Bitcoin Casino In Detail: Best Bitcoin Gambling Guide For Beginners 2019: Index
- The Role of Bitcoin in Online Gambling Industry?
- What Is A Bitcoin Casino?
- Is Bitcoin Gambling Legal in USA?
- Is Bitcoin Gambling Legal?
- How Does A Bitcoin Casino Works
- How To Gamble With Bitcoins
- Advantage and Disadvantages of Bitcoin Gambling
- Popular Bitcoin Casino Games
- Bonuses And Promotions At Bitcoin Casinos
- How To Make Deposits and Withdrawals At Bitcoin Casinos
- Future of Bitcoin Casinos
(1) The Role of Bitcoin in The Online Gambling Industry?
A lot of businesses in various sectors are waking up to the power of cryptocurrencies, and while some of them remain sceptical about their influence, others are jumping on the bandwagon.
One such sector that is cashing in the advantages of bitcoin and other cryptocurrencies is the gambling industry.
Online casinos have been around for years and have been gaining popularity because it has been offering players more convenient ways of gambling online without any hassle.
Players are spared the trouble of visiting brick and mortar locations to enjoy poker, slot machines, and many other casino technology free games.
Over the past few years, many blockchain based casinos have emerged while a few existing online casinos have began accepting online transaction using different cryptocurrencies like Bitcoin and Ether.
The use of cryptocurrency in the gambling scenario has opened up world of possibilities both for the Crypto casino operators and the players.
As far as online casinos are considered, PayPal has been the most preferred payment method for some time now and that is because of the secure and faster rate of completion of transaction. Bitcoin first casino withdrawal and deposits have increased as they do not take much time to be processed.
However, despite being a household name in the online gambling business, Pay Pal has some flaws which have led to the inclusion of Bitcoin.
Bitcoin Casino is leading the way in online gambling mainly because they accept bitcoins and altcoins as deposits into accounts and also pay out winnings in the same. Some of them even allow clients to withdraw their winnings in any fiat currency of their choice.
Bitcoin transactions do not have to undergo any form of verification from any third party, which sometimes delay transactions. At online bitcoin casinos us play entails cheaper transaction fees, deposits and withdrawal. They also offer what many casinos can’t provide and that’s anonymity.
It is very important for a well-established Crypto casino to have license from a certified authority like the MGA (Malta Gaming Authority).
In fact, every year, online casinos spend millions to impart the highest level of security on their site, as well as fast payouts. The casinos are surely going to attract and retain many players by offering the option of using cryptocurrency to play games on their best bitcoin sites, the use of cryptocurrency itself makes things a whole lot easier for casinos in several ways.
First of all, there are no chargebacks associated with digital currency, which means that players need to be careful when making payments because once they process a transaction, there is no going back.
Due to the irreversible nature of bitcoin, they cannot reclaim their money or demand compensation for any transaction. This makes operators’ lives easier since they do not have to waste time dealing with disputes and it also protects them from player fraud.
Second of all, Bitcoin system is very transparent in itself – most of the time bitcoin gambling operates using an algorithm called ‘Provably Fair’, which players should actually look for in order to ensure that the games they are planning to bitbet at are 100% fair. This also establishes the trustworthiness of the btc bitcoin casino online.
For the upcoming bitcoin casinos, this is good because it means that they do not actually need to go through the whole process of procuring a gambling license, whereas for already-established casinos operating with proper licensing, this means that they do not need to undergo any extra processes.
The use of bitcoin and other cryptocurrencies by the online casinos has attracted extraordinary returns. Reports suggest that in 2013 just over 50% of all bitcoin transactions were gambling-related.
Moreover, since 2014, approximately 3.7 million BTC has been wagered, equating to nearly $25.8 billion USD. The bitcoin gambling market size is constantly increasing.
It is believed that blockchain and smart contracts can be utilized to create a more socially responsible, sustainable and efficient gambling environment for both the players and gambling providers.
Over the years since its inception, online gambling has developed into a major digital industry primarily due to the agents involved in the business, as well as their constant inclination for improvement, advancement and innovation.
Players are now able to access more stable and secure online Crypto casino floor platforms, play a much wider variety of games and pay for it or get a cashout in a much punctual manner.The affirmation procedure takes a touch of time (ten minutes for bitcoin) while “diggers” mine. Mining affirms the exchanges and adds them to the general population record. Unlike the popular belief about Bitcoin being an anonymous payment method by default, this record allows anyone to track and verify transactions. Anonymous payment methods using Bitcoin is possible though; you can find out how here.
