Bitcoin Overview
Bitcoin is a virtual currency created in 2009 by Satoshi Nakamoto in Japan. Unlike other classical currencies, better known as fiat currencies, a banking authority does not manage Bitcoin. It works independently and does not require payment for its use. This technology lets you store and transfer information transparently, securely, and without regulatory authorities.
Indeed, bitcoin, like many other cryptocurrencies, is put into circulation through mining. And if it is the most famous cryptocurrency in the world, it is undoubtedly because its success has led to the creation of hundreds of other virtual currencies.
What are Bitcoin online casinos?
Before we get into the casino bitcoin, let’s explain Bitcoin. Even if you are not advanced in the subject of cryptocurrencies, surely Bitcoin has hit your ears. No wonder, after all, everything is based on Bitcoin. It is a cryptocurrency that was the first to enter the market and paved the way for others, such as Ethereum. Even now, after many years of crypto development, other cryptocurrencies’ prices depend on Bitcoin. If we want to define Bitcoin, we can say it is a peer-to-peer virtual currency. This currency is not dependent on the government of any country. Likewise, it is not governed by any of their laws. Now that you know Bitcoin, let’s return to the crypto casino. A Bitcoin casino or an online crypto casino is nothing more than a virtual casino where you can use cryptocurrencies as a means of payment. These casinos have the same rules as regular online casinos, except that you can bet and win BTC.
How does a Bitcoin casino work?
We can notice two groups of Bitcoin casinos. In the first one, payments are based only on cryptocurrencies. Payment methods have been fairly widespread in the latter, from fiat currencies to cryptocurrencies. In online crypto casinos, you can play poker, roulette or blackjack and get the winnings in the form of BTC. To take advantage of the offer of such a casino, you must first buy BTC with regular, fiat currency and, in the next step, decide on a crypto storage wallet. Later, you can register with the casino of your choice and start betting!
What actually is Bitcoin?
It’s a digital payment method that has the potential to revolutionize how we send and receive money. Unlike traditional banking systems, Bitcoin operates without a central authority. This means that transactions can be sent directly between individuals without needing a third-party intermediary. Additionally, all data associated with Bitcoin is decentralized, meaning it isn’t stored in one location. So, even if one server was hacked, your information would still be safe because it would spread across multiple servers worldwide. That makes participating in the Bitcoin network extremely secure and trustworthy!
Are Bitcoin payments anonymous?
The main advantage of Bitcoin is its anonymity. Transactions made with Bitcoin are very difficult to trace, making it an ideal payment option for both individuals and businesses. However, if IP and Bitcoin addresses (wallets) are known, Bitcoins can be traced back to a person or company. Therefore, all Bitcoin transactions are permanently logged and stored in the Bitcoin network, meaning they can always be traced.
How can you mine Bitcoin?
Mining is the most important aspect of dealing with bitcoins. These days, it’s impossible to mine bitcoins on your own. The reason for this is fairly straightforward: the total number of coins is limited, and demand is now sky-high.
Today, the number of coins has decreased due to all the interest, while the value of all bitcoins in circulation keeps increasing. Since it’s now much harder to mine coins, it takes tremendous effort just to create the conditions for mining them.
“Miners” earn bitcoins by solving complex mathematical problems on their computers, like getting paid for a difficult crossword puzzle or something similar. What were once simple algorithms have become increasingly complex as more people try to mine bitcoins. Now digging for them requires a huge investment and almost impossible skill set for average users.”There are already giant mining farms in Russia and China that handle this sort
How else can you get bitcoins?
Investing in Bitcoin can be a great way to make money, but knowing what you’re doing is important. Buying bitcoins on an exchange like Binance or Kraken is similar to buying stocks: the value of your investment can go up or down depending on market conditions.
Choosing the right time to buy and sell Bitcoin is crucial to maximizing your profits. Once you’ve made your purchase, we recommend transferring your bitcoins into a personal account or wallet for safekeeping. For more information on how to do this, check out bitcoin.org.
Are Bitcoin casinos reliable?
Undoubtedly, Bitcoin is on its way to becoming a mainstream currency. Thousands of businesses worldwide accept crypto, and many specialized BTC casinos have popped up in recent years. But are these casinos safe? You can rest assured that all the providers listed on our leaderboard are reputable and trustworthy. They hold current licenses from Curacao and operate under strict regulations. We carefully test each one to ensure they offer fair terms and conditions.
