If someone told you that you would be able to use money that does not exist in a physical form, you would think that they were kidding you. However, that is now possible and what is more, you can use such virtual money to make your payments and cashouts at online casinos in a safe and convenient way. While doing so, you will not even have to worry about the legality of playing at online casinos, additional costs and your money will be transferred in the blink of an eye.
Bitcoin is a cryptocurrency you can use to fund your accounts and place real money wagers as long as you have a positive balance. Curious about how to deposit with Bitcoin and how to withdraw Bitcoins from online casinos? You are in the right place as Casino Bloke will provide you with all the necessary information you should know about this payment method. On top of that, we present you the list of best Bitcoin online casinos that boast impeccable reputation and treat their customers with respect they deserve.
Bitcoin was first introduced in 2008 and it has come a long way from a cryptocurrency drawing suspicion to a widely used payment method. It can be used for online payments and purchases and due to its nature it allows users to make their transactions anonymously, which is especially convenient for US gamers who tend to have problems with making payment to online casinos. Today you can exchange regular currencies for Bitcoins, withdraw Bitcoins at ATMs or you can obtain them by mining them yourself. Being a virtual currency with no middle man between you and an online casino, Bitcoin transactions are carried out instantly and without any fees.
How to Make Deposits & Withdrawals with Bitcoin
To process transactions with Bitcoin you will need to get a Bitcoin wallet. There are numerous options and forms of Bitcoin wallets, so search the web to find the one that suits you best. Choose a gaming venue from our list of Bitcoin online casinos and if you have Bitcoins in your wallet, go to the cashier to make a deposit. Choose Bitcoin from the list of supported payment options and you will be given a wallet address you need to use to complete a transaction. When making a withdrawal, you should choose Bitcoin from the list of withdrawal methods and provide the casino with your Bitcoin wallet address.
Fees & Timeframes
There are no fees associated with Bitcoin transactions if you are in possession of the cryptocurrency. They are instantly processed so you will have your funds available in your account as soon as you make your deposit. Cashing out your winnings also takes only a few minutes. Keep in mind that if you want to exchange a traditional currency for Bitcoins, you will have to pay an exchange fee and the exchange process can take a couple of hours.
Why Use Bitcoin
Although Bitcoin may strike you as abstract, deposits and withdrawals made with it are very much real and quite convenient. What is more, there are numerous advantages of using the cryptocurrency while playing at online casinos that make this payment method hugely popular among gamblers. One of them is the fact that Bitcoin provides you with anonymity seeing that there is no need to reveal your financial details to the online casino staff. This is especially important for gamblers who are residents of countries and territories where online gambling is not properly regulated. Your transactions with Bitcoin will be free of any additional fees and processed instantly. Online casinos that use Bitcoin are in most cases 100% safe and offer provably fair games, but for the best gaming experience possible, stick to the gaming venues featured on the Casino Bloke gaming portal.