Players are not always willing to show their love for real money entertainment. Sometimes it is inconvenient for online visitors to pay with fiat money. The casino with cryptocurrency comes to the rescue. In addition to anonymity, this payment option in the game club has several other advantages. For example, customers owning BTC or ETH have no doubts about the safety of financial transactions. Transactions, if the network is not overloaded, are faster: you can get the money on your account almost instantly.
The main advantage of reliable online casinos with good returns that offer bitcoin or altcoin deposit, play and withdrawal is the opportunity to accumulate several times more cryptocurrencies, have fun and not spend money on cumbersome mining equipment.
Casinos that support bitcoin deposits
In 2011, the first bitcoin casino that accepts bitcoins appeared. Since then, many brands have picked up on the idea, and some have developed sites specifically for cryptocurrency payments. Some companies offer bitcoin deposits, while others are expanding the list of options available – Ripple, Tether, Litecoin, Ethereum and others.
How about Bitcoin?
Electronic currencies also include digital currencies or cryptocurrencies, which is an electronic monetary item generated through computer networks to replace traditional currencies.
Paying in digital currency isn’t the same as using a credit card, debit card, PayPal or ApplePay-all these payment systems rely on traditional currencies such as US dollars, British pounds sterling and Chinese yuan.
A digital currency has a value that comes from exchanging traditional currencies or goods for digital currency items on special Internet exchanges, called BitPay. The way in which these Exchanges operate is a bit like PayPal, although not related specifically to it.
Traditional currencies, goods and gold values are determined by national and international bank standards.
How to choose a bitcoin casino
Determining the best and most reliable bitcoin casino to play for real money can be a daunting task. However, there are certain criteria that you should pay attention to:
- Open access to smart contracts: Check if the casino provides access to smart contracts that ensure reliability and anonymity of transactions.
- License: Make sure the casino is licensed by a reputable regulatory body to ensure fair gaming. Pay attention to the logo, license number, and expiration date on the casino’s website.
- Variety of Games: Check out the games the casino offers and pick the ones you are interested in. Make sure there is original content and licensed games.
- Bonuses and Loyalty Program: Explore bonus offers and loyalty programs that can make your game more profitable. However, pay attention to the bonus wagering rules.
- Tournaments: Check if the casino offers regular tournaments that give you the opportunity to win additional cryptocurrencies.
- Reputation: Research ratings and reviews from other players about the casino to make sure it is safe and fair.
Also pay attention to the deposit and withdrawal limits, as well as the maximum amount allowed for transactions per day or month.
How do I get bitcoins?
Before you can start playing at bitcoin casinos, you will need to purchase bitcoins or other popular cryptocurrencies. One way to do this is to use cryptocurrency exchanges.
Cryptocurrency exchanges make it easy to convert regular money into cryptocurrency. Simply sign up for an exchange, fund your account with a credit card, debit card or bank transfer, and then select the desired cryptocurrency to purchase. The bitcoins you receive can be transferred to your wallet and used for deposits at bitcoin casinos.
How to make a deposit to bitcoin casino?
The process of making a bitcoin casino deposit is very similar to the process of making a fiat currency deposit. Here’s how to do it:
- Log in or register with the casino.
- Go to “Deposit” or “Cashier” and copy your bitcoin wallet address on the screen.
- Open your cryptocurrency wallet or account and create a transfer order. Paste the copied address into the recipient field.
- Some modern casinos offer QR codes for quick and instant deposit via mobile device.
- Note that cryptocurrency transfers can take some time to confirm on the blockchain, so you need to be patient and wait for the transaction to be confirmed before you start playing.
Bitcoin online casinos with a limit
Another advantage of using bitcoins at online casinos is the ability to set withdrawal limits. This may not be that important to regular players, but players with high stakes or VIP players will definitely appreciate this feature.
Traditional casinos usually limit the amount you can withdraw from your account per day, week or month. In practice it looks like this: if an online casino with Bitcoins has a maximum withdrawal amount of €3000 per week, then Bitcoin withdrawals will be available even after reaching this level.
Another advantage of Bitcoin is its relatively low transaction fee, which reached a minimum in March 2020. Currently, the transaction fee is usually around 1 satoshi, which is the lowest bitcoin unit.
In other words, the BTC transaction fee is only one cent per dollar, while credit card transactions are typically charged at 3%. This difference alone may explain why so many online casinos have adopted this new payment method.
How do I choose my winnings?
You can withdraw your winnings to any cold or online cryptocurrency wallet. The user does not need to register with the new service. To order a payout in coins you need to:
- Authorize and log in to the personal account;
- Verify (if necessary);
- Open the tab “Choose winnings” or “Payout”;
- Choose a suitable altcoin;
- Enter how much money you want to withdraw. The service will automatically calculate the commission and withdraw the final amount. You need to enter your cryptocurrency wallet data in the address field. Important: Transfers are not refundable. If you make a mistake in the address, you will not be able to get your funds back.
Good sites process requests 24 hours a day, 7 days a week. It lasts from 2 minutes to 48 hours. The speed of the transaction itself will depend on the cryptosystem chosen and its workload during that period.
What are the benefits of playing with bitcoins?
The reasons why players choose cryptocurrencies:
- High transfer rate. BTC transactions often take anywhere from 2 to 15 minutes. In the case of bank cards, a transaction can take up to 3 days;
- There are no minimum deposit limits. This means that even 0.00001 bitcoin can be deposited. Fiat often has stricter requirements;
- Blockchain technology is sometimes used. This means that data about the results of all user rounds, the balance in the casino is freely available. This information cannot be changed. This way it is possible to cut off operators who buy software with low RTP or do not pay out winnings;
- Quick conversion of bitcoins to fiat and other altcoins. You can do this on any exchange or through a currency exchanger.
Bitcoin Casino Gaming
Virtual sites that accept e-money usually offer the same range of entertainment as the classic fiat clubs. This means that the number and variety of games does not depend on the payment systems integrated into the site.
Players usually have access to a wide selection of games:
- Slot machines;
- video poker;
- Black Jack;
Entertainment is presented by well-known providers: NetEnt, Microgaming, PlaySon and others.
However, some cryptocurrency casinos offer quite different entertainment. They resemble minigames in some online casinos: graphics are kept to a minimum, there is no plot, only graphics and betting fields. The goal of these portals is to give you the opportunity to earn fractions of miles of cryptocurrency.
Security with bitcoins
Security is one of the main features of bitcoin casinos. Compared to traditional gaming sites, crypto gambling portals have more options when it comes to security guarantees.
All cryptocurrency transactions take place using special encryption codes. These codes make all financial flows in any direction anonymous, eliminating control by the banking sector.
Blocking bitcoin-casino accounts for unscrupulous actions of players is excluded, as all processes of deposit and withdrawal of funds are not affected by the human factor.
It looks like cryptocurrency isn’t going anywhere and will remain a fast, exciting and cost-effective way to make transactions at your favorite cryptocasino. Cryptocurrencies can be used for the convenience of not only cryptocurrency miners, but also the general public. There is no fundamental difference between using cryptocurrency and the standard payment method, except that it provides complete anonymity to the player, which increases the security factor. Join the crypto-revolution and invest in your own online cryptocurrency.