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Bitcoin was considered a joke when it was first introduced back in 2009. Now it is all everyone talks about. For most people, bitcoin is the only reliable cryptocurrency, and it is somehow true as well. That is why bitcoin is the only cryptocurrency that is currently being mined at an all-time high!
Bitcoin is being adopted as a payment medium by thousands of corporations around the globe. Even online casinos are now accepting bitcoin. Therefore, if you are a crypto enthusiast and love gambling, you should consider checking out online bitcoin casinos!
Online gambling is getting more and more attention these days, and it's making its way among the masses. Thanks to the hot new thing we call cryptocurrency. However, the market hasn't been too good for the traders these days. But this is making more and more people gamble and make big bucks in bitcoin. This is why many online bitcoin casinos are now adopting cryptocurrencies like bitcoin. This is to motivate traders and bitcoin holders to try their luck at gambling.
If you are deciding to roll your dice on crypto gambling, this article provides you with all the essentials. This article covers the most important feature of each platform, their requirements, highlights, and also your most common questions. So, stick with us to get introduced to a new era of online gambling.
mBit Casino has been on the market since 2014, and they have only grown since then. Now, they are the online casino market leader with industry-leading policies for every player. They have made it incredibly easy for everyone to play traditional casino games using bitcoin. The company initially supported all kinds of currencies, including many cryptocurrencies. However, currently, they only deal in cryptocurrencies.
Curacao Gaming Authority provides the licensing for mBitCasino. This proves the validity and authentication of all their operations as a reputable organization covers them. This also means that mBitCasino can accept players from almost all around the globe.
mBitCasino has the largest portfolio of over 2000 games to indulge any player in playing. These include all your traditional table games like poker, slots, and blackjack. All these games are played with live card dealings, in all fairness. There are so many games that it would require some time to find the one that suits you the best. But you can find the most popular ones up front on top of the queue. They keep adding new games to encourage new players to also try their luck. The game interfaces they use are developed, upgraded, and maintained by Evolution Gaming and Pragmatic Play.
mBitCasino apps work perfectly on all operating systems, including iOS. The app is made while keeping the latest software development standards, and the optimization is top-notch. You will rarely find any jitters or lags, even when you switch between games. The same can't be said about many other competitors. Furthermore, the casino keeps updating its app to resolve any outstanding bugs or lags to ensure the best possible experience for players.
Low Processing Fees: mBitcasino doesn't charge high interests or fees on their withdrawals. Because they believe in the gradual increase in the value of crypto, they also give out bonuses for new and long-running members.
Great Customer Support Service: You can contact their customer care representatives at any time through their chat box. You can also get in touch with them through email.
VIP Club Memberships: You can get exclusive bonuses and features if you join the VIP club. You can also avail of special offers and discounts on transactional fees, along with a personal manager. They also offer you loyalty points which can help you earn more prizes.
Low Wagering: You don't have to worry about high wagering requirements. You only need to wager 1X once before you withdraw.
Verification Processes: mBitCasino has a rigorous system of authentication and verification. This is to ensure the correct person withdraws earnings.
Quick Depositing: The whole process of deposits from your account takes less than 30 minutes.
Justbit is a global leader in the online casino industry and specialize in bitcoin. They came with an objective to make casinos easy and approachable for smart gamblers. Right now, they deal in both fiat and cryptocurrencies like their counterparts. This facilitates you if you cannot connect your bank account t their platform due to any banking restrictions. You can instantly sync your bitcoin wallet to their platform and start playing.
Justbit is registered under Curacao Gaming Authority and has been compliant with all its policies since its inception in 2014. You can sign up easily, and you will get your unique identity to legitimize and secure your account. Moreover, they use the Secured Socket Layer Encryption technique to ensure they don't give out anyone's sensitive information. They have multiple systems fail-safe techniques to ensure they can act in time in case of any breach.
They collaborate with many game development companies like GameArt, Habanero, and Pragmatic Play to release the best games. You can choose from dozens of games, and you are guaranteed to be given a fair play system. Moreover, you can expect an update as soon as you find the app lagging a bit or having any crashes. They do facilitate you in case of any losses due to their app malfunctioning.
No Withdrawal Limits: Justbit doesn't hold a minimum withdrawal limit for your funds. Unlike many others, they don't push this pointless restriction on their users.
