Malaysia – Crypto EXPO Asia goes live on April 26, 2018, and InterContinental Kuala Lumpur hosts the world of blockchain and bitcoins for one day. … Continued ⭢
Ladies and Gentlemen, it is finally live, The Ultimate Cubits Bitcoin Casino Guide. Read more about the Cubits wallet in our guide and go from not knowing … Continued ⭢
What is a crypto casino?
What is a Bitcoin casino?
What types of Bitcoin casinos are there?
A casino that accepts bitcoins and other cryptocurrencies (bitcoin casino/ crypto casino)
A casino that accepts both cryptocurrencies and fiat currencies (hybrid casino)
There are different advantages and disadvantages to the two types. A casino that only offers crypto payments are in general more anonymous, probably fair, higher payout grades, lower transaction fees and is more available wherever you play in the world. A casino that offers both cryptocurrencies and fiat currencies will most likely have higher requirements of verification, higher fees but also more games and bonuses.
Depending on what you prioritize the choice of bitcoin casino lays in your preferences.
What are the benefits of playing casino with bitcoins?
Low or no fees
These are the benefits compared to playing on an online casino with fiat currencies. However, there are more benefits that also are applicable on hybrid casino or a real a fiat casino:
Convenient and accessible
Free Casino games
Bonuses and Promotions
A lot of games
Play where you want
Let’s take a closer look at all the benefits of playing on a bitcoin casino and then the benefits of playing on an online casino in general.
When depositing with your bitcoins to on an online casino, you can count on fast transactions. To make a deposit is both quick and convenient. The transaction only needs to be verified through the, and it is done. The average transaction time of bitcoins is 10 minutes. However, if you pay a higher fee to the miners (the ones verifying the transaction), it can go a lot quicker. A lot of Bitcoin wallets have even a recommendation on what fees to pay in order to get a quick payment. This brings us to the next benefit.
Low or no fees
Let’s break the fees up into two parts.
The fee the casino takes
The general bitcoin fee
The fee that the casino takes is a fee for a deposit or withdrawal that goes to the casino. Normally a bitcoin casino has no fee at all. This means that the casino does not take a fee, so your deposit is for free. At least from the casinos’ point of view.
However, the transaction is made using the blockchain. This means that there is a fee for the transaction that goes to the miners that verify the transaction. To be perfectly clear, the casino does not gain anything and is not responsible for this. The money goes to the persons that verify the transaction. If you don’t mind waiting before you start playing you can try to send the transaction with no fee. Sometimes it might go through however it can take a couple of days before it does. So the higher the fee you wish to pay the faster the transaction. Fortunately, the fees are very low in comparison with more traditional deposit methods as credit cards and bank transfers.
A real bitcoin casino will respect your privacy even more than a regular online casino. Also though a serious online casino does respect the privacy, it can’t compare with a bitcoin or crypto site.
Some might go a further step and calling a bitcoin casino anonymous. The Bitcoin network is anonymous by itself:
It’s not tied to your identity
The transactions are not tied to your identity
It’s practically impossible to trace transactions
Since most crypto casinos don’t register you as a user or only asks for your mail, this makes playing on a bitcoin casino anonymous.
However, we need to point out that this is not the whole picture. There are a couple of ways to trace the owner of bitcoin. This is extremely hard to do, but at least in theory, it might be possible.
So here are a few tips:
Use a completely anonymous wallet
Use the anonymous web browser TOR
Use a new bitcoin address for each transaction
Use bitcoin mixers
Bitcoin in its nature is a secure currency which spills over when playing on a serious bitcoin casino. Not only is the casino transfers secure thanks to the Bitcoin network, but the site also doesn’t keep any personal data. This unlike a regular online casino makes it impossible to hack your personal details.
Convenient and accessible
Just like online gambling, in general, a bitcoin casino is both convenient and accessible. You are never far away from the casino. A few clicks on the computer and you are ready to go.
Free Casino games
A lot of casinos offer free games to play on. These might be free bonuses, free spins or other free promotions.
Bonuses and Promotions
Most online casinos, as well as crypto casinos, offer bonuses and promotions. Deposit bonuses are very common among bitcoin casinos as well as popular fiat casinos. Something you won’t see in Las Vegas.
