Anyone interested in online casinos will sooner or later come across Bitcoin Casinos. But which providers are reputable? What about fees and features? We have looked at the most well-known crypto casinos, tested them and now compare them in the following article.
A Large Number of Casinos Support Bitcoin Payments
Bitcoin has become an accepted form of payment at a majority of online casinos worldwide. Most mainstream companies have their own bitcoin payment interface that allows players to transfer bitcoins anonymously and through secure channels.
Secure, Anonymous, Fast & Cost-Effective Money Transfer
Casino Bitcoin payments ensure security and anonymity as they are decentralized. Blockchain technology ensures that cryptocurrency transfers are only between two parties, so a third party cannot decipher the transfer. Therefore, the speed of the transaction and the privacy that comes with it is a great additional incentive for accepting cryptocurrencies for casino payments.
Greater Global Accessibility
Some nations have now enacted very strict anti-gambling laws that prevent their residents from engaging in online betting or gambling. Bitcoin casinos mostly work completely anonymously as there are no indicators or traces of payment to a casino site. Therefore, players can use bitcoins to access any of their favorite online casinos and bypass restrictions set by the government or authorities.
Bitcoin Bonuses & Free
Betting Credits Companies often promote their Bitcoin payment option through bonus programs and extensive advertising campaigns that offer users unusually large bonuses and free betting credits. These bonuses are great for increasing your bankroll without taking any extra risk at the tables. However, casinos can set some wagering requirements for their bonus users. These require players to place a minimum volume of bets in order to unlock their wallets for withdrawals.
The cryptocurrency Bitcoin is already an integral part of the global financial world, so logically attempts are being made to integrate it into everyday life in a variety of ways. Even if there is always talk of a “bubble” with Bitcoin that will soon burst, there are enough experts who are convinced that Bitcoin can no longer be pushed off the screen. So-called Bitcoin online casinos, for which cheap and secure payment transactions are essential , also deal with the digital currency and even offer to make deposits with Bitcoin.
It is not only in the interest of online casinos to reduce transaction costs, but also to be able to give players a fair amount of freedom of choice. The more payment methods are offered, the higher the probability that the variant suitable for a potential player is also included. This is exactly where the cryptocurrency Bitcoin comes into play.
But can you just decide on a bitcoin casino or is it advisable to gather information in advance to be sure that it is a recommendable provider? First and foremost, it’s not just about being able to make deposits with the cryptocurrency Bitcoin, but also about any fees that may be incurred, the range of games and, of course, the question of whether it’s a reputable – i.e. licensed – provider.
If you are looking for a reputable bitcoin casino, it is advisable to proceed in the same way as if you were looking for a classic online casino. The following points must be observed:
1. First of all, it is about making sure that the online casino has a valid gambling license at all. The Malta Gaming Authority is, among other things, a relatively well-known authority that issues gambling licenses.
2. It is also important that the online casino is checked by an independent company at regular intervals. The customer thus has the certainty that the random number generator (abbreviated: RNG) as well as the payout rate (abbreviated: RTP) are continuously checked so that any fraudulent activities can be ruled out. In the end, luck really decides whether you make big profits or not.
3. If you have the certainty that you are dealing with a provider with a gambling license, the next step is customer service . So how helpful are the employees if you need help or support? In this case, you should also check whether the assistance is offered in German or not.
4. Another point that should not be ignored is the testimonials that can be found on the World Wide Web . If you are unsure, you should look for any ratings or test reports. If there are any reports of satisfied customers on the casino’s website, you should be particularly careful – they could be reviews written by the casino itself to put yourself in a better light. Especially when there are a lot of negative reports on the Internet, there are a few providers who try to attract new customers with “better reports” that can be found on their own site. In the end, testimonials are only helpful if they were found on independent platforms.
5. In the end, it’s all about the available payment methods . If you want to make transactions with the cryptocurrency Bitcoin, it is important that the digital currency is also accepted by the online casino Bitcoin.
