Bitcoin Casinos

If you haven’t been sleeping under a rock for the past year, you probably recognize the term cryptocurrencies or Bitcoin by now. The crypto industry has been making headlines after headlines regarding it’s enormous growth all around the world, making more and more people interested in the technology. This year alone we have seen massive institutional investments coming from not only top-tier corporations like Tesla, SpaceX and Twitter, but also from entire countries who have chosen to adopt Bitcoin as legal tender. So far it’s been a huge year for the adoption and expansion of cryptocurrency, like the gambling market and bitcoin casinos, and we are very excited for what has yet to come. Read More

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What is Bitcoin and what are the advantages to crypto & bitcoin gambling?

In this day and age, there are tons of people out there trying to control you, your data and your financial assets. One of the main selling points of cryptocurrencies in general is that you, and only you, have complete control of your assets. When it comes to gambling with your crypto, you can summarize it as virtual coins that provide an alternative way to process value payments without the restrictions of FIAT currencies. However, this is not the only advantage to using bitcoin blockchain based technology. Let’s take a closer look at what Bitcoin is, and what problems it solves.

What is Bitcoin?

Bitcoin is a digital cryptocurrency that relies on blockchain technology in order to create a trustless, anonymous and seamless digital currency. This can be achieved by hosting a completely open public ledger that houses all of the information going through the network. In other words, all addresses and transactions are stored publicly for everyone to see. While eliminating the need to rely on a third-party to facilitate a payment, automatic and pre-coded open source contracts do this for you. Together with everything being open source and publicly viewable to everyone, while at the same time protecting everyone’s privacy, Bitcoin can achieve its goal of being a private and seamless peer-to-peer currency.

Decentralization

One of the best advantages with virtual crypto currencies such as Bitcoin is the fact that they are decentralized. This means that there is no centralized entity that has more power than anyone else. A centralized entity would be the government or your bank in regards to FIAT currencies. While maintaining your identity and privacy, no one can block or freeze your assets, and you can transfer funds without the need of a third party facilitating your payment.

Transaction Fees

Another unique advantage to cryptocurrencies is the fact that the transaction costs are very low. Many e-commerce companies make money through the transferral of funds, meaning everytime you make a deposit or withdrawal. There are multiple conventional payment methods that tend to come with high fees when you make a deposit or withdrawal through an online casino. Fortunately, a blockchain transaction is both cheaper and much safer than the traditional payment methods used. What’s more is that the fee is minimal no matter how much you try to transfer. If you wanted to, you could make a multimillion dollar transaction with unbeatable security for a single digit fee. This is not possible with FIAT currencies.

Anonymity

Bitcoin and most other cryptocurrencies are pseudonymous, meaning any personal data is hidden. When you use bitcoin, you have your own wallet address consisting of a bunch of random letters and numbers. While every transaction is visible to everyone, there is no data to be extracted except the amount transferred and the involved addresses. This means you can play all of your favourite games without having to disclose any personal information at all. Of course, these transactions will never be recorded on your credit card or bank account statements.

Global Payment Solution

One of the main goals of cryptocurrencies, specifically Bitcoin, is to provide a worldwide payment system that works on a peer to peer basis. In other words, creating a system for value transactions without the involvement or control from a bank or a government. There is no one that has the power to keep printing bitcoins like the government does with FIAT currencies, and the rules are the same for everyone no matter which country you reside in.

Crypto Wallets

The first thing you will need to do if you’ve decided crypto is for you, is to create a wallet to store your cryptocurrencies in. There is a wide variety of crypto wallets to choose from, and it’s important to choose a reliable one. The first thing that is good to have in mind while choosing a wallet, is if two factor authentication is supported. This makes it way harder for hackers to get into your account. Since there are tons of wallets without two factor authentication, most attacks are targeted here since it requires less effort.

The second but most important thing to keep in mind is your keys. This is usually a seed phrase given to you that can be used to access your wallet from anywhere without the password. Don’t share this phrase with anyone, and keep it in a secured location (preferably your mind only). In fact, the only thing you should ever share concerning your wallet is your public address, which is used to send funds to.

Typically, there are three different kinds of wallets. Web based wallets that are accessible via your web browser, local wallets opened with a downloadable program, or a hardware wallet (cold wallet) which is a physical object. Below you will find some of the most popular and reputable wallets available worldwide.

