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| Bitcoin Online Casinos Guide | Online Casinos Using Bitcoin |
Joined: 11 Mar 2006
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Location: Gambleville
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Bitcoin is quickly becoming a popular currency in the online gambling world. Many online casinos and online poker sites are already using Bitcoin for deposits and withdrawals, and I suspect they will all be using it soon. Bitcoin is a valuable tool to gamblers because you can cashout small amounts starting at $100 with no fee. I have prepared this Bitcoin Online Casino guide to help those who are looking for more information about using Bitcoin for deposits and payouts at online casinos. There is also a list of USA online casinos that are currently using Bitcoin and their Bitcoin deposit limits, Bitcoin withdrawal limits, Bitcoin payment times and weekly limits.
What is Bitcoin?
Bitcoin is a virtual or digital currency used on the internet. Some people call Bitcoin a commodity. Wikipedia defines Bitcoin as follows: "Bitcoin is a digital asset and a payment system. The system is peer-to-peer and transactions take place between users directly, without an intermediary". In other words, Bitcoin is electronic cash that you can use to send money to your friends or to pay merchants (like online casinos). Bitcoin is stored in a “wallet”, like a digital bank, and you will need a wallet to deposit with Bitcoin. There are several great Bitcoin wallets including Coinbase.
Some people view Bitcoin as a way to move beyond the restrictions of traditional banking, and a way to have more control over your own money. In some circles, Bitcoin and blockchain technology are a way of life and a philosophy that people believe will change the world for the better. They also believe Bitcoin and cryptocurrency can help protect individuals from inflation and the folly of their own governments.
How does Bitcoin Work?
Fortunately for most of us, Bitcoin can be used without understanding all the technical details. A simple explanation about blockchain technology and about how Bitcoin works can be found here: Explain Bitcoin Like I am 5 Years Old - "How Bitcoin Works".
Bitcoin Questions and Answers:
Post your Bitcoin questions below in the comment section.
Important Information about Bitcoin:
Bitcoin allows you to exchange money in a way that is different than traditional banking, so it is important to take the time to understand Bitcoin before making any large transactions. Bitcoin is a currency, or a commodity depending on your views, and the price of Bitcoin is volatile which means a bitcoin can go up or down in value over a short time period. Bitcoin is a new currency that is experimental and still being actively developed. Please take the time to inform yourself. Contrary to popular belief, Bitcoin is not anonymous. All bitcoin transactions are stored publicly, so you need to make an effort to protect your privacy.
Creating and Funding a Bitcoin Wallet - How to Deposit at an Online Casino using Bitcoin:
First, you need to create an account with an online wallet. There are several good companies to choose from such as Coinbase. You can purchase Bitcoin from your wallet provider and then use that to fund your casino accounts. It is very important to secure your bitcoin wallet, just as you would the wallet in your purse or back pocket. You can also purchase and trade Bitcoin on exchanges such as Gemini Exchange. (Gemini is a licensed digital asset exchange and custodian located in the USA. Buy, sell, and store digital assets such as Bitcoin in a regulated, secure, and compliant manner.)
Mobile Bitcoin Deposits:
To make a mobile deposit, go to the casino cashier and make a Bitcoin deposit. The casino will give you a bitcoin address or QR code to which to send your Bitcoin. Open your Bitcoin wallet app, such as Coinbase, and then send Bitcoin to the address the casino provided.
How to cashout and withdraw a payment via Bitcoins. How to request a Bitcoin Payout:
Enter the amount you wish to withdraw in the bitcoin withdrawal section of the casino cashier and your valid Bitcoin address. Remember to generate a new bitcoin address for each Bitcoin transaction from your Bitcoin wallet. Some casino cashiers may redirect you to login to your Bitcoin wallet to check out. Ensure the details you have entered are correct, once the transaction has been processed by the online casino they are unable to retrieve the funds. Please be discrete and do not disclose the nature of your activity to your wallet provider.
USA Bitcoin Online Casinos - USA Online Casinos that use Bitcoin for deposits and withdrawals
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Free Bitcoin deposits and withdrawals.