How to play in an online casino for real money using Bitcoin?
- Open a customer account in the Bitcoin casino
Of course, to get started, you first have to open a customer account in a Bitcoin casino. Here, you will be asked how to make the deposit. BTC is the currency code for Bitcoin. - Make a Bitcoin deposit
After you have activated your e-mail address via a confirmation link, you can make the deposit. All you have to do is click on the “Deposit” button. The subpage also provides direct information about the bonus offers available for BTC payments. - Confirm BTC deposit and play
You only have to enter the number of BTC that you want to deposit there. Then, you scan the QR code, and the transaction will be initiated via the Bitcoin account. After a few minutes, the equivalent value will be in the customer account of your Bitcoin Casino.
Bitcoin features
Bitcoin casinos are usually the most modern on the market. This means that the software manufacturers and security standards are also current. In BTC casinos, you get a lot of offers.
Choosing an online crypto casino is difficult, especially when you don’t know what it is all about. Find out what to look for when choosing an online crypto casino here.
- License
The first thing you should do is check that the casino is licensed. This is the most important aspect of any casino because it is thanks to the license that you can be sure about safety and reliability. Ideally, the casino’s operations should be regulated by a well-known company that can enjoy a good reputation. Curacao is a good example of this. If you are unsure about the license, remember that neither your money nor your data are safe in such a casino. - Opinions of other users
Nobody is as honest as the consumers of the service. In this case, other players can be of great help. They will write about the uncomfortable situations they found themselves in and how the casino dealt with them. This way, you can find out what the real attitude of a given Bitcoin casino is. - Variety of games
We should start counting on this because it is the essence of the casino for the players. The gaming lobby is very important; the games keep us entertained. The offer should be diverse and extensive so everyone can find something for themselves. - Choice of payment options
Even though we see it as inconspicuous, customer service is very important when choosing a casino. Do not forget that the support will solve (or not) your problems that have arisen in a given casino. Ideally, there should be several options for contacting the customer service department and wide availability.
How to get Bitcoins?
We can easily and hassle-free obtain the Bitcoin cryptocurrency for further use during various online fees. How we can do this you will learn from the tips below:
- If you are new to Bitcoin casinos, you should first create an account on the website. After that, you can transfer money to your account or buy cryptocurrency online.
- This service also offers the possibility of buying Bitcoins and the convenience of selling this cryptocurrency. You can also read the terms and conditions of selling and buying Bitcoin by visiting the website.
- After purchasing a certain amount of bitcoins, you can transfer these funds to an electronic wallet of your choice, many of which you can find online. This is the case if you are a retail merchant and redeem the cryptocurrency solely when making online deposits.
Advanced technologies on the internet offer us many trusted legal platforms on which you can buy Bitcoin cryptocurrency. Below, you will learn about some of the best, recommended by us:
- Coinbase is the largest Bitcoin broker in the world. This website has a user-friendly interface, low service prices, and a very good reputation among many users worldwide. The service is often recommended and is famous for its good reviews, so we also list it as one of the best options for buying Bitcoin cryptocurrency by virtual casino players.
- Bitbay is a service from the Netherlands that allows users to buy bitcoins using a regular credit card. The new platform is also famous for its popularity and pleases users with its reliable operation and high-quality services.
- Coinmama is another leading company in this field. It offers users from various countries the possibility of buying cryptocurrencies online. The website offers fast and reliable money transactions when they want to acquire a popular cryptocurrency.
- Another alternative way to get Bitcoin cryptocurrency is to buy and sell bitcoins directly on their online site. This is a kind of Marketplace where users combine sales from one user to another and call themselves sellers. The buying and selling process is done so that users enter an advertisement with the preferred price and payment method.
- Then, users can take advantage of, for example, Localbitcoins, which is good because it offers users complete anonymity. Also, it is very reliable that you can find another user who accepts your payment method, such as PayPal or many others available worldwide.
- Another convenient option for users is Bitcoin mining. This new option will appeal to users who like to research and can spend time getting their dream cryptocurrency online.
