Betting on sports with Bitcoin
Bitcoin and other cryptos have introduced the world to a parallel economy. Many industries have started leveraging them to explore new options and expand their global reach. One of these industries happens to be the latest sensation in iGaming, crypto casinos. Simply put, some of the best bitcoin casinos are online gaming platforms which either deal only in bitcoins or they offer BTC as a payment method, along with other cryptocurrencies like Ethereum, Litecoin, and Dash.
Best New Bitcoin Casinos 2020
Top Online Casinos that Accept Bitcoin
Choosing which bitcoin casinos to place your bets at can be hard. Fortunately, there are a variety of top-notch Bitcoin wagering sites out there including Bovada, mBit Casino, BitcoinCasino.us, 1xBit, and Megawins.
As the BTC casino industry continues to get more and more traction by the day. If you are new to this space, then you will be amazed by the sheer variety of Bitcoin games and casino bonuses that they are offering when it comes to Bitcoin.
History of Bitcoin Gambling
Soon after the initial launch of bitcoin, developers started creating various gambling games. Early on, the typical online bitcoin casino only consisted of one or two games. SatoshiDice and BitKong were among the earliest games developed for bitcoin.
As the attractiveness of BTC gaming grew, cryptocurrency casino platforms began popping up. The first platforms were somewhat basic and offered a limited number of games. Later, robust platforms began emerging, offering a full array of BTC gaming products. SoftSwiss is among the leaders in crypto casino software, and many of the best bitcoin betting sites run on SoftSiwss.
As the years passed, major companies began developing bitcoin video casino games. Microgaming and BetSoft are among the industry leaders that now offer online casino bitcoin games. These companies provide both fiat and BTC versions of their most popular games, putting these games on par with standard online casino games.
Bitcoin Casino Games
Some of the new bitcoin casinos accepting a variety of cryptocurrencies will offer you a wide selection of live casino games that you know and love.
- Slots:Slots have always been a crowd favorite in brick-and-mortar casinos, and bitcoin casinos don’t disappoint here either. Bitcoin slots have become very popular. Plus, depending on the casino that you use, you can get an additional bonus for using bitcoin, that can be up to 200 free spins.
- Roulette: Online roulette is another evergreen crowd-pleaser, mostly because of the easy-to-understand concept of this table game. After you choose a variation you want to try out, simply guess the color and the number where the ball will land. This is one of the most popular online live dealer games available.
- Blackjack: Any online player looking to play card games with bitcoin is in luck, as there is a vast range of online blackjacks available in new bitcoin casinos. Common variations include – Double Exposure, Multihand Blackjack, and Pontoon.
- Poker: There are various versions of this table game offered at top bitcoin casinos. This includes games such as Three Card Poker, Caribbean Stud, Texas Hold’em Bonus Poker and more.
- Sports Betting: While it’s not considered a traditional video casino game, users can use bitcoin to bet on sports at select online casinos.
- Dice: Many bitcoin casinos offer dice games. The most common crypto casino dice game offered is craps. Sic Bo is also a popular craps alternative you will find at some casinos.
Best Crypto Casino Bonuses
Most of the best bitcoin casinos accepting players from the USA provide a plethora of bonuses which gives an added dimension of excitement to the games. If you are new to wagering with Bitcoin, you should check out the bonuses available before you play any of the roulette, blackjack, or slot games. The bitcoin bonuses available to players could be one of the following:
When you join a website and register for an account, then you will get a special gift from the casino as a welcome bonus. While this bonus can vary across different casinos, it is usually a 100% match or even doubling the bonus amount based on your first-time deposit. This means if you have a 0.5 BTC deposit, they will double it and leave your account with 1 BTC.
Some casinos tend to be extra generous by offering a “welcome bonus package.” This bonus will cover your first few deposits and add a larger bonus to your account
The majority of welcome bonuses at new bitcoin casinos are only good for a limited amount of time. More often than not, only your first deposit will qualify for a bonus. However, some casinos give you a bonus every time you deposit some amount into your account. These bonuses will be at a lower rate than your welcome bonus. For example, if a casino has a 15% deposit bonus, every time you deposit 1 BTC to your account, you will get a 0.15 BTC bonus.
