A Beginner’s Guide on How to Get Started with Bitcoin Gambling

One of the main advantages of gambling with Bitcoin is the possibility to claim your winnings without any delays. If you wish to learn more about this topic, we recommend reading this article. But if you are looking for Bitcoin casinos with the fastest payouts, check our listing page with top-rated brands, tested and approved by our team.

Since its introduction in the late 2010s, Bitcoin has revolutionized the world of online gambling. It was regarded as a novelty for many years, reserved only for tech-savvy users. However, BTC has slowly but surely become mainstream in many markets around the globe.

Trustworthiness, increased safety, anonymity, and small fees are some of the main benefits of playing at Bitcoin casinos. Thanks to these, online gambling sites that support cryptocurrency are gaining more and more popularity.

In this article, we’ll introduce you to Bitcoin and learn how it works. We’ll also explain how to use Bitcoin at online casinos, and discuss why it’s a good idea to use this crypto for gambling.

Getting Started with Bitcoin

To use Bitcoin, you have to buy it first. However, before buying this cryptocurrency, you’ll need a wallet to transfer your funds to. There are three types of wallets you can get.

  • As its name suggests, online wallets are stored online on third-party servers.
  • Software wallets are stored on your desktop or laptop computer. If you choose this type of wallet, remember you must back it up yourself.
  • Lastly, you have hardware wallets, which typically come as a USB device. Although backing up is carried out manually, hardware wallets offer increased safety compared to their online and software counterparts.

You buy Bitcoin in an “Exchange”. To make sure everything goes smoothly, we suggest choosing only those exchanges listed on the BTC digital currency’s official site.

Then you need to transfer your funds from the exchange to your wallet, making sure the Bitcoin address formats are compatible.

After buying Bitcoin and transferring your crypto funds, it’s time to join a Bitcoin casino – the fastest payout brand is Bitstarz, with under 1-hour payouts with no verification required.

How You Can Use Bitcoin at Online Gambling Sites

You have completed all the steps mentioned in the previous section, and now you’re ready to start enjoying games at a reputable Bitcoin gambling venue. Using your Bitcoin address, you must add funds to your casino balance.

The deposit process is instant and doesn’t incur additional costs. However, the blockchain must confirm the transaction, which takes only a couple of minutes. After the funds are transferred to your account, you’re good to go.

Let’s break down the process to see how it works:

  • Go to the Cashier section of your online casino and choose Bitcoin as your means of payment.
  • Enter the sum you wish to deposit. Typically, this amount is given in either BTC or euros.
  • Scan the generated QR code to complete the transaction.
  • The deposited funds should appear in your account within a few minutes. That’s it; you can start placing bets at your Bitcoin casino.

How to use Bitcoin for Faster Payouts

Winning is, without a doubt, the most exciting part of every casino experience, and the best part is that you can claim your money almost instantly with Bitcoin. The process takes more time than the deposit, as your casino must carry out checks and verifications.

You can keep your Bitcoin safely stored in your wallet during this period. Typically, it shouldn’t take long to cash out your winnings, especially if you choose one of our recommended Bitcoin casinos. In that case, you can expect to receive your money within an hour!

Once again, we’ll break down the entire process step by step:

  • Visit the casino’s Cashier section.
  • Choose withdrawals and pick Bitcoin as your payment option.
  • Enter the amount of money you plan to withdraw.
  • Finally, provide the address of your wallet to which your winnings will be transferred.

Reasons to consider – or not – gambling with your Bitcoins

Gambling with Bitcoins has numerous advantages, but you should also be aware of potential challenges. Understanding associated risks is vital before deciding to use this digital currency for wagering on online casino games.

Many Bitcoin casinos don’t carry out account verifications or any other identity checks like the other fiat-based gambling platforms do. As a cryptocurrency, Bitcoin operates on a decentralized network, and transactions have a higher level of anonymity. Keep in mind that some sites can still implement KYC procedures, particularly for more significant deposits and withdrawals.

Some Bitcoin gambling sites offer better bonuses compared to their fiat-based counterparts. The main reason for this is that cryptocurrency transactions generally come with less risk for the gambling site. Since many players choose their online casinos based on the offers they provide to their new and existing players, these bonuses can be an incentive to pick a platform supporting Bitcoin.

