The popularity of Bitcoin as an international, digital currency has enabled a new economy to flourish in parallel to the existing traditional currency-based economy. Cryptocurrencies and bitcoin transactions continue to gain popularity. They have also enabled a new online arena for gambling, gaming, and lotteries through something called a bitcoin casino. In this article, we will help you learn how to find a Bitcoin casino?
The advent of the Bitcoin virtual currency in 2008 has brought about a whole new way of funding online casino play. A number of top sites now either dealing exclusively in Bitcoin, or welcoming them alongside more conventional payment methods. With some clear advantages such as guaranteed payments, anonymity, and instant processing, the days of Bitcoin casinos have only just started. However, because of it’s popularity, there are now hundreds of betting sites that accept Bitcoin or use it exclusively.
What Are Bitcoin Casinos?
For those unfamiliar with bitcoins, bitcoin is the most popular digital currency based on something called blockchain technology. A few online casinos transact only in bitcoins. Others, on the other hand, offer bitcoin as an additional currency of transaction, in addition to transactions in traditional currencies like the U.S. dollar.
There are growing numbers of online casinos which offer gambling and money-based games in bitcoin currency. Bitcoin casinos operate all over the globe, though they are supposed to be subject to local laws. Through bitcoin transactions, these casinos offer a wide variety of options for players to bet on. This includes traditional casino games, gambling games, sports-based betting, online lotteries, and spread betting.
How do they work?
Software remains at the heart of any online gambling or gaming business and the same holds true for bitcoin casinos. Most popular bitcoin casinos with large user bases run their own gaming software, developed on their own. Other smaller players use purchased or rented versions, which may be customized by adding a few unique features to the game.
The software conducts and runs the game, with minimal human intervention. For games needing all human players, the software plays the role of the table dealer (actually conducting the game). Due to the digital nature of their business, bitcoin casinos face the challenge of convincing the users about the fairness of their operations. Most bitcoin casinos attempt to establish trust by openly disclosing how their software algorithms work. For the rest, it’s more of a peer to peer reference that works or the uniqueness of their offering in the casino games.
Poker is the most popular game for bitcoin casinos. Although there are a lot of other interesting games, lotteries, and variations of popular games as well.
Legal Aspects of Bitcoin Casinos
Due to the nature of bitcoin transactions and challenges listed above, running bitcoin casinos is illegal in the U.S. Most of the legally known bitcoin casinos are incorporated outside of the U.S. Interested users from all over the world (including a significant user base from the U.S.) transact on these bitcoin sites anonymously, posing a big challenge for authorities to regularize, control, and legalize the transactions. Lack of open information on such anonymity-based businesses poses a challenge to gathering the type of data that would be needed to enforce rules.
How to find a Bitcoin casino?
Here are four of the most popular online casinos that have a good reputation in the player community at the moment.
Coinbet24 is one of the best bitcoin sports betting & bitcoin casino operators out there. Creating an account on the website is very simple and straightforward. You need to put in your e-mail, address, date of birth, and country to create an account. Additionally, all you need is your bitcoin wallet to fund the bitcoin betting account. On top of that, the Coinbet24 Bitcoin sportsbook allows you to bet on the best leagues from the most popular sports in the world. Find markets for football’s Premier League, Bundesliga, Serie A, La Liga, English Championship, and much more. Additionally, enjoy betting on the most popular North American sports like NBA, NHL, NFL, MLB, college sports, etc.
Meanwhile, 7Bit Casino has lots of Microgaming, Betsoft and Ezugi slots, table and card games to enjoy, and with other providers added in there is a total of over 500 titles. Hit slots such as Gold Factory, Avalon, Terminator 2 and Platinum Lightening are just a few of them.
There are also live dealer games, and progressive jackpots that can be paid out either in Euros or Bitcoins. A great welcome package starts off with free, bitcoin casino no deposit bonus spins on the slots when you sign up through JohnnyBet links and continues with a really nice 7Bit casino Welcome Package up to €550 or 5,5BTC over the course of your first four deposits, plus 175 free spins on their slots games.
Bitstarz Casino features software and games from SoftSwiss, Amatac, and Endorphina. This gives players access to an impressive collection that includes lots of 3D effect slots. A number of Microgaming titles like Jurassic Park and Immortal Romance also make a welcome appearance here. Like all of their games, they have been independently assessed to be completely fair and trustworthy.
