Top bitcoin casino kenya
Sadly, players from the united states, the united kingdom and various other countries aren’t allowed to play.
Best online casino offers to play real money
27 bitcoin casinos reviewed and compared
Bitcoin casinos have become more and more popular in the past few years as it allows many operators to avoid cumbersome regulations required by traditional online casinos. In this post I’ll review the top bitcoin casinos around and also explain what’s important to check before choosing a casino.
Best bitcoin casino summary
Nowadays casinos have a new solution for the issue of regulation – bitcoin. Bitcoin’s somewhat anonymous nature drove many bitcoin casinos to pop up since authorities couldn’t regulate or enforce them. This creates a very dangerous situation where people are depositing their bitcoins into sites that may not even be provably fair.
Here are the top 4 licensed bitcoins casino around:
If you want a detailed review of 25+ bitcoin casinos and important things to look out for when choosing a casino keep on reading. Here’s what I’ll cover:
1. The 6 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).
Bitstarz also accepts multiple currencies and isn’t limited only to cryptos. Deposits can be made via mastercard, skrill, neteller, bitcoin, litecoin, bitcoin cash, ethereum, dogecoin and various other methods making it highly accessible to worldwide users, even those who don’t own bitcoin.
Support is available through social media, online chat and email. It’s also probably the most appealing casino out there in terms of design.
What really caught my eye about bitstarz is the fact that they respond to user complaints even via reddit, which shows they care about their customer experience and are willing to step up when needed. Read my full bitstarz review here.
Note: recently bitstarz started a promotion of giving a 150% deposit bonus to 99bitcoins readers (use the link below to get the deposit bonus).
#2 – 7bit casino
7bit casino features some of the more generous signup bonuses. New players are eligible for bonuses of up to 1.5BTC and free spins. You will get a 100% bonus (up to 1.5BTC) on your first deposit or 200 free spins and 50% bonus (up to 1.25BTC) on your second and third deposit.
7bit casino’s games are provably fair. Players can play slots, jackpot games and live table games. Players from the U.S., U.K., israel, italy, france and certain other countries are restricted from gambling on 7bit casino. The casino is regulated under antillephone N.V. Players can make deposits in BTC, ETH, DOGE and LTC, as well as traditional payment methods.
#3 – fortune jack
Fortunejack, established in 2014, is probably the most trusted bitcoin casino out there. It is provably fair and regulated by the curacao government. There are over 500 games available on fortune jack. Deposits are available through several cryptocurrencies such as bitcoin, litecoin, dogecoin, dash and many more.
There is a robust support system to the website in the form on online ticketing, online chat and several social channels as well. It currently is one of the most visited bitcoin casinos available today.
All new players, who verified their account are eligible to receive either fortunejack’s first deposit 20% cashback or first deposit bonus 110% up to 1.5 BTC upon their choice. This means, if you make your first deposit, fortune jack will give you guaranteed 20% cashback on your losses for the first 24 hours.
#4 – cloudbet
Cloudbet, established in 2015, is licensed by E-gambling montenegro. The site offers an online casino with bitcoin slots, roulette, blackjack and baccarat. There’s also a live casino that offers an authentic, real-life experience with a great feature enabling you to be seated immediately (no waiting required).
The site also offers live sports betting including all major leagues like the EPL, the champions league, NFL, NBA and NHL as well UFC, boxing, darts and tennis.
All bitcoin player deposits are received directly into cold storage with keys that are kept safely offline and away from potential online threats. Cloudbet maintains an online hot wallet with enough funds to process player withdrawals each day, so that player withdrawals are processed quickly. Cloudbet also launched ethereum betting, so you can deposit and play with ETH as well from now on. Beyond BTC and ETH, you can also deposit, withdraw and bet with USDT on cloudbet.
Cloudbet offers a 100% deposit bonus up to 5 bitcoins and 100% welcome bonus up to 5 ETH.
Note: recently cloudbet started a promotion of giving 50 free spins to 99bitcoins readers (use the link below to get your free spins).
#5 – stake
Stake offers a good variety of games, a 24/7 live chat support and anonymity. The casino is provably fair and it is regulated by the curaçao egaming authority, under the curaçao government. The casino is not available for players from the US, australia, curaçao and the czech republic
The casino accepts deposits in BTC, ETH, LTC, BCH, XRP, TRX, EOS and doge. Stake also offers a starting balance and free money by email to their users, as well as a faucet. They also run daily challenges and weekly prize pools, while you are rewarded for your loyalty at stake. The casino offers a super low house edge (average 1%, depends on the game) on a wide selection of games.
#6 – mbit
Mbit, established in early 2014, is a curacao regulated casino that puts an emphasis on anonymous betting. The casino offers a variety of games, including live dealers. You get a 110% deposit bonus when you deposit, however deposits are only available via cryptocurrency . In the current promotion, you get 300 free spins when you sign up.
There are 2000+ games on mbit casino and online support is available as well in the form of a chatroom.
