How Can I Deposit Bitcoin For Casino Games?
Since bitcoin is one of the most popular cryptocurrencies in today’s generation, it’s no surprise you’ve heard of it. A lot of casinos are now following the trend of using cryptocurrencies in their games. Players around the world can play slots using bitcoins.
For first-timers, bitcoin could be confusing; so you need to learn how to deposit bitcoins to play crypto games. Sounds difficult? Here’s a guide to help you.
Open a Bitcoin Wallet
Before you can deposit bitcoin and play crypto casino games, you need to open a bitcoin wallet – an online hub for buying and selling bitcoins. There are different types of bitcoin wallets; one of the most commonly used is a hosted wallet.
A hosted wallet is storing your bitcoin using a third-party channel. This is highly similar to opening an online bank account. You’d be able to load your bitcoin wallet using your debit or credit cards.
Make sure to find a legitimate and secure provider, and follow their instructions on how to make a bitcoin account with them.
Make a Bitcoin Casino Deposit
Once you’ve created an account and deposited bitcoin funds in your bitcoin wallet, you’re ready to deposit bitcoin to play crypto casino.
When you’re on the homepage, navigate to the deposits page and choose the bitcoin option. Next, you need to follow the instructions, and you’re all set. After you finish the transaction, it’ll only take a few minutes and you can start playing the game you want to bet on.
How to Convert Bitcoin to Cash
Withdrawing your winnings and converting them to cash is as easy as depositing your bitcoin in your wallet.
The first thing you need to do is to go to your bitcoin wallet and copy your wallet’s address. After that, head back to the casino and go to the cashier’s page. From here, choose “withdrawal” instead of “deposit”.
Enter the amount you want to transfer and key in your bitcoin wallet address at the space provided. In just a few minutes, you’ll have your winnings in your personal bitcoin wallet.
Since the bitcoin is already in your wallet, you can decide what to do with it. You can transfer it to your bank and convert it into your local currency. You can also keep it there and wait for a better exchange rate.
Things to Note About Bitcoin Banking at Online Casinos
One of the best features of bitcoins at online casinos is its straightforward process. Players can easily deposit bitcoin and play slot games. Despite providing easy transactions, there are other things to consider.
First, unlike conventional payment options, you can reverse or cancel the transaction. This means bitcoin or other cryptocurrencies transfer is permanent. Second, expect to pay small fees for every transaction you make. For instance, whenever you deposit or withdraw bitcoin at crypto casinos, there will be a small charge.
On the other hand, once you’re familiar with these things, you’ll know exactly how much you’ll get when you deposit and withdraw bitcoin at a crypto casino.