Problems You Can Encounter while Gambling with Bitcoin – and How to Solve Them

You may encounter specific problems while gambling with Bitcoin. It’s time to discuss these issues and see how to address them to help you make the most of your gambling experience.

High volatility / increased fees to purchase BTC / transfer

Bitcoin is known for its high volatility, meaning its value can significantly fluctuate over short periods. As a result, you can suddenly make substantial gains but also suffer equally significant losses. An effective risk management strategy can provide much-needed help. These include setting win and loss limits, which can minimize the impact of Bitcoin’s volatility on your bankroll.

Increased fees for purchasing BTC can also pose a challenge. Carrying out transactions when the network is less congested can help you reduce them. Using layer-2 scaling solutions can speed up your transactions and make them cheaper.

Network congestion may cause transfer delays, leading to slower deposit and withdrawal times. Unfortunately, the solution to this problem is not ideal, as it involves attaching higher transaction fees. But it will get the job done.

Casino accepts BTC for deposits but not for withdrawals

It’s not common for online casinos to accept Bitcoin for deposits but not for withdrawals, but this practice may occur.

In that case, some casinos will offer alternative options for cashing out. The best course of action is to choose an altcoin, provided you have a compatible wallet. The casino may even offer the option to convert your balance to other fiat or digital currencies to ensure you get your winnings.

Your wallet has a different BTC address format than the casino accepts

  • If your Bitcoin wallet has a different address format than what the casino accepts, it’s essential to address this compatibility issue.
  • If your wallet supports multiple address formats, you can adjust it to match the casino’s supported format.
  • If that’s not possible, you may want to use a different wallet. Some wallets have tools that allow users to switch between different address formats. That way, you can convert your Bitcoin address to the desired format.

I mistyped the address and the BTC didn’t arrive

If you’ve mistyped a Bitcoin address and the transaction hasn’t gone through, it’s important to note that Bitcoin transactions cannot be undone. Unfortunately, there’s nothing to be done.

The minimum deposit/withdrawal is higher in BTC than in other cryptos

Differences in minimum deposit and withdrawal amounts for cryptocurrencies, including Bitcoin, are common among online gambling platforms. Make sure you’re familiar with the minimum deposit and withdrawal amounts beforehand. You can always consider alternative cryptocurrencies or choose other platforms whose policies suit your preferences.

Top Alternatives to Bitcoin

There are plenty of other digital currencies that have emerged as alternatives to Bitcoin, each with its unique features. In our opinion, here are the best ones you can use for online gambling instead of Bitcoin.

It’s easy to see why Bitcoin Cash is regarded as an excellent alternative to BTC. It’s very similar to Bitcoin, with the main difference being a larger block size. As a result, this cryptocurrency offers faster transaction times and significantly lower fees. If you prefer the Bitcoin network and desire faster transactions and lower costs, Bitcoin Cash is the perfect solution.

Although Litecoin and Bitcoin share the same blockchain, the former functions on a lesser scale. In practice, it means Litecoin has a smaller capacity, meaning it is generated considerably faster and in more significant amounts. Sure, Bitcoin is worth more, but these features make Litecoin a more suitable option for gamblers looking for a great BTC alternative.

Tether maintains its value around the dollar mark, hence the name USDT. The two main advantages of this cryptocurrency are its stable value and reliability. This is particularly useful when dealing with Bitcoin’s high volatility. Tether did fluctuate in the past, but it managed to keep its promised value.

Bottom Line

To sum it up, when gambling with Bitcoin, careful attention to wallet details is imperative. Ensure accuracy in providing the correct address and utilizing the appropriate type of (BTC) address within your wallet. Using private wallets is undoubtedly the safest method for crypto gambling, offering enhanced security and control.

It’s crucial to note that not all trading platforms accept Bitcoins originating from identified gambling addresses. That’s why selecting a reliable and compatible platform, together with adhering to best practices in wallet management, becomes vital for a smooth and secure gambling experience.


  • Is it safe to gamble using Bitcoin?
  • Are there any fees in Bitcoin deposits/withdrawals?
  • Whats the best Bitcoin wallet for online gambling?
  • Is it complicated to exchange BTC for FIAT currency?

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