Bitcoin has been a trending topic since its inception in 2009 by Satoshi Nakamoto. Unlike FIAT currency, Bitcoin is dependent on the blockchain, a decentralized ledger that allows its creation, trading, and distribution. This has seen Bitcoin become one of the most viable payment options in the 21st century. The popularity of this cryptocurrency has spilled over to the online gambling scene leading to the introduction of Bitcoin online casinos, which you can now access from different locations. This read will discuss Bitcoin online casinos and how they offer fast cashouts. It will also take you through other payment methods you can use at these gaming sites, so stay tuned.
What Makes Bitcoin Casinos the Fastest Cashout Casinos
It is apparent that Bitcoin casinos offer fast cashouts to clients regardless of the amount you are withdrawing. Some Bitcoin gambling platforms process deposits instantly, while others take less than 15 minutes to complete the entire process. This is the case whether you are cashing out real money winnings or earnings made after playing free spins bonuses. Therefore, make sure you get those free spins codes and use them to play games at the casino.
One of the main reasons Bitcoin cashouts are fast is that the operator does not require you to verify your information before disbursing the amount to your actual account. The verification process creates what is commonly referred to as pending time that can take up to 96 hours at non-Bitcoin casinos, slowing the entire withdrawal process. Moreover, the fact that Bitcoin uses blockchains means that the amount is simply transferred from one digital address to another, making the entire procedure effortless.
How to Cashout Money from A Bitcoin Casino
Now that you know how cryptocurrency is changing the future of online gambling and its benefits, it is time to learn how you can withdraw money from a Bitcoin gaming site. The fact that Bitcoin online casinos guarantee fast payouts may dupe you into thinking that withdrawing money from your casino account to your Bitcoin wallet is tedious. The good news is that it is not. You just need to take the same steps you use when withdrawing money from a standard casino. First, launch the online gaming site on your computer, after which you will sign in to your gaming account. The next step is to navigate to the cashier section, where you will find the withdraw button.
Click the withdraw tab once you locate it and select Bitcoin as your payment method. Lastly, indicate how much you wish to withdraw and provide the address to your Bitcoin wallet before submitting the withdrawal request. Ensure you counter-check the address you provide when withdrawing the digital currency. Another key aspect is that the casino will require 1 to 2 confirmations from the Bitcoin network before finalizing the withdrawal. Each confirmation takes up to 10 minutes.
Advantages of Bitcoin Online Casinos Apart from Ensuring Fast Payouts
Bitcoin online casinos are not just good for initiating fast payouts to slots and table game enthusiasts across the globe. The gaming sites have other exciting merits that you can barely experience in standard casinos. This explains why Bitcoin platforms continue to crop up. So far, some of the main advantages of Bitcoin online gaming sites include:
They Provide Enhanced Privacy
Cryptocurrency casinos are known to be secure compared to other online gaming sites. The utmost privacy added to fast payouts saw Evolution’s quarterly earnings jump as more players have joined online casino sites. Bitcoin transactions happen publicly on the blockchain. Therefore, every connected computer can view the transaction taking place. However, the interesting bit is that all your personal information will remain encrypted and inaccessible. Also, when initiating withdrawals, you will only provide the address to your Bitcoin wallet and not any of your banking information. This helps to keep sensitive data out of the public eye. With such assurances, you can transact comfortably, knowing that you don’t have to worry about unauthorized personnel fishing valuable data.
Zero Bitcoin Withdrawal Fees
Normally, most operators charge a transaction fee for every withdrawal you make. This is often calculated as the percentage of your total withdrawal, which can be pricey. Fortunately, you don’t have to worry about transaction costs at Bitcoin online casinos. After all, payouts on these sites are free regardless of the number of times you initiate cashout requests. You just need to ensure you adhere to the Bitcoin withdrawal rules, including maintaining the withdrawal limits, such as not exceeding the maximum amount you can cash out in a day. This has helped realize the ever-growing success of the global iGaming sector since most operators are using zero bitcoin withdrawal fees to market their Bitcoin casino sites.
Other Cryptocurrency Methods you can use at Bitcoin Online Casinos for Fast Payouts
If you are an online gambling enthusiast, you can agree that Bitcoin online casinos often have other payment methods as a backup. One of the top payment methods you can use at a Bitcoin online casino to enjoy fast withdrawal services is Ethereum. Ethereum will see you take only a few minutes to initiate withdrawals. Furthermore, the payment option does not charge any withdrawal fees, so you don’t have to worry about losing part of your online casino winnings whenever you initiate a withdrawal. You can also use Litecoin or Dogecoin, two of the most dependable cryptocurrency payment methods you’re likely to find at Bitcoin online casinos.
The only difference between these payment options and Bitcoin is that each has distinct withdrawal limits. The maximum amount you can withdraw when using Litecoin, Ethereum, or Dogecoin differs depending on the gaming site. Note that the cryptocurrency payment options are similar to Bitcoin in many ways. For example, they all depend on the blockchain, meaning transactions are open to the public. Besides, it implies your privacy is guaranteed since you aren’t required to provide your banking details. You should be aware that some Bitcoin online casinos offer eWallets to players. With the banking solutions, you can transact using currency options like USD, GBP, or AUD, depending on your casino.
eWallets are equally secure but not compared to Bitcoin. Furthermore, they are fast, with most taking up to 24 hours to process withdrawals. However, you may have to upload copies of your ID or Passport and utility bills for verification purposes. With such alternatives, you will not have to depend entirely on Bitcoin or other cryptocurrencies to initiate withdrawals. This is a plus for online gambling sites trying to attract amateur and expert players.
Bitcoin Casino Coverage
You will be stunned to learn that Bitcoin online casinos are accepted globally. You can enjoy fast payouts regardless of your region. However, you should ensure that the Bitcoin online casino you’re using is licensed by a reputable body such as the Malta Gambling Authority or UK Gambling Commission before opting for its gaming services. After all, it is the only way to ensure extra security of your money and information. The licensing details are often located at the footer of the Bitcoin online casino. Besides the site’s footer, other areas to check are the ‘About Us’ page or the terms and conditions section. The extensive coverage is why most Bitcoin online gaming sites continue to dominate the online casino gambling scene.
From the information above, it is clear that Bitcoin online Casinos are the way to go if you want to experience fast payouts. The sites also guarantee secure payouts, which you can initiate without paying a fee. You should also know that there are other Bitcoin alternatives that you can use to initiate fast and secure withdrawals, as discussed above.