(2) What is a Bitcoin Casino?
With the stellar rise in the popularity of bitcoin and other cryptocurrencies, bitcoin casinos, that are relatively new to the gambling scene, have emerged in decent numbers aiming to change drastically the landscape of online casinos by offering new gambling experience for players around the world.
The term ‘Bitcoin casino’ refers to any online casino or bitcoin sports betting agency that accepts Bitcoin alongside fiat currency. These casinos offer a tailor-made list of games and services for gambler who seek to transact in Bitcoin.
Apart from the traditional casino fair such as roulette, they also have best bitcoin sportsbook, online lotteries, or spread betting. With the continuous change in technologies and regulations, bitcoin casinos have the potential to realize major increases in user adoption.
Most of the Bitcoin casinos function in a similar manner to their ‘traditional’ counterparts. Most Bitcoin casinos specifically provide new registrations with an in-house wallet, which players can transfer Bitcoins to.
Typically, a user makes an opening ‘bet’ from their wallet, and can either lose or profit on that sum depending on their success in a game. For example, some online casinos have gone to offer huge Crypto casino jackpot, where users stand chance to win sums in excess of 500 BTC.
Once a game is complete, all the profits are returned to a user’s in-house wallet. From there, a user can transfer it to their private wallet whenever they wish – however, most casinos employ a withdrawal limit to prevent users from cashing out all at once. It is good practice to be fully aware of an online casino’s terms and conditions before playing.
Crypto casino sites had the luxury to offer zero transaction fees with unlimited free daily transaction and have went on to advertise larger jackpots and extensive Crypto casino profit as their operating margins can be significantly lower.
Perhaps the biggest contributing factor to the enduring popularity of Bitcoin exchanges in the gambling scenario is that any user’ s profits or losses are not inherently taxable unless declared to a legal authority.
Arguably, the future of Bitcoin casinos may not strictly stick to Bitcoin only, as newer cryptocurrencies are emerging with far more attractive benefits than bitcoin.
In the following years since Bitcoin’s debut in the currency market, several privacy-focused cryptocurrencies have followed the trail that specifically anonymizes transaction details and the parties involved.
Cryptocurrencies such as Monero or Zcash may someday be widely adopted amongst best bitcoin gambling sites mostly due to their fungibility feature.
Ultimately, other projects – such as Ethereum – may also offer extremely lucrative benefits. Very soon the online casinos may implement smart contracts to govern gambling activities such as deposits or payouts – effectively ‘decentralizing’ some of the administration of day-to-day duties.
(3) Is Bitcoin Gambling Legal in USA?
The current legal framework across most of the usa doesn’t explicitly stipulate betting with bitcoin or other cryptocurrencies is illegal.
To understand whether bitcoin gambling usa is outlawed or not in US or not lets look at important laws that govern the online gambling scene.
The unlawful internet gambling enforcement act stipulates that banking facilities and credit card companies cannot facilitate transaction related to online gambling. Prior to the year 2006, when the act came into existence, online casino could use the US banking system for their purpose but after that it was no more allowed.
The act forced some big names in the online gambling market to withdraw them from the business. E.g. PokerStars was one such popular operator that was forced to leave the market. Hence to sum it up, use of banking system for gambling purposes is prohibited in US.
Since the cryptocurrency network is a peer to peer decentralized digital payment system, it is not governed or regulated by any government or any central body.
Hence by shifting their focus from conventional payment mode to non traditional payment options like the use of cryptocurrencies, the online casino operators doesn’t flout the law.
Bitcoin gambling from players perspective:
To put it succinctly, no federal legislation deems online gambling illegal for players. Current laws prohibit casinos to accept wager on the territory of earn bitcoin casino USA but there are no laws that would forbid individuals to place bets.
Hence to circumvent the laws and accept bets without violating any regulations, list of bitcoin only casinos are based out of the US territory. Bitcoin online gambling has three legal statuses in the USA: it is either legal or illegal or it is unlawful.
U.S. citizens residing in Delaware, New Jersey and Nevada are allowed to take part in any gambling activities including the use of bitcoins; these include depositing bitcoin into the casino, betting and withdrawing.
The only state that explicitly prohibits online gambling activities is Washington. State residents are not permitted to use offshore gambling sites, register there and place bets in any currency, whether fiat or digital.
Bitcoin gambling is not considered to be unlawful in most states; however this is a topic of dispute and may eventually lead to some bans or liberalization, so the information in this regard would not reflect the actual legal environment.
