You have probably heard some hype around Bitcoin, and there is a lot of information to browse. But one thing is certain: cryptocurrency is quickly becoming a popular method of payment at online casinos.
Bitcoin is the very first cryptocurrency. Since it was introduced to us in 2008, it has had many ups and downs, but it is stabilizing. Like any kind of currency, the fluctuations are a reminder that using cryptocurrency means understanding how it works and how to make it work for your online gambling experience.
A cryptocurrency is a decentralised peer-to-peer network without any entity operating it. Nodes of the system verify your transactions and data is stored in the blockchain.
In addition to being an excellent payment option for online casino games, BTC is also ideal for use at blockchain-only casinos.
Using Bitcoin at Online Casinos
To make online casino deposits with Bitcoin, your first step is to set up a digital wallet. There are plenty of online wallet sites that can help you with this process. It’s just a matter of choosing the best one for you. Popular sites like Circle or Coinbase will set up a wallet and help you buy and sell BTC in your preferred currency.
Once you have bought your BTC, you can go to a casino that accepts Bitcoin payment methods. Plenty of online casinos now accept cryptocurrency, and there are even Bitcoin-only online casinos. All you have to do is go to the virtual cashier in your casino of choice and choose the Bitcoin option.
You will then be given a wallet address for the casino. Go back to your digital wallet, paste in the address and authorise the transfer to the casino. It may take a few minutes to process, but it’s literally minutes and you’ll see the amount added to your casino player profile, ready to gamble with.
Using Bitcoin to Deposit and Withdraw at Casinos
Today, players all over the world can enjoy Bitcoin casinos. Most online casinos in European countries are restricted by strict regulations when it comes to online gambling, and in countries like the US, Australia, and South Africa, specific laws make it a difficult and time-consuming process to find Bitcoin casinos. For this reason, most Bitcoin casinos are located where the laws are a bit looser, in areas such as Malta and Curacao.
One such casino is BitStarz Casino. The casino operates under the laws of Curacao and also features the latest industry standard SSL encryption. BitStarz is a provably fair gaming website, which simply means that players are guaranteed fair play, accountability, and instant payouts. Play hundreds of slot games like Wolf Gold, Fire Lightning, Reactoonz, and Book of Dead. There are also many popular table and card games, such as Joker Poker, European Roulette, and Caribbean Poker. To deposit money into your casino account, you can choose from many payment options, as well as cryptocurrency such as Bitcoin.
Many players avoid using Bitcoin for their online gaming because they are not completely sure about cryptocurrency, but Bitcoin is very easy to use. Most online casinos offer customer support that is available 24/7, and they can walk you through the process. Contact them via the live chat box and in a few minutes you can also play online games with Bitcoin. You will be interested to know that most Bitcoin casinos offer a huge variety of games. Play the slots and table games you know and love, and as a bonus, Bitcoin slots, table games, Roulette, and other RNG Bitcoin casino games will add more dimension to your game.
There are many advantages to playing at Bitcoin casinos, but one of the most attractive is that most Bitcoin casinos do not charge any fees when transacting with Bitcoin. Many of the payment methods available can charge quite high fees to withdraw your money, but Bitcoin transactions do not incur any fees at all.
Another advantage is that when you withdraw with Bitcoin, your withdrawals are instant, meaning you don’t have to worry about long processing times. Using Bitcoin also provides the assurance that your personal information will be kept safe. You don’t have to enter your personal and financial information when transacting at an online casino, as Bitcoin requires you to do nothing more than provide the address of your wallet.
If you are interested in playing at Bitcoin casinos, browse our listed casinos and make your deposit today. You can play your favourite casino games, and when you are ready, you can withdraw your winnings at lightning speed and at no extra cost.
Different types of Bitcoin wallets
There are a few different types of Bitcoin wallets you should know about. These are the four most popular.
