Online Bitcoin casinos incorporate the payment system into their platform. So, players can use it to deposit or withdraw money. To complete transactions, players need a Bitcoin wallet. This could be a mobile, hardware, or web-based wallet. The wallets act like a storage bank. This is where users receive, store, or send Bitcoin.
Irish players acquire Bitcoin from a crypto exchange such as Binance or Coinbase. They can buy it using cards or bank transfers. Afterward, they transfer the BTC to their wallet. Note that some exchanges support a wallet function. This way, players buy, store, and send BTC from one platform.
Depositing BTC in a Bitcoin casino is easy. First, the player creates a casino account and log in. Then, they visit the cashier. Here, they choose Bitcoin from the list of payment options. At this point, the casino will display its BTC address. Copy and paste it into your Bitcoin wallet. Enter the amount that is not lower than or higher than the casino's deposit limit. Approve the transaction and wait for the funds to enter your casino account.
BTC deposits are processed within one minute. Withdrawals are also quick and follow the same process. However, in this case, the player will copy his Bitcoin wallet address and paste it into the casino’s withdrawal by Bitcoin field.
Transactions on Bitcoin online casinos are recorded on a Blockchain. Meanwhile, this blockchain is decentralized. In other words, no one can manipulate the records. By allowing parties to verify payments, the platform guarantees fairness. Cryptographic security increases safety. At the same time, players don’t share financial details. So, your personal data is safe.