Cryptocurrencies are all the rage these days. They are gaining increasing popularity thanks to their great value and ease of use. Names like Litecoin, Ethereum and Bitcoin are finding their way into everyday vocabulary. It comes as no surprise then, that they have managed to make it into the online gambling domain. Check here the ultimate guide on gambling with Bitcoin
Why use Bitcoin to gamble
Bitcoin has recently made news thanks to its explosive value recently. But here are some of the reasons why gambling with Bitcoin is recommended.
Security – Gambling With Bitcoin
Let’s be clear, if you are going to supply your personal and financial information to a gambling site, you might want to make sure that your payment method is as secure as possible.
Once you make a deposit using Bitcoin, a transactional record will be created, making it difficult for any casino operator to run off with your money.
There will always be a digital trail that tracks your transactions and where your money has gone to.
Exchange rates – Gambling With Bitcoin
Like all monies, Bitcoin comes with a value that fluctuates on a day-to-day basis. Depending on the currency of your choice, the exchange rate has a big part to play. Casinos will often charge a small fee in order to exchange the currency.
When you are gambling online, you won’t have to go through the hassle of dealing with the exchange rate. You can play in Bitcoin and withdraw Bitcoin.
How to gamble using Bitcoin
Getting started at online gambling with Bitcoin is easy-peasy. Follow our simple steps below to get started in no time:
- Register for a Bitcoin wallet
This is your initial step if you are planning on gambling and playing casino games in Bitcoin. You would first need a virtual wallet for you to keep your Bitcoin in. You only need to register for a Bitcoin account. You will then be provided with a digital address. This is a vital address. You should keep this safe.
- Buy Bitcoin
Once you are ready to get your hands on some Bitcoins, you would have to purchase them. Simply open your Bitcoin wallet by logging into your accounts and purchasing coins in your own currency. This works the same way as if you were purchasing something online.
- Pick an online casino site
Now that you are funded, you can proceed to pick your favourite Bitcoin casino and make a deposit. Make sure that your casino of choice accepts Bitcoin as a currency. If the casino does not accept Bitcoin, you won’t be able to deposit and play otherwise. Use these promos to get your hands on exclusive casino bonus deals.
- Make a deposit
You found the casino of your dreams and are ready to make that first deposit. Open your Bitcoin wallet, make a deposit and you are good to go. The transaction process is quite straightforward and should not take long. You can now proceed to play your favourite casino games, including online slots and card and table games.
Now that you know how easy it is to gamble online with cryptocurrency, you should know that gambling with Bitcoin is potentially one of the safest and most convenient methods there is online.