What is BitPay?

BitPay is a service provider cryptocurrency payments founded in 2011 in Atlanta. It is currently one of the most significant processors Bitcoin payments in a world that is used by hundreds of thousands of users every day. In addition to processing payments, BitPay also offers a secured Bitcoin BitPay wallet and a BitPay card, allowing users to exchange Bitcoins for standard currencies wherever it is accepted Visa card .

In addition to Bitcoin, BitPay allows you to store other cryptocurrencies and Stable coins in your wallet: ETH, BCH, LTC, WBTC, DOGE, SHIB, USDC, BUSD, USDP, GUSD, DAI.

A few words about BitPay casinos

BitPay allows you to quickly and safe deposits and withdrawals in all casinos that support cryptocurrencies. However, it is important that the casino supports the crypto held in BitPay. Unfortunately, BitPay does not support USDT, which may limit the possibilities in casinos a bit.

As with everything else, when searching for your BitPay casino, it is very important to check carefully whether the platform in question is trustworthy. Below we have decided to present a few online casinos available on South African market that support BitPay payments:

Just Bit Casino

Just Bit Casino it is mainly focused on cryptocurrencies, although players also have the opportunity to deposit money using classic methods. An important point is that withdrawals can only be made by customers whose identity has been confirmed.

Unfortunately, the casino does not grant a welcome bonus at this time, however, each new player can count on personal promotions, 10% cashback and temporary promotions.

Playouwin Casino

Playouwin it focuses mainly on cryptocurrencies, although players also have a choice of classic payment methods. This Curacao-licensed casino offers over 2,000 titles, including slots, table games and live casino.

Every new player can gain classic bonus monetary and free spins or 20% cashback on your first deposit, which is not subject to any wagering requirement. All payments are recorded immediately, while withdrawals are made within 48 hours. Also great information is the fact that the casino does not charge any fees for processing payments.

Other casinos accepting BitPay

Examples of other casinos that support BitPay are:

• MBit
• Wild Coins
• Excite Win
• Fortune Jack
• Fairspin
• Nine
• Bizzo
• Neon54

Using BitPay in a casino step by step

Using BitPay to trade in online casino it is very similar to the process of depositing and withdrawing funds using any other crypto wallet or debit card. Moreover, this process is extremely fast and does not take more than a few minutes.

The exact way to use BitPay in cryptocurrency casinos will of course vary from site to site, however the general rules are as follows:

• Go to the casino or banking section of your casino account.
• Choose the cryptocurrency you have in your wallet or card as your payment method.
• Enter the amount you want to deposit.
• The casino will generate a one-time address to which you can send money.
• Enter this address into your BitPay wallet along with the amount you want to send.
• If you have a lot of digital assets in your wallet, make sure you send the correct one!
• The money should appear immediately in the casino account.

Limits, fees and processing time of BitPay payments in casinos

Most crypto-casinos cryptocurrency payment providers do not charge players any additional fees for deposits or withdrawals. However, it should be remembered that such commissions can be collected by the wallet in which the cryptocurrency is stored.

The limits and duration of payments depend on the casino. The minimum amount of deposits and withdrawals is usually 40-80 SAN. In the case of cryptocurrencies, however, the minimum amount may be slightly higher and reach about 200 SAN. On the other hand, however, some casinos do not impose any minimum deposit limits. Therefore, we recommend that you always read the limits of the platform. Deposits and withdrawals usually take up to a few minutes, however, some casinos need up to 48 or even 72 hours to process the payment from their side.

Like most cryptocurrency wallets, BitPay charges its own payment processing fees. However, the commission amounts depend on the amount sent. However, below we list all the commissions charged by BitPay:

• Fees for miners: these fees are sent to miners on the blockchain, which means that BitPay does not make money from them. However, the confirmation time of the transaction will depend on the amount of these fees.
• Network cost: when making transactions using the wallet, the payment goes to the BitPay address. The wallet collects fees from network miners to process payments.
• Processing fee: the wallet charges a 1% handling fee from sellers. Sellers may choose to pass on this fee to the buyer.
• Miner return fee: in case of underpayment or overpayment, there is a cost of return fee. If the user initiates a refund to himself, the wallet will deduct the cost of the mining fee. The cost of the refund will be deducted from the total amount of the refund that the user will receive.

Tips for using BitPay in an online casino

To make it easier for everyone to start their BitPay casino adventure, we have prepared some tips that can be useful before you start playing.

Check the deposit and wagering limits at the casino before you sign up

Many casinos do not allow cash withdrawals before any betting, which can prove problematic if the player deposits money before checking the betting limits and deposit rules. As a result, it may turn out that by not checking the information, the money was lost, because there is no possibility to withdraw it, or playing with it brought losses.

Pay attention to the crypto exchange rate

In the case of cryptocurrencies, price fluctuations play an extremely important role. Therefore, it is worth buying coins when the exchange rate falls. Thanks to this, it is possible to buy more of them and later take advantage of repeated price increases and greater profits from winnings.

Check the bonus offers

Before playing at the casino, you should always check the prepared bonus offer. Some of the casinos Grant much higher bonus values to crypto players, but others may exclude them from the bonus offer altogether. Therefore, we recommend that you carefully check the bonus rules, so as not to be unpleasantly disappointed later.

BitPay casinos: advantages and disadvantages

Online casinos using BitPay offer many benefits. First, with cryptocurrency, you can make more anonymous payments, since it is not necessary to disclose the details of the bank account or the credit card connected to it. In addition, thanks to the BitPay Card, Players can also make quick payments in casinos using USD, as BitPay converts crypto to this currency.

One of the biggest drawbacks of BitPay is the commissions it charges. Although lower than many other wallets, the player will still be charged for each payment made. In addition, the game with cryptocurrencies is associated with large fluctuations in exchange rates, which can result in losses during the exchange.

How to find a safe and trustworthy BitPay casino

First of all, the casino chosen by the player must have a license. For casinos that support cryptocurrencies, some of the most popular licenses are those issued in Curacao. In addition, player data should be SSL encrypted and customer support available in case of problems encountered. To make sure that a given casino is honest, it is a good idea to check the ratings and comments of players on various online forums. Users should also be able to set their own limits and take a break from the game.

Summary

With its extensive offering, BitPay can be an ideal method to play online casinos. The support of both classic cryptocurrencies and Sablecoins makes it possible for players to use this method in almost any casino. In addition, with the BitPay Card, Players can also use casinos that support Classic currencies, without worrying about their bank account. As with any portfolio, however, you should keep in mind the commissions charged and carefully check the selected casino for honesty. Despite this, BitPay is extremely easy to use and we can recommend it to anyone who wants to start their adventure with crypto and is looking for the right wallet.