New Guide To Bitcoin
A beginners guide to Bitcoins
Bitcoin is a hot topic now and has been for a while now. You have probably heard and seen lots of news, posts and general articles about this coin, no matter what pages you visit online. Maybe a lot of your friends are also talking about the subject now and then. If you haven’t yet learned much about the famous cryptocurrency, now is the time to pay attention.
First, it’s important to understand what cryptocurrencies are. Many people start investing without knowing enough about it. With cryptos though, there is never a guarantee you will end up getting any money out of it, but many people believe there’s potential. Especially future wise. Trading can be made on different platforms, which you will also be able to learn more about in this article. Via this link, you can already check out the best trading platform canada if you can’t wait.
What are cryptocurrencies?
Let’s start with the basics. Cryptos or cryptocurrencies as they’re called, are digital currencies. It works as different digital coins, which use cryptography to both verify as well as secure transactions. A lot of the cryptocurrencies are built on the so-called ‘Blockchain’ technology. This process is known as ‘mining’. This process is created using enormous computer power to solve complicated mathematical calculations, which creates the digital coins known as cryptocurrencies.
To make it possible to send and receive these cryptocurrencies no matter the location a ‘peer-to-peer’ system is used, which also makes these transactions anonymous. Cryptocurrencies are also decentralized, which means there is no central bank controlling them, compared to ‘normal’ physical currencies. Cryptocurrencies can be kept in a ‘wallet’, which is an electronics wallet for these.
Bitcoin is by far the most popular cryptocurrency out there, with a price of 1 Bitcoin currently being around USD 21.500. Over time since the beginning of Bitcoin in 2009, the price has increased a lot, which you can see if you look up the history of this currency. Bitcoins are limited and will stop at 21.000.000. The currencies will be made over time until the year 2150. Bitcoin trading is often done on trading platforms, which you can read about in the next chapter.
In some ways, you can compare trading cryptos with trading stocks in terms of platforms. Nowadays there are many different platforms to choose from, but some are higher rated than others and there are differences in most of them. Here are some of the best-rated trading platforms for Bitcoins and other cryptos.
Coinbase: Coinbase is good for beginners if you are new to cryptos. Worldwide there are more than 98 million users who are verified. The platform is also great because of the large selection of cryptos to trade with. Over 200 different cryptocurrencies are available on the platform, including the famous Bitcoin. Coinbase offers a secure wallet as well for your cryptos. There are fees though, which you need to check out.
eToro: This trading platform is widely popular for many reasons. It’s a very user-friendly platform, which is very suitable for beginners as well. eToro has 75+ cryptocurrencies available and you also get a wallet on the platform. Practicing is also a possibility, so you’ll learn better. Fees are also something you need to look up for eToro.
There are several other trading platforms for cryptocurrencies with pros and cons, but you should check out the comparison sites. A good tip is to learn about cryptos before you start trading with these as well as learn a lot about the ones you will consider trading with.
CloudBet Bitcoin Casino Review
Cloudbet is a Bitcoin-accepting online casino that was founded in 2013. The casino offers excellent features and delivers fast deposits. Players can enjoy playing a wide range of casino games and it welcomes US players. Its software offers 3D games as well as live games. New players are awarded a welcome bonus of up to 5 BTC. If you are searching for a Bitcoin casino that offers a tremendous bonus offer then consider opening an account with Cloudbet.
Its software offers high-level security and its customer support is available 24/7 via live chat and email. Response via email usually takes note of more than 12 hours. Players can enjoy playing the games direct on flash or download.
Not only will you enjoy playing casino games, but CloudBet also offers a sportsbook thereby giving Bitcoin players an opportunity to enjoy live sports betting.
Cloudbet offers a tremendous platform that delivers outstanding gaming features for both live sports betting and casino gameplay. It offers fast payments and huge payouts with its platform regularly tested by independent gaming labs for fairness. Its RNG is tested and audited regularly and the casino ensures high-level security.
Its software is available for PC and mobile gameplay making it convenient for players to enjoy real money gaming whilst on the go. Withdrawals are not processed automatically and a fee of 0.0001 is applicable on all withdrawals. The withdrawals can take up to 24hrs to be processed.
CloudBet Game Variety
If you are a punter who loves sports betting as well as playing your favorite casino games then you should play at CloudBet since it offers everything under one roof. Players will also get to enjoy playing live games as well as live betting.
The casino games offered include Roulette, Blackjack, Blackjack, Slots, Video Poker, Progressive Jackpots, Keno, Scratch cards and many more. For sports betting, the sports book covers a wide range of sports that include cricket, horseracing, football, soccer, basketball, golf, tennis and many more.
CloudBet offers a huge welcome bonus 100% match deposit bonus up to 5 BTC on your first deposit. Existing players will get to enjoy benefits from the loyalty reward program that awards loyalty points each time you wager on the games for real money. The loyalty points can be redeemed for cash i.e. 800 points for 0.01 BTC.
Advantages of Playing at CloudBet
Although withdrawals are processed late, CloudBet offers live and pre-game bets as well a live casino game play all under one roof.