There are plenty of websites available to tell you what a great resource Bitcoin is, and the myriad of reasons to utilize it for your online purchases and transactions, so we’ll leave the list of bitcoin benefits to them. But if you’re already using Bitcoin, then you may be wondering how you can use it to place bets at your favourite online casinos. If that’s the case then you’re in luck! Here is a step-by-step guide to finding the best bitcoin casino and depositing bitcoin into your account.
Step 1: Establish Your Own Bitcoin Wallet
A Bitcoin wallet is exactly what it sounds like: an online wallet where you store, buy and sell your bitcoins. The most common way to do this is to invest in a hosted wallet: this is where your wallet is hosted by a third party, much like a bank, but unlike a bank the third-party account you do not need to share all of your private information with the company that are hosting your bitcoin wallet on your behalf. Signing up to a Bitcoin hosting site is very similar in process to signing up for a Paypal account, and can be completed in under 10 minutes, meaning that there are much fewer hurdles in securing a Bitcoin waller, when compared to opening a new bank account. But that doesn’t mean that Bitcoin is less safe or less valuable. Bitcoin is safe and secure, is inexpensive to move and transfer from account to account, and is both fast and flexible too.
Step 2: Transferring Money into Your Bitcoin Wallet
Once you have established a Bitcoin wallet, you need to ensure it is loaded with Bitcoin before you can start using it. Bitcoin is just like any other currency, in that its value can and does fluctuate, and your purchase rate can change, so it is worth researching this before you buy. You can deposit funds into your Bitcoin account via your debit or credit card, if you want to link it to your bank account. If you don’t, then you could also deposit via Paypal or another more anonymous payment method, in order to maintain some anonymity.
Step 3: Placing Your Bitcoins into Your Casino Account
Once you’ve got your own bitcoin wallet and injected it with funds, you’re ready to transfer these funds to your online casino account. Not all online casinos offer payment via Bitcoin, but many do, and the number of casinos utilising this option is increasing all the time. Simply visit the ‘deposit’ page of your chosen casino and then, rather than making a deposit with credit or debit card, click on the option to deposit Bitcoin. The process from this stage will vary slightly from casino to casino, but you will be given specific instructions on how to make your deposit – this should only take a few clicks and it shouldn’t take more than a few minutes for the process to complete. One of the main benefits of using Bitcoin is that Bitcoin transactions are near-instant. That means that you won’t have to wait around for your payment to be processed before you can start playing: you can simply click and go. Let the fun begin!