As the world and its currency evolves – so does online gambling, Gamblers and Online Casinos, which brings us to the relatively new phenomenon that is a Bitcoin Casino. Let’s take a look into the world of a Bitcoin Casino to see how it differs compared to conventional casinos, and what might make people start playing using crypto in the future.
It’s been around since 2009, and since its inception, its gained widespread popularity as a crypto of the utmost repute, with its peer-to-peer payment network that uses a cryptographic protocol. Bitcoin is not a physical thing like real cash is. It’s completely digital, and you’ll find it on any of the big crypto exchanges as one of the biggest, if not THE biggest Cryptocurrency in the world.
Simply put, Bitcoin is a computer file stored in a digital wallet, with some choosing to store theirs in an offline hardware wallet for maximum security and peace of mind. There are a number of advantages to btc over fiat currency, such as the fact that Bitcoin has no government authority, its impossible to falsify, and low fees for international payments.
But how does Bitcoin compare to fiat currency when Bitcoin Gambling is concerned? Players have slowly but surely been ditching the normal online casino in favour of making a deposit with crypto and turning to Bitcoin Gambling, but why?
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Bitcoin gambling sites may be confusing compared to your conventional gambling sites, but the way in which we rate them is very similar to that of normal casinos. So lets start off with how we rate a Bitcoin casino before we add it to Fruity Slots.
Analysing the content of Bitcoin Gambling Sites is one thing. What sort of Welcome Bonus/Deposit Bonus will you receive? and what are their selection of games, such as Table Games, Dealer Games, Slot Games and Live Casino?
Something else that you may of heard of when talking about a Bitcoin casino is provably fair casinos. What do we mean by provably fair?
People have turned more to online gambling, and in turn, online casinos. You’ve probably played on an online casino before and heard in various complaints from disgruntled gamblers that the online casino is unfair, or that online gaming as a whole is rigged.
Systems in conventional online casinos often rely on third party involvement to test the fairness of the games, which in turn raises more questions about the honesty and repute of those auditing them.
With a bitcoin casino, this problem may soon be a thing of the past with the concept of a provably fair casino. Let’s break down what it means for a crypto casino to be provably fair.
Another very crucial aspect of any Bitcoin Casino is how provably fair it is. Customer confidence sometimes depends entirely on this aspect. Provably Fair is basically an algorithm for the player to determine if the operation of the machine was fair, or provably fair from a consumer perspective
Operators may publish each transaction in-game using an Open Source algorithm, among other things like seeds and hashing. Once these results are published, then players can check these algorithms to look at the games response to player interaction to see that the result was provably fair, meaning that the result was not tampered with in any way.
Provably fair gambling is a step in the right direction for the consumer, who can be certain that win or lose, that their result was fair.
Let’s say you were looking at a dice, or a roulette wheel. Usually you’d have to just trust that the number output was a fair result, but there was no way for you to check if it was provably fair.
With the use of seeds, you essentially have a say in the number generated, and thus confidence in the provably fair result. Server seeds from the operator and the Client seed are used to create a random number or a result, and the Casino seed is converted into string data via a Hash, which prevents you from using your own seed to generate a result that you want, making it fair to both parties. The hash represents their seed, but the Casino will reveal the actual number after a bet is made.
The result can be proved to be provably fair if the server seed and the client seed are combined and you see the same result.
Provably fair Bitcoin Gambling usually means that third party auditing is usually unnecessary, and this system helps massively in player confidence. If you play with hard-earned bitcoin, then you owe it to yourself to choose a provably fair casino, and check the outcome yourself!
Provably Fair Casinos are one of the best developments in the Bitcoin Gambling business, but there are still an overwhelming majority of people who don’t understand what Provably Fair means.
Because of this, technical aspect associated with provably fair play, there are unfortunately some fake provably fair sites.
Understanding the Cryptography behind provably fair checks yourself and reading up online about reputable bitcoin casinos can help you pick the right one. Some of the provably fair casinos are simple to use, with user-friendly environments, creating a casino experience that you can say with confidence is provably fair and fun.
You can play bitcoin games with ease at provably fair casinos, and if you’re still sceptical of a casino claiming to be provably fair then you can check yourself!
Advancements in technology have turned modern gamblers to modern gambling solutions, with Bitcoin Casinos becoming more and more normal.
What is the advantage of a Bitcoin Casino compared to traditional online casinos? Despite its widespread appeal, bitcoin and other cryptocurrencies are still widely misunderstood.
