The many advancements in technology have provided online players with many new and exciting options. In addition to new games and ways to play, real money gamblers even have new payment methods. Bitcoin casino sites and bonuses have become very popular. Here, players will make use of cryptocurrencies to play instead of using traditional banking options.
At BonusesOnline.com, we provide you with information on how to use Bitcoin to conduct safe and secure transactions online. You can quickly start to play your favorite casino games anonymously and can also benefit from some amazing Bitcoin bonuses in 2020.
What is Bitcoin?
In 2009, Bitcoin was first introduced and quickly became a popular means of making online purchases. In short, it is a decentralized currency that is virtual. There are two main ways in which Bitcoin can be created. One is by mining, which is a process of using a computer to receive Bitcoins as a reward for solving problems and performing tasks. Another way is to exchange traditional currency for Bitcoin.
All Bitcoin trading activities are done outside of any central banking system. They are electronically recorded in a ledger that is referred to as a blockchain. With the blockchain, users are able to trade Bitcoin using secure accounts known as addresses and Bitcoin wallets. The end result is that the government has no control over Bitcoin or its value. It also allows players online to use Bitcoin anonymously when engaging in real money play.
How to Make a Bitcoin Deposit at Casinos
In order to make a transaction using Bitcoin, you will need to have some Bitcoin. If you do not already have a Bitcoin wallet, you will need to create one of these. After this is done, you can purchase Bitcoin on a number of different sites known as exchanges. With your full Bitcoin wallet, you can visit online casinos that support his popular cryptocurrency and begin making deposits to play real money games.
After creating a casino account, you will head to the cashier page. Here, you will simply select Bitcoin as your choice of payment. You will have to note the Bitcoin address that is provided and then use your Bitcoin wallet to send the funds to the casino account. This is an instant process, so as soon as you complete the transaction, you can place wagers.
With many online casinos now accepting this form of payment, you will find Bitcoin to provide fast and simple ways to enjoy paying top-rated casino games at the best sites online. The deposit process is simple, and you never have to provide an online casino with any of your personal or financial details, making this one of the safest methods to use.
You can also use Bitcoin as a withdrawal method at many casino sites. Before withdrawing, you must make sure you have met any wagering requirements from redeemed bonus offers. You can then access the site cashier to request a withdrawal. You will have to provide the site with your Bitcoin address and then choose the amount of the withdrawal.
Withdrawals are typically processed instantly, so you can receive your winnings within 12 hours or less. Ione of the great benefits s that sites will not charge any fees for using this payment method. With fast and secure transactions, Bitcoin withdrawals are one of the best options for real money players.
Benefits of Bitcoin Casinos
Even if you have used traditional methods of payment in the past, you will want to turn your attention towards Bitcoin. There are many advantages to using this method to fund and manage your account. Since the transactions are never routed through a banking system, you will enjoy instantaneous deposits, making this the fastest and most efficient payment method online.
Here are some of the main advantages of choosing Bitcoin over other payment options at online casinos.
- No personal or financial information is ever exchanged with the casino site
- Bitcoin transactions are the fastest of all payment options
- Most sites will not charge any fees for the transactions made
- All transactions are safe and secure, allowing players to remain anonymous
- Exciting Bitcoin casino bonuses offers are available
Speed, safety, and security are the main concerns for players who are engaging in real money play at casino sites. When accessing a Bitcoin casino site in 2020, you can enjoy all of these and have no worries about whether your information will ever fall into the wrong hands.
Drawbacks of Using Bitcoin
While there are many great advantages, you should also be familiar with the drawbacks of using Bitcoin to gamble online. Online casinos that accept this payment method are not required to be licensed by any jurisdiction. This means you may find Bitcoin sites that are not reputable and may not offer secure environments. Always make sure to play at sites that are fully licensed and regulated.
Even though the use of Bitcoin is increasing every day, not all casinos will support this option. IN fact, there are not too many operating sites that are Bitcoin casinos only. Many sites have started to add this option to the list of supported payment methods, so the number of casinos is growing. Another concern is that Bitcoin is known to be a volatile currency. The exchange rate can change rapidly and multiple times per day. If it moves in a positive position, this is beneficial, but if it moves negatively the value of the Bitcoin will decrease.
Bitcoin Casinos and Bonuses
Almost every operating casino will have an array of bonuses and promotions that can be enjoyed by members. When you use Bitcoin to fund your casino account, you can benefit from these offers. In fact, some sites have Bitcoin-specific bonuses that are only offered when using this payment method. You will also be able to benefit from the standard no deposit or a deposit bonus that is offered to new members. With these, you can earn free cash and free spins to use on your favorite games at your chosen Bitcoin casino site in 2020.
A number of top-rated Bitcoin casinos in 2020 will also offer a reload bonus. This is presented when you add funds to an existing account. This type of bonus is a match offer that can help boost account balances so you can play more of the supported game titles. You may also find exclusive free spin deals, which are beneficial if you enjoy playing slots. With these, you can earn a number of free spins when making a qualifying deposit and can then use them to play real money slot games.
Bitcoin Casino FAQ
Are Bitcoin transactions secure?
You can be sure that each and every deposit and withdrawal conducted using Bitcoin will be completely secure. Online casinos use encryption software to process all transactions, and Bitcoin itself also uses this same safety measure. You will not have to provide any personal or financial details to a casino, making this one of the most secure options when it comes to managing a real money account.
What are BTC, mBTC, and uBTC?
When you are playing using Bitcoin, you may see these being used at different sites. BTC refers to Bitcoin and is the common abbreviation that is used. mBTC is a Mili-Bitcoin, and this is equal to 1/1000 Bitcoin. uBTC is a Micro-Bitcoin that is worth 1/100,000 Bitcoin.
Are there minimum deposit amounts?
When you use Bitcoin, you are able to deposit just about any amount to your casino account. The exact minimum and maximum amounts are regulated by the individual casino, but you will find that most Bitcoin sites have no minimum deposit amount in place. These limits are usually in place when a casino bonus is being redeemed.
Play at Bitcoin Casinos Today
Once you have a Bitcoin wallet and address, you can enjoy instant deposits and fast withdrawals. Many leading casinos in the industry will support this option, providing you with a great way to manage funds. The speed and the fact that you do not need to provide personal information to a casino site are the two main advantages of using Bitcoin.
Each day, thousands of gamblers from all over the world make use of this payment method. With more and more casino sites supporting Bitcoin, you will find you have many site options and hundreds of games to choose from, all offering realistic play and some super chances at winning payouts.
Table of Contents
- 1 What is Bitcoin?
- 2 How to Make a Bitcoin Deposit at Casinos
- 3 Withdrawing Winnings
- 4 Benefits of Bitcoin Casinos
- 5 Drawbacks of Using Bitcoin
- 6 Bitcoin Casinos and Bonuses
- 7 Bitcoin Casino FAQ
- 8 Play at Bitcoin Casinos Today