Blog Bitcoin

How Casinos Can Start Accepting Bitcoin?

Bitcoin is a boon to the global casino industry. By adopting Bitcoin, gambling platforms can increase their reach, minimize transaction fees, and broaden their user base. Leading platforms, including, 7Bit, Stake, and many more, already accept Bitcoin, primarily due to its wide accessibility and decentralized nature.

If you want to enable Bitcoin payments on your platform, this blog is for you. We will help you enhance your platform’s payment experience by enabling Bitcoin transactions.

How can Casinos start accepting Bitcoins?

For casinos seeking to enable Bitcoin payments, Speed is an all-in-one solution built on cutting-edge technology to facilitate lightning-fast payments. With user-centric features, maximum security, and 99.99% uptime, Speed is committed to providing a reliable payment infrastructure for online casinos. Here are a few ways you can start accepting Bitcoins with Speed:

➣ Developer-friendly APIs

Speed offers developer-friendly APIs that can be integrated seamlessly into your casino platform. With the REST API, you can use our most useful features, like checkout sessions and payment/checkout links within your application.

With test and live modes, we also let you test all the features before implementing the solution. The API key used to authenticate the request determines whether the request is in live or test mode. In our test mode, you can simulate payments without changing live data or dealing with a live Bitcoin node.

➣ Payment links

Let your users top up their accounts quickly and easily by integrating Speed’s payment links into your platform. Payment links are one of the smartest ways to collect Bitcoin payments in real time. You can integrate the payment link feature through our developer-friendly APIs. After the setup, users can easily top-up their account or claim their winnings in just a few clicks.

Payment links are part and parcel of the Speed payment suite. This means no additional charges are applicable for using the service. Sign up for a Speed merchant account today and make Bitcoin transactions seamless and easy.

➣ Pre-built checkout

Speed’s pre-built checkout page can enhance your users’ payment experience. Allow your users to complete their transactions through a Speed-hosted checkout page tailored to your brand guidelines. You can customize the look and feel of your checkout page via your merchant account. Speed lets you add your logo, change color, typography, and much more without any technical expertise.

Sign up with Speed today and integrate a pre-built checkout page on your platform quickly and easily.

➣ Plugins and extensions

With Speed’s ready-to-use plug-and-play extensions, you can seamlessly enable Bitcoin transactions on your platform. We have dedicated plugins for various CMS platforms, including WordPress, Magento, OpenCart, and Prestashop. You can download these plugins from the extension directory of your preferred CMS.

Setting up our plugins is easy, too. We have detailed guides and documentation to help you install them. Our experts will be available 24/7 via live chat if you need additional support.

All our plugins are developed with the best coding practices and regularly updated to ensure they keep up with new releases of Content Management Systems. Moreover, all our plugins are highly secure and comply with data protection policies.

➣ Withdraw

Provide a seamless withdrawal of users’ funds from your platform directly to their Bitcoin wallets. Your users can withdraw their desired amount directly to their wallet in real-time. Seamless withdrawals can significantly improve your customer experience and help you attract new users over the long run. Integrate Speed payment gateway today to offer effortless withdrawals to your users.

➣ Payouts

Casino platform owners can also initiate payouts directly to their preferred wallet. The transaction fees levied for Bitcoin payouts are significantly less than traditional payment gateways. Moreover, as Bitcoin transactions are irreversible, there is absolutely no risk of chargebacks. Get started with Speed today to experience instant and frictionless Bitcoin payouts.

➣ Other solutions

Speed also offers advanced payment solutions like One QR and cashback to help you elevate your user experience. You can embed One QR on your website and allow players to complete their payment by scanning the code.

Additionally, you can also offer fixed/percentage-based cashback rewards to users paying via Bitcoin. This will not only attract more users but also encourage them to deposit Bitcoins on your platform.

Integrating Speed to your Platform: a step-by-step guide

Integrating Speed into your casino platform is straightforward and easy. If your platform is based on any CMS like WordPress/Magento, you can download our plugin and configure it to enable Bitcoin payments. Follow our simple guide for plugin integration on Magento and WordPress to get started.

If you want to integrate Speed directly, you can use our API. Simply follow these steps:

  • Sign up for a Speed account (if you haven’t already).
  • Head over to “Developers >> API Keys
  • You can use the APIs to integrate Speed into your platform from here.

In case you face any challenges while setting up Speed payments, don’t hesitate to get in touch with our customer support team. We offer 24/7 email and live chat support to resolve your queries/concerns.

Why accept Bitcoin payments?

With a market cap of $838.21 billion, Bitcoin is the most popular cryptocurrency that’s widely accessible and globally accepted. Here are the top 3 reasons you should consider enabling Bitcoin payments in your casino platform:

  • Lower transaction fee: Processing Bitcoin payments is significantly cheaper than traditional payment methods (credit/debit card and bank transfers). This allows casino platforms to maximize their revenues.
  • Instant transactions: Unlike traditional payment methods, Bitcoin transactions are settled almost immediately. No more waiting for T + (N) Days to receive your payment. This gives the platform developer and players instant access to their funds and winnings. 
  • Complete anonymity: Online players prefer complete anonymity on gambling websites. Traditional payment methods expose their identity to several third parties, including the bank and credit card companies. However, with Bitcoin, they can transact privately and anonymously.

Final words

Integrating Bitcoin payments into your gambling platform will open you to several opportunities. You can not only attract new users but also maximize engagement by offering lucrative cashback rewards to your returning users.

Speed makes Bitcoin transactions a breeze through its comprehensive set of features. From developer-friendly APIs to ready-to-use plugins, Speed has everything you need to start accepting Bitcoin payments.

Integrating Speed is easy, too. Moreover, our customer support team is available 24/7, just in case you need help. You can start accepting Bitcoin payments for free with Speed. Only a 1% transaction fee will be applicable once your total transaction volume reaches 0.5 BTC. Get started today and elevate your payment experience with Speed.

Speed Team