With more and more players using cryptocurrencies to engage in online gambling, we are seeing many new Bitcoin casinos entering the industry. These sites allow players to make an anonymous transaction using this cryptocurrency and members will enjoy secure processing and instant payment options. One of the main advantages of playing at casinos that accept Bitcoin is privacy. No government organizations will be able to trace casino deposits and your winnings will be tax-free.
When choosing a Bitcoin casino, you will have to make sure you are selecting a trustworthy site. Not every casino supporting Bitcoin payments will be required to be licensed. Since this is a decentralized currency, there are no laws regarding how the money can be spent at websites. This has led to many rogue casino sites opening and luring in players who are looking to play with Bitcoin.
Ready to play top games make instant deposits and benefit from a fast withdrawal process? Check out all the information we offer on how to find the best casino sites and how to make your transactions securely.
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If you are a gambler and are looking to use a safe and secure payment method online, take some time to discover Bitcoin. This cryptocurrency has quickly become one of the top choices for players around the world and is accepted at many great casino sites. With no legal restrictions and the ability to remain anonymous, this payment option provides instant withdrawal online casino deposits, fast withdrawals, and minimal fees. Want to get started at top Bitcoin Casinos? Read on to learn more about how this crypto works and how you can start to make secure transactions at a selected casino site.
What is Bitcoin? How Does it Work?
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|Alternatives:||Visa, Mastercard, Paysafecard|
If you are new to online gambling and are comparing different banking options, you may need more information on Bitcoin. Bitcoin or BTC is a digital currency that is not controlled by any bank or government in the world. Instead, a peer-to-peer network is used where you can send and receive Bitcoin through digital wallets.
Bitcoin is 100% virtual and can only be used to conduct payments online or when using a mobile device. Just like regular money, Bitcoin is made up of smaller currency units. One single bitcoin is made up of millions of units. The value of Bitcoin will always be changing as it’s not dictated by a government but rather decided by market forces. The value will go up if a lot of people want to buy BTC and will go down when a lot of people sell, but the overall trend is upward.
If you want to use Bitcoin for gambling online, you will have to open a crypto wallet and then purchase Bitcoin. This can be done by using exchanges and paying for bitcoin using credit or debit cards. There are also software programs that can be used to mine Bitcoin, but most gamblers will use the simple option of purchasing the cryptocurrency. It can then be used to make secure transactions at online casinos that take Bitcoin.
One thing to be aware of is that not every operating Bitcoin casino is licensed. Online licensing ensures the security of players and also lets you know you are accessing a site that adheres to gambling laws. By playing at any Bitcoin casino that does not have a valid license, you will be at risk.
How To Make Bitcoin Casino Deposits
Before you are able to make a deposit at any Bitcoin casino, you must have an active and funded Bitcoin wallet. This works in the same way as an e-wallet and is a storage system for your Bitcoin. After your account is open and you have purchased Bitcoin to add, you can head to a trusted Bitcoin casino site and create a new member account.
- When you access the casino cashier, you will have the ability to select a Bitcoin payment.
- Instead of providing banking information or credit card numbers, you will take the casino’s BTC address and use it in your wallet of choice to send a payment. Be careful when you’re typing in the amount of BTC you want to change, it’s best to check the current exchange rate against the amount of USD you want to deposit and copy and paste that number to avoid confusion.
- Once the address is received by the casino online, they will send the Bitcoin request and the transaction will begin. It will generally take anywhere from 10 minutes to several hours for the transaction to be fully completed depending on how busy the network is.
When making any deposit using Bitcoin, the process will be instant and there are no fees that are incurred. You can immediately start to place wagers on supported games and have some great opportunities at winning large payouts!
Making A Bitcoin Casino Instant Withdrawal
One benefit to using Bitcoin for gambling is the ability to conduct fast and simple withdrawals. The process is the reverse of depositing! Just access your casino account and head over to the cashier section.
- You will select Bitcoin and your payment option and enter an amount that will be withdrawn.
- You will also have to enter your Bitcoin wallet address. Once all information is provided, the casino site will process the payment.
Most sites will have a pending period that can take from 24 hours to a few days. This is a common procedure where the site will review your request as well as your account standing. Once approved, your Bitcoin will be transferred right into your wallet instantly!
