Higest Rated Bitcoin Casinos
Bitcoin Online Casinos - How To Get Started
On this page we’ve listed the best bitcoin casinos, they accept players from across the globe, the United States and they accept cryptocurrency payment methods.
As a deposit and cash out option, Bitcoin is advantageous to USA players as it allows deposits with almost no limits and withdrawals are almost cleared immediately. However it also depends at which casino you’re playing at. Another feature we like about Bitcoin is you can link your credit card to your Bitcoin account and withdraw the cash from an ATM no matter where you are.
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. 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 online casinos and sportsbooks.
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.
When you play at our top listed Bitcoin casinos not only do they accept Bitcoin but they list an extensive variety of games that include poker, roulette, blackjack, bingo, dice games, slots, live casinos and multi-million dollar progressive jackpots. If you are interested in Sports betting with bitcoin check out our sister-site.
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.Bitcoins.
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’s 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. Bitcoin online casinos won’t even ask your name or address, just an email address is all that’s needed.
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. I 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 Coinbase.
How To Buy Bitcoins?
You can buy bitcoins from friends or you can purchase them using your own online currency. You can store your bitcoins by using a hot wallet or cold storage.
- Hot Wallet: Public and private keys are stored on a device that’s connected to the Internet or an online service like a Bitcoin-trading exchange. It’s the most convenient way to store your bitcoins but it’s not the safest. Your cash might be at risk since your private key is stored on your computer. If a hacker hacks your computer your bitcoins are as good as gone.
- Cold Storage: This is the opposite of the hot wallet. As the name implies, your public and private keys are stored offline. You can save them on a USB stick or in a safe. The downside to this method, if your hardware malfunctions you can lose everything.
- Players from the United States can use Coinbase or Circle to buy bitcoins with credit cards.
- UK players can purchase bitcoins from Bittylicious on 3D Secure-enabled Visa and MasterCard networks.
Aside from the aforementioned keep in mind that desktop wallets only apply to PC desktops. Mobile wallets are meant for smartphones and lightweight apps. While Web wallets can be accessed through your browser be it from your tablet or PC.
- Multibit: Non-technical people like this wallet since it has a reputation for being hassle-free and fast. It operates in several languages and works on all operating systems.
- Armory: For Windows and Linux users, Armory offers additional security features.
- Xapo: It incorporates multi layers of advanced cryptographic security that protects all bitcoins. The process entails private key segmentation. Your bitcoins and private information is stored using a cold storage facility. Long story short, it’s stored in the Swiss Alps in an impenetrable safe. Players outside the U.S can get a debit card which trades bitcoins in real time when used.
- Bitcoin.org: Alternatively you can also head off to this site. Currently it features a Bitcoin wallet which runs on Android devices.
You can buy from the exchange companies that send you bitcoins for the money you pay them. The exchanges are for example: Kraken.com, BTC-E.com or Localbitcoins.com. You can also purchase bitcoins from people who have bitcoin and want to sell. You can buy bitcoins against any mode of payment supported by the seller of bitcoins. In many countries you can purchase bitcoins from exchange against, hard cash, debit card, credit card or any other supported form of payment.
The price of Bitcoin is volatile and you should check the development over the last 3 months at least to determine a good opportunity to buy.
What Is Provably Fair Gaming?
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.
Can Bitcoin Casinos Cheat Their Players?
Thanks to the cryptographics hash function it’s virtually impossible for a bitcoin casino to cheat its players, however, there are exceptions to the rule luckily they’re far and few in between. This is why it’s important to do your due diligence on a site first before you deposit.
Ask yourself the following questions: Is the casino licensed? Does it have any formal complaints against it? Does it use legitimate software? The list goes on and on but these are just some of the basic questions address before you play.
How Long Does It Take To Clear A Bitcoin Withdrawal?
If you requested a cash out using Bitcoin it’s handled within a jiffy but it depends on the size of your withdrawal. Smaller amounts are cleared within a couple of minutes while larger amounts can take up to 10 hours. Before a transaction is cleared it goes into a pending status, overall bitcoin withdrawals are easy and fast.
Do Bitcoin Casinos Offer Bonuses?
Yes they do. First time depositors qualify for a deposit or match bonus once they’ve registered an account with the casino, the bonus is entirely optional. Before a cash out is permitted there are bonus terms (play-through) attached to each bonus that must be cleared first.
