Here, we provide answers to those queries and examine all facets of cryptocurrency casinos, such as customer service, bonus, and more. Our team of researchers helped us to create a guide for new players in online bitcoin casinos.
Advantages of crypto & bitcoin gambling
Payment transactions are now a very strictly regulated process because online casinos must deal with one new regulation after another. This is where cryptocurrencies like bitcoin and others have saved the day.
In other words, cryptocurrencies offer an alternative to using fiat currency to process payments on casino websites without the limitations that come with it. But there are other benefits in addition to that.
Any online retailer needs to turn a profit, and one way to do that is by transferring money, or each time a customer makes a deposit or withdrawal. Like everywhere else, traditional payment methods frequently have high fees at online casinos. Thankfully, blockchain transaction fees are significantly lower than these traditional approaches, allowing you to keep more of your winnings than you would at a typical online casino. You can play longer if you have more money in your pocket.
Transparency is another benefit of cryptocurrencies. The fact that your transactions are visible as a result of the public ledger is one illustration of how this is especially useful. As a result, you can demonstrate that you made a payment and confirm that the bitcoin or cryptocurrency casino actually processed your withdrawal.
The creation of a global payment system devoid of governmental or bank involvement is one of the objectives of cryptocurrencies. Without this institutional and national control, all Bitcoin gambling sites operate identically, no matter where you are located, using Bitcoin or any other cryptocurrency. US citizens are welcome to play at our best casinos.
Your personal information stays hidden throughout a transaction because Bitcoin uses pseudonyms. People can see the transition, but only the portion that is visible. Bitcoin casino sites provide completely anonymous accounts without disclosing any of your personal information. You get access to your favorite table games, live dealer games, slots games, and live casino games. Any purchases you make at a Bitcoin casino won't ever appear on your credit card or bank account statements.
Disadvantages of crypto & bitcoin gambling
Every time there are benefits, there are also drawbacks, just like with anything else. Even though there are a lot advantages to trying something new, some people are frequently discouraged by the opportunity. Here are a few considerations you should make if you're thinking about playing with cryptocurrency in order to give you the full picture and allow you to make your own decision.
As the blockchain is not owned by anyone, it can be difficult to resolve issues with transactions. Even though your wallet provider or the cryptocurrency casino itself may offer you some level of customer service, they have no influence over the blockchain. Additionally, if the money in your crypto wallet were stolen, it would be impossible to find it and you would have little chance of recovering it. This only serves to reinforce the need for you to use a reliable crypto wallet and make sure your money is adequately secured, in our opinion.
Once a transaction is approved, your bitcoin wallet's funds are no longer there. Therefore, unlike with a credit card, you have no way to chargeback or reverse the charge if there is a problem with the casino. This is just one argument in favor of playing only at trustworthy bitcoin and cryptocurrency casinos, such as the ones we suggest.
Cryptocurrencies are also well known for their volatility, which can cause significant price fluctuations. This may be advantageous in some cases, such as when the price of Bitcoin rises, but it may also have the opposite effect.
When you play at a Bitcoin casino in BTC, you are only subject to volatility when you convert your winnings back into fiat money. Your coins may lose some value during conversions into fiat currency if the website you're playing at does so. On the other hand, it's also possible that they will appreciate in value. That's it, then!
How to choose a crypto casino?
The very best crypto casinos have been located by our team of experts. Of course, your personal preferences will determine which cryptocurrency casino you choose to use. To assist you in selecting the ideal casino for you, our reviews include details on each of the following factors.
- If you have a preferred cryptocurrency, make sure that any crypto casino you are thinking about playing at accepts your chosen coins.
- You should also take a look at the available game library. You should look at our guides for the lottery, dice, and poker if you're not looking for casino games.
- Examine the various bonuses that are being offered. Free spins are offered by some bitcoin casinos, matched bonuses are offered by others, and occasionally both are combined. We advise against letting this influence your choice too much, as bonuses only have a temporary benefit. It only makes sense to choose the bitcoin casino with the best bonus if you discover that two of them offer comparable benefits.
- Check the casino's restricted countries list before playing there. For example, a site that accepts US players will say "Players from USA Accepted," which indicates that this is a bitcoin casino for players based in the USA. This can be done by visiting our review page for the casino and looking at the highlights.
Safe bitcoin gambling
The safety of Bitcoin transactions is one of the main factors driving its popularity. An individual would need your login information to access the funds in your crypto wallet.
Choosing reputable sites
Even though it might seem obvious, choosing the best bitcoin casino is made simple and safe by sticking to reputable websites. You can get a sense of how the bitcoin casino has performed both historically and currently by looking at its reputation on websites like TrustPilot. Although a site's reputation doesn't always predict its future, it's frequently a good indicator of how they've treated players and customers in the past. Our team of reviewers has examined the legitimacy and reputation of every site on our top lists so you don't have to. This should help you save a lot of time so you can enjoy it.