#7 – bitcasino
Bitcasino is one of the oldest bitcoin casinos around. It started out in 2014 and is currently supplying over 2300 types of casino games. The casino is regulated by the government of curacao, however it is not provably fair.
What makes bitcasino better than crypto games is its wide variety of games (including live casino games), and the fact that it supplies new players with bonuses for each deposit into your casino account. This is basically a way to get people to deposit money sooner. Bitcasino supports various currencies including bitcoin, ethereum, litecoin, tron, as well as japanese yen and indian rupee, just to name a few.
In addition to loyalty rewards, bitcasino also offers other promotions and bonuses every week.
2. Bitcoin casinos that accept US players
Many online casinos are blocked for US residents, which makes finding one that accepts players from the US pretty hard. The list below shows bitcoin casinos that accept US players. Note that only ‘bitcoin only’ casinos (i.E. Fiat deposits not accepted) accept players from the US.
The following bitcoin casinos are available for US players:
3. Questions to ask before choosing a bitcoin casino
1. Is the casino provably fair?
Whenever you play at a casino (physical or virtual one) there’s always the option that the house may be cheating. Of course with the more respected casinos this is rarely the case, but if you go to a somewhat unknown bitcoin casino site, how can you know that you are getting the winning odds you’re supposed to get?
A trustworthy bitcoin casino will know that their “house edge” is enough to make a profit and therefore will want to prove to their players that they are not manipulating any results. They do this through a mathematical algorithm involving cryptography (read the detailed explanation here).
Bottom line, a provably fair casino will show you how to check that the results of the game you play are completely random. Here’s an example from bitstarz. If a casino can’t supply this proof or isn’t provably fair I suggest betting with caution.
2. Is the casino licensed and regulated (and by whom)?
In the same way you want to make sure the casino is provably fair you also want to make sure the casino is licensed and regulated. This will be another step towards validating the trustworthiness of any casino. Most licensed sites will have a link to their licensing certificate somewhere around the lower part of their home page (i.E. The footer).
Having said that, in order to assure that the licensing of a specific website is actually worth anything, it’s important to see where it was licensed. For example, a bitcoin casino licensed and regulated under the UK gambling commission is much more trustworthy than a bitcoin casino licensed under the curacao egaming license.
What license and regulation means basically is that if you find out a casino is cheating you from your money you can complain to the registrar to take action against them. If the registrar has no real power, or just doesn’t care they will not do anything to pursue your complaint. Unfortunately, most of the bitcoin casinos nowadays are regulated under the curacao egaming license and do not supply adequate protection for their customers.
3. What are the casino’s payment terms?
Each casino has its own payment terms. These include:
- Minimum payouts
- Accepted payment methods and currencies
- Fees for withdraws and deposits
Each casino displays this information differently, some will have it on their FAQ pages while others will have a dedicated payments page with this info. You need to make sure that the casino accepts your preferred payment method and to be aware of the minimum balance to withdraw your funds.
4. Does this casino offer support?
Last but definitely not least, how well is the online support of the casino. Fortunately this can be tested very easily by opening a ticket before spending a dime at the casino. A well supported bitcoin casino will have multiple support channels such as social media, email support and an online chat with a rep ready to answer your questions right away.
This is important since if something goes wrong with your deposit, withdrawal or anything else you’ll want to talk to someone fast. My suggestion is to prefer casinos that offer the live chat option.
4. Are bitcoin casinos legal?
The legality of a bitcoin casino is determined by the rules of the country you’re playing from (and not the country you live in). The fact that the casino accepts bitcoin shouldn’t affect the legal status of a specific casino.
In the US for example, it’s legal to bet in online casinos in most countries (48 states permit some form of live gambling). However due to regulations and taxation purposes most casinos prefer no to offer the option for betting to US players.
5. 20+ additional bitcoin casinos reviewed
If you’re looking for other options other than the five casinos I’ve mentioned above there are a lot of other smaller casinos which I will go over in this section.
Here’s a list of the casinos I’ll review (in alphabetical order):
1xbit
1xbit offers a wide range of games, but only some of them are provably fair. The site offers a wide variety of slot games and other gambling opportunities. 1xbit also supports live casino gambling and sports betting. Unfortunately, many countries are restricted, including the USA, the united kingdom, most of the european union and iran.
While bitcoin is a popular payment option, this casino accepts other cryptocurrencies as well. In total, 18 cryptocurrencies are accepted, including DASH, LTC, ETH and ETC. First deposits are eligible for 100% bonuses up to 1btc. 1xbit also offers at least one new promotion per day, with many of them open to registered players. 1xbit does not appear to be regulated.
24VIP casino
24VIP casino will offer a BTC bonus of up to 275%, with a max bonus of $2750. Once registered, you will be able to play a variety of slot games, live casino, video poker and other games. Besides bitcoin, you can also make deposits and withdrawals with credit cards and other payment methods. The casino is available to play for US residents.
24VIP casino’s website does not mention provably fair and other websites suggest that the site is not provably fair. However, 24VIP casino is licensed and regulated in curacao.
