Bitcoin Casinos

Why should you pay with Bitcoin at online casinos?

The first mention of Bitcoin goes back to 2008 and its inventor remains anonymous to this day, however, it became the most popular cryptocurrency in the world. It’s also the first-ever digital currency to use the peer-to-peer system.

Bitcoin has been around for more than a decade and became accepted by a wide number of vendors on the internet. The iGaming market is no exception and there are currently plenty of online casinos accepting Bitcoin transactions.

An important aspect that makes these casinos popular comes from their increased safety. Blockchain transactions use pseudonyms, making sure that the real identity of the parties remains always hidden even if the transactions can be verified by the user.

Players that live in countries where gambling is under a grey zone or is under the monopoly of the state often resort to Bitcoin casinos for privacy reasons. Another great thing about anonymous transactions is that they add another layer of security to your transactions. 

Using the peer-to-peer system, Bitcoin transactions are not only safe but also incredibly fast, rivaling e-wallets. Actually, most of the Fast Payout Casinos are Bitcoin gambling websites. 

Lastly, the entire blockchain is a decentralized system not owned by any government or financial institution. Bitcoin is created through a process called mining which is practically an algorithm where a new block is created and added to the blockchain.

Not being owned by any government means that no authority can check your account, freeze it or stop a transaction.

Getting started with Bitcoin

What makes Bitcoin so special is that this payment system involves no currency that can be owned. While this fact adds a lot of benefits it also means that it involves a more complex process compared to credit and debit cards or other online payments. 

First of all, you will need to create a digital wallet using an email address. A great example is exodus.com where you can go and open a Bitcoin account to create your digital wallet. 

There are three types of Bitcoin wallets:

• Hardware wallets
• Mobile or desktop wallets
• Web wallets

For casino transaction purposes we will only be referring to the last two of them. 

Once you have managed to create your Bitcoin wallet and you have access to the Bitcoin app, it doesn’t mean the process is over. You still need to top it up with cryptos and that’s not going to happen through a bank transfer or a Bitcoin visa prepaid card.

You will also need to spend money and buy Bitcoins that can be moved to your digital wallet. You can do so from any stock website like Moon Pay. On any of these websites, you will also need to create an account and choose a standard way to transfer money and convert normal currency into Bitcoins. 

You will have to generate a Bitcoin address in your digital wallet to move the actual cryptos from the exchange website to your wallet. There will also be a tiny fee, less than $1 for the transaction.

Once the Bitcoins are in your wallet, you can proceed to the next step and pay online using Bitcoin.

Deposit and Withdrawal from a Casino Using Bitcoin

There are many players, especially new ones, who ask themselves how to withdraw money from Bitcoin casinos or how to make a Bitcoin deposit. The process may seem complex at first, but once you have completely set up your cryptocurrency wallet and you have found sites that accept Bitcoin, things are quite easy. 

How to deposit at online casinos using Bitcoin

Because of the need for a specific cryptocurrency wallet, deposits with Bitcoin are considered a little more tricky than others. However, once you have completed setting up a virtual Bitcoin wallet and your money is in your account, things get pretty simple and you only need a few extra steps. 

1. Go to the casino’s homepage and log in to your player account

2. Go to the Cashier section and select Bitcoin as a deposit method

3. Enter the amount of cash you wish to deposit. A series of instructions will follow and you will have to provide some information.

4. Since transfers with Bitcoin are almost instantaneous, you should be able to use your new balance in no time.

This is also the moment when you can pick the desired bonus at your selected Bitcoin casino since you can benefit from the welcome bonus or the first deposit offer. 

How to withdraw from a casino using Bitcoin

The process of withdrawal from a Bitcoin online casino is very similar to the Bitcoin deposit process and any other casino withdrawal that involves cryptocurrencies. Here is the simplified process step by step:

1. Go to your casino and log in to your player account 

2. Head to the cashier section and select Bitcoin as the withdrawal option

3. Enter the amount of cash you wish to withdraw and your email address

4. The amount of cash withdrawn should be available in your Bitcoin wallet very fast

Once the cryptocurrency is in your Bitcoin wallet, you have multiple options. You can keep them as they are for future uses or change them into a standard currency of your choice by withdrawing them from the Bitcoin wallet with a credit card or through a bank account.

Pros and cons of joining Bitcoin casinos

Just like any other gambling website, Bitcoin online casinos come with their own set of benefits and drawbacks. 

Bitcoin is one of the most popular cryptocurrencies in the world and a top casino payment choice, especially in countries where classic methods are unavailable. However, it is better to know everything before making a decision so let’s take a close look at the facts.

