A Guide to Bitcoin Gambling

Gambling with Bitcoin has definitely injected some fresh energy into the online casino industry in recent years with a growing number of casinos and online sportsbooks waking up to the clear benefits of online gaming with crypto and adding it as a payment option. A growing choice of legit casinos accepting Bitcoin is excellent news for players.

Ready to begin Bitcoin Gambling? Here we lay out some basics of gambling with Bitcoin online and answer some common questions that those new to gambling with cryptocurrency often ask.

The 2 Main Reasons to Gamble with Bitcoin

  1. Send funds to a casino with top security and speed. Using the blockchain technology is a very dependable way of moving money and it’s safe from fraudsters who may try and seize your funds or acquire sensitive information.
  2. Gambling with Bitcoin means any wins will result in a boost of your crypto funds. Gamble responsibly at online casinos or sports betting sites and should you strike it lucky with a win you can move earnings over in your chosen Bitcoin wallet.

How do I play Casino games with Bitcoin?

If your a Bitcoin gaming novice then why not read our How to Buy Bitcoin Guide. Moving forward, lets take for granted that you are familiar with purchasing Bitcoins and making purchases and transferring funds. There are a few ways of using Bitcoin to access online casino gambling and sport betting products.

Most often when you make a Bitcoin deposit into an online casino account the casino will convert the funds to FIAT currency and you’ll proceed to play games and gamble with that money. If you land a win and with to cash out then your funds will be converted back into BTC before make a withdrawal.

Some of the leading BTC Casinos have specific BTC Games for crypto gamblers to play. In this instance there is no conversion to FIAT and the games are played using BTC. These games are usually nice and varied and range from BTC Slots to live casino titles, popular BTC table games and much more.

Enjoy Fast Bitcoin Deposits and Withdrawals

A common gripe among online casino players is sluggish and problematic deposits and withdrawals. Sometimes a particular payment method may be unavailable or restricted in one territory or another. Gamers also get frustrated when extra checking procedures last for days and delay the pay out process.

Many of the pitfalls of depositing with FIAT currency can be avoided when playing online with BTC. The fact that Bitcoin is deregulated meaning that the banking industry don’t have a hold over it and neither do governments means that BTC can be used to play from any location on the planet. A Bitcoin payment simply has to be verified through the blockchain for it to clear into your casino account. Depending on the site this can be instant or take up to 10 minutes. Standard casino withdrawals can be even more painstaking but not with Bitcoin. All you need to do is input your BTC wallet address and let them know the amount you’d like to cash out and hey presto!

Use Bitcoin to avoid fees at online casinos

Skip annoying casino fees using BTC casino payments. Fees obviously vary depending on the site and the payment method but by using Bitcoin you can circumvent navigate the third party handling fees that often apply.

 

 

 

Bitcoin Casinos are becoming ever more prevalent in the online gambling space. As well as the many benefits of gambling online with Bitcoin such as fast payments, innovative new Bitcoin games and the play from anywhere flexibility of Bitcoin gaming, a big driver in the popularity is the breadth of choice and ever improving generosity of Bitcoin Bonuses and Bitcoin Casino Welcome Offers.

What is a Bitcoin Bonus?

Bitcoin Bonuses are promotional tools of course. A Bitcoin Casino will serve up a welcome offer to incentivise and reward online Bitcoin players to sign up and register a new casino account. The casino are dangling a carrot in the form of these Bitcoin promo deals and they hope that once you’ve tried the games and services you’ll have enjoyed your experience enough to become a regular player at the casino. Quite often BTC Bonuses can be more generous than their FIAT currency counterparts giving another great reason to play online casinos with Bitcoin.

