Bitcoin Casinos 2017 - A Gambler's Guide to Using Bitcoin
One of the newest emerging trends amongst keen online bettors is gambling at Bitcoin Casinos. Perhaps the primary reason that these types of casinos are becoming increasingly popular is the fact the digital cryptocurrency makes it easier for gamblers to deposit and withdraw funds more easily than other payment options do. Looking for a Bitcoin Casino? If so, have a look at our list and guide below and start winning more Bitcoins!
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With Bitcoin’s growing popularity in the online realm, a number of online casinos have opted to offer Bitcoin as a payment option. If you’re fond of the idea of using Bitcoin as a currency and want to find an online casino to play at, then you’re certainly in luck as we’ve managed to narrow down the list to a couple of fully reviewed casinos which you’ll find above in our Supported Bitcoin Casinos list.
Although the first Bitcoin network was initially seen in 2009, Bitcoin as a new modern day currency hit the mainstream market in 2011 as the world’s first decentralized currency. This particular currency differs to traditional currencies like the US Dollar, Euro and Sterling as it does not use any third party. Unlike other currencies it has no central bank and solely functions through the peer-to-peer marketplace. Despite having suffered from a rather turbulent period due to its contemporary nature, over the years its popularity along with its reputation has grown from strength to strength. As a result, when the year marked 2014 thousands of online businesses started offering the Bitcoin as a payment option. And now, Bitcoin has also started to be accepted at many online Casinos!
Bitcoin Gambling – Playing Online Casino Games with BitCoin
As gamblers we all experience the bright lights and glamour of Sin City calling out our name in excitement from time to time. And sometimes it’s hard to ignore. So, what happens? Well, occasionally, you’ll find yourself taking out your credit card to book a hotel and accommodation for a long weekend stay at the gambling mecca, Las Vegas of course. Yet, to many of us hard working folk out there, this is often awfully too expensive.
Luckily, nowadays the World Wide Web offers us lucky gamblers from all corners of the globe a Plan B just in case we’re unable to take time off from work or simply find ourselves unwilling to sacrifice a significant portion of our bankrolls to extra expenses. This alternative is undoubtedly, the widely popular, thrilling experience of playing at online casinos where Slots games are a plenty, Blackjack games come in a melange of different variants and Roulette amid other games such as Baccarat, a favorite amongst highrollers, are available 24/7. And of course, all you need to do to play at one of these casinos is transfer money using Bitcoin. So, forget the long flights and extra expenses and opt to transfer money to an online casino instead. There’s nothing to it really!
1/ Create a Bitcoin Wallet
In order to use BitCoin at online casinos, you’ll first need to get a BitCoin Wallet to be able to deposit and withdraw funds. This of course can be set up through BitCoin’s site. Fundamentally, there are two types of wallets you can set up; web-based wallet service and desktop wallets. For convenience sake, our casino experts recommend that you set up a web-wallet rather than a desktop one which will actually require you to install software on your computer. However, if you’d personally prefer using one that’s more secure, opt for a desktop wallet which does not work through third-party online software. On opening a BitCoin wallet, all you’ll need to do is sign up by providing your address and setting up a password. You’ll then be asked to given a Bitcoin address to use whilst making transactions to and from your wallet. Similarly to Paypal, Neteller and Skrill, a BitCoin wallet will act as your digital own personal digital wallet. The sole difference between these e-wallets and BitCoin is that you won’t be required to disclose any personal address.
2/ Load Your Bitcoin Wallet with Bitcoins
After you’ve set up your own Bitcoin account and selected the type of e-wallet you’d like to have through their official site you’ll be required to buy a few Bitcoins to use. You can do this through a variety of different ways.Amongst them are the following options you can choose to use:
a) Your Bitcoin wallet: You can buy Bitcoins through your very own wallet.
b) Bitcoin exchanges: Certain exchange services like BTC China or Bitstamp allow you to trade a number of currencies for Bitcoins as well as other digital currencies. You can also exchange your Bitcoins into another currency if you’d like to.
c) Over the counter: You can also buy Bitcoins from other users for a pre-agreed price.
d) Bitcoin ATMs: It’s also possible to find Bitcoin ATMs in some cities which will allow you to load your e-wallet with Bitcoins.
e) Mining Bitcoins: You can earn bitcoins through mining. This involves using special software to solve math problems. In exchange, users are given bitcoins.
