Bitcoin and gambling: is there a relationship between the two? The answer is yes, there is. As of 2022, thousands of people are gambling online using cryptocurrencies, with Bitcoin being the most popular of the bunch.
Although it may sound like an alien concept to you if you’re a beginner in the cryptocurrency realm, gambling with Bitcoin is actually pretty easy – all you need to do is follow the steps detailed below. So, as soon as you’re ready, let’s dive into the details.
Step 1: Find Online Casino Games That Accept Bitcoin
Here’s something important that you need to know: not all online casinos accept Bitcoin. Right now, only a select few do. We recommend this website as a place to start.
As the future unfolds, it’s forecasted that more online casinos will start to accept Bitcoin as a form of gambling currency. When you take into account the current buzz surrounding Bitcoin, it’s highly likely that this will happen fairly soon.
Step 2: Make Your Deposit
After joining an online casino that accepts Bitcoin, you will then need to make your first deposit. To do this, you will need to select your Bitcoin wallet and transfer your desired funds from there.
After doing this, your Bitcoin will be safely stored within your online casino account, ready for you to use whenever you feel like playing.
Step 3: Start Playing
After you’ve made your initial deposit, you can then start playing!
When it comes to Bitcoin gambling, some of the most popular games are:
- Video poker
The amount of Bitcoin you wager is entirely up to you, but you must abide by the minimum amount listed by the online casino you’re using. For example, it might be 0.5 BTC.
Step 4: Take Advantage of Bonuses
When gambling in an online casino that accepts Bitcoin, you will likely encounter lots of different bonus offers.
Example: ‘Deposit 1 BTC and receive 20 free spins on the slots in return.’
The key is to find bonuses that are of genuine high value. When you do find these kinds of bonuses, take advantage of them! After all, casino bonuses are essentially freebies that come with zero risk and no catch.
What Happens If You Win?
If you keep winning at Bitcoin online casino games, you might naturally want to withdraw your Bitcoin winnings. When this is the case, all you need to do is head over to your online casino account and choose the withdraw option. From there, you will then have to fill out some details before your Bitcoin can be transferred to your digital wallet.
Is Gambling with Bitcoin Safe?
Yes, gambling with Bitcoin is 100% safe. Right now, there are no specific laws that regulate Bitcoin gambling. What this means is that it is neither officially allowed nor legally prohibited.
Until there is some form of regulation, online casinos will be allowed to keep going ahead with Bitcoin gambling. And, even if rules are introduced, Bitcoin gambling would still likely be allowed to continue!
Have fun and play responsibly!