The number of casino players who choose to fund their account using Bitcoins are given many incentives to do so. This payment method is growing steady and becoming a favorite and for good reasons. The number one reason why players and casinos are switching to Bitcoins is because they can make faster and safer payments over the internet; free of any charges. It’s really simple to use and we will show you exactly what you need to know.
It can be a boring task to look through the casinos online to find one that takes Bitcoin if this is your preferred payment method. The good news is that you don’t need to do this as we have done it for you! We have listed all those that accept payments via Bitcoin as well as a full review of each.
A few years, hardly any online sites, let alone online casinos, offered Bitcoin as a payment method. This has started to change however and now there are a number of good quality and trustworthy casinos that offer Bitcoin as a way to deposit and withdraw.
You will find some online casinos give players who deposit with Bitcoin a bonus which is unavailable to any other players. Keep an eye out for these if you like having a bit extra to play with each time you deposit. All recommended Bitcoin casinos offer a full range of casino games such as slots, blackjack, roulette and video poker.
Why use Bitcoin?
• Bitcoin casinos offer you the chance to be in control of your bankroll.
• Transactions via Bitcoin are generally a lot faster than by other methods such as credit/debit cards
• Bitcoin allows you to play anonymously, casinos don’t get details of your bank, credit/debit card etc meaning online transactions are considered much more secure and less open to identity theft
• Many Bitcoin casinos offer a unique deposit bonus when using this method
How to make a Bitcoin deposit/withdrawal
• Open a Bitcoin wallet if you don’t already have one. This can be done at their website, www.bitcoin.com. You can open a web-based or desktop wallet, we suggest you open a web-based one if possible as you can access this from anywhere and it doesn’t need software to be installed
• Add Bitcoins to your wallet. This can be done a number of ways including buying them using your debit/credit card through your wallet, on Bitcoin exchanges or at special Bitcoin ATM’s
• Check the recommended Bitcoin casinos above and as all our online casinos are accredited and safe to play on. Once you have an account, you can log in
• Go to the Cashier section and choose Bitcoin. You will then get the casinos ‘Bitcoin address’ which is normally between 27 and 38 characters long
• Log into your Bitcoin wallet, go to the Send Money menu and enter the address the casino gave you
• When withdrawing from a Bitcoin casino, you will need to perform the steps the opposite way, go to the casino, click withdraw, choose Bitcoin and enter the Bitcoin address of your own wallet which can be found from the Bitcoin website when you are logged in
What is Bitcoin?
Bitcoin is the biggest and most widely used cryptocurrency. Instead of using money from your bank or debit/credit card, you can buy a separate currency for use online. Bitcoin was first launched in 2009 but didn’t really come of age until 2011 when it became the world’s first decentralized currency.
It differs from mainstream currencies like the Euro, Pound, and Dollar as it does not use or is not owned by a 3rd party. There is no central bank and is bought and sold through a peer to peer marketplace a bit like shares. Although when it first launched the value was very volatile, often going up and down in value, after 2014 it stabilized as a lot of online sites started offering it, including many casinos…
How Bitcoin Works
Firstly, Bitcoin is a very safe and convenient online payment method. Digital was publicly circulated for the first time in 2009, thus becoming the first decentralized digital currency. The fact that it is decentralized implies that there is no regulatory authority that oversees and governs the use of Bitcoin, which is why it is such a volatile currency.
Bitcoin enables its users to make online payments anonymously, without having to provide any personal information or financial details. Bitcoin uses blockchain, a distributed database which records transactions between two parties and it guarantees that the transactions will be recorded, secured and that the data won’t be altered in any way.
The Bitcoin has three subunits, millibitcoin, microbitcoin or bit, and Satoshi which is the smallest. Bitcoins can be purchased through a Bitcoin exchange and the purchased Bitcoins are stored in a Bitcoin wallet. Once you have purchased Bitcoins, you can use them at any site that accepts Bitcoins, and that includes a lot of online casino websites.
How Online Bitcoin Casinos Work
Online Bitcoin casinos are generally no different than standard online casinos. They feature same types of games, such as slots, table and card games like Blackjack, Roulette, Baccarat and many more, as well as video poker games, specialty games like keno and scratch cards and even live casino games, where players are faced with real dealers and can enjoy an authentic casino atmosphere without leaving their homes.
Most Bitcoin internet casinos support mobile devices, and players can play their favorite casino games on their smartphones and tablets. Players are able to make Bitcoin payments to and from their online casino accounts through their mobile devices.
Advantages of Bitcoin Online Casinos
Using Bitcoins to play online casino games has more than one advantage. Firstly, Bitcoin deposits are processed instantly and, more importantly, Bitcoin withdrawals are usually processed much faster compared to withdrawals via other methods like credit cards or e-Wallets. The anonymity of Bitcoin transactions allows casinos that accept Bitcoin payments to require fewer details from players who are playing with Bitcoins. In fact, at some Bitcoin online casinos, you may not have to jump thru hoops to confirm your identity like a credit card withdrawal could.
Furthermore, in most cases, casino operators won’t charge any fees on Bitcoin transactions, even if deposits are charged on other payment methods. Moreover, certain online casinos offer Bitcoin bonuses. Often, the Welcome Bonus is more rewarding if you’re making your first deposit in Bitcoin. Also, there might be special Bitcoin bonuses, available only if you’re depositing Bitcoins.
American Casino Players Accepted Online
Since Bitcoin is not considered legal tender in the US, US citizens can play casino games with Bitcoins without breaking any laws, even if their state has a strict online casino bill. That makes Bitcoin the perfect payment options for Americans. You can enjoy playing your favorite casino games without any hassle or worries over the legal status of your actions.
The value of Bitcoin has grown significantly over the course of few years and its use is broader than before. We can expect an increase in the number of casinos that offer Bitcoin as a payment method, which means that casino players will have more options at their disposal.
What are Bitcoin casinos? These are online casinos the same as any other, the simple difference is that they accept transactions to and from your account using Bitcoin.
Are Bitcoin casinos legal and regulated? As Bitcoin is a fairly new currency, there is no legal situation in many countries. This is very much a grey area, however, the Bitcoin casinos we have recommended are those that are regulated and that has accepted the responsibility of accepting transactions in Bitcoin and therefore there is no risk to you when playing at these casinos.
How much can I deposit and withdraw using Bitcoin? One of the best things about Bitcoin is that there is no minimum or maximum amounts when depositing or withdrawing using this method, some casinos may have their own however so as always we suggest you shop around if you want to deposit a particularly large amount