Bitcoin to Boost Your Online Casino Earnings

Bitcoin and other cryptocurrencies have exploded in popularity over the last few years. Once seen as niche and speculative, digital assets like Bitcoin are now becoming mainstream. An increasing number of online stores, merchants and even some land-based businesses now accept cryptocurrencies as payment.

The online gambling world has been relatively quick to adopt Bitcoin as well. Most major internet casinos like SlotMafia Casino now allow you to deposit, play games and withdraw your winnings in digital coins like BTC and Ethereum. Using Bitcoin at online casinos comes with some major advantages that can directly translate to bigger profits and more earnings.

Anonymity and Security

One of the main reasons to use Bitcoin at online casinos is the increased privacy and security it provides. With Bitcoin, your personal and financial information is never tied to your transactions on the blockchain. This allows you to keep your casino gambling activities private.

Bitcoin transactions are secured through cryptography and recorded on a decentralized public ledger known as the blockchain. Only the wallet addresses are shown publicly, not people’s real identities. This brings safety against potential security breaches and hacks as well since your private info is never stored anywhere.

Lower Fees

Every time you deposit funds or withdraw your winnings from an online casino, the provider charges you a fee. This fee often depends on which payment method you use. With debit and credit cards, these fees can be quite high at around 5% of the transaction amount. Bank wire transfers also cost money to send and receive money from internet gambling sites.

By using Bitcoin, you can avoid most of these fees altogether. BTC transactions typically only come with tiny network fees needed to process each payment. This means more money stays in your pocket instead of being lost in fees.

Bigger Bonuses

Another way that Bitcoin can boost your online Ruby slot machine profits is through bigger and better bonuses. Many gambling sites now offer special bonuses for using cryptocurrencies that are much larger than fiat currency bonuses. These include signup bonuses, match deposit bonuses and even special slots and game bonuses for depositing in coins like BTC and ETH.

For example, your average fiat currency signup bonus might be 100% up to $500. When depositing in BTC, that signup bonus might become a 150% match up to $2,000 or more at some casinos. This equates to far more free bonus money you can then use to play games and hopefully win bigger payouts.

Faster Payouts

Having to wait days or even weeks to receive your withdrawal from an online casino can be extremely frustrating. Luckily, Bitcoin fixes this issue with its rapid transfer times. Instead of waiting around for checks in the mail or bank wires to clear, BTC casino cash outs can be processed in as little as an hour in some cases.

This means you spend less time waiting around for casino payments and more time actually playing games and having fun. The quick turnaround times are especially useful after hitting a big jackpot win.

Tips for Getting Started

If you want to start using Bitcoin to boost your online casino profits, here are some helpful tips:

• Purchase some Bitcoin – You can buy BTC from crypto exchanges like Coinbase, Kraken, Gemini and others. Some Bitcoin ATMs also allow you to convert cash directly to BTC. Shop around for the best rates.
• Learn proper storage – To keep your Bitcoin holdings safe, it’s critical you store them properly. Options like hardware wallets (Ledger, Trezor) provide the best security for larger holdings.
• Compare Bitcoin casino bonuses & promotions – Each gambling site will offer different bonuses and rates for using BTC, so make sure to compare them. Also check out their game selection and ratings.
• Start playing your favorite casino games – Popular Bitcoin-friendly options include slots, roulette, blackjack, video poker, dice and live dealer table games.