Due to the growing popularity of online casinos, users often ask which payment system is preferable to choose for the deposit and withdrawal processes to take place both easily and comfortably. Not the last place in the decision-making is the question of the safety of one or another method of depositing. Besides, the modern world is replete with a variety of proposals, among which you can just get lost. A user who has preferred the Bitcoin payment system to replenish the deposit can be confident in their security. There is probably no more transparent way to make payments. The fact is that Bitcoin does not involve mediation, like other payment systems that people are accustomed to use actively. Players choose the Bitcoin payment system for its convenience because the e-wallet can be downloaded directly to your smartphone. The visitor to an online casino, who preferred the Bitcoin system, can remain anonymous with certainty because you will not need to provide confidential data to use the payment system. An additional security guarantor is a fact that any financial transaction with the Bitcoin payment system is performed when a completely new address is generated. This can significantly reduce the risk of fraud. The indisputable advantages of using the Bitcoin payment system also include the absence of hidden payments, such as numerous commissions. Bitcoin can be a great alternative when depositing and withdrawing funds. For users of virtual gaming establishments, many clubs have already appeared, which offer customers to play slot machines using the Bitcoin electronic currency. In addition to the above, the size of bonuses paid by casinos in Bitcoins is often significantly more significant than the incentives in institutions operating with the use of traditional currencies. You can meet the Bitcoin payment system at such famous online casinos as Casino Extra, Bitcoin Penguin Casino, King Billy Casino, 7Reels Casino, Argo Casino and other.
How to make a casino deposit
In addition to already familiar to us bank cards and electronic money, there is an opportunity to play in a casino using the Bitcoin electronic currency. Today, Bitcoin as a possible means of making payments is quite common in many online casinos. The procedure for replenishing the game account using a Bitcoin wallet is standard. Only registered users can make transactions. A few simple steps can help make a deposit using Bitcoin:
- After the authorization on the site, go to the “Cashier” section and click on the “Deposit” button. In this section, you can choose a payment method. In our case, this is a Bitcoin wallet.
- Enter the desired replenishment amount (by default in mBTC) and click “Top up”;
- Send the specified amount to the address that appears in your Bitcoin wallet. This can also be done using a QR code by scanning it with a smartphone. After making the payment, wait for the confirmation of the transaction. By this time, the funds will already be on your balance sheet.
Recall that online casinos with Bitcoin have different conditions. It is essential to read these conditions so that you are not surprised that, for example, you suddenly lost the bonuses that you earned because they expired.
How to make a casino withdrawal
To withdraw money in Bitcoin, you need to make sure that the casino is able to receive such winnings. If so, then you should study the rules and limits to prevent misunderstandings. There is nothing complicated in the whole procedure of withdrawing funds from the gaming balance of a virtual casino. The first thing that every novice player will think about is the next steps that need to be made to withdraw the Bitcoins won. There are a few simple steps that you should follow to withdraw Bitcoin from the casino game. Creating an application for withdrawal as well as its confirmation will take you quite a bit of time. To withdraw funds, follow the following algorithm:
- Go to your account and check the balance, if the funds in the account are sufficient, then open the “Withdrawals” tab and select among the Bitcoin wallet options;
- Specify the desired amount for withdrawal and click “confirm”. Remember that first of all you need to familiarize yourself with the rules that are stated on the casino pages, including clarifying the minimum and maximum amount for withdrawal of funds;
- Wait for the confirmation of the transaction and receive a notification.
Before you create a request to withdraw BTC funds from your game balance, you need to be sure that the amount you are going to cash out is not part of the bonus, which, according to the casino rules, must first be won back. Some online casinos during the withdrawal period ask users to provide identity documents. Payments are almost instantaneous, except that the administration of a casino, regardless of which payment system you use, confirms an application for withdrawal from 1 to 5 business days.
Advantage/disadvantage of Bitcoin deposit/withdrawal method
Bitcoin is no longer the only cryptocurrency on the market, but it is still one of the few cryptocurrencies that are accepted in many online casinos. Using bitcoins as a form of payment has some advantages and disadvantages.
