Bitcoin Casino Guide: Find the Best Crypto casinos picked by BetterBets in 2021

Welcome to betterbets.io – the best bitcoin casino guide! Find provably fair bitcoin games, reliable BTC gambling sites & answers to your questions.

  • Why are crypto casinos becoming increasingly popular?

  • Why should you be using a Bitcoin casino site?

  • Are Bitcoin gambling sites a scam?

Betterbets.io will bring to your attention why using blockchain technology and cryptocurrencies like Bitcoin, Etherium, Litecoin, Doge for your online casino and slots play is one of the best ideas you will ever have. It will also explain exactly what a cryptocurrency casino is, and the main benefits of using a crypto casino over an established casino that does not accept cryptocurrencies. By the time you have finished reading this article, you will also understand which are the best Bitcoin casinos out there; where your money, identity and online security are all, one hundred percent completely safe.

So, just what is a crypto casino?

In short, a crypto casino is simply an online casino that accepts payments using cryptocurrencies such as Bitcoin, Ethereum and Dogecoin. Casinos that accept such payments also usually allow you to make withdrawals using a cryptocurrency as. Such casinos usually accept fiat currencies alongside cryptocurrencies too.

Crypto gambling sites are ideal if you want to keep your financial records and information to yourself, and are fearful of hackers getting hold of such sensitive details as your credit card or bank account numbers, or the username and password for your eWallet account (such as PayPal, Skrill or Neteller).

The Best Bitcoin Casinos in 2021

Bonus

100%

+ 180 Free Spins

bitstarz

Bonus

100%

Up to 10% cashback

bitcasino

Bonus

$100

+ 200 Free Spins

7Bit-Casino

Bonus

$300

+ 150 Free Spins

playamo

Bonus

$1000

+ 200 Free Spins

king-billy

On this page you will find details of which Bitcoin casinos are worth dealing with, and which should be best avoided. This immediately may have you asking the question – how do we decide which are the best, and which should be lead out into the wilderness and shot? Below you will find a list of six important factors that we evaluate when determining which crypto casinos & blockchain gambling sites are worthy of your custom:

  • Safety – any site in our list must have an exemplary, faultless safety track record

  • Licence – a site MUST have the proper licensing from a recognised licensing board such as the UKGC, the MGA or from Gibraltar or Alderney.

  • Reputation – we scout out reviews from independent parties including players who have had experiences at the casino, and the support they have received.

  • Bonuses – everyone loves a bonus of course! We champion sites that have good bonuses with decent wagering requirements that are fair and square.

  • Fast Payouts – cryptocurrency payouts should be practically instantaneous. We mark down sites that sit on their heels when it comes to paying you out.

  • Range of Games – we love slots, but we don’t like crypto casinos where it’s slots, slots and nothing but slots.

Cryptocurrency Gambling – Some Facts and Figures

  • Bitcoin, at 66%, is by far the most-used non-fiat currency used at Bitcoin casino sites followed by Ethereum (8%), Monero (5%), Rippler (4%) and Litecoin (1%).

  • Every day, around $3 million worth of cryptocurrencies are used at online casinos that accept them.

  • It is estimated that around 30,000 players use a cryptocurrency at an online casino at least once, each and every week.

  • The cryptocurrency market at online casinos has risen steadily at a rate of 1.5% per month since the beginning of 2020.

  • Just over $200 billion worth of Bitcoin was spent at Bitcoin online casinos in 2020.

The Pros and Cons of Bitcoin casinos

What are the main positives of Bitcoin casinos? Are they perfect, or are there some causes for concern? Consult our list below of the main pros and cons of using a cryptocurrency at any online casino where non-fiat currencies are accepted.

Pros

  • Discretion – cryptocurrencies can be used without the interference of any kind of financial organisation, such as a bank or an eWallet company like PayPal. The only parties aware of the transaction are the sender of the money, the receiver, and the computers throughout the world that record and verify the transaction. Be aware though, if you are tempted to use a cyptocurrency to purchase something illegal, then transactions can be traced.