This is a bonus which is available in pretty much all the crypto casinos. The free spin bonus is excellent because it truly increases your chances of winning big and some sites even offer up to 100 free spins. Most bitcoin casinos give out a large number of free spins during special occasions, while some give them out frequently.
A referral bonus is one of the most popular bonuses out there. The idea is very simple. You receive a bonus every single time you successfully invite a friend to join a casino. While some casinos set limits on the total number of referrals, others give you unlimited invites.
No deposit bonus
While all the bonuses described above are available in almost all new bitcoin betting sites, this one is not that widely available. A no deposit bonus can be thought of as a small preview of the bitcoin casinos free BTC. This is how it works: The casino gives a free bonus to your account, which will let you play some of the more popular games. In short, it gives you a brief tour of the casino experience.
Bitcoin Gambling Fairness
For a seamless gambling experience, it is crucial to make sure that one factor remains constant. The casino should remain fair, which is usually not a problem with reputable institutions. However, if you go to a relatively unknown site, how you do know that you are not being cheated? Enter BGG Bitcoin casino reviews. We review and personally test each gambling site to ensure it is legit, safe, and can be trusted to use.
For this, a crypto casino in the United States (USA) accepting bitcoin needs to be licensed and regulated while providing provably fair games. Online casino bitcoin platforms leverage mathematical algorithms and cryptography to be able to prove to their users that they are not cheating.
The following variables are most commonly used to prove fair gaming.
- Server seed, which is provided by the casino. Right before you make a bet, the casino client will provide you with an encrypted hash that contains this server seed.
- Client seed, which is created by your browser.
- Nonce – A random number that increases with each bet.
- Operator terms and conditions
Alternative Cryptocurrencies to Use
Many crypto casinos accept alternative forms of cryptocurrencies. These are known as altcoins. Below is a list of altcoins accepted at the top bitcoin casinos
If you play at a BTC casino that accepts altcoin, there are a couple of things to remember. First, your altcoin will be converted into either Bitcoin or the primary currency of the site. Few bitcoin casinos offer altcoin games. Some may offer LTC games, but they usually will be exclusively bitcoin or a mix of bitcoin and fiat games.
Depositing With Bitcoin
The biggest hurdle to playing at bitcoin casinos is making your first deposit. While many think that using bitcoin is difficult, it is actually very easy. First, you need to acquire some Bitcoin.
The first step is downloading and installing a bitcoin wallet on your computer. There are many options out there that include mobile wallets, desktop wallets, and hardware wallets. We recommend using a wallet for your bitcoin rather than using an exchange.
After you download and install your bitcoin wallet, you need to acquire some bitcoin. This can be done in one of three ways. The most common is to purchase it from a bitcoin exchange. Coinbase and eToro are a couple of popular exchanges where you can buy bitcoin.
Other alternatives include buying bitcoin directly from other bitcoin users or trying to earn bitcoin through bitcoin faucets. Bitcoin exchanges are the fastest way to acquire bitcoin and is the route we recommend.
For a complete tutorial on how to buy bitcoin, please refer to our guide for buying bitcoin. Once you acquired some crypto, you’re ready to deposit at an online casino.
The process is quite simple. Sign up for an account at one of the best online crypto casino sites and log in. After logging in, head to the cashier page and click on Deposit. From there, you will select Bitcoin and enter the amount of USD you wish to deposit.
The site will automatically convert that amount into BTC and tell you how much bitcoin to deposit. You’ll also receive a BTC address to send the money. Just go to your wallet and send the BTC to that address to complete the transaction.
Depositing at bitcoin casinos is fast as most transactions are instantaneous. When you’re ready to cash out, the process is just as quick. You can take advantage of bitcoin casino instant withdraw services to get your money in minutes instead of days.
