Bitcoin Casino Online
Looking for a place to start your crypto gambling adventures? We've been there. We've spent countless hours researching different casinos, trying to find the best bitcoin casino to play at and help others do the same. Our team consists of casino enthusiasts from all over the world who play, analyze, review and rate casinos based on the value they bring to players. The lists are also updated daily so you'll never miss out on the latest bonuses.
Today, online casinos that work with cryptocurrencies, mainly Bitcoin (BTC), as the most reliable and liquid, are becoming increasingly popular. Some online casinos work exclusively with bitcoin (bitcoin casinos), while others offer BTC as an additional alternative to traditional currency.
Cryptocurrency is not losing its popularity due to the ease of payments and reliability. Players who use cryptocurrency find it convenient to conduct transactions in this particular currency, unlimited payments and no daily limits. Casinos can use bitcoins as an additional payment system, but there are platforms that are completely based on working with BTC.
It is important to understand that a bitcoin casino is any platform that supports depositing and withdrawing funds in BTC (usually in addition to standard currencies), and a blockchain casino is a platform that uses distributed ledger technology in its games, so the honesty of the casino is 100% guaranteed and verified. As of 2021, there is essentially only one really large and reliable blockchain casino - FairSpin. This is the first licensed cryptocurrency casino in the world with implemented integrity control on blockchain technology.
Read more at https://betpokies.co.nz/crypto-casinos/bitcoin-casinos
Advantages of Gambling With Cryptocurrency And Bitcoins
Online casinos have to deal with one new regulation after another, which has made payment transactions a very tightly regulated process. This is where bitcoin and other cryptocurrencies come to the rescue.
In short, virtual coins offer an alternative way to process payments on casino sites without the restrictions associated with handling fiat currency. But this is not the only advantage when it comes to cryptocurrency/blockchain.
Decentralization. One of the benefits we like most is that virtual currencies like BTC are decentralized. This means that they are not connected to governments or banks at all, which gives you full control over your funds. They cannot be blocked and your account cannot be frozen. Not only that, but when you play at a bitcoin casino, you can transfer your funds to your crypto wallet without any surveillance.
Operating costs. Any e-commerce company needs to make money and one way to do this is to transfer funds, that is, every time a customer makes a deposit or withdrawal. Conventional payment methods usually require high fees at online casinos, just like everywhere else. Fortunately, blockchain transaction fees are much lower than when using these traditional methods, which means you keep more of the money you win than you would at a standard online casino. More money in your pocket means you can play longer.
Verification. Another advantage of cryptocurrency is transparency. An example of how this is particularly useful is that thanks to the public ledger, your transactions are visible. This means that you can prove that you made the payment and verify that your withdrawal was made by the bitcoin casino.
Recognition all over the world. One of the goals of cryptocurrency is to provide a worldwide payment system without any involvement or control from a bank or government. Without this national and institutional control, it means that Bitcoin or any other cryptocurrency works the same for all Bitcoin gambling sites, no matter what country you live in. This is very similar to using virtual skins in CS:GO gambling.
Anonymity. Bitcoin is a pseudonym, so your personal data remains hidden during the transaction. Yes, the transition can be seen by everyone, but only the amount is visible. Some bitcoin casino sites offer fully anonymous accounts, which means you can play your favorite games without revealing any personal details. Yes, and transactions made at a bitcoin casino will never be recorded on your credit card or bank statement.
Disadvantages of Cryptocurrency And Bitcoin Casino Gambling
As with everything else, when there are advantages, there are disadvantages. Some people are often put off by the possibility of trying something new, even if it gives them many advantages. To give you the full picture so you can make your own decision, here are a few things you should take into consideration if you are going to play with cryptocurrency.
No recourse. Since no one owns the blockchain, if you encounter a problem with a transaction, it will be difficult for you to resolve it. While you may get some level of customer support from either your wallet provider or the crypto casino, they do not control the blockchain. Plus, if the money in your cryptocurrency wallet were to be stolen, it would be untraceable and you would only have a slim chance of getting it back. We look at it this way: it only confirms why you should use a decent crypto wallet and ensure that your funds are well protected. Of course, this is one of the areas we have covered here in this guide.
No chargebacks/cancellations. Once a transaction is confirmed, the funds leave your wallet. Therefore, if there is a problem with the casino, you don't have the option to return or cancel the payment as you would with a credit card. This is just one of the reasons why you should only play at a reputable bitcoin casino, such as those recommended by our editorial team.
Volatility. Another thing that cryptocurrencies are notorious for is their volatility, which can lead to strong fluctuations. While this can be an advantage, for example if the value of bitcoins increases, it can also work in the opposite direction.
If you play at a bitcoin casino in BTC, the volatility only affects you when you exchange your coins back into fiat currency. If the site you are playing on converts your coins to fiat currency, they may lose some value during the conversion. On the other hand, of course, you are just as likely to find that they increase in value. That's all!
How to Choose a Bitcoin Casino?
Here, our team of experts has taken care of finding the best crypto casinos. Of course, which crypto casino you choose to play at depends on your personal preferences. Our reviews include information on each of the following points to help you find the right casino for you.
If you prefer a particular cryptocurrency, you should make sure that any cryptocurrency casino you plan to play at accepts the coins of your choice, including options like casinos that accept Poli, ensuring a wider range of payment flexibility.
You will also want to check out the catalogue of games on offer. If you're not looking for casino games, you should check out our guides to betting, lotteries, dice games, and poker.
Take a close look at the different bonuses. Some bitcoin casinos offer free spins, others offer a matched bonus, and sometimes you may come across a combination of the two. We don't recommend that you let this influence your decision too much as bonuses only give you a short-term advantage. However, if you find that two bitcoin casinos offer similar benefits, it makes sense to choose only the one with the best bonus.
Pay attention to the countries with restrictions for the casinos you want to play at. This can be done by visiting our casino review page and reviewing the highlights.
Security When Playing in Bitcoin Casinos
Obviously, online security is one of the main things to consider when it comes to anything involving personal or banking details, including when playing at safe online casinos that accept cryptocurrency. Fortunately, using cryptocurrencies such as Bitcoin is one of the safest ways to play online games.
One of the main reasons why Bitcoin has become so popular is because of its security when making transactions. To access the funds in a cryptocurrency wallet, an individual needs your login details, including two-step verification. This is just one of the reasons why it is very difficult to hack a cryptocurrency.