Sites for transferring Bitcoins
Most bitcoin users would use blockchain.com and coinbase.com together when transferring or moving their cryptocurrencies. Coinbase is a secure platform that makes it easy to buy, sell, and store cryptocurrency. Blockchain works as a cryptocurrency wallet, which gives you additional security and anonymity. The two sites used together ensure absolute security and anonymity.
They are easy to use, so depositing to an online casino won't be a problem.
Once you set up accounts with a Bitcoin wallet, cryptocurrencies are easy to use in online casinos
Steps to Creating a Coinbase.com Account
Coinbase allows you to convert any currency into cryptocurrency for a very minimal fee.
Once you created an account on coinbase.com, you will get a verification email. After the email verification, you can also set up a two-factor identification for added security.
As the next step, you will need to link your new Coinbase account to your bank account and debit card if you want to make instant purchases. Linking your account to Coinbase is entirely safe; account numbers and routing numbers are stored using bank-level AES-256 encryption on their servers, and all traffic goes over SSL to prevent third parties from eavesdropping on your connection.
On the main screen, there is a section with "Buy/Sell" where you can make your purchase. You can enter the amount you want to exchange in dollars, and the system will automatically calculate how many bitcoins you can get for it. Once you made your first buy, you can send your bitcoins to your Blockchain account.
Steps to Create a Blockchain.com Account
With Blockchain, you are only able to use cryptocurrency in all transactions. Blockchain doesn't deal with banks at all, and there is no way to link your account to your bank or exchange dollars to Bitcoins
as you do with Coinbase. However, you can send and receive cryptocurrency.
To set up a Blockchain account, go to blockchain.com and create a wallet. Once you filled out the registration form and verified your account, you can log in and generate an address. Your bitcoins from Coinbase will be sent to this address. You need to request the amount from Coinbas, follow the instructions, and your bitcoins will be ready to be spent in a bitcoin casino.
Bitcoin safety and security
In recent years there were multiple phishing attacks against Blockchain and Coinbase. Users who were the victims of these attacks did get money back from the companies, and Coinbase also insured its transactions through Lloyd's of London.
These companies continue to be a target for hackers, but their security rivals or outperforms many of the largest financial institutions. Do your research before opening an account at Blockchain, Coinbase or any other cryptocurrency websites.
Spending at an Online Casino
The Bitcoin should be sent to an address provided by the online casino. When you click send on your Blockchain account, you will need to fill in a form. Make sure all your details are correct before you click "Send Bitcoin." The amount will show up on your account, and you can start playing soon.
To make a withdrawal, the casino will request an address from you to where they will send your winnings. Click on "Request" in the Blockchain account and the address to be generated. Send the address to the online casino company, and they will send your Bitcoins there. You can leave your Bitcoins in the Blockchain account or transfer it back to Coinbase to convert it to dollars and send it to your bank account.