Are Bitcoin Casinos Trustworthy?
In the summer of 2016, online casinos began processing more Bitcoin payments than ever before, and although it has taken some time to become fully integrated, today Bitcoin Casinos rank very high in popularity allowing for as little as only 1$/€ minimum deposit in Bitcoin depending on currency exchange. However, for many casino players, Bitcoin remains a mystery. In our article, we will look at what Bitcoin is and how can you use this digital currency as one of your payment methods to maximize your online casino experience.
Depositing and withdrawing at online casinos with Bitcoin offers many benefits, but how secure and trustworthy are Bitcoin Casinos really? In 2018, the online business magazine Forbes published an article on how to best use Bitcoin to play your favourite slots and table games. According to Forbes, Bitcoin is one of the fastest and most secure ways to deposit money into your casino account. It also facilitates very fast payouts and offers anonymity as players don’t need to submit private and personal information.
While more and more casino websites are turning their attention to cryptocurrencies, with Bitcoin as their flag-bearer, players are finding out that Bitcoin is a reliable, economical and trustworthy payment method. When using debit or credit cards to fund your casino account, whether you are playing from your desktop, tablet or at a mobile casino, you will have to enter sensitive information like your credit card details and other personal information. But when transacting with Bitcoin, you remain anonymous, there is no paper trail and all you need to do is enter your Bitcoin wallet address, which is of itself encrypted for even more security.
For online gamers that search for the best casino bonuses, browse through our top-quality Bitcoin Casinos and take advantage of a lucrative Welcome Bonus and free spins. You can transact with Bitcoin and start your online gambling adventure with thrills, fun and attractive free casino bonuses.
How Bitcoin works at online casinos
At the very beginning of Bitcoin history, the first real transaction was two pizzas purchased at 10,000 units of the currency, but today that same value is worth millions. Although not yet considered a mainstream currency, for online casino players Bitcoin can be used to make deposits and withdraw winnings at many of the leading gambling sites. Bitcoin is a virtual currency or digital currency. There are no Bitcoin notes or coins available and as it is 100% digital, Bitcoin is transferred between parties electronically. Before you can deposit with Bitcoin, a Bitcoin wallet has to be set up, much in the same way as a PayPal account. Downloading is a simple process but for players that are a little unsure, at all our top-quality Bitcoin Casinos, the customer service team can offer assistance via the live chatbox.
Once you’ve downloaded your Bitcoin wallet, the next step is to purchase Bitcoin and this is easily facilitated by your Bitcoin Wallet. Once you have your Bitcoin Wallet loaded with Bitcoin, you can head off to your preferred online casino and fund your casino account in a few clicks. If you’ve already deposited at an online casino you’ll know that to make your deposit, for example with a credit or debit card, you will need to type in your card information but when transacting with Bitcoin, the casino will only need your Bitcoin Wallet address and the amount. As soon as this information has been inputted, it’ll only take only a few seconds for the transfer to be complete and you’re ready to play your favourite casino games.
Guaranteed security at Bitcoin casinos
In this day and age, online theft and hacks are commonplace but with Bitcoin Casinos there has yet to be a major theft. Bitcoin Casinos are completely safe because of Bitcoin’s cryptographic nature. All Bitcoin transactions are encrypted and verified several times at different points on the network and the private keys used in transfers are extremely lengthy. This makes them very hard to decode. Top-quality online gambling sites are already safe to play at as they are licensed and regulated by respected authorities. They also use top of the range encryption protocols, but Bitcoin takes security just one step further.
How to recognize which Bitcoin casinos are legitimate?
For starters, it is crucial to establish an account with a reviewed and reputable online casino that has already cultivated a good reputation. We only recommend Bitcoin Casinos that are licensed, reviewed and offer a secure online gambling experience backed by top encryption security protocols, the best quality slots and table games and exciting bonuses and promotions.
