Bitcoin

Bitcoin – Key Details

Established 2009
Bitcoin's White Paper Bitcoin: A Peer – to – Peer Electronic Cash System
White Paper Author/Developer Satoshi Nakamoto
Type of Currency Cryptocurrency/Digital Currency
Currency Code XBT
Unit Name BTC
List Of Online Casino Sites That Accept Bitcoin
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What is Bitcoin and how does it works?

Bitcoin is a form of electronic cash or cryptocurrency which is decentralized digital currency making possible instant real money transactions across borders. Headed by a single administrator, Bitcoin cryptocurrency can be transferred from peer – to – peer (from one user to another) without the need of any middlemen.Thisdirectly implies that every single transaction done is fully verified via cryptographical nodes. Bitcoin was created in 2008 by a White Paper authored by Satoshi Nakamoto. It was called 'Bitcoin: A Peer – to Peer Electronic Cash System' and this paper implemented the Bitcoin software in 2009 as an open – source code.

Working

  • Getting Started with Bitcoin: After installing Bitcoin onto your PC/mobile, your Bitcoin address(s) will be generated. These address(s) work just like an email but Bitcoin addresses are for one time use only for making payments.
  • Bitcoin Wallet Balances – Block Chain: Bitcoin wallet transactions depend upon the shared public ledger i.e. Blockchain. Every detail of the payments done via Bitcoins is recorded in Blockchain so that bitcoins are spent only once. This is what makes Bitcoin a very fast and reliable payment method where all the real time transactions are locked in Block Chain.
  • Bitcoin Private KeyTransactions and Mining: Private Keys used in Bitcoin wallets refer to the the transfer of Bitcoins between wallets and these transactions gets locked in the Block Chain. Any pending transaction are confirmed within 15 – 20 minutes and are included in the Block Chain through a process called Mining.

How to get Bitcoins?

Like its other banking counterparts, Bitcoin has wallets which can be used to keep a complete record of transactions done for playing online slots/pokies, live casino table games, Video Poker etc. Bonuses and promotional offers at online Bitcoin Casinos are nothing less than a delight for all the players out there. From No Deposit Bonus Offers to Free Spins to Match Deposit Bonuses, Bitcoin Casinos are making sure they don't miss out on anything that other online gambling sites without Bitcoin are offering to its customers.

Bitcoin Cash (BCH) is the top – rated crypto currency in today's day and age. It is now accepted at online casinos as well. In a matter of few simple steps, players can start off using Bitcoin Cash in no time. Follow the steps given below to begin your journey with Bitcoin Wallets:

Download any Bitcoin Wallet

To start using a Bitcoin Wallet, users first need to download a Bitcoin Wallet with one or more Bitcoin addresses. Different Bitcoin Wallets are available for downloading from Apple App Store, Google Play, Android APK, MacOS, Windows and Linux. This wallet is an app using which users can send and receive Bitcoin Cash (BCH). Every other wallet/app has a 'BCH Transactions History' feature, from where users can keep a track of all their transactions made.

bitcoin-wallet

Add money in Bitcoin Wallet using Credit Card or PayPal

Users can now add some amount in their downloaded Bitcoin Wallet. Use your VISA or Mastercard credit cards or PayPal to buy Bitcoin Core (BTC) or Bitcoin Cash (BCH) to buy Bitcoin. A linked bank account can also be used to add cash into your Bitcoin Wallet. Users can also get their depositing currency exchanged to Bitcoins with just a click, no matter where they are in the world.

Make Real Money Transactions using Bitcoin to Play Games

Having Bitcoins to make transactions implies that the player/user has access to both 'Public Keys' (Bitcoin Addresses) and 'Private Keys' (passwords). Using a Bitcoin Wallet, users can not only play various online casino games but they can also send and receive BCH.

A list of the most famous Bitcoin wallets is mentioned in the table given below:

Best Bitcoin Wallet / App

Operating Systems / Devices Wallets
Desktop Bitcoin Knots, Bitcoin Core, Bither, Electrum, mSIGNA, Armory, Wasabi, BitPay, Green Address
Hardware Trezor, BitBox, KeepKey, Ledger Nano S
Android Bitcoin Wallet, Bither, BitPay, BRD, BTC.com, Coin.Space, Eclair Mobile, Edge, Electrum, GreenBits, Mycelium
iOS Bither, BitPay, BRD, BTC.com, Coin.Space, Edge, Green Address
Windows Phone Coin.Space
Web BitGo, BTC.com, Coin.Space

How To Buy Bitcoin?

There are 3 main ways to buy Bitcoin. These are as follows:

Using Bitcoin Exchange

There are numerous places from where players can buy Bitcoin and exchange it for other currencies. International Bitcoin Exchanges provide for a safe and secure environment where players can readily choose a Bitcoin Wallet/App of their choice. Coinbase, Bitstamp, Coinmama and Kraken are some prominent Bitcoin Exchanges used internationally.