Loyal players get rewarded. You will find casinos where you can gather loyalty points thus being rewarded for playing on that specific casino.
Lots of games
There is no question about it. An online casino will have a wider range of different games then a physical casino.
The comfort of playing not only when you want but where you want to to make online casinos a lot more comfortable than conventional casinos. You can play in the kitchen, sofa or why not the bed?
Play where you want
Besides choosing the place to play at in your house, most online casinos offer a mobile version of their site. This means that you can play not only when you want but where you want. At home, work, on the bus or wherever it suits you.
What are the disadvantages of playing casino with bitcoins?
Like with all things in life there are pros and cons even when playing casino with bitcoins. So let’s take a look at the biggest disadvantages with playing with bitcoins and later see if there is something we can do about it.
Not all Bitcoin casinos have a license
Not all online casinos accept bitcoin as a payment
Bitcoin is volatile
A withdrawal can take a long time
Not all casinos offer fair gaming
Problem: Not all Bitcoin casinos have a license
Unlike a regular online casino, a bitcoin casino can operate without a having a casino license issued by a certain jurisdiction. These licenses cost quite a lot and are a way for the casino to save money. However, a license is a badge of trust and gives the player an extra layer of security. Especially towards the casino if there is some kind of issue.
Solution: There are bitcoin casinos that have casino licenses. Check them out here:
Problem: Not all online casinos accept bitcoin as a payment
When comparing with other online gaming platforms, the ones accepting cryptocurrencies are fewer. So if you have a favorite casino that doesn’t accept bitcoin you might have to play with fiat currencies or change casino.
Solution: Choose a casino that offers deposits with bitcoin. A while back there were very few casinos that accepted crypto payments. Today there are many. Maybe too many if we are honest. Check out our list of casinos that we have verified. You will be able to choose from reliable sites that both offers crypto payments only and are hybrid casinos.
Problem: Bitcoin is volatile
Since bitcoin is a fairly new currency, it is still very volatile. Some might not find the volatility a good match with gambling. If you lose and the price of bitcoin goes up you have lost (at least counting value) even more.
Solution: Although it doesn’t exist a way of controlling the volatile nature of bitcoins it is fair to assume that the more time that passes, the less volatile the currency becomes.
Problem: A withdrawal can take a long time
The fact is that a withdrawal from a bitcoin casino is, in general, faster than any other online gambling site. But some sites might hold the transaction to verify that bonus requirements are met, or it might take a long time since a player has not been willing to pay the fee for the transaction.
Solution: Read and understand the conditions of the bitcoin casino bonus and pay the recommended fee (that still isn’t higher than other fees).
Problem: Not all casinos offer fair gaming
Bitcoin Casinos as an industry is new, and there aren’t too many established sites yet. Not all of BTC casinos will have a license or offer provably fair games.
Solution: Avoid casinos without a license and look for more established players in the game (pun not intended). You will find a list of provably fair and licensed bitcoin casinos here.
Why is gambling with bitcoin and cryptocurrencies better?
Is bitcoin gambling legal?
Is gambling with Bitcoins anonymous?
On the other hand, if a casino doesn’t require you to create an account, this makes it anonymous. The problem is that since all transaction that your wallet has done are saved on the blockchain, there are methods that possibly could link a transaction to your bitcoin wallet.
So to answer the question if gambling with bitcoins is 100% anonymous the answer is no. However, it can be very anonymous especially when comparing with other methods.
Are there US friendly bitcoin casinos?
Can I play bitcoin casino on my phone?
We wouldn’t discard sites that don’t offer a casino app since most bitcoin gambling sites have a responsive design. This means that they adjust to the size of your screen which makes them very easy to play on the phone. A lot of players find these mobile adapted websites preferable to downloading a casino app.
What does responsible gambling mean?
What are Bitcoin High Yield Investment Programs?
Are bitcoin bets registered on the blockchain?
What are wagering requirements?
Do I need to download software to play on a Bitcoin casino?
Can I gamble with Bitcoin from Anywhere?
So before you start to gamble on a site, it can be a good idea to ask these two questions:
Is it legal for me to play bitcoin casino when I live in this jurisdiction (country)?
If the answer is yes, then there is no problem. If the answer is no, we do not recommend to play.
