Crypto has indeed grown to be one of the best digital assets that we have today. With its growing popularity and its several uses, it is not surprising to think that Bitcoin, as well as other forms of crypto, has paved the way for a different method of payment.
As online casinos became a thing, Tsars also thought of a way to make everything easier and more convenient for players like you. Being a Bitcoin casino simply means that we accept both fiat and crypto as payment. Being called a crypto casino would basically mean the same. However, Bitcoin is the pioneer crypto and remains to be the most popular cryptocurrency in the world.
With a Bitcoin casino like Tsars, you can now make use of your well-stored digital assets to maximize your chances of winning when you visit us!
Cryptocurrency: An overview
Cryptocurrency is a digital asset that people now make use of, from simple transactions to investments. Tsars aims to let its players have a complete and maximum digital gaming experience so we’re including cryptocurrency in our offers. From bringing you bitcoin video casino games to letting you have digital payment transactions, Tsars anticipates players’ needs.
Simply put, cryptocurrency makes use of cryptographics to make their transactions work. Aside from Bitcoin (BTC), all cryptos have their transactions encrypted in what is called a ‘blockchain’. It is a public digital ledger where all transactions are stored in a block.
If you’re not that familiar with crypto, then here are some of its most distinctive characteristics that you should know.
It is decentralized.
One main thing about crypto is the fact that it is not controlled by any government or any form of organization. In fact, it functions by itself. Here at Tsars, we are only capable of receiving your cryptos and enable you to play with it. Of course, we have no control over cryptocurrencies and how they function.
It is fast.
Considering that it is not being governed by any organization, you can expect your crypto transactions to go really smooth. With no need to wait for long processes of verification and the like, your crypto transactions can be finished for a maximum of 10 minutes instead of days. With that, your deposits will reflect in your account instantly! Withdrawals are just as fast!
It is global.
Another distinct characteristic of crypto is the fact that it is available all over the world. Unlike fiat, cryptos such as Bitcoin can be used equally by everyone, no matter where in the world you are. This might be your best option to keep on playing if you ever have plans of travelling across the world.
Bitcoin, games, and how they work together
Here at Tsars, we have fully accepted the use of crypto, both Bitcoin (BTC) and Litecoin (LTC), for the sake of our beloved players. Bitcoin is one of the most outstanding forms of crypto. Meanwhile, Litecoin is another top crypto that followed the steps of Bitcoin.
If you happen to be a bit unfamiliar with what Bitcoin and to an extent, what Bitcoin casinos are, here are some facts about them.
What is a Bitcoin casino?
Generally speaking, Bitcoin casinos just pertain to online casinos which allow the use of BTC as a mode of payment. By simply having it as an additional option, players are then allowed to explore more choices that they can find to be more convenient for their gaming needs.
In a bitcoin casino like Tsars, players can deposit their crypto in their account that they may access as they play. This is where players can also see and withdraw their winnings.
How it works
Simply choose Bitcoin as your mode of payment when you’re depositing here at Tsars. Once you’ve chosen this crypto as your mode of payment, indicate how much you’d like to deposit in your chosen currency. Tsars will convert it to BTC right away. Click ‘Deposit’ and Tsars will give you a Bitcoin address where you can send the amount you want to deposit to your account. Worried about the transaction fee? You don’t have to – it’s free.
What is Bitcoin?
Founded in 2009, Bitcoin started out from a whitepaper released by a pseudonymous Satoshi Nakamoto. Despite not knowing who this person or group may be, people were introduced to the promise of having peer-to-peer transactions in a decentralized manner. With it, people were also allowed to enjoy lower transaction fees and faster processing.
Uses of Bitcoin
Indeed, Bitcoin will not enjoy the popularity that it has today if it is not useful. So, here are some other uses of BTC that you can enjoy!
If you’re planning to send money to someone across the world, then it is highly suggested that you make use of BTC or other cryptos to do it. Unlike sending money with the help of bank transactions, sending money with BTC will only take a few minutes (10 minutes at most) instead of days.
Also, doing this will also cost you less. Unlike banks and remittance centres which charge a great fee, crypto transactions can charge you with little to no fee at all.
