Although Bitcoin is over a decade old, it has nevertheless become the go-to currency to use at legitimate online casinos for both US and international players in 2019. Thanks to its anonymous and decentralized form, the most valuable and popular cryptocurrency in the world has taken the online gambling industry by storm over recent years due to its quick turnaround times for both depositing funds and requesting withdrawals without the need for a bank to handle any transactions on their end.
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And because online Bitcoin casinos are more popular than ever, we want to provide you with a breakdown of the legality surrounding the use of the digital currency to gamble at a casino on the Internet as well as provide a list of the best legitimate sites we believe are trustworthy and safe and secure for all your online gambling entertainment in 2019.
Bovada Casino is the best option available to our readers. Not only does Bovada accept Bitcoin but they also have a dedicated BTC bonus. The Bovada bonus consists of a 150% match bonus up to $4,500.
Bitcoin Casinos Online Casinos that Accept Bitcoin. One of the attractions of this is the low transaction fees compared to credit cards or payment systems like PayPal. Bitcoins can be spent directly from a computer, tablet or smartphone, and the system uses the highest levels of security to ensure safety for users.
To qualify for the bonus funds a new account must be made and funded with Bitcoin. Then you can play with the bonus funds for the remainder of the bonus or the life of the account.
Bovada players have grown to trust the online operator and have helped them build a stellar reputation in the industry. Users can play all the Bovada platforms including their casino, sportsbook, poker room, and more with a single user account.
Most Trusted And Safe Bitcoin Casinos
Here you’ll find the complete list of reputable online casinos accepting Bitcoin that we can recommend without hesitation. Each is legally licensed, located offshore, and complies with the rules and regulation of the country where they have set up business operations. These legitimate online casinos are industry leaders when it comes to player experience and have built a strong reputation within the gaming community. If you want to gamble online with cryptocurrency, then look no further than our list of most trusted bitcoin casinos. These premium online casinos also offer a secure mobile casino for playing real money games on the go.
| Casino/Rating | Bonus | USA Friendly | Visit/Review |
|---|---|---|---|
| 1 | 150% up to | ||
| 2 | 300% up to | ||
| 3 | 600% up to | ||
| 4 | 100% up to | ||
| 5 | 200% up to | ||
| 6 | 300% up to | ||
| 7 | 200% up to | ||
| 8 | 100% up to | ||
| 9 | 100% up to |
What is Bitcoin - BTC?
Bitcoin is a form of the digital currency known as “cryptocurrency” that is decentralized and belongs to no bank, government, or single person. All transactions are recorded anonymously through encryption on a public ledger known as a “blockchain” and any form of exchange can be verified by network nodes.
Is Bitcoin A Legitimate Currency?
Yes. You can purchase things on the Internet or deposit/withdraw funds at an online casino with it the same way you would with the US Dollar, Euro, or any government-issued currency. It does not have a physical form and is strictly digital, making it extremely convenient for our digital age.
How Can I Buy Bitcoin?
There are two ways to acquire BTC. The first and most common way is to create an account with a cryptocurrency wallet, also known as an eWallet or digital wallet. Then you simply enter in your payment information, choose Bitcoin from the cryptocurrencies offered by the online wallet, and purchase it at the current exchange rate with the traditional currency you use.
However, the USD-to-BTC conversion process takes up to 10 days at most commercial exchanges, which isn’t ideal for gamblers who want to play right now. But if your bank account supports the Zelle instant-pay service, you can use Zelle to buy BTC from private sellers at LocalBitcoins.com. With the Zelle-to-Bitcoin process, you can acquire BTC – and make your casino deposits – within just a few minutes. Legitimate Zelle casinos will accept the payment of cryptocurrency purchased through the Zelle app.
The other way to get this cryptocurrency is through mining, which is the process of keeping records on the public ledger and broadcasting transactions to other nodes on the network. This route requires a significant amount of computer processing power, but if you’re looking to earn without investing traditional money into it, then this is an option.
Are Bitcoin Casinos Legal?
Yes. All of the casinos you see listed on this page are operating legitimately within the countries they are located in. There are no US federal laws that prevent American players from enjoying legitimate Bitcoin casinos, and 48 out of 50 states allow offshore betting entertainment, (CT and WA being the two states that prohibit it). The gambling laws in each country vary by region, however, most International markets have a progressive position regarding online gambling entertainment. Be sure to check and see if your country has any laws that prevent you from using cryptocurrency at online gambling sites.
Are Bitcoin Casinos Safe?
We guarantee that each of the online casinos found on this page not only accepts Bitcoin for transactions but are also operates using the highest standards of security protocols and solutions. Additionally, each online casino found here uses the latest 128-bit SSL data encryption technology to keep all your data safe and secure. There are numerous gambling sites online that are just scams, which is why we want to show you the ones that won’t steal your crypto or your identity. If you want to use BTC to gamble online, then don’t put yourself at risk with questionable gambling sites, but rather consider the input of industry professionals and play at one of the legitimate online casinos that we’ve strongly recommended.