Quick and Easy Deposit Process: They have made depositing funds so easier that you can do it instantaneously with just one click. You can also deposit by scanning just a QR code. Don't forget to insert your bonus code to avail your first bonus on their platform.
No Hidden Fees: Justbit doesn't charge you a single penny for deposits or any amounts of withdrawals.
Low Minimum Deposit Limits: You can start by just depositing 10$ or 0.005 BTC. This is the lowest minimum deposit limit on our list.
No Minimum Limit for BTC: You cannot withdraw less than 20$, but there is no minimum limit for BTC withdrawal.
Great Customer Care Representatives: You can get live customer care representation via email or chat rooms on their website. This will help you with any queries about policies or payment details.
BitStarz is another online casino owned and run by Direx N.V since 2014. Like all other casinos owned by Direx N.V, BitStarz stands up to its reputation. It is rated this high for some unique policies they offered and still do. For example, they were the first ones to accept Euros over USD. They also give you the option to convert your bitcoin to Euros at any time you want.
While many good companies are playing in the casino business right now, BitStarz is keen to match them up. They are trying to have a large chunk of the market with their latest minimalistic and simple-to-use interface. They also offer their services in several languages to encourage players worldwide. The casino holds registration from Curacao Gaming Authority. Hence, they are authorized to conduct legal gambling operations across many countries around the world.
BitStarz offers more than 3300 games on the same platform. Therefore, they have the highest chance of engaging more and more players in any niche. All their games are developed and managed by MicroGaming and Betsoft. Hence you can expect high-quality graphics and sound effects in each game. They also have a wide array of slot games to choose from.
Although you can enjoy all your traditional casino games as well, you can also choose from a variety of funds as well. You can deposit in BTC as well as fiat. They also provide you with many depositing and withdrawal options as well. You can make a deposit using your crypto wallet, debit card, credit card, etc.
Simple and Interactive Interface: BitStarz has a highly interactive and enjoyable user experience. They use eye-catching popping colors for every icon. You can easily scroll and navigate through each page without any hassle. You can use them across all your devices.
Multiple Payment/Deposit Options: They allow you to deposit and withdraw through multiple mediums. You can also make deposits through other leading cryptocurrencies like Dogecoin, bitcoin, and Ethereum.
Quick Payment Processing: All payments on BitStarz are instantaneous and can be processed immediately. But if you are transferring funds from or into your bank account, then it might take some time. This is due to certain restrictions and checks from the banking system. Crypto transactions can be done in seconds, but debit or credit transactions can take hours or days.
No Withdrawal Limits on Their End: BitStarz doesn't enforce any withdrawal restrictions, but you might experience some from your bank. This is due to certain credit limits imposed by some governments and banks.
We had to make sure to create basic yet essential criteria for our top picks. There may be some other things as well, but here are some important benchmarks that need to be ticked. So, we compared the best bitcoin casinos on a specific criterion.
Venturing into the world of cryptocurrency and online casinos is both a fearsome and confusing process. Besides, there are a lot of companies waiting to scam you. The companies that might not scam you upfront might bring up tough-to-follow game rules, ensuring you never win. Therefore, before choosing any casino, go through our buying guide below.
This is a universal rule for any business that involves money to check the legality of that platform. You need to be absolutely sure of the organization or company behind the casino. This ensures that you will be treated fairly and that your investments will be valued. For this, you will need to check about licensing that the company can provide on their website. If the company can provide any such legal document on its website, this would be a gesture of transparency. So, you can easily trust any with a legitimate license to carry out such operations.
There are gambling authorities that control casinos and keep a check on any illegal activities that can happen. So, you can check if authorities like UL Gambling, Malta Gaming, or Curacoa eGaming Authorities license the casino. This is to ensure you have some authority to fall back on if the casino commits fraud.
There is a handful of payment features you need to be sure of before you opt for any bitcoin casino. These payment terminologies include Minimum/Maximum daily payouts, accepted deposit currencies, deposit mediums, processing fees, withdrawal fees, etc.
You can easily find these parameters on their website. You should also be aware of any minimum balance conditions to ensure that you don't liquify your deposit. Another important thing to look for is the additional bonuses or discounts that you can avail of on any condition. These will help you get a head start on certain games. You should be able to see all this information on their website in any column. Therefore, make sure you go over every page on their website.
