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Table of Contents
- 1 A Closer Look At Bitcoin Casinos
- 2 Bitcoin – The Basics
- 3 Bitcoin Casino Transactions
- 4 Depositing And Betting With Cryptocurrencies
- 5 My First Crypto Wallet
- 6 Making Your Crypto Casino Deposit
- 7 Bitcoin Casino Security
- 8 Crypto Bonus And Promotion Perks
- 9 Types Of Bitcoin Casino Bonuses:
- 10 Best Cryptocurrencies For Casino
- 11 Pros And Cons Of Bitcoin Casino Gambling
- 12 Bitcoin Casino Games
- 13 Exclusive Bitcoin Casino Games
- 14 Bitcoin Mobile Casino
A Closer Look At Bitcoin Casinos
Of all of the major innovations in the world of online casinos, one of the biggest developments has come through cryptos. Cryptocurrencies have really shaken up the online casino world, by offering players the chance to transact instantly, with zero fees and in many cases casinos even offer exclusive cryptocurrency casino games. Of course, there are pros and cons with using crypto to deposit and withdraw at gambling sites, and we’re going to give you a rundown here of what’s hot and what’s not when it comes to Crypto Casinos.
Bitcoin – The Basics
As most people are now aware, BitCoin is one of the biggest cryptocurrencies out there. Chances are, if you know the name of one crypto it’ll be BitCoin. Basically, all cryptocurrency is a type of digital payment option for transacting online. Blockchain, which is how cryptocurrencies work, is a decentralized tech that is hooked up to thousands and thousands of computer systems, and it’s these that manage and record all cryptocurrency transactions online. One of the real benefits of using a crypto like BitCoin is that the technology used offers a state-of-the-art security and anonymity that’s not matched by the standard payment methods like casinos accepting Visa and e-wallets like Skrill. Tracing transactions is near enough impossible when transacting using BitCoin and other cryptocurrency providers, and government interference isn’t possible – which is one of the things people love about this revolutionary technology; however, it’s also what gives cryptocurrency its reputation for being a little shady at times.
Bitcoin Casino Transactions
Using BitCoin Casinos, the process for making a deposit or cashing out isn’t dissimilar to using traditional payment methods, except crypto casinos that offer BitCoin, Ethereum and Litecoin as their main payment options are giving players a new kind of casino experience. You will tend to find that exclusive crypto and BitCoin casinos will make special, exclusive BitCoin games and promotions available to players who choose to transact using cryptocurrency.
Depositing And Betting With Cryptocurrencies
If you are already using crypto online, then it’s as simple as signing up an account at Crypto Casino, depositing with your selected cryptocurrency and start playing their casino games. Yes, playing casino with cryptocurrency is pretty much that simple. For many though, the first step will be setting up their first crypto wallet.
Key Points:
- Cryptocurrencies are a digital payment method for online transactions
- Benefits of using BitCoin and other cryptos is anonymity and lack of interference
- Many casinos offer exclusive games and offers for cryptocurrency players
My First Crypto Wallet
For Crypto virgins, it’s an exciting time to get in on the BitCoin business, because since the novelty and mystery has worn off, the BitCoin market is less volatile and increasingly a great way to transact online. We suggest first doing a bit of research, if you’re unsure which Cryptocurrency to open your first crypto wallet with – whether that’s BitCoin, LiteCoin Ethereum or one of the less well known cryptos. Word of warning though: if you do open a crypto wallet with a lesser known cryptocurrency, a casino may not list that particular currency, so make sure to check the Crypto Casino’s website first for accepted payment options. After you have opened your wallet, the fist thing you’ll do is buy tokens (AKA altcoins, BitCoins, Tether, Dogecoins, etc.) Once your crypto wallet has funds in it, the rest should be easy.
Making Your Crypto Casino Deposit
As long as your Crypto wallet has a balance, making a deposit at your chosen BitCoin casino should be straightforward. Log in to your casino account, go to Cashier, banking or click on the deposit button, and select your Cryptocurrency from the list of accepted currencies such as BitCoin or LiteCoin. After requesting a deposit, you’ll receive a blockchain address that’ll be uniquely connected to your account. Go to your crypto wallet and transfer the amount you want to convert into casino chips. The whole process should not take more than a few minutes at most crypto casinos. Soon enough, you’ll be placing real money bets and enjoying exclusive BitCoin slots.
Bitcoin Casino Security
The first thing you should always check when signing up at any casino, whether it’s a BitCoin casino or not, is that they have a valid license. If the BitCoin casino does have a valid license from an authority like MGA, UKGC, or Curacao, then it will measure up when it comes to security. All online crypto casino sites should use SSL 128-bit encryption for data protection.
