The Technicalities of Bitcoin
Depositing with Bitcoin at online casinos in the US is pretty simple. But before using this payment method, you need to have a Bitcoin wallet. This wallet lets you store your crypto currencies and comes in different types. So make sure you research the types to choose one that best suits your needs. After creating a Bitcoin wallet of your choice, the next step is to add Bitcoin to it. You can do this by buying Bitcoin using the available options provided by your wallet provider. Once that’s done, you can follow the steps below to make a deposit at a Bitcoin casino in the US. Choose a top US online casino that accepts Bitcoin as a deposit option. Create an account with the casino and log in. Click on the Deposit button in your My Account section and choose Bitcoin as your preferred payment option. Specify the amount you want to deposit in the appropriate field and follow the instructions. You will see the casino’s Bitcoin wallet address. Go to your Bitcoin wallet and transfer the exact deposit amount to the casino’s Bitcoin address. Your deposit should be processed within a few seconds. How to Make a Deposit in a Bitcoin Casino?
Choose a Casino and Create your Account
Click on the Deposit Button
Write the Amount
Make a Deposit
Fiat casinos and Bitcoin casinos share some differences and similarities that you should be aware of. We have listed these differences and similarities in the table below.Fiat vs Bitcoin Casinos
Moderate security to keep users’ money and personal information safeHigher security with the use of encryption technologies and cryptographic keys
Susceptible to government interferenceOperates on the blockchain network with no central body to control itSome fiat options, like mobile payments, have lower limitsThe limits are generally higher, making them perfect for withdrawing huge winningsFiat options are not volatileBitcoin is volatileRelatively more casino games to playBitcoin casino games are not as much as fiat-based casino gamesProcessing of transactions may be slower for some options like bank transfersProcessing of transactions is faster, usually within a few minutesSome fiat options are limited to specific geographical regionsBitcoin is almost generally accepted in the worldFiat casinos offer incredible bonusesBitcoin casinos offer massive and exciting bonuses and promotionsModerate security to keep users’ money and personal information safeSusceptible to government interferenceSome fiat options, like mobile payments, have lower limitsFiat options are not volatileRelatively more casino games to playProcessing of transactions may be slower for some options like bank transfersSome fiat options are limited to specific geographical regionsFiat casinos offer incredible bonusesHigher security with the use of encryption technologies and cryptographic keysOperates on the blockchain network with no central body to control itThe limits are generally higher, making them perfect for withdrawing huge winningsBitcoin is volatileBitcoin casino games are not as much as fiat-based casino gamesProcessing of transactions is faster, usually within a few minutesBitcoin is almost generally accepted in the worldBitcoin casinos offer massive and exciting bonuses and promotions
Pros & Cons of BTC Casinos
While it is true that you can enjoy numerous exciting games and claim mouthwatering casino bonuses at the best Bitcoin casinos, you should note that no Bitcoin casino is perfect. Gambling at Bitcoin casinos has its fair share of advantages and disadvantages, and you should know a few of them.
Below are some pros and cons of Bitcoin casinos to help you determine whether gambling with Bitcoin suits your style or not.
Pros
Pros- Higher level of security
- Faster processing times than some fiat options
- Higher deposit and withdrawal limits
- Relatively lower fees
- Unique games and bonuses
Cons
Cons- Bitcoin is volatile
- No takebacks as transactions are irreversible
- Less government oversight means no license for using Bitcoin
Bitcoin Casinos – Conclusion
We’ve shed some light on how Bitcoin gambling at top new US online casinos works. This payment option is undoubtedly good, with its numerous benefits and wide acceptance. You will likely have no problems using this option, from the speedy transaction processing time to the top-notch security. Likewise, that Bitcoin is accepted as a deposit and withdrawal option with higher limits. But remember that the option is highly volatile, so use caution.
FAQ
What is Bitcoin?
Bitcoin is a digital currency (cryptocurrency) that works on the blockchain network and is used as a legal tender for some transactions.
Can I Deposit and Withdraw with Bitcoin at US Casinos?
Yes. Top US online casinos that accept Bitcoin allow players to use the option for deposits and withdrawals.
Are Bitcoin Casinos Legal in the US?
Yes, you can play legally at online casinos in the US that accept Bitcoin so long they operate with a license from the appropriate authority in the state where they operate.
Are Bitcoin Casinos Safe?
Yes. Top Bitcoin casinos in the US scramble their platform using SSL. They also vet their games regularly to ensure a high level of fairness.
