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Crypto and Bitcoin gambling Sites

Cryptocurrencies growing rapidly, and Bitcoin being at the forefront of this movement, we made it our mission to provide all the information you need to distinguish good from bad crypto gambling casino sites.

Here’s the thing: with so many bitcoin casinos out there, you may be wondering where you should even begin. It’s perfectly understandable if you’re feeling a bit overwhelmed. Which coin should you choose for playing online? What games are available? What differs from site to site? And so on.

Advantages of crypto gambling

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 have come to the rescue.

In short, cryptocurrencies provide an alternative way to process payments on casino sites without the restrictions that come with fiat currency processing. But that isn’t the only advantage when it comes to cryptocurrencies and the blockchain.

Decentralization

One of the advantages we like best here at CryptoCasinos is that virtual currencies such as Bitcoin are decentralized. This means that they have no connection with governments or banks at all, which puts you in complete control of your funds. They can’t be blocked, and your account can’t be frozen. Not only that, while playing at a bitcoin casino, you can transfer your funds to a crypto wallet without anyone watching.

Transaction Fees

Any e-commerce company needs to make money, and one way to do that is through the transferral of funds i.e., each time a customer makes either a deposit or withdrawal. Conventional payment methods tend to come with high fees at online casinos, as they do anywhere else. Fortunately, blockchain transaction fees are far lower than these conventional methods, meaning that you get to keep more of the money you win than you would at a standard online casino. More money in your pocket means that you can play for longer.

Verification

Another advantage of cryptocurrency is transparency. An example of how this is particularly helpful lies in the fact that, due to the public ledger, your transactions are visible. This means you can prove you made a payment and verify that your withdrawal was made by the bitcoin casino.

Worldwide Acceptance

One of the goals of cryptocurrencies is to provide a worldwide payment system without any involvement or control from either a bank or a government. Without this national and institutional control, this means that Bitcoin or any other cryptocurrency works exactly the same for all Bitcoin gambling sites, regardless of which country you reside in.

Anonymity

Bitcoin is pseudonymous, so your personal data remains hidden throughout a transaction. Yes, the transition can be viewed by all, but it’s only the amount that’s visible. Some bitcoin casino sites offer fully anonymous accounts, which means that you can play your favorite games without revealing any of your personal data at all. Oh, and transactions made at a Bitcoin casinos will never be recorded on your credit card or bank account statements.

Disadvantages of crypto & bitcoin gambling

Like with anything else, whenever there are advantages there are also disadvantages. Some people are often put off by the opportunity to try something new, even when there are numerous benefits in them doing so. To give you the full picture so you can make up your own mind, here are a few things you should take into account if you’re considering playing with cryptocurrency.

No recourse

As no-one owns the blockchain, if you run into a problem with a transaction, you’ll struggle to get it resolved. While you may get a certain level of customer support from either your wallet provider or the crypto casino itself, they have no control over the blockchain. Added to that, if the funds in your crypto wallet are subject to theft, they would be untraceable, and you would have only a slim chance of getting them back. We look at it this way: this only reaffirms why you should use a decent crypto wallet and ensure that your funds are properly secured. Of course, this is one of the areas we’ve covered right here in this guide.

No chargebacks/reversals

Once a transaction has been confirmed, the funds have left your wallet. So if there is a problem with the casino, you have no way to chargeback or reverse the charge as you might do with a credit card. This is just one reason why you should only play at a reputable bitcoin casino, like the ones CryptoCasinos recommends.

Volatility

Another thing that cryptocurrencies are famous for is their volatility, which can lead to a high amount of fluctuation. While this can be an advantage, such as if the value of Bitcoin increases, it can also work the opposite way.

If you play at a Bitcoin casino in BTC, the volatility only affects you when you exchange your coins back into a fiat currency. If the site you’re playing at converts your coins into fiat currency, they may lose some value during the conversions. On the flip side, of course, you could just as likely find that they gain in value. So there’s that!

How to choose a crypto/bitcoin casino?

