Top Bitcoin Casinos

Bitcoin is a method of payment that has seen an incredible growth in popularity in the last few years. People are still very wary of using it as a form of payment as many don’t fully understand the concept. As a result, there are still many online casinos that have shied away from using it as a viable payment method. However, there are now new Bitcoin casinos popping up and there are definitely some interesting and already established Bitcoin casinos in the UK now in the running. It will take a while before it becomes more commonplace as people are still adjusting to this confusing form of cryptocurrency.

In this Bitcoin review, we’ll be going into more depth about how this type of payment method works in the world of online casinos, the different types of new bitcoin casino types out there, how to get yourself a bitcoin wallet.

Bitcoin Review

Initially, the idea of gambling with Bitcoin may be a little intimidating, but don’t let that stop you from giving it a go.

Firstly, you have to set yourself up a bitcoin wallet. This is the most important step. There are three different types of bitcoin wallets to choose from – online wallets, offline wallets (software wallets) and the hardware wallets. If you visit bitcoin.org, you can choose the type of wallet you want. The most secure of all the wallets is the hardware wallet. However, the easiest wallet to start using is the online wallet, so this is probably the best one to start off with. Whatever one you choose, as long as you read the instructions and figure out how the interface works, you’ll be fine.

To get bitcoins in your wallet, you can either ask people to transfer bitcoins to you or you can purchase them with normal money. If you join a new bitcoin casino, then the best ones let you register with an empty bitcoin wallet and provide detailed instructions on how to obtain your bitcoins. The most essential thing is that you have a bitcoin wallet. Using bitcoins at a casino is all about how to deposit and withdraw them. After registering, you can go to your cashier page where you can withdraw or deposit your bitcoins. It’s easy to quickly figure out how to use bitcoins in the best bitcoin casinos as they assist you in the process.

Is Bitcoin Free to use at Online Casinos?

In most casinos, bitcoin is completely free to use – just like any other form of payment around. However, online casinos and specialised bitcoin casinos vary widely, each having their own terms and conditions for specific forms of payments. If the casino is trying to encourage the use of bitcoin as a new payment method, then charges are unlikely. However, if this is an option that is not favoured by the casino, then there may be certain charges, such as withdrawal charges attached. Be sure to check with each individually.

The Strengths and Weaknesses of Bitcoin

As a relatively new and upcoming payment method, there are many pros and cons with using it as your payment method. When it comes to strengths, firstly, there’s the fact that most online casinos that accept bitcoin are trying to encourage the use of the currency and don’t charge any fees when depositing or withdrawing funds into your account. Often, when using debitcards or other payment methods, withdrawal fees can be quite common. Furthermore, bitcoin transactions tend to be very secure. As long as you understand how to properly use and secure your bitcoin wallet, this is one of the safest ways to deposit. A close alternative is creating a PayPal account which allows you to use your debit card without disclosing its details to the casino.

Also, using Bitcoin doesn’t involve any third parties; this means that transactions tend to be speedier than with other payment methods. Withdrawals have the ability to be almost immediate – unless the online casino itself is making the process slower and more complicated. Furthermore, bitcoin casinos offer complete confidentiality. You can play however much you want without divulging your personal information.

The main disadvantage at the moment is the lack of regular online casinos that accept Bitcoin. There are a few that are getting in on the act, but many of the online casinos that accept Bitcoin are specialist casinos that aren’t necessarily as well established as others. This can limit the number of casinos and the quality of the casino you can access now. Consider Paysafecard casinos as a viable alternative. You’ll be using a pre-paid card to deposit your money, thus increasing your privacy and security levels.

Any Bitcoin Specific Bonuses?

If you’re checking out the best bonuses, then using Bitcoin allows you to access most. However, most online casinos don’t offer specific bonuses to any payment method, and Bitcoin is no difference in this sense. You might get different bonuses if you visit a specialised Bitcoin casino, but the standard ones don’t reward you. Check carefully the terms of the bonus to see whether you can claim it with a Bitcoin deposit.

Bitcoin Security Consideration

Bitcoin is a safe way to make your payments, but if you want to fully secure your Bitcoin wallet, there are steps to take. Firstly, be careful with online wallets. Although they are secure, any money stored online can be vulnerable. The hardware wallets are generally more secure. If you do use an online wallet, the two-factor authentication is a good idea. Another point is to treat your bitcoin wallet like your ordinary wallet – don’t walk around with loads stashed in it. You wouldn’t walk around with thousands in your money wallet… try and keep smaller, everyday funds there. Also, be sure to back up your wallet. A backup of your wallet can protect you against computer or human errors. Now, let’s review briefly the main points that we went through when it comes to security:

• Two-Factor Authentication
• Back-Up Your Wallet
• Do Not Share Your e-Wallet

You can also recover your wallet if your computer is stolen and your wallet is encrypted. Be sure to also encrypt your online backups as well. If you encrypt your wallet and set a password this protects it even more from thieves – use a strong password. Also, try to use an offline wallet for any savings or larger sums of bitcoin money.

Can I use Bitcoin at Every Casino?

Bitcoin is still up and coming and as such isn’t commonly found amongst standard online casinos. There are a few new casinos that accept it – and the newer a casino, the higher chance there is that it will be accepted. However, there are quite a few special Bitcoin casinos now, that are designed with the cryptocurrency in mind. If you’re new to using this form, it might be good to look at one of these and understand how it works properly.

Using Bitcoin on Your Mobile

Using Bitcoin on your mobile is very similar to using it on a desktop. You do, however, need to be careful if you have your online Bitcoin wallet on a mobile device in case it gets lost. If you do have access to it on your mobile, ensure that all the necessary security checks are done. We reviewed a number of operators and the best Bitcoin mobile casino according to us is:

Company Information

Bitcoin is described as a ‘digital asset and payment system’. It was invented in 2008 by Satoshi Nakamoto and in 2009, it was released as open-source software. The original idea behind the cryptocurrency was to produce a way of exchange without relying on a central authority. If both parties in the exchange accept and use bitcoin, then it works exactly the same as any other form of online currency transaction.

The main difference is decentralisation. If you perform an online transaction using standard currency, your bank sends money to the other person’s bank. This allows you to cut out the need for the ‘bank’. It started off small and many people were wary of the idea, but it has become bigger and bigger. This is a currency that could potentially boom in the future.

Conclusion

Here at our new online casino site, we believe this is a very exciting and interesting way of making payments. Online casinos are still feeling their way around this method, but the newer casinos tend to embrace it more. There are many advantages to using Bitcoin once you become confident and know what you’re doing, although the main disadvantage is that many top casinos don’t yet accept his as a form of payment. It will grow in the future and before long, Bitcoin payments will be much more common.