By Browsing a P2P Directory

Browsing through a list of Peer – to – Peer Directory will present you with numerous Bitcoin sellers and at almost every seller, there are reviews and feedbacks given so as to ease the players in making a choice. Bisq, Paxful, Hodl Hodl, Local Bitcoins, BitQuick are some of the P2P Directories.

Using a Bitcoin ATM

Users can always visit a local Bitcoin ATM using the Coin ATM Radar which will provide them with the option of buying Bitcoin while being anywhere in the world. Cryptoradars can be used for making price, features and fees comparisons.

How to make Deposits and Withdrawals at an Online Bitcoin Casino?

Once you have gone through Bitcoin casino list, compared Bitcoin casino reviews & picked your site all that left is the deposit and wagering. Play the various online casino games using Bitcoin and then after having a winning spell on BTC games, players can withdraw their winning amount instantly. But, it is very important for you to follow the correct procedure so that your Bitcoin Casino gambling experience is worth it. Deposits and withdrawal at an online real money casino needs you to first register yourself. Steps to make casino deposits online are simple and are as follows:

  • Sign-up or register with the selected Bitcoin Wallet by providing details needed for account creation, such as user name, password, email, address, etc.
  • Visit the cashier or banking page of the website.
  • Select Bitcoin among the given options for making online casino deposits.
  • Using your Bitcoin Wallet Public Address, you can now transfer credits for your first casino deposit.
  • With your Bitcoin wallet synced with the selected casino, you are now ready to pick your favorite online casino game & wager your way to a good gaming experience.

Steps to make Bitcoin Casino Deposits

bitcoin-wallet
  • Signup at a Bitcoin Accepting Casino – The first step calls for registering at your favorite online casino accepting Bitcoin.
  • Choose your Wallet- Every Bitcoin accepting casino gives you a chance to choose a wallet for keeping your bitcoins.
  • Buy Bitcoin- Next, you need to buy bitcoins from the Bitcoin Exchanges available at the casino you are playing at.
  • Select Bitcoin from Casino Banking Section – After purchasing Bitcoins, login to your real money account at the Bitcoin – accepting casino you have registered at. Head to the 'Banking' section and choose 'Bitcoin' as your payment method.
  • Make a Deposit- Post selecting Bitcoin, simply make a deposit to the casino by entering the amount of BTC and the casino's wallet address with the scanned QR code you'd receive on getting the wallet.

Steps to Withdraw Bitcoin Casino Bonus Winnings

  • The first step to withdraw your winnings is the same as the first step for making a deposit. Therefore, you need to have a Bitcoin wallet prior to withdrawing your winnings.
  • Next you need to visit the 'Withdrawal' tab and enter your Bitcoin Wallet address and the amount of bonus winnings you want to withdraw.
  • Cash out your Bitcoin bonus winnings anytime. They can be withdrawn either from the bank or by using a Bitcoin Exchange.
  • Unlike bank transfers or credit card withdrawals, Bitcoin withdrawals need no documentation or approval formalities, thus all Bitcoin transactions are instant. Any delay is often in regards to an issue at casino’s end.

BitStarz – An Award Winning Online Bitcoin Casino from Australia

Bitstarz Casino has gained much repute for providing a fine and decent online gambling experience to all its new and existing customers. Rated as the best online casino site, accepting not only Bitcoin and Bitcoin Cash but other cryptocurrencies as well such as Ethereum, Litecoin, Dogecoin. With many popular online and live casino games in its kitty, real money players will put their best foot forward by signing up at Bitstarz Casino. Given below are some highlights of this Australian gambling site:

  • First Online Bitcoin Gambling Site
  • 1800+ casino games: free online slots, live casino Bitcoin (BTC) games
  • Progressive Jackpot Slots paying out in millions
  • Faster withdrawals – average cashouts time is 10 minutes
  • Speedy verification of player's documents

Bitcoin Casino Games

Playing varied online casino games with Bitcoins might be a new thing for all the gamblers around the world because generally we see most of the casinos using credit/debit cards, e – wallets as their payment methods. There are few if not many online casinos which have brought Bitcoin Core and Bitcoin Cash into the gambling arena. Players just need to deposit real cash funds into their Bitcoin wallet/app and they're good to go straight to the real time gaming window.

All the Bitcoin Casinos present various online and live dealer games which are all 'Provably Fair' implying that players can verify the fairness of outcomes using cryptographics. Players can wager Bitcoin Cash Credits on free online slots/pokies, roulette, blackjack, video poker, online poker, keno, BTC dice etc and win BCH in return. An option of exchanging Bitcoins to other currencies like US$, GBP, Euro etc is also available at every other Bitcoin accepted casino.

Let us now unveil which online and live table/card games can be played at almost every casino supporting Bitcoin as a deposit/withdrawal method.

What type of Bonus and Promotions does online Bitcoin Casinos provide?

Almost every Bitcoin accepted online casino provides some of the best bonus offers to all its new and existing customers. Players just need to register at their favorite casino site and they can opt in to grab whooping promotional offers either for free or by making a minimum deposit. One more thing to be noted is, since Bitcoin accepted casinos are very popular in the USA and Australia, therefore some special bonuses might be reserved at these casinos exclusively for the US and Australian players. To know which bonuses Bitcoin Casino players are awarded with, please read the following text:

Free Spins

Bitcoin Casino Free Spins No Deposit Bonus

Once players sign up at a Bitcoin Casino which provides a free registration bonus, they can head straight to the 'My Account' section to check if a free no deposit bonus in the form of Free Spins or a general bonus amount to start playing has been credited or not. So, with no deposit required to be made, new players can start playing slots, table games etc.

Welcome Bonus

Sign Up Bonus Offers at Bitcoin Casino

Every online Bitcoin Casino surely provides for some Welcome Offer for all the new real money account holders at their site. This New Player Bonus might include a Free Bonus Spins offer or some match deposit bonus credited upon placing a minimum stake. A Bonus/Promo Code might or might not be required to receive your New Player Welcome Bonus.

Bonus and offers

Bitcoin Casino Reload Bonus

To fuel your account balance at any crypto casino, existing players can make a deposit using Bitcoin as their payment method. Redeem Promo Codes if any alongside making a deposit and instant Reload Bonus will be credited to player's real money account.

Instant Funding

Match Deposit Bonuses at Bitcoin Casino

Online Bitcoin Casinos also offer match bonuses of 100%, 200% or 500% upon making a qualifying deposit. Players just got to redeem the eligible Promo/Coupon Codes before making a deposit and a bonus matching the deposited amount will be credited instantly.

Refer a Friend

Bitcoin Casino Refer a Friend Bonus

Well, if you are at a Bitcoin accepted casino site, then you can also refer your friends to join the casino and for this referral, the casino will award you with Refer a Friend Bonus just after your friend makes a first time deposit.

Low Fee

Bitcoin Casino Instant Cashback Bonus

Online gambling with Bitcoin can also make you win Cashback Bonus rewards on any losses incurred by the players registered at any Bitcoin Casino. BTC casinos offer generous bonuses to all its players making Bitcoin transactions. So depositing using Bitcoins can be quite a lucrative deal for all the online gamblers.

Ongoing Offers

High Roller Bonus Offers at Bitcoin Casino

Online Bitcoin Casinos have been offering High Roller Bonuses off late. The new and existing customers at Bitcoin accepted casinos can make a deposit to grab their High Roller Bonus offer. Logged in players can check the redeemable Promo Codes and wagering requirements applicable to withdraw winnings.

Vip treatment

Loyalty and VIP Program at Bitcoin Casino

More playing and buying Bitcoins will obviously make a player loyal towards the casino and hence, loyalty rewards will be given off to such players. The loyal players will also become eligible for entering the casino's VIP Club which directly implies more benefits and bonuses on redeeming Comp/Loyalty Points at a BTC casino.

Bitcoin Casino Gambling Vs Traditional Casino Gaming

While reviews of most of the online Bitcoin casinos might come out similar to a traditional online casino when we draw a comparison between the two. However, Bitcoin gambling seems more fruitful and one which any gambler would love to explore, more so because crypto – currencies have gained much precedence off late and are being seen as ones which are much ahead of their time. Among all the cryptocurrency networks, Bitcoin is a legit network which scores high points over the traditional online casinos.

Here are top reasons why you should use Bitcoin to gamble at online casinos:

Bitcoin Casino Transfers are Quick & Secure

Bitcoin crypto currency transfers by third party or banking institutions makes it a secure transacting option for casino players. All you need to do is keep your Private Keys (passwords) secure at your end. Also unlike Credit Cards or Bankwire, Bitcoin deposits and withdrawals need no document verification and fund transfers have a processing time of 2-3 business days. Thus, Bitcoin casino transfers are more direct, instant and secure than other banking options as listed online at the casino cashier page.

Credit Transfers from Other Bitcoin Wallets

Best part about an online Bitcoin wallet is that it is open to all Bitcoin buyers and purchasers with the public address which means one Bitcoin casino player can any day seek credit transfers from another Bitcoin account holder. So when you are in urgent need of funds, instead of buying new credits for your Bitcoin wallet you could always get cash transferred from another Bitcoin pal, and he or she does not need to have an account with your casino. Instant peer to peer credit transfer means no slowdown in your casino gaming intensity.

Zero Bitcoin Casino Fee for Fund Transfer

Most of the credit/debit cards and even e – wallets like Paypal or Skrill etc apply a small transaction fee for deposits or fund withdrawals. Biggest advantage of making Bitcoin payments in an online casino is that, there is no fee for any credit transfer. Even if a casino does places a fee for Bitcoin transfers it is largely same for any amount, so whether you deposit or withdraw 1 Bitcoin or 100 Bitcoins, the fee is zero or same depending upon your selected online Bitcoin Casino.

Bitcoin Casino Gambling Offers Privacy

With no Credit Card verification, no forms, no bank account number involved, Bitcoin transfers allow a liberty of using alias name or alias identity for playing casino games online for as long as you want. So those who wish to keep their personal and gambling life separate, Bitcoin lets them use an alias username, wager easily, collect winnings swiftly and all this can be done without putting their identity online for others to see.

Frequently Asked Questions

How to buy / get Bitcoins with PayPal Virwox?

Follow the steps given below to purchase buy Bitcoin Crypto currency using PayPal:

  • Navigate to Virwox website and signup for free.
  • On Virwox Bitcoin Exchange, make a deposit in USD/EUR using PayPal.
  • You can also purchase Second Life Lindens (SLL) using your playing currency.
  • With having SLL (virtual world currency) in your account balance, you can buy Bitcoins.
  • Now you can withdraw Bitcoins and transfer it your selected Bitcoin Wallet.

How to buy / get Bitcoins with PayPal Coinbase?

  • Download Coinbase onto your Apple App Store or Google Play Store.
  • Signup for free at Coinbase.
  • Now connect your bank account with Coinbase.
  • Make a deposit by choosing PayPal as your payment method.
  • Hit the 'Buy/Sell' Bitcoin button to start with your first Bitcoin payment.

Is it safe and legal to gamble with Bitcoin?

  • Bitcoin is safe: Gambling is possibly safe and secure with Bitcoins if users follow some security tips such as maintaining secrecy about Bitcoin Private Key, passwords etc. Otherwise, almost every Bitcoin Exchange maintains high security standards so that players can convert their currency to Bitcoin or buy/sell Bitcoin without a worry.
  • Bitcoin is legal: In many territories around the world, Bitcoin is legal. However, 8 states have banned Bitcoin gambling. In order to start online gambling with Bitcoin, players are required to check the gambling regulations of their respective nation state as these may differ from one country to another.

Is online gambling with Bitcoin legal in the USA?

As per the USA Department of Justice, not all online betting/gambling is illegal in the States. As for now, online gambling has been declared legal in the states of Nevada, Delaware and New Jersey which clearly means that using Bitcoin to gamble online is also legally accepted but only in these states. Other regions in the USA might confirm this legality in the times to come.

Which are the top Bitcoin Casinos in USA and Australia?

ManyonlineBitcoin gambling casinos are among the top – rated casinos in the USA and Australia. At Casinoleader, we provide the reviews and bonus details of the most favored Bitcoin online casinos in the USA and Australia. These are:

Does online Bitcoin Casinos have a mobile gambling app?

Yes, nowadays almost every thing is becoming available with a click of your finger tip and this applies to online Bitcoin casinos as well. Most of the Bitcoin Casino sites are now compatible with Android mobile, iOS, tablets etc. and some also provide an exclusive mobile gambling app. These casinos are available with their respective mobile versions: Slots.lv Casino, Bovada Casino, Joe Fortune Casino, Cafe Casino, Ignition Casino etc. while BitStarz Casino has a mobile casino app which is available at player's mobile web browser with no download required to be done.

What type of online and live dealer games are available at any Bitcoin Casino?

Be it any online casino, it is sure to have a varied range of very engaging online and live dealer games available to all the desktop and mobile users. Likewise casinos which accept Bitcoin as one of the payment methods also provide numerous casino Slots, Live Blackjack and Live Roulette tables. Dice, Craps, Keno, Video Poker, Online Poker are also in the gaming list of BTC casinos. King Billy Casino, BitStarz Casino,Vegas Crest Casino and many such online Bitcoin casinos provide for 'Provably Fair' games.

What makes any online Bitcoin Casino the best Crypto Casino to play at?

  • Decentralized Digital Currency: Bitcoin is a globally accepted crypto – currency network where users can purchase Bitcoins from any of the trusted Bitcoin Exchange.
  • Bitcoin Cryptocurrency is Safe: This crypto currency network has a very censored algorithm which is called as proof – of – work (PoW). This implies that any third person cannot block your monetary transactions.
  • Bitcoin is Deflationary: Since Bitcoin usage is only a recent phenomenon which makes it very insufficient and deflationary as these are generated at a very predictable rate.
  • Bitcoin gives Economic Freedom: Bitcoin Cryptocurrency provides economic freedom implying that what the user invests comes back to them and it does not gets stored with any bank or government.

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