Bitcoin has made casino deposits and withdrawals fast and efficient. Unlike in the past, you can now receive cash outs instantly. However, this depends on how fast your preferred casino authorises transactions.
In the modern world, online gaming platforms embrace virtual currencies. Australia has not been left behind, either. Hence, nearly all modern casinos support Bitcoin transactions.
Bitcoin transactions are safe and efficient. Indeed, gamblers have fewer chances of suffering fraud. Besides, the cryptocurrency is well-known and accepted.
Is it worth playing your favourite games with Bitcoin? We seek to solve this puzzle as we sink deeper into Bitcoin.
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| Company name | Bitcoin |
| Website | Bitcoin.com |
| Type | cryptocurrency |
| Country | USA |
| Casinos using it | 300+ |
| Deposit/withdrawal time | Instant/ up to 1 day |
| Fees | Up to 5% |
Bitcoin is a decentralized digital currency usable without intermediaries. Thus, you don’t need third parties like banks to perform a transaction. The currency was established based on cryptographic proof.
It is the oldest cryptocurrency ever to exist. Besides, it is the most popular and widely accepted virtual currency. What’s more, the payment option is perfect for online gaming.
Bitcoin transactions are hard to reverse or fake. For security reasons, all transactions are recorded on a public ledger. Hence, anyone can access the history of transactions.
Due to its decentralized nature, Bitcoin is not backed by governmental institutions. Thus there is nothing to guarantee its value apart from the system.
The currency was launched to the public in 2009. S Ever since then, its value has been dramatically fluctuating. Even better, the value of Bitcoin is expected to keep rising.
Bitcoin is built on a distributed digital record called blockchain. It is linked to a data body holding information about all transactions. The information held here includes time, value, and identification code.
The decentralization of blockchain means that it is not controlled. Hence, anyone with a link can contribute to it. But that does not expose the transactions to risk.
Though the idea of public editing sounds risky, it’s not. Indeed, this is what makes Bitcoin secure and trustworthy. Any transaction must be verified before it is added to the blockchain.
Further, the system uses unique codes to recognize and validate transactions. The codes are long numbers generated randomly. Hence, it is very difficult to produce fraudulently.
The high level of statistical randomness of the codes boosts security. Hence, the risk of fraudulent Bitcoin transactions is minimised.
Bitcoin is well suited for online gambling transactions. It has gained widespread popularity among gamblers in Australia. Players accept it for its high encryption and privacy.
We at Fast.bet were impressed by the time taken to process transactions. Bitcoin payments are fast and efficient. Most of the transactions are recorded and posted within minutes.
Only in rare special cases will transactions take a day to confirm. All reputable gambling sites process deposits and withdrawals instantly.
In addition to being faster than other payment options, Bitcoin is cheaper. Any charges are reasonable and affordable. Hence, gamblers can keep much of their winnings.
As mentioned earlier, Bitcoin transactions are instant. Let's now look at some Australian casinos with fast Bitcoin withdrawals.
Neon54 Casino Review
Neon54 is an online gaming platform owned by Rabidi N.V. The operator came into existence in 2021. However, the casino has grown rapidly to outshine older establishments.
Besides this platform, Rabidi successfully operates other casinos. Hence, you can gamble assured of protection. Players are treated to an impressive library of over 3000 games.
The titles are spread over various titles, including pokies and table games. Besides, you can play fascinating video poker games and jackpots. When it comes to offers and promotions, the casino stands out.
Existing and new players can take advantage of different offers. The package for new players is quite impressive. Hence, you can boost your bankroll for more winning chances.
The operator collaborates with top-tier software developers for its games. You will find titles from popular providers, including NetEnt and Yggdrasil. Besides, you will find games from small-scale developers worth trying.
You can make deposits and withdrawals using many options. However, the availability of each payment option depends on your location. Some payment options are restricted in some countries.
In Australia, gamblers prefer using Bitcoin for casino transactions. Bitcoin withdrawals are processed instantly after approval by the casino.
Online since: 2021
License: Curacao
Website: https://neon54.com/
No payment fees
Crypto friendly
Over 60 providers
LuckyElf Casino Review
Owned and operated by Hollycorn N.V., the casino was launched in 2022. It holds an operating license from Curacao. The Curacao tag hence assures players that their experience is safe.
The games library features a diverse collection of over 4000 games. You can access hundreds of table games and pokies. Besides, players are treated to a rich selection of live casino lobbies.
Pokies cover the majority of titles here. Explore titles updated from time to time to feature the latest games. What’s more, the operator gets its games from well-known software developers.
Nearly all the games in the casino support a demo version. Hence, players can familiarise themselves with the games before playing real money. Like any other reputable casino, LuckyElf awards bonuses to players.
New players can grab a nice welcome package to start them off. The welcome bonus applies to the first four deposits. However, you should deposit at least $AU 20 to qualify.
