Facts About Bitcoin Casinos
Whit cryptocurrency casinos making waves and the Bitcoin casino list growing, one can tell that there is massive support for the industry, and it can only get bigger with time. In addition, many traditional online casinos with provably fair casino games also integrate Bitcoin as a payment method. But before we dive into facts about Bitcoin casinos, let’s check Bitcoin itself and how it has gained recognition over the years.
Bitcoin Overview and History
The journey started in 2009 after the global collapse of the world’s financial systems. Before the official launch in 2008, the technology’s whitepaper was revealed, showing that it would be the backbone of the cryptocurrency market. However, the origin story of Bitcoin is not very public because, till today, we still don’t know the true identity of its creator(s).
The whitepaper was created under the pseudonym Satoshi Nakamoto, and it might have been an individual or a group of people. However, whoever it was, they created something that has revolutionised the financial world. Although it hasn’t reached its full potential, we can see that Bitcoin has what it takes to become one of the leading currencies worldwide.
Bitcoin Core Concept
To understand Bitcoin well, you must know its core concepts and what it entails. Once you do, you won’t have a problem using the technology, and as a result, you can use it to play casino games at your preferred casino.
- Block: A block is a set of Bitcoin transactions over a specific time. Miners verify the transactions and are rewarded for verifying with new BTC created.
- Units: Bitcoin can be broken down into eight decimal places. The smallest unit of Bitcoin is one satoshi, which is 0.00000001 BTC.
- Blockchain: Every Bitcoin transaction forms a chain on the network. The Blockchain is the base that powers Bitcoin since all blocks of transactions are attached to previous transactions.
- Mining: Groups or individuals complete expensive and intensive computer calculations to make a block.
- Block Hash: The Blockchain remains secBlockchain of different things, with hashes being one of them. The system has a record-keeping service, keeping the Blockchain complete, Blockchain and unalterable. In this case, hashes validate the available Bitcoin and help reward miners.
- Blockchain Address: The blockchain address is a sequence of 25 to 34 alphanumeric characters that allow parties to send and receive coins. Although the Blockchain is public, Blockchains hide identifiable personal information.
- Wallet: If you wish to store your Bitcoin and also exchange them without putting them in someone else’s custody (crypto exchanges), you must create a different collection of the credentials, Wallet, which is necessary to send and receive coins.
- Keys: In the wallet, you need access keys like a safety deposit box. In this case, two keys, Public and Private, are necessary for all transactions. Without these keys, you can’t complete your transaction.
Adoption and Controversy
Since 2009, Bitcoin has been gaining traction. The popularity of Bitcoin and other cryptocurrencies has expanded to many countries. The adoption wasn’t massive for many years, but since 2019, the growth has been immense. We’ve seen a massive trajectory in the price level that many experts have predicted might increase. Some of the industries that have adopted Bitcoin include:
- Real Estate
- E-commerce
- Healthcare
- Technology
- Sports
- Gambling
With the popularity of Bitcoin growing, adoption has increased. Many industries have found a way to integrate cryptocurrency into their system. The price level has fluctuated over the years, and as a result, there have been controversies. However, Bitcoin remains a solid mix in the financial world, and we might see more adoptions.
Overview of Bitcoin Casinos
As Bitcoin continued to enjoy more popularity, the iGaming world saw an opportunity to extend its reach without the restrictions that come with fiat currencies. As a result, we saw traditional casinos add Bitcoin and other cryptocurrencies to their list. With that, the era of Bitcoin online casinos was born.
In 2014, Bitstarz became the first trustworthy Bitcoin casino, creating a new niche for the most trusted Bitcoin casino sites to thrive. As a result, more online gambling sites began to add more crypto casino games and gambling experiences to their offers. At first, there were very few Bitcoin casinos, but today you can find which casino accepts Bitcoin without stress.
To ensure there was a distinction between the best Bitcoin online casinos and other traditional casino sites, players get to enjoy different things, including:
- Access to more bonuses: Aside from the usual bonus offers, playing at a Bitcoin online casino will let you enjoy access to more Bitcoin casino bonus offers. So, you can kickstart your gambling experience with a much better offer when you make Bitcoin deposits.
- Extensive casino game collections: Popular Bitcoin casino sites have extensive game collections. They feature slots, poker games, table games, and live dealer games. So, players can decide to play slot games or other available casino games whenever they want.
- No Verification play: If you decide to join a new Bitcoin casino, you’ll most likely end up with a no-verification site. With most Bitcoin casino apps looking to offer a smooth gambling experience, players might not need to go through complex verification processes to deposit and withdraw money at a Bitcoin casino online.
- Instant gaming: As part of the no-verification play, players can enjoy an instant gaming experience whenever they try their luck at an online gambling site that accepts Bitcoin. So, you can expect to enjoy a smooth experience whenever you join these casinos.
- Secure transaction: Bitcoin is secure, thanks to the Blockchain technology it operates on, and given the measures in place for a transaction to take place, you can be sure you don’t have to worry about losing your details. Also, playing at a top Bitcoin casino site comes with an anonymity option.
