Bitcoin Casinos

Since it was set up in 2008, it has been gaining popularity online and now it has millions of users all over the world. However, as far as using bitcoin at an online casino in South Africa is concerned, few accept it as a payment method. Here, we describe the process involved with withdrawing using bitcoin at an online casino as well as answer some of the FAQs.

How easy is Bitcoin to use?

Bitcoin has skyrocketed in value, but it is entirely an online currency. When starting out using bitcoin on a casino site, it is important to understand and distinguish between the different types of bitcoin wallets. Online wallets are recommended for beginners using bitcoin as a casino payment method.

By doing this, your bitcoins will be stored by the third party online and backed up on cloud-based storage. For those more knowledgeable about bitcoin, using software wallets is suggested as you can store these entirely on your computer. Hardware wallets are advised for more advanced players. They are the most secure method and require specific software.

How to sign up to an Online Casino using Bitcoin

When it comes to signing up using bitcoin as a casino banking method, the setup process can vary depending on which wallet you choose.

In most cases, you can set up a bitcoin wallet following these steps:

👉 Step 1: Sign up using your email address and a secure password. Of course, be sure to read the terms and conditions before you register.
👉 Step 2: Create an address from which you can send and receive bitcoins. There will then be a ‘request address’ button, so choose this option.
👉 Step 3: Buy bitcoins. You’ll need to purchase bitcoins with fiat currency. This is regular, non-digital money and you’ll have to do this before you can use your wallet to make casino deposits

Using Bitcoin

How to make a deposit using bitcoin

Playing using bitcoin at an online casino will vary from one site to another and you need to ensure you understand if there are any fees attached. Depositing bitcoin at a South African online casino will normally go like this:

👉 Step 1: Select currency. At the payments page, select bitcoin as your chosen method.
👉 Step 2: Wallet address. You will be given the online casino’s wallet address in the deposit section and you will need to use that to send money from your wallet.
👉 Step 3: Reference code. You will then be given a reference by the casino to identify your deposit.
👉 Step 4: Confirm amount and deposit. Simply enter how much you want to deposit and confirm the transaction with bitcoin. Make sure you are aware of the maximum limits set by casino for deposits

How to make a withdrawal using Bitcoin

Before withdrawing using bitcoin at an online casino, you may want to contact the online casino’s customer service and talk to them about making a withdrawal. Once you have done that, here is the process for withdrawing funds:

💰 Wallet details: The casino will require your crypto wallet details, so it knows where to move the funds to.
💰 Funds deposited: The casino will then move the money directly to your wallet. The online casino will then have to do this manually.
💰 Check fees: Sometimes, there are fees incurred for withdrawing using bitcoin at an online casino.

Is Bitcoin a widely used payment method?

Bitcoin is still a less common banking method at casinos, so check that a crypto casino is fully licensed and regulated before you deposit.

Where to find casinos that accept bitcoin?

While using bitcoin at anonline casino is still relatively scarce in South Africa, it is important to choose the right casino for you. They will be fairly easy to spot online as they will be licensed. The licence number and governing body’s logo will be contained on the site. The UK’s best bitcoin casinos will be sure to have a significant games library and there will also be player-friendly terms, which you will need to read before you commit to a particular casino.

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