Online Casinos Accepting Bitcoin
Bitcoin began life in 2009 but didn’t explode into the worldwide phenomenon we know it as today until 2017. Massive demand for the cryptocurrency caused the price of a single Bitcoin to soar to dizzy heights, early adopters that held onto their Bitcoins saw massive increases on their initial investment.
Today, Bitcoin is a widely accepted form of payment used for both withdraws and deposits and is even used in the world of online gaming as an additional banking option.
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How To Buy, Deposit And Withdraw Using Bitcoin
You might be thinking to yourself that setting up a cryptocurrency account for online gaming is something that only a technological geniuses can accomplish, well I’m here to tell you that anyone can!
We created a step by step guide to help you get started on your cryptocurrency journey. Watch our comprehensive video below:
Getting Setup With Bitcoin
Step 1:
When getting started with any cryptocurrency, the very first thing you will need to do is identify the right cryptocurrency wallet for you, your crypto wallet is essentially exactly that, it helps not only store your cryptocurrency, but also gives you the ability to buy, sell, and pay. Now there are hundreds, if not thousands of crypto wallets available today, all of which carry with them their own unique benefits and features. The official Bitcoin website has developed a great, easy to use system that allows you to view the crypto wallets that will best suit your needs. So the first thing we recommend is to head to bitcoin and select a crypto wallet. You will find that most crypto wallets come with mobile apps for easy, on the go access.
The official Bitcoin website has developed a great, easy to use system that allows you to view the crypto wallets that will best suit your needs.
So the first thing we recommend is to head to bitcoin and select a crypto wallet that works for South Africans. You will find that most crypto wallets come with mobile apps for easy, on the go access. For this article we have chosen to use Luno, a cryptocurrency platform that allows South Africans to buy, sell, store and trade Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin and more.
Step 2:
When you have chosen your crypto wallet you will need to then load funds onto it, this can be done very easily mainly through bank transfer or alternatively instant EFT.
Step 3:
Once you have loaded your crypto wallet with funds, now is the time where you are able to actually purchase your crypto of choice. When it comes to online casinos, it’s important to know that most online casinos have made bitcoin the main crypto for deposit and withdrawals, so we recommend looking at purchasing Bitcin for your first time.
Making your First Deposit Using Bitcoin
You have your crypto wallet setup and you have bought your very first share of Bitcoin, congratulations, welcome to the very exciting future. It’s now time to make your very first deposit using Bitcoin. Below you will find a step by step guide on how to go about making your very first deposit. or this tutorial we are using the Luno Crypto wallet, and Yebo Casino to make our Bitcoin deposit.
Step 1:
For easy deposit using bitcoin we recommend that you have your mobile phone and your crypto wallet handy as we will be using the QR code payment function to make our first deposit.
When it comes to crypto wallets, at first most will allow you to top up your wallet, buy and sell Bitcoin, however if you would like to actually pay using Bitcoin there is often a request that needs to be sent for this function to be enabled.
If you are using the Luno app like we are, then this process is very easy, simply login to your Luno app and click on “Send”. Luno will then ask you if you would like to enable the payment feature, you will say “yes”. It is important to note that once you have requested this, it takes up to 24hr for Luno to process and enable the function.
Step 2:
Once you have enabled the Send function on your app you can now head to your casino of choice to make your deposit, in this case Yebo Casino. Login to your Yebo Casino players account and head on over to the “Cashiers” section where you will be able to choose the deposit method you would like to make use of.
Step 3:
From the deposit method options, scroll down until you find Bitcoin, select this. You will now be able to enter the amount you would like to deposit using Bitcoin. With Yebo Casino it states the min deposit amount is ZAR25, however we found that a minimum deposit of R75 + only works.
Step 4:
Step 4 is the time where you will need to have your mobile phone and your Luno app open. On the casino side you will be shown a unique payment code, you can either use this or the unique QR code, we found when making Bitcoin payments that the QR code is easiest.
Go into your Luno app and select “send”. The app will then ask you where you would like to send Bitcoin to, you can either enter the unique bitcoin address, or alternatively in the top right hand corner of the app you will see a small QR code icon, if you click on this is will open up your phones camera and you can scan the QR code on the casino deposit page.
The app will then register the payment and ask you how much you would like to deposit, it will also ask if you’d like to add a reference.
Step 5:
This is the final step, once you confirm the purchase, Luno will send you an SMS to authorise the payment, once you authorise the payment the casino will process your payment. Most transactions will be credited to your account within 10 minutes of submission. But this timeframe can vary based on your chosen mining fee and volume of bitcoin transactions.
