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However, most of these bitcoin casinos offer provably fair gaming. For some, the term bitcoin casino might be a little confusing.
While almost every bitcoin casino does accept BTC as a form of payment, there are a number of other accepted cryptocurrencies. Ethereum, Litecoin, Bitcoin Cash, Dogecoin, and others are also popular amongst bitcoin casinos.
Some accept US Dollars or Euros as well. We are also seeing more bitcoin casinos that have a native gambling-focused cryptocurrency.
Users should consider how easy it is to receive payments from the casino. Many casinos now offer instant payouts. Some bitcoin casino payouts are slow, which could negatively affect the value of winnings.
Generally, these sites should be avoided. Just because bitcoin casinos are not allowed to operate in your native country does not mean that you are not allowed to participate as a player.
In the US, for example, players can legally play offshore games. In other nations, it could be illegal to participate in bitcoin casino games or online casinos altogether.
Tax laws can be quite complex and require players to conduct diligent research. Similar to blockchain technology and the cryptocurrency market, the bitcoin casino market is always changing.
This means that more options could enter the market at any time and offer better services. Note that this list of was compiled on August 2, Sites are not listed in any particular order, and individual user experiences may vary.
For those considering bitcoin casinos as a new option for online gambling, there are a variety of factors to consider.
How do you know if a bitcoin casino is provably fair? You can know if a bitcoin casino is provably fair through different ways.
You can read different reviews and feedback about any casino that you are interested in. You can also make sure that the results generated by the casino are done locally by recording the hash function of server seeds and the client seeds that you input to the bitcoin casino games.
You should also make close note of the explanation that bitcoin casino provide to the readers for being it provably fair. There is no scientific method to know about the provably fairness instantly.
How long does it take to deposit or cash out? The deposit and cash out of bitcoin do not take much time. For smaller amounts, it is very fast and instant if you have your wallet account ready to use.
But, for larger amounts it may take 2 to 10 hours to deposit or cash out bitcoin transaction. Normally, these tractions appear in pending status for a certain period before they are cleared; and, the status of the transactions changes once they are cleared.
So, it is very easy and fast for small as well as large amounts. Its imporant to understand that its the security measurements of the bitcoin casino which takes a while with larger winnings to cash them out — transactions with bitcoin are submitted in a few minutes to 2 hours in median, no metter how much bitcoin you send.
Do bitcoin casinos offer free bitcoins? Yes, many bitcoin casinos offer free bitcoins to its prospective players or affiliates for different activities such as, your registration with the casino, referring a new player to register on a casino, to play a new game, and many others.
These offers are mostly promotional and certain terms and conditions apply. There are some casinos that also offer bonus on games and number of gambles etc.
On Funsatoshis you can learn in detail how slots work. Do I need a credit card or bank account to gamble? It is not necessary to have credit card or bank account to gamble on a bitcoin casino.
Normally, credit card and bank account payment is subjected to additional processing charges and fees but bitcoin transactions are free of charges, except a 0.
Not all bitcoin casinos are regulated; but some reputed casinos are regulated and licensed. Another important thing related to licensing of bitcoin casinos is that the casinos operate from such countries where having license is just the name of paying license fee and having the certificate.
So, it is a good idea to research about the casino before investing your money. It depends, if you want to create your bitcoin wallet on the hard drive of your computer you will need software to download and install on your computer.
You can access your wallet through supported browsers. Meanwhile, some bitcoin casinos require their client software to download and install on your computer to gamble and also, there are many bitcoin casinos that use software for client to download.
Are there bitcoin-based gambling sites or apps that work on a mobile phone? There are many bitcoin based gambling sites or applications that work well on modern smart phones such as, Android phones, iPhones, and others.
Some companies offer their applications to download directly from their own websites too. Always download apps of those gambling companies that are provably fair in their dealings as well as operations.
A deposit bonus is a kind of promotional offerings in terms of percentage of original money a player deposits. The working principle of that deposit bonus varies website to website.
Some gambling websites put the limit of number of wagering, some put the limits of minimum amount of bonus to reach before you can use it, and some put limitations of minimum use of amount on games.
Therefore, it is highly recommended to read the terms and conditions on how to use the deposit bonus before you choose for those kind of promotional features of bitcoin casino websites.
Are bitcoin casinos secure? There is no generalized answer to this question; it depends on which bitcoin casino you want to play.
There are many bitcoin casinos that are secure and provably fair in their business, on the other hand, there are many fake and unfair casinos that are not secure.
So, you should take care of a few important things while deciding for any casino such as, checking license and reputation of that particular casino through review websites and customer feedback.
There is no minimum deposit amount in bitcoin casinos. The most commonly used units in bitcoin casino gambling are Milli-bitcoin mBTC.
For example, if you deposit 1 bitcoin, it will be converted into mBTC. You can play games via those units of your bitcoin deposit. Bitcoin may have had its share of challenges and controversies but it has slowly become a good alternative to traditional currency.
Many have already started accepting and paying in bitcoins in lieu of traditional money. Bitcoins are particularly advantageous in the field of online gambling as they make it easier to wager and collect winnings.
Typically, gambling sites or online casinos require credit cards or some form of online payment facility to allow players to place their bets and receive the amount they have won.
However, not everyone has a credit card. Online payment facilities, on the other hand, require credit cards to become verified and to transfer funds.
As such, not many get to enjoy the fun of being able to play casino games through the Internet. There are sites that offer alternative methods for online payments but they are usually unreliable and far from secure.
Bitcoin addresses the security and regulatory concerns associated with other forms of currencies or payment schemes employed by standard online casinos.
It would be inexpedient pitting bitcoin online casinos against traditional casinos. As of now, they have their respective advantages and disadvantages that only tend to cancel each other out.
Besides, some of the best bitcoin casinos around are casinos that used to only transact using standard currency. The better thing to do would be to just enumerate the many advantages of online casinos that accept bitcoins.
These advantages are too compelling that you may just decide to start playing using bitcoins soon enough. The best bitcoin casinos carry the same range of popular games offered at traditional online casinos.
You may notice that some sites brag about having nearly a thousand games but these games are actually just variations of most popular games.
There are also those that offer live casinos and some support manual shuffling. The most popular games being played on standard online casinos are basically just the same games played on bitcoin casinos.
In our bitcoin casino reviews, we try our best to provide information about what makes the site being reviewed different from others.
We also present a sampling of the games available along with information about the number of games in the respective categories.
These numbers can be useful to you as you decide which one offers the most number of variety for the particular type of game you are interested in.
Usually, we no longer present the mechanics of the games. We only occasionally highlight specific games that stand out because of their distinctive rules and features.
The presumption is that most of those who are looking for information about the best bitcoin casino sites are already well acquainted with the rules of the different casino games that can be played.
Our reviews focus on the intuitiveness of the casino design, the ease of signing up, the responsiveness of the site, site policies, terms and conditions, extent of games available, and the overall experience when playing games on the sites reviewed.
Our bitcoin casino reviews are great because we do our reviews the way they should be done!