Online casinos are popular. The use of cryptocurrencies in gambling is becoming more common because reliable money systems are perfect for this industry. Due to the enormous popularity of Bitcoin, many people want to have at least a couple of satoshis. They take a chance and play Bitcoin Casino. How do Bitcoin casinos differ from other gambling resources, and what are their advantages? In this guide we are going to overview all these questions. Keep reading to find out.
What Is BTC Casino?
Bitcoin casinos are gambling platforms where you can place bets and win BTC. There are online casinos where you can only use this type of digital currency, and there are others where Bitcoin is just listed among the available ones (among other cryptocurrencies and fiat money).
Bitcoin draws attention with its highly reliable payment system, which does not apply to any intermediaries for transactions. Moreover, the use of cryptocurrency implies the protection of personal data since this digital money such as Monero ensures the anonymity of users.
Such casinos have a lot of advantages:
- Most Bitcoin casinos have zero transaction fees, whereas traditional casinos with fiat money have limits and commissions.
- Guaranteed funds withdrawal. Cryptocurrencies specialties protect their users from possible fraudsters’ access to the wallet and blocking the account.
- Bitcoin casinos make the deposit amount very small and attractive for beginners. For example, the minimum amount in mBit Casino is 0.0003 BTC, in 7Bit it is $20.
- Anonymity. Bitcoin casinos do not require customers to provide all data and pass several rounds of verification.
- Players are also attracted to the opportunity to make small bets. So, if you don’t want to risk, or you cannot afford betting big amounts, you can begin with just a few satoshis.
How Bitcoin Casino Works?
In fact, Bitcoin casinos work exactly like traditional online casinos, the main difference is that BTC casino operates with Bitcoins or another crypto, while traditional run on fiat currency.
When you register, a casino usually offers you to create an internal wallet, where you can store coins that you have won or you want to bet. You can also place funds earned in crypto games.
You must know how the external process works: a gambler makes an initial bet from his wallet. He can both lose or make a profit, depending on his success in the game.
Speaking about the internal process, Bitcoin casino is a software program, which means it runs without human participation, or almost without. Most platforms are programmed to generate random results, which is fair enough. When real people participate in the game, the software acts as a dealer.
Many Bitcoin online casinos face a problem of low trust levels. Many users do not believe in the game integrity that’s why some platforms use a transparent system. This means that most Bitcoin casinos seek to establish trust by openly revealing how their software algorithms work.
3 Best Bitcoin Casinos in 2020
The question is which platform is better to choose? Which is more fair and user-friendly? Let’s overview the best Bitcoin casinos in 2020.
Bitstarz casino was released in 2014 and it offers over 2600 games. The platform supports both digital and fiat money, among which US and Australian Dollars, Euros, Russian Rubles, and many cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Dogecoin, and Litecoin. Bitstarz provides users with bonuses and gives opportunities to win a Bitcoin jackpot. There is also a mobile app, so you can play everywhere.
Bonuses: 2 BTC + 180 free spins, first deposit bonus is 152% up to 2 BTC + 180 free spins. No deposit bonus: 20 free spins. Betting: 40x bonus.
Pros. Bitstarz offers gamblers fast withdrawals, over 2600 casino games, and mobile app.
Cons. Some games are only for fiat currency holders.
#2. mBit Casino
Released in 2014, mBit Casino is also a fairly old and highly experienced cryptocurrency casino, that supports digital assets like Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin and Tether as well as fiat US, Australian and Canadian Dollars, Euros, Japanese Yen, and Russian Rubles. mBit offers 2528. You also can gain VIP status with your personal VIP assistant through your consistent experience with mBit.
Bonuses: the first deposit bonus is 150% up to 2 BTC + 100 free spins. The bonus total is 6 BTC + 100 free spins. No deposit bonus: 50 free spins. Betting: 40x bonus.
Pros. Casino provides users with fast service, VIP program, awesome deposit bonuses.
Cons. Inconveniences about game restrictions in some countries and pretty weak license compared to other casinos.
#3. 7Bit Casino
7Bit Casino is also a representative of 14club. The platform accepts following digital assets: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Dogecoin (DOGE), and Tether (USDT), likewise such fiat currency as Euros, US Dollars, Australian Dollars, Canadian Dollars, and Russian Rubles. It provides gamblers with 2300 different crypto casino games with a wide array of live casino games and mobile applications.
Bonuses: the first deposit bonus is 100% up to 1,5 BTC +100 free spins, Bonus total is 5 BTC +100 free spins. Betting: 40x.
Pros. 2300 casino games and live casino games, a mobile app for iOS and Android.
Cons. There are pretty big betting terms on bonuses and free spins. Secondly, you have to bet your deposit at least 3 times to withdraw your winnings.
For sure an easy way of gaining money always interests people, and Bitcoin is one of the most reliable cryptocurrencies.
However, not only Bitcoin contributes to the development of the gambling industry. Certainly, Bitcoin always attracts people with its facilities, but you cannot exclude the idea that in the nearest future some less famous altcoins might be more appealing for gamblers.
Bitcoin casino is a great opportunity to take a chance and try to multiply your funds, anyway be sure you do not wager the amount you cannot afford and do not push your luck.
Changelly is a secure instant crypto exchange that has 150+ cryptocurrencies available to be swapped and bought at market-best rates. Operating since 2015, the platform and its mobile application attract over a million visitors monthly, who all enjoy quick and simple exchanges, low transparent fees, and 24/7 live support.