Best Bitcoin Gambling Sites
Why Gamble with Bitcoin?
Gambling with Bitcoin has become popular over the years because it offers advantages to both players and the gambling site accepting crypto. First, players enjoy fasters deposits and withdrawals, larger deposit bonuses, and often no casino fees.
For the gambling site, they enjoy reduced overhead as they don't have to hire third parties to process payments like they do processing bank account or credit card deposits. Also, Bitcoin is deregulated, meaning there are few restrictions on how players or the casino can use it.
Finally, Bitcoin is extremely secure. Most Bitcoin gambling guides overlook this aspect. Fiat sites claim to be secure, but they cannot secure the transmission of funds the way that the blockchain can. All Bitcoin transactions are conducted over the blockchain. Hackers are unable to intercept payment data, making the coin virtually unhackable.
The first stop on our Bitcoin gambling guide is online casinos. Online casinos were one of the earliest adopters of Bitcoin. Over the last few years, the number of casinos allowing Bitcoin for deposits and withdrawals continues to grow.
There are two forms of Bitcoin casinos. The first is fiat casinos that accept Bitcoin transactions. These casinos then convert your Bitcoin into fiat for play on their website.
The other form of online casinos is BTC casinos. These allow you to deposit and play using BTC. You can play everything from blackjack to roulette, online slots, and more. Many casinos even offer Live Dealer games to give you the human interaction often lost at online casinos.
The best BTC casinos offer "provably fair" games. These games use mathematical algorithms and cryptography to prove to the fairness of every bet placed.
Bitcoin Sports Betting
If you enjoy betting on sports, many online sportsbooks are now accepting Bitcoin for deposits. You will even find Bitcoin sportsbooks that allow you to deposit and wager using Bitcoin. The sites will accept bets in satoshis or mBTC.
Bitcoin sportsbooks will allow you to bet on everything from football to rugby, as well as international sporting events and US sporting events like the NFL and Major League Baseball.
If your preference is online poker, you'll have plenty of options for playing online poker using Bitcoin. Like online casinos and sports betting, the majority of sites claiming to be Bitcoin poker sites are fiat sites that accept Bitcoin deposits.
Authentic Bitcoin poker sites will offer online poker gamers where you use satoshis to play rather than fiat currency. The exception is online poker tournaments. Online poker tournaments will give you a predetermined stack of chips, and your object is to win all the chips in the tournament. The prizes in those events will be in BTC.
America's Cardroom is one of our top recommendations for Bitcoin players. They accept deposits in BTC and dozens of other cryptocurrencies. They also have their own Bitcoin gambling guide for new players.
Not all Bitcoin gaming is done at online casinos, sportsbooks, and poker rooms. Our Bitcoin gambling guide would not be complete if we didn’t mention standalone Bitcoin games. In the early days of crypto, most gambling with Bitcoin was done at sites that offered one or two games.
BitKong is an online gambling site that allows you to play a modified version of minesweeper. As you move up in levels, you win BTC. These games don't classify as online casinos as they offer just one or two games. Also, many of these betting sites offer social aspects that allow players to interact with each other. Some sites in the past have even provided peer to peer transactions between players.
Due to the popularity of Bitcoin casinos, this form of online gaming is virtually extinct. However, there are a few outliers that remain popular to this day.
Best Bitcoin Bonuses
Before depositing at a Bitcoin casino, make sure you check out the site's promotional offers. These offers generally award bonus cash and free spins when you deposit at the casino.
Bitcoin casinos offer all of the same bonuses, as you will see at fiat casinos. Welcome bonuses will reward you for the first time you deposit at the casino. Reload bonuses reward existing players who wish to deposit again. Other bonus offers will include new game bonuses and high roller bonuses.
For fiat casinos that accept Bitcoin deposit, check to see if they offer any offers exclusive to Bitcoin. Often, these bonuses are better than the standard offer. For example, if a welcome bonus for fiat deposit is a 100% match, the Bitcoin bonus could be a 200% match.
You can learn more about Bitcoin bonuses by visiting the promotions section of the casino.
Bitcoin Casino Software
In the early days of Bitcoin gambling, few providers were offering Bitcoin gambling games. As gambling with Bitcoin became more popular, many of the top software providers in the industry started creating Bitcoin casino games.
Online casinos now offer Bitcoin games from Microgaming, Playtech, NetEnt, Pragmatic Play, and other providers. SoftSwiss is the leader in Bitcoin gaming, and many online casinos providing BTC games will feature the SoftSwiss platform.
Bitcoin Binary Options
Buying Bitcoin is a lot like investing in stocks. Bitcoin exchanges look like your standard stock exchanges, tracking the movement of Bitcoin and various cryptocurrencies. It wasn't long before some people decided that they want to gamble on the prices of Bitcoin. This is where Bitcoin binary options were born.
With Bitcoin binary options, you are trying to predict when Bitcoin will hit a specific price. If you're correct, you win. If you're wrong, you lose. It's that simple. This is being included in our Bitcoin gambling guide as binary options are classified as gambling. This is due to the volatile nature of Bitcoin.
Be very careful with this form of gambling as there are many scams out there. Do your research and go with an established firm like Coindesk.