An online casino named Vera John is the first major casino to take deposits in the bitcoin currency. The site, which is registered in Malta, started taking deposits from their customers recently, and is currently accepting deposits from many different countries. For customer convenience, all deposits are automatically converted into Euros, which is the current currency for Malta.
All play at the casino will be done in Euros. When customers want to withdraw their winnings, they will be paid in bitcoin. While there are a number of different casinos that work in bitcoin deposits, this one is unique in several ways. First, Vera & John is already an established gaming website that is adding the bitcoin option, rather than being a brand new site that attempts to lure customers based entirely on the bitcoin option.
Another important thing to be aware of is the way that Vera & John actually avoids bitcoin market risk. Because the casino immediately converts all bitcoins into Euros, the players are not actually playing in bitcoins, nor is the casino holding any bitcoins. This means that any market risk that would be associated with holding bitcoins is not a problem like it is in so many other casinos.
When a customer makes a deposit, they are immediately able to use any of the approximately 200 slots on the website. The software is very familiar to gamers who also play in land based casinos. Some of the software providers include IGT, Bally, and Nextgen Gaming. For such well respected and huge gaming companies to agree to allow their games to be used at an online casino, the casino must be extremely well established. Companies like IGT simply won’t work with brand new online casinos that may not represent their brand in the way that would be best for them.
One of the major advantages of the Vera & John website, in addition to the bitcoin play, is the fact that they are closely regulated by the Malta Lottery and Gaming Authority. This casino is held to strict regulations, just as a land based casino would be. This allows customers to feel confident about playing slot games and having fun online in a safe way!