But what if I want to play bitcoin casino although it is not legal?
Unlike credit cards or bank transfers, Bitcoin won’t block the transaction if gambling is not legal in your country. Since Bitcoin does not track where you as a user is located and is in its nature anonymous, it won’t be tracked where you are depositing from. Put simply; you do not need to worry about your payment being blocked.
To play casino bitcoins when it is illegal in your country, it is better to avoid casinos that require you to register an account. A lot of pure bitcoin casinos only offers registration using an email. If you then use a VPN service you can change your IP to another country. This makes it extremely hard if almost not impossible to track who you are or at least where you are playing from. But remember you do this on your own risk.
Is there a specific gambling site for Bitcoin gamblers from the US?
Do all crypto casinos accept Bitcoin deposits?
What other cryptocurrencies can I use for online casino deposits?
There are more options and as new cryptocurrencies are introduced the popular ones will be accessible to play with sooner or later. If you want to try to play with another cryptocurrency or wish to have the option in the future, we can recommend you check out crypto-games.net. They offer a wide variety of cryptos to play with.
2. How to play with bitcoin
How do I open a bitcoin casino account?
The ones where you open an account
The ones where you don’t have to have an account
The casinos where you need to open an account on you will need to enter your personal details. Just follow the instructions on the casino and fill in your details. For obvious reasons, you will not be anonymous at all on this account. However, there are casinos where you need to open an account on but only enter an e-mail address and password. Here you are almost just as anonymous as on the ones where no account is needed.
The casino sites where you don’t need to open a bitcoin casino account on you just go to the site and play. You will get an anonymous URL automatically when you go to the site so when you have deposited, want to play and withdraw you can access your account. Just remember to save the URL and to never give the details out to anyone.
How do I deposit to a bitcoin casino?
Open a wallet
Go to the exchange and buy bitcoins
When you have set up your wallet and bought your bitcoins, you are ready to go.
Check out the verified casinos on casino bitcoin here
Choose a casino to play on (Do you want to play on a hybrid casino or 100% crypto casino?)
Click on the link and create an account (if needed)
Make your deposit
The deposit is very similar to when you make a deposit using an e-wallet like PayPal, Skrill or Neteller and simpler than a bank transfer.
Most casinos will generate a code or a string. Copy it and paste it into your bitcoin wallet. Choose the amount you want to deposit and send the money. Remember that the fee might affect how fast your transaction is done. Most wallets have a suggested fee that will push your deposit through fast.
Now go to your bitcoin casino account and start playing! If you chose a pure crypto casino, your account will be credited with your bitcoin or other cryptocurrencies. If it is a casino where you only can make deposits with bitcoin but not play with them, they will be exchanged to a fiat currency.
Is there a minimum deposit on Bitcoin casinos?
What is the maximum amount of bitcoin I can deposit?
How do I withdraw?
Go to your Bitcoin casino account and choose ”Withdrawal.”
Open your Bitcoin Wallet and copy your public address/ key/bitcoin wallet address
Paste the address in the casino account, choose amount and fee
And you are done!
How long does it take to deposit and cash out from a bitcoin casino?
Since a deposit is just a transfer from your wallet to the casinos’ wallet, the same rules apply as for any other bitcoin transfer. The deposit time can be affected by the following:
How much are you transferring (the larger the amount, the longer it can take to verify)
The amount of fee are you willing to pay ( the higher the fee, the faster the transfer will go)
The withdrawal time is also a just a bitcoin transfer but this time from the casino to your wallet. It can be affected by the following.
The amount of your transaction
The fee you are willing to pay
If you play on a casino that requires that you are verified, you need to verify your account before the withdrawal
If you have claimed a bonus and met the wagering requirements
The withdrawal per se is just as quick as a regular transaction on the Bitcoin network, however, the casino might want to verify your account or that the terms and conditions are met before your withdrawal. This is standard procedure on all online gambling casinos whether they be fiat or crypto-based sites.
Do I need a credit card or bank account to gamble?
3. Bitcoin Casino bonus
Are there Bitcoin casino bonuses?
There are many different Bitcoin casino bonuses. Here is a list of the most common ones.
