Bitcoin (Crypto) Online Casinos Review

What is Bitcoin?

Invented in 2008 by Satoshi Nakamoto (a person or a group of people) and released in 2009 - BitCoin is a revolutionary new decentralized virtual currency, more exactly "Crypto Currency": ( "BTC" / mBTC / MicroBTC / Satoshi ) which operates in a peer-to-peer network without any central authority or banks and allow its consumers to make instant transactions without intermediaries. It is a public and open-source project that anyone can participate in. Bitcoin enables new possibilities that were not possible with any previous payment system, such as fast, global, and low-cost transactions.

Bitcoins and Casino Gambling Online

Online gambling is a popular form of entertainment meaning wagering money on game of chance or skill. However, online gambling laws are complex and often differ from one country; state or province - to another. In some cases, online gambling is prohibited or restricted, while in others it is regulated and taxed. Here you will find a list of the Best Online Casinos that accept Bitcoin transactions.

List of Online Casinos that accept Bitcoin deposits and/or withdrawals

Players from the United States are Accepted

Ozwin Casino

Available Currencies:

USD; Australian Dollars; Bitcoins

New Players Bonus:
$2000/€2000
Bonus Code:
OZWELCOME-C
Playthrough:
30*(d+b)
Min. deposit to qualify:
$20/€20
Welcome Bonus Info:
Ozwin Casino will be happy to offer you this generous 200% sign-up bonus of up to $2000/€2000 on your first transaction starting with $20/€20!
Software:
Spinlogic - RTG
Age Requirements:
18+
Players from the United States are Accepted

Decode Casino

Available Currencies:

USD; Bitcoins; Litecoins

New Players Bonus:
$111
Bonus Code:
DECODE111
Playthrough:
30*(d+b)
Min. deposit to qualify:
$25
Welcome Bonus Info:
All you have to do is, to launch the Decode Casino software, then open a real member account, make a deposit and Decode Casino will credit your account within 111% bonus on your first deposit up to $100!
Software:
Belatra, Bgaming, 1Spin4Win, Mascot Gaming, Yggdrasil, WGS, Platitpus, Felix Gaming, Wazdan, ...
Age Requirements:
18+
Players from the United States are Accepted

Uptown Pokies

Available Currencies:

USD; UK Pounds; Australian Dollars; Bitcoins; Litecoins

New Players Bonus:
$2500/€2500
Bonus Code:
POKIES1
Playthrough:
30*(d+b)
Min. deposit to qualify:
$20/€20
Welcome Bonus Info:
Enjoy playing favourite casino games with an incredible 250% sign-up bonus up to $2500/€2500 on first deposit of $20/€20 or more.
Software:
SpinLogic - RealtimeGaming
Age Requirements:
18+
Players from the United States are Accepted

FairGo Casino

Available Currencies:

USD; Australian Dollars; Bitcoins; Litecoins

New Players Bonus:
$200/€200
Bonus Code:
WELCOME
Playthrough:
30*(d+b)
Min. deposit to qualify:
$20/€20
Welcome Bonus Info:
Yes, you read it right - FairGo Casino will fund your account with 100% up to $200/€200 as part of the sign-up bonus offer for acquisition of casino credits starting with $20/€20 on first deposit!
Software:
RealTime Gaming
Age Requirements:
18+
Players from the United States are Accepted

Ripper Casino

Available Currencies:

USD; Australian Dollars; Bitcoins; Litecoins

Bitcoin Sign-Up Bonus:
0.02 BTC
Coupon Code (BTC):
BTC200
New Players Bonus:
$1500/€1500
Bonus Code:
RIPPER150
Playthrough:
30*(d+b)
Min. deposit to qualify:
$20/€20
Welcome Bonus Info:
All new real casino players may grab 150% deposit bonus of up to $1500/€1500. Just go to the banking section; make your deposit starting with $20/€20 and collect bonus chips.
Software:
SpinLogic, Evoplay, Boongo - BNG games, Arrows Edge, iSoftBet, bGaming, Quickspin, WGS, ...
Age Requirements:
18+
1 2 3 4
Players from the United States are Accepted

How to use Bitcoin Crypto Currency?

To open an account with Bitcoin, one needs to select a Bitcoin-Crypto wallet that suits your needs and preferences. Then, to download and install the wallet software on your device or access it online. After that, to create a password and backup wallet to ensure its security and recovery. Finally, one needs to obtain some Bitcoins (BTC, mBTC) by buying them from an exchange, receiving them from another user or earning them through mining or other activities.

