Bitcoin is defined as a cryptocurrency and as such, it provides users with a lot of freedom as to when and where they can make payments via Bitcoin. Bitcoin is not recognised as a legal payment method in any country, which in fact, can be its biggest advantage. Basically, you do not process transactions with real money and no bank approval is needed for the transaction to complete. Using Bitcoin as a casino currency is absolutely possible although Bitcoin currently does not meet any definitions, regarding currencies.
The 5 Best Bitcoin Casinos Around #1 – Bitstarz. Bitstarz is undoubtedly the most popular Bitcoin casino out there. The casino is provably fair and regulated by the Curacao government. It offers around more than 2,000 high quality games, however it does not offer a sportsbook feature (where you can bet on popular sporting events). Mbit is a licensed online Bitcoin casino that offers players over 2,000 games including the traditional casino games. The platform was launched in 2014 and is powered by CoinGaming.io, a white-label Bitcoin casino solution which operates legally in Curacao. Another important thing related to licensing of bitcoin casinos is that the casinos operate from such countries where having license is just the name of paying license fee and having the certificate. So, it is a good idea to research about the casino before investing your money.
Bitcoin is not regulated by a bank institution or a country authority. For the time being, the legislative matters are in limbo and therefore, there is a lot of room for speculations.
Online casino operators often encounter difficulties when it comes to providing their customers with the chance to use the cryptocurrency as a deposit method.
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Yet, operators can still offer Bitcoin without breaching the laws. There are no specific requirements regarding the licensed use of Bitcoin, but there are some guidelines, outlined below:
- Bitcoin is neither legal, not prohibited online casino payment method.
- Although more and more authorities start changing their attitude towards the cryptocurrency and accept the benefits it brings, most governments are still unlikely to regard Bitcoin as a real currency.
- In some countries, known for having harsh laws towards online gambling, authorities make efforts for preventing players from placing a wager via Bitcoin, there is not a piece of legislation that casts light on the matter.
- Bitcoin ensures a complete anonymity for players, which makes it impossible for authorities to figure out whether a player is located in a jurisdiction where online gambling is prohibited.
- Some reputable gambling jurisdictions, including Curacao and Isle of Man, have already issued licenses to casinos that accept payments via BitCoin. Upon issuing a license, the licensing authority takes the responsibility of monitoring the operation of the websites it was issues a license to. In this respect, casinos that accept BitCoin and adhere to the regulations set by their gambling jurisdiction, are legal by definition.
Is it necessary for a Bitcoin casino to obtain a gambling license?
An online casino is required to apply for a gambling license in order to be legally allowed to process payments and use the gaming content of the biggest software providers. When payments are made via Bitcoin, that makes the involvement of a third party (bank institution) unnecessary. The amount a player would like to deposit/ withdraw is immediately transferred between the player and the casino wallet. In other words, the casino does not need to present a gambling license.
Casino players who decide to use Bitcoin as a deposit/withdrawal method have to make sure the online casino they have an account with is a reputable one and it has undergone an audit from an independent testing agency. From this perspective, a casino that holds a license from a respected jurisdiction becomes a powerful marketing tool and players are more confident when it comes to creating an account and depositing funds.
Since there is not a legislative framework outlining the rules and regulations related to Bitcoins, it should be assumed that wagering with the cryptocurrency is the same as wagering with any other government- accepted currency. In case the online casino accepts your local currency, it means it would not be illegal to deposit via Bitcoins.
Is casino gambling with Bitcoins prosecuted?
In most cases, individual players are not prosecuted for depositing funds via Bitcoin. Authorities’ aim is to make operators discontinue accepting Bitcoin as a payment method and as a result, they often conduct crackdowns on them instead of fining their clients.
However, some companies that have the right to provide gambling services on a global scale argue that they do not have to adhere to the laws of each country they have servers at, but only to the laws, established by the authorities that have issued them a license.
