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Buying Bitcoin For Online Casino Gambling

Although Bitcoin and other cryptocurrencies like Litecoin, Tether, and Dogecoin, may be popular with tech-bros, mere mortals like us struggle with all the jargon and processors necessary to even purchase Bitcoin. To know where to go on the Internet to find Bitcoin for sale is a mystery for many online gamblers. Then you have to consider where to store your crypto. Once again, there are so many types of wallet available, and each one has it's pros and cons. Buying Bitcoin is hard!

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Buying Bitcoin For Gambling

If you’re getting into crypto gambling, you’re most likely wondering how to buy Bitcoins for gambling (i.e., jackpot poker, casino, sports betting, slots). Bitcoin offers good transaction speeds and much better privacy for online casino players. Let’s dig into how can someone safely buy BTC for gambling.

Getting Started – Buying Bitcoin For Online Gambling

Listing the Bitcoin casinos you are interested in is the first step to consider before buying Bitcoins. The best casino sites to play like 22Bet Casino accept different cryptocurrencies such as Ethereum, Litecoin, or Tether. You must consider several factors to own Bitcoin. One of which is where to safely buy digital currency. The majority of businesses that sell cryptocurrency are online exchanges and brokers. To transact with these sites, you need a working email account and a government-issued photo document or ID to pass their KYC procedures.

Though private sellers are another option for you to buy Bitcoin, this is a highly risky venture in exchange for staying anonymous. Fortunately, you have methods on how to get BTC for online gambling while protecting your private information and money which are mentioned below. The Bitcoin wallet is the second factor to consider when Buying Bitcoin. After all, this is where you will store the digital currency as well as your winnings after you manage to win the jackpot online. Like exchanges, you have several storage options available to you. Even better, most of them are free. Other paid options give you better security for your digital money such as hardware wallets.

Different Methods Of Buying Bitcoin For Online Gambling

With a Bitcoin wallet ready, it’s time to ask where to buy Bitcoin for gambling. You have several Bitcoin sellers to choose from with various rates and advantages. Here are some of our jackpotfinder.com recommended places to buy digital currency.

Buying Bitcoin – Online Bitcoin Exchanges

Bitcoin exchange sites are where you can buy Bitcoin with cash or altcoin such as Ethereum and Litecoin.

Binance

Binance is one of the most diverse Bitcoin exchanges that have more than 300 digital currencies available, allowing you to buy altcoins that your preferred casino supports. However, the U.S. site is not available in 22 U.S. states.

Coinbase

Coinbase is a pioneering exchange that is fully regulated and licensed. More than 100 countries have access to the exchange site, making them available to areas that are not supported by other Bitcoin exchanges. It is important to note that Coinbase has full ownership of its users’ private keys, which can be a concerning issue for online casino players.

Kraken

Touted as the first Bitcoin exchange to have Bloomberg Terminal display the site’s trading prices and cryptocurrency volume. For many Bitcoin gambling, Kraken is one of the best places for buying Bitcoin and other cryptocurrencies used for gambling with low fees.

Paybis

An international exchange available in 180 countries as well as 48 states in the US, Paybis is highly trusted by cryptocurrency gamblers. This is because it’s registered with FinCEN. Paybis also have low fees and a fast ID verification process for new accounts.

Buying Bitcoin At Bitcoin Exchanges For Gambling

As the name indicates, local Bitcoin exchanges cater to the residents within the country apart from foreign buyers. Local exchange is beneficial to residences since it supports bank payment and other payment services available to people living within the country.

WazirX

A local Bitcoin exchange based in India, WazirX has one of the strongest security measures in the country. Every transaction when buying Bitcoin requires only seconds to complete from this exchange. Unfortunately, the Bitcoin exchange does not support credit card deposits.

Netcoins

A Canadian local Bitcoin exchange located in Vancouver, Netcoins has incredibly fast transaction speeds and low fees. They are also regulated by the MSB that operates under FINTRAC, making them a trusted exchange.

