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Because of the big boom of cryptocurrencies such as Bitcoin, Ethereum, Dogecoin and others, there are now online casinos that accept these digital currencies as a form of payment. These so-called "Bitcoin casinos" or "Cryptocurrency casinos" are interesting not only for people invested in the crypto world, but also for the general population.
Keep reading this article, find out more about Bitcoin casinos and learn how to pick the best one of them to play in.
Here are some of the issues I will address:
Bitcoin is by far the most popular and well-known digital currency, however, there is a huge number of them on the market (over 1,000 at the moment). Bitcoin isn’t the only cryptocurrency accepted by online casinos.
The list of accepted crypto currencies varies from casino to casino. Some of them don’t accept any cryptocurrencies, some accept only Bitcoin, but there is a number of gambling sites at which you can play with various different currencies.
Here is the list of the most widely-used cryptocurrencies for gambling:
No matter which of these you want to gamble with, you should be able to find a crypto casino that allows you to do so. Before registering, make sure the casino accepts the currency you want to play with.
Besides cryptocurrencies, Bitcoin casinos generally support regular payment methods you might know from classic online casinos. However, there are also casinos that function solely on crypto currencies, with no other payment methods supported.
Most crypto casinos accept Bitcoins, however, those might not be the best option for gambling. BTC has extremely high transaction fees, which makes it inferior to other cryptocurrencies, although it’s arguably still the most popular one. That being said, some cryptocurrency casinos will take care of the transaction fees for you and add them to your balance.
In many ways, Bitcoin casinos are not much different from other online casinos. The main difference and benefit in terms of cryptocurrencies lays in the fact that Bitcoin or other cryptocurrencies are accepted as a form of payment.
This is good for the crypto currency world in general, as well. The more ways people can actually use their cryptocurrencies, the better off will the market be.
Besides from having cryptocurrencies as a payment method, Bitcoin casinos might have some added qualities or features regular casinos don’t. One of them is the possibility of reaching total anonymity.
Regular payment methods used by "normal" casinos are always connected to a specific person that can be easily identified. Cryptocurrencies are different in this manner, which is why they can enable creation of anonymous casinos, although their number and features are still limited by regulations.
There is also a slight disadvantage of crypto casinos when compared to most online casinos. Their bonus offers tend to be more limited, which may and may not discourage you from giving them a try. That said, some crypto casinos do have interesting offers, including no deposit bonuses. To find these, browse through individual casinos in this list or open our list of no deposit welcome bonuses for 2020 and use the "Currency" filter to only display casinos in which you can play in your preferred cryptocurrency. Wizardofodds.com also has a list of bonuses from casinos which accept Bitcoin in their Bitcoin gambling guide.
When it comes to the game selection, cryptocurrency casinos are not that different from regular casinos. The number and types of games offered by Bitcoin casinos, of course, differs from casino to casino.
Generally, you can use your Bitcoins and other virtual coins to play all of the popular game types, such as:
The game selection is different at each casino, so it might make sense to check the list of available games at a casino before you sign up, to make sure you will be able to play your favorite games. You can also check out our list of free casino games to play for free and try them out before playing for real money.
Our online casino review process is thorough and unbiased, which remains true also for the Bitcoin casinos. In fact, the entire review process is pretty much the same across all casinos. You can read more about it here.
To put it shortly, the two main factors are these:
There are, of course, other factors that come into play, but these are generally the most important ones. To find out more about our review process, read the article linked above or our fair gambling codex.
This is one question about cryptocurrency casinos that’s not that easy to answer, because it doesn’t have a clear and universal answer. Different online Bitcoin casinos deal with this issue diversely.
Here are some examples:
These are just three examples. Each casino deals with this in a specific way, so make sure to do the research and find out how BTC deposit and withdrawals are handled before choosing the best casino to play in. This information is not always listed on the website, but you should get to them by contacting the casino’s customer support.