Dec 282015
 

Bitcasino review

Bitcasino is one of the largest online Bitcoin casino, and one of the most reputable names in the industry. This Bitcasino review will attempt to provide you with all the information you need, from understanding what kinds of games are on offer to joining/signup bonuses. As with all online (and offline) gambling, please gamble responsibly and don’t bet your rent money on anything.

Check out Bitcasio.io here. If you’re new to Bitcoin, you can check out our Buy Bitcoin guide to buy Bitcoin and start playing.

Legitimacy

Bitcasino was established in 2013. That might sound like a new site to you, but to anyone in the Bitcoin space, that was ages ago – just 4 years after Bitcoin’s launch. Through the highs and lows of the Bitcoin casino industry, Bitcasino has survived and thrived. It now has one of the largest collection of games you’ll find. As an industry-leading site, and created as a Bitcoin-casino, Bitcasino is the better breed of companies out there.

Game Providers and Depth

No Bitcasino review can be complete without touching upon the depth and variety of games offered on the site. Currently, the Bitcasino platform hosts over 1000 games from several world-class providers that most gamblers have heard of, like Quickfire, Endorphina, Netent, Gameart, Ezugi, Betsoft, and Evolution.

Bitcasino casino games

The casino games section is filled with casino classics, from Blackjack to Roulette and online slots. Of course, there is also room for skill-based games like Poker.

Live casino game fans will like the fact that BitCasino has a comprehensive section of classical live games – from Blackjack, Roulette, and Baccarat to Dice, Wheel of fortune, and Keno – hosted by dealer girls from various countries. There are also dozens of video poker varieties and a choice of casual and multiplayer games by several acclaimed developers, which means you can find almost any game you want.

Speaking of the special features of the virtual slot machines offered by BitCasino, it should be noted that over 40 of them have jackpot prizes, with some of the games, like ‘The Dark Knight’ and ‘Mega Moolah Isis’ boasting massive 26,000+ BTC prize pools.

The other important thing that Bitcasino gets right is that it allows players to play in the browser without downloading any programs on to their computers. For Bitcoin users especially this is an important criteria because they are suspicious of random programs trying to steal people’s Bitcoins.

Bonuses and Promotions

BitCasino is well known in the industry for their generous bonus offers, especially for newbies, and their many promos. It all starts with a great 100% bonus up to 1 BTC first deposit bonus that newly-joined gamblers are able to use to double the gaming funds on their balance. This is especially more relevant with the recent run-up in Bitcoin price, which means you can get nearly $1000 in bonuses! The fun goes on with the remunerative 50% up to 1 BTC bonus for players who have exhausted all their previous reserves, and if it’s still not enough funds you can get regular 25% reload bonuses given on every successive deposit made.

On the promotions side, there are just so many promotions that I won’t do justice trying to discuss each of them. Suffice to say, you have many opportunities if you’re patient. Here’s just one such example.

Bitcasino Pumpkin Challenge

You also have raffles that you can qualify for.

Bitcasino 2BTC Raffle

There are a ton more to check out.

Payments and Withdrawals

Still staying true to its origins, Bitcasino allows both deposits and withdrawals in Bitcoin only. You can of course use ShapeShift to convert any altcoins like Ethereum into Bitcoin first, and then deposit those in your Bitcasino account. The minimum deposit is 1mBTC (0.001 BTC) with no maximum. The minimum withdrawal is 0.06 mBTC and the maximum is 50 BTC. You can start playing even with 0-confirmation transactions, but you’ll need everything confirmed before you can withdraw, which is only fair.

Also remember that like all responsible online casinos, Bitcasino doesn’t allow US players.

So that’s the Bitcasino review for you. If you’re into Bitcoin gambling, check them out today!

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Mar 152014
 

Twelverized Review

The Bitcoin HYIPs arrive, and are flourishing. The cryptocurrency movement seems to have given the HYIPs a perfect system of money to use, in an irreversible Bitcoin system. This is not necessarily a bad thing if you know what you’re doing. These will appeal to Bitcoin gamblers and others who would like to take their chances. Do NOT put in more than you can afford to lose. 

HYIPs, or High Yield Investment Programs, have been around since the early days of the web. For those who are unfamiliar, HYIPs are essentially Ponzi schemes that pay out their earliest investors with the money from the latest investors. After a certain profit level is reached, the site closes shop with the latest investors being the bag-holders. By adjusting the amount of returns investors can get, the program can run for a pretty long time.

Don’t think though that the people who put money into these schemes are ignorant of how it operates. They know pretty well how things work. However, they take a gamble on being one of the first investors in the scheme, so they get paid out and are not the bag-holders. This isn’t too different from people who participate in crypto-currency pump and dump schemes, except on a different time-scale. If you know what you’re doing and the risk and gamble you’re getting into, HYIPs can be a fun way to gamble online. I’ve personally known people who were into this hardcore back during the mid-2000s when these were much more popular and even though they lost on a lot of them, they almost always made a sizable profit every month.

With Bitcoin more and more mainstream, it seems to be the perfect vehicle for HYIPs. There are no chargebacks with Bitcoin, so the operator is safe. I see Bitcoin going more mainstream with HYIP operators. If you are ever on the Bitcoin PTC sites, you’ll begin to notice a lot more ads for these HYIPs. It is good for the clickers as it tends to increase the number of ads available.

Be very careful though, since these sites can easily disappear overnight even before making a single payment instead of the traditional norm of paying some customers first, getting some reviews, and then closing shop (something about honor among thieves?) It should go without saying that if you’re “investing” in a Bitcoin HYIP, you’re doing it wrong. Think of it as gambling and nothing else.

Photo Credit: Home of Chaos

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Nov 102013
 

Poker by Proxy Review

This Poker by Proxy review is to look at this new Bitcoin gambling site, where instead of gambling directly, you ‘invest’ in a poker team, who then go out and play and either make or lose money in the process. The reason you would pay the team and not do this yourself is because the team is supposed to be better poker players than you. The site is a complete scam, and flushdraw has a nice update, but the idea behind the site is pretty neat.

The reason an idea like this works so well with Bitcoin is that everything is public ledger, so you know exactly how the players are gambling and where the money is going. This is very important. Of course, since PokerByProxy was a scam, they never revealed their Bitcoin addresses, but someone who actually wants to do this well, could theoretically be open, sharing in the losses and gains.

The protocol of Bitcoin can open doors to economies that hadn’t existed in the past. Imagine companies like Poker by Proxy coming up or even individuals doing this in a fully transparent way, so that everyone benefits. I am glad the company has expanded into using Bitcoin as a source of funding, and hope to see other developments by this company in the crypto-currency space.

 

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