From being the first-ever cryptocurrency to becoming the most popular cryptocurrency in the world, Bitcoin has truly revolutionized the online gaming space and how we transact. Bitcoin has played an irrefutable role in the development of decentralized gambling platforms, allowing players to play their favorite games anonymously.
There are several Bitcoin casinos in the online gambling industry. However, finding the perfect Bitcoin casino is a daunting task. It’s not practical to try out thousands of crypto casinos before finalizing the perfect one. It would take months, if not years, if you go around creating accounts at all the crypto casinos.
Our team of experts has analyzed hundreds of online casinos and has come up with the top 5 Bitcoin casino sites that offer an unparalleled gambling experience. This guide introduces you to the best Bitcoin gambling sites offering thousands of games and generous promotions.
Also, if you are a beginner, this guide will help you understand how things work in the online gambling industry and help you choose from the best Bitcoin gambling sites of 2024. So, fasten your seat belts as we ride into the cryptic world of Bitcoin casinos.
Top 5 Bitcoin Casinos To Play At
- BitStarz: Overall Best Bitcoin Gambling Site In 2024.
- 7Bit Casino: Best Bitcoin Casino With The Biggest Welcome Bonus.
- Ignition Casino: Leading Bitcoin Casino For Poker Enthusiasts.
- mBit Casino: Reliable Bitcoin Gambling Site With Attractive Crypto Games.
- BC.Game: Decentralized Bitcoin Casino That Supports Sports Betting.
Best Bitcoin Gambling Sites of 2024
After painstakingly analyzing numerous online casinos, our team of experts has selected the top 5 Bitcoin casino sites that offer thousands of games, generous bonuses, and many more.
BitStarz
- License: Government of Curacao
- Launched Year: 2014
- Owned By: Dama N.V.
- Welcome Offer: Up to 5 BTC + 180 Free Spins.
- Total Games: 4,500+
- Accepted Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Cardano (ADA), Binance Coin (BNB), Tron (TRX), and Tether (USDT).
- Average RTP: 99.87%
- Our Rating: 9.9/10
BitStarz is a leading Bitcoin casino site that offers a staggering collection of 4,500+ games and a generous welcome bonus. Launched in 2014, BitStarz is one of the best Bitcoin gambling sites in 2024. It is owned and operated by Dama N.V. and licensed under the government of Curacao.
The game lobby of the crypto casino is filled with a wide selection of games like slots, table games, instant wins, and live dealer games. There are 3,600+ games at BitStarz, all sourced from several leading game providers. To help new players get a good head start, the casino also offers a welcome bonus of up to 5 BTC.
BitStarz also has a lucrative loyalty program that offers exclusive rewards. Make deposits to claim the bonuses and play casino games using popular cryptocurrencies or fiat money. The Bitcoin casino also offers high-end security like the latest SSL encryption and firewall systems to provide a safe gambling environment.
Advantages of BitStarz
- Welcome bonus of up to 5 BTC.
- Extensive collection of casino games.
- Attractive casino bonuses and promotions.
- No processing fee for crypto transactions.
- Round-the-clock customer support.
Disadvantages of BitStarz
- No sports betting option.
- No telephone support.
7Bit Casino
- License: Government of Curacao.
- Launched Year: 2014
- Owned By: Dama N.V.
- Welcome Offer: 325% up to 5.25 BTC + 250 Free Spins.
- Popular Games: Slots, Table Games, Jackpots, Instant Wins, and Live Dealer Games.
- Accepted Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Binance (BNB), Dogecoin (DOGE), and Bitcoin Cash (BCH).
- Average RTP: 96.41%
- Our Rating: 9.9/10
7Bit Casino is renowned for generous welcome bonuses and promotions. There is also an attractive collection of 7,000+ casino games in the Bitcoin casino’s game lobby. Owned by the reputable casino group Dama N.V., 7Bit Casino is licensed and regulated by the government of Curacao.
7Bit Casino has the highest number of casino games in our list of the best Bitcoin gambling sites. These games are provided by several leading game providers from across the globe. The games have stunning graphics and immersive sound effects along with a high RTP, ensuring returns.
