Last Updated on 3 May 2023 by Nicholas Lim
One significant incentive that drives our collective interest in cryptocurrency is the ability to maintain anonymity through the utilization of blockchain technology. Right, our privacy is important to us.
Crypto has become increasingly popular because it allows individuals to keep their financial transactions private, without the need for everyone to be aware of their spending habits or financial resources. It’s nobody’s business but our own. That is the reason why numerous individuals who frequent casinos in Singapore are searching for opportunities to engage in online casino gaming utilizing cryptocurrencies such as Bitcoin.
When dealing with Bitcoin, it’s essential to understand that you must first obtain some before initiating a transaction. This is where you need to link your bank account or credit card with what’s known as an exchange, a place where you can buy and sell bitcoin.
Singaporean online casino that accept Cryptocurrency
Thought this article refer to Bitcoin, all the casinos listed below, accept all sorts of Cryptocurrency including Bitcoin Cash, Ethereum, Ripple, Stellar and so on.
Step one is to create your account at a Bitcoin exchange
At present, two of the most well-liked cryptocurrency exchanges are Coinbase.com and Circle.com. Apart from these, there are also peer-to-peer exchanges available that allow the purchase of Bitcoin. The current market value of a single Bitcoin stands at approximately four hundred and fifty dollars.
Create your Bitcoin wallet
According to the feedback received from users, utilizing transaction hops can assist in upholding compliance with Bitcoin exchanges. These exchanges may disapprove of direct transfers to suspected Online casinos Singapore sites, hence making it crucial not to bypass this step.
Fund your wallet
In step 3 you simply log into your exchange where you just purchased Bitcoin and send this Bitcoin to the wallet you created. To do this simply log into the wallet you created and grab your personal wallet address. Wallet address is long series of numbers and letters, usually labeled “my bitcoin address”. Now copy your address and paste it into your exchange account.
Make final transfer
To access your preferred online casino platform, you need to log in first. Once you’re in, navigate to the cashier section and select the option for bitcoin payments. If the casino accepts bitcoin, you’ll be provided with a unique bitcoin address that you must use for the transaction. To transfer the desired amount, simply copy and paste the provided address into your Bitcoin wallet and initiate the transfer.
That’s it you are done.
To retrieve your Bitcoin winnings from the online casino, you need to follow the opposite procedure. Start by transferring the Bitcoin from your casino account to your wallet, then from your wallet to your exchange, and ultimately from your exchange to your bank account. This will enable you to convert your digital currency into fiat currency and withdraw it to your bank account.