Could it be that betting with crypto funds is in fact more secure than using traditional methods?
Let’s take a look at the Advantages of a bitcoin casino vs regular online casino.
Even if you’ve buried your head in the sand and shielded yourself from all things cryptocurrency, the chances are you’ve heard of bitcoin and its exponential increase in value since its inception in 2009.
Fiat currency is a lot more stable than cryptocurrency, but the demand for Bitcoin is regularly exceeding expectation, with some big companies even adopting it as an accepted form of payment. Bitcoin Gamblers may have an edge over traditional gamblers here in the sense that their winnings are much more susceptible to price fluctuation.
While this could of course mean that winnings could well decrease in value, Bitcoin has broken its limits time and time again, reaching all time highs regularly.
If you use a traditional online casino, you’ll be no stranger to a first deposit bonus or two. Often, these are 100% matches up to £250 or less, and they’re usually accompanied by Free Spins.
A Bitcoin Casino arguably has a lot more value than a normal online casino.
bitstarz casino may well be irrefutable proof of this. At the time of writing this article, they offer a deposit bonus where they will DOUBLE your deposit up to 1 BTC, as well as giving you free spins, with Free Spins every day on after your first deposit.
1 BTC is absolutely huge, and doubling it seems almost unfathomable. This makes them one of the best bitcoin casinos around, and even if you’re a player sure that traditional casino sites are the way to go. you can’t deny that the best bitcoin casino around simply outmatches the offers available at a traditional casino. 1 BTC isn’t always the maximum offered by sites either, with some historically offering a match up to 5 BTC.
Casinos that accept bitcoin seem way more generous than your regular casino, and apart from that the experience is much the same. You’ll get value for your cryptocurrency through other casino offers and the sheer range of games available too.
A Bitcoin online casino gives you a lot more privacy than conventional online casinos do. Usually, a plethora of details are required, which include personal information like credit and debit cards.
If the casino does not make sure to handle these details correctly, then these details could be compromised.
A Bitcoin Casino eliminates that risk. In some cases, all that you need to do is deposit funds to a wallet address and you’re done. Making a deposit to an exchange is often easy too. You can deposit on places like Coinbase with ease using bank transfers, debit card and more.
This makes a Bitcoin casino much more safe where your personal details are concerned, and more convenient for ease of play.
As well as this, Bitcoin dodges a lot of the regulation commonplace in the gambling world.
Transactions are generally cheaper as well, because Bitcoin is a non-regulated currency, so there are lower fees.
All of this, as well as the transparency you get with bitcoin gambling sites, can make them tempting when compared to regular online casinos. Provably fair Casinos cultivate a positive relationship with the consumer and Casino, with no doubt that the Casino is not taking advantage of the customer with underhanded tactics.
One of the best benefits of Bitcoin Casinos are the lightning fast withdrawal times.
Some conventional Casinos have significantly improved their withdrawal times recently, with some even offering an instant pay out.
For the most part though, you may be waiting a few business days before you see your funds.
BTC and other crypto is generally close to instantaneous, which makes Crypto Casinos an attractive prospect for those who can’t stand waiting days for their withdrawals.
We say close to instantaneous because there’s still a few things that need to happen before the funds are available in your account, such as Bitcoin confirmation from the blockchain.
Of course, these timescales could fluctuate depending on certain conditions, like amounts withdrawn, and different cryptocurrencies work at different speeds.
Ethereum’s block time is mere seconds, with a more advanced blockchain to Bitcoin. Bitcoin can take minutes rather than seconds.
Overall though, when you’re gabling with crypto, you can expect some very fast withdrawal times. Sometimes even faster than the fastest withdrawal casinos that do not offer Bitcoin.
Excited by the prospect of Bitcoin slots, Bitcoin casino sites offers and the freedom that comes with it when gambling with cryptocurrency, players venture out to find the best bitcoin casinos.
Which one do you choose? There are certainly a lot out there, with attractive first deposit bonus offers, casinos games, free spins, table games and much more!
Some of the best of the best Bitcoin casinos include…
Monthly Cashback offers are available too, so it’s not hard to see what makes Fortune Jack one of the more reputable and popular Bitcoin casinos out there. As well as bitcoin, Fortune Jack also support Litecoin, Dogecoin, Ethereum, ZCash, Tron, Dash and Monero. Spins on a Casino is seemingly not just limited to Bitcoin, with altcoins jumping on the bandwagon too. You’ll also find that Fortune Jack have a great range of casino games.