It is noteworthy that before registering at any online Crypto casino mobile you should make sure that the territory you are physically in does not prohibit online gambling.
(4) Bitcoin Gambling Legal?
Online gambling is legal in many parts of the world and most of the top casino operators are intending to make things easier and exciting for the gambling enthusiasts by allowing them to deposit and play their favourite games using traditional currencies as well cryptocurrencies including bitcoin.
In countries where gambling is legal, bitcoin specific online casinos are getting more and more popular solely because of the numerous advantages associated with this decentralized digital currency.
Countries that have legalized gambling have witnessed that the online casinos accept most of the currencies be it fiat or not and they also acknowledge other payment options as well.
But this fact doesn’t ensure that bitcoin is automatically legal because some countries have enforced restrictions and taxes on bitcoin cash-outs.
Interestingly, even at places where gambling is illegal, there are still means to gamble online via websites that are being operated from other countries thanks to the elusive and magical world of internet.
What people like and prefer about the online gambling sites particularly those that allow bitcoin transaction is the benefit of anonymity.
Bitcoin is a decentralized digital medium of exchange or broadly is a decentralized peer to peer payment system which is powered by the highly innovative blockchain technology that ensures that the user’s personal data can’t be traced back to by any means.
This aspect of the pioneer cryptocurrency makes it difficult for authorities to trace the gamblers, which is why regulatory bodies usually impose a penalty on the Crypto casino operators rather than on the players.
There are two main areas that primarily influence the legalities surrounding online gambling with Bitcoin and cryptocurrencies in different countries:
- The general legal status of online gambling
- The legal status of bitcoin as a medium of exchange or currency.
If online gambling with fiat currency is deemed legal in any country, then in all probability bitcoin gambling too is legal there. Let’s take a look at few of the countries that has legalised online gambling or more specifically bitcoin gambling.
Australia: It is legal for Australian residents to gamble online, but it is illegal for gambling operators to provide their services from within the country.
This implies that online casinos operating in legal jurisdictions can offer their services to players in Australia. The Australian government is fully supportive of the use of cryptocurrencies.
Canada: Like Australia, Canada also allows its residents to gamble online. However, it prohibits gambling service that is offered by any company that isn’t licensed by a provincial government.
When it comes to the use of Bitcoin, there is no formal ban on its use. Instead Canada was the first country in the world to pass legislation pertaining to Bitcoin as they wanted to insulate the users from any negative ramifications of this speculative currency while allowing the cryptocurrency to flourish.
Toronto and Vancouver are dubbed as the ‘Bitcoin hubs’ for the sheer density of bitcoin ATMs. Hence as far as online gambling with bitcoin is considered, in Canada, you are not subjected to any regulation, unless you are an online gambling vendor or Bitcoin broker.
UK: It is legal to gamble online in the UK, only if the gambling service provider has applied for and has been granted a UK Gambling Commission (UKGC) issued Remote Gaming Permit.
Moreover in August 2016, the UKGC officially granted the UK licensed online casinos permission to accept bitcoin as a deposit and cash out method. Here all the services and goods that involve Bitcoin and other cryptocurrencies are taxed.
France: From the roulette wheel to the original version of baccarat, France has contributed substantially to the birth of several forms of gambling we use today.
In case of USA, online gambling is legally restricted while gambling under federal law is permitted. However, no amount of restriction has slowed down the enthusiasm for gambling online.
Before betting at a particular site, you must confirm whether the site is licensed by the US or not, by ascertaining whether it’s registered on the gaming board’s website, the Unlawful Internet Gambling Enforcement Act (UIGEA).
Then there are some countries that regulate the use of bitcoin and crypto currencies in general. Because gambling is such a popular pastime, it’s not surprising that in countries where it’s banned, or heavily regulated, the demand for gambling with bitcoin is large.
Bangladesh has restricted the use of Bitcoin, by curtailing the use of the currency as payments option. In Bolivia, the central bank has declared the use of bitcoin and other cryptocurrencies illegal. In 2016 the Russian government’s stance on cryptocurrencies shifted as a new law would see Bitcoin regulated as a foreign currency.
As more people use bitcoin to gamble with online, or as payment method for services and goods, the currency continues to grow affecting local and international economies alike. The law enforcing officials struggle to understand how to regulate the use and taxing of bitcoin.
The gambling laws are generally applicable to the operators and casinos while individual players are free to enjoy playing Crypto casino with free coin, as long as you make sure the Crypto casino is licensed, credible, and offers great support.
(5) How does a bitcoin casino works?
