Bitcoin: Online Casino Registration Guide
Bitcoin is a revolutionary payment method. It’s a cryptocurrency — the most popular one, in fact. It’s in demand for fast and secure peer-to-peer transactions and anonymity. Since bitcoins are sent directly from one user to another, there’s no need for intermediaries.
In the context of online casino gaming, Bitcoin is in great demand. There are many reasons for that, but anonymity may be the most prominent one. Namely, your personal information isn’t stored anywhere (it doesn’t show on your bank statements), which is a feature especially appreciated by online gaming fans.
There’s many a Bitcoin casino on the internet. However, you should only choose them from the selection of reputable brands. You’ll learn about that and much more in this guide!
How to Make a Casino Deposit Using Bitcoin?
Depositing funds using Bitcoin is fairly simple. But before you make a deposit, you’ll have to register for a Bitcoin wallet. Don’t worry; it’s simple — download the free client on the official website, and you can start storing your bitcoins.
To store bitcoins, you need to have them. You can either purchase them from a trader or mine them on your own. Whichever way you go, you can find a detailed explanation of how to do it online.
Now that you have bitcoins, you can choose a Bitcoin-friendly casino. Make sure to choose only among trustworthy casinos so that your experience is optimal.
After you’ve selected a casino and made an account, you can make your first Bitcoin deposit. Go to the casino’s cashier and select Bitcoin as your payment method. At that point, a unique web address for your account will appear on the screen.
Select the address and input it in the tab for sending bitcoins in your wallet. Then, enter the amount of money you want to deposit and confirm the transaction. From that point, you only have to wait a few minutes for your deposit to be available in your casino account.
How to Withdraw Funds from Bitcoin Casinos?
Cashing out via Bitcoin is just as simple as depositing.
When you’ve met the casino’s wagering requirements and you have enough money in your account to make a withdrawal request, select Bitcoin as your payment method of choice at the cashier. Then, enter the amount of money you want to cash out.
A unique wallet address will show up yet again, so copy and paste it in the tab in your Bitcoin wallet. Afterward, give the Bitcoin address to the casino and make sure that all the information is correct (and that you’ve met the necessary requirements).
Finally, select the “withdraw” option. Your money will be in your Bitcoin wallet just a few hours after the casino has processed and approved your withdrawal request.
Bitcoin Limits at Online Casinos
Deposit and withdrawal limits vary from one casino to another. However, they’re generally tied to a stable currency, such as the US dollar. That’s important in the context of Bitcoin gaming as the value of a Bitcoin changes significantly. For instance, one Bitcoin was worth around $200 in 2015. Only two years later, its worth increased to as much as $5,000.
The minimum deposit limit is pretty standard, regardless of the currency. However, the maximum deposit limit for Bitcoin is around an equivalent of $500.
As for maximum withdrawal limits, casinos usually don’t impose them on Bitcoin withdrawals. So there’s another advantage to Bitcoin gaming — you can cash out more than you would with a standard payment method. Of course, that doesn’t have to be the case, as withdrawal limits (and payment terms in general) depend on the casino.
Bitcoin Casino Transfer Fees
Bitcoin is a decentralised currency, which means that it’s not owned or regulated by anyone. Namely, bitcoins are sent and received without a third party (they’re transferred directly from one user to another). Since there are no intermediaries, there are no processing fees. To put it simply, you won’t be charged extra for depositing and withdrawing your funds using Bitcoin.
How Long Does It Take to Move Cash into a Betting Account Using Bitcoin?
Unlike transactions via payment methods involving intermediaries, Bitcoin transactions are more or less instant. The duration of a transaction depends on the peer-to-peer verification process. However, neither depositing nor withdrawing should take more than 30 minutes.
Bitcoin Payment Method Review: Casino Edition
Bitcoin is the most popular cryptocurrency, and there are several reasons why.
First of all, it doesn’t involve third parties, so you can send bitcoins directly to another user (a casino in this case) and receive bitcoins directly from them. Other benefits mainly derive from that fact. Since there are no intermediaries, there are no processing fees either. Moreover, transactions are fast (both depositing and withdrawing usually take about 30 minutes).
Thanks to the fact that this is a decentralized currency, no data of your transactions via Bitcoin will show anywhere on your bank statements. Thus, Bitcoin guarantees anonymity, which happens to be an important issue to most online casino gaming fans.
How to Find a Bitcoin Online Casino?
Since Bitcoin has been growing in popularity ever since it was invented, finding a casino that accepts it isn’t much of a challenge. Truth be told, there are still more casinos that offer standard payment options, such as credit and debit cards.
All the same, you can easily find a Bitcoin casino nowadays. More and more gambling sites include cryptocurrencies in their banking options.
However, choosing a crypto-friendly casino doesn’t differ from choosing a casino in general. You still have to be careful not to come across a disreputable one. To have a rewarding experience, you should only register at a licensed casino that has high security and fairness standards, as well as reasonable T&C policies.
Fortunately, such casinos are within reach. We’ve made a selection of reputable brands with a good offer for you. We can safely recommend them, as they’ve passed our detailed reviewing process and have proved reliable.
Alternatives to Gambling with Bitcoin
In case Bitcoin isn’t your first choice (or the casino you really like doesn’t accept it), there are many alternatives. For starters, you’ll always be able to use your credit or debit card, as they’re standard options available at every casino. However, they don’t offer many of the benefits Bitcoin does.
Thus, you may want to explore other options, such as e-wallets. Neteller and Skrill are the most popular ones, and most casinos accept them.
Of course, there are other cryptocurrencies you can use instead of Bitcoin. Some of them are Ethereum, Tether, and Dogecoin. While they’re less popular than Bitcoin, you’d be surprised how many casinos feature them on their lists of available payment options.
Bitcoin is the currency of the future. It’s decentralised, which implies numerous benefits such as anonymity, fast transactions with no processing fees, and security. While it’s less common than some other payment methods, there are many casinos that accept it. The surging Bitcoin casino movement attests to that fact quite well.