How to Use Bitcoin for Online Gambling?

Author: Live Casino Direct
 
How to Use Bitcoin for Online Gambling?
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There are a number of companies in India accepting Bitcoin as a payment method. HighKart, Sapna, and The Rug Republic are among them. This article explains how to use Bitcoin for online gambling. It starts with purchasing a cryptocurrency and sending it to a wallet. It ends with depositing the money at the platform and withdrawing the amount in fiat currency.

How to use Bitcoin for online gambling? Setting up a Coinbase account. Linking your bank account with it. For instant purchase, you might want to link your debit card.

Link your bank account with Coinbase to buy bitcoins. Add two-factor authentication to add an extra layer of security. For instant purchase, you might want to link your debit card.

A bitcoin wallet is the counterpart of an online bank account. It's used to store bitcoins and other cryptocurrencies. For online gambling, one of the best bitcoin wallets is BlockChain. To transfer bitcoin to your online casino wallet, you need to provide a bitcoin address.

How to use Bitcoin for Online Gambling? Visit BlockChain’s official website and create a wallet. To transfer bitcoin to your online gambling wallet, you need to provide a bitcoin address.

Sending bitcoin from the Bitcoin wallet to the Coinbase account is easy. The fund transfer is quick and you will see the funds in your account right away.

How to transfer money to a Bitcoin wallet to gamble online. The fund transfer is quick and you will see the funds in your account right away.

How to deposit Bitcoin at online casinos and sportsbooks. It would take a few minutes for the money to reflect in your account.

How to use Bitcoin for Online Gambling? Log in to your account (casino/sportsbook) and choose bitcoin as a deposit method. Key in the amount you want to transfer and key in destination address. Transfer the money to the gambling site’s address and wait for the transaction to be processed.

To withdraw your winnings using bitcoin, you have to convert bitcoin to fiat money.

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