- Better Experience: Many Bitcoin casino review sites can attest that Bitcoin casinos offer a much better experience. Being able to play anonymously and the fact that some have live updates of winners and transparent transactions, the trust level is growing. Therefore, playing at a trusted Bitcoin casino is crucial.
If you’re more technically inclined and understand how Bitcoin works, you can always play at casinos on the Blockchain. That way, you’ll enjoy more freedom and play without providing any personal details. In that case, you should learn more about the DeFi ecosystem.
However, if you want to stick to the norm and don’t want to stress about the technical parts, you can always get started with the top crypto casino sites we have listed on our website. We’ve done the work. As a result, you don’t have to go through the hassle of finding Bitcoin casinos to join.
Deposit & Withdrawals in Bitcoin
Deposits in Bitcoin can be straightforward once you understand the different steps involved in using crypto at online casinos. However, if you don’t understand how it works, you’ll be left confused as to what to do next, and the worst part is that you might even end up losing your money because transactions are irreversible.
As a result, before you start using Bitcoin to deposit, you should check our How it Works section to see how the crypto works and the underlying technology. That way, you can fund your account with Bitcoin without worry. Also, you can enjoy various BTC welcome bonus offers when you make a minimum deposit with crypto.
Once you understand how to deposit using this currency and what it entails to get started at Bitcoin casinos, you will enjoy freebies that will help make your gambling experience even more exciting. That way, you can try your luck on jackpot slots or other online slots and casino games until you win a substantial payout.
You can withdraw funds using this payment method with enough money in your bankroll. Fortunately, it is much easier to withdraw funds when you already know how to deposit with the payment option. The process is straightforward. However, ensure you follow the steps below when you want to withdraw Bitcoin.
- Go to the cashier page of the casino
- Select Bitcoin from the list of withdrawal options
- Enter the amount you want to withdrawal
- Copy your BTC wallet address
- Double-check that you have the correct address
- Enter the address in the appropriate field
- Confirm your withdrawal
Once you can follow these steps and pay attention to the instructions from the casino, you won’t have any issues withdrawing your wins at a Bitcoin casino site. And you can continue to repeat the process for as long as you want.
Payout Times & Fees in Bitcoin Casinos
When it all started, transactions in Bitcoin and other cryptocurrencies were expensive, but thanks to various innovations we’ve seen over the years, it has become much cheaper. As a result, investors can now make large transactions with little to no fees attached. So you won’t have issues getting it done whenever you want to deposit or withdraw.
In that case, many players are drawn to making Bitcoin transactions when playing casino games online. Another reason they choose this payment method is that the payout times are swift. Transactions with fiat currencies and methods can take between a few hours to some days. But with Bitcoin, it takes less than an hour.
You can complete your transaction within minutes, and there are no restrictions on requesting a withdrawal. Also, there is not much verification when using this payment option. Therefore, the process is simple, and you are good to go if you don’t make mistakes with the transactions. The process won’t take long if you understand how to use Bitcoin to withdraw funds at online casinos.
Everything About Bitcoin Casino Bonuses
Playing with Bitcoin has many benefits, and among them are the different bonuses you can enjoy when you play at a Bitcoin casino. Fortunately, you can explore an array of offers at these crypto casinos. You can always enjoy them if you pick the right casino to join and follow the instructions.
You will enjoy no-deposit and deposit bonuses when you play at Bitcoin casinos. These offers are also spread into different bonuses. So, depending on the casino you choose to join, you will have access to various bonuses. You can check the promotions page to see the casino’s bonuses for its members.
Deposit Bonuses
When you start playing at Bitcoin casinos, you will be eligible for different offers, and a popular category is the deposit bonus. In this case, you must use Bitcoin to fund your account. However, deposit bonuses come in different forms, depending on your chosen casino.
In that case, you might want to check the casino site you want to join to see what deposit bonus offers are for newbies and existing players. That way, you can be sure you will get the best experience when you create an account and make your first deposit and other deposits.
The different deposit bonuses you can claim when you join Bitcoin casinos are highlighted below. That way, you will know what to look for when choosing a Bitcoin casino site.
- Matched Deposit Bonus: This type of bonus is pretty straightforward. Players must fund their accounts with a minimum deposit using Bitcoin to claim this offer. And in most cases, the offer is a match bonus for your deposit. For instance, you can get 100% of your deposit up to €1000. So, if you deposit €100, you’ll receive €100 in bonus money.
- Welcome Deposit Bonuses: This offer is similar to the matched deposit bonus but varies based on the casino you join. In this case, the percentage can vary from one to another. For example, when you deposit with Bitcoin, you can get 100%, 200%, 50%, 150%, etc. So, you might want to check the bonus to see what it entails before you decide to create an account and deposit money.
- Sticky Deposit Bonus: Sometimes, the deposit bonus has bonus terms you must fulfil. To fulfil the playthrough requirement, you must wager your deposit and the bonus money for sticky deposit bonuses. So, in this case, the money you deposited and the bonus money are attached. As a result, you can’t withdraw your money until you meet the conditions.
