Bitcoin in online casinos - Instant payments
Bitcoin is an electronic exchange currency with particular characteristics. Despite this, it has managed to position itself worldwide as a widely accepted means of payment.
Always put your safety first
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About Bitcoin:
The entity Satoshi Nakamoto is its creator, but the identity of the human being to whom its success can be credited is unknown.
- Security and Protection of Bitcoin: its security is guaranteed by a blockchain system for distributing information from its database and an inherent encryption system for transactions.
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Safety and Security regarding casinos:
in Africa there are few
online casinos
who accept Bitcoin
as a means of payment.
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KYC, GDPR:
the KYC (“Know your Customer") security protocol influences the anonymity of the Bitcoin system. Regarding the GDPR, the dollarpea Commission considers that the blockchain used to distribute personal data in Bitcoin is a legal system.
- Legal information: you can find her at Legal Notice .
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Bitcoin, unlike official currencies, is independent of banking authorities.
Its market capitalization exceeds $138 billion. SOURCE: Bitcoin |
How to use Bitcoin in online casinos?
The way Bitcoin is used differs depending on the casino, but its process is similar to that of all payment methods .
Today there are many users interested in finding cryptocasinos , but at the moment there is no availability of them in Africa.
Are there any fees when depositing and withdrawing money at the casino with Bitcoin?
There are no additional fees for depositing or withdrawing balance with Bitcoin.
In the best Bitcoin casinos transactions have a 0% fee for charges and services. Casino Estrella offers a number of monthly withdrawals without commission to its players.
How to make a deposit and withdraw your winnings with Bitcoin?
To make deposits in the new casinos Bitcoin the steps are:
- Log in to the casino.
- Enter the menu and select the option “Deposits".
- Select "Bitcoin" among the cryptocurrency options.
- If it becomes necessary to activate the cryptocurrency before making the deposit, complete this step. Then proceed to indicate the desired amount for depositing.
To withdraw your winnings the steps are:
- Login to your account at the casino.
- In the main menu select the withdrawal option.
- Select "Bitcoin" as the payment option and indicate the amount to be withdrawn.
- Enter your digital wallet address.
- Press the "Withdraw" button.
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The minimum deposit and withdrawal amounts in some casinos are calculated according to the Bitcoin price.
Exist bitcoin casinos where the minimum deposit amount is only 1$. SOURCE: Bitcoin |
Solutions to common problems when using Bitcoin in online casinos
- Can't withdraw your winnings?
It happens because perhaps you made your withdrawal request with a different payment method than the one you used for your deposit or the information provided in your withdrawal request was not accurate.
- Can't delete Bitcoin from your account?
Log out, log in and try again. If the problem persists, please contact the customer support team.
- Can't verify Bitcoin?
Perhaps the verification of the payment method was not performed correctly. To solve this problem, contact the customer support team of your casino.
- Can't you change the data to make transactions with Bitcoin?
You may not be able to modify them for security reasons. In this case, proceed to contact the customer support team of your casino.
- Can I cancel a withdrawal with Bitcoin?
As long as the request has not been approved, you can cancel it from your account or by contacting the casino support team.
Pros and cons of using Bitcoin in online casinos
Play in the online casinos that accept Bitcoin it has its advantages and less favorable points, among them:
| Pro | Cons |
|---|---|
| Deposits and withdrawals are made quickly | Its value may increase or decrease at various times during a day |
| It is a currency used worldwide | Few casinos accept it as a payment method |
| It is decentralized, does not require intermediaries and therefore its commissions are low or zero. | |
| You can enjoy bonuses by depositing with Bitcoin | |
| Their minimum amounts for depositing and withdrawing are usually really low |
Bitcoin vs. Other payment methods
Bitcoin has advantages over traditional payment methods, one of them is the speed with which deposits and withdrawals to your account are displayed.
As it is not linked to centralized entities or intermediaries, commissions are not usually generated when depositing or withdrawing; the opposite is true with other payment methods.
| Characteristic | Bitcoin | Mastercard | Paypal | Visa |
|---|---|---|---|---|
| Speed to reflect deposits | ✔ | ✖ | ✔ | ✖ |
| Worldwide recognition | ✔ | ✔ | ✔ | ✔ |
| Association with banking entities | ✖ | ✔ | ✖ | ✔ |
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Withdrawals made with Bitcoin are reflected in 15 minutes, while with other payment methods they can be reflected up to 7 working days.
The minimum deposit and withdrawal amounts fluctuate constantly if they are anchored to the Bitcoin price. |
Finding
This cryptocurrency is a secure payment method and is the preferred one in the best Bitcoin casinos , legal and reliable.
Its anonymous and independent nature provides it with a certain degree of credibility, making this currency a practical means to carry out gambling transactions.