A Beginner's Guide to Gambling with Bitcoin
Decentralized digital currencies use blockchain technology for fast and secure transactions. Bitcoin is one such example that is the front-runner in this economic and technological evolution, which is why it’s the preferred payment method for online casino gamblers seeking instant transactions and anonymity for their online activities.
Online casinos like Cryptowild reward players with up to 150% in bonuses and 150 free spins for their first deposits to get them started on their journey to banking mega wins. The following six steps in this guide will help you get started with your online casino journey.
Step 1: Create a Bitcoin wallet
It is essential for the average human being to know how to store, transact, and trade crypto assets in today’s day and age. To do this, all that is required is a digital/bitcoin wallet. These come in a variety, as the internet does not lack blockchain-integrated banking, trading, and storage platforms for cryptocurrencies. Knowing how to do this is helpful when navigating merchant platforms that use Bitcoin, like the Cryptowild online casino.
To create a Bitcoin wallet, you should be aware of the various types of wallets that exist so you can decide which would be most useful to your business and personal needs. There are three types of wallets available: hardware, software, and web wallets. These serve different purposes to asset holders and are thus useful in fulfilling different needs across the cryptocurrency market.
If you’re looking for physical devices to store your Bitcoin offline for higher security, then hardware wallets are the way to go. Or, perhaps, you’re looking for an application to download to your desktop or mobile device to keep your crypto at the tip of your fingers. If that’s the case, we suggest getting a software wallet from the providers later mentioned in this article. Some online casino gamblers do, however, prefer to keep their activity strictly web-based, and thus they use web wallets to keep everything in their browser.
Some popular hardware wallets you may have heard of are the Ledger Nano S, Safepal, and Trezor, and as previously mentioned, our recommended software wallets are Oobit, Coinbase, and Binance. These wallets usually have a Chrome extension or can be operated through web browsers like Safari, Explorer, Opera Mini, and Firefox for those seeking web wallets.
Step 2: Buy Bitcoin
Purchasing Bitcoin should be simple now that you have a Bitcoin wallet. All you have to do is choose where and how to buy it. There are several ways you can buy Bitcoin, which include using peer-to-peer marketplaces, a Bitcoin ATM, or a cryptocurrency exchange. Choosing any of these transactions will help you start playing online casino games on Cryptowild.
The peer-to-peer buying and selling of Bitcoin allow you to purchase your coins directly from other asset holders in the cryptocurrency marketplace. Some popular marketplaces are Binance and OKX. At these marketplaces, there’s also an option to buy and sell Bitcoin through a cryptocurrency exchange. On the other hand, the Bitcoin ATM allows you to buy and sell cryptocurrency using a physical machine.
After you've decided on a cryptocurrency exchange method, you can use your Bitcoin to fund your online casino wallet and begin playing for Mega WINS!
Step 3: Create your CryptoWild account
Now that your wallet is rich with Bitcoin, you may have to navigate around an online casino and create an account to play for wins and cashouts. However, not all online casinos accept Bitcoin as a payment method, but CryptoWild is here to solve that problem for cryptocurrency asset owners.
All you have to do is visit the website and create your account within minutes. The process will require you to provide the casino with your name, surname, email, new password, and contact number, and you’re ready to get started. Alternatively, you could sign up using your Gmail, Twitter, or Facebook account.
Now that you have an online casino account with CryptoWild, the casino allows you to test their Bitcoin slots, poker, roulette, blackjack, baccarat, and lottery games using their virtual currency, which is credited to your account when you open a game. If you are lucky, you could also get a no-deposit bonus at the online casino based on the promotions the casino is running. This bonus allows players to play online casino games for free while also having the chance to win real money.
Step 4: Deposit Bitcoin into your online casino account
Now that you have an online casino account and have used your virtual cryptocurrency to test CryptoWild games, you will need to deposit Bitcoin into your account to play for MEGA WINS! To do so, you navigate your way to the “Deposit” page and proceed with the instant transaction process.
On this page, you may have to choose Bitcoin as your payment option before inputting the amount of Bitcoin you wish to transfer on the deposit page. Your Bitcoin address will be represented by a QR code or a long string of digits and characters.
Next, open your Bitcoin wallet and transfer the Bitcoin to the address supplied by the online casino. The Bitcoin will be credited to your online casino account after it has been sent.
Step 5: Playing at the online casino
This is it! You’ve just deposited Bitcoin into your CryptoWild online casino account and are ready to start your lucky day for mega wins. And, as you should’ve learned at this point, the game section is the most readily available part of CryptoWild, as it’s on the home page with features for you to sort the games by name or popularity. And if you’re finding it hard to choose a game to play, you can always visit our blog page to learn more about the games that are available on CryptoWild.
When you're ready to place a bet, choose Bitcoin as your payment method and enter the amount you wish to wager. The wager is debited from your account balance, and the game begins.
If you make winning bets in the game of your choice, the casino will then deposit your profits into your Bitcoin account. You can then withdraw the Bitcoin to your Bitcoin wallet or keep playing at the online casino.
Step 6: Withdrawing Bitcoin from your online casino account
When you are ready to withdraw your winnings from your online casino account, you will need to navigate to the "Withdrawal" page on the website. On this page, you will need to select Bitcoin as your withdrawal method and enter the amount of Bitcoin you want to withdraw.
You will then be asked to enter your Bitcoin address, which is the address of your Bitcoin wallet. Once you have entered your Bitcoin address, the online casino will process your withdrawal request.
It is important to note that some online casinos may have withdrawal limits or fees for Bitcoin withdrawals. Be sure to read the terms and conditions of the online casino before making any withdrawals.
Conclusion
Using Bitcoin for online casino gambling is becoming increasingly popular due to its speed and anonymity. By following the steps outlined in this guide, you can easily set up a Bitcoin wallet, buy Bitcoin, and use it to play at online casinos such as CryptoWild. Remember to always do your research and choose a reputable online casino that accepts Bitcoin as a payment method
Enjoy your gambling journey.