Cryptocurrencies such as Bitcoin have seen a massive increase in popularity in recent years, leading to a wave of new online casinos. Bitcoin payments are becoming more popular than before, so it was unavoidable that online gaming companies would ride the wave of this trend. Recently, the better part of online casinos offers players a wide range of transaction alternatives for deposits and/or withdrawals. These include major credit card companies such as Visa and MasterCard, and e-wallets like Skrill, Neteller and PayPal, with some casinos offering bank transfer too. Nowadays, many operators have caught on that being Bitcoin-adapted can work to their advantage. The best Bitcoin casinos do business in the same way as ordinary online casinos. The difference is that they accept Bitcoin as a transaction method with or instead of traditional currencies.
With the online gambling industry steadily increasing profit over the last ten years, we have seen a surge of new Bitcoin casinos. Some of these are owned by well known providers with great experience in the field.
Some of those casino operators are BitStarz, Playamo and Betchan. Others are new Bitcoin casino brands by casino entrepreneurs hoping to offer more unique and technologically advanced online gaming experience. When it comes to choosing a reliable new Bitcoin casino, there are many things you need to consider. Transaction options are of course just one of them, but it’s also worth looking at features such as bonuses and campaigns. There is also mobile adaptation, licensing and other features.
Top 5 Casinos That Accept Bitcoin
#
Bitcoin Casino
Welcome Bonus
1
Cloudbet
5 BTC / €1,000
2
Wazamba
€500
3
1xBit
7 BTC
4
Bitstarz
5 BTC / €500
5
Hyper
€300
Bitcoin As a Digital Currency
We are all familiar with Bitcoin, as it is the most popular digital currency in the world. Yet, we must mention the existence of other various cryptocurrencies such as Litecoin, Dogecoin and Ethereum. Every Bitcoin casino is different from the others. However, even though some might accept payment through less known cryptocurrencies, others perhaps are limited to Bitcoin.
Accepted cryptocurrencies will differ from one casino to the other. Usually, Bitcoin casinos that focus on digital currencies are more likely to offer a bigger selection of crypto transaction options.
Bitcoin casinos can have several advantages for the gamers, which adds to the rising interest in this type of casinos. The privacy aspect is highly valued and gives a much better level of security for both casino owners and players. When you are going to choose a Bitcoin casino, there are a few things you should consider.
Bitcoin Deposits, Withdrawals and Fees
Deposits and withdrawals in Bitcoin are processed immediately. This means you will not have to wait for long to access your money. That might not be the case with regular transaction options such as banks or credit card companies.
You will also be able to exclude chargeback problems as well as transaction fees. This is due to the nature of Bitcoin and how it is stored. With regard to the law in countries that prohibit online gambling, many players choose Bitcoin as an alternative when depositing money. Simply for the fact that transaction are not handled by a third party and thus cannot be tracked.
Making a Deposit with Bitcoin
Depositing using Bitcoin is a lot easier than depositing money with traditional casino payment options like credit cards or e-wallets. After signing up for an account with a Bitcoin online casino of your choice, simply select the cryptocurrency as a payment method.
Log into your wallet and select the deposit amount you wish to make. The money will appear in your online account immediately. This makes it very simple for you to get stuck into your favourite real money casino gaming experience.
Withdrawing with Bitcoin
Aside from being anonymous and taking away the need for a third party transactor, one of the best benefits of Bitcoin is that it makes withdrawals instant. This is a great and safe feature when compared to traditional transaction methods.
Those usually take somewhere from a few hours to even days for the money to show up in your account. To withdraw your money using Bitcoin, just click on the Withdrawals tab, select the cryptocurrency and amount of money to withdraw.
Transaction Fees
Usually, there are no fees that must be paid when making deposits and withdrawals at online casinos that are Bitcoin-friendly. This is due to the removal of third parties that are usually present when using traditional transaction methods such as credit cards, bank transfers or even e-wallets like Neteller and PayPal.
Safety and Security
The safety and security of your money is a big issue when it comes to any casino. This is where Bitcoin operators outdo more regular ones. Apart from using the usual SSL encryption tech, your funds are kept in a ‘cold’ wallet that is separate from the casino website, making it almost impossible for hackers to reach.
When it comes to choosing a reputable Bitcoin casino, we highly recommend you do your own research. You should read up on the different available casinos before making your choice. Luckily, there are quite a few trustworthy and respectable Bitcoin-adapted casinos out there. We have made choosing the best one for you easier than ever before.
