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Bitcoin Casino Review

The online gambling business has adopted a new form of payment that involves the use of digital currency. At the forefront of this venture is Bitcoin, which is an invention of Satoshi Nakamoto. Even though not much is known about the inventor, his invention has grown to become among the most talked topics in the financial sector today. When this currency was first introduced, one BTC was going for just over one dollar. However, with time, it grew to become a massive hit in numerous industries, the casino business included. Today, one Bitcoin could go for well over ten thousand dollars.

Advantages of Using Bitcoin

Among the main reasons why most people have shifted their interests to this cryptocurrency is the lack of intermediaries handling transactions. When using the regular money, the transfers from one’s account to the casino account are conducted through an entity such as banks or credit and debit card companies. BTC eliminates these channels, leaving the gambler in charge of taking care of all their transactions; this means that one acts as their own bank.

No fees come with the use of BTC. Since the BTC holder is the one controlling how transactions are conducted and the currency does not have to use the services of any other entity, the transfers are free of any charges.

In addition to that, transactions are processed immediately. When using ordinary currencies, there is a waiting period that is incurred in all of them. Even with the fastest methods, eWallets such as Skrill and Neteller, one would have to wait between two and 48 hours for withdrawal transaction to be complete. Banks and checks, on the other hand, could take as much as ten days for the amount to appear in the player’s bank account. With BTC, however, both deposits and withdrawals are immediate. Therefore, one does not have to worry about waiting too long to get their money.

Since BTC is stored in a wallet that only the owner has access to, it can be impossible for financial theft to occur. The various wallets used to store Bitcoin include hardware wallets, soft wallets, and hot wallets. Hot wallets are those that are stored on a physical flash drive, which means that it cannot be accessed online. The same case applies to the soft wallets, which are stored in a computer file but have no connection to the wide web. Hot wallets, on the other hand, exist on the online platform. However, each comes with a specific code that is only known to the owner and cannot be traced even when a gambler sends money from them to the casino.

Additionally, Bitcoin is not subject to inflation. With normal currencies, there isn’t a set amount of how much is to be produced, which means they will forever be in production. In the case that there is too much flowing in the market, the currency becomes inflated and loses its value. BTC, however, is finite in its production. The inventor of this cryptocurrency ensured that only twenty-one million BTC could be produced, after which the mining machine would come to a halt. This means that there can never be too much BTC on the market to overpower its value. Considering the rate at which BTC is mined, the stated limit will be achieved by the year 2100.

BTC Acquisition

When one wants to use to BTC to gamble in casinos, they first have to get their hands on some Bitcoins. There are various ways of acquiring this currency. The most common way is by receiving it as a mode of payment. Since most industries have incorporated it as a mode of payment, one can receive it as an exchange for goods and services.

Another way is by buying the currency. There are various sites on the online platform that specialize in the sale of cryptocurrency. Some of them include:

  • SpectroCoin

  • LocalBitcoin

  • Kraken

  • Coinbase

  • Indacoin

The price of BTC will vary depending on how well the market is doing. Sometimes it could be as high as twenty thousand dollars for one BTC while others it could drop to ten thousand dollars. It is best that one stays on top of the market rates to ensure they do not pass up an opportunity to buy the BTC at a fair price. When purchasing from online sites, one should be careful not to fall victim to dubious activities that could leave them high and dry.

One can also acquire BTC by mining the currency. This is the most complicated of all acquisition methods, which is the reason why it is the least popular. The Bitcoin mining process requires many intricate programs that require certain expertise to run. Therefore, it is best left to professionals. Additionally, it could take some time before one BTC can be fully mined. Therefore, if one does not have the patience for it, they can opt for the first two methods.

Conducting Transactions in Bitcoin Casinos

Contrary to popular belief, the process of transacting this cryptocurrency from their wallets to their casino accounts and vice versa is quite easy. Before proceeding with transactions, one should first create a BTC account to make transactions easier. One can go about this by:

  • Visit one of the popular BTC sale websites and purchase e-wallets. One should look at the various sets of advantages and disadvantages that come with each option so that they can best decide the one that will suit them.

  • Once that is done, one can proceed to put their BTC in the account once it has been acquired through one of the methods touched on above.

  • The gambler can then proceed to look for a casino of their choice that accepts Bitcoin as a mode of payment.

Making deposits with BTC is as straightforward as when using real money. The deposit procedure is as follows:

  • Open the cashier option and select deposit. This option can be availed on the casino homepage or in the My Account section depending on the gambling destination.

  • Select BTC as your preferred form of currency. If the casino is purely a Bitcoin casino, this step will not be necessary. However, one should select the BTC if there are other cryptocurrencies available. This is with the fact that most BTC casinos have been incorporating the provision of altcoin cryptocurrency services to users in recent times.

