The best bitcoin gambling sites always strive to make sure all their players are catered for. Selection of the best casino games is undoubtedly one of the most important aspects of online gambling platforms, as well as payment options. An online casino will attract more players if it offers them a chance to accept more banking methods.
Less than 10 years ago, there were very few payment options that gamblers can use to withdraw or deposit funds from their casino accounts. These include debit and credit cards on top of the most popular e-banking and e-wallet services.
However, over the last few years, there has been an increase in the number of bitcoin casinos being set up and there are some that have begun to accept other cryptocurrencies such as Ripple, Litecoin, Ethereum, and others.
Therefore, what is the biggest benefit of cryptocurrencies over the fiat in the casino realm? Also, it’s important to find answers to the reasons why gamblers are now opting for bitcoin gambling sites as opposed to other casinos.
Bitcoin Gambling Guide
Are you new to bitcoin casino gambling? No need to worry! You are in the right place. Read on to learn everything about the best bitcoin gambling sites as well as the best casinos bonuses available, different gaming options, and more things about binary trading options.
Why Gamble at the Best Bitcoin Casinos?
Playing real money casino games or betting on sports has become increasingly popular over the past few years. This growth can be attributed to the advantages that they offer to both the gambling site and players. To start with, players get to enjoy faster withdrawals and deposits, huge deposit bonuses, and other amazing offers at the casinos.
For a gaming site, they greatly enjoy reduced overhead because they do not have to employ third parties to process such payments the same ways it’s done by credit card deposits or bank account deposits. Furthermore, Bitcoin is also deregulated, which means there are some restrictions with regards to how the casino or players can use it.
Overall, bitcoin is very secure. Many bitcoin casinos guides largely overlook this important aspect. While there are many fiat casinos that claim to be 100% secure, they cannot guarantee the same level of security like bitcoin casinos do. First, bitcoin transactions are carried out over blockchain. Cybercriminals are not able to intercept your payment data, which makes it completely unhackable.
Why Gamblers are Choosing Bitcoin Gambling Sites
Casino gaming is a great leisure and pastime activity that has been around for many years and continues to become more popular. Over the years, players have been playing mobile casino games using the fiat currencies to make their wagers hoping that they will hit the jackpot and receive their winnings in bitcoin. Nevertheless, this growing trend has become incredibly popular today and bitcoin has already made progress in kicking out the fiat currencies in gambling.
The biggest threat to the use of the fiat currency is the cryptocurrencies. Cryptocurrencies such as ethereum, ripple, litecoin, and bitcoin have taken over the gambling world as the medium of exchange and it might come as a surprise to those who are considering the purchasing power and popularity of fiat currencies like the British pound and the US Dollar. Bitcoin gambling has grown in bounds and leaps over the past few years. The good news is that there are many online casinos that have adopted the use of bitcoin.
Privacy is Fully Assured
Bitcoin and other popular cryptocurrencies work as a completely decentralized blockchain that makes sure the value is transferable from one point to another. This means that the usage of cryptocurrencies in trade aids in bypassing the intermediaries and third parties when trading. Many punters want the utmost confidentiality when crypto gambling and playing real money casino games.
While gaming at a bitcoin gambling site, a player can transfer the value from their mined cryptocurrency account to the bitcoin window of the online casino without any stress. The anonymity amount that is provided by online bitcoin casinos is unrivaled, as you are not required to sign up with your personal details before you start playing at the casino. All that you need to do is transfer the money from the bitcoin wallet.
Before you start gambling online, most new nz online casinos require you to provide them with some personal details including your banking information. With many online casino websites, lurking on the Internet, sharing your sensitive details with some casino brands can be a serious issue. Even though you are fully convinced that the online casino you have joined is fully legit, gamblers still maintain some level of skepticism and are not very concerned when creating real money accounts.
Using bitcoin to deposit or withdraw funds from an online casino never connects you with any payment service or bank. This is because bitcoin is an independent currency that does not have any centralized system. So, you can rest assured that your anonymity is fully guaranteed and you will not have to leave any personal details to the casino site.
Transaction Flexibility and Speed
If you have been gambling online, you will agree to the fact that most betting sites require you to use your debit or credit cards when uploading money into your casino account. Card issuers and banks will then have to take some fee for processing the payments. It is at this point where the flexibility of bitcoin gambling comes in mainly because the transaction is cheap and seamless.
The bitcoin gambling platform empowers gamblers to determine their course by offering them full control over withdrawals and deposits. You don’t have to fear to be over-charged in the name of the bank charges. Moreover, making withdrawals and deposits on the bitcoin gambling sites is speedy as opposed to using debit cards to deposit funds.
One major advantage that brick and mortar casinos offer over their online peers is speedy payments. When you get to a casino, you just purchase the casino chips and cash them out once you are done.
However, online payments are somehow different. There are different types of procedures and you must share your banking information and wait for this to be approved by the casino. Furthermore, the cashout process puts the player in a 24-hour pending duration, and then you will have to wait for more days for the money to be credited into your bank account.
