Your Guide to Online Gambling with Bitcoin

Bitcoin and other cryptocurrencies are the way of the future, especially in the online gambling industry. Leading online casinos now allow players to deposit funds and withdraw winnings in the form of bitcoin. Coinbase is one of the best and most trusted bitcoin exchanges in the world.

We’ve put together this illustrative guide to show you how to not only create an account with Coinbase but also how to deposit and withdraw funds at our online casino. Luckily, the process is quite easy.

Follow this tutorial and you will be making smooth bitcoin transactions in no time!

Creating a Coinbase Account

Creating a Coinbase Account

Purchasing Bitcoin on Coinbase

Purchasing Bitcoin on Coinbase

Depositing Bitcoin at Our Online Casino

Depositing Bitcoin at Our Online Casino

Receiving Casino Winnings Through Coinbase

Receiving Casino Winnings Through Coinbase

Creating a Coinbase Account

What You’ll Need

  • Government issued photo ID - verification is needed upon sign-up
  • Mobile phone to receive SMS verification codes
  • Personal photo uploaded via webcam or File Download

Step 1:

  • From a web browser such as Google Chrome, Safari, or Mozilla Firefox, go to https://www.coinbase.com/
  • Click “Get Started” at the top right-hand corner of the screen.
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Step 2:

  • In the spaces provided, enter your “First Name,” “Last Name,” “Email Address,” and “Password.”

For security reasons, we recommend choosing a complex password with numbers, letters, and special symbols.

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Step 3:

  • Accept the terms and conditions by ticking the checkbox.
  • Click “Create Account.”
  • Click “Next.”
  • Accept the privacy policy by selecting “I acknowledge.”
  • You can choose to allow email notifications by selecting “Yes.”
  • Solve the captcha puzzle by selecting the images you are asked to. Then click “Verify.”
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Step 4:

An email will be sent to the email address that you used to create your account. Here you will verify your email address and phone number.

  • Go to your inbox, and in the email, click the link that says “Verify Email Address.”
  • You will be redirected to a page where you will select your country and enter your phone number. Click “Send Code.”
  • Click “Next.”
  • A seven-digit code will be sent to your phone number. Enter it in the text field and then click “Submit.”
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Step 5:

In order to meet KYC requirements and prevent identity theft, fraud, and other illegal activities, financial regulators demand certain personal information from people creating an account with Coinbase. But don’t worry; Coinbase is entirely secure and government trusted. These rules are in place to protect both parties, so go ahead and enter the requested information:

  • First Name
  • Last Name
  • Date of Birth
  • Street Address
  • Postal Code
  • Country
  • Unit
  • What You Will Use Coinbase For
  • Your Source of Funds
  • Current Occupation
  • Employer

It is important that the information you provide is correct. You will be asked to verify your identity in the form of a driver’s license, passport, or photo ID, so the information needs to match.

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Step 6:

  • Select which form of identification you would like to submit. You can send this document a couple of different ways: taking a live photo using your webcam or mobile device, or by File Download (preferably a PDF or high-quality photo).
  • Select “Allow” if you receive a notification requesting access to your webcam or photo album.
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Step 7:

After submitting your ID, you will also be asked to take a picture of yourself for further verification and security.

If possible, find a blank background for this photo, and say, “cheese!” Allow 2-5 minutes for the verification process to complete.

Once your identity has been verified, you are ready to start trading and making transactions on Coinbase.

Purchasing Bitcoin on Coinbase

What You’ll Need

  • Debit/credit card
  • Bank account information

Step 1:

Immediately after your identity is verified and your account has been created, you will be prompted to link a payment method to your account. You will have the option to link your bank account, your credit/debit card, or PayPal.

  • If you link your Debit/Credit Card,, you can only purchase bitcoins - you cannot sell, withdraw, or deposit.
  • If you link your PayPal account, you can only withdraw - you cannot sell, deposit, or buy.
  • Linking your bank account is the only way you can buy, sell, deposit, and withdraw your funds; however, it will take 4-5 business days for the transaction to be finalized.

Congrats! You have completed creating your Coinbase account and are now one step closer to using bitcoin to play at our online casino.

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Step 2:

In order to use bitcoin at our casino, you must first have bitcoin in your Coinbase account; and now that you have added a payment method, you can buy bitcoin directly through Coinbase. We’ll show you how.

  • While logged in to your Coinbase account, click the “Trade”button in the top-right corner.
  • In the pop-up that follows, select the “Buy” option and enter the amount of USD worth of bitcoin you would like to purchase.
  • Make sure that you have the right type of cryptocurrency selected. In this case, it should say “Bitcoin.”
  • Choose which method of payment you would like to use, and click “Preview Buy.”
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Step 3:

Now you have the chance to review all the transaction details. You will see a fraction of one bitcoin equal to the amount of USD you used to purchase it.

