A — Z of Bitcoin Casinos- The Ultimate Guide
This article is a complete guide on Bitcoin Casinos in general; what you need to know before you sign up on anyone.
Given the almost complete anonymity, stability, and speed you enjoy when using Bitcoins as a payment method, a wave of Bitcoin Casinos has stormed the internet.
It has made it possible to gamble from anywhere, avoiding government regulations, unlike traditional casinos due to Bitcoin’s anonymity.
This poses a threat to the individual who deposits their coins to these sites, and most of them are not even provably fair.
In this article, you will find out the best Bitcoins casinos, and in the end, I will give you proven tips on how to know if a Casino is truly what it claims to be.
The list below represents everything I will be covering in this post. Click on any to take you directly to its content.
- What is a Bitcoin Casino?
- What is Provably Fair Gambling?
- How Does a Bitcoin Casino Work?
- Best Bitcoin Casinos
- How to Choose the Best Bitcoin Casino
- Bitcoin Casinos Vs Conventional Casinos
Now let’s continue, if you’re ready, I’m ready!
What is a Bitcoin Casino?
Bitcoin transactions are becoming increasingly popular over the years as a payment method.
Every online business venture now sees the need to transact with the digital currency.
This is because of its speed and lower cost, and gambling is not excluded from the list.
Bitcoin Casinos are online casinos that transact in Bitcoin and/or other cryptocurrencies.
There are some that also accept bitcoin as a payment method in addition to traditional currencies.
Most of these casinos offer a variety of options for the players to bet their bitcoin on, e.g;
- Gambling Games
- Casino Games
- Spread Betting
- Sports Betting
- Online Lotteries
That’s Bitcoin Casinos in a nutshell. Read on I’ll tell you exactly how these Casinos operate.
What is Provably Fair Gambling?
It is a method of verifying the integrity of the casino software and the honesty of the players.
Thanks to the Bitcoin encryption, both can be checked with a simple hashed seed.
When Bitcoin casinos were still not popular on the internet, conventional casinos were able to manipulate the outcome of their rolls and made more profit.
A casino could reduce a player’s chances of winning to zero and not face any drawbacks.
However, in recent times, it is almost impossible for Bitcoin Casinos which have chosen to adopt this protocol to cheat their players.
If regular online casinos cheat, bitcoin casinos cannot, thanks to random seed number generators and the provable fairness when gambling.
How Does a Bitcoin Casino Work?
Software plays a major role in any online gaming or gambling business, including Bitcoin Casinos.
Popular Bitcoin Casinos with a high number of players usually develop their own gaming software.
Smaller ones purchase or rent theirs, which is usually customized with some unique features.
The software runs the game needing little or no human intervention. It conducts the game for games involving only human players.
Bitcoin Casinos often attempt to establish trust by openly displaying how their software algorithms operate.
This is due to the digital and anonymous nature of Bitcoin Business.
Many Casinos have been found to interfere in their software algorithm, making the game unfair to players by lowering the winning odds.
Hence the need for a “Provably Fair Gambling.” Don’t worry I’ll explain this down the post.
Best Bitcoin Casinos for Gambling
These are some of the best bitcoin casinos out there, with each of them having what makes it peculiar.
After checking out more than 35 casinos online and reading various players’ reviews, I picked out these 7 as the best and reliable ones for safe gambling.
Below is a comprehensive review of the casinos, displaying their unique features.
Established by Techcore Holding B.V. in 2018, Fairspin is the first known online casino with blockchain-based honesty control.
It holds a license by Curaçao eGaming and uses the TruePlay blockchain platform.
Fairspin offers lavish bonuses, lucrative promotions, frequent tournaments, and over 2,000 games by top providers like Betsoft, Microgaming, and Play’n GO.
Customer support responds 24/7 via email, Telegram, WhatsApp, live chat, and callback.
- Up to 170 free spins and 40 ETH welcome bonus
- Weekly cashback and deposit bonuses
- 7 cryptocurrencies supported + fiat
- 8 languages supported
- 2,000+ games
- 24/7 customer support
- Provably fair
Supported currencies include Euro, BTC, ETH, ADA, DASH, LTC, USDT, and TRX.
All funds are converted into TPLAY, Fairspin’s unique ERC20-standard token.
It allows for registering the casino’s transactions in publicly available smart contracts and quickly withdrawing big wins in crypto.
2. Bitstarz Casino
Bitstarz was established in 2014 by Direx N.V Casinos, it is regulated and licensed under the Curacao government.
With over 1,000 games on Bitstarz, it prides itself as the best bitcoin casino in terms of customer support assistance.
They can be contacted by Live chat, email, tickets, or calls.
This casino is known as the multi-currency casino because it offers numerous payment options and instant payouts. The downside of this casino is its high deposit fee of 2.5%.
- Bonus 100% up to 1BTC + 180 free spins
- 5 Cryptocurrencies supported
- 41 Payment methods accepted
- 48 Game providers
- 1000+ Games
- 24/7 Live Chat
Also, accepted currencies includes the British Pound (GBP), Canadian Dollar (CAD), Australian Dollar (AUD), and Swedish Krona (SEK).
