Bitcoin VS Other Crypto Currencies who gives you the best bonuses 

The Bitcoin business is booming, and Bitcoin Casinos are flourishing as they adapt to an ever-evolving industry. Vera & John was the first licensed casino to accept Bitcoin, triggering a trend that other forward-looking online casinos soon followed. Simply conduct a quick search online for crypto casinos and you’ll see just what we mean – there are an abundance of brands that have delved into the world of bitcoin, and that are reaping the rewards in the process – because it brings them more players who are searching for casinos that meet their unique depositing needs.

The allure of Bitcoin casinos is relatively simple to understand – casino players crave the anonymity that cryptocurrency is able to provide. They can play online discreetly, additionally benefiting from low transaction fees and lightning-fast withdrawals.

Bitcoin casinos don’t only support Bitcoin, however – they offer multiple cryptocurrencies to play with, including popular crypto payment methods such as Bitcoin Cash, Ethereum, and Litecoin. You may be surprised to know that there are thousands of cryptocurrencies (not all available at online casinos, of course), which all launched after Bitcoin blazed the trail back in 2009.

A $/€10 deposit online casino where you can use a range of cryptocurrencies is 7Bit – offering you the best and boldest Bitcoin bonuses, which are a common practice at Bitcoin Casinos.

Keep reading to find out what mesmerising bonuses await when you play at your preferred crypto casino.

Most Popular bonuses you can get with Bitcoin casinos

7Bit is a $/€10 deposit online casino that rewards you lavishly with an epic Bitcoin-based welcome package as soon as you sign up. Let’s break the 7Bit casino offer down in detail:

• On your first deposit, get a 100% match up to $/€100 or 1.5 BTC, as well as 100 free spins
• On your second deposit, get a 50% match up to $/€100 or 1.25 BTC
• On your third deposit, get a 50% match up to $/€200 or 1.25 BTC
• And finally, on your fourth deposit, get a 100% match up to $/€100 or 1 BTC

There’s more fantastic bonuses up 7Bit’s sleeve! Every Monday, you’ll qualify for a reload bonus, giving you extra Bitcoin to play with. Each Wednesday, you’ll be able to revel in free spins on a popular game, and finally – get cashback every day, even on weekends, allocated to you in Bitcoin!

Welcome Bonus

Deposit $/€10 Get 100% match up to $/€100

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Bitstarz welcome offer is equally as epic: on your first deposit, you’ll get a 100% bonus up to 1 BTC, as well as 180 free spins.

These welcome bonuses are just a taste of the magical type of offers you can expect from Bitcoin Casinos. And they’re not just limited to Bitcoin, either. Free spins, cashback, deposit match bonuses, and more are yours to claim using other cryptocurrencies, or more traditional payment methods such as debit and credit cards, e-wallets, or EFTs – just explore the casino’s Promotions page to get a full overview of the types of bonuses on offer, and navigate the Banking page or casino cashier to get a full overview of payment types.

Welcome Offer

Deposit Get 100% bonus up to 1 BTC + 180 Free Spins

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Other Crypto Currencies at Online Casinos

Tether, Dogecoin, Litecoin, and Ethereum are just some of the alternative cryptocurrencies that are available at crypto casinos. Each casino differs, however, but the most popular options, such as the ones we’ve just mentioned, usually always feature. You can find out the types available to you by making your way to the casino’s Banking page to see what deposit and withdrawal methods are at your disposal – you’ll also be able to get an indication of processing times (that is, how long your withdrawals should take), as well as any minimum deposit requirements on this page.

Offers at Casinos when you play with Ethereum

7Bit and Bitstarz both offer Ethereum bonuses. For example, the reload bonus and weekly cashback offers are both claimable in this cryptocurrency. But, you qualify for other bonuses when you deposit with Ethereum, too: you’ll still be able to claim all of the crypto casino’s bonuses when you use this payment method – look forward to claiming them all: free spins, deposit match offers, reward multipliers, loyalty bonuses, referral bonuses, VIP bonuses, and no-deposit bonuses, too!

Summary of Bitcoin VS Crypto Currencies

Bitcoin was the first decentralised cryptocurrency, which means that no third-parties (such as banks) are required to assist in the transaction process. Yay for you, because this means lower costs! Since its inception in 2009, other cryptocurrencies (known as altcoins) have followed suit, and have become popular – although none quite rival the popularity of their predecessor. There are thousands of these cryptocurrencies available, such as casino-popular names such as Litecoin and Ethereum. So, whether you choose to play at a cryptocurrency casino because of Bitcoin, or if you prefer to use any of the other cryptocurrencies your particular casino of choice offers, you’ll be glad to know that you’re going to get the same exceptional offers.