One of the most unique aspects of Bitcoin Casinos is the concept of provably fair games. Every regulated and licensed online casino has to conform to rigorous checks and balances to get and keep a gambling license. Random Number Generators generate a sequence of numbers or symbols that cannot be reasonably predicted other than by random chance and third party companies like eCogra audit the results. This is how online gamers are assured that the games are not rigged in favour of the casino. With the Provably Fair system, third-party certificates have been made obsolete, and players can themselves verify the outcomes in real-time after they have finished playing a slot game or a table game.
Bitcoin Games
Casinos have evolved massively over the years and while back in the day we were limited to the confines of a brick and mortar casino, technology has advanced at such a rapid pace, that these days we can play at real casinos from the comfort of our home and carry entire casinos in our pockets. Another advancement is payment methods. From just one or two ways to deposit a few years ago, now online casinos offer a multitude of ways a player can transfer funds. In recent years the emergence of cryptocurrencies opened up a whole new way to move money digitally so that enthusiastic online gamers can fund their account quickly and securely, and get down to the business of enjoying the ultimate online entertainment.
Bitcoin Poker
Bitcoin Casinos offer high-quality multiplayer Poker tables and a large variety of video poker titles that can be played with Bitcoin deposits. Ante up, land the royal flush and walk away with a huge pot of cash.
Bitcoin Blackjack
If Blackjack is your game of choice, at Bitcoin Casinos you can go head to head against the dealer. Blackjack is arguably the most popular table game in the world, and players will have no difficulty finding a Bitcoin Casino that offers the chance to hit 21 and beat the house.
Bitcoin Roulette
Roulette is a popular game that’s played all across the world. A casino game that’s captured the attention and imagination of new customers and seasoned players alike, Roulette offers fantastic potential payouts. Predict the outcome of the Roulette wheel and double your Bitcoin deposit by betting red or black. Straight-up bets will win you a 35 to 1 payout.
Bitcoin Slots
The gem of online casinos, slot games take centre stage at most sites. Slot games are simple to play, have immersive gameplay elements and offer huge potential wins. Bitcoin slots are created by leading software companies like NetEnt and this guarantees top gaming action every step of the way.
Benefits of Bitcoin casinos
Bitcoin Casino are transparent and provide a clear platform with legit odds
There are no excessive costs and transaction fees are very low and often have zero costs. This is because Bitcoin is not regulated by any payment services or institution.
At Bitcoin Casinos players can enjoy lucrative bonuses and promotions and a huge variety of games like slots, Roulette, Blackjack, Poker and many more.
Another big advantage is that withdrawals made with Bitcoin happen instantly. At Bitcoin Casinos, you won’t have to worry about long processing times.
Bitcoin payments are anonymous and transactions are completely private. When you fund your casino account with Bitcoin, your identity is obscured behind a string of code that cannot be connected to the player’s personal details like identity and banking information.
Bitcoin Casino FAQs
Do I need to open a wallet to start using Bitcoin?
Yes, once you have found a Bitcoin casino you’d like to play at, you will need to set up a Bitcoin wallet to store your Bitcoin funds. Bitcoin Wallets are easily available online or you can contact the customer service team for assistance.
How secure is using Bitcoin as a payment method?
Using Bitcoin to deposit and withdraw at online casinos is very secure. Because of its cryptographic nature, Bitcoin transactions are encrypted and verified many times along the network.
How do Bitcoins compare to other banking options?
Bitcoin transactions operate more like cash, as a person-to-person exchange system without a financial intermediary. Banking options such as credit and debit cards are more widely accepted but charge fees whereas Bitcoin is only found at Bitcoin Casinos and is free to use.
Will there be any fees with Bitcoin transactions?
Most Bitcoin Casinos offer very low transaction fees and online casino players can transact various times in a day, there are no limits. Traditional currency based casinos have set limits and transaction fees.
How long does it take to process a Bitcoin Payment?
Bitcoin transactions are processed instantly and this is one of Bitcoin’s biggest advantages. Withdrawals are also completed very quickly, usually within minutes and in many cases, instantly.
Can I claim a welcome bonus using Bitcoin?
Yes. Bitcoin Casinos offers a wide variety of Welcome Bonus packages, free spins bonuses and many promotions that can be claimed with Bitcoin payments.