Are you looking for more convenient payment methods when it comes to gambling? Fortunately, the best Bitcoin casino in Singapore supports cryptocurrency as a payment method.
What is Bitcoin (BTC) gambling?
For the past ten years, Bitcoin gambling has been extremely popular worldwide. Many players find Bitcoins safe and cost-effective than the other payment options. With Bitcoin, each transaction can be practically completely anonymous. Unfortunately, this trait has made systems extremely complex, but also extremely secure. However, many people are put off by this because the process appears to be difficult.
So, we put up a guide on how to set up an account to handle all your Bitcoin transactions. This includes depositing and withdrawing! This article will make it simple for you to use Bitcoins for online gambling.
Using your cryptocurrency to bet on the outcomes of casino table games is known as BTC gambling. Several casinos solely accept Bitcoin as a form of payment. Other coins are accepted at other Bitcoin casinos.
Any Bitcoins you deposit in your account are automatically converted to USD (fiat). Then, you can go back to playing your favorite casino games as usual. When you request a BTC payout, the USD amount of your withdrawal will be converted to Bitcoins, too. Then, you will be paid to the Bitcoin address you select.
What is the best way to buy Bitcoin for gambling?
Yes, Bitcoin has been around for a decade. But, purchasing Bitcoin remains difficult for an average retail investor. The user must ensure that they are buying from a reputable source only. Because there are so many dodgy exchanges, services, and vendors out there.
- Selecting a Bitcoin Exchange – Coinbase, CEX.IO, Kraken, and Coinmama to name some.
- Depositing cash to your account.
- Buying Bitcoin with cash.
- Withdrawing your Bitcoin into a hardware wallet.
How to make a Bitcoin deposit at the best crypto-gambling sites?
You can make your initial deposit after choosing the best Bitcoin casino. Also, you don’t have to be concerned because the deposit process is very much simple. Nonetheless, we advise that you read the fine print for SG players at the best Bitcoin gambling sites.
Meanwhile, all you have to do to make a Bitcoin deposit is create an account at your preferred gambling site. Then, wait for the verification. After that, follow the procedures below:
- Examine the casino’s security. Always examine the licenses and certifications of a casino before playing.
- Register for an account. Create an account and log in to your favorite BTC casino.
- Go to the Banking Menu. Open the cashier and select Bitcoin as your payment method.
- Put down a deposit. Enter the desired Bitcoin amount that you want to deposit on your account.
- Finish your Bitcoin transaction. When depositing with Bitcoin, follow the instructions carefully.
As previously said, depositing using Bitcoin is simple. Moreover, the best Bitcoin casino offers a simplified payment process. But, we must emphasize that Bitcoin is one of the safest payment options available. Because it provides maximum security and privacy to its player.
In addition, all Bitcoin casino deposits are promptly credited to your account. Although on rare occasions, it may take up to 30 minutes to reflect your deposit to your account. Then again, if you have any problems, please contact the customer care team at your chosen casino.
Best Bitcoin Casino: How to gamble using cryptocurrency?
To begin gambling with cryptocurrency, you’ll need to purchase some coins or tokens from an exchange. Yes, Bitcoin is by far the most popular cryptocurrency for gaming. However, many Bitcoin casinos also accept “alt-coins” like:
- Bitcoin Cash
To acquire Bitcoin, you’ll need to create an account with a cryptocurrency exchange like Coinbase. This cryptocurrency exchange allows you to buy cryptocurrency with fiat currency. You can acquire Bitcoin and other cryptocurrencies on these exchanges as well. Then, you can transfer them to your preferred Bitcoin gambling sites!
However, the best crypto gambling sites will demand you to send crypto to your casino wallet to play. So, if you are decided to use BTC in gambling, you need to be comfortable with the process first!