- ATM payment is one of the fastest, easiest, and most anonymous ways to get cryptocurrency for betting at a Bitcoin casino. This method will appeal to users who prefer to get Bitcoins with cash or credit cards and are also new to the Internet also if they are starting to become acquainted with cryptocurrency.
Bitcoin pros and cons
- Amazing liquidity and gambling options compared to other cryptocurrencies. When we compare Bitcoin to other cryptocurrencies, it will always be the absolute leader everywhere. This virtual currency is extremely liquid and easily exchanged for the world’s largest currencies, such as GBP, USD, or EUR. Moreover, Bitcoin still offers the broadest selection of gambling options we can play on compared to its main competitors. The best reputation places won’t even accept other cryptocurrencies. So, without a doubt, Bitcoin is the best option for those willing to gamble with cryptocurrencies rather than traditional currencies.
- Lower transaction fees compared to e-wallets. Transaction fees are always a huge problem for both regular and regular players. Usually, when we use other payment methods, such as e-wallets or credit cards, the transaction fees vary between 2% and 3%. Bank transfers incur even higher fees. Bitcoin users can expect transaction fees of between 1% and 1.5%. When you add instant payment times and other Bitcoin benefits, you can easily see that this is the best banking method.
- 100% privacy and anonymity if you intend to play Bitcoin online casino. Another advantage of Bitcoin is that it is widely recognized as the main one. Namely, since no person or authority regulates Bitcoin, all transactions are 100% anonymous and undetectable. Moreover, unlike electronic wallets, most Bitcoin wallets allow users to remain anonymous. So, by using Bitcoin, you hide your gambling transactions from everyone and have confidence that no one can track such transactions. This is especially true for those looking to keep their account history clean, as transactions to and from gambling sites can harm their credit history.
- Independence from political and legal regulations. We do not support illegal gambling and such activities can have many negative consequences for those involved in it. Nevertheless, we must mention that Bitcoin also offers players independence from political and legal regulations. More specifically, as Bitcoin makes players anonymous, it’s easy to guess that neither operators nor governments can track if someone is playing at an online casino. This can be especially useful for players from countries where iGaming is illegal, such as the US, Australia, and some Asian countries. Namely, they can join reputable casino sites and play for Bitcoin without risking being detected or fined.
- You can use this cryptocurrency not only on BTC gambling sites once you’ve withdrawn your funds. Finally, players can use Bitcoin for many other activities, not just gambling. This is a huge plus, considering that many other cryptocurrencies have limited use. For those unfamiliar with all the ways they can spend their Bitcoins, we will list some of them. For example, you can buy services and products from hundreds of online stores. What services and goods may you be wondering? Some options include pizza or a taxi ride! Moreover, there are sites like eGifter and Gyft that also allow you to purchase gift vouchers.
- A small list of trusted online casinos that accept Bitcoin. As Bitcoin is still a fairly new payment method in casinos, we have a serious shortage of trusted operators that accept such payments. So, compared to credit cards and e-wallets, which are widely accepted, Bitcoin is not dominant. As such, sometimes, when you want to deposit at an online casino in the form of Bitcoin, you may have to spend a while looking for a gambling site that supports this cryptocurrency. Of course, we also must mention that this particular disadvantage can easily be avoided if you stick to our list of recommended casinos supporting Bitcoin.
- No chargebacks or refunds at all. You can request a chargeback or a refund when purchasing credit/debit cards and e-wallets. Of course, you must have a valid reason, but you are somewhat protected from fraud. When it comes to Bitcoin, there are no chargebacks or refunds here. As we have learned so far, Bitcoin is a cryptocurrency that no one regulates, and therefore, Bitcoin transactions cannot be canceled or refunded. Therefore, you cannot recover these funds if you are scammed or mistakenly send your coins elsewhere.
- Lots of scams (among unregulated casino operators). It’s easy to guess that casino operators are cheating using this payment method because chargebacks or refunds are not an option when using Bitcoin. More specifically, hundreds of online casinos should not be trusted. These operators are not licensed or regulated in any way. Therefore, they can do whatever they want, including not withdrawing winnings or refusing to process withdrawals. In addition, many hacking attacks make it impossible to recover funds. Therefore, we want to emphasize again the importance of setting up accounts only on websites of trustworthy operators supporting Bitcoin, such as operators you can find on our website.
