There are numerous resources that explain what exactly cryptocurrency is, especially Bitcoin. In fact, if you can be diligent with your research, you’ll learn how big great and big of an asset Bitcoins are in regards to online gaming such as in Casinochap for example. What is strange though is that, with all the resources available about Bitcoin, it seems hard to find something that can walk you through on how to use it to play online.
Using Cryptocurrency to Bet on Casino Games
Worry no more because we got you covered! As a matter of fact, the entire process of using Bitcoin to play in an online gambling site is broken down into three simple steps which are discussed in the following:
Step 1. Create and Open Your Bitcoin Wallet
Bitcoin wallet is almost similar with PayPal. You’ll be using your credit or debit card or bank account to load money to your wallet. Then, you can use the wallet in making deposits or purchases to online gaming site the same thing you’d do with PayPal.
The difference between the two is that with a Bitcoin wallet, you can convert your money into Bitcoins to push through with the transactions.
Step 2. Funding Your Wallet
As soon as you have successfully set up your account, the next thing that you should do is deposit money and buy some Bitcoins. Keep in mind that much like with other currencies, the rate of Bitcoin fluctuates so be sure to check the rate first before finalizing your purchase.
You could choose to deposit into your Bitcoin account either via credit card or debit card. Or, you can just link your bank account directly to your Bitcoin wallet. All of these approaches work the same way so simply select the one that is more comfortable to you. There are Bitcoin wallets that might also let you deposit via PayPal or other payment channels.
Step 3. Using Your Bitcoin Wallet
By the time that you deposited money to your Bitcoin wallet, you are now ready to make deposits to your trusted sportsbook or online casino and start playing. All that has to be done is to navigate through the deposit page of the site and click on their Bitcoin option. They will be providing you with specific instructions on how you can make a deposit and that should be it!
The process should not take more than few minutes as soon as the transaction has been approved.