The online gambling industry has undergone several changes over the past couple of years. One of the noticeable changes is the introduction of cryptocurrencies like Bitcoin as one of the payment methods. As such, there are dozens of online casino sites as well sports betting deposit and withdraw their funds using Bitcoin. Unlike the traditional currencies, bitcoin enables players to transact without disclosing their personal and financial details. Online casinos that accept bitcoin offer a wide range of games including video poker, card game, dice game, and slot games. This article covers all there is you need to know about Bitcoin online casinos; how to get a bitcoin casino, how to deposit and withdraw, and much more.
What’s Bitcoin casino
To put it in simple words, a bitcoin casino is any casino or sports betting site that accepts bitcoins either alongside the fiat currency or specifically a crypto casino. Bitcoin is an online virtual currency that works via a software wallet which is saved on a computer and can be used to buy goods and services or fund any crypto casino. The fact that the currency is fully decentralised, provably fair, flexible and security make it a much more preferred option than the fiat currency. The money utilises peer-to-peer (P2P) technology to operate without links to the central banks or governments. This means that the player enjoys low transaction fees, it can be used in any part of the world, and there no limits. The reason why this currency is considered to be the most secure is that individuals known as miners secure its network.
Additionally, the software is entirely Open Source, meaning, anyone can review its code. Before you start playing at casinos that accept Bitcoin, there are several things you need to understand. As well, you need to choose your free bitcoin wallets which are available for different operating systems and gaming devices. It should be remembered that the first Bitcoin was published in 2009 by a programmer going by the name Satoshi Nakamoto. The currency has since grown wide and its accepted by leading online stores in the market.
How to get a Bitcoin account to play casino
The number of online gambling casinos that offer punters with Bitcoin as a payment option is increasingly becoming popular. Now, before you start playing at your preferred online casino, it is mandatory to have a bitcoin wallet. Choosing a portfolio is simple, and it only takes a few minutes. There are numerous types of wallets including BitGo, Edge, Electrum, Green Address, Bitcoin Knots, KeepKey, among others. The primary role of a bitcoin wallet is to receive, store and sent bitcoins through a software. After selecting your wallet, you can accept or purchase Bitcoins using your credit card or your linked bank account. You can use your bitcoin to send real money fast and safely around the or play real money casino games. You will also be required to choose a reputable gambling site that offers bitcoin casino games for a chance to win real money. Besides accepting bitcoin as a payment option, a good crypto casino should have the following attributes:
- A wide range of bitcoin casino games.
- One that is secured with SSL encryption.
- Must be licensed and regulated by a recognisable
- One that offers incredible bonuses offers such as deposit bonus and free bitcoins.
- Has a knowledgeable and friendly customer support team.
How to use Bitcoin to deposit
Since Bitcoin has become common, many people are using it to deposit money at several online casinos. The first and foremost thing is to create a bitcoin wallet. To deposit, you visit the casino’s cashier page and select bitcoin as your preferred deposit option. The casino operator will automatically generate a new bitcoin address which you will paste into your electronic wallet. Once this process is complete, you can deposit as many Bitcoins as the casino operator accepts. This can be done through a mobile app or desktop software. Next, open your e-wallet and select the ‘send money’ menu to complete your deposit. Enter the amount you wish to send to your casino account and the received address. You can choose to receive a confirmation or not. You can now play your favourite bitcoin casino games and win huge prizes.
How to withdraw on Bitcoin
When you join a casino that accepts bitcoins or real money, your goal will be to win. Withdrawing your casino winnings using bitcoin is without any doubt the safest payment option. With bitcoin, you are sure that your identity will remain anonymous and secure. To cash out your winnings, you must have played bitcoin games won and adhered to all the wagering requirements. Most casinos all withdrawals to be processed instantly and you receive your bitcoins in the account within 12 hours. As well, you will not be charged additional withdrawal fees. Here is a simple step by step guide on how to withdraw on a bitcoin casino.
First, log into your bitcoin casino account by entering your Username and Password.
Second, enter the bitcoin address you’re received in your wallet.
Three, enter the number of bitcoins you wish to cash out from your casino account.
Why you should use Bitcoin to play casinos
Bitcoins allow gamblers to enjoy fast, secure, and transparent, and other benefits for both punters and casino operators.
Accepted Globally; players can deposit and withdraw their money from any part of the world at any time without worrying about governments or public holidays. Moreover, the player has full control over their money.
Zero Fees; you will not be charged anything for when you receive bitcoins into your account. Some e-wallets allow players to have control over how much fee they are willing to pay.
Decentralised; Bitcoin is by nature a decentralised system, meaning, any institution does not control it. The advantages of this are transparency and privacy of the transaction. Players enjoy the fact that the money is entirely under their control. Decentralisation guarantees fair processes, lower transaction charges, and no external manipulation of the system.
Limited Risks for Traders; all bitcoin transfers are considered safe, irreversible, and they do not reveal the customer’s personal information. This is key in protecting traders from overrated chargebacks. Also, there is no need for the PCI compliance certificate.
Bitcoin Casino Games; Bitcoin casinos offer players with an assortment of casino games to choose from. The games range from card games, slots, video poker, dice games, as well as different sports.
Fast and Secure Transactions; bitcoin casino players enjoy fast-paced transactions compared to other payment options like credit and debit card. Withdrawals are the fastest you will receive your bitcoins into your account the moment the blockchain has confirmed your transaction.
Advanced Security; Bitcoin utilises a unique cryptographic system to provide state of the protection that has not been witnessed in any other cryptocurrency. Additionally, every bitcoin deposit or withdrawal comes with a unique encrypted address. Your transactions will be protected using three types of keys; private key, public key, and a combination of private and public keys.
Provably Fair Gaming; this is a unique feature that allows casino operators to prove the fairness of the games they offer. The gambler is given the opportunity to verify the integrity of each game round after it has been played. Below is how provably fair gaming is determined in bitcoin casino games.
- The casino operator creates a seed number for the bet.
- This is then hushed and sent to the punter.
- The player adds their seed number for the bet to be completed.
- The player will receive the seeds used in the bet when the wager is over
- The system will verify it automatically if it matches the bet.
If you are looking for more ways to deposit your money, you can check more electronic online casino payments on our special page.
How to activate bitcoin casino bonus
Online casino bonuses are one of the commonly used ways to lure new players to join a casino site. Bitcoin casinos offer players with several bonuses and promotional offers including no deposit bonus. Some online casinos offer new players free bitcoins to play different games without risking their hard earned money. To activate a bitcoin casino bonus, you must sign up and select bitcoin as your preferred payment option.
Bitcoin mobile casino
Bitcoin mobile casinos all punters to play different casino games from anywhere and at any time. These games are designed by leading software developers who utilise the latest cutting-edge technology like HTML5. This technology enables games to be played on small screen devices in high-quality graphics and great sound effects. Most bitcoin mobile casino games are available instantly whereas others are downloadable.