A Comprehensive Guide To Bitcoin Casinos

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A Comprehensive Guide To Bitcoin Casinos
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Introduction

Cryptocurrency exchanges rose to fame with the rising popularity of Bitcoin, so did the infamous yet incredibly popular Bitcoin casinos. These are the latest rage of the crypto world, with investors pouring in to stake their fortunes in BTC with the hopes of winning more wealth.

Even though it is wiser to play safe by taking part in day trading and general investments, the excitement of gambling has lured thousands of investors into the best of these casinos.

So, what are you waiting for? Ditch the anxiety and roll the dice at the best Bitcoin casino to rake in a fortune at the stakes.

What is a Bitcoin casino?

A Bitcoin casino refers to the online casino or agency for sports betting that allows gambling Bitcoin, either alongside fiat currencies or in preference. Recently, several large-scale casinos have been established and all of them offer a curated list of services and games. The individual who seeks to conduct gambling in Bitcoin partakes in the games to win or lose the stakes.

Bitcoin casinos not only offer the services of a traditional gambling platform like roulette games but provide other services too like spread betting, online lotteries, Bitcoin bookmaking, and sports betting in Bitcoin.

Why is Bitcoin gamble so popular among crypto enthusiasts?

Bitcoin gambling has been one of the most popular activities among crypto enthusiasts since 2012. The online arena of gaming with a huge array of BTC casinos, that allow gambling in Bitcoin, Bitcoin Cash, Ripple, Litecoin, and Ethereum over USD, British pounds, Japanese yen, South African rands, Euros, and other fiat currencies. Here are some of the reasons why gambling with Bitcoin is so popular.

1. Bitcoin gambling is private

Bitcoin transactions take place over the Blockchain network that is decentralized in nature, which means that the BTC value can be transferred between nodes without the need for a third party. BTC transactions at the gambling platform are fully secure, private, and anonymous. The gambler can simply stake his purchased or mined BTC for transferring value to the Bitcoin address of the online casino to play the gambling games.

The only identifying criterion of the player is the Bitcoin address which ensures complete anonymity. Anonymity is one of the reasons why the casino is so popular as traditional gambling platforms require the gambler to submit sensitive identification information.

2. Bitcoin gambling is thoroughly entertaining

There is no doubt that Bitcoin is the latest fad, and Bitcoin gaming the most unique, and lucrative opportunities of entertainment. When the price of Bitcoin skyrocketed to $20,000 per unit BTC, thousands of enthusiastic Bitcoin investors swarmed into the BTC gambling platforms to rake in more profits through Bitcoin gambling.

The gambler no longer needs to depend on conventional financial systems and overpriced banks to have fun at the casino. The all-new BTC casino places the charge upon the Bitcoin gambler when it comes to making deposits and withdrawals which is highly convenient too.

3. Rake in generous Bitcoin bonuses at the casinos

The online Bitcoin casinos operate on state-of-the-art feature-rich platforms and offer a host of exciting options like leader-board challenges, blackjack games, roulette games, and interactive slots for Bitcoin gambling.

The most thrilling is the live Bitcoin casino live dealer games that feature a live dealer dealing out the stakes in real-time. Taking part in the live games is the most exciting and lucrative as the players get rewards in Bitcoin. The opportunity of a fair share of BTC getting credited to the bankroll in the forms of multi-deposit bonuses, free spins, deposit bonuses, and more, is tempting indeed.

4. Geolocation-based restrictions are no longer an issue with Bitcoin gambling

When it comes to traditional casinos, different geographic borders have different rules and regulations. However, a BTC gambling platform can avoid such regulatory constraints and operate smoothly to cater to the gamblers at any hour of the day and in any place under the Sun.

What are the top-ranking Bitcoin casinos?

The best BTC casinos are listed below. Go through the brief review and do thorough research too before investing your Bitcoin funds in the best Bitcoin casino.

1. Bitstarz

Best Bitcoin casinos - BitstarzBest Bitcoin casinos – Bitstarz

Bitstarz is one of the most popular BTC casinos right now. The Curacao and Direx N. V authorities regulate the transactions. This gambling house offers over two thousand different games of topnotch entertainment but does not permit sports betting. Recently, Bitstarz has begun promotion of offering first deposit bonuses of 150% to the readers of 99Bitcoins. It accepts multiple fiat and cryptocurrencies. Sign up with Bitstarz to get 500 Euros or 5 BTC and 180 free spins as welcome package bonuses and extra free spins too.

