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Value of LTC (Litecoin) Increases Dramatically and Is Preventing BTC Scaling

Litecoin value has been increasing alongside Bitcoin and Ethereum — with an uptick by 700 percent, Litecoin is growing, whereas Bitcoin is still being prevented from scaling due to politics. So, should you invest more into LTC or wait it out on the BTC front? A lot of investors and Bitcoin gamblers are keeping an eye on the SegWit (Segregated Witness) malleability fix and how it will be affecting Litecoin.  Let’s take a look.

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Rise in Litecoin Values

During the past month, there has been a remarkable rise in Litecoin (LTC) values. While many investors assume that this altcoin currency would be dead in the water, it seems like that isn’t the case at all. In fact, if you’re looking for a good reason to invest, the stock is heading in a very bullish direction.

Litecoin value has increased by over 700 percent. This is because of SegWit locking in and the Coinbase listing. It is clear that things are looking a bit brighter for Bitcoin’s silver sibling.

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Why it Continues to Soar

Litecoin has come a long way in a month — just earlier this year, a single LTC had a value of $4 USD — this was a great increase from its previous ATH of $48 USD in 2013. Ever since, a lot of people besides cryptocurrency gamblers have forgotten about this altcoin. Now, Litecoin is on everyone’s mind.

Not long ago, LTC locked in the activation of SegWit — this is a major benefit for this popular altcoin. Bitcoin is also trying to get SegWit activated, but keeps meeting a lot of opposition from BTC miners. The impending activation of SegWit has done well for the price of LTC — a 700 percent increase is nothing to sneeze at.

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The gain of Litecoin and its continuous soar isn’t just attributed to the Segregated Witness (SegWit) activation locking in, however. Coinbase is an extremely popular US-based cryptocurrency exchange and has enabled support for Litecoin, too. This has given Litecoin yet another boost forward in terms of value. It looks like LTC is underway to surpass $30 USD again. It can be hard to tell when this soaring increase will end, but it’s not out of line to say that the value of LTC could hit $50 USD before it slows.

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What is Next?

We have to remember that Litecoin doesn’t have some of the same issues as Bitcoin, so it’s unwise to compare the two equally. LTC, for example, never had full blocks to begin with (whereas it’s very common in the Bitcoin network). There are also a lack of demand for Litecoin, especially from a consumer and merchant point of view. For Litecoin gamblers, this can be something to take advantage of.

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The question on everyone’s mind is if Litecoin can maintain their value trend in the long run. Unfortunately, we can’t see that far ahead and many people still view Litecoin as a testbed for Bitcoin.

If you are holding on to Litecoin, you should keep a hold of them, as you may see the LTC value increase in the coming weeks. Keep an eye on the SegWit malleability fix and how it will potentially affect Litecoin.

 

Resources

Coinbase: https://www.coinbase.com/?locale=en-U

SegregatedWitness (SegWit): http://segwit.co/

CoinMarketCap: https://coinmarketcap.com/currencies/litecoin/ 

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Facts to Know About Bitcoin Before Gambling at Bitcoin Casinos

Introduction

If you are new to this site, you have probably seen all of the reviews of different Bitcoin casinos and other online gambling establishments that accept this cryptocurrency. While you may or may not have been aware that there were such things as Bitcoin Casinos, you have most likely heard of Bitcoins themselves.

This article is to inform those making the leap into gambling at Bitcoin Casinos, and let you know a couple of things about this digital currency and using it at Bitcoin Casinos online.

If you have some time to waste, are looking to test your skills, looking to have fun playing games of luck, or want to make a bit (or a lot) of money playing online casino games, you should look into Bitcoin Casinos over that of traditional casinos.

Benefits of online gambling, wagering, and playing games are worth while. You can save a ton of gas money, save driving to another state where you are legally allowed to gamble, you can play online from your own home, you can deposit and cash out conveniently, and you can use the accessible digital currency of Bitcoin.

Bitcoin’s value continue to rise, surpassing the value of Gold even. When you consider the advantages of using Bitcoin and playing at Bitcoin casinos online, it is a no-brainer, especially if you live in countries such as the United States, where gambling is prohibited in nearly all states, including online.