- Value fluctuations. Even though Bitcoin can easily be exchanged and also guarantees anonymity, it still has a huge downside – price fluctuations. This cryptocurrency is not the best choice for those who prefer stability and predictability. Everyone knows that one bad event can cause Bitcoin to drop in value and drastically to do so. This is exactly what happened after the fall of Mt. Gox when Bitcoin depreciated over 50%. In other words, it can be very stressful for a person who invests cash in Bitcoin and is concerned that something might happen that will cause the currency to drop suddenly.
- Conversion fees to cash. Finally, the last disadvantage of Bitcoin that we must mention. It concerns fees. Usually, when you make a real money online casino deposit, you don’t have to pay any cash conversion fees. However, you should expect currency conversion fees if you make Bitcoin deposits at online casinos.
- Moreover, even if you have chosen a casino operator that does not charge for Bitcoin deposits, you will still have to cover the cost of withdrawing funds from your wallet. These fees are typically around 1.5% of the value, depending on the company that provides you with the Bitcoin wallet service. Nevertheless, e-wallets usually offer the same fees, so looking at it this way, Bitcoin isn’t the worst.
Bitcoin deposits and withdrawals
Making a deposit and withdrawal in an online casino with Bitcoin is very simple.
- Choose BTC casino
If you want to play in a Bitcoin online casino, you need to find one that is reliable. Indeed, the choice of such an establishment is a step that is based on several characteristics. These are security, convenience, fast transactions, interesting games, good wagering requirements, etc. Want to know how to choose a Bitcoin casino? Don’t panic! Below is our selection of the best online gambling sites using virtual currency. By using one of these establishments, we guarantee that you will never be scammed. So have no fear and try your luck. - Create a Bitcoin wallet
Having a wallet before playing in a Bitcoin online casino would be best. It’s like a bank account that lets you store, receive, or send money. The latter protects the secret code or the private key you need to carry out or manage your transactions. Just like the personal information on your credit card, you need to keep it as secure as possible. Fortunately for beginners, there are many reputable Bitcoin wallets: web and software. You can use any to make a Bitcoin deposit at an online casino. - Take Bitcoins
Do you want to know how to get Bitcoins to get started in online gambling? You can take them by accepting them as service payment or buying them from someone near your house. However, there is a way you can get bitcoins without having to go through multiple paths. - Make a BTC deposit
Deposits at Bitcoin casinos in are made instantly. Thus, you do not have to wait to use the virtual currency and play the games offered. Transactions are usually processed instantly, so players can start playing very quickly. They often appear in an online casino account for up to 30 minutes.
As you can see, just a few steps separate you from success.
To send bitcoins to an online casino account, you should automatically use the recipient address provided by the establishment. Once the transaction has been completed, you will be ready to start playing.
Bitcoin casino withdrawals
Withdrawing from an online casino using Bitcoin cryptocurrency is very simple. All you need to do is:
- Log in to your account.
- Click on the “Withdraw” button.
- Select the Bitcoin payment method.
- Enter the amount you wish to withdraw.
- Wait to receive your bitcoins in your electronic wallet.
- Go to the cashier of your Bitcoin online casino and look for the withdrawal option. This happens the same way as a typical e-wallet transfer.
- Choose BTC as your withdrawal method and enter your Bitcoin wallet address and the amount you wish to withdraw.
- Wait for the transaction to be processed and completed. It usually takes place within seconds.
- Now, you can start planning how you will spend your winnings. If you decide to store them in your crypto wallet, be aware that they can fluctuate more than other currencies.
More Bitcoin casinos to choose
Where did players have to visit land-based casinos to enjoy the game, and have their favorite games gone forever? Not exactly because they are still in demand, but to a lesser extent than they were a few years ago. Technology is developing rapidly, and almost every Bitcoin online casino has its mobile app.
The Bitcoin version used to be just an attractive addition, but now it’s a requirement that no casino that wants to be on the top list can do without. Operators are allowed to play online games using Bitcoin as they become increasingly popular. All you need to play at an online casino on your smartphone is permanent access to the Internet.
Mobile Bitcoin casinos
Canadian players of virtual casinos can now find many websites that offer the possibility of gambling with the use of various devices, such as mobile phones or tablets. Modern technologies allow us to directly access the online casino in the browser of our cell or tablet without using cellular data.