Online wallets are the easiest and fastest types of Bitcoin wallets. It involves any third-party online wallet that you can access from your PC or mobile device. However, the main drawback is that online wallets are more prone to security breaches and hackers compared to the following three types of wallets.
Hardware cryptocurrency wallets are stored on USB devices such as external or flash drives that you must connect to your computer if you want to deposit or withdraw money from your casino account. When the hardware wallet is disconnected, it is fully protected against computer malware and viruses, and it also acts as a backup of the wallet. Because the hardware is portable, you can literally keep your wallet with you wherever you go.
Software wallets are installed on your desktop computer or on your mobile device. They take up a lot of disc space and require at least some basic computer knowledge to set up. Software wallets are only as secure as the device they are installed on.
Handwritten or printed on a piece of paper, Bitcoin paper wallets hold both your private and public Bitcoin keys. So they are considered extremely secure as they are completely off the network. This means that no one can access your data over the internet and, provided you keep your slip of paper, it can never be stolen or lost. Ultimately, this makes Bitcoin one of the safest payment methods for online casinos.
The type of Bitcoin wallet you choose will depend on many factors. For example, if you occasionally want to use Bitcoin to fund your online casino account, software or an online wallet is best because it is quick and easy.
But if you have built up a significant amount of BTC and want to keep it safe, a software or hardware wallet is best for you. Alternatively, a paper BTC wallet can wipe out any chance of hacking.
Whichever Bitcoin wallet you choose, as with any type of banking method, the better you secure and protect your information, software, devices, usernames and passwords, the more secure your cryptocurrency will be. Remember never to leave your private and public keys lying around.
The Advantages of Bitcoin Payment Methods at Online Casinos
Playing with virtual funds may seem a bit strange if you have never given it a lot of thought. Still, there are plenty of advantages to Bitcoin payment methods.
For example, payments with cryptocurrency are anonymous. Of course, it is possible to associate a wallet address with a person, but individual transactions have no names. So it is impossible to say that you are funding your casino account. If anonymity is a concern, it is entirely possible to change addresses or even take further steps to protect your identity when playing at online Bitcoin casinos.
Another advantage is that Bitcoin casinos can operate freely in many areas where gambling would otherwise be prohibited. Because cryptocurrency does not operate through traditional banking systems, it cannot be regulated as easily as physical currency.In addition, no central bank has control over Bitcoin, meaning that every coin has a sense of value that simply cannot be devalued.
Bitcoin at casinos also does not incur any additional transaction fees when processing your casino payments.
Another advantage is that online casino games are proven to be fair. That means the games use cryptographic algorithms that are verified by third parties after a bet to ensure that every spin of the reels, roll of the dice, or hand of cards is legitimate and the outcomes are random.
Bitcoin requires a $€5 minimum deposit.
Have you already played casino games at the fantastic 7Bit Casino? Launched in 2010, 7Bit Casino offers more than 2,000 casino games to players around the world. A hybrid casino that supports both traditional currencies and all major cryptocurrencies, making deposits and withdrawals from 7Bit Casino will not be a problem as there are many ways you can fund your casino account, including Bitcoin, Ethereum, Litecoin, and Tether. 7Bit Casino has also made available Cubits, the payment method that allows you to transfer Bitcoin to and from your casino account.
Make your $/€5 minimum deposit casino with Bitcoin and enjoy all of the benefits that this cryptocurrency provides, such as top security, convenience, and anonymity.
If you want to play at 7Bit Casino with a welcome bonus package, deposit from $10/€10 or 1 BTC up to a maximum of €200 and you can double your play money with a 100% Match Bonus and 200 free spins for Starburst or Fruit Zen. There are four deposit bonuses available, all activated by a minimum deposit of $10. You will receive a 50% Match Bonus on your second deposit of up to $200 or 1 Bitcoin, a 50% Match Bonus on your third deposit of up to $300 or 1.5 Bitcoin, and a 25% Match Bonus on your fourth deposit of up to $300 or 1.5 Bitcoin.
