Bitcoin at SA Online Casinos

Bitcoin is getting more and more popular on South African gambling sites, as both new international operators enter the market and existing brands start integrating crypto in their cashiers. The team of Which Casino prepared this article to guide you through every aspect of using BTC on these platforms.

What is Bitcoin at South African Online Casinos?

Bitcoin is the most popular cryptocurrency in the world, so there is no surprise you can also use it on online gambling platforms. There are many operators that accept BTC for deposits and withdrawals, so crypto enthusiasts won’t have an issue finding a platform to play on.

It is an international payment method, so it is also possible to use it outside of the local market. However, it is worth pointing out that Bitcoin transactions are not anonymous in contrast to what many people believe. In fact, every single transaction is logged on a public ledger, which should be taken into account when using this cryptocurrency for financial operations.

Pros and Cons of Using Bitcoin at SA Online Casinos

Much like any other online payment option, Bitcoin has both its advantages and drawbacks when it comes to using it at SA casinos. Let us go through all of them to help you make an informed choice and decide whether it is worth using it for you.

Pros

One of the main advantages of BTC relates to the processing of transactions. Even though you do need to wait for a couple of minutes for the blockchain to finalize a coin transfer, it is still incredibly quick. Moreover, most operators have Bitcoin payouts automatized, meaning your winnings will be sent out immediately upon request.

Additionally, BTC comes with much better banking terms compared to most fiat payment options. The minimum deposit and withdrawal requirements tend to be very low and affordable, while the maximum caps are either very high or non-existent at all.

Many South African Bitcoin casinos also offer exclusive promotions for this payment method, allowing you to grab some extra freebies and have a significant boost in the games.

Since Bitcoin is the most popular cryptocurrency, it is also the most common coin you will find on online gambling sites. In fact, for many operators in South Africa, BTC is the only coin they accept for deposits and withdrawals.

Cons

The main downside to using any cryptocurrency for online payments relates to the so-called gas fees. These are either fixed or proportional charges that you need to cover for using the blockchain. Most SA online casinos process deposits and withdrawals for free, but you will still need to leave a portion of your money behind if you’re using BTC.

Bitcoin is particularly known for its relatively high gas fees, which is still fine for medium or large transactions, but is very significant for low-budget players.

As we have previously mentioned, the transactions are not anonymous, and they are also irreversible. Once you send the money out, there is no support team that can revert the transaction, which leads us to the last drawback we would like to cover.

Using BTC for transactions is a bit more complicated compared to conventional online payment methods. You need to set up a crypto wallet, purchase the coins, and then manually send them to a given address, all of which might be confusing for users who are not as tech-savvy.

Is Bitcoin Worth Using at SA Casinos?

Summing up, Bitcoin is not as ideal as many crypto enthusiasts like to paint it. There are some significant drawbacks associated with using it, but if you feel none of them will have a negative effect on your personal experience, BTC definitely has the potential to be a great banking option at SA online casinos.

We believe that it is not worth setting up a crypto wallet only to use it at online casinos, as it is usually much easier to use EFT or a credit card for these purposes. However, if you’re already using crypto and are familiar with how it works, there is indeed nothing stopping you from doing so on SA gambling sites.

How to Deposit and Withdraw Bitcoin at SA Online Casinos

The process of making deposits and withdrawals via Bitcoin might be a bit tricky, so let us break it down into simple steps to help you have a smoother start at SA online casinos.

Step 1: Create a Wallet

Visit Binance, Kraken, or another crypto exchange platform to set up a wallet. You can also create a wallet outside of these exchanges, but it won’t be as intuitive and seamless.

Step 2: Purchase Bitcoin

Visit the exchange and purchase Bitcoin via one of the accepted payment methods.

Step 3: Register at the Casino

Create an account at the SA Bitcoin casino you wish to play at.

Step 4: Launch the Cashier

Launch the cashier by clicking the Deposit button. Select BTC as your payment method and configure the transaction.

Step 5: Send out the Coins

You will be given a wallet address to which you need to manually send your coins. Make sure to double-check the address when making the transfer, as BTC transactions are irreversible.