We use certain criteria to test our "Best Bitcoin Casinos" and while most players are often of the opinion that the reviewer is in cahoots with the casinos and only out to solicit money from them by crafting biased Bitcoin Casino reviews, we would like to put your mind at ease.
We do put in a real effort to bring you a fair and unbiased review. Our list of BTC Casinos accept customers from across Asia, Australia, Europe and the United States. The most appealing benefit about depositing and playing with Bitcoin is that it erases geographical boundaries.
You might be thinking how do we go about it? When we test our crypto casinos we make small deposits in BTC; fortunately the majority of the sites only require an e-mail address. The next step in the evaluation process is to scrutinize the deposit bonus, test the games to see if they are fair, the Bitcoin Casino's track record, assurance regarding licensing regulations, how fast withdrawals are processed and last but not least; the all important customer care focus.
Best Bitcoin Casinos – Bitcoin Casino Site List
We Only Work With The Best Bitcoin Casino Sites
The Bitcoin casinos listed by Casinowhizz.com have extensive game libraries that include slot machines, towering jackpots, video poker, live dealer casinos, mobile casino, poker, sports betting books, bingo, table games (blackjack, baccarat, craps and roulette) and scratch cards. They run on software platforms powered by Betsoft, Rival, Saucify and RealTime Gaming, plus each cryptocurrency casino offers first time depositors a welcome bonus package while loyal depositors receive perks that range from comps to rebate on their losses.
Why Online Casinos Use Bitcoin
The first two and a half years Bitcoin went from being an unknown cryptography to a niche online currency. In February 2010, BitcoinMarket.com was the first company that traded in Bitcoins. The abbreviation for Bitcoin is BTC. A single bitcoin is 1BTC. If you want to transfer bitcoins from your wallet to an online casino, you’ll need the operator’s public key.
The reason why sports betting sites and internet casinos prefer the digital currency; it’s safe and there are no bank costs involved unlike credit or debit cards. Bitcoins don’t have any ties to banks or governments because it is decentralized. In the past the U.S government froze player funds because they gambled at unregulated offshore casinos.
Thanks to Bitcoin, players now have complete control over their funds and it’s anonymous or to a degree at least. Bitcoin online casinos won’t even ask your name or address, just an email address.
For a small fee you can send and receive Bitcoins over the Internet in U.S Dollars, Euros or British Pounds. This could be done through web wallets. Before you can transact in Bitcoins you need a Bitcoin wallet.
There are two types:
- Software wallets. You must download the software on to your computer first. They are more secure than web wallets and cuts out any third party. We recommend Armory, Bitcoin and Multibit.
- Web wallets. It’s web-based and the most convenient of the two. However, I must warn you that it’s not as secure as Bitcoin wallets. Popular web wallets are Blockchain.info, BitGo and Binance.
What Exactly Is Bitcoin?
It’s a peer-to-peer electronic cash method that can be used to purchase goods online and it’s a payment system that’s based on trust. It allows any two parties to transact with each other without the need for a trusted third party (banks). It’s a popular payment method because there’s no government intervention.
We’re not going to discuss the origins of Bitcoin since it’s outside the scope of this article. One of the most important features about Bitcoin is that it’s decentralized with no central authority. It wasn’t long before online casinos saw its potential and started using bitcoin as a deposit method for players to gamble at casinos and sports books.
You can now purchase bitcoins with your credit card at any trusted vendor who trades with it. As more and more governments begin to regulate it we’re pretty confident that it’s going to grow bigger and bigger. There’s a host of different cryptocurrency wallets out there, if you’re not sure which one to use please visit our bitcoin casino guide.
How To Gamble Online With A Digital Currency?
Tens of thousands of players are using cryptocurrencies like Bitcoin and Litecoin as deposit and cash out methods at provably fair bitcoin casinos. Online casinos added Bitcoin to their payment systems because of its low withdrawal fees, security and anonymity.
How Bitcoin Transformed The World of Gambling
”Bitcoin ensures that all transactions are secure, withdrawals are cleared within minutes and there are virtually no costs involved.”
Compared to traditional payment methods, digital currencies ensures that withdrawals are cleared within in a jiffy, by this we mean within a couple of hours tops. Before you can deposit and wager online you need a bitcoin wallet. Credit cards, wire and Paypal usually charge a transaction fee of up to 15% if you request a withdrawal, with Bitcoin or Litecoin you’ll only pay 10 to 30 cents. The best bit about Bitcoin is that it does away with a third party payment processor.
Because of the United States’ stance towards online gambling, Bitcoin practically erases geographical boundaries, basically it’s the best thing to American players since sliced bread. One of the greatest perks Bitcoin casinos have in stored for players is that each game is fair because they use a Secure Hash Algorithm, SHA256. It’s a cryptographic has function used with great success by Bitcoin miners. Essentially this ensures that each game is completely random offering players a decent chance at winning.
What Is Provably Fair Gambling?
This type of gaming is mainly centered on the cryptographic hash function, practically speaking it’s an algorithm that creates an encrypted hash value against clients seeds and against the server. Provably fair gaming is determined through the following criteria: Once the random seed has been generated it is encrypted by the server into a hash code.
- The server’s hash code will then be sent to the player.
- The player will then slot in the random client seed.
- The seeds are then combined by means of an encrypted function.
You have to agree with us that the above mentioned sounds like the real deal, not so? The question is how does one really know if the casino hasn’t tampered with the results? Thing is you don’t but this is where the provably fair protocols really shows its value. To ensure that everything is above board you can use a hash calculator, it will help you with the SHA256 of the unhashed server seed.