The Legality of Bitcoin
There are many questions regarding the legality of bitcoin and bitcoin casinos. Bitcoin is an electronic currency that’s decentralized. That means that it is not backed or controlled by any government or banking institution.
The decentralized nature of the coin has allowed many players to access online gambling that may not be able to do so otherwise. For example, USA players have a tough time playing at online casinos due to US laws. If you do a quick search online for bitcoin casino USA, you’ll see that there are plenty of bitcoin casinos available.
However, that does not mean that governments aren’t trying to make things difficult for bitcoin users. For example, at any crypto casino, USA players are still subject to income tax. These taxes apply to any bitcoin won or acquired, even any bitcoin casino free bonus offers. In other countries, there may be restrictions on bitcoin or bitcoin transactions.
The legal status of bitcoin is in flux in some countries. As such, you may encounter bitcoin casinos that restrict your access. If you search for online casino for USA players crypto coins, you’ll discover casinos that will block US players. However, there are still many that will allow you to deposit and play with bitcoin. Just keep in mind that this could change in the future.
Advantages of Using Bitcoin
If you’re accustomed to making online casino deposits using fiat, you may wonder why you should bother using bitcoin to deposit at crypto casinos. Here are a few great reasons to deposit and play at bitcoin casinos:
Universal Acceptance – Depending on your location, your options for depositing at online casinos may be limited. Bitcoin is decentralized and not controlled by banks. This allows for universal acceptance by casinos.
Lower Deposit Limits – Most casinos want you to deposit at least $25. Some require you to deposit $50 or more when using credit cards or other payment methods. The best online crypto wagering sites allow you to deposit with Bitcoin for as little as $5. You’ll sometimes find casinos that will let you deposit for as little as $1, but those are rare.
Faster Transactions – All of the best bitcoin gaming sites will have lightning-fast transactions. Deposits take a maximum of $20 minutes, with most taking just a few seconds. For withdrawals, you will get your money in a few minutes. At worst, it will take 24 hours. The average fiat casino takes from 72 hours to two weeks to process withdrawals.
Greater Security – What if we told you that your chance for identity theft is next to zero at the best online bitcoin casino sites? When you deposit and cash out using bitcoin, you take advantage of blockchain technology. It is virtually unhackable. You don’t have to worry about someone intercepting your data, making bitcoin casinos much safer than standard fiat casinos.
Digital Anonymity – Casinos that offer Bitcoin for deposits and withdrawals have significant benefits over traditional cryptocurrency wagering sites. Firstly, bitcoin casino users can remain anonymous. Unlike traditional online casinos, there is no need to link your bank account. You just need to hand out your bitcoin public address.
Transactional Freedom – Traditional currency-based casinos usually have set limits and transaction fees, on a variety of deposits and withdrawals options. Most of the best Bitcoin betting sites have zero transaction fees with unlimited free daily transactions.
Since crypto casinos are digital, they can be accessed easily all over the world by a wide variety of players. If you are having issues, feel free to contact a customer support team to discuss how to get signed up. In conclusion, Bitcoin casinos provide a provably fair platform and great bonuses. It won’t be a surprise when users flock over to them to enjoy a seamless online gambling experience.
Bitcoin casinos have a significant advantage over traditional cryptocurrency casino sites. Firstly, bitcoin casino users can remain anonymous. Unlike traditional online casinos, there is no need to link your bank account. You just need to hand out your bitcoin public address.
Secondly, traditional currency-based casinos usually have set limits and transaction fees, on a variety of deposits and withdrawals options. Most of the best bitcoin casino sites have zero transaction fees with unlimited free daily transactions.
Finally, since new bitcoin casinos are digital, they can be accessed easily all over the world by a wide variety of players. If you are having issues, feel free to contact a customer support team to discuss how to get signed up.
Bitcoin casinos provide a provably fair platform and great bonuses. It won’t be a surprise when users flock over to them to enjoy a seamless online gambling experience.