All about Bitcoin casinos
Of all the cryptocurrency casinos out there, bitcoin casinos are arguably the most numerous and most famous. The distinguishing feature of bitcoin casinos is that they must accept bitcoins. Some may only accept bitcoins, but most will also accept other currencies, too, and not just other cryptocurrencies but fiat currencies like USA, EUR, AUD, etc. However, if you are thinking of giving bitcoin casinos a run for their money, there are a few things you might want to be aware of first.
The best Bitcoin Casinos
Key things to know before you play at Bitcoin casinos
Any player that is going to give bitcoin casino gambling a try will, rather obviously, need to know how bitcoins work. There are plenty of handy guides out there which can help you out in that department. However, we can give you a basic run-down here.
Bitcoin is currently still an unregulated currency, one of many cryptocurrencies out there on the net, and the most notable. Known as digital currency, no one government controls Bitcoin. Instead, the “funds” are stored on your hardware. The value of a single Bitcoin varies, and if you’ve been paying attention to the news over the last year, you’ll know that their value rises and falls dramatically. At any one time, no more than 21 million can be created, and the currency is decentralised.
To complete a Bitcoin transaction, a miner must enter your transaction into the blockchain. Miners will process your transactions for a fee. It may be large or small – it varies from miner to miner. Every transaction is stored in the blockchain, and each miner helps keep the blockchain active by running nodes on either a single computer, but more often, many computers.
That’s the basics of Bitcoin itself, but we are more interested in bitcoin casinos. Assuming you have a basic understanding of the cryptocurrency, then (which hopefully you will gain through reading Wise Cryptos), let’s move on.
About Bitcoin casinos
Bitcoin casinos may appear in several forms. First and foremost, there are exclusive bitcoin-only casinos. These do not accept any other currencies (digital or otherwise) and can provide either proprietary, in-house software or software from major casino game developers. Alternatively, you may find standard online casinos which also accept bitcoin. In most cases, the latter will feature software which you will be more than familiar with, including the biggest slots from top developers.
Any bitcoin casino won’t be too different from your standard online casino. However, they may not be licensed. Most governments prohibit bitcoins, and thus, many bitcoin casinos can’t obtain a respectable gambling license. To circumvent this problem, the Provably Fair certificate was developed. This is a credential which will show players that the bitcoin casino adheres to a specific set of standards regarding fair play and safety, thus making them a safe site to play at. Given the lack of government-issued gambling licenses, most bitcoin casinos accept players from anywhere in the world.
Depositing and withdrawing with Bitcoin
To play at a bitcoin casino, you will need to be able to get hold of bitcoins. First and foremost, you need to set up a Bitcoin wallet. Once this is done, there are a host of exchanges out there on the net where you can buy bitcoins. However, in some bitcoin casinos, you don’t need to go to that trouble. You’ll still need a wallet, of course, but that is about it.
Some bitcoin casinos will allow you to purchase bitcoins from their website, by depositing using US dollars or another major currency.
One of the perks of playing with bitcoins is the ability to obtain super speedy withdrawals. Provided you are prepared to pay a miner a decent sum to process your transaction and add it to the blockchain, you can often obtain your winnings in your bitcoin wallet in just a few hours. Some casinos even cover the miner’s fee themselves by using their own miners to process transactions. It is wise to expect a small fee to be applied to any withdrawals, though.
Bitcoin casino games
If you’re playing at a bitcoin casino which doesn’t feature proprietary, in-house software (software created by the operator of the casino) then you are likely going to find many of the internet’s top slots and table games at any run-of-the-mill bitcoin casino. These can include games from the likes of Microgaming, Net Entertainment, BetSoft Gaming, Pragmatic Play and more. Even Evolution Gaming has started offering their live dealer range of games at crypto casinos. Expect all manner of games to appear at your average bitcoin casino, such as slots, card and table games, video pokers, scratch cards and instant win games, table poker games and live casino titles.
