Bitcoin, the most popular digital currency, can be used freely for gambling transactions. Choose the crypto gambling site you like, deposit in Bitcoin and enjoy the experience.
About Bitcoin (BTC)
Bitcoin or BTC is a cryptocurrency that was invented in 2008 by a mysterious person or group under the name Satoshi Nakamoto and started in 2009. There are no physical bitcoins and they are not backed by any bank or government. Bitcoin is the world’s largest cryptocurrency, and can be traded and stored with the use of a blockchain. Bitcoins can be used for instant payments wherever it is accepted, and can also be used for gambling. Bitcoin gambling seems to have become more popular since 2012.
Using Bitcoin for Gambling
Bitcoin is probably the most popular digital currency amongst players that prefer to gamble using crypto currencies. Bitcoin can be used just as any other currency for payment at online gambling sites.
Players prefer using bitcoins for several reasons; simply because all of the transactions are anonymous and secure, meaning no government’s prying eyes on your moves. Another reason is because they can get bitcoin bonuses at casinos that accept bitcoin.
It is very simple to use Bitcoin at gambling sites, and even better for mobile gaming transactions. Before you start exploiting the fast payment processing and low fees, there are several conditions that you need to complete before you are ready to use Bitcoin at online crypto gambling sites.
The first thing you need is to create your own Bitcoin wallet, where you store your Bitcoins. There are a number of companies that you can use in order to create the wallet.
Once you sort out the wallet, then you will be able to send and receive payments in Bitcoin. Obviously, in order to deposit Bitcoins at a crypto gambling site, you will need to have Bitcoins in your wallet.
There are a number of ways that you can acquire Bitcoins such as mining or using a Bitcoin ATM but we will not go into those methods in detail. The most common way to acquire Bitcoins is via a Bitcoin Exchange. These are online platforms where you can deposit in FIAT and then buy or sell in Crypto – including Bitcoins. Once you have completed your transaction – in this case, buying Bitcoins – then you can send these Bitcoins to your personal wallet.
Depositing in Bitcoin
The last step is to deposit the amount of Bitcoins that you want into the crypto gambling site that you have chosen. How many Bitcoins you deposit, depends totally on you. Usually players will exploit the BTC Welcome Match Bonuses that crypto gambling sites offer, and will deposit the maximum amount they can in order to match the maximum bonus on offer.
Usually, you will need to visit the gambling site’s cashier or payment page where you will find straight forward details of how to deposit. Most of the sites, if not all, will have a QR code that you can scan with your phone which is amazing for players that prefer mobile gaming.
You should enter the amount that you want to transfer from your wallet, and then you can send. You will see your Bitcoins appear in your online casino account in a few minutes if not seconds.
As mentioned before, you should visit the payment page of each gambling site to get accurate information of how to deposit using Bitcoins. Also, remember to send your Bitcoins from the exchange to your wallet, and then to the online gambling site and not straight from the Crypto exchange. The reason is that there have been cases where exchanges have blocked these transactions to crypto online gambling sites.
Once the Bitcoins arrive at your gambling site account, then you are ready to enjoy a massive selection of games and a one of kind gambling experience.
Where can I play with Bitcoins?
Most if not every single crypto gambling site will accept Bitcoin as we are talking about the most popular digital currency out there. Please see below a number of gambling sites that bestcryptogamblingsites.com have reviewed and accept Bitcoin as a depositing method.
More Bitcoin Casinos