Bitcoin is the first and most well-known crypto, and now it is commonly accepted as a form of payment. You are wondering if you can use Bitcoin, Ethereum, or Litecoin at real-money online casinos? The answer is yes! This article will explain how to make a deposit and withdrawal using crypto.
Is Crypto Safe to Use?
The good news is that cryptos are safe 100% to use on gambling websites. This is because all transactions are encrypted and protected by blockchain technology. It is distributed, so it cannot be tampered with or hacked. When you make a transaction at a crypto casino website, your transaction will be recorded, and the funds will be transferred almost instantly.
In terms of safety, cryptos are much safer than traditional cards. This is because your personal information is not attached to your wallet. Only your wallet address is visible when you transact using Bitcoin, Ethereum, or Litecoin. Your name and other personal information are not attached to the transaction.
Benefits of Using Cryptocurrencies
There are many benefits of using crypto on gambling websites. Below we have listed the most significant ones:
- Anonymity. When you use crypto, your personal information is not attached to the transaction. This means that your identity remains anonymous.
- Security. All transactions are secure and protected by blockchain technology.
- Fast withdrawals. Crypto withdrawals are usually processed much faster than banking cards.
- Lower fees. There are often lower transaction fees associated with using crypto.
These are the main reasons why more and more players use Bitcoin, Tether, and Ethereum at online casinos. The advantages of using crypto are evident. It is not only a secure way to gamble, but also fast and convenient.
How to Deposit with Cryptocurrencies
Now that you know the advantages, you may wonder how to make a replenishment. The good news is that it is quick and easy to do. Below we have explained the process step-by-step:
- Firstly, you need to create a wallet. Many different wallets are available, but we recommend using Coinbase or Blockchain.com. These are both reliable and secure wallets that are simple to use.
- Once you have set up your wallet, you must buy some crypto accepted at the gambling site of your choice. You can do this via an exchange such as Kraken or Binance.
- Now go to the cashier page of the online casino where you want to play. Select cryptocurrency as your payment method and choose the coin you want to use for your deposit (most venues accept multiple coins).
- Enter the amount you wish to transfer. You can also choose to claim a bonus at this stage if you wish.
- Click on Deposit once everything looks correct, and confirm the transaction when prompted by your wallet.
Your replenishment will now be processed, and the funds will appear within a few minutes.
How to Withdraw Using Cryptocurrencies
Withdrawing using crypto is just as quick and easy as making a deposit. The process is similar but in reverse. Follow the steps below to withdraw your winnings:
- Go to the cashier page where you made your deposit.
- Select a cryptocurrency from the list of withdrawal methods and choose the coin.
- Enter the amount you wish to withdraw. Remember that there may be limits regarding how much you can withdraw once when using crypto.
- Paste the address of your crypto wallet.
- Click on Withdraw and confirm the transaction.
Your withdrawal will now be processed, and the funds should appear in your wallet within a few minutes. Please note that it may take slightly longer for Bitcoin transactions.
Cryptocurrencies are slowly but surely gaining popularity in the gambling industry. If you want to use crypto, you can do so easily. These digital currencies offer a safe and secure way to make transactions. They also have many other benefits that enhance your overall gambling experience.