So, here are some things you should know about Bitcoin Casinos:

  • It is legal
  • There are a ton of games to play and bets to wager on
  • It is much faster
  • It is anonymous

 

Legality

Gambling is a great way to entertain yourself — most of us cannot make it to Vegas or Atlantic City and more importantly, don’t want to, in order to gamble. There are casinos in a lot of states beyond the AC and Vegas, though — however, when it comes to gambling, every player wants to make sure they can engage in fair gameplay and do so without getting into trouble.

In the U.S. and other countries where online gambling is often restricted, you can get around this issue via Bitcoin Casinos. Bitcoin is a gray area when it comes to gambling — Bitcoin is not regulated like traditional online currencies and Bitcoin casinos are also not regulated like regular fiat (hard currency) casinos.

This means that players from the U.S., U.K. and other countries that are typically restricted from gambling online, are legally allowed to sign up and gamble using Bitcoin. Furthermore, Bitcoin itself is anonymous — you don’t need to attach a name or bank account to your Bitcoin e-wallet, so you can use this cryptocurrency anonymously at online Bitcoin casinos.

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Huge Range of Games

Bitcoin casinos are known for having a massive amount of games to choose from. The game type with the most variants to choose from is typically slots, but from video poker, table games, live games, card games, dice, specialty games, and other classics, you can get any game you can play in brick and mortar casinos — and then some.

Many Bitcoin Casinos also have sportsbooks or you can sign up at a Sportsbook and Racebook that features casinos games as well. Either way, you can bet on just about anything.

Bingo, blackjack, dice, roulette, craps, baccarat, poker, live games, slots, lottery, and hundreds of variants, you will definitely find a variety of entertainment options at Bitcoin Casinos. Some online casinos are better than others, so be sure to check out our reviews before committing to one.

Fast

One of the great aspects of Bitcoin Casinos is the speed of transactions. Bitcoin is a cryptocurrency that lives in the digital world — through e-wallets, they allow for instantaneous deposits and withdrawals.

You don’t have to worry about waiting for credit card transactions, contacting your physical bank, or working around your bank’s open hours — Bitcoin is 24/7/365 and is always available to be deposited and cashed out immediately. It is safe, anonymous to use, and is rising consistently in value over that of hard currency.

In addition to avoiding banker’s hours, when you do win and wish to withdraw your funds, you can do so much more readily with BTC. credit cards can take 3 to 7 days (sometimes more) to process (depending on the online casino), but Bitcoin is typically instant and at the most would take 12 hours.

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Anonymous

When it comes to gambling, it sucks being treated like anything but an adult. One of the more important things to know about Bitcoin cryptocurrency is that you won’t run into any problems using it to gamble.

Some credit reporting agencies and banks who issue you credit cards may downgrade your credit for gambling. They can also flat out deny you the ability to deposit to an online casino if you use your credit or debit card.

Bitcoin is anonymous and doesn’t have to tie back to you at all – there is no personal information, no name, no address, no anything. If you don’t want someone asking you about your gambling habits during your next loan application and wish to separate your regular life and gambling life, Bitcoin is the way to do it.

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With Trump’s Spending Binge and China’s Devaluation of the Yuan, the Bitcoin Could Nearly Triple in Value

Bitcoin ended the 2016 year at nearly the $1,000 mark on December 31st, when the stocks closed. Ending high, the Bitcoin continued to do well into the new 2017 year. However, how high can Bitcoin go? With a strong Chinese demand for alternative currency and Trump’s spending binge making the world nervous, the Saxo Bank released a report that predicted the value of Bitcoin could triple in value to over $2,100.

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While this seems like an outrageous prediction, there are many events occurring around the world that are increasing the demand for Bitcoin, a demand for alternatives to failing conventional currency, alternatives to central banking, and financial situations in different countries that are raising the value of the finite Bitcoin.

