Casinos players will settle their accounts in bitcoin

Bitcoin is the first and still the most popular cryptocurrency in the world. It is a decentralized currency, meaning no one controls or prints it. It works in a P2P network, and therefore uses direct connections between Internet users, each of whom has different rights. It eliminates middlemen and allows anonymous online billing, therefore great for online casino transactions.

Blockchain technology, used in cryptocurrencies, has a very wide range of applications. It is used for payments, not only in casinos, document authentication systems, bookkeeping, etc. Wherever transparency and no possibility of data forgery are important. Creating a virtual currency is a good example of this.

It’s worth noting that bitcoin is just one of the cryptocurrencies. It is the best known and most popular, but there are hundreds of alternatives to it. Some online casinos accept settlements in several other cryptocurrencies such as ethereum, litecoin, and bitcoin cash. These currencies differ somewhat in the way they work and the underlying cryptography mechanisms, but the general idea remains the same.

Bitcoin has its fans not only because of the possibility of anonymous settlements. A huge speculative market has developed around cryptocurrencies, as a result of which their value is changing very dynamically. Many a fortune was created in this way, but also many people lost a lot on this type of investment.

How to seamlessly deposit bitcoins at casinos?

Handling bitcoins and other electronic currencies is not as simple as transferring traditional money. You have to prepare for it. Here is a quick step-by-step guide on how to enter the world of online gambling entertainment with bitcoin billing.

First, get a cryptocurrency wallet. There are several types of such wallets:
1. mobile application
2. Internet service
3. Desktop software
4. Hardware wallet

Here are some examples of wallets that you can use in cryptocurrency trading, although the choice is much wider.

WALLET	TYPE	BASIC FEATURES
Coinbase	Internet service	Very easy to use Connects your Coinbase account to your bank account It allows you to earn cryptocurrencies by filling out surveys and watching videos High fees
Trezor	Hardware wallet	Possibility to connect to a computer and telephone It costs from $ 55 to $ 500, depending on the variant It supports over a thousand currencies and has a touchscreen
Ledger	Hardware wallet	The size is comparable to a pen drive It allows you to connect to a computer and telephone and to store currencies The cheapest version costs $ 59
Robinhood	Website and mobile application	It allows you to store and trade currencies Free Currently supports 6 currencies
Edge	mobile application	Good quality application for Android and iOS Access by login and password Support for over 30 currencies No desktop version

Now that you have a wallet for virtual currencies, it’s time to fill it up with bitcoins. You can do this in at least 3 ways:
1. Buying cryptocurrencies on exchanges such as Coinbase, Bittrex or Coin Jar. You can place an order to buy various virtual currencies by paying in PLN or, for example, in EUR. A convenient solution is to top up your account at such an exchange with a credit card, thanks to which you can quickly make a transaction
2. Use services like Coin ATM Radar or Paxful. The first one will show you ATMs where you can exchange money for bitcoin, in the second one you will find banks offering such a service. In Poland, these are not very popular solutions, especially since cryptocurrency trading is still primarily the domain of the Internet
3. Log in to sites like Coinbase where you can receive cryptocurrencies in exchange for watching movies, playing games and completing surveys
If you already have bitcoin, you can fund your casino account. The operation takes place in several steps:
1. Log in to the online casino of your choice. If you don’t know which cryptocurrencies support, read the reviews on my site
2. Choose bitcoin or another cryptocurrency as your payment method
3. Enter the number of currency units you want to transfer
4. Follow the on-screen instructions to complete the transfer. Depending on the type of wallet you have, the process will be a bit different, but the online casinos I recommend describe it in an accessible way.

Cryptocurrency transactions are instant, so you can sit down to your favorite slot machine or poker table within moments of their execution.

How do I withdraw my winnings in bitcoins?

Withdrawing winnings in bitcoins is very simple and the transaction is instant. To transfer funds from the casino to your cryptocurrency wallet, log in to the online casino and go to the payment section. Choose bitcoin or another cryptocurrency as your funds transfer method.

Now the hardest part: in the casino application you need to enter the public address of your internet wallet, that is, its unique identifier. You will find it in your application in the form of a string that you can copy and paste, or a QR code to be scanned. If you play on the phone, I especially recommend the latter option. It is faster and eliminates the risk of mistakes.

After entering the wallet address and the transaction amount, you just need to approve the operation. The funds will be available in your wallet in moments.

Other payment methods at Polish online casinos

Virtual currency trading has many advantages, but some people don’t want to take advantage of them. Most often it results from fear of the unknown and getting used to other methods. If you don’t want to use bitcoin, consider the alternatives below.

Advantages of bitcoins in online gambling

PAYMENT METHOD	ADVANTAGES	DISADVANTAGES
Bank transfer	Well-known method No need to register for other services	Long transaction time (even 3 business days) Withdrawal Commissions
Credit cards	Very fast checkout No commission Accepted at any online casino	The need to provide card details, which in the event of a leak can be used by online scammers to steal money Occasionally there are fees charged by banks
Internet wallets (Skrill, EcoPayz and others)	Instant transactions Widely accepted The possibility of deposits and withdrawals Numerous additional services to manage your personal finances	Quite high fees Sometimes it is not possible to take advantage of promotional offers
Prepaid coupons (Paysafecard, Neosurf)	Full anonymity No need to register and provide your data Possibility of combining several cards into one transaction Possibility of partial use of funds from the card	The necessity to visit a stationary point of sale Low transaction amounts

A few tips to choose a really good online casino

Bitcoin is not yet a very popular payment method at online casinos. It is offered mainly by new online casinos that were created recently. They are usually technologically advanced, but unfortunately do not have a reliable history to judge the company’s credibility. Here is a list of the basic factors you need to consider.

First, check licenses and certificates. If you don’t find the casino license number on the website then just go elsewhere. This form of market regulation provides the players with basic security and guarantees fair gameplay. On the other hand, certificates such as eCOGRA are issued by independent auditors and prove the technical safety of the website.

The attractiveness of the bonus offer. Make sure the online casino is rewarding not only new players but also those who have been playing for a while. The possibility of using regular bonuses significantly improves the financial result and satisfaction with the game.

Check what company created the casino. Even if the specific brand is not known yet, the operator may run other casinos that are already known about. If you see that many of the company’s casinos have already sprung up and gone, better look elsewhere.

A good online casino is made by good software producers. Make sure there are companies such as Play’N Go, Microgaming and NetEnt among the game providers, so you will have access to a smoothly running service that guarantees honest and top-class entertainment.

So which casinos accept payments and pay out winnings in cryptocurrencies? I recommend you in particular 22bet, Casinia, Wazamba and Playamo. These are good and reliable casinos and you can find their reviews on this page.

Is it possible to use the welcome bonus when paying in bitcoins?

Some payment methods do not allow you to take advantage of welcome bonuses or other casino rewards. Unfortunately, sometimes this also applies to bitcoins. Before you decide to deposit money, read the regulations carefully, both in the section on payments and in the area of promotional offers.

Unfortunately, in some online casinos, the regulations are sometimes translated from English haphazardly, and even contradictory. For this reason, it’s a good idea to contact customer service first if you have any doubts. This time, I suggest using email instead of live chat, because in case of any misunderstandings, we will have the basis for a complaint.