Bitcoin has long since developed from a trend currency to an important means of payment for security-conscious users. Advantages such as anonymity and data protection also meet the needs of casino players. We have identified the best Bitcoin Casino and Crypto providers . How do payments sofielundsfolketshus work in crypto casinos? How good are the security and game selection? In our online casino Bitcoin test we answer the most important questions about casinos with BTC and crypto currencies.
Bitcoin Wallet: The digital wallet with BTC
A digital wallet can be opened online with wallet providers. Basically a kind of account for the Bitcoin. Only the customers themselves have access to this wallet. The wallet is secured with several passwords. The personal bitcoins are stored on this digital wallet and can be sent from there. Alternatively, credit can be sent to this Bitcoin address , which then ends up in the personal account.
Opening an account is free and can be done with service providers such as Bitcoin.ca. Providers like Coincentral allow such an account to be opened completely anonymously.
How do users deposit in Bitcoin casinos?
If you hold your Bitcoin wallet with a provider that also allows deposits, you can top up your Bitcoin account directly with this provider. Money is transferred to sebosf the provider via credit card payment, instant transfer or classic bank transfer. In return, he pays the cryptocurrency to the wallet. Depending on the service, fees may apply.
If you have your Bitcoin account with a provider that does not support payments, you can use a third-party provider such as anycoindirect . There are usually additional fees. A deposit via a classic payment method is also chosen with the third-party providers. With these, the personal Bitcoin address is stored as the destination address for the Bitcoin. After the payment has been made, the third-party provider then pays the bitcoins to the personal account.
The deposit in the Bitcoin online casino
Bitcoin is popular, among other things, for the simplicity of online transactions . Payments with the cryptocurrencies are not really fundamentally different from other casino payment methods . How a deposit in Bitcoin Casino works, I explain below step by step:
- Set deposit amount: Every casino has its own deposit limits, so players should inform themselves about this before making a Bitcoin deposit.
- Specify wallet address: If you want to pay with cryptocurrencies, you need a corresponding wallet. The anonymous online crypto payments run through this wallet.
- Initiate Bitcoin payment: It is necessary to initiate a manual payment to the wallet address. As soon as the transaction has been confirmed in the blockchain (Bitcoin transaction network), the credit is credited to the casino account.
In some cases the process takes a few minutes. Sometimes up to 2 hours. A payout to the personal BTC account is identical. In this case, a Bitcoin address is specified as an option in the account profile when making the payout. After determining the payout amount, the credit is paid out using this method.
How do you recognize safe online casinos with Bitcoin & crypto currencies
Through the payment transactions with crypto currencies, the crypto casinos offer numerous advantages that set them apart from conventional online casinos. Canadian players expect a higher level of data protection and anonymity . What makes Bitcoin casinos stand out in terms of security, you can find out below:
Guaranteed player protection
The providers we tested must have measures in place to protect the player. These include adjustable daily and monthly limits or voluntary self-exclusion. The best Bitcoin casinos have information pages on advice centers for players with problematic gambling behavior.
High data protection
The crypto casinos rely on currencies such as BTC, Litecoin or Ethereum. These payment methods offer a higher level of anonymity and protection than other payment methods. Players still need to register a player account in licensed Bitcoin casinos. Secure online casino Bitcoin sites use modern encryption protocols such as 256bit SSL / TLS encryption to protect personal customer data.
The best Bitcoin casinos have a valid license from a European regulatory authority . This obliges the providers to comply with strict regulatory requirements. These concern fair gaming conditions, player protection and protection against criminal activities. Thanks to the EU freedom to provide services, the casinos regulated in this way can make their offerings available throughout the EU.
Transparent terms and conditions
All Bitcoin casinos checked by us must have general terms and conditions that are visible, clear and understandable for the customer at all times . It is just as important to provide a company address. Ideally, the terms and conditions should be available in English. The latter is sometimes missing when online casino Bitcoin sites have recently opened.
Verified payout percentages of the games
Secure Bitcoin casinos have to have the payout rates (also called RTP values) of their games certified on a regular basis . The test is carried out by independent test centers. In this way, players can be certain that the games have not been manipulated and that the information on the theoretical payout percentages is correct.
Security from hacks
The customer accounts are optimally protected by modern encryption . However, you should never leave a lot of bitcoins in your wallet / casino. Many crypto exchanges have been hacked. Most of the time, stock exchanges that rely heavily on marketing and little on security are hacked. We are very satisfied with the Luxembourg provider www.blockchain.com.
This is how crypto casinos work
Cryptocurrencies such as Bitcoin, Ethereum or Litecoin are digital and decentralized currencies . Digital, as the credits consist of digital records. Decentralized because there is neither a major bank nor a country behind this currency. The basic idea of crypto currencies was to give citizens power over a currency. This results in a degree of anonymity that is not available with traditional means of payment.
