Playing Casino With Bitcoins in the UK
The bitcoin continues to fluctuate in value. As of today, one BTC is traded for £38 000. A year ago, it was nearly 50K. For those who like to gamble, just keeping BTC in your pocket seems to be a huge gamble.
Bitcoins are by themselves a gamble, at least for us ordinary people who don’t follow the trends 24/7 or understand how the market works. But, for some of us, that’s not enough. BTC has also become a currency used for casino deposits and hopefully for some withdraws.
In the UK, BTC has previously been used to access unlicensed casinos, but today, some casinos offering BTC deposits have UK gambling licenses. More about that later.
Even with all regulations on the UK gambling market, more sportsbooks and casinos are entering the market. The premier league is the biggest continuous sports event for sports betting, and you can bet on nearly anything: Who will win the title (of course Liverpool). Okay, yes, we’re a bit biased. If you bet on Manchester City, you’ll get lower odds.
The regulations have had some positive effects on the players, and more efforts from the regulators and the casino are put to responsible gambling. For those who experience problems controlling their gambling habits, tools like Gamstop can help them block themselves from all UK licensed casinos.
Only unlicensed casinos accepted BTC for deposits in the UK in the past. The popularity of BTC has changed that. Today, if you search for bitcoin casinos UK, you’ll find licensed casinos as well. Among those, you find Energy Casino, Yako Casino, Sloty, and many more. You need to think about, though, if they offer you to play with BTC inside the games. It is still a problem at many bitcoin casinos. The casinos mentioned above all offer bitcoin deposits, but if you want to bet in BTC, you’ll need to do that at another casino. Some people question if bitcoins casinos are legal in the UK. The answer is that it’s okay for UK residents to gamble with bitcoins if they want. What could be problematic is if you gamble at a casino without a UK license.
Can you do sports betting with bitcoins? We think the football commercial for Sportbet.io is the answer to that. Three clubs in Premier League and several clubs in the Championship are associated with Sportsbet.io. If Arsenal, Watford, and Southampton can put the sportsbook on the sweaters or in the stadium, you can probably be safe gambling with your bitcoins at their site.
Before we end this update about UK bitcoin gambling, we’d like to put a little focus on the bonus offers you can get. Deposit bonuses have long been the best way for casinos to compete to attract new customers. For crypto casinos, bonuses are on a different level. Sure, when the BTC was worth $200, a 100% deposit bonus up to 1BTC wasn’t much, but today there are crazy casinos that offer up to 5BTC deposit bonuses. You do the math, and you’ll see how insane bonuses you can get if you have a few bitcoins in store for your next gambling adventure.
Gambling with bitcoins opens new doors. But before you deposit any money anywhere. Make sure the casino or sportsbook you choose is legit because there are many operators out there that only exist to trick people. Therefore, we recommend choosing a casino that carries a UK license if you live in the UK. Then you are better protected if something happens.