Bitcoin is the original cryptocurrency that allows trading without detouring through third parties or even government taxation. Since 2011, when Bitcoin stabilized and became a more serious form of banking, some casinos have started offering banking options to support cryptocurrencies. Some online casinos have gone as far as being an exclusive Bitcoin casino, while others have only taken up Bitcoin and other cryptocurrencies as another banking method they support.
Top Australian Bitcoin Casinos
Benefits of Crypto Currency Payments
Bitcoin casino games are perhaps one of the biggest trends in the iGaming industry. Initially, financial advisers doubted that Bitcoin would be as successful as it is now. When Bitcoin taught all the doubters of a better and opened Bitcoin casinos to trading, our experts decided to review these Bitcoin online casinos. Players can find many online casinos that accept Bitcoin and other cryptocurrencies, but we suggest to be careful and play at online casinos from our list of recommendations.
If you sign up to a reputable online casino where all payments are possible in cryptocurrencies, you should expect the following benefits.
FAST AND SECURE ONLINE PAYMENTS
Payments in Bitcoin and other cryptocurrencies are considered one of the fastest online banking transactions among Australian players. Crypto companies invest a lot in unbeatable security systems. Your payments in cryptocurrencies are protected by systems that cannot be hacked and you have the guarantee that the funds will not be seized by third parties.
Another great advantage of Bitcoin casinos is the ability to perform and play transactions in complete anonymity. Players are not asked to provide personal information or bank details. In addition, their game progress is also held private so that nobody will find out which games and in which casinos you play.
Cryptocurrencies are a completely different option than payments with real money and also the tax system is different. Many banking providers levy taxes and the amount can vary from a few dollars to really big sums. However, no bank fees are usually incurred for deposits and withdrawals in Bitcoin.
Serious online casinos are increasingly focusing on promoting the use of cryptocurrencies for deposits and withdrawals. For this reason, they offer special bonuses or other promotions when making a deposit with cryptocurrencies. Be careful of extensive welcome bonuses that are paid out in Bitcoins or other popular cryptocurrencies.
DEPOSITS AND WITHDRAWALS
Deposits and withdrawals in Bitcoin (or other cryptocurrencies) are more flexible as online casinos place fewer requirements. If your chosen casino is crypto-friendly, you just need to sign up to a player account as usual and choose Bitcoin as the main currency for your new account. Don't worry, all usual discounts - such as the welcome bonus - will be available.
The rule of thumb is that withdrawals in Bitcoin are easier and faster. It may take up to a few hours for the first payment to be processed, but later your transaction will be executed immediately. You can also benefit from the fact that many online casinos use payout limits unless payment is made in cryptocurrencies. To be sure, you should always check the terms and conditions to know what advantages you have.
What is Bitcoin? A Brief Introduction
Many people still wonder what Bitcoin is exactly. How did it emerge and how did it become a widely accepted banking method in online casinos?
Bitcoin is a virtual currency in its core, which is decentralized and is not regulated by third parties or central and bundesbanks. It is a currency that exists outside the framework of the normal banking channels. Anyone using Bitcoin or other cryptocurrencies enjoys complete anonymity, all personal data are protected, and no national taxes are charged on the transactions at the online casino. It is estimated that there are currently more than 28.5 million bitcoin wallets worldwide.
Since its introduction, Bitcoin has been considered with a lot of scepticism, but has steadily increased in value and use, and is now considered one of the fastest and most convenient payment methods offered by casinos in Australia. It's no surprise that many online iGaming sites now offer full bank support to Australian players who want to make deposits to Bitcoin or other popular cryptocurrencies.
Bitcoin Pokies and other Casino Games
When you play at an Australian Bitcoin casino, you have access to all the same table games and online pokies you are used to. Bitcoin betting sites have collaborated with the same software providers that other online casinos have, which means that players who place their bets on a Bitcoin casino have access to the same games as anywhere else. But since cryptocurrencies have become so popular, some of the best casinos have started to offer a special area with Bitcoin Pokies - and of course, these are only available to players who made their deposits using this banking method.
