Slotocash, Uptown Aces Begin To Accept Bitcoin

Bitcoin Payment Acceptance

Online gambling is a popular use for Bitcoin, but it still comprises only a small part of the industry. Increased Bitcoin payment acceptance is the goal for Bitcoin supporters. Fortunately, there is some good news to report: Deckmedia, the owner of Slotocash and Uptown Aces, has recently announced that they will be accepting Bitcoin payments for the two casinos. Although the sites are not allowing Bitcoin withdrawals, this is still a step in the right direction.

Depositing Bitcoin made easier

The process of payment should be familiar to those who use Bitcoin. Deckmedia has managed to smoothly integrate the Bitcoin payment process into the casino’s cashier system. A player has two choices for his Bitcoin payment. They can either deal with Bitcoin directly or make the transaction by coursing the payment through NETELLER.

For traditional transactions in a Bitcoin casino, players will make use of the manual transfer of payments. To ensure that the players will experience convenience in deposits using Bitcoin, they will first be prompted to provide the exact amount in US dollar they wish to transfer. A minimum of $10 is required, but the amount can grow to as much as $2,500. The casino automatically converts the inputted amount to bitcoin and will be shown in the slip, on which the wallet address and the QR code for the deposit are flashed.

Players are given 30 minutes to send their Bitcoin deposits. Failure to do so will invalidate the transaction.

Deckmedia further made Bitcoin a great alternative payment as bettors can also transfer funds through NETELLER. The payment processor will convert it to fiat cash for use. Afterwards, players can use their NETELLER accounts to deposit on either Slotocash or Uptown Aces.

More integrations hint positive sign

Adding Bitcoin as a payment option is a good compromise for many casinos as it equips them with the ability to get into the Bitcoin movement without much risk. Bitcoin payments can easily be converted into fiat currencies, resulting in little or no loss for the site operator. However, Bitcoin withdrawals are another matter since the volatility of the cryptocurrency may result in casinos unexpectedly paying more than they would want. Thus, it is understandable that they would hesitate on full implementation until they find a better Bitcoin payment solution.

With Bitcoin payments now available on Slotocash and Uptown Aces, Bitcoin gamblers will be sure to drop by and see what these casinos have to offer. This is a positive sign for the cryptocurrency as increased adoption will bring about further changes in the market. Right now, Bitcoin gambling is still less than five percent  of the online gambling industry, but many experts say the Bitcoin movement can cross that five-percent line within two years. With more Bitcoin gaming sites popping up and more mainstream casinos following the Bitcoin lead, this is quickly becoming more likely.

Chris Evans

Chris Evans

A passionate adherent of the casino industry, Bitcoin has changed Chris’ life. Now, aside from working as the Business Development Manager of Bitcoin Gambling Guide, he spends his time working on new ways to help the cryptocurrency community as well as the online gambling industry. He regularly stays updated with the latest trends in the Bitcoin gambling market to continually gain insights and clearer perspectives on the path the digital currency is taking. Included in his mission to forward the market is his personal goal to share worthy and unique ideas that will pave the way for more innovations and developments. If not preoccupied in juggling with his duties, Chris devotes his time betting in Bitcoin casinos. Who said it’s impossible to work and play at the same time?

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