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Since its inception in 2009, bitcoin has made a real revolution in public consciousness: it turns out that money can be taken out of nowhere, without doing anything, but forcing your computer to work instead of you! Moreover, the money received, it turns out, will not be controlled by any bank – they will not have a specific issuer at all, who would come up with commissions and various restrictions for payments! Similarly, the rule of anonymity is observed – since there is no controlling institution, then no one needs to introduce it!

For fans of gambling, who are far from always eager to cooperate with the administration on the KYC principle and often use an institution registered in another country, cryptocurrencies, and primarily bitcoin, have become a way to conduct their payments safely and without the ability to track them from the outside. Now no one, except you, will know how much you have lost or won – so isn’t that happiness?

Bitcoin Casinos Pros and Cons

Due to the very specific status of bitcoin, which for a long time was undefined from a legislative point of view (and in many countries, it remains so), at first, there was absolutely no place to spend the cryptocurrency. It became noticeably easier from the moment when several states recognized BTC as money – then online casinos in this direction noticeably intensified, although before that, some people accepted cryptocurrency payments. Although during the legalization bitcoin got into the field of government regulation, gamblers still see such advantages in online casinos that work with crypto:

  • complete anonymity – if you decide not to “shine” the fact that you have a cryptocurrency wallet, there is a high probability that it will simply not be possible to “catch you by the hand” because the wallet itself does not contain any information about its owner at all;
  • no regulators – which means no payment fees, no complicated verifications, no limits;
  • not the slightest territorial restrictions – since bitcoin was originally conceived as a means of payment out of regulation, the lack of official and authorized status in the territory of any country does not prohibit its use here;
  • the security of transactions is guaranteed by the blockchain – all transactions are recorded in it, and it is almost impossible to hack it;
  • the bitcoin rate in recent years has shown a general upward trend, which means that your winnings, if measured in any classic currency, may grow even more.

If we talk about the minuses of bitcoin, then they consist, first of all, in the fact that its rate has both ups and downs, and extremely sharp – the absence of a regulator affects. For a day, the crypt can fall in price by half, and this is a big problem if you seriously counted on this win. Again, in countries where the payment status of bitcoin remains vague, the winnings, in fact, have nowhere to go – unless they bet again. You can exchange it for fiat money through various exchanges or online exchangers, but an inexperienced person can easily give funds to scammers and receive nothing in return, especially since it is impossible to identify the fraudster.

Bonuses and Promotions

The variety of online casinos that accept payments in bitcoins is largely due to the full legalization of this cryptocurrency in jurisdictions such as the United States and the United Kingdom. Today, there is already plenty to choose from; therefore, it is important for the user that the site he has chosen is honest and offers good bonuses either upon registration, or for loyalty, or better, both. We have selected several establishments with the highest level of customer confidence.

Casinoin

This site is very generous in terms of the welcome bonus for the first deposit in cryptocurrency – it gives 100% of the amount up to 1 bitcoin. If you look at the current BTC rate, it turns out that comparable offers for fiat money simply do not exist. At the same time, the minimum deposit for participation in the promotion is 1 millibitcoin – that is, one-thousandth of a bitcoin, which is also not so little. However, the reward is not limited to this either – in addition, the administration of Casinoin will reward the tech-savvy client with 60 free spins, which will be given out in four portions – 15 for each of the first four weeks.

Bitstarz

In this case, the administration even disguised the word bitcoin in the name of its institution, and it’s not without reason that the cryptocurrency player will be made rich here. Having just registered, he will immediately receive 20 free spins as a gift. According to the rules of the casino, you cannot win (read – withdraw) more than 2.77 Mbitcoin from these free spins, but this is, in general, money that does not lie on the road.