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The Trump Factor

In Saxo Bank’s annual “Outrageous Predictions” report for 2017, they predicted that the expected increase in fiscal spending that the Trump administration will undoubtedly commit will cause inflation in the U.S. dollar and force the Federal Reserve to speed up their hikes. This will result in the U.S. dollar increasing significantly, making it an even more attractive currency than it already is for foreign investors.

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How this Affects the Bitcoin

The inflation of the US Dollar will create a domino effect, especially in China, where a huge portion of the population have been seeking out alternative forms of currency due to their failing Yuan, which is tied to central banks in the country.

Bitcoin is often one of those alternatives to conventional currency, since more and more retailers (online and in-store) are accepting Bitcoin for purchases. In addition, once you have purchased Bitcoin, you can keep it as an investment as the value rises, or you can exchange it for the currency of your choice — if individuals exchange it to US Dollars or continue to use BTC as their preferred currency, they hope to avoid the financial ramifications occurring in China and India.

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Why can’t they exchange Yuan directly to USD or another currency? China has strict capital controls which makes it hard for any Chinese citizen to convert the yuan currency into foreign currency. This limits the amount of cash that investors can move abroad and makes it difficult for the everyman to invest in themselves rather than being paid less as the value of the yuan decreases.

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Bitcoin is the natural place to turn when seeking a cryptocurrency. It is anonymous, there is a finite amount of Bitcoin, it is the most accepted and legitimized cryptocurrency, and it is rising in value. Ending 2016 and entering 2017 quite strongly in price, the Bitcoin would benefit from the global financial and political chaos.

The Bitcoin’s value is expected to increase due to the impending Trump spending and inflation of the USD, but it also has shown to increase (and continues to do so) in part because of Chinese investors looking for higher returns.

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China

China is a huge factor in the rise of the Bitcoin up until 2017 thus far. China accounts for a whopping 90 percent of all Bitcoin trading on exchanges. As we stated previously, China has strict controls over their currency and their citizens, and this makes it extremely hard for the Chinese to convert their yuan into any foreign currency.

However, going online and investing in Bitcoin is a way out for the Chinese. This is why 90 percent of Bitcoin trading on exchanges is from China — they are opting into this cryptocurrency out of sheer need for daily life as well as for its investment potential.

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Many analysts agree with the prediction by Saxo Bank and states that the price of Bitcoin will indeed continue to rise as additional devaluations are expected by the Chinese government.

 

Conclusion

The US Dollar is appreciating slower than the yuan in comparison to Bitcoin, which makes the $2,000+/- BTC value not that unreasonable to expect.

While this prediction is more of a “fringe prediction” than a certain expectation, it is something to look at as Trump takes office and the Chinese government continues to devalue the yuan. It is not recommended that you purchase Bitcoin in boatloads with expectations of making a killing in the stock later on, but knowing that Bitcoin could significantly increase for investors, Bitcoin gamblers, and those who seek alternative methods of keeping their money safer from political and financial damage.

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Bet on Anything at BitBet

Bet on Anything at BitBet

BitBet (BitBet.us) is a premier Bitcoin casino website that introduced itself in 2013. Back after some time offline when the original owners auctioned off the site, BitBet came back online in May 2016 ready to roll.

Bet on Anything!

Move beyond the traditional casino floor and Sportsbooks and bet on…well, anything. The most recent bets on BitBet.us included:

  • The outcome of the U.S. Presidential Election
  • The outcome of individual states in the election
  • What party would win control of the Senate
  • The name chosen for an upcoming 2016 tropical storm
  • Magnus Carlsen Wins 2016 World Chess Championship
  • Novak Djokovic to win 2016 Tennis French Open at Roland Garros
  • France to win the UEFA 2016 Euro
  • Patriots or Panthers win Superbowl L

And a lot more, including sports bets, political bets, entertainment (box office betting, Oscars, etc..), and anything in between that can be found under Misc.

New bets include additional political bets on outcomes as well as various stock bets including:

  • Iconomi listed on Bittrex or Poloniex by February 2017
  • ZCash to trade above 5BTC per ZEC on December 1st
  • Bitcoin to set new ATH in 2016
  • 2nd nation to decide to exit EU before Jan 1st
  • British Government to trigger Article 50 in 2016

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High Roller Bets

High Roller bets are also available. While most bets can range from point-zero-zero BTC, High Roller Bets like the ones below can run into single to double BTC digits!

