Best Bitcoin Casino Sites (Listed 2020)

Playing At Casinos With Bitcoin

To start playing at Bitcoin casinos, you will need a Bitcoin wallet, of which there are many varieties available for free. The easiest way to get BTC for Bitcoin gaming is to purchase them through a Bitcoin exchange site. If you have a wallet and know its unique address, you can also have a friend send you coins.

There is also 'mining', which is the process that generates new Bitcoins. These new BTCs spawn from using a free software application called a Bitcoin miner. However, if you are just interested in getting Bitcoins, purchasing them from an exchange is by far the quickest method.

The best online Bitcoin casinos will also allow you to 'break up' your Bitcoins in smaller allowances if you don't want to wager a whole coin (currently 1 BTC is equal to around $400 USD).

How To Deposit With Bitcoin

1. First, you will need to create an eWallet for purchasing Bitcoin. Bitcoin friendly e-wallets are listed here: bitcoin.org/en/choose-your-wallet. There are even device specific wallets if you prefer.
2. Once you are set up for Bitcoin you can buy currency at the exchanges listed here, howtobuybitcoins.info, everything is then stored into your eWallet. This is what you will use for depositing at online casinos.
3. On sites accepting Bitcoin, find the option for the digital currency on the cashier page and select it as your deposit method. You’ll then be redirected to your own eWallet for the transaction and will need the Bitcoin address of the recipient. Enter this, and the amount you wish to deposit, and you’re done.

Should I Deposit Using Bitcoin?

Casinos using Bitcoin may be still on the rise, but players in the know get some real benefits in a casino room that takes Bitcoin. Firstly it’s fast. It’s peer-to-peer with no middle man. On sites that accept Bitcoin your funds go directly, and quickly, to the recipient. Security is also assured because you won’t need to submit any personal or financial information when using Bitcoin. Casinos also reward users with much lower rake charges. Gamers are allowed to enjoy a greater percentage of their winnings when they opt for this deposit option.

...you pay no taxes on your Bitcoin winnings and wealth.

Advantages Of Playing At Bitcoin Casinos

Like any other online gaming website, the best online Bitcoin casinos offer sign-up bonuses, stylish and secure software, and a wide variety of games from penny slots to roulette and blackjack to video poker. All of these features can be taken advantage of simply by depositing Bitcoins into your account - no real money required.

But there's something you need to be aware of before you play at a Bitcoin casino. With Bitcoin, one of its greatest features is also one of its greatest flaws. The fact that the cryptocurrency is unregulated means that its value fluctuates wildly from day to day. This can lead to sometimes confusing transactions if the value is disputed, though this is normally not the case when using the currency with online Bitcoin casino gaming at reputable sites.

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Are Bitcoin Casinos Legal?

While the United States and some other countries have fairly strict laws in regards to opening up and playing at online casinos, those laws only regard gaming with the US dollar. Even though Bitcoin can be converted to real cash (through parties independent of these gaming sites), users are basically gambling with bits of computer code that they themselves (not any government entity) assign value to. Bitcoin casinos' legal status is just another advantage these sites have over more traditional ones.

Because there is no central institution regulating Bitcoin (for the foreseeable future at least), online casino Bitcoin gamers should feel comfortable and confident in wagering their Bitcoins.

The Difference Between Bitcoin And PayPal

The main difference between using PayPal(which involves using 'real' currency) and a Bitcoin wallet is that there are NO transaction fees. The transferring of funds is also instant. Unlike with PayPal, it's impossible for your account to be frozen or otherwise shut down. While PayPal can be accessed on any device with an internet connection, most Bitcoin wallets have to be tied to a particular physical device for added security.