Advantages of Bitcoin:
- Anonymity (Bitcoin guarantees confidentiality for both the online casino and the player. Third parties can not see your information);
- It is easy to replenish the deposit and withdraw money (in contrast to other methods, action with Bitcoin occurs in a few clicks);
- Transaction speed (payments with the Bitcoin payment system mostly occur instantly and only in some cases can take up to 2 business days);
- No fees (most often other methods of withdrawing funds or replenishing the deposit require minimum limits and charge a commission, so you can send and receive almost unlimited amounts with a Bitcoin wallet);
- Decentralization (The Bitcoin electronic currency is not recognized as the official currency in any country, and therefore is not subject to taxation).
Disadvantages of Bitcoin:
- Volatility (the Bitcoin cost depends exclusively on demand and therefore can fluctuate strongly and sharply);
- There is no additional license (most likely the casinos that offer this payment method do not own the license of special jurisdiction, and payments made through the Bitcoin wallet are controlled by the users themselves).
Satoshi Nakamoto, Martti Malmi
Casinos that use the Bitcoin currency offer a wide selection of games, so there is something for every type of player. There is a choice among many virtual slots. But if you are interested in more traditional games, Bitcoin casinos can offer you a variety of blackjack, roulette, poker, and dice. It does not matter what game you decide to choose. I all cases, you are guaranteed to get fun. Besides, Bitcoin casinos usually offer higher bonuses and better promotions.
Mobile Bitcoin Casino
Many virtual casinos are trying to adapt their website and software to work on portable devices. The most modern online casinos that provide the Bitcoin payment system have their offers. Usually, they use the most popular games and regularly delight players with novelties. Just download the mobile version to your device and continue playing. Usually, replenishment through the Bitcoin payment system occurs quickly and guarantees security to customers.
Live Casino by Bitcoin
Live dealer casinos are a natural step towards the development of the online gambling industry. A fast internet connection and technological advances allowed players to enjoy authentic casino games without even leaving their homes. There is no need to make a trip to the nearest ground-based facility to feel the excitement of communicating with a live dealer and other players, as well as participate in their favorite board games such as Blackjack, Baccarat, Roulette, Sic Bo, Poker.
New Casino by Bitcoin
Some new Bitcoin gambling sites even have their unique games that other sites don’t have. Large casino software providers guarantee high-quality bitcoin games. Some of the newest BTC casino sites run faster than others, depending on the graphic content. If you have a slow computer or network connection, this also needs to be taken into account. The best Bitcoin casinos usually also have a high-speed graphical interface, which is always nice.
The games you can play
Modern online casinos offer a vast selection of online games for every taste. Replenishing the deposit through the Bitcoin payment system, you can access such types of games as:
Game software providers influence your gameplay. Most online casinos have many gaming software providers, and you can choose your favorite gaming provider in the casino lobby.
Bitcoin Bonuses for Real Money Casino
Each Bitcoin casino has unique offers that vary in size and complexity of wagering. Here are some of the most popular bonus offers:
- The deposit bonus (On Bitcoin casino sites, the most common perk is the deposit bonus. It works in such a way that the player is charged with a certain percentage of bonus funds on the amount of the deposit);
- Free spins (another type of bonuses that can be obtained in Bitcoin casinos. Slots lovers or those who want to get closer to this game of chance will like it. Gaming portals usually offer a choice of 1-3 applications where you can play free spins);
- No deposit bonus (this is a welcome bonus that can be provided either in monetary terms, in the form of free spins or as the opportunity to play the game for free. A player is only required to register)
In the process of constant competition, online casinos daily come up with new lucrative promotional offers for players and thereby entice them to use Bitcoin wallet.
Security & Support
Bitcoin uses the most advanced encryption technology that protects your BTC transactions. They are also used for government transactions. Thus, this is the most reliable thing that can be done at the moment. All transactions take place directly, which prevents third parties from accessing your personal information. As long as you follow the steps necessary to ensure the security of your Bitcoin wallet, no one can encroach on your funds.