When you register for anything online, you should always pick a strong password, but this is especially important when money is exchanged. As a result, when setting up an account with a bitcoin casino, you should consider a password that is both secure and distinctive.
Make sure your password contains both capital and lowercase letters, as well as special symbols and numbers. You may have noticed that many websites these days give you no options. If you're registering with multiple crypto casinos, make sure to pick a different password for each one. One more piece of advice: never reveal the password to your email address to anyone. Using software that generates a random password upon signup and saves it could also be an option because it eliminates the possibility of you ever being the target of a keylogger. Google Password Manager is a good alternative in this case.
Crypto & Bitcoin Casino Bonus
Casinos that accept fiat money, bitcoin, and other cryptocurrencies are known worldwide for their fantastic rewards programs and array of generous bonuses. So before agreeing to accept any bonuses, make sure you at least comprehend the fundamental terms. Here are a few of the most common bonus categories that the best cryptocurrency casinos offer.
What is a deposit bonus at a crypto casino? Deposit match bonuses and no-deposit bonuses are the two main types of bonuses. The one you'll see the most frequently is a deposit match. It's a percentage match bonus, with the bonus value based on your initial deposit, up to a set limit, for example, a 100% match bonus up to 5 BTC. Simply put, this means that the casino will match your deposit up to a total of 10 BTC if you deposit 5 BTC.
Here are some Casinos that offer free spins and match bonuses
BC Game Casino - 100% Match Bonus
Mbit Casino - 150% Match Bonus
Cloudbet Casino - 100% Match Bonus up to 1 BTC
Fortune Jack - 125% Match Bonus + 50 Free Spins
Wild Casino - 175% Match Bonus + 100 Free Spins
Some bitcoin casino websites provide a more thorough match bonus that compensates you for making multiple deposits rather than just the first one. These are always worth a second look because they extend the duration of the offer's benefits.
What is a no-deposit bonus at a bitcoin casino? No-deposit bonuses are a relatively uncommon bonus that crypto and bitcoin casinos offer. The basic concept is that it's a bonus that can be claimed without making a minimum deposit. Compared to traditional welcome bonuses, no deposit bonuses are typically much smaller. Given that there is no requirement for financial commitment, this makes sense. Simply open an account to qualify for this bonus, and you'll get your no-deposit bonus just for checking out the casino. When it comes to bonuses and promotions, no-deposit bonuses are typically the most well-liked by players.
Free spins are given as an alternative to match bonuses, either as a component of a welcome bonus or solely as a reward for making your first deposit. Sometimes they're provided in the form of a no-deposit bonus, meaning you don't even need to make a deposit.
A bonus without a wagering requirement is known as a no-wagering bonus. This indicates that there are no restrictions on how many times the bonus amount must be used in play before the bonus can be claimed, used, and then withdrawn. These bonuses are the most well-liked ones that a crypto & bitcoin casino can give its players, along with the no-deposit bonuses.
Recently, a growing number of cryptocurrency casinos have started to offer Rakeback, which appears to be a very popular promotion among players. You will receive a cashback, which is a portion of your losses from gambling on slots and sporting events.
The best crypto casinos with cashback currently are, Stake.com and BC.Game
Definitely, Bitcoin is the most well-known and widely used virtual currency. Some casinos now only accept Bitcoin because of this. However, more and more of them are now providing other cryptocurrencies.
Any cryptocurrency you prefer can almost certainly be found at several of our suggested cryptocurrency & bitcoin gambling sites. Here are a few of the most popular cryptocurrencies that casinos accept.
Although Bitcoin isn't the fastest payment option, it more than makes up for it in terms of security. The security of the currency is unrivaled given that the network governs itself. It is one of the qualities that users appreciate most about the coin and plays a significant role in its success.
However, decentralization is arguably Bitcoin's most crucial feature. Without the involvement of a middleman or the involvement of the government, players from all over the world can deposit money.
After all is said and done, Bitcoin remains the most widely used cryptocurrency for online casinos, and it doesn't appear that will change anytime soon.
Ethereum is the second most used cryptocurrency after bitcoin. Because of this, some online casinos only accept coins. An Ethereum casino allows for faster depositing than a Bitcoin casino does. The fees associated with this cryptocurrency are typically appreciably lower than those for bitcoin.
Ethereum is less secure than Bitcoin, which is where it falls short of Bitcoin. It's still a fantastic choice for funding accounts at online casinos, though. This is even more true in regards to its quick and inexpensive transactions.
While it is a Bitcoin offshoot, it is based on the same (sort of) fundamental ideas as its namesake. To address the problems with Bitcoin, Bitcoin Cash was created. The Bitcoin code was worked on by developers, who used cutting-edge technology to address problems like long transaction times. Due to its simplicity and speed, Bitcoin Cash is a favorite among online crypto casinos.
Since 2011, Litecoin has been in existence. It is also known as an altcoin and has some similarities to Bitcoin, but it also has some advantages of its own. In addition, it is quicker and cheaper than Bitcoin. You get the highest level of security and anonymity when you purchase Litecoin to top off your crypto casino account. The coin offers quick payment processing and is used all over the world.
