BitShares
BitShares (BTS) is another crypto-led currency that’s built on the open blockchain. This digital currency is the first to use DPoS blockchain technology with self-governance processing time. The decentralized financial platform brings innovative technology and excellent fairness to every transfer. BitShares greatly simplifies the use of cryptocurrency so players can effortlessly make online casino transfers with complete conveniences, unbeatable security and with little to no cost.
Casinos with BitShares
- BitShares
Cryptocurrencies have become incredibly popular amongst online casino enthusiasts, these digital coins offer the privacy, speed and convenience that many players have yearned for. We are seeing more online casino operators make the jump over to crypto payments and are seeing a rise in operators hosting BitShares as an option. However, at this time it’s only available on crypto-friendly casinos but we are sure to see it across many established casinos in the future.
Overview
BitShares was created in 2014 and quickly gained attention from Microsoft who partnered up with the service. If this isn’t a badge of trust, then we don’t know what is. This cryptocurrency does not have the fame that Bitcoin of Ethereum holds but it does offer some excellent features that will surely shine more light on this digital currency. It has displayed a consistent performance since launching, providing a stable and scalable ecosystem with the processing power of 100,000 transactions per second. If you are looking for safe, swift and cost-effective money transfers then BitShares is worth considering. Cryptocurrency is the future of casino deposits and withdrawals and BitShares will be right up there.
Bonus
You can still enjoy a tasty bonus offer with your BitShares deposit. The crypto-friendly casinos that accept this digital currency have implemented a seamless process so players can attach a bonus offer to their crypto deposit. You can take your pick from some great welcome offers to a variety of free spin bonuses. It’s recommended that you take some time to look through the bonus terms and conditions to ensure you understand where the value is. This means finding out what you need to do to turn the bonus funds into withdrawal cash. Be sure to know the wagering requirements, game contribution, expiry and other key bonus terms.
Advantages
Digital currencies have fast become a much-loved way to make money transfers and for obvious reasons. This form of payment is faster, more secure and cheaper than standard banking options. Let’s take a further look into the advantages you can enjoy with BitShares deposits.
Great protection: The blockchain technology behind BitShares allows currency transfers to move across a secure network that cannot be compromised. Furthermore, you will never need to input any sensitive information when making crypto deposits.
Larger deposits: You can make large transfers of money through BitShares, there are no transfer limits across the blockchain, enabling users to deposit large amounts of money.
Faster withdrawals: BitShares withdrawals are almost instant so you will not have to wait days for your winnings. The withdrawal time is just a case of when the casino processes the withdrawal on their side.
No Fees: BitShares does not impose any transfer fees to move the digital currency from one account to another.
Disadvantages
No payment option is perfect and so you will find some drawbacks to using the BitShares deposit option. Let’s take a deeper look into the disadvantages you may come across when making casino deposits and withdrawals through this cryptocurrency.
Availability: BitShares is relatively unknown amongst crypto and only true crypto enthusiasts would have heard of it. The technology is very appealing and therefore more casinos are utilising the payment option. At the moment, BitShares is only available on crypto-only casinos.
Process: It’s worth noting that some online casinos will convert your BitShares into Bitcoin through a third-party payment processor, meaning you will be wagering in Bitcoin (BTC) rather than BitShares (BTS). This, in turn, will impose a processing fee.
Fees
There are no fees attached to transfers made over the decentralised platform. Cryptocurrency has sky-rocketed in popularity thanks to the fee-less transactions it offers. It is always smart to check if the casino ads conversion fees to crypto payments. Another thing to consider is that many online casinos apply a transaction fee to every deposit and withdrawal, this fee has nothing to do with the payment method but is just an annoying added extra by the casino.
Creating an Account
There are a number of ways in which you can get started with BitShares. First, you can head over to the official BitShares website where you can sign up to an account and open a BitShares wallet. The other way is to open an account with a crypto exchange. There are many reputable crypto exchanges to pick from, you can register an account by adding some personal information and verifying your account by providing some form of ID. Once you have an account you can buy, store and trade BitShares and many other cryptocurrencies. You will want to make sure that your crypto exchange offers BitShares before signing up.
Depositing
Although the deposit process may be a little different to your standard banking deposit, the process is still seamless. You can load funds into your casino balance in no time by following a few easy steps.
- Choose BitShares as your payment option.
- Enter the amount of your deposit.
- You should then be presented with a BitShares wallet code.
- Head over to your crypto wallet and transfer BitShares to the provided wallet code.
- Confirm the transaction and Your payment should be sent
- Once the funds display in your casino balance you can start enjoying the games!
Withdrawing
To get your winnings out of your casino account and into your BitShares wallet is an easy task. Withdrawal times are excellent so you will have your funds as soon as its processed by the casino’s payment team. Here’s what you need to do to make a BitShares withdrawal request.
- Head over to the casino cashier.
- Choose the BitShares withdrawal option.
- Enter the amount you wish to withdraw and confirm.
- You should then be able to enter your BitShares wallet code.
- Then the casino will confirm the transfer.
Security
BitShares uses blockchain technology with self-governance to safely transfer monetary value from one place to another. The blockchain is continuously moving and changing which makes it impossible for any threats to attack the transaction. You should also keep in mind that you will not have to share any banking information or personal details when you make transfers using BitShares.
Support
There is a lot of information available on the BitShares official website. You can also reach out to them through email, Twitter or Telegram. If you are using a crypto exchange platform you can use their customer support service too. The top exchanges are easily contactable through email, live chat and often phone. There will be an FAQs page you can consult if you have a general question regarding the transaction process.
Availability
At this time, BitShares is very limited across the online gaming space. As more online casinos accept digital currencies as the future and more crypto-friendly casino launches, BitShares and other cryptocurrencies are becoming more accepted for deposits and withdrawals. BitShares is yet to be marketed to a wider audience and gain the attention of the casual crypto user. The service has all the features to become a successful form of payment and we’re sure that BTS is only going to grow in the near future.
FAQ
Can I make withdrawals using BitShares?
Yes, you can send money back to your BitShares account. Withdrawals are usually sent back in a matter of hours.
Are there fees involved with BitShares?
No, there are no fees attached to the crypto chain when making BitShares deposits. However, the online casino operator may have their own deposit and withdrawal fees, independent of any payment method.
What is the best BitShares casino?
We have researched for you so you can view the best casinos that accept BitShares payments and make a choice yourself. We have listed the top-rated BitShares casinos here.
Which online casinos accept BitShares?
Use the list of BitShares casinos to see all online casinos that accept BitShares payments. We filter the casino top list to only show BitShares casinos that accept players from your location.