Not all Bitcoin welcome bonuses are equal, there are many different styles of casino BTC offer and they differ in terms of structure as well as generosity. Read on to learn more about the different kinds of casino bonuses for players gambling with Bitcoin…

Bitcoin Deposit Bonus

The most common style of welcome bonus is the deposit bonus. A deposit that is offered when you make a real money (real Bitcoin!) deposit at the casino. Your first deposit incurs a bonus and occasionally so does your second deposit, third deposit and occasionally 4th and 5th deposits too. If multiple deposits have a bonus attached this is often called a ‘welcome package’. Also known as a ‘Match Bonus’ the casino will usually pledge to boost your game playing budget by doubling your stake to the tune of 100%. A deposit bonus can sometimes be more or less generous than a 100% match. Occasionally a deposit bonus can mean free spins in exchange for a deposit at a new BTC casino. More on bonus spins below…

Bitcoin Free Spins Bonus

Bitcoin casino free spins are also a really popular give-away at an online casino. Once you’ve made your casino deposit a stated number of extra spins or free spins can be awarded. Usually these spins don’t affect your deposit and so represent a risk free opportunity to sample some slot machines and potentially win Bitcoins at a casino. Often the free spins are tailored to a specific slot game or a series of games from the same software provider but occasionally your free to choose any video slot you want to play. Free Spins are a great way to check out a new online slot so that you know if the game is to your taste before you spend your real BTC deposit funds on the game.

Bitcoin No Deposit Bonus

Sometimes also known as a sign up bonus or free spins on sign up, a No Deposit Bonus is a bonus awarded simply for registering as a new member at a casino with no deposit required. Popular with players who love to play slots for free, No Deposit Free Spins and No Deposit Bonus funds are equally sought after. There are usually extra tight terms and conditions attached to a Bonus with No Deposit needed, read more about this below.

Find Bitcoin Bonus Codes

Often you will need to input a bonus code to collect a BTC welcome bonus at a participating casino. Here at Bitcoin Gamble Guide we’ll keep you in the loop when it comes to the best Bitcoin Bonus Codes and at which online Cryptocurrency casinos you need them.

Bitcoin Bonus wagering and t&c’s

It’s super important to scrutinise the terms and conditions and in particular the wagering requirements of any bonus bitcoin offer at a casino. Every casino bonus will have T&Cs attached but the requirements will vary greatly from one bonus to the next and from one casino to the other. The most consequential term is the wagering requirement of the bonus also sometimes known as ‘the play-through requirement’. The wagering requirements are of great importance as these will affect your ability to pay out real bitcoins from any win that you might land. The wagering requirement stipulates the amount of times you have to play through your winnings before your allowed to collect your funds and the higher the requirement the harder or less likely it is that you’ll be able to make the grade and withdrawals any funds from the bonus.

Other terms and conditions that effect bitcoin bonuses include withdrawal limits where a maximum withdrawal is placed on the no deposit spins meaning that only a modest win is possible from the bonus. It’s also worth paying attention to the time limit restrictions of a bonus.

Bitcoin-Lottery

We’ve all dreamed of winning the lottery at some time or other. What it must be like to watch your numbers come in and snag a huge win that would change your life forever, we can but dream! That said, winning a lottery though statistically unlikely is still a real possibility and while there’s a chance many of us enjoy the buzz of throwing a few bucks at our lucky numbers from time to time. Nowadays, as well as playing Lotteries with FIAT currencies, the option exists to play  the lottery with Bitcoin!

Bitcoin Lottery

What is a BTC Lottery?

The ability to win a lottery without parting with standard currencies is a real prospect in this new Crypto Casino era. Many Bitcoin Casinos have added Bitcoin Lotteries to their entertainment portfolio and they’ve been proving popular with Bitcoin players to they point where there’s now a wide selection of casinos offering Bitcoin lottery games. There are tales of enormous wins where some lucky gamblers have walked away with as much as a 1K BTC prize purse!! Take a moment to digest that, a BTC jackpot worth in the region of 10 Million dollars!! Those eye watering Bitcoin jackpot wins have caught the imagination of many players and goes some way to explaining the growth in popularity of these games.

How do Bitcoin Lotteries Work?

