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How do I cash out bitcoin from an online casino?
Withdrawing winnings using bitcoin is quick, easy and fee-free. The virtual currency can be used as a reliable banking option at many casinos online, so if you want to play real money online casino games then sign up with a reputable bitcoin casino. In general, in 2019, only offshore casino sites accepting US players allow payments in bitcoin.
It is important when playing online casino games that a player can find a safe banking option to cash out one’s winnings. Players are aiming to win real cash after all.
With bitcoin your anonymity is secure. The service enables the safe deposit and cash out using nothing but a bitcoin address to which bitcoins need to be sent or received. In addition, withdrawing with bitcoins is quick, easy and comes with virtually no transaction fees.
bitcoin is based on blockchain architecture, which is essentially a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data.
In order to make a withdrawal from a bitcoin casino, players must first have won bitcoins by playing games as well as cleared out the wagering requirements if you have claimed a bonus. When you request a withdrawal, bitcoins are sent from your online casino account to your bitcoin wallet address. You may have to convert USD into bitcoin before making the transaction. Some offshore casinos also pay slot and table game winnings purely in bitcoin.
Players should login to their online casino with their username and password. Go to the Cashier and hit the Withdrawals tab. Eligible casinos will have a bitcoin option available. Click on the logo and enter your bitcoin wallet address. It’s the long number that is used exclusively for your withdrawals. Enter how much you want to withdraw, either in bitcoins or as a USD amount. Once you hit the Submit button, the process should be instant.
Withdrawals are super fast, usually being processed immediately, and you should get your winnings within 12 hours. In most cases, you don’t have to pay any extra withdrawal fees. We advise having a desktop-based cryptocurrency wallet like Electrum.