To begin with, cryptocurrencies are very reliable and trustworthy. Most of them use blockchain technology, which provides high levels of security and traceability of your transactions. Also, payments happen extremely fast. In some cases, they require only a few seconds. To make things even better, cryptocurrency transactions allow complete transparency.
What Cryptocurrencies Can I Use to Deposit and Withdraw at a Bitcoin Casino?
This is a good question. The term “Bitcoin casino” can be misleading. The reason is that it implies that the operator only allows you to use Bitcoin to play Internet gambling games. However, this is not necessarily true. Most Bitcoin casinos actually provide the option to pay with quite a few of the most popular cryptocurrencies. Some even offer a hybrid model, where you can utilize both fiat and cryptocurrencies. For instance, you can deposit in USD and withdraw in crypto.
That said, you should have in mind that the cryptocurrency market is flooded right now. Research shows that close to 6,000 cryptocurrencies are traded presently. Of course, not all of them are viable, so it makes sense for Bitcoin casinos to limit their offerings to the most used ones. You will frequently encounter some of the below options:
How Do I Withdraw from a Bitcoin Casino?
Withdrawing from a Bitcoin casino is not much more complicated than cashing out from a regular Internet gambling site. Enjoying your winnings when you have had luck in gambling is really the best feeling, but before we explain how to withdraw your funds, let us first concentrate on the prior steps.
If you are new to the world of crypto gambling, then you should start by choosing a crypto wallet. This is not as complicated as it might appear. Crypto wallets are simply websites, where you can buy, sell, and keep your cryptocurrencies. There are hundreds if not thousands of options, which may seem confusing at first. However, you can look up user reviews on the Internet and consult reputable expert guides to select the right one.
Once you have done this, you have another choice to make. In other words, you have to pick a good Bitcoin casino. This also requires you to do some research. The reason is that there are too many Bitcoin gambling operators right now. Most of them are secure and trustworthy, but many fake Bitcoin casinos exist as well that will try to take advantage of you. To avoid this, here are a few simple rules you have to follow when signing up with a Bitcoin casino:
Check the available licenses and regulations: A Bitcoin casino is like any other online casino in the sense that it has to be licensed and regulated. To find out if this is the case, open the website and go to the footer, which should contain the relevant information.
Observe the Safety: Safety is an ever-present concern when it comes to online gambling. The reputable Bitcoin casinos are quite secure in general, but you can still become subject to hacker or phishing attacks. To avoid this, visit the website and read about the security policies.
Test the games’ quality: It is important to be able to enjoy high-quality games, so see if the Bitcoin casino offers free demo play and decide if the products are worth it.
Research the payment options: Go to the Payments section and see what crypto banking solutions the Bitcoin casino offers.
Read the terms and conditions: Never sign up at any website without reading the Terms first. This will help you avoid unfair operators.
Evaluate the bonuses and promotions: Just as the rest of the Internet gambling websites out there, Bitcoin casinos offer bonuses to new and already-subscribed players. Check the deals to see if they are fair.
How to Deposit at a Bitcoin Casino
Before you can play any Bitcoin game, you need to deposit first. Bitcoin casinos allow you to do so in two ways: Either use your personal crypto wallet or buy crypto via the casino’s Cashier. The latter, however, involves additional charges.
To deposit, make sure you are logged in and visit the Payments section. Select your preferred cryptocurrency from the list and click on the Deposit option. Choose how you wish to send your funds and follow the casino’s instructions. Your deposit will be completed shortly, and you will be able to play.
How to Withdraw from a Bitcoin Casino
You already saw that depositing at a Bitcoin casino is quite effortless. So is withdrawing. To request a payout, you need to use your crypto wallet again. All you have to do is copy your wallet’s deposit address and paste it into the required field at the casino’s Withdrawal section. Before you complete the request, please make sure you want to withdraw using the same currency in which you have deposited. Once you have verified this, the last step is to validate your request. If you have performed all steps correctly, your winnings should arrive within a few minutes.
Now that you have seen for yourself how easy Bitcoin casino payments are, you can proceed to enjoy your favorite crypto games. We wish you good luck and we hope you win big!