Bitcoin Casinos delivers real money online casino experience but using the virtual currency. Bitcoin, in particular, commands a massive following as the safest internet currency, yet not very few casinos have embraced it as a payment method.
This guide is to provide in-depth knowledge of how cryptocurrency works and how they are changing how we play casino games. Further, we help you identify and compare the best BTC Casinos that accept American players based on several factors. We look at the payout speed, bitcoin casino bonuses, and the available BTC games you can play for real money.
- 1 What is Bitcoin Casino?
- 2 How BTC Casinos Work
- 3 Pros and Cons of Bitcoin Casinos
- 4 Best Bitcoin Casinos 2020
- 5 Be wary of Bitcoin Casinos
- 6 Conclusion
- 7 FAQs
What is Bitcoin Casino?
In the wake of the 2008/09 financial crisis, bitcoin emerged and has since continued to gain popularity across the globe as a digital currency. It has created a new flourishing economy that replicates the existing traditional currency-based economy. Online gambling, gaming, and lotteries are not left behind. Through online bitcoin casinos, now players can wager with bitcoins and win real money.
Bitcoin casinos or BTC casinos accept bitcoin as a method of payment. Some of them transact only in bitcoins, but others offer bitcoin to complement the traditional currencies like USD, Euro, or pound.
An increasing number of internet casinos provide real money games in bitcoin. We attribute this growth to the currency’s decentralized nature, which makes it difficult to subject it to local laws. And now, as a result, even people from countries that have long forbidden gambling can access real money casino games at the comfort of their homes. With BTC, casinos have a wider reach and multiple options for players to have fun while trying their luck on various games.
How BTC Casinos Work
Bitcoin Casinos work the same way as the traditional internet casinos, with the key difference being how they accept they transact.
In recent times, as bitcoin’s popularity continues to skyrocket, there has been a surge in appetite for cryptocurrency-based services. Bitcoin transactions are way faster than fiat. For this reason, Bitcoin Casinos, among many businesses, have adopted this mode of deposit and withdrawals to facilitate instant transactions.
Like any online business, the software is at the heart of online gambling. Casinos need games, security, and network solutions. The good news is most casino software developers have also switched gears and are developing bitcoin games. On top of that, some casinos have taken a step further and are developing their proprietary gaming software.
When it comes to the network and the security of the bitcoin casinos, the distributed ledger technology comes into play. Most games on the Bitcoin network are easy to verify. Using the technology, players can independently confirm the randomness, and hence the fairness of each game outcome. So, BTC casino games are impossible to rig.
Other than speed, bitcoin transactions exhibit pseudo-anonymity, meaning it’s difficult to get the true identity of the players. And most bitcoin casino sites don’t charge transaction fees and have a high withdrawal limit.
Pros and Cons of Bitcoin Casinos
- Security – the complexity of the bitcoin system makes it harder to hack. Thus, BTC casinos are safer than conventional ones.
- Pseudo-anonymous transactions – No linking paper trail, which protects your identity and keeps your information private.
- Cheap transactions – Transactions on the bitcoin network is nearly free as there is no need to deal with third parties like banks.
- Complicated – you have to buy bitcoin or convert them into real cash after winning.
- Legal Concerns – Some countries have banned bitcoin.
- BTC price volatility – the price of bitcoin is highly volatile and changes with the slightest news.
Best Bitcoin Casinos 2020
1. FortuneJack – Best Overall
If you want to play casino using bitcoin without sacrificing a single advantage of playing these games on the internet, then FortuneJack is the ultimate answer. The BTC casino has a variety of games, including top titles from Betsoft, Microgaming, NetEnt, Play’n GO, Playson, Pragmatic Play, Yggdrasil, and Quickspin.
FortuneJack is also one of the few bitcoin casinos that include a live dealer casino. Evolution Gaming, XPG, and BetGamesTV back such games.
You get started with 25 free spins, no deposit bonus, and 110% up to 5 BTC first deposit bonus accompanied by 250 free spins. For every month, you get a 20%% cashback up to $1.5 BTC. Also, there are lots of promotions, reload bonuses, and cash prizes to win for being a loyal customer.
Since it is a pure crypto-casino, FortuneJack does not require you to disclose your location. Thus, it accepts all players, regardless of your geographical location.