Welcome to CrispyGamer where we have reviewed the best Bitcoin gambling sites. These are online casinos where you are able to deposit using the cryptocurrency Bitcoin (BTC). All our listed Bitcoin casinos have gone through thorough reviewing to ensure that they are legally licensed, 100% safe and secure to play on.
This page was updated on: January 13th, 2020| Bitcoin Casino | Casino Bonus | Wagering Requirements | Important Info | Rating |
|---|---|---|---|---|
| Claim a 100% casino bonus up to 1BTC on your first deposit. Your second deposit gives you 50% up to 1BTC. | 35 times |
| Bitcasino Review | |
| Choose between 100% up to 40mBTC + 100 free spins on Princess of Sky using bonus code 'LOKI100' or a 50% highroller bonus up to 400mBTC using bonus code 'LOKIHR' | 50 times |
| ||
| 20 No Deposit Free Spins on Fruit Zen or Boomanji.20 No Deposit Free Spins upon signup. Claim a 100% up to 1BTC casino bonus + 180 Free Spins on Boomanji, Fruit Zen or Starburst on you r first deposit | 40 times |
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This page was updated on: January 13th, 2020
| Bitcoin Casino | Casino Bonus | Wagering Requirements | Important Info | Rating |
|---|---|---|---|---|
| Claim a 100% casino bonus up to 1BTC on your first deposit. Your second deposit gives you 50% up to 1BTC. | 35 times |
| Bitcasino Review | |
| Choose between 100% up to 40mBTC + 100 free spins on Princess of Sky using bonus code 'LOKI100' or a 50% highroller bonus up to 400mBTC using bonus code 'LOKIHR' | 50 times |
| ||
| 20 No Deposit Free Spins on Fruit Zen or Boomanji.20 No Deposit Free Spins upon signup. Claim a 100% up to 1BTC casino bonus + 180 Free Spins on Boomanji, Fruit Zen or Starburst on you r first deposit | 40 times |
|
Online Casinos that offer Bitcoin as a deposit method
In this list we’ve included all online casinos that offer Bitcoin as a deposit method. These are not pure Bitcoin Casinos, they merely offer the option to deposit using Bitcoins. If you deposit Bitcoins, they will automatically be exchanged to the main currency of your casino account.
It’s important to note that these online casinos does not offer Bitcoin withdrawals. When you want to withdraw your winnings you have to use one of the online casino’s standard withdrawal methods.
This page was updated on: January 13th, 2020| Online Casino | Casino Bonus | Wagering Requirements | Rating | |
|---|---|---|---|---|
| 11 Free Spins on Signup + 50% up to £499 + 100 extra spins on Starburst, Joker Pro, Wild Wild West or Finn & the Swirly Spin50% up to $499 + 100 free spins on Starburst, Joker Pro, Wild Wild West or Finn & the Swirly Spin50% up to €499 + 100 free spins on Starburst, Joker Pro, Wild Wild West or Finn & the Swirly Spin | 40 times | |||
2 | 20 Free Spins on Starburst upon registration + 100% up to £$€150 + 50 extra Free Spins on your first deposit | 25 times | Slotsmagic Review | |
| 22 No Deposit Spins + 100% up to £222$222€222 | 40 times | Yako Casino Review | ||
4 | 70 Free Spins on Rainbow Riches when you make your first deposit | 0 times | PlayOJO Review |
This page was updated on: January 13th, 2020
| Online Casino | Casino Bonus | Wagering Requirements | Rating | |
|---|---|---|---|---|
| 11 Free Spins on Signup + 50% up to £499 + 100 extra spins on Starburst, Joker Pro, Wild Wild West or Finn & the Swirly Spin50% up to $499 + 100 free spins on Starburst, Joker Pro, Wild Wild West or Finn & the Swirly Spin50% up to €499 + 100 free spins on Starburst, Joker Pro, Wild Wild West or Finn & the Swirly Spin | 40 times | |||
2 | 20 Free Spins on Starburst upon registration + 100% up to £$€150 + 50 extra Free Spins on your first deposit | 25 times | Slotsmagic Review | |
| 22 No Deposit Spins + 100% up to £222$222€222 | 40 times | Yako Casino Review | ||
4 | 70 Free Spins on Rainbow Riches when you make your first deposit | 0 times | PlayOJO Review |
How to deposit to a Bitcoin Casino
The way to deposit funds into a Bitcoin Casino can be done in two simple steps.