Argo casino
Argo casino features apps for android, ios, windows and linux, offering plenty of flexibility. Their mobile website is especially well-regarded among patrons, meaning you can game on the go. Argo casino is licensed and regulated in curacao. However, argo casino’s games are not provably fair and some users complain of low withdrawal limits.
Argo casino accepts BTC, visa, skrill and various other payments. If you sign up, you’ll be eligible for a signup bonus of up to 200 euros worth of BTC. Unfortunately, users from the united states, united kingdom and various other countries are restricted from using argo casino.
Betchain
Betchain offers a variety of instant play games on desktop and mobile. Established as a bitcoin casino in 2013, betchain supports provably fair gambling. Games include slots, roulette, poker, craps and many more. Betchain is one of the oldest and most trusted bitcoin casinos and is regulated by antillephone N.V.
When you sign up for betchain, you can receive a 100% signup bonus of up to 1 BTC. Some welcome packages include up to 200 free spins. Unfortunately, residents of USA, spain, france, israel, australia and the netherlands cannot make real money bets on betchain.
You can make deposits into your account with BTC, DOGE, LTC, ETH, credit card and e-wallet. While there is a 24 hour withdrawal period, withdrawing from your e-wallet will usually take less than 1 hour.
Bitcoin casino
Bitcoincasino.Us offers provably fair games, instant payouts, anonymity and 24-hour customer support. Bonuses are very generous, with bitcoin casino matching up to 1BTC on your first deposit and 50% for your next two. Better yet, players are eligible for 30% daily reload bonuses and 50% bonuses on the weekend.
The casino features a variety of slot games, roulette, poker and table games. While gambling is done in BTC, bitcoin casino will accept deposits in a variety of cryptocurrencies, including LTC, DOGE and ETH. Withdrawals can also be made in a variety of coins. The site claims that both withdrawals and deposits are instant. The casino is open for players from the US as well as many other countries.
Bitcoin penguin
Bitcoin penguin offers over 400 provably fair games and accepts players from all over the world. Games include slots, video poker, blackjack, roulette, keno, minesweeper and more. Many of the games were developed by the biggest names in the industry, including betsoft, amatic and softswiss.
The website will match 100% of your first deposit, up to 0.2 BTC. Your second deposit will be eligible for a 75% match. You will also get 25 free spins when you sign up. Bitcoin penguin accepts deposits in BTC, LTC and DOGE. The casino is open for players from the US as well as many other countries.
Bovada casino
Bovada casino supports sports betting, a live casino and various e-games, including slots and blackjack. The website offers a welcome bonus of up to $3000 for casino games and $500 for sports. Bitcoin gamblers can receive a 150% match of up to $1,500 (redeemable 3 times)
Bovada casino does not list the united states as a restricted country on its website. However, some third-party websites do claim that the united states is restricted. Various other countries are also restricted. If you visit their site from a restricted country, you may be greeted with an overlay claiming that you are not eligible to play. Also, the casino is not probably fair.
Note: askgamblers.Com has blacklisted bovada casino for allegedly operating without a valid license. This means players won’t be protected if there are any problems.
Buran casino
Important – buran does not mention they support any cryptocurrency, but other websites claim they support BTC.
Based out of cyprus, buran casino is regulated under antillephone N.V. Buran casino offers a 100% match up to 500 euros with 200 free spins. Once registered, you’ll be able to play a wide variety of slot and digital games, such as roulette and blackjack. There are also card and live games.
Sadly, players from the united states, the united kingdom and various other countries aren’t allowed to play. While their website does not provide any information regarding provably fair games, it does say their games have been tested for fairness by technical systems testing (TST).
Cryptowild
Cryptowild offers a variety of provably fair online gambling games, including slots, jackpot games, card games and poker games, as well as a variety of live games. In total, cryptowild supports over 1000 games. Cryptowild is regulated by antillephone N.V.
Your first deposit is matched with up to 150% (up to 1 BTC) and 150 free spins. Your second, third and fourth deposits can be matched up to 50%.
Users from the US and its territories, france, UK, spain, the netherlands and israel cannot play live money games. Deposits can be made in BTC, BCH, ETH, LTC and DOGE. In order to make withdrawals, you will have to prove your identity.
Das ist casino
If you’re looking for a casino with a generous welcome package, das ist casino is among the best. They will give you a 100% bonus of up to 1.5 BTC on your first deposit and 100 free spins. Your second and third deposits are also eligible for 100% bonuses of up to 1 BTC. Many of the games on das ist casino are provably fair. However, make sure you see a provably fair button when selecting a game, as some may not be.
Das ist casino offers slots, live dealer games, table games and jackpots. Das ist casino accepts deposits in euros, russian ruble and BTC. Unfortunately, players from the united states, united kingdom, france, australia, italy, spain, israel and the netherlands cannot play. Das ist casino claims to be “made in germany”, however it is established in curacao. It is regulated under antillephone N.V.
