Bitcoin Casino are those that include Bitcoin as a mode of payment. Bitcoin is the new mode of digital payment where Bitcoins, a crypto currency, is sent from one electronic wallet to another. This mode of payment is normally signed using security certificates just to ensure that the transaction has been successfully completed. Every person within this network will be able to see the transaction, since it’s usually documented within the block chain – a publicly accessible ledge. This is as far as one can view the transaction and sensitive information such as your name and personal information cannot be seen.

The three pieces of information in a Bitcoin transaction:

When you’ll be carrying out a Bitcoin withdrawal from the online casino, there are three key pieces of information that will be required to complete the transaction.

  • The input – Refers to the record which will determine the origin of the Bitcoins. In this case, the origin is the Bitcoin Casino
  • The amount – This is the actual amount that you’ll be requesting from the online casino.
  • The output – This is your Bitcoin address, where the online casino will send the Bitcoins to.

How to withdraw Bitcoins from a Bitcoin Casino

Once all the three pieces of information are available, you can now request your withdrawal from the Bitcoin casino. You can complete the transaction by following the following steps:

  • Log into your Bitcoin Casino account
  • Select the balance amount button and choose the ‘Withdraw’ option. Alternatively, you can visit the casino’s dashboard page and select the ‘Withdrawal Request’ button
  • A drop down menu will appear. Select the Bitcoin option and enter the amount you wish to withdraw
  • Enter your Bitcoin address and click on the ‘Request Withdrawal’ button to complete the transaction

Take note that Bitcoin Casinos usually process one withdrawal request at a go. It’s also important that you countercheck your Bitcoin wallet address to avoid any delays.

Bitcoins FAQs

What is the minimum amount that I can withdraw using my phone?

Bitoins are very flexible as compared to the other banking options. While the limit for eWallets, credit and debit cards range from €40 up to €4,000 at most of the Bitcoin Casinos, Bitcoins range from as little as €4 up to a maximum of €4,000. This makes playing the mobile casino games more appropriate and easy using Bitcoins as the payment method.

Is it possible to cancel a Bitcoin withdrawal request?

Yes you can, but you can only do this provided the payment hasn’t been processed by the Bitcoin Casino. You can cancel the transaction by tapping on the ‘Payments’ button located on the home page, >> withdrawal button and then selecting the ‘Cancel transaction’ option.

Are there any transaction or cancelation fees?

Most of the online casino websites don’t charge transaction or cancelation fees when processing Bitcoin payments. However, some of the different platforms offering the Bitcoin services april have a small service fee on all the deposits and withdrawals.

How can I covert Bitcoins into cash?

Usually, you can decide to change your Bitcoin winnings for cash either in person or online. To do this, you can opt to choose from any of the following three options:

  • Debit cards – There are different debit card programs online that have been developed to facilitate this activity. Some of these debit card programs online include Xapo, Coinjar, Advance Cash, and BitPay Visa, all of which are convenient and mobile friendly. In fact, they have applications that you can easily download to your mobile device.
  • Trading your Bitcoins with an online exchange – The online exchange platforms enable you to convert Bitcoins into physical money and vice versa. Websites such as CEX.IO, Kraken, and BTC are good examples of websites that you can use to trade your Bitcoins. They not only have fast and effective services, but also friendly daily limits for each transaction made at the site.
  • The last option is by directly trading with a friend online. You can ask him/her to send you cash and you’ll send them the Bitcoins. To do this, all you have to do is scan a QR on your mate’s phone in exchange for the cash.

How long does it take to receive my BTC once I made a request?

All Bitcoin transactions have to go through a manual verification process, which is usually done by miners and can take up to 10 minutes to verify one pass. Therefore, for payments lower than 0.5 BTC are almost instant provided you have already confirmed your cashout address. Amounts larger than that might take a few minutes as they are taken care of manually. In case of verification, a process that’s usually done to ensure your transaction is safe, it might take up to 24 hours until you receive your payment.

Is it possible to deposit using my PC and withdraw using my mobile device?

Yes it’s possible to deposit using your and withdrawal using your mobile phone. However, you can only cash out using the same method that you used to make your deposit. In other words, to withdraw your money in form of Bitcoins, you have to deposit your money in Bitcoin form.

Best Bitcoin Casino for 2021

Bitcoin betting comes in different forms, ranging from poker sites, live dealers, sports betting and online casino websites. Since avenues for Bitcoin gaming are increasingly becoming many, mobile casino players might find it difficult to choose the best website. That’s why we took the liberty of finding the best Bitcoin Casino by carrying out a thorough background research and what players have to say regarding the sites before recommending Bitstarz Casino.

Founded in 2021, the online casino does not only have the best Bitcoin welcome bonus, but it also includes a wide array of online casino games that are mobile friendly. Visit the site today and get prepared to be wowed by the quality of online casino services that they have to offer you.

Receive up to 5 BTC at Bitstarz + 20 Free Spins Now

Categories: guides

Posted on: 8th March 2017 by:

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