The banking options at 7Bit Casino include cryptocurrencies, e-wallets, debit cards, credit cards, and bank transfers. The deposit limits at the Bitcoin casino make the betting platform accessible to more players. 7Bit Casino also has the latest security measures in its arsenal, to protect sensitive data from any breaches.
Advantages of 7Bit Casino
- Huge collection of casino slots.
- Enticing casino promotions.
- Lucrative loyalty program.
- Accepts a wide range of cryptocurrencies.
- 24/7 customer support.
Disadvantages of 7Bit Casino
- Lack of variety in poker.
- Processing fee for some banking methods.
Ignition Casino
- License: Government of Curacao
- Launched Year: 2016
- Owned By: Lynton Limited
- Welcome Offer: $3,000 Welcome Bonus.
- Popular Games: Slots, Table Games, Video Poker,
- Accepted Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Lightning Bitcoin (LBTC), Bitcoin SV (BSV), and Tether (USDT).
- Average RTP: 96.16%
- Our Rating: 9.8/10
Started in 2016, Ignition Casino is owned and operated by Lynton Limited. This Bitcoin casino offers an exclusive collection of poker games that can be accessed by downloading the casino’s poker software. Ignition Casino also offers a virtual sports betting option for sports enthusiasts.
There are a wide variety of poker games in Ignition Casino. Apart from poker, slots, table games, specialty games, and live dealer games are also available at the Bitcoin casino site. Other gambling services offered by Ignition Casino also include virtual sports betting.
Bitcoin and other cryptocurrencies are accepted at Ignition Casino, allowing players to gamble anonymously. Widely used fiat money transfer methods are also available at Ignition Casino with wide deposit and withdrawal ranges. Advanced SSL encryption and modern firewall systems safeguard the casino from any incursions.
Advantages of Ignition Casino
- Extensive collection of casino games.
- Attractive casino bonuses and promotions.
- Supports sports and virtual sports betting.
- Downloadable poker software.
- Accepts a wide range of cryptocurrencies.
- Fast and reliable customer support.
Disadvantages of Ignition Casino
- Anonymous gambling is not allowed.
- Not available in a few countries.
mBit Casino
- License: Government of Curacao.
- Launched Year: 2014
- Owned By: Dama N.V.
- Welcome Offer: Up to 4 BTC.
- Popular Games: Slots, Table Games, Blackjack, Baccarat, Roulette, Jackpot Games, Video Poker, Dice Games, and Live Dealer Games.
- Accepted Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin(LTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Tether (USDT), Ripple (XRP), and Tron (TRX).
- Average RTP: 96.4%
- Our Rating: 9.7/10
mBit Casino is a true-blue crypto casino that only accepts crypto transactions. This Bitcoin casino site opened its doors to gamblers from across the globe in 2014. Owned by Dama N.V., mBit Casino is regulated by the government of Curacao. Apart from Bitcoin, mBit Casino also accepts a wide range of cryptocurrencies.
Crypto games at mBit Casino include slots, jackpot games, table games, video poker, instant wins, and live dealer games. There are a total of 2,000+ casino games from 50+ game providers, offering a wide selection of betting options for crypto casino players.
The Bitcoin gambling site accepts BTC and other cryptocurrencies for transactions. Unfortunately, the casino does not accept any fiat transactions or betting. This makes the casino decentralized and more safe as cryptocurrencies are immutable and transparent.
Advantages of mBit Casino
- Huge collection of casino games from leading providers.
- Appetizing casino bonuses and rewards.
- 0% processing fee for payments.
- A wide selection of casino games.
- Friendly customer service.
Disadvantages of mBit Casino
- There is no sports betting option.
- Restrictions in some regions.
BC.Game
- License: Government of Curacao.
- Launched Year: 2017
- Owned By: BlockDance B.V.
- Welcome Offer: 360% Bonus for the first three deposits.
- Popular Games: Slots, Table Games, Game Shows, Bingo, Instant Wins, Online Lottery, and Live Dealer Games.
- Accepted Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Binance (BNB), Dogecoin (DOGE, Tether (USDT), USD Coin (USDC), Solana (SOL), Polygon (MATIC), Tron (TRX), and Cardano (ADA).