Everyone seems to be a happy winner at the Bitcoin casinos mentioned above.
None are available to UK Territories, so the attractive first deposit bonus offers, Free Spins and everything else that comes with them is unfortunately out of reach for those in Great Britain who wish to game on these sites!
Is gambling with Bitcoin Legal in the UK? Yes, it certainly hasn’t been outlawed. Bitcoin and other cryptocurrencies are as legal in the UK as they are anywhere else, but Bitcoin Casinos haven’t really featured in the UK Market.
Any casino that caters to UK customers must hold a UKGC licence. The UKGC are one of the stricter gambling authorities, and regulations around anti-money laundering policies may mean that bitcoin casinos can’t quite meet the required standards for them to operate within the UK.
he anti-money laundering procedures in place presents an inherent problem in the sense that players would need to prove their identity, which is kind of against what the anonymity of crypto is all about.
Paypal is a company that has recently entered the cryptocurrency market. This could possibly be a way forward for UK Bitcoin Casinos, as PayPal casinos are widely available in UK at present.
Does this mean that players will be able to actually play with crypto with PayPal acting as a wallet or an exchange? Or will the funds be converted to fiat currency first? Who knows.
One thing is certain though, Bitcoin and other cryptocurrencies aren’t currently featured very heavily, if at all in the UK Market, and with stricter regulations all the time its entirely plausible that it crypto gambling never gain traction here.
Technically speaking there’s no such thing as a Legal or Illegal Crypto Casino, because Bitcoin is not regulated by any government, but they’re still licensed and regulated by the gambling commission that they operate in.
The subject of Bitcoin and other Cryptocurrencies within the casino world gets a little complicated as you look around the world.
We know that in the UK that strict Gambling Regulation is currently preventing the advancement of Crypto in online casinos, but what about the rest of the world?
The United States is another place where using crypto on an online casino is a little bit of a grey area. Laws vary by states within the US, and Bitcoin is still highly disregarded.
Tax issues start to arise, as the currency is classed as a commodity. It can be used, but it varies depending on where you are, and you may have to pay tax on winnings.
The Malta Gaming Authority on the other hand actually launched a sandbox framework initiative, which was aimed at exploring how cryptocurrency assets can be used in Online Casinos.
Places like Bitstarz Casino caters to a wide variety of players from around the globe, with the exception of the UK, Jersey, Gibraltar, Spain, France, Netherlands, Sweden, Israel, Lithuania, Slovakia, Dutch West Indies or Curacao.
You can bet that casinos that accept Bitcoin as one of their payment options are home to some of your favourite and most recognisable slot games! Sometimes with an even better variety of games with an RTP far exceeding that available at a regular casino.
The Best Bitcoin games are in essence, pretty much the same as regular online slot games with a wide range of games. When playing on Bitcoin slots, players will get a similar experience to what they’d get with regular casinos. There are some exclusions however, not every provider supports cryptocurrency.
When looking for a game on sites like Bitstarz, players can see a BTC Game section which out lines all of the games that you can play using BTC. all of the BTC slot games can be checked to see if their provably fair.
A Bitcoin Casino is a place where players can game with bitcoin and enjoy the best of what reputable and recognisable providers have to offer, as well as offering like fruit slots, bitcoin roulette, dealer games like bitcoin blackjack, live casino games and other great table games.
Live Casino games belong in both in a bitcoin casino and a regular casino. Live Casino is such an important part of a casino for so many players, so they aren’t just exclusive to a bitcoin casino.
It obviously will vary by site, just like regular casino sites do, so make sure that the selection of games that you want are available prior to signing up.
Bitcoin casino games have just as much to offer as regular casino games, if not more. As mentioned, casinos will often state if they have BTC Games, or they’ll state in their FAQ’s or terms and conditions which games aren’t available to play with BTC.
Some notable examples of popular games that are available to play at BTC casinos are:
A wide variety of games that are available at conventional Casinos also make an appearance in the world of Bitcoin Casinos.
Bitcoin Roulette and Bitcoin Blackjack may sound like exclusive Bitcoin orientated versions of your favourite lives games, but often these are just your regular evolution gaming instalments that you may find on normal casinos, like Lightning Roulette
Cryptocurrency is a little different from your regular payment option.
First of all, players need to be registered on one of the many cryptocurrency exchanges available, such as Coinbase.
A cryptocurrency exchange is a place to buy and sell Bitcoin, Bitcoin cash, Litecoin, Ethereum and many other Cryptocurrencies.
