If you are new to the idea of playing games with cryptocurrency, perhaps you find the concept slightly overwhelming… Fortunately, playing at a Bitcoin casino isn’t that different from doing so at any other casino – although there are a few crucial differences to bear in mind. Some bitcoin casinos even offer sidebet options for games like Vegas Solitaire. This guide will help you get started!
Step 1: Setting Up a Bitcoin Wallet
The first step to being able to play at a Bitcoin casino? The capacity to actually spend your Bitcoins… and having somewhere to withdraw your winnings to later on. To help make this simpler, you’ll want to set up a digital wallet to help you manage your transactions to and from the casino. Fortunately, there are plenty of digital wallets available (each with their own features), and you can even try out a few different options to see what suits your needs.
Before you get started, though, it’s important to understand a few terms. Digital wallets come in hot and cold varieties depending on whether they are connected to the internet or not. Hot wallets are connected, and this makes them a lot more convenient for everyday use, but less secure. Cold wallets are not permanently connected to the internet, which makes them harder to use but far more secure. Many people recommend keeping a small quantity of your funds in a hot wallet and the majority in a cold one, then topping up the hot wallet as needed.
Step 2: Buying Bitcoin
After you’ve set up your wallet, you’ll need to get hold of some Bitcoin. Bitcoin can be mined directly, but unless you have a vast amount of computer power at your disposal, it’s far easier to purchase it from a cryptocurrency exchange. There are quite a few of these – with some big names being Coinbase, Kraken, and Binance. These exchanges enable the purchasing of Bitcoins using traditional payment methods such as credit cards or bank transfers. Once you have your Bitcoin, you’ll be on your way to making that first deposit at this Bitcoin casino.
Step 3: Making Your First bitcoin casino Deposit
So, it’s time to make a deposit into your online casino account! The process is simple and secure at for example Bovada’s Bitcoin casino. Go to the deposit section of your account, choose Bitcoin as your payment method, and input how much you want to deposit. A wallet address will be provided to you, and you can send your Bitcoin there. After confirming the transaction, your deposit will be processed, and the funds will appear in your account within a few minutes. Boom, it’s that simple.
Using Bitcoin to fund your account brings several advantages over traditional payment methods. Lower fees and faster transaction speeds are two strong points here. Plus, Bitcoin transactions are decentralized and pseudonymous, giving you more privacy.
If you are interested in seeing how crypto casinos are changing things in this world, check out this article on the future of online gaming—showing how crypto casinos are opening up the world for players. This extensive analysis of current events looks into the increasing role that cryptocurrencies play in online casinos, and also how blockchain technology is making the gaming experience safer.
Step 4: Playing Your Favorite Casino Games
With a confirmed Bitcoin deposit, you are all set for the games. Whether you prefer slots, poker, or table games, there are plenty of choices for you at Bovada’s Bitcoin casino. Using Bitcoin means your transactions should clear much faster than if you’d paid with fiat currency, allowing you to plunge straight into the game and start enjoying yourself with no delays.
Why Bitcoin?
One of the biggest appeals of Bitcoin for many casino players is the additional layer of privacy that it guarantees. Transactions made with Bitcoin cannot be traced back to your personal bank account. That makes it a clear choice for those who value their privacy.
Another reason many people use Bitcoin is the low transaction fees. Traditional banking systems have a lot of checks and processes they perform when transferring money, but with a decentralized platform like Bitcoin, the only fees are a marginal one to whoever verifies the transaction. This is done automatically by whichever Bitcoin miner manages to find the solution to a cryptographic problem first, and their work is checked by the rest of the network. Unlike the bank, they also don’t receive any personal details about you when doing this – just the amount being sent and the two wallet addresses involved.
By now, you should have a good idea of how to play Bitcoin casino games. After you’ve gone through the initial setup steps, you’ll likely find that the rest of the process is exactly the same as when playing with a fiat currency… although it can also be worth checking to see if there are any exclusive bonuses that are being offered only to players who are playing with crypto.