In this article we’ll discuss one of the most revolutionary payment systems to emerge in recent years – Bitcoin. It’s an option that’s become increasingly attractive to gamers worldwide due to its low transaction fees and speed of funds transfer.
We’ll examine Bitcoin in the context of its use at online casinos, covering everything you need to know to safely add it to your list of payment options.
Table of Contents
6) Casino Games
Bitcoin is an online payment system and digital currency, often referred to as cryptocurrency. The US Treasury describes it as a virtual currency. It works through a software “wallet” which is stored on the owner’s computer and enables them to pay for goods and services worldwide. The software is entirely open source, not owned by a single entity, and is available for all to use.
Bitcoins can be exchanged for your normal currency – and vice-versa at Bitcoin exchanges. It’s even possible to earn Bitcoins through a process called mining which involves using your own computer to crunch through calculations in order to generate new Bitcoins. This option has become too computationally expensive to make it worthwhile for most people these days so the simpler option is going to an exchange and buying them with your own money.
People can use Bitcoin to make payments to others – both individuals and businesses – from their wallets. One of the attractions of this is the low transaction fees compared to credit cards or payment systems like PayPal. Bitcoins can be spent directly from a computer, tablet or smartphone, and the system uses the highest levels of security to ensure safety for users.
Companies particularly appreciate the low fees which in some cases can actually be zero. Bitcoin is also a great fit for casino sites if you just want to deposit a small amount to take advantage of bonus offers when trying out a new service. The other benefit to Bitcoin is its relative anonymity. While this may not be a concern for many, being able to pay into a casino account without it connecting back to your banks account or credit/debit cards in any way can be a positive for some people.
Furthermore, it's important to mention that bitcoin has been continuously growing over the course of the years, investors and players alike have been turning to it thanks to its presence and appeal, of course, information is power, being continuously engaged in the changes this cryptocurrency undergoes should always be a priority for bitcoin players. We are pleased to bring to you recent data regarding its historical value, take a look at how bitcoin is performing through time.
Bitcoin Updates May 2021
International Game Technology (IGT) patented a system allowing players to transfer Bitcoin and other cryptocurrencies from their online wallets to their accounts at any gambling establishments.
Bitcoin.com is adding live, video streamed casino games from Evolution gaming, these will include Baccarat, Blackjack, Roulette, and others.
Revolut UK has added a new feature that allows its digital service users to withdraw Bitcoin to any external wallet, before this update, users were only able to trade and store their cryptocurrencies.
Square Inc. and PayPal have officially adopted Bitcoin, gamblers can now use these services to pay with it at online casinos.
The famous Bitcoin casino Cloudbet revealed an “Arcade tab” filled with Bitcoin games, containing classics such as “Dice” and “Plinko”.
Bitcoin.com is adding live, video streamed casino games from Evolution gaming, these will include Baccarat, Blackjack, Roulette, and others.
B2B gambling technology provider, FansUnite, has implemented a new feature to allow cryptocurrency payments. Now, all casinos and sportsbooks powered by FansUnite will allow payments in Bitcoin, Ethereum, Dogecoin and other famous cryptocurrencies.
Wyoming approved a law legalizing online sports betting, players can now bet on their favorite sports with Bitcoin and other cryptocurrencies.
Having seen the benefits of Bitcoin, it’s no surprise that many people decide to look for casinos that accept the payment method. Let’s consider the casinos themselves now. What should you be looking for when choosing your next casino?
- Security: This should be an important factor however you fund your casino account. While Bitcoin offers very secure payments in itself, ensuring the casino keeps your details safe from other risks such as identity theft is something you need to be certain of. Legitimate sites will display and relevant gaming licenses or other regulations clearly on their site. The sites themselves should be fully secured to ensure your details are always safe.
- Software: By “software” here we mean the technology used to deliver an online casino experience to your machine or mobile device and how it performs in use. The solution used will affect the range of games available to you and how enjoyable they are to play. All casinos should include the staples such as roulette, blackjack and so on but extra games and options will often by dictated by which underlying platform the casino is using – this is particularly the case with slots. There are various software suppliers – you can find reviews of casino softwarehere on the site – but the important thing is to find a game you enjoy playing. That’s the whole point after all! That is, after all, the point of signing up!
- Bonuses and Offers: All other things being equal, you would look for the casino that offers you the best sign-up offers. We steer clear of recommending going after the best bonuses above all else however. Safety and being able to play the games you want to play should always be your first priorities. Getting bonuses is just a nice way to get off to a good start with a particular casino. Also, remember that bonuses come with restrictions and stipulations and are not really “free money”. That said, it’s always nice to have a bit more cash to play with. You can find much more information about casino bonuses right here on the site.
