Before we start I want to point out that I don’t really like to play with Bitcoin or any other crypto currency for that matter. But I had a lot of requests for instant withdrawal Bitcoin casinos, so I had to come up with a list.
This wasn’t an easy task for me. I had to do a lot of research in order to get it right. I managed to create this guide about Bitcoin casinos as you asked, and I will also tell you some things about Bitcoin slots sites as well.
- Jun 15, 2020 So, to make an instant withdrawal at the online bitcoin casino, you should follow these steps: Open your account and find the option “Withdrawal”; Select the withdrawal method. Most contemporary online casinos support not only bitcoin but other cryptocurrencies; Specify the amount of money you want.
- Most withdrawals will get from A to B in minutes. What is the maximum amount withdrawable from a crypto casino site? The amount a punter can deposit at an online cryptocurrency casino will vary depending on the policy of the operator. However, using Bitcoin as an example, on average, a player can withdraw between three and five BTC in a transaction.
When you request a withdrawal, Bitcoins are sent from your online casino account to your Bitcoin wallet address. Withdrawals are usually processed immediately and you should get your Bitcoins within 12 hours. In most cases, you don’t have to pay any extra withdrawal fees.
Bitcoin Casinos With Instant Withdrawal
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What is considered an instant withdrawal?
When we talk about instant withdrawals we have to get one thing straight. The term may be instant but in reality this is not the case. In most cases once you make a withdrawal request it’s processed by a member of the casino payment team. This means that the withdrawal and your game play needs to be manually checked before the payment is released. It’s very rare to have your withdrawal processed automatically and instantly at online casinos. This is done only in cases when you play with a pure deposit and your game play is not flagged as suspicious by the casino software.
So in most cases instant withdrawals are the ones which are processed within a couple of hours. But when it comes to a Bitcoin casino with instant withdrawal things are a bit different. In many cases even the deposit can take up to an hour to arrive on your casino account. This is so because the transaction needs to be confirmed on the blockchain at least once. Some casinos require 2-3 confirmations or even more. So, a Bitcoin casino instant payout feature is simply not possible. Even if the withdrawal is released immediately it will take some time for it to be confirmed on the blockchain and to arrive on your wallet.
Why do casinos delay payments?
Even at quick withdrawal Bitcoin casinos players can run into problems when it comes to payouts. This can be due to several factors. If you’re playing there for the first time the online slot site will need to verify your account, so you need to send in your documents. The payout timeframe can also depend on the type of crypto currency you are using. And last, but not least, you could be playing at a scam site so your withdrawal may never arrive.
Are instant withdrawal Bitcoin casinos safe?
The first thing I need to point out here is that there are 2 types of instant withdrawal Bitcoin casinos you can play at. Some operators can pay you your winnings through their platform and others will send them directly to your Bitcoin wallet. So it’s better to get your coins safely in your wallet, so you can do with them what you please.
When it comes to security it’s basically the same like for any other online casino. When playing at instant withdrawal Bitcoin casinos you need to choose reputable operators. This can be easily seen by their operating license. If you’re playing from the UK the casino will need to have a valid UKGC operating license. You can also easily check the casino rating across different gambling forums.
Nothing speaks for a casino as honest opinions by real players. So when you come across some Bitcoin casino which you like do your research. See what players have to say about them, what their operating license is and check their overall reputation across gambling forums. If you like what you see you can create an account and try your luck on the casino games.
The digital coin was the first form of digital cash to enter the market when the era of cryptocurrency came along. Launched in 2008, BTC was not very popular, and only a few people associated with its development saw its value. Things changed when the cryptocurrency sphere began making waves as the demand for electronic cash grew. It is the digital coin that set the stage for others such as Litecoin, Ripple and Ethereum.
A few years after its entry into the market, people were using BTC to shop and pay for various services online. BTC is a decentralised currency, meaning that there is no involvement of an intermediary such as a central bank. This trait made the virtual currency a preferred mode of transaction for people who want to maintain anonymity. It’s why casinos are slowly but steadily adopting it as a payment method. As you play online roulette, you can capitalise on the benefits of cryptocurrencies by paying with BTC. This guide has bit more information about the digital coin and how you can use it when transacting at internet casinos.
How Do Bitcoin Roulette Casinos Work?
