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Online gambling legislation and regulation. Starting your own gambling product.

Online gambling legislation and regulation. Starting your own gambling product.

Mobile gambling
If you plan to develop an app with the ability to deposit and withdraw real money, then such a product automatically falls into the category of gambling and you will need to license your business for successful operation.
Mobile and Web Based Apps
So let’s talk about the different kinds of online gambling apps available on web and mobile. We’ll be covering both free-play gaming apps and real money casino app games you can find for iOS, Android devices and web browsers.
Mobile gambling is more common for poker, casino, bingo, and skill games. They have advantages in terms of a low barrier to enter the market, instant liquidity, product knowledge, and marketing expertise, minimal infrastructure costs, and the ability to bring a brand to the market quickly. Consequently, this form of gambling does not sit neatly with jurisdictional boundaries. Multiple gambling opportunities are available, including betting on various events and markets, in a relatively simple format. Gambling products can also be integrated into betting on television shows or virtual racing and sports games as well as offering lotteries, bingo, poker and casino games.
Most Popular Gambling Apps
Sports betting, casino, poker and lotteries are the most popular forms of online gambling. However, other forms are available too. These include the following: Bingo, slot machines, different card games, roulette and other game of chance. One of the best things about online gambling and betting apps is the number of choices you have.

Sports Betting

Betting means making or accepting a bet on the outcome of a race, competition, or other event or process, the likelihood of anything occurring or not occurring, or whether anything is or is not true. Today most sports betting is done via mobile-friendly sites and apps.
Today most sports betting is done via mobile-friendly sites and apps.
The introduction of live betting for sports like soccer and tennis means that bettors who are sitting inside stadiums watching games can now pick up their mobile devices and find real-time betting value with the best sports gambling apps. This has really unlocked a door to the future of sports gambling and the popularity of online gambling apps.

Poker

Many sites offer free poker, where no real money is wagered, although in some cases players can accumulate credits that can be exchanged for prizes. This is the case why people are going to play for real money. There is an ongoing debate over whether poker should be classified as a game of chance or skill. The parameters of legal poker playing are still unclear and differ between jurisdictions. Since you are not gambling with money, I’m pretty sure under the law it’s just a video game for now.

Blackjack

Blackjack is the game of choice to many high-rollers and do you know why? Because blackjack is a challenging, logic and skill-based game where your thinking, strategy, and calculations determine the outcome of the game.

Bingo

Bingo is one of the most popular and socially accepted games in the world. Bingo is a traditional form of gambling that has seen considerable innovation in recent years. It is also the only form of gambling recognized in the Gambling Act that does not have a specific statutory definition, the Act providing simply that “bingo” means “any version of that game, irrespective of by what name it is described”. Bingo must be played as an equal chance game. For game to be classed as “bingo” it must meet the Act’s definition of “equal chance gaming” (as opposed to casino gaming). Thus, it: must not involve playing or staking against a bank, and must be a game in which the chances are equally favorable to all participants in the sense that each ticket or chance has the same probability of success as any other.
Licensed bingo is a well-regulated and socially responsible form of gambling that takes place in a safe environment. Many sites offer multiple forms of bingo with different features, types of games, and costs of play. These sites often cater specifically for women and some research suggests that they may appeal to markets who would not typically engage in traditional forms of gambling.

Slots

Slot machine is one of the most beloved game among the gambling community and it has been a part of the industry for a long time. They provide fun and entertainment and their simplicity allows gamers to start playing at once. This can play out in different ways depending on the machine you’re playing. For instance, there’s Pick a Fortune, a five-reel, 20 line game that puts players right in the studio of a television game show, including the potential to play a Deal or No Deal-style bonus round. A super trend over the past few years is mobile-friendly slot games. These apps and websites were developed to enable players to enjoy their favorite games on their smartphones at any time. Another dominant slot trend is licensed branded slots that are based on popular movies, television, and musicians.
Virtual Money vs Real Money
Let’s find out the difference between social gambling and real money gambling, as well as the differences between gambling through apps and gambling through a web browser. It can be quite confusing trawling through all the casinos, slots, and lotteries available, both through your mobile web browser as well as through mobile app stores, in the form of downloadable apps.

