Since its advent in early 2009, cryptocurrency has slowly but surely taken a stronghold on the world’s economy, creating a niche for itself. The promise of making financial transactions without the need for a middleman was surely a plus, but its ability to seamlessly synchronize with several organizations has been its higher point and Crypto casinos have now become the new “thing”.
STEP-TO-STEP PROCESS OF USING BITCOIN CASINOS
The process involved in joining the Bitcoin casino bandwagon is a straightforward one, you can start using bitcoin casinos after these five(5) easy steps:
How to play online casino with Bitcoin
Total Time: 30 minutes
1. Choosing a Bitcoin exchange
If you already possess bitcoin you can ignore this step. If not you need to, first of all, obtain some bitcoin. You can get bitcoins by exchanging your currency for Bitcoin. There are a few trusted bitcoin exchanges like u003ca href=u0022https://www.binance.com/en/register?ref=15611291u0022 class=u0022rank-math-linku0022u003eBinanceu003c/au003e, Coinbase, Bitstamp, and Kraken that would be a good start for you.
2. Choosing a Bitcoin wallet
Now you have Bitcoin, select your wallet, then select withdraw. Here you’ll have to enter the address to deposit on. This you’ll find on your bitcoin casino profile.
3. Choosing a Casino that accepts Bitcoin
This is the stage where all you need to do is select your casino of choice.
4. Register and select deposit
Fill in the required fields to register your account. Confirm your email and open your profile or select deposit to go to payment options, where you select Bitcoin.
5. Select the amount to deposit to your online casino account
This is a fairly simple process that makes use of your wallet address and the casino’s wallet address. The process takes less than 5 minutes to confirm and then you can start playing immediately.
Estimated Cost: 0.0002 BTC
Materials: Desktop, tablet or mobile
IN A NUTSHELL…
Cryptocurrency has been expanding its horizons for over a decade now and Casinos are taking advantage of that, helping you to make payments and receive your earnings without the need for a centralized authority. This of course increases the risk involved so ensure to do your due process when selecting tour preferred casino, wallet, and exchange as they all handle your Crypto.
Since its advent in the early 2000s, cryptocurrency has slowly but surely taken a stronghold on the world’s economy, creating a niche for itself. The promise of making financial transactions without the need for a middleman was surely a plus, but its ability to seamlessly synchronize with several organizations has been its higher point and Crypto casinos have now become the new “thing”.
WHAT ARE BITCOIN CASINOS?
Since its advent in 2009 Bitcoin and with that cryptocurrencies, in general, have spread their tentacles into the casino business. Some casinos exclusively utilize Bitcoin as their payment currency and others add it as a choice of payment methods, these casinos are referred to as Bitcoin casinos.