Bitcoins and cryptocurrencies, are one of the most popular payment methods in Singapore. In this guide you can find the best bitcoin casino, where you can play safe and have a good time.
In bitcoin casino guide you’ll learn:
- The best bitcoin casinos you can play at from Singapore
- How to create a new account
- How to stay anonymous while playing with bitcoin
- Depositing and withdrawing your funds
How to use bitcoin at a Singaporean online casino
Before you start playing at a bitcoin casino, you first need to have bitcoin to spend.
In this short guide, you’ll learn everything you need to know about using bitcoin at a casino.
If you don’t already have an account I recommend buying them at Coinbase. But there are several options to choose from.
Start out with creating an account, filling in all the necessary details.
Now you need to add a card or connect your bank account to purchase either your bitcoin or another cryptocurrency.
Coinbase purchase & fees
As you might be aware, there are fees attached to paying with bitcoin at an online casino. For smaller deposits of $10 it’s a huge fee of 9.99 %, but it goes down rapidly when increasing the purchase to $100.
When depositing $100 or more, the fee goes down to 3.84%.
When you’re done you confirm the payment.
Now you could make a deposit at a bitcoin casino and start playing from Singapore.
How to make a deposit to a bitcoin casino
In our example depositing to BetWinner Casino, the minimum deposit is 0.12 mBTC. This equals to about 2.11 SGD at the current rate. 0.12 mBTC is the same as 0.00012 BTC.
When making a deposit at a bitcoin casino the transactions aren’t always instant. When I made a deposit I got a message that it could take up to 30 minutes before it’s processed.
When making a deposit with Coinbase you’re always prompted with a 2FA, so make sure you have your phone with you.
After making a deposit, I got a new message saying the transaction to the bitcoin casino usually completes within 10 minutes.
In the end it took around 15 minutes for me to see the balance in my account at Betwinner.
If Coinbase for any reason is not allowing the transaction to go through directly to a Singaporean online casino, it’s better to use an intermediary, such as blockchain.com.
If that’s the case you follow these steps to make a deposit at a bitcoin casino:
- Create and fund your account at Coinbase
- Create your blockchain.com account
- Send your funds from Coinbase to your Blockchain account
- Make a deposit to the casino
Use a different bitcoin wallet for privacy security when withdrawing
When you win at a bitcoin casino, you can make a withdrawal to your Coinbase account. However there are links between Coinbase and your identity. If you want privacy security, you would want to transfer your BTC to an incognito bitcoin wallet.
In this example I’ll show you how to set it up through Blockchain.
Before you make a withdrawal from your bitcoin casino to your wallet, it first has to be created.
Visit Blockchain.com and set up an account. You only need to enter your email and set a password.
To make sure your account is protected, you can use a 2FA like Google Authenticator. Download it to your Android or iOS device.
However, this is totally up to you. You can protect your account with only a strong password if you wish.
If you’ve paired Google Authenticator with your Blockchain account, every time you log in or make a transaction you’ll use both your password and the code in the app.
Make a withdrawal at a bitcoin casino
When making a withdrawal through your Blockchain account, you need your account address.
Click request, and then copy the address shown in the image below.
Then you need to request a withdrawal at the bitcoin casino you’re playing at.
You simply copy the address from your account like in the picture above, to the address field when making a withdrawal from your bitcoin casino.
Also remember to choose the amount you want to withdraw (it’s cut from the screenshot below).
Make sure it is correct. If you enter the wrong address neither Blockchain, nor the Singaporean online casino can help you out.
Keep in mind that the minimum withdrawal limit from a Singaporean bitcoin casino can be higher than the minimum deposit. Betwinner has for instance a minimum withdrawal of 0.85 mBTC.
When you’re ready you confirm the transaction.
It will depend solely on your bitcoin casino how fast the withdrawal is. Some can process it within a few hours, with others it takes several days.
Using Blockhain.com you can choose to withdraw with the following cryptocurrencies:
- Bitcoin Cash
- USD Digital
After you’ve gotten paid by a bitcoin casino, you can make a withdrawal through Blockchain to your personal bank account. Before withdrawing you can easily exchange your BTC to SGD.
You can also choose to leave it in your wallet or transfer it to Coinbase before you make a withdrawal. That’s totally up to you.
Now you’re all set to play at a bitcoin online casino of your choice.