Your Bitcoin Casino Questions Answered
Bitcoin is the granddaddy of all cryptocurrencies and is widely regarded as the true form of digital gold. Many Bitcoin owners trade the world’s biggest digital currency in a bid to increase their financial standing, but others decide to use it as a form of money for transactional purposes. Today, we’re looking at the latter method, whereby people use BTC to play at online casinos.
Bitcoin casino play is huge in 2020, as millions are taking the famous cryptocurrency to the tables in the hope of striking it rich. If you’re ready to make the world’s online Bitcoin casinos your playground (take a look at BitStarz *wink*), you’ve come to the right place.
Want to know more about Bitcoin online casinos? Want to put your cryptocurrency to work? We suggest you keep reading, as we’re about to dive headfirst into the world of Bitcoin casino play!
What is Bitcoin?
Let’s get down to the very basics and explore what Bitcoin is. This is a great place to start, as if you have no clue about Bitcoin, the rest of this article won’t make much sense, and we wouldn’t want that.
Bitcoin is a pseudonymous cryptocurrency developed by the mysterious Satoshi Nakamoto. The initial white paper that outlined core fundamentals about the digital currency was released in October 2008. On January 3, 2009, the very first Bitcoin block was mined by Satoshi Nakamoto. Since then, Bitcoin has been adopted by merchants and consumers around the world, creating the start of a brand-new financial revolution.
Thanks to its trustless nature, Bitcoin enables people from all over the world to make financial transactions without banks getting in the way, a feature that led to its use in the criminal underworld. Fortunately, Bitcoin isn’t totally anonymous, meaning that government agencies have the power to track down people that use Bitcoin for nefarious purposes. It’s safe to say that Bitcoin’s days as a criminal tool are now in the rearview mirror.
The Bitcoin revolution has spawned many offshoot cryptocurrencies too, but none come close to the market cap that Bitcoin has developed over the years, making it the first and biggest cryptocurrency in the world.
5 Bitcoin Facts
- Bitcoin has a limited supply of 21 million Bitcoins.
- Bitcoin is now a viable currency accepted around the world.
- The first Bitcoin purchase was for pizza and was conducted by Laszlo Hanycez – it cost him 10,000 BTC at the time.
- Nobody knows the true identity of Satoshi Nakamoto.
- Various other cryptocurrencies have emerged due to Bitcoin’s success.
What is a Bitcoin casino?
Bitcoin has a wide range of uses, but today we’re focusing on how Bitcoin can be used for online gambling. Getting the ball rolling (or slot reels spinning) is much easier than you might think.
First up, a player needs to have some Bitcoin, but thanks to the myriad of crypto exchanges around the world, it’s now easier than ever before to get Bitcoin legally. From there, it’s all about finding a Bitcoin casino that you want to play at. Start out by looking at the games on offer for Bitcoin play, the license held by the online casino and, most importantly, the types of bonuses on offer for Bitcoin players – hint, hint, BitStarz certainly has you covered here.
Once you’ve decided on a Bitcoin casino that suits your needs and demands, it’s time to make an account. Once you’ve got your account, you can head to the deposit page and you will see a special Bitcoin deposit address. This is your unique deposit address, with any Bitcoin sent to this address being deposited into your account. Once the Bitcoin transaction has been verified on the blockchain the Bitcoin will be in your account and ready to be played with.
Online casinos convert your Bitcoin into a playable currency, based on the standard currency value of your BTC deposit, which the online casino backend then uses to help you play games. As a player, you don’t see any of this going on, it’s all magical behind-the-scenes tech that allows you to gamble with Bitcoin with minimal fuss. Certain casinos and sites also allow you to play with straight BTC, if you want to make the process even simpler, but that does incur additional risk.
How can I get a Bitcoin casino bonus?
If you’re going to be gambling with Bitcoin then it’s well worth your time to dig around the various Bitcoin casinos looking for the best deposit bonuses. Each online casino will have a different Bitcoin deposit bonus, so finding one that gives you a great amount of free Bitcoin and free spins is well worth your time. For example, here at BitStarz we offer a welcome bonus worth up to 5BTC and 200 free spins..
In fact, the bonuses for gambling in Bitcoin don’t end there – oh no. If you take advantage of our Monday Reload bonus, you can get a 50% deposit bonus, meaning when you deposit 5mBTC, you will get to gamble with 7.5mBTC. When midweek rolls around, with Wednesday free spins you can get a crazy 200 free spins by depositing 0.014BTC. As you can see, depositing in BTC and gambling with Bitcoin really pays – after all, who doesn’t like free Bitcoin!
Why should I play at a Bitcoin casino?