Bitcoin The minimum deposit is $1.
Billy Casino runs on a multi-software platform that offers just over 2000 casino games from various vendors, including NetEnt, Microgaming, Betsoft, Play ‘n GO, Yggdrasil, and many more. Play all your favourite slots and table games with Bitcoin, and if you are a new player, you can maximise your 0.001 BTC or $10 minimum deposit with a welcome bonus package with 200 free spins for Starburst or Fruit Zen. For your second deposit up to $200 or 1 BTC, the casino will award you a 50% Match Bonus. For your third deposit up to $300 or 1.5 BTC, you can play with a 50% Match Bonus, and for your fourth deposit up to $300 or 1.5 BTC, you are offered a 25% Match Bonus.
Register a Bitcoin wallet online. You can do this by going to the coinbase or blockchain.com websites. Click the “Sign Up” button and complete the registration. Most wallet providers already have built-in Bitcoin exchanges, and all you need to do is click the Buy button, select your country of origin, and buy your Bitcoin. At King Billy Casino, make your minimum deposit of $1 with Bitcoin, which is equivalent to 0.0001 Bitcoin. Open your Bitcoin wallet and click submit. You are now ready to play slots and table games.
What is Bitcoin?
Due to its speed of deposit and withdrawal and low transaction costs, Bitcoin has become increasingly attractive to gamers around the world. Bitcoin is a cryptocurrency, which simply means that it is a digital currency. There are no notes or coins, but Bitcoin is a virtual currency that works through an online wallet stored on the player’s computer. When making a casino deposit, the money leaves the wallet and is forwarded to the casino. At the casino, players have the option to exchange their Bitcoin for normal currency through Bitcoin exchanges. Two of the biggest advantages of Bitcoin are that the transaction fees are very low, significantly lower than any other payment provider, and you can transfer your money without revealing who you are. This means you can play online casino games without revealing your true identity. Finally, cryptocurrency payments are accepted at online casinos.
Bitcoin offers you and your favourite casino operators numerous benefits. It is a very attractive proposition for funding your casino accounts. If you’re used to high transaction fees or even blockages on certain credit card transactions, BTC might be for you. With Bitcoin, there are no credit card or bank intermediaries taking their share of transactions, and Bitcoin deposits and withdrawals to and from online casinos cannot be blocked by anyone. They are also usually free of charge.
For casino operators, apart from the fact that BTC transactions are the equivalent of cash payments, there is no chance of a “cashback”. This usually happens when a credit card player disputes the charges and requests a refund.
Anonymity is, of course, the biggest advantage when it comes to online casino Bitcoin payment methods. While it is often assumed that using BTC makes you and your transactions completely anonymous, keep in mind that individual BTC transactions are anonymous and Blockchain maintains a ledger of every BTC transaction, which can be used to track you if absolutely necessary.
The speed of Bitcoin transactions is also a big plus if you are in a hurry to play your favourite casino games or get your hands on your winnings. Payments with BTC are direct to online casinos.
However, if you are new to Bitcoin, you will quickly realise that “confirmations” can sometimes delay transactions, depending on your online casino’s policies. To avoid double spending the same BTC, casinos often choose to wait a certain number of times for the network to confirm a transaction before the credits appear in your casino account. This can sometimes delay the acceptance of your deposit by a few minutes to an hour (which is still not bad!).
If you want to play with Bitcoins at a particular casino, ask the customer support team how many confirmations are needed before they accept your deposit. Each confirmation usually takes about 10 minutes in real time.
What You Need To Get Started With Bitcoin At Online Casinos
To play at a Bitcoin casino, you need an internet connection and, in some cases, some form of identification to prove who you are when you create your new player account. But this all depends on the casino.
Usually, Bitcoin players don’t need much to get started. The casino must be licenced and regulated, so you know you can trust them, but you can peruse our extensive online casino reviews to find the best Bitcoin casinos or casinos that accept Bitcoin payment methods.