Bitcoin casino bonuses and promotions
Like any online casinos, players at bitcoin casinos will also be able to snap up promotions and bonuses. There is almost always a big welcome bonus offer there for you to claim. These offers may also be available to pocket in USD as well as bitcoins. A standard welcome bonus offer will look like the one you can find at BitStarz, one of the more notable bitcoin casinos out there.
They are offering a welcome package which can see you snap up a 100% match up to 1BTC (1 Bitcoin) on your first deposit, a 50% match up to 1BTC on your second, and matches worth 50% and 100% on your third and fourth deposits, up to 2BTC and 1BTC, respectively.
Other promos and bonuses known to appear at bitcoin casinos include monthly offers, loyalty deals, free spins, redeposit offers and a unique “faucet” promo. At some bitcoin casinos, a “faucet” can provide players with very small amounts of free cash, whenever they sign-in to their account daily.
Are there any cons to playing at Bitcoin casinos?
Like most casino sites, there are a few drawbacks to playing at bitcoin casinos which you may wish to keep an eye out for. For starters, you’re going to want to make sure that your bitcoin casino is either licensed or features the Provably Fair mark. This ensures that you are avoiding a scam site. There are plenty of dodgy crypto casinos out there.
Secondly, you’re going to want to keep an eye out for miner’s fees. Some cryptocurrency casinos and bitcoin casinos will charge you a fee for withdrawing from their site. There are good bitcoin casinos, and there are bad ones, which charge you a hefty fee.
Bitcoin is also rather unprotected if you lose your hardware. Storing your Bitcoin wallet on a USB is handy but making a back-up of it also helps. Should you lose the hardware wherever your bitcoin wallet is stored, you’ll lose all your funds.
Should I play at Bitcoin casinos?
If you get the basics of what Bitcoin is, and how it works, you shouldn’t have too many difficulties playing at bitcoin casinos. There are more perks than disadvantages. You can play from relatively anywhere in the globe, have access to super speedy withdrawals, and some even offer a great degree of anonymity. In fact, there are bitcoin casinos out there which don’t even require you to sign up and create an account. If you’re prepared and in the know about the cryptocurrency, bitcoin casinos make a great place to play your favourite online casino games.
Bitcoin Cash Casinos
It may not be the most popular or notable cryptocurrency out there on the net, but Bitcoin Cash is undoubtedly growing on people; so much so, that the cryptocurrency has started to be accepted at an ample number of major cryptocurrency casinos. Bitcoin Cash is also one of the newest cryptocurrencies having made its debut in August 2017. What is Bitcoin Cash and how do Bitcoin Cash casinos work, though? That is the subject of this article.
Key things to know before you play at Bitcoin Cash casinos
Before you dive straight into playing at Bitcoin Cash casinos, there are one or two things which may be worth having a look at. First and foremost, you need to know how Bitcoin Cash works.
Bitcoin Cash was developed as a fork of Bitcoin, although it features an increased block size, which in turn allows for more transactions to be processed. In many ways, Bitcoin Cash is identical to Bitcoin, although the hard fork change made the currency split in two. The main point of the bigger block size means that transactions are often faster and cheaper than with Bitcoin.
As well as knowing what Bitcoin Cash is, players are also advised to do their homework and learn how to acquire and complete transactions using Bitcoin Cash. They should do this before they attempt to play at online casinos using the cryptocurrency. Once they have the basics under their belt, playing at Bitcoin Cash casinos will be a doddle.
About Bitcoin Cash casinos
Most cryptocurrency casinos will accept a wide range of deposit methods. Bitcoin Cash is one of the more popular cryptocurrencies to gamble with, even if it isn’t particularly massive in the grand scheme of things when relating to cryptocurrencies as a whole.
Bitcoin Cash has won the plaudits of several industry insiders and influential figures. Some casinos only accept Bitcoin Cash and others are open to accepting the currency as one of several currency options.
