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Bitcoin has many uses in today’s financial market.
Likewise, there are a few special casinos with different purposes when you are using BTC to play for real money.
From faster deposits to the best Bitcoin bonus offers, here are some of the top-rated platforms for different crypto casino purposes.
Bitcoin is one of the pioneers in the world of cryptocurrency. It is a currency network that allows safe and secure digital money transactions. Based on decentralized peer-to-peer payment technology, Bitcoin has no authority like a bank behind it. It is completely controlled and governed by its users. In essence, it is a cornerstone of modern cutting-edge online transactions as each one is completely secure and encrypted. Moreover, Bitcoin is available almost globally including markets such as the US, UK, Europe, Canada, etc.
Additionally, the neat thing about Bitcoin as a currency is that you can access it from anywhere. This means that you can use any mobile device and operating system to make Bitcoin casino deposits and withdrawals as long as you have access to the internet.
Now that you know a little bit about the background of Bitcoin we need to put this casino cryptocurrency to use. Let us take a detailed look at how you can use Bitcoin in online casinos.
First off, using Bitcoin casino deposits and withdrawals might be easier than you think if you have ever used e-wallets like PayPal or MuchBetter. This is because cryptocurrencies like Bitcoin usually use hosted crypto wallets that work similarly to e-wallet options. Since Bitcoin does not use a bank, hosted Bitcoin wallets are a safe and secure way of storing our crypto money.
Creating a hosted Bitcoin wallet is as easy as opening a PayPal account. You will essentially be using the Bitcoin wallet to deposit money from your credit card, as you usually would with e-wallets, and then convert it into Bitcoin from there. Simply use one of the popular options like Coinbase or Copay, or look for a Bitcoin wallet option that best suits you. Creating an account involves clicking on the Sign-Up or Register buttons that are usually on the top right. Then, you will proceed to input your information like:
Finally, once you read and agree to the terms of conditions of your specific Bitcoin wallet by checking the box during Sign-Up, you can deposit money into your Bitcoin wallet. Once you convert that money into Bitcoins you are ready to use them in any Bitcoin casino.
The first thing you will need to do after you create your Bitcoin wallet is to verify it. Depending on the wallet you chose this is usually done over email or better yet your phone. Phone verifications are almost always automatic so simply check your messages to make sure the process is finished. With verifications in place, the fun can start.
Now, to deposit Bitcoin in online casinos, firstly we need to make sure we have converted our money into Bitcoin or purchased it in our crypto wallet of choice. Then we need to visit our chosen Bitcoin online casino and do the following:
Bitcoin deposits are almost instant so you can now access your Bitcoin funds on your online casino. You can now start playing Bitcoin casino games for real money. Note that Bitcoin deposits are usually free of charge which is another benefit of digital currency.
Once you have earned some winnings you can use Bitcoin withdrawal to cash out your money. To withdraw funds, follow this guide:
As a digital currency, Bitcoin withdrawals are quite simple and take no time at all. Now you can use your Bitcoin wallet or various other methods to convert Bitcoins into your usual currency.
Since Bitcoin is a cryptocurrency utilizing the blockchain technology it does not have an official authority governing it. It is decentralized and therefore not an institution so there is no Bitcoin license. That being said, platforms that utilize Bitcoin still require a license to do so. A similar story goes for the location as well. Bitcoin does not have official headquarters to speak of. The website we included is purely for information and community exchange.
One of the biggest advantages of Bitcoin casinos is that deposits and withdrawals usually have no fees at all on transactions. Digital currencies like Bitcoin are the new age banking options that have free-of-charge, reliable, and safe transactions. However, you need to check and make sure whether your credit card bank or payment service provider charges additional fees for deposits to your Bitcoin wallet. Having said that, Bitcoin online casinos almost never apply any fees to your deposits and withdrawals.
Furthermore, on the topic of transaction time, Bitcoin payments reign supreme. This is the swiftest option you have in your transaction method repertoire. When using this cryptocurrency, the Bitcoin withdrawal times are night instant. Transactions can take a maximum of a few hours compared to days and even weeks of more traditional methods.
Bitcoin is one of the safest digital payment options you can find online. In place of a bank, you have reliable hosted Bitcoin wallets that take care of security and privacy for you. Each Bitcoin transaction is heavily encrypted using the public-private key technology. Instead of sending your information to various sites, Bitcoin wallets make a direct and hidden line to the online casino of your choice and back to you.
Furthermore, every transaction is 100% anonymous. With Bitcoin not having any third party or authority figure governing it, each deposit or withdrawal is fully private.
One arguable hurdle of Bitcoin is that it does not have an official company and customer support staff team governing it. Fret not however, even though there is no official website for this cryptocurrency, Bitcoin.com provides an excellent Bitcoin forum environment. This is where you can go and ask questions about any inquiries you might have and the long-time users of Bitcoin services can help you with anything you may need. This website is also where you can get additional information about Bitcoin like the latest news or value tracking.
In the case you select Bitcoin online casinos for your online gambling, there are plenty of crypto-based promotions and bonuses to find. Most Bitcoin-powered casinos offer special Bitcoin bonuses to their users in the form of welcome packages and special races and tournaments. Furthermore, Bitcoin online casinos offer Bitcoin deposit bonuses if you match appropriate wagering requirements first.
All in all, Bitcoins do not just have speed and security as their advantages but they are more convenient to use. This is especially true in places such as UK online casinos that no longer offer credit cards as deposit and withdrawal options. Additionally, check out our Casino Payment Options bonus guide for the latest Bitcoin casino bonuses.
7bit
Rating: 4/5No. of Payments
10+
Curacao
Instant up to 5 days
SlotVibe
Rating: 4/5No. of Payments
10+
Curacao
Instant up to 5 days
mBit
Rating: 4/5No. of Payments
10
Curacao
Instant
Bitcasino
Rating: 4/5No. of Payments
10
Curacao
Instant up to 7 days
Stake
Rating: 4/5No. of Payments
10+
Curacao
Instant up to 5 days
BitStarz
Rating: 4/5No. of Payments
25+
Curacao
Instant up to 5 days
Thunderpick
Rating: 4/5No. of Payments
7+
Curacao
Instant
22bet
Rating: 4/5No. of Payments
25+
Curacao
Instant up to 7 days
A Bitcoin casino is an online casino that allows players to make deposits and withdraw transactions using Bitcoins, as well as play Bitcoin-specific casino games.
While the value of this cryptocurrency is highly volatile, Bitcoin as a deposit and withdrawal option is highly secured and reliable due to its cutting-edge encryption technology.
Bitcoin is a safe and secure digital transaction option that allows direct conversions from crypto to fiat currencies. Therefore, you can transfer Bitcoins to bank accounts after converting them using your Bitcoin wallet.
No, Bitcoin does not have an official authority governing it, nor an official website. However, you can find a lot of information and news on Bitcoin over at the Bitcoin.org website.
Bitcoin is available worldwide and is fully legal and regulated in most global markets such as the UK, US, Europe, Canada, Australia, etc.