3. 1xBit Casino
1xBit Casino is a veteran in the game. It was established in 2007 as an online casino and was later converted to a crypto-only casino in 2016.
The casino is regulated and licensed under the Curacao government, which is not the best regulation based on player protection.
It has a lot of bonuses and promotions on offer. Also, their deposits and withdrawals options list is one of the longest with no service fee.
- Bonus 100% up to 7BTC
- 24 cryptocurrencies supported
- 52 Languages supported
- 62 game providers
- A Sportsbook
- Provably Fair games
4. Betchain Casino
BetChain Casino is also one of the oldest casinos. It has been in operation since 2013.
Its services consist of a unique gaming interface and mouth-watering promotions, and it’s licensed under the Curacao eGaming.
It has numerous means of deposits and withdrawals in crypto as well as in fiat.
Betchain allows players to play with Fiat currencies.
- Bonus 150% up to 1BTC + 200free spins
- 6 cryptocurrencies Supported
- 15 Payment methods
- 10 Languages supported
- 19 GameProviders
- 2346 Games
- Provably Fair
5. FortuneJack Casino
FortuneJack has been up since 2014 by the Nexus Group. It supports 7 cryptocurrencies, including Bitcoin and Monero.
All house games like BlackJack, Keno, and Bingo are provably fair.
The casino offers one of the most extensive game selections in the industry, with over 1000 games.
There is also the provision of an affiliate program with massive payments. It is licensed under the Curacao government.
- Bonus 110% up to 5BTC+ 250 free spins
- 9 cryptocurrencies accepted
- 2 Languages supported
- 1000+ games
- Provably fair games
6. mBit Casino
mBit Casino was established in 2014 by Direx N.V Group.
It is licensed and regulated under the Curacao government.
Over the years, it has developed to become one of the top-ranking Bitcoin Casinos, with many positive reviews coming from its players.
- Bonus 100% up to 5BTC+ 300free spins
- 6 Cryptocurrencies accepted
- 24 Game providers
- 2528 Games
- 5 Languages supported
7. 7Bit Casino
7Bit Casino was established in 2014 by the Direx N.V group and regulated under the Curacao government. The site is a must-play for new or older Bitcoin players because of its variety of games, instant payout, and low fees.
It has a very sound customer support system, after submitting a ticket I got a reply instantly.
It accepts both crypto and Fiat currencies ( Australian Dollar, Norwegian Kroner, Euros, British Pounds, and US Dollars).
- Bonus 100% up to 1.5 BTC or 200 free spins
- 5 Cryptocurrencies accepted and 5 fiat.
- 4 Languages supported
- 1000+ Games
- 24/7 Live chat
How to Choose a Safe Casino
Before you sign up on Bitcoin Casino, you have to find out the following;
Is it a Provably Fair Site?
Usually, the answer can be found on the Casino’s web page. But there are situations where bitcoin casinos make it difficult to check whether they are provably fair. When you come across such a con, the best thing to do is to switch to a more specific bitcoin casino. Most provably fair casinos usually won’t hesitate in letting everyone know about the system.
Is it Legalized and By Whom?
Regardless of the payment method used, you should always make sure you are gambling at an established legal casino. Also, be sure to research the partners’ network of the casino, professional reviews like this, and end-users opinions.
Does It Have Customer Support?
A good and reliable casino must have a sound customer support system. It would be best to find one with a live chat forum.
To find out, submit a ticket before making any deposit and wait for their reply.
What are the Payment Terms?
You have to verify that the casino accepts your preferred payment method. This is because every casino has its own payment terms ranging from withdrawal and deposit fees, currencies accepted, to minimum payouts.
This information is usually displayed on the FAQ page of some sites, others will display it on their home page or payment section.
Bitcoin Casino Vs Conventional Casino
- The anonymity of bitcoin transactions remains the biggest advantage for players.
- The digital nature of Bitcoin casinos allows it to attract users all over the world and more availability of players online round the clock.
- Bitcoin casinos charge a lower transaction fee and faster payments.
- The traditional casinos are easily regulated when compared to Bitcoin casinos.
Gambling disclaimer: Please note that gambling is an entertainment shaft and can be very addictive, and so carries financial and mental risk. Players should be fully aware of the risks involved and restrict themselves properly.
The bitcoins casinos above were thoroughly observed and are highly recommended for you.
It is quite difficult to single out one as the very best as they all have their pros and cons. Sign up on any of them to have the first-hand experience.
Please note that you can lose your money playing casinos. So please play responsible — only play with money you can afford to lose.
That said, I’d like to know…
Do you have any experience with eGaming or online gambling?
If No, seek the assistance of a pro before you start up to avoid losing your money.
Which do you prefer, Bitcoin or Traditional Casino?
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Originally published at https://www.nigeriabitcoincommunity.com
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