  • Bitcoin Block Larger than 1Mb to be mined in 2016
  • Gold to trade above USD 1400 per ounce in 2016
  • Bitcoin to top 1000 USD before January 2017
  • Bitcoin difficulty over 280B before 2017

Depending on what the bet is, you can bet on daily, weekly, monthly, or bets that will close in 2017. The odds for and against each bet are shown by an easy to read red/blue bar at the top of each bet which include:

  • Odds for and against
  • The current BTC amounts being played in the odds

The website itself is very easy to use and is organized nicely. On the left hand side of the window you have regular, lower BTC bets that are currently underway; in the middle, you have the high roller bets; and on the right you have the resolved bets and the results.

Creating a Proposal

One of the most unique and exciting parts of BitBet is that you can propose new bets. You don’t have to, but it is recommended that you also choose a side yourself in the proposal that you create. On BitBet, this is called creating a contract (e.g., proposal).

Link: https://bitbet.us/new/

You simply give your new bet a title, a description of what kind of bet you want to create, fix a resolution date, place the bet into a specific category (ex: Sports, Bitcoin, Politics), choose how many days before the resolution that betting will end, enter your bitcoin address, place a bet weight end-point, the option to make a bet private (you can create a password), the option to place your own bet on the outcome, and you can post it for other BitBet users to see and bet on. The more people, the better the pool.

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Browsing Proposals

In addition to creating proposals/contracts, you can browse by keyword search, category, status, and order by date or bet sum, etc… If you are like most gamblers, you have a specific niche you feel comfortable putting down your Bitcoin to bet on, and sifting through random bets you are uninterested can make you miss a good opportunity.

Link: https://bitbet.us/browse/

By browsing, you can get a list of current bets going on that are right in your arena, such as in Bitcoin stocks/bets, Politics, Sports, Entertainment, or Miscellaneous.

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Range of Betting

The great thing about BitBet is it’s easy to use, easy to create new bets on just about any subject, topic, or current events, and anyone can play.

The range of betting is great and you can bet 0.004s BTC or go High Roller and bet 3 or 4 BTC on the bet of your choosing. Everyone can find a place at BitBet.us and regardless of the amount of Bitcoin in your wallet or betting interests, you can find the excitement you’re looking for.

Conclusion

BitBet.us is web-based and does not have a mobile app, but you can still make bets, create bets, check on the status of your bets, and make comments through your mobile or tablet browser.

Screenshot via mobile (Chrome on Android). Credit: bitcoin-gambling.net

Screenshot via mobile (Chrome on Android, Galaxy Note Edge). Credit: bitcoin-gambling.net

 

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FortuneJack.com: Guide and Review

When searching for your first bitcoin casino website or another website to shake things up, it can be difficult to know where to start. Every bitcoin casino claims to be the best, but while many have excellent platforms and offer exclusive deals and reloads to loyal players, not all of them can be considered the “best” out there.

FortuneJack.com is one of the best interactive bitcoin gambling experiences you can find on the web. With Provably Fair (PF) games, mobile access, no downloads or clients necessary, a huge variety of interactive games to choose from, live dealers, great incentives and promotions, and the ability to exchange a number of currencies into other cryptocurrencies, FortuneJack has it all.

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Provably Fair

FortuneJack, like any respectable and trustworthy bitcoin casino should have, offers Provably Fair (PF) technology, which (if you are a novice) means that you can verify the fairness of every single game yourself. This ensures that winnings and outcomes cannot be generated in the house’s favor beyond the odds that naturally exist in the game.

You can see for yourself, how the outcomes are based on a secret number and the gambler’s input — this secret number is changed every round and disclosed after each play so that as a player, you can verify that the game was played fair, if you wish to.

Every game on FortuneJack is Provably Fair.

 

Platform

You can gamble on FortuneJack by registering on its main site. All you need is to be 18 years of age or older and choose a username, email address, your country of origin, and a password.

