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How To Deposit With Bitcoin
Bitcoin is one of the most secure payment methods available on casinos today.
The first thing you need to do is to acquire a cryptocurrency wallet.
After you have done that, you will get a personal wallet address that you can use to buy and sell cryptocurrencies.
Note: This deposit method requires multiple confirmations which means that transactions can sometimes take up to 15 minutes to process.
Here is a step-by-step complete guide to using Bitcoin when depositing to online casinos.
Time needed: 5 minutes.
How To Deposit With Bitcoin
- Pick your casino.
- Choose Bitcoin as deposit method.
- Enter your deposit amount and wallet address.
Casino Fees When Using Bitcoin
As a rule, there are no fees when depositing with Bitcoin.
But there are exceptions, so it is important you read the fine print before depositing.
We do recommend that you choose a casino without a deposit fee, even though the fees are most likely low.
Bitcoin Casino Sites
Every single casino listed above accepts Bitcoin as a deposit method!
And many of them accept it as a withdrawal method also.
Many players who prefer Bitcoin as a payment method do it either because they already have a bunch of cryptocurrencies available, or because they like the anonymity it provides.
Whatever your reason is, Bitcoin is a pretty decent payment alternative with its low fees and quick transaction times.
Most Bitcoin casinos do not offer no deposit free spins, however you can get those here.
The Advantages Of Playing On Bitcoin Casinos
One of the main advantages of using Bitcoin is the total anonymity that is provided.
These days, everybody’s info is being sold to third parties without their permission and with Bitcoin you won’t have to provide any personal information.
Most cryptocurrency wallets have apps available which means that you can use BTC as a deposit method anywhere you go!
This goes hand in hand with our first point, anonymity.
Because you are anonymous, there is absolutely zero risk involved regarding your money and personal information.
The only thing you need to watch out are shady casinos that will steal your money.
But if you choose a widely known casino, you are in the clear.
Transactions with BTC are very secure because of the blockchain and unique addresses.
The Disadvantages Of Playing On Bitcoin Casinos
- Lost wallet
One of the most common issues that BTC users have is losing their wallet.
We have heard of horror stories of people who have kept their wallet on only 1 hard drive that has later corrupted.
Sometimes it’s possible to save it but it’s not rare to read about people who have lost several millions worth of BTC because of the lack of a backup.
So, the moral of the story is, keep multiple backups!
It is possible to store your wallet on a portable USB, so our advice to you is to buy a couple and hide them around your house.
- Transactions fees vary
In theory, there is nothing that stops a casino from charging a 99% BTC fee.
But in reality, no one would play there if that was the case.
The highest fee we have encountered so far was 5% for a single deposit which for us, is too damn much.
Beware of casinos trying to rip you off, a small fee at a time.
Bitcoin does not have any official support centre.
However, there are hundreds if not thousands of crypto forums at your disposal.
If you encounter a problem using your wallet, chances are that your problem is included in their FAQ.
How To Withdraw With Bitcoin
Withdrawing with Bitcoin is just as easy as depositing with Bitcoin is.
The moment you request a withdrawal, the casino will process it.
However, it can take up to 24h for the transaction to be completed.
The blockchain process needs some time to validate and confirm the transaction, to ensure that it is a valid transaction.
Sometimes this can come with a small withdrawal fee.
Everybody hates fees, but for a method that is 100% anonymous, it’s not too bad.
Requirements Of Using Bitcoin
In order to use Bitcoin when playing casino, you will need a crypto wallet and some cryptocurrency.
You will use your personal wallet address and deposit and withdraw whenever you please.
You only need a crypto wallet.
Bitcoin was created in 2009.
Yes, they are also in the above casino list.
Every casino listed above accepts Bitcoin as a deposit method and some of them accept Bitcoin as a withdrawal method too.
Bitcoin is an anonymous cryptocurrency established in 2009 by founder “Satoshi Nakamoto”.
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Transaction Time: Instant.
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Deposit Fee: Varies, but often 0 CAD.