How Do I Deposit Funds With BTC?
To deposit your cryptocurrency at an online casino, all you need to do is send an encrypted address generated by your wallet to the gambling site you want to play at in order for them to verify where the money is coming from. Then, the site will send a Bitcoin address to you and once you enter the amount you want to deposit and hit accept. Once they verify payment (typically 10-15 minutes), then it will be converted into the currency of your country or another if you so choose.
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Are There any Bitcoin Casino Bonuses?
We're so glad you asked. Yes - there are. Most of the trusted Bitcoin casinos you see on this page offer a special cryptocurrency bonus offer that often times exceeds their traditional welcome bonus. In some cases, the offer is extended as a reload bonus also - meaning that the bonus doesn't just apply to your first deposit. The offers will vary from site to site and are subject to change - so be sure to check them anytime you visit your preferred online gambling site.
What Games Can I Play At Online Casinos?
Using Bitcoin to fund your online casino account does not provide any limitations to the games that are available to you to play. You may play any game that the casino offers, including:
Can I Request A Withdrawal At Gambling Sites With BTC?
Yes, and requesting a withdrawal using any cryptocurrency at a gambling site follows all of the same steps as depositing funds but in reverse order. Just remember: Once the online casino sends the funds to your e-wallet, you can then decide to keep it as Bitcoin or transfer it back into your country’s currency and into your bank account.
Are There Any Fees?
The gambling sites that we recommend do not charge any fees like they would with a credit card or other forms of payment. There is a small “miners fee” which is what the miners charge for the upkeep of the public ledger. However, this is significantly less than what your bank or card would charge the gambling site, which, in turn, would get passed on to you. So, when using Bitcoin all fees are waived from the online casino.
How Fast Are Bitcoin Transactions?
It varies and is largely dependant on whether the network is congested or not. If it’s not, then it can take roughly 10 minutes to an hour to get confirmation, but if there is network congestion, it might take up to a day. This, however, still tops transactions with banks, which can take several days or even weeks to verify funds when depositing or withdrawing funds at an online casino.
Does the Price Change?
The exchange rate fluctuates in real-time so this is something to be aware of if you choose to not convert the crypto back into your country’s currency. After the gambling site converts your winnings from the currency you used while playing casino games back to Bitcoin in order to send it to you, it can lose value or increase in value depending on how the price market is behaving.
Will The Bitcoin Market Affect Funds In My Online Casino Account?
No. After funding your online casino account with Bitcoin, the gambling site will then immediately convert it to the currency you choose to play with and will be your country’s currency by default. Hypothetically, If your deposit and withdrawal were the same amounts, then you would receive more BTC than you initially put in if the price has dropped since your initial deposit while you receive less crypto if the price has increased in value over that same time period.
Bitcoin is a highly popular cryptocurrency that’s been available since 2009. It allows people to make peer-to-peer transactions with each other or businesses.
Bitcoin (BTC) first entered the gambling world in 2011, when poker sites were looking for a way to get around the Unlawful Internet Gambling Enforcement Act (UIGEA).
Since then, a large number of online casinos have also chosen to accept this payment method. In fact, some casinos only take BTC.
Why do certain gaming sites exclusively accept BTC, while ignoring more traditional payment options like credit cards and e-wallets? I’m going to discuss several reasons behind the Bitcoin gambling sites.
Bitcoin Allows Casinos to Get Around Restrictive Laws
As mentioned above, online poker rooms originally started accepting BTC to work around the UIGEA. The latter refers to a 2006 law that prevents online gambling sites from accepting payments from states where doing so is illegal.
Not every US state explicitly outlaws online gaming. Therefore, many offshore casinos continue serving Americans in gray markets.
Nevertheless, some gaming sites still need to worry about finding payment processors that serve their customers. This problem started immediately after the UIGEA, when prominent e-wallets like Neteller and Skrill (formerly Moneybookers) vacated the US.
Other financial institutions, such as Visa and Mastercard, reject around half of the transactions related to unregulated gaming.
Any casino that still relies upon such financial instruments may struggle to serve their customers.
Bitcoin offers a way around this hassle. It’s a decentralized currency, meaning it’s not controlled by a government or bank. The US government can’t block BTC-related gambling transactions.
Of course, Bitcoin doesn’t give casinos the green light to serve states that have outlawed online gambling (e.g. Washington). But it does allow them to serve the grey markets with ease.
No Processing Fees to Cover
The Bitcoin network charges fees to those who send payments. In the case of an online casino deposit, the player would be charged a small amount.
These fees are paid to the miners who facilitate BTC transactions. They aren’t the same as processing charges from major financial companies.
