Bitcoin Online Casinos

Cryptocurrency Bitcoin is a type of digital currency that is growing in popularity every year. The goal of creating most cryptocurrencies, including Bitcoin, was quite simple: to create a fast and secure means of payment that is not regulated by the financial apparatus (banks) or any government agencies. Since the main intermediaries – banks – are eliminated from any transactions, Bitcoin transfers can be sent directly from the sender to the recipient. The second important point of Bitcoin is that data is not stored centrally, as, for example, in a bank. Due to the decentralized data storage on the Bitcoin network, it is impossible to lose money, which makes Bitcoin extremely secure.

Bitcoin as a payment method in online casinos

Bitcoin is a simple and fast payment method, especially through a mobile application. But before you can deposit Bitcoin into your casino account, you need to buy some bitcoin from bitcoin exchanges.

For this you need:

1.Register on your chosen virtual Bitcoin wallet. The most popular Bitcoin wallets : Bither, Armory, Blockchain, mSIGNA, Bitcoin Wallet, Coinbase, BitGo, Strongcoin, Bitcoin Core and many others.

A Bitcoin wallet is a virtual wallet similar to e-wallets that stores your Bitcoin and other cryptocurrencies. With a wallet, you can buy, sell, transfer, and receive cryptocurrencies. The unique address of your wallet allows you to securely conduct transactions online, including in the casino.

2.Once you have opened your Bitcoin wallet account, the next step is to deposit traditional currency and buy Bitcoin . You can fund your Bitcoin wallet with a debit or credit card, or directly by linking your bank account to your Bitcoin wallet. All of these methods work in the same way, so just choose the one that suits you best. Some Bitcoin wallets also allow you to fund your account with PayPal or other payment methods.

Benefits of Bitcoin

– Security: The blockchain technology that Bitcoin uses ensures the security of payments. Due to the decentralized data storage on the Bitcoin network, it is impossible to lose money, which makes Bitcoin extremely secure.

– Anonymity: Bitcoins allow you to make deposits and withdrawals anonymously, and therefore you can play at the casino without revealing your identity. There is no need to deal with banks and provide any personal or financial information, just enter your wallet code from Latin letters and numbers.

– No Fees : Bitcoin casino sites do not charge additional fees for Bitcoin transactions. This means more money to play with.

– Bitcoin wallets exist as mobile applications , which makes transactions convenient, fast and possible anytime, anywhere.

– Speed: Transactions are completed within minutes

Disadvantages of Bitcoin

– Still relatively new and the currency is offered by a limited number of casinos, although their number is growing

– Constant price fluctuations . On some days during the high season, the rate can gain and lose three to four figures.

– Bitcoin can be difficult to understand for those who have never used it before

How to fund your casino account with Bitcoin

Once you have funded your Bitcoin wallet, you will be ready to deposit at an online casino . This deposit and withdrawal method is very simple and quite straightforward. All you have to do is:

  • Choose a verified Bitcoin casino from our list
  • Register and go through the verification procedure
  • Open the casino deposits page in the “Cashier” section, and select the Bitcoin option.
  • A unique web address (public key) for your casino account will appear on the screen.
  • Go to your Bitcoin wallet and enter this casino account address in the tab to send Bitcoin.
  • Enter the desired deposit amount and confirm the transaction.

Leave a Reply

Your email address will not be published. Required fields are marked *