 Why Cryptocurrency is gaining popularity in Canadian Casinos 

Bitcoin casinos in Canada are becoming increasingly popular as the currency delivers advantages that banks, and other payment systems simply cannot match. The biggest and most obvious is the incredible value increases we’ve seen with Bitcoin over the last few years. The currency is also decentralized and uses encryption technology to carry out transactions is a 100% safe manner.

With these added benefits, you’ll still have all the casino benefits, including promotions, their large selection of games and more, depending on what the casino offers. The fact is, choosing Bitcoin as your casino currency means you add the benefit of higher security without losing any of the other online casino benefits. Let’s have a look at Bitcoin casinos in more detail and find out what makes them a great choice!

 Complete anonymity when making deposits with Bitcoin

One of the factors that made Bitcoin famous at online casinos is that it’s completely anonymous and dementalized. This means using Bitcoin won’t reveal any of your information, making it a 100% safe option for online use as no one can hack your Bitcoin to see your personal details or your account. However, it’s important to choose a highly rated Bitcoin account that offers excellent security or simply using the casino’s exchange option.

Each transaction is completed by what’s called a block-chain, which encrypts each payment. The system uses volunteers around the world, thousands of them who use their computers to allow Bitcoin to complete transactions on the Block-chain. These provide has-tags that validate the transactions and ensure they are usually invisible, making it impossible for hackers or anyone for that matter to see your personal details or the information of the transaction.

 Universal currency anyone can play in

Bitcoin doesn’t belong to any specific country or bank, allowing everyone around the world to gain the benefits of the currency. You don’t need to be in any specific country or have a particular bank account to purchase Bitcoin. Therefore, everyone can use it to transact anonymously at Bitcoin Casinos or other online portals.

There are some countries where Bitcoin has been banned, including Qatar, Tunisia, Bangladesh, Algeria, China, Egypt, Iraq, Nepal, and Morocco. Apart from these countries, you have the freedom to create an account with a Bitcoin wallet or online casinos and purchase the coins. Some casinos don’t offer an exchange, but rather link directly with your Bitcoin account. This means you won’t make deposits or withdrawals as your account balance is updated instantly after a wager and win.

Game developers at our recommended Bitcoin casinos make it possible to use the currency even while playing games. The games use Millibitcoin mBTC, which is 1/10 of a Bitcoin that makes it easier to use the currency, even if you have a low account balance. mBTC is Bitcoin, but instead of your account showing 0.001BTC, it will show 1.0mBTC. This is available with just about all the major game providers, giving players the freedom to play slots to live dealer games and wager the amount they prefer.

The value of Bitcoin is increasing

Bitcoin isn’t just a brilliant option at online casinos, but also for investors who are counting on the value increasing. We’ve all heard of the multiple millionaires made by Bitcoin, which is completely understandable considering the 70% value increase in 2021.

For someone wanting to use the currency at Bitcoin casinos will have the possible value increase count in their favour, unlike any other currency. While you’re playing with Bitcoin, the value might increase, which doesn’t only rise the value of the funds in your account, but the winnings you activate as well.

Even though we’ve seen major drops in value over the last few years, the currency manages to bounce back every time and reach new record highs. There’s no guarantee that the value will keep increasing but keeping an eye on the currency and following Bitcoin news will keep you updated on the predictions and when you should consider selling.

Some Bitcoin casinos even include an exchange service, allowing you to convert you Bitcoin into USD, EUR or any other currency of your choice. You even buy more while the value is low and have even more Bitcoins when the value reaches a new record.

Summary of Bitcoin Casinos

Bitcoin casinos add excellent benefits to your gambling platform, which isn’t just about security, but also the ease of use and its value increases. More and more players are using BTC for online gambling as you score the same benefits as with a standard currency while adding better security and playing anonymously.

Players who want to benefit from Bitcoin simply need to choose a casino with exchange or they can create an account. If you haven’t selected a Bitcoin casino yet, do so on our minimum deposit page where you can test out the system before making bigger deposits.

Why its better to have KYC at Crypto Casinos

It hardly seems that only a few short years ago, the only payment providers available at online casinos were credit and debit cards, top-up vouchers, e-Wallets, Bank Transfers, and a few other country-specific banking providers. Crypto casinos are now becoming more popular as they provide very advantageous benefits. Players have the choice of whether to play at a casino that offers completely anonymous online gambling or a casino that complies with KYC (Know Your Customers) procedure. While both ways are legal and popular in and of themselves, our article outlines why we think it’s better to play at Crypto casinos that work with KYC procedures.