Having made a replenishment of the game account in the amount of at least 0.55 millibitcoins, you will receive a first deposit bonus in the amount of 100% of the replenishment amount, while the size of the bonus reward can reach a whole bitcoin, and 180 free spins are also given from above – 20 each over the next nine days! The second deposit provides another opportunity to receive up to a whole bitcoin as a bonus, but the reward is now only 50% of the size of the deposit. On the third replenishment, by the way, they also give a bonus, and also 50%, but here they relaxed the restrictions in the form of an upper limit – a generous player can be rewarded with two bitcoins at once. For those who even though this was not enough, there is the fourth deposit – its conditions fully coincide with the conditions of the welcome bonus, not counting the free spins, which this time are no longer offered.

Joo Casino

Here they also offer bonuses for the first four deposits, and although the maximum amount of remuneration, against the background of what the competitor offers above, looks very curtailed, let’s be objective – most ordinary players do not even reach this limit. For the first four deposits, the rewards look like this:

  • the first one – 100% deposit bonus up to 14 mbitcoins, as well as 100 free spins;
  • the second – 50% reward with a reward limit in the form of the same 14 mBTC;
  • the third – both the interest rate and the upper limit are growing: they give 75% with a total benefit of up to 21 millibitcoins;
  • the fourth is the same as the first, except that 50 free spins are given, not 100.

To receive each of these bonuses, the size of the deposit must be at least the equivalent of 20 euros – this is about 3 millibitcoins. Wagering is carried out with a 50x wager, and the maximum wagering requirement is capped at the equivalent of 5 euros (about 0.7 mbitcoin).

faq
What exactly is Bitcoin?

It is a virtual currency (cryptocurrency) that exists only in the digital dimension. It has no issuer, and it is not issued in the form of banknotes or coins, as well as a stable exchange rate. The advantage of this approach is in the absence of control over the circulation of bitcoin: until you yourself admit that you have it, or attract the attention of the tax authorities with prohibitively high costs, no one will guess that you have a wallet.

How does blockchain guarantee security when paying to online casinos?

Bitcoin, like any cryptocurrency, works on the blockchain principle – all operations are recorded in the database as a chain of sequential actions. The database itself is not stored on any central server, but many users have it on their PC and are regularly synchronized. It is impossible to remove anything from the chain, and even on all computers at once, so you can prove that the payment was made at any time.

If one bitcoin is so expensive, how do you pay it?

If the traditional currency is divided into pennies/cents/centavos, of which there are usually a hundred in a unit, then each bitcoin is divided into 100 million pieces – satoshi. One bitcoin is really a lot for a deposit or a bet, but it is not a problem to pay one-hundredth of it or even one of its millionth.

Can I track my payment in bitcoins?

In fact, anyone who has a complete blockchain database can get information about him, but there is no question of personal data – only wallet numbers. Without trying to specifically find a specific operation among thousands of other faceless ones, the average user will simply not notice your payment. To understand that it was you who paid, such a user must know your wallet number.

Are there territorial restrictions for using Bitcoin?

The policy of some states is such that their governments, not being able to track bitcoin transactions, prefer to formally prohibit the use of cryptocurrency or fundamentally not recognize it as a means of payment. This usually does not affect the owner of the wallet in any way – he continues to use it in the same way as he did before. The recipient of your payment has no way of determining the country of its origin.

Where to store bitcoins outside of online casinos?

The safest option is in your own wallet, but then you have to download a huge blockchain database to your PC. In countries that have recognized bitcoin, you can even store a crypt in a bank. Alternatively, there are exchanges to which you trust your funds for a small percentage.

Know Your Limits and Play Safe

For many people, casino gaming is exciting and entertaining. Therefore, they make decisions carefully and consider how much money and time they want to spend on gambling.

Here’s how to control yourself:

  • Before you even start playing, set a loss limit and stick to it;
  • Play with low risk and always remember that everything is just a game
  • Never borrow money to play;
  • Set yourself a time limit;
  • Take regular breaks from playing;
  • Balance playing with other activities;
  • Do not play if you are under stress, depression, drugs, drunk or other problems;
  • Only play with money that you have left for your free time, but never with money that you can use to cover your fixed costs (rent, electricity, etc.).