Bitcoin was created in 2009 and is a decentralized crypto or digital currency. This means that Bitcoin is not controlled by any country, bank or financial institution and only exists in a digital form that uses complex encryption software to operate online.

Crypto Casino sites have experienced a surge in popularity, particularly over the last few months as the price of Bitcoin has continue to climb – and with Government and regulators keen to monitor players’ finances (in the hopes of finding anything to do with money-laundering), it’s likely that Crypto Casino sites will continue to grow, as more players want their privacy.

There is no physical or paper money involved when using Bitcoin. It is identified as BTC or ฿ and, while the currency can be mined online, there is a finite amount available for trade and the currency is relatively stable.

1. No information available Fastest Withdrawal Bitcoin Casinos. 100% up to €500 + 225 free spins PLAY NOW. €325 + 150 free spins. 20 no deposit spins.
2. If you are looking for fast withdrawals in a USA online casino, go for Bitcoin Casinos. They are fast, reliable and secure. Bitcoin provides for higher levels of anonymity and a greater gaming experience for USA players. Buying the digital currency is not as difficult as it used to be, so anyone can access them.

Bitcoin is still considered experimental by governments, major organisations, and mainstream companies. The online gambling industry has, however, started to accept the currency as a legitimate form of payment.

The currency is accepted and regulated by many jurisdictions, including the UK Gambling Commission, as a recognised payment method for online gambling sites and a number of Bitcoin-only casinos have been granted iGaming licenses.

As with any type of currency, there are advantages and disadvantages to cryptocurrencies, but Bitcoin is one of the most viable alternatives to traditional banking and payment methods.

Advantages of using Bitcoin

• An alternative payment method for gamblers who value their privacy, anonymity, data protection and security
• Personal and financial information is never shared on the blockchain network and is not available to your casino
• Only you have access to funds stored in your wallet
• Transaction fees are low, and transfers are quick
• A good alternative for gamblers in countries with limited withdrawal and payment options
• Crypto wallets typically have downloadable mobile apps
• Payments can be made instantly from your mobile device
• Transactions are extremely secure because unique addresses are used to facilitate financial transactions

Disadvantages of using Bitcoin

• If you lose your crypto wallet or are hacked, you have no protection from a bank or financial institution
• Wallet operators vary greatly, and you need to do your homework and choose your wallet with care

Bitcoin Support

The only support that is available for this payment method is via your wallet provider and this will vary from one crypto wallet operator to the next.

Typically, you should be able to get into contact with the wallet operator via email but in some instances, they may also offer live chat and telephone support services. You would need to check the operator’s website.

But be aware that the currency itself does not offer the same level of support that you can expect from a traditional financial institution or bank and if you choose to use Bitcoin, you are responsible for the safety and security of your own funds.

Deposits with Bitcoin

Before you can make Bitcoin deposits into your casino account you need to open a wallet for cryptocurrency.

Once you have a wallet, the rest is easy.

The casino will generate a private deposit address that is unique to you and that you will then use to make payments to the casino.

Be aware that crypto transactions require multiple confirmations, and this means that deposits can take up to 10 minutes. Fees vary on transactions.

Making deposits is often free but there can be a minimal fee that is typically a percentage of the value of the transaction.

Withdrawals with Bitcoin

Withdrawing funds from your gambling account is generally fast and simple with Bitcoin. As soon as you request a withdrawal, the casino site will transfer coins from your account to your wallet, but it can take up to 12 hours for the funds to reflect in your wallet because of the clearing process.

While some crypto withdrawals are free, there will typically be a small transaction charge, especially if you want an instant withdrawal.

Withdrawals from your casino customer account to your crypto wallet are secure because none of your financial information is shared with anyone during the process.

Casinos with Bitcoin

Using Bitcoin With Online Casinos

Bitcoin is the world’s leading cryptocurrency. In a few words, a cryptocurrency is a digital asset serving as a medium of exchange. This is essentially what bitcoin is all about.