A cryptocurrency is a digital or virtual currency similar to real-world currency, also known as fiat currency, or currency backed by the government that issued it. Cryptocurrency is not tangible, which makes it nearly impossible to counterfeit or double-spend. Crypto is also anonymous. In recent years, crypto has found favour with online casinos thanks to its pseudonymity and ease of transfer. Anonymity is provided by holding a crypto address without revealing anything about your identity in that address, and one person can store multiple addresses.

Gambling Protection

After you register at an online casino and at some online casinos during the registration process, player verification protocols must be met under online casino gaming laws. Verification is the process of sending documents, such as identity documents and utility bills, or other information in digital form to prove your age, identity, and address. ID verification fulfills security checks to prevent money laundering, protect the player’s funds from being stolen by hackers, and proves that you are over the legal online gambling age.

Responsible Gambling has also become a hot topic over the past few years, and all top-quality casinos, including Crypto Casinos, offer their maximum support to help identify and protect against problem gambling. This includes providing an extensive database of useful articles, contact details for support groups, and ways to limit your spending and gambling time at the online casino. Typically casinos also offer self-exclusion, which players can use to ensure their online gambling stays in control. To prevent players that have signed contracts of self-exclusion, KYC prevents these players from bypassing the system and playing with multiple accounts.

Safety and Security for you and the casino

When playing at a Crypto Casino with Provably Fair certification, rest assured that it comes with the best security and gaming environment that adheres to fair play gaming rules. Bitcoin casinos are also licensed out of respectable jurisdictions, meaning that they are regulated to offer a legit online casino experience.

Provably Fair is an algorithm that analyses and verifies the fairness of an operator’s software. While traditional online casinos don’t need to use this software as they are regulated and licensed, with Bitcoin casinos being mostly unlicensed, Provably Fair marks a top online casino. The algorithm scans the operator’s service and makes sure that all the games are being checked continually and performing according to industry standards. On the other hand, Provably Fair certification ensures gamers that the place they are playing at is safe and secure.

Prevent Fraud and Other Illegal Activities

While there are Bitcoin Casinos with no verification process to complete, you will get started by providing some very basic information. This includes a user name, password, and email address. Playing at no verification online casinos will have you playing in no time. When you request a withdrawal, there are usually no delays or security checks, and your money will reach your Bitcoin wallet in minutes. But even anonymity has its limits. Should you go on a lucky streak and end up winning a lot of money, you will be asked for additional verification. Even the best and most notable Bitcoin casino sites have to be careful not to leave their door open to money laundering accusations, which can be a serious threat to their business.

Ensure you don’t get in trouble with your tax authorities

As we’ve already covered, KYC is a procedure carried out by online casinos to verify the identity of its potential and existing customers. It’s a process designed to avoid putting the casino at risk of being used for tax fraud and money laundering. The best and most notable Bitcoin casinos operate in compliance with KYC procedures to fulfill gaming-related laws within the jurisdictions they target. They are obliged to get their players’ personal information like name, age, address, and some more stringent casinos will even ask for some details. When you play at regulated online casinos, you can deposit with a large selection of banking providers that include crypto like Bitcoin.

What are Bitcoin Casinos?

Bitcoin is the largest cryptocurrency in the world and now accepted at many top-quality online casinos. Some advantages of using Bitcoin to deposit and withdraw include its accessibility and availability, excellent security measures, and Blockchain technology for transparency in database transactions.

When you use Bitcoin to deposit and withdraw at online casinos, you will benefit from double the security on payments as it comes with its own range of security features. Bitcoin is also decentralized, which means there is no central power controlling it, and you have complete control over your funds at all times. Bitcoin is now freely available at many online casinos and can be used to play all the casino games, including Bitcoin slots and Bitcoin table games.

Volatility of Bitcoin: How your Winnings could double in value in a short space of time

When it comes to finding the best payment methods to use on online casinos and other betting sites, there is a huge array of choices. From credit and debit cards to e-wallets, there are plenty of options, and you can choose the best fit for your needs and lifestyle. There is one method in particular, however, which has been growing in popularity recently: cryptocurrency, and especially Bitcoin.

Bitcoin is a type of currency which is digital and totally virtual. Itis essentially a version of cash which is entirely online, and can be used to purchase products or sign up to services – including online casinos.

