Best Bitcoin Casinos 2024
By now, you surely have heard of Bitcoin (BTC) and cryptocurrencies. Bitcoin has been around for more than a decade, but it was only in 2017 when Bitcoin’s value skyrocketed and made global headlines that most people became aware of cryptocurrencies. The popularity of crypto and Bitcoin has spawned an entirely new industry and technologies.
The gambling industry has always been at the forefront of innovation, so it is no surprise that these new digital currencies and their technology would be adopted by iGaming companies. One of the key challenges that online gambling sites constantly face is payment processing, having to rely on third parties, and ever-changing regulations. This is where Bitcoin and crypto are taking center stage and which has led to an exponential growth of online casinos that accept Bitcoin payments.
At Gamblica.com , we are here to guide you and provide you with information about this exciting technology and the best Bitcoin casinos. Be sure to check out our in-depth Bitcoin casino reviews and fantastic BTC casino bonuses to get you on the winning track.
What is Bitcoin?
Bitcoin (BTC) is a decentralized digital currency. What this means is that Bitcoin exists in a purely digital form without any physical banknotes or coins. Its decentralized nature means it is not managed or controlled by a single entity like a government, central bank, or business. Traditional fiat currencies like US dollars, euros, British pounds, and others are printed, distributed, and managed by central authorities in their respective countries. Unlike fiat currencies where governments can print more notes when they need to, there is a finite amount of Bitcoin and there will only ever be 21 million BTC in circulation.
What makes Bitcoin and other cryptocurrencies unique is the cryptographic technology that makes them really secure and unable to be counterfeited. The underlying technology of Bitcoin is its blockchain technology, and every transaction that takes place is verified by a network of computers, and the results are stored in the public ledger of the blockchain. The public ledger (database) can be viewed by anyone which provides the highest level of transparency but also pseudo-anonymity as the transactions do not reveal the users or their personal information and only shows Bitcoin wallet addresses. Every transaction that takes place with Bitcoin incurs network fees which are generally much less than traditional bank transfers, however, when the Bitcoin network is very busy, these fees can increase.
It is still early days when it comes to blockchain technologies, but it is rapidly transforming money from the way we know it.
In recent times, more and more casinos have added support for Dogecoin as it is a fast, cheap, and efficient way to deposit, gamble and withdraw funds. Thanks to the low value of buying DOGE compared to BTC & ETH, it is becoming a firm favorite for gamblers.
Bitcoin Casino Games
If you are wondering what games you can play at a Bitcoin Casinos, they are almost identical to their traditional online casino cousins and offer the same games and some unique Bitcoin games. You will have access to thousands of games from all the leading game developers such as NetEnt, Betsoft, Microgaming, Yggdrasil, Pragmatic Play, and many more. Whether you love to play slots or tables games like blackjack, baccarat, craps, roulette, and more, you will find all of these games at the best Bitcoin casinos. You will also be able to enjoy live dealer games from industry leaders like Evolution Gaming.
What does separate a Bitcoin Casino from a regular online casino is that they may offer Bitcoin games. These casino games utilize blockchain technology to power them. While the range of Bitcoin games pales in comparison to that of traditional online casino games, it is growing rapidly and has given rise to what is known as Provably Fair Games.
Provably Fair Games
With legacy casino games, the underlying engine it uses to ensure that a game is fair and not rigged in favour of the casino is a “Random Number Generator” or RNG for short. The RNG makes sure that every round played is completely random and fair, however, if you ever really wanted to confirm this, you would need to get the RNG logs from the casino and audit these.
Provably Fair Games use blockchain technology to ensure randomness and fairness, plus every round played is written to the public ledger and can be viewed in near real-time by the player. This transparency and ease of access to the data is driving player confidence and gives peace of mind that their gaming experience is completely fair.
Bitcoin Casino Deposits
The big question for anyone new to the world of Bitcoin gambling is how you make a Bitcoin Casino deposit. Before we delve into this, you will need a Bitcoin wallet with some BTC in it. We won’t go into the details of wallets, but they are essentially where you store, transfer and receive BTC. BTC can be purchased with fiat currency through centralized crypto exchanges, decentralized exchanges, and peer-to-peer crypto sites. Some crypto casinos also offer their players the option to purchase BTC through their website with a credit or debit card.
Once you have BTC in your wallet, you can then transfer BTC to your preferred Bitcoin Casino. The process is rather simple and very similar across all casinos:
- Log into your casino account and visit the casino cashier.
- Select the deposit BTC option and you will be presented with a send to address and or QR code.
- Open your BTC wallet and choose the option to “transfer” or “send”, then either scan the QR code which will auto-populate the address field or enter it manually. In both cases be sure to double-check that the address is 100% correct. If you send BTC to the wrong address, there is no way to get your funds back.
- Enter the amount you wish to transfer to the casino and “send” or “submit”.
- Within a few minutes, the transaction will be completed and your BTC balance will show in your casino account.
Advantages of Bitcoin Casinos
Decentralized – As mentioned earlier, Bitcoin and other cryptocurrencies are decentralized and not controlled by any central organization which means you are in full control of your money. Being decentralized also means no one can stop, block or control your wallet. Despite the decentralization, governments are trying to implement regulations to protect their citizens from unscrupulous people and companies. Governments also want to ensure they get any taxes due to them, so make sure you understand the legalities in your jurisdiction.
Security – Transacting on the Internet has inherent security flaws, and you have certainly heard of banks and many other organizations being hacked. When it comes to Bitcoin, it is highly secure and so long as you keep your wallet and private key confidential, you can have confidence in the security of Bitcoin. Also, due to the transaction verification process of Bitcoin, the blockchain cannot be altered and transactions cannot be disputed. If you send BTC to a Bitcoin casino address, you can very easily see the transaction in the blockchain.
Reliable – One of the key challenges for online casinos is ensuring the reliability of payment processing. Because traditional payment methods are controlled by centralized organizations and there are constant regulatory changes, many banks and payment processors are becoming picky about gambling transactions. Bitcoin Casinos overcome this issue because there is no third-party processor involved i.e., you send BTC directly to the casino so the days of “transaction declined” messages will eventually be a thing of the past.
Anonymity – Bitcoin is not entirely anonymous and is considered pseudo-anonymous. Because your personal details are not included in a transaction, combined with the decentralized nature, your transactions can remain anonymous. There are even some Bitcoin casinos that don’t even ask for your name when signing up, however, take caution with these casinos as many are not licensed or regulated, so you will have no recourse if they scam you.
Accepted Globally – BTC is BTC, no matter where in the world you are sending funds to. If the Bitcoin casino accepts BTC as payment, its value is whatever the current market value is and cannot be disputed.
Transaction Fees – This is a sensitive issue that can be a pro and a con. Every transaction that takes place with Bitcoin incurs network fees. One of the primary aims of cryptocurrencies is to reduce the costs of moving money around the world compared to the exorbitant fees charged by banks and Swift, who have dominated wire transfers for decades. Bitcoin unfortunately is a double-edged sword in that if the Bitcoin network is not under huge pressure then the fees are low, however when the network is busy, the fees can be quite high. It’s this unpredictability that has led to the creation of many other cryptocurrencies with lower and more predictable fees.
Bitcoin Casino FAQs
How do I choose the best Bitcoin Casino to play at?
The first step in choosing the best Bitcoin Casino to play at is to do some research and learn more about the possible casinos you are considering. While bonuses and promotions might be your first attraction, it is more important to establish who owns the casino, where are they located, what license do they have, and are they legit. The other important factor to consider is their terms and conditions – don’t be in a rush to skip over these. Here at BTCasinos, our detailed casino reviews will give you plenty of insight into whether a casino is worthy of your time and BTC.
Is Bitcoin legal?
Bitcoin and cryptocurrency legality varies from country to country. Very few countries have implemented strict laws or regulations yet, so you should check the legal status in your jurisdiction.
How long do Bitcoin transactions take?
Deposits made to your Bitcoin casino account can take anywhere from a few minutes to reflect up to a few hours depending on how busy the Bitcoin network is. Withdrawals from the casino will depend on how long the casino takes to process the withdrawal, however, all the best Bitcoin casinos generally process withdrawals within a few hours. Once they send the transfer, it is then up to the Bitcoin network, which can vary from a few minutes to a couple of hours.
Are Bitcoin casinos a scam?
Like any online casino or e-commerce site, there are the good, the bad, and the ugly. With that said, it is essential to choose reputable Bitcoin casinos to play at. If you are okay with completing KYC verification, then you should opt for a Bitcoin casino that is licensed and regulated. You should be wary that there are Bitcoin casinos that are set up by scammers, but there are plenty of regular online casinos that are dodgy too. If you’re looking for the best Bitcoin casinos, then check out our reviews.