In the world of online gambling industry some online casinos transact only in bitcoins, while others offer bitcoin as additional currency of transaction, in addition to fiat currencies like USD.
There are numerous online casinos which offer gambling and money based games in bitcoin and other cryptocurrencies. Bitcoin casinos are subjected to local laws. The adoptions of bitcoin transaction by the casinos enable them to offer a wide variety of options for players to bet with bitcoin on either one of the following:
- Crypto casino games
- Gambling games
- Sports based betting
- Online lotteries
- Spread betting
How bitcoin casinos operate?
Innovative yet robust gaming software is the core of any online gambling or gaming business and same holds true for bitcoin casinos too. Most popular bitcoin casinos that have a large user base and hence they run their own gaming software.
Other smaller operators purchase or use rented versions of the bitcoin online casino software from some of the leading providers, which may be also be customized as per the need.
The software runs the game, with minimal human intervention. It also conducts the games by assuming the virtual role of the table dealer. Due to the digital nature of their business, bitcoin casinos face the challenge of convincing the users about fairness of their operations.
Most of the bitcoin casinos try to establish trust with the players by openly disclosing how their software algorithms work. Rest of the casinos incorporate the gaming software to facilitate the uniqueness of their offering in the Crypto casino games.
Why bitcoin casinos are gaining popularity
Players are primarily attracted to the anonymity feature of bitcoin that renders them untraceable. Most of the Crypto casino sites offer zero transaction fees with unlimited free daily transaction option, whereas in case of traditional currency based casinos. Players can enjoy bitcoin casino las vegas gaming experience from the comfort of their home.
There are limits to the number of transaction and there is transaction fees imposed. The digital nature of this business allows global access hence players are available in hordes round the clock.
Since best bitcoin games are largely beyond the purview of authorities, many online games have been customized for bitcoin clients. Such variations are not allowed legally in traditional currency based online casinos, and so it is evident why bitcoin casinos are so popular with masses.
Traditional online casinos transacting in traditional currencies have defined regulations in place as payments in case of traditional currencies are traceable to individual players, dealers as well as casinos operators while this is not the case with bitcoin casinos.
Since bitcoin transactions are purely digitized, verification becomes a challenge. A lot of bitcoin casinos need minimal user details (quite often limited to only email and login-name), no age verification, no location check or other details.
Gambling is prohibited in lots of countries across the globe, and bitcoin casinos make it further difficult to regulate and control it at global level.
Although digital currency based systems may be hailed for their advantages, gambling with bitcoin and altcoin is surely a challenge at multiple levels.
Legal aspects of bitcoin casinos
Due to the challenges surrounding the bitcoin payments, running bitcoin casinos is considered illegal in the US. Most of the legally known bitcoin casinos are based outside of the US.
Enthusiastic users from all over the world (including a significant user base from the US) transact on these bitcoin online casino sites anonymously, posing a big challenge for authorities to regulate, control and legalize the transactions.
Lack of open information on such anonymity-based business pose an impediment to gathering the type of data that would be needed to enforce rules.
Casino gambling, whether based on conventional currency transactions or anonymous digital currency transactions, has always been a contentious topic on ethical grounds.
The complexities of bitcoin transactions make matters more challenging. While it is always exciting to get carried away with easy money making options, users must be aware of the legal aspects, challenges and risk areas.
(6) How to gamble with Bitcoins?
Gambling online is risky affair in numerous countries, particularly in the US, where it’s outlawed. This means many enthusiasts looking to gamble with bitcoin might prefer the privacy offered by the digital currency over traditional currencies.
Bitcoin’s effortless transaction feature has simplified the online gambling scene considerably by bringing in some convenience and security features to the gambling sites that weren’t available prior to Bitcoin.
Things are so smooth now that some of the bitcoin specific sites don’t even require you to create an account to start gambling. Moreover, here the offerings range from simple coin flip games, where you have roughly a 50% chance to double or part with your money, to more elaborate games, like poker.
Before using a gambling site, certain things are to be kept in mind. First you should always check its reputation and preferably go for Crypto casino sites which are provably fair.
While Bitcoin makes many things easier and more secure, it still cannot prevent scammers, so one should be cautious especially with the new gaming sites.
Another important thing to note is that no matter how reliable a gambling site seems to be, never leave your Bitcoins with them any longer than necessary for it is not a wallet.
Last but not the least matter of precaution is the golden advice that you shouldn’t risk more than you are willing to lose. Keep in mind that the house always has an edge in every game.
