How To Withdraw Your Bitcoins From Online Casinos

When sci-fi movies back in the 1980s were demonstrating a world where everything you want to purchase can be bought in an instance, just by getting your phone scanned from a machine, we thought the director was overdoing it. But we couldn’t be more wrong.

Now we live in the future and almost everything can be done using the Internet, including gambling. And since we all love to keep anonymous while visiting the “digital” casinos, we also prefer to use cryptocurrency.

Hence, today we will talk about how to withdraw your bitcoins from online casinos as well as how to deposit and play using them.

Which Casinos Accept Bitcoin as a Payment

Best Online Poker Bitcoin Bonuses

Not every online casino that exists accepts bitcoin as a currency, but those that do accept it will make sure to provide you with very attractive bonuses you just can’t refuse. Let’s take a look at some of the best online bitcoin-accepting casinos available to play on.

CloudBet Casino

CloudBet may not have a license to be “provably fair”, but the support it gets from the online gambling bitcoin community makes it one of the best platforms to play on. Being an important part of the bitcoin gambling niche, CloudBet doesn’t only provide the best experience due to its slick design and a great selection of games from the industry’s top names, but it also features a sports betting option alongside a live casino where games like Blackjack and Baccarat.

A big drawback, though, is that US players cannot join the live casino games. On the contrary, it makes up for that with the high limit stakes.

BitStarz Casino

Being an online casino that accepts both Bitcoin and multiple fiat currencies isn’t easy, but BitStarz took the challenge thus becoming a famous casino amongst online gamblers. It is provably fair to play, but a big drawback is that the site doesn’t accept US players.

1xBit Casino

Not being provably fair doesn’t stop players from using their platform, mainly due to the considerable amount of available games and the crazy bonuses and promotions the site offers. It is also one of the few online casinos that only operate using cryptocurrencies.

Betchan Casino

Besides the fact that there are some slight restrictions to players from the US, Betchan makes up for it by featuring a wide selection of games delivered by the top industry providers there are. It has been licensed and is also provably fair to play. On top of that, it accepts many major currencies as well as bitcoin.

Fortunejack Casino

Why choose Fortunejack as a casino to gamble on using cryptocurrency? Well, because it accepts nearly every major cryptocurrency there is available out there, including of course Bitcoin. It also offers one of the best deals when it comes to deposits and withdrawals as players can choose to start with just 1mBTC. It is provably fair and open for players joining from anywhere on the planet.

Keep in mind that the five casinos mentioned are not all provably fair, and they don’t necessarily have the best reviews, but we wanted to compile a list to cover every possible preference.

How to Play an Online Casino with Bitcoin

Using Bitcoin as a way to gamble online shouldn’t scare you. On the contrary, it is straightforward and safe, even safer than using fiat money. First of all, you have to purchase your desired amount of bitcoins. You can do so by using one of the best, if not the best, applications there are available, and this is Coinbase.

You have to sign up and create an account as you would on any other website, and after that, you can use the app to buy bitcoins simply by putting in your credit card/bank account details. Then, your bitcoins are stored in your cryptocurrency wallet (you can choose one that suits your needs as there is a guide at the official bitcoin page).

Afterwards, it is time to pick an online casino that accepts bitcoin and sign up. The process is straightforward. After registering on the site, as you would on any other regular online casino, you go to your profile dashboard. There you will select the “deposit” option. After that you will select “bitcoin” as your currency and then deposit the Bitcoin amount you want, providing you have connected your bitcoin wallet with your account.

Now let’s have a look at how to withdraw your bitcoins from online casinos.

How to Withdraw Bitcoin From an Online Casino

How to withdraw bitcoin from an online casino

So you have deposited your bitcoins, and now after earning big money, you wish to withdraw some or even all of them. The good thing with depositing and withdrawing bitcoins is that the transaction times are even so little it will rarely take more than 10 minutes to complete.

The reason is that being a digital cryptocurrency, there are no banks involved therefore there aren’t any processes to go over by your bank.

So how to withdraw your bitcoins from online casinos?

Log into your account and go to your profile dashboard. There, you will find a section, many times called “cashier”, where all your records of deposit and wins are stored. Enter how much you wish to withdraw and select the bitcoin wallet you want your money to be stored.

Just like how you purchased bitcoins in the first place – using your preferred currency – you can withdraw bitcoins and convert them to any currency you want. Or even exchange them through a cryptocurrency exchange website (you can purchase or sell your bitcoins through using various fiat currencies and alternative cryptocurrencies other than Bitcoin).

Do You Need to Withdraw Your Bitcoins

Now that you know how to withdraw your bitcoins from online casinos, it is about time to learn how to manage your transactions properly.

After winning you have two options: you can keep on playing, thus not having to lose money from many withdraw fees, or you can withdraw your winnings. The latter isn’t such a great idea if Bitcoin’s price is not on the rise during that period.

Bitcoin is just like any other product out there – the same rules of supply and demand apply here, too. It is better to wait until bitcoin’s price is about to start increasing, and you should sell only then to maximise your earnings through converting your Bitcoins to your desired currency.

So the answer is no, you don’t have to withdraw them unless you want to. It is highly advised not to unless Bitcoin reaches a good selling value.

Now you know pretty much everything there is to know just to get you started playing using bitcoin. Knowing how to withdraw your bitcoins from online casinos should change your opinion of being scared to use the famous cryptocurrency to gamble.

The only thing you always have to remember is to play carefully and without impulsion. We can guarantee you that if you do as we advise you then you will be a winner, and the only way your earning will reach on the graphs is upwards.

So get out there and start playing online using bitcoin as your preferred currency. We wish you good luck on your gambling endeavours!

If you have already tried withdrawing your Bitcoin winnings from the above-mentioned casinos, share your experience with us in the comments below! Maybe you can also suggest more online casinos? We are waiting for your feedback!

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