Bitcoin (BTC) was first introduced in 2008 and has since become a phenomenon in online gaming. The cryptocurrency has the ability to make anonymous financial transactions, purchasing and exchanging funds around the world. It is extremely popular to players who do not wish to share their financial details, don't own a bank account, or credit card, but want to sign up at internet casinos. More and more online casinos are accepting this payment method, which makes it a great alternative to more traditional deposit options.

Bitcoin/BTC Casinos

How to Setup a Bitcoin Wallet

In order to start making online gambling deposits, a digital wallet will need to be set up first. Follow the simple steps below to get started:

• Step 1: First, you will need to set up a digital wallet for your bitcoins. The process is totally simple- all you need is an e-mail address. There are numerous types of wallets, including mobile (for iPhone, Android, Windows), desktop, and web wallets. Each type of wallet has its own benefits. You can choose which wallet is right for you and learn how to secure your wallet.

• Step 2: Once you have created your wallet, you'll be able to start adding Bitcoins. People can send you Bitcoins, exchange them from your bank account, or you can buy them from various online sites.

• Step 3: After you receive your Bitcoins, the fun can begin. Having a Wallet will let users receive, store, and send Bitcoins to other parties. Check out the table listed with online casinos that offer Bitcoin deposits and enjoy!

Popular Bitcoin Wallets:

  • Bitcoin Core
  • Multibit
  • Armory
  • Mycelium
  • Wirex
  • Xapo
  • BitGo
  • GreenAddress
  • Keepkey
  • Trezor
  • Ledger Nano
  • BitAddress

Perks of Using Bitcoins

There are many advantages to using a Bitcoin Wallet which is why the cryptocurrency has been easily adopted by so many. Not only are you able to make anonymous transactions, but also reap the benefits of low transaction fees. The current market price for a Bitcoin is always changing due to the supply and demand for it. Deposits and withdrawals are mostly free, basically eliminating payment processing costs, which allows casino sites to have more money to put forth for deposit bonuses and promotions. It also means they can offer top payouts for online casino players.

Another Bitcoin bonus is receiving payments within 15 minutes or less. Bitcoin is able to transfer funds so quickly due to eliminating banks from the equation since it does not have any ties to a government, isn't based on any particular currency, and is solely operated in the peer-to-peer marketplace. Since Bitcoin is decentralized from banks, peoples funds cannot be seized or frozen, like they can be in a regular bank system using traditional currency. For unregulated or illegal markets this facet is a game changer, players in the United States have had their funds frozen by the US Department of Justice in the past.

Bitcoin allows you to have complete freedom and ultimate control over your money. It has also risen in popularity because of its extreme security and encryption measures, making it difficult to hack or access someone else's account.

Bitcoin Casinos offer an Instant Withdrawal

Bitcoin is a popular cryptocurrency that works as an effective payment method for gamblers all over the world. It’s beneficial to use because bitcoins can be transferred very quickly, and because exchange rates aren’t as difficult to deal with when working with the currency. Players that are looking for a reliable payment method that allows nearly instant withdrawals should consider playing at bitcoin casinos.

How Bitcoin Works

For players that are unfamiliar with Bitcoin, it’s a virtual currency held in containers known as “wallets”. These wallets are special storage codes that denote the location of Bitcoin currency. The owner of the Bitcoins is generally the only one that knows the wallet code, and Bitcoins are passed to new wallets, or wallet codes are exchanged from one person to another to complete Bitcoin transactions. The process is simple once you understand the currency, and most gamblers don’t have any trouble making deposits or withdrawals using Bitcoins.

Why Bitcoin enables Fast Withdrawals

Bitcoin can be moved from one location to another very quickly because it’s possible to verify transactions in just an hour’s time. That means that you can very easily deposit into a new casino using this currency, and more importantly you can pull money out of a casino using Bitcoin as the currency in the same amount of time. That means you can withdraw your winnings in just an hour’s time and there aren’t any transaction fees to worry about when dealing with the casino. Once the coins are back in your own wallet you are free to spend them or withdraw them in the form of your local currency.

Enjoy Gambling Anywhere in the World

Since Bitcoin is a supported cryptocurrency all over the world, it’s possible to utilize casinos online anywhere in the world regardless of the country of origin. There’s never an issue with conversion rates and players already understand what the coins are valued at.

Play at Leading Bitcoin Casinos

Now that you know all the benefits of relying on Bitcoin as a deposit and withdrawal method at online casinos, it’s time to find casinos out there that support the currency and make it possible to use it. Below is a chart of some of the top online Bitcoin-friendly casinos available today. Take a look through the options for the one that best matches your needs and the features you’re looking for as a gambler.