Transaction Limits and Fees
Bitcoin is not a regulated currency, so there is no bank or financial institution involved. This means that there are no limits in regards to the number of transactions that can be made or the amount of those transactions. Even though Bitcoin does not have limits, each operating casino will. There will always be a minimum deposit amount as well as a minimum amount that must be withdrawn from your account.
The information on these limits can be accessed at the casino cashier or you can chat with customer support to get quick answers. Before you deposit, make sure you know how much you must add to an account or how much you must withdraw in order for your transactions to be processed successfully.
At leading Bitcoin online casinos, no fees will be charged when you are adding or removing Bitcoin from an account. The casinos process your payments securely and since no additional fees are involved, this is one of the best ways to manage any casino account. You will benefit from fast processing, free transactions, and the ability to easily make any type of transaction quickly and easily.
Bitcoin Casino Bonuses
When you make a transaction to a casino account using Bitcoin, you will be considered to be a real money player. This means you are eligible for all listed bonuses and promotions. Many of the newer sites that are entering the market are considered to be cryptocurrency casinos, meaning they promote the use of various cryptos like Bitcoin. When you sign up at these sites, you will often find a special Bitcoin bonus. This is a welcome deal that will offer a higher bonus amount than the standard welcome offer when depositing using other methods, sometimes up to 1 BTC!
In addition to higher welcome bonuses, Bitcoin casinos will also offer many recurring deals to keep players coming back for more gambling action. Be sure you always check the promotions page at the casino to see the latest offers. Most sites will update this regularly, so you will find new and exciting daily, weekly, and monthly bonus deals. These can all add free funds to an account and even offer free spins to use on the latest and greatest slot games.
As registered members, Bitcoin casino players will also benefit from any loyalty program that is in place. With these, you will earn points as you place real money wagers on supported games. Points can later be redeemed for exclusive offers, bonus cash, and special deals. Most sites will have a tiered program, so the more you play, the more rewards you will enjoy.
Are Online Casinos Accept Bitcoin Safe?
If you are concerned with security measures, using Bitcoin for gambling is quite safe. Since you do not have to divulge any bank or card information, you will be better protected from fraud and account hacking at casino sites. All transactions that are conducted using bitcoin will be processed using encryption software.
Each transaction will be verified numerous times at various points on the network. There are multiple private keys that are used that are long, making them hard to decode. This makes Bitcoin a safe option for anyone playing real money games as the chances of account hacking are very slim. There are also security measures that are used when you play at a licensed online casino, so making transactions using this payment method will be a safe process.
Who Can Use Bitcoin?
Seeing as Bitcoin is not regulated or controlled by any central bank, it can be used by individuals in countries all over the world. This currency can be used to make simple and anonymous online purchases. While the use of Bicton is supported by most countries, there is only one that recognizes it as a legal tender, and that is El Salvador.
The United States has a positive stance on the use of Bitcoin and it is a common choice for many online gamblers. This currency is so popular that is it listed in the US derivatives market. Canada, Australia, and the European Union are all other areas that strongly support the use of this crypto. With few limitations and hardly any regulations, players in many locations worldwide will be able to legally use this to fund and manage casino accounts.
What Countries are Restricted from Playing Crypto Casino Sites?
Bitcoin is a payment option that can be used in hundreds of countries around the world, making it a great choice for online gamblers. However, there are some countries that do not support the use of this cryptocurrency due to it being decentralized and a threat to monetary systems in the country. Some countries have completely banned the use of Bitcoin, including China, Russia, Vietnam, Colombia, Ecuador, and Bolivia. China has taken the most active in regards to banning the use of Bitcoin. All banks and institutions in the country are instructed to prohibit any transaction related to Bitcoin and all exchanges are banned.
Pros and Cons of Online Crypto Casinos
Bitcoin casinos can provide some amazing benefits to real money players. However, it is not always the best payment choice. To learn whether you should consider playing at a casino that accepts this payment option, be sure to take some time to go over these pros and cons. They will help you to determine whether Bitcoin is the right choice and whether it is an option that you should use when engaging in real money play at licensed and regulated crypto gambling sites.
Other Popular Payment Options
If you are not ready to engage in using this virtual currency, there are many other options. Online casinos always support traditional payment methods, so players will have the ability to choose from any of these when managing an account. You will find that all licensed casinos process payments securely, so no matter what option you select, you will benefit from complete security. While Bitcoin remains a top choice for thousands, it may not meet your needs. If you are a player looking for alternative payment methods, be sure to check out what each site has to offer by visiting the cashier. Here, we offer some details on the types of banking options you will find at most operating sites.