- Good Reviews: You’re obviously looking for a casino site that provides a good user experience but how can you go about finding these? The only sure way is to check available reviews for casino sites and make sure the ones you have narrowed it down to have overall positive feedback. Don’t be fooled by 100% satisfaction ratings, they can often be a sign of review manipulation. You’re looking for an overall positive consensus so don’t get distracted by individual negative reviews.
- Account funding options: You’re probably looking at Bitcoin as your primary payment method but it’s always worth checking the other deposit and withdrawal methods available to you. Look out for particular restrictions so you’re sure you can access your money when and how you want. Also be on the lookout for excessive fees for withdrawals, delays and other factors that could be dealbreakers over time.
As we can see there are several factors to consider when choosing an online casino. You can find more info on this subject in this handy guide to online gambling.
Let’s have a quick look now at some good reasons for selecting online casinos that accept Bitcoin:
Once you’ve weighed up all the pros and cons, choosing your online casino provider should be substantially simpler. No matter what solution you go for, ensuring the payment and withdrawal process is transparent is vital, as is checking that the games on offer are the ones you actually wish to play.
Assessing bonuses is also important, not just the size of the bonus itself but the restrictions that come with it. Play-through levels – the value of games you have to play before you can withdraw anything, usually a multiple of the bonus amount itself – and which games you can use bonuses on, are also important to check.
For Bitcoin in particular there are some additional considerations to bear in mind. As we mentioned before, there is the issue of Bitcoin payments being irreversible for starters. To mitigate against this, several of the more reputable Bitcoin casinos publish their own operational guides – known as provably fair gambling – to instill trust with potential customers. You should look out for this with Bitcoin casinos and also look for an outfit with a good track record and reputation for paying its customers. Reviews, in this case, are even more important than with standard online casinos.
Bitcoin’s growing popularity leaves no doubt that this valuable cryptocurrency has become a great asset for investors around the world, but some questions may still remain when we think of it as a payment option for your online casino activities. In this section, we will review a variety of ratings, covering some of the most important characteristics any player should analyze before choosing Bitcoin as a funding method.
As convenient, anonymous, and fast as Bitcoin payments are, there are many other great deposit and withdrawal options out there too. You may be surprised to learn that many “Bitcoin casinos” support several other payment methods. Aside from cryptocurrency, there are four main payment options. Credit/debit cards, eWallets, bank/wire transfers, and vouchers. Each method has its own pros and cons. Some cost more than others, limits and processing times differ, and some do not facilitate withdrawals. Of course, very few of these options rival Bitcoin when it comes to cost-effectiveness, processing speed, and anonymity. Let’s take a brief look at a few popular Bitcoin payment alternatives.
PayPal is one of the oldest and most widely used eWallets in the world. As of 2019, an estimated 286 million people had an active account. PayPal voluntarily stopped processing transactions with gambling sites in 2003. The company resumed processing online gambling transactions in 2010, but only in countries where online gambling is legal. Also, PayPal only provides its services to properly licensed sites.
It’s very easy to open a PayPal account and use it to make instant deposits and fast withdrawals. While PayPal transactions might cost a little more than Bitcoin transactions, the fees remain among the lowest, and the service is one of the most reliable. Perhaps the biggest drawback is that PayPal isn’t an option at many online gambling sites. However, the list of supporting sites is rapidly growing and will continue to increase moving forward. While it isn’t always the case, PayPal deposits usually qualify for bonuses.
Like PayPal, Skrill is a popular eWallet that is supported at many of the world’s leading online casinos and bookmakers. The company was known as Moneybookers when it was founded in 2001. In addition to using Skrill for moving money in and out of online betting accounts, a lot of people use it to send money to friends and family all over the world. Users can even use their balances to purchase a wide range of cryptocurrencies like Bitcoin.
It takes about a minute to register for a new Skrill account. Once the account is open, you may choose from over 40 currencies, and you can add more later on. The great thing about Skrill is that so many excellent online gambling sites accept it. Deposits are instantly credited to your betting account and they normally qualify for bonuses. Some sites process Skrill withdrawals within minutes giving you quick access to your funds.
Since Ethereum was initially released in 2015, the popularity of this blockchain-based currency has exploded. Ethereum is a lot like Bitcoin, but there are some subtle differences. For instance, Ethereum transaction times are significantly faster than those of Bitcoin. Perhaps the biggest difference is their respective monetary values. Entering 2020, Bitcoin sits at around $8,000 while Ethereum is worth about $140. Despite the massive gap in value, Ethereum’s total market capitalization is second only to Bitcoin’s.
