Who knew back in 2008 that the idea of internet-based currency by Satoshi Nakamoto would draw the attention of the entire world? Bitcoin, to date, remains to be the most successful cryptocurrency, even with the frequent ups and downs.
In the aftermath of the consensus mechanism, widely known as Blockchain, transactions via Bitcoin became legit and valid in many jurisdictions. With that, individuals started trusting Cryptocurrencies, and the value per bitcoin escalated considerably.
Not only that, the number of digital portals that allowed cryptocurrency as a payment option also increased. Generally, these portals were major companies, including Microsoft and AT&T.
But, what really made the headline was when a digital gambling platform incorporated Bitcoin in their deposit and withdrawal methods.
And ever since, the amalgamation of Bitcoin and online casinos has been a huge success. In this post, we will cover everything there is to know about bitcoin casinos and what are the best bitcoin casinos in the industry.
What is a Bitcoin Casino?
In simple terms, Bitcoin Casino is a digital gambling platform that allows deposits and withdrawals via cryptocurrencies.
While there are many casinos that allow the same, Bitcoin Casinos rely heavily on cryptos. For instance, a regular online casino has credit/debit cards, E-wallets, and maybe crypto in their payment options. On the flip side, Bitcoin Casinos have a range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Dogecoin.
On top of that, there are many dissimilarities between a regular and a Bitcoin casino (more information further in this article).
First and foremost, the range of slot games at a Crypto Casino is specifically produced in order to be more suitable for crypto-fanatics. Bitcoin Casinos have a dedicated section for crypto slot games.
Not only that, but some platforms are so crypto-oriented that they not only allow gamblers to play via digital currencies but also let them purchase them. So while you are in a crypto-based casino, you can immediately begin your journey by purchasing a digital currency without needing to visit a third-party wallet.
Advantages and disadvantages of a Bitcoin Casino
Before you buy into the idea of Bitcoin Casino, you should first weigh the pros and cons. The decision to invest your money via either a traditional payment option or digital currency should always be well calculated. Online casino games might appeal to you; considering the big jackpot amounts people win these days, there are still a lot of chances that you could drain your money.
Especially when you are trying out something, like a Bitcoin Casino, the risk of losing money can be higher if you don't know how it works.
After a detailed study, our experts have listed the pros and cons of playing at an online Bitcoin casino; take a look and make an informed decision.
Pros
Fast Transactions
Most gamblers opt for Bitcoin Casinos because of this thing. Although online casinos have come a long way, withdrawal time is something gamblers are annoyed about. Traditional payment options can take up to 3 to 4 working days for money to reflect in your bank account. Whereas E-wallets are a better option, they still take approximately 2 to 3 working days. And to be honest, gamblers are generally impatient. On the flip side, making withdrawal via cryptocurrencies is way quicker.
First of all, the casino will accept your withdrawal request immediately. Meaning the moment you request to cash out your winnings, the casino will process the payment right away. Following that, you can receive your winnings within 24 hours.
Privacy
The level of security at a casino plays an important role. While casinos add SSL encryption and many other safeguards to ensure your personal and financial information is safe, it somehow gets manipulated. Now you don't want a third-party site to have your financial information; it's a big threat. However, if you play using cryptocurrencies, your financial information is never revealed to the casino. Instead, you pay using a wallet. Therefore, the information remains secured with the crypto wallet company.
On top of that, no one will see your transactions. If you don't know your close ones to know that you gamble, crypto is the best to hide it. It won't show up in your bank statements either.
Extra Perks
Receiving extra perks is the biggest advantage of playing at a crypto casino. The platforms make specialized bonuses for gamblers who make deposits via cryptocurrency. For instance, there could be two welcome packages, one for standard customers and the other for crypto users. The difference between the two offers can be significant. Online casinos tend to treat crypto users with better deals. So if you make a deposit using Bitcoin or any other digital currency, you can bank a sizable bitcoin welcome bonus. Not only that, after the new player bonuses, once you have started regularly wagering, the casino may give you customized bonuses that are way better than the standard.
Cons
Invalid License
Despite the fact that it's impossible for an online casino to come to the surface without a license, a few crypto casinos are able to execute gambling activities without a valid license. Also, the fact that there are so many Bitcoin casinos nowadays it is hard to rectify between a legit and a scam platform. So this is one of the disadvantages we feel come with playing at Bitcoin casinos. But to avoid such mistakes, you can head to the footer section of the website to check the registration and license number of the casino. In case there is no such information, avoid that platform.
Volatility
The fluctuation in the value of cryptos plays a significant role in how much you will be benefiting at a Bitcoin Casino. Let's say the time you deposited at a casino using a certain crypto, the value was $3 per coin. Now during the gameplay, the prices fluctuated and decreased to $1. So when you make a withdrawal from the casino and convert the crypto into real money, the conversion rate will be low.
When did the first Bitcoin Casino launch?
Online casinos have been around for more than 2 decades now. But since Crypto emerged in 2008, online casino payment pages mainly contained traditional payment options such as debit/credit card or wire transfer. But once the concept of digital currency became widely known - along with many other online portals, online casinos also started covering them.
But does anyone know which was the first casino that was created entirely on Bitcoin or any other crypto?
According to reports, in 2014, Bitcasino io was the first ever licensed crypto casino in the world. The brand is owned by Moon Technologies BLtd, a company that operates casinos under the license of the Government of Curacao.
You can check out the latest Bitcoin bonus codes from Bitcasino on our platform. Also, we have comprehensively reviewed Bitcasino io, so make sure to check that out.
Are Bitcoin casinos any different from regular casinos?
If truth be told, there is no major difference between regular and Bitcoin Casinos. Both operate the same and offer similar casino games from the same software providers. The only difference is in the payment methods. Regular casinos have various options, including credit/debit cards, wire transfers, and popular E-wallets (like Skrill and Neteller).
Whereas Bitcoin Casinos include the top cryptocurrencies. On top of that, Bitcoin brands process withdrawals faster due to the fact that the payment is received and credited to the digital wallet. From where you can further convert the winnings into real cash.
There is also one more concept that's becoming popular day by day, a mix of regular and Bitcoin casinos. Such brands have all the payment options, including bank transfers and cryptos. They also have separate bonuses for standard customers and crypto users.
So if you are someone who is new to the concept of Bitcoin casinos, we advise you to play at a brand that is partially a standard and crypto casino. After you have understood the ins and outs of such brands, move to only-crypto accepted casinos.
Why is playing at a Bitcoin Casino a better option in 2023?
Now is the time you should start incorporating cryptocurrencies into your gambling career. The technology has advanced tremendously, and so have the advancements in the blockchain. Every transaction is now legit, with valid records.
On top of that, earlier, there were a few online casinos that accepted cryptocurrency, but now, you have a bunch of options. Information on each Bitcoin casino is available on multiple renowned platforms. Therefore, you can evaluate the facts by checking the casino's software provider, license, and games.
Overall, we can say that Bitcoin casinos are legit and safe to gamble. To further help you, here are a few reasons why you should immediately start playing at the top Bitcoin Casino.
- Higher limits on withdrawals. We have discussed above how fast the withdrawals are if you pick crypto as your payment option. What we didn't mention was that your withdrawal limits are also higher than standard payment options. While other gamblers have to have a higher VIP level to get increased limits, you're already there.
- Better reach to casinos. No doubt that online gambling has become popular, and most countries do allow their citizens to indulge in online gambling activities. That's a different story, though. In case when you want to play at a particular online casino but the brand does not accept customers from your jurisdiction, crypto is really helpful at that time. Because of the digital wallet or blockchain, it does not matter where you reside. You can create an account and make deposits and withdrawals via crypto hassle-free.
- No chance of your information being leaked. One of the many advantages of using crypto is that you don't have to reveal your personal information. Therefore, when you play at a Bitcoin casino, you only need to provide the information required during sign-up. Other than that, while making the deposit, you don't need to give in your financial bank details.
How to find a legit crypto casino?
Although there are multiple ways you can find an online casino, they may not work while identifying a legit Bitcoin Casino. What you can do is, note down the following tactics to make sure you don't end up on a fraud platform. Remind you that making a deposit at some run-of-the-mill can cost you the entire winnings you generated. So always ensure to have a pre-check list before creating an account and making the deposit.
- Check the gambling license. This should be your top priority while looking for the Bitcoin Casino. Make sure that the brand has a valid license from a legit authority such as Curacao and Malta Gaming. To check the license of a casino, head to the website's footer section. If the casino has mentioned the license logo, click that tab to learn about its registration and license number. In the case where you are unable to find the license, check who operates the casino. Sometimes, the operator has a license from the authority to launch multiple online casinos.
- Check third-party auditor certificates. RNG casino games are reliable only when they are provided by top software companies. Otherwise, make sure to check if the brand has a certificate from a third-party auditor. If they do, it's likely that all the RNG games on the website are legit and fair.
- Do a background check. The online gambling industry is flooded by new entrants that actually don't stay in the operation for too long. So before you create an account, make sure to do the background check, learn about when it was launched, who operates the casino, and when did they get the license. Knowing the operator will help you know if the brand is handled by a professional team or not. On top of that, check if the casino's sister sites are doing well; if the other brands from the same operator are failing, then maybe you should avoid it.
- Check the software providers. The software companies that the casino has collaborated with play an important role. If the bitcoin casino you are evaluating has partnered with industry-leading companies such as Netent, Bgaming, and Pragmatic Play, then it's probably a legit gambling site.
How to get started at a Crypto Casino?
Go through these easy instructions and get started at a top Bitcoin casino hassle-free. Make sure that before filling out the registration form, you have all the valid details, including email address, mobile number, postal address, and financial information.
Select a casino
On top of this, we have listed some of the best online Bitcoin Casinos in the industry that have a valid license, games from leading software companies, and a range of crypto payment options. Find the ones that suit you and click the 'Visit Site' button to proceed.
Complete the registration form
Once you land on the homepage of the website, click the 'Sign up' button, generally available in the top right corner of the homepage. The registration form will display on your screen - fill in the information required and complete the form.
Make a deposit
Once you are logged in to your account, navigate to the deposit page and pick a suitable crypto payment option. Enter your deposit wallet address and the amount you wish to deposit. Follow the instructions on the screen to complete the transaction.
Which are the best bitcoin Casinos?
Because the concept of Bitcoin casinos is still hot off the press, and new additions are being made daily, the pioneer in the field has the advantage of being on the top. Meaning crypto casinos that launched earlier, around 2014 to 2018, most of them are considered to be one of the best in the industry today. They don't only rank higher in reliability; gamblers also trust these brands for simply being in the business for a long time.
However, if you are someone who is not only new to Bitcoin casinos but also online gambling in general, there is no way you can filter out the best Bitcoin casinos by yourself. Platforms like Casino Leader find legit and reliable online casinos to reduce your legwork. So whenever you are in the state of playing at a Bitcoin casino, come to this page and start right away.
You can also read our unbiased reviews on Bitcoin casinos as they help you determine whether the brand fits your expectations. For more information on bonus codes, check the promotion guide.
Top fiat online casinos that accept cryptos
Just because you want to try playing with cryptocurrencies one time does not mean you should sign up at a Bitcoin casino. What you can do instead is sign up at a top-rated fiat casino that also takes cryptos. And trust us; there is no shortage of such platforms.
The reason why you will find fiat casinos that take crypto in abundance is that these platforms later realized the need for crypto on their payment page. So instead of launching a new casino, these brands started shifting toward crypto payment options. On top of that, although Bitcoin casinos are considered to be big brands, none of them ever made it to the top 5 online casinos. So if you sign up at a fiat-cum-bitcoin casino, you have the option to pick the best in the game.
Moreover, you don't only get to play at the top casino, with a wider selection of casino games from the best providers; you also have access to unique features like fast withdrawals, safer transactions, and better withdrawal limits. Along with that, the casino may offer you a specialized crypto bonus, which will uptick your casino balance considerably.
Another advantage of a fiat-cum-crypto casino is that you still have privacy and security. Every transaction you make at the casino, deposit or withdrawal, will be recorded on the blockchain, making it difficult for any third-party site to manipulate it.
Bitcoin Casino bonus codes that you should not miss out on
Now that we have covered almost everything there is to know about Bitcoin casinos - let's cover the sections which are specifically made by the casino to help you, such as bonuses and promotions. If you want your crypto to stretch far and give you the best possible return, don't miss out on these bonus codes.
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No deposit bonus
If the Bitcoin casino you have registered at offers a no deposit bonus, do not miss out on it. This is the best possible way you can start your journey at an online casino. First of all, you don't have to use your own money to claim it. Simply redeem the code and get bonus credits or free spins. Following that, you can start playing and wager the winnings to make a withdrawal using a suitable crypto payment option.
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Welcome Bonus
In most Bitcoin casinos, there are two different welcome bonuses. One can be claimed using fiat currency and the other via crypto. So ensure that before you make your first deposit, you opt-in for the welcome bonus. Generally, the crypto bonuses are better than the fiat bonuses; they have more sizable bonuses with lower wagering requirements.
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Highroller Bonus
If you have a sizable crypto bankroll, get this deal to receive a bigger bonus. Highroller bonuses are usually available at bitcoin casinos, so get the bonus right after the registration or once you have wagered the welcome bonus.
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Free spins no deposit bonus
Another type of free money deal, free spins no deposit bonus, is the most exciting bitcoin casino bonus. You can get a set of spins in exchange for nothing. No deposit is required; spins will be credited right after the signup. Play the predetermined game and wager the winnings on your favorite casino game.
Best Bitcoin casino games
Learn about the most popular Bitcoin casino games that you should play to accumulate big winnings. Below we have mentioned the casino games which you will easily find at any Bitcoin casino.
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Jackpot Slots
Want to see your crypto get multiplied by some insane number? Jackpot slot games will give you the chance to strike gold in no time. Especially when gambling with crypto, jackpot games should be your top priority. Because when someone with fiat currency wins the jackpot, they always have trouble cashing out such big amounts. But you, on the other hand, have the advantage of higher withdrawal limits.
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Crash Games
Still, a new concept, crash games are exciting and will surely bring you to the edge of your seat. The way it works is that after you select the bet amount, the multiplier starts, and if you cash out before the plane crashes, you will win the amount multiplied by your bet. So the next time you are playing at a Bitcoin casino, make sure to try out the crash games.
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Baccarat
A Bitcoin casino card game in which you can place bets on a banker or the player, the one who has the closest hand to nine, wins. At a Bitcoin casino, you can play baccarat with cryptocurrencies. While there is no specific advantage of playing baccarat with crypto, you can surely enjoy these RNG games to get some winnings.
What cryptos can I play with at Bitcoin Casinos?
If you sign up at one of the best Bitcoin casinos, the following are the cryptocurrencies you can choose from -
- Bitcoin
- Ethereum
- Litecoin
- Dogecoin
- USDT
- Tether
Depending on the brand, you may have more options than the above cryptos. But these are the most common ones that you will find at almost every Bitcoin casino.
Mobile Bitcoin Casino Apps
Online casino websites are just getting better and better. They are well-optimized for small-screen devices, including the tab. From anywhere and on any device, you can access your casino account by just entering the email address and password. This has increased not only the average time gamblers spend betting but also the average bet size. Moreover, crypto casinos are even better because some platforms allow their users to purchase crypto; the casinos have a dedicated app for mobile devices for better user experience.
So if you are someone who is mostly into remote gambling (playing from a mobile device), then make sure to find a crypto casino that has an app.
How to cash out winnings from a Bitcoin Casino and convert them into real money?
Similar to any online casino, Bitcoin casinos also impose restrictions on bonuses and promotions, which you must fulfill if you want to be eligible for a withdrawal. In case you did not redeem any bonus code, then all your winnings will be in the form of a real cash balance and can be withdrawn right away. Either way, here are some instructions on how you can cash out from a Bitcoin casino and convert the digital currency into cash.
Firstly, if you have a bonus, make sure that you have completed the wagering requirements. After that, depending on the platform, you can withdraw the amount that does exceed the maximum winnings. On the flip side, if you did not claim the bonus, simply enter the entire winnings for the withdrawal request.
Head to the cashier section of the casino, pick a suitable crypto payment option and make a withdrawal request. Following that, the money will be credited to your crypto wallet app. Then in the wallet app, you can convert the digital into fiat currency.
Is Bitcoin gambling safe?
In our opinion, the answer to this question is definitely a strong yes. Bitcoin gambling has been around for a while now, and there don't seem to be any complications. First of all, it's legal. So as long as you play responsibly, you'll never get yourself into any kind of trouble.
On top of this, Bitcoin gambling saves your personal and financial information from any third-party threat. In online casinos nowadays, the most common issue is the theft of data, but since you don't give any personal or banking information at Bitcoin casino, you are safe, and perhaps, so is your data.
To further safeguard your information, make sure you sign up at a Bitcoin Casino that has SSL encrypted all their pages. Also, if you are someone who makes impulsive decisions and bets an insane amount every now and then, pick a casino with self-exclusion tools that allow you to set deposit and gambling limits. You definitely don't want to stain your gambling career with a massive loss.