Top 10 Bitcoin Online Casinos
At CasinoTop, we’ve done all the groundwork to find the best Bitcoin online casinos on the market. Bitcoin has become one of the most famous cryptocurrencies in the world and there are also many benefits using this cryptocurrency when playing at online casinos. Bitcoin is anonymous, not affiliated to any bank or financial institution, is secure and players have access to Bitcoin-specific casino bonuses and promotions at their fingertips. In this detailed guide, we cover everything there is to know about playing with Bitcoin at online casinos, including why Bitcoin is one of the most popular cryptocurrencies worldwide.
Blacklisted Bitcoin Online Casinos
We’re very strict with our vetting process. We only feature Bitcoin casinos that have proven themselves safe, secure, trustworthy, and reliable. We follow an uncompromising testing process to ensure the most comprehensive review possible. We want our readers to experience only the best of what online gaming has to offer. The steps in our process include testing factors like games, deposit and withdrawal speeds, wagering requirements, licenses, security, bonuses and promotions, and much more. If an online gaming site fails any of these steps, they’re added to our list of blacklisted casinos. These are sites that should be avoided at all costs.
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Introduction to Bitcoin
Cryptocurrencies are fairly new concepts and Bitcoin has certainly put them on the map and in the mainstream. As a cryptocurrency, Bitcoin does not rely on banks or physical cash. It is a decentralized virtual currency used online by millions of businesses and individuals across the globe. Using Bitcoin means faster processing times, lower fees, and no unnecessary involvement from banks or investment companies.
One of the most advantageous reasons for using Bitcoin is the anonymity of the experience. Users remain private, which means your identity is protected while you can transact anonymously. No bank details or personal information are required to make deposits and withdrawals. These days, hundreds of online casinos that accept Bitcoin as a cryptocurrency have now become more mainstream than ever before. In fact, Bitcoin set the groundwork for cryptocurrencies like Ethereum and Litecoin to make an impact in the industry as well.
How to Set Up a Bitcoin Casino Account
Bitcoin is an easy-to-use online payment that can be used via desktop or mobile device. That said, you will need to set up your casino account and have some of the currency before you can make a Bitcoin deposit. To do that, follow these steps:
Making a Deposit Using Bitcoin
Once you’ve bought some Bitcoins, you can now deposit them into an online casino by following the steps below:
Making a Withdrawal Using Bitcoin
Withdrawals, like deposits, are straightforward. We’ve outlined the steps below to make things easier:
1. Visit the casino cashier section
Find the cashier or bank option at the online casino.
2. Select Bitcoin
Select Bitcoin as your preferred payment method.
3. Enter the amount
Enter the amount you want to withdraw from your casino account.
4. Generate the Bitcoin wallet address
Go to your Bitcoin wallet and copy the wallet address provided.
5. Verify Your Details
Double-check that all information is correct and meets the casino’s withdrawal requirements.
6. Complete the Withdrawal
Click withdrawal and your Bitcoins will be available within a few hours once your request is processed.
Pros and cons using Bitcoin
Safety and Security
Bitcoin has a solid reputation for being one of the safest payment methods in the world. This is largely based on the anonymity of using this cryptocurrency, so there’s no need to disclose any personal information or data to make deposits and withdrawals online. This significantly limits someone’s ability to exploit anyone’s data for their own nefarious purposes. All transactions are digital and highly encrypted, with several rounds of verifications needed before any transaction is approved. This makes all Bitcoin casino transactions untraceable and 100% secure, perfect for real-money gambling at online casinos.
Additionally, if you keep any Bitcoin earnings in your wallet, they will not be taxed. Bitcoin is decentralized, meaning that there is no authority taxing the cryptocurrency, which is another benefit for many users. In 2013, Bitcoin was recognized as a top innovation and awarded TechCrunch’s Best Technology Achievement Award.
Even with its disadvantages, the advantages outweigh the risk of using Bitcoin. It is a great way to transact online, given its security and the anonymity it provides to the user. In a world that is constantly moving toward making things more convenient by making online resources available, Bitcoin checks all the online boxes. Especially when it comes to gambling online at a reputable online casino.