Apart from the desktop version of the gambling sites, there are many Android and iPhone based gambling sites or applications for smartphone users. Before one begins gambling with Bitcoin online, one needs to purchase Bitcoin or the other digital currencies that are too be used.
Many top bitcoin casinos double as faucets upon registering on their website as they refer or introduce a new player to new game and other co players. There are various ways to acquire free bitcoins online.
The preferred means to procure bitcoins is to buy it from any reputable exchanges like Coinbase or get them in exchange of goods or services or perhaps buy it from a friend owning it. Once you own bitcoins, there are many different ways to gamble online with bitcoin.
Moreover, depending on your location, you must always stay updated with the Bitcoin laws as well as laws for online gambling. Bitcoin casinos do need licenses from regulatory bodies from countries where they operate.
Most of the bitcoin casinos possess such licenses and this ensures that your personal data is not under any risk. It might be a good idea not to convert winnings from best bitcoin gambling online into your local currency if it’s illegal to gamble bitcoin online in your country.
‘Provably fair’ is a vital concept in the realm of online gambling with bitcoins. Bitcoin’s cryptographic hash function enables Crypto casino provably fair gambling.
Provable fairness ensures that non-predictable results are generated during the games and that no party could ever influence the outcome in their favor.
You should always look into how a site is doing in provable fairness and perform your own checks to establish their trustworthiness. One should never gamble on a site by picking the right casino from the available bitcoin site list that doesn’t implement provably fair random rolls.
For example, a simple implementation of provably fair thing works like this: Let’s assume that the game is to bet whether a random number will be either 3 or 4.
Before pressing the start button the site shows a hash value which is the result of the upcoming random number (3 or 4) plus a confidential random string.
After the bet is made, the site shows you the winning number along with the random string. By putting the winning number and the revealed secret string through the hash function, one can check that the result is identical to the hash value that had appeared at the beginning and thus implying that the winning number has not been tampered with after the bet was made.
There could be other tricks employed by the casino hence one should always be aware of the reviews and feedback of past players and the casino reviewing websites. Bitcoin site reviews or bitcoin video casino review and feedback can inform a if a certain website is probably fair or not thus establishing its trustworthiness.
The deposit and withdrawal in bitcoin do not take much time. For smaller amounts, it is very fast, and almost instant if you have your wallet account ready to use. But, for larger amounts, it may take longer time for deposits and withdrawal. You won’t need a credit card to wager.
Many websites don’t even require any minimum deposit. The smaller units of bitcoins like mBTC etc are used when playing games.
The use of bitcoins, have several advantages over traditional currencies in online gambling. Bitcoin specific gaming sites are very simple to access and are faster.
You can simply sign up with just an email address. Seldom do these transactions require any processing fees.
Bitcoin gambling is legal at all the places where online gambling is legal. There is no separate or concrete Bitcoin gambling legislation available. It is to be noted that despite the illegality of online Bitcoin gambling in the US, many websites allow US players.
Hence to sum it up, there are plenty of reasons to use Bitcoin when it comes to online gambling, such as speed and privacy. Earlier in case of online gambling, many players had to wait days for payouts but with bitcoin it can be instant.
Bitcoin’s cryptographic hash function and its revolutionary blockchain technology enable the bitcoin gambling games to be ‘provably fair’
(7) Advantage and disadvantages of Bitcoin Gambling
With the quick and steady growth in the popularity of bitcoin, it has become a viable digital currency. In fact, it is now widely accepted by a lot of shops, both online and offline for.
However apart from being used in purchasing services and goods, bitcoin is being prolifically used in the gambling industry.
Just like traditional money, bitcoin is effortlessly used for funding casino accounts and playing the favourite games, yet there are a few things that is to be kept in mind if you plan to use this payment method.
There are numerous online casinos across the world that is steadily assimilating bitcoin into their ecosystem primarily due to the multiple beneficial aspect of the cryptocurrency.
Digital currencies such as bitcoin offer a top notch level of privacy and security in comparison to the conventional currencies. Keeping this in mind, we will delve into the pros and cons of using this pioneer digital currency.
The Pros of Using Bitcoin
As mentioned earlier, bitcoin guarantees remarkable privacy because being a decentralized medium of exchange; it is not controlled by any authoritative body that might have access to your personal as well as financial data.
This anonymity is considered crucial for any individual indulging in gambling. Furthermore, players are spared from the burden of additional costs that they would frequently encounter when transacting using credit and debit cards. This makes the process cost effective hence lucrative.
