Top Bitcoin Casinos

Since the global Bitcoin market exploded in 2017, you’ll be hard-pressed to find someone who doesn’t know about the benefits of this revolutionary crypto-currency. Thanks to its decentralized setup, Bitcoin is free from the influences of governments or organizations. This means that its value stays the same for everyone no matter where you are in the world, while also keeping your identity completely hidden. Want to know more? Then you’ve come to the right place.

Bitcoin in a Nutshell

The cryptocurrency, based on blockchain technology and created by the mysterious Satoshi Nakamoto, has gone from strength to strength since the first block was mined and traded in 2009. More people around the world are aware of the benefits of the cryptocurrency following its exponential boom a few years ago and, as such, more and more industries have invested heavily in it. One such industry that has taken a keen interest in it is the online casino industry, with more and more sites accepting it as a valid form of payment. It may not be as widely accepted as other more established methods, but its popularity amongst people from all walks of life cannot be denied.

Advantages of Using Bitcoin

Bitcoin is used the world over in a variety of different industries. But what does it offer to the modern casino player? Let’s have a look.

Private Payments

A huge advantage to Bitcoin is that your identity is always hidden. Each transaction is verified when you log on to your wallet, and can even be verified a second time through two-factor authentication. What this ultimately means is that your personal information is never shared throughout the transaction process. Even while each user of the crypto currency has an individual Bitcoin address, that cannot be used to reveal your identity.

Universal Currency

Perhaps the biggest selling point to using Bitcoin is that its value remains the same for everyone, no matter where you are in the world. With no central government or organization controlling the currency, the inconvenience and added expenditure of differing exchange rates are now a thing of the past.

Pay and Play on Mobile

What with the rapid development of mobile casino apps in recent years, you’ll be pleased to hear that a whole range of Bitcoin wallets can be used via your mobile phone. As such, you will be able to manage your Bitcoin balance, access all the other positives that come with the crypto currency and enjoy some of the best online casino games right from the palm of your hand.

Disadvantages of Using Bitcoin

While the positives of Bitcoin are big and well known, it is worth knowing that there are still some downsides to the crypto currency. For starters, you won’t find the crypto currency offered at online casinos as widely as other payment methods like e-wallets or credit cards. As such, your choice of casino will be more limited if you’ve got your heart set on using Bitcoin. Secondly, the price of Bitcoin can change drastically at a moment’s notice. The lack of centralization may be good for anonymity and a universal currency, but it is not good for maintaining a consistent price. Finally, should you run into any issues with Bitcoin, you are unlikely to be able to access any customer support from the cryptocurrency. This is again a downside of it being so decentralized, but you may find some joy by contacting your Bitcoin wallet provider.

Your Guide on How to Deposit and Withdraw with Bitcoin

While getting started with a new and unregulated currency may sound daunting, the process of setting yourself up with Bitcoin and trading with the crypto currency is in fact relatively easy.

Boost Your Bankroll

For some players, the welcome bonus on offer at a particular site can often define the experience. That’s why it’s always best to know what sort of bonuses are out there and what you’re signing up for when you’ve found one you like.

Matched Deposits

You’ll find these bonuses at a lot of online casinos and they can often be great value for money. When you make your first deposit at a site, the casino will match that amount up to a certain percentage, which will often look something like ‘100% match up to 1 BTC.’ These bonus funds available will be limited to a certain amount, however, will come with wagering requirements attached to them, so you should keep an eye out for them.

Free Spins

If slots are your game, then free spins are the bonus for you. These are another common bonus and will often come bundled together with other bonuses, like a matched deposit. Just like other promotions, they will come with a set of wagering requirements to fulfil, but they can also prove to be a great earner.

No Wagering Bonuses

Yup, you’ve guessed it, these are bonuses that come with no wagering requirements to fulfil in order for you to access your funds. These can often be great value and you make a decent profit off them, but they will often come with other conditions like strict time limits or very specific game restrictions that need to be adhered to. Either way, they are a great way for you to get to grips with a new site or selection of games.

Bitcoin on the Go

Playing at your favourite Bitcoin casino on your mobile is now easier than it has ever been before. The best online casinos will have native apps that will give you the foremost mobile gambling experience, giving you faster loading times and allowing you to customize the app itself. Casinos without a native app, however, will at least have a fully optimized mobile site which should give you access to most of the features and benefits of the desktop site.

Give a New Casino a Try

New casinos nowadays pack a lot more punch than you might think. Established sites may be the most obvious choice, but sites fresh on the scene will have a lot to offer. From player-friendly bonuses to some pretty unique features, new casino sites do a multitude of things in order to stand out from the crowd and attract new players and you certainly wouldn’t be wrong to try our list of the best new casinos out there right now.

Alternatives to Bitcoin

While Bitcoin does have a lot to offer, there are other payment methods out there that serve a selection of different purposes.

Interac

Interac is one of the most popular and widely trusted online payment methods available in Canada today. You do need a Canadian bank account to use this service, which promises top-level security and instant deposits.

Skrill

Skrill is an e-wallet that has been at the forefront of the industry, having started operating way back in 2001. Transactions are protected by industry-standard encryption software and are processed within a matter of hours. And what’s more, you can even claim a prepaid Skrill Mastercard. You will find, however, that some casinos will exclude Skrill from their bonuses, meaning you will have to use an alternative payment method should you want to get your hands on a lucrative welcome bonus.

Neteller

Neteller is another e-wallet that has a lot to offer players. Quick transaction times and industry-standard encryption are the key benefits to this hugely popular e-wallet, while the ability to keep your personal financial information separate from your chosen casino is another. You may find that some bonuses exclude Neteller as a valid payment method, so we highly recommend you check out the terms and conditions before you choose a bonus.

Paysafecard

If it’s security you’re after, then you’ve come to the right place with Paysafecard. A Paysafecard is a prepaid card that you can buy via the internet or over the counter. You can even buy one with cash, meaning there’s no need to share your bank details with anyone. It’s a very widely accepted deposit method at online casinos, but unfortunately, you won’t be able to withdraw any money with it. As such, you will have to use an alternative payment method if you want to get your hands on your funds.

How to Stay Safe Using Bitcoin

Playing at an internationally-licensed casino is one of the best ways you can guarantee your safety when you play at an online casino. Their regular vetting of casino sites and gaming software ensure that you will always be secure. But, because Bitcoin is decentralized by its very nature and acts with no oversight from a governing body, there are extra steps you can take to keep you and your financial information safe.

Use Two-Factor Authentication

You should be able to manage your Bitcoin balance via a Bitcoin wallet. And when you use a Bitcoin wallet, you should always use two-factor authentication, or 2FA for short. Enabling 2FA means that you will have to prove your identity with every transaction you make using your Bitcoin wallet. But this is not as arduous as it sounds. It’s usually done via single-use PIN or by your phone scanning your finger or face.

Beware of Phishing

Another great safety tip when using Bitcoin online is to stay on your guard against any act of Phishing. Phishing is when a third party claims to be someone they’re not via email or text in an attempt to gain access to your personal information. As such, if you receive any form of communication from someone claiming to be from your Bitcoin wallet provider, you should never open any links they send nor share any personal login information. What’s more, any suspicious activity should be reported to said Bitcoin wallet provider.

Ready to Play?

So that’s it. You now know the story of Bitcoin, how it works and why it’s become such a popular payment method around the world. The only thing left to do is go through our list of top Bitcoin casinos, choose the one for you and start playing today!