Cryptocurrencies have become the most important payment system in the world, either to make payments for services or to buy some type of product online, even many non GamStop casinos have begun to accept them as a payment method.
In this review we will talk about Bitcoin, which is not only the first cryptocurrency on the market, but also the most used in online casinos. Don’t miss out on what best bitcoin casino offers customers!
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Safety First!
Bitcoin was born as an alternative payment system in 2008 created by Satoshi Nakamoto, in which blocks of information were “mined” which had a monetary value in the market, giving rise to the other cryptocurrencies that we see in the market today.
Regarding security, both as a general payment method and for online casinos, Bitcoin is governed by a blockchain, which keeps a record of all transactions made and cannot be altered or deleted. In other words, it is virtually impossible to hack such information for criminal purposes.
Unlike other payment methods, Bitcoin does not follow KYC protocols or GDPR regulations to identify its users; instead, users use a link where their crypto wallet is stored and a pseudonym by which users can be identified, giving a degree of anonymity to the payment process.
Are There Any Fees Associated With Bitcoin Payments at Non GamStop Casinos?
In short, yes. In fact, paying with Bitcoin implies having to pay some fees to those in charge of keeping the network running. Now, the point is that the value of these fees may vary depending on the size of the transaction in bits and not the amount to be transferred.
On the other hand, the casinos not on GamStop that accept this cryptocurrency as a valid payment method do not usually ask you for a commission for providing the service, which is a very important advantage.
How to Make a Deposit or Withdrawal Using Bitcoin?
Unlike other payment methods, with Bitcoin you will not have to provide your personal details to validate the payment, so instead you will have to follow these steps:
- Access the casino and select the “Deposit” or “Withdrawal” option.
- Paste your crypto wallet address
- Place the amount in BTC
- Wait for the process to be validated, which will not take more than a few minutes, and that’s it!
Solutions to Common Problems Associated With Using Bitcoin at Non GamStop Casinos
No payment method is perfect, and Bitcoin is no exception. Therefore, we suggest you read this section in case of failures or problems associated with this payment method:
I can’t withdraw my funds
The non GamStop casino may only accept withdrawals via payment methods previously used to make a deposit. Additionally, verify that the data of your crypto wallet was entered correctly.
My payment still hasn’t been processed after several hours
Sometimes a Bitcoin payment can take up to 24 hours to process, but if it takes longer than that, we suggest contacting the casino’s customer support team.
I want to claim an offer by a bitcoin deposit
This is always at the discretion of each operator whether or not to accept a payment method to activate their offers. For this reason, we recommend always visiting the operator’s terms and conditions section.
Bitcoin vs. Other Payment Methods
To begin with, Bitcoin is an extremely secure payment system thanks to the blockchain technology, so we will not have problems with respect to fraud or theft.
Additionally, those casinos that have this cryptocurrency will be able to process payments in record time, since it is not necessary to enter the player’s personal information.
However, the only major flaw we have to consider is that their fees can be quite high, depending on the casino receiving or making the payment and their location.
Conclusion
Bitcoin is an excellent payment method for players who prefer to remain anonymous, not to mention that a growing number of casinos not on GamStop have developed their platform to exclusively accept cryptocurrencies as a form of payment.
Despite this anonymity, Bitcoin applies the necessary protection systems through the blockchain technology so that no user is the victim of fraud, allowing said issuers to know the recipient account of said funds.
