Casinos Accepting Bitcoin
When Bitcoin was first introduced in 2008, not many people paid attention. But within a few short years, the cryptocurrency has become an important way for us to exchange funds and make purchases online.
One of the main areas in which the cryptocurrency has made a big impact is in the online casino industry. This is especially the case for players who don’t want to open new player accounts at online casinos and hand over their personal or banking details.
More and more, we’re noticing online casinos accepting this payment method, and it makes an exceptional alternative to some of the more traditional deposit options.
Let’s take a closer look at casinos that accept Bitcoin and how you can enhance your online gambling experience using cryptocurrency.
Bitcoin – An Overview
Firstly, Bitcoin is a cryptocurrency that’s pretty much all the rage. The virtual currency can be used to both send and receive payments completely anonymously. That means there’s no central bank producing a physical currency and it’s not a currency tied to a particular nation. In fact, Bitcoin is mined into existence by computers running impressive equations.
Mining the currency requires extremely powerful computers. That’s why only a small number of highly specialised miners produce the cryptocurrency.
Once Bitcoin is mined, it’s similar to PayPal in that it passes from one virtual wallet to another. The difference, though, is that the wallets are completely virtual. They exist, rather, on your hard drive. Lose the hard drive, and you lose your wallet. It’s arguably Bitcoin’s biggest downfall.
Each wallet has a unique code that you can use to send money. The code is similar to a bank account, but you can only use it to add money to your wallet and not withdraw from your Bitcoin account. Also, the code doesn’t display any information about the contents of your wallet or who you are. You won’t be able to see anyone else’s details, either, if they send you money.
Bitcoin is completely anonymous, and it’s one of the man reasons that casinos accepting Bitcoin are doing so well.
Playing at Bitcoin Casinos
Most of the big brands within the online casino arena now accept Bitcoin payment method. Often, you’ll find casinos accepting Bitcoin only and no other form of payment.
Finding the perfect casino that accepts Bitcoin is daunting. But that’s where Minimum Deposit Casinos can help. We rate and review all the best casinos that accept Bitcoin to help you make an informed decision.
Don’t Forget About Bitcoin Casino Bonuses
Once you’ve decided on a Bitcoin casino to try, there are plenty of bonuses and promotions to choose from. Just because you want to play with the cryptocurrency doesn’t mean you can’t claim some incredible bonuses. Bitcoin casinos are still somewhat niche, which means they’re pulling out all the stops to attract new players, and for you, that means big bonuses.
Bitcoin casinos offer everything from loyalty schemed and free spins to match deposits to help your cryptocurrency stretch even further and enhance your gameplay.
Why You Should Play at Bitcoin Casinos
There are plenty of reasons to play at casinos accepting Bitcoin. For starters, it’s quickly becoming the currency of the future, which means now is the perfect time to start investing in the cryptocurrency. Using your Bitcoin to play your favourite online casino games is a great way to a whole lot out of your investments, provided you win!
One of the main reasons players love using Bitcoin is the security along with anonymity. You don’t need to connect your cryptocurrency wallet to your debit or credit card, or even to your online casino account. You just need your Bitcoin wallet and that’s it!
Once your Bitcoin wallet is set up and you’ve got the hang of using it, it can be one of the fastest payment methods around. It’s incredibly easy to send money to casinos and receive your winnings, with most transactions being instant.
Top Tips for Using Your Bitcoin
Bitcoin may be a virtual currency, but it’s still a currency. Here are some of the best tips we can give you to make sure you make the most of it.
1. Keep your wallet safe
There’s probably going to be a fair bit of money going into and out of your virtual wallet, so make sure you keep it safe. In the case of a corrupt device, theft or being hacked, you want to make sure your money is completely secure.
2. Watch the value
Bitcoin, like any other sort of investment or currency, goes up and down – maybe even more often than tangible currencies. When you play at online casinos with Bitcoin, you’re basically exchanging your cryptocurrency for casino credits, which can then be swapped for cash. Just like you would do when exchanging currencies, wait for when Bitcoin is high to sell!
