Why Use a Bitcoin Casino?
Bitcoin casinos are growing in popularity because they give players from anywhere an opportunity to play real money casino games. This is especially important if you're from a country like the United States, which is restricted from playing at many online casinos. But then again, there are plenty of other internet casinos serving residents of the US and other countries. So why should you specifically choose a Bitcoin casino over all the other options out there?
Bitcoin Casinos usually offer Better Odds
The nice thing about Bitcoin is that casinos don't have to pay any sort of processing costs, or deal with payment processors in the first place. The reason why is because Bitcoin doesn't charge casinos fees when they make a transaction. The end result is that casinos are free to offer better odds on their games. In fact, some Bitcoin slots offer up to 97% to 99% payback.
You can earn Special Bitcoin Deposit Bonuses
Welcome bonuses are extremely common at online casinos as a way of drawing in new players. But some online casinos offer you even more lucrative bonuses if you use Bitcoin to deposit. This all goes back to the above point about how Bitcoin doesn't result in processing charges for casinos. So they are willing to offer you special Bitcoin bonuses as a result.
Bitcoin isn't controlled by Regulated Government Markets
Another factor that helps Bitcoin casinos offer you superior odds/bonuses is that they don't have to deal with a central government or pay heavy regulation fees. The reason why is because Bitcoin is a cryptocurrency that's free of any attachments to governments or central banks. So again, casinos pass off better odds and bonuses to you since they aren't paying enormous taxes and licensing fees.
Bitcoin Casino Transactions are Extremely Safe
A big fear when dealing with an online casino that's not regulated by a central government or bank is that your account might somehow be hacked. However, it's important to note that this cryptocurrency is extremely safe because it's based around mining, or computers being awarded bitcoins for solving mathematical problems. Every Bitcoin creation is recorded, meaning that the process is highly controlled and safe.
Bitcoin Casinos are Anonymous and Convenient
Before you play for real money at many online casinos, you have to fax them personal information like your ID and a bank statement. Luckily, Bitcoin casinos don't make you go through these annoying inconveniences. Instead, you just need to send your Bitcoin address and you'll be ready to play. This is not only far more convenient than other online casinos, but it also protects your identity in case you're worried about this.
As you can see, there are plenty of advantages to playing at Bitcoin casinos, including great odds, big bonuses, safety and anonymity. Plus, it certainly doesn't hurt that Bitcoin casinos are easy to get started at and extremely convenient.
The Bitcoin Wallet
Bitcoin, unlike most traditional currencies, is a digital currency. This cryptocurrency may be stored in a Bitcoin Wallet. A large majority of online casinos provide guidelines on how to obtain Bitcoin Wallets, give you information on how to store Bitcoins in said wallets, and how to fund your online casino account using Bitcoins.
The Legality of Bitcoin Casinos
Bitcoin is independent of any centralized authority. This means that the cryptocurrency runs on a regulated network that does not have to answer to any form of government or financial institution. This allows those casinos who accept Bitcoins to offer this service to players worldwide. Bitcoin is considered legal tender in the online marketplace.
Bitcoin Casino Regulations
Legitimate Bitcoin Casinos are regulated through respected governing jurisdictions that provide licensing, compliance verifications and oversight. All Bitcoin Casinos that are operating legally within the industry are subject to regulatory oversight. Each destination is licensed by the jurisdiction in which they are located. However, this regulation does not extend to Bitcoin itself, which operates as an independent, decentralized currency.
Playing at Bitcoin Casinos
All online casinos accepting Bitcoin are powered using specific gambling software providers. There are multiple gambling software developers such as WGS, Rival, BetSoft and RTG who are the most well known brands at online casinos. These developers build an online casino interface that includes the games themselves. Bitcoin casinos featuring high-quality games are powered through a reputable software developer. These online casinos can be accessed via a web or mobile based browser.