LocalBitcoins

LocalBitcoins is a platform for buying Bitcoin directly from another person. With the local exchange acting as an escrow service, you can pay other people through various payment options such as wire transfer, online payment, and bank deposit. A reputation system is set to help you find trusted sellers or buyers within the exchange.

Local Bitcoin Exchanges For Online Casino Players

While Bitcoin exchanges involve buying cryptocurrency from other users who are selling them, brokers are direct sellers of the digital currency. Brokers let you buy and sell BTC at their set price to help you avoid buying Bitcoin at a higher cost.

eToro

eToro is a trading platform that offers a wide variety of stocks, ETF trades, commodities, and cryptocurrency. This Bitcoin broker is available in a large number of countries and offers low fees for buying Bitcoin and other cryptocurrencies. One issue to note is the limit on where you can withdraw your Bitcoin, which is only to an exclusive eToro wallet.

Bittrex

Based in Seattle, Washington, Bittrex offers a wide range of cryptocurrencies supported by popular online casinos such as Litecoin and Ethereum. US customers are highly welcomed by the platform since they are based within the country.

Robinhood

Accessibility is Robinhood‘s forte as a Bitcoin broker with zero fees and transactions made and zero minimum holding requirement for all accounts. Buying or trading cryptocurrency on the platform is easy thanks to Robinhood’s user-friendly interface. One notable flaw of the platform is its weak customer support which does not let you reach their staff via phone.

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Safely Buying Bitcoin For Online Gambling

A physical or offline option for buying Bitcoin is available through specialized ATMs that are available in the US, Canada, Australia, and the UK. Updated Bitcoin ATMs feature instantaneous transaction speeds that are similar to regular cash ATMs. Unlike online exchanges or brokers, you don’t need to use your email, phone number, or other personal information. You only need a mobile wallet app installed on a phone that can read QR codes. ATMs within or near casinos or sportsbook lets you bet with cryptocurrency in person instead of fiat cash.

With the lack of personal information and connection to the internet, you can enjoy better privacy and security with Bitcoin ATM when buying Bitcoin for online gambling. However, the limited availability and high fees make the machines inconvenient for casino players.

Buying Bitcoin – The Safest Bitcoin Wallets For Online Casinos

To own Bitcoin or any form of cryptocurrency, you need to have a digital wallet. Fortunately, you have plenty of options available to you.

Online Wallets

Your account within Bitcoin exchanges or brokers is already a wallet where you store your cryptocurrencies. You can also find dedicated online wallets such as the one offered by Bitcoin.com.

Desktop Programs For Buying Bitcoin

Bitcoin wallet programs for desktop computers running on different OS give you full control over your digital currency. Desktop crypto wallets are often free while others are a part of a hardware wallet. One issue with desktop programs is their susceptibility to malware or viruses that allow criminals to steal anyone’s Bitcoin.

Mobile Apps

Portability is the key factor among mobile app wallets. They let you make transactions in physical stores or casinos that accept Bitcoin. It’s important to note that your digital currency is in connection with your phone. Thus making it difficult to retrieve should you lose the device.

Buying Bitcoin – Hardware Wallets

Hardware devices such as the Ledger Nano X and the Trezor let you protect your Bitcoin from potential threats of malware. This is by isolating it from any net connection. In place of security, buying Bitcoin for gambling and storing it in a hardware wallet can be inconvenient.

With the four wallets on our list, we can arrange them from being the least secure at the top and the most secure at the bottom. Security comes down to one factor, you have control over your private key. Private keys are proof of your ownership over the wallet. Online wallets are the worst among the four since the business has control over your private key. Online connectivity is the second factor to consider. Desktop programs and mobile apps are at risk of hacking by criminals the moment they connect to the net.

After considering both factors, hardware wallets offer the best possible security for your Bitcoin. Think of them as a security vault for your Bitcoin winnings. If you’re buying Bitcoin and sending it to 22Bet Casino, then it makes sense to do so with a hardware wallet. Not only does it offer much better security, but by helping you to have one less worry, it’s actually increasing your jackpot winning chances.