Bitcoin casinos are no longer a rarity in the online world, nor are they something that still needs to be approached with great caution.
With Bitcoin becoming recognized, regulated, and increasingly accessible on a global scale, online casinos working with the cryptocurrency have been able to offer the same gaming convenience, security, and benefits as the best fiat money platforms do.
But no matter how common or popular Bitcoin casinos become, there will always be players who are new to the concept of gambling with Bitcoins and thus somewhat wary of doing so.
If you fit this description, feel free to check out the guide below for more info on the benefits and types of Bitcoin casinos, how to pick one, and what to expect out of your Bitcoin gambling platform.
Types of Bitcoin Casinos
Most Bitcoin casinos you can find online will be instant-play casinos, although there are also some who offer a downloadable casino lobby as well. But since the overall trend of the gaming industry is to move away from downloads and offer online platforms that can be immediately accessed, your options will be mostly tied to Flash and HTML5 casinos.
Needless to say, the trend towards instant-play is also strong in the mobile scene as well, and thus most Android and iOS Bitcoin casinos can likewise be played without any app downloads. So, whatever your playing preference, be it desktop, mobile, or tablet, you’ll always be able to find a casino that caters to your needs.
And when it comes to payments, you’ll be able to find casinos that are either Bitcoin exclusive or hybrid casinos, which also offer standard payment methods on top of Bitcoin. Both options are great, in their own respect, so your choice will mostly depend on whether you want to have other options at your disposal or not.
Why Use Bitcoin to Gamble Online?
If you’ve ever read anything about Bitcoin, you’ve probably seen the word “anonymous” thrown around often. However, while there is some degree of truth to this claim, it’s not entirely accurate, as Bitcoin can be tracked in cases where there are serious causes to do so. But when it comes to online gambling, using Bitcoins does mean you won’t have to leave any personal or banking information. Thus, your gambling transactions will stay entirely private, which is exactly what casinos mean by “anonymity”.
Another benefit, apart from the privacy, is that Bitcoin is a volatile currency, i.e. it can change its value fast and unpredictably. There have been cases where Bitcoin has grown by hundreds of dollars in a matter of weeks, which is always great. This, combined with the speed of withdrawals, which is unmatched by any other payment method, makes Bitcoin the go-to choice for many gamblers.
And finally, some Bitcoin casinos also give away much higher bonuses on Bitcoin deposits, as opposed to credit cards or e-wallets deposits. . Since Bitcoin payments don’t involve hiring financial services from third-parties, it allows the casinos to up the limits of their rewards for those who choose Bitcoin over fiat money. So, basically, it’s a win-win situation.
What to Look for in Your Bitcoin Casino?
With online casinos, one of the first things players look for is the licensing information, which is the first sign of trust. However, in the Bitcoin world, there are also operators who chose not to hold a license, since obtaining one involves resorting to third-party financial companies, which is contrary to the whole purpose and idea of Bitcoin.
So, with a situation like this, how do you know which casinos to trust? Well it’s all about reputation. Word of bad casinos spreads very fast online, so if there’s been anything shady going on, you’ll hardly see the operator recommended at all.
Software Providers – Another sign of a good casino is the software provider/s that power it. The biggest software developers today like NetEnt and SoftSwiss are very careful about their licensees, so you won’t see their games offered at rogue or scamming sites. There’s also the gaming variety to be considered, which is another plus of using sites powered by reputed software providers. Since most big studios turn out games regularly, you’ll always have fresh games to play.
Security – With Bitcoin becoming more valuable with each passing week, it’s crucial that any Bitcoin casino takes special precautions about the safety and security of their players. The standard practice is to use SSL security encryption, which is a must for any casino, especially Bitcoin operators.
Banking and Account Terms and Restrictions – A good Bitcoin casino will allow you to have the banking and playing freedom you need. Very tight banking limits, extensive playing restrictions, and impossible to meet bonus terms are all warning signs that something just isn’t right.
Bonuses and Rewards – Just like any land-based or regular online casino, a Bitcoin casino should be able to offer perks to both new as well as existing players. Not that they are the most important criteria, but it’s always better to be rewarded for your loyalty than to have nothing at all.
Provably Fair – And finally, a great Bitcoin casino must be able to offer some transparency as to the fairness of its games, be it by offering an audit certificate or a way to review the games yourself. A transparent casino is a safe casino.
Types of Bitcoin Casino Games
Unlike years back, the selection of games available at today’s Bitcoin casinos is wider and more diverse that it ever was before. Thus, when you sign up at a Bitcoin platform, you’ll be able to find some or all of the following type of games:
Not if you use Bitcoins. Most Bitcoin casinos will only have you leave an e-mail and username before you are registered and allowed to deposit.
Yes, you can. In most cases, casinos offer demo versions which you can use to test out the games and see what they are all about before investing any real money in them.
Yes, you’ll find mobile games in almost every Bitcoin casino. But what games you’ll have available and how many you can find will mostly depend on the software providers the operator uses.
The majority of operators you’ll find are “Provably Fair”, which means they offer a way for you to test whether the game outcomes are really random and fair. You’ll be able to find more information on how to do this on the casino’s site under the “fair games / provably fair” menu.
The standard bonus offered is the welcome bonus, but you can also find weekly bonuses, loyalty rewards, tournament prizes, as well as free spins and free chips bonuses. It really depends on what operator you choose.
One of the biggest concerns for most online gamblers is keeping their playing private, whether it’s because of legal regulations or simply because of disapproval from their social sphere. But adding Bitcoin to that puzzle not only clears away those concerns but also offers speed and profit opportunities for those who stick to their Bitcoins longer. And when you consider that most Bitcoin casinos no longer differ in quality or quantity from the best of online casinos that exclusively accept fiat money, there really are no more reasons why not to give them a try.