Konung casino
The viking-themed konung casino offers a wide range of slot, digital, live casino and other games. When you sign up for konung casino, you will be eligible for a 100% bonus up to 300 euros and 50 free spins on your deposit. Your second deposit will be eligible for a 70% bonus plus 30 free spins while you’re third deposit will be eligible for 60% and 35 free spins.
Konung casino is regulated by antillephone N.V. Players from spain, romania, israel, france, netherlands, UK and the USA can’t play for real money. From their website, it is not clear whether they’re provably fair.
Loki casino
Loki casino offers a welcome pack worth up to $1,200 euros and 100 free spins. You will be able to play slots, jackpots, table games, live casino games and more. Loki casino is licensed and regulated under antillephone N.V. And is based in curacao.
Loki casino offers a wide range of games offered by reputable software developers, including softswis microgaming, mr. Slotty and isoftbet. Many of the games are provably fair but it’s recommended to check before playing.
The casino supports payments in AUD, EUR, CAD, USD, NOK, SEK, RUB and BTC. However, there are strict withdrawal limits, including 0.4 BTC max. Unfortunately, players from various asian countries, australia, france, italy, spain, the united kingdom and the united states are restricted from playing.
Mars casino
Mars casino is provably fair. It offers over 1300 games and is home to 100,000+ players. While mars casino accepts BTC, DOGE, LTC and other cryptocurrencies, it also accepts visa and more traditional forms of payment. Fees range between 0-5%, although most cryptocurrencies are charged only a 0.5% fee.
Mars casino will match up to 100 euros of your first deposit and give you 50 free spins. Second and third deposits get a 25% bonus. Should you make 3 deposits in a day, you’ll get 25 free “martian” spins. Mars casino is owned by direx N.V. And is regulated under antillephone N.V. Unfortunately, players from the united states, united kingdom and certain other countries are restricted.
Oshi casino
Oshi casino is another antillephone N.V. Regulated online casino that accepts BTC, euros and a variety of other payments. Once registered, you’ll be able to play slot games, roulette, blackjack games and others. Some live games are also offered. Many of oshi games are provably fair and are audited by itech labs.
The welcome bonuses are very generous, especially when you use BTC. Your first deposit is eligible for a 100% match up to 1.25 BTC. Your second and third deposits are eligible for a 50% match up to 1.25 BTC. And your fourth deposit is eligible for another 100% match, again up to 1.25 BTC.
Unfortunately, players from the united states, the united kingdom and several other countries are restricted from playing.
Play amo
Like many other online casinos, play amo offers a variety of slot, blackjack, roulette, live casino and other games. Some are BTC specific. Play amo is regulated under antillephone N.V. Play amo claims that its games are provably fair.
Play amo accept BTC, BCH, ETH, DOGE and LTE, however their terms and conditions state that bonuses are not available for such players. Keep that in mind if you are using crypto currencies to gamble. Play amo does not allow americans to play, and you will likely be greeted by a “welcome” page informing you of such.
Primedice
Primedice casino offers free money via email on each coin and a free starting balance. More than that, the casino has a faucet that users can claim money from. Primedice offer a nice selection of games with a very low house edge of 1%. The casino is regulated by the curaçao egaming authority, under the curaçao government and it is provably fair.
Deposits can be made in BTC, ETH, LTC, BCH and doge. Since the casino is crypto only, it offers complete anonymity, you only need a username and email is not even mandatory. Primedice offers 24/7 live chat support. Restricted countries are the US, GB, australia, curaçao and the czech republic.
Roobet
Roobet offers a selection of provably fair casino classics. The online casino has a straight-forward design enabling users to start playing the games quickly. Roulette, crash, dice, mine and tower games are all provably fair , with every bet verifiable directly in the casino.
The list of restricted countries unable to access the casino includes the USA, the united kingdom, netherlands, germany, austria and denmark. Bitcoin and ethereum are the main deposit and payment methods. Two bonus systems operate on roobet, the first is a very small daily play bonus which is added directly to your wallet. Additionally, a small percentage of each bet is added into the ‘roojackpot’. $40+ bets are eligible to win 100% of the jackpot from roulette, dice or crash outcomes. Roobet holds a master licence of gambling services from the government of curacao, a dutch caribbean island.
Superior casino
Superior casino offers $20 free, no deposit required. Very few bitcoin casinos give bonuses without deposits. There’s also a $50 bonus for referring friends. If you do put down a deposit, you’re eligible for a 100% bonus up to $1000 for slots. You’ll also get 150% on your second deposit, up to $900. There are a variety of redeposit bonuses. Non-slot casino games are eligible for their own bonuses, up to $500 matching for the first deposit.
Superior casino now accepts bitcoin, as well as various fiat currencies. Their website does not mention whether the casino is provably fair. They are established in curacao and regulated by the local government. Players from the U.S., U.K., singapore, canada, denmark and several other countries are restricted from playing.
Zigzag 777
Zigzag 777 offers an easy to use website and an especially slick mobile site, making it easy to bet on a variety of games including slots, roulette and blackjack. Zigzag 777 claims that sign-up takes just 15 seconds. The site has also started to offer sports betting and provides a 100% match for your first bet (up to 50 euros). The site also features a welcome bonus of up to 100%, maxing out at 200 euros.