Quality online casinos offer users applications for Android and iOS that do not take up a lot of memory and are very functional, understandable and convenient for everyone. Producers create a better quality interface, excellent graphics, special effects, and sounds that will bring us a lot of pleasure, emotions, and expressions from spending time in our favorite online casino.
Probably everyone knows how convenient it is to have your favorite entertainment in your cell, which we can carry with us anywhere and enjoy another dose of adrenaline at any time. In addition, the mobile versions often offer bonuses only to users who use an online casino using a mobile device or tablet.
So, online Bitcoin mobile casinos are convenient. If you are still wondering whether it is worth trying online gambling on your phone, we recommend that you do not hesitate and start your journey into the world of gambling and amazing adrenaline now!
Our service will help you choose one of the best online casinos, which you can use from a desktop computer, a tablet, or a mobile device based on iOS or Android. We assure you that you will be absolutely satisfied, and the quality and reliable operation of the virtual casinos we offer will necessarily surprise you!
Top legal and trusted Bitcoin casinos
If you are looking for the best Bitcoin casinos, check out any trusted online casinos on our list below. They are most popular among real players of gambling sites that accept Bitcoin.
New Bitcoin casinos
Keep your eyes peeled for these newly released Bitcoin-accepting online casinos! They have been released in the last few years and offer some great games worth checking out.
Bitcoin casinos security
How reliable and secure the possession and trading of cryptocurrencies are is the subject of lively discussions. Various aspects need to be considered:
- BTC has not been affected by inflation (like state currencies) so far. However, the fluctuations are also much stronger, which means that if you are unlucky, you can lose a significant part of your crypto assets quickly.
- A few years ago, the operator of a crypto wallet simply made off with the user’s coins. In the meantime, safety standards in the industry have grown. At least with the larger providers of the crypto scene, this no longer happens, thanks to the new transparency.
- Crypto transactions are also very well protected against hacker attacks thanks to the sophisticated coding.
Software providers in Bitcoin casinos
Bitcoin casinos allow players to find a toy library of games, rich and varied and, without limitation. The latter is also entertaining and includes such significant gains.
Online slots in Bitcoin casinos
If you prefer to play with your mobile, you don’t have to limit yourself in the casinos with Bitcoin. Choose your favorite slot game in the top Bitcoin casino and play!
This is the most popular type of game found in most Bitcoin casino sites. Slot machines are so popular because they are easy to play, fun and full of bonus games, triggers, wild and scatter symbols.
Indeed, in Bitcoin online casinos, slot machines are classified into several categories with different models. It is here:
- Video slots
- 3 and 5 reel slots
- Progressive jackpot slots
Thanks to this categorization, the player can choose the type of slot machine that will seem good for him.
Roulette in Bitcoin casinos
She is also an integral part of the queens of the most popular Bitcoin online casino games. Its game system begins with players and a dealer tossing a ball and spinning it to land on a number. The winners will be those who have bet on the numbers, the section or the color. Indeed, there are several types of wheels. They offer payouts based on their betting odds. It is :
- American roulette
- French roulette
- European Roulette
And if you have to choose between these different versions of roulette, we advise you to opt for the European variant. It has a high chance of winning.
Blackjack in Bitcoin casinos
It is a game that has a high chance of winning. On the latter, players can show off their skills. The rules and game strategies are simple. Here, you have to play against a dealer who deals two cards to the players, including one for himself. The objective here will be to get a strong hand close to 21.
In blackjack, the principle of the odds calculator is very simple. Cards from 2 to 6 are worth 1 point, 7 to 9 is worth 0, 10, Jack, King, Queen. As for the ace, it corresponds in particular to 1 point.
Baccarat in Bitcoin casinos
Baccarat or Punto Banco is a fairly old traditional casino game that originated in and was originally written “Baccara”, and “t” was added in English for no apparent reason. Indeed, this game became very popular in the 19th century and has maintained a reputation as a high-class game in many casinos worldwide. And it is through this evolution that we can find it among the various popular games on gaming sites that use Bitcoin.
There are several baccarat options at Bitcoin Casino. The most popular titles are Chemin De Fer Baccarat and Baccarat Punto Banco.
