Bitcoin is a digital currency that is not controlled or backed by any bank or government. The currency is stored digitally and has no physical form. It is also decentralized in the sense that not one person or entity holds control over the network (Peer-to-Peer or P2P network) on which the coins are transferred. Bitcoins are stored in a software program called a "digital wallet".
Once you have installed a Bitcoin Wallet on your mobile or pc, it will generate a Bitcoin address. Your Bitcoin wallet basically acts as a bank account by which you can then make and receive payments from other Bitcoin address holders. It works almost similar to email, except you should only use a Bitcoin address once. You can create more Bitcoin wallets as and when you need them.
Bitcoin is considered to be one of the best ways to fund your online casino account - it’s cheap, fast, and anonymous. No wonder it's being called the currency of the future!