The Bitcoin Rising Payment System

Bitcoin is quickly gaining popularity as a means of payment for online services. It is a payment system using the currency of the same name for transactions. Bitcoin is the world’s first and foremost cryptocurrency, and even online casinos have been affected by its use.

The main advantage of using Bitcoin as a way to fund casino accounts is the complete anonymity of the transactions. It is especially relevant for the countries, legislation of which is trying to hinder development of online gambling (China, USA, etc.).

There are a lot of Bitcoin wallets, and all of them are suitable for casino deposits. If the casino supports cryptocurrency payment, it doesn’t matter which wallet you will use. There are so-called “browser wallets” (which are available online), but it is not recommended to store large amounts of Bitcoin in these wallets due to their unreliability.

The procedure for depositing to the online casino is quite trivial and does not differ in complexity from depositing through other payment systems. In your personal cabinet you have to open the top-up tab and select “Bitcoin” or “Cryptocurrency” as a payment method (some online casinos support other cryptocurrencies besides Bitcoin). On the page that opens there will be a Bitcoin account address that you need to copy. Then, in your Bitcoin wallet, choose the send funds function and paste the copied address. It’s worth bearing in mind that the time frame for depositing your casino account is uncertain. They can range from 10 minutes to several days: it all depends on the load of the system, your queue for payment and other factors. Don’t worry ahead of time if the money doesn’t come quickly.

Another advantage of using Bitcoin for online casinos is the great support for the currency. Many large Russian and Western casinos accept this payment method, so there is a choice. In addition, all transactions are completely anonymous, as you don’t need to use a phone number or email address – everything is done through the wallet.

The key drawback is the waiting time and the “cost” of Bitcoin. Many people can’t afford to mine, and otherwise this currency is quite difficult and expensive to get. Due to the volatility of the Bitcoin exchange rate and the uncertain laws of various countries regarding the cryptocurrency, we cannot recommend using Bitcoin to fund an account.