Cryptocurrency has wholly transformed the online casino industry and addresses several problems. With more and more people investing in cryptocurrencies like Bitcoin, Ethereum and Tether, new crypto casinos are emerging. Such sites make it simple and quick for people to make deposits and cash out their winnings through cryptocurrency. Let’s examine the process of using bitcoin and other cryptocurrencies to make payments in online casinos.
Step-by-step process to use Bitcoin to play at an online casino
Once the initial setup is done, it is easy to make deposits and withdrawals regularly to and from crypto casinos using top cryptocurrencies, including Bitcoin. These sites pride themselves on enabling lightning-fast payments for their player convenience. Therefore you can be assured of instant, secure and reliable crypto transactions on a Bitcoin casino. The following are the steps to follow to play at an online casino with cryptocurrency for the first time.
- Set up the crypto wallet
- Purchase cryptocurrency
- Add cryptocurrency to the wallet
- Sign up on your favorite crypto casino
- Send winnings to the crypto wallet
- Convert crypto to fiat currency
Set up the crypto wallet
You need to set up a secure wallet to start with crypto payments. The wallet securely stores your crypto and allows you to make withdrawals and deposits as and when required. Many crypto wallets are available, but choosing one that is reliable and has good ratings is essential.
There are cold and hot storage options available, and the hot ones are connected to the internet. Many experts recommend the use of hot wallets as they are more efficient. You will have a private key to access your wallet, which you need to memorize. While this might sound like a hassle, it helps you keep your wallet private and secure from external threats. Some of the best crypto wallet options are Blockstream, BRD and Electrum.
Once your wallet is set up, the next step is buying some cryptocurrency to add to it. It is essential to use a well-established and trustworthy platform to purchase cryptocurrency, which is beginner-friendly and reliable. Some of the most popular options are Binance and Coinbase, which have earned a reputation for being ideal for making crypto purchases. Create an account and buy crypto using your debit or credit card.
Add cryptocurrency to the wallet
Once you buy cryptocurrency, you can transfer it to your wallet for safe storage. Usually, the platform provides instructions on how to make the transfer. Once the crypto is in your wallet, you can access it instantly for quick payments.
Sign up on your favorite crypto casino
Now that you have crypto money in your wallet, you can use it for playing online casino games. You can choose a crypto casino and sign up for it. Link your crypto wallet to the casino to enable seamless transfers when required.
There are many crypto casinos out there, so it is vital to choose one that offers great game variety, provides generous bonuses, and is licensed by an established authority. You can register and make crypto deposits if a Bitcoin casino ticks all these boxes. Each casino site will have its guidelines on how to make deposits.
Send winnings to the crypto wallet
Once you start winning rewards while playing games on an online casino, you will want to withdraw them as soon as possible. Before doing so, ensure that you meet the site’s wagering requirements. Once that is done, you can withdraw your winnings directly to your wallet as cryptocurrency. Note that most casino sites require you to withdraw using the same method you used for deposits. For example, if you deposited through Bitcoin, you must also withdraw your winnings as Bitcoin.
Convert crypto to fiat currency
After your winnings are credited to your wallet, you can convert them to fiat money. There will be an additional charge involved for making such conversions. It is an optional step as many choose to keep the cryptocurrency as it is for future investments.
Top crypto casino sites for Bitcoin gambling
Several crypto casinos to try out enable secure and fast payments. Check out the best-rated ones below.
iMoon is new to the online gambling space but is quickly gaining popularity as a trendy and worthwhile crypto casino. The site offers many games, including original ones like iMoon Crash and Aviator. The games are easy and exciting to play and generate huge rewards. One of the site’s best features is its space-themed design, which is as practical as it is attractive. As a crypto casino, the platform supports major payment options like Tether, Tron, Bitcoin and Ethereum.
The casino site is widely known for its game collection with thousands of options. Signing up and playing games on the crypto casino site is easy. You must deposit only $1 to start playing games on the site. There are several gaming options available, from slots to table games. The platform offers a worthwhile welcome bonus, cashback, and more for player benefit. Plus, there are plenty of sports betting options to check out.
It is a relatively older casino site that currently supports payments through cryptocurrency. Cloudbet offers a worthwhile welcome bonus for crypto players and many fun casino games.
Playing at Bitcoin casinos is a worthwhile experience that needs to be improved for online gamblers. Once you get the hang of it, you can enjoy easy crypto payments within minutes.
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