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Most online casinos preferred to stick to traditional banking methods and popular e-wallets and give Bitcoin a pass.
All that has changed in the last 24 months as Bitcoin has become immensely popular throughout the world. The crypto-currency has had its share of naysayers who believe that it is a passing fad but as whole Bitcoin is now widely being accepted across the world.
There is no special way of figuring out the difference between Bitcoin online casinos and online casinos that do not accept Bitcoin. This is because the only difference to a Bitcoin friendly online casino is its payment processing page which provides players with the option of making deposits and withdrawals using their Bitcoin account.
Bitcoin relies on the innovative blockchain technology which makes the crypto-currency extremely safe to use and allows Bitcoin users to maintain their anonymity.
The combination of top end security and user anonymity is greatly valued in the online gaming industry as players want their identity protected along with the assurance that their personal and financial information will not be compromised.
Bitcoin gives online casino players this assurance and is one of the reasons why it is now being widely accepted by online casinos.
Bitcoin is a decentralized crypto-currency which means that it is not owned or controlled by any government, bank, financial institution or individual.
There are a number of popular Bitcoin wallets that allow players to create a Bitcoin account which they can then use to buy and sell.
There are four different types of Bitcoin wallets which can be classified into desktop, mobile, online and hardware. The easiest option for beginners is the online Bitcoin account.
Players will first have to register for an account before heading over to a Bitcoin exchange where they can use their credit card, debit card or online banking to purchase Bitcoin directly from the Bitcoin exchange.
They will have to follow the same process if and when they decide they want to sell their Bitcoin. Once a player has received Bitcoin in his Bitcoin wallet, they can then proceed to a Bitcoin online casino and make their first deposit.
Before we tell you how to go about making your first Bitcoin deposit, we must point out that there are a number of No Deposit Bitcoin casinos that provide you with different bonuses once you sign up.
These bonuses are provided even before you can make a Bitcoin deposit but do keep in mind that they are subject to stipulated wagering requirements.
The first thing you need to do before you make a Bitcoin deposit at an online casino is to decide which Bitcoin friendly casino you are going to sign up with.
This page gives you a great list of Bitcoin friendly online casinos. The process to sign up for a real money online casino account is relatively simple and quick.
Once you sign up, you will be credited with the special sign-up bonuses that will allow you to play for free and try out the new online casino.
Once you are ready to play for real money, you can go to the banking section and choose the option making a Bitcoin deposit. Here is a quick list of the steps you need to follow to make your first online casino Bitcoin deposit.
Once this process is completed successfully, you will then be able to play real money online casino games using your Bitcoin deposit.
Now that you are familiar with making Bitcoin deposits at your online casino, the process of withdrawing Bitcoin should be fairly simple.
Go to the Banking page click on the withdrawal option and enter the amount of Bitcoin you are going to withdraw.
You will then be asked to enter your unique Bitcoin deposit address. Once you have entered this, click the cash-out button and the process is complete.
When you login to your Bitcoin wallet, you will find that the cash-out amount is reflected in your Bitcoin wallet as the transaction will be processed immediately.
Whichever Bitcoin online casino you decided to sign-up with, we encourage you to carefully read these rules as they specify the wagering requirements that you must fully comply with in order to enjoy your no deposit bonus.
These wagering requirements are different with each online casino. We take a look at some of the standard no deposit bonus rules. Wagering Requirements: Online casinos will specify that the amount of the no deposit bonus must be played xxx times before a cash-out can be allowed.
Maximum Limit: Most online casinos will set a cap on the limit you can withdraw from your no deposit bonus. Account Ban: If a player decides to make a withdrawal without fulfilling the wagering requirements, an online casino could end up banning that player's account based on their policy.
ID Proof: Online casinos often make it mandatory for identification and verification proof to be provided in order to process the first withdrawal request.
Restricted Countries: While online casinos offer exciting no deposit bonuses to all new players, these bonuses can be restricted from certain countries usually where online gambling is banned.
Bitcoin Casinos are online casinos that allow you to deposit and withdraw using the cryptocurrency Bitcoin.
Some online casinos allow you to wager using Bitcoin. However, it is more common for your Bitcoin to be translated into its equivalent value in a more traditional currency.
Even if a casino converts your Bitcoin deposit into a more traditional currency, you can still withdraw the value of your winnings back into Bitcoin.
There are also games in which you can wager using Bitcoin. Examples of these games include titles such as:. There are many advantages to using Bitcoin over other, more traditional currencies.
Whilst you may be limited to fewer online casinos using Bitcoin, you can reap the many benefits, which include:. Depositing using Bitcoin is just as easy as it is with any other Banking Method.
All you have to do is log in to your casino account and select the Bitcoin option when making a deposit. Your funds should be deposited immediately.
The exchange rate of this conversion is equal to the value of Bitcoin at the time of the transaction. If the value of Bitcoin surges, you will be able to convert it for the same total value.
Yes, you can play at Bitcoin Casinos using your mobile device. Bitcoin is simply a depositing method.
BitStarz is a casino specialising in Bitcoin transactions and Bitcoin games. Since its conception in , it has gone on to establish a reputation as one of the leading Bitcoin Casinos in the world.
Yes, deposit bonuses are available using Bitcoin. We have listed the best, current Bitcoin Deposit Bonuses on our site.
No Deposit Bitcoin Casinos for A few years ago it was relatively difficult for one to find a reliable online casino that accepted Bitcoin because the crypto-currency was new in the market and there was a lot of controversy and risk surrounding Bitcoin.
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