With the widespread adoption of Bitcoin by online casinos, many players are now turning away from traditional payment methods and embracing the benefits of playing casino games at a crypto casino. Bitcoin is a digital currency that uses cryptography to secure transactions and control the creation of new bitcoins.
As a result, it is not subject to government or financial institution control and is not subject to the whims of inflation. This makes it an attractive payment option for online casino players who want to ensure their transactions are safe and secure.
In this post, you’ll know what Bitcoin is, the pros and cons of the cryptocurrency, how to choose a Bitcoin casino, how to deposit and withdraw bitcoin from bitcoin casinos and how bitcoin casino bonuses work.
Best Bitcoin Casino
Listed below are the best bitcoin casino sites and the welcome offer you can claim when you sign up as a new customer:
What is Bitcoin?
Bitcoin is a digital or virtual currency that uses peer-to-peer technology to facilitate instant payments. Such transactions are verified by network nodes and recorded in a dispersed public ledger called a blockchain.
It uses strong cryptography to secure transactions and control the creation of units. In addition, it’s decentralised, meaning it’s not regulated by a central authority like government institutions or banks.
Bitcoin was created in 2009 by an anonymous person or group named Satoshi Nakamoto. It has been highly controversial since its inception because of its link to illegal activities, such as money laundering, drug trafficking, and terrorism financing.
However, many believe these controversies are overshadowing the potential benefits of Bitcoin for society at large.
As the popularity of bitcoin has grown, it’s no surprise that bitcoin gambling has followed suit as more and more online bitcoin casinos have emerged. We have even seen traditional casinos that have been online for many years start to adopt this payment method. So it’s the perfect time to find a bitcoin casino site to begin to play your favourite casino table games and slot games.
Bitcoin Casinos Payments – Pros
Bitcoin casinos are a new kind that allows players to make deposits and withdrawals in Bitcoin. This differs from traditional online casino websites, where players usually deposit funds into their accounts via bank transfer or debit card. Instead, with a cryptocurrency casino, all payments are made directly through the casino’s own bitcoin wallet.
Here are the pros of bitcoin casino payments and crypto gambling in general.
Bitcoin Casino Payments Are Fast
Bitcoin’s decentralised nature means transactions are processed quickly and efficiently by the network, which helps ensure funds arrive at the casino’s wallet as soon as possible.
Conventional payment methods like bank transfers take longer for funds to be withdrawn and deposited into an account, which can cause delays when cashing out wins. However, casino players love casinos with fast withdrawals, so the best crypto casino sites will always process your withdrawals quickly.
Bitcoin Casinos Payments Are Secure
As online gambling rapidly grows in popularity, many players are worried about the safety and privacy of their financial information. So it’s no wonder many gamblers are now depositing money and withdrawing their earnings using bitcoin. Since bitcoin is entirely digital, it offers a high level of security for both deposits and withdrawals.
Blockchain technology is decentralised, meaning every action that takes part in the blockchain must be verified and recognised before authorisation. As a result, it’s even more difficult for fraudulent activities in a bitcoin casino because of the high levels of verification and numerous layers of encryption throughout the entire process.
This protects players from fraudulent charges or unauthorised account access, which is often an issue with traditional casino payment methods.
Bitcoin Casinos Appeal To A Wide Audience
Bitcoin is unique because it appeals to both casual and hardcore gamblers. Digital currency is highly convenient for people who want the simplicity of making one click purchases. It also offers the ability to quickly and easily cash out wins without waiting for a money transfer to clear.
The usual frustrations people have with traditional online casino payments are solved with the creation of crypto online casino sites that are increasing in number day by day.
Bitcoin Casinos Are an Innovative Force in Online Gambling
The bitcoin phenomenon has brought an entirely new group of players into the online gambling space, and many providers have already started accepting bitcoin at their sites. This growing popularity has opened new doors for casino operators looking to expand their customer base, which can help ensure long-term success in this competitive industry.
Cost Effective Alternative
Bitcoin is the most cost effective alternative to traditional casino payment methods. Setting up a Bitcoin wallet is free, and transaction fees are much lower than those of credit cards or banks. This means that a bitcoin casino site will let you use bitcoin as a deposit method to claim a casino bonus.