Crypto Bonus And Promotion Perks
More and more, you will find a BitCoin Casino or online crypto casino that offers players using crypto as a payment option perks. Many have increased welcome bonus amounts on match deposits for players using BitCoin to make their first deposit. Crypto cashback offers are also increasingly common to find at CryptoCasinos. Check out all of the big Crypto Casino sites and see which reward most to crypto players depositing using BitCoin, LiteCoin, DogeCoin, and other methods.
Types Of Bitcoin Casino Bonuses:
Match Deposit Bonus
The popular choice when registering a new account is for an online casino to offer a match deposit bonus. With a 100% match deposit bonus, if you deposit 10 BTC, you’ll get a further 10 BTC as bonus funds. As with regular currency casinos, you’ll have to wager on selected games to play through the bonus before it becomes available to cash out or available as real money BTC.
No Deposit Welcome Bonus
At a BitCoin Casino, it’s less likely to find a no-deposit bonus, as at traditional online casinos. There are some BitCoin Casino no-deposit bonus options out there, though. You’ll get a certain amount of bonus funds to play with when you sign up. The bonus funds will have a cap on how much the winnings can be withdrawn, and wagering requirements will apply.
BitCoin Free Spin Bonuses
Free Spin Welcome Bonuses are becoming increasingly popular, especially as slots take over the BitCoin Casino market. On making your first BTC deposit, you’ll receive Free Spins on selected slot games, which will be subject to wagering requirements before any winnings can be withdrawn into your crypto wallet.
BitCoin Casino Reload Bonus
To keep players loyal to a BitCoin Casino, many offer players monthly, weekly, or even daily Reload promotions, where deposits are matched 100%, or a percentage is paid back in bonuses that can be played through to be converted into real money.
BitCoin Casino Cashback
Another popular form of cryptocurrency offer is Cashback, where players receive a percentage of their bets back once a threshold has been reached – such as 10% Cashback up to $1,000.
Best Cryptocurrencies For Casino
These are the Cryptocurrencies we recommend as being trusted and more often listed as accepted cryptocurrencies as casinos.
Bitcoin (BTC)
Overall, BitCoin is the safest bet for BitCoin Casino gambling. Only sometimes the quickest with transactions, but BitCoin has a good reputation, and many BitCoin Casino sites exist.
Ethereum (ETH)
Ethereum is the second biggest crypto. Known to be the fastest cryptocurrency for making transactions online, they are also becoming known to be the most eco-friendly-minded of the cryptocurrencies.
Bitcoin Cash
Created to tackle some of the disadvantages of BitCoin, BitCoin Cash handles transactions quicker and is becoming very popular as a payment option for BitCoin Casino players.
Litecoin (LTC)
One of the oldest cryptos, also known as an altcoin, Litecoin has benefits such as being cheaper and quicker to make payments than BitCoin.
Pros And Cons Of Bitcoin Casino Gambling
Pros:
- Decentralization: having no connection to big financial institutions means your funds cannot be frozen or blocked. Also, BitCoin can be transferred to and from your crypto wallet without interference.
- No Transaction Fees
- Not paying fees when making BitCoin Casino transactions – or any transactions online – is a massive bonus to Crypto Casino players.
- Accepted Globally
- Cryptocurrency is championed as one of the universal payment methods. Without worrying about international financial regulations, you can use BitCoin anywhere in the world.
- Anonymity
- A transaction will conceal all your data as a BitCoin Casino player. Only the amount you deposit will be visible to the online casino operator.
Cons:
- Lack of Support
- One significant disadvantage of using cryptocurrency online is that if there are any problems encountered while making a transaction because no one owns the blockchain, nobody will be able to resolve the issue. Having no control of the blockchain is the gamble when choosing the transact online with cryptocurrency. We suggest using big, trusted crypto wallets for more peace of mind.
- Volatility
- Using BTC or other cryptocurrencies, it’s essential to know the risks. We’ve all probably heard rags-to-riches stories from crypto users. Be aware that the fluctuations in crypto can be highly volatile, so what may be a big casino win with cryptocurrency one week may be smaller the following week. Keep a keen eye on the markets, and we suggest only depending partially on crypto as a payment method.
Bitcoin Casino Games
You will find that playing at a BitCoin Casino, the selection of games will be very much the same as at traditional currency casinos. The casino game collections will vary, depending on the casino. Still, all BitCoin Casinos should offer a wide choice of slots, Live Dealer casino games, roulette, blackjack, video poker, and table games like baccarat and craps.
Exclusive Bitcoin Casino Games
Look out for exclusive Crypto Games. Making games exclusive for BitCoin players is becoming a popular way to turn players onto the BitCoin Casino revolution.
Bitcoin Mobile Casino
Being so technology-centered, crypto casinos often have great mobile casino products. While it depends on the casino itself, you’ll find that the top Crypto Casinos have great mobile apps and optimized gambling sites. Playing on your iPhone or Android should offer the same gaming experience at a BitCoin casino as on a desktop.