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Bitcoin Deposit Limits $10 - $2500; Bitcoin Withdrawal Limits: $100 to $2,500 max per week;
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Free Bitcoin Deposits & Withdrawals France, Canada, and Most US States Welcome!
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Bitcoin Withdrawal Time: 2 business days; Bitcoin Deposit Time Up to 10 minutes
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Bitcoin Deposit Limits $10 - $2500; Bitcoin Withdrawal Limits: $100 to $2,500 max per week
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Bitcoin Deposit Limits $10 - $2500; Bitcoin Withdrawal Limits: $100 to $2,500 max per week
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Free Bitcoin Deposits & Withdrawals Most US States & Canada Welcome
Bitcoin Deposit Limits $10 - $2500; Bitcoin Withdrawal Limits: $150 to $2,000 max per week;
Bitcoin Withdrawal Time: 2 business days
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Free Bitcoin Deposits & Withdrawals Most US States & France Welcome
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Liberty Slots Casino $15 No Deposit Bonus Code: 15FREELS Some US States excluded.
Free Bitcoin Deposits Min: $10/Max: $2,500 per transaction
Lincoln Casino $15 Free Chip, No Deposit Bonus Coupon Code:15FREELC Some US States excluded.
Free Bitcoin Deposits Min: $10/Max: $2,500 per transaction
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Last edited by TDTAT on 26.04.2024, 06:19; edited 23 times in total
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| Coinbase and Bitcoin |
Age: 57
Joined: 24 Feb 2006
Posts: 283
Likes: 140
Location: Idaho
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I found the best app and wallet for Bitcoin is Coinbase. I am posting a link for it. This is the one that allows you to fund and withdraw from your credit cards and bank account and is really fast for getting money in and out of casinos and to your bank! Enjoy and Good luck NoLuckers!
https://www.coinbase.com/join/leighr1967
 
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Happy Gaming All!! Leigh
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Age: 56
Joined: 28 Apr 2010
Posts: 15160
Likes: 17802
Location: Reno,Nevada
4287173.00 NLN Dollars
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Does anybody know if i deposit with bitcoins , can i play in the tournaments as long as i don't take a bonus ? Thanks for any help. 
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Joined: 11 Mar 2006
Posts: 103645
Likes: 49267
Location: Gambleville
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shirlsplay, Hi there. I think bitcoin is just like any other deposit method in regards to how and what you can play with it. You would have a US dollar cash balance of $50 or $100 or whatever to play as you wished. 
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Age: 56
Joined: 28 Apr 2010
Posts: 15160
Likes: 17802
Location: Reno,Nevada
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ok thanks .. I think I might take the plunge and try bitcoins.. I'll let you know if I do.
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Age: 69
Joined: 23 Mar 2008
Posts: 4985
Likes: 6529
Location: OTTAWA
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This is good to know. Sometimes with some of the foreign casino sites it is difficult to find a way to deposit. Some credit cards here block you from using them on casino sites.
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Age: 57
Joined: 24 Oct 2007
Posts: 1752
Likes: 911
Location: Minnesota
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I have signed up for bitcoin, but still have yet to use it. It seriously confuses me.
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Age: 49
Joined: 18 Apr 2017
Posts: 14641
Likes: 17524
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Sometimes bitcoins can be very overwhelming for first time buyers. I suggest read up on the dos and don'ts so that you will know how to before you actually try. Coin base is what i use and they will shut your account down if you use the bitcoins for gam bling. Be careful what ever you use and good luck.
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| (No subject) |
Joined: 07 Aug 2009
Posts: 2122
Likes: 2790
Location: Georgia
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I use bitcoin from 'Coinbase' for all my casino deposits. I even transfer from my wallet, right there at 'Coinbase' and they have never said a word about it!
My advice (for what it's worth, $0.00) would be;
Do not transfer any casino winnings from the casinos, payment processor's wallet to your 'Coinbase' wallet. Get another wallet somewhere else, Localbitcoins.com, blockchain, etc........ and send it there.
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| (No subject) |
Joined: 11 Mar 2006
Posts: 103645
Likes: 49267
Location: Gambleville
3377321.10 NLN Dollars
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« debidug » wrote:
I use bitcoin from 'Coinbase' for all my casino deposits. I even transfer from my wallet, right there at 'Coinbase' and they have never said a word about it!
