Bitcoin Bonanza: Want to Use Cryptocurrency for your Online Casino Deposits, No Problem!
Crypto is fast entering the mainstream as a way to pay and receive funds across all sectors, so it’s not surprising that more online casinos than ever before are accepting cryptocurrency as a way to deposit funds into and withdraw funds from a player’s account.
‘Cryptocurrency’ is actually an umbrella term that covers many different digital currencies. These include – but aren’t limited to – Bitcoin, Ethereum, Ripple XRP, and Litecoin. Most online casinos will now accept payments in at least one or two different cryptos, if not a comprehensive range.
Keep reading to find out more about using crypto for your online casino deposits, the pros and cons of using this payment method, and a list of online casinos in the UK that are already accepting Bitcoin.
Bitcoin at Casinos in the UK
Many online UK casinos now accept Bitcoin, as well as many other types of popular cryptocurrencies. Here’s a list of some of the best casinos in the UK where you can use Bitcoin to deposit into and withdraw from your player account:
- Hyper: New members can access a 100% match-up bonus up to the value of £100 on the first deposit made into their player account.
- All British Casino: Offers a 100% match-up welcome bonus up to the value of £100 plus 10% cashback.
- Fun Casino: Has a 100% match-up bonus on first deposits up to the value of £123.
- AHTI Games: Offers new players 50 free spins.
- Energy Casino: Features a range of welcome bonuses for new members.
- Sloty: Gives newly signing up members 300 free spins plus a 100% match-up bonus up to the value of £100.
- NetBet: 500 free spins offered once a first deposit has been made.
Each of these casinos is licensed and regulated by the UK Gambling Commission and must therefore remain compliant with its rules and with all relevant legislation.
Some casinos specialise in transacting via Bitcoin, such as 7Bit, which offers players a dedicated Bitcoin games section that features a range of great options. It has an excellent VIP program, making it a tempting proposition for those wanting to fund their gambling with this particular cryptocurrency.
Bitstarz is another online casino that incorporates – as its name suggests – an array of games, especially for players using Bitcoin, while Red Dog is an excellent choice for those using crypto who want to try their hand at the Blackjack table.
How to Make a Casino Deposit Using Crypto
It’s super easy to make a deposit using crypto at the online casino that accepts this payment and withdrawal method. Firstly, though, you will need to be the registered user/owner of the crypto account and have set up a crypto wallet and funded it as necessary.
To make a deposit at your chosen online casino, simply click on the payments page and choose the type of crypto you’re using from the list of offered payment methods. That’s it! The funds will be instantly debited from your e-Wallet and added to your casino account, so you’re all set and ready to play your favourite games! You should see the funds debited from your e-Wallet within one day.
Advantages of Using Crypto to Make a Casino Deposit
There are lots of benefits that come with using this payment method to fund your player account. Firstly, speed: transactions are instant, so your funds will be available in your casino account to use straight away,
Secondly: security. Your bank details will never be shared with the parties you’re paying, as the payment is processed via an encrypted e-Wallet. This protects your privacy, too. Not to mention the fact that, in the vast majority of cases, online casinos don’t levy any additional charges to pay in or withdraw using this payment method.
Finally, there’s the convenience: you can use your e-Wallet to make a payment wherever you are in the world; as long as there’s an internet connection, you’re good to go.
The Downsides of Using Crypto as a Way to Pay
There are a couple of things to bear in mind if you wish to deposit and withdraw into and from your casino account using cryptocurrency. While, as a payment method, it’s being increasingly accepted, not all online casinos currently offer it – this is likely to change in the near future, though, with more casinos getting on board with crypto virtually every day.
It’s also important for players to be aware that fluctuations in crypto exchange rates can be significant, which can affect your real-terms payout if you’re lucky enough to score a big win.
How to Choose an Online Casino that Accepts Crypto
There are some key things to consider when choosing a new online casino. Once you’ve checked that the establishment accepts crypto, next check its license and regulation status. In the UK, gambling institutions – both on and offline – need to have a license from the UK Gambling Commission to operate legally. The presence of this overseeing body means that players can be assured that the casino is complying with all the necessary regulations and legislation and is a credible, trustworthy platform.
Have a look at the bonuses and promotions on offer (though read the small print and terms and conditions regarding these, which can affect your ability to withdraw any funds you win as a result of making the most of these offers) as well as the nature of the customer service.
You may also wish to check out the responsible gambling tools that the casino offers to help you keep your gambling within the limits that you’re comfortable with. These can include the facility to set deposit and/or loss limits on your account and to set reminders that pop up to let you know how long you’ve spent on the site to prevent time running away from you.
Finally, it’s wise to find out whether the site has minimum deposit and withdrawal amounts and if these are the same in relation to crypto as compared to other payment methods.