Of all the payment methods in an online casino, the most exciting and also unknown one is Bitcoin. There are plenty of online casinos where you can pay with Bitcoin and more and more players are using this deposit method.
But how does it work exactly, and what are the pros and cons of using Bitcoin in an online casino? This article provides all the help and advice you need when using Bitcoin as a payment method in an online casino.
What is Bitcoin?
Bitcoin is a form of electronic money which you can use to pay online without any interaction from a financial organisation, e.g. a bank. Bitcoins are managed in a digital wallet and there are several of these available. Bitcoins can be received when you have a digital wallet. You can also transfer and save them.
Bitcoin was born out of an experiment on the internet which started out slow, however at present it is growing fast and is becoming more and more popular. Basically it's a network or community of millions of people who agreed with each other to pay with Bitcoins.
Bitcoins exist on a large network of computers who constantly make calculations to ensure that all Bitcoins are invariable and stored safely in the network.
The value of 1 Bitcoin is between 300 and 500 euro and varies a lot. Alongside paying online with Bitcoins you can also trade with them.
Open a Bitcoin Wallet
To make transactions with Bitcoins you need to open a Bitcoin Wallet. You can open a Bitcoin wallet by downloading a software from a site so you have the wallet on your computer, or control your bitcoin wallet online. The advantage of having your Bitcoin wallet on your computer is the fact that it's safer against hackers and if the Bitcoin site where you have your wallet closes, you might lose your Bitcoins. A disadvantage would be if your laptop was stolen, then hackers may be able to gain access to your Bitcoin Wallet.
Once you open a wallet you are given a unique address, existing of 23 letters and numbers. In every wallet you can make new addresses. Transactions in the Bitcoin Network are public but anonymous, therefore the unique address is always visible but not with the connected person.
How to get Bitcoins?
There are a few ways of getting Bitcoins in your wallet. The easiest way is to buy Bitcoins by depositing money from your bank to your Bitcoin wallet. You need to have an exchange to make this type of transaction. A very reliable exchange site is kraken. You need to verify your basic details before you can make a transaction but this is for your own security.
Once everything is verified you can make a deposit and get bitcoins in your wallet. The deposit needs to be done by Wire Transfer and has a minimum deposit (in case of kraken it's €50).
Other ways of getting Bitcoins is by carrying out jobs online and earning Bitcoins or have Bitcoins sent by a friend or relative.
How to make a deposit with Bitcoin in an online casino?
Firstly you need to find a casino which accepts Bitcoins as payment method. We take as example a deposit in Omni Slots. You open an account with the casino or login if you already have an account and visit the cashier to pay with Bitcoin. You follow the steps from the cashier and choose Bitcoin as the payment method. When you click submit you will be redirected to a Bitcoin payment site, in this case coinfy.
When you have a bitcoin wallet you can copy the bitcoin address (for example: 1JpURt9EuGdP96freX7krk4kWmpQU2F1SW) in your bitcoin wallet page and make the transaction. Or you can click on the big button which says 'pay using Bitcoin client'. The last option is to click on the link below the button when you don't have bitcoins yet.
When you have a Bitcoin Wallet, copy the address and paste it in the 'Pay to' field. You will be asked to provide a name in the Label field for your address book and select the amount you would like to pay. Then click send and the casino will receive the bitcoins and your account will be credited with the correct amount.
Withdrawing money with Bitcoins
When you want to withdraw your winnings to your Bitcoin Wallet you need to select Bitcoin as the withdrawal method in the casino and fill in the fields. You need to choose the amount you want to receive and fill in your Bitcoin address. The casino will then send the bitcoins to your Bitcoin wallet.
In order to convert Bitcoins to Euros, you need to use the exchange again in the same way as depositing money. You can also choose to keep the Bitcoins in your wallet and use them on other sites.
The future of Bitcoins
There has been lots of attention from the media which has had positive effects on the conversion rate of Bitcoins. Some experts expect the value of Bitcoins to increase to thousands of euros. However the big fluctuation in the conversion rate is still a bit problematic.
Bitcoin video slot
Casino Software provider Endorphina produced a video slot with a Bitcoin theme in January 2026. Satoshi's Secret has bitcoin related symbols and an amazing bonus game where you have to hack passwords to collect awards. These awards can be converted into Bitcoins to keep it away from security forces.
Another feature of this game is to predict the exchange rates of the Euro, US Dollars and British Pounds. Satoshi's Secret is available at all casinos who use Endorphina software.
Get ready to choose your Bitcoin casino
Are you ready to deposit with Bitcoin and find a good and reliable casino? Visit our Bitcoin casinos page and choose your favorite casino. Once you know how the Bitcoin wallet and transactions work, you'll see how easy your next transactions will be. We recommend to play at Omni Slots when you want to use Bitcoins as payment methods. This is a very reliable casino with good customer support.
