Bitcoin Casino Gambling Guide and Tips in 2022

Many players enjoy crypto casinos, bitcoin casinos, and other virtual currency accepting online gambling sites because they are often more generous than regular casino sites, provide a decent return to player (RTP) and are quick to pay out winnings. And, as the number of sites accepting crypto payments grows, you as a player will be able to enjoy more; however, some things may raise concerns in your mind, such as: where do I begin? So, if you want to start playing in online casinos with cryptocurrency, you’ve come to the right place. We’ll walk you through everything you need to know to get started in this bitcoin casino gambling guide.

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Overview of Online Bitcoin Casinos

Properly licensed bitcoin casinos are no different from real money online casinos in terms of what is required to sign up and play. You’ll need to provide some personal information, including your name, date of birth, email address and proof of identification and/or proof of residency.

You can have a lot of fun and a chance to win some BTC if you play at bitcoin casinos, but you also risk losing it. There are also safety and security risks, as well as the possibility of addiction. You can’t avoid the possibility of losing your bets.  You can, however, ensure that you get the most enjoyment for your bitcoin deposits by paying attention to all of the important factors that determine a high-valued bitcoin casino.

Let’s take a look at the main criteria you need to consider before signing up.

Restricted Countries

Even though many crypto casinos accept players from all countries, some still prohibit players from certain jurisdictions. Make sure your country is not on the banned list. To do this, look for it by name in the casino Terms and Conditions, or ask the support team.

Cryptocurrency Options

After you have made sure that it is possible to register from your country in the selected casino, you need to check the list of supported tokens. If you want to use a coin in the list for playing, proceed to the next step.

Reputation and Trustworthiness

Take the time to look for bitcoin casino reviews! There are many specialized sites where gamblers submit complaints about the casino. Check out their content and the attitude of other players towards this casino. You can also find plenty of detailed online casino reviews right here on Onlinecasinoinfo.eu.

Essentially you want to be looking for legitimate and trusted EU casino operators with a solid operating history so that you don’t have any (potential) problems in the future and can concentrate on playing your favourite games.

Certifications

Third-party certificates focus more on determining if the operator is running fair games where the results are random and not influenced by the casino in a clearly detrimental way to players. So, it’s a good sign for any crypto operator that’s made an effort to go to a trusted third party and gain their certification.

The certificate issued will confirm the games are fair. An excellent example of a certification body is the Crypto Gambling Foundation, the most prominent firm that tests games to ratify them as Provably Fair. Equally, iTechLabs is a name to note. These guys have been renowned for running a testing and certification lab for online gaming systems since 2004.

Gambling License

By holding a recognized gambling license, any casino is signalling to players that it has satisfied the legal requirements of the licensing authority that authorized it to operate. One regularly seen name in gambling licensing is Curacao, a jurisdiction in the Dutch Antilles that many Bitcoin casino sites across Europe prefer.

Costa Rica, the Kahnawake Gaming Commission, and Panama are other jurisdictions you will encounter. These three are particularly popular with sites that accept US-based players.

The issue of a license doesn’t guarantee the safety of any particular Bitcoin casino, but it’s a good indicator as a start. Equally, it doesn’t mean that an unlicensed operator is necessarily wrong, but that you should approach it with some caution.

Casino Bonuses

Many players value bonuses in any online casino, but for crypto, these perks are often significantly more valuable than bonuses you’ll receive for fiat deposits.

💡Be aware of the wagering requirements for bonuses! Welcome bonuses and other ongoing perks are often good news for players, but they come with a catch – if you want to cash out your winnings, you may not be able to do so. That’s because nearly all bonuses have wagering requirements attached.

That’s to say, rules are stating how many times you need to play through the amount of your bonus before you can withdraw. You want to have this figure as low as possible, so you can get your cash if you win.

Strong Customer Support

You’re going to need some help with a problem in your casino account at some point, or maybe even you’ll just have a quick query about a bonus or specific games. Good customer support is necessary here and is one area you’ll want to investigate before signing up if possible. We recommend always searching for an operator that offers live chat functionality. The live chat function is often the quickest and easiest way to get a query answered or a problem resolved.