Classic currencies such as the euro or US dollar are controlled by states, countries and major banks. Cryptocurrencies like Bitcoin are organized through a decentralized computer system. Anyone who makes their computing power available to the network can take part in this. Crypto credit is stored on wallets . These are the digital wallets that users fall back on.
The high degree of anonymity and data protection in particular makes cryptocurrency very suitable for the needs of online casino players. Because there is no registration process with a bank or the payment service. Registration is only necessary in the Crypto Casino itself. Ultimately, security requirements such as the protection of minors must be guaranteed.
The main cryptocurrencies
Most often, players will encounter the classic Bitcoin here. This digital currency is still the best known and most widely used cryptocurrency. But Ethereum and BTC Cash are also increasingly being accepted. However, the majority of providers rely on the Bitcoin payment method!
Cryptocurrencies in the online casino – list
- Bitcoin (BTC)
- Bitcoin Cash (BTH)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP)
- Dogecoin (DOGE)
- Dash (DASH)
- Tether (USDT)
- Stellar (XLM)
- Binance Coin (BNB)
- Cardano (ADA)
- XRP (XRP)
- Chainlink (LINK)
- Polkadot (DOT)
- Monero (XMR)
- Uniswap (UN)
An overview of the range of games
Our test winners convince with a large selection of slots, table games such as blackjack and poker as well as live games. The number of games averages over 2000 games . Slot players in particular will find what they are looking for in Bitcoin casinos. The portfolio includes well-known online slot machines from manufacturers such as NetEnt, Microgaming, Play’n GO and emerging software developers such as Thunderkick.
What also thrilled us in the Bitcoin Casino test was the multitude of classic casino games such as blackjack, roulette and poker in different variants. In contrast to land-based casinos, these offer higher payout percentages and free spaces at all times. The betting limits are usually beginner-friendly.
Our insider tip are the atmospheric live casino games on the Bitcoin casino sites. Because here you play against human game masters via live stream. The games are broadcast on a high-definition HD stream. You interact with all participants via chat and microphone. The house edge is slightly higher in the live casino. In return, you often expect higher maximum betting limits.
Welcome bonus and promotions
Anyone who registers at a Bitcoin Casino for the first time can receive a new customer bonus. The Bitcoin Casino Bonus often includes rewards with Bitcoins and free spins . The BTC bonus is credited with the first deposit. You can find out which offers are currently the most interesting for Canadian players here:
Best Bitcoin Bonus Offers 2022
Before accepting, however, players should always consider one thing: the bonus terms and conditions . These stipulate how often a bonus balance has to be used for which games. If the condition is not met, the winnings cannot be paid out. Conversely, not every Bitcoin bonus is suitable for every type of player. If a bonus matches your gaming preferences, you will benefit from it.
Advantages and disadvantages of cryptocurrencies
Despite the many advantages of decentralized currencies in terms of data security, currency exchange rates such as Bitcoin can fluctuate . Risky gamblers see potential price changes as an opportunity to increase their profits again. There are other advantages:
- Decentralized payment systems
- Anonymous transactions
- Easy opening of the crypto wallets
- Fast deposit & withdrawal via BTC wallet
- Not affected by inflation
- The value of the currencies is subject to exchange rate fluctuations
- No contact person for incorrect bookings
Bitcoin payments and the Bitcoin network are not regulated by major banks or states . In addition, no personal data need to be entered to create an account. According to our Bitcoin Casino experience, anonymity is very important. Another decisive advantage is the fast processing times. Some crypto casinos offer traders a profit maximization tool. A certain percentage of the daily exchange rate gains is deposited in the online casino and, with luck, increased.
Conclusion: BTC casinos convince in the test
Bitcoin casinos and cryptocurrencies have great potential. They enable anonymous and fast payments – qualities that are particularly suited to the target group of casino players. Registration is only necessary in the Bitcoin online casino itself. It’s easy to get a free BTC or crypto wallet. Another plus point: The fact that cryptos are subject to price fluctuations is seen by risk-taking players as an opportunity. The large selection of games should not be ignored either. In addition to slots and live games, you can also play craps online or visit a keno online casino that allows you to pay with Bitcoin.
Bitcoin Casinos F.A.Q.
Bitcoin casinos offer many online slot machines, but also classics such as blackjack, poker and roulette . You can top up your casino credit via crypto currency and bet on the games. You can find out more about the range of games in Crypto Casinos in our review.
Bitcoin is the most common, but by no means the only crypto currency in online casinos. There are many online casinos that have several popular cryptos in their portfolio . New Bitcoin casinos in particular have more than just one crypto currency on offer
More and more online casinos are choosing to offer Bitcoin and other crypto currencies. It is important to choose a safe and reputable casino offer . We have determined for you which reputable casinos allow Bitcoin payments. You can find the verified providers in our overview of the best Bitcoin online casinos .
Yes, Bitcoin casinos usually offer a welcome bonus . There are also promotions for existing customers. But be careful: Not all casino bonus offers are suitable for every type of player. It is important to know the bonus terms and conditions in order to evaluate an offer. We have the best bonus offers at a glance.