How to Deposit Bitcoin in Your Online Casino Account

In the previous decade, the popularity of Bitcoin Gambling has skyrocketed. One of the most tempting aspects of Bitcoin is the fact that each transaction may be nearly completely anonymous. Unfortunately, this trait has resulted in extremely complex systems that are also quite secure. For obvious reasons, this scares off a lot of potential participants.

In the previous decade, the popularity of Bitcoin Gambling has skyrocketed. One of the most tempting aspects of Bitcoin is the fact that each transaction may be nearly completely anonymous. Unfortunately, this trait has resulted in extremely complex systems that are also quite secure. For obvious reasons, this scares off a lot of potential participants.

Using Bitcoins for online gaming is both safe and cost-effective, as you’ll discover in this essay. I hope you’ll find this helpful even if you’ve heard of Bitcoin before and were too scared to get started.

With this step-by-step guide, which includes illustrations to help you along the way, you’ll be able to buy and trade bitcoins in only a few minutes. When you have bitcoins in your possession, you can use them to bet on partner sites’ Bitcoin-friendly gambling alternatives.

singapore pool

What is Bitcoin

You’ve probably heard of bitcoins or read about them before. If you did, they may have sounded confusing. At first glance, it appears complicated, but it’s actually rather simple.

Bitcoin is a breakthrough method of securely, affordably, swiftly, and cost-effectively moving money across the internet. As a currency and commodity hybrid, Bitcoin may be traded 24 hours a day, seven days a week on bitcoin exchanges across the world.

Online gamblers in the United States, in particular, should consider this a virtual present from the gods. When it comes down to it, Bitcoin is a sort of “electronic currency” that can be exchanged for any real-world cash 24 hours a day, seven days a week.

Where to start

For these Bitcoin transfers, we recommend using two distinct websites. Coinbase.com and Blockchain.com are the two websites in question. Each site has its own unique features and functions when it comes to assisting you in funding your online sports, online games, or gambling account.

The safest and most convenient option to buy bitcoins is through Coinbase, which accepts a variety of funding ways and has a lengthy history of protecting customers’ private information. An additional layer of protection and privacy is provided by Blockchain.com, which acts as a middleman.

If you follow our instructions, you can utilize both of these services at the same time for optimum security, anonymity, and convenience.

Why choose Bitcoin?

For online casino Singapore consumers who don’t want to deal with credit cards or any other third-party sources, Bitcoin is rapidly becoming one of the most preferred ways to transfer money from one location to another.

You’ll save a lot of money if you don’t have to pay hefty fees for depositing or withdrawing money from your credit card. Not to mention the fact that you will no longer have to explain to your spouse the weird expenditures on your credit card.

Hosting your Bitcoins through a third party, as you would with a bank account, is what a hosted wallet is. If we put all of our funds in a piggy bank in our room, it would be a good comparison for how software wallets work now.

A hosted wallet would be one in which we maintained all of our funds at a reputable financial institution. Basically, this means that we have been outsourcing the protection and safekeeping of our money to another organization.

Depositing money into your Bitcoin Wallet

The process of opening a Bitcoin account or Bitcoin wallet is much the same as opening a PayPal account. It’s as simple as finding a service provider (like Coinbase or Blockchain) and following the on-screen instructions.

Following the setup of your account, the very next action is to deposit money and buy Bitcoin. If you want to make sure you’re getting the best possible deal on your Bitcoin purchase, keep in mind that its value fluctuates like any other money.

Keep in mind that this will always fluctuate somewhat in both directions. Debit cards and credit cards, as well as bank accounts linked directly to Bitcoin wallets, are all acceptable methods of making deposits.

You can use any of these ways, so pick the one which you like best. If you’d rather use PayPal or another payment method, several Bitcoin wallets will let you do so as well. From there, you simply have to link your Bitcoin wallet to your online casino account. It’s that simple to use Bitcoin when gambling online.

Featured Bookie
Solarbet
New Casinos
3.5 rating
Indulge in a four way Welcome bonus in KingBilly online casino!
3.5 rating
Claim your $800 Welcome Bonus today!
3.3 rating
Start playing and get 200% Welcome Bonus!
ThinkBookie
© Copyright 2020 ThinkBookie.com