There’s a good chance that an online gambling site will accept Ethereum if it supports Bitcoin. That means Ethereum owners can make instant deposits, cash in on some awesome deposit bonuses, and, in many cases, have access to their withdrawals in the blink of an eye. Ethereum is just as easy to get as Bitcoin and most other cryptos. Find a wallet, purchase your Ethereum, and enjoy the convenience, speed, anonymity, and low to non-existent fees.
Not everyone has a credit card. However, almost anyone with a bank account has a debit card. People use them to pay for countless goods and services including online gambling. Debit cards work almost identically to credit cards. The major difference is that credit cards allow you to spend money that you might not actually have. Meanwhile, you can only use your debit card if you have enough money in your bank account to cover the cost of your purchase or online casino deposit.
Debit cards, and credit cards for that matter, are among the most secure and reliable payment methods around. Furthermore, the vast majority of online gambling sites accept debit card deposits. Even though debit cards are one of the most convenient and safe means of making instant deposits, there are a few downsides. The most glaring con is that debit cards are often incapable of processing withdrawals. This is also a common issue for credit card users. This means debit card users may need to find an alternative withdrawal method such as an eWallet. Of course, debit card holders can easily use their cards to purchase cryptocurrency.
One of the biggest attractions for playing in online casinos is the variety of games on offer. There are often so many that, for a beginner, it can become somewhat overwhelming quite quickly. Some casinos have more than a hundred different kinds of slot machines alone.
For beginners, blackjack is often the best game to get started on as it offers good odds for winning and is a straightforward game to play. Your goal is simple – beat the dealer’s total without going over 21.
It helps to get used to the casino interface without worrying too much about the intricacies of the game you are playing. By doing this you’ll boost your odds of winning and coming out on top!
Blackjack aside, the most commonly known and popular casino game out there is roulette. This one is fun to play and in some instances even provides a real-time video of a real wheel being spun, all adding the the experience. It is another game that is relatively easy to play, as we can see in the video on the left.
Once you get past the two major games, slot machines are the most widespread option on offer remaining. You’ll find them everywhere online and they offer easy to play gaming for players of all experience levels. Some have large jackpots and there is plenty of potential to win big online though it is worth noting that the odds for winning here are lower than those of blackjack or roulette.
What games you decide to play will ultimately be a matter of personal preference of course. Starting out with games that are not only straightforward to understand but present the best chances of winning is certainly the way to go as a beginner. You’ll build your confidence and gain the skills to progress to other games and garner the most enjoyment possible from your casino experience.
There are loads of reputable Bitcoin online betting sites out there. Because so many people are discovering the benefits of using Bitcoin, more and more online casinos and bookmakers are adding it to their lists of supported payment methods. Additionally, many of these betting sites encourage Bitcoin deposits and withdrawals because they are cheaper and easier to process. Bitcoin-friendly sites have a reputation for offering exclusive Bitcoin bonuses. Quite often, these bonuses exceed the ones available to players who use other deposit methods. Bitcoin owners who love the thrill of online gambling should take a look at these respected betting sites.
Licensed by the Government of Curacao, Bitcasino has been a prime destination for online Bitcoin gamblers since it launched in 2014. Today, the site features over 1,100 games from leading software developers such as Yggdrasil, Play’N Go, Betsoft, Microgaming, and Blueprint. Fans of live dealer games will be in their glory as Bitcasino’s live casino features nearly 100 games. There are so many live games because Bitcasino has partnered with Evolution Gaming, Ezugi, and eBet. This Bitcoin casino is certain to have your favorite game and then some. They even have a wonderful sportsbook that offers competitive odds on a huge selection of betting markets.
It takes less than 30 seconds to register a new account, and then a few more seconds to make a Bitcoin deposit. One nice thing about Bitcasino is that you are automatically enrolled in their VIP program. Every time you make a bet, you earn rewards points that move you closer to the next level. As they climb through the tiers, members receive special perks and other Milestone Rewards like cash bonuses and free spins. You can also get cash rebates.
Bitcasino gives players a number of ways to cash in on a deposit bonus. One of the best ways of earning bonus cash is by using bonus codes which can be easily found. Wagering requirements are based on the amount of the bonus. For example, a 25% to 99% match bonus needs to be wagered 30 times before you can cash out. A 100% match bonus needs to be rolled over 35 times while you must play through a 200% bonus 45 times. You might even luck out with a no-deposit bonus! Bitcasino also has plenty of ongoing promotions through which you could win cash, free spins, and VIP trips to exotic locations and special world-class events.
