These days most of the online casinos of various countries have started to offer Bitcoin or BTC or cryptocurrency as a payment method to players to make a deposit and BTC and also withdraw winnings in BTC. Most popular US and Canadian online casinos are popular BTC casinos to play games. Australian online casinos are not that popular yet but few casinos do offer BTC mode of payment. As Bitcoins stand outside of conventional currency systems, there is the potential for a much faster, safer and more cost-effective transfer of funds.
Also transfers are peer-to-peer without involvement of any bank, which means that BTC money transfers can be instant. As a result, they can be completely anonymous, so there’s no risk of hackers obtaining personal details during a transaction.
There are many reputable bitcoin exchanges in Australia and setting up an account is very straightforward. Most will ask for a few forms of identification but once you are set up you can buy and sell bitcoins with just a few clicks. Some even offer setting up regular purchases. Here are a few of the larger exchanges like BitCoin Australia, CoinJar, CoinLoft and CoinTree
Once you purchase the bitcoins using Australian dollars they will become available in your account for you to send elsewhere. As with real money, it’s important to get a good wallet.
But if you choose an Australian friendly online casino to play and bet with BTC you need to consider few things.
Is Australian friendly online casino offering BTC deposit or not
Though software companies like NetEntertainment and Microgaming both offer compatibility with Bitcoin deposit methods, so if you are used to playing with conventional currency and want to stick with trusted software providers, there are Bitcoin online casinos for you too.
But still not all Australian friendly online casinos like Spin Palace, Jackpot City and others accept Bitcoin. So check with the casino’s deposit or banking page. Also ask the customer support team about the availability of BTC as deposit mode.
1. Look at deposit and cashout of BTC
As you know there are two ways you can store your Bitcoins – in the cloud, a bit like an e-wallet, or on your computer in the form of hard data. If you opt for the former; you’ll need to ensure your Bitcoin casino supports fund transfers via Bitcoin clients like Blockchain; and others as said above.
It’s also important to check your Bitcoin online casino’s payment policy; to make sure they take advantage of the instant fund transfer potential of the currency. Some say withdrawals can take longer. Make sure that all transactions are free too. When it comes to Australian Casinos; consider that once you deposit in Bitcoins; these will most commonly be converted into a flat currency. (1 Bitcoin equals 3432.91 Australian Dollar)
2. Online BTC casino should be safety and secure
Though Peer-to-peer Bitcoin transfer is private by default; so there is no risk of losing personal information during a transfer; but online casinos are required to check your identity; and therefore hold some personal information, alongside any funds you store in their wallet. So it’s important to ensure it’s protected.
Usually Bitcoin online casinos will publish a security policy outlining key measures; and the footer of the page should contain a security certificate along with the logo of whichever company provides their security.
3. Online casinos should be legit and regulated by governing body
As Bitcoin isn’t tied to any nation-state; but online casinos are required to comply with the relevant laws of any country in which they operate. Like Spin casino (it does not offer BTC) is regulated and licensed by the Kahnawake Gaming Commission. Also find that online casinos use random number generator tests; and are eCOGRA or Gaming Laboratories International (GLI) certified; and offer fair and secure gaming.
Therefore consider the above points when visiting an Australian friendly online Bitcoin casino to play games; so that you are safe and have responsible BTC gaming. It is always better to ask the customer support of an online casino; if you are in doubt; and also read the terms and conditions of the online casino and play when you are satisfied.
Also if you do not find BTC Aussie friendly casino then no worries; just click here for many other online casinos to play games and deposit and win in your own AUD currency.