Software and Games

The software is the engine that powers the casino and games. Top-notch bitcoin casinos will partner with respectable software providers who also develop gaming content for real-world casinos. You want to see big-name providers such as Playtech, Microgaming, NetEnt, and Betsoft Gaming powering the site. This ensures a high level of game quality and variety.

Provably Fair Games

Anyone entering the world of crypto-based gambling might be hearing the words’ Provably Fair online casino’ for the first time. But you need to be aware of the term. Provably Fair describes a technology for gambling online that is rapidly becoming essential in the industry, especially in Bitcoin gambling sites.

💡So what exactly does provably fair mean? It’s what’s known as an algorithm. It is a technical solution for monitoring and checking whether a casino operates fairly towards its players. With this algorithm in place, players can be more comfortable knowing they’re not getting ripped off.

User Experience

Bitcoin casino games are often indistinguishable from those you will find in traditional online casinos. However, there are some subtle differences that you should be aware of so as to make sure you have the best user experience possible when gambling with Bitcoin.

Look for an online casino that offers a wide variety of games including slots, table games, and live dealer games. Also, check out if the casino has a mobile app – this is important because many gamblers like to play on their phones.

Getting Started with Bitcoin Casinos

The process of starting to play at a bitcoin casino is divided into three steps:

1. Choose your bitcoin wallet
2. Buy bitcoins
3. Make a deposit at the casino and start playing.

To begin, we recommend you to select the best bitcoin wallet for your online casino deposits. A cryptocurrency wallet is where you keep your tokens. You use it to make a casino deposit and withdraw your winnings. All this is important, so it’s an important decision. You have the option of using a desktop wallet, a mobile wallet, or even a hardware wallet:

  • Desktop wallets can be installed on your computer and used to store your bitcoins offline;
  • Mobile wallets are apps that can be installed on your smartphone or tablet and used to make payments online and in physical stores;
  • Hardware wallets are physical devices that look like USB sticks and allow you to store your bitcoins offline;

To select the right crypto wallet for you, consider your intentions and what kind of security you need. Below we’ve listed some of the most popular BTC wallets to consider.

Trust - Crypto and Bitcoin Wallet Featured on App Store

TrustWallet

Trust Wallet is a mobile crypto wallet. You can only use it on your smartphone. However, the advantage is that you can store many different tokens on this wallet. It has a user-friendly design, so even a beginner can navigate there. Trust Wallet is safe to use and free. It is decentralized and open-source, so you don’t have to worry about your data. And the main advantage of this wallet is user ratings. The app has 4.8 and 4.7 ratings in Play Store and App Store, respectively.

Metamask Blockchain Wallet on App Store

Metamask

Metamask is the most popular decentralized crypto wallet. It is only available in the web version on the desktop as an extension for Chrome, Mozilla, Brave, and Edge browsers. In addition, it has a mobile version. Metamask is an excellent choice for gambling as it can be integrated into some crypto casinos. Thanks to this, you can quickly log in and withdraw your winnings in a couple of clicks.

Exodus

If you play from a computer or laptop most of the time, it is better to choose a desktop wallet. One of the best wallets of this type is Exodus. It works on all major platforms: Windows, macOS, and Linux. In addition to storing and transferring cryptocurrencies, the wallet has other functions. Here you can exchange cryptocurrency without registering on the crypto exchange.

Electrum

Electrum is one of the first Bitcoin wallets ever created. It has been around since 2011, two years after the creation of Bitcoin, and has remained pretty unchanged over the years. Despite its sparse features and commitment to only Bitcoin, it excels at its primary function. The Electrum wallet is ideal for advanced Bitcoin holders who prefer a simple layout coupled with excellent security features. Electrum can also be used through TOR and is ideal for people who have a large stock of Bitcoins.

Mycelium

The Mycelium Bitcoin wallet is an open-source mobile-only application launched in 2013. The wallet has a built-in exchange and supports Bitcoins, Ethereum and ERC-20 token transfers. Users can install it from Google Play and use it right away. Mycelium also provides hardware wallet support, allowing users to hold their BTC on the device offline.

