Bitcoin Casinos

Bitcoin Casinos

The introduction of cryptocurrencies has changed the way we see the money. Although they are still considered a novelty among the majority of the world population, cryptocurrencies have been used more and more for online transactions. The most popular electronic money is undoubtedly Bitcoin, which has been in use in the mainstream market since 2011. It is the first decentralised cryptocurrency and, as such, enables you to use it for various purposes.

Online gambling is one of the industries where Bitcoin (BTC) is widely used. Today, you can use Bitcoin at many reputable online casinos to top up your account and clear winnings from it. Some of you who are not familiar with BTC may ask why you would use it instead of traditional money. Well, Bitcoin gambling comes with many advantages. If you are interested in Bitcoin casinos and how they work, you have come to the right place.

Introduction to Bitcoin Casinos

As you can guess from its name, a Bitcoin casino is a gambling site that accepts Bitcoin. On these gambling sites, you can make deposits and withdrawals in BTC. Once you fund your casino account with BTC, you can use it to play games and win real money prizes. To start making transactions in this cryptocurrency, you must get a crypto-wallet and obtain BTC.

Although this is not a Bitcoin guide, since we discuss Bitcoin gambling, we will give you a few details on the cryptocurrency itself. So, Bitcoin is a digital currency that does not exist physically. The technology behind it is called a blockchain. It keeps track of BTC transactions, making them transparent. When we say that it is a decentralised currency, we mean that no authority or bank regulates it.

However, this piece of information should not discourage you. On the contrary, no middleman means faster transactions and less money spent on fees. At the moment of writing this guide to Bitcoin casinos, BTC is worth more than $46,000. So, many Bitcoin users own smaller units of this digital currency. They are millibitcoin (mBTC), microbitcoin (μBTC) and Satoshi, which is the smallest Bitcoin unit. It represents 1/100,000,000 of BTC.

Things to Consider When Choosing Bitcoin Casino

Bitcoin casinos have taken the online gambling industry by storm, which enables avid gamblers to choose from many gaming venues that support BTC. However, not all of them are good for you no matter how the technology behind Bitcoin safe is. In this guide, we will provide you with the most important features you should pay attention to when choosing a Bitcoin casino for you.

Bitcoin Casino Licensing & Safety

When choosing a Bitcoin casino, it is crucial to check whether it holds a valid online gaming licence. You should be aware that some BTC casinos are not licensed at all, and you must avoid them at all costs. Luckily, reputable gaming authorities have recognised Bitcoin as a cash equivalent, with the UK Gambling Commission being one of them. However, most gaming venues we have reviewed hold a licence issued in the jurisdiction of Curacao.

Choosing a licensed online casino is a must, and the same goes for Bitcoin-friendly ones. It is the only way to be sure that you will be treated fairly and that your funds and data will be kept safe. On our gaming portal, you will find only fully licensed Bitcoin casinos, so feel free and choose the ones you like best.

Bitcoin Casino Games

If you decide to use Bitcoin for gambling, you will be spoilt for choice as reputable gambling sites accepting it have a lot to offer in terms of providers and games selection. First of all, you should know that Bitcoin casinos run on instant-play platforms, with all games available in-browser. So, you won’t have to download an app to access them. However, some operators allow you to install an app that functions as a browser extension.

Bitcoin casinos are accessible from mobile devices as well. Today, most casino games are developed in HTML5 technology, meaning that they are mobile-ready. So, if you visit the casino site from your mobile browser, on your Andriod or iOS device, you will be able to enjoy the majority of games, just like on your desktop device. Also, some operators have a dedicated app you can install on your smartphone or tablet to enjoy a smooth gaming experience wherever you are.

When it comes to providers contributing to Bitcoin casinos, they vary from one gambling site to another. Still, these casinos tend to offer games from a wide array of gaming companies, making sure that players can choose from all sorts of games. At a Bitcoin casino, you will be able to choose from a full range of games, from classic and video slots to casino classics available at RNG and live dealer tables. If you are looking for life-changing prizes, the good news is that you can enjoy progressive slots offering millions in jackpots.

Whether you decide to play an RNG-operated or live casino game, you can rest assured that it will have unbiased results. Of course, as long as you sign up with a reputable operator and play games by well-established providers. What’s more, when playing at Bitcoin casinos, you can verify that the outcomes of the games are fair. It is called provably fair gaming. On Bitcoin-friendly sites, you will find a standalone category housing provably fair games where you can use advanced technologies to check how they work and whether they have yielded random results.

