Riding the waves of the future
The time of Bitcoin is coming…
Bitcoin is not entirely a new phenomenon although many people have yet to hear this word. It started as a cybernetic fantasy: anonymous programmer(s) set to create a new currency for the digital world. The idea was to make a currency that was controlled by no government or financial institution, a currency that had no physical form and existed only within computers!
Since its inception 8 years ago, it has traversed a long road of ups and downs, with many critics and disbelievers along the way. Today it is finally recognized as a real currency, and it is called: the first decentralized digital currency in the world.
So, what is Bitcoin?
A bitcoin is the unit of the digital currency. Just like $1 is a unit of value. A unit of Bitcoin changes value over time. It is regulated by the market. Over the last 12 months, a bitcoin has had a value between $500 and $1300.
In the beginning a Bitcoin had a very low value. In 2010 each bitcoin was worth only a few cents. It was in 2013 that its value started to rise and has been more or less stable ever since.
Some visionaries see this as humankind’s future currency. So having Bitcoin at these still early stages could be a great investment!
How do you get Bitcoin?
The traditional way to get bitcoins is through “mining”, a term used to describe how a computer solves algorithms (or math problems) through a Bitcoin mining software. But today, you can just buy Bitcoin at its market value, the same way you can buy Euros or UK Pounds using US dollars at an exchange office or site.
How do you use Bitcoin at Sloto’Cash?
It’s all very simple.
Open a wallet to buy, send and receive bitcoins. You can set up a free wallet at various sites such as www.coinbase.com or www.bitstamp.net. From there you can purchase Bitcoins that you can later send to Sloto’Cash.
- Once you have Bitcoins in your wallet, go to Sloto’Cash cashier.
- Click on the Bitcoin deposit option.
- You will receive a BITCOIN ADDRESS that you must copy.
- Log in to your Bitcoin wallet to initiate a ‘send’ payment. Paste the Bitcoin Address you got at the Sloto’Cash cashier in the address field.
- Once Sloto’Cash confirms the received payment (usually within seconds!), your account will be updated with fresh funds to play!
Bitcoin It’s fast and Secure
Bitcoin transactions are generally very fast. In worse cases it may take up to 1 hour to clear. Bitcoin transactions also don't require you to give up any secret information. Instead, they use two keys, and a private one. More info on our video tutorial
It’s cheap for deposits and withdrawals.
Bitcoin transaction fees are minimal, or in some cases free. We recommend these two wallets for your bitcoin transactions!
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Watch our Bitcoin tutorial
