As you already know, Bitcoin - often abbreviated as BTC - is the world's most famous cryptocurrency. It was the first of its kind that functions without any central bank. The network works as a peer-to-peer system and transactions happen between the users, without the meddling of a third party.
All transactions are verified by the network using cryptography and saved in a publicly distributed database, the blockchain. This blockchain gets, on average, a new block every ten minutes.
The concept was first talked about in 1998 and first implemented in 2009, by an uknown person under the iconic pseudonym Satoshi Nakamoto. The idea behind Bitcoin is to allow one person to send money to another person through the internet, while guaranteeing absolute safety.
Best Casinos To Play With Bitcoin
To decide which casinos well worth playing at, a lot of factors need to be taken into account, specially if you're playing with cryptocurrencies.
Some of these include the games and bonuses it offers. But when playing at a Bitcoin casino, there is even more to consider, like whether it offers provably fair games and whether it is a trustworthy casino.
Below you can find a selection we made for you, based on criteria relating to safety, game selection, bonuses, payment options and customer support.
BitStarz
www.bitstarz.comAbout BitStarz
This is not just any Bitcoin casino. BitStarz is the winner of multiple awards. Some of them include the Best Online Casino Award in 2018 and the Player's Choice Award in 2019. The level of expertise is noticeable in every aspect. Bistarz slogan "Dream big, win bigger" is something that'll definitely raise your ambitions. The same goes for the games on offer, as there is a lot to choose from a bunch of the best casino game providers. Overall this is probably one of the best Bitcoin casinos out there.
Overview
Websitewww.bitstarz.com
Established 2014
License Curaçao
Bonus 5 BTC + 180 Free Spins
Wagering Requirement 40x
No Deposit Bonus 20 Free Spins
Live Chat Yes
mBit
www.mbitcasino.comAbout mBit
Backed by a mother company that owns 35 casinos, mBit Casino offers you great benefits. First and foremost there is a great number of games from all of the best providers in the industry. You are also entitled to a nice number of bonuses with an intergalactic theme. To top it all off, you can pay with either cryptocurrencies or regular currencies and you have a great support team at your disposal 24 hours a day.
Overview
Websitewww.mbitcasino.com
Established 2014
License Curaçao
Bonus 5 BTC + 300 Free spins
Wagering Requirement 35x
No Deposit Bonus -
Live Chat Yes
True Flip
www.trueflip.ioAbout True Flip
Enjoy the nice welcome bonus at True Flip casino. With this you can enjoy their varied game offer that consists of games by market leaders as well as games the casino developed in house. Decide for yourself which ones are the best. You can pay with cryptocurrencies as well as fiat currencies and the customer support is available all hours of the day. The team members are even available through Telegram on your mobile phone.
Overview
Websitewww.trueflip.io
Established 2017
License Curaçao
Bonus 1 BTC + 50 Free Spins
Wagering Requirement 35x
No Deposit Bonus -
Live Chat Yes
BitStarz
BitStarz gets a perfect score for almost all components. It has a great game selection, with a great amount of slots, jackpots, table games, a live casino and much more.
You can find games by all your favorite providers and even discover a couple of new ones.
The welcome bonus is also very generous and accompanied by other nice rewards. Combine this with a website that's easy to navigate and the great safety including provably fair games and you have a great Bitcoin casino to play at.
mBit
Another casino to try out when playing with Bitcoin is mBit. This casino is backed by a company that owns 35 casinos and offers over 3,000 games.
You also get a nice number of bonuses to enjoy the games even more.
There's no reason to complain about payments either as you can choose from a number of cryptocurrencies, among which the Bitcoin.
True Flip
True Flip could not be left out of the list as it is created for blockchain enthusiasts. You might notice this in the design, which is different from other casinos but still very intuitive.
Something special about this casino is that it also develops its own games. They go by the developer name TrueLab and are worth a try.
There are no provably fair games, but in turn this casino has been active for a couple of years already without receiving a single complaint. That is a clear sign that this casino is trustworthy.
Bitcoin Bonuses
Just like when playing with normal currencies, you are entitled to casino bonuses when playing with Bitcoins. The only difference is that the maximum bonus amount won't be displayed in your currency, but instead in Bitcoins.
An example could be: First Deposit Bonus of 200% up to 1.5 BTC - a bonus format which players will instantly recognize.
Another bonus aspect to keep in mind is that some Bitcoin casinos which offer both cryptocurrencies and regular money as payment methods, often pack more value into the Bitcoin version of the bonus. This means that you get more out of your deposit if you choose to receive your First Deposit Bonus in BTC.