2. FortuneJack

FortuneJack is not only popular but trustworthy too. The Curacao government and Antillephone N. V regulates the transactions of FortuneJack as well. Sign up with FortuneJack to gamble Bitcoin at more than five hundred entertaining games. This Bitcoin gambling platform accepts BTC, Dash, Dogecoin, Litecoin, and many more. The support system is excellent and the whopping first deposit bonus is 110% up to 1. 5 BTC is quite lucrative. Register for free and receive 25 free spins and a generous welcome package of 5 BTC.

3. 7Bit Casino

Sign up with 7Bit Casino, regulated by Direx N.V and Curacao authorities, for the jaw-dropping bonuses, an exciting variety of games, and fast deposits and withdrawals. The newly registered players receive 200 free spins and bonuses of about 1.5 BTC. The provably fair games include live table games, jackpot games, and slots. The gamblers can make deposits in BTC, Litecoin, Dogecoin, Ethereum, and fiat currencies as well to take part in the games.

4. CloudBet

CloudBet’s casino gamesCloudBet’s casino games

Licensed and regulated by E-Gambling Montenegro, CloudBet offers exciting casino games like Bitcoin slots, baccarat, blackjack, and roulette. The live casino at CloudBet offers real-life and authentic gambling experience too with fast deposits and withdrawals. The site offers a generous deposit bonus of 100% up to 5 BTC or 5 ETH and 80 free spins. CloudBet also offers live sports betting.

5. BitCasino

Established in 2014, BitCasino supplies more than 2300 different types of exciting casino games. Besides the generous loyalty rewards, BitCasino offers bonuses and promotions every week. The deposits and withdrawals are fast and easy too. Become a member of the Loyalty Club to earn 100 free spins or more.

6. King Billy

Founded in 2017, the hybrid King Billy casino conducts gambling in BTC as well as fiat currencies. This Bitcoin casino features more than 3500 exciting casino games that include over 2500 gaming slots. The first deposit is a 100% bonus up to 1 BTC and more than 100 free spins. The deposit bonuses are pretty attractive and the wagering requirement is affordable too. King Billy is licensed and regulated by Curacao Antillephone N.V authority and its operations are run by Direx N.V.

7. Betcoin.ag

Sign up with Betcoin.ag to get access to a broad range of online gambling games and services in Bitcoin and other cryptocurrencies. The innovative entertainment includes online casino games, live dealer games, video poker, sports betting, and virtual games such as horse racing, and more. The free deposit bonus is 100% bonus up to 1 BTC and the player gets ten free spins too and the bonus total is 3 BTC and 12 free spins.

8. BetChain

BetChain CasinoBetChain Casino

Established in 2013, BetChain has the most impressive selection of online casino games paired with lucrative deposit bonuses. Regulated by Direx N.V and Curacao, BetChain allows online gambling in BTC, Bitcoin Cash, Dogecoin, Litecoin, Tether, and Ethereum.

The first deposit bonus is a 150% bonus up to 1 BTC, and the player is offered 200 free spins. You can make a monthly deposit at least once to receive up to 50 free spins. The casino offers several provably fair games along with 210 jackpot slots and 2346 casino games.

9. CryptoWild

The fast and user-friendly gaming platform of CryptoWild attracts players from all over the world who come to take part in more than a thousand exciting casino games. The first deposit bonus is 200% for up to 1 Bitcoin, and players are offered with 150 free spins. The bonus total is 4 BTC and 150 free spins. CryptoWild supports gambling in BTC, Tether, Bitcoin Cash, Dogecoin, Litecoin, and Ethereum.

10. Bitcoin Penguin

With 11 casino providers and 550 gambling games, Bitcoin Penguin, is a top favorite among hundreds of players, owing to its modern appeal and fast lobby. The first deposit bonus is 150% for up to 0.2 BTC with 40 free spins. Play games such as Aztec Magic Deluxe or Platinum Lightning to get 25 free spins. Although the bonus is somewhat nominal, the cashback deals are profitable enough to make up for the modest bonuses.

Are Bitcoin casinos legit?

If you are thinking about signing up with a Bitcoin gambling house, then the first thing to do is to check its legitimacy. Begin with going through the certification and accreditation of the gambling platform.

Bitcoin casinos and UK

If the casino is in the UK then make sure that it is licensed and regulated by the UK Gambling Commission.