Unfortunately, residents of the united states, the united kingdom and various other countries are restricted. Zigzag 777’s games are not provably fair but the site is regulated under the jurisdiction of curacao. Further, there have been some complaints about low withdrawal limits. Zigzag 777 accepts a variety of fiat currencies as well as BTC.
5. Conclusion & A word of advice!
That’s it for my review of the best bitcoin and crypto casinos. As you’ve probably noticed, most of them offer pretty much the same games and bonuses, with few exceptions. The most important things to watch out for when choosing a casino is the fairness and the customer support they offer.
Also – remember that while gambling can be a fun way to make some money it is also addictive and should be done responsibly.
Have you had any experience with bitcoin casinos online? I’d love to hear about it in the comment section below.
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Top bitcoin casino kenya
Welcome to bitcoin. Casino, here you will learn about bitcoin gambling sites and different ways to play online casino games with fun crypto coins like BTC, BCH, BSV, LTC, ETH and other popular cryptocurrencies.
Our experienced team of bitcoin gambling experts have reviewed and compared hundreds of the top BTC casinos to create this top 10 crypto gambling site list. Read our expert casino reviews below for 2020 wagering on cryptocurrency gambling games.
Find the best bitcoin casino in 2020 and start winning real bitcoins today!
Featured crypto games: bitstarz casino | the world’s first hybrid BTC-EUR casino.
Bitstarz takes a few honors on the internet ranging from best new online casino awarded by numerous authorities in its debut year to #1 crypto hybrid casino site that accepts euros.
Play bitcoin slots, poker and blackjack games and play for luck and you just might get lucky!
Be careful when you gamble…
Gambling can be addicting and for online gambling this is probably even more such the case so always remember to wager responsibly.
Fortunejack online casino was one of the first bitcoin casinos on the web.
Fortunejack casino accepts a wide range of top cryptos including all of the cryptocurrencies that you would expect from a leading provider of crypto gambling games including ethereum, litecoin, bitcoin SV, bitcoincash and of course, the original OG bitcoins themselves (BTC).
Trusted since 1996: intertops casino red accepts BTC deposits + BCH, LTC
Intertops red casino
Intertops has been one of the pioneers among online casinos with its roots originating when it started accepting real money wagers in 1996.
Red casino intertops accepts bitcoin (BTC), bitcoincash (BCH) and litecoin (LTC) cryptocurrencies.
Intertops red casino is a popular USA-friendly crypto casino that’s been on the trusted list for 25 years and counting.
New players signing up will receive a 100% welcome bonus up to $5,555 in bitcoins.
We created this website to become the ultimate guide to bitcoin gambling and playing casino games in crypto coins.
We have a team of bitcoin casino experts in the fields of online casinos, online gambling sites and cryptocurrencies.
On bitcoin. Casino we share our BTC betting knowledge & research with you here on our site making it easy to learn how crpto casinos actually operate.
We’re different than other bitcoin gambling guides because we are very selective about which bitcoin casinos can qualify for a listing on our site.
All of the online casinos that we review are highly trusted and well-known for giving casino players fair gaming software to play paired with world class customer service.
You will only find the best bitcoin gambling sites listed on our cryptocurrency casino guide.
Our mission is to be the ultimate source of information on BTC gambling sites.
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Online casinos and bitcoins
Before playing be aware of the process for depositing and withdrawing bitcoins (BTC).
Once a person registers an account, they will be directed to a deposit page to add the bitcoins to their account.
This same page will often be where BTC is withdrawn from an account.
With traditional internet casinos you’ll usually make deposits using a credit card and cash out by requesting a wire transfer to your bank account. Theses wire transfers can take up to one week before you receive the money into your bank account.
However, with bitcoin casino sites you’ll receive your BTC within minutes up to one hour.
As a result, bitcoin gambling websites have much faster payouts than fiat online gambling sites do and many gamblers are drawn to BTC casinos and cryptocurrency betting sites for this reason.
Some BTC casino sites refer to this page as the cashier while others may call it the deposit options, withdrawals, banking options, or bitcoin payment services.
People that already know the rules for regular online casino game play should find it easy to learn how to use bitcoin gambling sites.
Be sure to read the terms and the conditions for each casino that you gamble BTC with.
Things to look for are when the bitcoin bonuses will expire and other information such as the minimum and maximum withdrawal amount.
In the bitcoin casino review section there are several things we highlight as far as terms and conditions.
We point out what things to look for and what terms might be unusual.
Our website provides players with information and resources to determine if a site is reliable or not.
You can rely on these casino reviews provided here to offer accurate details and up-to-date casino bonus codes. We stay informed with current internet casino ratings and reviews from onlinecasino.Info.
Are bitcoin casinos better than standard online casinos?
Bitcoin casinos have their share of challenges but are becoming healthy alternatives to the standard online casino with standard fiat currency. Many conventional online casinos are starting to accept bitcoins in addition to traditional fiat currency/money.
