What is Bitcoin at online casinos?
Bitcoin is the original and most widely known cryptocurrency, and it’s accepted at a growing number of online casinos as a deposit and withdrawal method. Bitcoin transactions are fast, have no bank involvement, and for larger withdrawals can be significantly quicker than traditional payment methods.
How to use Bitcoin at a casino
You need a Bitcoin wallet (a software or hardware application that stores your crypto). Buy Bitcoin from an exchange like Coinbase or Kraken, send it to your wallet address, then use that wallet to send Bitcoin to the casino’s deposit address. The casino converts your Bitcoin to a playable currency (either fiat or keeps it in BTC). When withdrawing, the casino sends Bitcoin to your wallet address.
Transaction times and fees
Bitcoin transaction confirmation times vary by network congestion and the fee you pay. Standard confirmations take 10-60 minutes. Casino withdrawals to Bitcoin wallets are often processed faster than card withdrawals once the casino approves them. Network fees (gas fees) are separate from casino fees and paid to Bitcoin miners for processing the transaction. Always confirm the fee before sending.