What are Bitcoins?
Bitcoins were first introduced in 2009 as a crypto-currency which cuts out the middle man and is a completely self sufficient payment and transaction system with a lot of perks. Bitcoin transactions are essentially peer to peer which means users can make transaction with minimal or no transaction or processing fees using the internet or e-wallets.
Steps to get started with Bitcoins
- Get a wallet
There are several online services and websites where you can register and get your Bitcoin wallet. Some of the popular and most secure Bitcoin wallet providers are Bitcoin core, Blockchain.info, Multibit, Electrum (desktop wallets) and Mycelium, Wirex, etc. (Mobile wallets).
- Buy Bitcoins
Now that you have a Bitcoin wallet, you will need to fund your wallet with some Bitcoins. Bitcoins are like any other currencies such as dollars or pounds in the sense that you can trade them with other currencies. You can use your own local currency, credit card, debit card, etc. to purchase Bitcoins from online exchange wallets such as BitQuick (claims to be the fastest way to purchase Bitcoins) or Bitbargain, etc. Currently, the price for one Bitcoin is equivalent to $922.
- Make deposits at online casinos or anywhere else
You should at this stage have credentials to login to your Bitcoin wallet securely. Keep this information private. You should also have Bitcoin\s in your wallet so that you can start using them at online merchants who accept them. Since we are focusing on online Bitcoin casinos in this article – all you need to do now is visit the Bitcoin casino of your choice, make a deposit, and get started playing all of your favorite games and making some good money in the process.
Making deposits in Bitcoin casinos are usually pretty self explanatory and an easy process for even users who would not exactly describe themselves as tech savvy. Below are some generic instructions as to how you can make a Bitcoin deposit that can be applied to most Bitcoin casinos on the internet.
Three easy steps to make deposits to your Bitcoin casino
- Go to the deposit section\page
The cashier page (this is the label for the page in most casinos) is usually accessible by clicking on “my account” section (an icon usually placed on the top right of the casino home page). Once on the cashier page, you should see options such as withdraw, deposit, etc. Choose deposit!
- Select your payment method
Some Bitcoin casinos accept Bitcoins only (so you will not go through this step), however, if the casino accepts a variety of payment methods you can just choose to pay or deposit by Bitcoins.
- Make the transaction and receive confirmation
You should now be redirected to a secure gateway where you can login to your Bitcoin wallet and complete the deposit. Please ensure not to click on refresh or back when the transaction is processing and wait until you receive a confirmation with a transaction ID.
That’s it – you have made your first Bitcoin deposit! Go enjoy your casino games!