Grande Vegas online casino has introduced a convenient new betting option for online gamers that allows players to transfer payments via bitcoin. Bitcoin is a popular cybercurrency which is often favored over traditional online payment methods due to its strong security protocols and quick transaction times. Players who prefer to use a credit or debit card, an evoucher or a wire transfer can still do so thanks to the multiple choices offered at the Grande Vegas banking page. But for punters who want the convenience of using crypto for their gaming adventures, Grande Vegas offers that opportunity for both low-stakes and high-rolling gaming events.
Bitcoin
The days when Vegas casino players could walk into the casino with a bundle of cash and play through their bankroll are, today, a distant memory. Worries about theft, money laundering, counterfeit currencies and other criminal enterprises have made land-based casinos wary about accepting greenbacks. Most Vegas and other brick-and-mortar casinos have accepted the online casino’s practice of facilitating financial transactions online.
For many years, online casino players had few choices for depositing money into their online casino accounts and withdrawing their winnings back into their bank account. These included credit and debit cards, evouchers and ewallets, wire transfers to and from the user’s land-based bank account and echecks.
Once cybercurrency was introduced in 2012, online casinos quickly recognized the advantages that such structure could offer to Internet gamers and casinos.
- Cybercurrency is the most secure online transaction option available. It can’t be counterfeit but can only be minted via a software code that uses one-way encryption with a highly complex cryptographic puzzle. It is immutable and indivisible. Crypto is censorship-resistant, meaning that no one can ban it. The multi-level confirmation protocol adds additional security.
- Crypto payments can’t be frozen or blocked. That means that, regardless of any other financial obligations that you have, your withdrawals will be processed immediately and you’ll receive your payouts as per the Terms and Conditions written in your casino contract. The transactions are anonymous to give you privacy as you conduct transfers of currency.
- You won’t have to pay any third-party fees with crypto transactions.
- Crypto transactions can’t be reversed or refunded. This is advantageous to both the casino and the player because the protocol provides security against fraud, builds trust between the parties involved in the transaction, reduces operational costs and enables global accessibility.
- Crypto is recognized by international banking agencies and land-based banks so you can use your cybercurrency for additional crypto transactions or to transfer money to and from your brick-and-mortar bank account. A growing number of merchants and services accept bitcoin globally.
- Currency transactions for crypto are much more favorable than are those using fiat currency.
Using Crypto for Casino Gaming
One reason that online casino users give for not taking advantage of the crypto option for making real money bets and collecting payouts involves the unknown. Using crypto is different than using traditional payment methods so, they think, it’s too technologically advanced and not suitable. But it’s actually easy to get started with crypto transactions.
Many financial advisors suggest using Bitcoin, especially for new crypto users. According to financial advisors, since Bitcoin has the largest network, it is built on top of the most secure database and has the most legitimacy in the eyes of retail and institutional investors. In addition, the value of many currencies declines due to inflation but because Bitcoin has a hard cap on the number of coins that can ever be minted, it offers protection against inflation.
To get started, check your Internet connection. It must be fast and reliable. Once you set up an account with Bitcoin or any other currency exchange, you’ll be asked to verify your identify for the Know Your customer (KYC) exchanges.
To do this, you’ll need to submit your personal data (name, date of birth and address), a photocopy of a government-issued ID (driver’s license, passport, etc) and a proof of address from an official document (utility bill, bank statement, etc.)
Next, you need to get a cryptocurrency wallet. You can choose the type of wallet that works best for you – if you search online you’ll be able to view the options and the advantages and disadvantages of each. Sign up for an account with that wallet and download the software needed (in some cases, you’ll need to buy the device).
When you have your account, you’ll be prompted to set up your security features including your password and a recovery phase. (Keep a copy of your password in a secure location in case you forget it – if you lose your password and don’t have the recovery information, you’ll lose your wallet and all the crypto that you have in it!).
Now you’re ready to purchase cryptocurrency or transfer coins from another exchange or wallet.
Bitcoin at Grande Vegas
Grande Vegas makes it easy and worthwhile to play with crypto. Grande Vegas supports Litecoin, Bitcoin and Bitcoin Cash. In addition, if you choose Bitcoin you’ll be eligible to take advantage of Grande Vegas’s Bonus Cash promotion that can deliver up to $2500 in bonus cash on your bitcoin deposits!
To make a deposit at the casino with bitcoin, enter the Grande Vegas casino’s bitcoin address which you can find on the casino’s Banking page. Enter the amount of bitcoin that you want to transfer, confirm and your bitcoin will arrive in your casino account within minutes so you can start playing at your leisure.