E-wallets are perhaps the most used banking option for players online. These services provide fast and easy payments and you can manage accounts at any time. To use an e-wallet, you will first have to open an account with the service selected. Whether you choose online casinos that take eCheck, Neteller, Skrill, or best PayPal casinos, an account will be required. You will also have to fund that account or link it to your bank account or credit card. Deposits can then be made to casino sites instantly with no added fees. E-wallets offer enhanced levels of security and are among the most trusted methods being used by gamblers today.
Debit or Credit Cards
Almost every gambler in the world has a credit card or a bank account with a connected debit card. Both of these can be used to make instant deposits to a casino account and most sites will also process withdrawals with these methods. With some great options like Maestro, MasterCard, Visa, American Express, and Discover, you will find many options for using a credit card. Keep in mind, that the best casinos that accept Mastercard deposits have strict policies on withdrawal. Keep in mind that some countries will have restrictions due to gambling laws, so these methods may not be available to all players. Using credit and debit cards is a simple way to manage an account, but you may also incur some fees when processing withdrawals.
Want to avoid having to provide any casino with sensitive banking details? A prepaid card is a great option. While you will only be able to make small deposits of up to $100 with each prepaid voucher, this is a great option for players on a budget. It is also the preferred choice for anyone that does not have a credit card. With a prepaid card, you will fund a card ahead of time and then can redeem the voucher at supporting sites. Some of the most commonly used prepaid options include Paysafecard and Neosurf.
Using a prepaid card is safe and simple, but you will find that you cannot always make a withdrawal using this option. It may be the best choice for depositing players, but when it comes time to remove payouts, these players will have to select an alternative method to receive wins.
If you do not have a credit card or an account with a crypto or e-wallet service, a bank transfer is a trusted payment option. If you live in a country that offers legal online gambling, you will be able to use your online bank to transfer funds from that account right into your casino account. Bank transfers are easy to conduct and offer instant deposits and fast withdrawals. You may incur some fees based on what bank is being used, but you will not have any charges from the casino itself. Online casinos that accept bank transfer are completely safe as the bank as well as the casino site will use top-notch SSL encryption software to protect all of your details.
Bitcoin Casinos FAQ
Are Bitcoin payments secure?
- When you gamble at Bitcoin casinos that hold a valid license from a regulator, your payments will always be protected. Each site will use software to protect all transactions from hacking and fraud. To avoid any issues, always make sure the site you have chosen holds a valid license from a respected jurisdiction.
Are there instant withdrawals?
- Yes. This is one of the main benefits of playing at Bitcoin casinos. Once you have requested a withdrawal, the site will review and approve it. There will be a pending period on all withdrawals that are requested. After approval, your Bitcoin payment will be released instantly and will appear in your Bitcoin wallet in a matter of minutes. It may take some time for the BTC network to fully register that transaction, though.
How do I deposit?
- After you get a bitcoin wallet and it has been funded, you select Bitcoin as your payment method at the cashier. You will then receive a wallet address from the casino. Access your wallet and paste that address in to authorize your transaction. In just a few minutes, your Bitcoin will be transferred into the casino account and ready for use.
Where do I find the best crypto casinos sites?
- When looking for the best sites that accept bitcoin, you will always want to review licensed and regulated casinos. Not every site will accept Bitcoin, so you will have to conduct a search to find casinos where you can make a Bitcoin payment. The best sites will offer special bonuses and will also provide great security measures in addition to being licensed.
How do I buy Bitcoin?
- To make use of Bitcoin payments, you must obtain Bitcoin in your crypto wallet. This can be done by purchasing Bitcoin using another payment method or you can trade existing cryptos with other users to boost account balances. Most players will choose to buy Bitcoin using a credit card from a trusted exchange platform. However, be aware that the price of Bitcoin maybe around 10% higher when purchasing on an exchange.
What bonuses can I find?
- When you choose a Bitcoin gambling site, you will be greeted with a welcome bonus. Most sites will also offer a special welcome deal, where you can receive an increased amount when redeeming the offer. As a real money player, you will also be able to redeem any listed promotion, which can include reloading bonuses, referral rewards, cashback offers, and more.
What are the top benefits of Bitcoin casinos?
- There are many advantages to playing with this cryptocurrency, but the most important benefit is the ability to play securely and anonymously. The instant transactions are also a benefit, along with special offers that will be presented by casino sites.