Bitcoin Casinos Guide
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When it comes to gambling, the one thing that most people are concerned about is the safety of their information. This is because most online casinos require a high amount of personal information from their players which includes copies of national identity cards, utility bills, permanent addresses, and a lot more.
Most people tend to feel uncomfortable giving out such information to sources that can potentially be a threat. While Bitcoin casinos do remove this problem by allowing anonymous transactions, they still are not very safe. Most Bitcoin casinos cannot be trusted, especially the ones that do not carry any legal licenses.
Nevertheless, it is highly unlikely that a Bitcoin casino would take responsibility of your funds in case of a heist or a hacking attempt. Hence, one must always consider joining Bitcoin casinos that have a high level of security and good reputation.
What does Bitcoin have to do with casinos?
With the rising popularity of Bitcoins, the idea of gambling using Bitcoins is also propagating quite fast. Hence, many online casinos today accept Bitcoin as a payment method while others are dedicated to this popular cryptocurrency.
There are various benefits of using a Bitcoin casino for gambling rather than gambling via the traditional online casinos that use fiat currencies or XP point on-platform.
Bitcoin Offers High Level Of Anonymity
Perhaps the biggest aspect of Bitcoin that makes it a suitable candidate to be used in online casinos is the level of anonymity that it offers. One would not need anything other than the address to a public wallet, to transfer the funds from the platform. In this process, no extra information will be revealed.
Moreover, the public wallet address is also easily changeable. No information about the players gets disclosed to either of the sides while making a transfer using Bitcoins. On top of that, Bitcoin also allows online gambling in the areas where it is not legally allowed. This is again because of the anonymity since the location of players will remain anonymous.
Bitcoin Transactions Are Fast
Whenever a transaction is made using Bitcoins, it is sent and received pretty fast. Hence, unlike the traditional currencies, one does not have to wait for days to receive the funds. Moreover, the risk of confiscation or hold of the funds in the middle of the process is technically zero.
Also, via fast transactions, players can quickly withdraw their funds on a day to day basis. This is perhaps a good option, as far as the safety of funds goes. Essentially, it allows players to have full control of their funds.
On the top of that, Bitcoin transactions are simple to make. One can use wallets that are available in a wide variety of options and devices including major computer platforms, tablets, and mobile phones. For as long as a player has a working internet connection, there would be no hassle in receiving the funds.
Cheap Transaction Costs
While in many cases there are no transaction costs, some Bitcoin casinos do charge a very small transaction fee. However, the fees are negligible to care about in case one is getting a good deal of winnings.
Due to the low transaction costs, users can transfer the money back and forth without having to deal with huge costs no matter how big/small the transaction is. Moreover, users can also make use of various wallets with each deposit/transaction to increase the security of their funds.
This feature of Bitcoin casinos benefits beginners the most. Due to small transaction fees, beginner players can essentially play on lower stakes and still make some good profit. As compared to Bitcoin casinos, a traditional casino might require you to have a minimum deposit of $50 or more, with a minimum amount of $100 for withdrawal (different casinos tend to have different policies).
Due to the less amount of minimum deposits and transaction costs, users can easily double their funds by entering with a single dollar and leaving with $2. This way, users can enjoy their gambling experience without losing a lot of transaction and deposit costs.
What to check BEFORE using a Bitcoin casino?
Casino license and regulation
One of the most important things to consider before joining a Bitcoin casino is its license. This is because software licenses are of extreme importance for online gaming websites. Since it is something that has to be obtained after passing various regulations, a licensed casino would be far more reliable and trustworthy. Most Bitcoin casinos that are honest and reliable will specify their licenses on the website along with a licensing certificate. Hence, it is something that should be looked for before using a Bitcoin casino. A licensing certificated is a validation of the fact that the casino is scam-free and is up-to-date with all its software. Hence, in a licensed casino, there would be a smaller chance of glitches or a scam.
Payment terms must also be considered before using a Bitcoin casino. In practice, one must only invest time and funds in a casino that has suitable payment conditions. All Bitcoin casinos, however, tend to have different payment terms that include:
- Minimum conditions for payouts.
- The accepted currencies and methods of payment.
- The deposit and withdrawal fees.
While some casinos have all this information listed on their FAQ section, other casinos might have a page dedicated to all payment terms. One needs to put in some research and must scan the entire website to be sure.
While customer support might not sound like an important factor, it does certainly affect the reliability of a Bitcoin casino. The activity level of the customer support staff would easily indicate the level of reliability that a casino has. Serious and professional support staff signifies an organization which cares about its reputation and treats its customers very seriously. Such organizations are more likely to be very conscious about their other aspects too. So yes, testing out the customer support’s responsiveness and professional attitude is a good way to go!
The provably fair system
Bitcoin casinos make use of parameters called the ‘provably fair’ system. This system ensures that all the results of games in the casino are random and that any third parties are not manipulating them. To make sure that this system is being employed, most Bitcoin casinos offer a script to the players which they can use to verify their roles and to make evaluations. If a Bitcoin casino does not use this system, then it could very well be a scam.