Furthermore, whether you are using an iOS, Android or Windows smartphone or device, you can access the best Bitcoin casinos through their mobile apps or internet browsers. Just like regular online casinos, most Bitcoin casinos have an instant play option or offer the ability to play in the browser so it is not necessary to download software to play Bitcoin games. All you need to do is register, make your first deposit in cryptocurrencies and play!
Your online casino gaming experience is guaranteed the same when you play on your mobile devices. The games offered are exactly the same you would expect on your desktop computer. You look the same and feel the same gameplay you have saved in your favorites.
Steps for registering a Bitcoin Casino
It wouldn't be so many people using Bitcoin if it would be difficult in any way to set up an account and become a regular player at a Bitcoin casino. Fortunately, registering a Bitcoin account is as easy as setting up any E-wallet. Follow our simple steps and you will play in one of the best Bitcoin online casinos in no time.
- Step 1: The first step is to visit a bitcoin website line bitcoin.org and set up a so-called bitcoin wallet. There are many different types of Bitcoin wallets, such as software, online or hardware. We recommend you to look at the different advantages and disadvantages of any kind to find out which one is most suitable for you. Bitcoin.org has a very good description for any type of wallet so you should not have any problems choosing the right one for you and creating your wallet.
- Step 2: Once you have set up your wallet, you can get Bitcoins to deposit them in it. You can purchase Bitcoins directly from friends or relatives, have them exchanged by a bank or visit a reputable Bitcoin dealer and buy them yourself. The most popular and reliable way is through online stock exchanges like Mt GoX.
- Step 3: Now that you have Bitcoins in your wallet, you just need to find a BTC Casino or an online casino that accepts Bitcoins. All you need to do is make a deposit to your casino account by selecting Bitcoin as payment method and following the instructions. You'll be able to play in a few minutes.
Tip: We recommend that players familiarize themselves with Bitcoin and using cryptocurrencies in online casinos to avoid possible financial problems in deposits or withdrawals.
Frequently Asked Questions
Definitely. There are several Bitcoin online casinos in Australia that now fully support Bitcoins as payment method. In addition, a number of the best online casinos Bitcoin have taken up as one of their many supported banking options.
The technical part of Bitcoin is that it will be “geminted” from different computers around the world. These computers essentially process the daily transactions of Bitcoins and generate the BTCs themselves. Once a Bitcoin is gemint, it is added to the Bitcoin network and is available for circulation. Bitcoin also has a special upper limit, which means there are not infinite bitcoins. The ceiling is 21 million, which is apparently reached by 2140 at the earliest.
Deposits and withdrawals are the area where Bitcoin casinos really shine. Bitcoin deposit or withdrawal is expected to be released immediately when online banking. Indeed, this is by far the fastest and most reliable banking method?
Bitcoin wallets require log-in data or, in case of hardware, the actual physical device on which the Bitcoin wallet is stored. Physical devices make hacking much more difficult, and even online bitcoin wallets are backed up by the best SSL encryption software used by Australian online casinos. In short, your Bitcoin wallet should be very safe as long as you follow the normal security procedures.
Since there is no middleman, the banking costs for Bitcoin gambling are very low. The best Bitcoin casinos in Australia keep transaction fees lower than traditional banking methods.
A cryptocurrency is a term that has been specially designed to describe what Bitcoin is. This is an online currency that is not regulated by a central bank or government. Since the introduction of bitcoin, many other cryptocurrencies have been created, which are now in direct competition.
Bitcoin is a digital currency that can be used to shop online on accepting websites. Bitcoin is not regulated or controlled by a central bank or government, allowing people to pay anonymously. Bitcoin is likely to be used because it allows you to transfer money without having to switch on an intermediary or a bank.