What is a Bitcoin Casino?
A Bitcoin Casino is an online crypto casino that accepts the cryptocurrency Bitcoin as a payment method.
Bitcoin (BTC) is the most popular digital cryptocurrency in the world, and unlike traditional fiat currencies (such as the Dollar, Euro, Pound, or Yen), it has no central bank and operates in a peer to peer marketplace.
There are two ways that Bitcoin Casinos operate, the ones that exclusively use Bitcoin and other cryptos (no fiat currency payment options are available); and the ones that accept Bitcoin and other cryptos along with traditional fiat currencies (or vice versa) as deposit and withdrawal payment methods.
The second type are so-called hybrid Bitcoin Casinos, offering a wider range of payment methods than the first type. Those Bitcoin casinos such as Coinsaga accept deposits with Bitcoin and process withdrawals back to a Bitcoin address of player’s choice, and quickly convert the funds from and to Bitcoin and/or traditional fiat currencies as a player wishes.
How To Deposit Bitcoin into My Casino Account
It is a super easy process. Once you have registered at an online Bitcoin Casino you will receive a Bitcoin Address, which you must use when you start making deposits and withdrawals at your chosen Bitcoin Casino.
To top up your Bitcoin casino account with your Bitcoin Address is instant and free. A player needs only to wait for the confirmed transaction on the blockchain, which usually takes a few minutes. Then you can start playing! Always check the promotions page at your crypto casino, (https://www.coinsaga.com/promotions ), because there are often amazing Bitcoin welcome bonuses and promotions, that will boost your crypto gambling experience.
How to Withdraw Bitcoin Winnings from My Casino Account
Cashing out with Bitcoin is also easy, you just have to send your BTC Casino money to your exchange wallet.
So go to your Bitcoin wallet and copy your own address. Now, go back to the Bitcoin Casino and go to the cashier page, select the page “Bitcoin Casino Withdrawals”. Then enter the amount of money you want to withdraw and copy your Bitcoin Address into the space. Confirm it. Then wait a few minutes and you will receive your winnings.
What are the Benefits of Playing at a Bitcoin Casino
There are many benefits to playing at a Bitcoin Casino. Let’s highlight here the most important:
Payment processing is safe, secure, and above all free of charge.
Generally, Bitcoin Casinos cover the processing fees themselves when dealing with traditional currencies. However, when you play with Bitcoin no processing fees are included.
Fast and Flexible
One of the most critical factors behind Bitcoin’s success is that the transactions (both deposits and withdrawals) are faster than any other traditional payment method. This is thanks to Bitcoin technology, which also makes it possible to have higher limits (on deposits and withdrawals).
This is another huge benefit of playing with Bitcoin. It means any transactions made with Bitcoin are listed and can be viewed by anyone, but there is no personal data attached to any transaction. This allows maximum transparency and anonymity. There is a transaction code known only by the sender and the receiver of the Bitcoin. This prevents scams and possible fraud. Moreover, this transaction is not known by any third parties, such as banks or financial authorities.
Anonymity is guaranteed when playing online
Bitcoin online casinos only ask for a player’s email address, and very few other pieces of personal information.
Bitcoin users have total control over their funds
So it is impossible for funds to be blocked or frozen by any financial authority (bank or government).
What Casino Games Can I Find at Online Bitcoin Casinos
Bitcoin Online Casinos offer the same casino games as any other traditional online casino.
It means that the quality of games at Bitcoin Casinos remains unchanged, such as online slots with progressive or fixed jackpots, table games such as Blackjack, Baccarat or Roulette, players will find all tier-one game providers such as Netent, Pragmatic Play, Evolution, Novomatic, Play’N Go, Playtech, etc., too. Bitcoin Casinos provide a wide range of games to choose from, meaning there is something for every kind of player.
Moreover, Bitcoin Casino sites offer Provably Fair Games, which are fair play crypto gambling games, where players can verify that the game is fair, the outcome is correct and the house edge is regular, all of this just by entering the ID bet number.
Bitcoin Frequently Asked Questions (FAQ)
We recommend choosing one of the most reliable and established wallets on the market. If the wallet has a great reputation, you should be able to use it easily. The Coinbase, Binance or Crypto.com exchanges are very reliable and good choices.
Yes, they are. Bitcoin asks the user to provide only information relating to the transfer and guarantees 100% anonymity, without the need to release banking information or personal data, avoiding the risk of fraud or scams.
No, it is not. Using Bitcoin as a real currency is easy and you can convert the value of it into fiat currency in your exchange wallet.
Yes, you can. At any of the best Bitcoin Casino sites like Coinsaga, you can play any casino game available on the site with your Bitcoin.
Yes, you can. In the best Bitcoin Casinos, you can play any game just like at traditional online casinos.
Yes, you can. Just join any reputable Crypto Casino and get their welcome bonus in Bitcoin Cash or A Free Spins package.
Yes. And a trustworthy and reputable Bitcoin casino will always provide information on their gaming license on their homepage.