Become a Crypto Miner and Score at King Billy Casino

Chloe Wilson - EditorChloe Wilson - 22 March 2019 in Blog
Use Cryptocurrency Now

King Billy Casino offers players a special promotion for cryptocurrency users. The casino gives cryptocurrency depositors a special match deposit bonus once each week. As the casino notes: "We mine deep, and the result of our labor is here for you." If you want to experience one of the best AU internet casinos available, read on below now!

Cryptocurrency Match Deposit Bonus Offer at King Billy Casino

Make your profit soar when you deposit at King Billy Casino in cryptocurrency each week. Get a 51% match deposit bonus up to 51 mBTC.

Terms and Conditions of the cryptocurrency match deposit bonus offer:

  • Redeem this offer using the bonus coupon code MINE when you make your deposit at King Billy Casino.
  • Deposit a minimum of 10 mBTC in order to take advantage of this promotion. Other cryptocurrency minimum deposits are 100 mETH, 100 mBCH, and 1 mLTC.
  • The maximum bet is 0.25 mBTC for any spin or turn on a casino game. Maximum deposits in other cryptocurrencies are 10 mETH, 10 mBCH, and 100 mLTC.
  • Enjoy your additional funds and play your favorite casino games.
  • Play through your winnings in order to fulfill the 35x wagering requirement before withdrawal.
  • The promotional offer is valid once each week to one player or account holder in each household.
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What is Cryptocurrency?

Since technologies like Cryptocurrency can be fairly difficult to understand, here is a simple explanation.

  • A normal currency is a way to exchange funds for goods, which in turn can be turned back into funds. We assign a value to banknotes and coins, which become valuable. This is similar to the value associated with gold, silver, and precious stones.
  • Cryptography is a process whereby plain text is jumbled up into something unintelligible and then unjumbled on the other side. This is used to maintain confidentiality. It cannot be altered, and is authenticated between the receiver and sender.
  • Put cryptography and currency together, and you get cryptocurrency.
  • Cryptocurrency is a way to exchange something of value online in a safe and secure way. It is used in place of cash, checks, and credit cards. Cryptocurrency also skips out the middleman, which is usually a bank. The currency is earned by various actions, sales or purchases, and is then used to make purchases. One of the most famous cryptocurrencies is Bitcoin.
  • Funds are stored in your cryptocurrency wallet. Payments take place between your cryptocurrency wallet and the recipient.

Advantages of Playing in Cryptocurrencies at Online Casinos

There are advantages and disadvantages to everything. When it comes to playing with cryptocurrency at online casinos, there are many advantages. Here are a few:

  • Security and Privacy: When using cryptocurrencies, you use no personal information or banking information. The only information needed is your cryptocurrency username and cryptocurrency wallet address. Privacy is one of the biggest advantages of cryptocurrency both for online casino and other online transactions. User transactions are stored in something called a blockchain, which is a public ledger, however, your name is not associated with the blockchain.
  • Low Fees: Transaction fees for cryptocurrencies are either zero or very low. Since there are no banking institutions as middlemen, fees are kept low or are not needed at all. The cryptocurrency owners deduct a very small fee to maintain the blockchain in order to ensure smooth transactions for all.
  • Speedy Transactions: Since cryptocurrencies are run entirely online, transactions take place instantly. There are no intermediaries delaying transactions, however, there may be a short wait since transactions take place once the blockchain needs to finish processing the current block. This means that transactions can take anything from a few minutes to 24 hours. However, taking a whole day is unusual. It is likely to be between 10 minutes and a few hours. This is faster than using other forms of currency.
  • Value May Rise: All currencies go up and down. A currency such as Bitcoin grew radically since it first began. There is a chance that your Bitcoin currency will rise in value, giving you potentially more to spend.
  • Bonuses and Promotions: When it comes to cryptocurrencies, one of the most important advantages, other than privacy and security are bonuses and promotions. Casinos such as King Billy Casino offer players excellent promotional offers when using cryptocurrencies. The match deposit bonus above means that you get to play with more funds than you deposit. This gives you the chance to play more and potentially win more.

There are many advantages to using cryptocurrencies, however, there are also some disadvantages. Just as the value of a cryptocurrency can go up, it can go down. This is the same for any currencies that go through exchange rates. The reason for changes in the value of cryptocurrency is different to regular currency but it has the same effect. As with most casino bonus promotions, you need to fulfill wagering requirements before withdrawing your winnings.

Overall, playing at online and mobile casinos with cryptocurrencies appears to be an excellent choice.