Categories: ComparisonReviews

Casino Banking in PayPal and Bitcoin – A Comparison

Making deposits and withdrawing payouts has become easier than ever before. Online gamers have a variety of safe and reliable payment options to choose available in a multiple currencies. Players can conveniently handle banking using a number of international and local methods. With so many options, which ones make the most sense? Let’s take a look at two of the increasingly popular banking options at online casino sites, Bitcoin and PayPal, to find out which make the most sense for players.

PayPal Casino Banking

PayPal offers extremely secure and fast online payments. While not all casinos accept PayPal, many of the popular online casino sites do. Online casinos that work with PayPal include popular international online casinos like Jackpot City Casino, 888Casino, Spin Palace Casino, and 32Red Casino.

So how does it work?

PayPal serves as the middleman between you and the casino. You add money to PayPal from your bank account. Typically, the money will enter your PayPal account instantly. You can then transfer the money from PayPal and send it to the casino in order to make a deposit or vice versa. In this way, you never actually have to share your banking information with the casino.


  • You don’t have to share your bank account information with the gambling site.
  • PayPal has a good reputation and has partnerships with big credit card services like MasterCard.
  • PayPal imposes strict security protocols. The company will block any online casino that violates those terms.


  • Not as many casinos accept PayPal.
  • Sometimes hackers can break into PayPal accounts.

Bitcoin Casino Banking

Bitcoin has become one of the latest ‘hot’ new trends in online casino gaming. While not everyone has warmed up to this futuristic currency, Bitcoin has many advantages. Slowly, but surely online casinos have started to accept this digital currency as a form of payment. Casino sites that accept Bitcoin include NetBet and

How does it work?

They call it a cryptocurrency. Bitcoin is a peer-to-peer digital payment system in which transactions take place directly between users with no middle man or central repository. In order to use Bitcoin at the online casino, you may need to also set up a compatible e-wallet like Bitcoin Core or BitGo in order to transfers funds.


  • Bitcoin offers cheap, quick transactions.
  • You don’t have to share your banking information with the casino.
  • As a cryptocurrency, you don’t run the risk of hackers stealing your financial information.


  • Not many online casinos accept Bitcoin.
  • Bitcoin is still a new type of currency, and the future is uncertain.
  • Online casinos may require players to set up a Bitcoin e-wallet.

Whether you prefer Bitcoin or PayPal, you really don’t have to choose between the two. You can try out both to find out which work best for you. Check if the online casino has banking bonuses for either PayPal or Bitcoin to see if you can get some extra playing money. Most importantly, make sure you keep your head in the game and do you best when it comes to playing (and winning) online casino games without losing too much.


Mark is a 24 year old cryptocurrency entrepreneur. He was introduced to Bitcoin in 2013 and has been involved with it ever since. He used to mine bitcoins and altcoins but now focuses on blogging and educating others about digital currencies.

Published by
Tags: bitcoinCasinopaypal

Recent Posts

U.S. Rep. Brad Sherman’s Negative Stance on Bitcoin Is Loud and Clear

Wednesday's US House Committee hearing on financial services and Bitcoin was not exactly successful. In fact, it was another example…

25 mins ago

An interview with ORCA Alliance, the platform bridging traditional banking and crypto, CEO Natan Avidan

Today on the other side of conversation we have Natan Avidan, a 28-year old entrepreneur and the CEO of ORCA…

56 mins ago

TRON Price: Massive Decline Continues for no Apparent Reason

Most of the positive cryptocurrency momentum is seemingly coming to an end. Bitcoin barely clings to its recent gains, whereas…

1 hour ago

Winklevoss Twins Donated $100,000 to Andrew Cuomo Prior to Zcash Listing Approval

Politics and cryptocurrency do not mix well, for obvious reasons. There are always some shenanigans taking place when people least…

1 hour ago

DECOIN.IO Passes Soft Cap With New Developments In Reach

"We are excited about reaching the soft cap of $4,000,000" says Shay Perry, CEO of DECOIN. "The support of the…

2 hours ago

Dash Price: Bullish Momentum Remains While Other Altcoins Bleed

All cryptocurrency markets find themselves at a very interesting crossroads. Although it seems evident the Bitcoin price is going up…

5 hours ago