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Guide to Bitcoin Online Casinos in India

Bitcoin has become one of the preferred payment methods in the world, including at online casinos. At first, people were sceptical about bitcoin but now, the cryptocurrency has gained momentum to become one of the top banking options online.

In this bitcoin review, we show you how you can easily make deposits and withdrawals at online casinos that accept bitcoin. We also share with you, the online casino bitcoin advantages.

What Is Bitcoin?

Bitcoin is a cryptocurrency. This virtual electronic currency allows you to make transactions without the need of a bank. Once you have Bitcoins to use, you will then be able to use your bitcoins to make deposits and withdrawals at online casinos and buy products online.

How to Make Bitcoin Deposits at Online Casinos

Making deposits using bitcoins is a very easy process. What’s more, Your funds will appear in your account instantly. You must ensure that you have enough bitcoins in your wallet before initiating a deposit. On the cashier page of your prefered online casino, click on "deposit" and on the sub-menu that will open choose Bitcoin as your preferred payment method. You will then be required to enter your bitcoin address and the amount that you wish to deposit. Please note that your Bitcoin address is the set of numbers and letters that you use in order to identify your account.

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Bitcoin Casinos: What to Check First

There are a lot of rogue casinos online. Therefore, it’s important that you check for some important information first before you sign up:

  • You need to check if the casino is licensed and regulated
  • The online casino must make use of high-security systems
  • Random number generators must be used at the casino to ensure games are fair
  • There should be great bonuses and promotions, both for new players and for existing players
  • The casino must offer a plethora of online casino games
  • Bitcoin must be one of the payment methods accepted

Advantages of Using Bitcoins at Gambling Sites

There are many advantages to playing at online casinos that accept bitcoin. These include, but are not limited to the following:

Bitcoin Is Decentralized

First, you are the only person who has control over your cryptocurrency, which means no one else can take or freeze your crypto account. In addition, bitcoin transactions are very fast. This means there is no need to wait for days before your funds appear in your account. The same applies to bitcoin withdrawals as well.

Bitcoin Is Anonymous

When you make transactions using bitcoin, your identity remains anonymous. For this reason, bitcoin is said to be pseudonymous as you can make transactions using a pseudo name.

Bitcoin Is Global

In order to use bitcoins, you only need a working internet connection. Moreover, it doesn’t really matter where in the world you are, you can make deposits and withdrawals using bitcoin fro anywhere.

Bitcoin Transfer Fees are Low

Normally, the transaction fees are determined by the bitcoin network traffic. For every bitcoin transaction that you make, you will be charged US$0.05. Excitingly, the fee remains the same no matter the amount that you transact, which comes as an advantage if you are transferring large amounts.

Is Bitcoin Gambling Legal?

Placing bets at online casinos or sportsbooks using bitcoin is legal. However, you will see that some online casinos or territories prohibit betting with bitcoin. Therefore, it’s important that you check this information before you sign up.

Is Bitcoin Safe To Use?

Bitcoin uses high-end security systems, which means it’s safe. However, the safety of bitcoin will also depend on your safety habits. We strongly suggest that you play at a reliable bitcoin casino. Speaking of which, you should always make sure that you research and make sure that you choose a top online casino before signing up.

Are There Any Commission Fees?

Making transactions at online casinos using bitcoin means that there are no banks involved or any other third parties. For that reason, there is no extra payment anywhere else. However, you will find that some casinos charge processing fees for bitcoin transactions. Therefore, you should always check the casino’s terms and conditions first before initiating a deposit. At the same time, it should come as a relief that the fees are very low and usually, lower than all other payment methods on the market.

Are There Bitcoin Casino Bonuses?

All online casinos, including bitcoin casinos, offer bonuses and promotions to punters. If you are a first-time player, you will receive a welcome bonus. As you keep returning to the casino, you will be treated to other bonuses such as free spins on new slots, deposit bonuses, reload bonuses, cash backs, and many more.
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