Cryptocurrency refers to all encrypted decentralized digital currencies such as Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Ethereum Classic. They use cryptography to create coins and secure transactions. Typically, cryptocurrencies are open source, and the transactions are based on blockchain technology.
Cryptocurrencies are traded via wallets, which are used to store, send, and receive digital currency. Most coins have an official wallet or a few officially recommended third-party wallets. You cannot invest in any cryptocurrency without using a dedicated cryptocurrency wallet.
Many online casinos have separate bonuses for depositing cryptocurrency. Here you can maximize your bonus potential by having access to such a cryptocurrency source.
With these companies, you can skip complex processes like mining and buy cryptocurrency securely with your credit or debit card. Let’s get started!
Bitcoin 101: The Basics
WHAT YOU NEED TO KNOW:
- Bitcoin and other cryptocurrencies are digital currencies that we can use to make purchases online, consisting of depositing to your Bovada account– we’ll reveal to you how!
- Following our user-friendly guide will help you prevent Bitcoin value changes; it’ll be as if you’re depositing with USD directly.
WHAT ARE THE ADVANTAGES OF UTILIZING BITCOIN AT ONLINE CASINOS?
- Bitcoin (BTC) transactions are ensured– never be annoyed by charge card failures again;
- Every Bitcoin transaction is free– you will not pay more to deposit or withdraw;
- Withdrawing your winnings has never been faster– from approval to your wallet in minutes;
- Rewards are BIGGER and BETTER with Bitcoin!
HERE’S WHAT YOU’LL NEED:
- A Bitcoin wallet– permits you to store your Bitcoin and is where you’ll make transfers to and from Bovada;
- An exchange account– where you will purchase your Bitcoin and convert your profits back to USD;
- Government-issued ID– verification is required to set up your Exchange Account;
- A debit card– the fastest approach to purchase Bitcoin;
- Smartphone number– wallets, exchanges, and Online Casinos might need safe and secure SMS recognition.
- You’ll require to leave our site to open a wallet and exchange account; bookmark this page so you can return quickly;
- If you’re using Bitcoin Cash (BCH), this guide is specific to getting begun with Bitcoin (BTC)– we can follow similar steps.