Bitcoin Payment

Your Guide to Bitcoin Casinos

Leading-crypto currency Bitcoin has taken the world by storm since 2008 and up till today is still the leading crypto. Find out how this digital payment works and how it compares to other payment methods.

Our favourite Bitcoin Casinos in New Zealand

Bitcasino.io

Bitcasino.io

1
84
Rating
VIP Program VIP Program
PayPal PayPal
Regular Offers Regular Offers
Live Chat Live Chat
Bitcoin Offers Bonus
200 Freespins
To the casino
Review 18+ | Play Responsibly | | Begambleaware.org | New players only. Welcome bonus: wager 5mBTC and get 200 free spins. Minimum deposit is 0.25 mBTC/10.04 USD) and minimum withdrawal is 0.5 mBTC/(20.09 USD). | Terms and conditions applies
FoggyStar

FoggyStar

2
83
Rating
VIP Program VIP Program
PayPal PayPal
Regular Offers Regular Offers
Live Chat Live Chat
3 BTC Bonus
20 Freespins
35x Wagering
To the casino
Review 18+ | Play Responsibly | | Begambleaware.org | New players only. Welcome bonus: up to 3BTC on the first 3 deposits. 1st deposit: 100% match up to 1BTC. 2nd deposit: 75% match up to 1BTC. 3rd deposit: 50% match up to 1BTC. 5 Free Spins are available upon registering. Extra 15 rewarded after confirming phone number. | Terms and conditions applies
Rolletto

Rolletto

3
79
Rating
VIP Program VIP Program
PayPal PayPal
Regular Offers Regular Offers
Live Chat Live Chat
$1 000 Bonus
30x Wagering
- Freespins
To the casino
Review 18+ | Play Responsibly | | Begambleaware.org | New players only. Welcome bonus: Deposit between 20€/$ - 200€/$ & receive 150% bonus. Deposit between 201€/$ and 1000€/$ & receive a 100% bonus. Bonus wagering: 30x bonus + deposit amount. Bonus expires after 30 days. | Terms and conditions applies
WOW Casino

WOW Casino

4
88
Rating
VIP Program VIP Program
PayPal PayPal
Regular Offers Regular Offers
Live Chat Live Chat
$5 000 Bonus
40x Wagering
- Freespins
To the casino
Review 18+ | Play Responsibly | | Begambleaware.org | New players only. Min deposit of $20. Bonus is valid for 14 days from the time it is credited. Bonus Wagering: 40x. | Terms and conditions applies

Cryptocurrencies have come a long way since they first appeared. While there are countless versions now, Bitcoin remains the original and in many ways is still the most popular and recognized. Check out our guide below for a detailed review of Bitcoin and how to use it at your favourite casino in New Zealand. 

Bitcoin is the most popular and trusted digital cryptocurrency

Always Put Safety First! 

The first thing to keep in mind about any payment method or casino is safety and licensing. Read more about Bitcoin’s safety below. 

About Bitcoin 

Bitcoin is a type of cryptocurrency, a form of digital currency which makes it different from traditional payment methods. This currency can be used all over the world and isn’t limited to a single country, region, or financial institution. 

Safety and Security of Bitcoin

Cryptocurrency in general and Bitcoin especially are some of the most secure payment methods around. It’s difficult to get hacked or have your funds stolen. This is part of the reason why casino players prefer it. 

Safety and security of casinos

It’s important that any casino you play at is also safe and licensed. It’s standard practice that you’ll have to provide some personal information when signing up at a casino, including documentation to prove your identity. 

Here at NZ Casino we only promote safe and licensed casinos on our page that also features some of the best offers and bonuses for our players. So, when you check out one of our many featured casinos, you can be sure it’s been thoroughly investigated by our team.  

Did you know?
Cryptocurrencies are generally considered secure and private payment methods. Part of this is due to the blockchain on which they operate. https://www.investopedia.com/terms/b/blockchain.asp

How to Use Bitcoin at Online Casinos

In this section, we’ll explain how to use Bitcoin at your favourite online casinos and more about how it works. Learn about important steps for depositing and withdrawing. 

bitcoin digital payment method cryptocurrency new zealand guide
Bitcoin is becoming a popular casino payment method

Are there any fees when depositing and withdrawing at a Bitcoin casino? 

Fees are generally one of the first things people ask about. Thankfully, casino fees are largely a thing of the past. When using Bitcoin at an online casino, you shouldn’t have to worry about the casino itself charging you anything.

However, Bitcoin does have some small fees with transactions. The fees can vary, but typically you can expect to pay between 0.5% to 0.75%. Most payment methods will have some small transaction fees, so this isn’t a huge drawback where Bitcoin is concerned. 

How to place a deposit and withdraw your winnings using Bitcoin 

Your initial time using Bitcoin to place a deposit or withdrawal may be a bit confusing. There are typically a few extra steps involved when using cryptocurrency, but it’s still easy to grasp after the first time. Our quick steps below will help get you started. 

Depositing 

  1. If you haven’t done so already, you’ll need to purchase some Bitcoin or fund your Bitcoin wallet.
  2. Log into your casino account, then go to the payments section. Sometimes this is called ‘cashier’. 
  3. Choose the Bitcoin option among the deposit methods.
  4. Enter your wallet address into the required field. 
  5. Your funds should appear in your casino account within minutes. 

