Bitcoin is a cryptocurrency - a form of electronic cash. It’s a decentralized digital currency without a central bank or any single administrator. It can be sent from user to user on a peer-to-peer network without the need for intermediaries, which also means minimal transactional fees.
There’s a little set-up before you’re up and running, but we’ve put together a quick 3 step guide for you to follow. With this once-off, QUICK-START guide, future purchases will be just one lightning fast and convenient step!
We’re available 24/7 to assist, so just pop us a message if you get stuck anywhere along the way, via any of our contact channels below
Your Bitcoin wallet is equivalent to a bank account. It allows you to buy and send Bitcoin.
If you already have a wallet you like and works well for you, skip to step 3. If not, read on...
Our recommended wallet is Coinbase for the following reasons:
Coinbase lets you buy Bitcoins instantly with a credit or debit card. Here are step-by-step instructions to help make the buying process easier for you.
Open up the Coinbase app, select "Sign Up", then follow the prompts to setup your free account – it’s really quick!
In order to start trading, just like any other account involving financial transacting - for your data and personal information protection, you will be required to complete an account verification by submitting proof of identity – This is done digitally through the app – again, very quick, simply follow the app prompts!
Finally! Time to make a Bitcoin deposit and get spinning!
Your transaction will show as pending on your Coinbase app for a few minutes, but can take a little longer during busy trading hours – Please contact us if your deposit hasn’t hit your account in +/-15 minutes.
Once your transaction is accepted in your Coinbase app, you will receive a confirmation email and your casino account will automatically be credited.
And that’s it! You’ve just made your first Bitcoin deposit! Future deposits will be much faster – Simply start at step 3, or step 2 if you’re low on Bitcoin to deposit with.
Bitcoin transfers can be a bit sporadic. Every transaction needs to be recorded and affirmed in the “Blockchain” –this is effectively a ledger for Bitcoin (Due to it being a decentralized, digital currency). This affirmation can take time, especially during busy trading hours.
To ensure that transactions are processed in a timely manner on the Bitcoin network, transactions typically incur a "mining" or "network" fee.
This fee is paid to digital currency miners, which are the systems that process the transactions and secure the respective network. Coinbase incurs and pays these fees directly to minimize the hassle for us, the users.
Accordingly, Coinbase will charge you a fee based on the estimate of the network transaction fees that they anticipate paying for each transaction. This fee is much lower than general banking fees at approximately $0.40 - $0.99 per transaction, regardless if the transaction is international or not.
In certain circumstances, the fee that Coinbase pays may differ from that estimate. All fees you are charged will be disclosed at the time of your transaction.
This step effectively speeds up your transactions. Research shows, that when this fee is paid, delays of any kind become almost impossible to see, and these transactions get VIP service.