We’ve been in the Bitcoin casino market for 6 years and have experienced a diverse range of platforms. We’ve even written about Ethereum gambling and the smart contracts that are destined to disrupt this space. This article sets out to dump our knowledge onto you – the reader – so that we can help you better understand Bitcoin gambling and all of its wonderful benefits. If you’re new to Bitcoin then we recommend you download a wallet and experiment by sending a few transactions. Bitcoin.org has a great list of trusted Bitcoin wallets.
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What types of Bitcoin casino are there?
Bitcoin casinos are not a “one size fits all” service. In fact it is quite the opposite. Bitcoin is accepted at all types of casinos, ranging from the highly-regulated and “mainstream” casinos on platforms such as SoftSwiss, through to completely anonymous startup casinos run on proprietary software. If trust is an issue, then you can even look to gamble Bitcoin at a casino which operates on smart contracts, or one that does not hold user deposits at any point. Below you can find some of our best casino recommendations based on typical user preferences; find an option that appeals to you and start from there!
Casino quality: if the quality of the games, customer service and user experience is important to you, then look no further than your casinos. Whilst this Bitcoin casino may not offer the level of anonymity that some Bitcoin gamblers strive for, it does provide some of the highest quality gaming services in Bitcoin. FortuneJack offer casino slots from a dozen different providers, including top of the range games from Betsoft and Endorphina. Dice, Keno, Bingo and several different table games can also be found at FortuneJack – one of the best sites to bet Bitcoin.
Anonymity: if anonymity is what you’re after then a “no registration” casino would be the place to go. These casinos ask for absolutely no details when depositing and withdrawing on their platform. There are dozens of anonymous gambling sites but only a handful provide quality games and custom service. Our favorite is the world-famous Bitsler casino, which offers a few high quality games available to anyone in the world.
Fiat hybrid: if you’d prefer not to bet exclusively with Bitcoin then a “fiat hybrid” casino would be one to look for. These casinos allow players to deposit and withdraw in both Bitcoin and fiat currencies like USD and EUR. This banking method is offered by some of the most famous casinos in Bitcoin including mBit Casino, BitStarz and Betchain. Each of these Bitcoin “hybrid” casinos run on the SoftSwiss platform and have been recognized as some of the most trustworthy places to play.
Bitcoin slots: some of the best casino slots ever created are now available at Bitcoin casinos. Software providers such as NetEnt, Endorphina and Quickfire have all licensed their games to casinos which accept Bitcoin deposits and withdrawals. For those interested in the various Bitcoin slot casinos out there, we have collated a full slots list to help you find the games you love the most!
Savvy gamblers out there will know that these bonuses aren’t simply free giveaways (although those do exist from time to time). To unlock any of these bonuses, the Bitcoin casino requires that you meet a number of requirements. Each casino will feature bonus requirements, but these will range from “easy” to down-right impossible to achieve. Here’s what to look out for when browsing any of these Bitcoin bonuses:
For all deposit bonuses, there will be a “wagering requirement” (also called “rollover”) put in place to stop players from depositing Bitcoin and immediately withdrawing their bonus. This wagering requirement stipulates the amount that must be wagered (as a multiple of your total deposit and bonus) before the funds can be withdrawn. This is best explained in an example.
A new Bitcoin player deposits 5mBTC in an 100% match bonus and receives an additional 5mBTC as a bonus. The wagering requirements at this casino are 35x, meaning that the total deposit and bonus (10mBTC) must be wagered 35 times (350mBTC) before a withdrawal can be made. Should the player be able to wager this much with their funds intact, the Bitcoin bonus will be eligible for withdrawal.
Typically a Bitcoin deposit bonus will not have a limit on how much you can win – although it’s always worth checking out the terms and conditions to be sure. However, if you enter into a no deposit or free spins bonus, then expect to find a maximum withdrawal limit in place. Sadly, this limit can be as low as 5mBTC or less, making for a significantly lower upside to any other form of promotion. If you opt for free spins or a no deposit bonus then do read the terms and conditions to avoid any nasty surprises. Once you’re clear on the terms, you can enjoy your free Bitcoin bets!