Bitcoin Casino Payment Method
In the online payment market, Bitcoin has been introducing digital currency to users over the past 10 years. In the UK gambling market, it is quite difficult to find a Bitcoin casino legal. Nevertheless, there are such sites. Also, there are several international Bitcoin casinos that accept players from the UK. It is not strange that cryptocurrency has become such a desirable means of payment in a casino.
There are two types of Bitcoin casinos, some independently process BTC transactions, while others resort to the use of services such as:
- BitPay (a BTC payment service provider headquartered in Atlanta);
- GoCoin (a payment solution developed for processing payments in BTC);
- Coinspaid (an instant and secure recharge method using BTC);
- Cubits (a popular European digital payment platform).
E-currency is quite easy to use, it guarantees the anonymity of the players and low commission. We are convinced that the players are also attracted by the security of this payment method. For this reason, we have prepared step-by-step instructions on how you can replenish a deposit in a Bitcoin casino and withdraw the long-awaited winnings without much effort.
Using Bitcoin for a Casino Deposit
If you want to play at one of the best Bitcoin casinos, then the question will arise on how to finance your account there. The process is quite simple and does not take you much time. It may take a little longer for the first time, but you’ll be able to make all subsequent payments in just a few clicks. In an online casino, Bitcoin can be used to deposit according to the following steps:
- Create a BTC wallet. First you need to create an electronic wallet. There are several types of wallets of this kind and players can choose for themselves, for example, a desktop wallet or web databases. There is even a mobile wallet based on this cryptocurrency. A special advantage is a fact that only email will be required from players to register, no additional personal information is required.
- Replenish your BTC wallet. You can replenish it in several ways. The easiest way is to purchase BTC through the wallet. It will be enough to specify the currency and choose a payment method. In addition, you can buy BTC at Bitcoin ATMs, exchanges, or get your own BTC using a special technology.
- Choose your preferred Bitcoin casino and register there. Finding a legal Bitcoin casino in the UK is not very easy. Not to fall into the hands of fraudsters, we advise you to choose a casino from our list. The fact is that we carefully check all Bitcoin casinos and provide players with honest reviews.
- Go to the cashier section in the casino and select Bitcoin from the proposed payment systems. Choosing a payment system just specify the desired deposit amount.
- Enter the address of your BTC wallet and confirm the transaction.
After confirming the transaction, you can see the BTC in your account within a few seconds. Please note that some Bitcoin casinos will set their deposit limits. In some cases, a BTC transaction will be converted to pounds sterling. In this case, the minimum deposit amount will vary between 10-20 pounds or 0.0001 BTC. The maximum amount per transaction is £100 or 0.01 BTC.
Using Bitcoin for Casino Withdrawal
One of the advantages of a Bitcoin casino is the possibility to not only replenish the deposit but also withdraw the winnings in BTC. To simplify the withdrawal process as much as possible, we have prepared a step-by-step instruction for you:
- Open a Bitcoin casino website, go to the cash desk section, and select ‘withdraw funds.’
- Choose BTC as the preferred method for withdrawing winnings (some casinos automatically choose the method used to replenish the deposit to withdraw funds).
- Indicate the amount you plan to withdraw.
- Enter the address of your wallet and confirm the transaction.
After performing all of the above actions, you will find the money in your wallet in the shortest possible time. Please note that the withdrawal amount cannot be less than 0.0002 BTC (GBP 20) and may not exceed 0.01 BTC (GBP 100).
Bitcoin Casino Payout Times
In most cases, transactions using BTC are instant. If we are talking about replenishing the deposit, then the funds will go to a player’s account at a Bitcoin casino within a few seconds. However, the withdrawal process may take some time. It will depend directly on whether the casino processes transactions in BTC on its own or uses intermediaries. In any case, the transaction time will not take more than a few minutes, and soon the funds will be transferred to a player’s wallet. It is important to note that the time is indicated without considering the confirmation of the withdrawal of the casino winnings. The fact is that for security, many online Bitcoin casinos process a request for withdrawal of winnings from 24 hours to 5 days.
Bitcoin Casino Fees
Not only fast transactions but also low commission is a hallmark of Bitcoin casinos. For comparison, when it comes to standard e-wallets, all transactions are subject to a commission of 2-3%. When we talk about payments in Bitcoin casinos, the commission will be from 1 to 1.5%. This is less than usual payments and puts BTC in the list of preferred payment systems.
