Online Casino Bitcoin Deposit

Online gambling and Bitcoin are actually a perfect pair, because crypto transactions can be processed anonymously and quickly. In addition, there are no chargebacks and there is no need to worry about taxes on profits (although this is changing rapidly in many countries), because Bitcoin is not an official currency. A disadvantage is that gambling is therefore not illegal in any country, which makes it difficult to regulate Bitcoin casinos. So anyone could open a Bitcoin Casino without an official gambling license.

When buying Bitcoins and making a deposit in a Bitcoin Casino, you should pay attention to some important points that we explain here.

What are Top 3 CryptoCurrency Casinos in 2021?

Once you have obtained some Bitcoins you can deposit them into an online casino account using the following steps: 1 Open an online gaming account and go to the ‘cashier’ section of the website. Bitcoin Casino No Deposit Bonuses 2020. New bitcoin no deposit bonus offers for the best bitcoin (btc) casinos. Sign up and play for free! Increasingly competitive and attractive Welcome Offers are appearing in the online Crypto Casino world and the Bitcoin No Deposit Bonus is the cream of the crop!

As mentioned before, there are already a lot of Bitcoin Casinos on the market. Three of these casinos have proven to be trustworthy according to the experts, which are briefly listed below.

Bitstarz is a quite new Bitcoin Casino, which grew rapidly within the shortest time thanks to its various slot machine offers which make it stand out against the competition. It is particularly positive that Bitstarz has a data processing license. New customers at Bitstarz are greeted with a welcome bitcoin casino bonus and other special campaigns.

BetChain is likewise a relatively new provider, which works with a Softwiss platform. The available plays resemble those in a real money casino and you only need an email address for the registration. There is also a welcome bonus and constantly running special promotions. It is especially popular among LTC holders and is widely regarded as one of the best litecoin casinos 2021.

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BitCasino.io has been one of the popular Bitcoin casinos for some time and works together with the trusted provider CoinGaming.io. Players benefit from a large selection of different games and receive both bonuses and loyalty points.

How do you buy Bitcoins?

If you want to try a Bitcoin Casino, you will of course need Bitcoins to be able to deposit them in the Casino. First, you need to set up a so-called Bitcoin Wallet (purse). This “wallet” is comparable to an account at a bank. This is where you store the electronic currency until it is spent. There are now many options for a Bitcoin Wallet, which are divided into the following main categories:

Web Wallet: This is a Bitcoin bank (e.g. Coinbase) that can be used to store the Bitcoins. It is a so-called custodial wallet since a third party owns your private keys.

Software Wallet: With special software (e.g. Argent, Trust wallet or Atomic Wallet) Bitcoins can be stored and managed on your desktop PC. These are non-custodial wallets which means that you own your private keys and are solely responsible for your coins.

Mobile Wallet: As you would assume, with this type of wallet, the Bitcoins are stored on a smartphone or tablet. Purchases can also be made while on the move, with the payment process taking place using a special device or by scanning a QR code.

The following functions are the same for all wallets:

Buy/Send Bitcoins
address as QR code or string to get bitcoins
Signing messages as proof that you are the owner
Backup of private keys
Saving addresses

When purchasing Bitcoins, the software will download the ledger of all Bitcoin payments, which may take a long time depending on your Internet connection. However, the database ensures that no counterfeit money can be transferred, because each Bitcoin is assigned to a specific Bitcoin address. Users receive a Bitcoin address in the form of a cryptic letter code automatically when the software is installed. In addition, the file wallet.de is stored on the PC, which contains a cryptographic key and confirms to the Bitcoin network that the Bitcoin address belongs to the user. As soon as a wallet has been selected, it must be filled with Bitcoins, which can only be purchased via a swap meet. Basically, Bitcoins can therefore be considered as foreign currency. It is important to compare the different exchanges in order to obtain a favorable price, because the price for Bitcoins also fluctuates considerably. One of the leading exchange markets is currently Coinbase, which scores points in terms of security and user-friendliness.

Further popular crypto exchanges are for example Binance, Bitstamp.net or also Kraken.com. With the purchase of the Bitcoins one should pay attention not only to the rate, but also to the transaction fees. The height of the costs depend again on the current bitcoin price. As soon as the purchase is locked and lands in your wallet, you can use the coins, in order to make a deposit in a Bitcoin Casino.

