Bitcoin and Online Gambling: Two Worlds Collide
You might be fond of playing online gambling games. At the same time, you are holding to your Bitcoins because you believe that somehow, cryptocurrency is the future. Only if you would just be able to use your Bitcoin for betting, would not it be awesome? As a matter of fact, you can do that. There are plenty of online gambling and online casino sites that are accepting cryptocurrencies such as Bitcoin as a form of payment. Now, you can take advantage of your coins for betting and to top it off, use your DDC codes to maximize that betting power.
This article would be extremely helpful in all kinds of betting sites that are accepting Bitcoin which include online poker rooms and casinos. Aside from that, you can use this article as basis for other cryptocurrencies that you may have similar to:
- Bitcoin Cash
- Litecoin and;
Taking Advantage of Bitcoin to Play Online Gambling
The beauty about Bitcoin is that, it is cost effective and also, convenient to use. More so, if your country is known to cryptocurrencies such as the United States where Bitcoin is all welcome. In fact, many of its residents find it more expensive to withdraw and to deposit using their real cash. You can buy Bitcoin in almost any countries across the world.
Additionally, the method of buying Bitcoin or any cryptocurrencies in that matter varies too which include face-to-face trades or even online exchanges.
Steps in Using Bitcoin for Gambling
If this is new to you, then you may have plenty of things running in your mind on what to do. It’s fairly easy and here are the steps on how to do it.
Step 1. Create a Bitcoin Wallet
This is similar to an online hub to buy and sell Bitcoins. Hosted wallets are the perfect way of storing Bitcoins with 3rd party, such as what you would do with banks.
Step 2. Deposit Cash into Your Wallet
Once everything is set up, you now need to deposit money and buy some Bitcoins. Much like with fiat currencies, Bitcoin rates are known to fluctuate so ensure that you check the rate before buying.
Step 3. Depositing Bitcoins to Casino or Sportsbook
When done with steps 1 and 2, you are now ready to make deposits to sportsbook or online casino and play. Just navigate to their deposit section and click on Bitcoin option wherein you’ll be given instructions on how you’d push through with your deposit.
Step 4. Withdrawing Your Win
To withdraw, just repeat step 3 but instead clicking on the deposit option, go with the “Withdraw” option.