Bitcoin Casinos

The era of bitcoin casinos if definitely here! We have put together a detailed package that contains everything you need to know about bitcoin gambling sites. Check out a list of licensed and reliable crypto casinos and embrace fast & anonymous money transfers!

Bitcoin Casinos in a Nutshell

We only need to travel 10 years back in time and no one had even heard of bitcoin. Now within the last decade it has become a popular, safe and serious payment method that’s been used all over the world. The success has sprouted dozens of other crypto currencies as well - and there is no telling how big this phenomenon might grow.

At first people were joking about these currencies since there were little places to use them. Well joke is on them because now a wide range of companies such as Starbucks, Microsoft and KFC are now accepting payments via bitcoin.

And since online casinos are always looking for new and easy solutions to improve their services, bitcoins arrived quickly to gaming sites as well. This only makes since since casino money transfers are already handled digitally so incorporating crypto currencies has been a piece of cake.

So when we are talking about bitcoin casinos, we mean online casinos that accept payments with bitcoin and other crypto currencies such as Ethereum, Litecoin and even Dogecoin. These brands also give out bonuses for crypto players and guarantee the best possible bitcoin gaming experience.

Bitcoin casinos might sound really complicated or unfamiliar but they really aren’t. We have introduced Interac casinos or Ecopayz casinos - and this time we are just talking about brands use crypto currencies as well. It is very common that casinos have different payment methods in use and it was only a matter of time for bitcoin to be featured as well.

Crypto Currencies Growing in Popularity

Like we mentioned before, bitcoin has become a respectable currency instead of something odd people are mining in their parents basement. Since the world is becoming more and more digitalized, it’s normal to have currencies that you can not physically hold in your hand. Probably in the next 20 years, we will stop using cash altogether and focus more on blockchain options.

The revolution started in 2009 with bitcoin and it is still by far the most popular crypto currency. But once people started to realize that bitcoin was here to stay, other options started to pop up like mushrooms after the rain.

Currently over 100 mullion people own bitcoin - so over 1% of the entire world. And if we look at America, more than 17% has bitcoin in wallets such as Coinbase and blockchain.com. People and players all over the world are starting to recognize it as a viable currency which means that is becoming more and more stable. So the constant fear of a bitcoin crash is not very likely anymore and even us regular people can consider buying it.

And since a growing number of providers and companies are accepting crypto currencies, the popularity will keep on increasing. I mean there really is not that much point in owning ”money” that you cannot use - but since that is no longer the case, there is no stopping bitcoin and other currencies.

Play Without Borders

Since Bitcoin, Tether and Ethereum for example are virtual currencies and not regulated by any single country, they can be considered as borderless currencies. It does not matter where you live or where you send your payments as all and every geo blocking possibilities are enabled in theory. It might still be a good idea to only play at licensed Bitcoin casinos as you would avoid any possible inconveniences if you run into any problems or dispute.

One of the key benefits of crypto currency is that the whole system is based on decentralization so that no single entity, government or any individual is controlling the currency. In other words the authorities in your country or in the casino’s registered country can’t access or monitor your payments made with crypto currencies.

If you appreciate your anonymity the Bitcoin casinos and other crypto currencies are for you. Thanks to the blockchain and encryption no one can see your personal details as the only thing available is the transaction ID (TXID) and the amount of currency sent. The casino will not get your personal details and there is nothing that would be seen on your bank statement. This could make a huge difference for many since some of the banks are known to red flag customers with gambling deposits when doing background checks for mortgage for example.

What Currencies Crypto Casinos Use?

The whole alternative currency scene has bloomed recently as we have seen more and more possibilities arising. Bitcoin has become so general that you can even make cash withdrawals with it at selected ATM’s. For some years we have witnessed Bitcoin casinos coming but now there are multiple other cryptos available to play in real money online casino slots and games.

Created by an individual or a group called Satoshi Nakamoto, Bitcoin launched in 2008. It was the first ever crypto currency accepted by online casinos and no wonder, since it became the first ever household crypto currency in the world. You can use milli Bitcoin or mBTC as your deposit and bet size unit since it might be more convenient rather than playing with full Bitcoins worth tens of thousands each.

Litecoin or LTC is also widely accepted at various online casinos. It is one of the earliest alternative currencies launched in 2011. It is actually based on Bitcoin source code and was founded by fromer Google engineer Charlie Lee. Compared to BTC Litecoin is much faster with 4 times faster mining per block and the theoretical cap is also 4 times more than Bitcoin.

One of the latest currencies crypto casinos have integrated on their wallets is Dogecoin, It started as a meme and a joke when a drunk guy from America decided to create his own alternative currency. He was watching dog memes including a famous shiba inu character and decided to name and picture his new coin according to this. Well, people are not laughing anymore as in 2021 Dogecoin (DOGE) reached a 7 billion dollar milestone. Tech mogul Elon Musk has been one of the major patrons regarding Dogecoin and has managed to create a lot of hype around this currency.

Bitcoin deposits and withdrawals

First you should start by choosing one of the best Bitcoin casinos on our verified lists. This is the first step to ensure that you are playing at a reputable, trusted and verified online casino. After you have made your way to the gaming site, it is time to sign up and make your first deposit. Usually you are able to stay still anonymous as you are only required to use an e-mail address and password for the account.

Go to the cashier and choose Bitcoin or any other crypto currency as your payment method. Then the casino will generate their wallet’s address where you can send the money. Be very careful when you copy the address as even the tiniest mistake can transfer your money to someone else’s wallet and there is no way of getting that transaction charged back. Choose the sum you’d like to deposit and confirm the transaction. If you want to claim a bonus, please check that the amount is above the baseline required and that the bonus has been triggered.

The withdrawal process at Bitcoin casinos is fairly simple too. As they already have your wallet’s address after your initial deposit they can pay the amount instantly after you have requested a withdrawal. You should remember though that even though the casino is paying you instantly, you still need to wait for some time as the transaction is depending on the speed of block mining.With Bitcoin the average confirmation time is 10 minutes or so but the time can vary a lot. Faster blockchain currencies like Litecoin can be processed at least 4 times faster just because of the lighter structure.

Crypto Casinos and Provably Fair Games

Due to several license restrictions, not all games are accepting crypto currencies and can’t be played with Bitcoin, Litecoin, Ethereum and etc. However, there still are thousands of real money slots that can be enjoyed when playing with crypto currencies. When you deposit for example Bitcoin on your casino account, the games are able to recognize your currency used and offer you the same experience with bets made with Bitcoin. If you would use dollars, then the games would run on dollars but everything stays techically the same.

We get many messaged from our readers regarding if the games are unfair, tampered or rigged. Crypto casinos are leading the revolution towards more open and transparent gaming as thanks to the blockchain technology and open source principles, it is possible to check how the random number generator RNG works.

A new term called ”provably fair game” or ”provably fair casinos” have become a phenomenon. There are several independent tools that can be used for checking if every single spin, hand or round was actually legit and if the RNG worked as promised. Every game has a mathematical return-to-player percentage RTP% describing the ratio between winning and losing combinations within the game’s engine. Provably fair slots and provably fair casinos are giving anyone a fair chance to access their logs and check if the results have been in line with the original frame. This is a way for you to audit if the results are actually unpremeditated.

In a way, crypto casinos and bitcoin games can be even safer than original slots played with mainstream currencies. At the moment you are able to play slots, video games, card games, table games and more with Bitcoin and other cryptos. Maybe sooner or later live casino becomes also available at Bitcoin casinos.