With the advent of technology, the modes of payment online have also improved. While talking about the online gaming sites, they have become more aware and alert about the cyber-crime and the safety of the player’s money. In order to keep the money transactions complete safe and secured, online casinos have come up with the option of Bitcoin. Yes, this is the newest method of making payments and today, you will see sites that are totally dedicated to Bitcoin. This entire exchange of digital currency is known as cryptography.
However, these latest techniques have not been able to attract all. It is simply because the older generation and many others have still not understood the working of such technique and remain stick to the traditional payment methods. Thus, if you are one of these who is still wondering about how this digital currency and methods work then you must read this article further.
Steps to Use Bitcoin Correctly
Create a Wallet
To start with; you will first have to create a Bitcoin wallet. This wallet will enable you to send and receive the payments similar to PayPal. You must know that this Bitcoin account is your personal account through which you can make the payments without disclosing any of your details or other information. In addition to this, you can have two kinds of Bitcoin wallets including the desktop wallets and web-based wallet. The desktop wallets are required to be installed on your desktop, as it is software while the web based wallets are a much convenient option. Rest, it is entire your personal preference to choose whichever type suits you the best.
After you have created the wallet, it is the time to load coins into it. As an account holder of Bitcoin, you will be given a personal Bitcoin address, with which you can easily sell and buy. In addition to this, there are different options to get your Bitcoins loaded. The first option is using your own wallet to buy Bitcoins directly through it. Bitcoin exchanges are the exchange services through which you can trade different currencies for Bitcoin. The example of one such service is BTC China or Bitstamp. You can load Bitcoins through over the counter also. You can buy coins from other users directly upon a pre-agree price. When it comes to find the best traders, you can browse through the internet for it. The best option is Bitcoin ATMs. If you have a Bitcoin ATM near you then you can simply use your credit card to load Bitcoins.
Depositing Bitcoins in an Online Casino
If you are now thinking about the method to deposit Bitcoin in the casino then it is again an easier task. The entire depositing process is very easy to understand and perform. The best part is that this method is same in almost every casino. Thus, once you have understood it, you can use it anywhere. To start with, you will first have to make your account at the online casino that you have chosen and then confirm your email address for verification.
After signing up, you need to find the deposit menu and choose the option of Bitcoin as your currency. You will then have to copy the Bitcoin address of the casino and then open your Bitcoin wallet to select the ‘send money’ menu. After clicking the Bitcoin address, you will be directed to the payment screen. Now, just fill in the amount and make the payment.
Therefore, it can be concluded that Bitcoin is the safest and secured option to make the online transactions.Read More