Quick Answer
Buy Bitcoin on a regulated exchange and then transfer it to your personal Bitcoin wallet. From your personal wallet, send your Bitcoin to the casino deposit address. Do not send your Bitcoin directly from the regulated exchange to the casino as they may freeze your exchange account.
Step-by-Step: Buying Bitcoin and Funding Your Casino
1
Choose a regulated exchange
Use a well-known regulated exchange such as Coinbase, Kraken or Binance. Use Coinbase if you are new to Bitcoin as they offer a very user-friendly website. Coinbase is available in the United States and the European Union. Use Kraken for the lower fees or Binance for the wider selection of Bitcoin-based cryptocurrencies.
2
Create an account and verify your identity
To trade on a regulated exchange you will have to complete the KYC (Know Your Customer) verification process to confirm who you are. The KYC process requires you to provide a government-issued ID and take a selfie with your document. The whole process takes between 5 and 30 minutes. It is only required once to open your trading account and you should not use false information because your withdrawals will be prevented.
3
Buy the amount you want to play with
Always ensure that you do not buy more Bitcoin than you are prepared to lose. It is possible to use a bank transfer to purchase Bitcoin as this will have lower fees. However, if you use a debit card you will pay between 2 and 4 percent fees on your transaction. Bitcoin is volatile so you should buy the amount that you calculate will have the highest value at the time of your purchase.
4
Withdraw Bitcoin to your personal wallet FIRST
Send your Bitcoin from the regulated exchange to your personal wallet. This will ensure that the exchange does not have knowledge of your transaction to the casino. The fee for this transaction on the Bitcoin blockchain is typically between 1 and 3 dollars.
5
Send from your wallet to the casino
Open your personal Bitcoin wallet and copy the deposit address of your chosen casino. Paste the address into your wallet, enter the amount that you would like to deposit into the casino and click "Send." Your Bitcoin transaction will take between 10 and 30 minutes to be processed and once it is your casino account will automatically update with your deposit.
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Never send directly from exchange to casino. Do not send your Bitcoin directly from your exchange to the casino as all three of these regulated exchanges explicitly state in their Terms of Service that they do not permit gambling activities. By sending your Bitcoin to a casino the exchange may suspend your account and confiscate your Bitcoin.
Major Exchanges Compared
| Exchange | Best For | Fees | Verification Speed | Available In |
|---|---|---|---|---|
| Coinbase | Beginners, simple UI | 1.49–2.99% | 5–15 min | US, EU, UK, AU |
| Kraken | Low fees, strong security | 0.16–0.26% | 10–30 min | US, EU, UK, CA |
| Binance | Widest options, low fees | 0.10% | 15–60 min | Most countries (not US) |
| Crypto.com | Mobile-first experience | 0.40–2.99% | 10–30 min | US, EU, UK, AU |
| Gemini | US users, regulated focus | 0.5–3.99% | 5–20 min | US, EU, UK |
Common Mistakes That Cost Players Money
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Sending from Exchange Directly
Sending Bitcoin directly from a regulated exchange to a casino is the number one mistake made by Bitcoin casino players. The Terms of Service for these exchanges do not permit gambling activities. Hence, their accounts may become frozen and the player may lose access to their Bitcoin funds.
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Typing Addresses Manually
Ensure that you do not make a mistake when entering your Bitcoin address. If you add one wrong character in your address your Bitcoin will be sent to another individual and will be gone forever. Always copy and paste your Bitcoin addresses and ensure that the first and last 4 characters of the address match what is displayed on the screen.
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Sending More Than Planned
Bitcoin transactions cannot be recalled so ensure that you have decided on how much Bitcoin you would like to deposit into the Bitcoin casino before you begin playing. Do not send more Bitcoin to the casino than you plan to play with and ensure that you do not leave extra Bitcoin in your casino wallet.
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Using a Clipboard Hijacker Victim Device
Be careful about the devices that you use as some devices may contain clipboard hijacking malware that will replace your copied Bitcoin address with an address of an individual seeking to send you Bitcoin. Always ensure your device is free of any malware, especially if you are sending large amounts of Bitcoin. In this case, it is recommended that you use a hardware wallet to avoid this risk.
Key Numbers to Know
$1–3
Typical Bitcoin network fee per transaction
10–30 min
Typical on-chain confirmation time
0.0001 BTC
Typical minimum casino deposit