Here at CryptoCasinos, our team of experts have taken care of finding the very best crypto casinos out there. Of course, which crypto casino you choose to play at depends on your personal preferences. Our reviews include information for each of the following points to help you find the right casino for you.

  • If you have a preference for a particular cryptocurrency, you should check that any crypto casino you’re considering playing at accepts your preferred coins.
  • You’ll also want to look at the catalog of games on offer. If you’re not looking for casino games, you should check out our guides for betting, lottery, dice and poker.
  • Take a good look at the various bonuses on offer. Some bitcoin casinos offer free spins, others offer a matched bonus, and sometimes you’ll find a combination of the two. We don’t suggest that you let this sway your decision too much, as bonuses only offer a short-term advantage. However, if you find that two bitcoin casinos offer similar advantages, it only makes sense to go for the one with the best bonus.
  • Take a look at the restricted countries for the casino you’re looking to play at. This can be done by visiting our review page for the casino and looking at the highlights, for example, a site that accepts US players will say “Players from USA Accepted”, which means that this is a bitcoin casino for USA based players.

Staying safe while bitcoin gambling

Staying safe online is obviously one of the main things to consider when it comes to anything related to personal or bank details, and that includes while playing at an online casino that accepts cryptocurrency. Fortunately, playing with cryptocurrencies like Bitcoin is one of the safest ways to gamble online.

Among the main reasons why Bitcoin has become so popular lies in its safety when making transactions. To access the funds in your crypto wallet, an individual would require your login details including the two-step verification. That’s just one of the reasons why hacking is extremely difficult when it comes to cryptocurrency.

Choosing reputable sites

This might seem like an obvious point, but sticking to reputable sites is the easiest and safest way to choose a bitcoin casino. Looking at a site’s reputation through sites like TrustPilot gives you an idea of how the bitcoin casino has been doing in the past, but also how it’s doing right now. While a site’s reputation doesn’t necessarily correlate to their future, it’s often an indication of how they’ve dealt with customers in the past and how they treat their players. All the sites that are listed on in our top lists have had their reputation and license checked by our team of reviewees – so that you don’t have to.

Passwords

You should always choose a strong password when you sign up to anything online, but that’s even more so the case when financial transactions are involved. So you’ll want to think of a password that’s both secure and unique when creating an account with a bitcoin casino.

You should create a password that includes upper case and lower letters, special characters, and numbers. You may have noticed that many sites give you no choice these days. Also, choose a unique password for each bitcoin casino you register with if you’re signing up to multiple casinos. One final tip on this: change your password periodically, and never share it with anyone. Using software that randomizes your password on signup and remembers it could also be a viable choice, as it removes any risk of you ever getting hit by a keylogger. A good option for this is Google Password Manager.

Phishing scams

There are plenty of online phishing scams ready to steal your personal information. If you receive a message that asks you to reply with your account details, don’t even think about clicking on any links within the message. A legitimate e-commerce company would never ask you to directly enter any sensitive information through an email. In fact, you should delete the message, even if it looks like it’s from a bitcoin casino you’re a customer of. You can always contact them through their website if you want to be absolutely sure that the email wasn’t from them. It’s better to be safe than sorry, as they say.

Trusted exchange

Some exchanges are more reputable than others. When you purchase your virtual coins, you should choose a trusted crypto exchange like Bitfinex, Coinbase, or Binance. We also recommend you avoid buying coins from anyone over a forum. You wouldn’t know who you were dealing with, and you may find that they fail to deliver on their promise.

Safe storage

Using an online wallet or an app is the most user-friendly way of making day-to-day transactions. Hardwire wallets or cold storage, on the other hand, are less so user-friendly but also a lot safer. An effective and safe approach to storage is to keep your online wallet for what you use on a regular basis, and cold storage for other balances.

Crypto Casino Bonus

Both fiat-currency and crypto/bitcoin casino sites are known for offering a range of generous bonuses. So you’ll want to make sure you at least understand the basic terms before you commit to accepting any bonuses. Here are some of the main types of bonuses offered by the top crypto casinos.