Virtual money

The main difference between virtual money and real money gambling is that the in-game virtual currency in social games and gambling-type games is used only like credits that are not paid out as winnings or anything given to player in cash, making these games exempt from gambling regulations.
Virtual money is loaded on user game accounts via in-app purchases in mobile applications or the game balance funding from a card via web based applications.

Real money gambling

Real money gambling via your mobile device is only allowed in countries where laws have been passed that allow for this type of gambling online, or there are no laws in place that prevent it. The payment systems are the legal way of services payment in the gambling app, performing as the intermediary between the gambling facility and the client. With their help, users replenish deposits and withdraw funds to personal accounts in financial institutions. If the application uses the payment system of a well-known brand, that gives players additional confidence in the resource. Nowadays, there is a wide range of payment systems, some of which operate all over the world, other systems are oriented towards the citizens of one or several countries. A number of services accept money of different world currencies, while others allow currency transactions of one state only.
What is an Online Gambling Licensing
The internet has a global audience, there’s no single piece of legislation that covers the legality of online gambling for the entire world. Mobile gambling doesn’t typically accept customers from every single country in the world. It often focuses on certain specific regions.
Instead, most countries have their own local laws that deal with the relevant legal and regulatory issues.
Ultimately, questions of legality all go back to the location of the casino or where the website operates out of. In closed regulatory systems, such as Italy, France, and the Netherlands, licenses, and advertising rights are limited to domestic providers, which must be located within their country’s geographical boundaries and these are only permitted to offer some types of products. Some jurisdictions, for example, Norway, Sweden, and Canada legalize and regulate online gambling, but this is limited to a single site that is owned by the government. Under such an approach, the government becomes the operator and regulator and all revenues are returned to the government.
Remote gambling is generally permitted. That means that an operator that is licensed may provide gambling services to citizens in the country via all forms of remote communication (and using equipment that may be located in the country or abroad). Equally, a remote operator may be licensed to offer gambling services to citizens in any jurisdiction in the world using equipment located in the country. The law provides that, for each type of gambling (betting, gaming, and participating in a lottery), there will be two forms of license available: remote and non-remote forms (land-based). If you provide facilities for remote gambling, online or through other means, and advertise to consumers you will need a license from the licensing jurisdictions or local licensing authorities. Before an online gambling site signs up its first customer, before it accepts its first bet before the first card is dealt, it must be licensed by a recognized governmental entity.
Certain regions in the world have specific legislation in place that allows them to license and regulate companies that operate online gambling sites or provide industry services (such as the supply of gaming software). These regions are referred to as online gambling jurisdictions or licensing jurisdictions.
Depending on what type of entertainment you are going to implement in your internet establishment, you will have to apply for the corresponding permissions. Online gambling laws in Europe vary from one country to the next. The industry is well regulated in some countries and less so in others. There are several online gambling jurisdictions located in Europe. Some of these are members of the European Union (EU), and thus subject to the various rules and regulations of that body, while others are independent. Each of these jurisdictions has an authority that’s responsible for approving gambling sites for licenses that enable them to offer their services legally. They also regulate their licensees.
Countries that Provide Gambling Licensing
Today there are lots of licensing jurisdictions located all over the world and offering different terms for their customers. Depending on the country, licenses can be local, international (distributed in several countries), have a different set of documents for registration, costs of registration and further support, various operating conditions and other special details.

Which gambling license is both internationally recognized?

The government of Ireland offers casino operators, software, and service providers in the gambling industry, with a gambling license that allows gambling operators to conduct business related to casino, lotto, and other gaming-related activities. Ireland Gambling License is one of the most popular license for online casinos worldwide. Ireland has long been recognized as one of the preferred locations for Online Gambling operators to base their operations. This success has been due to a combination of factors, such as a progressive legislative system, political stability, first-rate telecommunications facilities, and a well established financial services industry. A wide range of gambling sites operates out of Ireland including sports betting, casino sites, poker, bingo, and more.
In stark contrast, the UK is the largest regulated market for online gambling in the world, and corporations are already comfortable exploiting the intersections of gambling and gaming, betting in-play, social gaming, Bitcoin, financial trading and spread betting, betting exchanges, e-sports and, most profitably, mobile gambling. 40% and 60% of online gambling in the UK took place in Gibraltar.