The casino business is a millionaire's way of making millions through your millions. It is not as bad as it sounds. But this doesn't always stay legal or fair. The casino business is meant to be fair and clean to give people a chance to win purely on their luck. Therefore, you cannot trust anyone who does any funny business in dealing, especially when your bitcoin is on the line. You can never know your odds of winning. But even for the luckiest person, the chances of winning are very slim in these fraud casinos.
Any reputable casino will know their way around proving a winner with sufficient proof to legitimize the results. Although many mathematical techniques are involved in this process, an experienced gambler can point them out. But for a beginner, you should rely on the reputation of the company, its promises, and the public opinions.
If you plan to sign up for any web service, it is important to know what others think about it. If you are deciding on a specific bitcoin casino, you should check out any user or player reviews. You can also ask about the casino on social community websites to see if you can find any concerns. This would also help you know the intrinsic details you don't commonly get on the website. This can help your overall experience with their policies and conduct with their players.
This section tries to cater to all your questions about the bitcoin casino industry. We hope you find the answers to any queries you have about investing in a bitcoin casino.
Yes! All the money you earn is actually in crypto earnings. But you can make a cash withdrawal by converting your bitcoin into USD. Funny to hear, but not everyone wants to hold on to bitcoin forever! You'll need to deposit via your crypto wallet, and from there, you can transfer all your winnings into your crypto wallet.
Most online casinos have no upfront charges on any deposit or withdrawal. But we can't take responsibility for anyone, so you should go over the payment terms and regulations before any deposits. In most cases, the crypto hosting platform charges a fee for transactions to a third party through their app.
The same is the case when you purchase cryptocurrencies. You can expect a fee in the shape of a relatively high buying rate. But after you have bought some bitcoin tokens, there is no fee or tax on any deposits, winnings, or withdrawals.
To signup for any bitcoin casino, you should have a bitcoin wallet. This can be either a hardware wallet or in the form of a program. You can also have a bitcoin wallet on a third-party exchange platform. It is better to signup and sync using a hardware-based wallet. There will always be security threats related to any software or online wallets. Although, hardware wallets are the most inconvenient to maintain and use, as each node has its own storage unit.
Bitcoin is a very safe method of doing financial transactions. Being a cryptocurrency and based on a blockchain, bitcoin can be tracked and authenticated on the blockchain. This promotes the transparency of the currency, and the decentralized aspect can also be appreciated.
There is no apparent wagering for our top picks in this list. But there have been some reported cases of occasional wagering by the casinos. But you can check out the terms and policy of that casino company before you make a deposit. You can also check out the experience of other gamblers through community reviews of the said casino.
Bitcoin, Ethereum, and Litecoin are the widely accepted cryptocurrencies across all crypto casinos. These are the oldest and the most stable cryptocurrencies since their inception. Since then, they have grown thousands of times in their value.
There is no apparent disadvantage of using bitcoin as a payment method. But there is a concern about the high volatility of cryptocurrencies. This can make your winnings short and maybe even make you huge losses. You cannot deal with bitcoin and other cryptocurrencies as your regular USD. But this shouldn't discourage you from trying your luck and making the big bucks.
Most people who convert to crypto casinos from traditional casinos are not cryptocurrency owners. The good news is that they can still buy bitcoin easily. You will need any fiat currency to make a deposit to buy BTC or any other coin. Many payment options are available like DBT, debit cards, credit cards, prepaid checks, and many more. Furthermore, you can also make deposits using PayPal, Master Card, Visa Card, Skrill, and maybe even Western Union.
Physical casinos are getting hit after the pandemic came in 2019. As soon as the concept of social gatherings made a negative impact, casinos went into loss. This is why more and more casino organizations are shifting their services to online operations. There are benefits for everyone in this as well. Corporations save money when they cut down on extra expenses.
The most important benefit for the casino and the gambler for is that they can now be tax-exempt. This is because bitcoin is decentralized. Governments worldwide haven't found a way to impose taxes on crypto earnings in any sense. This can make a massive difference for the players earning more than five digits through gambling.
Bitcoin casinos are precisely identical to your traditional online casinos in every sense. You just need to have some BTC to push your luck at several games. The gambling rules still apply, and you can still be penalized for fraud or misconduct. Therefore, you need to be cautious and attentive to all your acts and the players on the other end. So, do you have some bitcoin investments left? Well, maybe it's time to try your luck in a casino to win some bitcoins.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