- Non-Sticky: This offer is the opposite of the Sticky offer, where the bonus money is separate from your deposited money. Therefore, you only need to focus on fulfilling the wagering requirement on the bonus funds. This offer is better because you can win more without risking the money you deposited if you’re lucky.
- Reload Deposit Bonus: Newbies can enjoy welcome bonuses. Meanwhile, existing players can claim reload offers. These offers are similar to the welcome deposit offer. Depending on the casino’s terms, you must make a minimum deposit and get a percentage back. The offer can also come with additional rewards.
- Multi-Deposit Welcome Bonuses: Many Bitcoin casinos offer players a mouthwatering welcome package beyond the first deposit. In this case, you can enjoy bonus offers on your first, second, third, and maybe fourth deposits. So, the more you deposit, the more bonus you can claim from the casino, making it a practical way to kickstart your gambling journey.
With deposit bonuses, you’ll start your gambling journey on the right foot. You can even win a substantial payout with the offer if you’re lucky. Fortunately, most Bitcoin casinos today are worthwhile and offer deposit bonuses to new and existing players. You can check our site to pick one with enough bonus offers.
No-Deposit Bonus Offers
Like we have deposit bonuses, some casinos also offer no-deposit offers. They give players a chance to enjoy their gambling experience without depositing money. In this case, these Bitcoin casinos allow players to claim offers differently. The good thing is that these offers can come as welcome or reload bonuses.
- Welcome No-deposit Offers: Players can claim a welcome offer before they make their first deposit. So, you can try your luck with different casino games without worrying about making a minimum deposit. So you can start playing your favourite game with ease.
- Reload No-deposit offers: Like the welcome no-deposit offer, players can claim reload no-deposit offers. Although this type of no-deposit bonus is difficult to come by since most casinos reserve this offer for newbies, you will enjoy claiming this bonus, especially if you want to improve your gambling experience.
You might want to check the casino you’re planning to join to confirm what type of no-deposit offer they have. Additionally, you should know what players are eligible to claim the offer. Sometimes, you might have to contact customer support to learn more about the bonus offer.
Free Spins and Free Bets
Many Bitcoin casino sites offer free spins. Slot lovers can claim these bonuses to play online slots at the casino. In this case, it can come as a part of your welcome bonus package, reload offer or as a standalone bonus. What you’ll get depends on the casino you join and available offers.
Free spins are worthwhile bonuses that can help, especially if you’re trying out a new slot game. However, you must understand that the terms might vary.
- Some free spin offers might only be available for specific slots.
- You might need to deposit a certain amount to claim the bonus.
- Free spins come with wagering requirements.
Aside from these terms, you should check the casino’s bonus terms before claiming the offer to see what other requirements you must fulfil. That way, you will know what it entails to claim the offer and can proceed accordingly. Additionally, some Bitcoin casinos have a sportsbook section, so they offer free bets alongside their free spin bonuses.
Cashback
Winning and losing are unpredictable when you play at an online casino. Unfortunately, players experience more losses than wins. As a result, many casino sites offer cashback on losses. In that case, they accumulate your losses over time and give a percentage back to help you through your adventure. At most casinos, you will enjoy the following;
- Weekly cashback: In this case, losses are calculated over the week, and the player gets a percentage of the total amount as cashback. You can use the bonus money to claim some of the lost money.
- Monthly cashback: All your monthly losses are added together, and you’ll receive a percentage back from the casino. You can use the offer to play different games, and once you fulfil the wagering conditions, you can withdraw the money.
- Daily cashback: Some casinos offer cashback on your losses from the previous day. In this case, once you log into your account the following day, you can claim the cashback bonus on your lost money.
The bonus offer you’ll get depends on the casino you join. In that case, you might want to check the casino’s bonus page to know what offers are available.
Tournaments
Most of the best Bitcoin casinos have an extensive list of incentives. They allow players to enjoy their gambling journey. In that case, they offer various tournaments. And once you join the casino and meet the requirement, you can participate in the tournaments the online crypto casino organises.
You should expect to enjoy the following tournaments when you play at these casinos. However, ensure you check the rules before you enter so you don’t miss anything.
- Drops & Wins Promotions: Many casinos organise daily and weekly drops for players to participate and win prizes. Some of these tournaments are specific to certain games or providers. So, it’s vital to check before you enter.
- Freeroll: Poker lovers can enter this tournament to get a shot at winning incredible prizes. So, if you love poker games and want to expand your knowledge, you should consider freeroll tournaments.
- Seasonal: Some casinos offer seasonal tournaments to ensure the excitement is continuous. In that case, players can get consistent updates on the following tournaments. Note that these tournaments vary based on different factors.
- VIP/Loyalty Programs: To keep the gambling experience exciting, Bitcoin casinos reward players based on their loyalty and activities. So, the more you play, the more points you might get.
You might have to check for some of these promotions with the customer support team to get more information. That way, you will know how to enter and the rules of engagement so you don’t labour in vain or waste your money.
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