International licensing

Europe is home to the following online gambling jurisdictions: Alderney, Gibraltar, Isle of Man, Malta. Malta is currently the country that is most accommodating to gambling companies, and the license offers whitelisted online gambling in sports and casino games in many European territories. But takes an extreme amount of time in paperwork and background checks. Also, you pay 5% of all your gross profit to the EU.
Among countries offering gambling licensing services, the attention should be paid to Curaçao jurisdiction, which is considered to be one of the most promising for the online gaming business.
Curaçao Internet Gaming Association (also known as Curaçao eGaming) is both a regulator and a licensor, and its licensing works worldwide except Curaçao itself, USA, France and Netherlands. Using Curacao as an example, let us examine in detail the process of obtaining a license, the necessary documents and expenses.
How to get a License on Curaçao
  • Documents necessary for company registration:
  • criminal record;
  • passport scans;
  • bank account confirmation;
  • documents proving payments for utility services.
After the company is registered, an operator can apply for the license providing the following documents:
  • a document certifying the right of domain possession;
  • description of games planned to be used in the project;
  • a list indicating countries of potential operation;
  • illustration of server locations to be used in the project;
  • a copy of the agreement with a software provider.
Gambling license cost:
  • Bank account opening $1000
  • Company registration $3600
  • Company management per year $3600
  • Application processing fee $1000
  • License fee per year $4800
  • Equipment/software fee starting from $1500
  • Server maintenance per year $6000
Apart from that pay for technical support and maintenance every year. The entire license issuing process takes between 2-4 weeks. Curacao Internet Gaming Association (CIGA) also has the power to review a license and, if it finds that an operator has breached a license condition, has the power to impose a range of sanctions including revocation of the license.
Apple and Google Gambling Rules
You’ll be surprised at the limited number of real money gambling app options available on the AppStore and Google Play Store. Most real money casino gaming is done through gambler’s mobile web browsers and not through mobile gambling apps that you’ll find for iPhone and Android phones. Apple allows online gambling applications in a few forms, and not just in places where it is explicitly permitted. They do not allow any payments through the applications – those have to be done on the websites. Apple has far stricter developer guidelines for iOS apps than Google does for Android apps, so it’s fine to assume that whatever you choose to download from iTunes is usually safe, secure, and meets a certain standard.
Any real money casino in the iTunes app is required to have proper licensing and permissions before Apple will approve the app for use or downloads. While Google Play is technically regulated, it is much more loose in what can be hosted.

Apple Store

Gambling, gaming, and lotteries can be tricky to manage and tend to be one of the most-regulated offerings on the App Store. Apple has rules for apps that support real money wagering, including sports betting and poker. Those apps and lotteries must have necessary licensing and permissions in the locations where the App is used, must be geo-restricted to those locations, and must be free on the App Store, and Apple rate even simulated gambling apps as appropriate only for users 17-years-old and up.

Play Store

Google keeps the reigns tight. To be able to successfully upload apps to the Google Play store, developers need to have a valid license for the specific countries they are targeting and comply with their regulations. The app must be free to download and must prevent under-age users from gambling in the app. As a final precaution, all gambling apps are required to display prominent information regarding responsible gambling practices. This brings its policy in line with the Apple App Store.
Countries where gambling is illegal
It is also important to remember that while gambling is growing rapidly in many places, in others it is totally or partially prohibited. As well as in the majority of the US, sports betting is illegal in India, Pakistan, and China, three of the largest gambling markets in the world. Most countries have rules against gambling. Almost all Islamic countries prohibit gambling of every kind, but many turn a blind eye to online gambling or simply do not have regulations in place for this grey area.
In the United Arab Emirates, however, any kind of gambling is prosecuted. National lotteries are the only legal forms of wagering on the Asian country’s mainland. Cambodia, North Korea strictly forbids online and offline gambling amongst its own citizens but allows tourists to participate in these activities.
Qatar is the strictest country of all when it comes to gambling laws. All forms of gambling activities are considered illegal, and even sports betting is not permissible.
Starting your own gambling product
Numerous online casino platforms in the market offer fantastic casino games like bingo, poker, roulette, and many more.
If you have an idea, but don’t know where to start, we advise you begin with a Minimal Viable Product (MVP) to pilot your proof of concept for investors. MVP spotlights your core features and lets your investors know there are bigger and better things to come.
For MVP you do not need a large team, just a few people are enough to create a fully functioning prototype. In the case of successful numbers of your prototype, the further development of a full-fledged product will require more team, resources and time, however you will be sure that your development and your costs will pay off.
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Online Casino Review: Raging Bull Slots