Players can wager in Euros or Bitcoins and Bitstarz welcome package of 6BTC or €600 can be claimed when you register and deposit funds via JohnnyBet links. Additionally, there are 180 free spins to claim. Even without a deposit, there are 30 free spins to enjoy. This means you can join Bitstarz Casino and start playing at no cost. By the way, Bitstarz is the only website where you can find Bitcoin casino no deposit bonus. Besides that, each week, Bitstarz players can pick up a further deposit match bonus. There are free spins on selected slots when you make a qualifying deposit on a Wednesday. That’s why we think that this is the best bitcoin casino out there!
1xBit might be known to you as a great online bookmaker. However, the website has a very rich casino section as well. The Casino works with more than 30 different games software developers to provide you with the best gaming experience possible. Among them, you can find the most popular brands like NetEnt, NextGen Gaming, Gameplay Interactive, SA Gaming and many more. If you’ve been around the block then for sure you know slots like Starburst, Neon Reels, Zeus the Thunderer or Mysteries of Egypt.
We all like bonuses right? Of course, we do. They ensure our winnings and make online gambling more interesting. Unfortunately, the majority of bonuses at 1xBit involve Sports betting. There are few casino promotions like Lucky Wheel Bonus, where you can get free spins in Games section or Lottery with unknown prize but these promotions aren’t impressive. On the other hand, Sportsbook bonuses will satisfy even the most demanding customer so you should definitely check them out if you are also a fan of online sports betting.
How to find a Bitcoin Casino? – Advantages
Bitcoin Betting Casinos are Transparent
Traditional casinos are known for concealing information from their customers, such as potential winnings. They also have a bad reputation for using various obscure tricks that give them an upper edge over gamblers. Many gamblers are usually unaware of these heinous tricks. Accordingly, they continue gambling and losing without knowing the actual reason for their losses. Traditional casinos typically take advantage of oblivious gamblers, in an unscrupulous manner.
Bitcoin casinos have eradicated the possibility of the house using dodgy tricks that give it an upper hand in winning. They provide a transparent and clear platform ensuring the odds are legit and clear to gamblers. This transparency ensures a mutually positive business relationship eliminating most forms of scams.
Bitcoin Betting Casinos are Cheaper
Traditional online casinos are marred by their exuberant costs associated with transactions and deposits. Adding insult to injury, gamblers also have to bear with a myriad of taxes and duties, and this has a considerable impact on the total winnings earned.
With Bitcoin casinos, most of these costs are nearly absolved, since transaction fees are either zero or low. Bitcoin casinos are also non-regulated by any payment services or institution, making transactions even cheaper. Gamblers also normally enjoy low withdrawal fees and deposit costs; this makes Bitcoin casinos more preferable than traditional casinos. A Bitcoin wallet is all you need to be able to gamble on a Bitcoin Casino. Check our article on how to get a bitcoin wallet to learn more about this matter.
Bitcoin Betting Casinos are Safe and Secure
Most traditional casinos require their customers to provide them with private and personal information such as credit and debit card details. Providing your confidential data on these platforms can turn out to be a risky endeavor. The dreary process of filling out endless forms that require tons of details further exacerbates this.
Bitcoin casinos have come to the rescue and eliminated this impediment guaranteeing that gamblers’ personal information is safeguarded. In most cases all users have to do is deposit funds to a specified address and commence gambling. Bitcoin casinos also eliminate the monotonous task of filling out your details while joining. You also won’t need to login everytime you want to gamble. Bitcoin Casinos are much safer and simpler to play on.
Casino gambling, whether based on conventional currency transactions or anonymous digital currency transactions, has always been a debated topic on ethical grounds. Add to it the complexity of bitcoin transactions, and the operations of bitcoin casinos become increasingly challenging. While it is always exciting to get carried away with easy money making options, users should keep in mind the legal aspects, challenges, and risks. We hope that this article has enough information about how to find a Bitcoin Casino.
The real message behind this text is how to actually find the best Bitcoin Casino for your needs. With that being said, we suggest checking the Coinbet24 Bitcoin Sportsbook & Online Casino that we mentioned above. Coinbet24 offers tons of sports betting markets and fantastic odds on their website. Additionally, they have more than 100 online slots as well as dozens of different casino games. The best thing about all of this is that players can use Bitcoin to bet on anything that can be found on Coinbet24.