Trezor Model T

Trezor Model T is a cold bitcoin wallet featuring a touch screen and MicroSD card slot, allowing users to encrypt their PINs and secure their devices. The Trezor Model T supports 1,200+ different coins – the best option for those working with many digital assets. Its price is between 180-190 EUR. Compatibility: Windows 10+, Linux, macOS 10.8+, Android.

Ledger

Designed to support six different applications, the Ledger Nano S hardware wallet is the company’s first product. The Nano S version is suitable for beginners seeking an easy and secure place to store their coins offline. Ledger Nano S is the world’s most popular hardware wallet, according to 3500+ reviews on their official site.

  • Ledger Nano X is the latest version of the hardware wallet from Ledger. It supports Bluetooth connectivity and allows the installation of up to 100 apps, enabling users to manage 1,500+ coins and tokens. The company has also developed Ledger Live, a hardware wallet interface app that provides real-time price updates.

Buying Bitcoins Online for Casino Deposits

Once you have chosen a bitcoin wallet, the next step is to buy bitcoins. Among the most straightforward options for new bitcoin buyers is Coinbase, a cryptocurrency exchange that allows purchasing Bitcoin Cash, Ethereum, Litecoin, Bitcoin, and other cryptos by using PayPal, bank transfer, debit or credit cards. ​Buying BTC for the first time takes about 20 minutes.

Portfolio of cryptocurrencies on coinbase.com Pictured: Portfolio of cryptocurrencies on coinbase.com.

With Coinbase, you can buy, sell, earn, and learn everything about crypto on a trusted and simple-to-use platform. Besides the basic Coinbase service, there is also Coinbase Pro, which is considered a leader in digital currency trading online. The following are the steps for purchasing bitcoin via coinbase.com:

  1. Visit coinbase.com or install the Coinbase app from Google Play;
  2. Create your Coinbase account;
  3. Verify your email;
  4. Verify your identity;
  5. Add your prefered payment methods;
  6. Make your account secure by setting up two-step verification;
  7. Buy Bitcoin.

Buying Bitcoin for Gambling on Coinbase

Coinbase is a perfect option to get your first BTC coins quickly; however, do not deposit directly to an online casino site from Coinbase if you wish to use this service. Following their terms and conditions, transactions to and from gambling sites are prohibited.

Coinbase prohibited businesses and conditional use regarding online gambling

Instead, follow these steps:

  • Coinbase → your BTC wallet → online casino
  • Online casino → your BTC wallet → Coinbase

You can see that there’s nothing to be worried about with this process. If you are new to crypto gambling, it can be challenging to figure it out at first. But millions of players are already enjoying playing their games with Bitcoins, and they’ve all navigated these processes involving wallets and exchanges.

Depositing Bitcoin in an Online Casino

After you’ve purchased some bitcoins and created an account with your preferred BTC online casino, the next step is to make a deposit. The procedure is straightforward:

  1. Sign in to your account and select the “ Deposit” option;
  2. Choose BTC from the cryptocurrency options and enter the deposit amount;
  3. Use your mobile device to scan the QR code or copy the casino’s BTC wallet address;
  4. Press the “ Send” button and wait for the transaction to be completed;
  5. Your crypto will be credited to your casino account shortly, and you will be able to begin playing.

Withdrawing Bitcoin from an Online Casino

When it comes to withdrawing your winnings, the process is just as easy as depositing.

  1. Sign in to your account and select the “Withdraw” option;
  2. Choose BTC as your withdrawal method and enter the withdrawal amount;
  3. Press the “Send” button and wait for the transaction to be completed;
  4. Your funds should reach your wallet within a few minutes.

Now that you know how to buy, deposit, and withdraw bitcoins from your online casino account, let us tell you about some bitcoin alternatives that are popular among casino players.

Gambling in Casinos with other Cryptocurrencies

It’s not just Bitcoin that players can use for funding an online gambling account, and there are several different tokens you can use. BTC is number 1 in many ways, including its prevalence in online crypto casinos. It is difficult to find a cryptocurrency casino that does not accept bitcoin, so the terms “Bitcoin Casino” and “Crypto Casino” are synonymous.