Costs may escalate when depositing or withdrawing money from casinos located out of your country. All these costs are eliminated when transactions are carried out using a bitcoin casino site. Ideally, there are no hidden fees or commissions associated with bitcoin transactions, just a nominal network fee for every transaction.
Bitcoin allows casinos to accept international players without worrying about currency conversion fees or exchange rates; as long as the casino accepts bitcoin in exchange for its services, it doesn’t need to worry about paying out winnings in any other currency.
Popular in Countries Where Gambling Is Illegal or Restricted
A crypto casino may provide a convenient alternative payment method if you live in a country where gambling is illegal or heavily restricted. Bitcoin transactions are safe from the prying eyes of the authorities. How? When gambling with real money casinos, your deposits and withdrawals are routed by a bank. That means the government can see your financial activities, including where the money comes from.
When using cryptocurrencies to gamble, you send your deposits from your cryptocurrency wallet to your casino account directly. Likewise, your earnings are also transmitted directly to your cryptocurrency wallet.
As a result, Bitcoin casino payment is an ideal medium of exchange for players who don’t want their personal information shared with third parties.
Bitcoin payments are much faster than those processed by traditional payment methods. This means players can get their winnings much more quickly than is possible with other payment methods.
Bitcoin transactions also don’t need to be approved by a third party, so there’s no waiting on hold for slow moving customer support agents.
Bitcoin Doesn’t Require Personal Information.
One thing that sets Bitcoin apart from other forms of online payment is that it doesn’t require personal information about the user to make a purchase – not even an email address or phone number.
This makes it an ideal option for people who want to keep their identities private when purchasing goods and services online.
Bitcoin Casinos Payments – Cons
New technology like bitcoin brings many benefits but comes with some risks. It’s up to you to decide whether the potential benefits outweigh the potential risks.
Bitcoin Transactions Cannot Be Reversed
Once data is included in a block, it can’t be deleted or modified. That means once a Bitcoin transaction has been confirmed; it cannot be altered, reversed or cancelled.
Only merchants can genuinely benefit from this service. However, as a customer, you should be aware of this limitation and avoid casinos that do not offer a refund option. The best online bitcoin casinos will provide this functionality for all their customers.
You can lose your bitcoins if you forget your login details or your private keys are stolen. To prevent that, make sure you back up the wallet regularly and keep it in a safe place.
Bitcoin Is Volatile
Bitcoin is highly volatile because it is a new asset class that has not yet been fully developed. This means that there can be an extensive range in the price of bitcoin at any given time, which makes it risky for investors.
Additionally, there may be few reliable exchanges where you can buy and sell bitcoin, making buying and selling more difficult.
Bitcoin also remains relatively new compared to other assets, so its value could easily fluctuate without warning.
One Bitcoin is currently worth $19,753.4. However, its value has been known to fluctuate by as much as 20% in a single day.
Other Bitcoin Casinos
How To Pick A Bitcoin Casino
So how do you know which bitcoin casino is the best for you? Here are the aspects to look at:
The best bitcoin casino will offer a variety of quality casino games from different developers in the same way traditional casinos do; this means you’ll find your favourite game in the casino, including live dealer games.
It’s a good idea to check if the casino has your favourite game before you make a bitcoin deposit. The good thing is that most casinos allow individuals to browse their sites to find out if their favourite table games and slot game options are available.
Trust and Reputation
Trust and reputation signify players’ opinions about how good the casino is. It would help if you chose a bitcoin casino with a good reputation. Gambling fraud is a common occurrence in casinos. News of people defrauded by rogue casino operators is not uncommon. So, you don’t want to risk your hard earn cash by choosing a bitcoin casino with a bad reputation and trust issues.
How do you know a bitcoin casino is reputable? Well, check out reviews about the casino online, especially those casino reviews conducted by our team of experts; they are up to date on the latest information in the industry.
Crypto Casino Bonus
Most Casinos offer a welcome bonus to new members. The casino bonus can be for opening a new account or depositing money in the account. The bonus is typically only available to new customers.
The bonus will help you to start playing your favourite casino game using some of the casino site’s money rather than just your own. In addition, it will help you get the hang of the casino website. So, choose a casino with a bitcoin casino bonus as it will let you try it out before depositing too much of your own money.
