Bitcoin is a new digital form of cash. More specifically, Bitcoin is a decentralized currency and payment network that uses an advanced peer to peer technology to operate without any banks or types of central authority.
The network manages and issues all transactions collectively. Bitcoin is an open source with a completely public design. Everyone can take part in bitcoin but no person or entity owns or controls bitcoin. Bitcoin has many unique properties that allow for rapid transactions. This includes ‘One Confirmation Deposits’ and ‘Fast Withdrawals’ as well as a multitude of invigorating uses. Other payment methods do not feature any of these uses.
The wait for your deposits to clear and company’s to send you your money is over, thanks to Bitcoin. Withdrawals can be made promptly if you have placed a deposit and then won. You can purchase dollars, Yen and many other currencies using Bitcoin. A very similar process is used by Litecoin.
Gambling with Bitcoin
You already know about online gambling, and you know about Bitcoin. BUT, do you know that the two have been combined to bring you double the fun from these two thrilling technological developments.
The online gaming world is rapidly changing, not just the excellent 3D games and live dealer tables that players from around the world enjoy, but the various payment methods and currency options available when making deposits and withdrawals. Life is now much easier, faster and potentially also more lucrative. This all requires just a slight adaptation on your part.
Making the switch from credit card to bitcoin payments will make things faster and much more secure. You may find that your winnings could prove to be even bigger than before.
What is Bitcoin gambling?
You may be relieved to hear that there is not a huge difference between gambling with Bitcoin and playing with standard government-issued currency. The difference is entirely in the payment method and the speed at which payments are processed. Rather than using your credit or debit card to pay for something it is more like buying something in a cash-only market or shop.
There are so many obvious benefits to this. Firstly, deposits and withdrawals are practically free. Casinos may require a nominal processing fee when gambling with bitcoin. In comparison to other major credit card companies, it is a very minimal fee. Chargebacks are almost impossible and this makes bitcoin extremely safe to use along with the processing speed of payments. Lastly, there is no incriminating paper trail. The system is completely transparent and you are not able to see any personal data. This leaves your security and privacy intact. You are however able to see where the payments originate from.
Its obvious as to why so many players have already made the switch over to gambling websites offering Bitcoin payment methods.
Litecoin is another strain of blockchain Technology. Similarly to bitcoin, Litecoin is also a peer-to-peer cryptocurrency. It enables instant, near zero-cost transfers to any part of the globe.
Bitcoin Gambling sites
Not all gambling sites require registration, You can deposit your bitcoins right away, no sign-up needed. This creates an anonymous account without verification, just your public address. Get started right away and all the new bitcoin you win will be sent back to you.
Here are some of the most popular Bitcoin gambling casinos:
How to make a deposit with Bitcoin to play at online casinos NZ?
To make a deposit with Bitcoin to play at Bitcoin casinos NZ first you need to have bitcoins. So to play at Bitcoin casinos you obviously need Bitcoins and the easiest way to get them is through a bitcoin exchange. So how that works is:
- Create a wallet at the bitcoin exchange: All you need is a verifiable email address to get started.
- Once you’ve selected and signed up for an exchange, you can begin buying or transferring money to your exchange bank account.
- Once money is deposited, you can choose to ‘Buy’ or ‘Trade’ the bitcoins,. The pricing will always vary depending on supply and demand.
- Once the bitcoins are purchased, you can transfer your bitcoins from the bitcoin exchange to your wallets.
There are different methods through which you can purchase bitcoin. Also, there are many currencies you can use to buy bitcoin from different exchanges. After buying bitcoins you will be allowed to use them anywhere you want and enjoy anonymity and safety. Another thing is that you can exchange your bitcoin into fiat currency through any of your selected bitcoin exchanges online.
Now that you have got bitcoins in your wallet to make a deposit becomes easier.
- Log in to your casino account and click on the Cashier tab.
- Then select Bitcoin in the Deposit menu.
- Click Copy Address button to copy Bitcoin address provided, which you need at Coinbase or any exchange.
- Alternatively, scan the QR code with your mobile if you use a mobile wallet for your crypto.
- Open a new browser tab and go to Coinbase or any exchange where you have bitcoins. Sign in to your account and click on the Send button at the top of the page.
- Enter the desired deposit amount and paste the Bitcoin address (copied from online casino) into the recipient (To:) field.
- Select Pay with Bitcoin before hitting Send button.
- Next, review the transaction and hit Send now. Optionally fill in verification details before hitting Confirm to complete.
- Your funds will appear in your casino account momentarily. You are now ready to play pokies or casino game of your choice after making your first deposit via Bitcoin!