When it comes to playing at a Bitcoin casino, there are loads of amazing benefits that you might not know about. First up, the deposit fees for Bitcoin are non-existent – you only pay the transaction fee as you would any other Bitcoin transaction. This works out to be a small fortune if you play at Bitcoin casinos frequently, especially when you look at the charges imposed by banks for these types of deposits.
Secondly, nobody can tell you what to spend your Bitcoin on. Numerous banks all around the world have begun clamping down on gambling-related activity, leaving many players not able to spend their hard-earned money as they please. Thanks to Bitcoin’s decentralized nature, you can deposit as much as you wish, wherever you wish – no bank will ever take your Bitcoin away or tell you how to spend it.
When it comes to winning, some of the biggest winners around have been playing in Bitcoin. Thanks to the size of the wagers you can make with Bitcoin bets, you can place large bets without all the usual fuss that comes with doing so. This, in turn, means your win size potential is significantly higher than with standard currency bets. At BitStarz, we’ve seen players win hundreds of Bitcoins from single spins, further adding fuel to the fire of Bitcoin being one of the best currencies you can play with at an online casino.
When it comes to withdrawing your small fortune, Bitcoin once again has a major advantage over standard currencies. Once your withdrawal has been approved by a Bitcoin casino, the transaction will take around 10 minutes to be in your Bitcoin wallet. Thanks to there being no middleman bank in Bitcoin transactions, you only have to wait for the miners to add your transaction to the next block. This means your next big win can be back in your wallet and ready for you to spend in as little as 10 minutes – compare that to the average three working day wait time from traditional banks.
What Bitcoin casino games can I play?
At BitStarz, we have an unrivaled game selection, but unfortunately not all games support Bitcoin play. There are more than 1,800 games available for you to play in Bitcoin, which is a pretty large game selection when it comes to what’s offered by other so-called Bitcoin casinos.
We understand that sometimes you want more, so we’ve implemented a system that lets you deposit Bitcoin into your Euro account. This allows you to play with Euros and get access to the incredible game selection that standard currency players have access to, all without needing to send your Bitcoin to an exchange. Simply swap it to a standard currency, then withdraw to your bank and finally make a deposit, it really is just that simple.
This process cuts the time taken down from around a week to a matter of minutes. Don’t be put off by the small selection of games at other Bitcoin casinos. Those that really care about Bitcoin players have measures in place to make playing at Bitcoin casinos as easy and fun as possible – with thousands of games available to play.
Are Bitcoin casinos legal?
When it comes to playing at a Bitcoin casino, it’s incredibly important that you do your homework and make sure that it’s fully licensed and regulated. The best place to start your search is the footer of your selected Bitcoin casino. There should be a license number and a jurisdiction. Once you’ve found this, head over to the regulator’s website and search for this license number. If all matches up, then you know that specific Bitcoin casino is licensed and regulated.
We can’t stress the importance of this enough, as when you make a Bitcoin transaction, you have no way to recall it and there is no central agency to contact to help you get it back. If you send your Bitcoin to a scam casino, there is a good chance you won’t ever see it again – be careful out there.
BitStarz casino launched as a Bitcoin casino back in 2014. Following launch, we pivoted to accept both Bitcoin and standard currencies, becoming the first fully regulated and licensed online casino in the world to do so. This is the sort of pedigree you’re looking for when it comes to picking a Bitcoin casino. For the moment, Bitcoin gambling is totally legal, as long as the Bitcoin casino is regulated and is allowed to operate in your jurisdiction.
What is the best Bitcoin casino?
When it comes to calling a Bitcoin casino the best Bitcoin casino, you need to take many factors into consideration. First up, you need to make sure the Bitcoin casino is fully licensed and regulated – think about what we just mentioned. After that, you need to take bonuses into consideration. The best Bitcoin casino will have loads of bonuses in store for Bitcoin players, after all, free Bitcoin is the best Bitcoin.
You need to mix all of the above with the selection of games on offer. You can’t be the best Bitcoin casino with just five games on hand. Finding the complete package can take a little while, but your hard work will pay off when you’re reaping bonuses every week that turn your Bitcoin balance into a small fortune. Table, slot, and games live casino can all be played at the best Bitcoin casinos.
5 Bitcoin Casino Facts
- The best Bitcoin casinos will have amazing bonuses that give you free BTC to play with.
- Reputable Bitcoin casinos are fully regulated and comply with laws from a variety of jurisdictions.
- Only the very best online casinos have a broad selection of games for you to play.
- 24/7 customer support is an essential part of being the best Bitcoin casino, so keep an eye out for this feature.
- Lightning-fast withdrawals tend to separate the best Bitcoin casinos from the rest.
Can I play slots at Bitcoin casino?
When it comes to specific slot games for Bitcoin, there is a small handful out there. Developers have created slot games for Bitcoin players and these games are often tech-themed, so there is certainly a target audience in mind.