While there are many other coins and tokens, not all of them are good for helping to transact with online casinos. Some are extremely rare, and it is difficult to find a casino that accepts them (like Monero). In contrast, others are simply not profitable due to gigantic fees for miners (like Ethereum). If you’re keen to use an alternative to Bitcoin, we have listed the top 3 alternative cryptocurrencies ideal for gambling. Bitcoin Cash would be a reasonably good alternative to any of these.

Tether (USDT)

Tether is a stablecoin , the rate of which is pegged to the US dollar. 1 USDT always costs 1 USD. This fact makes this token an ideal choice for crypto gambling newbies and those afraid of volatility. Tether is widely spread in crypto casinos. It’s fast, anonymous, and safe. But at the moment, it is experiencing difficulties with the size of the commission to miners. Most casinos accept USDT only in the ERC0 network, so you must pay decently for the transaction.

Dogecoin (DOGE)

The meme-cryptocurrency that many people heard of in 2021. But it was created much earlier and is successfully accepted for playing in many crypto casinos. DOGE is an excellent choice for those who play in casinos for not small amounts. It’s cheap, has one of the lowest fees on the market, and is super fast.

Litecoin (LTC)

Litecoin is a great alternative to Bitcoin. The token was created in 2011 and has remained very popular since then. You can play at LTC on almost every cryptocurrency gambling site. This token has absorbed all the strengths of Bitcoin and made them even better. It is faster and cheaper to use. In addition, its price is much lower, so the volatility impact isn’t so high.

What We Like About Bitcoin Casinos – Pros

Cryptocurrency accepting casinos have some significant advantages compared to classic fiat online casinos. These advantages push players to choose favour of cryptocurrency gambling sites. Let’s explore some of the pros and positive experiences you’ll get as a player.

Anonymity

Due to the decentralized nature of Bitcoin, users can gamble online from anywhere in the world. Moreover, Bitcoin-only online casinos offer the opportunity to remain completely anonymous, enabling players to deposit and withdraw funds without revealing their identity. Many crypto casinos do not require players to go through the KYC procedure or simplify it. For example, you are unlikely to be asked to provide the source of your crypto’s origin. In addition, cryptocurrencies allow anonymous transactions. And if third parties do not know the address of your wallet, then no one will know that the transaction belongs to you.

Wide Range of Casino Game

There are certainly no shortages of different games to play in any online casinos, and the libraries you’ll find in any Crypto casino are likely to be just as varied. Certain types of games can only be played with Bitcoin or another Cryptocurrency. Crash real money games are a good example, where you wager Bitcoin on how high a rocket will travel before it comes crashing down to earth – choose the right moment and win yourself plenty of coins, wait too long, and you’ve lost the bet.

Low Transaction Fees

You pay lower fees than fiat payment methods by using cryptocurrencies for a deposit or withdrawal at a casino. These lower fees are achieved because companies or people creating tokens don’t profit from transaction fees. But it’s worth mentioning that this rule does not apply to all tokens. And you will have to pay decently for using some cryptocurrencies. This is temporary, and the creators of these coins are working to reduce the commission as much as possible.

Higher Withdrawal Limits

Crypto casinos are a high roller paradise! Where else can you find a place to bet $5000 or even $100,000 at once? In a cryptocurrency casino, this is not a problem. The ability to place these big bets is mainly due to the growth in the rate of cryptocurrencies. Of course, such bets require significant withdrawal limits or their absence. And crypto casinos give that to players as well.

Worldwide Acceptance

If you have difficulty finding online casinos in your country, you should pay attention to crypto casinos. Many crypto casinos accept players from anywhere in the world. And if your country is prohibited, then there are crypto casinos that allow VPNs to bypass the blocking.

Fast Transactions

Compared to fiat e-wallets, and even more so to bank transfers, transactions in cryptocurrencies are instant. The deposit and withdrawal of money from the casino will take minutes.

What We Don’t Like About Bitcoin Casinos – Cons

Compared to the advantages, the disadvantages of crypto casinos are not so significant, and some of them can be removed under certain conditions. But it would still be fair to indicate them.

No Regulation

Most cryptocurrencies are decentralized. This decentralization means that there is no single organization that manages the token. It’s an advantage, but there is also a dark side. If something happens to your cryptocurrency or wallet, no one can help. Hacked or damaged the wallet, forgot the password, accidentally confused the fees’ size and the transaction amount? In all these cases, you can say goodbye to your virtual money.