Bitcoin casino bonuses
Bonuses in Bitcoin casinos are very popular, and it is no wonder everyone likes to receive gifts. Bonuses make players feel appreciated and that the casino cares about and remembers them. Bonuses are also a great trick to advertise an online crypto casino and get the attention of as many users as possible. However, the number of different types of bonuses and the rules for their implementation can make you dizzy, and the descriptions often give the impression that they are not meant to be understood. Below, we will introduce you to the topic of basic level bonuses.
There are many types of bonuses, each with a different requirement. We have compiled a list of those you can most often find in Bitcoin casinos.
Welcome bonuses
The first, the most famous and the most caught – the welcome bonus. Almost every online casino offers a welcome bonus. No wonder, after all, this is one of the most effective casino promotions. This bonus can take two forms: a no deposit bonus and a deposit bonus. Players with particular commitments hunt the first, but unfortunately, we meet it the least often. It is worth mentioning that the welcome bonus has a certain advantage over the others, especially from the point of view of a less advanced player. It allows you to test the Bitcoin casino offer, try out the game, or simply learn to bet. There is no better field to learn. Thanks to this, you will not spend your funds in the event of a loss (or you will spend very little of them), and you will learn to navigate the Bitcoin casino and learn the rules of various gambling games.
Deposit bonuses
While not very popular initially, the deposit bonus is one of the most profitable. Why do inexperienced players still avoid this possibility? As the name says, to take advantage of this bonus, you must first deposit some amount, the spreads of which are specified in the terms of the offer. Depending on the terms of the offer, we can receive a percentage from the casino on the amount we have deposited and turn it over to gain as much as possible.
Free spins
Free spins are free “rounds” that you can play on the slots. You can often find free spins in welcome offers and weekly bonuses.
Cashback
Cashback is often part of a welcome or recurring offer. Depending on the terms of your return percentage, you may get back some of the amounts you have lost.
Bonuses for using Bitcoin
Some casinos where cryptocurrencies stand alongside fiat currencies in available means of payment offer a special bonus for using crypto. Such an offer can be in the form of cashback, free spins, or a deposit bonus.
Terms of using bonuses
The offer terms are always clearly stated and should be read before using the bonus funds. The most common ones include:
- Minimum and maximum deposit. This condition determines the spreads, from the lowest to the highest amount you can deposit for a bonus.
- Maximum bonus. The casinos reserve the maximum amount you can win using the selected bonus. Even if you win a larger amount, you will receive the one specified in the offer terms.
- Games available. The terms of some offers also list specific games where you can use the bonus. An example would be free spins that you only use on specific slots.
- Execution date. Bonuses are often limited in time. Check the “expiry date” of a given offer so that you do not forget to use it on time.
- Means of payment. This is all the more important with a bonus like the Bitcoin bonus. If you use any other means of payment, you will not be eligible for the promotion.
Bitcoin fees and limits
Cryptocurrencies incur fewer fees than regular currencies. With some payment methods, the transaction fees are up to 5%, which are then partially passed on to the user. In Bitcoin casinos, on the other hand, transactions are free for the player. However, you may have to deduct at least small fees from your crypto wallet.
Bitcoin alternatives
To withdraw and deposit money into your player account, you can use Bitcoin. However, be aware that there are also alternatives to this payment method. Yes, you have several ways to withdraw money from online casinos at your fingertips.
Skrill
Skrill is one of the payment methods you can use for your various casino transactions. Here, you can deposit and withdraw money without any problem, regardless of your currency. However, financial transactions are carried out in Euros and Dollars. Skrill has a mobile app. So, if you are one of those who use their smartphone to go online, this payment method is for you. You can withdraw money and put it into your player account directly from your phone. The minimum deposit at most gambling sites is 20 euros. For withdrawals to Skrill, it can take up to 3 banking days.
VISA and MasterCard
These are the most used means of payment in online casinos. All gambling sites on our list accept credit/debit cards issued by VISA or MasterCard. Here, you can trade with any currency. Depending on your bank’s exchange rate, these will be converted into dollars or euros.
If you opt for Mastercard and Visa cards, be aware that the minimum deposit in most casinos is 10 euros/dollars. Payments are almost instantaneous, i.e., 1 hour in most cases. However, regarding withdrawals, the delay can range from 6 to 8 days, depending on your bank.
