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Bitcoin at Online Casino
Bitcoin is the world’s leading cryptocurrency. It’s the market leader and the most recognisable crypto around. After spending many years underground since its development over two decades ago, it is now starting to influence the mainstream and industries within it. One of those is the online casino sector, where it’s quickly establishing itself as a gamechanger, making everyone sit up and take notice.
Bitcoin is more than just a digital currency. It’s built on the technology known as the blockchain, and this also plays a crucial role in making BTC what it is. The online casino industry has always been one to move with the times. It’s why it continues to thrive and grow at breakneck speed, because it embraces the new, be it technology or trends. And, as Bitcoin represents all this, as well as providing solutions to common frustrations and complaints, it’s easy to see why it’s making waves in the online gaming arena.
Right now, there are mainstream online casinos that welcome the use of Bitcoin in terms of it being a payment solution. And this number is growing all the time, as more operators recognise what the world’s first crypto can bring to the table. There are plenty of Bitcoin exclusive platforms too. They utilise BTC and blockchain technology more, and they’re popular with cryptocurrency gamers.
Play Casino Games with Bitcoin
As everyone knows, slot machines are undoubtedly the best-loved and most popular type of game at any online casino. Most platforms will have a catalogue of content that is, for the most part, top-heavy with slots, and other games combine to make the other portion. Therefore, knowing that crypto can influence video slots in multiple ways will not come as a shock to anyone. And this applies to the slot machines available to play at standard platforms where Bitcoin is welcome and at BTC exclusive sites where it takes precedent over fiat gaming.
The first thing to note about video slots is that while they are fun, exciting and have a bag of winning potential, there has often been concerns over how fair and transparent they are. If a platform uses blockchain technology inline with Bitcoin, video slots available to play will be provably fair, meaning they’re honest and everything is above board. You can count on regulated platforms that welcome BTC users to provide video slots that tick all the good boxes, too, with no compromise made on the quality of the content at any point, especially with leading software providers involved.
At Bitcoin Casinos and platforms where it gets the thumbs up, you won’t be stuck playing Video Slots, as other content such as Table Games, Video Poker, Keno, and Instant Wins will be available for punters to enjoy at their leisure. Table classics such as blackjack, roulette and baccarat are always good value in terms of enjoyment and the prizes they provide. The experience is enhanced further recently thanks to the emergence of live casino. It adds the authenticity that is often lacking when it’s a player versus the computer game scenario. And the great news is that Bitcoin works in conjunction with all of this.
Believe it or not, the Speciality Games that populate online casinos, such as your video pokers, keno and instant wins, are the types of content on which Bitcoin and crypto exclusive platforms are built off of. Again, leading with the advantage that blockchain gaming, which comes via the likes of BTC, provides provably fair results, it was easier to kick things off with these types of games. They may not be as popular in the online casino world as video slots and card games. Still, Bitcoin enhances them in many ways, working seamlessly with video poker and keno titles.
Instant Wins come in all shapes and sizes, but they’re commonly known as Scratch Cards and Dice Games. The latter is where Bitcoin gaming and blockchain’s influence in the industry began life, so if these titles are available to play with BTC, they’re always worth checking out. They can provide some epic prizes in a short space of time without having the hassle of playing through a game you have no interest in. They’re perfect for those punters who may be short of time, or patience, wanting to know if they’re a winner or not instantly.
Reasons to Play Bitcoin Games
There are many reasons why a punter should play Bitcoin games. If they’re a BTC user or someone invested in the crypto scene, it makes a lot of sense. They will, at that point, have stepped away from fiat currencies and gaming in some way, shape or form, and so it will fit with their outlook.
Bitcoin Games are as fun and of the same quality as what some will describe as traditional online casino games. When they started out, the quality was lacking slightly, but now, with the top developers onboard and more mainstream attention, the gap has shortened considerably.
You can’t get away from the fact that games that use blockchain technology are provably fair. There is unrivalled transparency and honesty in terms of how slots, for example, will play and payout. It’s a bugbear for many that Bitcoin Games solve and arguably the most significant advantage on offer.
A Bitcoin casino is an online gaming platform where punters can use BTC to fund their gambling activities to make deposits. Bitcoin casino sites often use blockchain technology, too.
If you want to play at a Bitcoin casino site, you must first own a portion of BTC. Then, sign up to a gaming platform, make a deposit, and away you go.
Many mainstream casinos now accept BTC. There are also Bitcoin exclusive platforms out there.
No. Online gambling with Bitcoin is legal, as proven by many mainstream operators adopting it as a payment solution.