Even if Bitcoin has not a simple algorithm, anyone can use it, without going into technical details. Using of BTC is very easy, just enter Bitcoin address of recipient, click sent and that's all you must do. All information about confirmed transaction will be included in the shared public ledger also named "Blockchain" that can be seen only by the recipient. Any user have a private key which is used to sign and encrypt a transaction. Time between Sent / Received of the same transaction is called "Minning" and may take a few minutes.

Pros and Cons of using Bitcoin Crypto currency at Online Casinos

One of the advantages when using Bitcoin crypto currency at online casinos is that it provides anonymity and privacy. Unlike regular payment methods that require personal and financial information, Bitcoin transactions do not expose the identity of the sender or the receiver. This can protect users from identity theft, fraud and censorship. In contrast, traditional methods of payment such as credit cards or bank transfers can reveal sensitive information about account holders and their transactions to third parties.

Another benefit of using Bitcoin currency at online casinos is that it offers fast and low cost transactions. BTC transactions are checked and recorded by a network of computers called nodes on a public ledger called the blockchain. This means that there is no need for intermediaries or third parties that can delay or charge fees for the transactions. BTC transactions can be done with minimal fees and within minutes. On the other hand, traditional methods of payment such as wire transfers or card payments can take several days to process and may include high fees charged by banks or payment processors.

However, using Bitcoin at online casino sites also has some drawbacks. One of them is the Bitcoin volatility and unpredictability. The value of Bitcoin can change drastically depending on supply and demand, market sentiment, news events and other factors. This can affect the profitability and risk of gambling with BTC. For example, if the value of bitcoin has significantly dropped after a user deposits it at an online casino, they may lose money even before they start playing. Similarly, if the value of bitcoin rises significantly after a player wins at an online casino, they may miss out on potential profits if they withdraw it too late.

Another drawback of using Bitcoins at online casinos is the lack or absence of regulation and consumer protection. Bitcoin crypto-currency is not controlled or supported by any government or central authority. This means that there is no legal recourse or guarantee in case of disputes, frauds, hacks or losses. Users are responsible for their own security and backup of their funds. In comparison, traditional methods of payment such as credit cards or bank accounts are regulated by laws and agencies that protect consumers rights and interests. For instance, if a user's credit card is stolen or used fraudulently, they can dispute the charges and get their money back.

Bitcoin funding and withdrawal methods

To gamble with BTC at online casinos, one needs to deposit and withdraw money using Bitcoin/Crypto wallets. A Bitcoin wallet is a software program that holds the private and public keys that allow Bitcoin/Crypto transactions. There are various kinds of Bitcoin wallets, such as web wallets (e.g., Coinbase), mobile wallets (e.g., Mycelium), desktop wallets (e.g., Electrum), hardware wallets (e.g., Trezor), and paper wallets (e.g., Bitaddress). Each kind has its own pros and cons in terms of security, convenience and accessibility.

Bitcoin transaction fees

Bitcoin transaction fees are the costs that users pay to send and receive BTC. Transaction fee can vary depending on the time and priority of the transaction. For example, if a user wants to send a large amount of Bitcoins quickly, they may have to pay a higher fee than if they send a small amount slowly.

Bitcoin (BTC) Gambling FAQ

Is it legal to deposit in bitcoins to play casino games in the UK?

In the UK, online gambling is legal and regulated by the UKGC - United Kingdom Gambling Commission, which issues licenses to online gambling operators that meet certain standards of fairness, security and consumer protection. Online gamblers can use various payment methods to fund player accounts including credit cards, e-wallets, prepaid cards and many other methods. Bitcoin is legal in the UK as a crypto-asset that can be exchanged for fiat currency or other crypto-assets.

Is it legal to play online casino games using bitcoins in the US?

In the USA, some states have legalized and regulated gambling online within their borders such as New Jersey, Nevada and Pennsylvania. Bitcoin is legal in the USA as a convertible currency with an equivalent value in real currency or one that can act as a substitute for it. However, Bitcoin users must comply with the Bank Secrecy Act and other anti-money laundering and counter-terrorism financing laws. Therefore, online gamblers who use Bitcoins (BTC) must be careful about the legality of their transactions and the reporting requirements they may face.

Is it Bitcoin Online Gambling legal in Canada?

In Canada, online gambling is largely regulated by the provincial governments, which have the authority to license and oversee online gambling operators within their jurisdictions. Bitcoin is legal in Canada as a commodity that can be bought and sold for fiat currency.

Is Bitcoin legal in Australia?

Bitcoin crypto currency is legal in Australia as a property that can be bought and sold for fiat currency or other property.