What are cryptocurrency & Bitcoins?

Cryptocurrency refers to digital or virtual currencies that utilize cryptography for security and operate independently of a central authority, such as a government or bank. The first cryptocurrency, Bitcoin, was created in 2008, introducing the concept of a decentralized digital currency based on blockchain technology.

Bitcoin facilitates peer-to-peer transactions without the need for intermediaries like banks, employing a distributed ledger to record all transactions. It is characterized by its decentralized nature, a limited supply capped at 21 million coins, and the transparency afforded by its blockchain technology.

In simple terms, cryptocurrencies can be likened to digital casino chips; they hold value within the digital realm and can:

  • Be exchanged for traditional currency
  • Be used for various payments
  • Be deposited into your Slotsandcasino account or withdrawn as needed.

Did you find what you were looking for?

Please contact one of our friendly support agents via Live Chat or Email for further assistance below.