How to get started with Bitcoin Casino

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Bitcoin casinos have lately become the talk of the day because of their innovative technology and quality. Gamblers enjoy the anonymous nature of the sites and the data protection they provide. For those that plan to wager more, BTC casinos offer some of the highest limits on the market and most fleshed out VIP programs. 

In this article, we shall learn how to:

• Register an  BTC wallet for storing BTC
• Buy BTC using Fiat currency 
• Transferring Your BTC to Your Wallet
• Deposit BTC at your favourite Bitcoin casino
• Withdraw earnings from a BTC Casino
• Convert your BTC into Fiat currency

Before that, let’s compare BTC Casinos with Standard Casinos.

Although exceedingly controversial in the financial space, BTC has steadily become the choice alternative to the widely accepted USD and EUR. There is no verification process. BTC is convenient and cost-effective for anyone looking to send payments anywhere in the world, especially in the US where depositing and withdrawing with traditional currencies is slow and expensive. Some of the benefits of BTC include:

Anonymity. Protect your private information!

Secure transactions. Thieves can’t intercept your credentials.

No fee structures. Bank and transaction fees can increase, but not with BTC.

Quick, active deposits and withdrawals. Using the ACH is a thing of the past.  

US citizens are more likely to purchase their BTC from Coinbase, Localbitcoins, or Bitquick crypto exchanges. These are the top three exchanges, but there exist many other crypto markets to exploit. So, don’t limit yourself to only those three.  The most common online wallet in Europe is Crypto.com, Coinbase or hardware wallet like Ledger, 

Here you are with your dollars or other currency, but you need BTC to gamble on a BTC Casino. Cast out your fears and pay close attention to the next steps. 

 Coinbase (special guidelines)

Coinbase is the most significant USD to BTC crypto exchange in the US. Hence, it is safe to purchase your wagering coins from them. The exchange offers two payment methods; direct purchase by linking your bank account and indirect purchase by making good use of your debit card. Any of these methods will enable you to make your BTC order promptly and safely. 

Note: You can’t use Coinbase to send or receive coins from a betting platform directly! 

Localbitcoins 

This is a Person-2-Person (P2P) crypto market people buy and sell BTC. We will only talk about its basics, but you can read a comprehensive Localbitcoins review here if you are interested. 

Do not rush for the offers which appear too good to be true, especially from new traders. Scammers like using new accounts with lucrative deals.   

Avoid sellers who have little or no feedback.

Avoid purchasing significant amounts at once. Make sizeable purchases at different intervals. 

Bitquick

This is a BTC to fiat marketplace with proof of BTC held in an escrow system. Typically, sellers hold their coins with Bitquick, and buyers scrutinize the available offers before making acquisitions. 

Buyers finalize deals by taking sellers’ bank details and depositing fiat currency there. After obtaining a receipt of the bank transaction carried out, you create and upload a clear picture of it to Bitquick. After verifying it, Bitquick support releases the agreed amount of coins. 

Pick the best option from the above exchanges. Besides, you can also search for a bitcoin ATM near you, pay via fiat currency and you will receive your coins in your personal BTC wallet. Bitcoins ATMs are being installed at a high rate in the US, and the next five years each neighbourhood in the US will own at least two BTC ATMs. 

Crypto.com 

This is one of the fastest growing companies in the crypto space at the moment, 

They launched their service in late 2019 and have over 2 million members already. 

You register easily with your phone and when you are verified you can start buy or transfer crypto to your wallet. 

Crypto.com also have their own coins MCO and CRO,  and if you buy CRO you can also stake your currency and get interest up to 18% of your investment. 

Sign up or sign in (if you already have a betting account) to your favorite BTC Casino. Most BTC Casinos have simple interfaces, so don’t be worried about finding the deposit button. BTC is the major cryptocurrencies that most casinos use as a medium of exchange. 

Click on the deposit button, and you will see a deposit address to use. Copy it.

Visit your BTC wallet and scroll down to the ‘Send’ option. Enter the amount of BTC you plan to use and paste the address you copied from your BTC Casino in the ‘Send To’ section. Verify both your gambling casino address and the figure you are transferring before clicking the ‘Send’ button. 

Back to our gambling casino account. Your coins will probably reflect within some few minutes. Most BTC casinos show an equivalence of your coins in USD or other currency; hence you will likely make an informed decision of the amount you are staking.   

There are several methods of converting BTC into fiat currency. We shall discuss four of them in this guide. 

Coinbase/Coinbase-pro. Access your Coinbase account, click the ‘Deposit’ box and select BTC as your deposit currency. Transfer your coins from your Private BTC wallet to your Coinbase account using the address provided. Trade you BTC with USD and withdraw your money to your bank account. 

Localbitcoin. The platform allows users to buy and sell BTC. After creating an order, the buyer will deposit the agreed amount into your bank account. After confirming the accumulated amount, you will then release the escrow. 

You can also use Bitquick. You will act as a seller, and the whole process is like that of Localbitcoins.  

Lastly, you can explore USA Fiat Exchanges, which are fully licensed and regulated to sell your cryptocurrency.