You can play on the main website, which features everything you need to play hundreds of games and make exchanges. You do not need to download any PC clients to play — everything can be done by logging into your account from any desktop, laptop, or mobile device (see Mobile Access section below).

Incorporated in Wilhelminalaan, Curacao, by Nexus Group Enterprises N.V.; FortuneJack is subject to the laws of Curacao.

 

Mobile Access

Mobile access has changed the way bitcoin casinos have reached out to new players and retain loyal ones. Being able to gamble on one’s smartphone or tablet without a doubt increases playtime as well as winnings.

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FortuneJack is one of the leading Bitcoin casino portals in the world, so naturally, they offer mobile access to both Android and iOS users, as well as any mobile device that can access the internet.
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While FortuneJack does not use an App for gameplay, the mobile version of their website is fully functional and has been updated this summer to feature a range of Slot Machine games with GameArt graphics. GameArt is an online casino and gambling software provider that offers high quality graphics and software solutions to make gameplay more visually stunning and advanced.

 

Games

With FortuneJack, you can play live games such as poker, lottery games, slots, video games, betting, and more.

More specifically, the collection includes 7 live casino games:

  • Dragon Tiger
  • Live Roulette
  • Sic-Bo
  • Texas Hold’em
  • Baccarat
  • Caribbean Poker
  • Blackjack

All of these live games feature live dealers and are operated by FortuneJack and not a third-party.

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Instant wins can be had on games such as:

  • Keno
  • Fortune Slots
  • Wheels
  • Bingo

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If you are a huge online gambler, you actually have over 400 Slot game options to choose from, from EGT, Endorphina, Irgosoft, Novomatic, Betsoft, and more.

If you are more of a Bettor, you can enjoy a large range of betting options anywhere from 60-second to 1 day trading. You can bet against each other on any event at their Anybet game, and roll the dice automatically or manually at their Classic Dice game.

The house edge is really low for dice games, at only 1% with auto roll.

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Incentives and Promotions

One of the great things about Bitcoin gambling casinos is their increasing promotions for new players and incentives for both new players and loyal long-timers.

Each new player at FortuneJack receives a 100% welcome bonus on their first deposit. This encourages you to deposit more Bitcoin than you typically would, because doubling your playing money is too great of a deal to pass up.

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For loyal players, there is a loyalty program where weekly promotions are offered to retain its players and encourage frequent playing on a weekly basis.

Below is a list of the FortuneJack Welcome Bonuses:

  • 1st Deposit: 100% Match. Min Deposit: 0.001 BTC. Max Deposit: 0.5 BTC. Rollover: x40.
  • 2nd Deposit: 130% Match. Min Deposit: 0.777 BTC. Max Deposit: 1 BTC. Rollover: x40.
  • 3rd Deposit: 100% Match. Min Deposit: 0.001 BTC. Max Deposit: 1 BTC. Rollover: x40.

As of October 29th, 2016, FortuneJack is offering deposit 777 play with 1777 mBTC.

Promotions are always changing, so visit FortuneJack’s Promotion subpage to see the most up-to-date promotions!

FortuneJack Promotions: https://fortunejack.com/promotions/

 

CryptoCurrency Exchange

FortuneJack accepts: Bitcoin, Dogecoin, Litecoin, Darkcoin, Reddcoin, Peercoin, Namecoin, Clams, and Novecoin.

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As per the terms and conditions, you must use Bitcoin as the payment processing method in order to deposit funds into your member account. Money is drawn from your account and is assigned to your FortuneJack wallet as soon as the transaction is completed.

When withdrawing, your withdrawals will be made to your Bitcoin wallet address. FortuneJack pays the withdrawal fee, but exchanging cryptocurrency into another cryptocurrency on FortuneJack does have a 0.4% fee attached.

See FortuneJack’s Exchange Page Here: https://fortunejack.com/exchange

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BetChain, the European Giant in Bitcoin Gambling, Integrates New Cubits Payment Technology

Say hello to Cubits, a new “all-encompassing payment platform” that is helping to pave the way towards an easy and instant money exchange between traditional currencies and cryptocurrencies. 