So, how are the payments? Well, LuckyElf casino has availed multiple payment options. The operator is crypto-friendly and also supports fiat payments.
However, the availability of each option varies with geolocation. Aussies can take advantage of Bitcoin to facilitate quick withdrawals.
Online since: 2022
License: Curacao
Website: https://luckyelfcasino.com/
Generous welcome package
Crypto-friendly
Live Chat Support 24/7
WildCoins Casino Review
WildCoins casino is licensed in Curacao and operated by Hollycorn N.V. The operator is crypto-friendly. You can gamble with various virtual currencies here.
The gambling establishment is well-organized and user-friendly. Your attention is instantly drawn to the colourful website. Besides, navigation is straightforward.
WildCoins casino’s design is minimalistic and features perfectly balanced content. What’s more, the sign-up process is hassle-free. It takes a few minutes to set up an account and start betting.
The casino is optimised for accessibility on mobile devices. You can gamble from the browser of your Android or iOS device. For perfection, the experience on mobile is as great as on desktop.
WildCoins has partnered with reputable software developers for a great game selection. You can play over 1200 games spread over various categories. Check out popular games in pokies, table games, and jackpots.
In addition, you can also play video poker and live casino titles. You can access instant withdrawals via Bitcoin. Australian gamblers prefer Bitcoin transactions due to their convenience.
You will be awarded generous bonuses and promotions for active gameplay. New players are welcomed with a hefty package. The welcome offer applies to the first three deposits.
Online since: 2021
License: Curacao
Website: wildcoins.io
Access to top providers
Accepts cryptocurrencies
Mobile friendly games
Slots Palace Casino Review
Slots Palace casino jumped into the gambling market in 2020. Since then, the casino has grown to offer services in different jurisdictions. Among the countries where the operator is available is Australia.
Aussies prefer the casino for being crypto-friendly. Bitcoin is among the most preferred virtual currencies in Australia. This option is quick, responsive, and effective.
Besides, deposits and withdrawals are instantly credited. What’s more, Bitcoin costs are reasonable enough. Bitcoin is relatively cheaper compared to other methods.
The website of the casino is basic. It features a cartoonish design with simple graphics for easy navigation. What’s more, there are search icons to make your browsing experience easy.
However, the selection of games at the casino is pretty pathetic. With just slightly above 800 games, we can’t guarantee much. But despite that, the games are supplied by crème-de-la-crème developers.
Pokies account for most of the titles in the casino. But video poker and table game enthusiasts also have something to enjoy. For familiarisation, the casino allows you to play games in demo mode.
The casino is owned by Araxio Development N.V., a company licensed in Curacao. Hence, the security of the casino is unbiased.
Online since: 2020
License: Curacao
Website: https://slotspalace.com/
Live Chat 24/7
Mobile friendly games
Fast payouts
BC Game Casino Review
BC.Game is a crypto gambling establishment offering profitable feature-rich games. The gaming establishment boasts a unique experience, part of its faucet strategy. Licensed in Curacao, the establishment was founded in 2017.
Like all other crypto-friendly sites, the casino accepts players’ bets on games. You can bet on a wide range of games, including pokies.
What’s more, you can also gamble table games, video poker, and jackpots.
When it comes to safety, the operator stands out. The casino has put in place measures to protect every transaction. BC.Game casino runs on SSL-encrypted secure connection for max security.
You will be impressed by the quick and easy registration process. The casino does not pass you through complex procedures. It takes just a few minutes to set up your account.
Being a crypto-friendly casino, the operator supports different virtual currencies. Indeed, you can use over 41 cryptocurrencies. But Bitcoin stands out in Australia.
Apart from fast transactions, Bitcoin is affordable. Withdrawals made here are processed instantly after casino approval. For convenience, the casino does not impose limits on deposit amounts.
Online since: 2017
License: Curacao
Website: bc.game
Live chat is open 24/7
Fast withdrawals through crypto
Accepts cryptocurrencies
So far, we already have an idea of what Bitcoin is. Let’s now look at how to open and use a Bitcoin wallet. A Bitcoin wallet is similar to a bank account. The wallet allows you to send, receive and manage your coins. As you can expect, there are several Bitcoin wallets available. However, the best choice depends on several factors. There are three common types of Bitcoin wallets. You can access the mobile wallet, software wallet, and hardware wallet. Each wallet has its characteristics and features. The mobile wallet is the most convenient of all. For convenience, the wallet allows you to manage coins from your smartphone. Coins in software wallets are managed from a computer. Your wallet of choice depends on where you intend to use coins. Again, your level of expertise is crucial. If new to Bitcoin, an online wallet is convenient. Follow these steps to set up one:
Time needed
Tools needed
Software needed
Choose a suitable BTC wallet.
From the list of available Bitcoin wallets, choose one that will perfectly suit your needs. There are several of them, so finding an ideal one shouldn’t be difficult.
Visit the Google Play store (Android) or App store (iOS).