Bitcoins will make it easier to bet and collect winnings.
Many casinos will require that a person enters a credit card or other payment information to allow players to bet money and cash out. Not everyone has a credit card, but many online casino sites require the use of one. Many casinos need a credit card for game play. If a person does not have a credit card they may not get to enjoy the game-play. Casinos are developing different alternatives to collect payments while still being secure and bitcoin is quickly become the standard alternative payment option.
Bitcoin addresses security measures as well as concerns when a player decides to use other forms of payment other than a credit card.
Players that don?T have a credit card can look for a casino that allows them to use their bitcoins for making deposits.
There are several advantages to playing at bitcoin casinos.
Casinos that use bitcoins should not charge a fee for transferring funds and withdrawing money (other than the typical minimal bitcoin transaction fee). When a somebody uses a credit card or another form of payment, there is usually some fee associated with making a deposits that is significant;y higher that low BTC transaction fees. These credit card fees can add up over time.
Bitcoins have secure transactions. They are used the same way in every casino that accepts bitcoins. Cryptocurrency transactions give additional security to players since every transaction is encrypted. Players should always ensure their bitcoin wallet is secure.
Bitcoins do not involve a third party to process transactions. This helps avoid additional fees that third parties may charge and also helps improve the speed for most transactions.
When?Betting at?A bitcoin casino gamblers can enjoy confidentiality.?People can play anonymously?Without having to use their real name. They can use an alias for their account if they feel more comfortable not divulging their personal information. Casino players can still collect their winnings even if they choose not to use their real identity or name.
Bitcoin.Casino?Provides you with reviews of top rated bitcoin casinos where you can bet BTC on online casino games. We take a careful review of each casino listed here and our bitcoin casino reviews are reviews that you can trust.
Best bitcoin casinos 2020
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What is bitcoin?
Bitcoin is an online digital currency and payment system. It was created through series of mathematical algorithms that verify all bitcoin transactions through a public ledger known as the blockchain.
Unlike banks, nobody controls bitcoin and unlike governmental currencies, the supply is limited to 21 million bitcoins and not subject to intentional devaluation through monetary policy.
Bitcoin doesn’t print currency with unlimited supply like dollars or euros.
This is because people and businesses that run high speed bitcoin mining computers all around the world use software to solve complex math problems in order to verify each block on the blockchain.
Blocks are a series of bitcoin transactions that have been encrypted with an algorithmic hash that must be solved for transactions to be processed and authenticated.
Each time a block as been successfully solved a number of bitcoins are awarded to the miner that solved the equation.
Who created bitcoin, & why?
Satoshi nakamoto is rumored to be a japanese software developer however nobody knows for certain.
What is certain is that the idea for bitcoin was introduced in the now famous satoshi nakamoto bitcoin white paper :
He proposed bitcoin with the idea of being able to produce a digital currency independent of any central authority.
The idea was to be able to quickly transfer it electronically with with very low fees.
Why are bitcoins different than normal currencies?
While one can use bitcoin for buying things electronically, it also acts somewhat like like conventional currencies; these currencies are digital transactions too.
The big difference is that bitcoin is not institutionally controlled.
This means, no bank can have control of the money. Being able to manage personal money, is a major selling point for a lot of people.
Also, another big selling point that makes bitcoin different is that the currency isn’t physically printed out.
Because, nobody owns it, there isn’t a bank making their rules up as they go messing with everybody else’s money.
Bitcoin is all digital, and anybody can join. Bitcoins are mined, using computer power in a network.
What is bitcoin based on?
When you take a look at common currency, gold and silver are the bases which support paper money.
Bitcoin is different because it relies on mathematics.
Bitcoins are produced worldwide by people using software programs that follow a formula.
This mathematical formula is available for everyone to check and make sure it is always working.
How does bitcoin work?
Explaining how bitcoin works can be a little confusing, but here is a simple explanation.
Let’s say someone has just signed up with bitcoin.
This new user can get started without understanding all the technical details.
As a new user, they can install a bitcoin wallet on their computer or smartphone. Once they have installed it, their wallet will create a bitcoin address, which can be disclosed to their friends, that way they will be able to make payments or vice versa. It is pretty similar to an e-mail address.
A user can use more than one address, it is advised that a new address is utilized for every transaction.
Balances ? Blockchain
The blockchain is where all confirmed transactions are placed ? Like a bank balance. It is a shared public ledger. All of bitcoin relies upon their blockchain.
With the blockchain, bitcoin wallets calculate all their spendable balances and new transactions are verified with it too. Cryptography enforces the integrity and chronological order of the blockchain.
Bitcoin transactions ? Private keys
Transactions are transfers of value between bitcoin wallets, which are to become included in the block chain. Private keys or seeds are a secret piece of data that is used to sign transactions. Private keys provide proof mathematically that the operation comes from the actual owner of the wallet.
Private keys will also prevent any alterations of the trade to happen once issued or finished. The network usually confirms all transactions within 10 minutes ? This process is called mining.
