Bitcoin casinos are some of the most secure globally, and you get plenty of perks from online gambling sites. Bitcoin is the original cryptocurrency that allows trading without taxes or third parties.
So, if you want to know more about this secure casino banking option, read our handy Bitcoin casino guide. We’ve included a list of provably fair casinos, how to deposit and withdraw, and everything else you need to know.
Bitcoin gambling is a developing trend in the online casino industry because it’s secure, fast, and reliable. While financial experts are still sceptical about the crypto trend, it’s proving to be a lucrative if unstable payment option.
On any given day, Bitcoin could be worth thousands of dollars or drop to hundreds. However, it has seen incredible growth since 2018 and stayed above AU$50 000 for most of 2020. So, whether you’re playing at a Bitcoin online casino already or looking to try, we’ve got some vital information.
Before you can start playing for real money, you’ll need to deposit at Bitcoin casinos and get the ball rolling. So, follow these easy steps to get started and buy your first Bitcoin:
1. Create a Bitcoin Wallet
To use Bitcoin at online casinos, you need to get a wallet with a secure passkey to keep your coins safe. Our experts recommend using a digital web wallet over a desktop one because there’s no software. However, if you want extra security, a direct desktop app is the best choice.
Simply choose a wallet like Coindirect or Bitcoin Cash and provide your address. You’ll get a Bitcoin address to use for your online payments. You won’t need to provide any other personal details to the web wallet after that.
2. Fund Your Bitcoin Account
After you’ve set up your account and received your confirmation, you can buy Bitcoins. There are a few options here to choose from, which is great:
Buy through the wallet
Trade on an exchange like BTC China or Bitstamp with currencies
Buy over the counter for an agreed-upon price from other users
Mine Bitcoins through a server
Using a credit card or wire transfer
3. Sign Up for a Bitcoin Casino
When your wallet has funds, you can review and choose a virtual casino site offering Bitcoin. We recommend Monte Cryptos over 7bit Casino because it has higher bonuses for Bitcoin.
Simply follow the prompts on the sign-up screen, fill in your details, verify via email, and open up your Bitcoin address.
4. Make a Deposit Using Bitcoin
Once you have created an account, head to the cashier page and choose deposit. Then, add a bonus code or make the minimum deposit.
Depending on the cost, click to get the casino’s Bitcoin address and make your transfer. You’ll need to select “send money” from your wallet and add both addresses before clicking to confirm.
Making a Bitcoin Withdrawal
Once you’ve played through a bonus (if you took one) and netted a profit, it’s time to withdraw your winnings. Our experts recommend following these steps to get your payout with Bitcoin:
Head to the cashier or banking page and select withdrawal, then choose Bitcoin from the list.
Type in the amount you want to withdraw to your wallet and click “confirm” to start the process.
Wait for the casino to process your request within 24 hours and send a confirmation email.
Once you get the email, you’ll receive your payment with an hour.
Safety and Security at Bitcoin Casinos
If you were worried about your personal information being at risk, we can assure you that it will never be shared. Online casinos offering Bitcoin will never share your details and feature high-end encryption.
As part of having a license, casinos must use 128-bit or higher encryption and a firewall to protect players. Check for encryption by clicking the lock icon in your search bar for a valid security certificate.
Bitcoin Online Casino Bonuses
One compelling reason to use this payment method is the exclusive bonuses offered by our favourite casino sites. Most sites offer you a higher deposit match, 100 free spins, plus free chips or bonus money for using the digital currency.
You can then enjoy top-notch casino gaming with a selection of live dealer, slot games, virtual table games, and speciality offerings!
Bitcoin Australia Support
Any user experience is made better by exceptional customer service, and Bitcoin casinos offer plenty of that. If you run into any issues, you can contact Bitcoin experts on Live chat or via email.
Trust us; we’ve used every payment service out there in our quest for competitive bonuses and great offers.
Coindirect is the best Bitcoin wallet in Australia because it has low fees and easy-to-use services. Of course, you need a little luck when you process a request through the blockchain, but that’s a small issue.
Presently, Bitcoins are worth between A$40 000 and A$55 000, but the fluctuations make it difficult to give a definitive answer. After all, digital currencies are still new and not globally accepted yet.
We highly recommend Monte Cryptos, Wild Card City, Jackpot Jill, or King Johnnie as the best Bitcoin casinos. These sites have exemplary reputations and quick payout times for regular or high roller players.
Every Bitcoin wallet is safe because it uses 128-bit or higher encryption to protect information. Since Bitcoin wallets also require login details or a physical device the digital currency is stored on, it’s the most secure payment method around.