Australian casinos that accept bitcoin
Bitcoin casinos are digital currency and a new trend in casino industry where you can make a deposit and even withdraw with Bitcoins. Most of the online casinos have now Bitcoins on their list of banking options making it easier for Australian players to enjoy real money pokies machines. Players like to use this new payment mode because it’s instant, secure and anonymous. Also Aussies love this cryptocurrency payment mode if they want to play at offshore online casinos without AUD deposits. This means you do not have to spend too much time fiddling with your bank accounts, or worrying for safety of your online transactions or for your privacy. It’s simple, quick and reliable.
What are Bitcoins?
Bitcoin is simply a decentralized crypto currency and is coined decentralized owning to the fact that it is not controlled by any financial institution, government or even backed by any bank. This purely digital currency thus have no notes or coins that can be used exclusively in online transactions. In this monetary system encryption is used to secure transactions and keep your transactions anonymous.
Is it legal for Australian players to use Bitcoins at online casinos?
In December 2013, the governor of the Reserve Bank of Australia (RBA) indicated in an interview about bitcoin legality stating, “There would be nothing to stop people in this country deciding to transact in some other currency in a shop if they wanted to. There’s no law against that, so we do have competing currencies.” Australia has officially confirmed it will treat bitcoin “just like money” on 1 July 2017 and it will no longer be subject to double taxation
Also the research, carried out by Bitcoin.com.au, shows millennials are adapting to bitcoin, the peer-to-peer (P2P) digital currency, just like other systems of “collective commons” such as Uber and Netflix, which provide greater savings and efficiency to customers.
Recently Brisbane Airport become the planet’s first aviation hub to accept Bitcoin – as well as a selection of other virtual currencies, including Dash, Steem, Litecoin and Ethereum – after signing an agreement with tourism company TravelbyBit Australia.
As there is no clear laws for Australians concerning betting at casinos, which allows players to indulge in the latest forms of betting at offshore casinos and this has proved to be an ideal setup for bettors who prefer to wager bitcoins on games.
This shows that if you are playing at offshore casinos with Bitcoins there is no harm in it. While the majority of the markets have existing gambling laws, policies that regulate Bitcoin are yet to be drafted. This serves both as a blessing in disguise and hurdle since a concrete structure that delimits the use of Bitcoin is still not in place.