All About Bitcoin Casinos
Bitcoin casinos have proven to be quite easy, convenient, and safe when compared to traditional online casinos. While there are many reasons attributing to this popularity, the major advantage is player anonymity. And, the decentralized casino games that are provably fair furthered by blockchain technology make for its raging popularity.
New to Bitcoin gaming or gambling? In this post, you will learn everything about Bitcoin casinos right from what entails the best casino to the secrets of choosing the right Bitcoin casino for your gaming needs.
So, first, let us start with understanding what are cryptocurrencies and how they influence the world of gambling.
Cryptocurrencies are virtual currencies that can be mined or purchased. They depend on a decentralized blockchain system, which makes them comparatively safer. Moreover, they are highly regulated that also makes them legal for transacting online.
What is a Bitcoin casino?
Casinos that use Bitcoin as either a sole payment option or in combination with other types of cryptos and fiat currency are termed as Bitcoin casinos. Generally, they are broadly classified as Bitcoin-only and hybrid casinos. Bitcoin-only online casinos use only Bitcoins as the mode of payment while hybrids use both cryptocurrencies like Bitcoins along with the traditional currency. Needless to say, crypto casinos use different types of cryptocurrencies like Bitcoin, Ethereum, Litecoin, Dogecoin, etc.
What Bitcoins truly are? Referred to as a cryptocurrency, a Bitcoin is a virtual or digital currency that is decentralized. Although there are different types of cryptocurrencies, Bitcoins have a higher value comparatively. Also, as one of the initial cryptos introduced, they are synonymous with cryptos in general.
So, how does one get Bitcoins? They may be obtained either by Bitcoin mining (exchanging Bitcoins for computing skills) or by purchasing them with standard currencies like USD, EUR, etc. Another novel method is via Bitcoin gambling at the Bitcoin casinos.
Please note: BTC exchange is supported at only selected casinos.
In the latter case, the player must make an initial deposit in the form of Bitcoin and increase their bankroll by winning the casino games. Bitcoin gaming in a casino online is considered to be the best means of earning Bitcoins as it is both interesting and entertaining. Moreover, every Bitcoin casino has new and exciting games for players making it worth their while.
Nevertheless, if you want to increase your Bitcoin balance through Bitcoin gambling, then you must register with a legit Bitcoin casino website. Typically, based on the jurisdiction of the players, online gambling sites may be deemed either legal or illegal. For instance, players from Israel and Slovakia, to name a few, are forbidden to play in BitStarz casino.
Are Bitcoin Casinos Legit?
While the Bitcoin casino landscape is quite huge and not to mention highly competitive, it is also very highly regulated. They not only offer the utmost transparency but also have stringent regulations in place to protect the users’ interest. In this regard, most of the genuine Bitcoin casinos have made provisions for players to gamble responsibly on their websites.
Typically, the Curacao Gambling Authorities not only regulate the top BTC casinos but also monitor them regularly. They ensure the website is user-friendly and safe with provably fair algorithms providing a fair winning chance to players.
In fact, they regularly enforce new and stringent best practices favoring the best interest of the players. And, while determining the legitimacy may be overlooked by many gamblers, you may always look for it on the casino website. That being said, always ensure to register with a Bitcoin casino that reflects an authentic license and registration number.
Are Bitcoin Casinos Legal?
While Bitcoins, in general, are quite legal, their usage on particular websites or for purchasing particular products or services that may be deemed illegal may not make the legit. However, Bitcoin gambling is mostly legal around the world. Meaning Bitcoin casinos are also legit as long as the players and the online casino owners pay the due tax. And, as far as any legal purchase or online use is considered, the legitimacy is determined by the tax percentage.
Nevertheless, unlike regular bank transactions, Bitcoin transactions involve no additional transaction charges or third-party fees. However, the laws of gambling that apply to regular currency casinos also hold good for legally running the Bitcoin casino. It is hence important to always choose a licensed and regulated casino.
Moreover, when reliable gambling jurisdictions like Curacao and the UK grant licenses to the Bitcoin casinos, they take the complete legal responsibilities of the casino in question. Thus, further attributing to the legitimacy of the online Bitcoin casino for a safe Bitcoin gaming experience.
Now that we have established the importance of indulging in Bitcoin games only from the licensed and regulated casinos, let us have a look at some of the best online Bitcoin casinos.
Popular Bitcoin Casinos
While it is important for players to visit a fair casino, the task of finding one that is legal or licensed or regulated may be difficult. This is because the gambling laws differ from one jurisdiction to another.
And considering all the vital aspects that make for the best Bitcoin casino site, we have listed the popular and the most widely preferred online casinos that support Bitcoin transactions and in some cases the regular FIAT currencies as well.
With a total of 2000+ game selections including live dealer games, table games, slot games, etc., BitStarz is one of the highly preferred online gambling sites. It offers a plethora of provably fair gaming collections played for digital and regular currencies.