The good news is that bitcoin gambling circumvents all these processes. Both withdrawals and deposits are instantaneous and you will never have to wait for weeks for the payments to be processed.
Withdrawing and depositing from live dealer casinos are attached to some charges. Some casinos are greedier than others, but the smaller fees are usually on different platforms. Technically, these fees may be fixed, such as $10 per transaction. Also, there are some casinos that will take a specific percentage of the winnings.
While it’s possible that the same might happen with cryptocurrencies, it’s very rare. Many bitcoin transactions don’t include any fees. This is one of the main reasons why online casinos choose bitcoin gambling sites.
Highrollers are known to carefully choose the online casino they want to join. This is because they want one that has high withdrawal and deposit limits. Every operator has its rules regarding the payment limits, but these limits vary based on the banking option you choose.
From the wide range of banking methods, cryptocurrency has the highest limits, whether their main concern is a single withdrawal or monthly option.
Security and Safety Assured
Bitcoin Gambling sites don’t save gamblers’ personal details. If the sites occasionally hacked, all your personal information accessed by cybercriminals one way or another and this is not cool either way. Many players don’t want other unauthorized persons to access their personal details and this is exactly what bitcoin gambling sites provide them. In the same way, you don’t share your blockchain key.
No Geolocation-Based Restrictions
Essentially, there are many punters that have their favorite casino games and gaming is possibly restricted in the country where they live. This doesn’t happen with bitcoin gambling sites because you play your casino games via bitcoin-enabled sites by just funding your casino account. Technically, bitcoin gambling sites are bound to accept all players that want to use bitcoin to play casino games.
Games You Can Play at the Best Bitcoin Casinos
The best Australian casinos usually have a wide selection of high-quality games, many of which are online slots. You will find that most online casinos offer a wide selection of video slots. This is because they are linked with bitcoin are perfect or collection of the big winnings. If you register at the best online casinos, you can rest assured that you will also receive the best offers available.
Of course, you can also play other high-quality games offered by bitcoin casinos. In essence, roulette online is also very popular. The same applies to other games like bingo, craps, poker, baccarat, and blackjack.
Special Bonuses for Bitcoin Payments
If you are planning on depositing funds into your account using bitcoin, ensure you check out the gambling sites’ promotional offers. Most bitcoin casino sites offer special bonuses exclusively for players wagering at the casino. The deposit bonus is the most common type of bonus. Also known as a sign-up bonus, this is the first deposit you find when you deposit money into your casino account. In most cases, the bitcoin sign up bonus is usually larger than what fiat players get.
After you have played with the deposit bonus, most online sportsbooks and casinos offer ongoing bonuses, with the most common one being the reload bonus. The reload bonuses are not typically lucrative, but it offers you some extra cash to continue playing.
Bitcoin Sports Betting
If you fancy betting on sports, most sportsbooks are currently accepting bitcoin deposits and withdrawals. You should not be surprised to find a bookie that allows you to make a deposit and play using bitcoin. Also, the sites accept bets in mBTC or satoshis.
In essence, bitcoin sportsbooks allow you to wager on everything from rugby to football and International sports events and USA sports events such as the Major League Baseball and NFL.
Nowadays, not every bitcoin gaming happens at poker rooms, sportsbooks, and online casinos. We understand this and this bitcoin gambling guide wouldn’t have been complete if we never mentioned the best standalone bitcoin casino games. Initially, after bitcoin gambling was first introduced, bitcoin casinos only offered a few games.
Today, you will be happy to find that there are amazing casinos that exclusively offer great bitcoin games to their players.
Many online casinos only allow you to use bitcoin to deposit funds into your account. The casino then automatically converts the payment you just made to fiat currency. You can then start to play your favourite games using the fiat currency. The good news is that you can then change it back to bitcoin currency before you withdraw your winnings.
The best bitcoin gambling sites provide players with a chance to plat bitcoin games. This allows players to gamble using satoshis instead of fiat currency. Bitcoin games also include dice games, card games, live dealer games, and standard casino games. The games usually use the Provably Fair gaming model. These Provably Fair casino games allow the players to confirm all bets they place to make sure the gaming experience was completely fair.
Top 5 Best Bitcoin Gambling Sites
Bitcoin has become the most popular payment option for many punters. As mentioned in this post, it’s easy to see the reasons why bitcoin gambling has become so popular. As it is right now, you can enjoy playing the best casino games using bitcoin without fear of sharing your sensitive information with the casino. There are many gambling sites that provide the use of bitcoin as a withdrawal and deposit option. The number continues to grow.
Ari Waknine was born in Brooklyn, New York and was the founder of iGamble Group, an online gaming critique firm that helps players pick online gambling websites that fit their profile, as well as, helping them to increase their winnings. He is also the founder of NewCasinos.org, and is strictly focusing on this project making stronger and better than ever.