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Now available at BetChain, Europe’s Most Popular and Innovative Bitcoin Casino — Cubits Payment

Bitcoin gambling is making waves recently as one of the most secure ways of playing online—not only because it offers low stakes, instant deposits and withdrawals, but also because it offers players security and anonymity. Now that the Bitcoin casinos are trying to create a clear cut method for payment and currency exchange online, Cubits has come forward with an innovative way to ensure that players can deposit in traditional currency, gamble with Bitcoin, and withdraw their winnings via Bitcoin or a currency of their choosing (such as Euros, in BetChain Casino’s case). 

This lack of a clear cut payment method has been somewhat muddy to walk through as a player of online Bitcoin casinos, but the technology is here to start organizing a better way. There are a wide variety of wallets and exchanges where online casino players can convert their money into digital currency, but it’s only recently that a platform—one that can be completely integrated into the framework of a casino—has been developed.

This is called Cubits.

Cubits is a London-based start-up company, who has came out with what it described as an “all-encompassing payment platform,” which allows both merchants and customers to make and receive payments.

This platform was recently integrated by European bitcoin casino BetChain (of BetChain.com), which now allows players to make deposits in Euros, play in Bitcoin, and then withdraw their winnings in Euros if they want.

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BetChain is also known for its Provably Fair systems. Based on cryptographic hash functions, this technology used in bitcoin gambling makes it impossible for a player or casino to cheat. Suspicious plays can be checked using a Bitcoin cryptographic has function, proving the results are indeed calculated properly and fairly, according to BetChain.

“Data is converted into a hash string, which can be verified with an algorithm. If there was any interference in the game or any error in the payout, the hash will not be verified. As a player you can check the result of any bet yourself,” the company explained on its website.

 

Current Bitcoin Price and Trade Volume

The price of Bitcoin (BTC) broke the $630 price ceiling on in late September, trading at $633.99 with a trade volume of $166.53 million. This means that business is going quite well with this cryptocurrency and we should not underestimate Bitcoin as the future of currency. 

When it comes to online gambling and casinos, Bitcoins seems like it is here to stay and is becoming safer and more secure to use everyday. With companies taking on the issues of currency deposits and payments between traditional currency and cryptocurrency, every day more solutions are created in order to make online Bitcoin casino gamblers happier with better options for payment, which in turn, leads to more business for the Bitcoin Casino market.

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mBit Casino Now Offering 25% UNLIMITED Reload Bonus!

About mBit Casino

MBit Casino is one of the leading online Bitcoin casino operators in the world. Operated by Softswiss N.V., the platform is registered under the laws of Curacao. The casino platform offers well over 700 games to its users.

mBit Casino, a Bitcoin casino platform known for its unique promotions, unmatched VIP program, and friendly 24/7 live support, has taken a giant leap forward with its new bonus program. Unlike previous deposit bonuses which were applied only to the first, second and third deposits, the new program is applicable to all deposits made on Mondays.

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mBit Now Offering an UNLIMITED 25% Reload Bonus! 

“We are always looking to improve the experience of our players to make sure they are fully satisfied with us. We believe that giving them an unlimited 25% bonus on Mondays is a unique approach that will differentiate us from the crowd, while also helping us show our appreciation for their support over the past two years.”

– mBit Casino

How to Use the 25% Unlimited Bonus

The new 25% unlimited bonus applies to any and all deposits made on Mondays at mBit Casino. The bonus from this promotion can be used to play any of the games on mBit Casino; including table games, slots, video poker, or even the lottery. This bonus has a 35x wager requirement, which is standard with most Bitcoin casino bonuses.

 

Reputation

mBit Casino is a reputable Bitcoin casino with some of the largest recorded wins in the Bitcoin casino history, without missing even a single payout to date. A full range of slots, table games, roulette, craps and video poker offered at mBit Casino are developed by some of the most well-known and trusted providers in the gaming industry. A combination of unlimited games, great customer service, bonuses and fun makes mBit Casino an ideal destination for Bitcoin gambling.

