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Players can obtain unique as well as profitable casino rewards by making bitcoin down payments. They can earn a commission in the range of $500 up to $2,000, depending on the difficulty or size of the bet that was placed.
So what do you need to know to make a $100 down payment to play at Casinos in Las Vegas?
1. What is a bitcoin down payment?
Bitcoin, the digital currency popularly known as cryptocurrency, is a peer-to-peer electronic transaction system. A bitcoin transaction occurs between two parties in a public, permanent record shared across all bitcoin nodes. A player can transfer funds using Bitcoin by scanning the QR code displayed on a wallet application or by making a deposit to an online bitcoin wallet. Each transaction record contains a unique transaction ID which can be easily scanned into any smartphone.
2. How do I make a bitcoin down payment?
If you’ve ever played at casino games before, you’ve likely accepted payment without a second thought. It’s not complicated. All you have to do is:
Scan the QR code displayed on a wallet application or on a web site; Enter what you want to bet on and whether the wager will be up or down; Choose the currency pair and deposit funds; Wait for funds to settle.
If you’ve never played online casinos before, making deposits at any digital currency exchange such as the one we use at Gambling911 is a straightforward task. When making bitcoin down payments, you should:
Be mindful and cautious of exchange rate fluctuations, as it can easily fluctuate upwards or downwards depending on the exchange used.
Be aware of how your funds will be transferred from your casino wallet to the exchange and back to your wallet. If you’re playing online, these are typically processed by Bitcoin payments processors such as BitPay.
3. Are bitcoin down payments illegal?
Casinos that accept bitcoin down payments in Las Vegas are still legally prohibited from doing so.
What’s more, many online casino companies allow players to enter a virtual “wallet” and send funds in and out of virtual wallets whenever they want. This can be construed as allowing for the gambling sites to be a part of the illegal online casino industry.
If, however, you’re playing for pure entertainment purposes without any hope of ever transferring funds in and out of the site, then making bitcoin down payments is not illegal. Instead, it could be legal under the laws governing online gambling, which allow for virtual wallets and other online casinos to be illegal without any regulation or oversight
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