Bitcoin deposit bonus
Bitcoin free spins
Bitcoin deposit bonus
A Bitcoin deposit bonus is what it sounds like, a bonus you will receive once you have deposited. For example, if it is 100%, it doubles the amount that you deposit. Pretty straightforward.
Bitcoin free spins
If the casino offers free spins when you do a deposit, you get free rounds. These are more uncommon when it comes to bitcoin casinos since the pure games are often not slots. But on casinos that also have fiat, this is a more common bonus.
We will take a closer look at how the Bitcoin Faucet works later on, but there are sites where you can play and be rewarded through a faucet. This is a great alternative to free spins that is much easier to implement for crypto casinos.
Sometimes there is an opportunity to get some free bitcoins with no counter-performance. Honestly, you never get a whole bitcoin with no wagering requirements for free. But still, Even if you get a couple of Satoshi, it can still turn into a bitcoin.
How do the bitcoin deposit bonuses work?
100% up to 1 BTC
That doubles your deposit up to one bitcoin. When you make your deposit the site often gives your bonus automatically, or you just check a box to receive it. Some sites might have a bonus code, but then it is often stated pretty clear on the site. When you have made your deposit, the bonus is credited at once. But since it is not a free gift, it often comes with wagering requirements.
A wagering requirement is a way for the casino to protect themselves from fraudulent players and bonus abusers. Unfortunately, that means that you as a player need to wager, roll over or play through the requirements. The rollover requirements can be any number of wagers, but 10-40 are common. Before these are met, you can’t withdraw your cryptocurrency just like on a regular casino. Remember that the lower the requirements, the easier it is to clear your bonus.
How do I claim a bitcoin casino bonus?
It is credited automatically when you deposit
It will be credited if you tick a bonus check-box
It will be credited when you enter a bonus code
Each site can choose to use one, two or all three solutions to claim a bonus. This is, of course, deposit bonuses. If you want a free bonus, these are often credited when you open a game or directly when you have created an account.
4. Play Bitcoin Casino free
Can I play bitcoin casino for free?
Do bitcoin casinos offer free bitcoins?
Are there Bitcoin Casino Faucets?
The idea with the bitcoin casino faucet is that it creates a win-win situation. From the casinos’ point of view you get to know their brand, games, and services. From your point of view, you get a free bonus. Some of them have wagering requirements some don’t. Just remember to check out the terms and conditions before you withdraw.
Since most bitcoin casinos have a small house edge, are probably fair and immediate withdrawals you can derive a lot of value from a bitcoin casino faucet. Just stick to the rules!
5. Bitcoin Casino Games
Are there special Bitcoin Casino Games?
Then we have games that are more specialized for bitcoin casinos, or at least very popular among the Bitcoin community. One is Plinko that is a game where a ball is dropped down a pyramid and ends up in a basket. The other one is Bitcoin Dice.
Bitcoin Dice is probably the most popular game among the Bitcoin crowd. It is a fun fast paced game that is quite similar to craps. The main difference might be that you can adjust for risk and reward. The most popular type of bet is probably the hi (high) or lo (low) where you bet whether the dice will be higher or lower than an amount.
Can I play slots from providers like NetEnt, Microgaming or any other software provider that is found on regular fiat casinos?
Is the provably fair protocol implementation the same for all BTC casinos and Bitcoin casino games?
Depending on what site and game you play on the provably fair protocol can differ. There are different ways to implement the protocol. However, the core principle is often the same.
Are bitcoin casinos secure? Or Is it safe and fair?
This process of testing has discarded a lot of sites not deemed worthy. However, this does not mean that there can’t be disputes or problems. It only means that the sites are serious players that put a lot of effort into securing their sites.
What is the house edge on a bitcoin casino?
A common house edge for different bitcoin casino games:
Craps – 0.2%
Video Poker – 0.25%
Blackjack – 0.4%
Dice – 0.75%
Roulette – 1%
Keno – 1%
Slots – 1%
What does is provably fair and what does it mean?
How does provably fair gambling work?
Depending on what bitcoin casino you play on it may look a bit different but in general it looks something like this.
The deck is shuffled by the casino
The player is dealt a card (Technically a hash which is a cryptographic representation of the shuffles value)
At the same time, the player generates (manually or automatically) a seed for the hash. Since it is random, the casino can’t know it in advance.