This Commission tests out every gambling house before granting operations. If the gambling house does not have an authentic license like a Direx N.V license etc, then do not invest your funds in it, as it is not legit at all.

Here are three important things to check for the legitimacy of a BTC casino:

  • Authentic license from regulatory authorities
  • Certification from security and encryption services
  • Links to certified gaming agencies

Bitcoin casinos and USA

This might sound like a mood dampener, but the operation of BTC casinos is not legal in the USA and several parts of the world because of the very nature of Bitcoin, and the challenges of BTC transactions.

Most of the legit BTC casinos operate beyond the boundaries of the US. Gamblers from all over the world, including those from the US, register and play in the Bitcoin casinos anonymously to avoid legal issues.

Some of the reputed gambling jurisdictions of BTC casinos are Isle of Man and Curacao. These authorities issue authentic licenses to online casinos that allow gambling in Bitcoin. After issuing the license, the licensing authority shoulders the responsibility of the supervision of the gambling house website and its transactions.

The gambling platform adheres to the provisions of the license document and renders a safe and financially secure environment for the gambler. It is mandatory for the casino to apply for a license as without a license the casino will not have the legal power to process Bitcoin payments or use the gaming software and content of the top-ranking casino software providers.

Players who seek to register with online crypto casinos make sure that the casino is licensed to an authentic regulatory authority and has undergone audit testing from independent agencies.

How do you start a Bitcoin Casino?

If you are seeking to start the best cryptocurrency casino, the first thing that you should do is think about the amount of money that you need to establish a gambling house. Launching a Bitcoin gambling house as a start-up is an incredibly lucrative business venture. Check out the easy and innovative steps of setting it up.

Step 1: Analysis of the market

Study the market statistics to develop a step-by-step business strategy for the operation of the casino. There are two broad types of crypto casino. These include platforms that employ Bitcoin software at par with other payment systems and platforms that only accept cryptocurrency payments.

Step 2: Choose the way of launching the casino

Generally, there are four ways of establishing the best Bitcoin casino. Select the most effective way to launch the casino.

Establish the gambling platform from scratch

This option is the most energy-intensive and expensive of all. The establishment of a cryptocurrency casino from the very beginning involves extensive market research, resource promotion, software purchase, and website development.

If you are not experienced in casino gaming, then this method will not be an effective approach for you. It is so expensive that buying ready-made products from contractors is a better option.

White label program

The White label program is practical and cost-effective for launching a Bitcoin gambling platform. You have to purchase the ready-made website and then configure it according to your gaming preferences.

This approach is easy but the excessive reliance on the corporate parent often proves to be a drawback. The operator of the gambling house has to adhere to the agreement and cannot make any modifications nor control the returns.

Bitcoin casino script

The Bitcoin casino script is the most popular and simplest approach, although not necessarily effective. When you buy a script for operating a casino, you receive an unfinished code from the seller. Prepare for organizing the site and processing software integration before launching the casino. However, this is the cheapest option for establishing a cryptocurrency casino.

Bitcoin casino turnkey

The Bitcoin casino turnkey is an exclusive product that can maximize profits from the BTC casino. The turnkey offers excellent services for the development of casino projects of almost any complexity.

All that you need to do is provide the preferred parameters of the casino website, and then every action will be performed by expert professionals for the establishment of the Bitcoin gambling house.

The services provided by the turnkey include exclusive website design, licensed content, well-structured CMS system, integration of Bitcoin software, excellent legal and technical support, multi-layered data security systems, and effective tools for business development.

Step 3: Buy the BTC casino software solutions

You need to incorporate top quality casino gaming content to rake in good profits from the Bitcoin betting house. There is a wide variety of software available in the market. Choose from the following options or explore the market for more:

Novomatic

This software is incredibly popular because of its high speed of operation, attractive graphics decisions, high reliability, and interesting storylines that attract thousands of gamblers.

PlayTech

PlayTech is one of the titans of the cryptocurrency gambling industry. It not only offers excellent gaming content but provides platforms for the establishment of the casino as well. PlayTech also has its live broadcasting studio.

Amatic

Amatic has been dominating the industry for over two decades now because it specialized in offering software for land-based locations as well as online platforms. The portfolio of Amatic includes an impressive range of video poker, table games, and video slots.

Igrosoft

The gaming slots of Igrosoft are charming beyond imagination. Igrosoft became a part of the Network games to attract a wide range of audiences including fans of land-based BTC casinos and players who prefer to play at the online sites irrespective of location. Igrosoft is rich in gaming content with an amazing variety of gaming opportunities and stories.

