In recent years, online casino payment methods have progressed a lot. So much so that we’re not confined by the limitations of fiat currency methods only. Plenty of crypto gambling sites accept the tokens for deposits and withdrawals. Many casinos even run on blockchains to ensure the highest level of fairness.
To successfully participate in those casinos and to utilize the potential of the "crypto" aspect, you need a reliable crypto wallet. Luckily, we have one for you right here. We’re going to explore the BitPay online casinos in this post. We’ll explore this method, how it works, how you can deposit, what fees you may have to pay, and plenty of other helpful information.
Online Casinos That Accept BitPay
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Story Behind BitPay
BitPay as a company was launched back in 2011. At that time, Bitcoin was the only known cryptocurrency, and it was yet to capture the world's attention. The visionaries behind BitPay's development saw the potential and decided that the consumers would need a reliable platform to store, swap, buy, and sell Bitcoin shortly. Even for casinos that accept Bitcoin.
Hence, BitPay was developed. It's exactly what it was envisioned. It's a wallet and an exchange that lets you take care of all your crypto needs from one place. It's one of the few non-custodial wallets, meaning you're your wallet's sole proprietor. Even the developers at BitPay don't have access to any of your information.
With time, BitPay has expanded its operations far beyond the scope of Bitcoin only. When writing, you can deal with Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Wrapped BTC, Dogecoin, Shiba Inu, USD Coin, Binance USD, Pax Dollar, Gemini USD, and DAI.
How to Deposit Using BitPay
When you say "deposit", you mean paying for your casino account, right? The transaction is categorized as payments to a merchant. The online casino you choose from our list is the merchant in this case.
As for the deposit process, it's very similar to using any other wallet. However, it's not the same as paying at a PayPal casino or any other fiat currency casino. So, let's go over the steps you must adhere to when depositing with BitPay.
- You'll find options to buy crypto, exchange them, or shop on your wallet homepage. On the bottom section of the app, you can list all the available tokens in your account. Let's say you're using Bitcoin for your casino deposit. Tap on it.
- When you tap on Bitcoin, a new screen will load where you'll find options to "Buy", "Exchange", "Receive", and "Send". Tap on "send" for the deposit.
- At this point, you should have the casino's wallet address. You can find it on the deposit page. Tapping the crypto, you want to use at a casino should automatically trigger the BitPay app.
- Enter the unique wallet address, enter the number of tokens you want to send, and authenticate the transactions.
- The Blockchainshouldn't take more than 5 minutes to verify your transaction and record it. Check your casino account to see whether the funds have shown up.
BitPay Deposit Fee
The great thing about using BitPay online casinos is that there are no deposit fees. The casino, who is the merchant, in this case, will pay a 1% processing fee. However, remember that the "no fee" paradigm only works when you already have crypto in your wallet.
There's a fixed fee if you're buying crypto from the BitPay exchange or swapping any other token for the one you need for the casino deposit. It varies based on where you are.
BitPay Withdrawal Fee
The greatest benefit of using BitPay, or any other crypto wallet, is that you can use the same wallet for withdrawals. The process is just the opposite of a deposit. Instead of putting in the casino's wallet address, you'll put your BitPay wallet address in the withdrawal menu.
So, you're not limited to bank transfer casinos for withdrawals anymore. As for the withdrawal fee, there is none to get the token in your account. However, if you want to use the BitPay card and withdraw the funds from an ATM, there's a fixed $2.50 fee. For countries apart from the US, the equivalent of the fee will take precedence.
The only other fee you have to pay is the "Gas" fee for the transaction on the Blockchain.
Fastest Paying BitPay Casinos in 2022
One of the biggest reasons we use cryptocurrencies is fast withdrawals. Most casinos pre-approve crypto wallets, so you don't have to go through the usual "pending period". It ultimately comes down to how quickly the operator can process the withdrawal. We've gathered the fastest ones for you.
|No.||Online Casino||Bitcoin Deposit||Bitcoin Cashout|
|1||Fortune Jack Casino||Yes||Yes|
Advantages and Disadvantages of BitPay
Every online payment method in the world has some benefits and some drawbacks. BitPay is no different. So, let's go over the ones you can expect to find.