Founded in 2014, it is regulated by the Curacao government and is owned and operated by Direx N V, a leading name in the gambling industry. The site offers an exciting welcome bonus of up to $500 or 5 BTC along with a deposit bonus of up to 1 BTC. However, the major and only drawback is the fact that it does not support sports betting.
BitStarz is associated with some of the major gaming software providers like Endorphina, NetEnt, BGaming, etc. Although these game providers are common to most of the N V based casinos, BitStarz differs from the rest with a very vast collection of gaming libraries.
BitStarz Casino Pros
- Aesthetically attractive award-winning casino with a dedicated mobile app
- 100% deposit bonus of up to 1 BTC and a Welcome Package of up to 5 BTC
- Special offers every day of the week like Reload and Free Spins
- Customer support via both email and live chat
- Deposit and withdrawals support both cash and Bitcoin transactions
- Players get up to 20 Free spins on signing up
- Play real money cash games using cryptos
BitStarz Casino Cons
- No sportsbook section
The verdict: BitStarz has a wide selection of casino games, however, it lacks a sports betting option. We recommend it for players only interested in casino games.
One of the popular contemporaries of BitStarz, FortuneJack casino has carved a niche for itself since its launch in 2014. Yet another Direx N V initiative, the casino is well-known for its exclusive provably fair games. While the casino also releases new game types every now and then, sports betting, which is available on the website makes it different from the other popular casinos.
Free spins, a common feature in most of the NV based casinos is what generally attracts gamers from around the world. While this may be true, in the case of FortuneJack, players can also get bonuses in the form of other cryptos like ETH. Thus, as a through and through cryptocurrency casino, it is a very legal and very legit casino powered by Nexus Group Enterprises.
As in the case of BitStarz, players get to play the different casino game types including the live dealer, dice, table games, etc. without having to install any special software. The customer support is 24/7 with live chat while the casino similar to the former also has a strong social media presence adding on to its popularity.
- Get an attractive welcome package of up to 5 BTC along with 250 free spins
- Cashback and reload bonuses
- Up to 1.5 BTC first deposit bonus and up to 1 BTC second and third deposit bonuses
- 25 free spins no deposit bonus on sign up for new players
- Although mobile compatible, it does not have a mobile app of its own.
The verdict: We recommend it for gamblers interested in sports betting but for not a broader game collection.
Yet another hybrid casino, 7Bit is popular for its lightning-fast withdrawals and withdrawal limits of up to €15,000 per month. It is owned and operated by Direx and regulated by the Curacao gambling authorities.
With 700+ casino games including jackpot games, new and existing players also get the best deposit bonus of up to 5 BTC depending on the BTC deposited. While the first deposit will get you up to 1 BTC, the second and third deposits will fetch you up to 1.25 BTC. Players also get special offers in the form of reload bonuses and free spins every Monday and Wednesday respectively. For more details, please read the casino’s terms and conditions.
7Bit Casinos Pros
- Supports both crypto and standard currency
- Super-fast withdrawals
- 24/7 live chat customer support
- Provably fair games
7Bit Casino Cons
- The casino does not have a social media presence
The verdict: Ideal for faster BTC transactions. However, BitStarz and FortuneJack have a stronger social media presence and a vast game collection.
Popular for its low wagering requirement of 35x, mBit casino is associated with game developers like BetSoft, Novomatic, to name a few. Unlike FortuneJack and BitStarz, it is regulated by eGambling Montenegro.
mBit Casino Pros
- Players get up to 50 free spins every day
- Up to 1 BTC first deposit bonus
- Wagering Requirement of up to 40x
mBit Casino Cons
The deposit bonus is valid for 14 days only
The verdict: Although there is the scope for earning loyalty rewards, the status automatically resets. We recommend the casinos with a sturdy loyalty ladder.
Owned and operated by Direx N V, BitcoinCasino.us has 600+ fun casino games like poker, slots, etc. A relatively new gaming site, it was established in 2017. It is a crypto-only casino supporting cryptocurrencies like ETH, BTC, LTC, etc.
- Reload bonus of up to 1 BTC every Monday, Tuesday, Wednesday, and Thursday
- A weekend bonus of up to 250 mBTC
- As a loyalty bonus Players get a point for every 0.01 BTC wagered
- New users get up to 10 free spins no deposit bonus
- Player status is reset to ‘Beginners’ at the start of a new week
- The license number is not found on the casino website
The verdict: License and registration is questionable and impacts the legality of the website.
BitCasino is owned and operated by mBet Solutions which is yet another leading name in the gambling sector. Bitcoin exchange is the salient feature of BitCasino typically not supported by other casinos like FortuneJack and BitStarz.
Microgaming and Evolution Gaming are some of the game providers while the site has a unique selection of casino games along with SportsBook and Virtual Sports features. And, it is due to this, Bitcasino is considered to be one of the best Bitcoin casinos.
Another reason for its fame is the fact that it was the first licensed Bitcoin casino and thus the first-ever legal online casino. While you can find the license information on the website, what truly makes it one of the best is the BTXCE feature that enables players to purchase Bitcoins using their credit cards.
