Page updated on 30.06.2020
BTC – Bitcoin Casinos
When playing at a mobile online casino, one of the considerations is your choice of currency. If you're from the European economic area (EEA), Canada, the United Kindom or India, finding a Euro, Canadian dollar, pound sterling or rupee casino is relatively easy. That's because these fiat currencies are widely accepted, but what happens if your country's currency is not accepted or you don't want to use it? Do you exchange your fiat currency into another one that is accepted, which will cost you foreign exchange fees?
Enter the cryptocurrency. Cryptocurrencies are digital currencies which are not backed by a country's, or economic area's central bank. The largest and most liquid of all cryptocurrencies is the Bitcoin (BTC), founded in 2009. Other popular cryptocurrencies include Ethereum (ETC), Litecoin (LTC), Bitcoin Cash (BCH) and Dogecoin (DOGE). In total there are over 5,000 cryptocurrencies, though only a handful is liquid enough to be of any value as a currency.
Online Casinos for players with Bitcoin
If you're looking for casinos that accept Bitcoin currency, then we can suggest some. Each operator comes with an online casino guide which starts by looking at their low wagering casino bonus, live casino bonus and wagering requirements. It then goes on to look at accepted casino payment methods, games and customer support.
|9.4/10||♣ Withdrawals processed within an hour
♣ no withdrawal limits
♣ many currencies accepted
♣ Games on Desktop: 2500 | Mobile: 2000
♣ English Website: ✓
♣ Casino, Live Casino
Bitcoin ↱ is one of over 5,000 cryptocurrencies, but the oldest and the most liquid out of all of them. It has grown in acceptance amongst cryptocurrency casinos. It removes the requirement for a banking intermediary and has lower transaction fees. Using blockchain technology, transparency increases as fraud decreases since transactions are recorded on a public ledger. Bitcoins are safe because they do not require personal details, and the sender determines the amount to send.
These are trustworthy Bitcoin casinos that use provably fair technology that confirms whether any game using a random number generator (RNG) is indeed free from manipulation.
You can purchase Bitcoins on an exchange, much like you would buy shares of a public company on an exchange like Kraken, Coinmama, Coinbase or Bitstamp. Many of these exchanges will allow you to purchase Bitcoins using a bank transfer or credit cards.
International Peer-to-Peer (P2P) networks such as Bisq, BitQuick, Local Bitcoins or Paxful also allow you to purchase Bitcoins.
Some players acquire Bitcoins by selling goods or services, while others are compensated in the cryptocurrency for Bitcoin mining. Bitcoin miners ensure the integrity of the network, process transactions and issue new Bitcoins.
Although Bitcoins have not been made legal by legislation in most jurisdictions, it also has not been made illegal. Many countries such as Canada, the United Kingdom, New Zealand and Czechia have been receptive to Bitcoins. In contrast, others like India have some legal restrictions.
Casinos that accept BTC can be just as safe as other online casinos, providing you take some reasonable precautions. Most cryptocurrency casinos, including Bitcoin casinos, are Curacao licensed, rather than European licensed.
European licensed online casinos in jurisdictions such as Malta (MGA) or Great Britain (UKGC) have a reputation for being much stricter with license holders. In some cases, they have issued warnings, fines, license suspensions and license cancellations.
Curacao-licensed casinos do not need to meet the same standards of regulation. While this does not imply that they are all risker, you do need to do your homework.
Some cryptocurrency casinos use Provably Fair technology on games. It is a cryptographic technique used to ensure that a game round is random and free from manipulation.
Online casinos not accepting Bitcoins may accept an alternative cryptocurrency such as Ethereum, but this is unlikely as Bitcoin is by far the most widely accepted.
If you're sure that you want to used Bitcoins, then we suggest you look for another operator that does accept Bitcoins. There is no shortage of them, including the ones that you can find on our pages at FortunaOnlineCasinos.com.
The best Bitcoin casinos will allow you to deposit and withdraw your Bitcoins. Depositing is as easy as copying the Bitcoin address or QR code. From your Bitcoin wallet, go to the 'Send Bitcoin' section and enter the address. You'll also need to use your private key to make the Bitcoin transfer. Keep in mind there may be some fees for transferring your Bitcoins, but the transaction is swift, and you'll be able to play for real money within minutes.
Withdrawals are also swift, but the process can take up to a few days as the casino will need to process your request. To avoid needless delays, make sure to verify your player account ASAP by sending all requested documents.
The bonus code is the equivalent to a coupon at a burger chain. There is an offer for 50% off of a burger, fries and milkshake combo. To qualify, however, you'll need to present a coupon. This analogy applies towards alphanumeric bonus codes that you can use to receive a welcome bonus.
Many casinos offer welcome packages to new players that may consist of a sign-up bonus, deposit bonus, cashback bonus or free spins. When registering at the casino, you will be invited to opt-in to the bonus.
There are several payment methods used to transfer Bitcoins, including BitPay, which only deals in Bitcoins, and CoinsPaid which can handle multiple cryptocurrencies. A Bitcoin casino will allow you to make Bitcoin payments using any wallet, and to make the payment you'll be able to see your unique player account Bitcoin address that you can send money to.
Provably fair is a cryptographic algorithm used at cryptocurrency casinos including Bitcoin casinos. It tests the outcome of a casino game of chance to ensure that it is genuinely random and free from manipulation.
Playing at a Bitcoin casino is similar to playing at a fiat casino such as a EUR casino. Instead of Euros, USD or other currency, you'll need Bitcoins held in a Bitcoin wallet. You'll need to register at the casino and deposit Bitcoins into your player account. You'll then be ready to play for real money. You can also choose to play for free first in most games. It is a good way of discovering new games risk-free.
Bitcoin casinos offer casino bonuses, while some offer Provably Fair technology that ensures the randomness of each casino or slot round. They are growing in popularity, as Bitcoin transactions are safe since they don't require you to provide personal information. Players with Bitcoins also control the payment amount. Fees are generally lower when transacting in this cryptocurrency.