  • Minimal Fees – although most financial (i.e. banking) transactions come free of fees, you will end up ‘paying’ in some manner – account maintenance fees, lower savings interest, high loan or overdraft interest rates, bank charges and so on. You do not have to worry about any of that with cryptocurrencies. True – your cryptocurrency wallet provider may charge fees with transactions, but they are usually tiny

  • Easy to use and secure – if you use a cloud wallet as opposed to a software wallet, then you can make your transaction quickly and simply from any device with internet access, including your phone. Cryptocurrency transactions are almost impossible to hack because they happen so fast – your transaction is entered into a decentralised ledger (called a blockchain) and given the green light in a fraction of a second.

Cons

  • Volatility – cryptocurrencies are notoriously volatile, which means their value can rise or drop by a huge amount in a matter of minutes. During their time in circulation, Bitcoins have been valued at both $0.001 (in 2009) and $63,502 (in 2021). The highest single day value drop was 17.75% in 2021. It is annoying to have $100 worth of Bitcoin in your cryptocurrency account one day, then only $82.25 the next without having wagered a cent of it!

  • Legality – Cryptocurrencies are banned or restricted in a number of countries, including Saudi Arabia, India and China. The governments that banned cryptocurrencies claim that they are fearful of non-fiat currencies being used for illegal purchases and for money-laundering, but in reality, they are worried about how a decentralised currency may affect their banking and financial services systems. If you reside in a jurisdiction where cryptocurrencies are illegal, then you run the risk of prosecution should you use a crypto casino.

  • Availability – the number of Bitcoin casinos that are available is small in comparison to the number of casinos that accept fiat currencies, even though it is a number that is growing on a weekly basis. It can be disappointing to find a casino that you really like the look of but then find it does not accept any cryptocurrencies.

How Do I Make a Deposit at a Bitcoin casino?

Making a deposit at a cryptocurrency gambling site or a BTC casino is performed in much the same way as making a deposit using any other payment method. People become confused because cryptocurrencies have no physical properties, unlike fiat currencies which can be represented by notes and coins. They are basically the same though – a concept. A five dollar bill is not actually worth five dollars – it is just a representation of the value of five dollars.

Online of course when you make a payment there’s nothing physical involved – it’s just the transfer of numbers from your bank or eWallet account to your casino account.

Cryptocurrencies work in the same way except they are stored in a cryptocurrency which is a piece of software that only you have access to. These days, most cryptocurrency wallets sit in the cloud for the purpose of safety. If you have a cryptocurrency wallet only on your PC, laptop or phone and you lose or have the item stolen, then you lose any Bitcoins or Ethereum stored in the wallet with zero chance of recovery.

Making a cryptocurrency deposit is extremely straightforward

To make a deposit at a Bitcoin casino you simply head to gambling site’s cashier section and choose the relevant cryptopcurrency as your payment method. You will be given a cryptocurrency wallet address which is the address you need to send your payment to. To make life easier (as a cryptocurrency wallet address is a very long string of letters and numbers) there will be a QR code that you can scan with your phone.

You open up your own cryptocurrency wallet and enter the casino’s cryptocurrency wallet address or use the QR code and specify the amount you want to deposit. If all is okay, then your crypto coins will be transferred to your casino account in a matter of seconds.

How Do I Make a Withdrawal at a Bitcoin casino?

Making a withdrawal at a Bitcoin casino is even easier than making a deposit. You can usually only make withdrawals via a cryptocurrency if you have already made a deposit. The casino may have saved your cryptocurrency wallet address when you made the deposit – if not, just enter it, and the amount that you want to withdraw.

And that’s it! Withdrawals to a cryptocurrency wallet are usually super-fast – in a matter of seconds. On some occasions, the crypto casino may not get around to processing your withdrawal for an hour or so.

How Do I Open a Cryptocurrency Wallet for a Bitcoin casino?

Opening a cryptocurrency wallet is incredibly easy. When cryptocurrencies first emerged a cryptocurrency wallet was a piece of software that you kept on your computer. It is recommended now that you use a cloud cryptocurrency wallet instead. This means your Bitcoins and other crypto coins are stored on servers that are protected and backed up regularly. You do not have to worry about losing your crypto coins if you use a cloud wallet.

Anyone can create a cryptocurrency wallet, and you can have as many as you want. Blockchain is a site where it is very easy to open a cryptocurrency wallet that you can use at Bitcoin casinos.

Just head to Blockchain’s site and click ‘Get Started’. This will take you to a page where you enter your email and a password. Once you have done that … that’s it, your wallet has been created!