Coinbase

Coinbase is possibly the world’s most popular crypto wallet. It is one of the most convenient wallets out there, allowing you to buy and store all your coins in the same place. With an easy to use mobile app it’s a great way to go if you’re using digital cryptocurrencies for the first time.

Keep in mind that Coinbase has a verification process that might take some time to complete, and require tons of personal information.

Electrum

Electrum is a user-friendly wallet that offers simple two factor authentication for its users. It also has a simple validation system that gives you control over transaction fees. This is one of the oldest and most popular wallets available today, despite not being as versatile as other crypto wallets it is a great option for user-friendliness and high security standards.

Blockchain.com Wallet

The Blockchain.com Wallet offers users access through both a web browser and mobile app. It is quick and easy to use and you can both buy, sell and trade your crypto here. With over 78 million wallets created it is one of the most popular choices there is.

Disadvantages of gambling with crypto

As with all things, there are always two sides to the coin. Where there are advantages there are also disadvantages, and crypto gambling is no exception. Some people don’t like change, and usually stick to the methods they are used to whatever it might be concerning.
To make sure all of our readers get the full picture of crypto gambling, here’s a few things that you should be aware of before you start playing with cryptocurrencies.

No reversals

When you have sent a transaction and it has been confirmed by the network, there is nothing you can do to undo the transaction. This means that if your funds have left your wallet you cannot get them back yourself. If there is a problem with a casino, you can’t do a chargeback like you might be able to do with a credit card. This is one of the reasons that makes playing at a trustworthy and reputable crypto casino so important, like the ones we recommend here at hotcryptocasinos.com.

Inherent Volatility

Something that cryptocurrencies are famous for is their inherent volatility, which usually leads to high fluctuations in price. While this can be a big advantage if the price of said crypto increases, it will also work the opposite way.

If you play at an online casino that offers play in bitcoin itself, you will only be affected when you exchange into a fiat currency. There are however multiple sites that credit your account with FIAT currencies after a deposit, which once again can be both good and bad depending on your timing in the market. That’s because the market price of Bitcoin can change rapidly, netting you either more or less bitcoin on your withdrawal.

It’s worth noting that people who believe in Bitcoin and the technology behind it usually look at the amount of bitcoin they have, and not the current market price (since it changes often).

No insurance or recourse

If you run into a problem with a transaction or your funds, you’ll struggle to get it resolved. This is because no one “owns” the blockchain. You will need to be responsible with your funds, choosing a good and secure wallet and storing your seed phrase somewhere safe. If you were to get robbed of your coins, there is nothing that can be done to get your funds back.

Step by step: Get started at a bitcoin casino

Despite what many think, it is very easy to get started with crypto. Let’s quickly go over our step by step guide to your first deposit to a bitcoin casino.

Step 1 – Acquire crypto
The first thing you need to do is find an exchange where you can buy your coins. There are tons of reputable centralized exchanges available, but also tons of peer to peer solutions based on your preference. Make sure the exchange have the coin you are trying to buy.

Step 2 – Transfer to your private wallet
Next you need to have a wallet address ready for your coins. To get your wallet address, you need to have a crypto wallet. We’ve covered this step further up on this page, where we listed some of the most popular wallets available. Provide your public address to the exchange or person you are buying crypto from.

Step 2.5: Scout for a crypto casino bonus
If you like to play with a bonus during your gambling session, make sure to find one that suits you. There are tons of bonuses and offers available on the crypto gambling market. We have listed some of the best ones at the top of the page.

Step 3: Make a deposit!
Once you have your coins stored safely in your wallet you are ready to make a deposit. After you have chosen your casino, simply head to the deposit tab and send any amount to the address provided. For a recommendation of the best bitcoin casinos you can find our list further up on this page.

Bitcoin Casinos – Bonuses

As mentioned before, if you are a fan of big bonuses and being rewarded while you play, you’ve come to the right place. Bitcoin Casinos will outperform the majority of offers available on the regular gambling market. Almost every Bitcoin Casino has a built-in cashback function that repays a part of the player’s wager. In most cases you can expect 10-20% of cashback, available to claim straight to your account balance.

Along with the default cashback, you can expect to find a wide range of different generous bonuses. Just like with any offer from a casino, you’ll want to make sure that you understand the basic terms and conditions before accepting a bonus. Let’s explore the different types of casino bonuses you can expect to encounter playing with cryptocurrencies!