The casino has a collection of classic and new casino games and if you are new to Bitcoins and do not own any, you can still register with this casino to play BTC games. In fact, we recommend this site for players new to the whole concept of Bitcoin gaming and casinos. All you need to do is create your gaming account, buy Bitcoins and play the popular games online,
- Players get a deposit bonus of up to 1 BTC on the first and second deposits made
- Ideal gaming platform for Bitcoin exchange
- BTXCE feature to buy BTC using credit cards
- No withdrawal limits
- No 24/7 live chat facility
The verdict: We recommend it for players keen on the cryptocurrency exchange.
What is the Best Bitcoin Casino?
As no player is the same, every Bitcoin or hybrid casino has its own set of salient features, advantages, and disadvantages. Hence, understanding your specific requirements if of primary importance to select the best casino to meet your specific requirements.
In our bid to help you choose the best, we have compiled the list of casinos above. We have also highlighted their best features. For instance, the BTC exchange feature of Bitcasino or the 50 free spins per day feature of mBit casino.
Needless to say, with new online casinos introduced now and then, players often get confused and end up choosing the casino which would never work for them. So, here are the common features that one must always consider before choosing a casino online, which are as follows;
- Is the casino legal?
- Does it have an authorized license?
- Does it comply with gambling rules and regulations?
Apart from these questions, you must also consider whether the particular site is restricted in your country or not. This is very crucial as although some websites may be accessed, you may not be able to play games of certain game providers. Or, even if you are able to play the game, you may not qualify for jackpot games. Hence, we recommend the players to always go through the casino terms and conditions.
Best Bitcoin Casino is a Choice
As stated earlier, the best Bitcoin casino is a choice that every player must make based on their own set of requirements. While some players prefer free spins no deposit bonuses others are more keen on the different variety of casino games. Here are a few questions that would help you in determining the right casino online for your gaming needs.
Do all the cryptocurrency casinos offer the same set of games?
This depends on the particular Bitcoin or hybrid casino. Here, one of the important points to consider is that the said hybrid casino may have different categories of games that could be played with Bitcoins, other cryptos, and traditional currencies respectively.
As players, you must first understand whether the game you are interested in could be played using BTC or other cryptos or not. Also, make sure to learn whether the cash games could be played with Euros or not.
BitStarz Casino is an apt example of this scenario for you to play their Euro games using Bitcoins. While this may be true, to outrun the competition, casinos also come up with new and unique games. Nevertheless, to win big, players prefer to play classic games over the new versions.
Are there any transaction charges?
Most often, gamers prefer BTC casinos over regular casinos online as the former rarely charges additional fees every time you deposit or withdraw. However, contrary to popular beliefs, certain crypto casinos online do charge additional fees for withdrawals.
Moreover, the legal or legit casinos often include taxes when it comes to depositing and withdrawing the cryptos. While this generally applies to the regular casinos dealing in standard casinos, choosing BTC casinos following these guidelines is your best bet to satisfy the legal norms.
Apart from this, the cryptocurrency transaction speed also matters. That is to say, as an avid BTC user, one would undoubtedly choose a casino with a fast withdrawal option under ten minutes rather than a casino that takes up to 74 hours.
Does the casino’s bonus system make a difference?
This basically applies to the free spins no deposit bonus where players need not deposit anything. Most of the casinos offer up to 25 free spins on signing up with them. While this may seem like a meager number, it certainly makes a difference as there is actually nothing to lose. However, the wagering requirement is a critical factor that enables players to withdraw the amount earned via the free spins.
Gamers keen on increasing their earnings with free spins thus, opt for casinos with a very low wagering requirement. Other than the free spins, the first deposit bonus is also something most gamblers give prominence for. In fact, experienced players look beyond the first four deposit bonuses. For instance, they look for cashback and reload bonuses.
While the new players are often attracted to the initial welcome bonus or the special offers, we recommend them to look out for the new promotional offers regularly released by the reputed casinos. Weekly or daily bonuses or day-specific bonuses maybe thus considered when the total bonus amount is the same.
Choosing the Best Cryptocurrency Casino
Keep these pointers and questions listed above in mind while choosing the best hybrid or crypto-only casino online. The choice is always yours, so determine what you truly expect from the casino because you are in total control of your actions. And, whether you are a new player or an experienced gambler, gamble responsibly.
With many popular BTC or crypto casinos making the rounds on the internet, choosing one that satisfies all your gaming needs may seem like a tough choice. While this may be a seemingly difficult task especially for players new to gambling, the factors listed above along with the popular crypto and hybrid casinos listed in this post make it a cakewalk.
So, what are you truly looking for? Is it the cryptocurrency exchange or fun games? Be very certain about your expectations. For when you know what you truly want choosing the right gambling website becomes easy. In this guide, we have listed the casinos that would meet the expectations of a broad spectrum of players. So, choose the best gaming site wisely to play your favorite casino games online.