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Gambling with Bitcoin (BTC) is extremely popular due to the ease of use of depositing and withdrawing BTC, and it is one of the best use cases for digital gold. We will explore the benefits of this deposit option as well as recommend the best bitcoin casinos.
Why Gamble with Bitcoin?
Bitcoin has become increasingly popular over the years. It is currently the most popular cryptocurrency in the world and has been extremely beneficial for forward-thinking merchants, traders and bettors. Players who enjoy gambling can avoid deposit issues and easily navigate the BTC payment option on any gambling platform or online casino.
There are several reasons for using Bitcoin on a gambling platform. Most importantly, it is extremely reliable and serves as a fast payment option. Besides, players can also withdraw their funds using Bitcoin.
Casinos also offer special perks for players who deposit in BTC, the reason for this is they avoid high merchant processing fees that are associated with Visa or Mastercard. In return, the bonuses are higher, the VIP rewards are better, and you may get lucky with the fiat value of your BTC increasing while you are playing.
We have also compiled a list of the best online casinos that accept BTC.
Best Bitcoin Online Gambling Sites
The best Bitcoin online gambling sites include the following.
- 7 Bit Casino (USA Players Welcome)
- Cloud Bet
- Katsubet (USA Players Welcome)
- mBit Casino
- Spin Finity
How To Play Casino Game Online With Bitcoin
If you are a new bettor, there are several important things to be familiar with when buying Bitcoin. TO begin with you should make sure that you choose a secure Bitcoin wallet, we recommend choosing a bitcoin hardware wallet to ensure that you keep your private keys in your possession.
Many casino sites will enable you to deposit your money with Bitcoin but later convert it to fiat currency. You can then gamble in fiat, and once you cash out the funds are then converted back to BTC. The problem with this is you do lose on exchange rates on both ends. This is why we only recommend casinos that offer pure BTC betting.
Deposits and Withdrawal Using Bitcoin
Bitcoin is not controlled by any government regulatory body or the banking industry. This ensure that you can use Bitcoin in any way that you see fit. Transactions are fast and reliable and are completely traced on the blockchain. BTC casinos often have less KYC requirements, and this may reduce the amount of time before your player account is credited.
Withdrawing using BTC is simple. After you’ve submitted your request, your funds will be sent to your account often instantly, and sometimes with a slight delay accounting for processing time.
Avoid Casino Charges with Bitcoin
Many online gambling sites use third party processors when it comes to accepting wire transfers or credit card deposits. This makes their fees expensive, and these fees are then passed forward to players.
When you’re gambling with Bitcoin, you’ll enjoy reduced fees, and potentially higher deposit bonuses and other VIP perks.
Bonus Offer for Bitcoin Deposit
If you’re using Bitcoin to deposit for the first time, make sure you check the gambling site’s promotional offers. This is because many casino industries offer exclusive bonuses for Bitcoin players. The most popular bonus that you may get in the long run is the welcome bonus, which is standard for fiat players.
Moreover, many casinos and sportsbooks may offer a reload bonus for future players. Although the reload rewards may not be lucrative but can allow real bettors to win extra cash in the long run. mBit Casino is an example of a casino with a huge sign-up bonus.
Bitcoin Gambling FAQ
Is Gambling with Bitcoin Reliable?
Of course, yes! In this 21st century, Bitcoin and crypto betting has proven to be the safest and reliable method of withdrawing and depositing money to several gambling sites and the casino industry.
How Do I Purchase Bitcoin from a Reliable Source?
Acquiring Bitcoin in today’s world is quite simple and easy. Depending on your location, all you need is to navigate your online presence and sign up for online exchange using a credit card or bank transfer. We recommend Binance.
How long does a Bitcoin Deposit Take?
Since Bitcoin is one of the most reliable cryptocurrencies today, how long it takes depends on the transaction volume, it shouldn’t take more than an hour to show up in your account.