Matching Deposit Bonus

A matching deposit offer is the most common type of bonus being offered by online casinos. It is a match percentage bonus, with the bonus being valued based on your deposit. As an example, you can get offered a 100% match bonus up to $500. This means that you can get an additional 100% on your deposit, up to $500.

No-Deposit Bonus

What is a no-deposit bitcoin casino bonus? Just like the name of the offer hints, a no-deposit bonus is where you can claim a bonus without the need of having to make a deposit. This type of bonus is usually used in order to try out a new casino, as it is often small in size and limited by a max cashout. All you need to do in order to claim a no-deposit bonus is to create an account and try out the casino!

Free Spins

Free Spins is an alternative to the matching bonus. It is common to receive Free Spins as a part of a welcome bonus or simply a gift from the casino. In some cases, you do not need to make a deposit in order to receive Free Spins. These come in a set amount of spins you can use on a slot machine within the casino. The game is most of the time predetermined by the casino, but usually they offer you a range of games to choose between. The wagering requirement (if any) is determined on the amount won after all the spins are completed.

Wager-free bonuses

Almost all offers coming from a casino have wagering requirements put in place. This means that you need to wager your bonus a certain amount of times before being able to withdraw your winnings. With a wager-free bonus, you do not have to worry about meeting a wagering requirement to be able to withdraw. These bonuses, along with the no-deposit bonuses, are the most sought after bonuses a crypto/bitcoin casino can offer.

Reload Bonuses

Reload bonuses are offered as a bonus for a 2nd deposit. These offers are usually smaller than a regular welcome or deposit bonus, but otherwise it works the exact same. Reload bonuses match your deposit with a range from 20-100%.

Loyalty Programmes

One of the best things about crypto or bitcoin casinos is their generous loyalty rewards. Like we mentioned before, it is common ground for a crypto casino to give all their players 10-20% cashback. However, the cashback function is not the only thing you can benefit from by being loyal to a crypto casino. Most sites also give their players XP or Points that can be redeemed for different things like bonuses or credits.

If you’re a highroller, there are tons of generous VIP-programs that you can benefit from. These programs tend to offer larger bonuses, exclusive promotions, random gifts (like a birthday gift) and invites to exclusive events. You don’t want to underestimate a loyalty program from a bitcoin casino, as they tend to be very generous.

Slots and Games

If you’re anything like us and love playing slots and other creative games, bitcoin casinos will suit you great. As far as slots go you can expect to be greeted by tons, if not all, popular game providers. Spanning from enormous Pragmatic Play or Evolution games to smaller providers such as PlayTech, you will be sure to find a game that fits you. Obviously, the games provided can vary from site to site, but the cryptocurrency gambling market overall is very consistent with housing a huge number of providers and games.

One thing you don’t often see on the regular gambling market is house games. On Bitcoin Casinos you can almost always expect to find some sort of exclusive house game hosted on provably fair algorithms. This opens the path to some really creative and innovative games, without having to worry about rigged returns. Provably Fair is a system that openly makes randomated decisions. If you would like to view the outputs leading to the outcome that is entirely possible. After every results you are given a hash which can be used to view the specific code and outputs leading to the result.

Live Casino with BTC

If you are a fan of Live Casinos you’ve got nothing to worry about when playing on a Bitcoin Casino. In fact, you will probably find the exact same Live Casino you are used to. That’s because there are only a few big operators around the world that create these experiences for us players. The most common Live Casino studios are the ones from Evolution Gaming and Pragmatic Play. In these casinos you are pretty much guaranteed to find what you are looking for. Spanning from all the popular table games such as Blackjack, Roulette and Poker, to entertaining game shows such as Crazy Time, Dreamcatcher or Monopoly Live<. These live casinos always have top quality studios, ensuring a smooth gambling experience with great dealers. Let’s take a closer look at what you can expect to find in a Live Casino when playing with cryptocurrency.

Play Evolution Live Casino on Bitcoin Casinos

Evolution is the world-leading provider of live casino games. The Swedish company has been operating for over 15 years, and has had some very successful recent years. During 2021 Evolution acquired the renowned Big Time Gaming, expanding their foothold on the online gambling market. Let’s take a closer look at Evolution’s Live Casino and investigate where their big success stems from.

