In 2009, a very clever chap, Satoshi Nakamoto joined a think-tank to create the first true decentralised, virtual currency. Being the new kid on the financial block, you still might be wondering exactly what Bitcoin is. In the simplest terms, it is a currency that is not regulated by any financial institution or third party.
Being a non-traditional currency makes acquiring cryptocurrency a little trickier to get your hands on than normal money. There are three main ways to obtain bitcoins: you can exchange goods and services; you can buy it on an exchange, or you can ‘mine it’.
Using Bitcoin to make payments at online casinos is still quite a new concept. But it has taken off recently. There are even a few online casinos that only offer payments using Bitcoin.