One amazing Bitcoin themed slot game is Satoshi’s Secret. In Satoshi’s Secret, the aim of the game is to hack wallets and accounts to loot the Bitcoin inside. Full of hashes, puzzles and all sorts of Bitcoin references, Satoshi’s Secret is one of the best slot games focusing on the Bitcoin world.
To top it all off, Satoshi’s Secret packs a huge max win of €50,000 from each and every spin. It also carries a nice gamble feature where you can double up this win into a small fortune. Bitcoin slots are very popular amongst Bitcoin holders, so keep an eye out for these high-paying BTC slots.
How do I get free spins at a Bitcoin casino?
Playing casino games with Bitcoin is no different to playing with fiat currencies when it comes down to the core aspects. This means you can still get free spins in games by landing scatter symbols and bonuses. Bitcoin casinos will often dish out free spins in bonuses every week to keep you spinning those reels and winning free cash.
Game mechanics pretty much remain the same, so you don’t have to worry about not getting access to magical free spins if you decide to play in Bitcoin. Think of Bitcoin free spins as free Bitcoin accumulating in your account – as they can certainly help boost your bottom line.
Can I play poker with Bitcoin?
Gambling in Bitcoin is exactly the same as gambling in any other currency. You have access to a huge range of live table games including blackjack, baccarat, video poker, Bitcoin roulette and various types of poker games. If you want to find the best Bitcoin poker experience, you should try three card poker at BitStarz.
With stake options of all sizes, ranging from small players to high rollers and fast-paced action, these poker games are the best around, especially for Bitcoin play. Don’t miss out on playing the best poker games and experiencing the hottest casino games live.
How can I get free Bitcoin?
There is nothing quite like free Bitcoin, and we’re going to tell you about the best ways to get free Bitcoin at BitStarz. We mentioned it earlier and we’ll say it again, you need to make sure that you take full advantage of the very generous welcome package that’s on offer when you first join BitStarz. You can get up to 5 BTC over your first four deposits and 200 free spins. 5 BTC is not an amount of free Bitcoin to be sniffed at, so take full advantage of this deposit bonus and get your 5 BTC free today.
Next up, stay tuned to the BitStarz blog to find out about our latest promotions. We regularly host Bitcoin giveaways through the blog. Every few months we give 50 players the chance to win 20mBTC each by completing a few tasks. These epic promotions don’t last long, so keep checking the BitStarz blog to ensure you manage to catch each one the second it launches. After all, would you want to miss out on free Bitcoin? We didn’t think so!
5 Ways to Get Free Bitcoin
- Take advantage of welcome bonuses at Bitcoin casinos to maximize your free Bitcoin potential.
- There are still profitable Bitcoin faucet sites that let you click links and ads in return for free BTC.
- Keep your eyes peeled for promotions where Bitcoin casinos are giving out free Bitcoin.
- Don’t be afraid to place slightly higher bets to try and unlock free spins or other bonus modes in popular Bitcoin casino games.
- Find a debit card or credit card that gives you cashback in Bitcoin.
Is it worth playing Bitcoin dice?
There are a number of Bitcoin dice games available to play, some even have additional features that vary it from the usual game of dice. Like all Bitcoin casino games, Bitcoin dice can be a lucrative way to wager your Bitcoin and make good returns. Safer bets give you a better chance to win Bitcoin, but at a lower payout level. If you’re looking to play Bitcoin dice and really rumble the casino, you should check out our epic Lightning Dice guide.
Several outcomes in Lightning Dice give you the chance to be granted a multiplier up to 500x your stake. If you bet on all of these outcomes you have a great chance at landing that 500x multiplier over 30 hands. If you place bets that allow you to play 30 hands or more, you should be able to strike the lightning and take home the 500x multiplier at least once. When picking a Bitcoin casino to play Bitcoin dice at, keep an eye out for casino offers that will give you more rolls of the dice than others.
How do Bitcoin deposits and withdrawals work?
When it comes to playing in Bitcoin, depositing and withdrawing with ease is very important. Should you make a deposit in Bitcoin, at BitStarz we only require one confirmation before your deposit is credited to your account. This means you can start playing in a matter of seconds, much faster than with standard currency payment methods.
Withdrawals function in a similar fashion, our average cashout time is less than 10 minutes. Couple this with the transaction time of Bitcoin and you could have your withdrawal back in your wallet in around 20 minutes or less – depending on when the next Bitcoin block is due to be mined. Withdrawals in Bitcoin are much better than standard currencies, largely thanks to the total freedom you have and the sheer speed in which they can be completed.
Can I really play legit Bitcoin blackjack?
