Are you from Australia and wondering about Betting with Bitcoins? This is page is all about Betting with Bitcoins if you are from Australia, with a specific focus on people new to Bitcoins and wondering how to get Bitcoins from Australian Dollars and then turn their winnings back into Australian Dollars.
Betting In Australia
As a nation Australians are the largest gamblers in the world with over 80% of Adults gambling on something annual. What is unique with Australian gambling is the broad range of areas Australians gambling on, from casinos, sporting events, lotteries and even political outcomes! Given the gambling culture in Australia at CGR we believe it is only a matter of time before more Australians are gambling with Bitcoins and Altcoins.
If you are completely new to Bitcoins this is a great introduction video:
So How Do I Easily Buy Bitcoins In Australia?
There are many ways to buy Bitcoins, from meeting people in person and having them send you Bitcoins for money or using one of the many Bitcoin exchanges on the internet. So where should you start? At CGR we are big fans of the Australian Bitcoin exchange CoinJar which can be found here
Coinjar is an Australian company that allows you to easily link your Australian bank account to their Bitcoin Exchange. Here you can easily send Australian dollars and buy Bitcoins, and also sell your Bitcoins for Australian dollars. The best part is that it is all completely linked to your Bank account, so you dont have to worry about meeting someone in person to buy Bitcoins or dealing with foreign exchanges that have had problems recently (such as the infamous Mt Gox bankruptcy).
I Now Have Bitcoins, But How Do I Gamble?
So once you have bought Bitcoins through Coinjar, you are now ready to send Bitcoins to the gambling site you want to play on. If you are using Coinjar you simple need to click on Send Bitcoin, which can be seen here:
To send the Bitcoins to your desired Bitcoin Betting site you need to do the following:
Find the Bitcoin address of the gambling site you are sending your Bitcoins too. This will be given to you by the gambling site you have signed up for. As an example we signed up for an account at Betcoin Casino already and we got an address to send funds to which can be found on their main page as follows:
Remember it is absolutely critical that you type the Deposit BTC address in correct as once you send Bitcoins it is final, there is no refund if you send it to the wrong address.
You need to select the amount of Bitcoins you want to send in CoinJar and click pay now. An example can be seen below:
Note the Pay To Bitcoin address is the same as the Bitcoin address given at Betcoin Casino to deposit funds (in the pictures above).
How Do I Turn My Bitcoins Back Into Australian Dollars?
Assuming you have finished gambling at your desired Bitcoin Casino, you need to now withdraw your Bitcoins from the gambling site and send them back to Coinjar, where you can turn them into Australian dollars. Essentially this requires the reverse steps to what was explained above.
This is done in three steps:
- Log on to Coinjar and click receive Bitcoin. Here you will get a long string of numbers which you will need to copy (this is your Bitcoin wallet address to receive Bitcoins to).
- Go to the withdraw section of the Bitcoin Casino site you are on, and post the Bitcoin address given to you from Coinjar in this section, and click withdraw. Again it is critical that the exact Bitcoin address is used.