Making Bitcoin Deposits and Withdrawals
Bitcoin is a highly popular payment method that many people still don't understand. If that's you don't feel bad, it's such a radical new payment solution that it takes some time to learn the process involved with sending and receiving this virtual currency. Once you do understand how to make and receive bitcoin payments, you'll have an easy way to gamble online and a way to make all sorts of payments to other people as well.
How to Make and Receive Payments
Making and receiving payments with bitcoin is simple to do and you'll be started gambling the same day that you start using this technology in most instances. The first thing you should do is get a bitcoin app on your smartphone, or bitcoin software on your computer. This software makes it easy for you to create a digital wallet and for you to send and receive payments.
Once you have the app or software, use it to make your first bitcoin wallet and write down the codes that you receive with the wallet for safe keeping. Do not give the private code to anyone, this grants access to the funds in your wallet!
Now that you have your wallet, visit an online bitcoin exchange for your country, and use your credit card or bank account to fund that same wallet with real money. This will result in a bitcoin amount being deposited into your wallet. You can use this money to fund your casino account.
When joining a casino, simply select bitcoin as your payment method, and scan the QR code of the casino to make a payment or enter in the site's wallet address and you'll send money from your wallet to the casino's. Now you have money to gamble with.
When it's time to make a withdrawal you just have to select the amount to withdraw and enter in your wallet address and the casino will automatically send the coin back over to your wallet. From there you can hold onto your coin or you can use the same exchange to convert your coin back to your country's currency and enjoy your winnings.
The Benefits of Using Bitcoin
There are some very real benefits to using bitcoin for online gambling and other payments online and offline. Bitcoin transactions go through quickly, and they cost a very small amount of money to process. Bitcoin is also very secure when used properly. It's easy to protect your wallet balance, and your financial institution is kept separate from your wallet at all times, protecting you against hackers and others with malicious intent. When you consider all the benefits of bitcoin it makes sense to use it for both deposits and withdrawals at a casino. Sure it might be a bit slower than a credit card for deposits, but it's considerably faster than most other methods for withdrawals when the time comes to take your money back out.
Hopefully you understand the benefits of bitcoin now and the simple process to use it for deposits and withdrawals at a casino. Now that you get the concepts behind the technology you can create your own wallet and begin gambling using bitcoin today.