CoolCat, the bitcoin casino, offers a number of popular banking options to choose from for depositing into and withdrawing from your account. One of these convenient options includes bitcoin, the fastest growing cryptocurrency in the world. In case you're wondering what cryptocurrency is, what bitcoin is, and how all this fancy stuff works, we're going to break it down here for you.
How Bitcoin WorksWe know that "cryptocurrency" sounds like something from a James Bond film or a science fiction novel, but it actually just means "digital currency." Bitcoin is entirely electronic, meaning it has never been and will never be printed physically like dollars or euros. If you own bitcoins and want to withdraw them to use in the physical world, you have to first convert them to a different currency and then withdraw the cash. If no one is printing this money out, how are they made?
While conventional currency was traditionally based on precious metals like gold or silver, bitcoin is based on mathematics; to put it simply, they're produced using computer software that solves mathematical problems. Which brings us to the most interesting aspect of this cryptocurrency: it's completely decentralized. No banks, countries, or institutions regulate bitcoin. Instead, it's entirely self-regulatory and created by normal people with really cool computer software.
I know what you're thinking: "Um, so does that mean I can get this software and make myself an unlimited supply of money so I never have to work again?!" Sorry, but unfortunately that's not possible. Bitcoins are produced digitally by anyone who has access to capable software programs, but you can't make an unlimited number due to the BITCOIN PROTOCOL, which states that only 21 million bitcoins can be created.
Advantages of Bitcoin
Bitcoin is pretty nice for several reasons – it's easy to set up, it's not controlled by a central authority, it's anonymous, and transactions are pretty much as fast as it gets. It lives in the electronic world unless you want to convert it to a different currency and withdraw as cash. No need to worry about losing your wallet – your BITCOIN WALLET stays secure on your computer. Coins can be divided into smaller parts, but they all have to add up to 21 million at most.Free Sign up!
The Best Bitcoin Casino Available
When it comes to bitcoin gambling, CoolCat Casino is the best bitcoin casino available. Both deposits and withdrawals in bitcoin are accepted, so when it's time to cash out your winnings you can request the amount in bitcoin or another currency. You can also "mix" your currencies – for example, you could deposit in bitcoin and request your winnings in Euros, or deposit using your Visa and withdraw in bitcoin. You can imagine the number of deposit and withdrawal combinations that are at your disposal, so finding one that works should be pretty easy.
With the online CoolCat bitcoin casino, you can use your cryptocurrency to play your favorite casino games on the downloadable PC app, the Mac site, and the mobile casino. As bitcoin grows in popularity and global use, CoolCat guarantees to stay up to date with and support this form of digital currency for our players. If you have any questions or concerns about how CoolCat Casino works with bitcoins, please contact customer support for further answers.