Online casinos with bitcoin and cryptocurrency
Any online casino fan will tell you that in order to play slots comfortably, it is important to find a balance between the quality of the software and the reliability of the platform. When it comes to gambling for money, the issue of payment security becomes a priority. The development of technology has taken casino payment systems to a new level. This has led to the emergence of cryptocurrency – a fully digital, decentralized method of online payments. Players can use cryptocurrencies as a payment method as well as choosing them as their primary currency. Security, anonymity, high transfer rate – these are the three “whales” on which cryptocurrency casinos are based.
In this article, we will review the main advantages of gambling on cryptocurrencies, discuss bitcoin casino bonuses, rules for making a deposit, withdrawal of winnings in cryptocurrency. We also prepared a rating of the best casinos with cryptocurrencies especially for you, which is constantly updated. The information will be useful for both beginners and regulars of gambling clubs on the Internet.
Best online casinos with cryptocurrency
The first casino that accepts cryptocurrency appeared in 2011. Today, there are dozens of online casinos online that accept cryptocurrency payments. Some gambling establishments offer deposits in Bitcoin, others support Litecoin, Ethereum, Ripple, etc. Our rating of crypto casinos greatly simplifies the task of choosing the right platform for safe gambling.
What is bitcoin and cryptocurrency
Before we move on to discussing the strengths of Bitcoin casinos, we suggest that you deal with the concept of “cryptocurrency”. This word is firmly embedded in the media lexicon, but its real meaning is understood by few.
A cryptocurrency is a digital asset with a certain value, for the creation of which cryptographic technology was used. An alternative digital currency exists in the virtual world. It cannot be picked up and put in a wallet like paper money. Each cryptocurrency unit is a block of information about transactions made. The blocks are assembled into one chain called a blockchain, and each new block contains information about previous transactions.
All cryptocurrency transactions are completely anonymous, which provides additional protection for each cryptocurrency owner’s assets. There are 2 main ways to get cryptocurrency: buy it with fiat (traditional) money or “mine” it with powerful equipment. The process of mining cryptocurrency is called mining. Mining results in the creation of another block of transactions.
The equal sign of “bitcoin” and “cryptocurrency” has a rational explanation. Bitcoin (BTC) was the first virtual currency that quickly gained popularity and began to dominate the cryptocurrency market.
The word “cryptocurrency” was first used by Satoshi Nakamoto. However, no one knows exactly who this person was. Perhaps it is a fictitious name or a whole group of people who created a new system of mutual settlement in 2008.
At the heart of any cryptocurrency is the concept of independence from banks and other controlling structures. Bitcoin was created to protect the user from any fraudulent actions.
How to properly use bitcoin and other cryptocurrencies
The rapid development of blockchain technology has led to an increase in the popularity of cryptocurrency casinos in 2022. According to experts, every second transaction with digital assets accounts for the gambling sphere. Altcoins are successfully used to pay for goods on a par with euros, hryvnias, etc. El Salvador became the first country in the world, where bitcoin received the status of official means of payment. In some countries in the world with bitcoin can buy a ticket, pay the bill in a cafe, etc. Some online casinos supported the initiative and implemented the deposit via crypto. Bitcoin is the most popular in the field of iGaming. When registering a player can open an account in Bitcoin (BTC) or Bitcoin Cash (BCH).
How to properly use bitcoin and other cryptocurrencies
The rapid development of blockchain technology has led to an increase in the popularity of cryptocurrency casinos in 2022. According to experts, every second transaction with digital assets accounts for the gambling sphere. Altcoins are successfully used to pay for goods on a par with euros, hryvnias, etc. El Salvador became the first country in the world, where bitcoin received the status of official means of payment. In some countries in the world with bitcoin can buy a ticket, pay the bill in a cafe, etc. Some online casinos supported the initiative and implemented the deposit via crypto. Bitcoin is the most popular in the field of iGaming. When registering a player can open an account in Bitcoin (BTC) or Bitcoin Cash (BCH).
How to choose the best bitcoin casino
Given the ever-growing range of online casinos with cryptocurrency support, it is important to choose a reliable site that adheres to all conditions of fair and responsible gaming. If you are in search of the best bitcoin casino 2022, we advise you to pay attention to the following criteria:
Official license. The best bitcoin casino must have a gambling permit issued by a reputable jurisdiction. For example, UKGC, Curacao eGaming or Malta eGaming.
Fast deposits and withdrawals. The speed of money transactions is not even discussed. All transfers should take place within minutes. If a cryptocurrency casino delays payments for more than a day, you are most likely dealing with a scam.
Support for all major cryptocurrencies. A gambling club should work with all popular assets, including Bitcoin, Ethereum and Litecoin. Support for little-known or unprofitable coins like LUNA is of little interest.
Good customer service. Digital currencies always raise questions for gamblers. It is desirable that the site had a FAQ section, as well as a live chat or phone with Russian-speaking technical support.
Profitable bonuses. Reputable bitcoin casinos always offer a pleasant encouragement to players. Among the most popular are welcome bonuses, no-deposit, reload bonuses, deposit bonuses and cashback. In addition, the player can get additional prizes for betting in cryptocurrency by taking part in the loyalty program.
Decentralization. Any online casino with cryptocurrency support must use a decentralized, open-source platform. It makes the game completely transparent and safe.
Compatibility with mobile devices. One of the basic principles of blockchain is to make payments anywhere, anytime. A good casino is adapted for mobile screens and runs on all modern smartphones.
Assortment of games. A rich catalog of bitcoin video slots is another criterion for a quality institution. In such casinos, several thousand games are available for all tastes: video slots with jackpots, baccarat, blackjack, video poker, keno, bingo, etc.
If your chosen online casino meets all of the above criteria, you can proceed to registration and depositing your account.