Bitcoin is the most popular cryptocurrency in the world and every day thousands of people create an account to start using this payment system. In this article we’re going to review all aspects of bitcoin and explain why it is in such a favor of multiple online casino players.
Imagine that you’ve been playing for a while on the betting platform and finally have won a good cash prize. You’re about to collect your winnings and go to the payment page but then you realize that there is some problem with your standard bank. You’re confused and don’t know what to do, but there is a resolution – creating a bitcoin wallet. It’s a valuable option for online gamblers due to numerous reasons.
More about bitcoin
Bitcoin is an electronic cash system that was invented in 2008 and released in 2009. Satoshi Nakamoto is a nickname of a person (or a group of people) who came up with the idea. Bitcoin has gone global, but Nakamoto’s identity still remains unknown.
This is a digital currency that transfers data from user to user through a blockchain without any necessity of having intermediaries. Network nodes verify transactions by using cryptography. If you’re completely new to bitcoin, further you’ll find all the information you need to set up your cryptocurrency wallet.
There are many different bitcoin wallets, and each one has its advantages and disadvantages, but generally, the steps of creating an account are similar. In order to start the process you need to click the button “Sign up” or “Register”. After that you’ll see empty fields where you want to write your name, location, choose the document that you’re going to use for verification and one of the payment options. It’s necessary as you’ll have to pay for your bitcoin with a conventional bank. That’s why you should link your credit or debit card.
As soon as you pass verification, numerous options open up to you, including buying cryptocurrency. Select the amount of bitcoins that you’d like to buy to see how much it is in your preferred currency. If you’re content with the exchange rate, click “Buy”. The purchase will remain in your wallet until you use it to transfer or purchase something.
If you’re worried about security, a bitcoin wallet is protected with a password that we recommend to write down and never tell to anyone.
Why is it profitable to bet with bitcoin?
Many players prefer this cryptocurrency when it comes to betting at online casinos. That happens for many reasons. First of all, a lot of gambling sites offer special bonuses and prizes for bitcoin users. It could be cashback, additional free spins or some other promotion that is aimed to stimulate bitcoin usage.
Besides, it’s not hard to notice that the majority of online betting platforms provide better terms for deposits and withdrawals if you use this cryptocurrency compared to credit or debit cards. For example, bitcoin is the fastest when it comes to collecting your money as the withdrawals are almost always instant. Also, you can often see lower withdrawal limits for bitcoin users. That is to say, with this payment system you get a big list of advantages. If so, why not use it?
What online casinos have a bitcoin payment option?
Once you start to use a bitcoin wallet and realize how convenient it is to utilize cryptocurrency you might want to know where it’s possible to apply. Below we give the names of some online casinos with this payment option that are popular among Australian players and all over the world. Look through the list and select the one that suits your demands the best possible way. Also, on our website you can find a detailed review of each of these betting platforms.
- Raging Bull Casino. This is one of the most popular online casinos in Australia with multiple payment methods including bitcoin. Game selection reaches 200 hundred items most of which are also available to play from a mobile browser. The casino has positive reviews from customers, high level of security, provided by SSL encryption and 24/7 customer support.
- Winward Casino. This is another trustworthy betting platform with a bitcoin payment option. It has great promotions for both newcomers and loyal customers so that you’ll definitely find some interesting bonus to take advantage of on their website. The games are available from a mobile device for you to play on the go whenever you want. Customer care is open to contact either via live chat or email.
- Woo Casino. That’s the one you’ll like for sure as the game library contains over 2000 games of different kinds for all preferences from multiple software developers. The casino is officially licensed in Curacao and protects players personal data with a 128-bit SSL technology. Customer service works 24 hours a day, 7 days a week ready to answer any questions and resolve any issues whether it’s about bonuses, payments or something else.
Bitcoin is a modern and convenient way to pay. We recommend that you use the maximum of opportunities that online casinos provide for their customers. And if there are so many advantages in using this cryptocurrency, maybe you should have a try?