Best Bitcoin Online Casino? There are many gamblers who are specifically looking for Bitcoin casinos. However, it is not easy to find a reputable casino that uses cryptocurrency. Few casino players use it to make deposits and withdrawals. There are several reasons for this. Nevertheless, Bitcoin may become a very important currency for the best online casinos in the long-term. It doesn’t mean, however, that Bitcoin will prevail in online gaming.
Best Bitcoin online casinos
At Bitcoin Casinos, a difference must be made between the gambling sites that only offer Bitcoin as a payment method and those that offer cryptocurrency as one of many payment methods alongside such typical classics as VISA, MasterCard and instant transfer. An online casino operator that only offers Bitcoin sometimes has to be considered with a little more skepticism. For example, if a casino can offer credit cards as payment methods, this means that the credit card companies have checked the seriousness of the site.
With Bitcoin, however, this is not possible. In principle, a person anywhere in the world could offer a casino with Bitcoin to steal the money from players accounts. There are also reputable providers with Bitcoin, but the market is still quite confusing. Maybe this will change in the next few years, but currently, the Bitcoin casinos are not necessarily trustworthy, especially if no approved license is available.
What are Bitcoins?
Bitcoin is a cryptocurrency that works slightly differently than the classic currencies such as the euro and the dollar. Basically, it is a virtual currency whose value is based solely on the fact that those who use Bitcoin measure the currency’s value.
There is no state and no other large institution behind Bitcoin. Experts therefore sometimes criticize the fact that it is a gigantic bubble that is used exclusively for speculation. Legal, secure and reputable online casinos sometimes also offer Bitcoin and other cryptocurrencies. But other payment methods are much more popular. This is also due to the fact that it is not easy to use Bitcoins. Especially for normal casino gamblers, creating a Bitcoin Wallet is often too challenging. So far, cryptocurrencies are only interesting for a very small group.
For example, BeEasy makes the world of cryptocurrencies understandable and accessible to any user regardless of their skill level.
This is achieved through the development of intuitive interfaces and flexible management system for the most popular services: mining, conversion, exchange trading, purchase of goods and services, investments, charitable contributions, etc.
Bitcoin online casinos reviews – how does it work?
Theoretically, it’s quite simple: Bitcoins allows you to make deposits and withdrawals very quickly and completely anonymously, free of charge. In practice, however, this does not quite work. A transaction with Bitcoin takes a long time and can sometimes cause fees. This works much easier with payment methods such as ecoPayz, instant transfer, VISA, and MasterCard. In general, it is necessary to have a wallet for cryptocurrency that works similar to an e-wallet. This electronic wallet is necessary to use Bitcoins for deposits and withdrawals. There are many different wallets on the market. In other words, it is not easy to make a choice. Also, Bitcoins must also get into the wallet. All this makes this payment method problematic and not very customer-friendly, at least in online casinos.
Bitcoin is based on blockchain technology. Bitcoin has been available since 2009. This cryptocurrency was developed by an unknown developer. The new payment method quickly became popular, as it is possible to complete transactions without a central processing center. This makes Bitcoin theoretically superior to the traditional banking system. In practice, however, there are some problems, including so-called mining. Large amounts of electricity are required to produce Bitcoins. It does not require a banking system
How serious are casinos with cryptocurrency?
If an online casino without a download or with a download has Bitcoin as a currency, it doesn’t mean anything. If a reputable EU license is available Bitcoin is also absolutely ok. However, Bitcoin is a currency that does not guarantee seriousness in itself. Note, only because a casino has Bitcoin, that does not mean that there must be any problem.
Gamblers who want to use BTC should be careful and choose only reputable and proven casinos. It should also be mentioned that Bitcoin is only one of many cryptocurrencies. There are also many other cryptocurrencies, but all of them are not as well known and widespread as Bitcoin. Currently, BTC is not so much used as a payment method, but rather as a speculation currency.
Bitcoin casino bonus
In a casino, as in any other casino, there can also be a generous Bitcoin bonus. Even online casinos with a progressive jackpot can make payments with Bitcoin possible.
Play casino online with crypto? The bonus should always play a role in the rating. The selection of games should also always play a role in the rating of a casino. Who wants to have fun with a gambling provider, should not only pay attention to the payment methods but above all to the content quality of the site. Thus altogether a very high quality is required. Beyond that, there are special features that cannot be offered by any BTC Casino, for example, the instant cashback.
How does cashback bonus work
The calculation is simple: customers play cashback gambling games and are immediately refunded a portion of the lost bet on a cashback account. The cashback account is only used to collect the losses refunded. When the low minimum amount is reached, the money goes to the player’s real money account. It is not necessary to meet the sales requirement. This detail is the real sensation because normally any form of bonus in a casino is associated with a wagering requirement. But with instant cashback, it is possible to play in real money casino. This makes this offer interesting for many gambling fans who want to limit their losses. Unlike the welcome bonus, the instant cashback is unlimited.
Alternatives to Bitcoin
There are excellent payment methods on the market. Customers can make payments with ecoPayz, Instant Transfer, VISA and MasterCard, for example. These methods have proven themselves in recent years, not only in casinos. EcoPayz is a first-class e-wallet. Instant Bank Transfer is a payment method for depositors who want to make very fast deposits through a normal bank account.