If you want to use Bitcoin for gambling purposes, you must first have a crypto wallet to store it in. From there, you purchase your BTC from an exchange.
Bitcoin is a cryptocurrency. It’s decentralised, which means there is no third-party interference. You exchange money for the value of Bitcoin, and then you can use your BTC to make purchases on the internet and to play at online casinos.
Yes. Many online casino sites now accept Bitcoin as a payment solution. So, punters can add funds to their account via this method.
Bitcoin Casinos Pros and Cons
- Bitcoin is the world’s leading and most reputable cryptocurrency.
- Games using blockchain technology are provably fair and transparent.
- Blockchain games remove the house edge.
- Transactions are faster than those involving most fiat currencies.
- Transactions are more secure.
- You can use Bitcoin from any location
- Fiat currencies and payment solutions have been around for longer.
- Bitcoin is not accepted everywhere yet.
- Getting to grips with crypto can be tricky for some people.
- Bitcoin is unregulated.
- The value of Bitcoin is volatile.
Bitcoin casinos are on the rise, be it as exclusive platforms or mainstream casinos that welcome BTC users to their service with open arms. And, they have a lot going for them because of the advantages they can provide to casino players, operators and the industry in general.
The online casino industry has always welcomed change if it provides essential benefits, and Bitcoin does. A significant positive for operators is that there are no third parties involved where transactions are concerned, so costs were lower as a result. Therefore, leading to more profit for those running the show.
Many bugbears in the gaming sector come from the players who log on to enjoy the action. And the incorporation of Bitcoin by operators removes the hassle of them having to find the solution, as BTC is precisely that. Players don’t want to wait for their withdrawals to process, for example, and with Bitcoin, these transactions are processed in minutes.
Other solutions to common issues are brought into play by Bitcoin casino sites, too. Punters can play anonymously, the transactions are more secure, and many of the games that utilise Bitcoin’s blockchain technology are provably fair and transparent. The list of positives and why these platforms are worth visiting is endless.
And, it’s worth noting that leading mainstream casinos and software developers are on board with Bitcoin. There is no compromise on quality at any turn. Players will be enjoying great content, at reputable gaming platforms, with all the benefits that Bitcoin and blockchain technology provides.
When anyone comes across Bitcoin for the first time, be it a media report, comment on social media or direct involvement, the word volatility is always going to come to the fore. The meaning of the word volatility is the liability to change rapidly and unpredictably, especially for the worse. And this relates to the value of BTC.
Bitcoin is famous for making many people very rich after breaking through into the mainstream because the world’s leading cryptocurrency’s value skyrocketed immediately. However, that rapid rise was a unique event, and there have been many ups and downs since, where BTC’s value is concerned.
At the time of writing, BTC’s all-time price is up 54.0k%, and the yearly climb stands at a stunning 741.51%. However, for the current month, the value is down. The graphs that are available to view that show the price fluctuations of Bitcoin are full of peaks and troughs, which is a potential negative for some.
If you’re an online casino player and use Bitcoin to make deposits, the amount you have in storage could increase or decrease in value without warning. So, it’s something to be mindful of when embarking on a journey with BTC.
FIAT vs Cryptocurrency
The immediate battle cryptocurrencies such as Bitcoin face is taking on fiat money. It’s understandable because, for many people, cryptos are here to challenge fiat currencies. There’s a belief that they present significant advantages over traditional money and banking solutions. And this is why so many are sitting up and taking note.
Fiat currencies and banking undoubtedly has a lot going for it. It’s not like cryptocurrencies have come on the scene and taken over because they haven’t. The fiat world is established, for example, and it has been this way for decades. So, there is trust and credibility intact.
And, over the years, traditional banking has evolved and moved with the times. That’s not in question. But the likes of Bitcoin bring something new to the table. They present advantages that standard methods don’t, such as no government or third party interference, which speeds up processes and keeps them more secure.
It’s these positives that make cryptocurrencies ideal for the online casino world. They benefit the operator, as well as the players, in a mutually beneficial relationship. Fiat currencies and banking work well in conjunction with gaming, but cryptos gain the upper hand by the advantages they provide, in many respects.
If you have a form of currency, even digital versions, you need somewhere to keep it safe. If you have a few notes and some coins, a purse is perfect. Or, you can make use of debits cards, credit cards and e-wallets if you have digital funds. So, it makes sense that this applies to cryptocurrencies such as Bitcoin too.
If you want to Own, Buy, Sell and Trade Bitcoin, and use it to play at online casinos, you must have a wallet to store it in. And, like many things in life, this isn’t a one size fits all solution, so there are a few options to choose from, such as mobile wallets, desktop wallets, paper wallets, hardware wallets and web wallets.
