Bitcoin is quickly becoming the currency of choice for gambling online. From faster speeds to greater reliability, there are numerous advantages to gambling with Bitcoin over traditional currencies. Ready to get started?
In our guide we’ll cover:
While Visa (and credit cards in general) tend to be the default method for most Australian-facing online casinos given their popularity and high acceptance rates, it’s worth noting that each casino has different minimum deposit & withdrawal requirements for each payment method, so as always, we’d recommend reading the fine print and using Bitcoin.
Select your Bitcoin casino and sign up for an account.
Select and set up a Bitcoin wallet, which is how you will manage and send your Bitcoin.
Select an exchange and purchase Bitcoin using your credit card or bank transfer.
Deposit your Bitcoin to the casino, using your unique deposit address, found on the casino’s Deposit page. Your deposit should be ready immediately.
One of the many pros to using Bitcoin at casinos online is the level of anonymity you have. There isn’t really any billing that comes with using Bitcoin at casino sites as it isn’t connected to your bank account or credit card. Don’t put any personal details in your Bitcoin wallet and these transactions won’t be traced back to you.
Here are the typical steps you can expect to encounter when withdrawing from a casino site using a Bitcoin card:
Head to the casino’s withdrawal page, choose your amount, and select Bitcoin as your intended method.
Check your Bitcoin wallet address, confirm and it and send the address to the casino site.
Finish the transaction and receive your bitcoins almost immediately. It’s that simple!
Bitcoin is highly lauded for its security features. The encryption that comes with Bitcoin transaction is top of the line, and these transactions are largely unable to be traced to back to you, which is great. Meanwhile, you receive larger bonuses for making deposits with Bitcoin, so it works out for everyone.
You also have to check on the casino’s end to make sure they’re doing all they can to keep your transactions secure. Make sure you can see the padlock icon right by the website address to confirm that it is safe.
If you’ve decided that Bitcoin isn’t for you, here are some of our other favourite deposit methods: