Bitcoin Casinos: Best Online Casinos That Accept Bitcoin in 2020
Read time: 10.44 min.
With the increasing popularity of cryptocurrency, Bitcoin became an ideal option for online casino deposits and withdrawals. Its transactions pass quickly and also guarantee anonymity, which is very convenient for many users.
What makes online casinos that accept Bitcoin popular? In case of using traditional electronic payment methods like bank cards or eWallets, your funds instantly appear on your gambling account. Still, withdrawals may take up to 5 working days.
For the most online gambling enthusiasts, such long waiting time can be very frustrating, especially if there are large amounts involved and they come regularly. Bitcoin casinos eliminate this disadvantage allowing you to have full control over your funds and in complete anonymity. Bitcoin-only online casinos will only ask for your email address but will not ask for any of your personal information, such as name or home address. Your email address is only needed to recover your forgotten password.
Top 3 Best Online Casinos for Gambling Using Bitcoin Deposits
Below you will find our top 3 favourite Bitcoin casinos that offer exceptional game selections, responsive customer support and fast withdrawals.
The Best Bitcoin Casinos in the UK
Since the UK takes its gambling business very seriously, many thousands of players from around the world prefer to visit UK online casinos and try their luck there. UK online casinos are those that are licenced by the United Kingdom Gambling Commission.
Below you will find some of the most popular ones that accept Bitcoin as a payment method in the UK.
A Simple Explanation of What is Bitcoin and How BTC Works
Bitcoin (₿) is a cryptocurrency that belongs to a peer-to-peer electronic cash system which is not attached to any asset or a specific currency
The peer-to-peer network operates with the same digital currency, and it's not subject to anyone and is completely autonomous. Protection of the peering system is carried out by Proof-of-work
Bitcoin is used for online payments or trade on specialized exchanges (Coinbase, Kraken, Bitstamp, Coinmama)
In fact, Bitcoin is an ordinary computer program which is not located on a single computer or server, but on millions of computers that communicate directly with each other through this program.
Let's take Torrents as an example, you install the program, and many others do the same. Once the installation is completed, you can transfer files directly to each other, without the participation of any servers, and with (almost) no control.
The Bitcoin system works pretty much the same way with the only difference that the task of this program is not to transfer files between users, but virtual coins.
Useful information, in detail, about Bitcoin you can find at blockgeeks.com.
Bitcoin Casino Welcome Bonus
The Bitcoin welcome bonus is a certain amount of Bitcoins that get added to your account after the 1st deposit. This is a unique offer for new players who never deposited in an online casino yet. The best Bitcoin casinos offer bonuses for 2nd and 3rd deposits.
Keep in mind that the welcome bonus can be claimed only once!
Bitcoin Casinos That Offer No Deposit Bonus or Free Spins on Slots
At Bitstarz Casino, all new players are eligible for no deposit bonus in the form of 20 no deposit free spins which are credited immediately after signing up. The maximum winnings that can be cashed out using these free spins cannot exceed 100 EUR. In case the no deposit bonus hasn't been activated automatically, you can try activating it manually in the section of rewards in your account.
Unlike land-based casinos, Bitcoin casinos hold special promotions to reward existing and new customers. If you have an account but have not played there for a long time, you may receive an email informing you about the reward. Usually, it may be a small amount of Bitcoin or free spins on slots.
Available Games at Bitcoin Casinos
Becoming a customer at any of the Bitcoin casinos above, you will have an opportunity to play online slots, table games and the most popular live dealer games in HD quality. These games include live Roulette, Blackjack, Baccarat, Casino Hold'em, Three Card Poker, Caribbean Stud, Ultimate Texas Hold'em, Football Studio and Dream Catcher (The Money Wheel) for Bitcoins.
Winnings get calculated automatically, so you don't have to keep an eye on conversion rates over and over again.
Below you will find more information regarding popular Bitcoin games.
Blackjack is the second most-played casino game with Bitcoins after online slots. The dealer distributes two cards to each player, and a winner is the one whose card value is closer or equal to 21 points. The game is exciting and easy to play! At our recommended Bitcoin casinos, you will find a wide selection of Blackjack tables supporting different amounts of bets. Some of these tables are available at a minimum of 5 mBTC per hand and others will suit high rollers. The rules of Blackjack in Bitcoins are traditional. Dealers don't draw more cards if they receive 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.
Similar to other online casino games, Roulette with Bitcoins 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 (0.25 EUR).
The game's simplicity makes Bitcoin Baccarat especially attractive for beginners. Depending on the type of Baccarat, there are a few the most used betting options, which include betting on the banker's hand, player's hand and the Tie.
Betting on the banker's hand is the best bet in Baccarat with the house edge of 1.06%. Professionals recommend betting on the banker until it loses.
The second best bet you can use is the player's hand with the house edge of 1.24%. In this case, the casino advantage is slightly higher.
Placing bets on the Tie is the worst bet with the house advantage of 14.4%.
How to Get Started?
To begin, you must choose the best Bitcoin wallet for online gambling. The maximum level of convenience you will find by using GreenAddress.it. It's free to install, and there are no fees attached to its service.
GreenAddress.it is a hot wallet, a wallet that is connected to the internet, that supports the storage of Bitcoin through applications provided for Windows, MAC, Linux, iOS and Android.
Transactions are protected by double signatures, which means the user is responsible for the first signature, and the second one is automatically generated on the server. The GreenAddress wallet also uses the nLockTime transaction parameter, which automatically allows setting the time for execution or can be used as a recovery tool.
Below we listed a top choice of Bitcoin wallets that don't restrict transactions linked to online gambling sites along with wallets that say NO to gambling.
Gambling friendly wallets:
Blockchain.info (web wallet)
Blockstream Green (available on both Android and iOS)
Electrum (desktop wallet)
Mycelium (the best for Android)
EDGE (formerly Airbitz)
Gambling restricted wallets:
If you value your privacy above all, then you may consider the following wallet options below.
Bitcoin Wallets With Additional Security and Anonymity
For additional confidentiality, some people use the TOR network, while others prefer Bitcoin mixers like Coinjoin.
The most popular solution for TOR users is Electrum. The wallet has a large number of settings and offers convincing functionality while storing the data offline. Using this wallet is one of the best ways to be protected from malicious programs and hackers.
Also, Electrum wallet is the best choice for those who have large stocks of Bitcoins.
For maximum security, you must follow all instructions and use the Tails bootable disk when working with the wallet.
Hardware Bitcoin Wallets
The Ledger Nano S hardware wallet is worldwide considered the industry leader. It supports a large number of cryptocurrencies and comes with pre-installed applications for Bitcoin and offers two-factor authentication in the FIDO U2F format.
Ledger Nano S costs around 60-70 Euros and can run from 5 to 18 programs at the same time. However, they can be removed or replaced, or new applications added via Ledger Manager.
Even if the device Manager has been deleted, the secret keys to the crypto assets remain intact. You can restore access to them by reinstalling the Manager. Your secret keys are generated during the initialization process and stored in a special chip. Ledger is not able to copy them, and they are not visible from the computer. Even if your computer is controlled by hackers, they will never be able to access the contents of the chip.
A quote from the Ledger Nano website: "If you don't want to get hacked, get a Ledger wallet".
Bitcoin Related Frequently Asked Questions
Get your questions answered!
What Is The Best, Quickest and Easiest Way to Buy Bitcoins?
The preferred option for many online casino players is a cryptocurrency exchange called Coinbase. This service allows buying Bitcoin Cash, Ethereum, Litecoin, Bitcoin along with many other cryptos by using Paypal, bank transfer, credit or debit cards.
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.
Is Gambling With Bitcoin Legal?
Bitcoin is one of the most recognizable, fast-growing and widespread electronic currencies today. For this reason, it's not surprising that it becomes popular among fans of online gambling around the world.
In 2020 Bitcoin has a legal position in many countries, so players have fewer concerns in regards to where they can play.
Here is a list of the most Bitcoin-friendly countries:
The United Kingdom
However, the best online gambling providers, such as Casumo or Betsson, currently do not accept Bitcoin. Still, it would be surprising if they did not consider the possibility of introducing it as a payment option in the future.
What are the Benefits Of Using Bitcoin For Gambling?
There are two main benefits of using Bitcoin for online gambling:
The freedom of gambling online
Due to the decentralized nature of Bitcoin, it allows gambling wherever there is Internet access. Also, Bitcoin is the best option to gamble online for players in whose countries gambling is banned.
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.
What is a Hybrid Online Casino?
Hybrid online casinos are online casinos that accept both real money deposits and cryptocurrency. These casinos also provide withdrawal of funds back to your cryptocurrency wallet.
Compared to online casinos that accept Bitcoin only, hybrid casinos will ask for your name and address to verify identity. 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.
Other Popular Payment Methods: PayPal
PayPal, a convenient payment option, can be used to pay for online casino services. The merits of the payment provider include its extreme prevalence in online casinos, high level of reliability, excellent speed and convenience of deposit and withdrawal your funds. More about Paypal casinos...