Basically, the payout process at most Bitcoin casinos is just as easy as the deposit process with cryptocurrency. Here we explain the process again step by step:
Confirmation of the e-wallet address: If you did not have to confirm your identity and/or your e-wallet address when registering, you will be asked to do so at the latest when you apply for the payout of your bitcoins. In this case, you submit the required documents and your address and wait for the confirmation, which can sometimes take several hours or even a day.
payout: In most cases, you can now request your payout by simply clicking on the payout button. Depending on which currencies a crypto casino offers, you must specify the desired currency and the respective payout amount in this step. Note that some bitcoin casinos have minimum payout amounts (see comparison table above) that you cannot go below.
Collect winnings: Your winnings will now be credited to your wallet. Sometimes it can take a little longer for the amounts to arrive in your account – the payout time differs from casino to casino and depends above all on the amount. In the case of particularly large amounts (usually 100 BTC and more), it is quite normal for the payout to take several days or be staggered by the casino, since these large amounts usually greatly exceed the intended payout amounts.
A casino that provides its customers with the payment option Bitcoin does not only appeal to crypto fans. Because the crypto casinos have some real advantages that should not be ignored. These include greater protection of privacy and the often better selection of games, which is really remarkable in the best crypto casinos. Live table games and other gaming genres can often be played at good crypto casinos, which are otherwise difficult to find at most other online casinos. However, one must not forget that there are also a few downsides if you decide to deposit with Bitcoin.
Probably the biggest plus of the crypto casinos is the anonymity . The customer can make a deposit anonymously – it is not possible to find out any details indicating who made the deposit. This means that you don’t have to worry about any taxes or costs such as fees.
The disadvantage, on the other hand, is that the market value of the cryptocurrency is of course fluctuating . This means that the balance can change at any time – so you can have less money in your account on Wednesday than on Monday without having played. For this reason, you should also change the Bitcoin in the online casino into euros so that the balance – regardless of the Bitcoin exchange rate – remains unchanged, as it is not dependent on any exchange rate fluctuations.
Attention: One must not forget that a bitcoin casino not necessarily an official gambling license is required. The offer can therefore also be made available without being checked by a supervisory authority. In view of this, it is advisable to find out in advance whether the casino has a license.
Datenschutz: Einzahlungen können anonym erfolgen
Geringe Gebühren: Die meisten Bitcoin-Casinos haben sehr niedrige Gebühren bei Ein- und Auszahlung
Schwankender Kurs: Der Bitcoin-Kurs ist sehr volatil, d. h. auch ohne eigenes Zutun können Gewinne oder Verluste entstehen
Nur wenige Bitcoin-Casinos mit einer Lizenz: In unserem Test haben wir ausschließlich lizenzierte Casinos vorgestellt!
In order to stand out from the huge competition and to be attractive to players, almost all online bitcoin casinos offer certain bonuses. These are mostly free credits that you can use for your bitcoin casino games, free spins and the like.
Sounds too good to be true? In fact, players should also exercise caution with bonus offers and always read the fine print carefully. The offers often expire after a certain time, are not applicable to all slots or are only paid out after a specified minimum amount has been wagered (see the section “Sales requirements at Bitcoin casinos”). Therefore, always check Bitcoin Casinos and their bonus offers in detail for their license, bonus conditions and seriousness before you start playing.
In addition to the question of whether fees are incurred, it is also a question of whether the provider promises a bonus. However, there is currently no exclusive welcome bonus that is explicitly only available to those players who have decided to deposit with Bitcoin. However, most casinos offer a bonus on the first deposit – usually 100%. Before you decide on a bonus, you should deal with the bonus conditions.
Of course, bitcoin casinos aren’t businesses that can just give away money. Therefore, most bonuses at online and bitcoin casinos are given to so-called sales conditions attached. These stipulate that players can only receive real money after a certain amount of games and turnover that they have made with the bonus money. This is to ensure that the casino’s “investment” in a new customer is really worthwhile, i.e. that they do not simply register and are paid any sums of money without playing.
Sometimes it’s the bonus offers that decide which of the best bitcoin casinos you end up playing at. In this section we present you the exclusive bonus offers of the three best bitcoin casinos so that you can quickly and easily find the casino that suits you best.
