Bitcoin casino sites

Best Bitcoin accepting casino sites 

How to set up your Bitcoin wallet

Bitcoin is a crypto-currency, or simply put it’s a form of digital currency. The difference between Bitcoin and the USD is that it mainly operates between peers without a central bank. However, you have to go through a process known as ‘mining’ to obtain the Bitcoins.

The mining process is quite easy. First, you have to purchase the coins from an authorized exchange service like Bitstamp. Another way of mining the coins is by making a wire transfer into your Bitcoin wallet. Once you have completed the transaction, the coins will be available in your account almost immediately.

You will, however, be charged a small fee for the Bitcoin mining processing. Also, it’s always advisable not to have a lot of money in your wallet. This is mainly because of security reasons. 

How to deposit using Bitcoin casinos

Once you have set up your wallet, you will be provided with a Bitcoin address. This address has up to 33 characters that contain numbers and letters. Once you have confirmed that your online casino accepts this payment option, you will then be required to register your Bitcoin address at the casino’s cashier page when depositing.

It’s good to first inquire about the casinos welcome bonus policies. This is because in some online casinos you will not qualify for the new player bonus if you use Bitcoin to make the first deposit. One great thing about Bitcoin casino sites is that there are no depositing charges. This makes this option more convenient and pocket-friendly. 

Bitcoin casinos security 

Online casino transactions can, at times, be risky. Bitcoin knows this, and for this reason, it uses the latest data encryption method. Also, since there is no central bank, your funds are safe from regular banking regulations.

Bitcoin is by far the safest method of conducting online casino transactions. This is because; you will not have to provide your private details when making deposits. The only requirement is your Bitcoin address.

There are also several ways of ensuring that your Bitcoin wallet is safe from hackers. Some include:

• Backing up your Bitcoin wallet; it’s always advisable to have a backup of your Bitcoin wallet. This will help whenever your main account encounters an issue.
• Saving up only the needed amounts; to ensure that your Bitcoin wallet is safe, it’s good to only have small amounts in your wallet. This will reduce the risk of you being hacked.
• Always update your Bitcoin software; you should always keep your wallet software updated. This minimizes the risk of security vulnerabilities and bugs.

Bitcoin transaction fees

The reason why Bitcoin is popular among gamblers is its affordable transaction fees. When you deposit using Bitcoin at any online casino, it’s free of charge. But, you will be required to pay a certain amount during the mining process. This Bitcoin mining fee is so minimal that you will not feel the pinch.

With Bitcoin, there is no currency. However, your coins will be converted into real currency at the point of withdrawal. Unlike other e-wallets like PayPal, with Bitcoin, there are no conversion fees. Therefore, you will not incur any cost to change your coins to your preferred currency.

Bitcoin withdrawal times

Some online casinos may limit withdrawals via Bitcoin. For those that accept it, there is a standard processing time of about three days for all banking options. Once your funds are credited to your Bitcoin wallet, it has to go through the blockchain. It will then take about one hour for the funds to reflect in your wallet.

Pros 

• Making deposits using Bitcoin is free of charge
• Bitcoin is available in over 100 online casinos 
• Fast processing time for both deposits and withdrawals
• Bitcoin is not tied to a central bank-your funds can’t be frozen
• The Bitcoin mining process is easy and affordable

Cons

• Prone to security vulnerabilities as there is no government involved
• The Bitcoin value fluctuates regularly

Bitcoin casinos review summary

Bitcoin has over the years been the go-to banking option for online gamblers. This method of payment is convenient for players who don’t want to deal with typical banking regulations. Also compared to other casino payment options, Bitcoin is relatively pocket-friendly as there are no depositing or withdrawal charges. 

Therefore, if you are looking for a casino banking option that will make your gaming experience more enjoyable, then start mining today and play at any of our recommended Bitcoin casino sites today!

Bitcoin Casinos FAQs