Our guide takes you through the basics of gambling at crypto sites, and includes a list of the best Bitcoin gambling casinos online. We will then cover the advantages of using Bitcoin at online casinos, such as enhanced anonymity, fair gaming, and exclusive bonuses. Lastly, we reveal how to open a crypto wallet and turn flat currencies into BTC.
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In This Guide
New technologies can be exciting, but we know they can also be overwhelming at times, and that's particularly true when it involves money. Bitcoin and blockchain are ceratinly new, exciting, and potentially overwhelming, so we have developed this simple guide. It's a step-by-step overview of using Bitcoin to gamble at our approved crypto casinos online. Follow the guide and you will be using Bitcoin like a pro in next to no time.
The blockchain is a web of servers that split your information into millions of little bits of data. It means that your details are never held in the same place at once, making them completely safe.
Each part of the Blockchain uses separate encryption and holds your information in a network of vaults spread across multiple locations. That makes it impossible for anyone to hack into your data, making the Blockchain the most secure way possible to hold sensitive information. It's actually safer than using a bank.
Bitcoin is a virtual currency that only exists on the Blockchain. It's become one of the most valuable and sought-after commodities, as no government controls it, users set the value, not banks, it can't be hacked, and the supply is strictly limited.
Note: When we use the term 'Bitcoin' as a unit of currency, there's no requirement to buy a whole "Bitcoin" to get started.
Like Dollars and Cents, or Pounds and Pence, cryptocurrencies are subdivided into smaller values. Just decide how much of a Bitcoin you want to buy and the relevant amount is moved into your wallet by the exchange.
Bitcoin has been a real game-changing innovation for online sports bettors, casino players, and other gamblers across the globe. Because of the secure servers, players can enjoy their favourite pastime without any interference from governments, financial authorities, or banks.
Players can also move crypto funds into and out of online gambling accounts almost instantly and unlike traditional methods, little or no fees are levied. There's also a far greater potential for growth from virtual currencies compared to flat ones.
Despite the technological innovations, playing games with crypto is the same as it's always been with regular funds. Casino customers simply use the Deposit button and choose Bitcoin as their preferred payment option. Once the amount is entered, the transfer is complete and players can enjoy the games in exactly the same way.
The online gambling industry has embraced Bitcoin and quickly adapted to allow players to use crypto without any changes to the basics, such as deposit and withdrawal methods.
To deposit in Bitcoin you:
The funds are instantly available in your online casino balance, and you can now play the games using Bitcoin.
It's even easier to Withdraw!
Withdrawals can back be back in your Bitcoin wallet within 5 minutes of approval by the casino. That's a great improvement on the 3- 5 business days needed for many traditional withdrawal options, and it's down to the peer-to-peer methodology used in crypto transfers.
How Do You Pick The Best Bitcoin Casino Online? You should now hold some Bitcoin in your virtual wallet, and it’s now time to dip your ties into the world of gambling with crypto. You should always think about these factors before you decide whare to gamble online with Bitcoin.
Look to gamble with Bitcoin at casinos that operate with a license issued by the Government of Curacao. Other national gambling authorities, such as the UKGC and MGA are looking to introduce licensing for Bitcoin casinos. A recognised gambling license acts as a guarantee of fair play and protects you from unreliable operations.
Reputable online casinos care about their players. They will promote safe play and will display links to safe and responsible gambling organisations.
The major game developers only allow reliable casinos to feature their ranges. Look for games from NetEnt, Microgaming, Playtech, Yggdrasil, and other major studios.
You should always look at the value of their bonus offers. Biggest is not always best, so look for those with low wagering turnover requirements and limitless withdrawals.
Here at OCR you will find fair, impartial reviews of casinos online, which you can read to determine where to play. You should read these reviews before you make any decisions or register at a site.
With Bitcoin, it’s especially important that the site offers Provably Fair results. This reveals the result from the gaming server for each game played, so you can check that the payout is fair.
How To Buy Your First Bitcoin - Once you have selected a crypto exchange, follow this simple procedure to purchase your initial Bitcoin:
Pick a strong password to protect your information at the exchange. This is a standard practice with any online wallet. Be certain that you enter the correct email address so you can then verify your identity.
Once you verify via email, access your account at the crypto exchange and choose Bitcoin. Then pick the banking method.
With your purchase method selected and Bitcoin as the chosen currency, simply authorise the transaction and your flat currency gets turned into your initial crypto by the exchange.
The exchange will show your transaction within a few seconds. Check the Bitcoin balance to ensure it has been approved. Coinbase has a built-in wallet, but if you use a different service, be certain to move your balance to the wallet from the exchange without delay.