- Deals with the majority of modern tokens including BTC, ETH, USDC, Doge, and so on
- Instant deposits and withdrawals
- Very minimal fees to keep the wallet running
- Low exchange fees for buying and swapping crypto tokens
- No verifications are needed at BitPay online casinos
- Multi-Signature authentication method to fortify your account
- A one-stop crypto solution for all your needs
- Fixed fee for ATM withdrawals
- The BitPay Mastercard is only available in the US
Special Casino Bonuses using BitPay
When we’re saying BitPay online casinos, we’re referring to the brands that accept it as a payment method. Now, we’re all familiar with casino bonuses. You get these rewards for signing up, making a deposit, or playing regularly with real money.
Most casinos that accept BitPay allow all players to participate in the promotions. Even if the bonus amounts are displayed in fiat currencies, they’re converted into crypto if you use BitPay. The most common token you can expect to find is Bitcoin.
So, here are the bonuses you’re most likely to get when playing at BitPay online casinos.
Customer Support at BitPay
On the BitPay website, there’s a dedicated "Help" section. In that section, you’ll find categories like "BitPay Card", "BitPay Merchant", "BitPay Wallet", "BitPay ID", "BitPay Payment", "Business Inquiry", and "Something Else".
If you haven’t guessed already, these are categories in the Frequently asked questions. It’s safe to assume that you can find the answer to your query in any of these sections.
However, if you don’t, just look to the bottom right corner of the website, and you’ll find the live chat button. Clicking on it will trigger the chat window. Initially, BitBot will come to greet you. A real agent will join the chat if it fails to answer your query. Alternatively, you can send emails to email@example.com.
Payment Methods Similar to BitPay
BitPay is an excellent payment method to use at online casinos. But it’s not the only one. There are over 80 amazing crypto wallets circulating the internet. All of them come with perks and features. Let’s go over some of the most popular ones.
Security of BitPay Online Casinos
All crypto wallets feature a higher security standard when compared to fiat currency methods. The term "crypto" is derived from cryptography, the strongest encryption method in the world.
Then, it comes down to the wallets on what other security features they boast. For BitPay, the most prominent feature is being a "non-custodial" wallet. It means anyone except for you is not responsible for your wallet. Not even BitPay.
Also, the "Multi-Sig" feature is a nice touch. It's a fancy way of saying multi-factor authentication. You can add your face ID, fingerprint, or other biometric aspects to create an extra layer of security on your wallet.
License and Address of BitPay
For any online payment method to operate legally, it must be licensed by proper authorities. The parent company of BitPay, BitPay B.V., is regulated by the Dutch Central Bank. In the US, BitPay is licensed by individual states for operations. The same goes for all 229 territories. The method is available all over the world.
BitPay's principal office is at 8000 Avalon Blvd, Suite 300, Alpharetta, Georgia 30009, USA. You can walk into the office if you're in the area to inquire about any of the components of BitPay's service.
Using BitPay to Gamble
Pretty much everything we've discussed in this review is regarding online gambling. BitPay is a valid method as it deals with all the major cryptocurrencies in the world. Also, even the largest casino in the world doesn't specify what wallet you have to use to deposit in any of those currencies.
We're trying to establish that you can use BitPay in almost all the online casinos anywhere in the world.
BitPay Casinos FAQs
Haven't you found what you're looking for yet? Then, check out our answers to the frequently asked questions about BitPaycasinos below.
Can I use BitPay at online casinos?
Yes, you can. The online casinos that accept cryptocurrencies have no restrictions on what wallets you can use. As you’ll be essentially using the BitPay wallet to deposit crypto in your casino account as well as to withdraw from it.
Is BitPay free to use to gamble?
Regular transactions from your BitPay wallet to the casino’s wallet (the merchant) are free. It will pay a 1% processing fee. However, when you buy any crypto from the exchange or swap one for another, you’ll pay a small fee.
Which countries accept BitPay?
At the time of writing, BitPay has operations in 229 countries and territories all over the world. It surely includes prominent gambling jurisdictions like the US, the UK, Australia, Canada, South Africa, and plenty of others.