With the topic of cryptocurrency becoming more and more popular in the past few years, chances are you’ve heard of Bitcoin. However, one question that’s often been raised about cryptocurrency is its use in gambling.
Luckily, there are a variety of online casinos that offer cryptocurrency gambling and there are many advantages to gambling with Bitcoins. This includes more privacy and security, speedy transactions, promotions, zero taxes, and lower fees. Not to mention, the process to bet Bitcoins can be done in a few easy steps.
It’s important to know how to correctly bet Bitcoins to allow you to make the most of your online gambling experience.
Keep reading this guide for everything you need to know about how to bet Bitcoins in an online casino.
1. Setting Up and Buying Bitcoin
First things first, you’ll need to set up a Bitcoin wallet in order to purchase Bitcoin for your account. Two commonly used sites people use to set up their Bitcoin wallet include Coinbase or Copay.
You will first set up your account. Then, you will upload your debit or credit card information onto the account.
The reason for this?
The money on your debit or credit card will be converted into Bitcoins.
After this, you will use your uploaded debit or credit card to purchase Bitcoins and you’re ready to go.
2. Find an Online Casino
Next, you’ll want to find the best Bitcoin casino. It’s important to make sure that the online casino you choose makes betting with Bitcoins a simple process, while also providing a quality selection of games to choose from.
Here are some of the best online casinos for each type of gambling with their deposit bonus.
These are some of the best online casinos that offer Bitcoin. These options are a great choice for those who enjoy playing slots.
- Wild Casino- 250% up to 5,000 dollars deposit bonus
- Super Slots- 250% up to 6,000 dollars deposit bonus
- Las Atlantis- 280% up to 14,000 dollars deposit bonus
Poker is another favorite amongst gamblers. Here are some popular online poker sites where you can bet Bitcoins.
- Bovada- 50% up to 250 dollars deposit bonus
- BetOnline.AG- 50% up to 1,000 dollars deposit bonus
- Americas Cardroom- 200% up to 1,000 dollars deposit bonus
Betting on sports is another popular choice for gamblers.
- SportsBetting- 50% up to 1,000 dollars deposit bonus
- BetUS- 125% up to 2,500 dollars deposit bonus
- MyBookie- 50% up to 1,000 dollars deposit bonus
Luckily, you are able to bet Bitcoins at the sports betting sites above.
3. Win and Withdraw Bitcoins
After you’ve won money from one of these gambling sites, you now need to transfer your Bitcoins. These gambling sites will provide an option for you to withdraw your selected balance back into your Bitcoin wallet.
Once you request a withdrawal of your winnings, they should appear in your Bitcoin wallet immediately. The longest you will usually have to wait for your winnings is 1-2 days.
Bet Bitcoins Today
Those were the three easy steps to bet Bitcoins in an online casino. Bitcoin may seem overwhelming at first, but using the steps in this guide will make it a smooth and easy process.
Interested in learning about similar topics? Explore our blog today to read more!