How to Gamble with Bitcoin

Posted by Chris Spencer . Last updated:

There are plenty of advantages to gambling with Bitcoin, but how does the process actually work? In the guide below, we’ve outlined the few simple steps you’ll need to complete to start gambling with Bitcoin. 

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Green number 1Choose a Casino

The first step to start gambling with Bitcoin is selecting your casino from our list below. Create your account and locate the casino’s deposit address. Select Bitcoin as your deposit method, and then take note of the deposit address (the long string of text characters). Once you’ve purchased your Bitcoin, you’ll send them to that address to make your deposit.

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Green number 2

Create a Bitcoin Wallet

You’ll next want to create a Bitcoin wallet to manage and send your Bitcoin once you’ve purchased it. Download the wallet (we recommend using Exodus) and launch the application. Select the Wallet option, then Bitcoin, and then click Receive. You’ll be presented with a long string of text, which is your deposit address. Copy this address and set it aside. Once you’ve purchased Bitcoin during the next step, you’ll send your Bitcoin to that deposit address.

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Green number 3

Buy Bitcoin

In order to acquire Bitcoin, you’ll need an exchange account. An exchange is simply a market where you can buy and sell cryptocurrency. Using your credit card or bank transfer, you can deposit fiat currencies like USD, then buy cryptocurrencies like Bitcoin. Our recommended exchange is Coinbase. Create an account on Coinbase by following their sign-up process and verifying your account.

Once your account is created and verified, you’re ready to buy Bitcoin. Set up your payment method, enter in the amount of Bitcoin you’d like to purchase and complete the transaction. Once you have Bitcoin in your exchange account, you’re ready to transfer the funds to your wallet. Once you have Bitcoin in your wallet, you can move to the next step, depositing your Bitcoin deposit into your casino.

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Green number 4Deposit Bitcoin into your Casino

After you’ve bought Bitcoin on the exchange, you’re ready to make your first deposit. In your Coinbase account, select the Send option. Enter the amount of Bitcoin you’d like to deposit and paste in the deposit address you copied from the casino’s deposit page (or scan the QR code, if provided). Once done – remember to double-check that you are sending it to the right address, because Bitcoin transactions cannot be reversed – you’re ready to start gambling with Bitcoin!

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