Bitstarz is without doubt the best known bitcoins casino on the internet. The site is highly regarded throughout the gambling community for providing an enjoyable and safe environment for players to enjoy their games. The site is completely legal in Curacao and consequently the site has a fairly high success rate with online casinos. The site also allows players the option to play in real time or download the games onto their computer and play them from there.
The best casino sites are operated in the same manner as traditional online casinos. Players place a deposit into the virtual account and use that funds to gamble on the virtual tables. There are set limits on the amount of money you can wager and the conversion rates of the currencies used are often kept stable. The Bitstamp network handles all currency conversions as well as wire transfers and all transactions are monitored and constantly updated for security purposes. You will often find that you are able to set limits to your winnings and stop at anytime if you feel the risk of losing your money is too high.
One thing you must be aware of is that in the case of Bitstarz you are not able to withdraw your winnings. Instead, you are only able to make deposits into your virtual account. This may not sound like a problem on the surface but in the case of traditional online casinos where you are able to withdraw your deposits, you must make certain you can get enough funds to cover those withdrawals before the withdrawal process will be completed. Because the rate of transfer fees associated with Bitstarz and similar gambling networks is relatively high, it’s certainly not an attractive proposition to withdraw your money when you are only a few dollars from your winnings.
Many people are also concerned about the lack of regulatory control over the activities of this popular casino. While there is not currently any known regulation or law in the US or anywhere else in the world that prohibits individuals from playing online games, they may want to consider that such regulation is almost certainly inevitable in the near future. That being the case, why trust the UK based authorities who are overseeing this project? On one hand the Bitstarz developers have declared their intention that this project is strictly governed by UK law and by UK regulation. Additionally, the government of Curacao provides oversight and regulation of the affairs of the Bitstarz Limited company.
There are two other important things to know when looking at this popular new gaming device. The first of those important things to know is that this is an experimental service that is not yet available on all browsers or devices. In other words, you won’t be able to wager any real cash just yet. As this service becomes more widely available and offered to the public the value of this addition to the gaming community will become increasingly clear. However, it is important to understand that this is still a form of gambling and should be treated as such.
The second thing to understand is that BitStarz offers a free account and a free software download. You do have access to all of the features of a fully featured casino but the fact that there is no monetary value attached to BitStarz makes it not provably fair like other live betting exchanges. While it is true that a lot of people have been saying that it is not a fair game, it is still a free to play service and it is the responsibility of each individual to learn his or her responsibilities as a user of the cloud. As a gambling exchange the main goal is to ensure that everyone has an opportunity to make a profit but this goal does not change if someone chooses to ignore the regulations. For instance, if you place a bet that you feel you are likely to win and your chances are not great then you should wait until you know that you will have a chance to recoup your losses before making your final judgment.