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Bitcoin – secure payment method on the internet

In the case of bookmakers operating on the Internet or online casinos, we use various payment methods. We will find, among others, credit card transfer, debit card, PayU, skrill and several other online payment methods. Among them, Bitcoin also appears more and more often. What is this form of payment and can it be considered safe? We will try to write about it in our text.

Payments via Bitcoin in online casinos

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Bitcoin is not new to online payment services. It has been present on the financial intermediation market since 2009. It was founded by Satoshi Nakamoto, in Japan. This service is now available to customers in over 50 countries. Unfortunately, despite a long internship on the market and a good offer, it is not popular among Poles.

It’s impossible to hide that Bitcoin is a reliable online wallet. Every day, Bitcoin supports payments to many bookmakers and casinos. Each time will provide us with a fast and secure transfer of money. The account is often assigned a MasterCard payment card, which allows us to pay also in shop terminals or access to funds at the ATM.

Certainly in terms of functionality, Cubits payment method is very similar to market leaders, i.e. Skrill and Neteller. Thanks to this, the handling of this internet wallet from our site will be extremely simple. For many people, it may be important that the account Bitcoin is completely free. We will only pay the cost of getting the MasterCard card assigned to the account if we decide on it – it is not required by the owners of the online wallet. If you already receive a card, you can not hide that you will not incur any additional fees for shopping with the card on the Internet or in stores. However, we must remember that the payment at an ATM is subject to a commission of 2 percent, which, fortunately, is not a high rate.

Many people may be interested in the fact that a user account can be secured with a two-level authorization. As a result, we will have an even better level of security when it comes to the data on the account as well as funds accumulated on it. For many people, in the era of numerous account burglaries, this is a very important matter. If we already use a selected internet wallet, we can always treat this system as an alternative method. Thanks to this, in case of problems with other systems, we will have alternative funds on this account.

How to create an account in it?

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All you need to do is go to the Bitcoin website. During the registration process, we choose the main currency of the account – it is important because more currencies are available with the status of gold, which we will write about later. Our basic account with Classic status will be ready for use right after registration. You have to realize, however, that it has many limits that can be an obstacle. Therefore, it’s better to think about your silver or gold account immediately. In order to set up a silver status account, we need to upload a scan of an identity document and a scan of a document that confirms our address – it may be an account or bank account statement. It is completely free, thanks to which better status will give us much more benefits for free.

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We, however, recommend to think about the status of gold. This is a much more viable option if we often use the account for cash transactions on the network. Thanks to Gold, a smaller conversion fee is available. In classic or silver it is 2.99 percent, and here 1.49 percent. We will also get a complete lack of payment for internal transfers between Bitcoin accounts (in silver it is 1.5 percent). For many, the most important is the possibility of opening sub-accounts in other currencies than the main currency previously selected by us. You can buy bitcoin with the euro on a daily basis, with Swiss francs or other currencies. We will get service in as many as 10 currencies from 45 currencies available for selection. How do I get a gold account? Well, we need to add a bank card to the account and verify it, make a deposit of at least 2,500 euros and make a total turnover of 25,000 euros during the chosen time by paying through Bitcoin payments.

The biggest advantages of bitcoin

First of all, we get four methods of deposit and withdrawal of money: it is a SEPA bank transfer, credit or debit card, Bitcoin deposit or GiroPay deposit. The MasterCard card ordered to the account will be accepted at all payment terminals and ATMs in our country, the minimum amount of costs related to currency conversion, no fees for internal transfers. Many people also appreciate technical service, where operators respond quickly to questions.