How to Use Bitcoin and Other Cryptocurrencies at Online Casinos – A Comprehensive Guide to Crypto Deposits and Withdrawals

Using cryptocurrencies at casino sites offers a fast, convenient way to handle your gaming bankroll from anywhere in the world. It comes with a number of advantages, ranging from instant withdrawals with no fees to side-stepping country restrictions and other issues. You can find more information about cryptocurrency payments in casinos here.

Here, we’ll focus on learning how to use crypto in online casinos. We’ll cover the basic steps of what you need to gamble using crypto. We’ll also explain how to transfer your Bitcoin or other currency to a casino, and how crypto withdrawals in casinos work.

Setting Up a Crypto Wallet

Before you start to gamble using BTC and other crypto coins, you’ll need a place to store them. No, this can’t be the casino itself – you need something outside the betting site.

A crypto wallet is, in some ways, like your bank account. It’s where you store your money before using it to deposit to an online casino. Also, it’s where you’ll send the money when you want to make a withdrawal.

There are many different types of wallets out there with different benefits. If you just want to use Bitcoin to gamble online, you’ll probably want to use the simplest solution – a hosted wallet. Basically, this means that a third party is responsible for your funds. Think of it this way – depositing to a hosted wallet is like keeping your money in a bank instead of under your mattress. They are quick to access, convenient, and safe –the best option unless you have very specific needs.

Generally, hosted wallets are offered directly by cryptocurrency exchanges and markets. This makes them very convenient because you can exchange fiat money for Bitcoin or other cryptocurrencies on-site. You can then easily use them to fund your casino account instantly.

Setting up a crypto wallet is a simple process, but each provider has a different approach. As such, you should start by picking a wallet and registering. Here are some suggestions for the best crypto wallets for online gaming:

• Coinbase
• SafePal
• Exodus
• Trezor

You can do your research and pick the best option. Unless you’re planning to trade and speculate on the crypto market, though, the choice doesn’t really matter. Just pick the most convenient option for your needs.

Depositing Cryptocurrencies to an Online Casino

Although cryptocurrency casino payments have many benefits, they are slightly different from more traditional online payment services.

Not to worry – it’s nothing complicated. You just have to keep in mind that you will technically be making transfers between your wallet and the casino’s wallet.

So how do I deposit Bitcoin into a casino?

The first thing you’ll need to find is the address of the casino’s crypto wallet. Every crypto wallet has a unique number associated with it. The one you opened in the previous step does, and so does the casino. In fact, many casinos generate separate addresses for each individual user to make bookkeeping easier, but that’s beside the point.

Before we begin, open your crypto wallet in a separate tab or window. Make sure you have enough Bitcoin (or your chosen currency.) If you’re using a crypto wallet app, have it ready in your hand. Obviously, you can only make crypto payments online.

Here’s what you need to do.

1. Log in to your casino account and head over to the cashier page
2. Select the cryptocurrency you wish to use. Make sure the casino accepts payments in that currency in the first place
3. The casino will generate a crypto wallet address. Copy it.
4. Open your crypto wallet and navigate to the ‘payments’ page
5. Select the option to make a payment to an address
6. Paste the casino wallet’s address into the required field
7. Type in the amount of the cryptocurrency you wish to deposit
8. Confirm the payment and check your casino cashier

The funds should be immediately available to play with. Make sure to check the casino deposit limits, fees, and processing times before making any transactions.

How to Withdraw Crypto from Online Casinos

So your BTC arrived, you used it to bet, and now you want to collect your winnings. Good news – withdrawing crypto from a casino is just as easy as depositing, if not easier.

First of all, you’ll need to check your own crypto address. If you have a wallet, you have an address, so head back to your crypto wallet and find it.

It’s a sequence of 25-34 characters, mixing both numbers and letters. It’s probably displayed prominently as soon as you log into your wallet. Most refer to it as a “public crypto key.” Once you’ve found it, copy it and head back to the casino.

1. Open the casino cashier page
2. Head to the withdrawals section and pick your chosen currency
3. Type in the amount you wish to withdraw
4. Paste your crypto address into the field
5. Hit confirm and wait for the funds to arrive

Most Bitcoin casino withdrawals and crypto casino withdrawals, in general, are instant. However, some casinos require a day or two to process the payment. You can refer to our casino reviews to find out how long your casino takes to withdraw.

Closing Thoughts

As you can see, Bitcoin casino payments are incredibly easy once you’re familiar with how payments work. Better yet, most vendors of any kind use a similar system, so you can use the same process in other places.

The last bit of advice we can offer is to ensure you’re playing at a good crypto casino. Some suggestions for excellent online casino sites with cryptocurrencies include:

• BitStarz
• mBit Casino
• com
• 7Bit Casino
• Mr Play