Deposit at Online Casinos with Bitcoin
A quick 3-step guide to Bitcoin online casino deposits.
It doesn’t take much to deposit at online casinos with Bitcoin and other digital currencies. All you need is the right knowledge, a Bitcoin wallet, and a gaming website that processes cryptocurrency payments. By the time you’re done reading this guide, you should have the first goal accomplished, and be ready to complete the final steps.
Digital currencies like Bitcoin, Litecoin, and Ethereum are real money, but not physical money. You can spend it, but you can’t hold it. Buying Bitcoins is similar to purchasing a prepaid card—you use real cash to buy it, and can use it like real cash to make purchases. The difference is that, because it’s a digital currency, it fluctuates in value, just like any standard currency. Thus, the exchange rate can vary from one day, week, or month to the next.
Not sure yet if Bitcoin deposits are right for you? Learn the pros and cons in our Comprehensive Bitcoin Guide.
Guide to Bitcoin Online Casino Deposits
Using cryptocurrency to gamble online is a simple, 3-step process. It’s incredibly similar to using an online web wallet like PayPal or Skrill. First, you’ll need to open a Bitcoin wallet. Then, you’ll need to buy Bitcoins to put in the wallet. With that done, you can use the wallet to fund an online casino account.
Step #1: Get a Bitcoin Wallet
First things first, you need to open a Bitcoin Wallet. There are plenty of them to choose from, available for desktop and mobile, as a download/app or in-browser program. I won’t bother telling you which one to use, but I will recommend the most trusted place to find one. Where better to look than directly from the source?
Bitcoin.org offers a large selection of safe Bitcoin wallets. Choose one from the list, then download the app or visit the website to register an account. It’s free and only basic details are required.
Step #2: Purchasing Bitcoins
There are several ways to go about purchasing Bitcoins. You can buy them directly. You can use an exchange service. Or, if you happen to live in a major city where they’re available, you can visit a Bitcoin ATM and purchase them securely and in person with your credit card.
In Canada, Bitcoin ATMs can be found all over Toronto and other Southern Ontario cities, as well as Grand Prairie (AB), Montreal (QB), Saskatoon (SK), and Vancouver (BC).
Step #3: Depositing at Online Casinos with Bitcoin
The final step is to make a deposit at a reputable online casino that accepts Bitcoin. There are many available. To confirm that a website is trustworthy, look at the bottom of the website for license and regulation info. Some regulators are more responsible than others. I won’t discredit any jurisdictions here, but I will say Gibraltar, Isle of Man, Malta, and the UK are among the absolute best.
Once you’re registered with an online casino, it’s time to deposit. The actual payment process may vary slightly from one casino to the next, but for the most part, they’re all the same. You will navigate to the banking/cashier section. Choose to deposit with Bitcoin. The casino will display its Bitcoin Address. Copy this address, then open your Bitcoin Wallet and choose to Send Bitcoins. Paste the casino’s Bitcoin Address in the space provided, enter the amount of Bitcoins to deposit and press send.
Finally, refresh your online casino account balance. Bitcoin online casino deposits are instant, so the money should already be available for use. Best of all, since you now have a wallet set up, the next time you’re looking to deposit at online casinos with Bitcoin, you’ll be able to skip right on to Step #3.
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