Buy, Store, Deposit and Withdraw Bitcoins from a Bitcoin Casino

Learn how to make you first deposit and much more on a Bitcoin Casino

Bitcoin (BTC) 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:


  • Open a secure, user-friendly BTC wallet for storing BTC
  • Buy BTC using US dollars 
  • Transferring Your BTC to Your Wallet
  • Deposit BTC at your favourite Bitcoin casino
  • Withdraw earnings from a BTC Casino
  • Convert your BTC into dollars


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.  



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Step 1: Opening a Personal BTC Wallet for Storing Your Coins

 A BTC wallet is where you store your coins after acquiring them from a crypto exchange or a gambling casino. This step will enable you to store your bitcoins in a place that you are the only one who can access it through the private keys provided at the end of the sign-up process. It is advisable to keep your keys as private as possible to keep away scammers from accessing your wallet. 

Remember to write down the keys in a piece of paper for account retrieval purposes in case you lose your phone. 


There are few choices of BTC wallets available. I highly recommend a hardware wallet, even though they are not freely given. You will spend some few pennies on acquiring one, but they are worth the cost. There are several wallets available in the market for crypto users to choose, but I prefer Trezor and Ledger wallets. 


According to many crypto users, Trezor wallets are easier to handle and have a more straightforward log-in process compared to Ledger wallets. Besides, Trezor regulates crypto forks more efficiently; hence users are always assured that their investments are secure. 

Practice the crypto rule of the thumb when purchasing a hardware wallet; make direct purchases from the manufacturer, for instance, Trezor.io and Ledgerwallet.com. Avoid third-party deals like buying via Amazon since the trust of third parties in the crypto space is poor. Not long ago some ill-intentioned middlemen were reported to have copied private keys of the hardware wallets they had sold. Once buyers deposited substantial amounts in those wallets, the fraudsters took control of the wallets using the stolen private keys. 

      

Those who are not planning to hold the coins for long or those intending to stake small amounts can take advantage of desktop wallets, which are downloadable, or online wallets that are quickly and securely accessible. 


There are applications, online wallets and desktop software available for crypto users to download and use. I strongly recommend the wallets below to our users: 

Trezor (hardware wallet, buy directly from Trezor.io to avoid traps of ill-intent mediators).

Ledger (hardware wallet, make your order from Ledgerwallet.com and not through Amazon).

GreenAddress (an online wallet that is freely accessible and safe for use).

BRD (there are two versions for iPhone and Android users).

Electrum.org (this is desktop software that is also very secure). 

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Best Bitcoin Casinos 2019

Crypto Thrills

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Step 2: Acquiring Bitcoins to Use in Wagering

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.  

Here you are with your dollars, 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. 

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Step 3: Transferring Your BTC to Your Wallet

Once you have acquired the gambling bitcoins, you must transfer them to your wallet. Remember earlier on we said that it is impossible to send and receive cryptocurrencies from betting casinos into crypto exchanges.  

Now, how do you transfer your coins from an exchange to a personal wallet? 

Log into your personal BTC wallet.

Click on the button labelled “Receive.,” and then select the option “Create a New BTC Address.” Copy this address. 

Open a fresh tab and log in to the crypto exchange where you made your purchase. Scroll to the button labelled “Send” and click it. Paste the address you copied from your BTC wallet. 

Copy-pasting will help you avoid providing a wrong address, a mistake that arises when users try to type their addresses.

Enter the amount of BTC you want to transfer. Verify whether you have provided a correct address and delete any space before and after the address. Click the send button to complete the withdrawal. 

It usually takes a few minutes to receive your coins in your wallet. The BTC network traffic determines the duration at the time of the transaction.

You will receive the same amount of coins you sent, but a small mining fee will be deducted from it. Mining charges vary with market conditions, though they are usually small portions. 

Once you receive your coins in your BTC wallet, you are now a step to placing your bet. 

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4. Depositing Bitcoins on Your Bitcoin Casino

Sign up or sign in (if you already have a betting account) to your favourite 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; hence you will likely make an informed decision of the amount you are staking.   

