The Bitcoin casinos at 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 provably fair software platforms powered by Betsoft, Rival, Saucify and RealTime Gaming. Each cryptocurrency casino gives first time depositors a welcome bonus package while loyal depositors receive perks that range from comps to rebate on their losses..
Best Bitcoin Casinos – Bitcoin Online Casino Sites
Why Online Casinos Use Bitcoin
Bitcoin went from being an unknown cryptography to a niche online currency. In February 2010, BitcoinMarket was the first company to trade with Bitcoins. The abbreviation for Bitcoin is BTC and a single bitcoin is 1BTC. If you want to transfer bitcoins from your wallet to an online casino you need the operator’s public key.
Sports betting sites and internet casinos prefer the digital currency because there are no bank costs involved unlike credit or debit cards. Bitcoins do not have any ties to banks or governments (decentralized). In the past the United States government froze player funds because they gambled at unregulated offshore casinos.
With Bitcoin, casino patrons now have complete control over their money and it is 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 transfer and receive Bitcoins over the Internet in U.S Dollars, Euros or British Pounds through a web wallet.
There are two types:
You must download the software onto your computer first. They are more secure than web wallets and cuts out any third party. We recommend Armory, Bitcoin and Multibit.
It is web-based and the most convenient of the two. However, we must warn you that it is not as secure as Bitcoin wallets. Popular web wallets are Blockchain.info, BitGo and Binance.
What Is Bitcoin?
Bitcoin is a peer-to-peer electronic cash method used to purchase goods online. Two parties transact with each other without the need for a trusted third party (banks). One of the most important aspects about Bitcoin is that has no centralized authority.
You can purchase bitcoins with your credit card at any trusted vendor who trades with it. As more governments begin to regulate it is just going to grow bigger and bigger. There are many different cryptocurrency wallets, if you are not sure which one to use please visit our bitcoin casino guide.
Best Bitcoin Casinos Criteria
In our opening paragraph we touched upon the methodology we use to test our Best Bitcoin Casinos. Since the crypto space is ever-evolving casinos no longer just accept Bitcoin as a deposit and cash out method but XRP, Ethereum, Dogecoin and Litecoin.
1. Setting up an account. The first step is to register an account, check if the operator is licensed, has a broad range of games powered by different software houses and it must convert fiat currency (US Dollar, AUS$, Euros) into BTC.
2. Deposit funds. Making a deposit in BTC or any cryptocurrency is fast while the verification process only takes a few minutes (maybe longer).
3. Should I accept the deposit bonus? Only accept the bonus if its terms and conditions are fair. If the wagering requirements (WR) is more than 40x the deposit and sum of the bonus think twice before you accept it. On a more positive note, the bonus is increases your bankroll, play time at the casino and it improves your odds at winning.
4. Functionality. All our Bitcoin Casinos are mobile friendly, players on the go receive a torrent of special bonuses (free spins and reload). It is important that the games load fast and the casino’s operating system must be compatible with HTML3.
5. Diversity is key. The best Bitcoin Casinos have more than 500 games divided into different categories. Each operator offers provably fair casino games, some players are of the opinion that the casinos only use it as a smokescreen and that the games aren’t really random. This is why we test the games ourselves to determine if the payouts are fair and random. We’re happy to report that the games are above board with the odd exception here and there.
6. Withdrawal time. The quickest way to see how long an operator clears a withdrawal is to deposit and play the games yourself. We tested BitStarz Casino’s, our BTC withdrawal was cleared within a few minutes making it one of the best we’ve come across.
7. Reputation and player support. To find out if an operator has been blacklisted we key in the name of the casino plus ‘blacklisted’ in the Google search bar. Alternatively you can visit top gambling forums like Casinomeister and Affiliate Guard Dog. If the casino has a mediocre reputation or a stellar one, you will hear about it here.
Best Bitcoin Casinos 2019
Licensed by the Curacao Gambling Board, 24K Casino has a very large game library (more than 3,000) powered by the best software providers in the business. A sign on bonus of 300% up to Ƀ300 (slots bonus) is available to new clients. Once you provided verification documents (copy of your passport, ID card or driver’s license, bank statement and a utility bill) the money you have won will hit your Bitcoin account within a few hours.
- Massive selection of slots
- Live Casino
- Payments are processed within minutes to hours
- Provably fair games
- Fully licensed
- Players from America not accepted
Customers looking for lucrative bonuses on deposit with easy-to-clear bonus terms, quality Betsoft instant play games, fast withdrawals via Bitcoin, credit/debit cards and a decent rewards program will call this site Nirvana.
- Withdrawals are cleared within minutes
- Bonus terms are good
- VIP program
- Betsoft casino games
- Accepts players from America and Australia
- Provably fair games
- All currencies are converted into U.S dollars
BitStarz Casino withstood the test of time. It is a cryptocurrency friendly operator that accepts Litecoin, Dogecoin, Ethereum, Bitcoin Cash and Bitcoin which makes it the perfect site for any digital casino player. Oh, and did we say that its promotional offers, support, list of casino games and perks is one of the best!