- Average RTP: 95.42%
- Our Rating: 9.7/10
If you are a crypto enthusiast who loves casino gambling, BC.Game is the ideal gambling platform for you. BC.Game is a jack of all trades as it is an online casino, sportsbook, online lottery site, and crypto trading platform, all wrapped into one. Launched in 2017, BC.Game is the brainchild of BlockDance B.V., which is registered under the government of Curacao.
Slots, table games, video poker, game shows, instant wins, and live dealer games are the wide selection of casino games at BC.Game. Online lotteries are also available at BC.Game for players to check their instant luck. Crypto enthusiasts can also trade on crypto assets and crypto futures on the gambling platform.
The welcome bonuses offered by BC.Game is spread across the first four deposits. BC.Game is a Bitcoin casino site that accepts cryptocurrencies and fiat money for transactions and betting. The transactions and data at BC.Game is secured using state-of-the-art security systems, preventing any intrusions.
Advantages of BC.Game
- A staggering collection of 7,500+ casino games.
- Sports betting options.
- Crypto trading platform.
- Android and iOS casino apps.
- Lucrative loyalty program.
- 24/7 customer support.
Disadvantages of BC Game
- There are very few normal casino bonuses.
- Limited fiat payment options.
How To Select The Best Bitcoin Casino Site?
Selecting the best Bitcoin can be quite a daunting task. However, selecting the best Bitcoin casino can be easy by looking out for certain things at the online casinos you are considering. Here are a few of the things that you should consider:
Fast & Secure Bitcoin Deposits
Make sure that the online casino site accepts a wide range of cryptocurrencies. This allows a wide range of options for crypto players to make deposits and withdrawals. Cryptocurrencies are the most secure form of payment method at an online casino. Also, bear in mind to select crypto casinos that do not require ID verification, if you like to gamble anonymously.
Generous Crypto Bonuses
All online casinos offer huge bonuses and promotions to attract players. Crypto casinos offer bigger bonuses when compared to normal online casinos. Selecting a Bitcoin casino that offers generous welcome bonuses and other promotions drastically increases your chances of a huge win. However, make sure to select Bitcoin casinos with huge bonuses, but with realistic and achievable wagering requirements.
Deposit & Withdrawal Limits
Online casinos should be accessible to all types of players. So, it is important to select an online casino with a good range of deposits and withdrawals. Having lower deposit limits makes the online casino accessible to conservative players. Similarly, having a higher maximum withdrawal limit makes the Bitcoin casino an ideal gambling site for high rollers.
Alternative Banking Options
Crypto transactions are much more convenient than fiat transactions. It does not require any ID verification or prompt the players to undergo the KYC procedure. Additionally, the crypto transactions occur at blazing-fast speeds, allowing you to receive funds instantly. However, it is better to select an online casino site that also accepts a wide range of popular cryptocurrencies and fiat banking methods.
Excellent Collection Of Casino Games
Online casinos are meant for entertainment. The monetary benefits acquired from online casinos should always be regarded as a bonus. Therefore, it is important to select a Bitcoin casino that has an excellent selection of games from leading software providers. The online casino that you choose should have a dynamic selection of slots, table games, poker, specialty games, and live dealer games.
Benefits Of Using Bitcoin Casinos
Online casinos were the first to embrace blockchain technology and cryptocurrencies. Today, casino players prefer Bitcoin gambling sites over traditional online casinos due to several reasons. Here are a few benefits that the Bitcoin casinos have:
Anonymous Gambling
Most normal online casinos require players to enter their details and undergo KYC procedures to play their casino games. Most jurisdictions have strict laws regarding online gambling. These laws are used to prevent money laundering and identity theft, which are two of the most rampant issues online.
Bitcoin casinos do not require any KYC procedure or ID verifications to play casino games, essentially allowing casino players to gamble anonymously. Since cryptocurrencies are unregulated in most parts of the world, you can make deposits and withdrawals in crypto casinos without it being shown in your banking statement.
Instant Withdrawals
Cryptocurrencies are lightning-fast, allowing players to move their money in and out of online casinos instantly. Crypto transactions are wallet-based and therefore players can conveniently and easily transfer funds to the casino from their crypto wallets.