By Ryan Dennet for DirectoryOfSlots.com
Raging Bull Online Casino Review:
Raging Bull Casino is one of the bigger players in the business, boasting over 200 Online Casino Games from Real Time Gaming including online Video Slots, Classic Slots, Blackjack, Roulette, Video Poker, Keno and more available on desktop and a solid mobile casino platform. Established just yesterday, in 2014, players have taken to this online Casino by the thousands.
The welcome bonus on offer is a generous 200% match with only a 5x playthrough requirement and no maximum cash-out. Further promotions are sent out by email, so make sure to check your junk folder if you aren’t receiving promos.
Deposit options at the USA friendly Raging Bull Casino include Bitcoin, VISA and MasterCard; and Neosurf for those playing from Australia...see more

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Follow-up about the guy that was owed 330 btc on CloudBet

TL;DR:- I have been following this case closely because I was curious about it and finally it's resolved! The guy is from the US. And for the record speaks PERFECT English, lol. When CloudBet asked him for his ID, he got scared and tried to manipulate the situation to hide the fact that he is breaking the Terms of Service, so he ended up sending a fake ID of someone from the Philippines in fear of not getting paid out. Eventually, he admitted his mistake, sent in his real ID, then got paid the entire 330 btc, which was not only his initial deposit(s), but also his winnings. I guess CloudBet paid both instead of voiding all his bets like they usually do in such cases because the case went viral, kind of? I am not sure, but they also signed a message from a wallet that holds 1157 btc so they are definitely trying to prove something to the community here.
Hi all,
There has been some discontent in the forums and we would like to take this opportunity to clear a few issues up.
Firstly, please be reminded that Cloudbet does NOT accept any USA players.
USA players are blocked from registering accounts, and are blocked from making bets. If any player from USA attempts to make an account, they see a message saying USA players are prohibited and are not able to sign up.
To reiterate, players from USA are NOT allowed on Cloudbet.
If we have strong reason to believe that a player has deliberately and willingly circumvented our terms of service by connecting from USA (or another restricted territory), we freeze their account while we conduct an investigation, and ask the player to provide documentation on their residency. Please note that this is only when we strongly suspect that a player has connected from USA, ie, there is specific evidence to suggest this.
In most cases, the player is cooperative and provides us with accurate documentation about their account and residency. If they are a USA resident, we close their account permanently, and return their account balance. This has been the case with several vocal users in the forum. Sometimes this can take some time, as every case is slightly different, but is always resolved eventually provided the player furnishes us with accurate information.
If they are connecting from a non-restricted country, we reopen their account and they can resume using their account without limitation.
Please note that in all cases where the player has cooperated, they have received their entire account balance, and had their accounts closed only if they were connecting from a prohibited jurisdiction (or there was a separate unrelated issue). If any forum members in this situation would come forward and confirm receipt of their account balances in full, this would be appreciated.
However - on rare occasions, the player is NOT cooperative and provides us with deliberately falsified or fraudulent information. In these cases, our investigations are significantly more complicated and time consuming.
There is one specific case that has received a lot of attention from the community - Swofty - as the dollar amount is particularly large. Here is our comment on the case:
As we have a duty of privacy to all of our players, we are limited in what we can share. The player may have shared some details, but we are not able to share any specifics or personal data. That said, we can share definitively that the player has knowingly and deliberately provided untruthful, falsified and fraudulent information to both Cloudbet and the community. The account holder is NOT the person that he/she states it is, nor are they in the location they state. The player also knowingly and deliberately circumvented our terms of service by connecting from a prohibited jurisdiction. The reason the player has not been paid yet is entirely to do with them circumventing our terms of service and providing falsified and fraudulent information, and nothing to do with our bitcoin liquidity (more on that below). As the customer provided us with definitively falsified information, we suggested they reach out to Curacao Egaming - with whom we hold a licence - for assistance. This is the correct escalation for any player issues. We intend to resolve this issue in a manner completely fair to everyone once we receive truthful and accurate information from the player. It appears as if the player is now cooperating, so we hope to have a resolution to this case soon.
We have been encouraged by the way the community has responded to rally behind the player and help hold Cloudbet accountable, however in this case the player has not been truthful with the community. We encourage the player to share a more accurate story.
Separately, concerns have been raised about Cloudbet's ability to service the player's withdrawal immediately. You needn’t be concerned - we hold enough funds to cover all of our player balances several times over, and we would never accept a bet that we could not pay in full immediately. We have been around since 2013 and have always celebrated our largest winners, and paid extremely promptly.
We would like to address this in the way requested by the community -- a signed message from a wallet that holds sufficient funds to cover any liabilities that may be due to this player.
We have signed a message from a wallet holding ~1157 BTC. All outputs spent to this wallet are from wallets that belong to us, and had not moved in over a year (we sent them to a single wallet for the purpose of this exercise) so they are not newly acquired coins. We would be happy to sign another message from any of the source wallets to prove ownership if required.
Wallet: 16vk7DahVgj4VsfKKdr1pG3QJ9FvzXpdJN Message: cloudbet.com // no USA players allowed Signature: HxO5QwkA/UNVePahBUzYgWL4Zz5syTC1H6/LeHICsvW0MYG9Q+PgOjNbzVXgXsLbadzFO2wLlz25nsbaXkeTXo4=
You can verify the above message in your bitcoin client, or by using the web interface here
I hope that addresses the community's immediate concerns. If anybody has any further questions or follow-up, please feel free to contact us directly via our support channels, or post a reply in this thread and we will do our best to address them in a timely manner.
Once more, to reiterate, Cloudbet does NOT accept USA players.
Thanks for your continued support, patience, and diligence.
The Cloudbet Team
Hello everyone,
Ronnie is correct in what he is saying, the delay is entirely my fault. I am from the USA and I didn't even worry about my location or withdrawing bitcoin until I got an email from them asking for my ID and things like that.
At that point, I got very scared. I went from really excited about my winnings to very, very scared I wouldn't get any. I have a good online friend in the Phillipines and I asked for help. I had him give his documents and ID that said the account was from the Phillipines. This was a mistake. As of right now, I have sent cloudbet my real credentials (ID, etc) to cloudbet and they know who I am. I want everyone, including cloudbet, to know that nothing I did was meant to manipulate or mislead cloudbet in anyway. All my wagers were made in good faith and I won them fair and square.
I should have been upfront about my situation from the start and this situation would have gone much more smoothly. I can also say that even though a resolution to this issue has not been come up with yet Ronnie is correct in saying we have recently been in touch and we are making progress on coming up with a solution. I have to say I am thankful for cloudbet being reasonable about my situation especially considering my misleading them about my location. I am very, very hopeful we will come to a conclusion soon. I will keep everybody here updated when this is all over.
Thanks for listening.
Swofty
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Bitstarz bonus code 2016 new player

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Bitcoin Casino as Alternative of CryptoCurrency Exchanes

