How to Make a Deposit with Cryptocurrencies

How to Make a Deposit with Cryptocurrencies

Tech-savvy online casino players know how to take advantage of Bitcoin and digital currencies to play casino games online. 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. Since its introduction, the popularity of Bitcoin exploded. It is especially suitable for the online gaming industry, which is why more and more online casinos are joining the fray. 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

To hop on the crypto bandwagon, you’ll first need to find a cryptocurrency-friendly online casino. 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. Before you join such a casino, you should read reviews and find out the payment methods it accepts and the withdrawal times. 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.

Apart from your email, you won’t need to provide other personal details. 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 love playing on the go, you can simply head to the Play Store or App Store to download a crypto wallet directly to your mobile 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 january 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 january 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.

Last update: 7. July, 2024