Instant Deposits and Withdrawals
The deposits to online casinos occur instantaneously, whereas, withdrawals may take 2 to 7 days time depending on your banking choice.
But with Bitcoin, gamblers can conduct both deposits and withdrawals in a matter of seconds or minutes.
Due to the fact that there is no country across the globe which has acknowledged Bitcoin as a real bankroll currency, when you transact via this digital currency, one would not incur any additional taxation costs.
This welcoming aspect of bitcoin is a major reason for making the deposits and withdrawals cheap and instant.
The anonymity part associated with this cryptocurrency automatically implies that players residing in jurisdictions with strict gambling regulations can indulge in the excitement freely, without the worrying about these regulations.
The anonymity feature of bitcoin can come in quite handy when it comes to countries in which players incur substantial taxation costs.
Fairness in Gambling
Gambling via Bitcoins does not mean doesn’t take away the benefit of provable fairness in gaming that is the most coveted thing about any online casino.
Subscribing to the popular Bitcoin casinos ensures equality in betting under a provably fair system.
No limits in betting
Bitcoins can be broken down to f 8 decimal places in total. With bitcoin, you no longer have to encounter the hassle of meeting any wagering requirements to withdraw your earnings or attempt to place one last wager against your instincts before retrieving your winnings for you can bet with as little or as much amount of bitcoin as you want.
At regular online gambling platforms/Crypto casino platform, you may see bonuses, especially the welcome deposit ones, offering a 100% best bitcoin casino bonus up to a couple of hundreds of dollars.
However, when the casino accepts Bitcoin, these rewards can range anywhere from 1BTC all the way to 5BTCs. Then there are very generous reload bonuses on offer.
The Cons of Betting With Bitcoin
The anonymity feature of bitcoin may also poses as a disadvantage as it can also be utilized in the masking of the identity of a casino using this currency, including a mobile one.
Therefore, it is essential to conduct your due assessment of the online casino before putting down any deposit, by looking into the company’s location as well as its reviews in online forums.
Yes, the value of a unit of bitcoin may take a positive or a negative role. It is hard to predict that what may be the ramifications in the gambling industry if bitcoin prices plummet.
The acquisition of this currency
The purchase of Bitcoins can prove to be quite a challenge for some. For instance, several exchanges require bettors to provide various forms of verification before permitting them to make a trade thus it may sometimes compromise the anonymity of betting via this currency.
Despite the fact that a group of new casinos transacting with this currency may be legitimate, the unregulated nature of these gaming platforms automatically implies that in a few instances these casinos may lack enough liquidity to stay afloat.
Thus, they may end up closing their service, which means your risk of losing all your invested Bitcoins.
Not always fair gaming
Probably the most significant disadvantage of gambling at Bitcoin casinos is that the games may not be ‘provably fair’ even if the casino itself is fully licensed to operate.
When betting on a regular online casino the risks are not so high as compared to bitcoin casinos where the number of scam is quite high.
(8) Popular Bitcoin Casino Games
Bitcoin casinos offer plethora of games that are tailor made for providing an exuberant gambling experience. Let us take a look at some of the popular games that are offered at these casinos.
Crypto casino Dice is the most popular game of chance where there isn’t any strategy involved. The main purpose is to have the highest possible desired result after rolling the dices.
In the Bitcoin gambling domain, dice games usually revolve around a random number being drawn and the bet being placed whether it is above or below a certain threshold. Often a Crypto casino pro player can pick high or low to vary his or her bet, or can adjust the winning chances and the resulting potential payout.
This doesn’t require any strategy or insights and can be played in rapid succession. A more elaborate dice game which features more complicated rules, but in the end also comes down to playing a variation of high or low is craps.
Slots are the simplest type of casino game where players are not required to follow any elaborate playing rules while they are set to play thousands of slots alternatives.
Poker and blackjack are the two most prominent card games that are offered by most of the bitcoin specific casinos. Chance and destiny are the two primary elements of this game. Players play bitcoin blackjack against dealers with the aim to reach the score of 21 with the deck of 52 cards.
Poker can either be real bitcoin video poker that is played against other players, or single player variations like bitcoin video poker, which basically allows you to beat the odds with your drawn cards. Players can also find bitcoin poker sites that accept bitcoins from the players.
It is one of the most popular casino games which are widely played all over the world. There are many types of Poker but the general goal to be a winner is to become the owner of the pot.
Online roulette’s experience is like the real casino classic where you place your coins on the table to indicate your bet and a virtual wheel produces the winning number.
