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. There are plenty of other new Bitcoin casino brands that are working on the latest advanced cryptocurrency gaming platform. If you are not sure which casino is a reliable new Bitcoin casino, we at Casinokix have listed a few criteria that are important to take into account.
A few of these criteria encompass transactions, promotions, mobile optimisation and if the Crypto casino has a verified casino licence.
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 Casino Deposits, Withdrawals and Fees
Expect instant deposits and withdrawals with Bitcoin casino transactions, which means that the transactions are processed within the seconds. This makes an option like Bitcoin much more popular in comparison to other transaction methods like credit card or bank transfers.
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
When you play in a Bitcoin casino it is important to feel trust and safety with your deposits and withdrawals. Bitcoin operators are relatively new and with this latest technology they often provide more secured transactions. Among others we discovered that Bitcoin casinos work with SSL encryption technology and the funds are kept in an protected wallet that is separated from the online casino, which brings an extra layer of protection and a difficulty for hackers to find your finances.
At Casinokix we have done the research concerning those type of new casinos and we have created a list that we think are the most valuable, safe and high-quality casinos. Nevertheless, we suggest you read our casino reviews before you make a decision on which online crypto casino to choose. Only safe bitcoin casinos are presented, so you can best see which online casino matches your personality and wishes.
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. We are here to explain to you the process of a Bitcoin casino sign up. Bitcoin casino operators are highly efficient and fast as you do not have to show your documentation as with normal online casinos. The security level of crypto wallets are high and you can safely deposit to your favourite casino. Check out the following link to learn how to open your own cryptocurrency account tutorial:
Time needed: 10 Minutes
Tools required: Mobile or Laptop
Funds required: unlimited
Follow the “Sign Up” button on the homepage of the online casino
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 we rate 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 Crypto 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. What are the best Bitcoin casinos out there and what are the tips not to miss when it comes to online gambling and cryptocurrency? These are the questions we happily answer for you here.
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 one of many digital currencies out there and probably the most known currency. However, there are many other options as of right now there are more than 1,200 different cryptocurrencies on the market. Many crypto-focused casinos try to offer as many options of digital currencies as they can, with some even denying fiat currencies altogether. Below we have listen the most popular cryptos that have been used in online casinos:
Bitcoin Cash – 2017
Ethereum – 2015
Litecoin – 2011
Dogecoin – 2013
Tether – 2015
Bitcoin Casinos FAQ
The world is growing into a more technology based entity and we can see the evidence with Bitcoin casinos, that have been growing rapidly in the recent years. The majority of gamers right now are changing to the payment method of cryptocurrency to play in an online casino or to make online purchases.
These providers offer different benefits surpassing traditional online casinos and using Cryptocurrencies 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?
The popularity of Bitcoin casinos is emerging and the gambling market is adjusting to that need. However, just to make sure you are signing up to a Bitcoin casino, we recommend you to read our Bitcoin casino list. Among others you can find here Nine Casino, Lucky Dreams, Bruno Casino and Rolling Slots.
How can I deposit with Bitcoin?
With no third-party or e-wallet involved, Bitcoin deposits are fairly easy and extremely fast. 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?
Absolutely, it is a safe deposit method to use, which is why many players convert to Bitcoin casinos. 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?
As a novice gambler, you get to enjoy a range of exciting incentives when using Bitcoin providers that are not typically available with traditional casinos. For example, larger welcome bonuses such as bonus cash and free spins for those who use Bitcoin, cashback on losses and other beneficial casino rewards will help you increase your chances of success. Additionally, some even offer no-deposit bonuses upon registration at their preferred Bitcoin casino!
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.
