Cryptocurrency and its use in online casino games

More and more casinos have begun to appear on the Internet today, offering to choose bitcoin or one of the altcoins as the settlement currency. This is logical, since the crypt is, first of all, though digital, but still a currency. On other sites, bitcoins are considered as a settlement method, and for transactions during registration, users are invited to choose one of the classic currencies – dollars, rupees, tenges, etc.

Such a difference in approaches to determining what bitcoin is after all in an online casino creates both advantages and disadvantages. For example, in those casinos where crypto is a method of payment, constant transfers of funds may be associated with additional commissions and / or losses when transferring funds from a traditional currency. However, since many slot machines and other casino games are designed with only classic currencies in mind, the process of playing and calculating how much a player has spent, won or bet can be easier.

If you no longer use rubles and dollars, but perceive only the crypt, most likely you will be suitable for indian bitcoin casino for gamblers with cryptocurrency as a form of payment. The need to transfer to other types of currencies will be eliminated, and deposit payments will be made using standard bitcoin addresses.

Instructions for using bitcoins and altcoins in online casinos

Bitcoins and other cryptocurrencies are not a common payment method in online casinos. Let’s take a step-by-step look at how to pay for a game in an online casino and receive money won there using crypto.

How to deposit at an online casino in bitcoins and altcoins

Bitcoins and other cryptocurrencies are stored in special wallets. The principle of their work is similar to electronic wallets created for the virtual storage of money in traditional currencies. The number of cryptocurrency wallets is also large: choose according to your taste. Among the most popular are Blockchain, Copay, Paxful, Guarda, Coinfy.

To make a deposit in cryptocurrency:

  • Top up the balance of your bitcoin wallet (altcoin wallet), if it is empty, by going to any cryptocurrency trading platform.
  • Choose the casino you like, register in it, choosing the necessary crypt as a currency. Or, having chosen the traditional currency that suits you during registration, go to the payment  methods page and select cryptocurrency as a payment method.
  • Most sites will give you a bitcoin address that you can copy into your wallet to create a transaction. When using a mobile phone, you may prefer to use the QR code provided by the online casino, by scanning which you can also create a transaction.
  • If necessary, indicate the details of the online casino as a recipient and click “Submit”.

If the funds have not been received, it makes sense to check if your wallet is verified. You need to do this not on the casino website, but in the blockchain account.

How to withdraw money from an online casino in bitcoins and altcoins

The advantage of using cryptocurrency in an online casino is the speed of making withdrawals from the game account and, in most cases, the absence of withdrawal limits. The latter means that players can also withdraw large jackpot winnings in one go.

The procedure for withdrawing funds is identical to the procedure for making a deposit, however, it must be remembered that in order to withdraw funds, the player’s account must be verified

Cryptocurrency slot machines

Only a few providers have not yet adapted their slot machines for playing on various cryptocurrencies. Even Bitcoin, which is the most popular crypto in online casinos, is not supported in NYX, Net Entertainment, Amatic, GameArt games. We believe that the continued popularity of bitcoin and other cryptocurrencies in online casinos will soon force these providers to fully adapt their gaming range to the needs of the modern player.