Bitcoin Casino Online Payment Guide
+ Best Bitcoin Casinos 2023
Our Bitcoin Casino Guide differs from others in that we carry out extensive research. Many supposed Bitcoin (BTC) casinos turn out to be nothing of the kind. Read on for a factual lowdown and report on where you really can wager with Bitcoin. We’ll also take a look at the new generation of “Provably Fair” games and their providers.
Best Bitcoin Casinos December 2023
Online Gambling With Casinos That Accept Bitcoin
A lot of casinos are now saying they accept Bitcoin. But often, this just means that players can deposit bitcoin into an e-wallet, or Paypal, then convert that into the real money currency the casino uses. A small number of Bitcoin casinos, such as FortuneJack, offer deposits, bonuses, direct gameplay and secure withdrawals using a range of cryptocurrencies.
Benefits at Online Casinos That Accept Bitcoin
With low transaction costs and high speeds, there are plenty of advantages in using virtual currency to fund an account at Bitcoin casinos. International transactions can be expensive and difficult. Because virtual currency is widely traded, it’s cheaper and easier.
Bitcoin Security and Anonymity
Many players are finding “know your customer” procedures annoying – cryptocurrencies help mitigate this. They provide greater anonymity, especially when linked to a VPN. But blockchain technology, on which cryptocurrencies are based, is super secure and totally anonymous. Linked to a NeoSurf payment card, or blockchain wallet, it should be bulletproof in terms of identity.
Online Casino Bonuses For Bitcoin Users
Red Dog accepts BTC as a payment option, ramping up their welcome bonus by 20% for coin depositors. BitStarz is an example of an online Bitcoin casino that has embraced Bitcoin games. It offers a step-by-step guide to using BTC, by linking a Coinbase account to a Bitstarz euro account. The Bitcoin casino no deposit bonus is currently hard to find but may become more common as time goes on.
Bitcoin Gambling Legality
The UK Gambling Commission (UKGC) states that any casino that wants to use a virtual currency for deposits, must hold a license.
It’s clear from its website that the UKGC is not comfortable with Bitcoin casino operators whose business model is funded by crypto. That doesn’t apply to individual Bitcoin games. However, some big casinos, such as Bet365, are currently holding back.
Provably Fair Gambling
“Provably fair” is a key concept in the Bitcoin casino games world. Games use an initial seed number to activate the random sequence that underlies the gameplay. Provably fair games, allow a blockchain / BTC user to supply their own seed number to check the outcome. Two of the largest casino game providers are Orbital and Steady Games.
How To Get Bitcoin
The easiest way to buy digital currencies is probably to stick with the established exchanges. Coinbase is an American exchange with 35m users worldwide. They hold an e-money license from the UK Financial Conduct Authority. Sign up as follows:
The sign-up screen displays. Enter name, email address and password.
Click to confirm age – over 18.
Accept the Coinbase statement on GDPR. At the next pop-up box, accept the privacy statement.
Opt-in or out of marketing communications.
Verify your email address by clicking on the link in the email.
Access account, and deposit real money to convert to Bitcoin deposits.
Do All Online Casinos Accept Bitcoin?
Many do, partially. In other words, they now allow customers to link wallets to their casino accounts. However, customers can only play by converting to whatever fiat currency the casino uses - such as euros. The very large casinos are worried about BTC deposits not being in line with "know your customer" rules. That's because it can be more anonymous - which of course, many customers love. A VPN and a crypto-funded account may be a workaround.
FortuneJack is one of the few examples of a Bitcoin casino. You have to fund your account in Bitcoin, Ethereum. Litecoin, Dogecoin, Tron, Monero or Z cash.
FortuneJack also has a "Provably Fair" menu option that supplies games that allow players to check a game's fairness. This can help prevent manipulation of the underlying game's algorithm. FortuneJack is definitely one of the best Bitcoin casinos, and players from the United States are accepted.
BEST CASINO BONUS
How Does Bitcoin Compare With Other Casino Banking Methods?
Obviously, players need to find a casino that accepts Bitcoin deposits as a payment method. As mentioned, while there are ways around this using e-wallets, many casinos will convert the deposit to the one they operate in. That's not so different from conventional banking. The Bitcoin deposits procedure involves a wallet address to wallet address transfer.
However, transfers are usually faster. Fees are lower too, as the deposit goes straight to the casino account without banks standing in the middle, taking fees. And as ever, virtual currencies are safer because blockchain technology makes the transaction hack-proof.
Top Alternatives to Bitcoin
While casinos that accept Bitcoin are growing, there are many alternative payment methods that don't involve it. Many of the best methods are equally convenient. Here are the top providers:
Neteller is the best-known e-wallet for gamblers. Gamblers can deposit using the virtual wallet, then use Neteller to fund their gambling account.
Paysafecard is like online cash. It doesn't link to the user's account and can be bought for cash.
Trustly allows customers to pay directly from their bank account without a card. It uses Paypal and TransferWise.
