What is Bitcoin and How Does It Work?
The history of Bitcoin is as clear as daylight to cryptocurrency enthusiasts. The cryptocurrency was first introduced in 2008 and represented a decentralized way of operating money without the micromanaging of any third-party institutions. Hence, it became widespread and used to make transactions in due time.
Its holders hold it in a cryptocurrency wallet where it is safe. From that wallet, transactions are made. For instance, to deposit money into a Bitcoin casino, the wallet owner uses the cryptocurrency wallet address to make that deposit.
|Number of Casinos
Setting Up a Bitcoin Casino Account
Creating a Bitcoin account for your Bitcoin casino Canada is easy. You just have to follow these steps:
How We Rate and Review Bitcoin Casinos
For most online casino players, the type of casino they gamble on matters greatly. Thus, at Gamblorium, when rating a Bitcoin casino site, we consider what’s best for casino players. These are the standards we use to rate Bitcoin casinos:
- Great Bonuses
- When rating Bitcoin casino sites, one of the major criteria we look for is the availability of bonuses. Hence, we keep an eye out for welcome bonuses, no-deposit bonuses, free spins, and whatnot. Wagering requirements are also considered to ensure we recommend the best Bitcoin sites.
- Easy Registration and deposit
- Depositing money from a Bitcoin address may prove complex for those who aren’t well-versed in crypto. However, the best casinos that accept Bitcoin simplify this process for the player. Deposits and withdrawals can be easily made through its interface and a simplistic set of instructions.
- A wide variety of casino games
- Nobody wants to play on a casino site with only a few games in its library. Hence, ensuring that recommended casino sites possess a wide variety of games is important.
- Compatibility with mobile devices
- Online casino players always opt for a site that has a mobile interface. This way, their favourite games can be played at home, on the go, and whatnot. This is incorporated into our rating criteria.
- Quick and efficient support service
- Our rating standards for Bitcoin casino Canada sites include an effective and efficient customer support system. We ensure that customers have a reliable authority to report in case of any issues.
- Low transaction fees
- It is much cheaper to transfer funds using the Bitcoin wallet. Players should pay only 1% of the total amount processed and it is much lower than in other banking options.
- Round the clock availability
- Being the most open financial system existing today Bitcoin allows making transactions to and from the casino 24/7. Moreover, it is the most portable currency that can be transferred through satellites or even radio waves.
Why Choose Gambling Sites that Accept Bitcoin
Many players who use online casinos prefer to go the conventional route of making payments. However, where a casino with Bitcoin payment thrives, the FIAT currency payment models may not. In this section, we’ll give you some reasons why you should choose gambling sites that accept Bitcoin as a payment system.
- Safety & Security with Bitcoin
By virtue of being the first cryptocurrency, Bitcoin has had ample security advancement over time. Hence, using it in Bitcoin casinos should be a first instinct if you decide to go the cryptocurrency funding route.
- Bitcoin Payout Times
Interestingly, there is no transaction delay in Bitcoin casinos. Bitcoin casino transactions – both deposits and withdrawals – take only a few minutes to occur and on rare occasions, hours.
- Bitcoin Deposit and Withdrawal Limits
Most Bitcoin casino Canada has generous deposit and withdrawal limits. For most, you can get a deposit minimum of 0.0001 BTC. Withdrawals, however, have a bandwidth of 10 BTC daily in most casinos. These limits seem better than the usual limit of FIAT currencies, making Bitcoin even better at facilitating casino gambling.
- Bitcoin Fees
Bitcoin gambling sites have considerate fees that are less costly than traditional casino payment methods. Many credit cards and banks charge a considerably high service fee for transactions. However, Bitcoin is cost-effective. This is a major reason why it is a better paying method on casino sites.
- Restricted Countries
There are some countries where Bitcoin cash casinos are prohibited from being used as a transaction method. This could be due to a ban, restriction, or even legality issues. Over 17 countries scattered in various demographics suffer this fate. Hence, ensure that Bitcoin transactions are allowed in your location.
Benefits & Drawbacks of Bitcoin Casino Sites
Everything possesses both pros and cons, and Bitcoin casinos are no different. As we’ve extensively reviewed at Gamblorium, there are many advantages, as well as disadvantages, of playing in Bitcoin casino Canada. They are:
|Bitcoin is volatile and may change in value frequently
|Privacy and security when making any transaction
|Transactions are rapid and take only a few minutes
|There is no accountability
|Low transaction fees
|Not available in all casinos
|Transactions are done anonymously
|Wide acceptance range;
|Decentralized transactions mean you’re in control of your money
|Public access to the history of transactions.
