Bitcoin has revolutionized the online payment industry in a way that many never thought it would be possible. It is a payment solution that has no ties with banks and no equivalent in the form of physical cash. It provides online casino players anonymity, faster processing times and low fees.
Those who want to give it a try and make a deposit to online casinos with crypto, these are the steps to execute a successful Bitcoin casino deposit:
Acquire Some Bitcoin Currency
Before you can deposit Bitcoin into a casino account you’ll need to obtain some of the currency. To do this, you need to register a Bitcoin wallet or download one to your computer (the choice of wallets is versatile, so do a bit of research beforehand).
This is where you will store your BTC once you have purchased them at a Bitcoin exchange site (Coinbase, Bitstamp, BTC-e or Bitfinex, for example).
Find a Reputable Bitcoin-Friendly Online Casino
With Bitcoins in your wallet, it is now time to find an online gambling website where you can deposit them and start playing.
Many of the best Bitcoin casinos on the web have been evaluated and reviewed, so make sure you pick one that has a high rating and a positive reputation.
Set up an account and after registration you will have access to the cashier. In other words, you will be able to make deposits and request withdrawals of your winnings.
Visit the Banking Section of your Chosen Bitcoin Casino
When you log in to your casino account, find the cashier section. It should be easy to enter the banking page, as it is usually located very close to your profile on the casino homepage.
The casino will list you all the available methods of payment on that page and you should choose Bitcoin.
Use the Provided Wallet Address
Once you select Bitcoin as your preferred deposit method, the screen will provide you with a unique web address. The Bitcoin wallet address will be displayed in two formats, as a QR code and a long text line.
So, you have the option to scan the code with your device’s camera, or you can simply copy it.
Access your Bitcoin Wallet and Provide the Given Address
Open your wallet and start a process of sending BTC. The destination should be the address that you are given by the casino. Scan the code with your camera or copy and paste the address to the designated field.
You should know that the transaction will contain a negligible miners fee. It goes to the people who maintain the peer to peer network that supports, verifies and confirms Bitcoin transactions.
Send your Bitcoin and Wait for the Casino to Receive the Deposit
After grabbing the recipient address, using it and entering the amount of BTC you want to transfer, simply submit the payment (hit the “Send” button).
The transactions are usually processed instantly and you can start playing games right away. However, sometimes they can take up a few minutes, up to 15 or 30 minutes the longest.
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