Bitcoin Casinos | Best Bitcoin Casino Sites For 2024

Crypto Coin Abbreviations

When playing at a Crypto Casino on many occasions you will come across the coin abbreviations, some are fairly obvious others not so much.

So we have put this list of the most popular cryptos together to help you understand which cryptos are which.

Cryptocurrency	Abbreviation
Bitcoin	BTC
Ethereum	ETH
Binance Coin	BNB
Cardano	ADA
Solana	SOL
Ripple	XRP
Polkadot	DOT
Dogecoin	DOGE
Avalanche	AVAX
Chainlink	LINK
Litecoin	LTC
Bitcoin Cash	BCH
Shiba	SHIB
Uniswap	UNI
Stellar	XLM
Tether	USDT
USD Coin	USDC
Terra	LUNA
Cosmos	ATOM
Dash	DASH
Tron	TRX

Top 3 Bitcoin & Crypto Casinos Reviewed

The list above is comprehensive with dozens of the best Bitcoin casinos. Which one do you pick?

Here’s a list based on our criteria which gives the safest and most trustworthy sites with no hassle payouts.

1. MYBookie

• Established: 2014
• License: Curacao eGaming License
• Number of Games: 300+

MYBookie is my top pick because it features an online casino, sportsbook, and live casino options. It’s one of those all-inclusive betting sites that settles Bitcoin payments and other cryptos within 24 hours.

There were times when I had to wait for a few days before receiving my money. Withdrawals are free, with deposit amounts ranging from $20 to unlimited.

The weekly payout limit for crypto withdrawals is $10,000, while VIP players can enjoy higher cash-out limits.

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2. Cafe Casino

• Established: 2016
• License: Curacao eGaming License
• Number of Games: 200+

Cafe Casino is another great site I like. I chose it because it offers a range of cryptocurrency withdrawals from $10 to unlimited within 24 hours.

Depending on the blockchain network, withdrawals can hit your account in minutes. I also like their generous 250% deposit match bonus which you can use to play slots.

They also have a loyalty program with different tiers and run daily promotions. The site is renowned for its Hot Drop Jackpots, ensuring a jackpot winner every day.

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3. Wild Casino

• Established: 2017
• License: Panama Gaming Commission
• Number of Games: 400+

Wild Casino’s Bitcoin withdrawals clear within minutes. The site lists high-paying slots and table games like roulette, and it has two live dealer casinos.

Cryptocurrency players benefit from exclusive free spins on selected slot machines. Moreover, players get generous bonuses but their WRs are quite high.

Taxation on Bitcoin Casino Winnings

It is important to be aware of the tax obligations of your online gambling winnings.

In the United States, all forms of online gambling winnings are taxable. UK residents, however, are exempt from these taxes.

For efficient tax management, meticulously record your winnings and losses.

This detailed tracking allows you to deduct your gambling losses from your taxable income, potentially lowering your tax liability.

Unsure about the tax filing process? Explore the comprehensive resources and guides available at usa.gov to navigate the US tax system with ease.

When it comes to cryptocurrency gains from Bitcoin casinos, the tax obligations remain.

The U.S. government classifies Bitcoin as an asset, subjecting your crypto earnings to a 30% tax rate. Stay informed and compliant to avoid any potential legal complications with your Bitcoin casino winnings.

Gamble Responsibly with Bitcoin

Only play real money casino games with the money you can afford to lose. No matter how good you are at playing blackjack or roulette each game has a built-in house edge.

The longer you play the better the odds of the casino taking your money. Withdraw your money when you hit it big and don’t become greedy.

Contact GamblingTherapy.org if you need help with your gambling addiction.

Don’t take out a loan to buy Bitcoin or sell your house to buy cryptos. Investing in cryptocurrencies can be risky. Remember, whatever crypto gains you have, Uncle Sam wants his cut.

Read the Bonus Terms

Before we put down any cash, we read those bonus terms front to back. Trust us, skipping this step could cost you some serious dough.

Here’s What We Look At:

We get the lowdown on wagering requirements (WR). If the WRs is 40x; we bet a certain amount before cashing in.

• We also check game restrictions when we’re playing with a bonus. For example, slots usually put us on the fast track, contributing 100% towards the WR. Table games and video poker contribute 10%.
• We make sure the games we pick help us meet those wagering requirements.
• We make sure that we clear those bonus terms within the time limit. Otherwise, we’re kissing that bonus and any winnings goodbye.

So, if you’re serious about making that Bitcoin work for you, take a page out of our playbook.

How To Make A Deposit with Bitcoin

Using Bitcoin to deposit at a online casino is a straightforward process that provides an extra layer of security and often faster transaction times.

First, you’ll need to set up a Bitcoin wallet if you haven’t already.

Choose from a variety of wallet options like hardware, software, or mobile wallets, and then purchase BTC through a cryptocurrency exchange using your bank account or credit card.

Now, heading over to your chosen casino, head over to the deposit section, and select Bitcoin as your desired payment method.

You’ll be presented with an address – ensure you copy this exactly. Head back to your wallet, select the option to send , and paste the address you copied earlier.

Input the amount you’d like to deposit, confirm the transaction, and your funds should appear in your casino account once the transaction is confirmed.

How To Withdraw

Once you’ve scored a win and are ready to cash out, go to the withdrawal section of the casino and select Bitcoin as your payout method.

You’ll then need to enter your wallet address – be sure to double-check it for accuracy to avoid any issues.

Specify the amount you’d like to withdraw, keeping in mind any potential minimum or maximum withdrawal limits set by the casino. Upon confirming the transaction, the casino will process your payout.

While many Crypto withdrawals are processed instantly, do note that the time frame can vary based on the casino’s policies. Once processed, the funds should appear in your wallet.

Exchange for Cash

Turning Bitcoin into cash is straightforward and can be done using various cryptocurrency exchange platforms, peer-to-peer (P2P) platforms, or Crypto ATMs. Here are brief steps and platform examples:

• Cryptocurrency Exchange Platforms: Sites like Coinbase and Binance allow you to sell Bitcoin and withdraw cash directly to your bank account. Create an account, verify your identity, sell the Bitcoin, and then withdraw the money to your bank.
• Peer-to-Peer Platforms: Websites like LocalBitcoins connect you with buyers interested in purchasing Bitcoin. You can receive cash via various methods including bank transfer, PayPal, or cash in person.
• Bitcoin ATMs: Allow you to sell Crypto and withdraw cash directly. You can use platforms like CoinATMRadar to locate an ATM near you.

Conclusion

When you play with Bitcoin know that it’s subject to price swings. The online casinos at CasinoWhizz are safe and pay Bitcoin wins within 1 hour up to 24 hours.