Noticed a rapid increase in the number of bitcoin casinos advertising in South Africa? This is understandable since bitcoin is the best-known cryptocurrency in circulation today.
This guide will tell you why bitcoin is such a popular online casino payment option. Apart from highlighting the advantages of depositing via bitcoin, our expert team will also provide you with advice on how to buy and store bitcoin in South Africa.
Overwhelmed by the number of bitcoin casinos that exist? We understand. There are literally hundreds of sites claiming to be the best. To save you spending countless hours researching where to play, our expert team has meticulously reviewed every bitcoin casino in South Africa on your behalf. It can be difficult to pick just one casino, so we’ve created a list of your best options.
the best possible bonus for your money, right? We make sure jaw-dropping bonus offers are accompanied by fair terms. We read the small print for every bonus on every bitcoin casino that we review to ensure you’ll get a great deal. We’ve even secured exclusive bonuses with some of the leading bitcoin casinos to reward you further.Best Bonuses: You want
Varied Game Selection: A handful of games isn’t going to entertain you for very long. For this reason, we ensure every bitcoin casino we recommend boasts an ever-growing library of games. Sites with an array of slots and table games from various gaming giants naturally score higher in our reviews. We also like to see speciality games offered for further variety.
Reliable Customer Support: Ever contacted support at an online casino only to be put on hold for what seems like an eternity? We’ve been there, too. We test each support option provided by every bitcoin casino we review. In addition to timing how long responses take, we also ask a series of questions to identify how knowledgeable the support staff are.
Fast Payments: We know you want to deposit funds instantly and receive withdrawals within a reasonable timeframe. Bitcoin transactions take a little longer to clear than traditional payment options due to the verification process involved, but we don’t think they should take longer than 10 minutes. We also time how long withdrawals take to reach us.
Good Security: This should be a given at every bitcoin casino. We like to put you at ease by only recommending the most secure online casinos. We do this by checking out the security measures in place at every site we review. We give higher scores to online casinos that offer a two-step authentication process. This provides an extra layer of security to your account.
In short, bitcoin is a form of digital money known as cryptocurrency. Bitcoin was first revealed in 2008 by Satoshi Nakamoto, an alias for the person or group credited with inventing it. Transactions are carried out between users on the peer-to-peer bitcoin network completely anonymously and recorded in a list of records known as a blockchain. It’s an extremely secure form of payment.
Bitcoin is still a relatively new payment option when it comes to online gambling. We noticed an explosion in the number of online casinos offering bitcoin around 2014. This was due to the increasing number of players who wanted to use bitcoin to gamble online. You’ll be spoilt for choice when it comes to bitcoin casinos nowadays, but we’ve identified the top sites for you to join.
Don’t worry, buying and storing bitcoin isn’t as complicated as it might sound. Firstly, you’ll need to get yourself a bitcoin wallet. This is where your bitcoins will be stored. Bitcoin wallets are quick and easy to download. This means you could find yourself playing at one of our recommended bitcoin casinos in just a few minutes.
Wondering what the best bitcoin wallet is for South African players? Each member of our expert team resoundingly agrees that GreenAddress should be your number one choice. It’s a user-friendly wallet that is great for beginners and advanced bitcoin users alike. It’s also a multi-signature wallet, meaning additional layers of security are applied to each of your bitcoin transactions.
Now that you’ve got your bitcoin wallet created, it’s time to fund it. Bank transfers are the most popular method of funding a bitcoin wallet. Most services also allow you to purchase bitcoin using debit or credit cards. Once you’ve selected your preferred option, simply enter the amount of South African Rands (ZAR) you would like to deposit. The BTC equivalent will then be added to your wallet.
You can then deposit at bitcoin casinos using your wallet. This is also where your withdrawals will be sent by the online casino when you are lucky enough to hit a big win. It really is that straightforward.
payment options available at online casinos in South Africa ? We’ve already touched on a couple of the main benefits of playing at bitcoin casinos. It’s now time to take a closer look at why our experts think you should use the popular cryptocurrency when gambling online.Wondering why you should choose bitcoin over the array of other
Anonymity: Blockchain technology allows you to gamble without entering personal details or banking information. The only information a bitcoin casino will have about you is your bitcoin wallet address, your email address, username and password.
Smaller Fees: The majority of our recommended bitcoin casinos won’t charge you any fees when depositing or withdrawing. However, we know that some sites do apply a processing fee. This is often as little as 0.0001 BTC, so it goes virtually unnoticed.
Fair Gambling: Top rated online casinos that support blockchain technology prove how fair their games are through a transparent verification process. This process is known as hash cryptography. It’s very technical, but all you need to know is that every outcome is fair.
Security: Your BTC transactions will be encrypted multiple times during the transfer process between your walletand the online casino. Despite this, it’s imperative that you safeguard your private keys and wallet addresses. Never share these with anyone else.
Register Quickly and Easily: The registration process at bitcoin casinos means you can start playing great games in seconds. Just register using an email address and enter your desired username. You then link your bitcoin wallet to your account and start playing.
Despite the many benefits associated with using bitcoin at online casinos, there are a couple of reasons why it might not be your preferred payment option.
Fluctuating Value of Currency: You’ll notice that the perceived value of bitcoin changes daily. This means your BTC balance could be worth less than the previous day. You could also benefit from BTC increasing in value, but the volatile swings can be tough to tolerate.
Too Technical: Despite outlining the process of playing at bitcoin casinos in layman’s terms, we understand many of you will still feel overwhelmed by its technicalities. Stick to traditional online casinos if you don’t fancy dealing with private keys and wallet addresses.
Anonymity and lack of fees are just two reasons why we think bitcoin is an amazing payment option to fund your account at an online casino in South Africa. Still not convinced it’s the right option for you? Don’t worry. We have plenty of alternative payment options for you to choose from.
Credit Cards: There is no need to worry about the fluctuating value of bitcoin when you use credit cards like Mastercard or Visa to fund your online casino account. You can deposit your South African Rands (ZAR) instantly upon completing the registration process. Withdrawals are also processed very quickly to ensure you get your winnings added to your credit card within a few days of making the cash-out request.
E-Wallets: Payment options like Neteller and Skrill are ideal if you’re looking for instantaneous withdrawals without going down the bitcoin route. Deposits are processed instantly, while withdrawals are usually completed within 48 hours. This might not be as fast as bitcoin withdrawals, but it’s important to remember that you’ll receive your winnings in your e-wallet as ZAR. You can then withdraw funds to your bank account quickly and easily.
Pay by Phone: Enjoy playing incredible casino games using your smartphone ? Then why not consider using the pay by phone option that some South African online casinos offer? This convenient service adds your total deposits straight onto your next phone bill. This essentially means that you can play now and pay later, unlike bitcoin. Just make sure you have enough money to pay your balance in full every billing cycle.
Absolutely. Many of our recommended online casinos accept BTC deposits and then convert your balance from bitcoin to ZAR. The reason for this is because so many players prefer to play using fiat currency. This means you’ll be in no doubt about how much you’ve won when you hit a big win. Another conversion will then take place from ZAR to bitcoin should you decide to withdraw. Once your bitcoins reach your wallet, you can then easily request a withdrawal to your bank account.
The faster, the better, if you ask us. Bitcoin casinos understand that you want your winnings in the blink of an eye. Naturally, withdrawals at some online casinos are far faster than at others. You’ll receive your winnings in your bitcoin wallet within minutes of making a withdrawal request at some of our recommended bitcoin casinos. It will take others between one and three days to process your withdrawal.