Bitcoin is a form of new generation payment method often referred to as cryptocurrency. Bitcoin came into existence in the year 2008 and it has exponentially grown becoming the most popular form of virtual currency that is generated through a “mining”process. To access the currency, you have to mine for bitcoins through the use of some dedicated computing resources or by simply exchanging bitcoins for cash. Today, there are still a number of online casinos that do not allow users to pay with Bitcoin but over time, there has been an increase in the number of mobile casinos that let users deposit using Bitcoin. This post will centre its attention on some of the best Bitcoin casinos while providing you with an overview on how best you can make deposit and withdrawals on your Bitcoin account.
How Bitcoins work
One Bitcoin is essentially one computer file that is stored digital wallets on computers or smartphones. You can send Bitcoins to your own digital wallet or to other people’s wallets, with each of the transactions recorded on blockchain. Blockchain is a public list that is important in enabling people trace the history of their Bitcoins and at the same time prevent them from spending currency that they do not own, undoing transactions or making copies.
The moment you create a Bitcoin wallet, it will automatically generate your first Bitcoin address, from where you can now create more if or when you please. These wallets create a seed or a private key that is critical in signing transactions. A seed or a private key is a secret piece of data that provides a mathematical proof that the transaction truly came from the wallet’s owner.
Making deposits with Bitcoin
There are three vital steps that are involved in making Bitcoin deposits. The first of these three steps in transferring your crypto funds to your Bitcoin address. Secondly, open a an account at your desired Bitcoin casino and look out for a deposit button.Once you click this button, you will be required to copy and paste the provided BTC address. Once you have complete these three steps, you will just be a moment away from accessing Bitcoin casino free spins among other perks. Once you paste the address, enter the amount you wish to deposit then hit enter. The confirmation periods depend on your casino of choice before you get down to it. Even though some have instant play features, you will only be able to make winnings after the deposit confirmation.
Making withdrawals with Bitcoin
To withdraw your winnings from a casino, you will be required to click on the banking interface then find the Bitcoin withdrawal button and click on it. This will allow you to choose the amount you wish to withdraw then it will be transferred to your Bitcoin wallet. The withdrawal time will always differ from one Bitcoin casino to another. However, a majority of our listed Bitcoin casinos offer their users instant payouts, meaning that immediately you make a withdrawal, your winnings will be processed and transferred to your wallet instantly.
Safety of payments with Bitcoins
Once you make a transaction with cryptocurrencies, you cannot make a reversal. This is what makes these crypto transactions so secure. Therefore, care must be taken when sending cryptocurrencies because once a transaction is verified by a node in the blockchain, you cannot reverse, whether sent to a wrong address or the wrong amount.
Bitcoin Casinos by Software Providers
If you are looking to play on an online casino that accepts Bitcoin as a payment method, then you should be bale to decipher which casino is worth investing your time and money. Since the number of reputable companies that accept Bitcoin as a method of payment are constantly on the rise, so are the software providers that support Bitcoin as a mode of withdrawal or deposit. These software providers are responsible for creating online games that can be played in real money mode then process your payments over your tablet or smartphone.
NetEnt Casinos with Bitcoin
NetEnt, otherwise referred to as Net Entertainment, is a reputable for online gambling solutions that has been existence for more than 20 years. The Scandinavian software provider supplies a number of prestigious casinos all over the world with different games including table games and slots among others. This, in no doubt, makes NetEnt a big player in the industry. NetEnt rolls out games with spectacular graphics, sound effects and animations. If you are a fan of Bitcoin casino games, you have a number of reputable Bitcoin casinos that run on the company’s software platform at your disposal.
Top NetEnt Casinos with Bitcoin
Playtech Casinos with Bitcoin
Playtech prides itself in providing reliable and well-established Bitcoin casino software with many years of experience in the industry. It is responsible for developing numerous casino games including Roulette, Blackjack, Slots, Baccarat and more. Games powered by Playtech are definitely a good choice for players looking for an incredible gambling experience.
Top Playtech Casinos with Bitcoin
Bitcoin casino bonus
Bitcoin casino bonuses are one of the many strategies that Bitcoin gambling platforms use to attract new users and retain regular users. These platforms offer generous bonuses but there is always a catch. For instance, a platform may offer you 1BTC or even more but it may actually be necessary for you to roll over these bonuses 50 times or more before you could actually make a withdrawal. Therefore, always make a point of checking the terms and conditions and ensure that the bonus policy on your platform of choice actually matches your gambling budget. Below you can find the top Bitcoin casino bonuses listed.
Alternatives to Bitcoin
If you are looking to remain anonymous but you have no time to dive into the world of cryptocurrencies, you can opt to use prepaid payment methods like Paysafecard. An e-wallet like Instadebit or PayPal is also a great option if you seek a great alternative to Bitcoin but with similar instant transactions advantage.
The first and most important advantage of using Bitcoin is it ensures you maintain privacy, whether you are a casino owner or a player. No third parties can have access to your financial information because you don’t need to link your debit/credit card to make payments. Additionally, Bitcoin withdrawals and deposits are instant. This means that once you send funds to your casino’s BTC address, the transfer of funds will be immediate after confirmation.