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However, the chances are that things will change in the near future. This is mainly because Bitcoin gambling sites are far superior to their fiat currency-based counterparts.
While online casinos and betting sites are positive additions to the gambling industry, they are not without problems. During the last ten or so years, the online gambling community has seen various scandals and controversies with regular casinos, from rigged games and questionable practices to outright thefts.
However, BTC gambling sites are looking to alleviate these problems entirely. So, what makes them special? What are the most significant advantages of Bitcoin gambling platforms?
Well, Bitcoin online gambling has three core characteristics that will resolve current problems with online casinos — provably fair gaming, lighting-fast payments, and anonymous gambling.
Every blockchain-based BTC gambling platform operates on the provably fair system. This system allows users to validate every spin, roll, draw, and transaction on the website.
Regardless if you are playing Bitcoin slots, poker or dice, you will be able to check if someone tampered with the outcome.
So, even if a casino is messing with the games, players can easily find out and avoid it. Provable fairness is exclusive to Bitcoin operators, but Ethereum casino sites use a similar system called smart contracts.
Right now, regular online casinos hide this data, rising the question are tweaking the odds or not. Another unique characteristic of Bitcoin and other cryptocurrencies are their almost instantaneous transactions.
Bitcoin is an entirely decentralized currency, meaning there is no governing body over it. Additionally, unlike fiat currencies, anyone can print or in this case mine Bitcoins.
Printing your own US dollars is unimaginable, but Bitcoin allows you to do just that. All you need is a mining rig powerful PC , and you can start earning Bitcoins.
So, how does all this benefit Bitcoin gambling? Well, because Bitcoin is decentralized and all transactions are carried over its blockchain, there is no need for third-party systems and servers.
This speeds up the process substantially, resulting in almost instantaneous transactions. For example, when you are transferring money from your casino account to your card, you have to wait for the casino to send the funds, then the bank needs to authorize the transaction which can last for a couple of days , and only after that, you get your money.
With Bitcoin transactions, there is no middleman. So, as soon as your casino sends funds, they will be deposited into your wallet.
But Bitcoin transactions are not just quick; they are also cheap. Banks and e-wallets need expensive third-party servers to process operations.
Bitcoin, on the other hand, uses the computing power of your device to carry out an operation. There is no need for third-party servers or software, and most importantly, all transactions are done on the blockchain, so there is no way for someone to mess with them.
Besides the two characteristics that we previously mentioned, Bitcoin online gambling also offers a safe environment and complete anonymity.
However, the anonymity part is what interests most of the people. Right now, regular online casinos are everything except anonymous. They ask for your private information like first and last name, your credit card info, and some even require a screenshot of your government-issued identification card to confirm that you are legal age and from a state that allows online gambling.
On the other hand, a Bitcoin gambling site will only ask you to choose a username, and some will require your email address to create an account.
Second, many casinos track information about players. This way, if a player is winning a lot, a casino can just cut him off. Believe it or not, but this is a common practice in both brick-and-mortar and online casinos.
Finally, linking your credit card to a gambling account can send red flags to your bank. This can cause complications when asking for a loan because some banks consider gamblers problematic.
Despite having such impressive features, some Bitcoin casinos offer a better product than the others do. In fact, some of them are complete scams.
Yes, even the Bitcoin gambling industry is not immune to rigged games, thefts, and so on. However, it should be noted that this is not the fault of the blockchain technology, but of questionable casino owners who look to defraud people.
Fortunately, the best Bitcoin gambling sites are easily recognizable. They offer all gambling features that you come to expect from a top casino and then some.
So, here are some of the most important ones. First of all, an online casino needs to have quality games to be considered as one of the best.
No, having a massive game library is not enough. In fact, some casinos go the opposite way and focus just on a few games. As you can see from the table above, some entries specialize in a particular game like Bitcoin dice and offer nothing else.
So are these casinos bad? However, they are not for everyone. That is why we say that quality is more important than quantity. Additionally, some game software developers are known in the industry for their quality games.