A BTC casino works the same way as a traditional fiat platform except that when it comes to banking, it gives you the option of paying with the digital coin. We hopped across different casinos that accept BTC to bring you this comprehensive review. Bitcoin roulette casinos are in two categories. One is the conventional roulette site that offers BTC as an alternative to the standard payment methods like credit cards. The other is a roulette casino that transacts exclusively in cryptocurrency, including BTC. What you choose is a matter of preference. We found the fiat and digital currency casinos more practical because you have an option if for some reason you can’t transact with BTC.
Bitcoin roulette casinos are just as reliable and diverse as their fiat counterparts. They provide secure platforms where customers can deposit and withdraw funds without trouble. You need a wallet to store your digital coin before using it online. Once you have the wallet and the funds you need in BTC, you can pay at your favourite casino. Go to the payments page of the gambling site, pick the Bitcoin option, and you will receive a prompt to transfer money to the casino’s wallet. Follow the instructions and deposit the funds. Cryptocurrency transactions are instant. Withdrawals are just as simple. The game variety doesn’t change just because you pay with bitcoins. You can play European, American or your choice of live roulette games.
Recommended Roulette casinos with Bitcoin
In our search for Bitcoin casinos, we found ourselves on several popular and not-so-popular platforms. Some roulette sites allow direct Bitcoin transactions. However, with others, customers have to deposit their electronic cash in a virtual wallet such as Neteller then send funds to the casino. Here are three of our top casino picks:
Netbet – In 2016, this casino became the first UK-licenced operator to accept BTC. Netbet partnered with Bitpay to provide players with the option of cryptocurrency deposits and withdrawals. BTC transactions are permitted for the Netbet casino and sports betting. The roulette casino has an extensive gaming selection as well, which is why we loved spending time on it.
Eurogrand – Although it is among the smallest platforms that we played on, Eurogrand is impressive when it comes to payment methods. Currently, the casino doesn’t accept BTC payments directly, but it has a long list of virtual wallets and prepaid cards. You can deposit your BTC in one of these banking methods then use it to fund your player account at Eurogrand.
888 – At the moment, 888 does not let players pay with bitcoins directly. However, you can opt for the other available banking methods to deposit or withdraw from your account. You can load your digital coin on a prepaid card or virtual wallet and pay the casino. As one of the biggest roulette sites in the sector, 888 might not be far from allowing BTC transactions.
Where can I get Bitcoins?
You can purchase the cryptocurrency from a BTC exchange where you can switch out regular currency for BTC. Ensure that you use a reputable cryptocurrency exchange to avoid scams. BTC ATMs are other resources that you can use to change traditional coins to the digital currency. Besides exchange, you can accept payment in terms of BTC online for goods or services.
About Bitcoin
The digital coin sprung up in 2008, just after the banking crisis. It was the creation of an anonymous figure called Satoshi Nakamoto. The idea behind BTC was to give people more autonomy with their currency without the interference of the government. The coin operates on a blockchain technology where every transaction is recorded into a ledger. Once a transaction occurs, it is irreversible. This ledger is public, meaning that anyone can make changes to it. Because the technology runs on a peer-to-peer system, it offers a unique level of security.
Advantages of Bitcoin
- Maintain anonymity of your online transactions
- Instant deposits and withdrawals
- Secure
Disadvantages of Bitcoin
- Highly volatile currency
- Hacking risks
- Restricted transactions in some regions
FAQ to Bitcoin
a. Do I have to open a BTC account?
Yes, an account or online wallet is necessary to transact with the cryptocurrency. This account is where you will send payments from and receive funds. You can have a BTC wallet on your mobile device for easy transactions.
b. Where can I find the value of a Bitcoin?
The value of BTC fluctuates according to market performance and other factors. Casino customers must keep up with BTC value, so they know how many coins to deposit or withdraw. You can check the current price of the digital coin online. BTC news sites usually have updated information about the worth of the currency.
c. How can I deposit at Bitcoin roulette casinos?
Go to the casino’s cashier page and select BTC as the payment option. Get the address of the casino BTC wallet and transfer money from your BTC account.
d. Do roulette casinos pay out with Bitcoins?
Yes. Roulette casinos that let you pay with bitcoins will allow withdrawal through the same means. Check with a specific roulette site regarding any regulations on cashing out using BTC.
e. Is Bitcoin safe?
Bitcoin is one of the safest payment methods you can use at roulette casinos. The lack of a bank or third-party service reduces the amount of risk you are exposed to, such as fraud. You also don’t have to fret about providing your financial information at casinos.