Using Bitcoin for Gambling: Everything you need to know
More and more sites are adapting to the new virtual currencies by accepting transactions through this payment method. Thus, most online casinos have started to accept Bitcoins and other cryptocurrencies.
This is due to several reasons; on the one hand, it is logical that the best real money online casinos want to be up to date with the payment possibilities since it is a very competitive industry.
Nowadays, more and more players are looking for sites that accept this payment method because it offers many advantages in the gambling world.
Bitcoins are very secure and offer greater anonymity than the rest of the payment methods. And as if that were not enough, they do not require you to share personal or banking information.
But we haven’t even mentioned the best part! Bitcoins are the fastest payment method, allowing you to withdraw your winnings almost instantly, which is impossible with any other payment method. Once you request a withdrawal, you can send the Bitcoins to your wallet on the spot. Thanks to a peer-to-peer transaction, no other entity is involved, so there are no systemic delays.
Bitcoins are relatively new in the world; therefore, for many players, they can be very intimidating for not knowing how they work. This article will explain how to use Bitcoin to bet at the best real money online casinos. You will see that it is really simple and that once you learn how to do it, you will need to use your downpayment method.
The first step: Create a crypto wallet
To buy your first Bitcoins, you need to get a crypto wallet to store your cryptocurrencies there. This wallet works like any other virtual wallet; it is private, and no one but you can access it.
There are many crypto wallet options to choose from. Once you select the one you like the most, you need to generate a username and password. Then you can incorporate other security barriers, such as fingerprint or facial recognition.
No one will be able to access your wallet without your permission. Only you will have control over it and your cryptocurrencies.
Step two: Buy Bitcoins
Now you need to buy Bitcoins to be able to bet with them. You need to access a cryptocurrency exchange, such as Binance, access their website, and follow the step-by-step procedure explained there.
You need to create an account, so you will have to fill in some data. Then you can buy Bitcoins with your debit or credit card. It is really simple.
Now you must send the Bitcoins to your virtual wallet
You have already managed to buy Bitcoins, but you need to send them to your virtual wallet so you can use them in your favorite online casino. You must transfer the Bitcoins from the exchange account to your virtual wallet.
This procedure is also very simple; you just have to follow the instructions on the exchange’s website. You will find an option that allows you to send and receive cryptocurrencies; then, you must indicate that you want to send Bitcoins to your virtual wallet, for which you must enter its address and then just click on “send.”
Finally: You must choose the online casino of your choice that accepts Bitcoins and fund your account
You already have the currencies to bet with; now, you must choose an online casino that accepts Bitcoins as a payment method.
If you already have an account in the casino, you only need to deposit the cryptocurrencies. Otherwise, you must first create an account in the online casino, which is very simple; you just have to follow the step-by-step instructions after clicking on “register.”
The steps to deposit funds into your account are also straightforward. You must access the banking section of the casino´s website and click on deposits. From there, you just have to follow the step-by-step instructions, and that’s it! Your account will already have the necessary Bitcoins to bet.
Conclusion
Betting online through Bitcoins is very convenient, easy, and fast. It’s just a matter of being encouraged to perform operations that you have never performed before but which are not complex. Don’t resist any longer, and give it a try!