Learn How To Play And Win At An Online Bitcoin Casino

Posted: September 17, 2023

Updated: September 17, 2023

It's true that at first glance, gambling at a bitcoin casino appears to be a difficult process. What with finding a wallet, buying crypto and then sending it, the whole experience seems like a chore. But once you dig down, you'll find the whole process very straightforwards and relatively simple. So let's have a closer look at how to gamble at a bitcoin casino.

Bitcoin can be likened to a digital currency with its unique codes and hashes, enabling direct peer-to-peer financial transactions without the need for banks or brokers. This is made possible through a decentralized system known as blockchain, which meticulously records all transactions. Utilizing Bitcoin puts you in full control of every facet of your financial dealings. To provide you with a succinct guide for using Bitcoin in online casinos, here at Gamingzion.com we’ve put together the following steps to help you in funding your online gaming account for cryptocurrency gambling at the finest online casinos.

Purchasing Cryptocurrency

Thankfully, getting your hands on BTC for Bitcoin casino gambling is a straightforward procedure that can be completed in a matter of minutes. Simply convert your Dollars or Euros into Bitcoin through a cryptocurrency exchange.

Selecting A Bitcoin Exchange

According to online gambling news in the US, among the most prominent and reputable cryptocurrency exchanges worldwide is Coinbase. This platform offers the convenience of accepting major debit and credit cards for currency conversions. Coinbase’s popularity likely stems from its user-friendly interface. Additionally, the platform includes an integrated wallet for securely storing and exchanging your digital assets.

Acquiring Bitcoins On An Exchange

Firstly, let’s navigate to Coinbase and create a user account. During this process, you’ll be required to provide some personal information. Crafting a strong password stands as a critical step in setting up your account; a combination of symbols, numbers, uppercase, and lowercase letters enhances its security. Subsequently, verify your new account by clicking on a link sent to the email address you provided during registration.

Lastly, click on “Proceed to Purchase” within the exchange menu to initiate the transaction. Here, you can select your preferred currency, which, in this instance, is Bitcoin. At this juncture, you have the option to specify the quantity you wish to invest (in BTC) or the amount you wish to spend (in Euros or Dollars).

Choose Your Payment Method

Once you’ve determined the amount you wish to purchase, select the payment method that lines up best with your gambling requirements at the bitcoin casino. Using a credit card is the easiest way to acquire Bitcoin, with transactions typically completing within 5 to 30 minutes. Just input your card details and confirm the payment by providing the CVV number located on the back of your card. Alternatively, you can opt for a bank transfer. However, this requires a bit more effort and takes much longer to process.

You’ll receive specific banking details from the exchange to facilitate the payment via your online banking profile. Ensure you include the reference number provided in the bank deposit message. Your Bitcoin balance should reflect the transaction within minutes of completion. Keep in mind that a small 1% fee applies to all transactions on Coinbase.

Selecting the Ideal Cryptocurrency Wallet

Now that you’ve acquired Bitcoin, it’s essential to find a secure place to store it. A dedicated cryptocurrency wallet is the most convenient option for making deposits at a casino.

A local software wallet, like the one available on Coinbase‘s platform, is often the preferred choice for most online gamblers. To improve the security of your Bitcoin wallet, always enable two-factor authentication. This involves receiving an authentication code on your phone each time you request a payment. Simply input this code to initiate the Bitcoin transaction.

Online Gambling with Bitcoin

Funding your newly created Bitcoin wallet is a straightforward process. From your BTC wallet, copy the Bitcoin address. This is a lengthy hash code located in the Wallet menu under the ‘Receive BTC’ option. Then, log in to your chosen hosted Bitcoin exchange, submit a withdrawal request for your cryptocurrency, and paste your BTC wallet’s address into the “Send to” field to initiate the payment. Typically, the funds arrive in your wallet in less than an hour.

Fast Bitcoin Casino Transactions

Blockchain transactions generally happen very rapidly. Even if the exchange you’re trading with provides a longer estimated time of arrival for your funds, the currency often shows up in your wallet much sooner than anticipated. When transferring funds from a desktop software account to a mobile wallet, you can paste the wallet address into an email and send it to your desktop. Alternatively, you can copy the address from your hosted trading exchange profile and paste it in the appropriate field to facilitate the transfer.

Getting Started With Deposits At A Bitcoin Casino

After finding the perfect online casino sites in the US for Bitcoin, like Bovada Casino, and setting up your online casino account, the only step remaining to kickstart your gaming adventure is to make a reasonable BTC deposit. This process can be effortlessly completed through a few straightforward steps:

Navigate to the ‘Deposit’ tab in your casino account.
The online gambling site will provide you with a unique blockchain address specific to your player account. Copy this address to your clipboard.
Open your BTC Wallet and choose the “Send Money” option.
Paste the casino address code into the “Send To” field and click the “Send” button.

Once the real-time cryptocurrency transfer is complete, you can dive into the exciting world of popular casino games as soon as the funds appear in your online account.

Making Your First Bitcoin Casino Withdrawal

Undoubtedly, you’re here to win! Whenever you wish, you can transfer your winnings back to your BTC Wallet. The withdrawal process closely mirrors making a deposit:

Access the ‘Receive Money’ option within your wallet.
To facilitate the withdrawal, copy your specific Bitcoin address to the clipboard.
On the casino’s cashier page, select the option to withdraw your winnings.
Simply paste your wallet’s address into the Bitcoin address field to request the payout.

One of the primary advantages of playing at Bitcoin casinos is the speed at which withdrawals are processed. Typically, your funds should arrive in your wallet within five minutes. OK, this is a very generous guess. It may be necessary to wait up to twenty-four hours, depending on any blockchain congestion.

Enjoy Fair Bitcoin Casino Games

When taking part in online gambling at Bitcoin casinos, the concept of ‘Provably Fair Games’ is an integral aspect closely associated with Bitcoin payment methods. Unlike conventional online casinos, some crypto casinos grant users access to the gaming algorithm, incorporating cryptographic techniques into crypto games to verify the fairness of every round. This guarantees that you can enjoy online casino games at the finest Bitcoin casinos like Ignition Casino with absolute confidence, knowing that each spin or round is entirely unbiased.