Neteller
Neteller is an electronic wallet. Its operation is somewhat similar to PayPal’s. In other words, it acts as a bridge between your bank account and online sites. However, unlike Bitcoin, you must have an account to use this electronic wallet.
With Neteller, you can fund your casino account without any problem. Also, this payment method can be useful when withdrawing your winnings. Yes, as it is impossible to use Bitcoin, you can turn to Neteller without a problem. With this wallet, you will have your winnings quickly.
Cryptocurrency wallets
As you might have guessed, once you’ve got your first crypto, you’ll have to store it somewhere, preferably safely. This is where wallets come in handy. The case looks complicated for novice investors, so without extension – creme de la creme about portfolios.
How does the Bitcoin wallet work?
As already mentioned, the website bitcoin.org offers various wallets for download. Only if you have such a wallet can the exchange pay you bitcoins.
It is very good that the wallet’s installation is very simple. Finding the wallet that suits your needs is a bit more complex. For this, you should simply take the necessary time to make a wise decision on how the download works, which is described in detail below.
- Select a bitcoin wallet. You start by selecting the wallet. Using the “Choose your wallet” feature, you may select the ideal Bitcoin account for your smartphone or desktop computer.
- Can you view the source code? Depending on the wallet you select, you might also be able to see the source code. This guarantees complete transparency, so you can be sure it is a real application.
- Choose the exchange page. Once the wallet is installed, you can purchase bitcoins via the BTC Exchange Page, also accessible through the wallet website. The most well-known and popular website is the exchange platform bitcoin.ca. Due to the high-security standard, this is also advised without a doubt.
What are Hot Wallet and Cold Wallet?
Let’s start with the most basic division of wallets, i.e., hot and cold.
Cold Wallet is all about offline cryptocurrency storage. Using this type of wallet eliminates the contact of the cryptocurrencies you store with the network and thus reduces the risk of theft. However, it cannot be so beautiful that it is an uncompromisingly perfect solution.
Cold wallet users suffer from the time they have to spend on each separate transaction. We do not hide; when we trade assets in digital form, we would like to forget about the waiting time for receiving funds. In this case, you will remember how traditional banks’ outgoing and incoming sessions work because you will have to wait a bit for your crypto.
Bitcoin casinos and reliability
The online casino market has benefited from the coronavirus pandemic in recent times. The more time we had to spend at home, the more players became interested in online alternatives to poker, slots and other gambling games. As the size of the general online casino market can be determined, it is almost impossible for bitcoin casinos. Nothing is wrong with that; the problem only concerns imprecise qualifications. However, this understatement raises further questions that players want to know the answers to, if only for their safety.
Bitcoin casinos are regulated in the same way as traditional online casinos. Most of them have a Curacao license, and as we all know, its honesty is beyond doubt. Some specialists see some of the features typical of crypto casinos as disadvantages. One of them is anonymity. For some, this aspect of Bitcoin gambling offers a wider scope for potential fraud. But let’s face it, if someone tries to cheat us, they will do it anyway and anonymity will not help or hinder this process. We can take the anonymity of Bitcoin casinos as an advantage; after all, we don’t have to enter your details on the internet when registering.
Let’s be honest: if you want to find a hole all over, you’ll find it. However, remember that the security aspects are identical for online and Bitcoin casinos. So, to find a good crypto casino, check the license, other players’ opinions, game offers, payment options, and customer service.
Final thoughts on Bitcoin casinos
As the price of cryptocurrencies rises, so does their popularity. This is something that gaming companies are well aware of, which is why they keep launching new Bitcoin casinos. Some of the best BTC casinos have already increased their selection of slot machines and can now compete with established brands.
It won’t be long before more traditional casinos start jumping on the cryptocurrency bandwagon. We’ve had excellent experiences with some Bitcoin casinos in particular. The first deposit welcome bonus of up to 5BTC is great, and security has been given a lot of attention, too; customer monies are secure and can be paid out at any moment when necessary documentation has been delivered thanks to the casino’s Curacao license.
We’ll update our list of top Bitcoin casinos daily and keep you informed here; this way, you can explore different options, place cryptocurrency bets, and enjoy the best gaming experience possible.
