Unsurprisingly, the payment options at Bitcasino.io seem limited. However, that’s definitely not the case. We didn’t want to overwhelm you with long lists of Bitcoin E-wallets, so for the sake of consistency, we simply put Bitcoin in both categories.
We are well prepared for occasions such as this. You might be reluctant to join a Bitcoin exclusive online casino, one that accepts Bitcoin players only. However, those who’ve entered the rabbit hole, rarely go out again, playing in regulated currencies.
Players are allowed to deposit as little as 10 mBTC. There’s basically no top limit, because we honestly doubt that anyone would deposit more than 5 BTC per transaction. There are many Bitcoin E-wallets on the market. Please check our Bitcoin Guides for more information. We also provide recommendations that will, hopefully, make your decision easier. That’s, if you still don’t have a Bitcoin E-wallet yourself.
Depending on the wallet you choose, the deposits can be instant, but not necessarily. Sometimes it takes a few hours before the transaction is confirmed and the funds are released by the payment provider. This is not directly related to the provider. It has to do more with the volume of transactions that are being processed in the given period of time.
One of the advantages of Bitcoin casinos is simplicity they bring forward. If you’ve deposited in Bitcoin, rest assured, you will be allowed to withdraw in the cryptocurrency. This means less regulation, less reports you have to provide, and less documents as well. However, Bitcasino.io has a KYC policy in place, which means they can, and eventually will ask you to provide them with documents that will verify your identity. Arguably, this process is in direct violation of the basic principle of the Bitcoin, anonymity. Bitcasino.io and other Bitcoin casino are, after all, licensed online casinos. As such, they are monitored by external entities and they have to comply with the world standards.
Once you get the Bitcoins transferred to your account, you can start spending them, enjoying them. Some shops have made a bold move, and they accept mobile Bitcoin payments. All you need is the bar code. In case you do not want to buy things with them, feel free to sell them online.
Note, the value a Bitcoin unit changes rapidly. It’s highly volatile. You can make a profit or loss, while your Bitcoins are sitting in your e-wallet.