Every type of Bitcoin wallet will rank according to an individual’s needs and the type of storage solution they are. For example, a mobile wallet is fantastic because it’s easily assessable as an app on a smartphone. So, users can take their wallet with them everywhere, accessing it on demand to make transactions.
There are hardware wallets, too. They come as USB sticks in many instances and are the recommended type to go with for most people, according to experts. However, there is always a chance you could lose the USB stick, for example. Or, it could fall into the wrong person’s hands. There are pros and cons to all types of wallet, and it’s best to find the one that marries up with an individual’s requirements.
The great news is that most Bitcoin wallets are perfect for use with online casinos, especially mobile, desktop, hardware, and web versions. So, gamblers have plenty of options to choose from, and this will enable their experience of depositing and receiving BTC to run smooth with no hitches.
Buy Bitcoin (BTC) Online – Step by step
Buying Bitcoin online is a straightforward process in many respects. It can prove to be tricky the first couple of times, but after you get into the swing of things, it’s a simple task to complete without much hassle or risk of anything going wrong. It’s essential to have a wallet to store BTC in before you begin, and that can either be one that is separate from the source you buy your Bitcoin from, or it can be in the same package. If you haven’t got anywhere to store your crypto, you can’t proceed with making a purchase.
So, you have your wallet. The next step is to find a suitable exchange to make the purchase from. It’s vital that you only buy Bitcoin or other cryptocurrencies from reputable sites and sources. Otherwise, you could become a victim of cybercrime, which is rife within the crypto community. Find a credible exchange, and buy Bitcoin using your Credit Card, Debit card, PayPal or another payment method. You will then have an amount of BTC in your wallet that you can use to make deposits at an online casino, for example, which is another simple process.
To add funds to your account at an online casino, you must have done all of the above. You must have a Crypto Wallet and have bought enough Bitcoin to make the deposit. Usually, a platform will provide instructions on how they receive deposits. But, it will often be a case of sending an amount of BTC to an address from your wallet. On receipt of the funds, the balance will show in your gaming account. You’re then ready to play your favourite games and hopefully pick up a prize or two along the way, leading to a withdrawal taking place.
Withdrawals from an online casino to a Bitcoin wallet work in reverse to making a deposit. So, when you know how to add funds to your account, you will understand how to withdraw them, too. Head to the banking section and select the amount you would like to retrieve, then the funds will process to the Bitcoin storage solution linked to your account. Or to the wallet that relates to the address you type in when initiating the withdrawal process.
Now, you have had a good win or two at an online casino, the withdrawal is complete, and the funds are in your wallet. It’s up to you what you do next, as you can leave the BTC where it is, hoping that the price will rise and then you will have more to play with next time. Or, you could decide you want to pull your funds out and send them back to your original funding source. Again, it’s an easy process that you can handle in your wallet. Or on the exchange where your BTC is. Your funds will arrive in a jiffy.
Best exchange cryptocurrency wallets for Online Casino
Finding a good cryptocurrency exchange is an essential step for everyone who plans to buy, sell, trade or use the likes of Bitcoin. As with anything online, there will be credible and non-credible options, and it’s the former that everyone should focus on finding if they want everything to run smoothly. Coinbase is by far and away the number one exchange out there right now. It’s a fantastic starting point for beginners, and an excellent option for those with more experience, too. Using Coinbase is straightforward, and the service offers pointers to help guide customers from A to B, which is helpful.
As well as being an excellent exchange, Coinbase also comes with a crypto wallet built-in. And this applies to Coinspaid, Trezor and Ledger, too. They’re effectively a one-stop-shop, which can be appealing for those who want to do all their business in the same place. Or without any hassle.
The Crypto and Bitcoin world is a tricky one to navigate if you don’t know what you’re doing. You can make life easier by finding a reputable exchange trusted by the community. And they will often have everything you need.
Bitcoin Casino Bonuses
One of the great things about Bitcoin and online casinos is that operators are now starting to push the idea of using cryptos to make deposits. And, they’re doing this by bringing bonuses into play, as this is a fantastic way to encourage users to spend their Bitcoin if they know they will get a reward for doing so.
Free Spins + BTC Bonus on Slots
Slot games will always be the most popular form of content at an online casino, and what better way to entice players to spin the reels of the top titles by allowing them to get some free rounds? It’s often a method used by operators for new and existing punters, with players making a deposit with Bitcoin and then getting free spins to play through.