Withdrawals

  1. Go to the cashier/payments section of your account. This time select the withdrawal tab. 
  2. Choose Bitcoin as your withdrawal method. 
  3. Once again, you’ll have to enter your wallet address into the field. Make sure it’s correct; otherwise, your money could end up somewhere else. 
  4. Once you’re done, you should be able to see the funds in your Bitcoin wallet after it’s processed by the casino. 
Did you know?
Most Cryptocurrencies will require a wallet address to complete deposits and withdrawals. As a result, it can have a few extra steps.

Solutions To Common Issues When Using Bitcoin At Online Casinos 

You’ve started using Bitcoin, and unfortunately, you’ve run into a problem. It can happen with any payment method. Here are a few common problems you might encounter with Bitcoin along with some solutions you can try. 

  1. I can’t withdraw my winnings

The most common reason players can’t withdraw their winnings has to do with wagering requirements. Each casino will require you to wager a certain amount before you can withdraw, especially if you claim a Bonus or a Free Spins offer. If you go into the terms and conditions page, you should be able to find the specific wagering requirements for your casino. 

  1. I can’t remove Bitcoin from my account

If Bitcoin is your only payment method, a casino may not allow you to remove it. This is especially true if you have any balance owing. 

  1. I can’t verify Bitcoin

There’s usually no need to “verify” Bitcoin like some other payment methods. Typically, all you’ll need is your Bitcoin address to make transactions. The nature of Bitcoin makes it private and secure

  1. I can’t change my Bitcoin details

Your Bitcoin address is what you use to make transactions, and it’s linked to your wallet. It’s usually not possible to change your Bitcoin address, but you can make a new wallet. 

  1. I entered the wrong amount

If you entered too little, it shouldn’t be a big deal. You can simply make another transaction. If you deposited too much by accident, you could contact customer support to explain the situation. They may be willing to refund part of your money. 

  1. I entered the wrong address

Unfortunately, there may be little that can be done in this case. Funds and transfers over Bitcoin and the blockchain are usually not reversible. You must enter your address correctly each time. 

  1. I made my deposit/withdrawal a long time ago and still don’t see the funds in my account 

When it comes to withdrawals, online casinos usually take at least 24 hours to process these requests. So, it’s normal if you don’t get your withdrawal right away. However, if it’s been several days, it’s worth contacting customer support at the casino. 

Deposits, on the other hand, should appear quickly. If not, it’s possible you didn’t enter your wallet address correctly. 

Did you know?
Mobile Casinos use cryptocurrencies such as Bitcoin as one of the most popular payment methods through mobile.

Pros And Cons Of Using Bitcoin At Online Casinos 

Bitcoin offers many advantages as a payment method. In the table below, you can see a summary of the main pros and cons of Bitcoin, followed by a more detailed explanation. 

PROSCONS
Bitcoin is the most widely accepted cryptocurrencyCryptocurrency (including Bitcoin) is still largely unregulated
It’s a safe and secure payment optionThere can be high volatility in the market 
You don’t have to provide as much personal information to use it as most traditional payment optionsTransfers can’t be reversed
Deposits and withdrawals can be carried out quickly If the wrong address is used to transfer Bitcoin, you may lose your crypto
Bitcoin is accepted all over the world
Fees are generally low 

Bitcoin vs. Other Payment Methods 

If you don’t currently use Bitcoin, you might be wondering why you should switch to Bitcoin over more well-known methods like e-wallets, bank cards, bank transfers or prepaid cards. We’ll cover the main advantages here compared to the other options. 

The main advantages of Bitcoin include the speed of the transactions, security, privacy and lower fees. Compared to Visa and bank transfers, for example, you won’t have to wait days for a withdrawal to be processed. 

bitcoin crypto digital payment method new zealand casino
Bitcoin connects us globally – it enables transactions through one common digital currency

The only real drawbacks are that crypto casinos aren’t as numerous as the other casinos, but there are still plenty to choose from. Also, Bitcoin is largely unregulated and can be volatile. Otherwise, it’s becoming an increasingly popular option among casino players. 

FeaturesBitcoinVisa/MasterCarde-Wallets (Skrill/Neteller)Prepaid CardsBank Transfer
Low Transaction fees
Popular
Secure
Quick Transaction
Regulation
Did you know?
Bitcoin can be “mined” or purchased from other users.

Conclusion

Bitcoin is the original cryptocurrency and in the eyes of many still the most reliable and popular – and that is why many of the newest casinos in New Zealand are also including Bitcoin as a payment method.

The advantages over typical payment methods are numerous, with the downsides only being a few. Hopefully, you were able to learn something new, especially if you’re trying to find out more for the first time. Ultimately Bitcoin can prove to be a safe, secure and reliable payment option. 

Frequently asked questions

Yes, it’s a perfectly safe payment method, being used by an increasing number of players.
No, casinos don’t usually charge fees anymore, although Bitcoin itself comes with some small transaction fees.
No. not every online casino in New Zealand offers this option, and those that do are typically called crypto casinos. However, some online casinos are slowly starting to include popular crypto payment methods in their portal.
Yes, many of these casinos will offer a Bitcoin bonus when you make a deposit.