Transactions Can’t be Cancelled

If you click the submit button, you can no longer cancel the transaction. The record about it got into the blockchain and cannot be changed. We advise you to be careful when copying wallet addresses and check them several times.

Volatility

You’ve probably heard of cases where the price of bitcoin has jumped and fallen by several thousand EUR, USD, etc. But this disadvantage can be levelled by raising a stablecoin for the game, for example, Tether. It has the same value of 1 USD all the time. If you choose highly volatile tokens for the game, be prepared.

Scams

There’s very little doubt that you won’t have heard of some type of scam involving cryptocurrencies. They seem to be a target of many scammers, mainly because it’s nigh impossible to reverse and get any lost coins back once a transfer completes.

None of this is a problem in the casino world as long as you use legitimate online gambling establishments. However, in the past, there were some rogue BTC casinos just the same as there were – and still are – some fiat ones you can’t trust.

The advice we’d have here is always to do your research or follow the recommendations of someone you trust implicitly. It’s not too hard to search for a blacklisted online casinos list, which will show rogue Crypto casinos.

  • Another downside is depositing BTC, but betting with fiat. At many Bitcoin casino sites, you’ll be making your deposits in cryptocurrency but placing your bets or wagers in a fiat currency. So, you’ll need to be very much aware of the transfer rate at the time. Luckily this works in your favour most of the time since we all know the value of a fiat-based bet. But when depositing, be careful to check that the correct figures show in your balance. You don’t want to be making a bet that’s out of line with your normal range.

Summary

When an anonymous programmer with the code name of Satoshi Nakamoto created Bitcoin in 2009, little did they know that the first cryptocurrency would be the first of many that would eventually be used as payment methods to fund accounts for online casinos. Since 2011 – when the first online casino began transacting with Bitcoin – the number of gambling sites offering crypto as a deposit and withdrawal method has risen astronomically.

Today, the anonymity, flexibility, safety, transfer rapidity, and inherent financial value of virtual currencies are solid reasons for gambling communities’ continued growth and general acceptance as reliable banking methods.

Trust levels are growing, and names like Bitstarz are leading the way in positioning the top bitcoin casino sites as the preferred gambling destinations of many players.

There’s no doubt that crypto-based gambling is here to stay!  One of the best ways to take advantage is to identify a provably fair Bitcoin casino site that you can trust from the examples we’ve listed here, load up your account with some Bitcoin transactions, and get playing the games.

In conclusion to our investigation, there’s not much more to say other than why not check out one of the best bitcoin casinos we’ve identified and find out for yourself how easy it is to deposit with cryptocurrencies and enjoy the gaming.

Frequently Asked Questions

Bitcoin (₿) is a digital currency that belongs to a peer-to-peer electronic cash system that is not tied to any asset or fiat currency and is not subject to anyone. Bitcoin is used for online payments or trading on cryptocurrency exchanges such as Binance, Huobi Global, Coinbase, Kraken, etc.

In fact, Bitcoin is an ordinary computer program not located on a single computer or server but on millions of computers that communicate directly through this program. Take Torrents as an example. You install the program, and many others do the same. Once the installation is complete, you will be able to transfer files directly between each other without anyone’s involvement and control over the process. The Bitcoin system works pretty much the same way, with the only difference that the program’s task is to transfer virtual coins instead of files.

Yes! Crypto casinos are not inferior to fiat casinos in terms of security, and in some aspects, even surpass them. You should always be on the lookout for scams and rogue operators, but that’s the same with traditional fiat casinos as well.

To create an account in a crypto casino, you need to click on the “Sign Up” button and fill out the form. It is enough to enter your email and create a password in most cases.

Go to the “Deposit” section at your casino. Copy the wallet address associated with your account or scan the QR code. After that, send the desired amount of cryptocurrency from your personal wallet to your casino account.

The most popular crypto games are Crash and Dice. But you can find classic casino games like slots, blackjack, and roulette there as well.

Provably Fair casinos should provide an opportunity for everyone to make sure that the game’s outcome is fair. If your casino supports this algorithm, you will see it labelled in a special section.