For example, Microgaming, NetEnt, and Betsoft are all excellent game providers that guarantee a fun gaming experience. The best Bitcoin gambling platforms offer nearly instant withdrawals and deposits.
Furthermore, Bitcoin gambling sites should have no fees on deposits and withdrawals. So, if a casino has them, that should be a red flag.
Of course, this is not to say that a casino is bad for having fees. However, you can find a website with a better gaming environment and without transaction costs easily.
Provable fairness is the most commonly associated term with Bitcoin gambling sites, but the truth is that not a lot of them are using this system.
This means that it would be entirely decentralized. However, that is not the case with most Bitcoin casinos. Instead, they opt-in to offer some provably fair games and the rest are the same ones as on the regular online casinos.
For example, Fortune Jack, one of the best Bitcoin casino sites, has a separate provably fair category of games.
In fact, most provably fair games are dice, blackjack, bingo, roulette, and keno. Of course, for a casino to be on the top Bitcoin gambling sites list, it must have a clean track record.
The online gambling industry is no stranger to controversies and scandals, even some highly regarded platforms had a couple of mishaps.
So, to stay safe, we recommend playing on the verified platforms only. For example, these 49 sites from our table are all legitimate and trustworthy operators.
While they are not perfect, they do offer a reliable gambling environment, and that should always be your primary concern when choosing an online casino.
Finally, the best Bitcoin gambling site should have generous bonuses and promotions. Many of these promotions will boost your account balance, give you freebies, tournament tickets, and so on.
The most popular Bitcoin casino USA players are playing on is FortuneJack. This casino is also one of the first Bitcoin gambling platforms, dating back to Since then, FortuneJack has managed to become one of the leaders in the industry.
They offer a massive number of games, excellent promotions, and most importantly, secure gambling environment. The best part about this Bitcoin casino is that it has a separate provably fair games category.
Additionally, FortuneJack accepts other cryptocurrencies like Ethereum, Litecoin, Dogecoin, and Bitcoin Cash, just to name a few.
In an effort to constantly better its offer, FourtuneJack has recently released the esports betting option and an improved loyalty program called Miami Garage.
And dice lovers will be happy to learn FortuneJack has launched its own in-house made dice game called the Blue Dice. If you are looking for some Bitcoin lottery games, then this casino might be perfect for you.
Just read any BitcoinCasino. They offer an excellent selection of games, gorgeous interface, rewarding bonuses and promotions, and even games for other cryptocurrencies like Ethereum, Litecoin, Dogecoin, and Bitcoin Cash.
Furthermore, they offer a fantastic welcome bonus of up to 5 BTC or equivalent amount in any other cryptocurrency.
Besides these flashy things, BitcoinCasino. This top casinos for Bitcoin gambling list cannot be complete without BetChain. They have everything, from massive, high-quality game library to incredible bonuses and promotions.
You will get to play all classic casino games like slots, roulette, poker, blackjack, baccarat, and many other ones. BetChain has excellent promotions like reload bonuses, free spins, monthly tournaments, happy hours, cashbacks, as well as a generous welcome bonus.
Additionally, BetChain has the latest security features and modern look. Plus, their website is fully optimized for mobile devices, so you can gamble on the go.
Just an FYI, not all games are available on the mobile version of the website. The website has a sleek design, excellent game selection, and exciting promotions.
You will get to play various casino games, from slots to live casino games like blackjack and roulette. Plus, they accept a dozen different currencies, both fiat and crypto.
Despite being a relatively new player on the market, mBit Casino has managed to attract a massive following. Its modern and simplistic design, growing game library, safe gambling environment, and powerful sportsbook have made this casino a fan-favorite.
Yes, besides being an online casino, mBit is also a Bitcoin sports gambling platform. Many big online casinos have their own custom software experience.
Bitcoin casinos are often transparent about how their algorithms work as a gesture of fairness since transactions occurring using bitcoins are untraceable.
Anonymity is perhaps the most significant factor in deciding why you should better transact using bitcoins for online gambling.
Since bitcoins are accepted globally, a player can play from virtually any part of the world. Most of the online casinos have no limits on the number of transactions that occur using bitcoins, whereas there is certainly a limit on the amount you can spend with actual currency.