Coinbase will charge a small transaction fee for purchasing bitcoin through them. The amount of this fee varies based on how much you are buying.

Once you have approved the purchase details, click “Buy Now.”

A box will pop-up confirming that the purchase was successful. The bitcoin will be sent to your Wallet on Coinbase, and you can begin making transactions immediately.

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Depositing Bitcoin at Our Online Casino

What You’ll Need

  • Mobile phone to receive SMS verification codes

Step 1:

Now that your Coinbase account is up and running, you can begin playing at our online casino using your bitcoin. Most of this can be done directly through Coinbase, but first, you must log in to your account at our casino and make a deposit at the Cashier.

  • Navigate to the Cashier at our casino and select the amount you would like to deposit
  • Choose “Bitcoin” as your deposit option and click “Deposit”.
  • A QR code will pop up, and a Crypto Address will be displayed. Copy the Crypto Address
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Step 2:

For the next three steps, you will need to go to Coinbase.

  • Once you are logged into your Coinbase account, click “Portfolio” on the Menu Bar.
  • Click “Bitcoin,” and then go to your Wallet.
  • Select the “Send” option.
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Step 3:

  • Next, a box will pop up, and it will ask for the recipient’s name. This is where you will enter the Crypto Address that you copied earlier, and the amount you would like to deposit to play at our casino. It is recommended that you add $2 or $3 extra dollars to your amount to cover the Coinbase network fee.
  • Click “Continue.”
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Step 4:

  • A confirmation box will appear. Review the details of the transaction. A seven-digit code will be sent to you via SMS. Enter this code in the provided spaces and then click “Confirm.”

For security reasons, it will take 3-10 minutes for Coinbase to complete its chain of confirmations, and then the money will be deposited directly into your online casino account.

You will receive notifications after requesting the transfer and when it is approved. Once it is approved, you can immediately begin playing your favorite games at our casino using bitcoin as your bankroll.

Receiving Casino Winnings Through Coinbase

What You’ll Need

Not only can you play at our casino using bitcoin, but you can also withdraw your winnings and have them sent directly to your Coinbase account. It’s not complicated, so stay with us, and soon you’ll be making these transactions like a pro!

Step 1:

  • Log in to Coinbase and navigate to your “Portfolio.”
  • Select “Bitcoin” and go to your Wallet.
  • Click “Receive.”
  • A small pop-up will appear informing you that you are only allowed to receive bitcoin (and no other form of currency) to this Wallet. Click “I understand” to continue.
  • A QR Code will appear along with a Wallet Address (Crypto Address). Copy this address.
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Step 2:

  • Navigate to the Cashier at our casino and select “Withdrawals” in the left-side menu
  • Enter the amount you would like to withdraw
  • Select Bitcoin as a withdrawal method
  • Paste your Crypto Address and click "Submit for Verification".
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Step 3:

Of course, you can always choose to leave your casino winnings in your Coinbase Wallet, but if you are interested in transferring the funds to your linked bank account, we can show you just how to do that.

  • At the top right side of the Coinbase menu, you will find the “Trade” button. Click this
  • In the window that pops up, select the “Sell” option, as you will be selling your bitcoin for cash.
  • Enter the amount that you want to sell, and make sure that the cash you receive for selling your bitcoin will be deposited to “USD Wallet.”
  • Click “Preview Sell” after you have set the amount of Bitcoin you want to sell, and make sure the details are correct.
  • Click “Sell Now.” A few minutes after selling your bitcoin, the proceeds will be deposited to your USD Wallet on Coinbase.

You’re almost there! You now have USD in your Coinbase wallet, but the next step is transferring that money to the bank account that you linked earlier.

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Step 4:

  • In Coinbase, go to your Portfolio again, and select “USD Wallet” under the “Assets” section.
  • Now you will have the option to deposit or withdraw. Select “Withdraw.”
  • In the box that pops up, enter the amount you would like to deposit into your bank account. Make sure that you have the right account selected and click “Continue.”
  • For the final step, you will be asked to confirm the details of the transaction. Do this by selecting “Confirm.”

Allow for 3-5 business days for the money to be verified and deposited into your bank account.

So, there you have it.

After reading our guide, we are sure that you will be an expert on gambling online with bitcoin in no time. Coinbase is an efficient way to store your cryptocurrencies and transfer them to the Cashier at our casino. It’s a safe, reliable, and easy way to manage your bitcoin, as well as your bankroll.

Thevirtualcasino is in no way affiliated, administered, or endorsed by Coinbase.


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