ABOUT BITCOIN WALLETS
Abbreviated as BTC on the foreign exchange market, Bitcoin emerged back in 2009 and it is a global peer-to-peer legal and decentralized cryptocurrency. It was the first of its kind, and it is obtained as a consequence of mining. BTC can be bought from specialty platforms or you can trade for it on the forex market as well. The whole process consists of exchanging money for Bitcoin, just like you would do with any other global currency.
The corresponding Bitcoin Wallet will not help you store your money like a traditional e-wallet, but rather your information, including your transaction history. The wallets can store your data online, offline, or even on mobile, and represent a safer alternative for your online gambling needs. Transactions are mostly anonymous, but you should keep in mind that some online casinos may require you to verify your identity for the withdrawal process.
The video below will present you with a summary of what Bitcoin is all about:
BITCOIN WALLETS FEATURES
Bitcoin is not tracked by any person or software, nor is it part of any bank. All the money is being moved around on individual Bitcoin addresses, and these addresses can’t use any personal data.
As it does not rely on any other service or system, Bitcoin performs instant transactions, which is a great deal for online casinos players who want to play immediately after making a deposit.
Bitcoin is a globally-accepted cryptocurrency, and nowadays can be used almost anywhere. This makes BTC really comfortable to use, as there are almost no restrictions. To see if you can use it in your country, you should first check your local regulations.
HOW TO USE BITCOIN
If you want to gamble with Bitcoin for real money at online casinos, you will first have to acquire BTC, which can be done by buying the currency from specialized websites and marketplaces. One example is the forex market, where people exchange cryptocurrency all the time. The next step is to create an account with a Bitcoin Wallet, and proceed in making an instant deposit at an online casino.
Creating a Bitcoin Wallet is easy and it can only take a few minutes. You just have to log in to your account and provide some basic information. The video below will exemplify the steps for you:
DEPOSIT, WITHDRAWAL & FEES
If you want to deposit money in your gambling account using Bitcoin just choose an online casino in the list above. Once registered, you can acquire a Bitcoin address that you will use in order to perform a transaction.
In order to receive your payout, you will have to sell your Bitcoins and make a transfer. However, you can also choose other withdrawal methods, such as PayPal. This whole process may require you to provide bank documents, so it may also take a while due to manual verification. The best and fastest way to get your money with Bitcoin is a Bitcoin Wallet.
By its nature, Bitcoin won’t charge you any fees, and if you are charged for any operation it may be due to your bank or credit card policies that apply after exchanging your BTC for other currencies.
