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Bitcoin Casinos

Playing with Bitcoin

With an increased understanding of this new method of making online payments and transactions, the number of online casinos offering Bitcoin as a payment option has grown substantially in recent years. Numbers are predicted to rise even further with future demands and the evolving economy.

Online gamblers are already loving the decentralized digital currency for its anonymous transactions, easy deposits and faster withdrawals. Our guide will provide further information about Bitcoin, how to set up an account and highlight where you can use Bitcoin as your preferred payment method for online gambling.

Bitcoin background

In 2008, Satoshi Nakamoto, a pseudonym used by an unknown person or group of people, invented the Bitcoin cryptocurrency (BTC). As part of the open-source software project, the first Bitcoin transaction was completed in 2009. Bitcoins are an independent currency and may be exchanged for other currencies, products or services.

Unlike its traditional fiat counterparts, such as pounds, dollars or euros, Bitcoin is a decentralized digital currency, not beholden to any government or central bank. Instead, a network of computers, the blockchain, regulates its production and value. Although initially slow to be adopted, as of today, many thousands of businesses are utilizing cryptocurrency as payment for various products and services, including many online casinos.

How to use Bitcoin at an online casino

Registering at an online casino using Bitcoin is pretty much the same as if you were choosing to gamble with traditional currency, e-wallets or prepaid cards. It is just a matter of selecting your chosen payment method, in this case, Bitcoin, following the on-screen instructions and passing the verification checks.

However, before you can register, there is the small matter of opening a Bitcoin wallet and making sure you have some funds available to play your favorite Bitcoin video slots or live dealer game.

The Bitcoin wallet acts as a bank account in the world of cryptocurrency. There are various types but essentially the digital wallet can either be ‘hosted’ by a third party such as Coinbase, ‘self-custody’ where you’re in complete control and responsible for safeguarding your password — often referred to as ‘private key’ or ‘seed phase’, or a ‘hardware’ wallet which is a physical device and less popular.

Here is a helpful step-by-step guide:

Step 1 – How to open a Bitcoin wallet

For online casino gambling, a hosted wallet is ideal and easy to open. In fact, it is very similar to creating an e-wallet account such as PayPal. Go to your preferred exchange site, such as Coinbase, Gemini, Kraken or Copay. Click sign up, follow the on-screen instructions and create an account.

Step 2 – Activating your account

The exchange site will send a verification link to your chosen email address which you will need to click on to activate your BTC account. Click next to complete the two-factor authentication by providing your mobile number and verifying the link sent by text message.

Step 3 – Payment method registration

To verify your account, you will also be required to provide a photo ID, typically government-issued documentation such as a passport or driving license, and to confirm your legal name, date of birth and address.

Step 4 – How to buy Bitcoin

Once you have your account set up, you’re ready to purchase some Bitcoin. This can be done through the Bitcoin exchange using your debit or credit card (3% fee) or bank transfer. Visit the exchange, enter the amount of Bitcoin you wish to purchase and click ‘Buy’.

Step 5 – Connect your gaming account with your Bitcoin wallet

Now that you have funded your Bitcoin wallet, head to the Cashier at your chosen Bitcoin casino. Select Bitcoin as your preferred payment method and follow the on-screen instructions. You will be required to copy the wallet address provided by the online casino (a series of letters and numbers), paste it into your Bitcoin wallet and confirm the transfer.

What we like about Bitcoin when betting online

Safety – Transactions are safe and transparent. Users are able to look up any transaction on the Blockchain.
Bonuses – Traditional payment methods may charge a small fee for transactions. Casinos do not charge transaction fees for Bitcoin payments. Operators often reward Bitcoin players with more attractive Bitcoin casino bonuses and/or promotions.
Withdrawals – Bitcoin typically enables faster withdrawals than other payment methods. Players can often access their winnings within hours, if not minutes.
Deposits – The minimum and maximum deposit thresholds are often more flexible for Bitcoin than other payment options.
Widely available – Bitcoin users are not limited to Bitcoin-exclusive online casinos, there are plenty of other sites happy to accept Bitcoin as well as other popular payment methods.
Bet limits – Players using Bitcoin will often have lower/higher betting limits than other gamblers.

Where you can bet using Bitcoin

Bitcoin is becoming increasingly popular among online gamblers. In response to demand, we are seeing more online casinos and poker sites offering Bitcoin as an accepted payment method. It’s not just Bitcoin casino slots and table games that are available, crypto users can also find plenty of available sportsbooks and esports betting sites capturing the Bitcoin market too.

Some sites may be Bitcoin-exclusive while others accept Bitcoin deposits, convert them to another currency for betting purposes and then allow the funds to be withdrawn back to the Bitcoin wallet. All reputable online casinos will be licensed and regulated, offering Bitcoin users the same benefits as others.

Betting with Bitcoin – Summary

Bitcoin is becoming a more widely used payment method in the world of online casino sites and sportsbooks. As additional digital currencies such as Bitcoin Cash are developed, we see more online casinos becoming aware of player demand and embracing change.

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Why should online casinos remain in the dark ages, relying on outdated, complicated fiat currencies with their high fees and long transaction times? We don’t think they should here at VIPCoin – which is why we’ve built our casino to specialise in the anonymous, unrestricted world of crypto. We’re sure you’ll have fun playing all your favorite casino games here.

How Do We Know We're The Best Bitcoin Casino?

Because We've Reviewed The Rest!

The casinos we review should be licensed by a well-respected authority in the industry. This often includes the Malta Gaming Authority, but there are other legitimate regulatory bodies around the world, such as the British Gambling Commission and the Curaçao Gaming Control Board.

In addition to a valid license, online casinos must be independently regulated. This is often done by the licensing board in question. Outside regulation ensures that important rules designed to protect players are followed without personal interests in the casino in question overruling them.

Finally, we believe that casinos must be securely designed in order to perfect the player experience. Users should be able to visit their favorite online casino without worrying about the safety of their personal data, so we look for elements such as valid SSL encryption when rating providers.

  • Only licensed casinos
  • Accepting crypto
  • With live casino

With new coins appearing on the market almost daily, it can be hard to keep track of which crypto casinos accept which currencies. Which is why we make it clear in our reviews of our fellow crypto-gaming sites.

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While there are many reasons why people visit our website, there are two primary factors. First, players new and experienced alike are searching for a reputable operator for their online casino needs. Our own well-respected casino is committed to creating an unforgettable player experience for our users! This is not the only reason why we have received attention, however, as our casino reviews have proven to be a popular draw.

 

The team at VIP Coin wants each of our readers to find the perfect home with the online casino features that best fit their needs. We do this by carefully researching every casino we review. Our goal is to give you the information you need to make informed decisions about where to spend your money. Whether you stick with us or decide to branch out with another provider, you deserve to have an exceptional online experience.

For transparency’s sake, we have put together some of the most important elements we consider when reviewing websites. From trustworthiness to game selection and everything in between, this page will outline the things we weigh when directing readers to or away from an operator.

  • Here is the information we consider:

     

    Licensing body

    The casinos we review should be licensed by a well-respected authority in the industry. This often includes the Malta Gaming Authority, but there are other legitimate regulatory bodies around the world, such as the British Gambling Commission and the Curaçao Gaming Control Board.

    Outside regulation

    In addition to a valid license, online casinos must be independently regulated. This is often done by the licensing board in question. Outside regulation ensures that important rules designed to protect players are followed without personal interests in the casino in question overruling them.

    Cyber security

    Finally, we believe that casinos must be securely designed in order to perfect the player experience. Users should be able to visit their favorite online casino without worrying about the safety of their personal data, so we look for elements such as valid SSL encryption when rating providers.

  • Trustworthiness and security are important, but we think that games and software options are just as critical to the player experience. With so many types of casino games available, ranging from live dealer titles to slots and jackpots, players deserve a big selection of games from some of the industry’s best developers. Here is a brief explanation of exactly how we rate online casinos’ software and game selections:

     

    Extensive game catalog

    Some online casinos offer many games from one or two big developers, but not much else. While this does ensure that players have access to quality games, it also limits the types of games they can play. There is no end to the kinds of unique concepts used for the latest and greatest slot machine games, and working with a variety of game providers is the best way to allow players to experience as many of them as possible.

    The best progressive jackpots

    While they are not for everyone, progressive jackpots are a fan favorite for many players around the world. This kind of game keeps the money that players pay into it via wagers in a ‘pot’ that progressively grows until it is won. It is not unusual for popular jackpots to award millions of dollars!

     

    Free-play options

     

    Playing for real money is exciting, but sometimes playing for fun is the best option. An excellent online casino operator will have a free-play option for users who either like to have hands-on experience before they wager real money or who like to play without the pressure of winning.

    Top developers

     

    We mentioned the importance of extensive game catalogs above, but there is another reason why we prefer online casinos that work with a multitude of top providers. There are many different game developers in the industry, and not all of them are committed to creating quality titles. Well-established and respected designers, on the other hand, have tried-and-tested development skills that result in hugely popular games.

    Seamless browser play

     

    Being able to easily play in-browser is an important part of the appeal of online gambling. We check to ensure that the operators we review make it easy for players to enjoy their favorite games.

  • Bonus offers, be they for new players or loyal users, are a great way to show player appreciation and boost your bankroll. Most online casinos offer some kind of promotion – however, they are not always plentiful or generous. That is why we look not only at the presence of offers, but also the value of them.

     

    New-player offers

    Also called ‘welcome bonuses’, new player offers are designed for users who have never before been registered with the online operator. This kind of promotion offers players some kind of incentive to sign up, such as free spins or a first deposit match bonus.

    Fair terms and conditions

     

    It is easy to claim all sorts of things on your homepage only to hide predatory regulations within the fine print. The VIP Coin team examines the terms and conditions of every casino we review to make sure that there are no hidden downfalls to bonuses, such as exorbitant wagering requirements.

    Returning player bonuses

     

    New-player offers are important, but so are bonuses for returning players. We always check to see what bonuses an operator offers not just first-time users, but also loyal players.

    VIP programs and rewards

     

    Speaking of loyal players, VIP Casino believes that users deserve recognition for their time with online casinos. We, therefore, check operators’ VIP or other loyalty rewards when writing our reviews.

  • Games and bonuses are important, but only if players have access to convenient and safe payment methods. We do our research into the deposit and withdrawal processes of the casinos we review. We keep the following in mind when grading online casinos’ payment options:

     

    Quick deposits

     

    The best deposits are quick and easy. We look to see how easy deposits are to make as well as how long it takes for funds to be made available.

     

    Secure transactions

     

    Your personal information should not be treated lightly. We examine operators’ payment methods for weak links that might put your data at risk.

     

    Speedy withdrawals

     

    Sometimes, online casinos provide excellent games and a wide variety of deposit options only to drop the ball with slow withdrawals. Our goal is to find casinos with quick, trustworthy withdrawals.

    Fast transactions

     

    Even beyond withdrawals, the team at VIP Coin looks for quick processing of all transactions in general.

    Transparent gaming with fair RTPs. We believe that players deserve to know exactly how likely they are to land a winning spin when playing their favorite slot. We look for operators with transparent gaming and fair RTPs.

  • Even experienced players run into issues sooner or later. We place special importance on online casinos’ customer support options. We do this by looking at the following factors:

     

    Data security

     

    Is the website encrypted? We check out operators’ websites with a discerning eye to homepage encryption that keeps player information safe.

     

    Responsible gambling

     

    The VIP Coin team wants all players to be responsible when gambling. We look for online casinos that share this concern and offer players tools designed to help keep their spending in check.

     

    Simple player support

     

    Players should never have to dig through a website looking for customer support. We look at how easy it is to locate and access player care options.

    Quick and accurate solutions: Not only do we think that players should have answers quickly, but we also believe that they should have the best answers at their disposal.

  • Today’s player has a wealth of devices at their disposal. Online operators should make it easy to access games from smartphones and tablets as well as desktops. We look for the following:

     

    Optimized for mobile play

     

    Can players visit the operator’s website from their mobile device and play their favorite games? Websites should be optimized for smaller screens.

     

    Seamless app integration

     

    If an operator offers a dedicated mobile app, is it easy to switch from the app to the desktop site? Is information synced between the devices?

What about the crypto casinos that fail our tests?

Not every casino we explore meets all of our requirements. We note any potential downsides within our review, and if we feel as though an operator poses a risk to players, we will place it on our blacklist.

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DISCLAIMER: We are not responsible for incorrect information on bonuses, offers and promotions on this website. We always recommend that the player examines the conditions and double-check the bonus directly on the casino companies website.

RESPONSIBLE GAMING: We at Aboutslots.com are not responsible for any losses from gambling in casinos linked to any of our bonus offers. The player is responsible for how much the person is willing and able to play for. We always urge a use of responsible gambling.