Are Bitcoin Casinos Legit?
A common question surrounding Bitcoin casino sites is, are they safe? Yes! Bitcoin is a highly licensed and regulated currency. You can use Bitcoin to play many different gambling games and convert your bitcoin cash into real cash prizes on a casino site. There are a variety of games on bitcoin gambling sites that are actually more fun using bitcoin gambling.
With Bitcoin, you can make deposits, gamble and withdraw money on a casino site. It can actually improve your casino experience due to its versatility.
These days, there are no real reasons to be afraid to use Bitcoin to gamble online. We know that Bitcoin casino sites are totally safe. Bitcoin is a well-established, reputable company at this point in 2020.
Firstly, they use advanced security and privacy setting to keep users and transactions safe, secure and private. Bitcoin is traded internationally in the stock market by millions of people.
You can be confident that these casinos use the same security measures. For online casinos, they have to keep your online cash deposits secure as well. It's the same process for Bitcoin.
All the sites listed below are well-vetted for all kinds of online gambling.
Do Casinos Take Bitcoin?
The short answer is yes. Many casinos, especially online gambling sites, take Bitcoin as a valid form of payment for a deposit and place a bet. But which casinos accept crypto gambling?
There are many reputable and trustworthy online BTC casino websites where you can join and start placing your bets on classic games like slots and live casino games.
This article will help you find specific websites and gambling games where you can play online using a Bitcoin deposit. Even better, it will guide you to use Bitcoin's advantages and bonuses when playing certain games. A variety of games are even more fun using a bitcoin gambling site.
There are some online casinos that accept BTC and other cryptocurrencies simply due to its rising popularity, but not necessarily because it's integral to the gambling experience. The main categories of casino games can also be crypto games.
Best Bitcoin Gambling Sites in India
- Cloud Bet
- Bit Starz
Games on the Best Bitcoin Casino Sites
The best games for using Bitcoin to place bets at a crypto casino are live ones. Here we'll describe the gist of them and why they're the best bitcoin casino choice for both experienced gamblers and new players so you can make sure you're making the right choice for you.
Live Casino Games
For classic casino lovers who would like a similar experience to the live casino games, Live Casino offers games that are perfect for those that love dealer games. Dealer games are a satisfying substitute because of their streaming feature. These games are hosted by a Live Dealer and streamed HD to the website hosting the game. It is also a great version of crypto gambling sites alternative that accommodates for social distancing and still uses the classic aspects of dealer games.
A few common dealer games that are live-streamed in online casinos are Live Roulette, Texas Hold'Em, Live Sic Bo and Live Blackjack. Thankfully live casino games are able to be played on mobile or desktop, and there are also many others to choose from. Additionally, they are available in multiple languages, levels and themes for total customization of each feature.
The great thing about using Bitcoin gambling sites is their versatility and compatibility with a variety of games. Provided that the casino will accept cryptocurrency, any kind of slot games can be played with BTC. Its rising popularity comes with this convenient advantage on crypto gambling sites.
At times you will come across games that only accept Bitcoin or other cryptocurrencies, like ETH, TRX, XRP or LTC. Edgeless and Funfair are two hosts that have crypto games like these and the casino experience comes close to the real thing.
If you would like to give gambling on casino sites with Bitcoin a try, check out the popular games. Some of these games include Starburst, Jumanji, Immortal Romance, Book of the Dead, Gonzo's Quest and more, all of which all accept the currency.
Signup Bonuses and Free Spins
In an attempt to promote using cryptocurrency, some new casino sites feature a welcome bonus to use their games with Bitcoin. Be certain that you check the terms of these offers though.
BTC promotions and VIP Program
Read the 'terms and conditions' page before committing to any crypto gambling, or any online gambling sites that offer promising free spins, deposit bonuses, casino offers, a first deposit bonus, a welcome bonus, 200 free spins, etc. You should also make sure the crypto casinos you are using are licensed and regulated.
As always, if casino sites promised something, like a promotional free spin, and you don't receive it, contact the customer support team. Use screenshots and receipts of your crypto exchange, bitcoin transactions, deposits and withdrawals as well as promised signup bonus terms.
You can also look for a VIP program that rewards you for using Bitcoin to play on gambling sites.
How Do You Gamble With Bitcoin?
It's just as easy to make a deposit with Bitcoin as it is with cash on classic online casino games. First, you chose your wallet, then you get coins. Make sure you use a trusted online wallet with an established customer support team like Coinbase and are using trusted casino sites.
