As the popularity and use of bitcoin grows by the day for online transactions, Slots.LV has joined a large group of casinos that now offer separate or additional welcome bonuses for bettors who make an initial deposit into an account with bitcoin. Bitcoin users will see more than an increase in the welcome bonus, however, as the popular casino will also be giving bitcoin users perks that are difficult and expensive to give to depositors who use a credit card at the casino. Online gamers are quickly learning that there are many advantages to using bitcoin over standard deposit and withdrawal methods and are switching to bitcoin as a better financial method for online gambling.
Bitcoin is an online only form currency that can be used to purchase items, pay for services, and at many casinos, as a deposit and withdrawal method. A bitcoin account is kept online in what is called a virtual wallet; such a wallet has an account number and a password to access the account. The account is not attached to its owner by name, making it a more secure form of payment that is only accessible to the owner of the account. Bitcoin is less expensive than traditional bank accounts that seem to charge a multitude of fees for casino funding. Lower costs and greater security have made believers out of many online bettors, and the currency is beginning to find its way outside of the web as bitcoin is now accessible at over 900 ATMs worldwide.
Slots.lv already has a sizeable welcome bonus that can be worth up to $5,000 in free bankroll if players take advantage of the entire promotion. Bitcoin users at the casino can now expect to receive a total of $7,500 in extra funds if the entire bonus is utilized. Bitcoin users who use the bonus code, “SLBITCOIN300” on their first deposit of up to $500 will receive a 300 percent match worth up to $1,500 in additional casino funds. After the first deposit, bettors using the alternative currency can use the bonus code “SLBITCOIN150” on the next eight deposits of up to $500, giving them an opportunity to score another $750 in free bankroll for a total of $7,500 in bonus money.
Players at Slots.lv can also take advantage of the fact that bitcoin allows for bigger deposits and withdrawals; players who use bitcoin to deposit into an account have a maximum of $5,000 per deposit while credit card users are limited to $1,000. While most deposits are instantaneous, the paperwork and requirements to withdraw using a credit card can take time; this is especially true with a player’s first withdrawal as the necessary paperwork for verifying identity can be time consuming. Bitcoin is much more secure and withdrawing into a bitcoin account is the quickest way for players to get their winnings into their possession.
While many governments and financial institutions are trying to regulate bitcoin, no one has had much success in doing so. While bitcoin was used early in its existence for illegal and unethical products and services online, this form of banking has become a part of the day-to-day business of online transactions. Bitcoin users who open an account at Slots.lv can take advantage of the many perks that come with using the currency. Those who are unsure about how to use bitcoin at the casino may want to check the bitcoin tutorial available at the Slots.lv website for detailed instructions.