Pros and Cons of Bitcoin Casinos
Pros
Safer than Traditional Online Casinos
Instant Deposits and Withdrawals
Wider Variety of Games
No Lengthy Registration Process
Better Bonuses Available
Cons
Restricted Jurisdictions
More Scam Operators on the Market
Lacks Licensing
How To Create a Bitcoin Casino Account
Creating an account at a Bitcoin online casino is an extremely easy process and takes just a few moments. If you have signed up to a regular online casino before, you will know that some documentation is required. With Bitcoin operators, the KYC procedure is eliminated thanks to the cryptocurrencies’ high levels of security. Learn how to open a crypto wallet in a few minutes by following this tutorial
Time needed: 10 Minutes
Tools required: Mobile or Laptop
Funds required: unlimited
Follow the “Sign Up” button on the online casino’s homepage
Take a look at our List of Bitcoin Casino and visit the website by clicking on “Play Now”.
Fill out the form with all relevant personal and financial data
Create a casino account and fill in the sign up form with your personal details.
Confirm your email address
Verify your Email address and log into your casino account.
Make a Deposit using Bitcoin and play your favourite games
Now all you have to do is, deposit the desired funds into your account and you are all set to play casino online.
How CasinoKix Rates The Best Bitcoin Casinos
Our purpose here at CasinoKix is to offer our visitors good information, advice and all the most recent news related to Bitcoin and cryptocurrency-adapted casinos. We have made it our goal to leave you with all the latest news from the market, as well as neutral reviews of online Bitcoin casinos. Our trustworthy team of Bitcoin casino experts have always got your back!
Safety and Security of Funds and Data
Deposits and Withdrawals
Licensing and Trustworthiness
Promotions and Bonuses Available
Our Verdict
From what we’ve seen from the better part of Bitcoin casinos currently on the market, there is a lot of choice and the competition is very stiff. We recommend taking a look at our review page on a regular basis to keep yourself updated on the best Bitcoin casinos out there and get tips on how to make the most of your online gaming using cryptocurrency.
Why use Bitcoin at Online Casinos?
A major advantage Bitcoin operators offer is that they make payments easier, quicker and safer. Most Bitcoin casinos have a site which is easy to navigate in order to make it user-friendly. This allows gamers an easy use via their mobile phones and tablets.
Alternatives to Bitcoin
Bitcoin is just one of several digital transaction options on the market, albeit the most popular one. In fact, there are, at the moment, over 1,200 different cryptocurrency alternatives to choose from. Many crypto-focused casinos try to offer as many options of digital currencies as they can, with some even denying fiat currencies altogether. Every cryptocurrency has a set of pros and cons but here we provide a few of the most popular ones:
Bitcoin Cash – 2017
Ethereum – 2015
Litecoin – 2011
Dogecoin – 2013
Tether – 2015
Bitcoin Casinos FAQ
If we think about the way things are progressing, we can see that Bitcoin casinos will gain popularity over the next years. This is because of more gamers changing transaction method to cryptocurrency for making online payments.
These providers offer different benefits surpassing traditional online casinos and using Bitcoin for faster and safer payments. The trend is showing no sign of slowing down anytime soon and is almost considered the fastest casino payout method.
Which casinos accept Bitcoin?
There are a few Bitcoin-adapted casinos that are already making an impact on the market even though they are just beginning. A variety of these are owned and operated by enterprises that also own competing online casinos, such as BitStarz and Playamo. The best method to see whether a Bitcoin casino is worth your game time is by glancing at our reviews and doing research.
How can I deposit with Bitcoin?
Making a Bitcoin casino deposit is immediate since wait-time is eliminated due to the absence of external third party providers like banks or e-wallets. Select the amount you want to deposit and make a transfer from your Bitcoin wallet to the online provider of your choice. The money will appear in your casino account instantly, making it very easy to start playing your favourite games.
Are there any Deposit Fees with Bitcoin?
Usually, there are no fees when making a deposit at an online provider in Bitcoin, although some casinos do demand a minimum payment amount of approximately 0,001 Bitcoin upon deposit. However, this differs from one casino to the other. We recommend that you check the deposit terms and conditions on online casino website before choosing them for your own Bitcoin payments.
Is Bitcoin safe to use for Online Casinos?
Bitcoin-adapted casinos are a lot better than traditional ones, which is why so many gamers are choosing these operators for online casino gambling. They offer players a heightened level of anonymity and remove the need for third-party transaction providers. Security plays a major defining role in all Bitcoin-adapted casinos, thanks to money being kept off the site in cold wallet options.
Is there a Bitcoin Casino Bonus for new customers?
A major advantage of Bitcoin providers is that they can provide better bonuses to gamers than traditional casinos can. As a new gambler, you can look forward to large welcome bonuses including Bitcoin bonus cash, free spins, cashback on losses and more profitable casino bonuses to increase your money pile. Some Bitcoin providers also offer no-deposit bonuses on sign-up to first-time enlistees.
With over 5 years of experience within the gambling industry, Alina has decided to dedicate her set of skills to Casinokix. She has great knowledge of online casinos and knows exactly what makes a fair and reputable casino. For the time being, she is responsible for our content production and tries to provide readers with the best information about the casino world. Her professional approach is part of our success story. Currently, Alina is also finishing her Diploma in Journalism.
