|Bitcoin is a cryptocurrency payment option whose popularity has seen many online casinos embrace it allowing players to make both deposits and withdrawals in Bitcoin. This payment method is widely accepted in many countries across the globe including Kenya and Kenyan players prefer Bitcoin casinos since they are considered safer than regular casinos. More so, with this cryptocurrency, you can transact huge amounts.
Better yet, these casinos offer anonymity, thus your personal information and bank details are safeguarded. In this guide, we have outlined online casinos that accept Bitcoin, how to make deposits and withdrawals, and the pros and cons of using this payment option.
But before we expound on Bitcoin casinos, let’s first delve into what exactly Bitcoin is. Ideally, Bitcoin is a type of cryptocurrency and this means that it is a digital, decentralized currency. Thus, it is not tied to any bank, organization, or county and is a great option for people who prefer peer-to-peer transactions. It was launched in 2009 by Satoshi Nakamoto as the first cryptocurrency.
Bitcoin is highly recommendable for online casino players since it ensures the privacy of both the casino and players. When using Bitcoin, there are no third parties involved and this guarantees the privacy of your personal and financial details.
Why Use Bitcoin?
Safe and secure
Low/no transaction fees
Flexibility and versatility
Why We Recommend Using Bitcoin?
There are several online casinos in Kenya that allow you to fund your account and make withdrawals using Bitcoin. But why should you choose Bitcoin casinos over regular casinos?
|Safety and Security
The safety and security of both your personal and financial details is a significant issue when it comes to any online casino. This is where Bitcoin casinos surpass regular casinos. In addition to using SSL encryption technologies, your funds are stored in cold wallets which are not linked to the website and this makes it impossible for hackers to access your cash.
Bitcoin is pseudonymous and as such your personal information is not disclosed during a transaction. Bitcoin casinos allow you to play your favorite games without revealing your personal data and any transaction you make will never be recorded on your bank or credit card statements.
Considerable Transaction Fees
Blockchain transaction fees are far lower than conventional methods and some Bitcoin casinos will allow you to make deposits and withdrawals at zero cost; hence, you get to keep more of your money. However, it is important to note that Bitcoin isn’t completely fee-free since there is a commission to be paid when buying or selling BTC.
Bitcoin casinos offer instant deposits and instant withdrawals. While instant deposits are quite standard with most banking options, it is not the case with instant withdrawals. Thus, if you are looking to get your money quickly, Bitcoin is the best option.
Potential Issues with Bitcoin
Our aim is to give you a complete overview of this payment option which is why we have to point out the disadvantages of using Bitcoin at online casinos.
No Official Protection
This is one of the main concerns when using Bitcoin. Ideally, when your bank account gets hacked, you could report to the police and get your money reimbursed by your bank. However, if your Bitcoin wallet is hacked, there is no way to get your money back.
Limited Selection of Bitcoin Casinos
Unlike payment options such as VISA and MasterCard which are accepted by a majority of online casinos, casinos that accept Bitcoin are limited. We have outlined for you some of these platforms above.
Deposit and Withdraw with Bitcoin
As earlier mentioned, deposits and withdrawals with Bitcoin are instant which allows you to start playing immediately as well as have your withdrawals in your wallet within minutes. Here is an outline of how to deposit and withdraw winning from your Bitcoin online casino
How to Deposit in an Online Casino
Step 1: Log in to your favorite Bitcoin casino and go to the cashier section
Step 2: Select Bitcoin as your payment method and enter the amount you wish to deposit
Step 3: You will be redirected to your Bitcoin wallet where you will receive a Bitcoin key
Step 4: Enter the key into the payment field to confirm the payment
Step 5: The payment will reflect immediately into your account and you can start playing immediately
How to Withdraw from an Online Casino
Step 1: From the cashier section choose Bitcoin as your preferred payment option
Step 2: Enter the amount you wish to withdraw and confirm the request
Note: Not all Bitcoin casinos that allow deposits offer the option to withdraw; hence, always confirm that your casino has this functionality.
Is it legal to play with Bitcoins at online casinos in Kenya?
Absolutely! Although cryptocurrencies have a ruined reputation of being used by criminals, the use of Bitcoin in gambling is completely safe and legal.
What games are offered at Bitcoin Casinos?
At BTC casinos, you will find a full range of games including slots, table games, and live dealer games. These games are powered by renowned software providers such as NetEnt, Betsoft, and Microgaming.
What is the minimum and maximum deposit amount?
The amount you can deposit varies among operators but in most cases, the minimum deposit limit will probably be 0.0001BTC. Most Bitcoin casinos do not have a maximum deposit limit.
What are the alternative payment options to Bitcoin?
There is a wide range of payment options you can choose other than Bitcoin when playing online. These include debit/credit cards, M-Pesa, Airtel Money, bank transfer, and e-wallets such as Paypal and Skrill.
What are the best Bitcoin casinos?
Although there are not very many Bitcoin casinos, there are several that accept Kenyan players. Check our ranking of the best Bitcoin casinos.