There are so many fantastic things about BitStarz that it’s difficult to know where to start. But, let’s start with the fact that the site boasts a massive gaming library of over 2,200 titles. NetEnt, Betsoft, Amatic, Bgaming, and Belatra Games are among the industry-leading software providers featured here. You’ll find an awesome selection of video slots and jackpot games. There’s definitely no shortage of table games. From casino staples like Roulette, Blackjack, and Baccarat to your favorite casino card games like Texas Hold ‘em, Caribbean Stud, and Trey Poker, BitStarz has them all. They even have a long list of specialty games including Sic Bo, Rocket Dice, Plinko, and scratchcards. Live dealer enthusiasts have dozens of games to choose from.
Players are guaranteed to get the very best customer service. Every support agent has at least three years of experience and knows the business from top to bottom. You can get in touch with a live agent 24 hours a day. Of course, players are always eager to get their hands on their winnings as soon as possible. The average cashout time at BitStarz is an eye-popping 10 minutes. You’ll be hard-pressed to find such lightning-fast payouts anywhere else. These are just some of the reasons BitStartz has earned so many rewards and endorsements.
Naturally, those who are looking for a great Bitcoin casino want to get the best bonus. BitStarz shows their generosity right off the bat. They’ll give you 20 free spins just for signing up. That’s right. You don’t even need to make a deposit. When you decide to make your first Bitcoin deposit, BitStarz will 100% match it up to 1 BTC. To top it off, they’ll throw in up to 180 free spins. Get more bonus cash when you make your second, third, and fourth deposits. BitStarz keeps on giving well beyond that with their regular promotions and Bitcoin re-load bonuses.
It’s always a good sign when you go to an online casino and see games from such casino software luminaries as Yggdrasil, BetSoft, Endorphina, Microgaming, and Play’N Go. It means the site is going to have a boatload of provably fair games. Sportsbet.io has everything you could possibly want in an online casino. The site features over 1,100 slots along with nearly 100 live dealer games from Evolution, Ezugi, and eBet. You can choose from nearly 150 table games including casino card games, dice games, and casino staples like Blackjack, Roulette, and Baccarat. They even have poker, virtual sports, and fantasy sports. With so many software providers on board, Sportsbet.io is always adding to its already enormous collection of games. Neon City, Butterfly Lovers, and Legacy of Dead are just a few of the latest additions. Blueprint’s six-reeled Eye of Horus Megaways video slot gives you 15,625 ways to win.
Aside from supporting Bitcoin for deposits and withdrawals, Sportsbet.io accepts several other payment methods like Skrill, Neteller, PaySafeCard, and major credit cards. You can bet using fiat currency or Bitcoin, and the site supports 10 languages. Sportsbet.io takes pride in quickly processing all withdrawals, and their professional customer care team is standing by around the clock.
Of course, with a name like Sportsbet.io, it should be no surprise that they also have an extensive sportsbook. Sports bettors will be very pleased with the number of promotions they can get in on. The EPL Fantasy Free Bet, Multi Master, Awesome Foursome, and Super Streak Challenge give punters multiple chances to win big cash prizes. Take advantage of Sportsbet.io’s Price Boost every day to make those wins even bigger.
There aren’t too many online casinos that have as much to offer as CloudBet does. Their massive library of games features some of the most recognizable and trusted names in casino software development. Elk Studios, Microgaming, Betsoft, Play’NGo, AGT, and many others combine to bring you over a thousand games. Established in 2013 and licensed by the Government of Curacao, every single game at CloudBet is audited for fairness.
At CloudBet, you can choose from hundreds of popular slots like Valkyrie, Book of Spells, and The Slotfather. Blueprint Gaming’s Vikings Unleashed Megaways gives players 117,649 ways to win while Voodoo Gold has 262,144 ways to win. Take down a big jackpot with Tycoons, Ave Caesar, The Glam Life, or any of the other progressive jackpot slots. In addition to Roulette, Blackjack, and Baccarat, CloudBet features several other table games including Ride’m Poker, Draw Hi Low, and Caribbean Poker. Pull up a virtual chair to one of the live dealer games from Evolution Gaming, Ezugi, and Vivo Gaming. There are betting limits to suit all tastes.
CloudBet is a true Bitcoin casino in that it only accept Bitcoin and Bitcoin Cash. If you don’t yet have either of these, you should think about taking the plunge because CloudBet has one of the biggest Bitcoin welcome bonuses around. They will 100% match your first Bitcoin deposit up to a whopping 5 BTC. This offer should be of particular interest to high rollers. The bonus Bitcoin is released as you earn loyalty points. You have 365 days to get as much bonus Bitcoin as you can. CloudBet also runs several promotions that give players many chances to win more Bitcoin. Make a deposit on any Monday or Thursday and CloudBet will 50% match it up to 25 mBTC. Not only does CloudBet have a wonderful and diverse selection of provably fair games, they also have some of the most generous bonuses.
|Author: Tim Bolding
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