Playing the Bitcoin Lottery is super simple and that’s probably why players like it so much. You can buy your ticket with BTC or Bitcoin Cash (BCH) and upon making a purchase you must pick your numbers in a similar fashion to a traditional lottery. Numbers can be picked from a list that will usually stretch between 1 and 50 and most commonly you’ll need to choose 6 numbers.

The lottery is drawn by the lottery operator as would happen in a standard game and if your numbers match those drawn in full, book the private jet, your in for a life changing win!! A jackpot win is of course the best case scenario but also the least likely. Smaller wins are also on the cards if you match a lesser amount of drawn numbers with prize values lessening the fewer numbers you match as you would expect.

Different casino lotteries will of course have varying payout procedures as well as their own set of rules of play, terms and conditions. Always take a moment to familiarise yourself with the T&C’s before you buy you ticket for the Bitcoin Lottery you want to play.

Are BTC Lottery Games fair?

It’s perfectly possible and in-fact not particularly difficult for a rouge trader or disreputable casino to create a Bitcoin Lottery. Take time to select a Bitcoin Lottery provider of good standing and firm reputation. Pick a provably fair Bitcoin Lottery that independently verifies the results of their games and proves that they have chosen the lottery winner at random.

The Bitcoin lottery casinos that we list here at Bitcoingambleguide.com are all above board, provably fair, well respected providers of bitcoin lottery games and other online gambling products.

 

Bitcoin

Crypto gambling is taking over from the last few years. From slot machines to every type of casino game, online casinos have started to accept Cryptocurrencies. Though the digital currencies are yet to be identified as legal tenders the developments in the recent few years and launch of Petro by the government of Venezuela have hinted towards the potential future of Cryptocurrencies. Bitcoin is no doubt one of the popular and oldest cryptocurrency. Though there is no set of rules governing the regulation of cryptocurrencies, it’s always wise to check the government website for further information.

Crypto gambling

Legality:

The world of digital currencies has seen a boom in recent years. Venezuela has launched its cryptocurrency Petro and Facebook is about to launch Libra. The question that comes to mind is gambling legal with bitcoin. There are no regulations that prohibit gambling with any cryptocurrency though there can be a slight change of rules.

Is it legal?

Many countries have learned the potential of digital currency and started to legalize it. Some have gone a step ahead and passed legislation to regulate. Japan has recently passed state laws to regulate Cryptocurrency gambling including Bitcoin. In Countries like the Netherlands, Belgium, Greece, Belgium, Italy, and the UK, gambling with any cryptocurrency is ambiguous. That means it’s not prohibited, but not officially announced to be legal. Ther are no restrictions in many countries that prohibit you to take part in any sort of Bitcoin gambling.

Digital currencies

Licensing:

Licensing can be a real trouble when it comes to online casinos let alone Bitcoin casinos. As far as the leniency in registration is concerned, Scandinavian countries are kore open and licensing is more convenient. However, in countries like the UK, getting a license from the UK Gambling Commission can be a real headache. Unsurprisingly, Japan has become the first Asian country to pass various laws to regulate Bitcoin gambling. Though much works need to be done in other countries, as more and more countries continue to accept Crypto gambling, Bitcoin gambling is becoming more normal than ever.

Future:

Bitcoin gambling is a legit business, where it is preferred for its decentralized, lower fee and faster processing. However, the future seems to have a tough competition for the currency but in matters of gambling, the future is not bleak but anticipated to climb to new heights. Apart from other currencies, Bitcoin has its market is the world’s first cryptocurrency and has become synonymous with the digital currency. This gives it an upper hand in the game.

Conclusion:

Bitcoin gambling can differ from place to place depending on the country that it operates from. Though many countries have legalized the Bitcoin gambling, others are ambiguous about the Bitcoin casinos. They are in limbo. Neither prohibited nor officially allowed but sue to the recent advancements, this is supposed to change where more countries are likely to legalize cryptocurrency, allowing the Bitcoin casinos to flourish more.