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Everyone needs a good pass time. Gambling can be fun, but something that can really elevate it is playing with and for Bitcoin. Gambling with Bitcoins is as easy as 1, 2, 3. It sounds intimidating at first, but it really isn’t that complicated at all. There are plenty of resources online, but they can sometimes be long-winded and overly complicated, leaving you more confused than anything else. Fortunately for you, we’ve put together a really simple article on how to start gambling with Bitcoin. Let’s get into it.
Open a Wallet
The first thing you’ll need is a crypto wallet. This is a secure online hub for buying, storing, and selling crypto. You store your money with a third party which works in much the same way a bank would. This isn’t the only type though. You also have a different option that allows you to store your coin on your own device, but this is a less popular option. This is mainly because you can’t access it from anywhere and if your device breaks you could lose your data. When you use a secure and trusted online wallet you are guaranteed that that company will safely store your money as well as ensure nothing happens to it. It is a much safer and more reliable method. This works in the same way that something like PayPal does. You can use your bank card to transfer money into the wallet and then you can use it to convert normal currency into crypto. This means that you can easily make purchases online, or deposit into Bitcoin gambling sites the same way you would with a virtual card or something like PayPal. There are a few different providers, so be sure to do your research and find one that suits your needs.
Using Your Crypto Wallet
Once you’ve decided on service and have an account all set up, it is time to deposit some cash and purchase some crypto. As with any other currency, the exchange rate fluctuates. This is why it is important to check the exchange rate before you make any purchases. You can directly deposit into your wallet via a bank card that you link directly to your bank account or PayPal account. As we stated above this is a secure way to ensure that your funds are kept safe. They are heavily encrypted, so your information, including your identity, is not traceable. This is why so many people prefer this method.
Transferring Your Crypto
Once you’ve managed to load your money into your wallet, you’re ready for the next step. From here you are able to deposit directly into an online casino or crypto sportsbook and get to the fun part – playing. What you’ll need to do is load currency to your account, acting as credits for you to play certain games and enter into others. You do this by navigating to the deposits page on the website of your choice and selecting the type of currency you are wanting to play with. The site will then give you specific instructions about how to make your deposits. It’s as simple as that. You’ll have a step-by-step guide that tells you everything you need to know. The best part is that crypto transfers are immediate. They reflect within a few minutes at the very most. This makes it really easy to upload more credit if you need it.
Withdrawing Your Winnings
Once you’ve transferred cash to the site, played, and made a ton of winnings, you want a way to get access to that in the real world. You might think that this has to be the complicated part, but this couldn’t be easier. The best thing about this is that it is also incredibly fast. In much the same way it is simple to upload currency, it is simple to withdraw it. Most sites provide you with an easy step-by-step guide on how to withdraw your winnings. Once these earnings are deposited back into your wallet, you can either use them to purchase from other websites that accept bitcoin, or you can transfer them into your local currency to use on a normal day-to-day basis.
Bitcoin is often made out to be a scary thing that people associate with criminals, but this really is not the case. It is merely another secure form of currency that you can use to safely gamble online. If you are interested in this we definitely recommend that you give it a go. It is a great way to keep your money secure.