Bitcoin Casinos: Online Casinos That Accept Bitcoin
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With the increasing popularity of cryptocurrency, bitcoin became ideal for a number of financial transactions, including online casino deposits and withdrawals. Such transactions pass quickly and also guarantee anonymity, which is very convenient for many players.
Why online casinos that accept Bitcoin are so popular? In the case of using electronic payment systems like bank cards or eWallets, your money instantly appears on your gambling account but as a rule, withdrawal may take between 1-5 working days.
For most players, such long withdrawal waiting time can be very frustrating especially if there are large amounts involved and they come regularly. Bitcoin casinos eliminate this disadvantage and allow you to have full control over your money and in full anonymity. Bitcoin-only online casinos will only ask for your email address but will not ask for any personal information, such as name and your home address. Your email is only needed to recover your forgotten password.
This Article Contains the Following Topics:
Best Bitcoin Casinos UK
Due to the fact that the UK takes the gambling business very seriously many thousands of players from around the world prefer to visit UK online casinos or in the other words - online casinos that are licenced by the UKGC.
Below you will find some of the most popular online casinos that accept Bitcoin as a payment method in the UK.
Hybrid Online Casinos
The hybrid online casinos are online casinos that accept deposits using cryptocurrency and also a fiat currency of your choice. These casinos also provide withdrawal of funds back to your cryptocurrency account or wallet.
Compared to online casino sites that accept Bitcoin only, hybrid casinos will ask for your name and address to verify identity. In order to go through your casino account verification process, you will need to send a copy of your ID, bank statement, utility bill or any government-issued document that shows your address.
What Is Bitcoin All About?
Bitcoin is a cryptocurrency or a digital currency that belongs to a peer-to-peer electronic cash system that can be used for payments on the internet or trade on specialized exchanges.
Bitcoin is a peer-to-peer system that operates with the same digital currency. This system is not subject to anyone and is completely autonomous. Protection of the peering system is carried out by Proof-of-work.
Bitcoin is neither attached to any asset or a specific currency and since no one manages it, its liquidity is determined by the demand of users.
Bitcoin is beyond anyone's control!
Very useful information about Bitcoin you can find at blockgeeks.com
Bitcoin for Online Gambling
Bitcoin is one of the most recognizable, fast-growing and widespread electronic currencies today. For this reason, it's not surprising that Bitcoin is also used by many fans of online gambling around the world to deposit and play their favourite games online.
Bitcoin has a legal position in many countries so players have fewer concerns in regards to where they can play. Bitcoin casinos accept players from any country, even if that country has laws restricting gambling online. However, the legality of Bitcoin doesn't negate the need to be cautious about choosing your online casino site.
To begin with, you must read and understand all the rules of a Bitcoin casino site. This is a very important step that shouldn't be overlooked.
Bitcoin Live Casino Games
Over the past few years playing live casino games for Bitcoins has become very popular. And this is due to the fact that Live casino games allow players to immerse into the atmosphere of an offline casino being at home.
The system of calculations is built so you don't have to constantly keep in mind the rate of conversion and estimate the size of your bets and winnings.
Becoming a customer of one of the Bitcoin casinos that are listed on our site you will have an opportunity to play the most popular live dealer games including:
Three Card Poker
Ultimate Texas Hold'em
Dream Catcher (The Money Wheel)
Similar to other online casino games, roulette for Bitcoin can be played for a variety of real money wagers. Most of the popular bitcoin casinos will offer both minimum and maximum bets. The bets usually start at 5 bits which is roughly €0.25.
Many players prefer to play Bitcoin slots for the following reasons:
the lack of specialized knowledge
no skills needed
no dependence on the result
a one-on-one game
RTP of up to 98%
In addition, unlike land-based casinos, Bitcoin casinos hold special promotions to reward existing and new customers! If you have an account but have not played for a long time, you may receive an email informing you about the reward! Usually, it may be a small amount of BTC or extra spins on slots machines.
Blackjack for Bitcoins is a second most popular casino game after slots! The dealer distributes two cards to himself and the player. The winner is the one whose cards are closer or equal to 21 points. The game is interesting and easy to play!
