Bitcoin Casinos
Bitcoin is a payment system that is unique because it is powered by users without a central authority or a middleman. Instead, it is controlled by users from around the world. This concept called crypto-currency, first implemented by Bitcoin was described in 1998 by Wei Dai. It wasn’t until 2009 that the Bitcoin specification was published in a cryptography mailing list.
A public ledger called a “block chain” keeps a record of every transaction processed allowing your computer to verify and validate the authenticity. All transactions are protected utilizing a digital signature that matches the users address. Used by individual users and businesses alike, Bitcoin has grown remarkably fast with millions of dollars exchanged on a daily basis.
How to deposit at a casino using Bitcoin
Here are 3 examples (Slotland, Big Spin, 888 Tiger) with screenshots of how to deposit at an online casino with Bitcoin. We have also created a unique tutorial video on how to deposit at one of the bitcoin friendly brands, you can check it out.
Advantages Of Bitcoin
Using Bitcoin as your wallet is a much easier process than making debit card or credit card purchases that do not require a merchant account. Payments can be made through your computer or mobile phone application.
Once it is installed on your computer or mobile phone, it will create your Bitcoin address with accessibility to more whenever needed. Your address can be shared with friends where payments can be received or payments can be sent.
Money is sent instantly to anywhere around the world and bypassing any delays with no bank holidays, no borders or imposed limits. Payments are processed with zero fees or in some cases very low fees. Fees imposed are for processing transactions as priority resulting in faster confirmation from the network.
All transactions are secured and irreversible protecting your sensitive data as well as merchants from fraudulent activity and chargebacks. Every transaction must be tied to the user’s personal information, protecting against identity theft. However some casinos can be anonymous, we have prepared a list of casinos here.
Disadvantages
The software is in an ongoing development stage with many new features in the works, including new tools and services.
How to buy Bitcoins
If you're from the US, it's a process to exchange your currency for bitcoins. Due to all the monitoring and online gambling restrictions in place with US-friendly e-wallets, Americans are approaching this in a roundabout way involving Coinbase to purchase bitcoin, then opening up a second e-wallet to transfer balances. From the second e-wallet, for example, bitcoin.info wallet, the cryptocurrency may be used to fund online casino accounts directly. Cashouts are withdrawn to the funding e-wallet and transferred back to Coinbase to avoid direct association with prohibited gambling activity.
Once you have a few bitcoin in your possession they can be used to play a large selection of games at any of the bitcoin casinos listed below.
Bitcoin Friendly Slots Software
- Bgaming
- Habanero
- Mr Slotty
- Booming Games
- Belatra
- BetSoft
- IGTech
- iSoftbet
- Platipus
- Vivo Gaming (live dealer)
You can view all of them on our software directory list here.
Related Reading
- Everything You Need to Know About Bitcoin Casinos
- Bitcoin dedicated section in the forum
- A Comprehensive Guide to Bitcoin Wallet Types
- How to Deposit and play with Bitcoin
- Why Bitcoin is the Best Way to Withdraw Money from Online Casinos
- Funding Your Wallet with Casino Winnings
- Provably Fair Casinos
- Five Can’t-Miss Advantages to BitCoin Gambling
- What are NFTS?
Bitcoin price
Bitcoin payment method fees and facts | |
Bitcoin is popular in these countries United Arab Emirates, Argentina, Australia, Canada, China, Germany, Spain, Finland, France, United Kingdom, India, Iran, Japan, Malaysia, Netherlands, Norway, New Zealand, Russia, Saudi Arabia, Sweden, Singapore, Slovakia, United States, South Africa | |
Link to terms & conditions | https://bitcoin.org/en/ |
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Step by Step Guide to Casino Deposits and Withdrawals with Bitcoin
One of the main challenges is getting familiar with how Bitcoin transactions work. Unlike traditional payments, you need to deal with things like wallet addresses, exchanges, and understanding how to send and receive Bitcoin. If you’re not careful when entering a wallet address, for instance, any mistake could mean your funds are lost permanently because Bitcoin transactions are irreversible.
Another potential hurdle is setting up and managing a Bitcoin wallet, especially if you’ve never used one before. You’ll need to choose a reliable wallet, whether it’s a software wallet, hardware wallet, or an exchange-based wallet. Then there’s the process of buying Bitcoin, which typically involves signing up for an exchange, verifying your identity, and navigating the buying process—something that can feel a bit overwhelming at first.
