Introduction To Bitcoin

Bank Transfers and Cash Deposits are two banking methods that are very similar. South African online casinos use Bank Transfers as an easy way to put some moolah into your casino account. This method of banking is secured by the lack of a third party. You can conduct an internet bank transfer from the casino into your bank account to collect your big wins or from your bank account into your selected South African online casino account in the form of a deposit. Some online casino accounts may not be compatible with certain banks so be sure to check out your bank’s compatibility with your online casino.

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How Does Bitcoin Work?

There are certain steps that need to be taken in order to use your bitcoins as efficiently and securely as possible. We are going to walk you through how to get your Bitcoin account up and running ASAP.

Choose Your Wallet (and Back It Up)

When choosing your wallet, you must understand that your chosen Bitcoin wallet must be treated with the same respect as your real wallet. These can be mobile apps, or sites that offer this type of service. If you’re not the type of person to carry R5000 cash in your pocket, you probably shouldn’t be throwing R5000 into your Bitcoin wallet. This is for security reasons and to help you monitor your Bitcoin wallet like you would your real wallet, purse or moneybag (we know that some of you still use those).

Keep your eyes peeled, do some research and select a Bitcoin Wallet that appeals to your needs. Once you have selected a wallet of your preference, back it up and encrypt the hell out of it! Find out which back-up method is used in your chosen wallet and how back-ups work via USB keys. The more regularly you back-up, encrypt and change your passwords, the more secure your Bitcoin Wallet is.

Get Yourself Some Bitcoins

Before you get your hands on some of that Bitcoin, know this: Bitcoin prices are volatile – and volatility means rapid increases and decreases in value. Make sure that Bitcoin is available or activated as a payment method in your bank account so that you can buy Bitcoin using a Bitcoin Exchange method that lets you buy Bitcoin via your bank account, making use of a Bitcoin ATM which works exactly like a regular ATM or browse a Peer-to-Peer interface/directory where you can choose a seller of Bitcoins based on reviews and feedback.

Spend Your Coins! What Are You Waiting For?

You’ve chosen your Wallet, put some Bitcoins in it and now, what? Spend it! Now that you have secure and complete access to a digital currency a.k.a cryptocurrency, what better place to spend it than an online casino! Most online casinos use Bitcoin as a payment method which means you can literally play casino games online with nothing but Bitcoins. Sign up to your favourite online Bitcoin casino and test the theory if you don’t believe us.

Keep your information as secure as possible by not sharing your personal details or security keys with anybody or site that is untrustworthy. You can do some research here but we have a list of casinos that take on Bitcoin as a secure online payment method to get you started.

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