In the end, users must always read the reviews of any particular Bitcoin casino before using it. For most of the popular Bitcoin casinos, there are many customer reviews available on the internet. Since there are very few important regulations when it comes to Bitcoin casinos, users must take it into their own hands to figure out which casino is reliable and which isn’t. Without a doubt, customer reviews can give you a nice idea about the reliability of a Bitcoin casino.
Top Bitcoin casinos list
In this section, we have compiled a list of the best Bitcoin casinos.
Bitstarz is perhaps the best Bitcoin casino. It has its headquarters located in Cyprus. Bitstarz contains a wide variety of classic casino games and arcade games, out of which the most popular ones are Doublin Gold, Paris Nights, Asia Wins, Romeo, Royal Wins, Wild Pride, Wunderfest, Golden games, and a lot more. As far as the reputation goes, Bitstarz is quite well-known and is among the best Bitcoin casinos out there. Moreover, it is also a part of the Bitstarz affiliate program.
The payment/deposit methods that this casino accepts includes the following:
Maestro, MasterCard, Neteller, Visa, Bank transfer, Sofortuberwaisung, Skrill, Bitcoin, Ethereum, and many more.
Cloudbet is one of the top Bitcoin casinos which contains more than 300 different games. For instance, there are about 293 different slot games and about 20 different jackpot slots. Moreover, it contains about 48 different video poker games along with 55 table games. While there is no maximum limit for the deposit, a user must deposit at least 0.001 BTC. However, to receive the bonuses, the first deposit must be at least 0.01 BTC. Cloudbet offers a bonus of up to 5 Bitcoins. The bonuses are offered after a user has had 800 loyalty points collected via the casino games. Moreover, CloudBet is fully licensed in Montenegro. However, it does not accept any currency other than Bitcoins for both deposits and transactions.
As far as the payouts go, it includes a withdrawal fee of 0.00054466 Bitcoins with a minimum withdrawal of 0.001 Bitcoins.
While there are rumors that Cloudbet could be a scam, it is not exactly true. It has customer support that is highly professional and cooperative with the options of both email and live chat.
The FortuneJack is owned by Nexus group of companies which is based in Ireland. It offers various games to be players such as doubling gold, Legend of Cleopatra, Stacks O’Gold, Live Roulette, Fortune Wheel, Dice, Fortune Slot and a lot more.
It supports a great range of different cryptocurrencies that include:
The bonuses that it however offers are huge. It offers about 110% bonus on the first deposit which goes up to 3 Bitcoins. This bonus is quite high as compared to the rest of the casino websites. Apart from that, various promos can be used to win more!
As far as the payouts go, there is no maximum payout on the website. The minimum amount of deposit and withdrawal, however, is set at around 0.0001 BTC at a time.
The Fortune Jack casino has one of the most active customers supports when it comes to online Bitcoin casinos. Even though there is no phone number available, they do have a 24/7 working live chat on their website along with an email address: email@example.com
Its reputation is quite good among the Bitcoin community, which makes it a trustable casino to play in.
The mBitCasino is a highly trustable casino powered through CoinGaming.io which tries to provide an immersive experience to its players. It is fully licensed and is in operation under Dutch Caribbean Island Curacao.
It contains a wide selection of classic casino games such as Table games, blackjack, video slots, Keno, and Roulette. Apart from that, players that are a fan of sports can also bet on sports games such as American football, Aussie Rules, Boxing, Tennis, Golf, Soccer, and a lot more.
As far as the minimum amount of deposits go, one can deposit not less than 0.002 Bitcoin at a time. The only accepted currencies are Bitcoins and Euros. Moreover, there is a 200% welcome bonus for new players via the “BBC200” code.
While there is no phone number available, there is a live chat option which is active 24/7. However, the reputation of its customer support is not very good for being quite inactive.
While Myb Casino is not very famous as of yet, it is still quite reliable since the Curacao government fully licenses it. However, there is no badge visible on the website.
The bonus policies of this casino are not that good. To claim the bonus which goes up to €1000, one must make a minimum deposit equal to €100. Despite such high requirements, the games in this casino are not provided by reliable dealers.
Nevertheless, there is a wide variety of games available to play on Myb Casino. The most popular ones among these include:
- Table/Card Games: Roulette, Red Dog, Blackjack, Pai Gow.
- Slots: Space Gems, Big Top Circus, Jumbo Joker, Bikini Beach.
- Video Poker: Deuces Wild, Bonus Poker, Aces & Faces.
- Other Games: Keno, Virtual Racebook, Scratchcard.
The customer support at MYB casino is not very active either. Moreover, it only offers phone support and no live chat that many other casinos do.
As far as the payouts go, one can withdraw the funds using Bitcoin wallets, bank transfer, and credit-card.
To Sum Up
While Bitcoin gambling could bring you some profits, it is not an earning solution that is recommended in the long-run. This is because no matter how highly reputed a casino might be, there is still a high chance of glitches and scams, and of course that when it comes to gambling, it all depends on luck. Moreover, most Bitcoin casinos will not take any responsibility for your funds in case they get hacked or misplace your funds in a glitch. Nevertheless, gambling via Bitcoins can also make you lose the funds quite easily in case you are not an experienced player.
We hope to have provided you all the relevant information about Bitcoin casinos that you were looking for. To learn more, do check out the other sections on our website.