Bitcoin & Cryptocurrency News
How To Know When To Cash Out?
Feb 24th, 2017,

mBitcasino Team

Knowing when to cash out is a matter that is solely about financial management. Most gaming enthusiasts, however, have a difficult time understanding this concept. Many a times, situations may call for you to cash out but due to unwillingness or failure to know what is expected, your continued play results into dire losses. So how do you know when to cash out? The following are some of the instances that may necessitate cashing out. 1. STRING OF LOSSES Usually, when at a table game or slots, many gamers resist the urge to hang up their boots even when things don’t seem to be going their way. They hold on to the false premise that things will work out and bring with them good tidings. What results is that gamers follow their losses to the last coin. You should understand that games don’t usually go as planned, and one is bound to lose at times. When you register a string of losses, you should reconsider your technique and perhaps take some time off to refresh and unwind. Most online casino machines have a random number generator that usually has various outcomes for different games. It is therefore important that you understand that the games are not pre-determined in nature. A gamer that enjoys a number of wins on a certain day may not enjoy the same fate tomorrow, and vice versa. The presence of a house edge also works in favor of the casino, thereby reducing the gamer’s chances.

Advantages And Disadvantages Of BTC Gambling
Feb 23rd, 2017,

mBitcasino Team

Despite Bitcoin being a novelty that revolutionized the way we live our daily lives, it still has its downsides. It should however be noted that the merits of this crypto currency far outweigh its cons. It is therefore important for individuals to know the limitations and strengths of this digital currency before embarking on usage. So what are the advantages and disadvantages of crypto currency in gambling? Let’s have a closer look.

Are Your Bitcoins Safe? A Quick Guide To Securing Your Crypto Coins
Feb 14th, 2017,

mBitcasino Team

Bitcoin, just like any other currency, requires to be kept in a secure place to avoid cases of loss through theft. The most preferred method is by use of a secured wallet.

What Is Provbably Fair And Why Should I Care?
Feb 9th, 2017,

mBitcasino Team

Provably fair refers to an algorithm that is used to ascertain the fairness of an outcome of a game in an online casino. This software provides an opportunity for analysis and verification by the gamer on the part of the service provider. Its self testing mechanism eliminates the need for you to rely on third parties for authentication and verification as you can proceed and conduct the checks yourself. Before the introduction of provably fair into gaming, online casinos had no mechanism by which gamers could countercheck against its service provider. This often resulted into conflicts between the establishments and the individuals it offered service to. The dissatisfaction and sense of unfulfillment that followed had far reaching implications on the industry in terms of revenue generation. The idea to have an open and transparent system that gives players the opportunity to check against the fairness of the systems was mooted by industry experts. The incorporation of provably fair in online casinos games has worked in favor of the industry by building confidence among stakeholders, as the perception that was initially held by gamers that outcomes were predetermined was quickly allayed. With provably fair, the outcomes are dependent on the input by the gambler of the secret code in his possession. The secret code isn’t static and therefore keeps changing with every game making it harder to breach or tamper with. The fact that this added feature comes at no cost is a plus since you don’t need any third party assistance for the verification process. To better understand provably fair, it is vital that you get to understand the concept of hashing.

5 Reasons To Use Max Bets In Slots
Feb 8th, 2017,

mBitcasino Team

Wagering huge sums of money may grant you more chances of winning. The benefits that come along with placing maximum bets on games are far much better than wagering with small amounts.

Why Do BTC Casinos Require Documentation?
Feb 4th, 2017,

mBitcasino Team

Proper documentation is an important aspect of any enterprise, and Bitcoin casinos are no exception. Licensing, permits, and trading certifications are just some of the prerequisite documents that are required for any crypto currency casino to set up shop. It is however important to state at the onset of this piece that gamers are not required to have any documentation to own crypto coin or participate in any crypto currency casino related activity like gaming. Documentation for gamers will negate one of the utmost features of crypto coin: anonymity. In this article, I set out to explain the importance of documentation and why it is vital for crypto coin casinos to have them.

How To Avoid Getting Scammed When Exchanging Bitcoins?
Feb 3rd, 2017,

mBitcasino Team

Since its inception in 2009, the crypto currency industry has grown in strides and bounds. Bitcoins have inarguably become the most popular digital currency across the globe. Due to this sudden popularity and growth rate, scammers are out to take advantage of vulnerabilities to defraud users of money. Scammers are out to get their hands on crypto currency by using unscrupulous methods. Whether you are a guru in the digital currency arena or a newbie learning the ropes, it is a good idea to safe guard yourself from scammers especially when doing exchanges. Below are simple ways on how to avoid getting scammed when exchanging this digital currency. Look for transparency and best practices Lack of transparency is the perfect recipe for mismanagement. It is important therefore to ensure that the exchange platform you choose handles exchanges in a transparent manner. Full disclosure is something that transparent companies practice. A transparent company will make it easy for a user to know its best practices. Look for proofs of solvency, well-displayed disclaimers and a list of affiliated service providers in the industry. If you cannot trace the owners of the exchange or even its developers, you are better off keeping away from it.

Choosing The Right Wallet
Feb 1st, 2017,

mBitcasino Team

Bitcoin has truly come a long way, and so have its complimentary innovations: wallets. With the ever-changing consumer preference, the basic needs that every client initially sought for when choosing a wallet have quickly been replaced by more specific wants. Convenience, high security levels, and privacy are among the factors that continue to push consumers to seek wallets that cater for their needs. The “one-size-fits-all” criteria is quickly losing face.

Step By Step Guide To Make BTC Paper Wallets
Jan 31st, 2017,

mBitcasino Team

A paper wallet is a document that contains public and private keys. In the event that you wish to perform a transaction, you will be required to scan the QR code displayed on the paper wallet and put the keys into a software wallet. The public key is used by other cryptocurrency owners to trace your wallet: more like an address. The private key, on the other hand, is what enables you to send currency to other people. The private key therefore should not be disclosed to other people since they can easily gain access to your currency. Paper wallets are a secure way to store your cryptocurrency, but it does have an upside and a downside too. Let us first have a quick look at some of the advantages and disadvantages associated with paper wallets.

Choosing The Right BTC Casino
Jan 28th, 2017,

mBitcasino Team

Since their inception, Bitcoin casinos have taken the world by storm. The rate at which new subscribers are signing up doesn’t seem to be slowing. One would be mistaken to regard it as a novelty owing to its popularity. The craze has resulted in many providers jumping in to provide this service, thus leading to the opening of numerous crypto coin casinos. But what does it take for a cryptocurrency casino to be considered right?