Bitcoin No Deposit Bonuses
Casino no deposit bonuses have been around for some time. They usually involve a certain number of Free Spins or "chips" for players. For the first time, brands could offer actual money in the form of Bitcoin for players to try a casino out. The Bitcoin no deposit bonus developed hand in hand with the adoption of this cryptocurrency. A Bitcoin no deposit bonus became a way to allow a player to try two different experiences at the same time: A new casino brand and a completely new, decentralized currency. There are two different kinds of requirements when using Bitcoins to fund online casinos:
- Maximum withdrawal limits - Some brands put a withdrawal ceiling on your Bitcoin no deposit bonus proceeds. This means that after you withdraw a certain amount of money that you have won based on your no deposit bonus, you are required to forfeit the rest.
- Wagering requirements - On Bitcoin no deposit bonuses, the wagering requirement is that you bet on your bonus a number of times before you can withdraw any proceeds. Most brands require you to wager either 40 times or 50 times the bonus in order to withdraw any proceeds. This is especially true of Free Spin no deposit bonuses.
Bitcoin Casino Bonuses
Today, more than ever before, you will see online casinos offering Bitcoin bonuses when you make a deposit using this cryptocurrency. We have seen as much as a $5000 bonus for using Bitcoins as a funding source. Moreover, exclusive Bitcoin casinos also offer free spins along with the Bitcoin bonuses as well. These Bitcoin bonuses come with their own special bonus code.
Bitcoin Mobile Casinos and Apps
iOS (iPhone and iPad users) may need to download an app to get the full mobile Bitcoin casino experience; iOS devices do not support flash and many games found in mobile Bitcoin casinos use flash as their proprietary software. Android and other smartphone users can easily access the majority of Bitcoin casinos directly from their browser, as in the case of mBit Casino who offers a fair majority of their games for mobile users. Simply visiting the site on your mobile device browser allows you to access a large chunk of the games available. mBit Casino has put a lot of effort in making their Bitcoin casino mobile-friendly.
Bitcoin Casino Games
When it comes to Bitcoin Casino Games, we have to give mBit Casino the prize. With multiple providers, mBit has over 2000+ Bitcoin casino games
Bitcoin Live Dealer Casinos
The Bitcoin live casino experience is more realistic. Instead of a random number generator deciding whether you win or lose, there is a real human operating a real roulette wheel, or dealing out real cards on a real table. Being able to see the dealer in real time changes the whole experience. Instead of playing a computer simulation of casino games, users are actually participating real time in live games. Combining the Live Dealer experience with Bitcoin and other cryptocurrencies elevates Bitcoin Live Dealer Casinos to an entirely new level.
Bitcoin Sportsbooks
For Bitcoin Sportsbooks, there is a wide selection of leagues to bet on. For example: The minimum bet is 0.1 mBTC/mBCH while a colossal maximum bet of 30 BTC/BCH is available for NBA, NHL and soccer bettors. Cloudbet Casino offers a generous 100% first deposit bonus up to 5 BTC/BCH to their members and also rewards players with loyalty points for each bet you place. The odds are extremely competitive when compared to most other Bitcoin sportsbooks.
Bitcoin Slot Tournaments
BetChain - Slots Blitz Tournament: Each month BetChain hosts the Slots Blitz tournament using Bitcoins. There is no need to register. All you have to do is play on your favorite slot from the list of participating slots on the tournament page to compete for a prize pool of 500 EUR, with the top five players getting a share of the prize pool. The top prize is 200 EUR.
Bitstarz - Slot Wars: BitStarz Casino has upped the ante with Slot Wars. To take part in this weekly Bitcoin tournament, all you have to do is play at Bitstarz.
CryptoWild - Slots Gone Wild: Each month CryptoWild goes crazy with its popular Bitcoin slot tournament. You can score huge wins with a jackpot that offers 0.16 BTC and 150 Free Spins. There are a wide variety of participating slots in this tournament. One of the most exciting features of this tournament is that the winner's table runs deep all the way to 10 prize positions.