Open the app store on your mobile device. After that, search and download your preferred wallet. If using a desktop computer, simply visit the wallet’s official website.
Open the mobile app.
Once the app is ready, launch and open it. Write down your 12/24-word recovery phrase. Note that this is used as your wallet backup.
Set your password.
Proceed to set up a strong password that you can easily remember. However, it should not be very basic or easily predictable.
Add Bitcoin to your wallet.
After setting up the wallet, add Bitcoin to it. Once funded, you can now deposit money to your casino account.
Once you set up your Bitcoin wallet, the next step is funding it. It is from the wallet where you fund your casino account. So now, what does it cost to fund your Bitcoin wallet?
Making deposits to your Bitcoin wallet is free of charge. However, this entirely depends on the method you use. Some banks may impose fees on these transactions.
However, Aussies must deposit at least $AU 10. The amount deposited can take up to 72 hours to reflect.
But deposits from your Bitcoin wallet to your casino account are charged. However, the fee varies from one casino to the other. But the good news is that the fee is quite affordable.
When it comes to cryptocurrency betting, Bitcoin carries the day. Despite backlash after its launch, Bitcoin is the most popular virtual currency. Look at some of its benefits and downsides below.
Pros
Cons
Bitcoin is not only fast and efficient but also reliable. But how does it compare to other available deposit methods? Let’s take a tour of other deposit options and see.
MuchBetter is an e-wallet for professional gamers. The platform has gained massive popularity since its launch in 2016. Over 500 merchants have already added it to their payment methods.
There are no hidden charges on the platform. Besides, the e-wallet boasts the lowest conversion fees. What’s more, the platform is mobile-optimised.
Neosurf is a voucher system launched in 2004. The platform allows you to secure online payments with no trace. It is based in Paris, France.
The platform’s vouchers are available in denominations of $AU 10 to $AU250. However, Neosurf is not perfect for withdrawals.
Launched in 2002, MiFinity is available in over 170 countries. The e-wallet allows gamblers to make quick and safe online payments. MiFinity is accessible on both mobile devices and desktop computers.
Deposits to casino sites are processed instantly. Besides, you can also use the e-wallet for timely withdrawals.
| MuchBetter | Neosurf | MiFinity | |
| Languages | 10+ | 7+ | 17+ |
| Currencies | 5+ | 5+ | 7+ |
| Deposits | Instant | Instant | Instant |
| Withdrawals | Instant | Instant | Instant |
Bitcoin is a digital currency that eliminates the need for central authorities. Instead, the currency uses a peer-to-peer internet network for transactions. Hence, banks and government overseers are done away with.
Bitcoin was the first ever cryptocurrency launched. Today, the currency remains to be the most valuable and popular cryptocurrency. More and more casinos continue to integrate Bitcoin into their payment options.
The decentralisation of Bitcoin secures your funds from third parties. Since there is no central regulatory authority, your coins are safe. Hence, you have direct control of your money.
Again, Bitcoin transactions are pretty anonymous. You do not have to submit any personal data to the system. Therefore you are exempted from possible identity theft.
Unlike fiat currencies, Bitcoin transactions cannot suffer chargebacks. This means that the transaction cannot be reversed or altered. Hence, the record on the public ledger is final.
For people who love privacy, Bitcoin is a good match. Since there is no information attached to your wallet, there is privacy. What’s more, deposits and withdrawals to casinos are instant and efficient.
The fee charged for transactions is pretty affordable. You will note that Bitcoin is more affordable compared to other options. Besides, the coins are not subject to inflation.
Yes, you can conveniently use Bitcoin to perform transactions in Australia. Many online casinos and other online businesses accept payments in BTC. Besides, anyone across the globe can open a Bitcoin wallet for free.
Not all online casinos in Australia support Bitcoin. However, a big percentage of them do. To avoid the hassle of finding the perfect fast payout BTC casino in Australia, pick one from our list.
Bitcoin charges low currency conversion rates affordable to anyone. Network charges, on the other hand, are almost negligible. Lastly, casino deposits and withdrawals through Bitcoin are free.
All Bitcoin transactions are anonymous since there is no personal data required. Remember, you never provided any personal information when creating a BTC wallet. This makes it hard to trace any transaction.
Bitcoin transactions are safe and reliable. You won’t need to share bank or personal information to set up a BTC wallet. Besides, when depositing or withdrawing from a BTC casino, you only need your wallet address. This makes BTC transactions safe.
Bitcoin transactions are fast and almost instantaneous. As long as you play in a fast payout casino, you should receive your winnings in a few minutes. On rare occasions when withdrawals delay, contact the casino’s support team through the available communication means.
At Fast.bet we take Bitcoin casinos seriously. Especially the ones that payout faster. That’s why we have created detailed BTC casino reviews for different GEOs we cover.
Petter is passioned about fair gaming and online casinos. He reviews the deposit, verification & payout times of each of the casinos at fast.bet manually.