Before you start playing, you’ll need to make a deposit. There are a number of ways to do this.
This address is where the bitcoin will end up, but Bitcoin, Bitcoin Cash and just about any cryptocurrency is a lot less forgiving thank bank transfers.
Due to the anonymity around crypto, sending bitcoin to the wrong place may mean funds are lost forever, so ensure the wallet address is absolutely correct.
Making a deposit to a Bitcoin Casino is actually pretty simple.
It’s easy to say ‘Deposit from a Wallet’ and ‘Deposit from an exchange’, but what does this actually mean? and are there other options available?
So you want to withdraw your BTC? Thankfully, deposits and withdrawals aren’t too different when using a Bitcoin online casino.
Just like regular a regular casino, you can select payment methods to use to deposit and withdraw, with the vast majority of bitcoin casinos offering you the choice of payment method, which can be regular fiat currency or cryptocurrency.
When withdrawing funds from your selected casino, once again be careful regarding your wallet address. With a conventional payment method, the funds will usually go back to the same account that you deposited with, and the same simplicity may be said for bitcoin.
The online casino may require you to enter a wallet address for the return of funds, so this is where you need to be careful to input the right wallet address. As mentioned, Bitcoin sent to the wrong address may be lost forever, so its a pretty important detail to note when using this payment option.
Your chosen payment method may not be exclusive to Bitcoin either, some Casinos accept many other forms of cryptocurrency as a payment option too.
Payment methods when using a bitcoin casino aren’t just exclusive to Bitcoin, despite the advertisement as a ‘Bitcoin casino’
Players may well find that an overwhelming majority of them accept cryptocurrencies other than Bitcoin.
Check the specific casino for which payment methods they support, but players will generally find support for BTC, as well as LTC, BCH & ETH too.
One of the first thing to look at before you sign up and deposit on a crypto site is the reviews.
Not everybody is an avid gambler, and untoward sites or fake games might be harder for some players to spot. A bitcoin casino may pretend to be provably fair, but what if you don’t know how to check if they’re provably fair?
Research is paramount when you’re looking for the best bitcoin casinos, and player reviews will be an important part on your decision on whether or not a site is legitimate.
Lack of customer service is also a red flag when you’re looking for the best bitcoin casinos. One of the most important parts of any business model, including a bitcoin casino, is the support available to you, the players.
Support should be both easy to obtain, and professional. If you look at a bitcoin casino and find that the support is neither of these things, then it’s probably best to avoid it altogether. If a bitcoin casino claims to offer support via email online then this could be a sign that you should not deposit on that site.
Payment methods even on a Bitcoin casino should be recognisable to you, as most offer an option for fiat currency too, and the site should be SSL encrypted. If payment methods look a bit strange, or if the withdrawal times are slow this could also be a red flag. The whole point of Bitcoin is fast and easy transactions after all, and the best bitcoin casinos will generally offer withdrawals within at least 24 hours, if not instantly.
Games are another thing for players to pay close attention to. If something doesn’t look quite right with the games on the site, or if the games aren’t recognisable instalments from reputable providers then it could be a hoax.
Some people as mentioned, may not be well versed in games offered by providers, or even who the providers who make their favourite games are. If you’re unsure about any of the games, its best to make sure by reading the reviews, or just generally staying away.
As a final point, you should check that the bitcoin casinos that you’re looking at are licensed and regulated. Licensed and regulated casinos are a good sign of a reputable site, so players can rest easy if they see the relevant badges from reputable authorities.
We’ve covered briefly earlier on what sort of first casino bonus offers, Free Spins and welcome bonus offers are available at Bitcoin Casinos.
What makes these Bitcoin casino bonus offers infinitely more generous than regular online casinos? Could it be to attract more people into the world of cryptocurrency? Very possible.
There is still a divisive line between people who believe in cryptocurrency, people who don’t, and the potential players in the middle who aren’t that clued up on it…yet.
These in the middle are potential future customers for bitcoin casinos, and with the advancement of cryptocurrency, as well as its integration into society, it’s not inconceivable to think that Bitcoin and other cryptocurrencies will have a more prominent role in every day life as time goes on, including within the Casino World.
Bitcoin Casino bonuses vary greatly in what they can offer, but they almost always have a lot more value.
At the time of writing this, the deposit bonus for various Bitcoin casinos are as follows:
If you’re clued up on Bitcoin and what it’s worth, then you’ll recognise straight away that these offers far exceed those available at conventional casinos.
