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How to Play at BTC Casinos

  1. Choose the best casino

    Check out our list of the best bitcoin online casinos in the UK to find one that’s right for you. It’s always a good idea to do your research before you sign up for any online gambling platform. You want to be sure that the operator is reputable, safe, and fair.

  2. Register an account

    The first thing you need to do when you find the right bitcoin casino for you is to set up a wallet and an account. You can set up your crypto wallet within the system of the provider if you’re planning to deposit small amounts.

  3. Make the first deposit

    Once you’re all set up, the first deposit you make will be instant. If you’re depositing a large amount, it may take a bit longer to work its way through the blockchain.

  4. Play and Win!

    When you’ve got your account set up with a BTC in your wallet, start playing your favourite titles. Bitcoin casinos have table games, slots, and even sports betting platforms where you can win big.

What Are Bitcoin Casinos?

guy sitting in front of the computer searching for bitcoin payment methods in casino

Info about bitcoin
Original Author(s) Satoshi Nakamoto
Implementation(s) Bitcoin Core
Initial release 0.1.0 / 9 January 2009 (11 years ago)
Latest release 0.20.0 / 3 June 2020 (53 days ago)
Development status Active
Website bitcoin.org

Put simply, a bitcoin casino is any online gambling or sports betting platform that accepts Bitcoins. The site may also accept fiat currency alongside the digital.

Bitcoin casinos operate all around the globe, though they’re supposed to follow local laws. These casinos offer you a wide range of options for betting. There are tailor-made games and services for those of you who are seeking to use Bitcoin instead of standard currency.

In many ways, these casinos are similar to other gambling sites you can find online. On these platforms, you’ll still be able to find roulette, poker, slots, and other classic games. You can even access sports-based betting and online lotteries.

Instead of using the term Bitcoin outright, many of these operators use the word 'BTC' or 'mBTC'. The latter is a short form of 'millibitcoin', a term that represents 0.001 BTC.

Bitcoin casinos typically offer new users access to an in-house wallet. The players can transfer their BTC to that wallet to make a deposit and start playing. When they place a bet, they’ll either lose or profit.

Some casinos even have massive bitcoin jackpots. Here you stand to win a considerable sum (over 500 BTC!).

Why are Crypto Casinos so Popular?

A cryptocurrency casino is attractive to users because of its convenience and anonymity. Typically, these sites offer zero transaction fees as well as unlimited free transactions. The mentioned factors distinguish them from their counterparts that rely on standard money.

Due to fewer fees, the operating costs are significantly lower than other online casinos. Since their daily expenses are much smaller, Bitcoin gambling operators can offer a higher number of attractive jackpots and additional bonuses.

Another significant reason why these casinos are so popular is that profits and losses aren’t taxable, which is very attractive for many UK gamblers.

Pros and Cons of Playing in Bitcoin Casinos

advantages and disadvantages visualisationThe number of online casinos that accept Bitcoin is growing. As the market expands, players can play more and more of their favourite games by depositing crypto. However, some gambling enthusiasts remain sceptical.

As with anything, there are advantages and disadvantages to playing a UK bitcoin casino. If you’re still hesitant to get started, read on to learn more about crypto casino pros and cons.

Advantages

The first plus is that Bitcoin casinos offer privacy for both owners and players. Since this currency uses blockchain technology, it means that no third party ever can have access to your information. All transactions are private and secure.

Also, you will never encounter the chargeback issues that are typically associated with credit cards.

Another advantage is for people who live in areas of the world where gambling is restricted. As a result of a grey legal landscape, some banks don’t allow processing of transactions to and from gambling sites. For these players, Bitcoin is a reliable option.

The speed is another attractive characteristic of Bitcoin casinos. Deposits and withdrawals are instant, in contrast to other payment options, where these transactions can take up to a few days.

Finally, because no country has recognized Bitcoin as a real-money currency, it’s not subject to taxation. There are no fees associated, and you never have to reveal your identity. What you win is yours to keep.

Disadvantages

There are a few downsides that you should take into consideration before playing at a UK Bitcoin casino. These operators don’t have to hold a gambling licence from a jurisdiction, which can lead to scam online casinos.

A second drawback is that BTC is highly volatile. You might know that its exchange rate often fluctuates and drastically. It can work in your favour one day and cause you losses on the next.

  • plus icon

    Pros

    • Anonymity, privacy, and security
    • Convenient and fast transaction times
    • No fees
    • Tax-free
  • minus icon

    Cons

    • Many Bitcoin casinos are not licensed
    • A highly volatile currency

FAQ

? How do I trust a BTC casino?

We always ensure that operators are fair, safe, and reputable before we recommend them to players. By reading reviews and hearing from other players, you can ensure that the casino you're signing up for isn't a scam.

? Is there a limit on how much crypto I can bet?

Yes. Betting limits vary from casino to casino. You can check specific restrictions for the different games that you choose to play.

? How fair is a crypto casino?

As with other online gambling sites, BTC gambling operators use RNGs to ensure that your gameplay is fair and random. All the transactions are public in the crypto world, and everything is code-based. So, there is no chance of human interference. Thus, BTC provides “provably fair” games on all platforms.