If you are looking for information regarding Bitcoin gambling, you’re in the right place. We’ve included useful information to make your Bitcoin gaming experience a successful one. From the advantages of using the currency, how to select the best Bitcoin casinos and the legality of such casino sites, it’s all covered here. We also have you covered in terms of how to start playing at the casinos that accept BTC and withdraw using Bitcoin. We’ve also listed several recommended Bitcoin casino sites to visit.
🔥 Best Online Casinos updated: 04 Aug 2021 00:18:15
📍 A brief guide to Bitcoin gambling
Bitcoin is a digital currency, which can be transferred from one person to another globally, in just a few seconds. It has no central body governing it and as such, appreciates and depreciates depending on the demand. It offers significant advantages over traditional payment options. Because of this, it has found popularity with Australian casino players who prefer to:
remain anonymous during gambling;
withdraw their winnings more quickly;
avoid transaction fees;
play Bitcoin exclusive games.
An increase in Bitcoin gambling has led to more Bitcoin casinos being created.
Compared to other casinos supporting fiat currencies, there are less online Bitcoin casino sites. It’s a new currency that people are yet to fully understand. The laws governing it are rather grey, which further adds to the uncertainty. However, as more people understand the benefits Bitcoin Casinos offer, popularity will increase. In the next section, we look at the outstanding advantages of Bitcoin gambling as well as how to pick the best crypto casino.
🎮 Pros and cons of using Bitcoin at online casinos
Like every new technology, Bitcoin has its pros and cons. As a player, it’s important to understand these before deciding whether or not to play using Bitcoin. Bitcoin gambling is becoming more popular and has been widely embraced by the online gaming community, which indicates that it could be the future of online transactions. Some of the benefits include:
Minimal or no fees.
Added promotions and bonuses.
Is it worth playing at online casinos using Bitcoin?
Experts agree that anyone can play using Bitcoin. It is recommended as the best way to transact online as it is not only fast to use, but also offers access to exclusive games, has zero fees, and excellent security.
With Bitcoin, your transactions are processed quickly. Deposits are instant, while withdrawals take between 2 to 5 hours.
There aren’t many disadvantages associated with Bitcoin casinos, besides the fact that it is prone to cyber-attacks. This has been a threat to online casinos in general, but if you visit a legitimate brand, there are measures put in place to ensure your safety. Bitcoin gambling is subject to volatility, which means you can easily lose or gain cash value within a matter of minutes. Unless you’re trading in Bitcoin though, this shouldn’t be an issue.
When rating the best Bitcoin casinos, we follow a rather strict process, just to make sure we don’t miss anything that our readers should know. Our experienced team of reviewers constantly use the same ‘recipe’ to review and rate casinos. We continually re-evaluate online casinos just to ensure they are always up to date and relevant to the current time. Below are some of the areas or sections that we look at when rating the best Bitcoin casinos.
There are plenty of factors to consider when rating an online casino, but the areas listed below affect your gameplay directly. This is why we put so much emphasis on them above all the other aspects.
🔐 Security and safety
🎁 Bonuses and promotions
To score highly in this category, a site needs to ensure it offers plenty of bonuses and promotions at reasonable terms to its users. It also needs to update its bonuses and promotions portfolio frequently.
📞 Customer support
It seems every brand is focusing on ensuring they offer as many customer support channels as possible. Therefore, to stand out and get rated highly at sites like ours, the BTC casino needs to employ friendly, knowledgeable and professional agents.
🥇 Licence and certification
Sites that hold licences from accredited bodies such as the MGA, UKGC and the Government of Curacao are highly rated. Those with extra certifications from bodies such as eCOGRA and GLI get extra points and rank higher.
🕹️ Games and software
Quality games are the most critical part of Bitcoin gambling. Therefore, brands with hundreds of games from renowned and reputable software providers such as NetEnt, Microgaming, Betsoft, Endorphina and Pragmatic Play are highly rated.
📲 Mobile compatibility
For a casino to be featured in our list of best Bitcoin casinos, it needs to support multiple mobile platforms. It should be available on both download and no download formats too.
⭐ User interface
The best Bitcoin casinos in our list have made it very easy to use and navigate their platforms. All the buttons are clearly labelled, the colour scheme blends well, and the site loads fast.