Must I Have A Credit Card To Gamble?
The good news is that you don’t need a credit card or bank account, if you have a Bitcoin wallet it’s more than enough. You can send and receive bitcoins at a cost of a small transaction fee. Credit card transactions normally incur costly fees while a Bitcoin transaction costs 0.0001 or less than 10 cents. At the end of the day it’s really hard to top this.
You don’t need a credit card or bank account to gamble at a bitcoin casino. You can gamble through bitcoin transactions, which are not only easy to send/receive but free of charge. Normally credit card and bank account payments are subjected to processing fees but bitcoin transactions are practically free.
Are Bitcoin Casinos Licensed?
Not all Bitcoin casinos carry a legitimate license this is why it’s important to check the site’s licensing information which is normally situated at the footer. Luckily the majority of the casinos that accept bitcoin are licensed in top jurisdictions such as the UK (UKGC), Alderney or Curacao. You can find out more about a site by joining top online gambling forums such as GPWA or Affiliate Guard Dog.
Is It Safe To Play At A Bitcoin Casino?
Once again this depends at which site you’re playing at since there are reputable sites and there are what we call malicious (rogue) sites. Most bitcoin operators run on provably fair software and they use highly encrypted SSL (Secure Socket Layer) software that ensures that client information remains under lock and key at all times. If you’re not sure about the site’s security, contact its customer support or you can start a thread at a well-known gambling forum (GPWA.com).
Do Bitcoins Casinos Accept Players From America?
There are many USA-facing Bitcoin Casinos that allows players to deposit and play in the digital currency. We’ve listed only the best USA sites where players can play unencumbered. Although they’re not licensed by a U.S state they are licensed in reputable jurisdictions where licensed operators pay their taxes. If you’re from the U.S you must be 21 years or older to play at them.
What Is The Smallest Deposit Amount?
When it comes to gambling online with bitcoins there is no minimum fee, the smallest unit used by Bitcoin casinos are Milli-bitcoin (mBTC). If you deposit 1 bitcoin it’s converted to 1,000 mBTC. Any amount can be deposited but some operators do impose limits on deposits.
Is There A Difference Between BTC, mBTC And uBTC?
BTC is the abbreviation for Bitcoin. A milli Bitcoin is the thousandth part of a BTC while mBTC is the millionth part of BTC or micro Bitcoin (uBTC). The latter unit is popular at bitcoin casinos. Other common units of Bitcoin are dBTC which is a tenth part of BTC. cBTC on the other hand is hundredth of a Bitcoin.
Is Responsible Gambling Important?
Only play at sites that has a Responsible Gambling policy on one of its web pages. On this page it tells players how to self-exclude, and how to use its deposit and session limits.
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.
Are Bitcoin Wagers Governed By A Blockchain?
No they are not, all the bets that have been made are recorded on the servers of the Bitcoin casinos. Bitcoin as a currency is always on the BlockChain until the funds have been transferred to a casino. When you withdraw your winnings from the casino it’s goes back onto the BlockChain again.
Is It Legal To Gamble With Bitcoins?
Absolutely, it’s a decentralized currency that’s not regulated by any government and solely based on supply and demand. There are a few countries like the UK, Japan and South Korea that regulated it. The first UK online casino that accepted Bitcoin as a deposit method is NetBet Casino. Hopefully more countries will start regulating Bitcoin within the foreseeable future.
Will Bitcoin Replace Credit Cards In Future?
Credit card fraud is a huge problem online casinos have to deal with on a daily basis. There are so many players out there using stolen credit cards and it’s a laborious process to screen each transaction. With Bitcoin, online casinos don’t have this risk.
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.
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 regarded 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 avoiding taxes. It’s about a currency that people can trust, that’s convenient and one they can turn to in times of inflation. One can say it’s a refuge currency.
The best rated bitcoin casinos listed on this page are for all to play, most of these sites will accept players from across the globe and they all take cryptocurrency payment methods, for USA players this is advantageous as it allows deposits with almost no limits and withdrawals in unlimited amounts “Dependent on Casino” the great thing about this method is that you are in control of your own funds and it-s never been easier to convert into regular local currency using many of the online trading or exchange sites, you can even get a debit or credit card and draw your coin straight from the ATM in cash. – Casinowhizz