Planet 7 casino will now have the option of players making deposits and withdrawals using Bitcoin. If you are familiar with the cryptocurrency and have used it before, head on over to the cashier option in your Planet 7 player account and select Bitcoin. If you haven’t heard about the currency or even if you have but can’t figure how it works, we’ll tell you how.
What is Bitcoin?
Basically, Bitcoin is a cyber-currency that has gained a reputation for being super fast and enabling highly secure transactions while eliminating the usual delays and transaction fees charged by banks.
All you need to do to be able to send and receive Bitcoin payments is to set up a Bitcoin wallet and connect it to your casino account. You don’t need to sign any paperwork by the way. With the integration of Bitcoin as a payment option, you are assured of seamless and secure deposits and withdrawals with minimal delays. As a matter of fact, Bitcoin payouts are sent within 48 hours of winning a game.
Getting started with Bitcoin
Here’s how to get started with Bitcoin: and 5 reasons why you should play at bitcoin casinos
Set up a Bitcoin wallet
In order to use Bitcoin, you need to actually have some. You can acquire some bitcoins from various Bitcoin exchanges on the Internet. We recommend Bitstamp (https://www.bitstamp.net) which has some great exchange rates. You can also download the Bread Wallet app if you’re using a mobile device. The good thing is, no personal information is required to register – all you need to do is to enter your email and create a password and you’re good to go.
Buy Bitcoins
After setting up the wallet, you need to get some bitcoins to be able to make payments. Bitcoins can be ‘bought’ or rather, exchanged with regular currency so you need to have some cash in your bank account or credit card. Bitstamp has some great exchange rates and the Bitcoins bought will show in your wallet soon after the transaction is complete.
Make a Bitcoin deposit
Earlier on, we directed those familiar with Bitcoin to head over to the Cashier option in their casino accounts and select Bitcoin then follow the directions. After learning a thing or two (hopefully) about Bitcoin, you can now do the same. After selecting Bitcoin as your preferred payment method, enter the amount you want to deposit depending on our minimum deposit requirements and follow the system prompts. In line with the super-fast nature of Bitcoin payments, you can start playing within 30 minutes of the transaction going through. As you wait for your deposit to be processed, get started with 50 free spins on Cash Bandits by using the bonus code Bitcoin Bonus. An additional welcome bonus of 200% will be added to the free spins.
Bitcoin Withdrawals
After playing your favorite slots and hitting the payouts, you can request for a withdrawal using Bitcoin. If everything is in order, the request will not take longer than 72 hours to be processed and you shall receive your payment within that time. Absolutely no paperwork, currency conversion fees, or transaction charges are involved, and most certainly no unnecessary delays.
Why you should use Bitcoin
There is no doubt that Bitcoin is the most convenient way to make and receive online payments. Not only are Bitcoins easy to use, but Bitcoin payments are relatively fast and more secure, not to mention the lack of any additional charges. The instant payments will enable you to start playing immediately after you make the deposit. Withdrawals too, are super fast and you’ll have access to your payouts whenever you need them. Also, Bitcoin is a global cyber-currency, meaning that you can make and receive Bitcoins from all over the world at no cost. Unlike normal money transfers, Bitcoins can be sent or received round the clock, throughout the year, unless your Internet connection goes off. As such, there are no opening or closing hours and you can pay and play anytime you feel like.
Bitcoin payments are also very easy to track and maintain a high level of privacy and confidentiality in that the payments you make and receive will not bear your personal details, only a cryptic number that acts like your ‘account number’.
Should you trust Bitcoin transactions?
Absolutely. Bitcoin is arguably the most secure form of money transfer ever developed. It is also the most transparent as both the sender and the receiver of payment are able to track how the transaction went. This is made possible by the fact that all Bitcoin wallet numbers are listed in a single directory and can be accessed by everyone, unless their owners delete them, of course. As such, when you click ‘Send’, you will be able to see if the other person has received the payment. The system is highly secure, so you can be sure that only you have access to your Bitcoins.
Bitcoin – the currency for the future
With its improved features and security, Bitcoin has become very popular in recent years. When it was first introduced way back in 2008, many people complained of the complicated technical procedures of using Bitcoin. In 2016, that, along with the security concerns, has been taken care of and Bitcoin has become the easiest and safest way to store and move cash in a highly insecure world.
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