Set your mind at ease when playing at a Bitcoin casino for the first time. Use our handy GamblersPick beginners guide designed to help you through the easy process of getting started in the cryptocurrency gaming world.
Bitcoin and cryptocurrency are becoming more and more popular in the online gambling world, with many of crypto casinos offering entertaining gambling services and solutions to players.
While the trend of playing at Bitcoin casinos is growing, some players need a boost of confidence to step out and actively take part in the market.
You may already know the advantages of playing in this market space, but there are very few guides that teach you step-by-step principles to practically getting started.
At GamblersPick, we are sold out to making your online casino gaming experience as convenient as possible. As part of this endeavour, we've opted to provide you with an “all you need to know guide” about how to get started in the gambling world with Bitcoin.
If you're just getting started with Bitcoin casinos, you're in the right place!
Understanding Bitcoin and Crypto Transactions
Before we get invested in the procedures behind starting your Bitcoin journey, there are a few things you need to know about the currency.
With these fundamental principles in hand, we can get started with the process of playing at a Bitcoin Casino.
How to Buy Cryptocurrency
First things first, before playing casino games in this environment, you will need to buy the currency. Fortunately, this is not a complicated process and can be completed within a few minutes.
You can simply purchase Bitcoin at a crypto exchange with your Dollars or Euros. In many instances, you can link your bank account to the exchange to complete the transaction, or merely use your credit card to buy the credits, speedily.
How to choose a Bitcoin Exchange
To transfer your fiat currency into Bitcoins, there are 5 top exchanges that we'll discuss. While there are many more on the market, these platforms consistently perform well:
Top exchanges like Coinbase and Kraken do provide the IRS and other tax institutions information on your trades, according to regulation, so be sure to include your trades and investments on your returns.
The offers and deals available at these five exchanges are competitive. You can do more research on their websites to find the one that will suit you best.
Buying Bitcoins from an Exchange
Most Bitcoin exchanges follow the same easy protocols for trading on their platforms. Some may have unique tools and steps, but there is usually a generic process to get started:
5. Trade Order
Please note that there is a small fee charged on all transactions of this nature, which vary in value from platform to platform. Once the transaction is completed, your account balance should reflect your Bitcoins within minutes.
Selecting the Best Crypto Wallet
Now that you have bought your Bitcoin, you need to make it more useful. The easiest way to make your deposits at a casino would be from a dedicated crypto wallet. Exchanges such as Coinbase will allow you to run a local software wallet on their platform, which is often the ‘go-to' choice for gamblers.
For ease of use, you can opt to manage your Bitcoin conveniently from your mobile device. Thankfully, there are some tremendous crypto-wallets available for both Android and iOS devices, which will make your gameplay more seamless.
Download one of the following mobile software wallet apps for the best experience available, register your details and verify the account via email or mobile phone.
Top Tip: Always opt for two-factor authentication to keep your wallet secured. An authentication code will be sent to your phone each time you release a payment. Simply input the code and the funds will be released.
There are many other ways to manage and store Bitcoins safely, including on cold-storage devices, however, these solutions are usually best for investors. The way in which software wallets work perfectly suits the needs of casino goers.
Funding Your Bitcoin Wallet
To fund your newly registered Bitcoin wallet is simple and straightforward.
Lightning! Transactions on the blockchain are usually super-fast. While the exchange you are trading with might quote a longer ETA on your funds, the currency often reflects far quicker than anticipated.
If you are releasing the funds from a desktop software account to a mobile wallet, then paste the wallet address into an email and send it to your desktop. Copy the address there and paste it in the relevant window on your hosted trade exchange profile.
Choosing the Best Bitcoin Casino
The next step in your gambling venture is to find the best Bitcoin casino to suit you! There are many exciting sites out there, including premium operators like Bitstarz, Bitcasino, King Billy, and more.
At GamblersPick, we have a list of top-performing Bitcoin casino sites where you can play with peace of mind and enjoy first-rate entertainment. There are a few things to consider when choosing a top operator platform.
A unique feature in the Bitcoin casino games world is ‘Provably Fair Gaming'. Certain sites allow players access to the gaming algorithm which will verify the fairness of each round thanks to cryptographic tools built into the game. This way, you can enjoy the games, knowing fully well that each spin or round is completely unbiased.
For more detailed information on what to expect when gambling at crypto casinos, read through our Cryptocurrency Casinos Page, or our helpful Introduction to Bitcoin Casinos Guide.
Making Your First Bitcoin Casino Deposit
Once you have found the ideal Bitcoin site, and have registered an account there, all that is needed to start playing is to make a suitable BTC deposit. This can be accomplished in a few easy steps:
Once the funds reflect in your casino account, you can start playing all the exciting casino games that you want.
Making Your First Bitcoin Casino Withdrawal
Of course, you play to win! You can withdraw your winnings back to your Bitcoin Wallet anytime you choose. The process is similar to that of making a deposit:
Important! Once a payment is made, it is permanent, so you must make sure that all the details are correct before making deposits or withdrawals.
One of the biggest perks of playing at Bitcoin casinos is the speed at which your withdrawals are paid out. The funds should reflect in your wallet within 5 mins but it can take up to 24 hours.
Changing Your Bitcoins for Cash
If you would like to exchange your Bitcoins for cash rewards, this can be done conveniently through the exchange.
By this time, your credit card or bank account should be conveniently linked to your trade account, so you can make the payout to one of those accounts to access the funds.
Some casinos have the awesome added feature of converting your funds for you on their site. This is a handy tool that will save you some time and effort.
Our GamblersPick Pleasure
If you follow the principles in this guide, you should be up and going within minutes. While it seems like a lot to remember, it is actually quite a simple process.
Once the trading account, wallet, and casino account are set up, the hard work is done. Each deposit and withdrawal thereafter becomes easy and lightning fast!
Casinos
Games
Jackpots
