Bitcoin Casinos
If you haven’t heard of Bitcoin, then we’ll describe briefly what that name means. Bitcoin is the most famous cryptocurrency that you can use for online transactions within online shops and online casinos. It’s safe because it keeps your data on the Blockchain, and it offers super-fast transactions, too. In the paragraphs below, we’ll showcase how you can deposit with the crypto in your favorite online casino.
Depositing & Withdrawing with Bitcoin
Before depositing with Bitcoin, you must acquire the cryptocurrency first. The first thing to do is to have a crypto wallet to store it. Then, you’ll be given a wallet ID that is unique for every user. Once you have the wallet, you’ll have to buy your Bitcoins from an exchange and pay the stated rate.
Now, all you have to do is go to your online casino’s Cashier page and pick Bitcoin as a payment option. Then, transfer some money to the wallet ID. After this, the casino is aware of the transferred deposit, and you’ll soon have your funds in your casino balance.
If you’re still in doubt about whether you should use Bitcoin for casino transactions, we can tell you some pros of the crypto.
It’s anonymous, which means that no one can trace your transactions, and your bank info is kept private, thanks to the mighty Blockchain.
Bitcoin is also very safe since it doesn’t use any third parties for transactions with it. Bitcoin payments are direct and solely between the casino and the players.
Last but not least, there are no fees to be paid with Bitcoin, so you can save a bit of money when issuing transactions.
Aside from all pros, there is still one con to the BTC: its value changes constantly, so you never quite know what you’ll be able to withdraw when comparing it to fiat currencies.
Links
Official website: www.bitcoin.org
Wikipedia: en.wikipedia.org/wiki/Bitcoin
Questions and answers
Yes, you can use Bitcoin on mobile-adapted online casinos, so you can deposit with the crypto wherever you are.
Yes, Bitcoin deposits are instant, so you can immediately start playing your favorite casino games.
Bitcoin is safe and anonymous because all of your info is stored on the Blockchain, protected from everyone. There are no third parties when issuing transactions, too.
Bitcoin is accepted differently in different countries, so you have to check in with your casino and country's policy on cryptocurrencies.
Yes, Bitcoin is easy to acquire and then use with the help of your crypto wallet to make casino transactions. Even if you haven't used a cryptocurrency, you'll quickly learn how to.