Processing ? Mining
Bitcoin mining is a system that confirms the waiting transactions using high speed algorithms and includes them in the blockchain. It uses the chronological order in the blockchain, protects the transaction through the network, and allows computers to agree on the state of the system.
Every transaction packed in a block that fits rules that are verified by the system to be confirmed. Enforcing these rules prevents previous blocks from being modified. Mining prevents any individual from adding new blocks in the blockchain and cannot control what the blocks included in it.
What to know before you start using bitcoin
Since bitcoin is different than a traditional bank which everybody used, it naturally works quite differently.
Bitcoin and its transactions should be taken as seriously as your wallet in your pocket or purse.
Bitcoin security
As stated above, a bitcoin wallet should be secured just like, or even more than, a physical wallet.
Bitcoins can provide high levels of protection for your online portfolio when properly used.
Here is some advice on how to protect a bitcoin wallet
- Be careful online
- Only use small amounts
- Backup your wallet
- Encrypt your wallet
- Offline wallet should be used for savings
an offline wallet provides the highest level of security. When used right ? Back it up and encrypt it ? It is the best way to keep larger amounts of money. - Keep your computer software up to date
- Multi-signatures will provide extra protection
The price of bitcoin can change
Since bitcoin is relatively young, the price can go up and down unexpectedly over a short period. Always remember, because of its short life and sometimes illiquid markets, bitcoin cannot be recommended for a savings account. It always is seen as a high-risk asset, and it should never be used to keep money safe that users cannot afford to lose.
Bitcoin payments are irreversible
Another interesting fact about bitcoin is, once someone issues any transaction, it is irreversible. The transaction, however, can be refunded by the person who receives the funds.
The future is still bright and bitcoin and cryptocurrencies will be moving forward. There may be some changes for some more choices for customers and the protection for their clients.
Bitcoin gambling is not anonymous
When it comes to securing a wallet, there is some part the customer has to do with securing it.
Bitcoin is a growing public community, and all transactions are stored publicly and permanently on their network. Anybody that has access to the blockchain network can see all the balances and transactions of any bitcoin address.
Everyone should know, the identity in which the address is referring to cannot be shared until the information has to become revealed during a purchase or other circumstances.
Since more than one bitcoin address can be used; it is advised that users should use only one address per transaction.
It is the user who is responsible for protecting their bitcoin wallet and addresses at all times.
Unconfirmed transactions
When explaining this, it may get a little tricky, but hold on. Not every transaction starts out irreversible. What happens is, each transaction gets a confirmation score which states how hard it will be to reverse them. Every approval can take between 90 seconds to 10 minutes.
If the transaction has a fee attached or is typical, getting a confirmation ? The first time ? Can take a little longer
Bitcoin is still relatively new
Bitcoin is still very experimental. It is a brand new currency that is still actively under development. It will have a lot of bumps along the way, and everyone needs to expect them. With each improvement, it may bring more challenges. During each development, users may encounter increased fees slower confirmations or more server issues.
Always be smart with your money and be prepared for any problems when using bitcoin
Taxes & bitcoins (BTC)
Bitcoin isn’t an official currency. Always remember, jurisdictions still require you to pay:
- Income taxes
- Sales taxes
- Payroll taxes
- Capital gains taxes
These bitcoins have value, so all of the above meet the tax requirements.
Remember, it is bitcoin users responsibility to make sure they follow tax and other legal mandates issued by the government.
Play bitcoin casino games
Being confident that the risks won?T get in the way, here is how one would get started using bitcoin playing casino games for BTC. Play slots, roulette, dice games and blackjack online for a chance to win real BTC.
Choosing your wallet
You can decide to have either a wallet on your smartphone or your laptop/desktop or both for only online payments. Choosing which can be done in minutes.
Getting bitcoins
A user can get bitcoins by accepting them for payment, or buying them from a trustworthy individual. They can also be obtained from directly exchanging through your bank account.
Spending bitcoins
Spending bitcoins depends on the merchants or services. Many merchants and services accept bitcoins for payments. After the use of bitcoins, the user can rate their experience to help an honest business gain more reputation.
How to accept bitcoin for payments
Know as much as possible
As stated before, you should always know what you are getting into and know what you are doing. If someone is interested in using bitcoins as acceptance as currency, then they need to know exactly how receiving them for payment works. It could result in their business suffering if they didn?T know.
Processing payments
Payments and invoices can be processed by the business owner and can process payments into bitcoins or local currency.
Accounting & taxes
Bitcoin works similarly to foreign currency. Merchants should always get advice regarding tax for their jurisdiction from a qualified accountant.
Gaining visibility
A business can be submitted quickly to online directories, and the bitcoin logo can get displayed on their website.
Bitcoin is a form of digital asset that acts as a payment system; it was invented by a person only known as satoshi nakamoto in 31 october 2008.It was first intended for cryptography list before being released as open source software in 2009. Several people have tried to claim that they are satoshi nakamoto but none has yet to provide enough proof to back up their claim.
