Top Online Casinos for Bitcoin
No one has any idea who Satoshi Nakamoto is, the mysterious father of bitcoin. What we know for sure is that his invention is getting more popular each day. American casino fans are particularly fond of the world’s most popular cryptocurrency, which is what inspired us to talk about top online casinos for bitcoin.
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How We Pick the Best Bitcoin Casinos?
Bitcoin was invented in 2008, but it took a couple of years for the cryptocurrency to really take off. That said, bitcoin is still a new kid on the block when casino payment methods are concerned. In comparison, Visa was launched in the 1950s, which is more than half a century before bitcoin.
This is the main reason why bitcoin is not a too common sight in online casinos. The good news is that some awesome online casinos do deal with bitcoin deposits and withdrawals. As you can see in the list above, we’ve managed to pick out ten of such casinos. Apart from accepting bitcoin, these casinos are great for many other reasons, including:
Online Casino Deposits with Bitcoin
Bitcoin is based on blockchain technology, which, to be honest, is not very easy to understand. The good news is that it’s not essential to have extensive knowledge of the blockchain to be able to make bitcoin casino deposits.
Actually, it’s just the opposite. Making online casino deposits with bitcoin is no more difficult than making a deposit using any other method. The entire process can be done in a few easy steps.
Let’s now take a look at how bitcoin deposits are made:
Find a MobileCasinoParty-approved online casino that accepts bitcoin deposits. Sign-up and make sure to confirm the account.
After signing up, it is time to make a deposit request. You should pick bitcoin as your desired deposit method.
Decide how much money you wish to deposit. Most casinos require you to enter the value in USD, not in BTC.
Enter your bitcoin address and confirm the payment, after which you will have to do the same in your BTC wallet.
Online Casino Withdrawals with Bitcoin
A great thing about cryptocurrencies is that they can keep you anonymous. You only need to provide the casino with your BTC wallet to make a withdrawal. They don’t need any other data to be able to send you your BTCs.
However, most online casinos do ask the players to verify their accounts before allowing them to make withdrawals. This has nothing to do with bitcoin, but with their anti-money-laundering policies.
After verifying your account, proceed to make a bitcoin withdrawal request:
Go to the banking section of your online casino, which is where you need to choose the option ‘Withdrawal.’
Choose bitcoin from the list of available payout options and enter your BTC wallet address.
Decide how much money you wish to withdraw and type in the amount using the US dollar as the currency.
The casino will calculate how much your withdrawal is worth in BTC. If you’re okay with it, it’s time to confirm the payout.
In 2008, the world’s first blockchain-based cryptocurrency was invented. It was given the name bitcoin by its mysterious founder Satoshi Nakamoto. The word mysterious perfectly describes bitcoin’s father as no one can tell for sure who Nakamoto is.
Many theories are circling the internet about his identity, but there’s no proof any of them are true. What’s certain is that whoever Nakamoto is, he (or she, or they) is a very rich person. According to some estimates, the father of bitcoin owns over a million BTC.
If Satoshi Nakamoto had sold all of his million bitcoins in December 2017, he’d now be one of the world’s richest people as that’s when the price of one bitcoin was at its highest – $19,783.
Useful Tips for Bitcoin Casino PaymentsEven if you’re not very experienced with cryptocurrencies, it doesn’t mean you should give up on using bitcoin for casino deposits. Luckily for you, you got MobileCasinoParty to help you get the most out of your casino exploits. In the next part, check out some tips and tricks on how to make bitcoin casino payments.
When making bitcoin deposits/withdrawals, make sure to double-check everything, especially the wallet address. It comes in the form of 26-35 random characters, meaning that it’s easy to make a typo. If you send BTCs to a wrong wallet, they’re gone.
Good to Know!
One of the key reasons why online gambling fans love bitcoin is that it allows them to go around their bank’s limitations. If your bank doesn’t do online transfers aimed at gambling sites, you can buy bitcoins with your credit/debit card, and then make an anonymous deposit to any online casino you like.
Pros & Cons of Bitcoin Casino Payments
Is Bitcoin better or worse than some more conventional banking options? The answer depends on your preferences, as every casino payment method has its pros and cons. Let’s see what bitcoin’s pros and cons are.
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Facts About Bitcoin
In 2017, the word ‘bitcoin’ was voted the word of the year by Financial Times and many other sites. Still, even though everyone seems to be familiar with the word, not many people actually know a lot about bitcoin. With that in mind, here are some fun facts about Satoshi Nakamoto’s brainchild.
Frequently Asked Questions
Bitcoin is a decentralized cryptocurrency, meaning that there’s no one who could ban you from using it for whatever purpose you want. Of course, as long as that purpose is legal. What this means is that if online gaming is legal in your part of the world, using bitcoin for online casino payments should also be legal.
Bitcoin payments are peer-to-peer transactions, which means that there’s no bank or a payment processing company involved. In turn, this means that there isn’t anyone you need to pay for bitcoin sending services. That said, BTC casino payments should come with no fees. Unfortunately, there are some online casinos that charge a fee on all withdrawals, regardless of which method is used.
They can be completely anonymous if your online casino does not request any personal information from you. However, most of them do ask your name, as well as your address and other details. The reason why your casino might ask you to provide your details is to make sure there’s no money laundering going on.
Yes, you can. The whole point of bitcoin transactions is that no names are used. You just need to enter the right wallet address. Getting your friend to deposit money to your casino account (and vice versa) is something that’s not possible with most other banking options.