Cryptocurrency wallets are extremely secure and very private

Blockchain will send you an email with some very important details. It will contain your wallet address (a string of numbers) and your wallet password (which will be different to your logon password at the Blockchain site). You will also be given the chance to set a secret private key recovery phrase. It is vital that you do not lose this information. If you lose your cryptocurrency address then you also lose your cryptocurrency wallet. If you lose your cryptocurrency password then you also lose access to your cryptocurrency wallet. If you lose your secret private key recover phrase then you will lose the chance to recover your password if you lose it. Blockchain (and any other cryptocurrency wallet provider) does not keep a record of your password or recovery phrase, although you will be able to recover your cryptocurrency wallet address if you know the email address and password you used to register at Blockchain, or your alternative cryptocurrency wallet provider.

Once you have your cryptocurrency wallet set up you need to fill it with cryptocurrency. Fortunately, you can do this via Blockchain or your wallet provider, and either via a desktop site or an app. You can transfer fiat currency from your bank account, for example – just enter your bank details when asked (which can be stored for later use). When the money you transfer arrives in your cryptocurrency wallet it will be converted into the specific cryptocurrency that you indicated.

You can use your cryptocurrency wallet anywhere (or rather, anywhere that accepts payments via cryptocurrencies) to make and receive payments, not just at Bitcoin casinos.

Free Spins and Bonuses at BTC casinos

Everyone loves a bonus, and you can still get bonuses at crypto casinos just as you do at casinos that do not accept cryptocurrencies. Here are some brief details about the types of bonuses that you might be eligible for once you have opened your new account at the cryptocasino of your choosing.

Free Spins

Spins on a slot that you don’t have to pay for. Could be on any slot, a selection of slots or one specific slot. Once you have used your spins you may be able to withdraw any winnings, although you might have to deal with wagering requirements first.

Deposit Bonus

Bonus cash that you can wager with. If a deal is a ‘100% deposit bonus up to $100’ then if you deposit $50 of your own money, the Bitcoin casino will give you $50 of bonus cash. You cannot withdraw bonus cash, but you can withdraw your winnings once you’ve met your wagering.

No Deposit Bonus

The same as a deposit bonus except that you do not have to make a deposit in order to get your bonus. Such bonuses are usually small and come with tight wagering requirements.

VIP or High Roller Bonus

A higher-value bonus that is not usually advertised by the site. If you are going to be wagering large amounts at a cryptocasino, then you can contact the casino and ask if they will give you a high volume bonus with favourable terms.

Cashback

Cashback is when a proportion of your losses for a set period are returned to you as bonus money. If a Bitcoin casino offers ‘5% cashback on all losses on Friday’ and you lose $100 during that day, then you will receive $5 in bonus money as your cashback.

Are Wagering Requirements at Crypto casinos Different from Fiat-Money Gambling Sites?

Wagering requirements are what you need to fulfil before you can withdraw any bonus winnings. If your wagering requirements are ’40 x bonus’ and you obtain a bonus of $50, then you will need to wager $2,000 before you can withdraw any bonus winnings. Note this is money you need to wager, not spend.

Wagering requirements at Bitcoin casinos tend to be more generous than at fiat-money gambling sites. This is because it is more favourable for any casino for you to use a cryptocurrency to make your deposits. A Bitcoin casino is a business and businesses usually have to pay high fees to accept payments that use fiat currencies, which is how banks stay in business and offer free banking to personal customers.

Cryptocurrencies bypass the banking requirements. Of course, the cryptocurrency casino may have to pay fees to their cryptocurrency wallet provider(s), but these fees tend to be much, much smaller than the fees charged by banks, Visa, MasterCard, PayPal and so on.

What Casino Games Can I Play at Bitcoin gambling sites?

The games commonly available at a Bitcoin casino fall into the following categories.

Slots

Software renditions of video slots. Some slots you probably may have heard of include Gonzo’s Quest, Starburst and Immortal Romance.

Roulette

The classic ‘spin-the-wheel’ game. Will your number come up on the next spin? Will the ball land on red or black? Get lucky and you could win big!

Blackjack

The world’s most popular gambling card game. You need to score more than the dealer without scoring more than twenty-one in order to win.

Baccarat

The world’s second most popular gambling card game! Bet on the player or banker to score as close to nine as possible and remember all cards worth ten are actually worth nothing!

Live Casino Games

Roulette, blackjack, baccarat and others all played ‘live’ as though you yourself are at the casino. You use software to make your decisions and the action is beamed right back at you via a live video feed.

Poker

Poker as you may know is not readily available at online casinos. You can though play video poker where you need to score a pair of jacks or higher to win. There’s also casino poker, which is a form of Texas Hold’em where it’s you against the dealer.

Sports Betting

Many crypto casinos now offer sports betting too (there are also BTC & crypto-focused Bitcoin betting sites – sportsbooks), so you can place your bets on football, tennis, American sports or even eSports in between spinning the slots or waiting for the next deal.

Bitcoin Casinos Worldwide

How popular are crypto casinos and Bitcoin bookmakers around the world? We’re here to tell you!

Bitcoin casinos in the USA

Legalised online gambling in the USA is still in its infancy, meaning there are very few legal Bitcoin casinos in the country. Such casinos tend to be dominated by slots, video poker and sports betting.

Bitcoin Casinos in the UK

UK’s Bitcoin casino list is growing, as credit cards are now banned at gambling sites, and more casinos are stopping the use of Skrill and Neteller. Slots and live casino games are the most popular UK gambling pastimes.

Bitcoin Casinos in Canada

Canada has had legal gambling longer than the US, so naturally it has more Bitcoin casinos. Slots rule in Canada too, as does sports betting and lotteries.

Bitcoin Casinos in Australia

There are no slots in Australia – but that’s because they call them pokies! Bitcoin casinos in Oz are hard to find, but like the UK, the number is growing on a daily basis.

Bitcoin Casinos in New Zealand

Where Australia goes, New Zealand is sure to follow, and that goes for Bitcoin casinos. The number of Bitcoin casinos for kiwis is rising slowly but significantly, allowing NZ residents to enjoy their favourites of pokies, blackjack and roulette.

FAQs

Which is the best Bitcoin casino?

That’s a matter of debate. In our experience we like these reliable Bitcoin casinos: Bitstarz, PlayAmo and Bitcasino.io.

What is a Bitcoin casino?

Any casino that accepts Bitcoins and other cryptocurrencies as a deposit and withdrawal method.p>

Are Bitcoin casinos anonymous?

No, as you will have to prove your identify and address in order to join. Payments to a Bitcoin casino are 99.99 percent anonymous though.

Are crypto casinos safe to play at?

As long as you play at a BTC casino site with a licence from a recognised and respected licensing board such as those in the UK, Malta, Gibraltar and Alderney then yes, that crypto casino is perfectly safe.

It is legitimate and legal to play at Bitcoin gambling sites?

As long as you reside in a jurisdiction where online gambling is permitted, then playing at a Bitcoin casino is perfectly legal.

Are Bitcoin casinos provably fair?

Properly licensed Bitcoin casinos are. As part of their licensing, the casino has to supply information about how their games are randomised, and these details have to be ratified by an independent auditing service.

Do I need to pay taxes on my winnings at Bitcoin casinos?

That depends on your jurisdiction. In the UK, for example, winnings from gambling are not taxed. In the US, however, they are.

How fast can I make a deposit and withdraw winnings from a blockchain casino?

Bitcoin (and other cryptocurrency) transactions are practically instantaneous. Any deposit or withdrawal should take less than one minute. Some casinos though may take up to an hour or longer to process a withdrawal.

What are good crypto-wallets for crypto-gambling?

Any crypto-wallet should be fine for crypto-gambling, as the company behind the crypto-wallet will have no idea where you are sending your crypto-coins to, or getting them from. Blockchain, Ledger, Trezor, MetaMask, Exodus, Coinbase and Crypto Wallet are all excellent crypto-wallets.

Conclusion

Bitcoin casinos have significant advantages over their fiat-only cousins. Payments via Bitcoins and others are incredibly swift, hassle-free and totally private. Okay, so they are not quite as anonymous as you might have been led to believe, but as long you are doing nothing illegal then you will be fine.

Why not explore the advantages of playing at a crypto casino yourself? Don’t forget to check for the best bonus deals and crypto-only promotions!