Bitcoin gambling has grown rapidly in popularity since 2012. Today, therefore, the online gambling world is populated with a huge selection of reputable bitcoin casinos. But why all the hype about Bitcoin Casinos? Are there really that many benefits of switching from “real” currency to cryptocurrency?
Some of the main benefits that players and casinos alike get from using bitcoins include:
Bitcoin works on a fully decentralized blockchain where values can be transferred from one node to the next. These transactions are completely anonymous, secure and not tied to central banks, intermediaries or any other third parties.
You Can Cash Out Bonuses in Bitcoins
Many people believe that Bitcoins will increase in value dramatically over time and are therefore always looking for new opportunities to accumulate BTC. Bitcoin casino bonuses are a great way to do this. Most online casinos offer bonuses to players such as B. Re-deposit bonuses, matched deposit bonuses, free spins, multi-deposit bonuses, etc.
Geolocation-based restrictions can be avoided
Geolocation-based restrictions mean limited accessibility for online casinos. The restrictive practices of geolocation-based online casinos keep preventing players from playing their favorite slots. With a bitcoin casino, bets can be placed from anywhere in the world, anytime, with minimal fees and fast transaction processing times.
Many online casinos that offer an option to pay in BTC tend to offer a wider range of additional payment methods. So if you’re wondering what the difference is between payments in Bitcoin, other cryptocurrencies and traditional forms of payment, then you’ve come to the right place.
Basically, the use of Bitcoin as a payment method in the casino has these advantages for players:
It saves time
It doesn’t matter where you are or where you want to transfer your coins: With BTC, a transfer is credited almost instantly.
Fees There might only be fees for processing transactions faster or converting bitcoins into real-money currencies. Nevertheless, the costs are kept very low compared to traditional payment methods.
It is safe
Your payment information cannot be stolen. No personal information is required for bitcoin transactions, protecting you from identity theft.
From a security perspective, bitcoin casinos have one key advantage: they keep their gaming activities safe from the eyes of regulators. After all, nobody wants the long arm of the law in the form of various authorities snooping around in their personal casino accounts. Bitcoin offers the level of anonymity needed to protect you from government encroachment . It keeps your account balance private from third parties.
Protection from criminal interference is also a concern. Many players’ casino accounts are often very vulnerable to attacks by malware, adware, trojans, keyloggers, etc. When you play for real money at a bitcoin casino, you do not reveal any personal information about your identity or even your account. So always make sure you keep your bitcoin wallet password safe.
Despite everything, when choosing a bitcoin casino, you should always make sure that the provider has a valid license. Because Bitcoin casinos are currently not required to be licensed by a supervisory authority, there are always some fraudulent providers on the market.
While there are now countless options for online casinos, the selection of good app versions of these crypto casinos is still quite small. Additionally, if you only want to play with cryptocurrencies, this can significantly reduce your options. Still, there are some excellent online casinos that work flawlessly as a native app or web app on both iPhones and Android devices. This gives you some excellent options for playing on the go while waiting for appointments or going shopping.
We recommend only using apps from well-established bitcoin casinos that have been in operation for at least 5 years and have an impeccable record of honesty and fairness.
By the way: Most of these mobile BTC casinos also accept alternative coins like Ethereum, Litecoin , Dash , Dogecoin or Monero.
Nowadays internet casinos offer a wide range of bitcoin slots to choose from. A good tip for newcomers is to try the demo version of a slot they are interested in first without registering. Make sure to only play at reliable bitcoin casinos.
To make sure a bitcoin casino is legit, look out for a few things:
Reputation & Ratings
Bonus Offers & Wagering Requirements
Online casinos have also understood that cryptocurrencies have long since ceased to be limited to Bitcoin. In order to give players greater freedom in choosing their payment methods, many of the Bitcoin casinos now also offer alternative cryptocurrencies for deposits and withdrawals.
