What is Bitcoin?
The term “bitcoin” refrs to both a virtual currency unit and the payment system that allows it to be exchanged. Bitcoins were created in 2009 by Japan’s Satoshi Nakamoto. This virtual currency has the characteristic of being decentralized: it is not controlled by any central authority. Its use is also anonymous because the bitcoin accounts are linked to pseudonyms, and not to real identities. Transactions are, however, all recorded in a public register deemed unfalsifiable called the “blockchain”.
What are the advantages of bitcoins?
Bitcoins offer many advantages for casino players. The transactions are very fast, and they take place in complete anonymity. Be aware, however, that the best Bitcoin casinos in France check the identity of their customers, for security reasons. Bitcoins are also interesting because payment fees are generally quite low. They can also be used to make payments at a casino site, and to withdraw winnings.
How to pay with Bitcoin?
To start paying with Bitcoin, you must first download a “wallet”, the software that will allow you to accumulate your bitcoins and make payments. Several companies now offer excellent wallets, such as Mycelium, Copay and BreadWallet. Then you will need to feed your bitcoin wallet using one of the payment methods offered. Then, once at the cash desk of your casino, simply click on the Bitcoin icon and indicate the address of your wallet. And that is all !
Can we deposit money on a casino with bitcoins?
Yes of course ! The whole thing is to find an online casino that accepts bitcoin. At the time of payment, all you need to do is choose bitcoin, and let yourself be guided. You will have to indicate the address of your wallet, without making mistakes of course, and indicate the amount which you wish to deposit. The money will be paid into your casino account in minutes, and you can start playing real money at your favorite game.
Is bitcoin accepted by many casinos?
No. Bitcoin has not yet truly democratized, and it is accepted by few casinos and online shops. However, this should change in the coming years: Bitcoin is becoming more and more popular and should be supported by a growing number of casino operators. In the meantime, if you are looking for an online casino using Bitcoin, check out our selection of casinos: you will find excellent gambling halls where you can turn your bitcoins into tokens and earn real money. You can also opt for an electronic wallet, like Neteller or Skrill, and feed it with your Bitcoin wallet.
Is bitcoin a reliable payment solution?
Yes, Bitcoin is an extremely reliable payment system. To pay with bitcoin, all you need is the address of your wallet: you do not have to enter your details or your bank details, and you do not risk the theft of funds or personal data . This anonymity is very appreciable!
Do we have to pay fees?
In general, online casinos do not charge fees on deposits and withdrawals, whether you use bitcoin or any other form of payment. However, some wallets take commissions on the transactions: find out from the company you have chosen to know how much these commissions are. But rest assured: they are usually very weak.
Is it possible to withdraw casino winnings in bitcoins?
Yes, of course, on casinos that accept bitcoins. Withdrawals are just as easy as deposits: once at the cash desk of your casino, click on the “bitcoin” icon, indicate the amount you want to withdraw with Bitcoin, and enter the address of your wallet, taking good take care not to make typos. Then you just have to wait! According to the bitcoin casino sites, the wait can be longer or shorter. In the best case, withdrawal requests are approved within 48 hours. Know also that all operators set a minimum withdrawal amount, usually between 50 and 150 dollars.