Making Deposits in a Bitcoin Casino
Choosing safe, secure, fast and easy ways to deposit to your online casino account is an important part of enjoying the online gambling experience. Through the use of Bitcoin, players can quickly and easily set up a Bitcoin wallet, purchase Bitcoins and make a casino deposit.
It is important to realize that Bitcoin is a crypt-currency that is not regulated by any government agencies or financial institutions or entities. This means players deposit directly to the casino and withdrawals are direct from the casino to the player, reducing any fees and often resulting in no fees for deposits or withdrawals.
When choosing Bitcoin wallets and Bitcoin exchanges, it is important for players to do their homework. Use reputable sites with positive ratings from others and do not use any Bitcoin exchanges or wallets where there is negative feedback or problems indicated by past or current users. This is really no different than other financial websites, with Bitcoin offering additional security over credit and debit cards or bank transfers and the use of some eWallets.
What Are Bitcoin Wallets?
Bitcoin wallets are really programs that allow for storage, deposit and withdrawal of your Bitcoins. Web wallets operate on mobile devices and are browser based, but still very secure. Software wallets are most commonly used when additional security is required for the transactions.
How To Buy Bitcoin
Bitcoin exchanges online are a safe way to purchase the crypto-currency using debit and credit card or bank transfers. Some exchanges may also accept gift cards or other types of electronic cash transfers. Buying Bitcoin is just like any other type of exchange, with the buyer paying the exchange rate from their currency to Bitcoin at the current rate. Deposits from the exchange are made into the Bitcoin wallet address the buyer provides.
How to Make a Casino Deposit
The deposit page on any casino accepting Bitcoin will provide registered players the options to use the Bitcoin deposit option. Players simply provide their Bitcoin wallet address and the amount they wish to deposit. The transaction is typically completed within minutes with the deposit immediately available for use at the casino.