The boom of cryptocurrencies such as Bitcoin, Dogecoin and Ethereum in recent years has meant that there is now an ever-growing number of online casinos accepting cryptocurrencies as a form of payment. We are happy to state that here at SportsandCasino, we accept deposits in the form of Bitcoin (BTC). We will even reward you with greater welcome bonuses if you decide to make a deposit using your Bitcoin.
This short guide will instruct you on how you can easily purchase cryptocurrencies online. We will then talk you through how to make a casino deposit using Bitcoin as a payment method.
A Short History of Cryptocurrencies
For those of you who are unaware, a cryptocurrency is simply a digital currency which can be used to buy goods and services online. The most famous of which is Bitcoin. Created in 2009 by Satoshi Nakamoto, a name presumed to have been created as a pseudonym by the person who developed Bitcoin, there are now hundreds of different cryptocurrencies which can be purchased and traded on cryptocurrency exchange platforms such as Coinbase. The main advantage of most cryptocurrencies is that they provide the user with completely private transactions. Credit cards and e-wallets leave a paper trail but when making payments with cryptocurrency you can remain completely anonymous.
Opening a Crypto Wallet and Buying Cryptocurrency is Simple
You shouldn’t think that buying a digital currency such as bitcoin is too difficult for you. In truth, cryptocurrency has never been easier to purchase. You can purchase bitcoin and other crypto using your debit or credit card at a 100% safe and secure crypto exchange platform. If you would like to purchase Bitcoin, simply follow the steps below to do so or you can read our complete guide to setting up a Bitcoin wallet. Open up an account at a cryptocurrency exchange platform such as Coinbase, Binance or Kraken.
In order to buy digital currency on the platform, you will need to provide proof of identification such as an up-to-date picture of your passport or driving license.Once your proof of identity has been confirmed, you can purchase Bitcoin and other digital currencies using your preferred payment method. Once you have completed your purchase, your cryptocurrency will be held in a secure wallet. You can then use your wallets identification code to make payments using your cryptocurrency.
Making a Bitcoin Casino Deposit
Once you have purchased Bitcoin, you can now make a deposit using Bitcoin into your online casino account. The process is just as simple as making a casino deposit using any other casino deposit method. Follow the steps below to make a casino transaction with Bitcoin at SportsandCasino: Simply head over to the cashier section and select Bitcoin as your chosen payment method to make a deposit. Once confirmed, your deposit should arrive instantly into your casino account.
Advantages of Depositing with Cryptocurrency
Although there are now several different cryptocurrencies in the casino marketplace, we always advise our players to deposit using Bitcoin as it is the largest and most secure digital currency available. The advantages of using Bitcoin include increased security, convenience, (you can make Bitcoin deposits from anywhere in the world as long as you have a secure and stable internet connection) and privacy (no banks or governments are involved in the process, making all of your Bitcoin transactions completely private).
With SportsandCasino, you will receive better bonuses when you make a deposit with Bitcoin too!
Make a Bitcoin Deposit and Get a 500% Deposit Match Bonus
Bitcoin is one of our Preferred Payment Methods. This means that if you make a deposit using Bitcoin, we will reward you with a spectacular 500% deposit match bonus. There really is no downside to playing your favourite casino games with Bitcoin!
Staying Safe with Cryptocurrency Casinos
Buying cryptocurrency was once something only tech geeks could get their heads around. However, in 2021, anyone with just an ounce of tech knowledge can easily go online to purchase a plethora of different cryptocurrencies. Just make sure to only sign up to licensed crypto currency exchange platforms. CoinBeast is a fantastic comparison website you can use to compare and pick the best platforms which allow you to purchase cryptocurrencies. Although there remains some stigma surrounding cryptocurrency, we would just like to encourage you to embrace the potential of digital currencies. With that being said, it always pays to do your own research too. There is no small amount of information available online regarding the likes of Bitcoin and as each day passes, a greater number of people are coming alive to the fact that digital currencies are here to stay, so it is better to get on the boat whilst it is still ashore!