Bitcoin Casino Bonuses and Promotions

Casino incentives may be the key reason why the player will go for a certain online casino. When it comes to BTC casinos, they don’t lack bonuses and promotions that can give a boost to your bankroll or provide you with free spins and other perks. Let’s take a look at offers you can make use of on Bitcoin gambling sites.

• Welcome bonuses

It all starts with welcome bonuses, which may be awarded on the first deposit or several initial deposits. Typically, these bonuses come in the form of free cash. They are so-called match bonuses, meaning that you will get a percentage of the amount of your deposit in free money to play with. Sometimes, you may receive a batch of free spins on top.

• No Deposit Bonus

Unlike deposit-based welcome bonuses, no deposit bonuses require no payment at all. They are also given to new customers, as a marketing tool to attract them. Still, some operators give away no deposit bonuses to existing players as well. Whichever is the case, no deposit bonuses can be free money or free spins. The former are rare, though, while most Bitcoin casinos offer free spins no deposit you can use to play various slot machines specified by the operator.

At some gaming venues, you may be required to enter a promo code to receive a no deposit bonus. Other Bitcoin casinos may team up with gaming portals to offer exclusive bonuses you can activate only by accessing the gambling site given on the portal. Needless to say, you must complete a signup procedure to get a no deposit bonus.

• Reload Bonus

This type of bonus is reserved for existing players. Just like its name suggests, it allows you to increase your bankroll with free money. To do it, you should make a deposit. As soon as you qualify for the offer, a match bonus will be added to your account based on the payment you have made. Like other bonuses where you receive free cash, these bonuses can be used on games to your liking.

• Free Spins

This one is simple. A free spins bonus is just what its name says, a set of free spins you receive to play slot games selected by the casino. You can receive freebies based on the deposit you have made or with no deposit required, so read the instructions and follow them to redeem the bonus. Typically, free spins are played at the minimum stake.

• Cashback Bonus

Some Bitcoin casinos provide you with a portion of the money you have lost or wagered, which is called a cashback bonus. These bonuses come in all shapes and sizes, with each one having its own set of terms and conditions. They may include the minimum required loss, a timeframe and so on. Also, some Bitcoin casinos offer no wagering cashback bonuses, meaning that the winnings you obtain from them will be yours and you can use them in any way you like.

• Other Bonuses and Promotions

At some crypto-friendly casinos that also accept traditional currencies, Bitcoin users may be excluded from certain promotions. At the same time, others will offer exclusive deals to Bitcoin enthusiasts. However, if you sign up with a gambling site that focuses on Bitcoin and other electronic money, you will be able to take advantage of a variety of promotions designed with crypto users in mind.

For instance, some operators offer so-called Bitcoin faucet bonuses. These incentives require no deposit and carry no wagering requirements. Players will be asked to spin a bonus wheel to win a certain amount of Satoshis. Bitcoin casinos may also invite you to enter tournaments on slots or table games, where you can win real money or bonus prizes.

• Loyalty Scheme

Most online casinos today offer loyalty schemes or programs, and Bitcoin-friendly ones are no exception. A loyalty program consists of levels players need to reach to benefit from various perks. As you level up, you will benefit from more and more rewarding incentives. They may include free money and free spins, cashback bonuses, birthday presents and more. Besides, loyal players who have reached higher levels can also benefit from personal account managers, higher withdrawal limits and faster cashouts, lower wagering requirements and more.

Now that you are familiar with Bitcoin casino incentives you can benefit from, you should also be aware of a few facts. First of all, most casino bonuses carry wagering requirements you will have to meet if you want to turn free money into withdrawable cash. A wagering requirement represents an amount of real money you have to wager to release bonus funds. It is expressed as a multiplier that applies to the bonus amount, the deposit plus bonus or winnings obtained from free spins.

Bear in mind that you will have a limited amount of time to complete a playthrough. Also, different casino games have different wagering contributions, meaning that not all wagers are treated in the same way. For instance, if you play most slot games, your wagers will count 100%. On the other hand, bets placed on table or card games, including those available at live casino tables, will contribute at a considerably lower rate, like 10% or 20%. Sometimes, they will not be eligible at all.

There are other terms and conditions you have to pay attention to, like the maximum bet and maximum cashout cap. The former applies to bonuses while the letter refers to the maximum amount you can cash out from free spins winnings. Anyways, make sure to read and understand terms and conditions before you claim any Bitcoin casino bonus or take part in a promotion.