Monitoring Your Balance
You can easily keep track of your Bitcoin balance using the Luno app. It tracks all cryptocurrencies that youcurrently own and shows how their respective markets are doing in real time. f Bitcoin is a route you areconsidering, Luno is a must have app.
Some Things to Keep In Mind
By its very nature, cryptocurrencies are incredibly volatile. You need to be vigilant when making investments. Don’t invest money that you aren’t willing to lose.
If you want to use Bitcoin as a method of withdrawal understand that its value will fluctuate. The money that youhave in the wallet will go up or down depending on what the market does on any given day.
You could also use the fluctuating market to your advantage, if the value of your investment is higher than youroriginal input you could potentially deposit more into your desired casino balance.
Understand that not every South African casino will accept Bitcoin as a banking method, pay close attention to which ones do and which ones don’t when making your decision where to play.
Heard Of Zonda Pay?
Zonda Pay is a service that allows its users to transfer and receive cryptocurrency payments fast, easily, and safely. This payment gateway uses the same technology that crypto does, the blockchain. If you’re making an online purchase or even making a deposit at an online casino, if Zonda Pay is an option, you’ll be able to use it to make your crypto transfer. You’ll be able to process Bitcoin, Bitcoin Cash, and Bitcoin Gold payments by using this gateway. The regulated currency that Zonda Pay operates with is Euros, it’s important to keep that in mind when using the service.
Bitcoin Friendly Casino Slots
While you browse around various online casinos you may come across games developed by BGaming, Booming Games, iSoftBet, Tom Horn and Yggdrasil. All of these suppliers create Bitcoin friendly casino slots meaning that you’ll be able to take advantage of specific Bitcoin bonuses that they offer.
What Are The Advantages?
- It’s an investment, you could see high returns on what you put in as the market grows and strengthens
- Some casinos offer exclusive Bitcoin bonuses
- Faster withdrawals and transaction processing times
- Some BTC casinos offer provably fair games
- Bitcoin and transactions involving Bitcoin are secure and anonymous
- Bitcoin exclusive brands have proprietary software, unique tools and perks
- It’s independent, you don’t have to go through a bank if you don’t want to
Any Disadvantages?
As we’ve already stated, Bitcoin, and cryptocurrencies as a whole, tend to be quite volatile. They can grow exponentially, yes, but they can also crash and have done so a few times in the past. Understand that what you have in your Bitcoin wallet is constantly changing and often at times might be lower than what you anticipated.
Closing Thoughts
Bitcoin can be an incredibly useful tool to use in the online gaming sphere. You could easily double your investment or have it get halved, it’s all based on what the market is doing on that particular day.
If you decide to make a deposit when your wallet balance is high you’ll be able get more out of your experience than you normally would if you went with a different banking option.
You might also lose a lot of your withdrawn winnings in a Bitcoin Wallet. These are things to keep in mind when making the decision to use a cryptocurrency based method of banking.
These market patterns can be easily tracked but difficult to predict so take some time and think about all your options.
If you can make it work for you, you’ll be at quite the advantage but that isn’t guaranteed.
Recent Comments for Bitcoin
147 Comments
User reviews marked with this logo are syndicated from LCB.org
I don’t necessarily like to use Bitcoin due to the excessively long transfer times and higher transaction fee’s, but it is the most profitable/popular cryptocurrency for newer users. I’ll usually convert my other crypto to bitcoin once I’ve finished doing whatever.
At one point the fees to transfer bitcoin were almost $12 at night. It’s gone down since then but it also takes a while to show up on account sometimes
bitcoin was my first choice for crypto casinos but the fees are sometimes outrageous and the length to confirm seems as if lot longer now. litecoin is my first now .less expensive and faster for me. but iin some cases bitcoin is the only option. so i still use on occasion.
Bitcoin is my least favourite out of all the crypto tokens available at casinos. It’s clunky, fees are expensive and confirmations can take over an hour and sometimes more. If you want fast play and quick deposits and withdrawals, I would avoid Bitcoin completely. It’s like using a grandfather to do a 100 metre Olympic race. No good
I have had the pleasure of using this platform on a few casino platforms, expecially 1x slots as well as JV Spons, Betterwin to name a few. I have had no hickups, in fact I have been able to both deposit using my bitcoin account as well as withdraw using the same. It is amazing, instant deposits with basically no fees charged per transaction. Details are kept very private and have a number of authentications as well as authorisations before a payment is cleared and paid
Bitcoin cost quite a bit to purchase and the fees are very high. It is a trustworthy currency/crypto but I would use it for investing and keeping it in my wallet and not paying the unnecessary high fees by sending it to anyone or anywhere. But scope of this currency is very high.
