H1 – Bitcoin Casinos
P1 – Bitcoin, also commonly referred as BTC, has been amongst the biggest changes that the financial market has witnessed since the rise of the free market.
It was the first major cryptocurrency, which is now employed for many online transactions including gambling with Bitcoin casino sites. Although many other crypto currencies have followed with the path and implementations of bitcoin, it still maintains the market leader position.
The sole fact that Bitcoin has been steadily at the top, positions it as the safest cryptocurrency that websites can ‘safely’ use for transactions with their customers.
Gambling and casinos started fully transitioning online at around the same period that the BTC was invented and although most online casinos were cautious with it in the beginning, they are definitely embracing Bitcoin in 2021.
H2 – The Bitcoin Casino Industry & Blockchain Technology
P2 – Before you go ahead and join a Bitcoin casino, it would be wise to gain a bit of knowledge regarding cryptocurrencies and how they work.
To begin with, cryptocurrencies are decentralized. Meaning that they are not tied to a central bank or any other physical entity. This characteristic is what made it popular in the first place, as people employed Bitcoin to conduct transactions online without any 3rd party interference.
As any country-based currency, Bitcoin’s value changes day in, day out too. As it becomes more popular year after year, it is also accepted by a larger pool of businesses,from online service payments to pizza delivery outlets, almost every modern industry accepts bitcoin payments, including casinos.
If you are looking to deposit and simply play for a couple of hours a week on an online casino, and don’t want your bank to know about it, then you shouldn’t bother with how blockchain technologies work; just purchase Bitcoin by exchanging for a Fiat currency through the online casino; fiat currencies or fiat money is any Government issued currency.
H3 – Why play on a Bitcoin Casino?
P3 – There are a few reasons that make Bitcoin casinos a great choice for players, but there are also some facts that you should keep in mind when gambling online using cryptocurrencies.
Pros of BTC Casino
Secure Transactions – bitcoin exchanges occur through blockchain technology, rather a centralized bank, which makes it one of the safest ways to perform transactions online. Experts claim that it is immune to hackers due to its open nature.
No deposit limits – although there are various payment methods available on casinos, all of these tend to have maximum deposit amounts. Bitcoin, alongside some Skrill & Neteller, does not restrict casino players in any way.
Quick processing times – casino deposits always take place instantly no matter the chosen method, but withdrawals tend to take 2-5 business days. This can be frustrating for many, so Bitcoin casino withdrawals that take an instant might be refreshing to many.
Keep in mind this would not apply to everyone. If you are a VIP player for example, transactions are instant. To find out more about VIP programs and becoming a VIP on casinos, be sure to check out our VIP casino guide. [link to VIP casinos page]
Privacy – BTC has the added benefit, compared to all other deposit methods, of maintaining your private information better than any other payment system. You won’t have to share your card or financial details with any casino if you choose a Bitcoin casino.
Small fees – the fees for Bitcoin transactions tend to be on the lower side compared to the most used payment gateways.
Cons of Bitcoin Casino Sites
Fluctuating value – well, this is the biggest downer when it comes to Bitcoin casinos. You might have made a huge win (won lots more than you invested) over time, while gambling with Bitcoin, but at the time you need to withdraw your funds their value could be at a 30% lower rate than it was when you deposited. But keep in mind it could also be 50% higher!
Limited casino options – although Bitcoin is becoming more and more widespread across the biggest online casinos, there are still many sites that might not accept it as a payment method. This could cost you some great promotions and there might be some extra time required to find a casino of your liking. Not to worry though cause this is where we come in.
Requires some expertise – not all online casino players are digital natives and even some of the by now ‘classic’ online payment methods could confuse them. Setting up a digital wallet and performing successful transactions online does indeed require some basic expertise.
