Why Online Gambling is Moving To Bitcoin

cointrepreneur (25)in #bitcoin • 8 years ago

Online gambling has been available to players around the world for about a decade now, but up until Bitcoin came onto the scene in 2009, online gaming was only offered to those using fiat currencies such as Euros, USD, GBP or RU. The popular crypto currency Bitcoin has seen many new and innovative uses since its inception, and gambling has become one of its newest applications.

This new way of utilizing Bitcoin has drawn in online casino players at an increasing rate in 2016. Many of these players say that they choose Bitcoin over traditional fiat currencies because it provides them with a more secure gaming experience, greater anonymity, faster cashouts/deposits and the many additional benefits associated with Bitcoin.

Today one online casino is making the most of this trend by offering an innovative Bitcoin-only online gambling experience like no other. Since Bitcoin was first invented, there have been many casinos utilizing the virtual currency. While most of these companies have come and gone, only a few have stood the test of time. One such casino is mBit.

MBit Online Bitcoin Casino

MBit Casino launched its service in 2014 and has since grown rapidly to become one of the premier bitcoin gambling websites out there today. Its success has been primarily due to their friendly 24/7 customer service, great weekly promotions, a superior VIP program and large game selection. Since launching nearly three years ago, MBit has had tens of thousands of satisfied players and has not missed a single cashout!

Games Available at MBit Casino

MBit Casino has a large variety of traditional casino games including Baccarat, Blackjack, Roulette and Video Poker while also offering a new take on internet gaming with popular online slots like Boomanji, Geisha, 4 of a King and Fruit Zen. This means you can enjoy a full vegas-like experience in the comfort of your home, or even on the go.

To accomplish this, mBit Casino utilizes software from some of the biggest providers in online gambling like SoftSwiss, Endorphina, Amatic, BetSoft, ISoftBet and NetEnt. This enables them to host over 300 of the most popular casino games online through one easy to use interface. When you combine these factors with the ease of depositing & withdrawing and the anonymous nature of Bitcoin, it becomes clear why so many players have chosen mBit as their go-to online casino.

Depositing Bitcoin at MBit Casino

Once you sign up for an account at mBit Casino, depositing Bitcoin is quick, simple & secure. Any funds you deposit will show up almost instantly which is much faster than many other casinos that only accept fiat currencies such as USD. To fund your account, click the “deposit” button and you will receive your unique deposit address. Then just send some Bitcoins from your personal wallet to your wallet at mBit. It’s that easy; and the funds will become available in less than 2 minutes on average.

After you have deposited your Bitcoins successfully into your mBit wallet and your account is funded, you will see your balance displayed on the top right of the screen. You can then explore all that mBit has to offer by visiting the “casino” tab and start playing games for real Bitcoins. You are able to sort through these games by the game-type, provider or search for a specific game using the search bar at the top of the screen.

Withdrawing Bitcoin at MBit

If you win or would like to otherwise cashout, withdrawing Bitcoins from mBit is as easy as depositing. Cashouts are almost instantaneous as well. To request your cashout, just navigate to your account and select “withdraw.” Here, you can enter the withdrawal amount and input your Bitcoin wallet address.

The transaction will then be approved by mBit in under 5 minutes on average and transferred to your personal wallet address almost instantly. One of the many benefits of using mBit Casino is their 24/7 customer support which means that there is always someone around to approve your cashout or answer any questions you have.

Big Winners at MBit

MBit Casino is not new to seeing big winners come through its doors, and it even holds the record for the largest Live Dealer Blackjack payout in Bitcoin casino history. One lucky player at mBit cashed out for 260 BTC back in March of last year. In today’s bitcoin value, that would amount to nearly $160,000 USD!

This year also saw another large mBit winner who was playing the popular slot games Geisha and 4 of a King. During his play, he hit several large bonus rounds with the largest one amounting to just over 40 BTC. This player ended up cashing out for around 101.5 BTC; almost $60,000 at the time!

MBit Casino VIP Program

Many newcomers, and even existing players said that they chose mBit Casino over other options largely due to the comprehensive VIP Program that rewards players at all levels. Whether you are a high-roller or like to bet in smaller amounts, mBit rewards its players with one of the best VIP Programs in the industry.

The mBit VIP Program includes over 10 deposit bonuses each month as well as up to 575% in bitcoin bonuses. Aside from deposit bonuses, they also launched a new VIP store that allows members to accumulate points by simply playing. MBit VIP points can now be used to receive some pretty cool gifts including MacBook Pros, Drones, iPads and more!

A complete breakdown of the mBit VIP Program is listed below:

Silver Level

100 VLP Points Required

2 x 25% Deposit Bonus up to 250 mBTC
25 Free Spins
Access to MBit VIP Store
Option to Exchange MLPs for Bitcoins

Gold Level

1,000 VLP Points Required

Share in 2 BTC Draw
3 x 50% Deposit Bonus up to 250 mBTC
50 Free Spins Ledger Wallet Reward
Access to MBit VIP Store
Option to Exchange MLPs for Bitcoin

Diamond Level

5,000 VLP Points Required

Share in 5 BTC Draw
3 x 50% Deposit Bonus up to 500 mBTC
75 Free Spins
Access to MBit VIP Store
Option to Exchange MLPs for Bitcoins

Black Level

25,000 VLP Points Required

1 BTC Instant Gift No Rollover
2 x 100% Deposit Bonus up to 1 BTC
Access to MBit VIP Store
Option to Exchange MLPs for Bitcoins

MBit Casino Bonuses

MBit Casino is very generous when it comes to rewarding new players, and it offers an industry leading 110% first deposit bonus up to 1 BTC on top of 100 free spins. For example, this means that new players who deposits 1 BTC will receive 1.100 BTC in addition to their deposit and 100 free spins at Fruit Zen or Boomanji. This is an automatic bonus, so there is no code required; just contact one of the live chat girls. Existing players can also receive a 50% bonus on their 2nd deposit and 25% on their third deposit.

These offers are in addition to many of the other great promotions that mBit runs on an ongoing basis, such as Cashback Thursday where depositing players can get 20% cashback. If you sign up for an account or follow them on social media, you can also receive updates on any new promotions in the future which is a great way to get the most out of your online gaming experience.