I’m new to Bitcoin and just learning about it, so I apologize if this is a silly question. Do you have to deposit Bitcoin to win/withdraw Bitcoin?
I didn’t know that bitcoin fees are high but reading the below comments it make me thinking that never use the bitcoin in paying to anyone. I was thinking that transfer of bitcoin is easy and cheap but now first I will discuss the fee and then decide to use it. One problem is more in bitcoin that its price fluctuation. Everyone spoke and complaints about bitcoin fee and fluctuation.
I absolutely do not like that deposit option. It has an incredible amount of fees and sometimes it takes hours to come even you pay 2 or 3 dollars as fees. First time i used it, i did not notice the fees were so high so when i deposited 20 dollars, i had the same amount in fees because i chose the fast option.
I really do not like using this crypto for any kind of banking, transacting where I need to send or transfer it . Not only can it sometimes take a little or even sometimes a lot, longer but more importantly the fees are absolutely mind boggling huge. It is so unfair. It is certainly a trustworthy currency/ crypto but I would only use it for investing and keeping in my own wallet and not paying the unnecessary enormous fees by sending it to anyone or anywhere.
Past few times I’ve used bitcoin it has cost me to much in fees to leave me feeling good about it. It’d better than conventional methods because you can withdrawal faster at these casinos than conventional banking methods.
Bitcoin was my original choice until lite coin came to the scene.
Bitcoin cost quite a bit to purchase and the fees are very random. Not a fan.
Bitcoin is good but personally I do not use it for transactions too often because the price fluctuates alot also for fees I would rather avoid, I will say though it is very quick to confirm your transactions so that is a plus for sure recommend it for bigger transactions.
What happens with bitcoin, in my opinion it is not the best currency to deposit in a casino due to its delay both in withdrawing and depositing to the site, leaving aside that it is the best method to ensure your profits and the fastest (crypto)
One thing is that it is also usually the fastest method of accepting withdrawals in most casinos online.
Bitcoin is my second favorite type of crypto to use when dealing with online casinos after Litecoin. Bitcoin is the original tried and true crypto that is easy to check on the blockchain and is very fast
I prefer USDT using TRC-20 but I sometimes play with Bitcoin. Fees are low for both which is great.
Bitcoin is also my preferred nowadays. Some casinos have messed up deposits being made with my former preferred choice, litecoin. Address never updates & always refunds.
I used to like depositing by bitcoin the best. By far more preferable to me then using a credit/debit card. And so much better for withdrawals as well. In almost every single way. However, i now prefer bitcoin lighting deposit options wayyy more because they are just better in almost every single way. They are instant and jave little to ne fees compared to regular bitcoin deposits. Unfortunately i have mot been able to find many casinos that i like that offer the lightning option for some reason. Hopefully they will all accept lightning soon.
Using Bitcoin makes it very easy to withdrawal and purchase deposit. Prefer using the lightning Network as it is much faster compared to traditional methods. Only thing is you want to be sure not to withdraw to a cash app account because most of the time it will get returned
Bitcoin is my first method of depositing to casinos . I prefer bitcoin over all other payment methods because its so quick , its so easy (i can do it right from my cash app account) and its relatively safe . no card numbers you have to worry about handing over and its really fast but if you want it fast it does cost fees and the fees are like 3 or 4 follars sso thats pretty high but worth it in my opinion,
Bitcoin is also my preferred nowadays. Some casinos have messed up deposits being made with my former preferred choice, litecoin. Address never updates & always refunds.
Bitcoin is my second chosen method for deposits and withdrawals. If a casino doesn’t offer a multitude of banking methods, then I typically don’t play there. The price of Bitcoin fluctuates too much and even the slightest decrease can cause damage to your wallet balance. Due to the cost and network fees, I don’t use Bitcoin. I only use it when litecoin is unavailable or the casino I play at doesn’t offer anything other than Bitcoin, which is rare. To hold and trade it may be worth the headache but when depositing and withdrawal, I tend to stray away from using it.
I really dont think it takes all that much longer than litecoin these days. and on some sites they dont recognize my litecoin adress, but with bitcoin that is never an issue, i dont get it. And the fact that this can be done from Venmo or Paypal nowwadasy makes it a no brainer.
