The Ultimate Guide to Bitcoin Casinos

The Ultimate Guide to Bitcoin Casinos

The advent of new technologies has helped a string of online gaming industries to emerge, from online poker and eSports to casinos. Now, thanks to blockchain technology, it is possible for gambling fans to play their casino table games and video slots using cryptocurrency such as Bitcoin (BTC).

Bitcoin and other decentralised cryptocurrencies are proving increasingly popular as payment methods for goods and services, not to mention how people buy Bitcoin as a 21st century investment asset.

As the price of Bitcoin is now thousands of pounds, playing casino games with Bitcoin offers an excellent adrenaline rush for crypto investors, giving you the chance to increase your digital assets with the fortunate turn of a card or a lucky spin of the reels.

bitcoin round

What are Bitcoin casinos?

Bitcoin casinos really started to come into vogue in 2017. Between February and March 2017, an average of $4,000 worth of Bitcoin was wagered every 60 seconds on the world’s Bitcoin casino platforms. The main advantage of Bitcoin gambling is the privacy it guarantees. Bitcoin casinos transact in Bitcoins only. While you’ll find some online casinos that accept deposits in Bitcoin alongside fiat currencies, those convert your BTC into fiat once you’ve deposited. This means they’re not real Bitcoin casinos.

Online Bitcoin casinos offer a range of games including:

Table games

–  Blackjack-  Roulette-  Craps-  Baccarat-  Etc.

Slot games

Progressive and fixed jackpot video slots with HD visuals and audio

Sports betting

Pre-match and in-play sports betting markets

Online lotteries

Lotto games with BTC jackpots

Spread betting

Bitcoin spread betting on various markets

Aside from the benefits of anonymity and security when you’re playing your favourite Bitcoin games, some Bitcoin gambling sites feature a unique infrastructure designed to provide 100% transparency. Provably fair gaming verifies that all bet outcomes in all Bitcoin games are correct and fair.

The provably fair gaming system is underpinned by Bitcoin’s cryptographic algorithm, which is exceptionally difficult to hack or break. Reputable Bitcoin casinos utilise open algorithms known as random number generators (RNGs), to verify that each game or transaction has occurred on its site. As each RNG is placed on the blockchain and secured by cryptography, players can rest assured that games are 100% fair and never manipulated in favour of the house or specific players. If a casino operator was to try and alter the outcome of a game, bets would not be able to be verified and players would not lose their funds.

If you are in doubt as to the legitimacy of a Bitcoin casino, you might prefer the concept of trading and investing in Bitcoin instead. As we wrote in our eToro review, the platform pioneered Bitcoin trading via Contracts for Difference (CFDs), allowing investors to place ‘buy’ and ‘sell’ orders for the price of Bitcoin based on whether the price will rise or fall. With the ability to place stop losses and take profits at a certain percentage, it’s far easier to manage your risk investing in Bitcoin as an eToro member than playing casino games.

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How to get started with Bitcoin casinos

First and foremost, if you want to play casino games with your Bitcoin, you need to choose the right Bitcoin wallet for online gambling.

How to choose the right Bitcoin wallet for gambling

A Bitcoin wallet is essential for storing the cryptocurrency and transferring Bitcoin to pay for goods and services. If you wish to gamble at a Bitcoin casino, you’ll need a wallet to move funds to and from your casino account.

The best online wallets to choose for Bitcoin gambling are those that are fully regulated. Check out our Coinbase review to discover the many security advantages of having a Coinbase wallet. First and foremost, Coinbase offers multi-signature security, allowing users to self-manage their Bitcoin wallet keys. This means that even if Coinbase were to close, you’d still have 100% control over your digital assets. The world’s leading social cryptocurrency trading network, the eToro platform, is also currently developing its own crypto wallet.

On the whole, we always recommend that Bitcoin gamblers choose a wallet that allows them to have a say in how their Bitcoin is stored and used. Those that grant control of crypto coins to third parties offer far greater risk of being a victim of cybercrime.

