When you first get introduced to the world of cryptocurrency gambling things may appear a bit confusing.
However, you shouldn’t worry about it as we are here to help you.
We are going to talk about Bitcoin in this article but the process is similar no matter which one you use.
You may have already read about Bitcoin online but we are going to provide you with a full-fledged guide on how to get started with Bitcoin gambling.
Find out why you should play online with Bitcoin at online casino here>>
Why you should use it and how to invest in it as well as some advice that can help you maximize your winning when playing in an online casino.
What Is Bitcoin And Why Should You Use It To Gamble?
Bitcoin is the first cryptocurrency to have ever been created.
It launched back in 2009 with a value of zero and now 8 years later a new record has been made as one bitcoin is equivalent to about 11,000$ US.
But what was the deal all about?
Satoshi Nakamoto which is the name of either the team or sole creator of the cryptocurrency wanted to find a way to make online transactions fast, anonymous, and without paying big fees.
This is where gambling gets in the game.
Using Bitcoin to gamble is slowly becoming a must.
We don’t mean that it is mandatory to use it in any way possible but it comes with some pretty good advantages alongside.
How To Get Started With Bitcoin Gambling
The very first thing you have to do is to get a cryptocurrency eWallet (digital storage for your bitcoins) or acquire a physical device.
The latter option is also the safer of the two.
There are currently various good choices in the market.
Be that as it may, we are going to present you the 3 best ones.
- Ledger Nano S
- The KeepKey
Ledger Nano S
The Nano S is the latest product from Ledger and it absolutely is the best option if you can’t spend more money than 80-85 USD.
That doesn’t mean that it isn’t an excellent choice.
It features a small screen and physical buttons so you can check a transaction’s details and authorize it before sending the money over.
The device is relatively small and subtle looking so that it doesn’t catch strange looks.
It is shaped like a USB stick and is made out of premium materials such as brushed stainless steel and high-quality plastic.
Next up is the TREZOR which looks more like a car key than an eWallet physical device.
It is sold for about 100$ but it couldn’t be worth its price anymore.
It supports more cryptocurrencies than the Nano S and it is even more secure as there is a retrieval and a lockdown process in case you lose it or it gets stolen.
It features a small screen and physical buttons as well.
It is constructed of premium class materials as well.
Last option (and also our personal favorite) is the KeepKey.
The price is a bit high as it costs about 130$.
It has similar options and features at the previous two eWallets but the screen is substantially bigger and the materials far better.
The case is made out of anodized aluminum and the front is out of polycarbonate.
A 3.12” screen decorates the front of the device.
When it comes to safety, well, let’s just say that it couldn’t be any better.
Forget what you knew and get ready for a new era.
With your KeepKey, you can create a sentence made out of 12 different words.
These are the ones you will use in case something goes wrong and you don’t have KeepKey at your disposal anymore.
However, if you want to use smaller amounts of Bitcoin in your transactions then you don’t need to spend money on a physical device as most of the exchanges from which you can purchase cryptocurrencies will provide you with a free digital eWallet.
Just as with the physical devices we are going to present you three of the best options when it comes to cryptocurrency exchanges.
Known as the biggest cryptocurrency exchange on the planet.
You can use it to purchase or sell Bitcoin, Litecoin, and Ethereum.
In order to make a transaction, you only need to input your credit/debit card or bank account details select the amount you want to exchange and then you will be asked to provide your eWallet address.
If you have none you can create a free one through Coinbase.
This is a cryptocurrency exchange on steroids. We say that because of the variety of available ones offered.
Bitcoin, Litecoin, Ethereum, Iota, Dash, Monero and tens more.
On top of providing you a free eWallet, they will also offer you a suite of tools full of useful analytics to help you with your investments in Bitcoin and cryptocurrencies in general.
Operating on Bitcoin, Ethereum, Dash, and Litecoin.
You can use various banking methods to purchase Bitcoin or any of the other available cryptocurrencies.
Just as most other exchanges a free eWallet is offered as well.
Know finding out the process of how to get started with Bitcoin gambling should be nothing but a walk in the park.
How To Pick An Online Casino
There are some key points you have to remember when looking for a new Bitcoin-accepting casino to start gambling on.
User reviews will often give you more realistic insight into how the site works and acts towards its players than the way reviewing sites present the casino.
You should always choose a licensed and regulated by an official organization casino.
Having games certified as being provably fair is also a big plus when it comes to such platforms like an online casino.
ECogra certification is the best credential a site can have.
Pick an online casino that does offer good bonuses but not extreme minimum wage requirements.
How To Deposit Money Into Your Account
When you first visit an online casino you will see a register or sign-up button.
You will be asked to provide a username and a password.
After you have completed the registration process you will go to your account’s dashboard.
You will see a section called “Funds” or “Deposit” or anything of that sort.
Click on it and you will be asked to either deposit money through your eWallet or just link it to the account so you don’t have to repeat the whole process every time you want to fill up your available funds in the casino.
After that, you will get the welcome bonus which will either be applied automatically, provided you have made the necessary minimum deposit.
Pick a game you like and start playing.
Just so you’re, many major online casinos will display the minimum and maximum bets you can play with, in each game.
Even though Satoshi is the smallest denomination of Bitcoin you will probably bet in increments of mBTC, one thousand of which is equal to 1BTC.
Some casinos like Bitkong, for example, offer the option to bet with bits which are even smaller as one million of them compose 1BTC.
Gambling can be exciting when using real currencies but when using Bitcoin both the fun and the potential winnings increase on a great level.
Now that you know how to get started with Bitcoin gambling you are all good to go out there and start winning some cash but make sure to start now as Bitcoin’s value is currently on a rise.