How to Make a Deposit in a Casino with Bitcoin (In 5 Steps)
Depositing Bitcoin into a casino is quite easy and straightforward. We’ve compiled the five steps you need to deposit into an online Bitcoin casino and start playing. These steps are:
- Ensure that the online casino accepts Bitcoin as a payment option.
- Set up your Bitcoin Wallet. Choose a reputable and safe wallet and deposit some money into it.
- Go to Cashier on the online casino Bitcoin site, and select Bitcoin as your preferred payment option. A payment address or QR code will pop up.
- Head to your Bitcoin wallet and pay at the address gotten from the casino site. Make sure to pay the amount chosen on the online casino.
- You can now start playing your favourite online casino games.
The next step is to enjoy gambling on your favourite website and win more coins!
How to Withdraw Money from Casino that Accepts Bitcoin
Withdrawing money into your Bitcoin account from an online Bitcoin casino is the reverse of a deposit, but is equally easy to conduct. These steps to do so are:
- Ascertain that the casino allows withdrawals into Bitcoin addresses.
- Hit the cashier icon again, but this time, select Withdrawal.
- Input the amount you wish to withdraw from your online casino Bitcoin balance
- Enter your Bitcoin wallet address where you’ll receive the funds
- In minutes, your Bitcoin should be sitting in your private wallet
The withdrawal procedure is more time-consuming in Bitcoin casino sites – instant withdrawal is possible but only if a player has met all the casino requirements and waited for a pending time to finish. A casino can refuse players from cashing out if they have not met all the wagering requirements applied to bonus offers or passed through the verification process to confirm their identity. Moreover, every casino requires time to prepare a transaction that can take from a couple of hours to several days, so players should be patient waiting for their winnings.
Popular Bitcoin Casinos Software Providers
|Play n’Go has a wide portfolio of games available on Bitcoin casinos Canada. Its 20+ years in gaming have enabled it to get involved in Crypto payments.
|With 200+ games and 20 years under its belt, NetEnt has established itself as an excellent gaming platform. It’s a Bitcoin casino and has a range of casino and slot games to bet on using Bitcoin.
|Red Tiger Gaming
|Known as a crypto liberal gaming provider, its 200+ games ensure that gamblers on Bitcoin casinos have a swell time playing games.
Canadian Bitcoin Casinos Games
- Blackjack. This game is contested between players and dealers, just like in a Bitcoin casino. The card game involves accruing a card value higher than the dealer’s when the game ends. However, the game is lost if the card value goes beyond a cumulative of 21.
- Baccarat. This game seeks a cumulative of 9 on the hands of cards dealt. However, when the number exceeds nine, the second number becomes the card’s value, i.e.; a card value of 15 becomes 5. At the game’s end, the person with the hands closest to nine wins. Baccarat is played in many Bitcoin casinos.
- Roulette is determined by a wheel spin and a ball. It is a table game and is based on pure chance. The player bets on the number or region where the ball will land after the spin, and if he’s correct, he wins the bet.
- Slots games are popular and are played on reels. It involves symbols. A combination of these symbols accrues wins for the Bitcoin casino Canada player.
- Craps are played with dice. A number (point) should be rolled twice by the shooter before a seven is gotten. There are different types of bets to make in Craps, which makes it perfect for gamblers to enjoy.
- Poker. Playing Poker is not as straightforward as other casino games. It involves different rounds of card dealing and a lot of psychological engagement.
Popular Bitcoin Casino Bonus Types
To get a Bitcoin casino bonus, you must play in a casino that accepts Bitcoin as a payment option. These bonuses will be highlighted below.
Bitcoin Casino Free Spins
Free Spins are offered in casinos that parade slot games. This means that you can play free rounds of slots without paying any money. On slot sites that accept Bitcoin as a payment system, free spins are granted to gamblers. This type of bonus doesn’t have outlandish wagering requirements like many other bonuses, which makes it exciting to slot players.
Cashback Bonuses are triggered when a game is lost. It basically entails getting a portion of your money back after losing it to the casino. Bitcoin casinos offer the chance to recover funds with a cashback bonus.
Casino No deposit Bonuses
No-deposit bonuses don’t require funding to be triggered. It requires a different action to be set off. No-deposit bonuses help the player get free plays or even bonus money to play more games. You can generally find these types of bonuses on Bitcoin casinos.
Also referred to as deposit bonuses; they are handed to the gambler as soon as he registers on the Bitcoin casino site – hence it’s called a welcome bonus. It comes in the form of free money with wagering requirements.