Like dice games, roulette is a game of pure chance and there aren’t any strategy to follow. Chips numbered from 0 to 36 are placed on the Roulette table and after the bets are placed and the dealer gives the “No more bets” sign the roulette wheel starts to spin.
Winning numbers will match with the players’ bets and one of them emerges as the winner.
Betting on the outcome of the sporting events using Bitcoin is gaining mileage. Almost every competitive sport has a betting market. Sportsbooks that accept bitcoin as their payment option are increasing everyday and they ensure exciting gaming experience.
Many bitcoin betting sites allow the players not only to bet on the winner but also on the outcome of a game under a certain score or on the point difference between the two sides. The likelihood of the particular outcome determines the possible payout in best Crypto casino online sports bet.
In prediction bets players gamble on the outcome of a future event, usually one with two possible results or some kind of deadline for a spec Bingo – History of Bingo goes back to Egypt.
There is no particular strategy required to win the randomly drawn numbers. Player may have one or more cards to follow and match.
There are several lottery types where numbered tickets are followed by the players to match the drawn numbers.
Binary Options: Gamblers prefer this easy-to-play financial trading game that is based on guessing the result or direction on assets, commodities, indices or currency pairs.
Bitcoin casino keno resembles a lottery game where there are cards numbered from 1 to 80. Players pick up numbers up to 20 and try to match the highest number of picks.
As a player, you can either be a “Player“, “Banker” or “Tie“ inthis game. A hand totalling to more than ten, is dropped off while if the hand totals to exactly ten, then it will become baccarat or “0”. The main aim is to be the higher of the two.
There is no strategy required to win the randomly drawn numbers in Bingo as a players may have one or more cards to follow and match.
(9) Bonuses and Promotions at Bitcoin Casinos
Bitcoin casinos offer rich bonuses that appear in different forms. Traditional online casinos also offer numerous bonuses to their customers but Best bitcoin casino usa list give you the same deals with less the hassle.
Here you can indulge in a wide variety of Crypto casino promotions, free bitcoins, bitcoin casino usa no deposit bonus and usa bitcoin casino free spins all of which gives your bankroll a much needed boost.
When it comes to playing your favorite bitcoin casino video games, the benefits are numerous like the deposits are instant, cash outs are handled faster, and there isn’t any exorbitant transaction fees involved.
The various kinds of bitcoin casino best bonuses are listed below:
Welcome Bonus and Wagering Requirements
You receive the Crypto casino welcome bonus when you join and register for an account at any online gambling site. The welcome bonus or match bonus is like a special treat that’s offered to the maiden Bitcoin casino visitor.
The purpose of such bitcoin casino codes is to encourage you to sign up and explore the world of online games. The welcome bonus package differs from casino to casino.
The standard match bonus is 100% that means if you deposit 0.5 BTC it will double itself and will become a 1BTC bankroll. Whatever amount you deposit at the bitcoin video casino will be doubled or tripled instantly. Most of the New Bitcoin casinos generally give away 100% bonus up to 1,000 mBTC for your first deposit.
Others give more lucrative offers like the massive 100% bonus up to 1 BTC or $100 or €100 on your first time deposit plus 50 free spins.
Bitcoin Casino Free Spins Bonus
The bitcoin casino free spins no deposit bonus is a great alternative to the bitcoin casino no deposit bonus 2019 but can be used only to play new slot games. Some casinos will give you up to 50 free spins to celebrate some special thing or for some special promotions. The bitcoin casino free spins 2019 bonus mostly comes along with the casino’s standard bonus package.
Refer a Friend Bitcoin Casino Promo Code
Every time you invite a friend to visit the Crypto casino, the Crypto casino credits your account with a bonus which is known as the ‘refer-a-friend’ bonus.
You must note that before you can receive this bonus your friend must deposit and play. Some Btc gambling sites impose a limit on the amount of friends you can refer to while others offer unlimited opportunity.
No Deposit Bitcoin Casino Bonus
The Bitcoin no deposit casino bonus is not as popular as the free spins or welcome bonus hence not many best bitcoin casino 2019 offer it. Unlike the welcome bonus the no deposit bitcoin casino bonus can’t be cashed out but it gives you the opportunity to play a popular new slot machine. The standard bitcoin casino no deposit bonus code offer by Best Bitcoin casinos is 10 mBTC.
The reason why the Crypto casino operator gives you a bitcoin casino no deposit bonus usa is to give you a cursory idea about the game’s payouts at different coin levels.