- Accepts players from Australia
- Big variety of games and promotions
- Withdrawals are cleared within hours
- SSL encryption
- Solid retention
- Top-notch player support
- Players from the UK not accepted
- No phone support
Cherry Jackpot captures a sizeable portion of the USA bitcoin casino market and for good reason. It has a respectable RTG (RealTime Gaming) suite of games, perks that rewards loyal depositors and Bitcoin transactions are cleared within 10 minutes and the games are provably fair.
- Management knows the Bitcoin gambling industry
- Large assortment of instant play and download games
- Few player complaints
- Accepts Bitcoin
- Excellent sign on bonus package
- Focuses more on high rollers
Licensed by the Kahnawake Gaming Commission in Canada, Ignition Casino is synonymous with ‘Fair Play’ and welcomes players from the United States. It has a wide range of games from different vendors, supports Bitcoin payments, offers daily and weekly promotions further augmented by a multi-tiered rewards program.
- RTG and Rival casino games
- Accepts Bitcoin and other cryptos
- Progressive slot jackpots
- Cash outs are handled quickly
- Many countries excluded from the list
Playamo Casino is another multi-tiered trustworthy digital currency casino with more than 600 games. Its games are provably fair, promotions are top-notch and its rewards program is one of the best, entertainment wise you are in good hands here.
- Support available 24/7
- Games are above board
- Live casino
- Progressive jackpot wins paid in full
- Accepts Bitcoin and other cryptos
- No phone support
Other Bitcoin Casinos and Deposit Bonuses
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
My Bookie – 200% up to $600 in BTC
How To Gamble Online With A Digital Currency?
Thousands of customers use cryptocurrencies like Bitcoin, Litecoin, Ethereum, XRP or Bitcoin Cash as deposit methods at provably fair bitcoin casinos.
Bitcoin Casinos How Do I cash Out My Winnings?
Access you Bitcoin casino account by visiting the casino’s payments page, withdraw the money you won. The next step is to provide your Bitcoin wallet address, once you provided it you can withdraw your money from the casino to your bitcoin wallet. Usually it takes a few seconds, if the bitcoin network is congested it can take a few minutes up to an hour or two.
How Bitcoin’s Disruptive Technology Changed The World of Online Casinos
”Bitcoin ensures that all transactions are secure, withdrawals are cleared within minutes and virtually no costs are involved.”
Compared to traditional payment methods, digital currencies ensures that withdrawals are cleared in a jiffy, by this we mean within hours, tops. Before you can deposit and wager online you need a bitcoin wallet.
Credit cards, wire transfer and Paypal charge a transaction fee of up to 15% for a withdrawal. With Bitcoin or Litecoin the fee is a mere 10 to 30 cents. Transferring bitcoins to an online casino is instant but there are instances where it can take 10 to 15 minutes. Generally speaking all transactions are completed within 24 hours.
Because of the United States’ stance towards online gambling, Bitcoin 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 is a cryptographic has function used with great success by Bitcoin miners.
What Is Provably Fair Gambling?
This type of gaming is centered on the cryptographic hash function, it is an algorithm that creates an encrypted hash value against client seeds and against the server. Provably fair gaming is determined like this:
- Once the random seed is generated it is encrypted by the server into a hash code.
- The server’s hash code is sent to the player.
- The player must add 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 know if the casino has not tampered with the results? Thing is you don’t but this is where the provably fair protocols really shines. 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 is a laborious process. The system generates a ‘Roll Number’ that enables players to verify if the roll of a dice is authentic. Before you deposit at any Bitcoin Casino do your diligence on it.
High Rollers Love Bitcoin Casinos
Bitcoin 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 because only a certain amount of bitcoins are in circulation. Bitcoin enter the mainstream, the United Kingdom Gambling Commission allows UK licensed online casinos to use it as a deposit and withdrawal method.
Slots high rollers like it because they are not confined to the casino’s weekly or monthly withdrawal limit, they can withdraw more cash. The 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 can be withdrawn. Slot players who use Bitcoin receive a lots of free spins, percentage cash back on their losses, faster cash outs with virtually no withdrawal fees.
Negative Side of Bitcoin
Players must declare their winnings and if need be pay tax on it. Another problem associated with Bitcoin is that most governments still do not see it as a currency. Bitcoin transactions cannot be reversed once done, therefore it is important to only play at reputable operators and the price of Bitcoin fluctuates a lot.
In summary. Even though Bitcoin is criticized by many so-called economic experts it is here to stay. The fact that it offers a large degree of anonymity and high transaction limits, it is now the deposit option of choice for high rollers.
Bitcoin casinos give players special bonus packages with reduced wagering requirements just for pitching. Bitcoin enables patrons from America to wager online without any fear of being prosecuted. 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.