Bitcoin and other cryptocurrencies are taking the spotlight nowadays. Thanks to its quick and straightforward payment transaction, security features, and lesser fees, the number of people who have shown interest in cryptocurrency continues to grow every year. Several industries from tech companies, restaurants, online shops, and coffee shops began accepting cryptocurrencies like bitcoin as a payment method. It didn’t take that look for the iGaming industry to follow in their footsteps.
Every month new bitcoin casinos are showing up in industries. There are also several sites like https://bitcoincasino-thai.com that guide players about latest bonuses, tournaments, games, and other events. Newbies usually turn to these websites to pick the right casino sites to play and claim the most lucrative bonuses available online.
Bitcoin casino sites allow players to place crypto coins as bets in any casino games or sports betting events. Players can also withdraw their cryptocurrency from the casino platform. Here’s how guide in using bitcoin as your payment.
Depositing bitcoin at online casinos
Before you can use bitcoin on online casino websites, you should acquire a bitcoin wallet. Well, this is obvious. The bitcoin wallet will not only serve as the storage of your bitcoin, you will also need this to transfer the amount to the casino.
Don’t worry if you don’t have a bitcoin wallet, because obtaining this is not complicated at all. There are several types of wallets you can use. The two main types are Hot and Cold wallets. The Hot wallets need an internet connection before you can use them. The cold wallets, on the other hand, are the opposite. You can use these wallets in offline mode.
The mobile bitcoin wallet is also famous among cryptocurrency users. The reason is that this is free. Here, you will only download a secured application to your mobile device. You can use this anywhere and anytime you like as long as you have internet.
When you have a bitcoin wallet, load it with bitcoin. If you visit a cryptocurrency exchange website, you can buy bitcoin in less than five minutes.
Now that you have a bitcoin wallet and bitcoin, it’s time for you to transfer the amount to your casino account. To do this, go to the cashier page of the casino and select deposit. Select bitcoin as your payment method. Here, you should find the bitcoin address of the casino. Copy this address and make sure that you have included every character. If you can’t find the casino bitcoin address, always seek customer support assistance.
When you acquire the casino’s cryptocurrency address, open your crypto wallet and go to the “send money” or “transfer” menu. Fill down all the information asked, including the casino’s bitcoin address and the amount of bitcoin you want to transfer. Always review the details you entered especially in the address. If one character is incorrect, you might send this to the wrong account. When this happens, there is no way for you to get it back.
Some online casinos have a limit for deposit transactions. Other companies also charge processing fees. It is critical for you to know this information before you make your first deposit to bitcoin casinos.
Let say you won a decent amount in playing slot games. Of course, you would want to withdraw this instantly to celebrate and enjoy your winnings.
Withdrawing Bitcoin from your casino account is also easy. You only need to go to the cashier page and click the withdraw button. Inside this page, you will find all the payment methods you can use to withdraw your winnings. Select bitcoins in the list.
When you click the bitcoin icon, a small tab will appear on your screen. You will need to enter the amount you wish to withdraw and your bitcoin address. Remember that you will need to enter the bitcoin address of your crypto wallet. You can find this address under the profile section.
Always check the information you gave to the casino and make that these are correct and factual before you finalize your withdrawal transaction. After reviewing, click the “withdraw” button to send the withdrawal request to the operator.
The operator then will verify your account. This usually takes few hours. If you pass the verification, they’ll instantly process your withdrawals. Good thing, bitcoin is the fastest payment method you can use online. After verification, you can receive the amount in a few hours or less than a day. To compare, it would take 2 to 5 business days for the player to receive their winnings if they use the traditional bank transfer method.
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