Apart from using celebrated casino game software developers, FortuneJack Casino provides provably fair games. Since you use BTC to transact on the platform, you don’t surrender any personal data. Still, the site uses SSL encryption to ensure nothing is compromised.
Pros and Cons
- A wide range of games from top game developers
- live dealer casino games
- Quick crypto withdrawals
- Live chat open 24/7
- No conventional currencies – only support BTC and altcoins.
- No telephone support
2. mBit Casino – Best for Alternative Payment Options
mBit Casino is a leading BTC casino from Direx N.V. Casino. It has a wide variety of games, with slots alone making up to 2,600 of its collections. It is working with some of the top game providers like Amatic, Betsoft, Booming Games, Play’n GO, and many more.
Like FortuneJack, mBit Casino, too, has a live dealer lounge that delivers a realistic gaming experience. Running under the license by the government of Curacao enjoys a considerable reputation in the market.
As a welcome bonus, you get 110% up to 1 BTC match up deposit besides 250 free spins. The second one gets even better as the casino matches 50% up to 2.5 BTC, and the third comes with 75% up to 1.5 BTC.
It does not tie your hands to use bitcoin as you have the option of other cryptos as well as fiat currency. You can use Visa and MasterCard, among other debit or credit cards, or use e-wallets such as Neteller or Skrill.
Its mobile casino is equally exceptional, though it’s not available as an app. You can access its optimized version through the mobile web browser. But the desktop version lays out everything is better.
Most aspects of mBit Casino are appealing. The site further uses 128-bit SSL encryption, ensuring the safety of sensitive information.
For customer support, you can reach out via live chat. Also, you can get answers from the community of players. And if you don’t want to bother anyone, there is a comprehensive FAQ page just for you.
Pros and Cons
- Quality entertainment spot, including BTC games and live dealer options.
- Supports both crypto and fiat currencies
- Generous bonuses
- The site is too crowded and can be a bit confusing
- No dedicated apps for mobile players.
3. BitStarz – Best for Fast Payout
Since 2014 BitStarz Casino, owned by Direx NV Casinos, has been providing excellent gambling experience to punters who wager on bitcoins. The casino operates with a license from Curacao authorities. The casino is a favorite spot for most gamers because it accepts players from all over the world.
The casino gets almost everything right. From an impressive library with top slots and casino table games to providing an exquisite live dealer casino experience.
While it is a crypto casino, BitStarz also allows you to wager with fiat currencies. But what’s the point of using fiat when crypto users enjoy fast, seamless deposits and withdrawals?
Players looking for great bonuses will not be disappointed either. BitStarz provides an extensive welcome bonus package, accompanied by regular promotions. Besides, these bonuses are easy to exploit. All you have to do is create your account in a straightforward process in the intuitive web portal. All these benefits are also available on its mobile casino.
BitStarz customer support service is among the best in the industry. You can reach out via live chat or request to talk to the casino support by phone.
Overall, the BitStarz Casino is an ideal place to play BTC casino games, particularly if you seek quick payment processing.
Pros and Cons
- Quality games and live dealer casino
- Numerous alternative payment options
- Flawless customer support
- No loyalty program
- Phone support only available on request.
4. 7BitCasino – Best for Protective Measures
7BitCasino makes it to this list for its excellent protection measures, quality collection of games, and stellar customer support. But to deliver a complete casino experience, the casino has not confined itself to bitcoin and cryptocurrencies alone. Like its sibling sister sites from Direx N.V., it also supports intercontinental currencies, among them USD, EUR, CAD, and many more.
Anonymity, as one strength of the casino, enables it to accept players from all over the world. On the same note, it clearly states in its policy that it doesn’t share information about your earnings with anyone. That’s amazing because some casinos would use you for promotional activities if you win their jackpots.
Still, on your safety and security, the casino uses a cryptographic system – Secure Sockets Layer to be precise – to protect your data and verify our casino’s identity.
Well, if you have any issues regarding your stay or gaming experience at the casino, you can reach support at any time through an email or live chat support.
Also, all the games on the platform are provably fair: You are free to verify the game’s outcome at the site or the third-party site of your choosing. That’s a sign of none partiality.
If you don’t feel comfortable yet to wager real money, 7Bit provides you with access to free games that you can play for fun. You also have demo videos to help you learn how to wager on BTC casino games. Isn’t that enticing?
Pro and Cons
- Secure – uses a military-grade encryption system
- Uses provably fair games from top-tier providers
- Other than cryptos, it supports a variety of safe banking options.