It is a peer to peer system where bitcoins transactions take place from one user to another without the use of intermediaries. All bitcoin users in the world are partial owners of the bitcoin technology; this is because regardless of software improvisation by developers, users are free to choose which software or version they will prefer to use. For users to stay compatible with each other, they should use software which complies with the same rules thus all developers and users have an incentive to protect the consensus.
Over the years, the number of individuals and businesses using bitcoins has grown exponentially. It is estimated that the value of bitcoins currently in circulation is well over US$ 2 billion. Bitcoins are usually acquired for payment of goods and services. To acquire the bitcoins, one has to purchase the from either bitcoin exchange, exchange the bitcoins with another user or earn bitcoins from competitive mining (this is the use of computers to solve complex math questions where the winner is rewarded. The present-day rates are twenty-five bitcoins for the winner). Most exchanges do not allow payment via methods like a credit card or paypal due to money reversal.
Some advantages of bitcoins for individuals include:
Mobile payments
The current dynamic of the world requires individuals to be able to pay for goods and services regardless of the time and location. For mobile payment, one has to have enough funds in their mobile wallet. The payment is done in two simple steps.It does not require signing up hence an individual just swipes his card, inputs his pin or anything that will identify him. The receiver should be able to display his QR code in his wallet application and let the sender scan his mobile or bring the two phones together (this uses NFC radio technology). Bitcoins give users total control of their money by eliminating banks, borders and bureaucracy.
Money security and control
Fraudsters are continually coming up with new ways to cone people off their hard earned money. Bitcoins has several necessary steps that should be implemented to ensure that individuals have a solid level of protection and control over their money. Bitcoins operations are secured by use of high end military grade cryptography. No individual is able to make payment in accounts that are not theirs or charge another person. Additional security is ensured by the use of the backup system and encryption. Users can increase their security by:
- Choosing a trusted wallet provider. Wallet providers have different levels of security; some wallets have recently incurred cases of breaches. Choosing a trusted, secure and insured walled does the trick.
- Use of secure passwords. Passwords are your paramount line of defense to your wallet, experts have ideally decided that people should have sixteen character long passwords that include letters, symbols, numbers and punctuation marks.
- Keep a small amount in wallets. To minimize the risk of losing a lot of money or having it stolen, one should keep only the amount he expects to use soon. The rest of the money can be kept in a bitcoin vault which is designed to be less accessible than the wallet.
- Works anytime, anywhere
The technologies used for bitcoin transaction are all compatible hence individuals have the option to use any software they prefer. It works just like emails; you can send a message to any person regardless of the site he used. Bitcoin is an international currency and its network does not take a break, even during holidays.
Reliable worldwide payments
Bitcoins are not bound by any nation?S law; sending bitcoins to another country is as easy sending them to your friend across the street. We are used to the normal regulations of banks making people wait for at least three to five business days, incurring an extra fee for international transfer or limitation to the maximum or minimum that one is allowed to send, but with bitcoins, no such regulation exists.
Choose your own fees
The available wallets let you decide how hefty a fee to pay before spending, for receivers, bitcoins come at no fee. All wallets have a set reasonable default fees but for faster confirmation of transactions, the higher the fee the better it becomes. The amount of fees paid is not directly proportional to a number of bitcoins transacted hence you can send one hundred thousand bitcoins at the same fee as of one bitcoin.
Identity protection
Other payment systems require users to link their credit cards hence being vulnerable to malicious attempts. With bitcoins, no one can collect your data or impersonate you since no credit card is required. Just like real money, the user can send money without revealing his identity. Bitcoin?S software may, however, require your information to protect your privacy.
Some disadvantages include:
Degree of acceptance
Bitcoins is still a new currency in the world and a lot of people still do not know its availability or how it is used. The amount of businesses accepting bitcoins is still small and this numbers should significantly grow for it to benefit from network effects.
Never before has this world experienced such a start-up currency, it is an exciting and interesting new venture. The overall value of bitcoins in circulation and the businesses involved is small thus small events or business activities can easily affect its price. The positive from this disadvantage is that the volatility will decrease as the bitcoin technology matures.
Ongoing developments
Bitcoin software?S are still in their initial versions of development; there are so many incomplete features currently available. New services and tools are springing up daily to make it more accessible and secure to the masses. With time, bitcoin businesses will start to offer insurance hence becoming more acceptable.
People trust bitcoins due to the fact that it requires no trust. It is a decentralized and open source hence anyone can go through the whole source code at will. Any knowledgeable developer in the world can decode how bitcoin work. Any ongoing transaction can be visibly consulted in real time by both users.
Bitcoin can be used to pay physical stores or online business just like real money. It can also be exchanged with physical forms like casascius coins. Their balances are kept in large distributed networks and cannot be altered by any mischievous person.
Bitcoin casinos?Have naturally been growing in popularity with all of the benefits afforded by bitcoin. Both online players and casino operators benefit from the low cost framework supporting the digital currency?S transactions. Some online casinos are offering generous welcome bonuses up to 5 BTC on new deposits.
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