Becoming a player in one of our recommended Bitcoin casinos, you will find a wide selection of Blackjack games with different supported bet amounts. Some of these tables are available at a minimum of 5 mBTC per hand and others will suit high rollers.
The rules of Bitcoin Blackjack are traditional. A dealer will not draw more cards if he/she has received 17 or more. But if the sum is 17 points or less then the dealer will draw another card.
You will also be offered insurance if the dealer has a chance to receive 21 points.
Bitcoin Welcome Bonus
The Bitcoin welcome bonus is a certain amount of bitcoins that will be added to your account after a first deposit. In other words, this is a unique offer for new players who never deposited in a specific casino yet.
Keep in mind that a player can receive this type of bonus only once!
Sometimes, some of the best bitcoin casinos offer bonuses for the second and third deposit but in the size, these bonuses are smaller than the very first one.
Bitcoin Casino With No Deposit Bonus
Visiting Bitstarz casino (award-winning Bitcoin casino) all new players will receive no deposit bonus in the form of 20 no deposit free spins! The free spins will be credited immediately after signing up. The maximum winnings that can be cashed out using free spins cannot exceed $100. In case the no deposit bonus hasn't been activated automatically, try activating it manually in the section of bonuses in your account.
The Main Advantages Of Using Bitcoin For Gambling
There are two main advantages of using Bitcoin for online gambling. Among the advantages are:
The freedom of gambling. Due to the decentralized nature of Bitcoin, it legally allows gambling wherever there is Internet access. In addition, bitcoin is the only opportunity to gamble for players in whose countries gambling is banned.
Anonymity. The Bitcoin-only online casinos provide with the opportunity to stay completely anonymous. This means that players can deposit and withdrawal funds without revealing their identity.
Best Bitcoin Wallets For Online Gambling
The maximum level of convenience you will find by using GreenAddress. This is an open-source wallet that allows to store, send and receive bitcoin. It's free to install and there are no fees attached to its service.
Below we listed a top choice of BTC wallets that don't restrict transactions that come from online gambling sites.
Gambling friendly Bitcoin wallets:
Blockchain.info (web wallet)
Electrum (desktop wallet)
Mycelium (android wallet)
Bread Wallet (the most popular for iPhone users)
Gambling restricted Bitcoin wallets:
Bitcoin Wallet With Additional Security and Anonymity
For those who value confidentiality above all, some wallets have added additional anonymity features. Some people use the TOR network, while others prefer Bitcoin mixers such as Coinjoin.
The most popular solution for users of the TOR network is Electrum wallet. Electrum has a large number of settings and offers convincing functionality in the field of anonymity while storing the data offline.
In addition, Electrum wallet is the best choice for those who have large stocks of Bitcoins. Using this wallet is one of the most popular ways to be protected from malicious programs and hackers.
For maximum security, you must follow all instructions and use the Tails bootable disk when working with your wallet.
Best Hardware Bitcoin Wallets
The best hardware wallets such as Trezor, Keepkey or Ledger Nano provide convenient and safe access to bitcoins with a high degree of protection since private keys are stored only in the memory of the wallet.
Bitcoin wallets with a high degree of protection are ideal for obtaining and storing bitcoins. As soon as bitcoins are added to the wallet, a part of them can be transferred to any other place. While the main amount will be safely "hidden" in the hardware.
Use of such wallets can cost $50-100.
Where to Buy Bitcoins With Paypal or Bank Card?
The preferred option for many online casino players is a service called Coinbase. This service allows buying Bitcoin Cash, Ethereum, Litecoin and Bitcoin by using Paypal, bank transfer or credit and debit cards.
But keep in mind that in this case, your purchase will not be anonymous! If you want to buy Bitcoin anonymously, you can use the Localbitcoins service.
The Speed of Bitcoin Transactions
The transaction in the crypto-currency network is the transfer of information to the block and their recording in special blocks (elements of the chain). The block consists of thousands of operations waiting to be confirmed by the system. The creation of such a node takes about 10 minutes.
This is how it works in practice:
John transfers Bitcoin to Adam
the operations are sent to Blockchain
they are formed into blocks with the individual number and hash of the past element
blocks are sent to the participants of the cryptosystem for confirmation
a new element is fixed in the existing database and the block itself is added to the chain
the transaction is completed
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