More and more online casinos are choosing to offer cryptocurrency payments for players to use for all their transactions. Although these betting sites still offer traditional payment methods such as debit cards and bank transfers, many more players have started relying on crypto payment options to make secure deposits and swift withdrawals. There is a reason for this, and it is mainly because players want access to a more reliable and faster form of payment. Come along with us as we explore Bitcoin and other popular cryptocurrencies at Irish online casinos!
Bitcoin
There is no doubt that Bitcoin is one of the biggest cryptocurrencies in the world. This cryptocurrency appeared back in 2009. By then, the entire concept of digital currencies seemed so abstract that Bitcoin got very little attention. Between 2013 and 2017, this changed, and Bitcoin became even more popular! Bitcoin was priced at $213 in early November 2013 and just 12 days later, this figure doubled to nearly $435! In 2014, Microsoft started accepting Bitcoin payments, and it went up from there!
Implementing Bitcoin at online casinos was complicated at first, and this was mainly because a lot of countries did not consider cryptocurrency legal tender. The first online casino to accept Bitcoin was SatoshiDice, named after the creator of Bitcoin, Satoshi Nakamoto. This was in 2012. This casino lets players all over the world gamble with Bitcoin, and the only payment requirement is a Bitcoin wallet. This led to more and more online casinos opening up their doors to Bitcoin and other cryptocurrencies!
If you are new to the cryptocurrency world, using Bitcoin to make your online transactions might seem like a daunting task. However, we are here to assure you that it is not. Using Bitcoin to make your gaming transactions is a pretty straightforward procedure.
Let’s have a look at the steps you can follow to start your Bitcoin betting journey!
- First, you need to own Bitcoin. You can buy Bitcoin from trusted online cryptocurrency exchanges!
- The next thing to do is choose a digital wallet to store your Bitcoin. Make sure not to lose access to your wallet’s private key. If not, you risk losing access to your precious coins.
- After this, find a licensed Bitcoin casino Ireland that matches your expectations and create an account.
- After you register for an account, make your first deposit and start playing your favorite games!
If you are unsure about which Bitcoin online casino to choose, then you can access the Irish online casino.i.e., site. Here, you will find a host of licensed and safe betting sites that accept Bitcoin! Some of these sites have exclusive welcome bonuses for players who sign up and use Bitcoin to make their first deposit!
There are two types of Bitcoin casinos:
- Bitcoin-exclusive sites: These casino sites work only with Bitcoin and offer exclusive and generous bonuses to all new joiners. You will not find a lot of Bitcoin-exclusive casinos since players prefer to have access to several payment options.
- Bitcoin sites that accept Fiat and Bitcoin: These sites are a lot more inclusive and give players access to the best of both worlds! Here, you have access to traditional payment methods and Bitcoin, so you can use whichever is more convenient for you!
Ethereum
Although this cryptocurrency is nowhere as popular as Bitcoin, it is a close second! More and more casino operators are incorporating Ethereum into their payment systems and offering generous bonuses to players who use it! You will hardly see Ethereum-exclusive casinos, and this is mainly because players prefer to have access to several payment options.
However, this payment method is becoming more and more popular. As its popularity rises, developers are starting to work on gaming applications that might be Ethereum-exclusive.
Tether
Introduced in 2014, Tether has gained so much momentum that calling it one of the most popular cryptocurrencies in the world would not be a stretch at all! If you would prefer a stable coin (a cryptocurrency that doesn’t have constant price fluctuations), then Tether is a great alternative to Bitcoin! This is because this cryptocurrency is theoretically pegged to the US dollar! This limits volatility and is great for players who would prefer to avoid losses that come about due to price fluctuations.
Although this cryptocurrency offers great prospects to players, the betting sites that offer Tether are quite few.
Dogecoin
For a cryptocurrency that was created as a ‘joke,’ Dogecoin is still standing strong and can be used to play at your favorite crypto casino! This currency was created in 2013 to satirize the cryptocurrency hype. Ironically, the coin got so much traction that the creator decided to actualize it into real crypto software!
Just like Bitcoin, Dogecoin needs to be stored in a digital wallet. Once you join a trusted digital wallet, you can start betting with this cryptocurrency!