Another added advantage is that crypto transactions carry smaller transaction fees compared to fiat. The best Bitcoin casinos mentioned in this article support crypto deposits and withdrawals. BitStarz, 7Bit Casino, and mBit Casinos offer fast payouts for crypto players.
Lower Processing Fees
Online casinos charge a reasonable amount of fee to cover the transaction costs while making deposits and withdrawals. However, Bitcoin casinos have lower processing fees compared to normal online casinos. Since crypto transactions occur over the blockchain, which is an interconnected system of computers, the transaction costs are relatively lower.
Therefore, cryptocurrencies are an ideal method for high rollers to quickly transfer huge amounts of money for gambling. The gas fees of most of the cryptocurrencies are very low, allowing most crypto casinos to essentially allow players to make transactions freely. You don’t miss a huge chunk of your winnings while withdrawing while using cryptocurrencies.
Types Of Crypto Gambling
Bitcoin casinos are becoming more and more popular with each passing day. The reason for this tremendous increase in engagement is due to the wide range of gambling services the crypto casinos can provide when compared with normal casino sites.
Here are a few of the various types of crypto gambling available at the best bitcoin gambling sites:
Crypto Slots
Slots are the most popular casino games played across the world. There are dedicated slot machine halls at brick-and-mortar casinos. This attracts a wide range of gamblers to the casino and is generally regarded as the bread and butter of land-based casinos.
With the recent advancements in technology, online casinos and crypto casinos were able to emulate the game mechanics of slot machines. Classic slots, 3-reel slots, 5-reel slots, video slots, jackpot slots, progressive slots, and interactive slots are the various types of slot games available at the best Bitcoin casinos.
Table Games
If you hear the word ‘casino’ the picture of a roulette or blackjack table comes into everyone’s mind. Table games are the most popular casino games played around the world. Blackjack, baccarat, roulette, craps, Sico Bo, Dragon Tiger, etc are a few of the popular table games available at the best Bitcoin gambling sites.
There are classic, modern, and regional varieties of table games available at online casino sites. Similarly, there are infinite variations of poker, which is one of the oldest casino games in the world.
The Bitcoin table games allow players to place wagers in cryptocurrencies, ensuring fast gameplay and instant cashout of the innings.
Specialty Games
Keno, Bingo, Slingo, dice games, crash games, shooting games, fishing games, and scratch cards are included in the wide selection of specialty games. It is also called ‘instant win’ games as these games have very small gameplay and offer huge amounts of money as prizes.
Online Lottery Games
The best Bitcoin gambling sites offer a huge variety of online lottery games for players who like to test their luck. Players can purchase tickets using cryptocurrencies and the crypto casino uses the latest technology to draw random numbers to determine the winners.
Live Dealer Games
Players have to compete against computers in online casino games. However, if you need a more immersive experience, the live dealer games allow players to play against real casino dealers and interact with them through live chat.
The videos of the dealers are live-streamed to the players, providing them with a casino-like gambling experience. Live Bitcoin Blackjack, Live Bitcoin Baccarat, and Live Bitcoin Roulette are the most popular live dealer games played across the world.
Bonuses & Promotions At Bitcoin Casinos
Online casinos offer huge bonuses to attract new players and retain the existing ones. Bitcoin casinos offer bigger bonuses than normal online casinos. Given below are the most common types of bonuses and promotions offered at Bitcoin casinos:
Welcome Bonus
Welcome bonuses are offered to new players who register for a new account at an online casino site. This type of bonus is also called sign-up bonus, first deposit bonus, or new player bonus. Welcome bonuses usually include a match deposit bonus coupled with a certain number of free spins.
Some online casinos offer welcome bonuses that are spread across numerous initial deposits and require certain initial deposits to claim the bonuses. They also have specific wagering requirements and payout limitations. The welcome bonus gives new players an initial boost to their gambling journey.
Deposit Match Bonus
Deposit match bonuses are the most common Bitcoin casino bonuses offered to new and existing players. Deposit bonuses are also called reload bonuses or loyalty bonuses. In a deposit bonus, the online casino matches your deposit with a certain percentage and instantly transfers the amount to your bonus account.