My advice (for what it's worth, $0.00) would be;
Do not transfer any casino winnings from the casinos, payment processor's wallet to your 'Coinbase' wallet. Get another wallet somewhere else, Localbitcoins.com, blockchain, etc........ and send it there.
Thanks for the suggestion!
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Joined: 07 Aug 2009
Posts: 2122
Likes: 2790
Location: Georgia
1157955.00 NLN Dollars
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By the way,  at all these 'Bitcoin' casinos!
 for a USA gambler .........
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Age: 49
Joined: 18 Apr 2017
Posts: 14641
Likes: 17524
4337454.00 NLN Dollars
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The problem i have with buying bitcoins are the fees , can get expensive.
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Joined: 11 Mar 2006
Posts: 103645
Likes: 49267
Location: Gambleville
3377321.10 NLN Dollars
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« Cat50 » wrote:
The problem i have with buying bitcoins are the fees , can get expensive.
For casino use, I would make a small $10 Bitcoin deposit so I had the option to withdraw via bitcoin if I wanted. I would then use my credit cards for other deposits to avoid the fees, although most CC companies charge a foreign transaction fee such as 5%. Then if I managed to win and cashout via Bitcoin, I would use gyft.com to purchase gift cards for the stores I shop at so Icould avoid any bitcoin exchange fees. I would leave a small amount in Bitcoin for future deposits. Now if I had a large cashout, I would most likely want cash so I would have to take a small hit on the exchanges to get the cash.
If you do a lot of shopping online, or at walmart, amazon, ebay, or any of the other places that gyft.com sells gift cards for, I think that is a good way to cashout Bitcoin without incurring fees or dealing with exchanges.
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Joined: 11 Mar 2006
Posts: 103645
Likes: 49267
Location: Gambleville
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BTC Blockchain Fork Scheduled for August 1st (UAHF) Bitcoin
This is not financial advice, it is just our personal take on the upcoming fork:
« TDTAT » wrote:
We are not Bitcoin experts. People who have a lot of money stored in Bitcoin should consider their options. Bitcoin has been rising dramatically in value over the last few months, but no one knows what will happen on August 1st. This is what cho says about the potential fork.
From cho: "As of Aug 1st it could cause the currency to crash nobody knows. It sounds like some body wants to make a major change to the algorithm of blockchain to increase its availability which would decrease its value. As a result coinbase and I'm assuming most other wallets are protesting that change to protect the value of bitcoin causing the currency to split into two. I think the split currency will be worthless while the original will likely retain value."
Email from Coinbase, a leading Bitcoin Wallet site:
Dear Coinbase Customer,
We are contacting you to make you aware of recent developments in a number of proposals for technical changes to Bitcoin. All BTC stored on Coinbase will remain safe during these events described below.
The User Activated Hard Fork (UAHF) is a proposal to increase the Bitcoin block size scheduled to activate on August 1. The UAHF is incompatible with the current Bitcoin ruleset and will create a separate blockchain. Should UAHF activate on August 1, Coinbase will not support the new blockchain or its associated coin.
The User Activated Soft Fork (UASF) is a proposal to adopt Segregated Witness on the Bitcoin blockchain and could result in network instability. It is scheduled to activate at the same time as the UAHF.
To ensure the safety of customers’ funds, we will temporarily suspend BTC deposits, withdrawals, and buy/sell starting approximately 4 hours before activation of either fork.
If you do not wish to have access to UAHF coins, and do not wish to access your BTC during the fork, you are not required to take any action.
If you do wish to have access to UAHF coins or access your BTC during the fork, you should send your BTC from Coinbase to your external address by July 31.
For more information on these potential Bitcoin forks, please refer to this article:https://support.coinbase.com/customer/portal/articles/2844217-uahf-uasf-faq.
Thank you,
Coinbase Team
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Age: 34
Joined: 15 Sep 2017
Posts: 6
Likes: 15
Location: Moscow
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bitcoin is a convenient thing definitely
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