Overview of Bitcoin Casino Payments in the United States

Bitcoin was little more than a mild curiosity when it took flight in 2009. Over the following year, an estimated 1.1 million BTCs were mined. However, they were virtually worthless. Things started to change with the value of a single Bitcoin crossing the $1 mark in 2011.

 

Unless you’ve been living under a rock in the Arizona desert, you’ve probably heard that Bitcoin is quite valuable these days. While the price of BTC peaked at over $64,000 in 2021, it was listed at $19,500 per coin as of October 2022. Recent estimates show tMhat around 46 million Americans own Bitcoin.

    Highlights

  • Banking Type - Cryptocurrency
  • Deposit Time - Instant
  • Withdrawal Time - Instant
  • Fees - None
  • Visit the Bitcoin website

Bitcoin Summary

Online casinos have adapted to these modern times by supporting BTC for deposits and withdrawals. In fact, some casinos only accept BTC and other cryptocurrencies. This guide will tell you everything you need to know about using Bitcoin at online casinos in the United States.

Other Casino Payment Methods

Online Casino Bitcoin US

How Does Bitcoin Work?

Getting into the nitty-gritty of the technical aspects of BTC is a massive topic in itself. To keep it simple, all you need to know is that Bitcoin is digital money that exists in the ether. It’s not a physical currency, but it is a currency nonetheless.

 

You can obtain Bitcoin by purchasing it at an exchange or mining it. You can store it in a digital wallet and use it to buy real-world goods and services. This includes making deposits and withdrawals at many crypto casinos. Make sure to check out our crypto casino reviews and bonus offers.

 

The other key thing you need to know is that Bitcoin is a decentralized currency. In other words, governments and banks have no jurisdiction over it. Bitcoin’s near-anonymous nature makes it the ideal payment option for those who value their privacy.

 

When used properly, BTC transactions are extremely difficult to trace. So, let’s go over the steps Americans need to take to purchase Bitcoin and use it for real-money online casino gaming.

 

Purchase Bitcoin

Purchasing Bitcoin is not much different from making any other purchase online. It starts with finding a website that sells it. These are called “crypto exchanges” and there are many reputable ones out there. These include:

 

  • Kraken
  • Gemini
  • Crypto.com
  • Coinbase
  • Binance

 

You first need to open an account at your chosen exchange. This is a straightforward process that typically takes less than a minute to do. You must then select a digital wallet to store your Bitcoin in. Most exchanges offer a variety of free wallets. These wallets have a private key and other security features so that you are the only one that can use it.

 

Once you have set up your digital wallet, you can then purchase your Bitcoin. Simply select BTC as the crypto you want to buy and enter the amount you wish to purchase. You can pay for your BTC using an assortment of payment options including credit/debit card, eWallets, and online banking. Once you have completed the purchase, the Bitcoin will appear in your BTC wallet, and you’re all set to go.

 

Find a Bitcoin Casino

Now that you have Bitcoin, it’s time to find a reliable Bitcoin casino. You might want to have a look at our extensive expert crypto casino reviews to help you make your choice. Not only do our reviews provide readers with loads of insight, but they also give you access to plenty of awesome crypto casino bonuses.

 

Deposit Bitcoin

So, you’ve found the perfect crypto casino, opened an account, and you’re ready to rock. The only thing left to do is make your deposit. To do this, login at your online casino and make your way to the banking section where you can select the “Deposit” option. After you enter the amount you would like to deposit, you’ll be asked to choose your preferred payment option. Simply select Bitcoin from the list and complete the transaction.

 

Unlike most fiat currency casino payments which are instant, it may take a few minutes for the crypto funds to be credited to your casino account. Once the funds become available to your account, you can start enjoying a thrilling online casino experience.

 

Withdraw your Winnings

With any luck, you will be in the enviable position of cashing out your winnings. This is where using BTC really pays off. First, go to the banking section at your crypto casino and select the “Withdrawal” option. Enter the amount you wish to cash out and then select Bitcoin as your withdrawal method.

 

After submitting the withdrawal request, the casino will process it. Some operators do this right away meaning you have access to your winnings almost immediately. In other cases, you may have to wait an hour or more if not a couple of days to gain access to it. Different crypto casinos have different withdrawal times. At any rate, your Bitcoin winnings will go directly to your BTC wallet.

Top 5 Best Bitcoin Casinos US 2022

See our list to discover the top bitcoin casinos. We have looked through all the sites to find the best crypto casinos, so you can just choose a site from the list and know you’re going to have a great experience.

Is Bitcoin safe for Online Gambling?

One of the benefits of using Bitcoin for online gambling in the United States is that it is one of the most, if not the most secure payment option. Again, we want to avoid getting too technical and keep it simple. Let’s just say that it’s nearly impossible for ne’er-do-wells to hack into a BTC blockchain. We can also tell you that BTC transactions aren’t completely anonymous and untraceable. However, they offer the highest levels of privacy when compared to other traditional payment methods like credit cards, online banking, and eWallets.

 

Pros and Cons of Bitcoin

Pros:

  • BTC transactions are safe and secure
  • BTC users often have access to bigger casino bonuses
  • BTC deposits and withdrawals are cheap if not free
  • Many Bitcoin casinos provide near-instant withdrawals
  • Crypto users typically enjoy higher deposit and withdrawal limits

Cons:

  • Many online casinos do not accept BTC
  • BTC is prone to wild fluctuations in value
  • BTC transactions are irreversible

 

Why Should I Use Bitcoin at Online Casinos?

One of the key benefits of using Bitcoin is the high level of anonymity. This is especially helpful for online casino fans who live in regions where online gambling is prohibited. Another key selling point is that Bitcoin withdrawals are the fastest way to get your hands on your casino winnings.

 

As mentioned, many of the crypto casinos we cover offer near-instant BTC withdrawals. This is because crypto transactions are peer-to-peer and don’t involve a middleman to hold up the process.

Bitcoin Casinos Review

 

Conclusion

While we pointed out that a lot of online casinos don’t support Bitcoin or other cryptocurrencies, we need to mention that the number of crypto-friendly casinos is steadily climbing. If you read some of our expert online casino reviews, you’ll find that a lot of top-tier operators support it. This means you can enjoy playing provably fair games, claim bigger bonuses, and collect your winnings very quickly.

 

FAQ

Not all online casinos accept Bitcoin. However, reading our expert crypto casino reviews will help you find the best one for you.

Yes. Anyone can make money gambling, but the reality is that most people lose over the long haul. Remember that online gambling is supposed to be a form of entertainment. Not a way to make a living.

You can be confident that any Bitcoin casino that we endorse is legit, reputable, and trustworthy. Always be sure to do a bit of research on any online casino you may want to sign up at.