Switching to bitcoin may be the best thing you ever do for your casino bankroll and bonuses. This currency has been gaining steam since Satoshi Nakamoto released it 10 years ago. It’s now found its way to the online casino realm, which has welcomed it with open arms. There’s no denying that transaction fees and lengthy withdrawals that are inevitable with traditional deposit methods are a sore spot for most online casino players. No one wants to win a progressive jackpot and then have to wait 15 business days to start their spending spree. As a result, people are slowly shifting away from big banks in search of new ways to process online transactions, and there’s no better way to do that than with bitcoin.
Not only are casino deposits and withdrawals more efficient with bitcoin, you also get the best bonuses in the casino industry as an incentive to try out this new form of e-cash. If you’re not sure how to get started, we’re here to assist; this page is just one of the several bitcoin casino resources you’ll find available at Ignition Casino. Here, we’ll go over all of the different ways to profit from using bitcoin at Ignition Casino and explain how to get started using bitcoin today. You can also use our Bitcoin Help section to answer specific questions regarding deposits, withdrawals, limits, fees, and more general inquiries. We’ll get started with a brief explanation of what bitcoin is and where it came from.
A simple way to think of bitcoin is as a peer-to-peer currency that can be used for online transactions in any country—peer-to-peer means there is no inclusion of any banks or governments. Inspired to invent “a new electronic cash system” with no central authority, programmers working under the name of Satoshi Nakamoto publicized their idea for the cryptocurrency 10 years ago in a paper called Bitcoin: A Peer-to-Peer Electronic Cash System. At first, the value of bitcoin was negligible, as the only market was cryptographers, but with time, it reached a wider market who saw the value in this innovative new form of currency.
In what would go down in history as the first bitcoin transaction for consumer goods was the purchase of two Papa John’s pizzas facilitated by a third party in Florida for 10,000 BTC (worth roughly $30 then, which converts to $105 million now). We hope the pizza was worth it because those are likely the most expensive pizzas ever purchased.
A lot of people are interested in bitcoin but don’t know where to begin. In order to hold bitcoin, you need a digital wallet with a unique address code downloaded on your computer or smartphone—depending on how you want to access it. These wallets are simple enough to get; you’ll find a number of options when you check out the app store on your phone or the list of them available on Google Play. Find one that looks good to you and install it. Be certain to write down your password and keep it somewhere safe because the security with these wallets is strong.
With your digital wallet installed, and the password safely stowed away, you can take the first step to buying bitcoin on an exchange server. Coinbase is a popular choice as it offers currency traders the security of an insurance policy. You’ll need to set up an account with the exchange server, which requires submitting a copy of your photo ID. Once you have your account set up, you’re ready to buy (and sell) bitcoin. Be sure to register your wallet address in order to have them sent to your wallet upon purchase. With bitcoin in your wallet, you’re free to use them to make deposits and start reaping in the benefits at Ignition Casino.
One of the major benefits to using bitcoin to fund your bankroll at Ignition Casino is the speed of payouts. While we strive to provide speedy payouts for all withdrawal methods, bitcoin is by far the fastest way to get your casino cash in hand. Once your withdrawal is authorized, payment via bitcoin can take just 15 minutes to process. Compare that to the 10 to 15 business days that it takes a check to be delivered by courier, and you can see why bitcoin is a popular choice for casino play at Ignition Casino.
As you’ll see in our Bitcoin Casino Bonuses and Promotions section, another great benefit to using bitcoin to fund your bankroll is to get the most free money possible with our various casino promotions. In order to encourage players to use bitcoin for deposits and withdrawals, we offer more generous bitcoin casino bonuses.
When you deposit with bitcoin, the currency will be converted to USD, making it easier to keep track of in your casino bankroll. It’s not possible to have bankroll reflect the value of bitcoin, but you can certainly deposit with bitcoin and withdraw via bitcoin in order to maximize the benefits.
If you like to bet with bitcoin, online casino games are your best option. All of the games found in our casino are available to play for real money payouts when you deposit with bitcoin. The casino games that people enjoy the most when depositing with bitcoin are the ones that offer the flashiest payouts, like slots, because you know that you can get your hands on the payouts fast when withdrawing through bitcoin.
Another reason people gravitate to slots when depositing with bitcoin is because slots (and specialty games) are the fastest route to completing playthrough requirements for the various bitcoin casino promotions and match bonuses. We’ll explain this in more detail in the “How to Use Bitcoin Bonuses to Improve your casino Bankroll” section below.
You’ll find the following three bitcoin casino bonuses and promotions available at Ignition Casino at all times.
To mark the first bitcoin deposit, we have a welcome bonus that will seriously beef up your casino bankroll. Enjoy a 200% match bonus that’s good for up to $2,000 in bonus money to be used in our casino. Deposit $1,000 to take full advantage of this bitcoin casino bonus.
Even after you take advantage of the Bitcoin Welcome Bonus, you can continue to collect bonus cash just for using bitcoin. It doesn’t matter if it’s your second time depositing with bitcoin or your 100th time—our Bitcoin Deposit Match Bonus will toss you 25% of your deposit in bonus cash as a show of our appreciation for your deposit choice. That’s good for up to $1,000, which goes towards play in our casino.
If you like the games we offer at Ignition Casino, chances are, your friends will too. Every time you refer one of your friends, you collect 200% of their initial deposit for up to $100 in bonus cash. Friends who deposit a minimum of $20 with bitcoin are especially valuable, as you collect an extra $25 on top of the 200% match bonus.
After reading about the three major bitcoin promotions offered at Ignition Casino, you may be wondering how they will boost your casino bankroll. You’ll see their effect immediately, as the bonuses are instantly applied to your bankroll after you input the bonus code. Let’s say your first deposit is $1,000; if you apply the Bitcoin Welcome Bonus code when depositing, your bankroll will jump to $3,000 (including your $1,000 initial stake). One thing to keep in mind is the playthrough requirement that comes with the casino bonus money. With the Welcome Bonus, that $3,000 must undergo a 25X playthrough before any of it (including the winnings associated with it) can be withdrawn.
The type of casino games you want to play can also affect how effective the bitcoin bonuses will be at improving your bankroll. For example, if your only intent is to play the casino game Craps and nothing else, the casino bonus is not going to help you, since Craps doesn’t contribute to playthrough requirements. All other casino games do contribute—albeit at varying levels. Slots and specialty games will get you through the playthrough requirements fastest, and table games (except for Single Deck Blackjack, Double Deck Blackjack, Roulette and Baccarat) have the second-biggest contributions to casino playthrough. As you’ll see in the Bonus Terms and Conditions, there are also differences in contribution levels depending on which casino bonus you’re working through. Fully understanding the terms and conditions will ensure that you’re using bitcoin casino bonuses to get the maximum value for your bankroll.
Bitcoin’s following has been expanding steadily since it was launched in 2009, which shows that there is an appetite for a new singular currency that goes beyond borders thanks to its virtual properties. Make sure you’re ahead of the curve by joining the bitcoin market today.