No matter if you choose a crypto or a hybrid casino, the deposit works the same way. You choose this currency from the list of options on the deposit page, and from there make a transfer. You\u2019ll enter the code for the casino’s bitcoin wallet, and authorize the payment. How quickly your deposit will be credited to your player account depends on the processing time for the authorization of the transaction. In most cases, it should go instantly, or it could take a few minutes.<\/p>\n\n\n\n
Once the transaction is made you\u2019ll see your Bitcoin balance in your player account if you\u2019ve opted for a crypto casino, or you\u2019ll see your funds as EUR, USD or whatever local currency you have, if you\u2019ve opted for a hybrid casino. If you\u2019ve made a Bitcoin deposit at a hybrid casino your funds are held in a fiat currency, which means you should always check the exchange rate before you complete your transaction.<\/p>\n\n\n\n
How to withdraw to Bitcoin<\/h2>\n\n\n\n
If, and only if, you\u2019ve deposited using Bitcoin you can also withdraw your winnings to the same currency. Because of the strict anti-money laundering rules at online casinos you won\u2019t be able to make a deposit with one payment method and then withdraw to a different one unless you have a very good reason for doing so, such as your deposit method not accepting payouts. However, if you\u2019ve deposited using a fiat currency you\u2019ll never be able to withdraw to Bitcoin.<\/p>\n\n\n\n
Like with deposits, the processing time for a Bitcoin transfer may vary. It should, however, never take more than 48 hours before your winnings are made available to you. If you\u2019ve played at a hybrid casino your winnings will be paid out according to the exchange rate at the time of withdrawal. <\/p>\n\n\n\n
How to verify your crypto wallet<\/h3>\n\n\n\n
Since most cryptocurrencies are supposed to enable anonymous payments, there isn’t much of a verification process surrounding these deposit and withdrawal methods at casinos online. You\u2019ll of course have to verify your identity and residential address, but this is something all players have to do no matter what payment methods they have chosen. But, if you\u2019ve chosen to use crypto for your payments you\u2019ll almost always have to complete the KYC verification as soon as you request the first withdrawal from the new casino.<\/p>\n\n\n\n
Even though you won\u2019t have to verify the Bitcoin payment method itself, there is another verification you\u2019ll be asked to complete at some point, and that is an SoF (Source of Funds) verification. This is where you\u2019ll need to prove that the money you\u2019re gambling with is not obtained illegally, and this is also something that is done to combat money laundering.<\/p>\n\n\n
![\"Bitcoin\"](\"https:\/\/www.maxbet.org\/wp-content\/uploads\/2022\/08\/bitcoin-1024x576.jpg\")
<\/figure>\n<\/div>\n\n\nLimits and fees<\/h2>\n\n\n\n
The limits for Bitcoin transactions are always high. You\u2019ll be able to perform relatively large transactions at a time, but it\u2019s hard to put a number on what exactly is normal. The reason for this is that, as you probably know, bitcoin is a highly volatile currency. This means that the real value of the transactions allowed has a wide range, and casinos may also adjust this once in a while when the currency has fluctuated a lot, either up or down.<\/p>\n\n\n\n
As for fees, that all depends on the wallet you\u2019re transferring from when you make a deposit and the casino’s wallet when they make payouts. The normal fees can be as high as 2%, but there are also casinos that choose to cover these extra costs for you. These casinos are of course the ones that will be the best for you to use long term, as having fee-free payments can save you quite a bit over several transactions.<\/p>\n\n\n\n
Bitcoin bonus at online casinos<\/h2>\n\n\n\n
A Bitcoin bonus is not just common, but we would almost say the norm, at least at hybrid casinos. Many casinos are trying to get more players to use these currencies, and that\u2019s why they choose to reward players who choose to do so. If, for instance, you can get a 100% deposit bonus using a fiat currency, you might get 150% as a bonus if you opt for Bitcoin. Many casinos even offer a deposit bonus on every single Bitcoin deposit you make, and you might even get better wagering and bonus terms by doing so. Just make sure you use any applicable bonus codes to claim your extra free spins of bonus funds; as always you can find these in our casino reviews. <\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Bitcoin is a revolutionary new type of currency that\u2019s entirely digital in nature. Its volatility adds to the excitement of gambling. And its anonymity makes it ideal of United States players who want to get around UIGEA.<\/p>\n\n\n\n
You can find gambling sites which accept Bitcoin as one of many deposit options. But you can also find sites which only operate in Bitcoin. We prefer the former for various reasons, but we\u2019ve covered the pros and cons of both above.<\/p>\n\n\n\n
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The most popular cryptocurrency is, of course, Bitcoin. In the last couple of years using Bitcoin for gambling has become more and more common, at least in casinos licensed by Curacao eGaming or unlicensed casinos. Bitcoin can be used in two types of casino, a crypto casino and a hybrid casino. The difference between these […]<\/p>\n","protected":false},"author":1,"featured_media":689,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[7,8,9,10,11,12],"class_list":["post-244","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-payment-methods","tag-betting","tag-casino","tag-gambling","tag-game","tag-poker","tag-slots"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.maxbet.org\/nz\/wp-json\/wp\/v2\/posts\/244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.maxbet.org\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.maxbet.org\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.maxbet.org\/nz\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.maxbet.org\/nz\/wp-json\/wp\/v2\/comments?post=244"}],"version-history":[{"count":3,"href":"https:\/\/www.maxbet.org\/nz\/wp-json\/wp\/v2\/posts\/244\/revisions"}],"predecessor-version":[{"id":1261,"href":"https:\/\/www.maxbet.org\/nz\/wp-json\/wp\/v2\/posts\/244\/revisions\/1261"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.maxbet.org\/nz\/wp-json\/wp\/v2\/media\/689"}],"wp:attachment":[{"href":"https:\/\/www.maxbet.org\/nz\/wp-json\/wp\/v2\/media?parent=244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.maxbet.org\/nz\/wp-json\/wp\/v2\/categories?post=244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.maxbet.org\/nz\/wp-json\/wp\/v2\/tags?post=244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}