SlotoCash online casino now offers Bitcoin Lightning as a quick, safe and efficient option for cybercurrency users to make casino deposits and withdraw winnings. With Bitcoin Lightning you can make off-chain transactions that take place as soon as you hit “go.”
Using Bitcoin Lightning ensures quick payments between the two channel participants, with no third party involved. The payment channel can remain open for as long as you wish and can be routed across multiple blockchains as long as the second blockchain can create a time lock and can support the original hash function for the hash lock.
About Lightning
The Lightning Network is the Bitcoin blockchain’s 2-layer solution to scalability. Thanks to its association with Bitcoin, it adds utility value as the chain’s peer-to-peer electronic cash system. Bitcoin has always lacked transaction throughputs and scalability which has created uncertainty as bitcoin grew into the most decentralized blockchain.
In addition, transaction times for bitcoin are uncertain – a bitcoin transaction can take place within minutes or it can place over the course of several hours.
Now, with a layer-2 solution, bitcoin offers better transaction throughputs which ensure a healthy application ecosystem and low transaction costs. The Lightning Network provides important features for cryptocurrency users including
- The ability to issue or mint assets.
- A data analytics tool that allows the user to organize the flow of funds.
- Quick transactions to on-chain bitcoin addresses and/or Lightning channels.
- The ability to manage liquidity needs efficiently.
Bitcoin Lightning at Slotocash Online Casino
SlotoCash Bitcoin Lightning is managed by the Munn wallet which facilitates the use of either the Lightning Network or standard Bitcoin blockchain for your casino deposits. Through Munn your transactions take place within minutes and there are no fees.
The Munn wallet, which is available for both iOS and Android users, is easy to use. Once your Munn account is created the Bitcoin Lighting Network will allow you to start sending bitcoins using the QR code scanner which will let you retrieve the receiver’s Bitcoin Lightning address.
Bitcoin Lightning Bonus
SlotoCash is excited to be offering the Bitcoin Lightning option which increases the efficiency and security of online casino transactions. The casino awards Bitcoin Lightning users with a series of bonuses that allow you to maximize your Bitcoin Lightning transactions and play more real money games for more time.
When you deposit between $10 and $50 and submit the “LIGHTNINGBTC-1” coupon code you’ll receive a 100% match bonus on your first Bitcoin Lightning deposit. On your second Bitcoin Lightning deposit you can submit the “LIGHTNINGBTC-2” coupon code for the chance to receive a $100 Loyalty Token to be used on any of the casino games. There’s a 20x rollover on both bonuses to give you up to $500 of extra casino cash on your Bitcoin Lightning deposits!
Things to Remember
When you start using Bitcoin Lightning for your casino deposits and withdrawals, there are a few things that you should keep in mind.
- To make a deposit with Bitcoin Lightning you must make a minimum deposit of $5.
- Maximum deposit made with Bitcoin Lightning is $50 per transaction.
- You can make as many deposits and withdrawals as you wish when using Bitcoin Lightning for your casino financial transactions.
Safety
Bitcoin Lightning is the newest tool in the effort to keep real money casino gambling safe and secure.
Bitcoin Lighting uses the Munn wallet which is protected with multi-signature. Your phone has 1 signature and the second signature is secured elsewhere. That means that your money is safe because without the two keys, even if someone hacks or steals your phone, they can’t access your money. As a non-custodial wallet, Munn keeps you in full control of your private keys and, thus, your money.
Bitcoin for Online Casino Gaming Fun
Use Bitcoin Lightning to play any of your favorite casino games. This online payment method facilitates transfer of funds to and from the casino for any of the casino’s slot machines, table games, specialty games or progressive jackpots. Bitcoin Lighting is accessible 24/7 so you can make deposits and withdraw payments at your convenience at any time of the day or night.
As a cold storage wallet, the Munn wallet allows you to make transfers regardless of whether you’re online or offline. Since the Munn wallet is a cold wallet, your private crypto keys are stored offline so you aren’t dependent on the Internet to send or accept funds.
So even if you’ve downloaded the casino software and are playing offline, you’ll be able to play for real money at any time and from any location. All of your casino bonuses will be applied to your account for a smooth and user-friendly gaming adventure of fun and excitement.
Click on “Bitcoin Lightning” as your preferred payment method today or contact the Slotocash casino support line at
