Bitcoin has become an indispensable currency in the world of gambling, and it no longer holds any secrets for punters. If bookmakers are not hesitating to adopt it, it is now the turn of online casinos to make it a payment option. If you want to play slots with the new blockchain technology, bitcoin and other cryptocurrencies are available to you. Find out how to use them in casino games here.
The first step to playing online casino with Bitcoin is to have a wallet account. This makes sense when you consider that you will need a certain amount of BTC chips for wagering. As a rule, these chips must first be stored in a wallet account. However, it should be remembered that Bitcoin is not the only cyber currency to bet on. You have the option of using Ripple, Monero or even Ethereum. For this purpose, several digital wallets are accessible on the Internet and the steps on opening an account are simple:
It is obvious that you cannot play poker without a minimum amount of funds in your wallet account. Therefore, the next step is to purchase Bitcoin or other altcoins of your choice.
There are several sites that offer you to trade crypto assets for real money. Simply identify the one that offers the most benefits and log on to its website. After that, look for a user account there. Usually, the registration is secure and goes smoothly.
Once your account is created, take care to perform a two-factor authentication (2FA) to strengthen its security. Conveniently, this involves entering a PIN code from your smartphone to access the account.
As soon as the site verifies compliance with the 2FA phase, you can freely buy cryptocurrencies. Activate the "Instant Buy" feature, find a potential seller and trade their tokens. They will be directly transmitted to the account you just opened on the site and not your wallet account.
The wallet account is the one you will need as a player when depositing or withdrawing from the casino site. Therefore, it is necessary to transfer to it all the chips previously purchased in the previous step. Here for you the various phases to achieve this.
A wallet address is a 20+ character alphanumeric identifier. You can easily get the one for your account in your user area, then on the "My Wallet" tab. Carefully copy the combination of numbers on the window that will appear.
Currently, the funds available in crypto currencies are saved in the balance you have created on the exchange platform. Therefore, it is from the latter that the transfer will be made. To do this, find the "Send/Request" button and click it. On the transfer window that will open, simply enter the address of your wallet and the amount of digital currency to send. Your wallet account will be credited within minutes.
Now that you have the resources in your wallet to play, find a trusted casino. Obviously, not all online gambling houses accept crypto assets as a means of payment. So take the time to identify one that offers you this opportunity while presenting regulated licenses.
Once you have found the right site, navigate to its interface to create an account as a player. After that, access the deposit funds page to deposit your Bitcoins to the site. It is worth remembering that the transfer procedure remains quite classic:
The transaction should be effective in a few seconds through which the amount in USD or EUR will appear on your betting account.
Did you get lucky with big winnings? You can withdraw them all in just a few clicks. First, log in to the casino site to access the cashout area. As a reminder, you cannot change the payment method at the withdrawal level. This means that the deposit method and withdrawal method must be the same.
When confirming this, don't forget to enter your wallet account address. The casino will take care of transferring your cryptocurrency earnings to you. Once the transfer is done, you have the option to convert all your profit back into fiat currency for real life use.
Last time I checked, traditional payment methods are not flawed when it comes to online gaming. So it's natural to ask why there is so much interest in using Bitcoin and other digital currencies. Indeed, the answer boils down to the following benefits:
It's an open secret: transactions made from a cryptocurrency are particularly faster than traditional means. Whether it's a deposit or a withdrawal, the processing time is effectively reduced. Better still, each transaction is secure and carried out with the utmost transparency.
During a transaction, it is quite common to notice large service fees applied by online casinos. With cryptocurrencies, this situation is almost non-existent. Due to their digital and independent nature, they provide transfers that are free or low taxed.
If you want to hide your gambling expenses from your banker, Bitcoin and its companions remain the best solution. It is known to offer total anonymity to all its users. You don't need to leave your bank account details or any other personal information before playing. With a simple wallet consisting of an email, all slots and poker editions are available to you.