Take a little time to examine the differences between carious Bitcoin online casinos. These are the main ones to look out for -
|Bitcoin Casino||Standard Casino|
|Deposits made with cryptocurrencies such as Bitcoin||Deposits made with standard, or 'flat' currencies.|
|Very high standards of security||Good levels of security|
|Fair Gaming and full transparency.||Lack of transparency|
If you want to find out more about Bitcoin online casinos, be sure to read our full guide and reviews. Our experts rate each site against strict criteria.Learn More
Picking the Best Crypto Wallets Online: As mentioned earlier, your Bitcoin wallets works in much the same way as a regular online wallet, including popular options such as Neteller, and PayPal. Your virtual money is stored in a crypto wallet, which you can download to your PC or mobile. You may hear about ‘hot’ and ‘cold’ storage options, and which it is depends on whether the device used for storage is connected to the internet or not. Cold storage isn’t connected to the internet and is the most secure type. You store the information on a USB and need to enter a private pin number to access it. Here are the top five wallets that you should look at:
Perhaps the most popular of all. It's free and comes with low fees on transactions.Learn more
A free option with outstanding customer service. All major cryptocurrencies accepted.Learn more
This is one of the premier mobile crypto wallets.Learn more
A secure choice which features a cold storage option. A purchase fee is payable.Learn more
There's a purchase fee with the Trezor Crypto Wallet, but it's regarded as a very sage and secure service.Learn more
You need to get hold of Bitcoin before you have anything to store in your wallet. Visit an exchange and you can purchase some cryptocurrency. These are markets where users buy and sell their crypto online and here’s an introduction to the top 3 exchanges where you can buy Bitcoin:
You will recognise Coinbase from the wallet section above. This service lets you purchase Bitcoin and also store your crypto in a wallet. It makes Coinbase the ideal option for newcomers.Learn more
Kraken has an outstanding reputation as a safe and secure exchange and it's regulated in the USA. Unfortunately, they do not support transactions with credit cards.Learn more
This is one of the biggest exchanges in the world, and is the global hub for sales of cryptocurrencies including Bitcoin. They welcome credit cards, SEPA bank transfers, and third-party options like Simplex.Learn more
Bitcoin and other cyrptocurrenices are an electronic currency, known as a blockchain, created by users via encryption. It's a decentralised type of money with no central or government control.
You hold, send, and receive virtual currencies in your Bitcoin wallet. It works in the same way as other money transfer services, and you hold a balance of Bitcoin in the wallet, then move amounts to and from this balance.
Once you get a cryptocurrency wallet, you can purchase Bitcoin, or other types, using traditional payment options, including bank transfers, credit cards, or e-wallets. There's also the option to use Bitcoin in one wallet to buy, sell, or transfer the value to another wallet holder.
It is. Crypto users can convert their Bitcoin holdings into flat currency whenever they want. This is then available for use.
Several countries now count Bitcoin and other crypto as fully legal payment options, and many other countries agree that the future will crypto take over. There are even territories with their own, national cryptocurrencies, which is a signal of what to expect as virtual currencies become dominant over flat ones.
Crypto is banned in a number of nations, including Canada, Algeria, Bolivia, Ecuador, Bangladesh, Nepal, Cambodia, Iran, Vietnam, Thailand, and Jordan. In most of these cases, it's because these countries have a low income per person when compared to the rest of the world. Canada is the notable exception. Others have some restrictions, with India allowing residents to trade and store crypto, but not perform banking transactions.
No, and this is one of the biggest advantages of any crypto. Bitcoin is controlled via the blockchain and not central governments or financial authorities. It's not possible for banks or governments to track crypto transactions so no taxes can be applied.
One of the distinctions with Bitcoin is the fact that no-one controls at part of the blockchain. All movements of crypto are processed via algorithms that are pre-determined, and this way, it’s the actual owners of Bitcoin who control the whole network.
Yes, you should. The majority of trusted crypto casinos operate under the terms and conditions of a Curacao e-gaming license. Check your chosen site for the Curacao flag logo.
You can exchange Bitcoin with other crypto, such as Litecoin, or Ethereum at most wallet providers and trading services. You can also swap crypto for flat currencies at the same places. Just open an account and you can trade in Bitcoin and others.
Unlike flat currencies, stocks, or bonds, there is no physical version or written type of Bitcoin. But, like these, you can store Bitcoin and other crypto as a series of numbers in a virtual wallet.
A major feature of Bitcoin and others, is the complete anonymity and no requirement to include any personal details. However, you will need to provide proof of identity at the e-wallet site and without this, you won’t be able to buy Bitcoin, or transfer crypto funds.
Presently, you can deal in Bitcoin and other crypto via a single email ID, with no requirement to give any personal details. This could change in the future, as national governments will introduce new legislation to control or oversee crypto currencies. This will make Bitcoin more acceptable across all countries and financial markets.
You can! Bitcoin online casinos will often let players use cryptocurrencies without the need to spend any of their own funds. Of course, these promotions come with terms and conditions attached, and you need to read and understand them before opting in.
Online casinos can theoretically adjust your winnings and cheat you out of money that rightfully belongs to you. With ‘’Provably Fair Gambling’’ all Bitcoin payouts are independently controlled by users, so there is no risk of the casinos keeping what isn’t theirs.
Play at the newest casinos online, where you find outstanding bonus offers, safe and secure deposit and withdrawal facilities, and a fantastic collection of games. Check back here, as we always update our pages with the latest casinos and hottest promotions.
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