Bitcoin Price, Buy, Faucet, Wallet, Tips and Tutorial

How to Deposit & Cash Out Bitcoin in Fiat Casinos

Chris in Bitcoin Gambling published on 8, February 2017

More online fiat casinos choose to integrate Bitcoin payments into their system. This is a great move for operators since they can broaden their market by attracting online players who prefer to use bitcoins.

When it comes to making a Bitcoin deposit and withdrawal, online casinos have different ways to process Bitcoin transactions . Some casinos accept Bitcoin deposits only, while others limit its players to one withdrawal per seven days. But more players still prefer being able to deposit and withdraw bitcoins .

Here are four of the hundreds of online fiat casinos that have already added Bitcoin to their accepted payment methods, along with how players can do banking in bitcoins.

Drake Casino

Depositing Bitcoin to Drake Casino is straightforward. Players will need to create their own Bitcoin wallet for the Drake Casino account. Players can send bitcoins to their account by depositing the digital currency to the Bitcoin address provided by the casino.

Drake Casino processes Bitcoin deposits and withdrawals

In order to withdraw Bitcoin from a Drake Casino account, however, players need to contact the casino’s support team. Bitcoin withdrawal is not available for players who made a deposit with a credit card or bank transfer. Those who made a deposit with Bitcoin, on the other hand, are eligible for Bitcoin withdrawals. It is also possible for players to withdraw their Bitcoin winnings to the BitPay Visa card. BitPay is a Bitcoin payment service provider that also provides a physical prepaid Visa Bitcoin card.

Red Stag Casino

Red Stag Casino accepts Bitcoin deposits. The casino requires a minimum limit of $10 worth of Bitcoin for deposits. Red Stag Casino currently does not have any option to withdraw Bitcoin to a Bitcoin wallet. This means that the Bitcoin deposits are converted to real money that can be used on the games. As such, withdrawing the winnings would only be available via checks, wire transfer, Skrill, and NETELLER.

TonyBet

Players can deposit and withdraw Bitcoin at TonyBet . The company aims at making the casino accessible to cryptocurrency owners. With the added Bitcoin payment, TonyBet is looking to increase its player retention rate.

Tonybet processes Bitcoin deposits and withdrawals

The online sportsbook, casino, and poker room uses the services of SpectroCoin to process Bitcoin deposits and withdrawals. When players deposit bitcoins to their TonyBet account, Spectrocoin converts the digital currency to fiat currency. Bettors also have the option of withdrawing fiat currency as bitcoins. Thanks to Spectrocoin’s service, players can use real-world currencies when making bets on TonyBet’s games.

Joe Fortune Casino

Joe Fortune is another online casino that allows both deposits and withdrawals of Bitcoin. To deposit Bitcoin, players click the ‘make a deposit’ option on the Dashboard page and select Bitcoin in the drop-down menu on the next page. This will give the Joe Fortune Bitcoin address account where they can directly deposit bitcoins. This Bitcoin gambling sites also provides a QR code that contains the Bitcoin address.

Players can also opt for Bitcoin withdrawals by simply entering their Bitcoin wallet address and specifying the amount they wish to cash out.

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