Bitcoin Casino Banking

Banking is what makes Bitcoin casinos stand apart from regular gambling sites. So, let’s find out how to fund your casino and clear your winnings in Bitcoin.

• Bitcoin Deposits

To make a deposit, you first need to get yourself a crypto-wallet. You can choose from desktop and web-based wallets, so make sure to learn more about your options and make an informed decision. Web-based crypto-wallets are considered more convenient while desktop wallets are considered more secure. Crypto-wallets are similar to e-wallets, with the biggest difference being in the money you can store in them.

Once you set up your crypto-wallet, you should load it. You can purchase electronic money through the wallet or Bitcoin exchanges, obtain it from other users or mine Bitcoin by solving certain math problems using special software. When you have Bitcoin in your wallet, you can go to the cashier and make a payment. Choose Bitcoin as a preferred payment option, provide the casino’s wallet address and enter the amount you want to send to the casino.

Funds will be instantly processed and ready for wagering. Keep in mind that Bitcoin transactions incur small fees charged by the providers of the wallet service. Most operators won’t charge fees on transactions in Bitcoin, though.

• Bitcoin Withdrawals

If you get lucky and score some wins while enjoying Bitcoin gambling, go to the cashier and request a withdrawal. It is a simple procedure, where you have to enter your crypto-wallet address and the amount you want to cash out. So, it is like a reverse deposit. Withdrawals are processed quickly at most Bitcoin casinos. Still, some operators may take more time to process withdrawal requests. It may take them up to 48 hours to carry out identity verification procedures.

Bitcoin Casino Customer Support

Today, 24/7 customer support is a must for any online casino. So, before you register with a Bitcoin casino, make sure to check whether it provides assistance round the clock. Casino agents should be available through live chat, email and phone. A good Bitcoin gambling site should also offer a comprehensive FAQ section that can come in handy when players have doubts about bonuses, banking, technical issues and more.

How to Sign Up with Bitcoin Casino?

The registration procedure at Bitcoin casinos does not differ from the one you need to complete at any other casino. You should provide your details and accept the terms and conditions. However, the transactions you make will be processed anonymously, since the only thing you should provide is your crypto-wallet address. Of course, if you want to enjoy Bitcoin gambling, you must obtain electronic money first.

Bitcoin Casino Pros & Cons

Like any other thing that exists in the world, Bitcoin casinos come with advantages and disadvantages. Here is the lowdown on Bitcoin casino pros and cons you should be aware of.

Pros:

• Swift and anonymous transactions
• No middleman
• Lower fees
• Provably fair games
• Innovative bonuses and promotions

Cons:

• Understanding how Bitcoin works takes time
• Not many Bitcoin-only casinos are available
• Not all Bitcoin casinos are licensed and secure
• Payouts may be possible in fiat currencies only
• Bitcoin is a volatile currency whose price can fluctuate

What Else?

To understand Bitcoin gambling, you must understand cryptocurrencies first. So, take your time and learn all about it, including how to get it. Also, you should become familiar with the value of its smaller units to be prepared to gamble in Bitcoin. If you don’t do it, you may wager higher amounts than you intended to and risk more than you can afford. Always bear in mind that Bitcoin is real money and play responsibly!

Closing Thoughts

As you can see, Bitcoin gambling has many advantages. Still, you should do invest your time in due diligence and choose a BTC casino wisely. If you sign up with a trustworthy operator that accepts Bitcoin, you will make your deposits and withdrawals at rocket speed while keeping your privacy. At the same time, you won’t miss out on the fun since Bitcoin casinos offer a full range of casino games as well as bonuses and promotions that will enable you to enjoy them to the fullest.

Bitcoin Casino FAQ

Are Bitcoin casinos safe?

If you pick an online casino that is fully regulated and licensed by a reputable regulatory body, you won’t have to worry about the safety of your data or funds.

What do I need to start with Bitcoin gambling?

To start with Bitcoin gambling, you must set up a crypto-wallet and obtain Bitcoin first.

What games can I play at Bitcoin casinos?

At Bitcoin casinos, you can enjoy a full range of games, from slots and table and card games to live dealer games, instant-win and lottery-like games.

Are Bitcoin casino games fair?

Bitcoin casino games provided by reputable suppliers are 100% fair. Besides, Bitcoin casinos offer so-caller provably fair games, which means that you can check the fairness of each round you have played.

Why join a Bitcoin casino?

At Bitcoin casinos, not only that you can enjoy a full range of casino games, but you can also take advantage of fast transactions with no extra fees and enjoy an overall safe gaming experience.