These days it is common to find Bitcoins at online casinos to play slots, live casino, do sports betting and play other games. Bitcoin is a virtual currency which has been around since 2009 . Unlike other currencies like Euro, bitcoin does not exist in paper or coin form . Irish punters have no problem to get Bitcoins to play slots at online Irish casino. Though Bitcoin is not regulated by Central Bank of Ireland or any other financial body, Ireland has already acquired its first Bitcoin ATM, a bar and the native cryptocurrency Gaelcoin. So still, virtual currencies remain unregulated in Ireland and has yet to be recognized as legal tender. Moreover, the Irish Central Bank has declared that it foresees a dual economy of digital currency and state based fiat currencies, which is an exemplary progressive stance compare to that of other EU financial regulators. Therefore both trading digital cash as well as organizing ICOs stay legal in Ireland.
The price of Bitcoin hit a record high when it passed $19,850 in mid-December 2017 and was worth over €10,000 in Mar 2018. The fast increase in value means that more people in Ireland were looking into how to buy Bitcoin be it for an investment or to use it at online casinos to play slots.
Here find the best exchanges in Ireland to buy bitcoins so that you can use it to fund your casino account to play real money slots or other games.
Bitcoin exchanges to buy Bitcoin in Ireland
There are many bitcoin exchanges to buy Bitcoins. Some of the most popular ones are as below.
Paxful is a a peer to peer marketplace where people can buy and sell Bitcoin . You can pay with Paypal, bank transfer , debit or credit card – or even by cash. You automatically get a free bitcoin wallet when you join Paxful. If you wish to sell BTC then on Paxful the seller of bitcoins pays a 1% fee. The buyer of bitcoins does not pay any fee at all. The buyer does, however, pay a fee to the seller for converting their Cash, gift card or PayPal money into bitcoin. Each seller has a different price so it is up to you to select the best one. The Paxful escrow system protects you by holding the sellers bitcoins in escrow. When payment is completed the bitcoins are released to your wallet.
Local Bitcoins is another person to person trading site for Bitcoin. Started in 2012 and based in Finland. People in Ireland and other countries can exchange Euros for bitcoins. The site allows users to post adverts where they state the exchange rate and the payment methods for buying or selling bitcoins. You reply to these advertisements and agree to meet the person to buy bitcoins with cash, or trade directly using online banking. Bitcoins are placed in a LocalBitcoins.com web wallet from where you can pay your bitcoin purchases directly. Users who create adverts are charged a 1% fee for every completed trade.
Coinbase is very popular BTC ecxchange that Irish punters can use to exchange bitcoin or other digital currencies such as Ethereum or Litecoin. They were founded in June of 2012 and are based in San Francisco, California. A digital wallet is provided when you join up. There are fees for conversion that range from 1.49% to 3,99% . Check here for more details.
Bitcove is best Bitcoin exchange for Irish punters that allows you to sell or buy BTC. You can convert your Euros to Bitcoins and vice versa. Bitcove.ie has become an ambassador for Bitcoin in Ireland and their expert team is available to promote and discuss Bitcoin at any Bitcoin related conferences or discussion groups. For more details click here.
Bitex.ie and Ericoin are other exchanges where you can buy BTC in Ireland. Also check out this site for more information on BTC exchanges in Ireland.
The other ways to get BTC is through Bitcoin mining but this is an unrealistic option for most people – or set up and control your own wallet, but using a third-party service is far simpler.
How to get started at Bitcoin exchanges?
So now you found that there are many bitcoin exchanges to buy Bitcoins. To get started all you need is to select the Bitcoin exchange where you wish buy BTC.
You can sign up as you would sign up to any website. Enter your name and email address and set a password to get started.
After that, it’s time to connect your bank account, debit card or credit card.
Use two-factor authentication to secure your account, but don’t use your phone number or SMS for this. According to security researchers, criminals only need to know your name and number in order to steal from your bitcoin wallet. Instead, use Google Authenticator or a security key, such as the YubiKey.
Once you’ve done this, you can start investing in bitcoin.
Once you’ve established how much traditional money you’re willing to invest, complete your exchange through the wallet service, following their instructions.
Note that Bitcoin transactions are irreversible, so if any of the currency leaves your account, you won’t be able to get a refund. Some services, such as Coinbase, allow to you set price alerts that tell you when the value of bitcoin has dipped below or climbed above certain values.
When you decide it’s time to sell up, you can complete the transaction through the wallet service if you are using for investment purpose. But for online casinos you can use them whenever you want.
Finding the best Bitcoin casino
Before signing up at Bitcoin casinos you should check the following:
- Bitcoin casinos should be licensed and regulated by authentic gambling commission.
- The casino should have a provably fair system, and/or uses games from reputable traditional casinos. A provably fair system uses cryptographic techniques to determine the authenticity of a roll and ensure that neither the game, nor the player knows the outcome of a roll prior to the bet.
- Bitcoin casinos should offer great promotional offers and BTC bonuses.
- The game play and interface should be user-friendly and can be played with various devices like mobile and tablet.
Playing at Bitcoin casinos gives much joy as you can make can deposit and withdraw anonymously without the need for any third parties or middle men. Also you can play with high or low credit according to your budget in a fast deposit and withdrawal environment. Moreover, when making cashouts, there is no need for any ID proof and with loads of BTC bonuses at Bitcoin casinos greater chance to make some wins when playing slot games. With 24.7 help support Bitcoin casinos are now much on demand.