Bitcoin may seem complicated, but it is actually a pretty straightforward concept, and you will find plenty of guidance on any Bitcoin payment method page. Every Bitcoin works in a similar way to a computer file, and are all stored in a digital wallet, which may live on your computer or smartphone. Consumers are able to send Bitcoin, or parts, to the wallet, and they can be traded between users. Each transaction is recorded on the ‘blockchain’ – a public list that allows you to trace the entire history of Bitcoins. This prevents people from making illegal copies, undoing transactions or spending coins they do not have.

There are three main methods for getting your hands on Bitcoins; they can be purchased using real money, accepted as payment for goods or services, or created using a computer.

There is a huge range of benefits to choosing Bitcoin, and the primary one is security. The blockchain means that every single Bitcoin is a public record; there is no way you can be a victim of fraud, or spend any currency you do not possess. Making transactions via Bitcoin is also anonymous, and a perfect solution for anyone looking for a more discrete method of making transactions.

While every Bitcoin interaction is a matter of public record, this list does not include any identities, such as names, addresses or other financial records.

Bitcoin-friendly Casinos with amazing bonuses

It can still be difficult to find a casino that will accept transactions via Bitcoin; it is still fairly niche, though the popularity is increasing every day. There are two main casinos that are often name-dropped with regards to cryptocurrency; Playamo and Bitstarz; both popular sites with plenty of the top games and titles to choose from.

• Bitstarz Casino

Bitstarz is a site which really embraces Bitcoin, and includes this in their welcome offer; any Bitstarz Review will include it! The first deposit you make will see you grab a 100% match bonus up to 5BTC, as well as a whopping 180 free spins to spend on Wolf Gold, Boomanji or Fruit Zen. The first 20 spins will be added to your account 23 hours after you make your initial deposit and another 20-24 hours later. This continues for 9 days until you reach the grand total of 180.

The second deposit you make sees you grab a 50% bonus up to 5BTC and this is instantly credited to your account. This is a great way to really boost your initial deposit, helping it to go as far as possible and giving you the chance to totally explore the casino in all its glory before you decide whether to commit.

• Playamo Casino

Playamo is another big name in the world of the Bitcoin Casino, and any Playamo Casino Reviews will be sure to hype up this important aspect of the site. New players can enjoy a $/€100 welcome bonus, with a 100% match bonus up to $/€100, plus 100 free spins. While this deal may not be as Bitcoin focuses as Bitstarz, but they nonetheless accept this cryptocurrency as payment and remain one of the few sites to do so.

Verdict

Bitcoin may not be the most popular payment method, but it is certainly something that is worth examining and exploring if you are looking for an alternative to typical credit and debit cards or eWallets. This is a way to enjoy a secure and anonymous payment system that takes care of transactions without requiring extensive financial information and details.

The number of casinos that are starting to accept and embrace Bitcoin is on the rise, and you only have to Google the term to embrace a ‘how to deposit $1 in Bitcoin article.’ They are super popular for low deposit casinos and can be a great way to add a little spice to your casino experience, offering all the perks that cryptocurrency can bring.

Bitcoin Casinos – How Safe Are They?

Some industry watchers believed Bitcoin and online casinos are a match made in heaven; the reason at a closer look is not far-fetched.

You see, the gambling industry has struggled for a long time to get rid of a long history smeared in bad rep and publicity. And players over time have learned to seek out discreet, secure and safe gaming houses to satisfy their itch.

So, it is not surprising that the gaming industry was the first couple of businesses to adopt Bitcoin and its underlying Blockchain technology in their operation.

Now with several casinos running on Blockchain technology players can be safe in the knowledge that their personal information, transaction histories, and banking details are secure, encrypted, and anonymous.

What is a bitcoin casino?

These are new generation online casinos that rely on Blockchain technology and cryptocurrency such as Bitcoin to handle deposits and withdrawal on their platform.

In other words, the player has to fund their account using digital currency and also withdraw their winnings as a cryptocurrency. No need for fiat currencies, no need for financial houses.

This obviously benefits both the operator and gamer. One of such benefits is the elimination of transaction fees.

Now, for online casino operators using traditional payment platforms, they often pay a transaction fee for each transaction conducted on their system; these extra charges are often shifted to the final gamers.

Compare that to the Bitcoin casinos with little to no transaction fees. The operator can offer more enticing mouthwatering perks like improved welcome bonuses, side freebies, and the player doesn’t have to pay any transaction fees too.

Another attractive feature of a bitcoin casino is the opportunity for anonymity. You see, when a player decides to enjoy a game on conventional online casinos, they are often required to fill in personal details like banking information, names, contact addresses, and perhaps other personal identification information.

