Bitcoin for casinos it is still unpopular amongst casino players and very few casinos offer it as a payment method. Yet, Bitcoin is one of the world’s most well-known and widely-used cryptocurrencies. The main advantage that comes with using Bitcoin is that the house edge is lowered by 1.5-2% in comparison to other online payments.
Bitcoin for Casinos: How it Works
All you need to do is find a casino that accepts Bitcoin, create an account, and make a deposit. There are several online casinos that make separate bonuses specifically for Bitcoin users.
Which Online Casinos Accept Bitcoin?
Because a limited number of casinos accept Bitcoin, it can be a tough task to pick the best online casino for players who want to use this cryptocurrency. For that reason, we created a list of the three best online casinos for Bitcoin enthusiasts.
Bitcoin for Casinos: Payment and Withdrawal Process
Both deposits and withdrawals can be made using this cryptocurrency. Unlike most other payment methods, the funds will immediately be transferred to your casino account and Bitcoin wallet. This is probably the only payment solution that allows instant withdrawals.
To be able to use this method, you need to have a Bitcoin wallet. If you have one and the online casino accepts Bitcoin, then you are ready to go. You don’t need to give any information at all to be able to make deposits and withdrawals. When it comes to fees, there are none that come directly from the Bitcoin wallet. However, one downside is that the price of Bitcoin frequently fluctuates and it will not have the same value all the time.
Bitcoin for Casinos: Safety & Security
With Bitcoin, security is at the highest level to make it impossible for third parties to get a hold of your information. All transactions are encrypted, meaning there’s an extra layer of security placed on top which prevents anyone stealing your details or hijacking the money while it’s being transferred.
For someone to make fraudulent transactions with your Bitcoin wallet, that person would need to have both your login information and the actual physical device (computer or phone) where the wallet is located. On top of that, if you download the Bitcoin app, you will be able to track all the Bitcoin transactions going in and out of your wallet.
- Safe and secure transactions
- Instant deposits and withdrawals
- The value of the Bitcoin fluctuates
- Very few casinos accept Bitcoin
The Bitcoin payment solution is handled through your Bitcoin wallet. So, if you have any problem, you will be contacting the customer support team of the website that got you that wallet. This can usually be done via e-mail, telephone, and live chat.
The welcome bonus with Betway Casino can be as much as £1500, Mansion Casino can get you £500 while Casino.com has a £100 bonus. Karamba will give you £200 as well as some free spins while Casumo has a £300 welcome bonus.
With Bitcoin, you can get instant withdrawals. This is a rare occurrence with other banking options.
Opening an account with any online casino is free. On the other hand, you need to deposit money to play their games.
Bitcoin is its own currency (hence, ‘cryptocurrency’). So, if a casino accepts Bitcoin, then you don’t need to worry about currencies and conversions.
If you prefer to avoid using the Bitcoin payment option, there are many other methods to choose from, for example, there are e-wallets like PayPal, Neteller, Ecopayz and Entropay, as well as credit/debit cards like Visa, Mastercard and Maestro.
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