For the most part, cryptocurrency users will already know how to obtain Bitcoins, Ethereum and other options at exchanges and markets. However, for those who are just starting out, is it possible to cut out the middleman and buy Bitcoins directly from an online casino? This is a topic worth exploring, despite its improbability, and this is something we aim to do with this article.
Casinos with Conversion Options
You will undoubtedly have heard talk of how some casinos will let you deposit with Bitcoin and then convert your deposit into US dollars for gameplay. This can be handy if you have BTC at hand but no way to deposit in FIAT options. Perchance you do not have any other applicable payment method for your chosen casino. Does it work in reverse, though? Can you deposit with US dollars and play with Bitcoin? While there are one or two sites that claim to offer this feature, none of the major domains appears to be safe or secure enough to be trusted.
Casinos That Trade
We will get this one out of the way now - you are very unlikely to be able to purchase Bitcoins and altcoins at online casinos. However, if you do not want to visit an exchange, there are e-wallets out there, such as Skrill, that will allow you to buy cryptocurrency from them, using the funds in your e-wallet. This could be an option you wish to explore.
The Best Bitcoin Exchanges Are Ideal
Given what we have learned, it seems that the best option is to head to an exchange. This can be a daunting process for newbies, so where are the best places to head to? In our opinion, CoinBase, Kraken, Binance, Bitstamp and Bittrex are all highly ranked for offering you the chance to purchase cryptocurrencies in a safe and secure digital environment.
How Do I Go About Doing That?
To purchase Bitcoins from an exchange, you will first need an account on the exchange platform. You will then need to verify that account and enter your wallet address. You can choose how much of which cryptocurrency you want to play and whether you wish to pay using euros, US dollars or another cryptocurrency. After this, select your payment method (bank card, bank transfer, etc) and then select the “instant order” option. This will immediately see the transaction clear, although you may be charged a small transaction fee for purchasing altcoins and Bitcoins via exchanges.
You Are Ready to Roll
After doing all the above, you are about ready to roll. The only step remaining is to find a reputable casino. We would recommend www.Bitcoincasino.io as they are safe, secure, and trusted. They also accept various cryptocurrencies. After joining, head over to the cashier page, make a deposit and claim your welcome bonus. As you can see, purchasing Bitcoin from a casino may not be possible (for the most part), but it does not take much effort for you to get started the conventional way.