BTC No Deposit Bonus
Now, not everyone will want to make deposits straight away. And that’s fine. Online casinos often have no deposit bonuses available, and these usually start from the moment a punter opens an account. A new player will type in their details, verify they’re correct, and receive a reward, with no deposit required. Nowadays, because there is a determination to integrate BTC into online gaming, a small amount of Bitcoin useable on the site will be the perk they receive.
Deposit Bonus + BTC Offer
After picking up the no-deposit bonus for registering an account, punters will more than likely be ready to add funds to collect one of the best perks around. The traditional welcome offer. Although, thanks to Bitcoin, you could say it has been reinvented. Punters are actively encouraged to make their first deposit with BTC, and they will regularly pick up better rewards than those using fiat currencies.
So, for example, a new customer can make their first deposit with Bitcoin, and they will more than likely receive a deposit match. In the form of extra BTC to play with. The online casino operator will then add some free spins or a free chip bonus into the equation. It’s more of a welcome package than a single bonus. And this provides a fantastic boost to those who are new to a gaming service.
Cashback on your Lost Bitcoin
Some platforms go as far as presenting Bitcoin cashback opportunities. They’re common in online shopping circles, where merchants are encouraging purchases using BTC. So, it’s no surprise that casino operators are sitting up and taking note. Usually, a punter will make a deposit using Bitcoin via their cryptocurrency wallet. And, in return, they will receive some BTC back. It will either go straight into their gaming account or be sent to the wallet linked to the casino platform.
Bitcoin Casino Bonus Codes
There are different ways to get Bitcoin bonuses at online casinos. I think, for the most part, punters will find the majority of offers and promotions on the sites themselves. But there are other ways to pick up a perk or two to use, and bonus codes are one option. They’re often available through affiliates, be it their websites or blogs. Codes are also knocking about on social media. So, it’s worth checking everywhere.
Once a punter has a Bitcoin bonus code, adding it to their gaming account is a doddle. Most platforms will have a banking section, and there will be the option to type in the combination of numbers and letters to retrieve the perk. Alternatively, speaking to a live chat customer service agent will allow players to apply the bonus to their account. It can often be the source of further perks, too.
If you use Bitcoin or are interested in doing so, now is the time, especially if you want to bag bonuses at online casinos. There are perks to suit every BTC user, be it no-deposit, deposit, welcome offers, reload deals and more. And all these allow players the opportunity to win great prizes, which is the name of the game.
Bitcoin Safety at Online Casino
Bitcoin is still a relatively new thing, so keeping everything safe and secure must be the number one priority. Finding a cryptocurrency wallet, whether through an exchange or not, is the initial move to make. Find one that suits your needs, but it must be secure, too.
The same applies to the exchange where a punter buys their BTC from as well. Using reputable platforms such as Coinbase alleviates the risk of anything going wrong. An online casino player can buy their Bitcoin in confidence, add it to their wallet, and proceed to their gaming platforms of choice.
It’s here where again there must be caution. If you are using a mainstream platform encouraging the use of BTC, is great. But, if not, ensure the Bitcoin or crypto-exclusive platform has a good reputation before depositing your BTC wallet into your gaming account. Otherwise, it opens the door for crooks, cybercrime and malware.
By following the steps above, a punter will keep their details and their Bitcoin safe at all times. Being cautious is never a bad thing, and checking out the reviews from real people where crypto wallets and exchanges and gaming platforms are concerned is a positive that can make a difference.
Two types of online casino accept Bitcoin. There are mainstream platforms that welcome Bitcoin users alongside those using traditional payment methods. And, there are also Bitcoin and crypto exclusive casino sites too.
It isn’t easy to name a single Bitcoin casino doing things better than the rest. Platforms offering fantastic BTC bonuses, alongside outstanding service and a stellar selection of games, are the ones to check out.
A Bitcoin casino, in many ways, works the same as a fiat platform, albeit with a few subtle differences. They allow punters to make deposits and receive withdrawals using BTC. There will be offers and promotions encouraging Bitcoin and games to be provably fair if blockchain is involved.
Depositing with Bitcoin at an online casino will more than likely complete instantly. Withdrawals can take slightly longer, getting from A to B in a few minutes.
Speed of transaction at an online casino is crucial, as players do not want to wait. When a deposit process begins using Bitcoin, the time range in which it gets from A to B is often between instant to a few minutes.
If you know how to make a deposit using Bitcoin at an online casino, you will know how to withdraw as it’s the same process backwards. Head to the banking section, hit withdrawals, and start the process. It will usually take a few minutes to complete.
The value of 1 Bitcoin in an online casino is worth what its current value is. At the time of writing, 1 BTC is worth close to £40,000 or $55,000. There are bonuses to consider, too, as they will increase the overall value.