At FortuneJack, for example, you can choose from eight different cryptocurrencies:
Bitcoin Cash (BCH)
The bitcoin was not just a trendsetter that ushered in a wave of cryptocurrencies built on top of a decentralized peer-to-peer network. It also became the de facto standard for cryptocurrencies, inspiring an ever-growing following.
In 2021, more than 4,000 active cryptocurrencies have already been recorded. While many of these cryptocurrencies have little to no following or trading volume, some enjoy immense popularity among dedicated communities of supporters and investors. Arguably the most well-known Bitcoin alternative is Ethereum, which has the second largest market cap in the crypto market. Other popular Bitcoin alternatives currently include:
Ethereum/Ethereum 2 (ETH)
Bitcoin Cash (BCH)
Binance Coin (BNB)
Whatever you may think about bitcoin as a cryptocurrency, no one can seriously deny the popularity and trust this currency has gained in such a short span of time since its inception. The biggest role in BTC’s success story was certainly played by the fact that a currency was now working in a completely decentralized way for the first time. Bitcoin is not controlled by any bank or government and allows traders and buyers a huge degree of anonymity.
But first, let’s take a step back and take a closer look at the history of bitcoin to better understand its advantages for casinos and last but not least for players.
As already mentioned, Bitcoin is a cryptocurrency that works as a so-called decentralized payment system. This means that the currency acts independently of banks and countries, and transactions are also carried out peer-to-peer, i.e. in direct exchange between two people.
The history of bitcoin – development, milestones and turning points
Since its invention and introduction, Bitcoin has enjoyed great fame and popularity around the world. Here’s what some of the major milestones of the bitcoin currency have been so far:
2008: A letter entitled “Bitcoin Peer-to-Peer Electronic Cash System” is sent to the authorities responsible for cryptocurrencies. Behind it is a person or group who calls themselves Santoshi Nakamoto. To this day, her identity is a secret and she acts completely anonymously. This letter establishes the name Bitcoin.
2009: In January, Bitcoin is introduced for the first time – in the same month, the first transactions with the cryptocurrency are successfully carried out and mining begins.
2010: Bitcoin receives more and more publicity and its value is officially estimated for the first time, which now allows BTC to be traded.
2017 : Bitcoin hits a peak unprecedented in digital currency history. It reaches a price of $10,000, which is a big deal for a recently launched currency. At the end of the year, there are many exchanges launched for crypto trading and the bitcoin is one of the most searched topics in the world.
2018: After December 2017, Bitcoin has one of the biggest crashes ever. It plummets from nearly $20,000 to an average of $6,000 per coin.
2020: The Covid-19 pandemic causes a recession in the global economy. The cryptocurrency Bitcoin remains largely unaffected by external influences. Your value increases and achieves record-breaking achievements. At the end of 2020, Bitcoin reaches a new price high.
T hrough the use of blockchain technology, cryptocurrencies are finding their way into many industries as secure payment options for many online platforms. Across the spectrum of online businesses, casinos have been the most common cryptocurrency switchers to date. The future of bitcoin casinos looks certain as more and more gamblers place bets online or on their smartphones and place greater emphasis on security, accessibility and last but not least, anonymity.
Experts assume that there will be an industry-wide transformation in the next ten years. As a result, only forward-thinking casinos will remain competitive while others are left behind. There are already a lot of advances in the adoption of blockchain technology in the casino industry. Once the last worries are cleared, you can expect more and more online casinos to adopt this technology.
More and more online casinos are offering their customers the option of topping up their player accounts with Bitcoin or other cryptocurrencies. The payment process is not only extremely simplified by using BTC, the digital currency also scores in the area of security and data protection. In times of increasingly regulated online casinos, this is a significant advantage over common paper money currencies.
However, players should not rely solely on bitcoin’s reputation in the casino world. Because while the payment method itself may be secure, sometimes the casino itself is unfortunately not. Fraudsters romp around every corner and are currently not prevented by any supervisory authority from swindling players’ money through unfair gaming conditions or similar.
Use reputable providers such as FortuneJack, bitcasino.io or casino.me who hold a license and are already established on the market. This way you can avoid cheating and in this sense enjoy playing risk-free.