If you deposit $100 and the casino offers a 100% deposit bonus, the total amount that you can play your favorite games becomes $200. The casino essentially doubles your deposit if the bonus percentage is 100%. However, deposit bonuses also carry certain wagering requirements that need to be fulfilled to make payouts.
No-Deposit Bonus
No-deposit bonuses are the rarest casino bonuses available online as these are essentially free cash. It means you can play casino games without risking real money.
As these are lucrative and the most unique form of casino bonuses, the casino often restricts these offers to a few games. No-deposit bonuses also carry higher wagering requirements than other casino bonuses.
Free Spins
If you are a slots enthusiast, free spins are the bonuses that you should look out for. Free spins can be offered as deposit bonuses or no-deposit bonuses. However, free spins can only be redeemed on slot games and jackpots.
Free spins allow you to play slot games without risking real money. It is the most common casino bonus available online. These offers also carry certain wagering requirements and maximum bonus amount limits attached to them.
Cashback
Online casino games are based on sheer luck and you might have a good streak for a while. However, losses are inevitable while gambling at online casinos. Cashback bonuses help gamblers recuperate a certain percentage of their losses and encourage them to play forward.
Some of the best Bitcoin gambling sites offer cashback of up to 20%. Cashback has the lowest wagering requirements and fewer restrictions compared to other casino bonuses. However, you need to suffer a certain amount of losses to get eligible for cashback. Daily, weekly, and monthly cashbacks are offered by online casinos.
Loyalty Program
Loyalty programs, also known as VIP programs are exclusive clubs in online casinos that are accessible only to high-spenders or the most consistent casino gamblers. Loyalty programs offer higher bonus rates, additional benefits, and several other perks.
The best Bitcoin gambling sites mentioned in our article offer some of the top loyalty programs in the online gambling industry. For example, BitStarz has the VIP Starz Club that offers better bonuses, a dedicated VIP manager, unrestricted fast cashouts, and early access to the latest games.
Are Crypto Casinos & Bitcoin Casinos The Same?
Cryptocurrencies are digital currencies created on the blockchain. It is secured by advanced cryptography, making it immutable and cannot be counterfeited. Cryptocurrencies are unregulated by government agencies, making them immune to recession and other manipulation.
With federal agencies and other companies peeping into your online spending and activities, cryptocurrencies are the best way for online gamblers to play their favorite casino games anonymously. However, most online gamblers have certain doubts regarding crypto casinos and Bitcoin casinos.
Crypto casinos and Bitcoin casinos are essentially the same. These are online casinos that offer exciting casino games and generous casino bonuses. In most cases, the terms ‘Bitcoin’ and ‘Crypto’ are used interchangeably in the crypto market as Bitcoin is the first cryptocurrency to be created.
Bitcoin casinos and crypto casinos accept Bitcoin and various other cryptocurrencies for deposits, wagering, and making withdrawals. However, certain Bitcoin gambling sites only prefer making transactions using Bitcoin. All crypto casinos are Bitcoin casinos, however, all Bitcoin casinos might not be crypto casinos.
So, you must make sure what type of casino the online casino is before creating an account on it. Either way, both crypto and bitcoin casinos offer players the option to gamble anonymously as it does not prompt the players to undergo any KYC procedure or verification of IDs.
Is Gambling With Cryptocurrency Legal?
Cryptocurrencies are unregulated digital currencies whose value is not pegged to anything tangible. Meaning that recession or other government policies do not affect the value of cryptocurrencies. Having said that, the legality of cryptocurrencies depends on the jurisdiction and its laws.
Only a few countries and jurisdictions have strict laws and regulations on cryptocurrencies. The degree of restrictions also varies according to the jurisdiction. Most countries do not have any laws to regulate the use of cryptocurrencies, making it an ideal form for making transactions at online casinos.
Having said that, the United States, United Kingdom, Canada, and Australia have some of the most strict laws on using cryptocurrencies for online gambling. This is to prevent money laundering and other illicit activities. Online casinos also have to operate at certain standards to offer crypto payment options to gamblers.
Generally, it is legal to gamble with cryptocurrencies in licensed and regulated online casinos and gambling sites. Gambling license providers and other government agencies regulate these licensed online casinos, ensuring fairness and safety. So, it is of utmost importance that you select a licensed online casino site for gambling.
