Best Bitcoin casinos and cryptocurrency gambling have become more and more popular lately. Many casino players have opted for Bitcoin casinos. There are tons of features that Bitcoin casinos offer, which you won’t be able to find in traditional casinos. That’s why many of us have recently turned towards Bitcoin gambling.
An issue that we faced when we first started playing on Bitcoin casinos was which casinos were the best and which ones were a scam. We decided to find some key features to look out for when choosing the best Bitcoin casinos.
Today, we will look at some things you’ll need to look out for when selecting the best Bitcoin casino.
Choosing A Bitcoin Casino
There are tons of different Bitcoin casinos out there. Even some traditional online casinos offer Bitcoin as a payment method. Some others only accept Bitcoin and other cryptocurrencies as payment.
What makes Bitcoin Casinos stand out?
We couldn’t list every single reason why Bitcoin casinos are better than traditional ones. Simply put, Bitcoin casinos offer zero transaction fees and fast deposits and withdrawals. On top of that, they are much more secure than traditional ones.
Plenty of casinos have already started to accept Bitcoin as a payment method. This is cool for any of you crypto enthusiasts because you can find a reputable casino that accepts Bitcoin.
You’ll also have a much wider variety of games. You could either go for casinos that accept only Bitcoin or for traditional ones that also accept Bitcoin. The former usually offer their games, while the latter lets you play some of the best games by the most famous software providers.
Since Bitcoin casinos are new, they had to find areas where they could excel. Such areas are customer support, which is always really fast, beautiful UI, and smooth mobile apps.
How legitimate are Bitcoin Casinos?
You’re not the first one to think that some Bitcoin casinos are not reliable. Many of them are pure scams. And you can’t do something about that.
This happens because Bitcoin casinos are not like regular, traditional casinos. They don’t have to go through the same licensing and regulations as most online casinos. Any casino that accepts bitcoin doesn’t have to get licensed.
The most well-known licensing bodies are the Malta Gaming Authority and the UK Gambling Commission. They’re the ones who make sure that any online casino is legitimate and safe for users.
The Malta Gaming Authority does not license Bitcoin casinos. On top of that, any casino that accepts Bitcoin isn’t licensed by the Malta Gaming Authority. So, you can never be sure if a Bitcoin casino is legit or not.
However, this allows Bitcoin casinos to save tons of money that would have, otherwise, been spent on regulation fees. This will benefit the players, as they need to pay any fees to the casino.
But no regulations and no licensing means no safety. That’s why you’ll need to do as much research as you can on these Bitcoin casinos. This way, you can find the best ones. And, in return, you won’t lose any money. Well, unless you gamble it all.
Something of note is that Bitcoin casinos are banned in some countries, most notably the USA. But, this can be bypassed. Many casinos ask for only a username and an email address. There are no location verifications. Identity verifications are nowhere to be found, either. So, any of you from the US can play on some of these Bitcoin casinos.
We would suggest that you find the most reputable sites and play on them. The main problem with Bitcoin is that it’s anonymous. So, you can forget about refunds.
There are many Bitcoin casinos on the internet that you can try out for free. So, if you think that one casino is not as reputable, you can try it out and see yourself. This way, you’ll know how the Bitcoin casino works and what games you’re offered.
Best features of Bitcoin Casinos
We’ve said enough about the dangers and the negatives of Bitcoin casinos. Let’s look at some of their advantages.
Nobody likes to go through all the different IDs and background checks and location verifications etc. All we want is to play our favorite slots and table games. That’s why we play in Bitcoin casinos.
Bitcoin casinos usually have no verifications for you to go through. So, you can start playing almost immediately.
Full control over your funds
If you decide to play in a casino that accepts Bitcoin, you’ll always have full control of your money. The casino can never take any funds from you, and they can’t hold any of them. This happens because of the decentralized nature of Bitcoin.
Any transactions you make are instant. Do you want to deposit some Bitcoin? The transaction is done in a matter of seconds. The same goes for withdrawals.
Privacy and Anonymity
It’s never nice to lose your bank info or credit card info. You can never anticipate a security breach as a user. That’s an area where the nature of Bitcoin excels once again.
Since this is a decentralized payment method, you have no reason to sell your info with the casino. So, you’re not likely to get any personal information stolen, even if a security breach happens.
No Transaction Fees
When you use Bitcoin as a payment method, there are no middlemen. So, in return, there are no fees.
The only bad thing about Bitcoin is that its price can change at any point. If you deposit $10 worth of Bitcoin, but the price ends up skyrocketing, you might end up with $15 to gamble with.
Provably Fair Gaming
Most, if not all, of the Bitcoin casinos, offer provably fair games. This is a way to ensure that any slot you play is 100% provably fair. So, any spin you play or any dice you roll will always be 100% legitimate.
Rounding up this article, we’d like to mention that there are tons of great Bitcoin casinos out there. You should try to find the one that is most attractive to you. In other words, find the most reputable ones that have your favourite games.