Depositing with Bitcoins

Best Bitcoin Casino

Many players see Bitcoin as the ultimate deposit method at online casinos. This is mainly due to the fact that unlike other methods such as PayPal, there are no provider fees or costs – neither for deposits nor for withdrawals (aside of the mandatory network fees paid to the miners). This is because Bitcoin works via peer-to-peer transmission. There are therefore no intermediaries who could charge fees. Another advantage is that deposited Bitcoins are immediately available in the player’s account. Deposits in a Bitcoin Casino are usually made in such a way that a Bitcoin address is displayed in the online cashier, which must then be copied and pasted into the wallet for payment. Some online cashier systems also display clickable Bitcoin addresses, after which the wallet opens automatically.

Conclusion

Depositing Bitcoins at a Bitcoin Casino allows for easy, anonymous and secure payment without the need for a bank or intermediary. The digital currency uses cryptography rules and math that cannot be manipulated. Once you understand the principle, buying Bitcoins is relatively easy. However, it is important that buyers keep an eye on the exchange rate fluctuations and always choose the most favorable rate. All in all Bitcoins are however a outstanding alternative to conventional payment methods.

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Published Wednesday, Nov. 25, 2020, 11:44 am

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Over the last half a decade, cryptocurrencies have transformed various industries, mostly on the back of the success of Bitcoin (BTC). From becoming a major disruptor in the finance and tech sectors, Bitcoin and other cryptos are also revolutionizing the online casino realm. So much so, we are now firmly in the era of the bitcoin casino.

One thing casino online customers value is the ability to choose between a wide range of payment methods. Venues that already support credit cards, bank transfers, and e-wallets like PayPal are increasingly embracing Bitcoin. However, something more interesting is happening and some online casinos only accept crypto transactions.

The idea of a Bitcoin casino is new, so what exactly is it?

Perhaps the most important point is understanding the difference between a dedicated Bitcoin casino and a regular online casino that supports Bitcoin. The former is a normal online casino that allows users to deposit and withdraw funds in BTC alongside traditional currencies like dollars and pounds. The latter is a new type of online casino that specializes in cryptocurrency and only supports digital formats.

Here’s a good way to know the difference:

A regular casino that supports BTC payments: You can deposit and withdraw money by selecting BTC as a payment method. However, the casino will automatically convert BTC deposits into normal currencies like EUR, GBP, or USD.
Bitcoin casino: This is a specialist venue that only allows transactions in BTC or other popular cryptos. Any winnings will also be paid out into BTC.

Bitcoin casinos have been developed for people who value the ability to carry out every-day monetary movements in Bitcoin. While cryptocurrency casinos are a new concept in the online gambling realm, they are quickly becoming popular. Indeed, the best Bitcoin casinos are often as good as the leading normal online casinos.

Certainly, there are some clear benefits to gambling at a BTC casino. Firstly, all games are equal, including casino classics like roulette, slots, poker, blackjack, and sports betting. The focus on privacy that makes Bitcoin a potent financial tool for payment transactions extends to the online casino world.

When you deposit and withdraw at a Bitcoin casino, there are no personal or financial details involved. This added security is possible because of the decentralized nature of Bitcoin, which means the currency is not attached to any financial institution. Furthermore, because there are no middlemen, BTC transactions for withdrawals and deposits are instant.

Below are the best casinos that specialize in Bitcoin and cryptocurrency transactions:

BitStarz

BitStarz is widely recognized as the best Bitcoin casino and is a competitor for being the best online casino of any kind. Since it arrived in 2014, the venue has been a beacon for cryptocurrency fans in the casino world. In just six years BitStarz has enjoyed substantial growth and is comfortably the most popular BTC casino.

Unfortunately, BitStarz is not available in the UK or USA, but it is popular across Europe. Reflecting its position as a major online casino, BitStarz often has some stellar bonuses. For example, the Welcome Bonus is either 5BTC or 500 Euros, alongside up to 180 free spins. Punters at BitStarz can also choose to pay in regular fiat currencies.

Winz

Winz is one of the newest crypto casino specialists and has been operating since 2019. It supports both Bitcoin and Ethereum payments and is becoming popular in the gambling community. Certainly, the large game catalogue covers all types of casino classics, including poker, slots, roulette, and blackjack.

While Winz is not available in the United Kingdom or the United States, it is legal in most other jurisdictions where online gambling is legal. Alongside support for cryptos, Winz also allows deposits and withdrawals in traditional money currencies.

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Bitcoin Casinos Online

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