Game offerings and availability

We believe one of the large reasons for Evolution’s success is their large library of live games being offered. Besides the fact that you can choose between many different games and genres that suit you personally, the games are also live 24/7. You can also enjoy the games from any device you prefer, wether it’s a phone, tablet or laptop. The 100% uptime together with device optimizations you can access the Evolution Live Casino at any time, anywhere.

It’s no wonder that most casinos out there host the Evolution Live Casino for their players. It was the first high quality live game provider on the market, and they have everything one could ask for. Let’s dive into the different games available through Evolution’s live casino.

Table Games

Looking to play some Blackjack or Roulette? Maybe some online Poker? You can find all of these games in the Evolution live casino, and much more. For every classic table game like these three, Evolution offers additional fun takes with their own creative variants.

Blackjack:

Blackjack is one of the most sought after games when it comes to live play. Evolution offers tons of different variants. In addition to the classic blackjack tables, there is Evolution’s own lineup of “Infinite”, “Free Bet”, and “Power” -blackjack. All of the games, including the classic tables, have optional sidebets such as 21+3 and Perfect Pairs. These bring excitement to the players willing to risk a small bet  for a chance to hit one of the larger wins. Some combinations on the sidebets pay over 100 times your bet!

The Infinite-series has an unlimited amount of players that can play at the same time. In this variant, you play alone versus the dealer. Along with the common 21+3 and Perfect Pair bet, there are two additional sidebets called “Bust It” and “Hot 3”. The Six Card Charlie rule is also present.

The Free Bet version is based on one of the most famous variants of Blackjack in real casinos. Here, the player is offered free doubles when their first two cards total 9, 10 or 11.  Additionally, the player gets free splits on every pair except 10s. You also find the same four sidebets mentioned above, together with the Six Card Charlie rule.

In Power Blackjack, all players get the opportunity to Double, Triple or Quadruple down on their two initial cards. The catch here is that all the 9s and 10s have been removed from the 8 playing decks. All the picture cards still remain, as do the four optional sidebets. The Six Card Charlie rule is however removed from this version.

Roulette:

Roulette is one of the most played casino games of all time. In Evolution’s live casino you can find lots of unique and entertaining twists to the game. There are many different national versions such as European, American or French roulette. These pretty much have the same rules, except the extra optional bets in French Roulette. Besides the national versions there are games with more unique twists like Lightning Roulette or Double Ball Roulette. For those of you who prefer faster paced games there are Speed and Instant roulette which offers much faster rounds.

Game Shows

Evolution is well-known for their live game shows they host. There are tons of popular games, some of which you might’ve already seen on TV. Some popular titles within Evolution’s Game Show library are Crazy Time, Dream Catcher, or Gonzo’s Treasure Hunt. All of the games have a live dealer who you can interact with via the live chat.

Summary

Bitcoin and other cryptocurrencies have been exploding in popularity recently. With unbeatable security and very low fee’s many players prefer to handle their gambling in cryptocurrency. Bitcoin Casinos offers a level of privacy and security that regular FIAT-markets can’t compete with. While cryptocurrency is still considered to be in its early days, we guarantee that there will be tons of more bitcoin casinos accepting virtual coins in the near future. Now that you have everything you need, feel free to claim one of our exclusive crypto casino bonuses for the best possible cryptocurrency gambling experience. Have fun!

Frequently asked questions

What is Bitcoin (BTC)?

Bitcoin (BTC) is the first Crypto Currency, and the biggest one on the market. This is one of the most widely used and known about Crypto Currency in the world.

Is bitcoin (BTC) commonly Accepted on Online Casinos?

Yeah, it's very common. More and more normal casinos are starting to accept it, and all Crypto Casinos as far as we know take Bitcoin (BTC) as payment.

How do you get a Bitcoin (BTC) wallet?

You can get a free Bitcoin (BTC) wallet online very easily. There's hundreds of them available, and they all have their own perks.

Where can you buy Bitcoins (BTC)?

We recommend using big exchange websites such as Kraken and Binance. There, you can easily switch between FIAT and Crypto currencies of all sorts.

Can you get bonuses when playing with Bitcoin (BTC)?

Yep, as far as we are aware, there are no casinos that prohibits Bitcoin (BTC) players from using bonuses.

Do you have to verify yourself on Bitcoin casinos?

It depends. On regular casinos with normal licenses there's always a small chance it can happen, but most Crypto Casinos won't verify you.