Unless you’re a big player, you won’t be betting whole Bitcoins on Bitcoin gambling sites. Instead, the best Bitcoin casino allows you to wager in “milli-bitcoin” or “mBTC”. The mBTC is equivalent to 0.001 BTC. Of course, on most platforms, you can place bets that are lower than this.
How to choose a reputable Bitcoin Casino in Singapore?
Although there are many Bitcoin-accepting online casinos, not all of them are secure. Always ensure that the Bitcoin gambling sites you choose are safe.
In addition, they should provide the greatest possible gaming experience. You must always check whether your selected operator has a valid UKGC license. Also, make sure that the BTC casino has an SSL certificate.
Notably, all reliable Bitcoin sites will provide you with a suitable number of games to pick from. If your chosen site is legitimate, independent agencies regularly test its games.
Furthermore, we strongly urge you to examine whether the Bitcoin casino you choose offers provably fair Bitcoin games. In addition, it is important that you check the bonuses, both deposit and no deposit, that they offer. Also, always read the terms and conditions before claiming the casino bonus. Never claim bonuses with wagering requirements that are hard to afford.
How to avoid scams in BTC gambling?
When it comes to choosing a Bitcoin casino, safety should be your main priority. So, you should always check whether the BTC casino you’ve picked has a legitimate license. Also, you should make sure that all games have undergone RNG testing for fairness.
Moreover, you need to check to see if the operator supports responsible gambling and with whom it collaborates. Keep in You also need to check to see if the operator supports responsible gambling. Moreover, check with whom they collaborate. Credible operators work with many independent organizations to assist/prevent gambling problems.
Finally, for added security, search for gaming sites that use provably fair technology.
The best Bitcoin casino has an official license from a respectable int’l authority
All secure Bitcoin casinos must have valid licenses from reputable organizations like:
- Curacao Gaming Control Board
- Malta Gaming Authority
- Alderney Gambling Control Commission
- Isle of Man Gambling Supervision Commission
- Gibraltar Licensing Authority
- Kahnawake Gaming Commission
- UK Gambling Commission
- First Cagayan Leisure and Resort Corporation (FCLRC)
How ensure that the BTC casino is safe and secure?
You must check if the logo of these gambling authorities appears on the homepage of the casino.
Best Crypto Gambling Sites have Partnerships for Responsible Gambling
The best Bitcoin online casino in Singapore collaborates with official responsible gambling organizations. It means you can better regulate your gambling habits by playing at a reputable BTC casino. Because there are many tools accessible at both regular online casinos in Singapore and the best crypto gambling sites. Meanwhile, you should always be on the lookout for one or more of the following associations:
- Gamblers Anonymous
- Gambling Therapy
Oftentimes, regulated BTC casinos have the option of self-exclusion. This self-exclusion program allows players to stop gambling that should be aware for a certain period. Furthermore, players have the option to set their betting limit. So, they can regulate their gambling tendencies.
Regular audits from Independent Testing Agencies
Licensed Bitcoin gambling sites must submit to frequent audits by independent agencies. So, they can tell that all their games are safe. The outcomes of such operations are usually published on the homepage of most gambling sites. Independent testing agencies would normally conduct the testing, this includes:
- Gaming Laboratories International, LLC
- BMM Testlabs
- iTech Labs and more
The presence of logos of these testing agencies on any Bitcoin casino site ensures that all games accessible are fair and secure to play.
The best Bitcoin casino uses provably fair technology
You may have heard the term ‘provably fair’ before. And you’re undoubtedly curious as to what it means. ‘Provably fair’ is a fashionable concept that refers to a blockchain-based algorithm. Provably fair gaming makes online gambling more open and transparent, and hence more fair, thanks to technological advancements.
To make excellent use of this algorithm, you don’t need to know what’s going on behind the scenes. We’ll merely highlight its strongest point. Unlike traditional casino RNGs, all hands created by the algorithm are hashed in provably fair games.
Each player can examine them later to ensure that the game was played fairly. Consider it an added layer of protection while playing for real money online. So, choose provably fair casino sites that have been verified by the Crypto Gambling Foundation.