Once you made sure that the same seed is used, you can use the provably fair verifier – keep in mind it’s a laborious process. The system generates a ‘Roll Number’ this enables players to verify that the roll of a dice is authentic and that there’s no tampering involved. Before you deposit at any Bitcoin Casino do your diligence on it quick just to make sure it’s safe to play at.
With the largest selection of games and crypto options, this casino is a real powerhouse when offering slots, live and table game options to bicoin casino players. easy deposit with fast withdraw methods make this a top rated online bitcoin casino.
Customers looking for lucrative bonuses with decent play-through, superb Betsoft instant play games, instant cash outs via Bitcoin, credit/debit cards, a decadent rewards program and various others will soon call this place home.
BitStarz Casino has been around the block a few times, it’s a cryptocurrency friendly operator that accepts Litecoin, Dogecoin, Etherium, Bitcoin Cash and Bitcoin making it the perfect site for any digital casino player. Oh, and did we say that it’s promotional offers, customer service, list of casino games and perks is one of the best!
As a relatively new casino, Cherry Jackpot acquired a sizeable portion of the USA online casino market and for good reason. With a respectable RTG (RealTime Gaming) suite of games, perks that rewards loyal game play and it accepts Bitcoin. Bitcoin transactions are cleared within 10 minutes plus all its games are provably fair.
Licensed by the Kahnawake Gaming Commission in Canada, Ignition Casino is synonymous with ‘Fair Play’ and it accepts U.S players. It offers a wide range of games from different vendors, supports Bitcoin payments, weekly promotions and a multi-tiered rewards program for loyal players.
Playamo Casino is another multi-tiered trustworthy digital currency casino with more than 600 games in its tally. Its games are provably fair, its promotions are top-notch, its rewards program is one of the best no wonder it’s ‘The Best Way To Win’. Entertainment wise you’re in very good hands here.
Best Bitcoin Casino Sites
- MYB Casino – 200% Up to $600 or equivalent in BTC
- Bitstarz Casino – 5 BTC + 180 Free Spins
- Cherry Jackpot – 210% up to $21,000 in BTC
- Casino Max – 310% up to $9,100 in BTC
- Sloto Cash – 200% up $7,777 in BTC
- Playamo – 100% up to $300 in BTC + 200 Free Spins
- Bob Casino – 100% up to $500 or 0.5 BTC + Free Spins
- Xbet – 200% – up to $500 in BTC + 50 Free Spins
- Ignition Casino – 200% up to $3,000 for BTC Deposits
- My Bookie – 200% up to $600 in BTC
Bitcoin’s Meteoric Rise A High Roller’s Delight
Bitcoin really leveled the playing field for players situated in jurisdictions that frowns upon online gambling. Take the United States for example, it doesn’t prohibit gambling online per se but the Federal Government prohibits banks to process credit card payments from online casinos. Thanks to Bitcoin the digital currency circumvented gambling legislation by enabling players to play online. It’s safe, easy to use and it offers a fair amount of security-what more can high-staked players ask for?
It wasn’t always plain sailing for Bitcoin, in 2007 it experienced its fair share of upheavals, however, as it become more popular many investors across the globe including China saw it as a hedge in times of economic uncertainty.
The net result is its demand fair outweighs its supply since there’s only a certain amount of bitcoins in circulation. The past 18 months has seen Bitcoin enter the mainstream, the United Kingdom Gambling Commission allowed UK licensed online casinos such as NetBet to use it as a deposit and withdrawal method.
Slots high rollers like it because they’re not confined to the casino’s weekly or monthly withdrawal limit, they can withdraw more cash. Furthermore, the amount of cash a VIP player can withdraw in a single Bitcoin transaction depends largely on the player’s VIP status-the higher the status the more cash the player can withdraw. Slot players who use Bitcoin receive a fair amount of free spins, percentage cash back on their losses, faster cash outs with virtually no withdrawal fees.
In summary. Despite being criticized by many so-called economic experts Bitcoin is here to stay. The fact that it offers a large degree of anonymity and high transaction limits it has become the deposit option of choice for high rollers.
Loads of Bitcoin casinos now offer high rollers special bonus packages with reduced wagering requirements just for pitching. The best bit is that players can wager online in the privacy of their own homes without any fear of being prosecuted by their governments.
In the world of online gambling high rollers are now the main kingpins thanks to Bitcoin. Make no mistake PayPal and Neteller are right up there but in recent times with over regulated markets the crypto currency steals the show.
How To Pick The Right Bitcoin Casino?
Problem gamblers can contact Gamblers Anonymous which provides free counseling. Don’t gamble if you can’t afford it and never try and recoup your losses. If you had a bad session at the tables it’s best to cash out and to walk away.
As a result this allows anyone to see which transactions have been made by a person who used a wallet. With that being said, it doesn’t indicate the item purchased or to whom the address belongs to. Remember that the blockhain consists of numbers and strings of letters.
Unlike credit cards, using bitcoins as a payment method only requires a few clicks, copy your digital wallet address, paste it and you’re good to go. As more online casinos accept Bitcoin it will hopefully snowball as time marches on.
In summary. At this stage people are paying exorbitant fees to access their money. This is exactly the kind of problem that a peer-to-peer currency such as Bitcoin addresses. Transaction fees are vastly reduced by cutting out the middlemen like banks and check cashing stores. This is why Bitcoin is such a convenient deposit method to wager at online casinos.
Bitcoin is hailed as the Libertarian dream because the currency is independent from state control. No government can determine how many bitcoins are produced. The system regulates itself and considered the biggest power grab in modern financial history.
To be clear, the point of an independent digital money is not to avoid taxes. It’s about a currency that people can trust, that is convenient and one they can turn to in times of inflation. Bitcoin and many other cryptos are considered refuge currencies because of the current political and economical uncertainty that grips the global markets.