Offering a good range of payment methods is a must for online casinos in South Africa.
For a long time, debit and credit cards were the main option available but this has been changing in a big way over the course of the last few years.
Now, a lot of people use an e-wallet such as PayPal or Neteller to manage their money online, while new payment methods are becoming available all the time as well.
Cryptocurrencies are among them, with choices like Bitcoin increasingly being adopted by players of South African online casinos.
So which casinos accept Bitcoin right now, how do you use Bitcoin at online casinos, and what are the benefits of using cryptocurrency?
How to use Bitcoin at online casinos in South Africa
While the usage of cryptocurrencies at South African online casinos is on the rise, for many it can be difficult to know exactly where to start.
After all, Bitcoin is quite a new invention and while it has generated a lot of headlines in recent times, public understanding of how cryptocurrencies work is still relatively low.
The first thing to do when learning how to use Bitcoin at online casinos in South Africa is to set up a Bitcoin wallet and buy some cryptocurrency.
This should not take too long at all and then the process to make a deposit into an online casino account is basically the same as when using any other type of payment method.
Just follow the on-screen instructions to convert cryptocurrency into the casino balance.
South African online casinos that accept Bitcoin
Here are some of the top online casinos in South Africa that currently accept Bitcoin:
● Yebo Casino
● Punt Casino
● Zar Casino
● Fun Casino
● Unique Casino
Of course, more South African online casinos are adopting Bitcoin as a payment method all the time too. This means most sites operating in the country could soon be allowing the use of cryptocurrency to play online casino games such as slots, blackjack and roulette.
Benefits of using Bitcoin at online casinos in South Africa
Most people who play at online casinos in South Africa are probably satisfied with whatever banking method that they are already using to make deposits and withdrawals.
So even if the number of online casinos offering cryptocurrency as an option is on the rise, is there any need to switch over to a new payment method like Bitcoin? Well, there are a lot of benefits of using Bitcoin at online casinos that could persuade players to make the change.
For example, Bitcoin comes out on top in terms of safety and security. Due to the fact that using cryptocurrency is 100 per cent anonymous, players who opt for this payment method do not have to share any of their financial or personal information with their chosen casino site.
This can be a big advantage as sites such as these are often targeted by sophisticated cyber criminals such as hackers. Having financial data fall into these hands can be very costly, so switching to Bitcoin as an online casino payment method can help to reduce this risk.
Payments through Bitcoin and other top cryptocurrency options also tend to be processed faster than any other online banking option that is offered by a South African online casino.
It can be frustrating to have to wait for a while to get winnings after a jackpot spin of the reels on a favoured slot game, but using Bitcoin can cut this time down drastically. Sometimes, players can be left waiting for a few business days for their withdrawals from online casinos to be processed. This is not the case when it comes to Bitcoin transactions at online casinos.
With no need to validate or verify banking details, Bitcoin transactions can be processed incredibly speedily, getting winnings into the pockets of players extremely rapidly.
Downsides of using Bitcoin at online casinos in South Africa
Of course, it is not all positive when it comes to using Bitcoin at online casinos in South Africa.
The value of the cryptocurrency can be very volatile, so it is important to keep a close eye on how much Bitcoin is worth when using it as an online casino payment method.
Although it is quite easy to pick up, those who are not technologically minded might find it to be challenging to get to grips with using Bitcoin due to the various jargon that is involved.
For many, though, the benefits of using Bitcoin at South African online casinos far outweigh the few negatives on the other side of the coin.