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How to play at online casinos using Bitcoin

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How to play at online casinos using Bitcoin

How to play at online casinos using Bitcoin

Tue Feb 08 2022 08:40:00 GMT+0000 (Coordinated Universal Time)

There is a growing number of online casinos with Japanese language support. Among these casinos, many services let you play using the cryptocurrency Bitcoin. Many online casinos accept Bitcoin for payment, and they also allow players to use Bitcoin directly in casino games. Learn about the advantages of using Bitcoin and how to deposit it to play.

First, purchase some Bitcoin

Before you can play at online casinos using Bitcoin, you first need to buy and store Bitcoin. This is how to buy and store Bitcoin.

How to buy Bitcoin

First, you need Bitcoin to play at online casinos. There are two ways to purchase Bitcoin.

The first way is to buy from a broker in a crypto marketplace. The second way is to buy and sell with users on a crypto exchange. Some brokers operate both a market and an exchange.

For example, bitFlyer operates both a market and an exchange. In the market, you can purchase Bitcoin held by brokers. On a crypto exchange, users who have Bitcoin buy and sell directly from each other.

You can buy Bitcoin right away in a market, but an exchange offers lower transaction fees. The market is suited for beginners to cryptocurrency, while those with experience can buy and sell Bitcoin on an exchange.

How to store Bitcoin

There are a couple of ways to manage Bitcoin you purchased. You can manage Bitcoin by using a “wallet”. You can deposit your Bitcoin in a wallet hosted by the exchange you are registered in, or manage it using a wallet application installed on your PC or smartphone. 

Most of the time, using any of the two methods to manage your cryptocurrency is enough. There are also hardware wallets such as USB memory sticks that provide added security.

How to deposit and withdraw Bitcoin on online casinos

This is how you can deposit and withdraw Bitcoin on online casinos.

How to transfer Bitcoin to an online casino

There is only one way to deposit Bitcoin to your online casino account. You have to transfer Bitcoin from your crypto wallet to the “address” specified by the online casino.

When you open the Transfer menu of the online casino, you will see an “address” and a “QR code” that you can use to deposit into your casino account. Use this address when transferring from your exchange account and use the QR code when using a smartphone app. 

To transfer Bitcoin using your crypto wallet, there are two options: Log in to your registered account on an exchange to make the deposit or use your smartphone app to make the deposit.

After logging into your registered account at an exchange, you will see the “Transfer” option in the Menu. Here you can copy and paste the amount and address specified by the online casino. When using a smartphone application, read the QR code instead of copying and pasting the address.

Using either method will transfer funds from your registered account on an exchange to your online casino account.

How to withdraw Bitcoin from an online casino

To withdraw Bitcoin from your online casino account, copy and paste the address of the crypto wallet you want to send it to, and enter the amount you want to transfer.

Regardless if you log in to your account on a cryptocurrency exchange or use your wallet in your smartphone app, the address for receiving the funds will be displayed. Copy this address and paste it on the online casino's Withdraw screen.

It’s important to make sure that the address is correct.

Considerations when paying with Bitcoin

If you use the wrong address, the Bitcoin you transferred will not be refunded. If you have copied the recipient address and selected “Withdraw” from your registered account on an exchange, make sure to paste that exact address.

Let’s say you copied the address provided by an online casino but pasted it with part of it missing. If the transfer is completed in that state, the Bitcoin cannot be refunded to you since you do not know where it was sent. Additionally, if you send the funds to a different address, the Bitcoin will not be refunded to you.

Advantages of using Bitcoin to play at online casinos

This section explains the advantages of using Bitcoin to play at online casinos.

No need to present identification documents

In general, online casinos that let players play using Bitcoin do not require identification documents. Even those who are uncomfortable giving their personal identification such as their driver’s licenses or My Number card to overseas sites can use the services without worry.

However, some online casinos require you to present identification documents if you deposit or withdraw above a certain amount. In addition, online casinos where you have to convert Bitcoin to US dollar and other fiat currencies to play games require you to provide identification documents.

You can find out whether an online casino requires you to submit identification documents by checking their Terms and Conditions.

No transaction fees

Another advantage is that most online casinos do not charge fees when you deposit or withdraw Bitcoin. In contrast, many online casinos charge fees when you withdraw Japanese yen, US dollar and other fiat currencies.

It is a major advantage that you don’t have to incur such costs when you use Bitcoin.