When it comes to playing live dealer games in Bitcoin, there are plenty of legit options out there, but you can only be as profitable as your skills allow. If you’re a talented blackjack player that knows how to play with a basic strategy in mind, you can make a very good amount of cash playing live blackjack in Bitcoin through such efforts. Thanks to the speedy deposit and withdrawal times, you can easily adjust your bankroll to suit your playstyle and fund your account to take part in the next hand should your plans go awry.
With BitStarz’ popular blackjack guides, you can learn all the skills and tricks you need to know in order to play blackjack effectively and win more often than you lose. Best of all, when playing blackjack in Bitcoin, your bankroll can increase in value as you wait for the next hand to start thanks to market volatility and upwards price movement.
Is Bitcoin roulette worth trying?
There are numerous live dealer table games that you can play in Bitcoin, but one of the best options out there is Bitcoin roulette. With more than ten varieties and countless Bitcoin roulette tables to pick from, you’re totally spoilt for choice when it comes to Bitcoin roulette at BitStarz if you ask us. By taking advantage of our various strategies, tips, and tricks, you can turn your average roulette bets into big winning wagers in no time at all.
If you want to mix things up a bit, you can take to our Lighting Roulette table that offers an incredible max win of 500x your stake. When we’re talking about Bitcoin, that’s a huge win that you don’t want to pass up. Simply place a bet on all of the outcomes where the lightning can strike and there is a good chance you will strike the lightning and win 500x your stake at least once in 60 or so rounds. Make sure you try out BitStarz famous Bitcoin roulette options while the tables are still hot and dishing out the big bucks.
Is my first Bitcoin casino deposit the most important?
When it comes to making your first deposit at any Bitcoin casino, you need to make sure you’re getting a great deal. For example, with the BitStarz welcome bonus, your first deposit will give you a 100% bonus up to 1BTC and 180 free spins. This is incredible for a first deposit and first impressions count if you want our two cents.
Most first deposits at Bitcoin casinos will reward you with more than any other, so make sure you deposit enough to take full advantage of the first deposit bonuses on offer. Here at BitStarz, the optimal first deposit size is around 1BTC as this is the perfect amount to get the free 1BTC bonus and the 180 free spins thrown in on the side.
Start your Bitcoin casino experience the right way and make a big first deposit to take full advantage of the impressive deals currently being offered.
Can I get Bitcoin cashback?
If I told you that there is a world where you get Bitcoin cashback every time you lose a hand, would you believe? Well, it’s actually possible at BitStarz on selected weekends.
You read that right, on selected weekends at BitStarz, you can get Bitcoin cashback on your losses. This means you can play your favorite table games without fear, playing hands and watching the wheel spin knowing that if you lose, you will get a percentage of your Bitcoin back. This is another amazing perk that you should keep an eye out for when picking a Bitcoin casino to play at and it’s a major factor in deciding the best Bitcoin casino around.
What games do Bitcoin casinos have?
Bitcoin casinos are still in their infancy, relatively speaking, and this means that many don’t have a wide range of games available for players to play. On-chain Bitcoin casinos will have one or two, often home-made, Bitcoin slots ready for you to play, but they lack the quality that traditional online casinos have. This is where crossover casinos like BitStarz really stand out.
Crossover casinos carry the same range of games as a standard currency online casino, but let you gamble with Bitcoin. As we mentioned earlier, there are more than 1,800 Bitcoin slots available to play here at BitStarz and more than 2,500 games for standard currency play. Thanks to our feature that lets you deposit Bitcoin into your Euro account, you can unlock the full range of games for you to play in no time at all. This creates the very best Bitcoin casino experience, and it’s an experience that you’re not going to forget any time soon.
What are my chances of winning at Bitcoin casino?
When playing Bitcoin slots and table games with Bitcoin, you have the same chances of winning as with standard currencies, as the RTP isn’t dynamic based on currency. However, it is possible to place larger and more sizable bets when playing with Bitcoin. This, in turn, means that players can work the system in their favor, winning more from successful game rounds. Several of the biggest winners at BitStarz have been playing with Bitcoin, showing that this hypothesis is agreeable to a certain level.
What is the best Bitcoin casino?
There you have it, these are the very best ways that you can get the most out of a Bitcoin casino. Make sure you’re playing at a fully licensed and regulated Bitcoin casino and ensure that this casino is jam-packed full of bonuses like BitStarz. You can never have enough free Bitcoin, so picking a Bitcoin casino with generous welcome bonuses will be your golden ticket in the long run.
As always, don’t forget to stay tuned to the BitStarz blog for all the best tips, tricks, and updates regarding brand-new free Bitcoin campaigns. After all, you don’t want to miss out on an epic promotion that’s going to dish out tons of free Bitcoin to all you amazing players!