VIP Online Casinos with BTC
If you enjoy being treated like a celebrity and are ready to play actively and for large amounts, you should pave your way to Bitcoin VIP casinos. These casinos have exclusive offers for every player and take gambling to the next level, so this experience can hardly be compared with anything else. The selection of good VIP platforms is available here.
Bitcoin Mobile Casinos
The volume of reputable gaming networks and casinos that now accept Bitcoin as a viable payment method has ensured that mobile casinos now facilitate Bitcoin payments. Hence, many Bitcoin mobile casinos are available on iOs, Android, and even Microsoft software.
In a Bitcoin mobile casino, convenience is the keyword. These sites use responsive designs to make them available for a smaller-screen mobile experience. Desktop modes are also available for these games. On the go, at home, or anywhere, casino games can be enjoyed wholesomely on a mobile interface.
Apple is famous for its phones and tablets, that’s why many players prefer to access a casino from them. It is very comfortable if there is a Bitcoin iPad casino app and players need only to tap on the screen to access their favourite platform. However, not all platforms can afford to develop an app for the Bitcoin iPhone casino, so it is often accessed directly from a mobile browser.
Android mobile casinos are more popular due to a bigger number of users who have devices with this OS. Moreover, these casinos keep up with modern trends and introduce Bitcoin payments too. It is not a problem to find a Bitcoin Android casino and have fun playing real-money games on a mobile gadget.
Best Bitcoin Alternatives
Understandably, many gamblers would rather use a Bitcoin casino since it’s nearly hassle-free. However, given that many casinos still haven’t incorporated the system of payment into their casinos accessing it may not be easy for everybody. Thus, the need for alternatives to Bitcoin casinos. Some payment methods which serve as a tenable alternative to Bitcoin are:
These also have an easy method of conducting payments, with temperate fees, depending on the online casino.
Bitcoin Live Casino Sites
Bitcoin is a universal depositing method that opens players access to all types of casinos and live dealer platforms, in particular. If you have once played in a live casino online, you know that this experience can be hardly compared with anything else. It is enough to make a BTC deposit so that a player can get access to the best Bitcoin live casinos online. These casinos are spread all around the globe and no matter where the actual location of this studio is, a player can access it any time and enjoy games played against real opponents and managed by live dealers. One more great benefit of these platforms is a variety of live casino games for Bitcoin. The selection includes top table and dice games from the best software game development companies.
- Live Roulette. Don’t you trust computers? Try a Bitcoin live roulette game where the wheel is spun by a live dealer and you can follow every movement of the ball and compete with real people in your bets. You can play American, French, European and many other types of roulette games broadcast from special studios.
- Live Blackjack. This game with centuries of history attracts players from different corners of the world. It is one of few casino games where the knowledge of strategies and mathematician skills can help you boost winnings and receive more Bitcoins to your casino balance.
- Live Baccarat. Do you prefer different types of baccarat games? You will be surprised to see how many examples of this exciting card game are offered by live casinos. Choose cryptocurrency for betting and enjoy your live baccarat with Bitcoin using your skills and luck to increase the odds.
With many benefits to show for it, playing in a live Bitcoin casino is quite an enjoyable experience. It comes with much more benefits than disadvantages. Firstly, it offers privacy and security for transactions and funds. Blockchain networks, and specifically, Bitcoin’s interface, ensures safety for the players.
Also, the speed of transactions means that players can enjoy casino games in the continuum. Transactions are generally completed in minutes which is attractive to gamblers.
Considering other methods of payment, and their fees, it is fair to say that Bitcoin fees are temperate. With these benefits, we can assume that Bitcoin payments will soon establish their place as a major funding means in online casinos.
Is my personal data safe when playing at a Bitcoin casino?
Yes! You have nothing to worry about. Personal data is concealed from third parties, and only the owner can see transactions.
How long does it take for Bitcoin withdrawals to be processed by online casinos?
Online casino Bitcoin transactions are generally completed within minutes. However, in rare cases, it could take up to an hour.
Can I use Bitcoin to deposit and withdraw funds at all online casinos?
As much as that would be exceptional, it is not so. Bitcoin transactions are available in many casinos. However, the service is not available in every online casino.
What are alternatives to Bitcoin for depositing at online casinos?
Card payments like Visa, MasterCard, or Paysafecard serve as good alternatives. Also, e-wallets; Paypal, Neteller, etc., are well equipped to conduct online casino payments.
Is Bitcoin a legit and safe payment option for online casinos?
Yes! Bitcoin is well-established as a legit way of making casino payments.
Can I still claim casino bonuses and promotions when using Bitcoin as a payment option?
In many Bitcoin casinos, welcome bonuses, no-deposit bonuses, and cashback bonuses are available for play. So, yes, you can still access bonuses on Bitcoin casinos.