Bitcoin Payments: A Quick Guide for Aussie Online Gamers

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Bitcoin is a decentralized digital currency which unlike other forms of currency, is not controlled by an administrator or a bank. Launched in the year 2009, Bitcoin has grown to be the largest cryptocurrency in the world, and its invention marked a new era of payment systems never anticipated before. Most Aussie online casino players prefer it because of its decentralized nature, anonymity and impregnable security and it has been accepted as a payment option in many Aussie online casinos.

However, since it is still a rather new adaptation in the world of internet gaming at large, lots of players don’t understand how Bitcoin works and how they can use it to load and cash out when gaming online. To make things crystal clear for you if you have any doubts about this new generation payment method, spare the next few minutes to read our guide.

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Does Bitcoin Require Activation?

Bitcoin doesn’t require any activation. It just takes creating your account of a secure Bitcoin wallet using your email address. From the wallet, you will also have options of where you can buy the Bitcoins around the world from exchange sites and the devices which support the wallet apps. Bitcoin can be exchanged for the other currencies globally or products and services.

How to Deposit in an Aussie Online Casino Using Bitcoin

Funding your account using bitcoin is very easy, follow the quick guide below:

  1. First, you have to create your online Bitcoin wallet on the web or download the wallet apps on your smartphones.

  2. Then you can purchase your Bitcoins from regulated exchange sites using your debit or credit card or even exchange it with a friend

  3. Lastly, you can log into your casino account, and under the banking section select Bitcoin as your preferred depositing method enter the amount. You can then enter the unique address in your wallet to complete the payment.

  4. Alternatively, you can make instant transactions on mobile by scanning the casino’s QR code. For this, look for the QR code on the casino’s website.

To avoid inconveniences always confirm the transactional limits in the casino’s terms and conditions because the limits will vary from one casino to another.

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Bitcoin Security

Bitcoin employs the blockchain technology making it impossible to modify or manipulate the monetary transactions and thanks to its decentralized nature, and it can’t be controlled by any single person or institution for that matter.

Final Review

Here are the advantages and disadvantages of Bitcoin as a payment option

  1. Instant transactions

  2. Anonymous payments

  3. Completely safe and secure

  4. Virtually non-existent fees for transactions

  5. It isn’t controlled by any government or institution thanks to its decentralized nature

  • Not widely accepted by Australian casinos

  • Its volatile nature makes its value fluctuate unpredictably