Bitcoin casinos have several advantages over their competitors. This is primarily due to the high degree of security of the electronic currency. Bitcoin casinos have a unique protection level that is not found in other banking operations.
BTC technology is called the blockchain. Each transaction uses a unique encrypted digital address and transactions are encoded. All transactions ever made are stored in the register, so each user will be able to check the legality of the money transfer. The authenticity of each transaction is protected by electronic signatures to the respective addresses used. According to this algorithm, users have full control over the forwarding of BTC from their addresses.
An interesting feature of this payment system is that you can earn cryptocurrency yourself using special equipment. In addition, all transactions are carried out without reference to personal information. It provides powerful protection against identity theft. BTC users can also protect their money with backups and encryption.
Benefits of Bitcoin Casino Payment Method
Bitcoin casinos have taken a strong position in the gambling market due to the advantages that electronic currency gives:
- Freedom of payments. Cryptocurrency makes it possible to transfer a different amount of money from anywhere in the world at any time. There are no borders or bank holidays.
- Security and control. Transactions are safe, irreversible, and do not contain personal information about players. Users have complete control over their transactions. Bitcoin casinos cannot withdraw money without your knowledge. Payments can be made without linking personal information to the transaction. This provides powerful protection against personal information theft.
- Transaction speed. All transactions in Bitcoin casinos are instant.
- Designated and neutral. No organization can unilaterally control or manipulate the electronic currency protocol. All information is available in the blockchain at any time.
- Low commission. Bitcoin commission i is several times lower than in other payment systems, including electronic wallets).
Cons of Using Bitcoin
Despite a long list of advantages, we still managed to find some minor disadvantages of Bitcoin casinos:
- Level of recognition. Many players still do not know about the existence of electronic currency. Besides, cryptocurrency causes doubts among players.
- A small list of Bitcoin casinos in the UK. At the moment, not many online casinos can offer cryptocurrency as a means of payment. Nevertheless, the list of Bitcoin casinos is growing every day.
- Currency fluctuations. The BTC rate does not depend on other world currencies. Nevertheless, the demand for electronic currency, minor transactions, or events can affect the cryptocurrency rate.
It is important to add that Bitcoin casino software is still in the testing phase and regularly introduces new tools, options, and services.
Mobile Bitcoin casinos
Currently, almost any option can be performed using a portable device, and Bitcoin casinos are no exception. There are two types of mobile Bitcoin casinos. You can either download the application to your smartphone or use a site that is adaptable to the screen of your device. Also, there is a mobile BTC wallet to make payments in a casino even faster and easier. For transactions, players still need only a personal key. The list of games in mobile Bitcoin casinos is quite long. Some of the best mobile Bitcoin casinos are Fun Casino, Raging Bull Casino, and Yeti Casino. Mobile payments are as secure as computer payments.
Live Casinos accepting Bitcoin
Live games are one of the strengths of modern online casinos. The best live Bitcoin casinos, as a rule, will be equipped with modern technologies that allow you to experience the effect of live games. Of course, it’s not so easy to find a decent Bitcoin casino that allows you to play live games. One example of such a casino is NetBet Casino, in which players have access to more than 50 live games. Here you will find such cool games as Lightning Roulette, Dream Catcher, or Football Studio. And with the help of the payment system, the BTC transfer process will be safe and convenient.
Games to Play in Bitcoin Casinos UK
The list of online games that Bitcoin casinos offer is quite large. All games are developed by leading software manufacturers, so players can always experience great gameplay. Depending on the taste preferences of the players, you can play board games (poker, roulette, blackjack), online slots, lottery, or bet on various sports. Since Bitcoin casinos are always high-rated sites, the choice of games will always be incredibly wide. Next, we will tell you more about the features of each game in Bitcoin casinos.
Bitcoin casino slots are considered a novelty among slot machines in the UK. In comparison, in the USA, you can find many more slot machines where bets can be made in BTC. The number of such slot machines is growing every day. The undisputed favorite by the number of such slot machines is Raging Bull, and the most popular slot machines are called Gold and Bigshot Cleopatra. Some Bitcoin casinos in the UK allow you to convert BTC to other currencies. Thus, players will be able to replenish their deposits using cryptocurrency, but make bets in pounds sterling. The choice of slots in Bitcoin casinos is very wide. They differ in the number of reels, subjects, and other factors. For the lovers of big winnings, there are slot machines with a progressive jackpot.