Mega Jack

Mega Jack ranks among the globally famous gaming software with fascinating graphics, innovative storylines, and a broad range of user-defined functions.

Microgaming

Micro-gaming software includes over a thousand video slots that are unique combinations of innovative storylines, good payouts, functionality, and simplicity. The latest development of the software includes the incorporation of three-dimensional graphics which make the Bitcoin casino games appeal to the players more strongly.

Step 4: Promotion of the BTC casino projects

Marketing of online casinos is not enough, and so the promotion of the cryptocurrency casino project has to include several aspects like establishing positive brand awareness, attracting thousands of customers by exciting offers of discounts, promotions, and bonuses, and so forth.

The primary objective of marketing is to enhance the profitability of the casino. If you are creating the BTC casino from scratch, then you will have to deal with traffic attraction, optimization principles, and more, which may seem to be a tad too challenging.

If you resort to a turnkey instead, then you can employ experienced and professional SEO experts and marketers to do the job of promoting your casino most successfully.

The solution providers employ a variety of tools and technologies to promote the casino project at minimal time and reduced costs. Co-operating with experts is the most suitable alternative to the self-promotion of the project.

Step 5: Rake in the profits

The establishment of the Bitcoin casino is more profitable than the mere development of traditional gambling platforms. Statistics reveal that online casinos account for approximately $47 billion of the entire turnover of the gambling industry.

Almost 40% of the gambling platforms support and accept payments in Bitcoin. The reasons why you can make more profits from a cryptocurrency casino are as follows:

Privacy

In a traditional gambling platform, the player has to provide a lot of sensitive information such as his bank account details, passport number, and so on. Accidental leakage of this information can be damaging indeed.

At a BTC casino, the registration process is hassle-free and simple. The user does not need to provide any confidential information either. One can open an account at the casino with only his Bitcoin wallet address and password.

Minimum rates

There is no material representation of cryptocurrency and it can be divided into fractions as well. The gambler can replenish his game by making a deposit as low as $0.0001 and still make an unlimited number of betting moves.

Guarantee of monetary security

If the authority of a traditional casino notices any suspicious or illegal activity then it moves to remove the gambler’s account and the funds of that account become the property of the casino. Such a thing will never happen in a cryptocurrency casino. The gambler has sole access to his funds that can never be taken away from him by the casino.

No commission

Bitcoin transactions do not require any intermediary. As such the gambler does not have to pay any commission fee at the casino for deposits and withdrawals.

Bright prospects of growth

The Bitcoin casino is not only competitive but also teeming with lucrative opportunities in the gambling industry. With a constant scope of improvement in the quality of services and effective management tools, developers of BTC casino can dedicate more time and energy to the casino project to attract more customers and reap heavy profits.

How does the BTC casino operate?

The heart and soul of the Bitcoin casino is its software. The best casinos that have wide user-bases operate with their own highly advanced gaming software that the casino owner develops on his own to run the projects. The smaller casinos depend on rented or purchased software but these too run unique gaming content and offer an impressive range of entertainment.

The software executes and runs the casino games without human intervention. If the casino game involves human players, then the software acts as a table dealer to conduct the game. Due to the complete electronic nature of the games, the casinos often face the challenge of convincing the players of fairness of operations and results.

Most of the best casinos seek to establish trust and good faith by disclosing the working pattern of the software and its algorithm to the players. When it comes to a BTC casino, the most popular game is poker, although a variety of popular games, lotteries, and other forms of entertainment also exist.

How does the operation of BTC casinos affect Bitcoin transactions?

As sufficient information is not available, it is somewhat challenging to estimate the impact of Bitcoin casinos on Bitcoin transactions all over the world. However, the launch of the casino SatoshiDice.com had boosted the number of daily transactions by fivefold, which is fascinating indeed. The exponential rise in casino transactions is a profitable sign for the Bitcoin market.

Conclusion

Keeping the ethical debate on gambling aside, Bitcoin casino is indeed one of the most profitable activities now. Despite the challenges and complexity, Bitcoin gambling at a gambling house is pretty popular now.

However, it is imperative to choose an online betting platform that is legit, trustworthy, and safe. Do a thorough research and check the legitimacy before registering with the casinos that offer at least 5 BTC as a bonus. Keep the risks of Bitcoin gaming and gambling in mind while betting over games and sports at the gambling house.

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