Best Bitcoin Casinos Online 2022
Bitcoin (BTC) is a digital crypto-currency that has become very popular in the recent years especially in the gaming community. Lots of online casinos started offering Bitcoin as a payment method for both deposits, and withdrawals. Using Bitcoin as a casino deposit method comes with a number of advantages, so it comes as no surprise that players look for trusted Bitcoin casinos. That's why, our experts have created a detailed guide to Bitcoin casinos. Our professional guide includes not only a list of top Bitcoin casino sites, but also other useful information about Bitcoin.
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EXPERT GUIDE TO BITCOIN CASINOS ONLINE
Bitcoin is the newest money offering in the entire world and most people are just beginning to figure out what it is. There are plenty of skeptical individuals too, making it interesting to see who will adopt it as a currency and where it will primarily be used. Bitcoin came onto the scene in 2008 as the first digital currency or cryptocurrency.
The premise behind Bitcoin is the network is entirely online, transparent, and ‘mined.’ To give cryptocurrency like Bitcoin value, people had to use their currency, such as the dollar, euro, rand, or pound to buy it or invest in it. Plenty have debunked that a decentralized market that is transparent enough to see where the money comes from and the various transfers cannot hold value. However, the online gambling world is showing that is certainly can make a difference, including how to fund one’s online gaming from countries with strict rules. The UIGEA act in the US, which prohibits US players for gaining access to online casinos no longer applies, when someone can use Bitcoin for funding their account.
Bitcoin is also unregulated and while monitored by governments Around the World, they have no ability to step in and shut down transfers. Bitcoin casinos are those that will accept cryptocurrency, as a payment method. The top Bitcoin casinos online are those that our reviewers have assessed and determined safe for play based on several criteria.
How to Open a Bitcoin Account?
To use digital currency like Bitcoin, players need a digital wallet that will process their home currency. Coinbase and Circle are two eWallet options that accept Bitcoin transfers, meaning players transfer money from their bank to buy or ‘exchange’ it for Bitcoin. Players can also go to Bitcoin.com to set up an account. An online wallet is required. Once your money is exchanged for Bitcoin, you can then start using it at merchants that accept Bitcoin, including Bitcoin online casinos.
Bitcoin Payments at Online Casinos – How to Deposit with Bitcoin?
To deposit at Bitcoin casinos online, first players need to log into their casino account. Visit the ‘banking’ or ‘deposit’ page at the online casino. It depends on what the casino calls it, but most will have a banking page. On this page, players will see the deposit options, and it is it an online casino accepting Bitcoin, the option will be available. A wallet address will be provided. This address is for the casino to receive the deposit and will need to be entered via the digital wallet you set up. Generally, there is a prompt that leads you to the Bitcoin wallet, where you enter the address and transfer the amount of funds you desire. It takes a few seconds but is otherwise considered an instant method of depositing into the casino account. The funds, when added, are made available to play as a real money account.
Withdrawing Winnings at Online Casinos Using Bitcoin
It is possible that a casino will offer withdrawals using Bitcoin; however, not all places will accept this method. You may only see Bitcoin, as a deposit choice versus withdrawal, in which case you will have to choose a different method for removing your winnings. Many of the Bitcoin online casinos allow withdrawals using Bitcoin to avoid any unfairness in the winnings. In other words, if you play with Bitcoin, you should receive that back in terms of winnings at the current value Bitcoin holds. To withdraw the funds, players will visit the banking page, select withdrawal, and Bitcoin as the method, as well as selecting the amount they wish to withdraw back to their Bitcoin wallet.
Advantages of Using Bitcoin as a Casino Deposit Method
Why would people start to use Bitcoin as a casino deposit method? There are at least a few reasons this reviewer can think of:
- Transactions are anonymous due to the way the system is set up, making your currency safe from hackers.
- It also means your private details are safer with regards to financial transactions.
- Bitcoin operates freely without fees.
- Bitcoin is also not subject to the government regulations that banks and other financial institutions have, thus transactions cannot be prevented.
How We Select the Best Bitcoin Online Casinos
Bitcoin has plenty of advantages, but also some disadvantages. It is not a fool proof method of security given no government has direct oversight. It has been a bed to hide under for the criminal element, which is why reviewing the best Bitcoin online casinos requires overviewing certain elements.
Any casino chosen needs to have SSL encryption that rivals the banking industry to prevent players’ data from getting into the wrong hands.
Casinos that are licensed are regulated and many in Malta are currently allowing Bitcoin usage, although the concept is under review. You want a casino that has a license in good standing and from a regulated country to ensure you are playing in a safe environment.
Speed of Payouts
Obtaining your money is quick with Bitcoin, when the option is available, and other payout options can be slower, so it is best to know if you may need to wait more than a week for your withdrawal due to payout methods available.
You want to play at a casino that has your favorite games, plus choices to try and expand your entertainment, so assessing which casinos have the most in their game selection is helpful.
Being able to make your deposit, withdrawal, find the games you love, and generally move around a site is imperative and element reviewed when listing the top Bitcoin online casinos.
FREQUENTLY THOUGHT QUESTIONS
Bitcoin definitely requires a lot of questions for those who have never used the eWallet concept of digital currency. Find your answers below.
Why should I use Bitcoin?
Bitcoin is anonymous, with a virtually untraceable transfer of funds making it iDEAL to keep your identity safe from hackers.
Is Bitcoin accepted at all online casinos?
No, however more casinos are starting to add this digital currency choice because it is becoming so widespread and in demand.
Is my personal information safe?
Yes, your personal information is safer with Bitcoin’s anonymity, as well as choosing a casino that uses SSL encryption for all data.
Are there any fees?
No, the online casinos and Bitcoin wallet do not have any fees, which is different from other deposit and withdrawal options like credit cards.
Can I claim a Welcome Bonus when depositing with Bitcoin?
It is best to check with the terms and conditions of the online casino in question. Many Welcome Bonuses have specific rules about how you can accept them, including the deposit method you use. You may not find any special bonuses named “bitcoin” yet, but sometimes there are rewards for using other deposit methods.
How are my winnings paid?
Your winnings are paid either through Bitcoin or a different withdrawal method. Each casino will have a different choice for withdrawals. You may also need to play your winnings a few times before you can claim them. For example, if you used a bonus to gain the winnings you may need to play the winnings once before they are considered yours. Check the terms and conditions.
How long do Bitcoin payouts take?
Bitcoin is the fastest withdrawal method when it is available. Casinos will check the account it goes to by matching it with the registered player’s original eWallet details and then send the funds out. Within 24 to 48 hours the processing time at the casino will be complete. Once Bitcoin sees the transfer, an instant deposit into your eWallet will occur. Banks have more regulation, so it takes longer to confirm withdrawals from casinos than with Bitcoin.
Online casinos with Bitcoin deposits are starting to be commonplace, at least more so than in the last 18 months. There are still doubts in the gambling community, as well as with the general public regarding Bitcoin, but it does seem that digital currency is here to stay. It has already made it ten years and counting.
Players who want anonymity and to play at online casinos that accept Bitcoin now have options. One of the drawbacks to regulated financial institutions is that some countries can track the deposits to the casinos and this prevents a person from playing. By establishing a VPN and other hidden methods for the IP address, plus using Bitcoin players can have fun and entertainment at these casinos.
Now, it is not a suggestion for anyone to go out and do this, it is simply a statement of fact. It is far better to stay with a casino that is regulated, licensed, and in good standing with governments Around the World because this offers security, fair play, and ensures safety of the player. With Bitcoin online casinos, you can at least use a digital currency that is safer than providing bank account details. It gives an added layer of protection.