Online casinos appreciate Bitcoin because they don’t have to cover processing fees. Instead, the gamblers who initiate a deposit or withdrawal are the ones paying miners.
Players usually make out in these deals as well, because BTC fees are cheaper than those associated with major credit cards, e-wallets, and banks.
Sometimes, Bitcoin transaction charges rise if the network is congested. However, this problem only flares up on a rare basis (e.g bull run of late 2017).
Some Gamblers Appreciate Using Bitcoin
The average casino player enjoys the convenience of a credit card, e-wallet, or prepaid card. These payment instruments have been around for a while and serve gamblers well for the most part.
Some players also find Bitcoin easy to use as well. They can quickly make BTC deposits and withdrawals after learning the ropes.
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So, what does this entail? First off, you need to purchase Bitcoin from an exchange. A number of exchanges, such as Coinbase and Gemini, allow you to do so.
Next, you must obtain a wallet address from the casino of your choice. Simply navigate to the site’s banking section and generate a BTC address.
Finally, head back to the exchange and send funds to the casino. You just need to use the wallet address as the recipient and wait anywhere from a few minutes to half an hour for your funds to arrive.
Unlicensed Bitcoin Casinos Tend to Be Accepted
Most online casinos obtain licensing so that they have more credibility along with a safe haven to operate in. However, a small percentage of gaming sites forgo licensing.
These casinos typically have problems gaining acceptance from gamblers. After all, they haven’t gone through the process of being approved by a licensing jurisdiction.
For some reason, Bitcoin casinos largely avoid this stigma. Gamblers are more willing to give these sites a pass.
Unlicensed BTC casinos aren’t any more trustworthy than the next unlicensed gaming site. But the whole buzz around Bitcoin seems to earn them leeway in the non-licensed department.
Cryptocurrencies Are a Hot Subject
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Bitcoin started out as a lightly discussed topic among tech crowds. It eventually gained acceptance among gamblers, too.
But it wasn’t until the bull run of 2017 that BTC officially became a household name. Major TV networks and social media were rife with Bitcoin news at this point.
A major crash followed this bull run. The BTC price is still only worth around half of what it reached in December 2017 (almost $20,000).
But the bull run did succeed at making hundreds of millions of people aware of Bitcoin. Some have also come to recognize other cryptocurrencies for gambling sites, such as Ethereum, Ripple, and Litecoin.
Casinos have used this hot topic issue to bring attention to themselves by accepting Bitcoin and other crypto.
Bitcoin Makes for a Nice Marketing Gimmick
Continuing off the last point, some gaming sites are using their acceptance of BTC as a marketing tool. They’ll theme their site and promotions entirely around Bitcoin.
For example, they might offer a deposit bonus worth up to 0.1 BTC. They may also feature special promotions that are only for Bitcoin users.
Some gaming sites have also begun accepting other cryptocurrencies to further their marketing efforts. A casino that takes BTC, Ethereum, and Litecoin can really market itself to crypto/gambling enthusiasts.
Cryptocurrencies are so hot that even some of the major online casinos that can accept credit cards, banks, and e-wallets with no problem are accepting crypto.
Conclusion
Bitcoin originally spawned after the US recession of 2008. The inventor, Satoshi Nakamoto, wanted to circumvent fiat currency after the government bailed out big banks following the recession.
BTC has struggled to gain true adoption ever since. But it has definitely found a home in online gambling.
Some casinos are even using Bitcoin to differentiate themselves from regular gaming sites. They’re also using it to get around restrictive banking laws.
This cryptocurrency is especially effective at bypassing the UIGEA, which severely limits the amount of payment processors available to offshore casinos. But the latter can easily serve players by accepting BTC.
Gaming sites also like not having to cover traditional payment processing fees. Instead, gamblers pay small amounts to miners when they initiate deposits and withdrawals.
Unlicensed casinos can also use Bitcoin as their theme to gain more acceptance among players. For whatever reason, unlicensed gaming sites seem to gain more acceptance if they market themselves as a BTC casino.
This brings up another point in that sites can use Bitcoin as a marketing gimmick. Deposit bonuses and other promotions revolving around BTC seem to generate a buzz.
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Cryptocurrencies are still a hot subject among the masses. Ever since the bull run of late 2017, the public has become more aware of crypto. Bitcoin-only casinos can draw immediate brand recognition as a result.
Of course, not every benefit involving BTC is for the casinos alone. Some gamblers also appreciate using the world’s leading cryptocurrency to play casino games with.
Bitcoin is fairly easy to use once a player gets the hang of the process. It can be transferred from exchanges or BTC wallets rather easily.
As mentioned before, it involves relatively small miner fees, too. Gamblers can use BTC for cheaper online casino banking transactions.
Adding everything up, it’s easy to see why some casinos center their banking around Bitcoin. More offshore gaming sites will likely do the same in the future.
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