Crypto payments are the way to go. As with anything there are pros and cons but the pros far outweigh the cons.
Pros
-Crypto payments don’t generally fail like CC or DC often do
-If all of your depositing/withdrawing is done with crypto you shouldn’t have to provide any bank or card info during verification (YMMV depending on the casino)
Cons
-You might have to wait a few minutes for the payment to go through
-You could lose your crypto if you send it to the wrong wallet address or if you give someone your wallet address incorrectly
When I want to withdraw my winnings, Bitcoin is by far my #1 preferred method to get my money! The drawback is the fees that Bitcoin transactions can incur when other fellow cryptocurrencies charge far less. Also, the time frame between when Bitcoin hits your wallet to actually clearing the block chain and available to convert into physical currency can be as volatile as it’s price!
I used to use Bitcoin quite frequently to deposit and withdrawal from my online casinos but recently when the price to send skyrocketed so much it was almost as much as my deposit itself I can’t afford that that’s ridiculous so I switched to Bitcoin cash or the Litecoin they have practically no fees and plus on top of that they’re way quicker to go through
i dont know why the casinos listed as top bitcoin casinos are even there because imho they suck and there are way better options out there. i think the ball is being dropped in this particular area big time. we need to have vpn friendly casinos listed in their own dedicated category aswell. as technology and casinos evolve we need to evolve aswell, again ball is being dropped here..
Im not a big fan of crypto sites,but as life goes on we must respect the strange and new normality.Some of the sites i have even account and still i sit in front of a computer and,fish face on.
Bitcoin gambling is the way to go, actually bitcoin lightning is the best deposit and withdraw choice. Fees are at pennies and its practically instant! Getting your Winnings
Bitcoin offers unparalleled convenience when depositing funds at casinos. Its decentralized nature means no middlemen or delays. Transactions are swift, secure, and anonymous, ensuring seamless gaming experiences. With Bitcoin, enjoy the ultimate ease of funding your casino account hassle-free.
Bitcoin as both a deposit and withdrawal method are pretty fast, like not waiting for days and weeks after the pending period lightning fast! It was pretty tricky to learn about bitcoin at the start but as time passed on it is a great friend to have! With expanded knowledge and the ability to participate in casinos that have bitcoin like 500.casino, bitstarz and so on, it’s one of the best deposit/withdrawal methods to use online! Fast, somewhat easy and flexible especially when using a platform like coinbase where you’d be able to convert BTC to other cryptocurrencies!
Looking for a fun and reliable online casino experience? Look no further. As a frequent player myself, I can confidently say that this casino offers a top-notch gaming experience with a wide variety of games, excellent customer service, and attractive bonuses and promotions.
Alot of these Bitcoin casinos bonuses want you to deposit big Bitcoin
Bovada provides the fastest withdrawal time in BTC. It is less than 2 hours. When you deposit in Bitcoin, don’t choose the priority option when sending. The normal delivery option can be just as fast. 10-20 minutes. Even though it says 2 hours. You save more money. Cashapp has very low fees and quick transactions.
I only withdraw crypto I can’t do usd lol takes to long
I have never been able to withdraw in any other form besides crypto. It’s seriously the only way to go.
“Bitcoin is the only way to go. I mean, seriously honestly if any casino claims they’re a Bitcoin casino and doesn’t pay out that same day within a few hours, they are NOT & shouldn’t be in category of a bitcoin casino (in my opinion) also if you were claiming to be a bitcoin casino, I need to be able to deposit and play with my bitcoin, not convert to dollars or euros and play with it. I want to wager mbtc.. Of course all that is my opinions, and what I like and expect out of being categorized “bitcoin casino”
totally agree with this. 100000% it makes no sense to deposit in crypto and wager in paper.
awesome, i want more casinos integrate crypto in deposit and withdraw metods! this is the future 🙂 gl all
You guys are freakin awesome thank Hld y’all be here and such
I love playing with crypto as cashouts are super fast and withdrawals are simple without any fuss, the bonuses on offer at some of these casinos are just amazing, thanks LCB.
I love crypto casinos, so quick and easy no mess no fuss
Crypto cashouts are the best. It’s as simple as cashing out to Coinbase then transferring to your bank account instantly.
Yes I found cash app to be the way to withdraw
Saves a lot of time when cashing out ! I love the idea of casinos that play with and offer bitcoin deposits.
I like crypto casinos. I think overall it’s fast and pretty simple as far as the process is concerned.