Deposit bonus

What is a crypto casino deposit bonus? Two primary bonus types are deposit match and no-deposit bonus. A deposit match is the one you’ll see most often. It’s a match percentage bonus, with the bonus value based on your first deposit, up to a certain amount e.g., 100% match bonus up to 5 BTC. Simply put, this means that if you deposit 5 BTC the casino will match your deposit, putting your total at 10 BTC.

Some bitcoin casino sites offer a more comprehensive match bonus, which rewards you when you make your first few deposits, as opposed to just the first one. These are always worth taking a second look at as it means you will benefit from the offer for longer.

No-deposit bonus

What is a bitcoin casino no-deposit bonus? A no-deposit bonus is a rare bonus offered by crypto and bitcoin casinos. The basic idea is that it’s a bonus that doesn’t require a deposit to be claimed. No deposit bonuses are usually much smaller than traditional welcome bonuses. This makes sense, as it doesn’t require any kind of financial commitment. All you need to do to claim this bonus is open an account, and you’ll receive your no-deposit bonus just for giving the casino a try. No-deposit bonus are usually the most popular among players when it comes to bonuses and promotions.

Free spins

As an alternative to a match bonus, free spins are awarded either as part of a welcome bonus, or exclusively as an incentive for making your first deposit. In some cases, they’re offered in the form of a non-deposit bonus i.e., without requiring you to make a deposit at all.

No-wagering bonus

A no-wagering bonus is a bonus without a wagering requirement. This means that the bonus can be claimed, used and then withdrawn, without any requirements for how many times the bonus amount is used in play. These bonuses, along with the no-deposit bonuses, are the most popular bonuses a crypto/bitcoin casino can offer players.

Reload bonus

A lot of casinos also offer reload bonuses, which are bonuses for players that “reload”, meaning deposit more than once. These are especially popular at crypto and bitcoin casinos, as a lot of bitcoin users like to deposit more than once. These bonuses are much like the regular welcome bonuses and usually has similar wagering requirements etc.



Crypto gambling Casinos


What is a Bitcoin casino?

It’s a casino that accepts bitcoin and other cryptocurrencies for deposits and withdrawals.

Some of these bitcoin casinos, like BitStarz, also accept deposits from credit cards and bank transfers. 

Some, on the other hand, only accept Bitcoin/Crypto.  


Are Bitcoin casinos legal?

If the casino is legal, then yes.

The ones on this list are all licensed (except 1xBit which tries to allow their players to remain anonymous) to operate in much the same way as traditional casinos.

Beware of other Bitcoin casinos not on this list, as they might now be trustworthy.


How can I find legit crypto casinos?

Check my Bitcoin casino review list. I spent dozens of hours using and vetting them to make your choice easier.


What does provably fair mean?

It means that you don’t need to take the casino's word that they are fair.

BitStarz dedicated a whole page to show each player how they can prove that each game they offer is fair. 


What games do Bitcoin casinos offer?

They offer all the exact same ones that traditional casinos offer.

Stake.com, for example, offers Dice, Limbo, Hilo, Keno, Mines, Plinko, Slots, Crash, Wheel, Diamonds, Baccarat, Craps, Video Poker, Lottery, Bingo, Jackpot, Blackjack, Roulette, and some other live dealer games.


Is it safe to play at a crypto casino?

Yes, as long as you choose a licensed casino with a good reputation, it is safe to play at a crypto casino.


What are the fees associated with using a crypto casino?

Fees associated with using a crypto casino will vary from one establishment to another. The casino itself may charge transaction fees, but you may also encounter exchange fees, gas fees, etc., depending on the types of cryptos you are using and the policies of the payment processing service you select. It's always wise to read the casino's terms and conditions carefully to ensure that you are aware of any potential fees before your start gambling.


Where do crypto casinos get their licenses?

There are licensing jurisdictions where crypto casinos can be licensed. The most common jurisdiction is Curacao, but some casinos are also licensed in Malta, Costa Rica, Isle of Man, Antigua & Barbuda, and Montenegro.



More Information here: Best Crypto Casinos