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5. Withdrawing Your Earnings

Wager as you want but remember to stake what you can afford to lose! To cash out your winnings, you must create a new BTC address in your BTC wallet. 

Click on the cashier > withdraw button in your casino account. Enter the figure you intend to cash down and paste your BTC address. 

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6. Converting Your Bitcoins into Fiat

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.

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Find a Bitcoin Casino

See the latest Bitcoin Casinos added to our listings and learn more about Bitcoin Casinos.

New Bitcoin Casinos 2019 


Check out the best and the newest Bitcoin Casinos 2019. We update with new casinos every month here at newcryptocasinos.com.


Bitcoin Casinos June 2019


Bitcoin Casinos May 2019


Bitcoin Casinos Aptil 2019


Bitcoin Casinos March 2019

New Casinos where added to our listings in March 2019


Bitcoin casinos February 2019

In February we added new Bitcoin casinos to our listings


Bitcoin Casinos January 2019

Check the Bitcoin Casinos we added to our listings in January 2019


 

What is the different between a Bitcoin Casino and a traditional casino online?

Regulation 

Most of the online casinos have a license in the country they are operating in, In Europe most of the big Online Casinos have a MGA license ( Malta Gaming Authority ( and in the US they have licenses for each state where gambling online is allowed for example  New Jersey license.

Crypto currency is not yet regulated, so most of the Bitcoin casino have a Curacao license but recently the Malta gaming authority applied to the malta government to add crypto currency to their online casinos. this will be a big step up for the Bitcoin casinos in Europe, and we will probably see the same thing in the US


How to make a Deposit on a Bitcoin Casino?

New Crypto casinos offers players to pay with bitcoin and other crypto currencies, like etherium and dogecoin etc and traditional online casino only offer players to deposit in currencies like euro, USD and other fiat currencies


Can you get a Bonus on a Bitcoin Casino?

Yes you can, and often you can find very generous Bonuses when you sign up. You can go to our section Bitcoin Casino Bonus and you will find the latest bonuses added to our listings 2019. Make sure you read about your bonus terms before you do a deposit so you understand how it works.


Games 

The best thing with Bitcoin casinos, is that they offer the same games that traditional casinos, but they also offers games that are only build for crypto casinos, so  casino players have more options to chose when they go to crypto casinos.


Provably fair

In crypto gambling provably fair describes an algorithm which can be analyzed and verified for fairness on the part of the service operator, This is only possible on real Crypto casino operators.


Support 

In our opinion they  support is much faster at the new bitcoin casinos, the answer in seconds, and are very professional and helpful, this make sense, the new crypto casinos must be on the top of everything to compete with the online casino giants.


Bitcoin casinos who offers you to play with bitcoin or other crypto currencies

if you are looking for a new crypto casino you can check our list below


New Bitcoin Casinos 2018


Are you looking for the latest Bitcoin Casino? Below you find direct links to all the Bitcoin Casinos we added monthly during 2018. We working hard to be one of  the best guides for Bitcoin gambling online and we hope you find a bitcoin casino that is perfect for you.


Bitcoin Casinos May 2018

In may 2018 we added some really cool Dices and Casinos sites t our listings


Bitcoin Casinos June 2018

June was a great month for Bitcoin Casinos, and we added some really good and new Bitcoin casinos


Bitcoin Casinos July 2018

In July we started to add some Betting partners who offers bitcoin payments.


Bitcoin Casinos August 2018

August was an interesting month, since we started to add  Poker-rooms with bitcoin payment to our listings.


Bitcoin Casinos September 2018

In September 2018 we listed some brand new Casinos wit multiple crypto currencies payment options.


Bitcoin Casinos October 2018

In October 2018 we listed more Poker-rooms to our listings 


Bitcoin Casinos November 2018

In November we will continue to focus on casino and poker operators with Bitcoin payments.


Bitcoin Casinos December 2018

Check out the latest Bitcoin Casinos added to our listings in December,


Play Bitcoin Casino

Do you want to try the new Bitcoin Casinos? You can choose from our list

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