Top Conventional Payment Options in Bitcoin Casinos: Find the Best One for You

Following Bitcoin’s launch in 2009, Bitcoin Gambling platforms took the world by storm in 2011. These Casinos function similarly to classic online gambling platforms and perform better than Brick and Mortar Casinos. Since their inception, these Casinos have been revered for the fantastic features they offer to their players. These features include impressive game libraries, jaw-dropping bonuses,  and, most especially, the opportunity to gamble with their Cryptocurrency. However, Bitcoin Casinos have evolved over time, and players can now make deposits in fiat currencies over some eligible mediums. After extensive research, we have highlighted some eligible fiat payment mediums and compiled this article to ease you into making your first fiat deposit at any Bitcoin Casino of your choice.

Overview of Conventional Payment Options in Bitcoin Casinos

This section contains everything you need to get caught up with the top conventional payment options in Bitcoin Casinos. We have provided this information to answer the questions that accompany conventional payment options at Bitcoin Casinos; what are these options like, and what should you expect from using them? 

Paysafecard

Paysafecard is the world’s leading prepaid card that allows players to make completely anonymous payments using a 16-digit pin. Since this payment method is independent of any financial institution and players do not need to provide any information to use it, players can purchase the voucher from any outlet with the card on sale. What are some of the perks of gambling in Paysafecard Bitcoin Casinos?

• Paysafecard offers a fully anonymous payment process
• Purchasing the Paysafecard voucher is extremely easy with over 600,000 outlets.
• Instant deposit processing 
• Paysafecard

PayPal

PayPal is an e-Wallet that facilitates payments directly between the player and the Casino. Unlike Paysafecard, an anonymous payment method, PayPal is a virtual account that requires some of the player’s financial information to function. PayPal is also one of the few payment mediums that have expanded its operations off its website and allow users to access its services via a mobile app. Also, PayPal has a crypto wallet feature that equally allows players to execute Crypto transactions via the website or mobile app. The advantages of PayPal Bitcoin Casinos include:

• Secure payment medium
• Free transaction processing as long as there is no conversion necessary

Neteller

Neteller is also provided by the Paysafe company and is mainly used to exchange funds between consumers and merchants. Although Neteller was launched in 1999, this platform started processing transactions between players and Casinos in 2000. Neteller has also optimized its services to keep players on their toes by introducing a VIP program that affords players low fees and higher transaction limits. Aside from making payments in Neteller Bitcoin Casinos, players can also request for a Net+ Card to use at ATMs to withdraw their funds. What should you be looking forward to when using this payment option?

• Neteller allows players to players to request for a Net+ Mastercard
• Available in over 17 currencies
• Neteller also allows players to process transactions in over 25 different cryptocurrencies.

Cash App

Formerly operating under the name Square Cash, Cash App is one of the best payment options in the United Kingdom and the United States. How do you facilitate payment at Cash App Bitcoin Casinos? All that is required for players to use Cash App is to create an account, link their bank account, generate a Cashtag, and they are good to go. However, due to the limited availability of this Cash App, since it’s only available in the UK and the United States, not a lot of crypto gambling platforms process transactions with it. Some of the perks of using this option are:

• Cash App also processes Crypto transactions
• Asides from gambling, Cash App allows its users to invest in stocks via the platform
• Players can choose slow processing time if they do not wish to pay the 1.5% fee

Comparison of Conventional Payment Options in Bitcoin Casinos

Although all these options are excellent Fiat deposit options at Bitcoin Casinos, some of their features and requirements vary. This is why we have highlighted some of the features that are on a need-to-know basis down below.

Transaction Conditions

Similar to Crypto transactions that sometimes charge blockchain maintenance fees, these deposit options also incur a minor charge on transactions executed using them. However, these charges vary depending on the payment option you use. Some of these options also allow players to opt for slower transaction processing times to avoid some of the fees that might be incurred. Following our review of these options, we highlighted the charges and transaction processing time below.

Security

All four of these transaction options have tasked themselves with protecting the information of their users. However, Paysafecard is still the most secure option because players do not need to provide any personal data to use it. Cash App is also a very secure fiat deposit option because aside from employing an impressive encryption measure to protect users’ data, the mobile application is also tasked with securing every user’s account with a four-digit pin or allowing players to login into their accounts using their biometrics.

Ease of Use

Generally, the most accessible of these payment options is the Paysafecard. Why? Paysafecards can be purchased anywhere, ranging from your neighbourhood post center to licensed retail stores around you. Next on the list is Cash App. Players can access their Cash App accounts via the website or the Cash App mobile app. Additionally, Neteller and PayPal offer their services on mobile applications and feature impressive security and anti-fraud measures.

Factors to Consider When Selecting The Best Conventional Payment Option in Bitcoin Casinos

Considering that there are a variety of Fiat deposit options to use at Bitcoin Casinos, how do you select the best one for you?

• Personal Preference: Always consider your preference. This can be influenced by whether you already have an account or have seen someone close to you use it without any errors.
• Availability: Given that these payment options are not available worldwide, players should always review the availability of the payment options in their location.
• Purpose of Use: considering this comes with a personal question; “is this account going to be solely for gambling?” this is because of the dependence of some of these options on financial institutions and how detrimental it might prove to a player’s financial records.
• Recommendations: You can also meet up with other users of this option or go online to read reviews of past users to get a good idea of what to expect when using the payment option.

Conclusion

Bitcoin Casinos are undoubtedly the best thing to happen to the iGaming industry. These platforms provide the best anonymous gambling experience to the players and assure players of top-notch security and enticing bonuses. However, not everyone is a Crypto enthusiast. This is why most Bitcoin Casinos now accept fiat deposits through some of the safest transaction mediums. Some of these fiat deposit options also offer the same level of anonymity as crypto transactions. In this article, we have highlighted some of the features you need to know to make your first fiat deposit at any Bitcoin Casino of your choice and start claiming your share of the fantastic bonuses.

Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.

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