Bitcoin casino is the best solution for additional profit No restriction to play for players from countries, where online casino is restricted.
Currently, with the development of cryptocurrency and great interest in this phenomenon has forced many companies to reconsider their views on the essence of bitcoin and successfully use the application as a means of payment. In this article we will talk about the possibilities of bitcoin for players in the casino. First almost anonymous means of payment to casino. Of particular interest bitcoin as deposit and withdrawals method will be interesting to players from countries, where there are restrictions on gambling. In particular, for players from USA, Netherlands, France, Estonia and so on. And for players who do not want to reflect your bills, credit cards transactions associated with online casinos. In particular income. American casino gamers who want to play at a casino, where there are accpet bitcoins, can easily be exchanged money from a credit card or Bank transfer to bitcoin coins on certain service. In this case, the user does not fall under the ban on participation in casino games, slots if make payment by bitcoin. And if any casino does not accept players from countries, where they are banned slot machines, roulette, poker, various sports betting, this bitcoin casino accept all players. Second benefit - bitcoin payments are fast and secure payments. As the basis of transaction bitcoin is a relatively high level of trust and security. For a player it is very comfortable. Casino, as a rule, if you pay by bitcoins do not require from the player a set of documents, verification. Because they trust bitcoin deposit. Another convenience is the fast payout of winnings. More details on http://casinoluckyhunter.com/bitcoin-casino.html
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Primedice no longer serving US customers

Friends,
Effective immediately Primedice will no longer accept deposits from visitors located within certain jurisdictions including the US. While Primedice is neither operated nor based in the USA, we've chosen to take proactive measures to mitigate long term risk for our users and service. The legal landscape is quickly shifting and we are choosing to completely block deposits from users located in what we've deemed as higher risk jurisdictions.
Primedice does not make use of US currency nor banking, and this block is not recognition that bitcoin gambling is illegal. This decision has been solely based off of discussions between Primedice and our legal counsel. I know this news will disappoint many of you, however we're strong believers in Bitcoin and are playing defensively to secure our long term position at the top of this rapidly growing industry. We're confident that every major online casino will accept Bitcoin within the next five years and we're determined to compete directly with them by continuing to create new disruptive experiences. We've been lucky enough to see the transformative power of Bitcoin with regards to gambling from a first hand perspective and are confident this is the right decision moving forward.
Thank You, Primedice Team
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A guide on bitcoin

A few people have asked me about how to buy bitcoin and how to use bitcoin. So I thought I'd write a quick guide on how to buy bitcoin and how to send bitcoin. At the end I give some bonus information on what bitcoin is and how it works. Bitcoin is best demonstrated rather than explained and most people just want to jump right in and get some to see for themselves, so I'll start this guide with how to buy some and how to send people money with it. Plus most people reading this might only be interested in sending their league dues.

BUYING BITCOIN

There are a number of ways to purchase bitcoin all of them relatively easy. I will recommend two of the most popular ways to buy bitcoin.
Coinbase Coinbase is probably the most popular exchange in the world. Coinbase is very easy to use and is probably the cheapest place to buy bitcoins. This is my recommended way to purchase bitcoins. You will need to connect your account to a US checking account via the ACH system.
Circle circle allows you to purchase bitcoin using a credit card or debit card. I haven't purchased through them, but I believe they require ID verification so it may take some time to setup. not too sure.
Libertyx Libertx is a very simple way to purchase bitcoins. You go to a Libertyx location and tell the cashier you are purchasing a libertyx pin. you give the cashier the amount you want in cash and they give you a receipt with a pin number. Enter that pin number in your account on libertyx and bitcoin is deposited to your account.
Localbitcoins Localbitcoins is probably the fastest way to purchase bitcoins. You can go to the website and find someone in your area that is selling bitcoins for cash. If you find someone you want to buy from, you open a trade with that person and plan to meet in a public place like starbucks. This method doesn't require you to link a bank account. This method will be a little more expensive than purchasing through an exchange like coinbase.
Find a bitcoin ATM Bitcoin ATM's are popping up around the country. Each of them work a little differently and any exchange fees are set by the owner. So how expensive they are depends on the one you are using. To use an ATM you deposit cash and bitcoins are deposited into your bitcoin wallet.