That’s not the case playing a bitcoin casino; you are only required to provide an email address that way your privacy is protected.

That said it is essential to note that you’re likely to encounter any of these three types of bitcoin casinos online.

One, there’s the full bitcoin casinos – these allow you to play anonymously with Bitcoin as currency only. They don’t have options for other payment methods.

Then, there are the hybrid online casinos – these lists bitcoin as one of the payment options available. You can deposit, play, and withdraw using the digital currency.

Finally, there are the online casinos that accept bitcoin deposits then convert it to fiat currencies to play with. They don’t support Bitcoin withdrawal.

But, how does bitcoin casinos work?

Just like traditional casinos, a bitcoin(BTC) powered casino needs a system to handle and process its transaction; and a medium to accept deposits.

However, instead of the regular fiat currencies – think: dollar, Euro, Yen, pounds, get the idea? The platform uses digital money but in this case, Bitcoin.

Also, most bitcoin casinos, especially for those with a large user base, operate the self-developed software. These programs manage and run the game, even taking on the role of dealers for all-human games.

Are they safe?

Be rest assured, your private information is safe and also your activities are anonymous. However, concerns exist about whether bitcoin casinos are fair or not; this arises from the fact that both the operators and users are anonymous and can hardly be tracked.

To address the challenge of fairness, build trust and show transparency, most of these operators publish how their algorithm works and how the random number generator operates – this way anyone that cares can run a check on the website.

In conclusion

Digital currencies have come to stay, and with the rave for foolproof security measures online, businesses including online casinos will have no choice but to adopt or integrate the technology with their platform.

For players searching for a bit more discretion, Bitcoin casinos offer the best option

If you aren’t fully convinced with Bitcoin as a method you want to use take a look at our other casino payment options here.

Gibraltar now welcomes cryptocurrency such as Bitcoin within its jurisdiction. The start of the year has seen the regulation, which serves as a protective means designed to provide insulation against organisations that take cryptocurrency, come into effect.
The regulation has given rise to new hope for optimised global regulation and is set to promote the well-being of online companies, especially in the online gambling sector where more and more online casinos are using blockchain-supported cryptocurrency transactions for deposits and payouts.

Reputation Protection and Blockchain

Gibraltar’s reputation and, of course, crypto customers alike are priorities of the new regulation protection. The regulations very clearly insist on companies storing and transmitting value that is to be licensed by the Financial Services Commission (GFSC).

How the Licensing System Works

Gibraltar’s very first cryptocurrency regulation has been dubbed the Digital Ledger Technology (DTL) Regulatory Framework. The regulation is intended to create acceptance of cryptocurrency and Bitcoin and not a blatant protective intervention. The DLT Framework is supposed to lay down the stepping stones for further cryptocurrency sector legislation in an area that holds online gambling and financial services as the pillars of a relatively shielded economy.

What’s Expected of Organisations?

The new regulations clearly call for all DLT providers to communicate with customers plainly and fairly. This means complete transparency is mandatory in an effort to respect the fears and risks that businesses and customers alike display when new licenses come into play.
What’s more, crypto-licensed companies will now have to be proactive in the protection of client money and assets.

Why Gibraltar?

Gibraltar seems to be the perfect domain in which to explore cryptocurrency regulation models. The jurisdiction’s legal system is vehemently independent of the UK. Now, we know that Gibraltar has a long history of pioneering economic priorities and unique government policies.
With this in mind, there’s no doubt Gibraltar is a haven for determined online casinos and online sports betting companies thanks to enticing corporate tax incentives and rather lax regulations aimed at encouraging innovation and growth.

What Does This Mean for Online Gamblers?

Gibraltar isn’t just some gorgeous destination, it boasts an incredibly flexible taxation system. Considering its close relationship with the UK, it’s one of the most forgiving systems in terms of gambling. That’s why it’s a haven for crypto investors from around the world.
In short, that means a great many funds in crypto-casinos and even better payouts. Just like Malta, Gibraltar is actively introducing its new crypto regulation that will render Bitcoin that much safer, along with crypto wallets, cryptoATMS and a ton of other exciting initiatives.
We’ve already seen how Bitcoin has taken the world by storm. This means heaps of money for those people smart enough to jump on the bandwagon early enough. If you’re just getting ready to jump on that Bitcoin bandwagon, it’s exciting that Gibraltar, and the online world of gambling, has your back. Now that you have all the information take a look at our review of one of the only casinos to already accept cryptocurrency Bitstarz.