Normal online casinos require players to undergo KYC procedures and ID verification. Players are also prompted to enter their banking details for making transactions. Bitcoin casinos do not require any verification or KYC procedure for making transactions. This allows players to gamble anonymously at Bitcoin casino sites.
Responsible Crypto Gambling: Tips For Safe Play
Whether you are playing online or at land-based casinos, it is important to gamble responsibly. It essentially means to “set some rules and stick to them” to enjoy the betting experience to the fullest. The best Bitcoin gambling sites in our guide offer top-tier gambling services and games.
Every seasoned and successful gambler abides by certain rules set by them. Playing by these rules helps you to make huge profits from the online casino. So, here are a few ways by which you can responsibly gamble at crypto casinos:
Keep Tab On Spendings
Bitcoin gambling sites have straightforward payment methods that make the platform accessible to a wide range of gamblers. Players could easily overspend at an online casino while trying to chase the losses.
So, you must set certain deposit limits and betting limits to prevent over-gambling. Stop gambling once you have reached your daily or weekly gambling limits to prevent going into severe financial consequences.
Take Regular Breaks
Even though gambling is meant for entertainment and thrills, it can be quite taxing on the players’ minds. Therefore, it is of utmost necessity to take regular breaks during gambling. It can help you to relax for a bit, think about a new strategy if you are continuously losing, and implement it in the next game. It is important to gamble with a clear mind to prevent making haste decisions and end up in losses.
Set Time Limits
Before creating an account at a Bitcoin casino, set a specific time for playing casino games. Never exceed this time limit even if you are on a winning streak.
As casino games are entirely based on sheer luck, the winning streak can end at any time. So, therefore, it is necessary to understand that casino games are for entertainment purposes only.
Avoid Gambling Under Influence
While most online casino games are based on luck, your choices and decisions do play an important role in determining the results. Therefore, you need to be in your right mind before making any decisions as it can lead to huge profits or losses. If you gamble under the influence of any substances, you could make haste decisions, leading to bigger losses. Also, never gamble when you are inebriated.
Self Exclusion
If you feel like you don’t have adequate time to spend with your family due to gambling or are borrowing money to fund your gambling, the best method to pull yourself out of it is to self-exclude from gambling. The best Bitcoin gambling sites have self-exclusion options to ban yourself from gambling for weeks, months, or even permanently.
Gambling With Cryptocurrencies Vs Fiat Money
You know cryptocurrencies are unregulated when compared with fiat money. Does the difference end there? Why are casino-goers currently flocking to crypto casinos? Bitcoin casinos
There are several other fundamental differences between these two types of casinos, which makes Bitcoin casinos unique. Given below are some of the stark differences between gambling with cryptocurrencies and fiat money:
Safety & Security
Fiat money casinos make use of security measures such as advanced SSL encryption, modern firewall systems, etc. Most fiat casinos use either 128-bit SSL or 256-bit SSL encryption, providing paramount security to the players’ data and transactions. There is also the additional security offered by various payment processors for fiat currency.
The security of Bitcoin casinos is based on the blockchain technology. Bitcoin and crypto casinos make use of cryptocurrencies for transactions, which are immutable and transparent. Therefore, crypto casinos are fairer than normal casinos. The cryptocurrencies cannot be manipulated and since it operates on blockchain, the security is higher than fiat money casinos.
Anonymity & Privacy
Players can easily create accounts at normal online casinos and crypto casinos. However, players have to complete the KYC (Know Your Customer) procedures and ID verifications to make fiat transactions at normal casinos. Players will also have to enter their details like name, address, etc, making their gambling activities traceable at fiat casinos.
Bitcoin casinos do not require the players to enter their details, or banking data, undergo KYC procedures, or verify their IDs. For making transactions, players only have to link their crypto wallets. Therefore, players can anonymously gamble at Bitcoin casinos, without revealing their identity and safely away from other peeping eyes.
