Bitcoin casinos are some of the best online gambling sites to accept New Zealand dollars. Using Bitcoins to gamble is easy, as long as you keep your passkey safe and your wallet handy. This cryptocurrency has taken the world by storm because it could be one of the first virtual currencies to be adopted by people across the globe.
Bitcoin began in January of 2009 and is believed to have been invented by Satoshi Nakamoto. In those days, they weren’t worth much, but in 2017, the cryptocurrency reached record values in real money. However, it is believed that Nakamoto is a pseudonym and that the real creator of Bitcoin has disappeared from the web. So, let’s dive into Bitcoin casinos accepting New Zealand dollars and how to transact with Bitcoin.
Top Rated Casinos Accepting Bitcoin
What is a Bitcoin?
A Bitcoin is an imaginary ‘coin’ that is used as a currency, but is not printed or made in the real world. This coin can be ‘mined’ from code using powerful computers. However, this will take an extremely long time to do. In 2009, it was easy to mine for Bitcoins from specific places. In 2019, it’s not as easy. Luckily, there are an estimated 21 million Bitcoins available today, so you are able to buy them. We advise keeping in mind that the Bitcoin price in NZD$ is currently high.
How to get Bitcoins in New Zealand
So, how do you buy Bitcoins? Well, to buy a Bitcoin, you will need to use their ’blockchain’, which is a virtual account book or ledger. These transactions take a long time, despite a recent ‘fork’ that sped it up. This change also created another cryptocurrency, known as Bitcoin Cash. Bitcoin casinos will accept the currency, but it is worth less than a Bitcoin.
To buy Bitcoins, you will also need a secure way to keep them. This is when you need to find the best Bitcoin wallet for your needs. A Bitcoin wallet is used to keep your personal ‘key’ for them safe. We advise keeping this key encrypted for safety reasons.
How to Deposit at Kiwi Bitcoin Casinos
Once you have your Bitcoin wallet, and passkey, you can make a deposit at online casinos in New Zealand. Simply log into your casino account, choose the Bitcoin banking option, and authorise your payment. This will then be converted into casino credits and added to your account. Always be aware of the price of Bitcoin when making a payment to get the most value. Our expert reviewers recommend using a real-time Bitcoin converter for this.
How to Withdraw at Bitcoin Casinos New Zealand
When you’re ready to cash out, simply choose the Bitcoin option again on the cashier page. Please note that the payout will have a processing time but the payment will reflect within three days if you followed the casino terms and conditions. The benefits of Bitcoin casinos mean that you can expect the following when making a withdrawal:
- Quick payment confirmation
- Fast transactions
- Lower processing fees
Claiming Bitcoin Bonuses
Any Bitcoin casino online recommended by our team of experts will definitely have bonuses. These can be claimed by making deposits. Some Bitcoin casinos will also have a small reward package just for players who make deposits using the currency. So, make sure you check out your Bitcoin betting site before claiming anything.
Playing Bitcoin Casino Games
Once you’ve got your bankroll in order, you can start playing real money games at Bitcoin casinos. Our top casinos offer the best gaming selections, so you can count on plenty of entertaining options. Be sure to try out some online Pokies, Poker, Roulette and Blackjack games when you start gambling. Also check that your Bitcoin gaming experience is safe and secure by looking at your search bar for a green lock icon.
FAQs for NZ Bitcoin Casinos
When using a new banking option, it’s not uncommon to have questions. So, use these top frequently asked questions to put your mind at ease about Bitcoin casinos online.
What is the best Bitcoin wallet available?
Despite the popularity of this currency, there are very few trustworthy wallets to keep your money secure. One of the most popular at the moment is Bitcoin.com Wallet. The choice is up to you, though.
How much is a Bitcoin worth?
This is difficult to answer, because, like any currency, the exchange rate varies. In 2018, the Bitcoin value was sitting at around US$7000.
Where are the best Bitcoin casinos licensed?
Per Kiwi gambling laws, all online casinos accepting New Zealand players should be licensed overseas. Online casino gamblers will be happy to know that our recommended Bitcoin betting sites are all licensed by foreign regulators.
How do I use Bitcoin wallets?
All you need to do is open an account, choose a very secure password with a separate email address from your other accounts. You will then be given a Bitcoin Address, which you can use to buy or sell Bitcoins. We recommend making a backup of your wallet regularly in a safe location.
How do I convert Bitcoins to NZD$?
By using a Bitcoin converter, you can ensure that you get the best value for it. These can be found in Bitcoin wallets, or through other trusted sites.
Why should I choose Bitcoin casinos New Zealand?
Well, why shouldn’t you? Bitcoins are still worth a lot, so gambling with them could earn you more money for new coins. Please be aware that wins are not guaranteed and that you should gamble responsibly.
Can you tell me how to buy Bitcoin NZ?
Of course. You can use any Bitcoin wallet or trusted vendor to buy them. It’s really that easy. Although, we advise caution at all times when dealing with cryptocurrencies.
More about casino banking:
- Casino banking
- American Express
- Wire Transfers