Most Common Cryptocurrencies at Online Casinos
Many of the best online casinos accept a wide number of different cryptocurrencies thanks to the impact Bitcoin has made on the market. While many cryptocurrencies work in similar ways and provide similar advantages, they each have very distinct features that separate them from each other. Here are some of the most popular coin types accepted at online casinos:
Bitcoin Is All About Privacy
Anonymity is rare on the internet, but Bitcoin has certainly changed that. It is one of the best ways to stay anonymous online. Your personal information and transactions are kept private at all times, which is a huge benefit to online players. Here are some ways to ensure your privacy is protected at all times:
Similar Banking Options
These are completely anonymous prepaid vouchers that require a 16-digit code to move funds.
Visa is one of the most popular banking methods in the world. It is a trusted provider with top security measures, instant deposits, and more.
eChecks are great options for those looking for safety. While you are required to share your banking information, all transactions are verified and there are no fees involved.
How We Rate Bitcoin Casinos
Background, reputation, and safety
When it comes to safety, we take things seriously. We follow a strict vetting process to ensure that all recommended Bitcoin casinos meet our standards of safety, security, and fairness. We check that the casinos feature authority licenses and regulations from recognized governing bodies. We also make sure that there is no concerning evidence of unreliable or untrustworthy business practices to ensure a fair gaming experience for all.
Depositing funds and customer support
We check the process of depositing funds to the online casino. This needs to be a smooth and streamlined process that anyone can follow. Speed, ease, and security are on top of our agenda. We also check to make sure that there is an extra layer of protection with encryption technology and that customers can reach out to support agents easily should the need arise.
Playing games and cashing out
It’s vital that players have complete control over their funds. Players should not be waiting weeks to receive their winnings from online casinos. We test the withdrawal process to ensure that funds are paid out in a reasonable time. Bitcoin typically offers faster transactions without any costs, so we check for this at an online casino as well.
Once we’re happy with all the above-mentioned factors and have taken everything into account, we feature several of our top-rated Bitcoin casinos to help players make the best decisions online. We also make sure to recheck our recommended casinos regularly to ensure they continue to meet our criteria and support Bitcoin as a deposit and withdrawal method.
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What is Bitcoin?
Bitcoin is the most popular digital currency in the world. It can be used to purchase products and services on the internet, replacing real cash. Bitcoins can be purchased from specific sites or received as payment. It can also be obtained through mining. Bitcoin has grown in popularity and prevalence in recent years, although it is said that there will never be more than 21 million in existence. This figure is estimated to be reached by 2140.
Why is Bitcoin so popular?
Bitcoin is safe, reliable, anonymous, and secure, which makes it ideal for online transactions. The popularity of Bitcoin has grown in recent years, although the cryptocurrency has been around for a long time. As the world changes, people are looking for safer alternatives to traditional currencies and online banking. As such, Bitcoin has revolutionized the game and people continue to clamor for a slice of the Bitcoin pie.
Is Bitcoin popular at online casinos?
Yes, Bitcoin casinos are now widely available online. Just a few years ago, Bitcoin was relatively scarce at online casinos, but its popularity meant gaming sites had to adapt to this change. As such, many online casinos now accept Bitcoin as a deposit and withdrawal method.
Can I fund my casino account using Bitcoin?
Yes, and it’s really easy. With so many online casinos accepting Bitcoin, it is quick and easy to make a deposit and start playing for real money.
Is Bitcoin safe?
Bitcoin is known for being incredibly safe and secure. This is the main reason for its growth in popularity. Bitcoin wallets require login information and a physical device to access the funds. This makes hacking a wallet very hard.
How fast are Bitcoin transactions at online casinos?
Bitcoin transactions are generally instant. There is no processing time as no banks are involved like with traditional banking methods. This is the case for deposits and withdrawals.
How does Bitcoin compare to other banking methods?
Bitcoin is really in a league of its own and holds up well against more traditional methods like credit and debit cards. It has an edge over these methods in terms of speed and anonymity. E-wallets like PayPal require a link to an existing bank account, and while secure, this could inconvenience some people. Bitcoin wallets do not need to be attached to any banking institutions, which means fast transactions, no fees, and complete privacy.
What’s bad about Bitcoins?
Bitcoin is very volatile, which means its value fluctuates on a regular basis. If you’re happy with the market changes, then Bitcoin will be a great option. If you’re a safe player who prefers tried and tested methods, sticking to options like credit and debit cards may be your best bet.
What does it cost to use Bitcoin at online casinos?
Bitcoin typically does not have any transaction fees as there is no need for a bank to process any transactions. However, some online casinos may incur charges, but this is site-dependent.