3/ Sign-up a Bitcoin Casino & navigate to the payment options page
Once you’ve made your choice in terms of which of the Bitcoin Casinos to choose, you’ll need to set up an account. When you’ve successfully managed to do so, navigate your way to the casino’s payment option page and choose BitCoins as your currency.
4/ Deposit your bankroll at one of the Bitcoin Casinos
Once you’ve performed the above steps, you’ll then be able to make your Bitcoin deposit. In doing so, you won’t have to enter any card details as Bitcoin doesn’t use credit/debit cards. Instead, funds in a user’s Bitcoin account are transferred between you and the casino through bitcoin addresses. These are characterized as a series of letters and numbers that usually range from 27-38 characters. Therefore, if you’ve chosen to use Bitcoin you will need to know what your Bitcoin address is as well as the Online Casino’s address when making either a deposit or withdrawal.
In order perform this step, open your Bitcoin wallet and click on the ‘Send Money’ menu. Next, fill in the amount you’d like to deposit along with your own address, enter the casino’s Bitcoin address and click to confirm.
How to Withdraw Winnings from Bitcoin Casinos
1/ Log into your Bitcoin Casino Account
When it comes down to withdrawing your funds after you’ve managed to win a great sum of money, you’ll be able to withdraw your winnings effortlessly. The first step you need to take is go to the payment options page of the online casino you’ve one money at.
2/ Enter your Bitcoin Wallet Address
Once you’re on the page, fill in the field which is marked Bitcoin address. Your funds will then be transfer from your selected Bitcoin casino to your Bitcoin account.
3/ Wait for the Transfer to occur
When you’re finally done, all you’ll need to do next is to wait for your money to be transferred from your Bitcoin Casino account to your bitcoin wallet.
Many gamblers out there the world over whose curiosity has been sparked by Bitcoin, often ask themselves how safe the cryptocurrency really is to use at online casinos. And who could possibly blame them? With so much fraud occurring nowadays, safety is definitely an important factor to consider before depositing your whole bankroll at an online casino and risking it all. Well, if this happens to be your concern, our casino experts can clarify that using Bitcoin is one of the safest methods you can choose to use. All the casinos we’ve listed in our list of supported Bitcoin Casinos are all there because they all have phenomenal security of their own.
In our opinion, one security feature which has made Bitcoin stand out from the rest is its ability to be able to send to money from one Bitcoin address to the other without any third party being involved. Hence, it cuts out the need to use a middleman, such as an e-wallet, credit card etc., which often ask for personal information. All bitcoins are isolated in a segregated offline system with absolutely no internet connection. Hence, this eradicates the possibility of any sort of data theft. Each and every bitcoin wallet that uses an offline desktop system is encrypted with the latest and greatest technology that’s used by banks, governments and financial institutions.
On attempting to make a Bitcoin transfer to an online casino, you’ll be able to see the transfer almost immediately (typically after 10-15 mins). However, the transfer will still be ‘unconfirmed’ as such. The transfer will usually be ‘confirmed’ within 1-3 hours.
Provided that Lady Luck is on your side and you’ve won a handsome amount of cash whilst playing online, you’ll obviously want to withdraw your money from the online casino afterwards. Typically, this will take about 24 hours for you to complete.
The customer support at our Btc Casinos is superb. It’s no wonder that many gamblers on the net are choosing these types of casinos to play at! With their 24/7 customer support, the casinos in our list all exemplify what customer support ought to be like. Customer support at these csainos is available through live chat, which is probably the quickest way to get information on what you’d like to know about, email and also phone.
No Third Parties involved in transaction
As a digital cryptocurrency, Bitcoin does not use any third parties in order to help in the transfer of funds from one account to the other. Hence, when you’re using Bitcoin, you’ll be able to avoid paying any third party fees.