Other Frequently Used Cryptocurrencies
BTC may be the granddaddy of cryptos, but there are plenty of alternatives out there. Check out our list of alternative digital currencies. Casinos that accept Bitcoin often accept many other types of crypto.
ETH has one of the fastest transaction times. Accepted by Jazz Casino (not UKGC licensed).
ZRX is not your typical digital token as its creators intended its use to be mainly for transfer fees using the Ethereum blockchain, however, it is currently much more than that.
Much smaller user base than other virtual currencies, although it's growing. Litecoin uses newer encryption technology.
How To Use Bitcoin @ Online Casinos
Most of our readers want to use the virtual currency at their favorite online gambling site, to play casino games. We're seeing more hybrid casinos that will transfer money between their accounts and Bitcoin deposit accounts. These casinos accept both coin and conventional money.
Online Casino Bitcoin Deposit
Once you know that the casino accepts coin and virtual currency deposits, click the Sign Up or Register button.
- Enter personal details, supply any verification needed, and set up the account.
- Players will see Bitcoin (or other virtual currencies) listed as a deposit method.
- Select this option.
- A link is displayed. Copy the link.
- Switch to the Bitcoin e-wallet or account.
- Paste in the unique address the casino gave you (this tells the wallet where to send the money).
- Confirm how much the wallet should transfer to the casino. Funds should clear in a few minutes.
Claim Winnings - Bitcoin Withdrawals
- First, go to the casino account page - in some online gaming casinos, this is the Cashier option.
- Select to withdraw using virtual currency as the payment method.
- Type in the amount to be withdrawn.
- Transfer to the e-wallet or crypto account, and get the link that is displayed.
- Go back to the casino account and give them the web address in the link.
- Confirm the withdrawal.
It will take a few hours for the coins to appear, as the casino has to complete its checks before releasing the money.
Look for casinos that have a fully professional customer support. That means 24/7 online chat if possible, with email and phone backup within 24 hours at least. No customer wants to be kept waiting for days because of some kind of technical virtual currency query. It's also useful if the virtual currency questions feature in the Help section, and its FAQs. It means that the casino has incorporated virtual currency coins into its thinking.
How We Rate Online Casino Banking Methods
We rate cryptocurrencies and other virtual currency banking the same way we do traditional methods. How safe is the process, how quickly can you deposit and withdraw? Not only that, what are the limits when you deposit and withdraw? And what level of customer service is available if there's a problem?
Safety and Security
Bitcoin gambling is way ahead of other methods here, due to the security strengths of blockchain technology. That said, the simplest scams are those where the gambling sites are a front for fraud. We check for casino sites that hold a UKGC casino license and highlight those that do not.
Deposit and Withdrawal - Speeds and Limits
Deposit and withdrawal limits are usually comparable to traditional banking methods. Virtual currencies offer much faster transfers than legacy methods. However, when it comes to withdrawals, casino sites have to carry out checks before they can pay. Some do this in hours, others in days. Check our reviews for details.
We rate the customer service of payment methods not just on what they say - but on what they offer. So we check whether they're easy to contact and if there's 24/7 support. Customer service is very much about the culture of the organization, and we take account of players' experiences.
We only assess a casino after extensive research and weighing up its pros and cons. No review site does more to ensure its reviews are fair and consistent. We have players' interests at heart, and we know our readers trust our verdicts because they are up to date and detailed.
Ready to Deposit with Bitcoin And Gamble Online?
PaddyPower, Betfair, Ladbrokes, William Hill and a string of other big-name licensed online casinos, accept Neteller. And since Neteller accepts BTC, voila! PayPal has also announced that it will take Bitcoin, opening up a similar route to the major casinos.
The big-name online gambling houses are beginning to realize that they can safely welcome gamblers who want to fund their account via a virtual currency.
Opt for UKGC licensed casinos if possible. But keep an eye out too, for licensed casinos moving to accept direct cryptocurrency deposits. Virtual currencies are definitely here to stay in the online gaming world.
Using Bitcoin - Not Just for Online Casinos
Bitcoin Casino Payment Method FAQ
Our readers are super interested in gambling with crypto - here are some of the questions they most often ask.
Its value varies as it is traded. At the time of writing, 1 coin is worth approximately £43,600 ($60,000). Not all crypto casinos allow players to withdraw using Bitcoin.
Avoid the ones that aren’t licensed by the UK Gaming Commission, unless you’re prepared to take more risk. Android or iOS Bitcoin casino apps may be more secure for mobile use.
It means that a game’s producer has published information about the game’s underlying algorithm. This allows players to prove whether that it is truly random, and is paying out fairly.
In the UK they are not liable for tax. However, a Bitcoin casino USA player may find different rules apply.
Most casinos are in fact hybrid casinos. Customers can usually make an online payment in major currencies including USD. However, the casino will convert customer funds to its operating currency, if it’s different.
Many slots advertised as being coin-based, are in fact conventional titles. However, there are a number of new provably fair games, and versions of games, that can be played with coins.