H4 – How to Deposit on a Bitcoin Casino
P4 – After you have found a bitcoin casino that you feel is right for you, there are a few easy steps that you need to follow in order to deposit using a cryptocurrency (we take it as a given that you have a digital wallet). If you do not have a digital wallet, please check out our digital wallet guide:
- Once logged in, locate the ‘Deposit’ button (or possibly ‘Bank’ depending on your operator) of your casino.
- Select Bitcoin amongst the available payment gateways and key in the amount you want to deposit to your casino account. You can select one of the available currencies and the conversion will occur automatically.
- Launch the Bitcoin app on your phone or tablet or open your Bitcoin wallet to receive the key code.
- Enter the key code in the designated field, confirm the payment and the amount will be credited to your casino account.
As you can see, depositing using Bitcoin is not a big deal, as long as you have found the best online casino that accepts this payment method. Keep in mind that as time goes on and the currency gets more widespread, this process will only get easier.
H5 – How to know if a Bitcoin Casino is legal?
P5 – The steps involved when checking if a Bitcoin casino is legal are pretty much the same like when you are picking any other online casino. Nonetheless, there is a conception that unlicensed casinos tend to employ BTC the most as a unique selling point to attract online players.
Licenses – All online casinos that operate legally have to be licensed by one official gambling authority. The most well-known are the MGA and Curacao licenses. . Although both are safe sites to play on, keep in mind that MGA licensed sites might have more intense responsible gaming tools in place. You should always scroll down to the footer of the website and click on the license to see if it is linking to the official gambling body. Here at Bestcasinoforme, we only promote safe and licensed casinos for our players.
Fairness – Online casinos that are regulated and have a license to operate are required to employ a return to player tool within their games. That way you can rest assured that the game is not a one way trip to losing all your funds and does actually credit wins at the relevant RTP of the game (typically between 90 and 99%)
Gambling safety- Independent bodies like Gamstop in the UK and the CGA in Canada, monitor that all licensed sites adhere to these regulations and they don’t manipulate their games. You can check whether the online casino you joined is under the radar of this organization.
Customer Service – Illegal casinos might appear that they offer customer service, but they are not very likely to respond to you. You might be lucky to get a bot answering your queries but that would be about it Trying to chat or emailing them might illustrate if they are actually offering any customer support.
Promotions – Most casinos online tend to have a Welcome Offer and other bonuses in place, but if the offering seems too good to be true – well it might not be. Don’t rush to join and deposit your Bitcoins before you check the above points we made.
Lastly, if you are unsure if the site is safe and legal, then you can email us or pick one of the Bitcoin casinos on our list – which are all legal and safe to play.
H6 – The best Bitcoin casino
P6 – Picking one amongst all the top-rated Bitcoin casinos in our list might be challenging; this is why we separated one from all of the other options as the best Bitcoin casino.
How did we choose ‘X’ as the best Bitcoin casino? There are many factors that we weigh against when evaluating and comparing sites. Some of the major aspects we explore include:
Payment methods and processing times – besides Bitcoin, a casino site must offer a variety of other payment methods to be rated with 5 stars by our team. We also check that deposits and withdrawals are processed easily and without much hassle.
Customer support – all casino sites should have a reliable support team, but bitcoin casinos in particular should dedicate more resources for that purpose. Many customers might struggle depositing with BTC at first.
Promotions – yes, promotions are an essential factor to be amongst the top Bitcoin casino sites in our list. The best bitcoin casino should offer more than just a 100% matched deposit bonus and a few free spins to its players.
User-friendly interface – using the Bitcoin casino should be easier than most casino sites. Players should be able to find the promotions, the available games and anything they are looking for relatively easily.
Game offerings – most Bitcoin casinos offer much more than just slots. The best Bitcoin casino should offer Sportsbook, live table games (blackjack, Roulette etc)and all the classic casino games.
X has excelled in all of the above areas, while offering added value to its players through sophisticated VIP programs and loyalty bonuses. It’s reputation as an online casino has also helped it stand out as the best Bitcoin casino one can play in 2021.
Join to see for yourself!