Free spins will remain the same and you'll be entitled to as many of them as you always were. When it comes to other casino bonuses and promotions, everything is business as usual when you use Bitcoin.
Benefits Of Bitcoin
The first benefit that comes to mind when talking about Bitcoin is the name. It is the best-known cryptocurrency worldwide and basically anyone who is informed about digital news knows what a Bitcoin is. But besides this perk this cryptocurrency has many more benefits.
- Dominant cryptocurrency
- Widely recognized
- Fast payment processing
- Lower house edges
- No banking charges
- Very secure
- Privacy
Like the total liberty of payment, regardless of the place, time or language. A Bitcoin has the same value in every country, always.
There's also no central authority that controls your money. This also means that there are no banks charging you any fee. Another benefit that comes with the lack of bank interference is that Bitcoin is far more private than other traditional forms of money. Meanwhile, thanks to the cryptographic security, the transactions cannot be manipulated.
Last but not least, accepting cryptocurrencies and processing payments with these coins is WAY more cheaper for a casino than other alternatives. This gives them a chance to offer players games with better winning margins, as they are able to lower their edge and still keep their business strong.
Casino Games You Can Play With Bitcoin
Nowadays more and more casinos are jumping on the chance to offer Bitcoin as a payment method. And with good reason. All of the benefits described above are applicable for casinos as well. Some casinos are now only accepting cryptocurrencies as a payment method - a bullish trend within the industry.
Let's see what kind of games these crypto casinos offer you.
- Bitcoin Slots: Right now, all big slot providers like NetEnt, Quickspin, Microgaming and others are available in many Bitcoin casinos. Not only because the number of Bitcoin-only casinos is growing, but the number of regular casinos offering Bitcoin as a payment method is growing too.
- Bitcoin Poker: Bitcoin poker sites are not yet as common as Bitcoin casinos, although there are a few online casinos that allow you to play simpler versions of the game.
- Bitcoin Blackjack: Blackjack is a game you don't have to worry about when playing with Bitcoin. Since it's one of the oldest and most popular casino games of all time, all respectable casinos offer at least a few versions of it - even live blackjack!
- Bitcoin Roulette: The same goes for Roulette. Like Blackjack this game is immensely popular among players and a casino without it would be unfathomable. If you ever do find one though, that might be a sign that you should look for another casino.
Bitcoin Casino Dapps
Surprisingly there aren't that many casino Dapps to play with Bitcoin. This phenomenon is more popular among other cryptocurrencies like Tron. However, that doesn't mean it'll remain like this.
Right now, there is one Dapp that stands out from the rest.
Earnbet
One casino Dapp that you can play at using Bitcoins is Earnbet. This casino is not only licensed by the government of Curaçao, but it's also provably fair. All games are "recorded" and it's possible to trace back the game code, which makes it easy to prove its fairness and it's only possible because decentralized applications like this one run entirely on the blockchain.
You won't be able to play your favorite slots in this casino (yet) but there are 6 different casino games you can choose from, including the usual classics like dice, blackjack, baccarat and roulette.
Besides that, you earn BET tokens with any bet you place. These tokens entitle you to a portion of the house profit as 100% of it is paid to token holders on a daily basis.
Deposit And Withdrawal
Payments in casinos are processed the exact same way with either Bitcoin or a more common payment method like a credit card. Only with Bitcoin you get the benefit of instant processing when the payment is released by the casino or made by you.
Before the payment is finished it still needs to go through its validation process within its blockchain. In most cases this is completed within 1 hour, or if the network is under heavy load it may take up to 4 hours.
However, as the casino still needs to approve a withdrawal, you can be subject to a verification process. You won't need to go through this with a casino Dapp, as most of them don't have a license. This should not be a problem as long as they are provably fair. It speeds up the process a lot and eliminates the maximum withdrawal amount.
BITCOIN PAYMENTS
A key benefit of using Bitcoin in casinos is how fast you can deposit and withdraw funds!
Are Bitcoin Casinos Legal?
The legal aspect of a Bitcoin casino is one that you should be informed about. As a cryptocurrency is not a 'real' currency like the Euro or the GBP, a casino doesn't need a license if it only accepts Bitcoins.
And a casino without a license can do whatever they want. When Bitcoin first became known to the big public, there were many unlicensed Bitcoin casinos popping up. They accepted payments and then vanished into thin air. This was possible because without the need for a license, they could get away with not being registered anyway and being untraceable. Since then, players have learned to trust only casinos with a license.
For Europe the best license is the Maltese one, followed by the Curaçao license. With the exception of the licenses of regulated countries, as they always come first.
So answering the question: Yes, Bicoin casinos are legal and you can play in them as long as gambling is legal in your jurisdiction.