It’s a good idea to read the terms and conditions of the bonus. That’s because if the bonus is significant, it can come with strict terms and conditions.
Some casinos place maximum bets and maximum payouts. So, you must know these conditions before accepting any bonus. Besides welcome bonuses, the casino should also offer free spins, reload bonuses, deposit match bonuses, and VIP/loyalty points.
Licensed & Regulated Online Bitcoin Casinos
A license guarantees that the cryptocurrency casino has met the legal requirements, fixed guidelines and standards for online casinos. A licensed casino offers fair gameplay, and the betting games are random. It also has mechanisms (policies and regulations) to authenticate the players’ identity and secure that information.
Casinos display their licenses at the bottom of their official websites to determine whether a gambling site is licensed. A licensed casino means the state regulates it.
Cryptocurrency Casino Security
Online gambling involves depositing and withdrawing money. So, you must use a secure website. The casino you choose must guarantee the privacy and safety of your financial details. The first sign of a secure website is an SSL (Secure Socket Layer) certificate.
SSL (Secure Socket Layer) certificate is a type of security certificate that encrypts your data as it travels between your computer and the websites you visit. This helps to ensure that your personal information, such as username and password, and financial details are not snooped on by malicious actors.
In addition to providing privacy protection, SSL encryption helps protect against hacking attacks wherein unauthorised individuals access confidential data or steal cookies that track user behaviour across different websites.
A casino that offers multiple payment options means you can find a solution that you can easily access and use. But, of course, you can also change to other payment options.
So, besides making a bitcoin deposit, you will most likely want access to traditional payment methods like credit cards and debit cards. In addition, ewallet options like PayPal, Skrill, and Neteller are also very popular.
Any experienced online casino player will tell you that they sometimes experience issues and errors when playing their favourite games. If the problems and mistakes are not addressed immediately, they could cost a player money or ruin their gambling experience. So, choosing a casino with excellent customer service and support (preferably live chat) is essential to help you immediately when such issues and errors arise.
How to Make a Bitcoin Casino Deposit
You only need a Bitcoin wallet to use Bitcoins at an online casino. This is an app that you can download onto your computer or mobile device and then use to store your Bitcoins; alternatively, you can keep your wallet information on an online platform like blockchain.info. You can then use your wallet information whenever you want to deposit at a casino that accepts this cryptocurrency.
Most Bitcoin casinos make it easier for players to deposit using Bitcoins. But for first-time players, the process can be challenging. Luckily, this guide shows you how to do it:
To make a Bitcoin casino deposit, you must have a Bitcoin wallet with Bitcoins in it. Once you have those, head to your favourite casino that accepts Bitcoin payments, and go to the cashier section of the casino website. Select the “Deposit” and the cryptocurrency you want to use (in this case, Bitcoin).
A blockchain address unique to your Bitcoin casino account will come up. Copy the address, open your Bitcoin wallet, choose the amount of Bitcoin you want to transfer and start the transfer process by pasting the address in the “Send To” section and clicking the “Send” button. The Bitcoins should hit your casino account in minutes.
How to Withdraw Casino Funds with Bitcoin
Most people who use bitcoin for online payments also prefer to use it for casino payments. However, you can’t just withdraw your winnings from a bitcoin casino as you would from a traditional online casino.
Before you receive your winnings in bitcoin, make sure you know how to withdraw them to your wallet. If that’s not the case, ask support staff from the casino you’re playing what steps should be taken in this situation.
It’s also important to note that not all bitcoin casinos allow withdrawals in cryptocurrency. Some will require you to exchange your winnings into fiat currency or other cryptocurrencies. This means that they will charge some fees during this process.
The process of withdrawing casino funds with bitcoin is as simple as depositing. First, head over to your Bitcoin wallet. Then copy the Bitcoin wallet address. Next, head over to the casino website’s cashier section.
This time, select “Withdrawal”. Key in the amount you want to withdraw and paste your Bitcoin wallet into the provided space. The earnings will reflect on your Bitcoin wallet within ten minutes.
Bitcoin Mobile Casino Gaming
Bitcoin mobile casino gaming is a new gaming experience that allows you to play your favourite casino games on the go, including live casino games. It also offers a unique way for people to enjoy their favourite casino games without leaving their homes.
