Cryptocurrencies have become quite prominent in today’s world. It’s a straightforward payment method that you can use to submit payments for platforms that allow it. It grants the user several advantages, such as anonymity and quick transactions. Nowadays, it’s very common to find crypto casinos that accept Bitcoin, among many other cryptocurrencies, as a form of payment.
That said, if you want to play online casino games and would like to remain anonymous, cryptocurrencies are an excellent way to do so – especially those like Bitcoin.
Here’s what you need to know on how to deposit Bitcoin to an online casino and start playing without necessarily giving out information about your online activity to your bank.
How To Play Online Casino Games Using Bitcoin
- Create a Bitcoin wallet
First, you need to create a Bitcoin wallet. You can do so on websites known as “exchanges,” where you can buy and sell cryptocurrency to other users which can get you exciting casino bonuses once you purchase cryptocurrencies.
You may have to provide some personal data to the website while you’re registering before you can start making transactions. However, the process shouldn’t take less than an hour. Once you’re fully registered, now you have to create your Bitcoin wallet.
Now, the next step may look a bit different depending on the wallet you choose. For instance, sites like Binance automatically create a Bitcoin wallet for you. This site has two wallets, your “Spot” wallet, which is static funds, and your “Fund” wallet, which you can use to make transactions with other users. You’ll use the Fund wallet to receive or send Bitcoin and other cryptocurrencies most of the time. On other sites, you may have to manually create the wallet.
Once you’ve created the wallet, it will be assigned an address. It may look like random numbers and letters, but that’s what you’ll use to perform transactions with Bitcoin moving forward.
Either way, once you’ve created your Bitcoin wallet, the next step is to fund it.
- Fund your wallet
Now that you’ve created your Bitcoin wallet, now you have to fund it. There are different ways to do this, and both options are equally safe and risky.
The first option is to use the “exchange” part of the sites mentioned above to purchase Bitcoin from other users. You can choose the payment method you feel the most comfortable with, such as e-wallets like Skrill or PayPal. You can also pay using credit cards and bank transfers, among many other options. The process shouldn’t take longer than 30 minutes or one hour. Then, your wallet will be funded with the particular amount of bitcoin you’ve purchased.
The second option is to buy Bitcoin from “stores” or specialized sites. These websites allow you to buy Bitcoin within a few clicks without having to scroll among different buyers until you find the one with the best offer. However, these websites may have different rates.
Once you’ve purchased Bitcoin using either method, your wallet will have the funds you need to start playing at an online casino.
- Transfer the funds to the casino
The last step is to transfer the funds to the casino. All you have to do is log in to your casino of preference, go to the “make deposit” option, and choose “Bitcoin.” Then, the website should show you the casino’s Bitcoin address. You must go to your Bitcoin wallet and choose the “send” option to make your deposit.
Paste the casino’s Bitcoin address on the form and proceed to send the Bitcoin amount you would like to deposit methods into your account. The procedure should be done within 5-10 minutes.
If you want to withdraw money from the casino using the same method, you have to use your Bitcoin address instead. The cash-out time may vary from one live casino to another, although it’s pretty straightforward most of the time.
Crypto Casinos Are Very Popular!
Cryptocurrency has become a standard form of payment in today’s world. Although a long time will pass before it becomes fully normalized, you can already play in real money online casinos using Bitcoin as your primary form of payment. This way, all the transactions you perform at the casino will remain anonymous, and you’ll be able to have as much fun as you want without dealing with annoying limits.
Tons of casinos have started to accept Bitcoin as a payment method. Hence, if you haven’t found an online casino yet, it shouldn’t take you too long to find a good place where you can play your favorite casino games.