How to Make a Deposit with Cryptocurrencies

How to Make a Deposit with Cryptocurrencies

Those savvy online casino players are taking advantage of different Bitcoin and other digital currencies advantages when online and mobile gambling. Those players who are just thinking about embracing the trend think of Bitcoin gambling as something very complicated, but using a digital currency when gambling online is a fairly simple process. Digital currencies are that common denominators for every type of entirely decentralized digital payment method. Digital currencies are different from those traditional, fiat currencies mainly due to the fact that there are not regulated by any type o financial institution or government.

This massive trend of gambling using cryptocurrencies started with Bitcoin which is the first virtual currencies introduced back in 2009. Bitcoin, in fact, paved the way for other popular digital currencies leading a massive online gambling revolution we are witnessing today. Bitcoin since its introduction has been growing attracting more and more players, so more and more online casino venues decided to embrace the trend and offer Bitcoin and other digital currencies banking methods. In order to start your digital currency online gambling journey, you need to find a mobile platform or an online casino accepting digital currencies. This should not be time-consuming as there are many Bitcoin casinos on the market offering their service to global players.

Find Your Venue

Hopping on this bandwagon, means you need to find a Bitcoin or other cryptocurrencies-friendly venue. There is a vast number of these types of venue offering digital currencies banking methods. There are some venues that deal only with Bitcoin and other digital currencies while some other online casino venues accept both those traditional banking methods and virtual currencies banking methods. Once you find some venue, make sure you check its reviews, read on its banking methods, withdrawal times and other relevant info. If you find that venue reputable and trustworthy, register. Once you have your account all set up, the next step is to make a deposit. In order to do so, you need to create your Bitcoin or other digital currency wallets which is just like your physical wallet where you store your funds.

Create Your Wallet

In order to get started at some digital currencies-friendly online venue, you need to create your cryptocurrencies wallet at which you are going to store your Bitcoin or some other altcoin of your choice. There are several different types of these virtual wallets, but a simple online cryptocurrency wallet will work just fine for your online casino deposits. Some of the most popular wallets include Xapo, BitGo, Coinbase, and BTC which are very easy to use. In order to get your wallet off of these services, you need to register.

You do not need to provide any details other than providing your email and creating your password. This means, you get to keep all of your personal information safe, so you make deposits and play your favorite games completely anonymous. If you are into mobile gaming, in order to get your wallet, you can head to the play store or app store and download one to your cell phone. These wallets work in the same way, so you cannot make a mistake. Once you have your wallet set up, you need to purchase some Bitcoin or other preferred cryptocurrencies.

Fund Your Wallet

Once you have your wallet set up, you need to buy some funds, Bitcoin or some other virtual currency. There are several different ways of doing so. If you have a friend or if you know someone who has altcoins, you can share your public address displayed as you log into your wallet. You can share your public address with people having altcoins. Once you share it, they can send you some funds. If you do not know anyone with Bitcoins and other altcoins, you can always pay a visit to one of many digital currencies exchange platforms that allow you to easily, fast and securely buy Bitcoins and other altcoins.

It should be noted that different altcoin exchange platforms accept different methods. Some accept only cash purchases while some prefer credit and debit card purchases. Therefore, make sure you check before you register at any exchange platform. No matter your preferences, whether you like e-wallet options, credit or debit card payments or cash payments, you will find your platform among those available. These exchange platforms are completely safe and they commonly require just your ID picture for registering and creating an account. It may take some time before your chosen platform verifies your account, but once the process is over, you can start making almost instant altcoin purchases.

Deposit with an Online Casino

Once you have funded your digital wallet, the next step is to deposit your online casino account with Bitcoin or some altcoin you prefer. This process is very similar to those deposit methods using fiat currencies. You need to head to your online casino cashier section, mark deposit option and choose your prefer digital currency. Then, you need to provide your wallet address used for sending your wallet funds to your chosen casino. You may wait several minutes for this process to be done. Once you have your funds available, you are ready to go start playing your favorite games.

How to Get Bitcoin without a Bank Account

How to Get Bitcoin without a Bank Account

Online and mobile gambling are definitely becoming a mainstay in the world of gambling especially with Bitcoin and other cryptocurrencies improving them introducing new, better transaction ways with fast payouts and no hassle at all. Over the past several years, Bitcoin has become one of the most popular banking methods among players. Therefore, many online gambling venues and mobile platforms decided to embrace the trend introducing Bitcoin into their payment systems making it easier for players to place their wagers and enjoy faster payouts.

More and more online casino venues, as well as mobile gambling platforms, are jumping on the bandwagon embracing Bitcoin following the rise of this digital currency. These venues commonly offer lower house edges in comparison to those traditional venues, they also offer faster almost instant payouts and they offer Bitcoin deposit and withdrawal means without any hassle involved with a high level of anonymity included. Considering these benefits of playing at Bitcoin and digital-currencies online casino, there is no any surprise in the fact that more and more players decide to embrace the trend, register at these types of venues. For playing your favorite games at Bitcoin-powered online venues, you need to set up your Bitcoin wallet and fund it. The best part is you can get Bitcoin without having a bank account as there are many services allowing you to buy Bitcoin allows you do to without having a bank account which is extremely useful for players who do not have bank accounts, but still want to play their games using Bitcoin.

Buying Bitcoin without a Bank Account

It may seem very hard to get Bitcoin without having a bank account, but the process is fairly simple as there are many services allowing those unbanked players to buy Bitcoin which is often delivered to your Bitcoin wallet within two hours of your purchase. Bitcoin purchases made with cash commonly deliver in this time frame within two hours, while those Bitcoin purchases made using debit and credit cards commonly take between two and five days. This means that buying Bitcoin without a credit card for cash is faster and you have your funds delivered almost instantly. Due to this reason, Bitcoin is the best tool for those unbanked players, so there is no surprise in the fact there are many services offering Bitcoin purchases for players without bank accounts.

Most Popular Services Available

One of the most popular services offering purchasing Bitcoin to people without bank accounts is LocalBitcoins service. This service provides escrow packed with plenty of banking methods for purchasing Bitcoins. Amazon gift card, Western Union, cash deposits, cash trade and other payments methods are available. If you choose this way, make sure you buy Bitcoins from sellers with positive feedback and positive trade history. Another similar service is BitQuick providing escrow between Bitcoin sellers and buyers. Payments are easy and fast made via cash deposits at different bank locations. Funds purchased using this service will reach you within two hours of your purchase.

In Africa, there are many Bitcoin exchange platforms offering African players an opportunity to sell and buy Bitcoins as well as other digital currencies. Some of the most popular, well-established Bitcoin exchange platforms are NairaEx, Golix, Ice3X, and Luno. Since the beginning of 2017, several more exchange platforms are established including CoinDirect, Belfrics, and Remitano. Regardless of the massive success of those local African Bitcoin exchange platforms, the most popular service for buying and selling Bitcoin for African players is still LocalBitcoins. There are other international cryptocurrencies exchange platforms offering same services such as Bittrex, Cryptopia, Poloniex, Bleutrade and Nova Exchange commonly used by African players for buying and selling Bitcoin.