SENDING AND RECEIVING BITCOINS

Bitcoin Wallets A bitcoin wallet is used to store your bitcoin, send bitcoin, and receive bitcoin. You can think of it like as an email account. If you are using coinbase, Libertyx, or localbitcoins then you are already given a bitcoin wallet with your account. If you only plan to use bitcoin for the one purpose of sending your league dues, then this may be all you need and you won't need to bother having an additional app on your phone or computer (skip ahead to sending bitcoins). But, if you are interested in using bitcoins then you should look into what wallet applications are available. Bitcoin.org has a great guide on what wallets are available. Look over which ones are available for each platform. Here are my personal recommendations for each platform. * Android: Mycelium * iOS: greenaddress * Windows: greenaddress * Mac: Electrum
I haven't used android or mac, but have heard good things about mycelium and electrum. A note about some of these web wallets. Many of them will require users to protect their account with as much security as possible. This is because bitcoin is a lot like cash and you are responsible for keeping it safe. A strong password and other measures are important to keeping your bitcoins secure.
Send bitcoin Every wallet has a send feature. You should be able to find this feature by going to the "send bitcoin" tab someplace in your wallet. Sending bitcoin will always require two pieces of information: 1) Who are you sending it to? Every wallet has a bitcoin address that can be shared with other people to receive payments. If you are sending someone bitcoin you must ask for their bitcoin address to send to. For example my bitcoin address is: 3Epf4PDbu3yMQbJDNzbfQDwnFfzufovVvd . I can share this address with anyone in the world and they can send money to it. Since the address is very long and hard to type out, a QR code is usually associated with it so that smartphones can scan the code for easier input. Here is the associated QR code with that address. This payment address is where you can send bitcoins as payment for the league dues.
2) How much are you sending? The amount in bitcoins you send depends on the exchange rate you are using. If you are only using bitcoin to send your buy in price, then you just need to send the amount you just purchased. Many applications have built in conversion calculators. You can enter in the amount in dollars and it will convert it automatically to the amount in bitcoins you need to send. To see live conversion rates you can use a website to view various market rates. A couple popular ones are bitcoinaverage and tradeblock. Bitcoin average provides a volume weighted average price of bitcoin across multiple exchanges. Tradeblock gives live rates across multiple exchanges. You can see the prices of each online exchange changing in the top right corner of the page. For example: at the time of this writing bitcoin is trading at $282.14 per bitcoin on coinbase. If you were to send $20 using this exchange rate, you would send 0.071 bitcoins.
Receive bitcoin If you are only reading this to send your buy in fee then you don't need to read further. If you're interested in learning more about bitcoin then you can continue reading. Receiving bitcoin is easier than sending bitcoin. All you need to do is give someone your receiving address. Every wallet has a receiving address. You can see the example of mine above. you will be able to find this in your web wallet.

