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FAQ's
What is Bitcoin?
Bitcoin (BTC) is the world’s first digital currency and a decentralized technology that operates on a peer-to-peer (P2P) network. It was created in 2009, and does not depend on any government or banking system. Bitcoin transactions are recorded on a public digital ledger known as the blockchain.
Is Bitcoin Legal in Hong Kong?
Yes, Bitcoin is legal in Hong Kong and has been regulated since 2014. The Hong Kong government does not view Bitcoin as legal tender but as a virtual asset. As of February 2020, budget operators, futures contracts, currency exchange services and other Bitcoin-related services are all regulated activities in Hong Kong.
How Do I Use Bitcoin for Live Casinos in Hong Kong?
Using Bitcoin for live casino sites in Hong Kong is very easy. First, you need to acquire some Bitcoin by purchasing it on an exchange or from a seller. Then, you need to fund your Bitcoin wallet with the desired amount, by transferring Bitcoins from your exchange or the seller’s wallet to your own. After that, you can use the Bitcoin wallet to make a deposit and begin playing your favorite live casino games.
Can I Withdraw Bitcoin from Live Casinos in Hong Kong?
Yes, you can withdraw Bitcoin from live casinos in Hong Kong. However, it is important to check that the casino accepts Bitcoin for withdrawals before you make a deposit. When you’re ready to withdraw, you can enter your wallet address and the amount you wish to withdraw and the funds should arrive safely in your wallet within a few hours.
Is it Safe to Use Bitcoin for Live Casinos in Hong Kong?
Yes, using Bitcoin for live casinos in Hong Kong is very safe. As a decentralized digital currency, Bitcoin does not depend on any government or banking system, meaning that transactions are secure and cannot be changed or tampered with. Additionally, casinos that accept Bitcoin use advanced encryption technology to ensure that all customer information is kept secure.
Are There Any Fees for Using Bitcoin for Live Casinos in Hong Kong?
No, there are no additional fees for using Bitcoin for live casinos in Hong Kong. Bitcoin transactions involve a minimal fee which is typically around 1%. This fee is usually covered by the exchange or the seller, meaning that you will not be charged any additional fees when funding your wallet.
Is it Fast to Use Bitcoin for Live Casinos in Hong Kong?
Yes, using Bitcoin for live casinos in Hong Kong is very fast. Bitcoin transactions are usually processed within 10 minutes and are often confirmed in less than an hour. This makes Bitcoin a great choice for making quick and secure deposits and withdrawals.