The particularity of Bitcoin is that it is a peer-to-peer monetary system; individuals can transfer money without the need of a third party such as a bank.

The bitcoin story started when the “bitcoin.org” domain was registered in 2008. The first bitcoin network was created in January 2009, by an enigmatic individual called Satoshi Nakamoto. In less than 10 years, bitcoin has developed to become a fully fledged alternative to traditional currencies, despite its decentralized organization.

More and more online shops, casinos and trading platforms are starting to accept bitcoins. This article will analyze how to pay with bitcoins and weigh the pros and cons of this payment option.

How To Start Using Cryptocurrency

Paying with bitcoin requires the creation of a Bitcoin Wallet. This wallet will act as a typical e-wallet on which you will be able to deposit and withdraw funds.

On the Bitcoin website, you will be given the choice between four different types of wallets:

• Desktop
• Hardware
• Mobile
• Web

For the purpose of casino gambling and online shopping, our team recommends creating a web wallet.

They do not require the download of any software and can be accessed from any computer. Many players will find this type of wallet quite practical!

After having created a wallet, you will need to purchase bitcoins to be able to carry out transactions. To do so, you will have the choice between many different options:

• Your very own Bitcoin Wallet: the bitcoin wallet interface allows its users to purchase bitcoins directly.
• Bitcoin exchanges: Some online and physical shops allow you to trade Bitcoins for other currencies and vice versa.
• OTC (Over the Counter): Bitcoins can also be exchanged between two consenting parties at a pre-specified price.
• Specialized ATMs: In some countries and cities, you will be able to purchase bitcoins on specialized ATMs.
• Mining: Bitcoin mining is essentially solving math problems in exchange of bitcoins.

Here also, we recommend the first option. Purchasing bitcoins from your wallet is usually the most efficient way to obtain bitcoins and start playing right away.

How To Deposit

Yes, bitcoins are fascinating in themselves. But many casino players will actually find depositing and withdrawing funds with bitcoins quite useful.

Online Casino Instant Bitcoin Withdrawal

Today, only a handful of online casinos accept bitcoins as payment method. However, following a recent trend, more and more brands are starting to seriously consider using “the currency of the future”.

Both deposits and withdrawals are extremely easy. With your bitcoin wallet, you will be able to transfer funds to and from a casino just like any e-wallet.

Select bitcoin as a payment method and follow the instructions given by the casino website. This will generally be a simple process of adding a bitcoin ‘address’ from your wallet, into the form on your casino website. That is normally all that is required.

Advantages

• Speed: Bitcoin transactions are quasi instant.
• Security: One of the reasons bitcoin has become the world’s leading crypto-currency is its extremely secure payment interface.
• No Third Party: As opposed to many e-wallets, bitcoins do not require the involvement of any third party (bank, e-wallet platform…).
• Anonymity: Bitcoin transactions are fully anonymous.
• No Fees: Powered by block-chain technology, bitcoin payments are usually exempt from any fees.

Disadvantages

• Value fluctuation: One of the main issues associated with Bitcoin payments is that the value of this currency fluctuates. This could also be seen as an advantage, who knows, the bitcoin might rise again..
• Taxes: Because the value of bitcoin fluctuates, some governments might require bitcoin users to pay specific taxes.
• No Cancellation: As opposed to credit card transactions, bitcoin payments are irreversible and cannot be cancelled.

Conclusion

All in all, bitcoin is a very promising method of payment thanks to fast payments, a secure interface, anonymity and low fees. Even if the set-up could be scary, the bitcoin website is very well crafted and in less than a few minutes, you will be able to understand the concept of bitcoin, set up a wallet and start depositing in your favorite bitcoin casino.

FAQ

Which online casinos accept Bitcoin?

Use the list of Bitcoin casinos to see all online casinos that accept Bitcoin payments.

Online Bitcoin Casinos Us Play

Bitcoin News