Bitcoin Casino Transfer Times

Bitcoin casino transfers are incredibly fast compared to other payment methods and are usually done instantaneously or in a matter of minutes.

If some delays appear, this might happen for a couple of reasons. For example, the transactions have yet to be verified by the blockchain. (Usually, the transaction needs several confirmations which may vary from seconds to up to 10 minutes). 

When it comes to withdrawals, things are a little bit more complicated. The withdrawals from the casino to your Bitcoin wallet are very fast. However, if you wish to change the cryptocurrency in your wallet and transfer it to a standard bank account, the process may take up to 5 business days to complete. 

Important: Each casino is different and the timeframe for a Bitcoin transaction to be completed may vary from one gambling site to another. The above timeframes are more of a guideline.

How secure is Bitcoin?

At this moment, casino transactions with cryptocurrencies are the safest on the market, even safer than e-wallets. All the Bitcoin transactions are completely anonymous, this means that there is no personal information involved in the process.

To guarantee completely secure online payments, the blockchain systems remove all the private information and since you don’t use any banking or personal information, a third party can’t access this sensitive data.

Another important aspect to take into consideration is that Bitcoin, like any other online payment system based on cryptocurrencies, is a decentralized system. No government owns it and the usual money regulations for transfers do not apply. 

For all these reasons, Bitcoin casinos are preferred by players who live in countries where gambling is either illegal or falls under a grey zone. Since standard payment systems in these countries are controlled by regulatory bodies, players have to find a safe and private casino transaction option and Bitcoin is a perfect choice. 

Bitcoin transactions are not banned by the system like in the case of other payment options so there will be no restrictions when it comes to casino transfers no matter in which part of the world you live in. 

Finally, a cryptocurrency wallet can’t be traced and can’t be frozen.

How to choose a casino that accepts Bitcoin

Bitcoin has been around for more than a decade and made its way to the iGaming industry quite fast. There are plenty of online casinos Bitcoin and for a beginner, the large number of websites can be confusing.

That’s why here at 10Casinos we have created a list of the best Bitcoin online gambling websites and the bonuses offered. It’s not hard at all to find the best Bitcoin casino online as the same rules apply just like with any other standard gambling website. 

When looking for Bitcoin online casinos, always choose reputable sites like the ones displayed in our lists. We use a complex verification process and we also take into consideration other real players’ reviews and past experiences with these casinos.

Check the selection of games available at the specific gambling website and make sure you pick the one that offers your preferred casino games. 

Because the gamblers’ safety is our top priority the casinos we display have state-of-the-art security features to ensure complete fraud protection. You should never play at a Bitcoin site that is not properly licensed and regulated by a reputable independent authority.

Players’ needs and tastes are different, that’s why it’s very hard to tell which one of these Bitcoin casinos is the best, but we have a Top Rated Casino page where all websites are displayed according to the ratings of other players and which one of them has been in the top favorites.

What’s great about Bitcoin casinos is that you can claim great bonuses just like at any other standard casino. If you are on the hunt for a no deposit bonus, you can simply take a look at our No Deposit Casinos page. 

Alternative banking options

Bitcoin online casinos are not the only popular cryptocurrency-friendly gambling websites as Ethereum casinos are also among the top choices when it comes to casinos online payments.

These payment methods function a lot like a prepaid card, eliminating all sensitive pieces of information.

A good alternative to Bitcoin casinos could be e-wallets like those available at PayPal casinos. You can associate the e-wallet with a bank account and withdraw cash from it just like you would withdraw from a Bitcoin wallet. 

If you have more than one preferred casino payment option and you want to see all casinos that include either Bitcoin or your preferred method, you can simply check our Complete Banking options page where you can find all the payment options and which casinos accept them. 

International availability

In countries where gambling is legal Bitcoin casinos are not restricted by any means. The only restrictions appear in countries or territories where gambling is either illegal, under the monopoly of the state, or falls under a grey zone.

However, the blockchain system is not owned by any government and it can’t be controlled, making it ideal for players in these regions that want to keep complete privacy and to be able to gamble offshore without any fear. 

Even if right now casino Bitcoin is very popular, if you want to make sure that your country accepts Bitcoin as a payment option, you can go and check our Casinos by Country page and check the country box in the filter system. 

Want to play right away? Check out all the Bitcoin casinos

Now that you know everything there is to know about transactions using Bitcoins and if you decide that this is the right casino payment option for you, all that remains is to scroll back up to our list and take a look at the gambling websites that accept Bitcoin.

Pick one of them, open an account and claim a bonus and you will be ready to play in no time!