Advantages of Using Bitcoin for Online Casino Games
Do you have an idea why so many players are now using Bitcoin for online casino gaming? It is not a fad – it is fast and offers a higher degree of convenience.
If you choose to use Bitcoin, your deposits will most likely reflect in your casino account in a matter of minutes. There is no waiting for banks to authorize the transaction, receive the funds, or any other sort of delay. Unlike traditional payment options that are obstructed by charges, Bitcoin is straightforward. You send it, and that is it.
Another critical factor concerns information security. You will not need to provide the casino with your bank or card details. This added layer of security is appealing to many players, especially in regions that have to deal with gambling payments being blocked or flagged. With Bitcoin, there is no way a third party can put a hold on your funds or scrutinize your transactions.
In addition, Bitcoin provides unrestricted access even in regions without common payment gateways. You can still use BTC for deposits and withdrawals. This is one of the reasons why many casinos focus on catering to crypto users by providing multi-coin wallet and offering provably fair games where you can verify all the outcomes yourself.
And think about this; many crypto casinos provide special crypto only bonuses that are not available with fiat currencies. From larger welcome packages to continuously running campaigns, there’s no denying that users get additional benefits just for using Bitcoin.
Where to Buy Bitcoin for Online Gambling
If you are ready to use Bitcoin for your online gambling, the first thing you need to do is acquire some coins. The real question is, where do you go to purchase it? Luckily, there are a number of dependable
cryptocurrency platforms
out there that have their own unique advantages and tailored to different requirements.
The most common option is a crypto exchange.
- Binance
- Kraken
- Bybit, and
- OKX
These exchanges are capable of offering Bitcoin purchases in USD, EUR, GBP, etc. An account and a simple verification step (which is required on most platforms) is all that is needed. Afterward, funding your account is as simple as bank transfers, cards, or even Google Pay in specific regions.
If you prefer privacy or do not want traditional exchanges, peer-to-peer platforms like Paxful and LocalBitcoins allow the purchase of Bitcoin from other users. Payment options like mobile wallets and even gift cards make it easier for people to use these platforms. To stay safe, always use rated sellers who use escrow options.
Another one is buying via crypto wallets with in-app purchases such as:
Although they offer buying Bitcoin with Apple Pay and credit cards, fees are higher than those provided by exchanges.
While some services might block users from certain countries, its availability should always be checked first. No matter where you purchase Bitcoin, it’s always a smart move to transfer it to personal wallets before using it in casino sites.
Buying Bitcoin: A Beginner’s Walking Guide
Purchasing Bitcoin for the very first time may sound daunting, but, like most new things, it’s easier than it sounds. Here’s an essential guide you can follow, regardless of whether you’ve utilized a crypto exchange in the past.
Step 1: Choose a Platform
The very first step is to select a platform from which to purchase Bitcoin. As a beginner, it is always advisable to use an exchange that offers a user-friendly interface such as Binance or Kraken. They accept several fiat currencies and have less complicated payment systems, making it easier for new users to navigate.
Step 2: Create an Account
Using your email, you will first need to register and then confirm your identity. Most exchanges require identity verification, so be prepared to upload a government-issued ID. This form of verification is generally fast, taking only a few minutes on average.
Step 3: Add Funds
After your account is confirmed and verified, it’s time to add funds. In most cases, you can use a credit cards, bank accounts, or mobile payment services to add a desired amount to your funds.
Step 4: Purchase Bitcoin
Navigate to the “Buy Crypto” section, choose the quantity you wish to purchase, and finalize the transaction. You can purchase at the market rate or set a limit order to buy only when the price reaches your desired value.
Step 5: Transfer to your wallet
Once purchased, you can either store the Bitcoin on the exchange or transfer it to a personal wallet like Trust Wallet or Ledger. From a casino gaming perspective, it is often safer and more convenient to use a wallet you control.
You will be prepared to make your first deposit on a casino site once the Bitcoin has been transferred to your wallet.
Depositing Bitcoin on a Casino Site Stake.com
The next step after acquiring Bitcoin and transferring it to your wallet is to fund your casino account. This process is straightforward and typically only takes a few minutes.
Let’s use Stake.com as an example. It is one of the most
popular crypto casinos
out there.
Step 1:
To get started, log in to your Stake.com account.
Step 2:
Head on over to the Stake.com website and look for the Sign Up button. It activates a window that asks for your email address and a username along with a password. Filling that out will take you roughly a minute.
Step 3:
Once that is done, navigate over to the Wallet section and click on Deposit.
Step 4:
From the list of cryptocurrencies available, select Bitcoin. Afterwards, Stake will create a Bitcoin wallet address that is specific to your account. A string of letters and numbers will pop up and that is the location to which your bitcoin will be sent. If you are on a mobile wallet, you can skip the copy paste steps using the QR code.
Step 5:
Now, go to the crypto wallet or exchange where your bitcoin is located. Enter the Stake.com BTC deposit address into the Withdraw or Send field. Type in the bitcoin amount you want to deposit and confirm the transaction. Make sure to double check the address as this is a one way step with no returns for crypto transactions.
After the bitcoin transaction is confirmed which usually takes 5-10 minutes, your stake balance will reflect it. There is no additional verification or processing needed from third parties.
At this time, you have the option to spend it on slots, live dealer games, sports betting or anything else that you want to try out on Stake.
Is it Possible to Use Bitcoin to Obtain Casino Bonuses?
With Bitcoin, you can claim bonuses and oftentimes, they exceed what you would receive using traditional currencies. Numerous crypto casinos offer special bonuses exclusively to users who deposit with Bitcoin and other digital currencies.
For instance, Stake.com. New users can register using bonus code
ATOZMKT, which grants a 200% deposit bonus up to $2,000 and an additional 5% rakeback on losses. This is one of the many offers specially catered towards crypto users that are not accepted by standard credit card or e-wallet payment options.
Bonuses come in different shapes and forms. Some casinos provide welcome packages, while others prioritize reload bonuses, cashback, and rakeback based on user activity. Take Stake for example; they regularly host weekly and monthly giveaways alongside
Stake VIP rewards
regardless if the user is betting on sports, spinning the slots, or engaging with live dealer games.
With all that in mind, ensure that you review the bonus terms the moment you want to redeem something. Bonuses in cryptocurrency are usually attached to wagering requirements, meaning you must place a bet with a certain amount in order to withdraw the bonus funds or any winnings. Some casinos restrict bonus eligibility based off how much you deposit or what type of cryptocurrency you use.
Finally, not all games have the same contribution towards wagering requirements, and some bonus offers might be limited to certain games or categories of betting. Therefore, it is always advisable to review the particulars to confirm that the offer aligns with your preferred style of play before making a commitment.
Conclusion
In this case, I bet you already know how to buy Bitcoin and use it to play at online casinos. The process starts with finding a reputable exchange and depositing on an online casino platform like Stake.com, which is way easier than it appears at first glance.
Having Bitcoin as a payment method gives you better control over your funds, faster transaction times, and access to crypto-only casinos. Whether your preference lies on slots, live games, or even sports betting, using BTC has its benefits that are unmatched by traditional payment methods.
Just make sure to stick to common safety protocols, such as verifying addresses, using secure networks, and don’t overextend your budget. Also, read the terms associated with bonuses to know what to expect and not be blindsided.
After adding Bitcoin to your casino wallet, you can start using it to explore what the world of crypto gambling has to offer.