Using "Coinbase" As a Wallet
In my opinion, Coinbase is the best app and website to open a wallet with cryptocurrency. It is a well-known, licensed and regulated app. It is similar to an app that you would use to purchase a stock. Bitcoin, in a sense, is similar to a stock purchase as well.
Coinbase also offers different payment options than just your bank routing and account number. You can connect your PayPal or your bank using your routing and account number, or just your bank login credentials as long as it's not an obscure, small bank. Then you can get to making deposits and withdrawals with a similar setup to PayPal or Venmo. It is basically a cash-holding app, but for Bitcoin. The main difference is that the stock market will now influence the value of the Bitcoin in this virtual wallet.
The casino's address of the BTC wallet is needed to make a deposit there. First, you enter your own wallet, deposit your desired amount of coins, then the casino's wallet address which is one of the most convenient forms of payment methods. After this, you confirm these details and await the account deposit. Coinbase makes this process a lot easier.
Get to playing how you normally do! Personally, it is more fun for us to gamble using Bitcoin knowing that we can use our winnings to trade on the Coinbase app. We can then exponentially increase our gains even more before converting our coins into cash for our bank accounts.
The same process for depositing is used for withdrawing, except you use the 'cashier' section. Open this tab and enter your personal BTC wallet address with the desired withdrawal amount. Then, you'll have it back in your Coinbase wallet and you can resume trading within the app or website or choose to deposit it back into your bank account.
The most time you can possibly wait for your coins to reach your account is one to two days. We suggest checking the fine print on each website you're using to gamble if you are a particularly antsy person or you need your money by a certain time. We suggest searching for casinos that have no pending period.
Other Types of Cryptocurrency
This article focuses mostly on bitcoin gambling and the best bitcoin casinos, but most online gambling sites that accept a BTC deposit can also accept other cryptocurrencies as acceptable payment methods. This is an advantage because depending on the market and value of each of these cryptocurrencies, it may be more prudent to use one cryptocurrency over the other.
All cryptocurrency is based on blockchain technology, but due to the volatility of digital currencies, each one has its own advantages that are unique.
The following currencies listed are just the most popular cryptocurrencies discoverable across the leading Bitcoin casinos. There are many more, however, and some are even specialty niche cryptos. In relation to Bitcoin, they are all perfectly suitable alternatives. I also recommend watching the market for which one has the highest value.
There are many ways you can acquire the ethereal coins. You may mine them on your own, trade Bitcoins for ETH, purchase them on related platforms with standard fiat currencies or simply obtain them from another person who does have some.
Ethereum and Bitcoin are similar in many ways, except to carry out an operation on the network, it was developed as a payment mechanism. This is why the entire system operates on Smart Contracts.
As it features tokens that represent fiat as well as digital currencies, Ripple is an interesting version. It operates similar to a ledger, as it utilizes its own feature of native XRP cryptocurrency.
These transactions are done extremely rapidly and are very cost-conscious. In reality, that's the idea the creators had in mind to make value shift like data: fast and online.
You may buy it, either with fiat currency or with other tokens, in similar ways. It is far more accessible than Bitcoin, but then, the first-ever cryptocurrency is not as famous and usable.
TRON is a popular cryptocurrency because it's one of the speediest available. Per-minute, it’s capable of handling equal to 2,000 transactions, while Bitcoin’s best is three to six per minute. Tron was created to boost faults found in its predecessors.
Get Gambling with Bitcoin
Now you know the most commonly asked questions about bitcoin casinos and which online gambling sites to use for the best user experience. The thing that makes crypto so great is that not only can you gamble with great casino games, but you can multiply your winnings by using the power of Bitcoin. This might vary depending on its value in the international stock market at the time of purchase. Get to gaming!
Bitcoin Casino FAQ
As we're close to the end of our Bitcoin casino India guide we'd like to end the guide with some frequently asked questions about Bitcoin gambling in India, just below this paragraph.
A Bitcoin casino is an internet gambling operator that accept deposits in BTC. In all other ways, they are identical to regular online casinos.
Yes. Most BTC sites also accept other cryptocurrencies such as Ethereum and Ripple.
Provably fair is an algorithm which players can use to verify the fairness of casino games online. This is used on many Bitcoin casino sites to be transparent about the games RTP and payout percentages.