It’s legal for Australians to gamble online, but it’s prohibited for online casinos to offer their services from within the country. Furthermore, the Australian government has systems in place to ensure all cryptocurrencies, including Bitcoin, are properly regulated. The governor of the Reserve Bank of Australia has been quoted as saying, ‘there’s no law against Bitcoin’. It, therefore, means that it’s legal to gamble online using Bitcoin. Just ensure you are visiting a licensed online casino and purchasing your Bitcoin from a certified Bitcoin exchange platform.
There are hundreds of Bitcoin exchanges, which all promise to offer safe, secure and regulated services. To stay safe, it’s advisable that you only visit exchanges that are well known internationally. Coinbase, Binance, and Kraken are just some of the few renowned sites.
💡 How to start playing at an online casino with Bitcoin?
Playing at an online casino using Bitcoin is an easy four-step process. Once you’ve opened your account with the online casino, follow the steps below:
Pick a Bitcoin exchange, set up a wallet and purchase Bitcoin.
Log into your online casino account, deposit using Bitcoin.
Visit the game section, pick your game and choose your bet amount.
Play your hand, spin the wheel or the reels and see if you win.
A digital wallet that holds all your Bitcoins. It helps facilitate sending and receiving Bitcoin online.
There are currently thousands of games to pick from at the online casinos. However, there are only a few Bitcoin-specific games. Not all software providers are on board the Bitcoin train with its unique blockchain technology, but companies developing games such as slots, dice, blackjack and roulette include:
💠 How to withdraw winnings via Bitcoin?
It will take: 10 minutes
Withdrawing your winnings via Bitcoin is as easy as depositing. If you are unsure how to do that, the steps below should guide you.
Log into your account and click on the banking section.
Select Bitcoin as your most preferred method of withdrawal.
Enter the amount you wish to withdraw. Different casinos have different limits, ensure you stay within those limits.
Follow the onscreen instructions. When asked to confirm the transaction, if you wish to withdraw – say yes to complete it.
Provably fair slots are games which use Bitcoin's innovative Blockchain technology to let players check for the authenticity of the game's results. They are different from the standard slot games in that they use a set of random numbers, which are then hashed to create a unique 'fingerprint', which corresponds to the game's results.
Are all online slots provably fair?
Unfortunately no! As stated, only slots accepting BTC are provably fair because they use unique BlockChain technology. Furthermore, since Bitcoin is a grey area, not all providers have embraced the technology to develop their games. If you'd like to try provably fair slots first hand, you are better off trying games from BetSoft, Habanero, Endorphina, iSoftBet, BGaming, Amatic and Pragmatic Play.
Can I win while playing using Bitcoin?
Whether you play the regular slots or Bitcoin slots using Bitcoin, as long as you are playing from a licensed and regulated Australian friendly casino, you can win. One of the important aspects of licensing is to ensure the casino offers you legitimate services only, which includes fair gaming.
Is it possible to reverse a transaction to the wrong wallet?
One of the shortcomings of Bitcoin is that once you've completed your transaction, you cannot reverse it. It's therefore important to always cross-check your account's wallet address before sending money to the casino or withdrawing from the casino to avoid losing your funds.
How safe are my details at the Bitcoin casinos?
The safety and security of your personal and financial information are dependent on the casino you visit. Ensure you are signed up at a licensed and regulated crypto casino to avoid losing your sensitive information to rogue and unscrupulous casinos.
Can I play Bitcoin slots for free?
Yes, like any other online slot game, you can play it for free. You'll get to enjoy all the features offered in real money through the free to play mode, except for winning real cash. To win real money, you'll have to spend real cash.
Do I still have to provide my details at the BTC casino?
You'll only get to enjoy anonymity when transacting using Bitcoin. However, while playing at the BTC casino, you will have to comply with the KYC verification procedure. It has been set by the regulatory bodies and is mandatory for every player to complete before being able to withdraw their winnings.
What is the minimum deposit at the Bitcoin casino sites?
The minimum deposit varies from one online casino to another. Some sites accept deposits as low as 0.01 BTC to highs of 1 BTC. Some of the well-established brands which deal with Bitcoin and other Cryptocurrencies exclusively will allow highs of 5 BTC per transaction.