As it works like a digital asset, Bitcoin can also be used to help you purchase products and services. Many stores allow the use of crypto as a mode of payment. In fact, you can even book flights and hotel rooms with the help of crypto. Not only that, these digital coins can also be used to buy luxury cars, artwork, and even real estate.
If you’re familiar with Bitcoin, then you may know that this is, in fact, the most valuable crypto to date. With its impressive conversion rate, people are drawn to investing in Bitcoin and allowing their money to grow fully with it. To put things in perspective, 1 BTC is about US$16,000.
Other popular forms of crypto
After having talked about Bitcoin, let us now take a closer look at the other forms of crypto which has taken the world by storm.
LTC was created in 2011 as an alternative to BTC. Although it shares many similarities with Bitcoin, the thing about LTC is that it offers a much faster transaction and confirmation time as well as lower fees. This crypto also focuses on more concentrated miners, considering the fact that they have a higher coin limit compared to BTC. One important thing to note is that Tsars also accepts Litecoin as a form of payment!
Since its release in 2015, Ethereum has worked as an open-source platform on blockchain technology, like BTC. This crypto runs with the help of a decentralized software that enables their users to make transactions with the help of smart contracts that are recorded on a digital ledger and allows them to build more apps. Ethereum is actually the system’s blockchain while the coins are called ‘Ether’.
Launched in 2012, Ripple is known to work both as crypto and a digital payment network. Its main goal is to be a network that allows fast and secure money transfers. With that, XRP became true to their vision that shies away from simple peer-to-peer transactions as they focused on money transfers on a larger scale.
This crypto belongs to what is known as stablecoins. Unlike other forms of crypto, stablecoins tend to reduce volatility. They achieve this by using external reference points such as fiat to help determine their value. With that, they are able to further avoid price fluctuations. This is one of the reasons why some people tend to go for stablecoins such as Tether.
Launched in 2014, Monero has been known as a secure and private currency. One distinct feature which made it more remarkable is how it makes use of ring signatures in order to protect the identity of their users.
Advantages of playing with crypto
Now that you know some of the most popular forms of crypto, here are some advantages why you should make use of them as you play with us here at Tsars!
The thing about crypto is the fact that it is not recorded on your bank statement since it is decentralized. While transactions are recorded on a public ledger, your identity is not revealed.
With the help of crypto, players will be able to enjoy their winnings more as the fees with crypto are less compared to that of fiat’s. By having lesser fees, players will then be able to maximize the money that they want to use for playing more games.
Unlike with the use of regular debit and credit cards, crypto players can ensure that their money is safe. Why? This is because of the fact that should hackers be able to access transactions, they will not see any personal data attached to the crypto that you had spent.
Fun facts about crypto and BTC
Now that you learned more about BTC and crypto, let us now take a look at some exciting fun facts about these interesting digital assets!
- The first ever-Bitcoin transaction was made on May 22, 2010. This was when Laszlo Hanyecz spent 10,000 Bitcoins for two boxes of pizza. Back then, the equivalent amount of that was just about $25. To date, that would have been worth $180 million.
- There are 21 million Bitcoins all in all. The final Bitcoin is expected to be mined in the year 2140.. However, there remains to be almost a million BTCs that are either stolen or misplaced.
- Bitcoin is super popular. In fact, it is believed that a new social media post about it is posted every three seconds.
- It is impossible to entirely ban cryptocurrency. Although certain countries have regulations with the use of crypto, it is undeniable that anyone can have a crypto wallet.
- Satoshi Nakamoto, Bitcoin’s founder, remains unknown. Although there are theories that point fingers to certain individuals, there is one theory which says that this is an acronym for some tech giants. Specifically, SAmsung – TOSHIba – NAKAmichi – MOTOrola.
Frequently asked questions (FAQs)
Overall, there is so much that you can do and explore with the help of BTC and of cryptocurrency. If you’re not quite familiar with this industry yet, why not try it out here at Tsars first? Invest in Bitcoin or Litecoin and store them in your personal crypto wallet first before you deposit using crypto as mode of payment here at Tsars! We’ll let you have fun with your digital coins!
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