Wondering what games you can play at the BTC casino sites?
Fortunately, the best Bitcoin casino offers a wide range of crypto games to pick from. This includes:
- Bitcoin video slots
- Video poker and many others
Pros of BTC Gambling
Do you want to know why you should use Bitcoin to gamble?
First, Bitcoin is one of the best payment options in Singapore. Apart from complete anonymity, the popular cryptocurrency offers many benefits. Since Bitcoin is not formally recognized as a real currency, it is tax-free in most countries. Furthermore, BTC gambling is a huge advantage when it comes to casino deposits and withdrawals.
Are you looking for more reasons to invest in Bitcoin? Then, take a look at our list of advantages:
- High security
- Full anonymity
- Transparent information
- Mobile payments
- No third parties involved
- Low taxes or none at all
Still, Bitcoin’s best advantage is its high level of security. During the transaction, none of your personal information will be disclosed. Also, no merchant will be able to charge you any additional fees without your knowledge. Furthermore, Bitcoin can be backed up and further encrypted to ensure that your funds are secure.
Fortunately, all crypto deposits made using Bitcoin are quickly credited to your casino account.
Cons of Bitcoin Gambling
Despite the enormous benefits of Bitcoin, some faults are unavoidable. While we do not want to dissuade you from adopting cryptocurrencies, we feel you should be fully informed about the risks involved. We must caution you that, although being fully operational, Bitcoin is continuously evolving. As a result, adjustments are unavoidable, and new features are expected in the future. The following are the primary Bitcoin drawbacks:
- Not all online casinos accept Bitcoin payments.
- Bitcoin gambling is not always legal in every country.
- The value of Bitcoin is constantly fluctuating.
- High volatility
- Easy to misplace
- Cryptocurrency is still in development
Most online casino players are concerned about the fact that Bitcoin is not widely accepted by all gaming sites. While we anticipate that the situation will improve soon, we also urge that you carefully select the best Bitcoin casino. In addition, consider whether Bitcoin gambling is the best solution for you.
Alternative payment options for Cryptocurrency
Are you unsure whether BTC gambling is right for you? Fortunately, most online casino in Singapore provides a variety of payment methods. Please keep in mind that not all of them are available for both deposits and withdrawals. So, there will be cases that you may need to utilize more than one payment method.
Are you ready to look into your options? We listed some of the most popular casino payment options below.
If your chosen operator has the license and the SSL certificate, you can be sure that your transactions will be processed safely. Nonetheless, certain payment methods are more anonymous than others.
If you care about privacy, then avoid using debit cards or bank transfers. Yes, they are safer than other payment methods. However, they will give away more personal information to the vendor.
As a result, we recommend that you utilize an electronic wallet such as PayPal. The widely used payment method offers excellent confidentiality and anonymity. Also, e-wallets offer more quick and secure transactions and minimal fees. Other e-wallets, including Skrill and Neteller, are other options. However, you should be aware that they are not always eligible for casino bonuses.
Best Bitcoin Casino FAQs:
Are you interested in cryptocurrencies and enjoy gambling with Bitcoin? Then, you’ll be pleased to learn that you can simply access the top Bitcoin games. You can play Coin Poker, Bitcoin Betting, or Lotto. Moreover, you can enjoy Bitcoin Daily Fantasy and Bitcoin Dice Sites & Games, too.
When depositing with Bitcoin, many players ask if they may get casino bonuses. Thus, it could be a problem at some locations. The best Bitcoin casino offers welcome bonuses like 50 Super Spins, 500 Free Spins, 300SGD On First Two Deposits, and more.
It’s simple to use Bitcoin after you’ve found a reputable website that takes it. Making a Bitcoin deposit is the same as making a deposit using any other payment method. All you have to do is create an account with the casino and wait for it to be verified. Then, click the Deposit option, choose Bitcoin, and follow the instructions.