You’d certainly get a lot of value, and enough in bonus funds to play all of your favourite game and then some with these kinds of offers. Free Spins will undoubtedly feature casino games that you’ve heard of before, with games from reputable providers like Pragmatic Play, NoLimit City and many more.
Bitcoin is becoming increasingly involved in society, and the anonymity, data security, safety and low fees that come with it make Bitcoin an increasingly attractive prospect, especially for those who want to play at a Casino but can’t choose between your conventional casino or and a bitcoin Casino.
Players who decide to game on a bitcoin casino may have done so because it’s hard to ignore the attractive deposit bonus and 1 BTC match offers that come with them, all of which seem to outclass normal offers by a mile.
Many questions still surround Bitcoin Casinos, will regulations get in the way of you playing your favourite game with bitcoin? Can it even get in the way of playing your favourite game with Bitcoin? It does in the UK. As mentioned, strict regulation regarding anti-money laundering regulation means that Bitcoin Casinos are pretty much non existent in Great Britain, and they possibly always will be.
Some widely consider Crypto the future of online games. The gaming industry is rapidly evolving, and as such, we can say with some level of certainty that this means that the modern marvel that is Bitcoin will have an integral and substantial impact in the future of online gaming.
Some of the barriers that are in the way when you use traditional currency are completely non existent when you start playing with crypto instead. Things like costs and expenses that come with traditional methods for instance.
All things considered, it certainly seams like people who start playing with bitcoin instead of traditional fiat currency see a level of reward through value that is impossible to comprehend if you’re used to regular casinos.
Even loyalty bonus programmes can see you reaping rewards through points transformed to BTC itself. Free Spins on the casino games seem to hold more value than traditional casinos too, with bonus offers that offer a huge amount of spins that will often span over many days.
Free Spins, Bitcoin Casino games and bonus offers aside, Bitcoin will undoubtedly have a significant impact on the industry, especially with the way its growing and the adoption of it from large corporations.
Could Bitcoin be the start of a new era for online gaming? Will the ability to play with Bitcoin in the future become a thing even more common than the ability to play with traditional fiat currency itself?
Time will tell, but all of the advancements in technology seem to suggest that this part of the industry will only continue to grow.
The purpose of this article is to be informative to the best of our ability on Crypto casinos, what they have to offer and their differences to conventional casinos.
We don’t believe that anyone should take this article as an advertisement for Crypto casinos, and why you should make the switch. With the good must come the bad, and in this case the bad is a growing problem that seems to have been formed by casino and Streamer alike.
Bitcoin Casinos have come under a fair amount of scrutiny of late because of what can only be described as a plague of fake, dishonest and reprehensible streamers.
On the face of things, when you look at a Bitcoin Casino and see what’s on offer everything looks great, but some of these Casinos have many masks, and beneath the facade lies shady marketing tactics which fuels a plethora of dishonesty that only seems to be getting worse.
Fake Casino Streamers are often easily recognised by a savvy viewer, you need only look at the Casino and the unrealistic stakes to see that something doesn’t quite add up.
Unfortunately, too many are blind to the deception of the Casino promoting this kind of distasteful behaviour, and as a result many legitimate streamers suffer when they’re branded with the same Iron as those with a singular goal to deceive.
Crypto Casinos are doing themselves more harm than good by nurturing this king of behaviour from illegitimate streamers. These tactics have almost single-handedly wrote off the concept of crypto casinos for many who now see them only as shadowed and devious gaming hubs.
Some of these Streamers and the Casinos that encourage and ‘fund’ this behaviour with fake and non-withdrawable funds have given Crypto Casinos a ‘Casino Dark Web’ persona.
People who care about the Casino Industry should stand against this kind of behaviour, but sometimes it’s harder for an untrained eye to spot where it’s actually happening.
As deplorable as the Streamers are, we’re here to talk about the Casinos.
Plenty of legitimate Casinos have made names for themselves with honest integrity and steadfast values, and they’ve done well for themselves in the process.
Crypto Casinos are ruining any chance of promise by pandering and encouraging these kinds of tactics. Lack of exposure to Crypto Currency and reluctance to adopt it could be a big factor in why Casinos resort to marketing like this, but in doing so they could have inadvertently herded people into the safe and regulated arms of reputable conventional Casinos in the process.
Written by Mark Bowley
Casino and Slots enthusiast. Keeping everyone up to date with all the latest slot releases and casino news.
Last modified: May 4, 2021