Some crypto online casino sites have a dedicated mobile casino app, you can download it, open it up, and you’re ready to start playing. You can easily access your account information, place bets, and withdraw funds from within the app.
If you want our recommendation on the best bitcoin casino site, we always feature casino sites that are fully mobile responsive without downloading a dedicated app.
All you need are your phone and your bitcoin wallet details. Then, you will have access to any casino table game, slot game, and all the live casino games in the palm of your hand. In addition, you can claim a crypto bonus whether you sign up on your phone, tablet or desktop.
Bitcoin Casino Bonuses
Bitcoin casino bonuses are a great way to increase your chances of winning while playing at a bitcoin casino. These offers usually come in the form of free spins or extra credits that can be used to make more deposits and play more games.
Some casinos also offer exclusive bonus rounds where you can win big if you hit specific targets. Read the terms and conditions carefully before making any deposits, as some casinos may restrict how often these bonuses can be redeemed.
If you’re a new player at a bitcoin casino, you will most likely be offered a casino welcome bonus package when you first deposit. However, these bonuses are usually tied to your first deposit only. So if you plan on making additional deposits later, you’ll have to look for another welcome bonus.
Bitcoin casino no deposit bonuses are also fairly common these days. They work the same way as regular no-deposit bonuses – the only difference is that they don’t require any deposits from your side.
Bitcoin casino no deposit bonuses are a great way to get started playing at a new online casino, and they’re also an excellent way to make some extra money. These bonuses usually allow players to earn free chips or cash without putting up any initial funds. In many cases, casinos will also offer exclusive bonus codes that can be used when making deposits.
Bitcoin has become extremely popular over the years, but it’s far from being the only cryptocurrency. For example, many other digital currencies can be used for online gambling purposes (although most of them aren’t as widely accepted as Bitcoin is).
If you’re interested in trying out some alternatives to bitcoin, then here are some of the best ones out there:
Bitcoin Cash was forked from the original bitcoin blockchain in 2017 and was created in response to the scalability issues that bitcoin was facing. It uses several key technologies to ensure your data remains private and untraceable, including Merkle Trees, Ring Signatures, and Confidential Transactions (which hide transaction amounts).
Litecoin is a cryptocurrency that Charlie Lee created in 2011. It functions like Bitcoin (although it’s more energy efficient and has faster transaction confirmations). So, it can be used for all types of gambling sites. It uses several key technologies to make sure your data remains private and untraceable, including Scrypt (instead of SHA-256), Segregated Witness (SegWit), Lightning Network, Confidential Transactions (which hide transaction amounts), Stealth Addresses, and MimbleWimble protocol.
Ethereum is another popular cryptocurrency mainly known for its smart contracts feature (which allows people to create their decentralised applications). You can also use Ethereum to gamble online.
Dash is another digital currency that was designed with online payments in mind. It focused on instant transactions and increased privacy, which makes it a good choice if you want to gamble online with cryptocurrencies.
Dash is a cryptocurrency that Evan Duffield created in 2014. It focuses on privacy features and instant transactions, which makes it a good choice for online betting sites.
Binance Coin is an Ethereum-based token used on the Binance cryptocurrency exchange. It can be used to pay for all types of things, including gambling bets and fees.
Dogecoin is a cryptocurrency created as a joke in 2013 but has since grown into one of the most popular digital currencies. It’s mainly known for its fast transaction confirmations and low transaction fees, which makes it ideal for online gambling sites.
Ripple (XRP) is more of a currency than a cryptocurrency. It was created in 2012 and only works with banks instead of individuals. Ripple Labs created this cryptocurrency for international financial transactions such as global payments and money transfers. However, you can also use XRP tokens for gambling online if you’re looking for something other than bitcoin or Ethereum.
While casinos using Bitcoin are still relatively fewer, the number of bitcoin friendly gambling sites will likely continue to grow as the popularity of this cryptocurrency increases.
Bitcoin casino payments are an excellent alternative to credit cards for casino players. The processing fees are lower than those charged by banks and other financial institutions, and there is no risk of identity theft or fraud with bitcoin. There is also no need to share sensitive personal information since all transactions are anonymous.