Transaction Speeds
One of the highlights of cryptocurrencies is its breakneck transaction speeds. Players can effectively withdraw their winnings from their gambling account to their crypto wallet within ten or fifteen minutes. The crypto transactions speeds depend on the cryptocurrency and the blockchain network used. These blazing-fast transaction speeds allow players to not
Money can be moved in and out of fiat casinos using credit cards, debit cards, e-wallets, or bank transfers. Normal fiat casinos take between 3-5 business days to process your withdrawal request and deposit the winnings to your bank account. It is much slower and less secure when compared to Bitcoin or other cryptocurrencies. The verification processes at fiat money casinos slow down the payout procedures even further.
Transaction Fees
Fiat transactions usually come with a higher fee compared to cryptocurrencies. Normal online casinos might charge a certain fee to cover the transaction costs. Credit cards, debit cards, e-wallets, and bank transfers have certain fees for making deposits and transactions. It can either be a flat fee or a certain percentage of the deposit or withdrawal amounts.
Cryptocurrencies have very small transaction fees compared to fiat transactions. Crypto transactions are wallet-to-wallet and occur on the blockchain. Therefore, there are no intermediaries required for crypto deposits or payouts. Due to this reason, the crypto transactions are much safer and faster. It is also much more efficient than fiat transactions.
Bonuses & Promotions
Every online casino offers generous bonuses and promotions to reel in new players and retain the existing ones. But, crypto casinos offer bigger and better bonuses when compared to fiat money casinos. For example, BitStarz offers a stunning welcome bonus of up to 5 BTC and 180 free spins. The best Bitcoin gambling sites in this guide all offer generous bonuses, promotions, and lucrative loyalty programs.
The wagering requirements and the maximum payout amounts about each bonus will also be lower for crypto casinos compared to fiat money casinos. This is because crypto casinos have lower operating costs, allowing the gambling site to give back to the users in the form of bonuses and cashback. Apart from the welcome bonuses, crypto casinos also offer remunerative deposit bonuses, free spins, no-deposit bonuses, cashback, reload bonuses, side bets, and loyalty programs.
Is Online Gambling With Cryptocurrencies Safe?
With the boom of cryptocurrencies, more and more Bitcoin casinos are popping up everywhere. As it is the latest piece of technology, many jurisdictions have yet to come up with proper regulations regarding cryptocurrencies. So, is gambling with cryptocurrencies regarded as safe? Let’s find out:
Trustworthiness
Several crypto casinos are operating in the online gambling space without proper licensing. Therefore, it is important to gamble at a licensed and regulated online casino site. It is completely safe to gamble at a licensed online casino site as the gambling activities will be regularly monitored by the license providers.
Crypto casinos keep the operation costs low, allowing casino platforms to be accessible to more players. Therefore, it is completely safe to gamble online with cryptocurrencies at licensed betting providers.
Security
You might have heard that cryptocurrencies are the safest virtual currencies currently in circulation. This is because cryptocurrencies are created on the blockchain technology. While blockchain technology boasts to be impenetrable and immutable, there are instances where blockchains have been breached and millions have been stolen.
To prevent this, crypto casinos make use of advanced cryptography, encryption protocols, and firewall systems. This significantly reduces potential attacks and breaches, protecting the player’s funds and other information. It is also necessary to select reputable crypto wallets to store your crypto assets and to make transactions.
Regulation
Cryptocurrencies are unregulated. There are no government agencies that oversee the pricing fluctuations or manipulations of cryptocurrencies. Most jurisdictions do not have any legal framework to govern crypto transactions. Therefore, cryptocurrencies operate in a gray area.
This decentralized nature of cryptocurrencies is a boon for online casino players. Since crypto transactions cannot be tracked, it does not show up in your bank statement. This allows players to play their favorite games anonymously. However, as cryptocurrencies are getting more popular, more and more countries are trying to set up stringent laws regarding crypto assets and transactions.
Volatility
Cryptocurrencies are highly volatile. This is because the value of such virtual currencies is not pegged to anything tangible. Therefore, the prices of cryptocurrencies can fluctuate uncontrollably. While this is all true, it is one of the most valuable assets in the market.
The issue with cryptocurrencies is that their prices can change drastically within a few minutes. You might have deposited a certain amount of crypto to play casino games. By the time you withdraw the winnings, the value of the payout might not be what you thought it would be.
