Bitcoin Casino Banking

Bitcoin is one of the fastest and most-convenient ways to make online casino deposits and withdrawals. What's more is that you don't have to pay transaction fees when making cashouts via Bitcoin. Below you can see some of the different online casinos that accept Bitcoin, and keep reading to find out more on why this is a great banking method to use at casinos.

No Waiting on Bitcoin Withdrawals

Many payment services make you wait before your online casino withdrawal hits your bank account. PayPal is one example because you wait 3-5 business days before the funds are approved by an employee. Bitcoin, on the other hand, moves the money into your account instantly because transactions don't need employee verification. This is because the blockchain - a huge public ledger that records all Bitcoin transactions - verifies your cashout with no delay. One more thing that speeds up Bitcoin transactions is that you don't need to email/fax your ID and utility bill copies to an employee for verification.

No Bitcoin Transaction Fees

As mentioned earlier, you don't have to pay fees when withdrawing money through Bitcoin. Given that there are no third-party companies involved, your transactions are processed free of charge. Since online casinos also don't have to pay any fees when you use Bitcoin, they encourage you to use this cryptocurrency. Contrast this to eWallets and other payment services, which charge fees for your online casino withdrawals. It's understandable that they tack on fees because these companies need to pay their employees. But you can bypass these charges simply by using Bitcoin.

Special Bitcoin Bonuses

One more reason to like Bitcoin is that you can get special bonuses either by using it, or through Bitcoin-only casinos. Welcome bonuses, no-deposit bonuses, and free spins are some of the rewards that you can look forward to when using this cryptocurrency. Some casinos even offer Bitcoin bonuses through their Facebook and/or Twitter accounts, which makes it worth following your favorite online casino through social media. For example, you might get a 200% match bonus if you deposit with Bitcoin on a certain weekend.

How to Use Bitcoin

If you're unfamiliar with Bitcoin, the good news is that it's easy to get started. First, register a blockchain account so that you have a wallet, which serves as the private and public keys to send/receive Bitcoin. After this, you can either buy Bitcoin on the open market or start mining them yourself. If you're just a casual internet user, we suggest simply buying bitcoins for your wallet. You can then use your bitcoins to make deposits at online casinos and begin playing for real money.

The process only takes a short while, and it's totally worth the effort since you'll be able to cash out money quickly, easily, and fee-free.