Home / Best Gambling tips and tricks in crypto casino / Classy Gambling: The Basics of Bitcoin Depositing

Classy Gambling: The Basics of Bitcoin Depositing

It’s no longer a secret that the fast-paced evolution of mobile gambling leads to the emergence of brand-new ways of making deposits at the online casinos you like. It is believed that more than half of all undertaken Bitcoin transactions are linked to online gambling. The question is why the people are so fond of gambling with this encrypted coin? Well, maybe it’s because Bitcoin has a competitive advantage over the rest of depositing methods. Let’s have a closer look at the vast array of available methods.

Deposits in BTC

First and foremost, we have to admit that Bitcoin can outperform other depositing methods, as it really has a distinctive edge – anonymity. Whereas this is not about the unconditioned anonymity, there are now many sites that will tumble you crypto coins to obstruct them from being traced. Nevertheless, stay mindful when selecting the website you can entrust your money to, as the Web is full of scammy platforms.

Another upside of Bitcoin depositing is that you don’t have to use any credit cards or IDs to confirm the transaction, meaning your personal data will remain safe and sound. Thus, you won’t fall a victim of identity thieves and won’t receive any unwanted materials through the post either. Amazing, huh?

No Intermediaries

Bitcoin also enables you to deposit money on your favorite casino without anyone’s intervention. This is a peer-to-peer network on a basis of blockchain – a decentralized public ledger. So, to make a deposit, you will only need a Bitcoin wallet and the number of the casino’s wallet. What makes this method good is the fact that such transactions are fee-free compared to PayPal and other payment methods.

In addition to that, due to the cut-out of middlemen, the speed of Bitcoin transactions is da bomb! In my experience, my cryptocurrency is usually transferred to my casino account before I actually switch from one browser tab to another. However, there’s a small disadvantage – the lack of buyer protection. If the money has not reached your casino account, chances are it is lost forever. To avoid this inconvenience, you should always double-check the casino’s address and carry out a careful study of the crypto casino before making any deposits.

Making deposits with Bitcoin, you can also fully stay on top of the amounts you decide to gamble with. Here’s when you feel the absolute freedom of choice, being able to bet as little or as much cash as you wish. This is surely an upside over SMS-depositing through your cell phone. Compared to other payment methods, the real thing about Bitcoins is that it’s not that easy to get hold of them.

Alternative Methods

As of now, Bitcoin is competing with 4 main ways to deposit into a mobile casino. They are:

  • Credit / Debit Cards
  • E-Wallets (Skrill, Neteller, PayPal, and Ecocard)
  • Ukash Vouchers
  • Mobile Billing

Let’s delve into the details.

Credit Card / Debit Card

In general, we’ve had a positive experience of making deposits by means of payment cards. The only precaution you should undertake when using your card online is to check the casino’s reputability and make sure it’s safe to share your personal details with it. Of course, payment cards will free you of potentially effort-consuming Bitcoin acquisition, but the withdrawals are sure to steal more time from you.

Electronic Wallets

The major advantage of E-wallets is the buyer protection that comes with involving a middleman. This type of services usually applies a small fee for the pleasure of handling your funds and safeguarding it from unpredicted loss. Bitcoin cannot boast of the same level of protection; however, it does not involve any third parties and the transactions speed is literally out-of-this-world. It’s not easy to decide whether to opt for Bitcoin or e-wallets, but if you’re on the lookout for the most immersive experience – Bitcoin is a #1 suggestion.

Ukash Vouchers

The only pro we can report about Ukash vouchers is the fact you don’t have to pass down the details of your payment card (either debit or credit) to a gaming spot when willing to deposit some cash. Basically, Bitcoin offers the same anonymity; so, what’s the point of using Ukash vouchers when you can deposit quicker and easier with the crypto assets? Makes sense, right?

Phone Billing

Honestly, this is the topmost depositing method so far! It’s a fast and easy way to top up your account in a crypto casino of your taste. It may seem the earthy heaven and it really is to a certain extent, except for a tiny nuance of maximum deposits imposed. This necessarily means that you cannot exceed the deposit limit. In case you’re a big spender, BTC might still the ultimate option for you. Plus, if you’re an owner of a mobile bitcoin wallet, this depositing method is a win-win solution for you.

Final Word

When it comes to depositing at a mobile gaming venue, Bitcoin surely has something interesting to offer. The listing of its undeniable upsides over traditional methods starts with a second-to-none speed of anonymous transactions and finishes with fee-free monetary operations. Unlike PayPal, Bitcoin does not imply buyer protection, which is a disadvantage so far. In addition to that, some bitcoin casinos offer a truckload of other extras, for example, the lower house edge and rake backs. Although we regard phone billing as the most uncomplicated depositing method, Bitcoin is a great alternative! Plus, it nowise limits you – feel free to deposit as much as needed. Enjoy the classy gambling!

Check Also

How to Come By Bitcoins

Since its official release back in 2008, Bitcoin has been gradually etching its market share. …

Leave a Reply

Your email address will not be published. Required fields are marked *