Anonymity
As mentioned previously, cryptocurrencies are decentralized and unregulated. It means that cryptocurrencies are immutable and untraceable. Players can use this attribute to gamble anonymously on Bitcoin casinos. At normal fiat casinos, players need to furnish their details or undergo KYC procedures.
As players can anonymously play their favorite casino games, they can confidently indulge in gambling without getting judged. It also significantly reduces the risk of scams and attacks, as players don’t need to enter sensitive personal and banking information online.
Taxes On Winnings At Crypto Casinos
The chances of making a huge win are drastically higher at crypto casinos compared to normal online casinos. Crypto and Bitcoin casinos offer generous casino bonuses and promotions that allow players to play games without risking their money. Players can make use of these bonuses to confidently try out new games.
No matter where you live, if you have won a huge amount from online casinos, you are liable to pay taxes for it. However, things are different for crypto gambling winnings. The rules regarding crypto transactions are different in various jurisdictions. There are no clear regulations regarding taxation for cryptocurrencies.
Most jurisdictions do not impose any taxes on making crypto bets. It is similar to spending your funds on goods or services. However, since you might lose and not get anything in return, it is uncertain if the Capital Gains Tax applies to this scenario. Taxes regarding crypto betting are in a gray area.
There are usually no taxes for making crypto withdrawals directly to your crypto wallet. However, crypto casinos can levy a certain fee to cover the transaction costs and gas fees, it does not go to any government agencies.
If you convert your crypto winnings to fiat money, the usual conversion fee and taxes do apply to those transactions.
The taxation on crypto winnings generally depends on where you are staying. Here are a few examples of crypto taxations:
- US: Crypto gambling winnings are taxed.
- UK: Crypto gambling winnings are tax free.
- Canada: Crypto gambling winnings are tax free.
- Australia: Crypto gambling winnings are tax free.
- Germany: Crypto gambling winnings are taxed from 0% to 45%.
Comparing The Best Bitcoin Casino Sites
Here are the best Bitcoin casino sites and their features compared, to help you make a decision:
Casinos | Regulated By | Number of Games | Average RTP | Welcome Bonus | Accepts Cryptocurrencies | Live Dealer Games |
---|---|---|---|---|---|---|
BitStarz | Government of Curacao | 3,600+ | 99.87% | 5 BTC + 180 Free Spins | ✅ | ✅ |
7Bit Casino | Government of Curacao | 7,000+ | 96.41% | 5.25 BTC + 250 Free Spins | ✅ | ✅ |
Ignition Casino | Government of Curacao | 250+ | 96.16% | $3,000 | ✅ | ✅ |
mBit Casino | Government of Curacao | 2,000+ | 96.40% | 4 BTC | ✅ | ✅ |
BC Game | Government of Curacao | 9,000+ | 95.42% | 360% | ✅ | ✅ |
Best Bitcoin Gambling Sites of 2024: Final Verdict
Bitcoin casinos are currently the rage among gamblers. Anonymity, high-end security, and decentralization allow them to confidently play at the best Bitcoin gambling sites. The myriad of payment options also makes crypto casinos accessible to a wider range of players.
However, the best Bitcoin casinos should offer a peerless gambling experience. According to our expert analysis, BitStarz is the best Bitcoin casino currently operating online. The generous welcome bonus gives players a good head start to play from a dynamic collection of 3,600+ games.
7Bit Casino is a close contender to BitStarz and offers equally intriguing casino bonuses and game selections. Since you have decided by now, we wish you all the best in your long and fruitful gambling journey ahead.
FAQs
Actually, only some online casino sites accept Bitcoin. Only Bitcoin and crypto casinos accept Bitcoin for betting and making transactions.
Yes, it is safe and secure to gamble at online Bitcoin casinos. These casino sites use the latest encryption protocols and safety measures to safeguard the data and transactions.
No, you don’t need to submit documents, verify your IDs, or undergo KYC (Know Your Customer) procedures to play games at Bitcoin casinos. This means players can play anonymously without revealing their identity.
The deposit limits at Bitcoin casinos vary according to the platform. However, the usual minimum deposit limits are set at $10 per transaction.
Yes, it’s legal to buy, sell, and exchange cryptocurrencies in the US. This means players can use cryptocurrencies to gamble at Bitcoin casinos safely and without any legal complications.