More Secure Transactions
As an e-wallet, Bitcoin makes it incredibly easy to transfer funds. Provided that it’s used correctly, you’ll notice that this payment method offers its user’s great security features. However, you should always keep in mind that you must implement certain practices in order to safeguard your information.
Bitcoin offers anonymous play
Bitcoin Casinos offer users complete anonymity when gambling online. The most information Bitcoin casinos will regularly ask for is a player’s email address. This is because otherwise the casino would literally have no way in which to recover the user’s password just if a player had to forget it.
In order to safeguard your privacy you must make sure not to share your Bitcoin address and Identification details with others simultaneously. This is because all Bitcoin transactions are saved permanently on a public network.
No Fees when using Bitcoin
The cost of making a Bitcoin Transfer is close to nothing. Whilst the cost to transfer Bitcoins is typically free, an online casino might charge a small amount occasionally. So, always make sure to read the fine print beforehand.
Disadvantages of using Bitcoin Casinos
Gamblers may be required to pay taxes on their Winnings
On withdrawing your winnings you might be required to pay tax on the amount even though the government does not consider Bitcoin to be an official currency. This is because there is value attached to each Bitcoin.
Once you've submitted a payment using Bitcoin it's irriversable
You should bear in mind that if you opt to transfer funds using Bitcoin, you won’t be able to cancel the payment. In essence, Bitcoins can only be refunded by the online casinos you have paid. Therefore, you should opt to always do business with companies that are both trustworthy as well as secure.
Bitcoin's Value tends to fluctuate
Due to the fact that Bitcoin is a relatively new currency, the value tends to increase as well as decrease over a short period of time.
Is Bitcoin gambling legal?
Yes, it is completely legal to use Bitcoin when gambling.
Are Bitcoin Casinos regulated?
Not all online casinos are regulated and the same goes for Bitcoin Casinos. However, you will find many out there that are. If you don’t want to waste time looking for one, have a look through our list of casinos at CasinoTop10 and start playing!
Are Bitcoin Casinos secure?
There are many Bitcoin casinos out there which are secure, but there are also those which are do not value security and will try to rip you off. So, prior to signing up to an online casino, do your homework. Primarily, this will involve checking the license and reputation of the online casino you’re playing at beforehand.
Am I entitled to a free Bitcoin bonus when playing at a casino in CasinoTop10’s list?
Yes, on depositing money through Bitcoin you’ll be entitled to an online casino bonus upon signing up. All you need to do to benefit from the online casino bonuses at CasinoTop10 is to click on the casino’s bonus that’s displayed in our list of casinos above.
Are there Mobile Bitcoin Casinos I can play at?
Most Btc Casinos nowadays have their own mobile versions of the desktop versions available through browser or download. So, you’ll be able to hit the Blackjack table, watch the Roulette wheel spin or play your favorite Slots online game no matter where you are!
Is there a minimum or maximum deposit amount?
No, one of the great things about BitCoin is that there is no minimum deposit amount. However, a minimum or maximum deposit amount is typically decided on by the casino itself. So, if you’re a highroller, you should always check out the maximum amount you can deposit in the casino’s terms and conditions.
Do I need to provide personal information when using Bitcoin?
No, part of the allure of using Bitcoin online casinos is that you don’t have to give any of your personal information when you’re depositing.
Are there US friendly Bitcoin Casinos?
Yes, Bitcoin Casinos are typically US friendly.
Are there good alternatives to using Bitcoin Casinos?
Yes, there are lots! Amongst the most popular casinos to play at for security reasons are PayPal Casinos, Skrill Casinos and Neteller Casinos where the respective e-wallets are used to transfer funds. Moreover, Mastercad Casinos, Visa Casinos and Amex Casinos with their respective credit/debit card options are also quite common to play at. Besides these, there are also a number of other casinos to play at which support different types of payment options too.
Have the Time of Your Life by playing at the Best Bitcoin Casino!
Bitcoin’s introduction to the global marketplace has certainly left a profound mark on the online casino industry. It’s not only enabled players to deposit and withdraw their winnings easily, but has also allowed players to do so anonymously. So what are you waiting for? Have a look through our list of supported Bitcoin Casinos today to find a fantastic one for you to play at and possibly win a handsome fortune!