Everybody knows VISA and MasterCard. The best casino is uninteresting if there are no good payment methods available. At Casino, players can make minimum deposits and withdrawals very easily. If, for example, an online casino tournament is pending, it is also possible to register an account and make a deposit within a very short time. The processes must be optimized so that there are no long waiting times. This applies not only to deposits but also to withdrawals. There must not be any delays when paying out, because every player should get his winnings as quickly as possible.
What is important when depositing and withdrawing money at the casino?
Security is a big issue, not only when it comes to Bitcoin. There are always stories of Bitcoin being stolen. The technology is not yet fully developed, so it can even be brave to pay with cryptocurrency. If you are interested in slot machines and therefore want to make a deposit at a casino, you should make sure that SSL encryption is available. This is the most important requirement to make secure transactions. SSL encryption ensures that customer data is optimally protected during the transfer.
Deposits and withdrawal options should be organized in such a way that even a beginner can avoid stress. Only a few steps are needed to make deposits and withdrawals. The entire process must be explained step by step, so even an inexperienced casino player can deposit and withdraw without hesitation. If in doubt, there is also the very good casino customer service, which is available with advice and help for all questions and problems.
Did you know?
The value of the Bitcoins is not constant in comparison to the Euro or the Dollar. There have been strong ups and downs in recent years. Anyone who invested in Bitcoins very quickly could become a millionaire. Those who invested too late could lose a lot of money in recent years. If you want to exchange Bitcoins for Euro or Dollar at the end, you should always keep the price risk in mind. Bitcoins are actually only well suited for casino fans who want to keep this currency permanently and do not plan to exchange it.
Advantages of Bitcoin Gambling Payment
It is possible to make completely anonymous transactions. However, this is very rarely the case in practice. In particular, customers must register in reputable casinos and verify their customer data, at the least before the first major payout. If you can’t produce a copy of your identity card, you won’t be pleased in a reputable casino for long. Anonymity is, therefore, a value that has no place in serious casinos. This does not mean that there are no providers on the Internet who advertise anonymous casino games. But the question is always how reliable such offers are. Who wants to rely on the fact that a Bitcoin Casino far away from Europe also pays out a huge casino profit? The casino must be licensed in accordance with the rules of the European Union and the Malta Gaming Authority. This includes keeping to strict deposit and withdrawal rules.
If you are looking for a bitcoin casino with instant withdrawal – Look to Bitcasino.io.
Safe and secure gambling with Bitcoin
A reputable and secure casino operator is characterized above all by the fact that a recognized license is available. There are not many licensors who accept Bitcoin as a payment method. It is extremely important to look at the license. If there is no serious license available, there is a reason to avoid the provider. Then in doubt, it is better to play in a modern play real money casino. Bitcoin is also problematic for casino operators due to the exchange rate risks. In the last years, it happened more often that the course completely crashed within fewer days. Although the Bitcoin rate has often recovered, it is not easy for a casino with a financial plan to deal with such a highly volatile currency. There are many reputable and safe gambling providers on the market.
Step-by-Step Guide: Paying with Bitcoins at the Online Casino
First of all, it is important to find a reputable Bitcoin Casino. This is not an easy task. Unlike the casinos with conventional payment methods, there are no extensive rankings, as the offer for European customers is quite small. Many gambling fans at Bitcoin Casinos are afraid of online casino fraud and therefore avoid any. Basically, it is a good idea to first ensure that a secure wallet with Bitcoins is available. Subsequently, the deposit in a casino works completely uncomplicated. Nowadays, it is not even necessary to download an online casino in order to play in a modern casino. Depositing with Bitcoin and other cryptocurrencies is somewhat different depending on the wallet. In any case, it is easier to pay with VISA, MasterCard, ecoPayz or instant transfer. With these payment methods, the money is also immediately in the account, while with Bitcoin there can be long delays.
Easy and fast deposits and withdrawals
Security is an important issue in all transactions. But when security is guaranteed, there are other issues as well: comfort and speed. If you want to make simple and quick deposits and instant withdraw bitcoin casino, you can use an e-wallet like ecoPayz, for example. If you want to play Craps in the online casino and want to use a secure payment method, you can also use a VISA or MasterCard.
How to make instant withdrawals at online Bitcoin casinos?
- Log in to your casino account with username/password, then navigate to the Cashier section.
- Choose Bitcoin as your preferred withdrawal method.
- Enter the address of your BTC wallet.
- Enter the sum of money you wish to withdraw.
- Confirm the transaction.
What are the advantages and disadvantages of Bitcoins?
One of the big disadvantages of Bitcoin is the cost risk. When the value of Bitcoin is constantly changing, it is difficult for a normal casino customer to use this payment method. Who wants to lose half the money in a day just because the Bitcoin course is going crazy again? The Euro may not be the most popular currency of all time, but the Euro rate is very stable compared to the Bitcoin rate. In addition, no exchange is necessary. Bitcoins can only be used for a few things in everyday life. This currency is mainly used for speculation. For slot games, the good old Euro is much better suited. After all, it is possible to exchange Bitcoin for Euro without any problems. But the exchange costs time and sometimes even additional money. Who pays in a Casino with the instant transfer, VISA, MasterCard or ecoPayz, can be glad about the fact that the currency does not have to be exchanged.
Conclusion: Simple and fast deposits and withdrawals even without Bitcoin
There are many gambling fans who are interested in Bitcoin. There are not many providers that support Bitcoin as a payment method. It might not be a good idea to use just a European Bitcoin casino, as it rarely has a recognized license.