- No toll-free phone support
- Some of its games are not available in other regions.
5. Bovada Casino – Best for Beginners
Does Bodog ring a bell? It should. The casino is a big name in the Canadian market. Well, Bovada is part of Bodog. When the unlawful internet gambling enforcement act (UIGEA) came into force in 2006, Mohawk Morris Gaming Group (MMGG), which owns both gambling platforms, divested its business to create a brand that would remain in the US market. That’s how Bovada was born on December 14, 2011. Simply put, Bovada.lv is the US-branch to Bodog Casino.
Bovada provides a wide variety of casino games bingo. Punters celebrate it for fast payouts. While it supports Bitcoin and Bitcoin Cash like these other casinos, it converts your BTC to fiat. It means you won’t be staking with BTC currency but fiat.
American gamblers can reach the casino any of the days. Also, you have a free withdrawal each month. The casino has won the heart of most American gamblers because of its long-standing reputation of honoring payments.
The casino also has a lively live dealer room where you can play blackjack, roulette, baccarat, or even super 6. The room includes a live interactive table that makes the experience one of a kind.
You can enjoy the games on both PC and Mobile Casino. Most games are available on handheld devices so that you can enjoy your favorite real money games on the go. While it doesn’t have a dedicated app, the site plays seamlessly on a mobile web browser.
Pros and Cons
- Lucrative welcome bonus plus several optional promotions
- A wide variety of unique games, including live dealer games.
- It’s the most trusted off-shore casino in the country.
- Misses top games titles from top-tier developers
- It doesn’t display it registration certificates at the site
- It converts BTC to fiat, which might lead to a loss in value.
Be wary of Bitcoin Casinos
When you use fiat currency, it is easy to track and identify casino operators, their dealers, or even the individual players. For some bitcoin casinos, this is impossible because bitcoin casinos are minimalists. They take little details about their players. In most cases, an email and a username are enough. Yes, you’ll confirm your age, but no proof will apply. Neither will the website confirm your location.
Secondly, there is a big challenge when it comes to taxes. In most states, it is illegal to gamble online. Even if you are from Nevada or New Jersey, where casino-style gambling is legal statewide, you still have to contend with the federal Wire Act. But the law is also clear that you must declare your income. You can get away with small amounts, but what happens in a hypothetical case that you hit a $1.5 million jackpot at FortuneJack?
Well, you’ll have to give Uncle Sam his cut, but you’ll also have trapped yourself for violating the wire act. Let’s even assume you receive the money anonymously. How will you spend it without the IRS noticing your change of fortune?
BTC platforms live to the premise of the bitcoin currency as a decentralized currency. With that in mind, gambling is complicated to regulate gambling on the BTC network. So, authorities are often reluctant to get involved. And even when they do, they do so with their arms tied behind their backs.
Even though bitcoin casinos are a better alternative to the traditional online casinos, you need to be very careful when choosing where you play. Remember, most online casinos transact business under the confines of the law. After all, these currencies, unlike bitcoin, are backed by governments. We can’t say the same for bitcoin. In most countries, cryptocurrency is a legal grey area in finance. Therefore, take it in your stride to ensure your safety while enjoying bitcoin casino games.
What is Bitcoin Casino?
Bitcoin casino is an online gambling platform that accepts digital currency bitcoin as both payment and withdrawal methods. In most cases, the casino accepts other cryptocurrencies and fiat currency.
Where do I get bitcoin to wager?
There are various ways to get bitcoins, including buying from the BTC exchange, BTC ATMs, or get them from a friend or relative. You can also get them by accepting bitcoin as a form of payment.
Is it legal to buy bitcoins?
Yes. Most countries have not banned bitcoins. Nonetheless, they don't recognize it as a medium of exchange. They see it as a commodity. So, it is okay to buy bitcoins and use them in place of real money.
Is Bitcoin Gambling Legal?
It depends on your state. Gambling laws vary from one state to another. Some ban gambling in its entirety, some partially, while others legalize it. States that have a ban on online gambling, also forbid wagering using bitcoin. But honestly speaking, the whole bitcoin gambling issue is confusing as it has a vast grey area in the law.
Is Bitcoin Safe to Use?
Yes. Bitcoin is the safest way to trade online. Bitcoin casinos use the distributed ledger technology that makes it challenging to alter transactions.