When it comes to cryptocurrency wallets, there are several options. Today's wallets are generally very secure, especially if you stick with the most well-liked models.
These are our top 4 picks for online wallets:
These are our top 2 picks for offline wallets:
How to deposit and withdraw funds
It's completely safe to deposit money at a bitcoin or cryptocurrency casino. Every payment transaction is recorded in the public ledger, which can be viewed by anyone. This cutting-edge technology makes it nearly impossible for con artists like identity thieves to use any shady techniques on the blockchain.
Making a bitcoin casino deposit
You'll need to have already purchased your virtual currency and have it stored in an e-wallet before you can start having fun with crypto gambling. The steps you need to take are as follows:
- Step 1. Log in to your crypto or bitcoin casino and visit the cashier
- Step 2. Select a cryptocurrency
- Step 3. Choose a crypto wallet
- Step 4. Enter the amount you want to deposit
If it's your first deposit, be sure to take advantage of the welcome bonus if it's being offered. Finally, have fun playing the bitcoin games you've chosen.
Making a bitcoin casino instant withdrawal
A bitcoin casino offers the same straightforward instant withdrawal process as any other casino. You must complete any wagering requirements before you can withdraw money from a crypto casino, especially if you used any deposit bonus. It's simple to add money to your wallet by doing the following.
- Step 1. Visit the cashier/wallet and choose your preferred method of withdrawal
- Step 2. Enter the amount you wish to withdraw and confirm the withdrawal request.
Remember that not all bitcoin casinos offer instant withdrawals, so if this is something you're interested in, make sure the casino you're playing at offers it.
Most popular games at bitcoin casinos
The gambling games you can play with cryptocurrency aren't all that different from those at other online casinos. Of course, not every casino provides the same selection of games. However, typically, you can anticipate using your cryptocurrency to participate in the most well-liked casino games, such as:
- Video poker
- Live casino
- Crazy Time
- VR Casino
In 2023, there will be hundreds of bitcoin sport betting sites, making the betting market extremely competitive.
The top bitcoin betting sites are now providing more crypto bonuses and benefits in an effort to entice more gamblers and high rollers as a result of the increased competition.
Due to quick deposits and withdrawals, low fees, and a wider variety of games that can be played using Bitcoin and altcoins, Bitcoin and crypto sportsbooks have grown more appealing.
Mobile Bitcoin Casino
Nowadays, almost everything on the internet has a mobile version available. Thankfully, that also applies to Bitcoin gambling sites. While many casinos have created mobile apps that you can download, many more have developed websites that are mobile-optimized. This entails that you can play a variety of bitcoin games from the casino's library through your mobile browser, freeing up space on your phone that an app would otherwise occupy.
Naturally, you'll need to deposit your virtual currency and have access to your digital wallet if you play on a mobile device. So, for when you make a deposit, you should download your wallet to your device or at the very least be familiar with your key. There is no need to make a new deposit if you started playing at the casino on your desktop and now want to play on your phone because you can typically use the same wallet and bonuses on both platforms.
Provably fair casinos
A provably fair bitcoin casino verifies a game's fairness in real time, eliminating the need for manual auditing. Provably fair games are offered at every casino listed on our websites.
How to know if a casino is provably fair
You will be given a hashed seed number when you begin a provably fair game, and you will have the option of adding your own seed. You will receive the seed that was used in the wager once it has been played. The game can be regarded as fair and random if the hash was not altered in any way.
A game that can be proven to be fair allows you to confirm that the results are unpredicted and random. It's a deft and technologically sophisticated way to guarantee that a game offers crypto players a fair and secure experience. It improves fairness, transparency, and trust when provably fair games are in place. It's just one of the many aspects of Bitcoin casinos that we adore.
Step by step: how to get started at a bitcoin casino
Now that you have all the information you need, it’s easy to start playing at a crypto casino. Just follow these three steps:
- Step 1. Find an exchange to purchase your virtual coins from as your first step. Choose one of the reliable exchanges that offer cryptocurrency services to complete your purchase. Please find an exchange that offers your preferred cryptocurrency, such as Litecoin, if you have one. We just want to make you aware that different exchanges provide different cryptocurrencies.
- Step 2. After buying your coins, you'll need to find a secure cryptocurrency wallet to keep them safe. You can keep your coins in the exchange where you bought them in the interim. However, if you want to have more control over your money in the long run, you should keep your coins in your own wallet. You can go directly to the casino because some cryptocurrency and bitcoin casinos sell virtual coins. Even right before you're prepared to begin playing, you can do this. Prior to signing up and providing your payment information, make sure you know which casino you want to play at.
- Step 3. It's time to pick your casino once you've purchased your coins and are confident that they are safe storage. Remember that by offering the best online crypto casinos, we've already done the legwork for you. So all you have to do is choose the one that's best for you, set up your account, and enjoy playing your favorite bitcoin casino games.
For more Information check our bitcoin casino reviews.