BONUS INFORMATION ON HOW BITCOIN WORKS, WHY IT'S SO POPULAR, AND HOW YOU CAN MAKE MONEY

What is bitcoin? Andreas Antonopoulos explains bitcoin the best in his book Mastering Bitcoin.
Bitcoin is a collection of concepts and technologies that form the basis of a digital money ecosystem. Units of currency called bitcoins are used to store and transmit value among participants in the bitcoin network. Bitcoin users communicate with each other using the bitcoin protocol primarily via the Internet, although other transport networks can also be used. The bitcoin protocol stack, available as open source software, can be run on a wide range of computing devices, including laptops and smart phones, making the technology easily accessible.
Unlike traditional currencies, bitcoins are entirely virtual. There are no physical coins, or even digital coins per se. The coins are implied in transactions that transfer value from sender to recipient. Users of bitcoin own keys that allow them to prove ownership of transactions in the bitcoin network, unlocking the value to spend it and transfer it to a new recipient. Those keys are often stored in a digital wallet on each user’s computer. Possession of the key that unlocks a transaction is the only prerequisite to spending bitcoins, putting the control entirely in the hands of each user.
Bitcoin is a distributed, peer-to-peer system. As such, there is no central server or point of control. Bitcoins are created through a process called “mining,” which involves looking for a solution to a difficult problem. Any participant in the bitcoin network (i.e., any device running the full bitcoin protocol stack) may operate as a miner, using their computer’s processing power to attempt to find solutions to this problem. Every 10 minutes on average, a new solution is found by someone who then is able to validate the transactions of the past 10 minutes and is rewarded with brand new bitcoins. Essentially, bitcoin mining decentralizes the currency-issuance and clearing functions of a central bank and replaces the need for any central bank with this global competition.
Why is it so popular? and Why does it have value? These can be hard questions to answer. Bitcoin has advantages over traditional currencies. First thing to understand is that bitcoin is not a currency it's merely a transfer of value written on a public ledger. Currency is just the first application of bitcoin. Bitcoin is like the internet of money, a network for propagating value and securing the ownership of digital assets via distributed computation. There is a lot more to bitcoin than first meets the eye. Here are a few important qualities that make bitcoin popular and gives it value to people:
How you can make money with bitcoin It's very easy to make money with bitcoin just by sitting at your computer doing nothing. I will list a few methods here:
1) Sell bitcoins on localbitcoins If you have cheap access to bitcoins on coinbase then you can sell bitcoins for cash at a profit. Simply create an advertisement to locally sell bitcoins on localbitcoins and set your price 5% above coinbase. When someone contacts you through the website, you buy their bitcoins on coinbase and then sell it to them for 5% higher than you just bought it for. This sounds ridiculous, but people are willing to pay 5% more to skip setting up a coinbase account and purchasing on localbitcoins. If you are interested in doing this you can read my advertisement.
2) Sell bitcoins for amazon gift cards People are willing to pay a lot more money for the convenience of buying bitcoins with gift cards. You can sell your bitcoins online for amazon gift cards on paxful.com or localbitcoins.com. I have sold my bitcoins at up to 50% markup on paxful.com.
3) Save money using bitcoins to buy stuff on amazon and starbucks Yes! That's correct! you can actually use bitcoins to buy stuff on amazon and starbucks. The website https://purse.io/ lets you purchase stuff on amazon using bitcoin. You create a wishlist on amazon, paste your wishlist on purse.io and send bitcoins to the wallet they give you. You can save up to 15-20% pretty easily using this method. If you want to buy starbucks at a 5% discount you can use https://coffee.foldapp.com/.
4) Play the market You can also buy your bitcoins and hold on to them and try to sell them later at a higher price. The price of bitcoin can go up and down like a stock. You can also try to buy them on one exchange and sell them at another exchange at a higher price. This way of making money can be risky and not as profitable as the ones above.
5) Invest in startup companies Bitlendingclub lists startup companies and bitcoin traders that are asking for loans in bitcoin. You can find a user on that site and invest in their company. It's up to you to find someone trustworthy and who you which users have the best chance at being successful.
6) Gambling! There are several online casinos and betting agencies that accept bitcoin. cloudbet.com has an online casino and sports betting. Nitrogensports is the go to for online sports betting.
This is all I have for now. This should be more than enough to get started with. If you are interested in learning more or have questions you can contact me.
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1. The 6 Best Bitcoin Casinos Around #1 – Bitstarz. Bitstarz is undoubtedly the most popular Bitcoin casino out there. The casino is provably fair and regulated by the Curacao government. It offers around more than 2,000 high quality games, however it does not offer a sportsbook feature (where you can bet on popular sporting events). No deposit bonuses also come in the form of free money a player is given to wager at a casino. Players can claim a small amount, such as $15 or $20, to play with as they would like. Bitcoin casino faucets are also another popular form of no deposit bonus, allowing players to claim Bitcoin or other cryptocurrency in order to try out the casino, and maybe even get lucky. Best Bitcoin Casinos in the USA. Today many casino sites accept BTC as a trusted and preferred payment method. The security, low costs, and anonymity make this the perfect banking option at many online casinos. Also, there’s no risk of charge-backs because the transaction cannot be reversed. Top Online BTC Casinos for USA Players No Deposit Bitcoin Casinos for 2020. A few years ago it was relatively difficult for one to find a reliable online casino that accepted Bitcoin because the crypto-currency was new in the market and there was a lot of controversy and risk surrounding Bitcoin. Bitcoin casinos are identical to regular online casinos except they offer Bitcoin as either their sole currency or alongside regular currencies like dollars, euros, pounds and others. Which Bitcoin Games Can I Play With No Deposit Bonuses or Free Spins? For the most part, you can play only slots with bitcoin no deposit bonuses.

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