The best Bitcoin casinos online

Fortune Jack

Fortune Jack Casino is a Bitcoin casino managed by professionals with over two decades of expertise in the iGaming scene. There are more than 170 slot games available, developed by leading crypto iGaming studios such as Igrosoft and Novomatic. Fortune Jack not only allows its customers to play with Bitcoin but a range of other cryptocurrencies too, including Litecoin (LTC), Dash (DASH) and Peercoin (PPC). The platform’s second most popular cryptocurrency is Ethereum. The price of Ethereum at the moment is such that some players prefer to buy Ethereum instead of Bitcoin for online gambling.

Vegas Casino

Launched back in 2015, Vegas Casino caught our eye with its partnerships with some of the biggest casino software developers, notably Betsoft, Play’n Go and Game Art. With 260 popular video slots available along with a fully-optimised live dealer experience and exciting Bitcoin bonuses for new customers, Vegas Casino is a Bitcoin casino that seems to care about creating an exciting gaming experience.

mBit Casino

mBit Casino is one of the newest kids on the block, boasting an offshore casino license provided by a reputable jurisdiction in Curacao. Currently, players can get a matched deposit bonus of up to 1 BTC on their first deposit. The platform boasts brand-new live dealer software, offering a slick and immersive experience. There are over 200 video slots available, along with 55 instant play table games spanning classics such as blackjack, video poker and roulette.

Bitcasino.io

Bitcasino was the world’s first truly licensed Bitcoin casino, powered by some of the pioneering iGaming software studios such as Microgaming, Betsoft and Play’n’Go. Not only is Bitcasino’s immersive gaming experience available on desktop, it has a premium mobile version tailored to Android, iOS and Windows devices. Bitcasino also offers online poker and sports betting, resulting in a one-stop-shop for gambling with cryptos.

Cloud Bet

CloudBet offers one of the most exciting new customer bonuses, with a 100% matched deposit bonus up to a whopping five BTC. This cryptocurrency casino offers punters the chance to place bets across casino games and live sporting events. With a large in-house team of betting market makers, you can place sports bets with CloudBet with confidence.

fortune jack

vegas casino

mbit

bitcasino

cloudbet

Leading Bitcoin casinos

 

Provably Fair

24/7 Support

Mobile- Optimised

Fully Licensed

Sportsbook Available

Fortune Jack


X

X

Vegas Casino




X

mBit Casino
√ (SoftSwiss Games only)



Bitcasino
X



Cloud Bet
X



Can you play Bitcoin casinos in your country?

Country

Bitcoin Legalised?

Gambling Legal?

United Kingdom

USA

X (Online gambling legal only in some states)

Canada

Australia

√ (Aus-based casinos prohibited)

Spain

√ (Spain-based casinos prohibited)

Portugal
√ (Unregulated)
√ (Portugal-based casinos prohibited)

Belgium
√ (Unregulated)

France

X

Italy
√ (Unregulated)

The Netherlands
√ (Unregulated)

Germany

X

Greece
√ (Unregulated)

Turkey
√ (Unregulated)
X

Poland
√ (Unregulated)

Czech Republic
√ (Unregulated)
√ (Unregulated)

Denmark
√ (Unregulated)

Finland

South Africa
√ (Unregulated)
X

China
? (Unregulated)
X

Japan

Hong Kong
√ (Unregulated)
√ (Unregulated)

There’s no doubt that Bitcoin gambling is one of the fastest-growing trends in online gaming. The use of Bitcoins and altcoins is increasingly popular because it allows for depositing and withdrawing funds quicker and cheaper than fiat currencies. Furthermore, the anonymous nature of wagering with Bitcoins gives online bettors the security and privacy they crave when playing their favourite table games or betting on their favourite sports. Of course, if you prefer a steadier way of accumulating Bitcoin and other cryptocurrency, investing in Bitcoin at a broker exchange like eToro can allow you to profit on the price movement of Bitcoin and other cryptocurrencies without having to physically own or store them in a crypto wallet.

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