Bitcoin Table Games
Although the choice of BTC slots is much better, board games should also not be overlooked. In the list of Bitcoin casinos that we offer players, the best online casinos with a large selection of table games from leading suppliers are presented. Board games include:
- Roulette. This is a classic game with a spinning wheel. Casinos offer several types of roulette, such as American roulette, classic roulette, and French roulette.
- Blackjack. A popular card game with great chances to win. There are many variations of the game, such as 21 Blackjack, European Blackjack, Blackjack Couples, and 5 Diamond Blackjack.
- Baccarat. A card game in which players strive to score as many points as possible using two or three cards. There are such types of games as Classic Baccarat, VIP Baccarat, Mini-baccarat, and Pontoon.
Among the board games, there are also games of craps, monopoly, and poker.
Players can make bets using BTC very easily and quickly in some UK bookmakers. The list of such casinos is not very large, but they exist. Bitcoin casinos offer bets on all sports – from hockey to football. Please note that some bookmakers may stipulate some restrictions for the first deposit. Betting on sports is as easy as in other gambling games. It is enough to indicate your personal code. It takes only a few minutes. With BTC, playing in bookmakers is simple and reliable.
How to Receive Bitcoin Casino Bonuses and Promotions
It’s not a secret that players pay attention to casino bonus offers. Fortunately for the players, the list of bonuses and promotions of BTC casinos is pretty good. Players can enjoy bonuses such as:
- Welcome bonuses. They are provided to players immediately after registration or after making the first deposit. In most cases, the welcome bonus is equal to the replenishment amount and can reach 0.5 BTC (£1,000).
- No deposit. A Bitcoin casino no deposit bonus is given to players even before replenishment of the deposit and is used to let players get to know the casino. It is not as generous as a welcome bonus, but it varies from £5 and above.
- Bitcoin casino free spins. Players can get free spins very often. These can be additions to bonus deposits or promotions for a regular player. In any case, it’s worthwhile to familiarize yourself with the conditions for receiving free spins in detail, since in some cases, they can only be used on a specific slot machine.
Be careful and remember that all bonuses will have to be won back before you can withdraw your winnings from Bitcoin casinos.
About Bitcoin UK
Bitcoin is a peer-to-peer payment system that uses the unit of the same name to record transactions. This payment system uses a unique blockchain technology that allows you to make payments as safely and quickly as possible.
The history of BTC in the UK is very interesting. Until 2013, there were no legal acts mentioning cryptocurrency in the country. In 2014, there were several attempts to at least clarify the tax policy regarding BTC companies. In March, a clear guide to taxing BTC and other cryptocurrencies finally appeared. Assumingly, the UK is very friendly towards cryptocurrency. The Treasury suggests that regulation should be minimal, and banks are encouraged to provide assistance. The Treasury allocated 10 million pounds to the Alan Turing Institute for cryptocurrency research. Five British universities joined the institute.
Nevertheless, banks are continuing a massive blockade of cryptocurrency. In 2019, there were attempts to recognize BTC as the property of the United Kingdom. Such a decision would make a real sensation in the history of cryptocurrency. Summing up, we can say that recent events do not interfere with the development of Bitcoin casinos, and players can still safely use cryptocurrency for transactions in the casino.
Bitcoin Alternative Payment Methods
The number of Bitcoin casinos in the UK remains small. For this reason, players often need to use an alternative payment system. There are three of the best alternative payment methods that will help keep players anonymous and secure their money while playing in a casino:
- PayPal. The largest debit electronic payment system. PayPal provides many advantages for casino players, including instant, safe, and convenient deposits. The disadvantage of this payment method is the long list of countries with limited access.
- Paysafecard. This is a prepaid card of certain face value. Such a payment method is considered to be quick, simple, and safe. There is no need to use bank data and credit card numbers. Nevertheless, it is worth remembering that it is impossible to withdraw winnings using Paysafecard.
- Skrill. This is an electronic wallet that allows players to replenish their deposit and receive money in a few minutes.