Let us take a deep dive into some advantages you get while transacting using Bitcoins for online gambling. There are multiple steps in the transaction, with intermediaries involved along the way.
With Bitcoin, the whole system is entirely internet-based, and with no steps required, the transaction happens quickly.
Though the casino itself may take a day to authorize your withdrawal, it will still be much quicker than if you were using money.
Online casinos will often give more significant rewards to those who make deposits online with Bitcoin. Look for casino welcome bonuses that offer real Bitcoin payout.
Some will give extra rewards such as free spins on the pokies, cashback bonuses, or even lifetime reload bonuses.
If you keep an eye on the price and time it right, you could increase your winnings by thousands of dollars. Wait to withdraw your coin until the value goes up to get the most money possible from your Bitcoin.
Bitcoin is an excellent alternative to using credit cards or bank accounts when it comes to online gambling. Transactions are quick, rates are lower, and you keep your information private and safe.
If you are going to use Bitcoins as a means of currency for online gambling, you should also understand all the risks that are associated with it.
Here are some of the things that you should keep in mind while gambling online using Bitcoins. Cryptocurrencies such as Bitcoins are a relatively new form of currency.
Although completely digital, they still suffer from a highly volatile market. They should also keep in mind that most gamblers who use Bitcoin, do so because online gambling is either illegal or too heavily regulated within their jurisdiction.
This circumstance has attracted gamblers to Bitcoin as a means of gaining access to what their government seeks to put beyond their reach, and tools like a VPN are the catalyst for that kind of activity.
Nevertheless, most governments in the world — with the exception of those which focus on internet access restrictions, like the Iranian government — will not go after VPN services.
These are deemed to be perfectly legal. The common denominator between VPN and the legal status of Bitcoin gambling, seems to be that the onus of any kind of illegal online activity involving either tool, is on the individual.
If you use a VPN to engage in Bitcoin gambling within a jurisdiction in which either online gambling or Bitcoin are illegal, then you are on the wrong side of the law.
Regardless of whether it is legal or not, more gamblers are taking their chances and are gambling with Bitcoin using VPN services.
They do so primarily to circumvent the fencing mechanisms that casinos have in place to keep gamblers from jurisdictions in which they do not have a license, from using their services.
That is, if the casino is at all licensed. These Bitcoin casinos that do not have a license, just add to the complexity of the issue.
The bottom line is that Bitcoin gambling is legal in many places around the world. In those places where it is not legal, players recur to VPN services to gain access to the service, taking on the added risk of being caught.
In other instances, they go for Bitcoin casinos that operate without a license — which makes that casino operation illegal in most places.
Bitcoin miners use specific hardware and software to approve all bitcoin exchanges between wallets to verify transaction integrity and also process complex algorithms which release new bitcoins onto the market when solved.
Every time the algorithm is solved, a new algorithm is provided to the miners but with added complexity, delaying the release of the next set of bitcoins to prevent inflation.
More businesses are accepting bitcoins as a legitimate method of payment every single day; as time progresses the value of a single bitcoin will continue to rise; investing in bitcoins early is a wise and objectively safe decision.
To get started testing bitcoin, you will at first, need a Bitcoin wallet. Please be aware of this when you choose a wallet type. Online wallets are stored by a third party on their cloud servers.
Creating and backing up your bitcoin wallet are simple if you choose a web-based wallet because some online wallet providers keep backups for you while also giving you the option to back up your bitcoin wallet yourself.
This is recommended for new bitcoin users or people with basic computer knowledge. Software wallets are stored entirely on your own computer, but require that you backup your wallet manually.
They are more secure than cloud wallets because if the cloud is ever compromised, you run the risk of losing the contents of your wallet.
With just a few clicks, you can already enjoy them and collect loads of BTC as your payouts. Bitcoin Betting - this is one of the first topic you need to know, it covers up a little introduction about bitcoin betting and the process or step by step guide in betting.
Gambling Sites accepting Bitcoins - there are different Bitcoin Gambling Sites to choose from, it is important to choose the best websites.
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