3. Don’t be afraid to use other methods
If Bitcoin is especially low at the time you’re playing with it and you want to withdraw your winnings, you can keep your money in your casino account or go ahead and withdraw it using another accepted banking method. Take note, though, that many casinos accepting Bitcoin don’t always accept other payment methods, so make sure you familiarise yourself with the ins and outs before signing up with a particular casino.
4. Don’t forget the casino bonuses
Bitcoin casinos often offer big bonuses, as we’ve mentioned. Don’t forget to grab yours! You can go through our reviews of the latest Bitcoin casinos to find the best bonuses for your gaming needs.
5. Know what it’s worth
One of the downsides of this cryptocurrency is that it’s difficult to connect to real money. So, when you use a debit card, for example, you know just how much you lose because you can keep an eye on your bank account. With Bitcoin, though, once you convert it to casino credits and play with them, you lose that connection.
That means it’s a little too easy to get carried away and gamble more than you normally would. So, do keep an eye on those credits and how much they’re worth and then connect them to a currency value.
The Best Casino Games to Play with Bitcoin
Big bonuses are great for games of chance like slots and roulette. That’s because you can get your hands on plenty of bonus cash and instead of blowing it bit by bit, you can wager it all on one single bet. With Bitcoin casinos, the bonuses tend to be sizeable, which means that if you want to play games of change with bitcoin and put down a solitary big bet, you can go for it! It also means you’re in a chance for a rather big payday.
As for games of skill like blackjack and poker, if you know your stuff and you’re willing to go big, you could make a lot of cash. With Bitcoin, these games can be played uninterrupted and with no need for ID checks or other issues that often come up with online casinos.
In other words, any game you play with your Bitcoin just seems quicker and easier!
Depositing and Withdrawing with Bitcoin at Online Casinos
If you’ve not used Bitcoin yet, it can be a little tricky to get the hang of. You need to sign up and download a wallet and then get your unique wallet ID. You can then purchase Bitcoins from your preferred exchange and pay the going rate at that particular time.
The good news is that it does get easier, especially when you choose a Bitcoin online casino. All you have to do is choose the Bitcoin payment option and send money from your wallet ID. Once the connection’s made, and the casino acknowledges the funds, they’ll pop up in your account immediately.
You can’t use Bitcoins the same way you would your native currency. One Bitcoin, for example, is actually equivalent to thousands of dollars, and you’re probably not going to blow that sort of cash on a single spin of the reels. That’s why casinos convert your Bitcoin deposit into casino credits and then you can use your credits any way you like on your favourite casino games.
It’s also worth mentioning that Bitcoin doesn’t charge any additional fees to use it as your preferred payment method at an online casino. However, keep in mind that if you use an exchange to purchase your Bitcoins, you may be charged a minimal fee for the transactions. But fees don’t apply when you make Bitcoin deposits or withdrawals at online casinos.
Is Bitcoin the Way to Play?
It all comes down to what you prefer and whether or not you find Bitcoin to be a better option compared to other online casino payment methods. For many players, the security and anonymity along with the ease of use are ideal.
But in most cases, the people who prefer to play with Bitcoin are the ones who are already familiar with the currency and have a small stockpile to play around with.
Bitcoin Casinos Are Safe and Reliable
Finally, if you’re wondering whether or not Bitcoin casinos are safe, the answer is yes. All online casinos, no matter what payment methods they accept, should be safe. That’s because they must adhere to strict rules and regulations and they should always carry security certificates and information on regulators and auditors.
All the casinos that make our list have been thoroughly reviewed for safety, licensing and fairness, so there’s nothing to worry about if you want to use Bitcoin at one of our recommended online casinos.
Conclusion
While it’s not easy to predict Bitcoin’s future since its value tends to be unsteady and often fluctuates, there is no denying that this is the currency of the future. For now, Bitcoin casinos remain an excellent way to enjoy an exceptional online gambling experience with plenty of ways to play and win.