But once you’re past the initial learning curve, Bitcoin can be incredibly useful. It offers quick transaction times, low fees, and enhanced privacy, which is great for managing your casino funds.
How to Make a Fast Casino Deposit with Bitcoin: Step by Step
As more and more casinos are crypto-friendly these days, it’s good to know how to fund your account with BTC even if you’re not sure if you’re going to use it yet.
- Set Up Your Bitcoin Wallet
- Before you can deposit, you'll need a Bitcoin wallet. Choose between a software wallet (like Electrum), hardware wallet (such as Ledger), or a wallet provided by an exchange (like Coinbase). Ensure your wallet is secure, using features like two-factor authentication (2FA).
- Acquire Bitcoin
- If you don't already own Bitcoin, you'll need to purchase some from an exchange. Sign up for a cryptocurrency exchange, complete any necessary identity verification, and buy Bitcoin using your preferred payment method. Transfer the Bitcoin to your wallet if it's on an exchange.
- Log In to Your Casino Account
- Access your online casino account and head to the deposit section.
- Select Bitcoin as Your Deposit Method
- Choose Bitcoin from the list of available methods. The casino will generate a unique Bitcoin wallet address for your deposit.
- Copy the Casino’s Bitcoin Address
- Carefully copy the Bitcoin address provided by the casino. Alternatively, you can scan the QR code if you're using a mobile wallet.
- Initiate the Transaction from Your Wallet
- Open your Bitcoin wallet and select the option to send Bitcoin. Paste the casino’s wallet address into the recipient field, double-checking for accuracy.
- Enter the Deposit Amount in Bitcoin
- Specify the amount of Bitcoin you want to send. Be sure to consider any transaction fees and the current Bitcoin-to-fiat exchange rate.
- Review the Transaction and Send
- Double-check the details: the wallet address, the amount, and any associated fees. Confirm and send the Bitcoin.
- Wait for Blockchain Confirmations
- Bitcoin transactions require network confirmations. Depending on network traffic, this could take anywhere from a few minutes to an hour. Most casinos require a few confirmations before crediting your account.
- Check Your Casino Balance
- Once confirmed, the deposited Bitcoin should reflect in your casino account. If it doesn’t appear, contact customer support with your transaction ID for assistance.
How to Quickly Withdraw Casino Winnings Using Bitcoin: The Cashout Process in Steps
Bitcoin withdrawals are fast, usually a couple of minutes, or at the very least - on the same day, but you must be careful in entering the correct wallet address due to the irreversible nature of transactions.
- Ensure Your Bitcoin Wallet Is Ready
- Before withdrawing, make sure your Bitcoin wallet is ready to receive funds. Ensure your wallet address is easily accessible.
- Navigate to the Withdrawal Section
- Go to the cashier or banking section in your casino account and select “Withdraw.”
- Choose Bitcoin as Your Withdrawal Method
- Select Bitcoin from the list of withdrawal options.
- Generate and Enter Your Bitcoin Wallet Address
- Open your wallet and copy your receiving address. Paste it into the casino’s withdrawal form, taking care to avoid any mistakes.
- Specify the Withdrawal Amount in Bitcoin
- Enter the amount of Bitcoin you wish to withdraw. Be mindful of any withdrawal limits and the current exchange rate.
- Review the Transaction Details
- Verify the wallet address, amount, and any potential fees the casino might charge. Confirm that everything is correct before submitting.
- Submit the Withdrawal Request
- Once everything is reviewed, submit your withdrawal request. The casino will process the transaction and broadcast it to the Bitcoin network.
- Monitor the Blockchain for Confirmation
- After the casino processes your withdrawal, monitor the blockchain for the transaction. You can use a block explorer to track the confirmation status.
- Check Your Bitcoin Wallet for Funds
- Once the transaction has enough confirmations, your Bitcoin should appear in your wallet. Depending on network speed, this can take a few minutes to a few hours.
- Secure Your Bitcoin
- After receiving the funds, consider transferring your Bitcoin to a more secure wallet if necessary, especially if you used an exchange-based wallet for the transaction.
You should know that Bitcoin value can be volatile. Sometimes it can change slightly even while you wait for the transaction to process, so the value you send and the value you get in your casino account soon after might not be the same, but the difference will usually be very small.