Either way, once you have found a site which offers Bitcoin Cash gaming, it is time to make a deposit into your casino account.
Depositing and withdrawing with Bitcoin Cash
Depositing at an online casino with Bitcoin Cash (or BCH, as it is known) is like making a deposit using Bitcoins. It is worth noting that many players enjoy depositing and withdrawing using Bitcoin Cash as it offers faster transaction times and cheaper fees because it has a larger block size.
After finding a casino which accepts BCH deposit methods, you can choose to complete a transaction, sending Bitcoin Cash sums to your casino account. After this is done, the casino will likely use a fair exchange rate to convert your Bitcoin Cash into a more manageable currency, or at least one which is friendlier to casino games, such as US dollars.
You needn’t worry, though. Once you want to withdraw, the casino will offer you a similar exchange rate to convert your US dollars back into Bitcoin Cash. You can then withdraw your BCH back to your account speedily, and with very cheap fees.
Bitcoin Cash casino games
Players will find two types of casinos out there which accept Bitcoin Cash. The first of these are known as hybrid casinos, and they are essentially standard online casinos, although ones which also accept BCH. The others are Bitcoin Cash only casinos, and they accept nothing but that deposit method.
The type of casino you are playing at may determine the types of games you have open to you. A general online casino (hybrid) which offers BCH deposit methods is likely to feature software from most major developers, meaning that you get access to an excellent range of current, modern games.
However, if you happen to be playing at a BCH only casino, there is every chance that you will end up playing games which are proprietary software or in-house games. This isn’t always the case, and many top BCH-only casinos still offer top slots from leading developers, but there is always the chance that you can end up playing something more original and less mainstream at these sites.
Bitcoin Cash casino bonuses and promotions
Both types of Bitcoin Cash casinos will likely offer promos and bonuses. Almost all online casinos offer welcome bonuses, and Bitcoin Cash casinos aren’t really any different. If we were to look at one of the leading crypto casinos out there, BitStarz, we can see the kinds of deals they are offering as an example.
There are no deposit offers, and match deposit bonuses on your first, second, third and fourth deposits. These are listed at being BTC (Bitcoin) deposit bonuses, or available in Euros, but if you prefer to play with Bitcoin Cash, these offers will still be valid, although the exact amount they are worth will differ slightly.
It isn’t just welcome bonuses and no deposit bonuses players at Bitcoin Cash casinos can snap up, either. Many also provide faucet (free cash) systems, loyalty bonuses and daily, weekly and/or monthly promotions to entice players to play with them. If you are going to be playing at a Bitcoin Cash casino, we always recommend that you read the terms and conditions of any promotion you are about to claim.
Are there any cons to playing at Bitcoin Cash casinos?
Of course, there are pros and cons to playing at any type of online casino, and Bitcoin Cash casinos are no different. We’ve told you about the pros (faster withdrawal times and cheaper rates) but what are the cons?
One disadvantage to playing with BCH is that if the value of the cryptocurrencies increases too much, it is likely to experience the same kind of problems that Bitcoin suffered in 2017 – rapid increases in value, then sudden decreases. Also, the constant increase of block sizes does mean that eventually, the size of a block could rapidly grow beyond the storage capacity of many personal computers. None of these are direct issues with Bitcoin Cash casinos, though, but more “possible” limitations of the cryptocurrency itself.
Should I play at Bitcoin Cash casinos?
As is always the case, before you play at any crypto casino, you should make sure that you have a good understanding of BCH works. If you do, and you see Bitcoin Cash as being more advantageous than Bitcoins themselves, then there is a market out there for you to get involved in and it could be worth a look.
Terms and Conditions Apply 18+ Gamble Responsibly
Before you accept an online casino bonus at any online casino including crypto casinos, please remember that Terms and Conditions will apply.
Always very carefully read the full Bonus Terms and Conditions as well as the casino General Terms and Conditions.