The seed changes the hash, that is changing the value of the shuffle, which triggers that a random card is dealt.
The player receives the randomly generated card.
This is in short how the provable fairness gambling system work. As you can see neither the casino that generates the hash nor the player that generates the seed can’t know in advance the outcome. The best part is that you can check that the provable fairness works. Either by checking the script yourself, by using a service some casinos provide or use a third party like https://dicesites.com/provably-fair.
You can check every dice and card draw on many bitcoin casino sites ensuring for yourself that the protocol work. However, this can be a bit time consuming it is assuring that you know that if you suspect something you always can fall back on that. Most serious casinos won’t afford to try to manipulate the results especially since bitcoin casinos are much more transparent than regular online casinos.
To check the fairness protocol for a particular draw or roll, you need the original hash from the casino. This hash should confirm the order of the cards if it is a card game. If you add the seed, you can see the outcome which should produce the same result as when you played. If this happens, it was proven to be fair or in other words random.
This system assures that the game is random. Nothing more, nothing less. What the edge is, if the casino is serious and pays out its players or is not trying to cheat you in any other way is not guaranteed. To see the best bitcoin casinos click here.
How do you know if a bitcoin casino is provably fair?
Is it possible for a provably fair Bitcoin gambling site to cheat players?
That the casino uses a provably fair protocol.
That the casino is not trying to cheat you in any other way.
Even though the randomness of the game can be assured by the provably fair protocol, it is not a guarantee that the casino does not try to cheat you in any other way. The house edge can be high; the casino might try to steal your money and winnings, the software disconnects and other tricks have been claimed by players. That is why you should only play on validated, tested bitcoin casinos found here.
Can a regular online casino with fiat currency have the provably fair system?
Are Bitcoin casinos regulated?
The good thing with a casino license is that it adds another layer to the security. The bad thing is that this can be at the cost of the anonymity a player might want. A casino license might require a casino to verify it’s customers or to ban players from certain countries. Although this is not required by all licenses, there are some that have these kinds of conditions.
Then we also have regulated bitcoin casinos with licenses from countries that don’t have any requirements at all. The casino basically pays a fee and gets a license. The problem with these is that they can be just as bad as a casino with no license at all.
If a bitcoin casino has a license, it adds some kind of extra security to the site. But don’t stare yourself blind at that. There are casinos without licenses that are legit, and there are casinos with licenses that are fraudulent.
With that said we do recommend playing on Licensed and regulated Bitcoin casinos.
Is a Bitcoin casino license necessary if the games are provably fair?
Are my winnings reported to a government agency?
How do I remain anonymous while playing bitcoin casino?
6. Bitcoin Gambling USA
Is Bitcoin gambling legal for US players?
In general, this makes it possible and legal for players to play on a bitcoin casino. However, since the UIEGA forbids banks and credit card companies to facilitate transactions to companies in the online gambling business regular, fiat based casinos are illegal. Or at least there is no possibility to transfer funds.
But each state has their own laws and regulations. Let’s take a closer look in which states you safely can gamble and in which you should be careful.
In what states is Bitcoin gambling legal and illegal?
Legal – Delaware, New Jersey, and Nevada
Illegal – Washington
Not Unlawful – All other States
If you live in Delaware, New Jersey, and Nevada, you are allowed to gamble in general. This, of course, includes gambling online with bitcoins. So as long as you use bitcoins or any other cryptocurrency you should be fine.
In Washington, it is illegal to gamble, and this includes online casinos and bitcoin casinos. So residents can’t play on a site even though it is based offshore.
Most other states do not consider it to be unlawful which is a grey area. It means that it is neither legalized nor forbidden. At this moment no one has been prosecuted for gambling with bitcoin online. The UIEGA is targeting banks and credit card companies and not individual players. With that said it is always a good idea to be careful. Remember that U.S. based exchanges and wallets need to pass Know-Your-Customer procedures which often requires verification. This can be State-issued ID and utility bills. If you use such a wallet to deposit to a bitcoin casino, it can be traced to you. A way around this that other players use a wallet based outside of the U.S. wallets, VPNs and sending bitcoin to the casino using middlemen (other wallets) not based in the U.S.