Popularity of Bitcoin in Online Gaming Continues to Grow

Have you ever heard of Bitcoin? It is a digital currency and online payment system that users can use to make purchases and perform other financial transactions online. The software that creates Bitcoins is completely open source and available for everyone to use.

Bitcoins can be exchanged for actual money and vice-versa at sites called Bitcoin exchanges. But, if you don’t want to spend your own money, you can still use Bitcoins. How is this possible? Through a process called mining, although it can be time-consuming, the mining process isn’t too difficult – it involves using your computer to figure out certain calculations. In this way, you could fund your online gaming (on online casinos) and other financial transactions without using any of your own money.

There are many benefits to using this virtual currency on online casinos, besides the “free” money. For instance, when Bitcoin is used for financial transactions, there are little to no transaction fees, especially when compared to payment systems like PayPal or credit and debit cards. Furthermore, Bitcoins can be sent directly from a tablet, computer, smartphone, because all transactions are completely secure, ensuring the safety of all funds involved.

As you can see, Bitcoin is easy

Read more ... source: TheBitcoinNews