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mBit VIP Players

All players at mBit Casino, irrespective of whether they take part in the reload bonus or not, are automatically enrolled into their VIP program. All players will receive points at a rate of 4% across all games. These points can then be used in the mBit VIP Store to buy awesome gifts, cashback, receive lottery tickets and more. The best in class rewards programs offered by mBit Casino has been highly successful, and has attracted many high rollers from other platforms.

 

For more information, please visit: https://www.mbitcasino.com

Learn more about mBit Casino VIP rewards at: https://www.mbitcasino.com/vip

 

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Check out our additional articles at the link below:

Satoshi Dice Offers Unique Bitcoin Gambling Experience You Should Consider

 

Satoshi Dice Offers Unique Bitcoin Gambling Experience You Should Consider

Introduction

The world of online bitcoin casinos is exciting, especially with so many options out there to choose from. The incentives to join, are alone, good enough reason to take advantage of the popularity of the bitcoin (BTC).

While exciting, one of the common themes you will notice by visiting many bitcoin casino websites is that a lot of the games are very similar on each site. In that regard, Satoshi Dice Casino can offer users a very different and unique experience in bitcoin gambling, even if it is based on a rather simple principle.

 

About Satoshi Dice Casino

Satoshi Dice Casino opened in 2012 as a Bitcoin-only casino. It found remarkably huge success even with its very limited game offerings. Initially, only the Satoshi Dice game was offered to their players, despite the fact that the game is pretty simple. The specific gaming option and minimalism was well received by players.

What has continued to attract players to Satoshi Dice over the years is the fact that they always made sure to offer PF (Provably Fair) games, and their Return-to-Player is a matter of public knowledge. Based on the way their main game operates, there is no room for guesswork. As a player, you know exactly what you are getting into. This is greatly appealing to many bitcoin gamblers online.

 

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So, What IS Satoshi Dice?

The game of Satoshi Dice is very simple — I promise, after reading this section, you will understand the immediate success of this game and why it is a player favorite.

First, you do not need any knowledge at all to begin playing. You do not need to be an expert. There are no hidden strategies that can help you beat the house, and it is very straightforward, but addictively entertaining.

  • To begin, the player chooses a number between 1 and 64,225.
  • Then, they wager an amount (in BTC) they wish to risk, that a number smaller than their pick is going to come on the next roll.
  • The dice is then rolled. That’s all there is to it!

Choosing the number 1 offers the best payout of 64,290.9 times your bet. Conversely, choosing 64,225 only offers 1.0012 times payout. This is what makes the game so simple, entertaining, and fun. The lower in number you choose on your wager, the smaller the percentage that a number in that range will be chosen, which (if the dice does land on a number smaller than yours) means a larger payout. It all depends on how risky you want to make your wager.

Since there are 65,536 numbers on the virtual dice, the range that players are not able to select, is in effect, the House Edge. And this amounts to 2%. Not too bad, right?

 

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The Evolution of Gaming Options

Apart from their Satoshi Dice game that they began with, the casino decided to introduce an online slot to their game choices, realizing that players often like to have some variety. Since slots are one of the most popular of gambling options, the Satoshi Slot was well received by the bitcoin gambling community. The Slots offer an opportunity to win up to 513 time your bet on every individual spin, which provides exciting gameplay.

The Satoshi Slot features free spins that are triggered by scatter symbols (Bitcoin) that appear on the reels. During these spins, there are 40 extra wild symbols added across the reels.

 

Play the House

One of the best and most unique parts of this Bitcoin Gambling Casino is that not only can players win their BTC by gambling with each other or through the slots. They can also play the house!

Apart from their games, Satoshi Dice took the fact that they operate in Bitcoins and began offering their players a chance to play the house. This works by investing an amount of your own choosing and being awarded your share of any casino profits based on your participation in the casino’s total bankroll.

Now, if that is not an enticing offer that is difficult to refuse, I don’t know what is. As Satoshi Dice Casino is so popular and has done well, this could be a great opportunity for those who have the Bitcoin and the knowledge to invest in this non-traditional manner.

You can play today at SatoshiDice.com today. Note that if your computer’s IP address shows that you are located in the United States, that you will not be able to access the website.

 

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