A vast majority of people today think Bitcoin when they hear the phrase “digital currency”. Bitcoin, of course isn’t the only such currency, but it is definitely the most popular one. A lot of goods and services online can be bought with Bitcoin and many of the people who were initial skeptical in respect to cryptocurrencies and Bitcoin in general, are now becoming much more accepting. Seen as it is of the online industries that grew rapidly in the past few years, one can hardly be surprised that online casinos started accepting Bitcoins as a currency that can be used. Here we are dedicated to providing all the useful and necessary information to all who wish to play online casino games and use Bitcoins as a currency, or simply want to know more on this topic.
Despite the fact that Bitcoin casinos are a fairly recent phenomenon, the competition is more the fierce. There are a lot of companies associated with online casino gaming that saw the potential in Bitcoin and decided to combine the two popular trends and create the Bitcoin casinos. Since the demand is growing, each of the casinos is trying to attract as many new players as possible, whilst keeping its regulars. It can be a bit confusing, especially for players who are new to all this and that’s why we’re here, providing you all the necessary information concerning Bitcoin casinos and gaming.
The results of our research and through scanning of Bitcoin casinos are presented to you in a clear and comprehensible manner. There is a number of specific criteria that, if assessed rightly, will enable you to establish which casino would be exactly what you’re looking for.
What distinguishes a Bitcoin Casino from a normal online casino?
First things first, though. Let’s see what the difference between regular online casinos and Bitcoin casinos is. We think of online casinos as a substitute for traditional, land-based casinos. Well, maybe it’s best to think of Bitcoin casinos as an alteration of the other real money online casinos.
Basically, there is no actual different between the online casinos that accept wagers in traditional currencies such as American dollars, and Bitcoin casinos. Since are a more recent phenomenon, some of them might have fewer games in comparison to other online casinos, but even that doesn’t have to be the case necessarily.
The Advantages of playing with Bitcoins
Why would you like to play with Bitcoins when there are online casinos that accept regular, traditional currency? Well, there are number of reasons. Firstly, legally Bitcoin is not considered to be currency in the traditional sense of the word. This means that gaming with Bitcoin doesn’t have the same status as gaming with real money, therefore, it is not illegal to wager Bitcoin, even if online casino gaming is otherwise illegal. Bearing in mind the relaxed situation from a legal point of view, becomes clearer why many players, especially from the USA, choose Bitcoin gaming over traditional online casino gaming.
In addition, if you have somehow earned a few milli-Bitcoins and you like to try your luck, it is smarter to find a Bitcoin casino, instead of exchanging them for real currency first. The legal situation also means that companies that provide online bitcoin gaming don’t have to pay the same amount of tax as online casinos, so therefore more money can go to the prize pools and the pay-out odds are a bit better.
Bonus offers from Bitcoin Casinos
Knowing that Bitcoin casinos are on the rise and that in one crucial aspect they have an advantage over non-Bitcoin online casinos, one shouldn’t be surprised by the fact that offering lucrative online bonuses is one of the main ways to attract new players. They can afford to be more generous, and they need to extend their fan base, of course they are going to offer lots of bonuses.
The welcome bonus offer works in the same way as it does in regular online casinos. You get a match on the bonus that you deposit. And if traditionally that match is a sum equal with the one you deposited, at btc casinos it often is 150%. So, if you deposit 2 Bitcoins, you would get additional 3 as a bonus. Be careful with Bitcoins, because even if 5 Bitcoins doesn’t sound like a lot of money, after all it’s only five, the value in US dollars may be $1,500 or even more, depending on the exchange rate on the day in question. Another thing that you should be aware of is that there’s usually a wagering requirement that has to be met before you are allowed to withdraw the winnings from the bonus amount.
Our Rating Criteria
The purpose of this site is to test the performances and evaluate the advantages and disadvantages of various Bitcoin casinos. For that purpose we have developed a set of criteria that should be taken in consideration before reaching a decision on a certain casinos. The criteria are listed and explained thoroughly in the follow-up of this article.
Software and Platform
The platform and the software is one of the key indicators of the quality of a Bitcoin casino, or any casino for that matter. Software that’s developed by one of the leading companies in the industry will surely be a sign of quality. The better the platform, the more user-friendly the casino is. And user-friendliness is one of the key factors that players take into consideration.
Nowadays we want to be able to use our phones and tablets for things that we often did exclusively on our computers. Online gaming is no exception. No casino can claim to be attractive and of high quality, without providing a mobile app, or mobile-optimized website. If the casino has a mobile version, you shouldn’t expect all games to be available, although you will have the chance to play the most popular games in mobile version as well.
For most players it boils down to the selection of games that is available. Of course, you would expect more than few slots to be offered. In fact, why not make it few hundred?! In addition, it has to have traditional casino games like roulette and blackjack. Typically, poker games are very popular among Bitcoin casino fans. It would be even better if live casino games are included in the game selection, especially live roulette and live blackjack. Don’t worry, though, because the people who run Bitcoin casinos realize that the selection of games is very important and they introduce new games on a regular basis. It won’t be long before they are on a pair with regular online casinos.
Whereas with other online casinos you might have a dilemma which payment method to choose, with Bitcoin casinos there’s no such problem. Clearly, all the deposits and withdrawals are in Bitcoin, which means that the deposits will be done practically instantly. Usually, Bitcoin casinos would require less personal information from their players. The withdrawal process is not as fast, since all payments have to be checked before they can be processed, but this is the case with all withdrawals in general, not just Bitcoin withdrawals.
Minimum and Maximum Deposit
Just like other casino, Bitcoin casinos have minimum and maximum deposit limits. The amounts may vary. In addition, you should always take into account that the relative value of Bitcoins in comparison with traditional currencies like the US dollar may change significantly in a quite short amount of time and that a single Bitcoin can be worth few hundreds of dollars.
Any issues that you have with Bitcoin casino gaming should be addressed to the customer support team of the casino in question. By providing good customer support, a casino builds and fortifies the relation with its customers, i.e. the players. In short, the more customer support options it provides and the more responsive its staff is, the higher it ranks on the customer support scale.
Deposit Bonuses and Promotions
We already mentioned bonuses and promotions. In short, casinos that offer a higher amount of Bitcoins per player and have favorable terms and conditions are rated better. It is pretty self-explanatory really.
Bitcoin Casinos: Background information
And in the end, we always check the background of a casino. By this we mean that we always check what company is behind a casino, and what its reputation is, does it have significant experience in the field, how reliable it is, how well it does on the stock market, etc. In combination with the rest of the gather data, this gives a complete picture of the reliability of a casino site.
Evaluating a Bitcoin casino isn’t an easy task. After each casino is evaluated in its own right, then we compare casinos against each other and that allows us to rank them accordingly and give our readers the full story when it comes to gambling sites that accept bitcoins.