Withdraw quickly

Another advantage of Bitcoin is that it can be credited quickly. When it comes to withdrawals, most online casinos take a long time to process Japanese yen and US dollars. Withdrawals by bank transfer in particular, may take several days to be credited. On the other hand, Bitcoin can be credited in just a few hours.

However, online casinos will review the withdrawal starting from when the request was placed up until the actual process. This is to confirm that the gameplay does not violate their terms of use.

This review time varies depending on the online casino, so the time it takes you to withdraw Bitcoin will vary from service to service. Once the casino completes its review process, you can receive the funds within a few minutes after completing the withdrawal procedure. 

No limit on transactions

Most online casinos that accept Bitcoin payments do not set limits on deposits and withdrawals. Even if there is a limit per visit, there is no daily or monthly transaction limit.

This is perfect for high rollers who make large bets. Especially because many online casinos set an upper limit for payments made using fiat currencies.

Pay attention to Bitcoin price fluctuations

There is one thing you need to keep in mind when using Bitcoin to play at online casinos which is that the price of Bitcoin fluctuates daily. Although the US dollar and other foreign currencies also fluctuate daily against the Japanese yen, Bitcoin is known for its greater volatility.

For example, in 2021, at its lowest in January, 1 BTC = JPY2,968,795. At its highest in November, 1 BTC = JPY7,794,000. In January 2022, its opening price was 1 BTC = JPY5,325,242. After its high of JPY5,325,242, it fell to a low of JPY3,758,138.

Because of its wide range of fluctuation, its value can greatly increase or decrease. Please keep in mind that timing is also important when withdrawing Bitcoin deposited to online casinos and exchanging them to Japanese yen.

How to play at Livecasino.io using Bitcoin

This is how you can play at Livecasino.io using Bitcoin.

Create an account

First, create an account in Livecasino.io. Go to the official website and tap the “Register in 15 seconds” option located on the upper part of the screen.


The registration screen will open. Enter the following information.

  • Username (alphanumeric characters)
  • Email address
  • Date of birth (selectable)
  • Password

Tick the checkboxes for “I agree to the Terms of Use and Privacy Policy” and “I am not a robot”. You will then be taken to a screen where you will select the images that meet specified conditions. Check the applicable images. Once you have checked all the applicable images, tap “Confirm”.

Lastly, tap “Create Account” to complete the process.


Deposit Bitcoin

Login at Livecasino.io then tap the Menu button on the upper left corner of the screen. In the Menu, you will see “Deposit and Withdraw”. Select “Deposit”.


The address and QR code of the Bitcoin recipient will be displayed here. You can paste this on the Deposit screen of your registered account on an exchange or read the QR code using a smartphone app. Enter the amount to transfer and complete the process.


You can also purchase Bitcoin using a credit card. This means you can add Bitcoin to your Livecasino.io account without having to prepare it in advance.


A verification email will be sent to your registered email address. Check the email to complete the process.

Choose a game

Once you have made a deposit to Livecasino.io, you can start playing games. You can choose a game from the Top Menu, but you can also open the Menu where games are conveniently divided by genre.

For example, selecting “Slots” will open the following screen.


Tap the icon on the upper right corner to show games by Game Provider or to sort by item.


You can sort based on the following:

  • Popularity
  • A-Z
  • Volatility
  • Hit Rate
  • Payout Ratio

For example, sort by “Volatility” if you want to choose a slots game that has a low probability but a big jackpot. Sort by “Hit Rate” to play games that are easy to win but offer small prizes. You can choose to sort in either ascending or descending order.

Join a tournament

Livecasino.io also holds “tournaments” with cash prizes. How about joining one?


Tournaments are played at designated casino games and player’s rankings are determined by stipulated guidelines. The top ranking players will receive prizes.


Withdraw Bitcoin

Livecasino.io lets you withdraw Bitcoin from your exchange account if the total amount of bets on a game exceeds the amount deposited in your account.

To withdraw funds, first open the Menu and tap "Withdraw".


A verification email will be sent to your registered email address. Tap on the email. Open the Livecasino.io Withdraw page again. Enter the amount to withdraw and the recipient address of the wallet to complete your withdrawal request.

Livecasino.io will review the information. If there are no problems with your game history, the funds will be transferred to your wallet.

Summary

There are a lot of advantages in using Bitcoin to play at online casinos. Bitcoin is especially recommended for those who are new to casinos since it lets you play with ease. Livecasino.io allows players to deposit Bitcoin to play games. It’s very easy to register, so how about checking it out?


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How to play at online casinos using Bitcoin