As cryptocurrencies are continuing to interest more and more people, casino sites are implementing crypto methods at their sites, both for depositing and withdrawing funds. Today, there are hundreds of thousands of players that prefer using crypto, especially Bitcoin, to fill their accounts.
Continue reading if you want to discover how you, too, can deposit bitcoin at a casino platform, play, and later if you are lucky enough, cash out your winnings.
Table of Contents
Picking a Legit Casino Site
Before we dive into the process of depositing funds, we have to give you some tips on how to choose the best bitcoin casino online. There are two features that a casino site has to have in order for it to be considered safe and secure:
- License
- Other additional security measures
License
If you want to start playing casino games, the first thing that you will need to do when visiting a site is to check for a valid gaming license. There are two ways to learn if a casino site holds a license.
You should either go to the terms and conditions page or just scroll to the bottom of the main page and look for a certification logo. Some of the more well-known license providers include Malta Gaming Authority, Kahnawake Gaming Commission, the UKGC, the Government of Curacao, etc. If the site holds a license from any of these organizations, then you are in the clear.
Other Security Measures
Another important feature that every casino site must have is SSL encryption technology. With this certificate, players can be assured that all of their transactions will be kept safe and secure.
An easy way to check if the site has SSL encryption is to see if the URL of the site begins with HTTPS. The ‘S’ stands for the SSL certificate.
Depositing Bitcoin at Casino Sites
Once you establish that the casino site you have chosen is legit and safe to play, it will be time to place your initial down payment. Players will have to follow a few steps if you want to make a Bitcoin Payment. Following is what the process looks like.
Buying Bitcoin
Buying Bitcoin today has been made super easy thanks to loads of available exchange sites. While some sites will offer you a place to buy and have a crypto wallet, it is wise to separate the two.
Head over to the site where you will buy Bitcoin and create an account. Then, enter the required info and verify your account. Once your account is up, you will need to pick which payment option you will use.
Most of the time, credit cards, e-wallets, and bank transfers will be available. However, you should keep in mind that the first two will be way faster than choosing a bank transfer. Also, you should be aware that there is a fee of about 1% when you buy Bitcoin.
Creating a Crypto Wallet
Storing Bitcoin is the next phase, and there are various sites that provide you with crypto wallets. After you have your wallet set, you can generate an address, which you will need to enter at the exchange site in order to send Bitcoin to your wallet. Choose the amount you desire, either entering it in BTC or other currency.
Making the Deposit
Once you have your wallet set, you can recreate almost the same process to deposit Bitcoin at a casino site. Click to enter the Cashier section and choose Bitcoin as a payment method.
The casino site will generate an address that needs to be entered into your crypto wallet. Select the amount and click send. Depositing with crypto is instant at every Internet casino, so you will have the funds ready to play.
Bitcoin Promos at Online Casinos
To maximize your stay at a casino site, you may want to claim some of the available perks. Besides the standard perks, the best bitcoin casino online will give special incentives to players that use bitcoin.
You can expect exclusive reload perks, deposit matches, and even cash-back incentives. All of these perks will be available if you deposit funds using Bitcoin, while the wagering limitations may vary from one offer to another.
Type of Casino Games
All of the casino sites that accept crypto will also have a stacked game library. Once you registered an account, most of the casinos will even let you try out the games in demo mode. When you enter the game section of an online casino, there will be game categories such as slots, progressive jackpots, table and specialty games, and a live dealer section.
Withdrawing Using Bitcoin
If you are lucky enough to win at any of the casino games, you can carry on playing or request a withdrawal. If you have been using a promo while playing, there will be some wagering limitations you will have to fulfill before you are able to cash out funds.
After you have met the playthrough requirement, you can request a cash out using Bitcoin. The massive advantage that Bitcoin gives is that there will be no waiting whatsoever. Unlike credit cards, e-wallets, cheques, or bank transfers which can take somewhere between 1 and 5 days, withdrawing with Bitcoin or crypto, in general, will take only a few moments.
The process is quite the same as depositing, except this time, you first need to copy your address from your wallet. Then, you open the Cashier tab, select to withdraw, pick Bitcoin, enter the amount, and paste the address. Your winnings should be transferred within minutes.
Conclusion
Even though the process of depositing and withdrawing is a little different from other banking methods, using Bitcoin at online casino sites is not so complex. Plus, you get everything done quicker.
More and more online casino members are using Bitcoin because of the instant transactions and anonymity it provides. So hop on the Internet, find the best bitcoin casino online, register, and start having fun!