Make a Bitcoin Deposit
One of the best things about technology today is that you can quickly and easily use the tools of the Internet to get things done. Reputable Bitcoin online casinos have lengthy and informative guides and FAQs to get you started.
Your first step is to register with an online crypto wallet so that you can transact online with Bitcoin. You use the code at online casinos when needed, and you don’t have to hand over a lot of personal information, other than perhaps creating a username and password.
Go to the casino’s virtual cashier and choose Bitcoin as your preferred payment method. Make your deposit and your account will be credited in an hour or less, so you can grab casino bonuses and play your favourite games.
Making a Bitcoin Withdrawal
In the same way you would deposit money into your online casino account, you can use your code to withdraw your winnings. The process is as simple as depositing into your casino account, and once the currency appears in your online wallet, you can decide to store it as BTC or have it transferred in cash. You can also, if you prefer, use a traditional payment method to immediately withdraw your money as cash (subject to casino processing times).
BTC is processed instantly.
Bitcoin is virtual, and that means you can enjoy almost instant processing times. Within an hour, but usually less, you can play your favourite slots or withdraw your winnings.
Normal banking methods usually allow direct deposits, but when it comes to withdrawals, you have to hand over various identifiers and other verification papers, which means it takes time to get your money in your hands.
This is not a problem with BTC as withdrawals are processed just as fast as deposits. It’s a huge advantage if you’re the kind of player who likes to have fun at a list of different casinos and don’t want to wait for your money to be cleared.
Isn’t it about time you tried Bitcoin payment methods at an online casino?
Frequently asked questions
Bitcoin can be a confusing concept to get your head around, and it can sometimes be tricky to find casinos that accept Bitcoin. To help you out, we’ve put together a quick guide to get you started and start enjoying cryptocurrency during your casino experience!
What is Bitcoin and how does it work?
Bitcoin is a form of cryptocurrency—a virtual or digital currency that can be used as an online version of cash. It can be used to buy goods and services anywhere on the internet, including in the world of online gambling. Bitcoin casinos are still rare, but they are increasing in number every day. Each “bitcoin” is essentially a computer file. These are stored in an app known as a “digital wallet,” which can be kept on your computer or smartphone. Every transaction is recorded in the “blockchain”—a public list that allows one to trace and track the history of Bitcoins.
Which Online Casinos Use Bitcoin?
The number of casinos that accept Bitcoin is still quite low, but includes the following: 7Bit Casino, BitStarz Casino, BetCoin, SportsBet, BetCoin Poker, Betonline, Slots.LV, Bovada, and CloudBet Sports. There are more and more minimum deposit Bitcoin casinos on the way, and it is important to check in on the Payment Methods page of your favourite casino to see if they have joined the group.
Do I need to open a wallet to start using Bitcoin?
Bitcoin is stored in a digital wallet, which is kept on your smartphone, tablet, or desktop.
How safe is using Bitcoin as a payment method?
Bitcoin is a perfect choice for players who want to remain anonymous online; although every transaction is recorded, the identities of the participants are not.
How long does it take to process a Bitcoin payment?
It usually takes about 24 hours for a Bitcoin payment to be fully processed.
How fast are Bitcoin transactions with online casinos?
It usually takes about 24 hours for the casino to process your payment.
Is paying with Bitcoin at an online casino safe?
Bitcoin offers a secure and anonymous alternative to traditional payment methods.
What are the benefits of Bitcoin gambling?
Using Bitcoin allows you to place bets and make deposits anonymously, keeping your online identity safe.
How do bitcoins compare to other banking options?
Although it is still quite new, Bitcoin is growing in popularity. At the moment, it can still be difficult to find shops and casinos that accept Bitcoin, but this seems to be changing.
Are there fees associated with Bitcoin transactions?
One of the drawbacks of Bitcoin is that it often comes with quite high transaction fees, and this can come at the cost of your potential profits.