Bitcoin has become fairly popular over recent years. More and more online casinos offer it as a payment option for depositing and withdrawing. It seems to suit modern casino gamers quite well because of low transaction fees and fast processing times.
If you’ve been considering crypto gaming, read on. We’ll present to you the best online casinos that accept Bitcoin.
Bitcoin Online Casino Registration Guide
Getting started with Bitcoin isn’t difficult. Even though it’s a non-standard payment method, it’s simple to use.
First, you need to choose your wallet. They’re available for all major operating systems. You can either download an application and install it on your phone or have a wallet on your computer. Whichever way you go, choosing a wallet is a quick and straightforward process.
After you’ve bought Bitcoins by following the instructions, you can use them for gaming. Of course, first you’ll have to find a trustworthy casino that accepts this cryptocurrency. When you do, you’ll sign up just as easily as you would at any other casino. You can open up the registration form by clicking on the “sign up,” “join,” or “create account” button. You’ll need to complete it with your personal information, such as your name, address, and phone number. You may also need to create a username. Lastly, registration forms at some casinos contain a list of available currencies so that you can select your currency of choice. When you complete the form and submit it, you’ll get a confirmation email to activate your account.
How to Make a Casino Deposit Using Bitcoin?
Depositing via Bitcoin is quick and simple. When you find an online casino that accepts it and create an account, the first step you’ll take is depositing. You can select Bitcoin at the cash register (payment section of the casino). Afterward, you’ll need to enter the amount of money you want to deposit (make sure it’s in line with the terms). The instructions are simple, so you’ll have no trouble depositing your Bitcoins into your casino account.
How to Withdraw Funds from Bitcoin Casinos?
Cashing out your winnings via Bitcoin is as simple as making a deposit through it. When you meet the casino’s wagering requirements, all you need to do is request a withdrawal. After you do, the casino will transfer your funds into your online wallet. From there, you can use your Bitcoins to make purchases online or convert them into your currency of choice and transfer them to your bank account.
Deposit and Withdrawal Limit
Online casinos commonly have deposit and withdrawal limits. They vary from one casino to another, so you should inquire about the casino’s payment terms before you sign up. Deposit and withdrawal limits also depend on the payment method.
When it comes to Bitcoin, the minimum deposit limit usually varies from 0.001 BTC to 0.0003 BTC. The maximum deposit limit may not exists, but that depends on the casino. As for cashing out, the minimum withdrawal limit is usually around 0.001 BTC, while the maximum withdrawal limit is generally 10 BTC.
Processing Time and Fees
Depending on the payment method, you may need to wait for your deposits and withdrawals to be processed. You may also need to pay a transaction fee.
When you make a deposit via Bitcoin, your funds will be in your casino account shortly after. That means that you can engage in real-money gaming as soon as you deposit. As for withdrawing, you may have to wait for a few hours for your request to be processed. For the sake of comparison, the processing time for withdrawals via credit and debit cards is one to five days.
Another reason Bitcoin is so popular and one of its many perks is the fact that fees are usually non-existent.
Bitcoin Payment Method Review: Casino Edition
Bitcoin is a revolutionary payment method. It’s not surprising that more and more casinos include it in their lists of available options. It’s also not surprising that more and more gamers choose it over traditional methods.
The most often cited benefit of Bitcoin is anonymity. Namely, no one except for the sender and the receiver can track the transactions. That leads us to the second advantage — transactions are transparent, but the lists don’t contain any personal data. Each transaction has its code which is known only to the sender and the receiver. That way, you can monitor your wins and losses, yet no one else has insight into them.
In the context of online gaming, Bitcoin is a great option because there are no transaction fees (or they’re rather low). Additionally, transactions are processed fast so that you don’t have to wait for your money to be available (either for playing or for withdrawing).
How to Find a Bitcoin Online Casino?
Bitcoin is an increasingly popular payment method, so it’s quite easy to find an online casino that accepts it. The gaming industry constantly expands, which gives room to all the novelties. You can find a trustworthy Bitcoin casino by filtering your search and reviewing each casino. However, you can go the other way — you can make a selection of legitimate casinos and check which one offers Bitcoin as a payment option.
Either way, you should keep in mind that it’s essential that you play only at trustworthy casinos. Such casinos have high fairness and security standards and player-friendly payment terms. They’re also transparent and rate well among players and on watchdog portals.
Alternatives to Gaming with Bitcoin
Whichever payment method suits you, you should know that you’re not limited to it. Online casinos often offer several different payment options. If you need an alternative to Bitcoin, you can choose another cryptocurrency, such as Ethereum, which is also widely used. However, you can also opt for more traditional options, such as credit and debit cards, or go with e-wallets.
In the virtual era in which we all live, Bitcoin is rather convenient. It’s available worldwide, secure, and anonymous, yet transparent. It’s suitable for online purchases as well as for online gaming and betting. However, it’s paramount that you use Bitcoin (or any other payment method) only at reliable casinos. We’ve made a selection of several such casinos for you.
Frequently Asked Questions
Any casino can be legitimate or rogue. Bitcoin is a payment method — it doesn’t indicate a casino’s legitimacy. Therefore, a Bitcoin casino can be legit (if it complies with the rules of safe and fair gaming).
Yes, it is, especially given security breaches that happen online. Bitcoin is secure and completely anonymous, so a transaction can’t be tracked by a third party.
It’s simple. First, you need to find a casino that accepts Bitcoin and make sure it’s legit. Then, after you’ve signed up, you select Bitcoin as your payment method in the payment section.
No, it’s actually quite easy. You can convert your Bitcoins into a standard currency and transfer your money to your bank account directly from your wallet.