Yes folks, Yebo Casino does in fact accept Bitcoin as a secure deposit and withdrawal choice when enjoying our online casino games. For all those participants that dont know very well what it is, here is a very easy explanation. Bitcoin is a non-centralised person-to-person AKA “peer-to-peer” currency that is essentially also digital and is usally mined and saved online in such as a digital lender. Essentially it really is completely anonymous digital cash or currency which can be exchanged for items and merchants or utilized to pay friends or family. Only recently there has been interest in Bitcoin casinos South Africa as the value fo the Rand continues to weaken, players and normal consumers as well are slowly needs to see the great things about using Bitcoin.
How to deposit with Bitcoin?
As Bitcoin is such a new banking option in the casino world it can be a little confusing when making deposits for the first time but once you obtain it create, it’s easier then utilizing a credit card more often than not. Below is a step-by-step guide on how best to deposit making use of Bitcoin:
Step 1. The first thing you would need to do is set yourself up with a Bitcoin wallet (Thats in the event that you dont curently have one). Alternatively a few of the existing transaction options such as for example Neteller become a Bitcoin wallet if you have a Neteller account already simply use this option as your central wallet. Other wallets we are able to recommend consist of: Kraken, Coinbase, Electrum, Blockchain, Copay and Trezor. We recommend you research your facts when choosing a wallet to utilize, most provide same product but with small intricacies that are different among each.
Step 2 – Choose your method of payment in the cashier. Using Bitcoin is no various from using any deposit technique such as for example credit card, Skrill or EFT. Simply log into your account and go to the cashier. Select the “deposit” option and in the list of secure and approved payment methods select, Bitcoin because the option.
Step 3 – Duplicate the Bitcoin deal with provided for you in the cashier, this is actually the address you will be sending your Bitcoins to i.e. the address you shall transfer/down payment the funds to.
Step 4 – Deposit your money. Copy the deal with to your Bitcoin wallet. Also enter the total amount in Bitcoin you would like to deposit. Once you have copied our deal with into your wallet click on on the “Pay” key and Viola! Your Bitcoin will automatically be accessible for you personally in your casino account within minutes.
Benefits of using Bitcoin
One of the key advantages and benefits of using Bitcoin once you gamble online may be the fact that it really is 100% anonymous & most tech pundits would concur, its more secure any other payment method whether online or even offline then. Another big advantage for merchants will there be is no risk of chargebacks. Anf finally, the main benefit from a payout perspective is that because it is so protected and there is absolutely no risk of chargebacks, nearly all casinos offer quick Bitcoin withdrawals i.e. there is no need to verify or validate your details and send in KYC documents. Once you request a withdrawal using Bitcoin, it takes just a few secs for the Bitcoin to reach in your wallet. That is far superior then your existing payout options available today which can take up to 5 business days that you should actually receive the funds. A note needs to be said about the currency exchange risk: Be sure you are following a exchange prices of Bitcoin along with other currencies. Bitcoin can be pretty volatile at times but in the long run it has proven to give a far better return then state USD vs the Rand or additional finite currencies.
Our term of advice here’s to accomplish your homework a bit before diving into the world of Bitcoin, things can seem overwhelming at first but the learning curve is not that steep as soon as you master it you’ll think the way you could hev not really been using Bitcoin years before.