Have some Bitcoins that you’d like to gamble with? Fortunately, many online casinos have either started accepting Bitcoins or created casinos exclusively for Bitcoins. In fact, there are so many of them that it’s actually difficult to separate the best Bitcoin online casinos from the other ones.
Why to play casino games with Bitcoins?
- Low transaction costs.
- Instant deposits and withdrawals.
- No credit card information needed.
Bitcoin Online Casinos – FAQ
How Can I Use Bitcoins?
This guide is dedicated to online casinos that accept Bitcoin – if you’re in need of explanations on how to use Bitcoins in general, I suggest you visit sites like Bitcoin Wiki and WeUseCoins.
Are Bitcoin Casinos Safe?
Some say that Bitcoin online casinos are even more secure than traditional online casinos because they don’t require credit card information and it’s difficult to trace your bets back to you, which means that your personal information should also be safer.
What Are the Benefits of Using Bitcoin Online Casinos?
There are rarely any transaction costs (and if there are they’re minimal). This is the case for credit card deposits at most online casinos as well but usually players have to pay some sort of fee for depositing to or withdrawing money from traditional online casinos, so it’s a high likelihood that you’ll have less transaction costs at online casinos that accept Bitcoins.
Satoshibet – a popular Bitcoin casino – takes a 0.0001 BTC transaction fee which translates to about $0.063 at the moment of writing this article. That’s about as bad as it’s going to get.
Additionally, transaction speed is undoubtedly faster at Bitcoin-eligible casinos than at traditional online casinos. Bitcoin transfers to and from online casinos are processed instantly, and while credit card deposits are processed instantly as well, withdrawals take at least a few days (some casinos take months – read about fast cashout casinos) at online casinos and poker sites that accept US players. Casinos outside of the US may process withdrawals in less than a few days but none that I know of can match Bitcoin casinos when it comes to withdrawal speed.
You could also argue that casinos that can be played with Bitcoins are safer than tradtional online casinos – see the question above for reasons why.
Is There Anything That’s Missing from Bitcoin Casinos?
Bitcoin-only casinos have less games overall than traditional online casinos but they often have a lower house edge as well. Satoshibet is a good example of a casino that has less games – there are only four games (Blackjack, Roulette, CasinoWar and Lucky7 but they’re high quality games with a fair house edge).
Then there are traditional casinos that accept Bitcoin deposits such as Vera & John. They have loads of games from popular online casino networks such as NetEntertainment, Betsoft and IGT, and big progressive jackpots as well.
So you don’t have to miss anything by playing casino games with Bitcoins but that depends on which casino you choose.