Are you ready to start your online Bitcoin casino gambling?
One of the best perks of using cryptocurrency is that you can use it anonymously in almost any transaction. That is why a lot of people are using Bitcoin (BTC) for their payment transactions.
What is Bitcoin?
Bitcoin is one of the famous types of cryptocurrency. Or, it is a digital money system that is widely used around the globe. And because it is digital money, it only exists online. Thus, it does not use any physical items like coins and bills. To have a Bitcoin, you can convert real money into Bitcoin. And, stored in a so-called Bitcoin wallet or traded on BTC exchanges.
That is why a lot of online casinos are embracing the advantage of using BTC. They can use it for depositing and withdrawing more easily. It perfectly fits use in an online casino. You can use the BTC to deposit or transfer money in your BTC wallet – safe and secure. The only downside here is, you cannot physically withdraw your winnings. You still need to convert it for fiat currencies to convert it into real money.
With BTC transactions, no law or government controls the process of Bitcoin. But instead, you can access the cryptocurrency to the blockchain. Blockchain is a system wherein all cryptocurrency transactions are registered. It makes BTC transparent and anonymous.
Guide to Bitcoin Casino Gambling
Getting started with online casino Bitcoin gambling? Here are a couple of steps that you need to do.
Online Bitcoin Casino: Buying Bitcoin
It is obvious to say that if you want to gamble in an online casino, you need to buy Bitcoin first.
Step 1. If you do not have a Bitcoin wallet, then you need to open your wallet first.
Step 2. Then, once you have your BTC wallet ready, you can now proceed in buying Bitcoin. To do this, a lot of credit/debit card and e-wallets allows you to use their platform to get the cryptocurrency. But keep in mind, to look for an online platform that offers the biggest BTC exchanges.
Finding a Bitcoin Online Casino Operator
The next thing you need to do is look for an online live casino in Singapore that offers Bitcoin as their payment mode. Also, you need to search for an online casino that is reputable and has a license to operate. Remember that you are going to gamble. And of course, you don’t want to lose your money to some scamming casino site.
What kind of games can you play with Bitcoin?
Online Bitcoin casino? Look for an online casino site that covers different games that you want to play. Aside from that, you need to take into account the quality of service that they provide. Consider the sites’ user interface, customer support, variety of games, and other factors.
Online Bitcoin Casino: Buying Bitcoin
There are a lot of ways you can buy Bitcoin today without resorting to costly mining.
Step 1: Selecting a Bitcoin Wallet
Bitcoin wallet has the same concept as a physical wallet. The only difference is that it has many versions plus extra added features.
- Paper Wallets
- Mobile Wallets
- Desktop Wallets
- Hardware Wallets
Step 2: Setting Up Your BTC Wallet
In setting up a BTC wallet, you need to set up a passphrase that you will need to keep. Next, create a secure password for your wallet.
Step 3: Picking a BTC Exchange
BTC exchanges work exactly how the stock exchange platform works. Here, you can set a price that you want to convert into Bitcoin. You can select platforms to fund your account including:
- Credit/debit card
- ATM Machines
- Peer-to-Peer Transfers
- E-wallets like PayPal
Online Bitcoin Casino: Depositing Bitcoin
After finding and joining an online casino, the next thing you do is to make your first deposit. Depositing with Bitcoin is very easy.
Step 1. Go to the “Cashier” section of the website.
Step 2. Then, select the Bitcoin payment option. Usually, the casino will redirect you to the web address of the BTC wallet.
Step 3. After that, go to your wallet and send the amount that you want to deposit. And because BTC is a digital currency, the amount you transfer will soon appear in your casino account.
Online Bitcoin Casino: Withdrawing Bitcoin
The process of withdrawing from an online Bitcoin casino is like the deposit process.
Step 1. If you want to withdraw your winnings, go to the “Cashier” section of the website.
Step 2. Next, you will then be asked to provide your Bitcoin wallet. Then, enter the amount that you want to withdraw.
Step 3. Most of the time, the amount will reflect in your BTC wallet instantly. Yet, there are gambling sites that have a pending period before you can process the transaction. But you don’t have to wait for too long for this. Usually, it will only take less than 1-2 business days to happen.
Wagering with Bitcoin Online
Now that you know how to deposit and withdraw with Bitcoin, next is how to wager on casino games with BTC. For you to wager with Bitcoin, you need to top-up your casino account and load the game.
After that, you will be redirected to the betting screen. Here, you will see that the online games are designed to break down your BTC into smaller bets. Then, choose the amount you wish to wager per game. Betting with Bitcoin in a casino is the same as any other online casino wager.
So, if you have already tried betting with real money, you will not have problems adapting to the Bitcoin casino in Asia.
Bonuses and Promotions
When you gamble with Bitcoin, online casino gives generous bonus and promotions to their players. Besides, these perks and rewards are superior to the ones you get with fiat currencies. This is due to the reason that Bitcoin transactions do not need special software or 3rd party fiat transaction.
Bitcoin Casino FAQs:
What is Bitcoin?
Bitcoin is one of the famous types of cryptocurrency or digital money systems that are widely used around the globe. It disintermediates financial transactions. As well as, cut-out banks and other traditional institutions.
What are the benefits of gambling with Bitcoin in an online casino?
With Bitcoin casino, it is very easy to withdraw and deposit money to your account. Aside from that, you can stay anonymous when gambling online. Also, Bitcoin offers low transaction fees and tax-free transactions.
Are there any disadvantages when using Bitcoin in gambling?
Gambling with Bitcoin also has its downsides. With Bitcoin, you can never predict its value because it is quite volatile. And you cannot tell which way it will go in the next couple of weeks. Also, BTC is untraceable. Due to that, a lot of people are using it for illegal transactions. There is uncertainty in using this payment mode. Simply because plenty of countries are trying hard to somehow regulate the use of Bitcoin.
