In recent years, the digital currency Bitcoin has become almost a preferred way to do business with online casinos. You certainly are eligible to receive a bonus specifically for using this form of deposit, and there are even casinos that employ it as a withdrawal method if you provide them with your Bitcoin address. Although there are many forms of cryptocurrency, Bitcoin is the world’s foremost option, given the trust it has engendered since its inception, as well as the mathematically ironclad strictures of the so-called blockchain on which it runs.
How Does Bitcoin Work?
Every time you spend or receive Bitcoin, a virtual device known as a ledger (which everyone who has Bitcoin possesses) is updated to reflect the transaction. So, if we had a single gold bar to give you in the physical world, once we gave it to you we would have no others to give to other people. Thus, you can be certain that the transaction is unique and the bar has value. If we had an unlimited number to give, then the bar would be value-less, of course. Even if we did not have an unlimited number, but had more than we presented ourselves as having, the quoted price would be higher than the actual price, and you would be able to buy less than you would have expected.
As such, the expenditure is updated on everyone’s so-called virtual ledger, which eschews the double-spending phenomenon that could otherwise be used to cheat Bitcoin holders by devaluing their cryptocurrency. Additionally, unless someone has your specific keys, there is no known way to hack into your wallet to steal your funds. Bitcoin has natural defense against the conventional methods of currency theft, which is why, by all accounts, it points to the future in terms of the way that money will be exchanged.
As for obtaining Bitcoin for casino expenses (and, of course, other purchases), you can get it from a variety of places. There are merchants on eBay and Amazon, for example; however, the best way is almost certainly an exchange such as Coinbase. Once you have some, you can either keep it on the exchange, and take advantage of the benefits of seeing the price rise and fall with the market, or you can put it all into your own flash-drive and take it offline. Although this means manually monitoring your Bitcoin values, you remove the albeit tiny possibility of losing everything you have in the event of a major exchange blackout or hack. It is in your best bet, if you choose to keep it on an exchange, to choose one of the major ones and pan any of the numerous small ones that have cropped up in recent years to take advantage of the Bitcoin price surge that started in 2017.
Bitcoin Withdrawal Details From Top Casinos
Given the increasing importance of Bitcoin, you’ll want to keep abreast of the amounts that you are allowed to withdraw from each of the hosting casinos. Most of them also allow Bitcoin bonuses along with your patronage; you can take advantage of a Welcome Bonus using both the traditional bank deposit and withdrawal method (and credit cards, web wallets, money order, etc), as well as a separate bonus simply for either delivering or accepting your winnings in crypto. It’s a great way to draw in the gaming crowd, many of whm are already tech-savvy and would have at least a small amount of Bitcoin already. Even if you are just getting into the digital currency game, you can always start your very own unique Bitcoin wallet today and start using the coin at the following casinos.
Bitcoin at Bovada Casino
Bovada Casino, as one of the top online gaming spots in the entirety of the United States, has the distinction of driving the most traffic towards video slots out of all the other competitors. Given this reality, it shouldn’t be surprising that they just recently started offering a Bitcoin deposit and withdrawal option. If you’ve got a Bitcoin wallet and address, then you can use this to initiate transactions at Bovada (formerly named Bodog). If you do want to play here without transaction fees, enjoy super-fast withdrawal times after processing, and benefit from a hack-free form of reward, then Bitcoin is the way to go. You can make deposits and receive withdrawals without any hassle. To get started if you do not have any Bitcoin currently, just head to Coinbase.com and use an accepted form of payment to get your first fractions of Bitcoin digital coin. Bovada awaits!
MyBookie Sportsbook and Bitcoin
As someone who is enthusiastic about sports and sports betting, you would be remiss if you were not aware of the benefits of using Bitcoin for transactions in today’s online casino gaming space. In particular, you can enjoy rapid transactions that are as safe as feasible - your Bitcoin address is actually 100% secure unless you give the mathematically derived keys to someone who can then misuse it. It is currently impossible to break these keys, because the types of computers that would be able to do it (quantum computers) do not yet exist. Using the most powerful supercomputers to date, it would take longer than the current age of the universe to break into a Bitcoin wallet using symbol cryptography and computer hacking. By using it at MyBookie Casino Sportsbook, you will get a bonus added to your deposit by the casino House, and you can use this to enhance your sports bets. Give it a try today on your mobile device.
Betonline.ag Bitcoin Details
Under the submenu item name, Cryptocurrency, you will find the ability to make a deposit in Bitcoin at the Betonline Casino.ag Sportsbook. As for why you would choose this over the multitude of other available options, Bitcoin doesn’t levy any transaction fees against users of this method of payment, which automatically gives it a leg up on the other forms of payment such as credit cards (Visa and MasterCard), bank wire, cashier’s check, money order and any of the numerous and growing web wallets that are out there.
When you visit the Betonline.ag website, simply enter the code CRYPTO100 in order to enjoy the cryptocurrency bonus on your initial deposit of Bitcoin. For first time users, this is in the amount of 100%, and it extends to Litecoin, Dash and Bitcoin Cash. There is a 5% bonus that is reserved for reload users, and then a 35$ bonus if you do it again (fund your account using digital currency). The code for the latter is CRYPTO35. Check back regularly to see what new promotions and bonuses involving Bitcoin that Betonline.ag offers.
5Dimes Casino and Sportsbook Bitcoin Info
Where would a magnificent casino and sportsbook like 5Dimes be if they did not accept Bitcoin? After all, their competitors and sister sites certainly do, which compels them to extend their suite of deposit and withdrawal options to the cryptocurrency realm, as well. At 5Dimes, the lowest amount that you can deposit is $25 worth of Bitcoin, and the highest amount is $10,000. This is the sole altcoin that they accept at the current time, and if you wish to masquerade around as a highroller, then you can contact the elite Customer Service department to petition them for a higher deposit amount. If you can demonstrate your ability to enact it, it is almost certain to be approved.
As promoters of two-factor authorization, your wallet is especially safe during transactions with 5Dimes Sportsbook. They’ve got a Device-based Authentication Service, and this feature is active for deposit amounts within the range of $50 and $10,000. Use Bitcoin to take advantage of the bonuses and promotions that are inside once you get into the digital lobby.
If you’re still considering whether or not Bitcoin is actually for you, then check out the other options at 5Dimes in the banking and support section. More so in the last few years than ever before, both MasterCard and Visa have been the most common deposit choices – although you obviously cannot use these for withdrawals, since they are institutions, and not banks. Bitcoin has the added advantage of being both a deposit and withdrawal option, which means that you can stick with just one thing as you vacillate between funding your account for the chance to play real money games for cash and prizes, and accepting your payouts from the Sportsbook if everything pans out favorably.
A final heads-up: the games you play here can be used towards all manner of in-House sports betting particulars – from golf, to tennis, basketball, soccer and American football. The Sweet Science of Boxing is also present; with top contenders duking it put hopefully to the tune of your fattening wallet. Bitcoin is the way to go at 5Dimes Casino and Sportsbook for the best payment terms.
