For a while now, online casinos in the Philippines make effort to include cryptocurrencies as payment methods to keep up with the market’s demand. You probably know that one of the main Bitcoin’s features is that there is complete transaction anonymity, so you can have an idea why players choose crypto over traditional payment methods. In this article, you will learn what are the important aspects of gambling with Bitcoin, where can you buy it, what are the best online casinos that support it, and much more.
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Top 3 Bitcoin Online Casinos in the Philippines
It is not rare that you came across cryptocurrencies as a payment method in online casinos. Since Bitcoin is one of the most popular ones, you will be able to find it in most online casinos in the Philippines. For that reason, it was not easy deciding what are the top 3 bitcoin online casinos. After thoughtful consideration, we can say that 22bet, 1xbet, and Betwinner stood up the most among their competitors.
What is Bitcoin and can I use it from the Philippines?
Bitcoin is a digital currency, decentralized unlike traditional currencies in every country, and it first appeared in 2009. Today, one Bitcoin is worth almost $40.000 with over 76 million users worldwide. Its popularity is still growing, and more and more people and organizations are including it in their everyday life and business. It is no different in the Philippines. During the past couple of years, Bitcoin found its way to online casinos as well.
Where to buy Bitcoin?
To buy and sell Bitcoin, but other cryptocurrencies as well, you need to use a reliable bitcoin exchange. Bitcoin exchange will allow you to trade traditional currency and other cryptocurrencies and get Bitcoin in exchange. Good examples of exchanges are when they are secure, have low fees, are easy to use, and accept several different payment methods. Some of the most popular ones include Coinbase, Binance, Kraken, Bitso, eToro, Huobi, and others.
The best Bitcoin Wallets
If you are not familiar with this term, a Bitcoin wallet is a type of digital wallet that is used to send and receive Bitcoins. Some wallets are more secure than the others, the ones that are more suitable for mobile users, wallets for more advanced users, cheap and expensive ones, etc. They include Exodus, Electrum, Mycelium, Trezor Model T, Ledger Nano S, and others.
Gambling with Real Money using Bitcoin at Philippine Casinos
If you are a player who likes to gamble with real money in online casinos, as of recently you can do so with Bitcoin as well. More and more operators are including this cryptocurrency among other payment methods for making deposits and withdrawals.
Depositing using Bitcoin at Online Casinos
Making deposits with Bitcoin at Online casinos isn’t much different than depositing with other payment methods. Simply go to the casino’s website, wind the deposit button and click on Bitcoin in the cryptocurrencies section. When you click on in, an instruction will appear, it usually includes scanning QR code and selecting the amount. Transactions are processed instantly, and limits are usually around 2000 PHP for both minimum deposits and minimum withdrawals.
Withdrawals using Bitcoin at Online Casinos
If you deposited with Bitcoin, you can withdraw your winnings with it as well. Go to withdraw section, select Bitcoin and enter the amount you want the withdraw. Withdrawals are processed instantly or in the first 15 minutes. At the best online casinos we mentioned earlier, the minimum withdrawal limit is 2116 PHP.
Bitcoin Welcome Bonuses
At the moment of writing, there is no specific bonus that refers to Bitcoins transactions only. However, welcome bonuses that online casinos in the Philippines offer, apply to deposits made with Bitcoin most of the time. A casino can exclude Bitcoin deposits from the welcome bonus offer sometimes. For that reason, it is very important that you carefully read the terms and conditions of the bonus before your make a deposit.
Pros and Cons of Bitcoin Payment Method
Bitcoin Alternatives in Online Casinos
Online casinos that offer Bitcoin as a payment method usually have a whole section of cryptocurrencies to choose from. Dogecoin, Litecoin, Binance, Chainlink, Ethereum and others are just some of the names from the list.
Of course, there are other, more traditional alternatives for money transactions such as credit cards, bank wires, vouchers, and e-wallets like PayPal, Neteller, and Skrill. These days, players from the Philippines enjoy using Gcash. Gcash is a safe payment method with low costs that is available in the domestic currency (PHP) only.