If the bonus is 50 mBTC you must roll over 1,500 mBTC or 1.5 BTC before you are allowed to withdraw the cash you’ve won.
If the Crypto casino does not offer any such bonus don’t be shy to ask for it, more often than not the operator will be more than happy to oblige because they value your business.
Banking Your Bitcoin Casino Bonuses
Bitcoin casinos like BitStarz offers you to deposit and cash out the bonus funds you’ve won in Bitcoin itself. This is generally not the case with other operators that converts your bitcoins to fiat currencies like USD dollar, Euros or British Pounds.
Depending at the site you’re playing at withdrawals are processed within minutes or 24 hours. The good thing about playing at a bitcoin casino credit card is that you don’t need to provide any verification documents/Crypto casino no verification.
(10) How to make deposits and withdrawals at Bitcoin Casinos
A Cryptocurrency wallet is the most essential tool that holds the deposit at a crypto-friendly best bitcoin website. Depending on the format and the security levels, different types of crypto wallets are available on the internet for storing the bitcoins or other cryptocurrencies which you can obtain as per your requirement.
After registering with one or more wallets, you need to copy the bitcoin reference code from the casino deposit section and paste this bitcoin casino bonus code on to your wallet’s withdraw part.
Depending on the crypto-currency you prefer to gamble with and the transaction load, it may take a few seconds or few hours for the crypto money to reach your Crypto casino account. You don’t have to enter your personal information while depositing.
Some of the Crypto casino also accepts credit/debit cards and e-wallets. But a bit casino site will require you to deposit only in bitcoin.
For withdrawal too you should have a wallet as the transaction occurs monthly. You can process the withdrawal by copying the bitcoin reference code from your wallet’s ‘Deposit’ section and pasting it into ‘Withdrawal’ section of the Crypto casino.
It may take a few minutes to few hours for the amount to be credited into your wallet balance. Once it’s done, you should either use it as it is or convert it to traditional money and transfer it to your bank account.
(11) Future of Bitcoin Casinos
Bitcoin is a decentralized digital currency that has taken the world by storm within almost a decade of its creation by Satoshi Nakamoto. It has grown to become an effective payment system in the current financial structure as well as in the gambling industry.
Even with the availability of the other online payment systems like Pay Pal and Mastercard, bitcoin has garnered a niche user base that is expanding rapidly.
The bitcoin network allows people to make online transaction using bitcoin currency that is secured by cryptography. It is free from any kind of authoritative control hence there are no intermediaries in the Bitcoin ecosystem.
The transaction happens peer to peer across the revolutionary digital network known as blockchain. People love the fact that they can make financial transaction on their own with bitcoins without the interference of any central authority or government body as cryptocurrencies by their very digital nature is free from any control or regulation.
Bitcoin exists as complex Crypto casino promo code in specially designed storage space known as wallets. Moreover, you can have as many bitcoin addresses or bitcoin wallets as required, and your information will always remain anonymous. As an irreversible and faster method of making payments, bitcoin is expected to do better than many well-established payment systems within the next few years.
Bitcoin is a form of non-cash payment which is boosted by enhanced privacy, payment finality and immediacy. The surge in its popularity is an early testimony to the immense potential of bitcoin to flourish as a regulated and recognized currency.
Since its inception, it has moved ahead to become a popular payment system within the gambling industry. More and more gamblers are using bitcoins and other cryptocurrencies at the betting sites and Crypto casino.
The world of digital currencies and the world of gambling form a great confluence. The benefits offered by Bitcoin and its counterparts isn’t an oversight. There are several top bitcoin gambling sites that accept Bitcoin along with other existing options.
A new report shows that presently, most proceeds come from Bitcoin and altcoins thus implying that providing users with more options (especially bitcoins and altcoins) to gamble with immensely benefits an Crypto casino.
This novel payment method is greatly appreciated by the gambling enthusiasts. Several gambling service providers also seem to be sticking with Bitcoin as there are several benefits for accepting bitcoin as a payment.
Not only the user but the service provider might also receive rewards from exploring the opportunities in this department. In a lucky bitcoin casino live 2019, the players are provided with a level of privacy and security which is something that’s been sought for a while now.
Currently, state regulators are not showing much interest in establishing bitcoin as a regulated currency. However, they have acknowledged that the currency can impact the gambling industry positively, provided it’s integrated properly into the gambling scene.
The gambling industry’s attitude towards bitcoin and other cryptocurrencies has been positive lately and this brings hope to bitcoin users that soon in the future, bitcoin currency will become widely accepted, just like other regulated currencies by the gambling industry.