Bitcoin is quickly becoming a preferred currency option for many casino players. It’s fast, transparent, and charges fewer fees on transactions. One excellent casino that accepts Bitcoin as one of its payment methods is Wild Tornado Casino. And you don’t have to break the bank either. In this article, we’ll explain how to deposit Bitcoin at Wild Tornado Casino.
Benefits of Depositing With Bitcoin at Wild Tornado Casino
Before you deposit Bitcoin, why not look at the major benefits of doing so? After all, you’re investing, and it’s worth learning about the advantages and outcomes.
Here are the benefits of gambling with Bitcoin:
Fastest Mode Of Transaction
If you’re always concerned about the casino’s speed of transactions, Bitcoin transactions are one of the fastest transactions you can use. Cryptocurrencies like Bitcoin are nothing but a digital distributed ledger. This is stored across multiple nodes. The ledger is also decentralized, which means nobody owns it.
It is open source and is accessible to anyone who is part of this ledger. Thus, the transactions that take place on this ledger do not require verification as banks do. Money transfers are settled immediately after it is processed and you receive your currencies in your wallet. This is almost instant, and makes Bitcoin casinos among the fastest payout casinos.
Bitcoin transactions come with the lowest fees as compared to other methods. Banks usually charge a service fee. You’re then supposed to pay the tax amount. But with Bitcoin, you need to pay to maintain the ledger and pay to the miners. The fees are nominal and are about $2-$3 per transaction, which keeps fluctuating from time to time.
But if you use other crypto options like Bitcoin Cash or Ethereum, then you can enjoy even lower fees, which is about $0.0069 per transaction at the time of writing.
Transactions Cannot Be Disputed
With Bitcoin transactions, the casino cannot claim they haven’t received your payments. Each transaction is recorded and verified. Thus, one cannot deny payment processing. Bitcoin transactions are also irreversible. Once processed, you cannot initiate a chargeback if you change your mind later or aren’t satisfied. This is unless the casino opts to transfer the same amount to your wallet.
There are many more such benefits to Bitcoin transactions which make it unique.
Terms and Conditions of Depositing With Bitcoin at Wild Tornado Casino
Wild Tornado Casino has certain terms and conditions, which you must comply with if opting for Bitcoin transactions. While the terms and conditions are rather lengthy, here are the main ones you must comply with:
- You must create a new account at Wild Tornado before you can deposit Bitcoin. This is mandatory for all players who wish to play with Bitcoin at this casino. See our full review on Wild Tornado for more details.
- You should have a valid Bitcoin wallet to deposit Bitcoin. It doesn’t matter whether you own it or no. It can be from your friends.
- The transaction will take place at the set exchange rate when you confirm your transaction. Since Bitcoin prices keep on changing, there’s a chance that value will change when you convert Bitcoin to other currencies.
- You must meet the minimum deposit amount for Bitcoin, which is $20 or 0.002 BTC.
- You should read the entire T&C page for better understanding.
Bitcoin Withdrawals Explained
Once you’ve started playing games using Bitcoin and end up winning the bet, you will withdraw the winnings at one point in time or another. But how do Bitcoin withdrawals work? It’s simple, but you should know the process if you haven’t.
Before you can withdraw Bitcoin, you must ensure that you’ve met the wagering requirements. These are the obligations placed on welcome bonuses and other types of games where you have to bet a specified number of times before you can withdraw your earnings. If it’s 40X, then you have to bet 40 times your initial bet amount.
Once you’ve met the wagering requirement, you also have to submit your ID documents to verify your account. This is important for regulatory compliance purposes.
Once those are out of the way, you can follow the process mentioned below:
- Go to your Balance section to see your current account balance (this excludes any bonus balance).
- Click on the “Withdraw” button on the screen.
- From the options available, you need to select Bitcoin as a withdrawal option.
- Provide your Wallet ID and transfer Bitcoin into your account.
Bitcoin are transferred immediately but may take some time if the payment is being processed for the first time. Wild Tornado Casino may wish to verify the details and process it manually.
Bonuses When You Use Bitcoin
You can claim the welcome bonus offer at Wild Tornado with Bitcoin. The bonus offers up to $1000 or 0.1 BTC as a bonus amount and 100 free spins. Just sign up, create an account, verify your account, and deposit at least 0.002 BTC.
The deposit amount will be matched against a 100% Match Bonus system, and you’ll receive the equivalent Bitcoin as a bonus. The maximum you can receive is 0.1 BTC.
You can claim other bonuses like the Sunday Cashback or Saturday Lucky Hours bonus offers with Bitcoin.