  • Choose the transaction mode to transfer funds to the playing account. Some casinos will have already set the method to either sending the cash directly from one’s wallet to the casino or through the use of QR code that has to be scanned by the gaming site. Other gambling establishments, however, let the gamer decide which one works best for them.

  • The gambler will be redirected to another page where they will have to enter the amount they wish to transfer and their BTC wallet address.

  • A confirmation message will be sent to their wallet, which they will have to confirm before any transaction is authorized.

  • The player may be required to provide some verification information to the casino depending on how the gaming site operates.

  • Once that is done, one will have to wait for the transaction to be processed and confirmed. This usually only takes seconds, after which the amount reflects in the gambler’s casino account and can be used to play.

The process of withdrawals is as easy as that of depositing. All that is needed is to:

  • Open the cashier option and select withdrawals this time around.

  • Select BTC as the preferred currency.

  • Choose whether to use direct transfer or a QR code. The method to be used here can be selected for you by the casino.

  • Enter the amount to be taken out of the casino account once the redirect page pops up.

  • Enter any requested verification details and wait for the transaction to be processed. The time it will take for the money to reflect in one’s Bitcoin wallet will depend on the transaction method used; this could lie anywhere between a few minutes to a couple of hours. Even so, it is much more convenient than waiting for days as is the case with most cash transactions

Availability on Mobile Devices

Even with the ease of transactions that comes with using Bitcoin casinos, the accessibility of these services on the mobile platform is still a huge determining factor on how successful they will be. For this reason, most BTC casinos have made themselves available on mobile devices run by popular operating systems such as iOS, Android, Linux, Windows, and Blackberry. Their services can be accessed in either download or no download, or even both.

As for BTC wallets, soft wallets and hot wallets will have no problem being accessed through mobile gadgets. Hard wallets, however, are mostly stored on flash drives, which are only compatible with desktop computers. However, with the recent rise in the use of memory cards that can easily fit in mobile devices, some hard wallets have been developed that can be stored in mobile gadgets.

Bitcoin Casino Games

Bitcoin casino reviews the games offered in BTC gambling destinations are no different from those offered in regular casinos. With the rise in popularity of the use of cryptocurrency, most online gaming software developers have joined the bandwagon of moving with the change in technological advancements. This has allowed the inclusion of BTC wagers in the games that they offer. Some of these software developers include Microgaming, Net Entertainment, Amaya Gaming, NextGen Gaming, Amatic Industries, Williams Interactive, and International Game Technologies. Some online game developers such as Endorphina have also risen that specifically deal with the production of BTC games.

The games provided come in various popular sets such as:

  • Slots

Slot machine games are undeniably the most popular of all casino games in both the online and offline gaming platform. Therefore, it is not surprising that it would be included as one of the first game categories in BTC provisions. Just like in regular casinos, these games are provided in numerous variations such as three reeled slots, progressive jackpot slots, 3D slots, and video slots. Some of the most enjoyed slots in Bitcoin casinos include Book of Pyramids, Aztec Magic, Hall of Gods, A Night with Cleo, Arabian Nights, and Princess of Sky. The bonuses featured in these slots are similar to those in regular casinos.

  • Table games

These games are quite renowned amongst gamblers who like to employ some skill to take home some winnings. Some of the popular variations include blackjack, roulette, poker, video poker, baccarat, keno, red dog, and many more.

  • Live dealer games

Live casino is another latest trend that has been making waves in the online gaming scene. Bitcoin casinos that provide this option have made it possible for a wager to be placed using BTC. That way, one can enjoy the experience of a real-life casino in the comfort of their preferred location without being limited to using only regular cash.

Popular Bitcoin Casinos

On the online platform, Bitcoin casinos exist in two forms. The first category includes casinos that are specifically developed for the use of cryptocurrencies; this means they can include Bitcoin as their only currency option or list other cryptocurrency options such as altcoin. The second category is of casinos that simply incorporated BTC in their list of cashier options. Most casinos in the latter category convert the BTC to a regular currency like euros or pounds and then change it back to Bitcoin once withdrawals are requested. The Bitcoin casinos that have managed to top popularity lists on the regular include:

  • All British Casino

  • Mbit Casino

  • BetAt Casino

  • William Hill Casino

  • Ignition Casino

  • Bovada Casino

  • Slotty Vegas Casino

  • Red Star Casino

  • Argo Casino

  • NetBet Casino, etc.

Bitcoin casinos come with the same thrilling experience of regular casinos, only that the currency is quite different. This is with the inclusion of various bonuses and promotions. The offers made will depend on the casino one chooses to visit.

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