- Register an account at the online casino. If it’s a pure cryptocurrency casino, then you only have to input a username, email, date of birth (to make sure you are over 18 years) and password. No need to give them your name, address or verify your account. That’s the beauty of cryptocurrency casinos, it’s all anonymous and instant.
- Deposit BTC into your casino account. In order to deposit BTC you need to have a cryptocurrency wallet with BTC in it. Then all you have to do is to log into your online casino account and press the Deposit Button. This will give you a unique address to where you should send your Bitcoins. You can either send using the unique address or through a QR code.
How to withdraw money from a Bitcoin Casino
Withdrawing your BTC is a very simple process. All you have to do is to go to the cashier of your online casino, press the “Withdraw” button and input your personal Bitcoin address and the amount of mBTC* you want to withdraw.
mBTC* represents one thousand of a bitcoin. 1000 mBTC = 1 BTC.
How do I purchase Bitcoin?
To purchase bitcoins you need to go to a cryptocurrency exchange website. An exchange lets you deposit fiat money (Euro, USD etc) and then exchange those for Bitcoins.We personally recommend Kraken.com. They have very good rates so that you can purchase your bitcoins as cheap as possible. The negative part about Kraken is that it usually takes one week to get your account verified, and you must have your account verified in order to transfer money to your account. You can also only deposit funds via bank transfer.
A faster option is Bitpanda.com. You can verify your account instantly and they offer the option to deposit using VISA/Mastercard, Neteller, Skrill, GIROPAY / EPS and SEPA Bank transfer.
What Crypto Wallet is recommended?
There are two types of wallets; Hot Wallets and Cold Wallets.A hot wallet is a crypto wallet that is either stored online on a website or stored locally on a device connected to the Internet, such as your computer or phone. It’s never recommended to keep large sums of crypto coins on these type of wallets as they are vulnerable to hacking. One of the most popular hot wallets is Jaxx. It’s a free and open source software with a super easy to learn interface.
A cold wallet is a crypto wallet that is stored offline, for example on a USB or a paper wallet. If you have larger sums of cryptocurrency we definitely recommend you store most of it on a cold wallet. The safest cold wallet currently available is the Ledger Nano S. It’s an encrypted USB stick that you can transfer all your crypto coins. The great thing about this hardware wallet is that it can’t be hacked. Even if your computer is infected with a virus and you plug in your Nano S, it’s still impossible for a hacker to get access to your coins.
Bitcoin Online Casinos
You can also store your Bitcoins on your crypto exchange, such as Bitpanda.com or Kraken.com
Is it safe to play on Bitcoin Casinos?
If you play on a decentralized Bitcoin casino, then you are 100% safe. However, there aren’t that many decentralized Bitcoin casinos available today, and there are none which offer casino games from any of the popular casino game providers.So is it safe to play on an online casino that offers Bitcoin as currency? Well just like any business, it depends on the integrity of the casino in question. The most important thing to look after is that the casino has a valid casino license and that they have a good reputation. All Bitcoin casinos listed on our site have gone through thorough reviewing and investigating to make sure that they are safe to play on.
Are the Bitcoin Casinos listed on this page decentralized?
Can I play anonymously?
Is Bitcoin Gambling legal in the US?
Are Bitcoin Casinos Legal in United Kingdom?
Yes, the whole idea with Bitcoin casinos is that they should be able to accept players from any country, including United Kingdom. As Bitcoin gambling is growing bigger, one day we might see the best UK casino, being a Bitcoin gambling site. As a matter of fact, UK is an early adopter when it comes to online casinos using Bitcoin as currency.
