Quick 1-2-3 Guide to Bitcoin & Crypto Deposits

Crypto sounds intense with talk of blockchains, hash rates, and smart contracts, almost like you need a degree in computer science just to send it.

But once you try it, you’ll realize it’s not much harder than Venmo-ing your friends. You don’t need to memorize any jargon or decode the matrix. You just need a crypto wallet, a little Bitcoin (or your favorite coin), and a crypto casino like SlotsLV that makes the process smooth.

This guide walks you through how to deposit with crypto in a way that actually makes sense.

What You Need Before Depositing with Crypto

Before making your first crypto casino deposit, you’ll need a few things lined up, but don’t worry, we’re not talking about a treasure map and secret handshake. It’s incredibly simple.

1. Get a Crypto Wallet

First up is a crypto wallet, which is essentially a digital storage space to hold your Bitcoin or other coins. It works kind of like an app for your money. You use it to send, receive, and hold your crypto, including transferring it to SlotsLV for your deposit. You can download one from trusted apps like Blockchain or Exodus. It’s free and only takes a minute to set up.

2. Open an Exchange Wallet

Next, you’ll need to open an account with a crypto exchange (more details on that in the next section). This is where you’ll actually buy your crypto. Once you’ve made your purchase, you’ll transfer it from the exchange to your personal wallet, aka the one you set up in Step 1.

Now you have the crypto wallet, exchange, and a game plan, it’s time to fill it up.

The Easiest Ways to Buy Bitcoin or Crypto

The easiest way to buy crypto is through a cryptocurrency exchange app, such as Coinbase, Kraken, or Binance. These trusted apps let you buy crypto and, in most cases, send it directly to your digital wallet. If you’re not sure which one to use, we love the recommendations on CryptoVantage.

Once you’ve picked one that works for you, follow these steps:

1. Download the app and make an account.
2. Connect your debit card or bank account.
3. Pick your coin, like Bitcoin or any other supported crypto, and tap to buy.

Once your crypto appears in your exchange wallet, you’ll need to transfer it to your personal crypto wallet first. From there, you can zip it off to SlotsLV Casino for your deposit.

How to Deposit Crypto at SlotsLV (Step-by-Step)

Making a Bitcoin casino deposit at SlotsLV Casino isn’t complicated; it’s a simple copy, paste, and send kind of deal. If your wallet is set up and you have some crypto ready to rumble, here’s exactly how to move it from your wallet to your SlotsLV account.

1. Log into your SlotsLV account. Hit “Deposit” and select the crypto you want to use. We accept Bitcoin, Litecoin, Ethereum, or many other cryptocurrencies to gamble with. This will generate a crypto address and a QR code.
2. Open your crypto wallet and press ‘Send’.
3. Now, either scan the QR code or copy and paste the deposit address into the “Send” field of your crypto wallet. Be careful! If you mistype even one character, your crypto could vanish into the void.
4. Enter how much you want to send and double-check that the address matches exactly. Hit send.
5. Click ‘Send’ again to confirm.

Within about 60 seconds, your deposit will hit your SlotsLV account, appearing as USD. If the network is slammed, it might take longer, but Litecoin and Bitcoin SV tend to move quicker than the others, hint, hint.

Why Players Choose Crypto Over Cards

Using crypto instead of your debit or credit card is a smoother, more flexible way to play. Here’s why more players are saying sayonara to their banks and opting for the crypto route.

• Faster deposits and withdrawals: Crypto hits your account in seconds to minutes, not hours or business days. Imagine having your payday instantly!
• Lower fees: Most crypto wallets charge less than a buck per transaction. That’s peanuts.
• Guaranteed approval: Banks tend to slow transactions by stalling or cancelling altogether, and they can do it for whatever reason they wish. Crypto is guaranteed to clear, so the reliability can’t be beat.
• More privacy: With crypto, there are no bank statements, middlemen, or records of your deposits showing up next to your groceries.
• Bigger Bonuses and transaction limits: When you deposit with crypto, you unlock access to higher match percentages, exclusive crypto-only promos, and bigger bonuses overall. You’ll also notice lower deposit minimums (so you can start small) and higher withdrawal limits (so you can cash out big).

Shall we keep going? Honestly, we could write a novel about the benefits of crypto gambling (and we sorta did, here!), but we’ll stop for now. The bottom line is that there are only benefits to depositing with crypto, which is why it’s the most popular deposit method at SlotsLV Casino.

Crypto Mistakes to Avoid as a Beginner

Starting with crypto is easy, but even experienced users can make rookie mistakes every now and then. Here’s what to watch out for.

• Sending the wrong coin to the wrong address. Bitcoin, Litecoin, Bitcoin Cash, etc., are not interchangeable. If you accidentally send the wrong crypto, that crypto is – poof! – gone for good.
• Skipping the confirmation step. Always review the wallet address and amount before hitting “send.” With no middlemen or safety nets, there are no do-overs in crypto. Once it’s sent, it’s gone.
• Losing access to your wallet: Forgetting your PIN or losing your recovery phrase means losing your funds. Keep that info safe.

Buying crypto used to sound like something only tech bros did in basements with five monitors and six passwords. Now, it’s as easy as ordering takeout. With the right wallet and just a few taps from here to there, you can jump on the bandwagon and receive all the oodles of benefits. In fact, you’ll wonder why you never did it before! Next time you deposit at SlotsLV Casino, skip your bank card and deposit with crypto to play Bitcoin slots.