Bitcoin in online casinos

The popularity of Bitcoin is growing significantly across the globe. This digital money system doesn’t take physical forms like bills, but it’s stored in e-wallets and exchanges in BTC. The main Bitcoin feature is that it uses a decentralized blockchain system, that makes Bitcoin transparent and anonymous at the same time. It means that no government or any other people are able to control or issue the currency. In other words, it has no central bank, therefore it runs in the peer-to-peer market.

Bitcoin in online casinos

Bitcoin gambling has become extremely popular over the recent years. As a result, many NZ casinos accept cryptocurrency as a new payment method. Online casinos accept Bitcoin, as well as other traditional payment methods, such as credit or debit cards, e-wallets, and prepaid cards. Now, BTC is a convenient, fast, and safe deposit method for Kiwi punters.

How to gamble with Bitcoin

Playing top NZ gambling sites allows deposit using Bitcoins, which are then converted to the fiat currency, and back to the BTC during the cashout. However, some casinos offer Bitcoin games, allowing players to use Satoshis, rather than fiat currency.

Pokies, table games, live games use the Provable Fair model of gaming. Provably Fair is an excellent perk of Bitcoin games, since it allows players to verify every bet to ensure the fairness.

Another important perk of Bitcoins is fast deposits and withdrawals. By gambling with Bitcoin, you avoid all difficulties concerning fiat currency, because Bitcoin is not regulated by the government. All the transactions are fast due to the quick verification on the blockchain, and sometimes, the process can be even instant. Withdrawal process requires only the amount you want to cashout, and the Bitcoin wallet address.

Promotions and fees

Additionally, most casinos provide third party payment services, and the player has to pay fees, however, with Bitcoins you avoid this additional fees, since there is no third party. Also, there are many exclusive bonuses and promotions specifically for Bitcoin users.

Conclusion

Using bitcoin, NZ punters will be getting the fastest and the safest ways to deposit money to online gambling sites. You can be absolutely sure in privacy of operations from banks and government. All in all, we can say that Bitcoin gambling is the future of online casinos. The only drawback is a lack of bitcoin casinos, who accept Bitcoins. Nevertheless, in the near future we expect to see a lot more such casinos.

Rate this post, please:

FAQ

How does online casino pay you?

Cashout is the much-awaited process in the whole gambling activity. This is what gamblers come for to the casino websites. Unlike the land-based casino payouts, online ones take longer time to actually appear in your hands. The whole process of withdrawing undergoes three stages: request, approval and processing. Let’s take a closer look at each one of them.

Requesting step

Congratulations if you’ve won money, but this is not yet the end of this story. First of all, make sure you’ve won enough. I’m serious. Online casinos have a certain limit of the payout sum. For example, $2000.

After you’ve confirmed that your sum meets this requirement, proceed to the banking page of your account. Select the withdrawal function and banking method you wish to have money on.

Another hitch at this time, sometimes online casinos set a rule that you only can withdraw by the same payment system as you deposited with. If it was a visa card, select the same card for payout. On the other hand, some casinos don’t include one and the same option for deposits and withdrawals. So, check these terms before you deposit to avoid being ‘surprised’ and upset.

As soon as you are satisfied with your choice of method, click the withdraw button and wait until the next stage ends up.

Approval

Your request must be approved by the security and payment departments of the casino. If you’re withdrawing for the first time, get ready for the long verification process. They are probably going to need some docs and other proofs of your identity. Reply them for their request as soon as possible unless you want to wait for ages.

When the casino confirms that this is really you, who is trying to take cash out, they approve your request. Then they just send the request to the payment option you’ve chosen.

Payment processing stage

This stage can take a long or short time depending on the option you selected. For faster payout I recommend choosing an e-wallet. They are usually processing money within one day. Alternatively, if your method is a debit card, for example, it may take from 1 to 3 days. In most bank transfer cases the transaction takes even more, 3 to 5 days. So, be careful at the requesting step.

Is online casino safe?

This article consists of three paragraphs, three main questions which identify the trusted casino. After reading the page you will be able to identify the safe indicators of the casino.

The page consists of:

Main indicators of a safe casino
Is it legal?
Is it fair?
Data protection

When we think about the safety, we usually ask three questions: is this online casino legal? Is it licensed?, and is it fair? By answering that, you will be sure that a casino has only excellent intentions toward players. All the casinos on our site have these characteristics, and that’s why.

It’s legal

In fact, all the casinos are licensed and regulated by reliable gambling commissions. The list includes Malta Gaming Authority, UK Gambling Commission, Kahawake GA, Swedish Commission. As a result, the casino from the rating consists of one or several of these regulators on the board. The reliability of these regulators are without a doubt, you can check all information about them on the official site of gambling authority. In the review of any casino you will find a small description of regulators. All in all, if you’re over the age of 18, you can easily sign up and play.

It’s fair

It’s important to realize that casinos and games are checked by audit company eCOGRA, to make sure that all random generations are fair and show honest statistics. Moreover, it checks the RTP of the particular casino to prove the declared rates.

You’re protected on the site

Deposits and payouts require a high level of security. As soon as you make any money transaction, the information will be transferred through the encryption technology. The example of such technology is SSL (Secure Socket Layer). Millions of sites use it to transfer the data from merchant to customer in the most secure way.

Conclusion

Any gambling activity has risks and it’s very easy to lose more money than you want. Sometimes it can be hard to stop. For that reason, casinos provide a list of rules and methods on how to prevent any type of gambling addiction.

Can I withdraw my winnings using Poli?

Unfortunately, most Poli Pay casinos do not offer Poli withdrawals. While Poli is a popular and secure method for making deposits, it currently does not support withdrawals. To withdraw your winnings, you may need to use an alternative payment method, such as bank transfer, e-wallets, or credit/debit cards. Be sure to check with your chosen casino for available withdrawal options to ensure a smooth cashout process.