Best Bitcoin Casinos & Crypto Gambling Sites
Welcome to Online Casino Awards and our section of Bitcoin gambling establishments and the only resource you need for quality online Bitcoin casinos.
In the past few years, cryptocurrencies have taken over the digital world and now there is more choice and more variety than ever. There are so many options for casinos, bonuses, and games, how can you choose where to spend your time and money?
Here’s where Online Casino Awards comes in. Online Casino Awards provides all the information you need about cryptocurrency gambling and the best places to play online. This will help you make better and more informed decisions.
Bitcoin Casinos Bonuses Explained
Welcome Bonus
Online casinos have long used a welcome bonus to attract new players. These bonuses are often offered in the form a match deposit bonus and encourage you to make large deposits and spend time at the casino, playing and learning about its features.
No Deposit Bonus
No deposit bonuses are exactly what they sound like. Online casinos allow you to sign up and receive bonus cash, without having to deposit any money. These bonuses offer a variety of amounts and are usually tied to fiat currency sums rather than cryptocurrencies.
Free Spins Bonuses
The most popular and varied free spins bonuses in online casino are among the most widely used. You can offer a free spin bonus in addition to your welcome bonus, or in lieu thereof. These spins can be very small in value, but they are often a lot.
Bitcoin Casinos: Frequently Asked Questions
Withdraw Time With Bitcoins
If the payment is made immediately, bitcoin transactions can be done instantly. However, this is not always true.
Once you withdraw, your payment will be placed in pending status. During this time, the casino will perform some checks. It may take up to an hour, or it could even last several days. The coins should be in your wallet within seconds after the verification period is finished.
Minimum & Maximum Payout Amounts
While payouts vary from one casino to the next, generally speaking, Bitcoin casinos offer much higher payouts. This is because these casinos are geared towards the high-roller market. Low limits are also possible due to the unlimited nature of Bitcoins.
Most casinos have limits, even though they advertise as unlimited. They are not difficult to find. These limits can be seen in our Bitcoin casino reviews. This information can be found in the terms and conditions of the casino.
Are Bitcoin Casinos open to other payment methods?
Most Bitcoin casinos have been using Bitcoin currency since the early days it was adopted and accepted online. They only accepted digital currency players at the time while also capitalising on the market. The iGaming sector was divided, with one side acknowledging the future of digital currency while the others have ignored it completely.
Many Bitcoin casinos now accept other payment methods. There has also been an increase in traditional payment method casinos now accepting cryptocurrencies.
Are Bitcoin Casinos licensed and regulated?
It all depends on the casino. The majority of the time, yes. To operate legally, a casino must be regulated by an authority.
Many casinos can skirt these rules due to the ease-of use and accessibility of Bitcoins. They might use unregulated proprietary games to scam you. These sites are extremely rare and are normally very easy to spot.
Look for the regulatory badge and make sure it has an SSL. Also, look out for major gaming providers such as Microgaming, NetEnt, Playtech and BTG.
Can I deposit with Bitcoins, and withdraw with something else?
Many casinos prohibit you from withdrawing using a different payment method than the one you used for your deposit.
They aren’t doing this to make your life more difficult. It is a standard anti-fraud and counter-money laundering feature. Casinos avoid this by keeping withdrawals to the exact same as your deposit method.
While there are exceptions, most people should withdraw using the same deposit method they used.
Are Bitcoin Casinos Charged for Transactions?
As they don’t charge any fees for using Bitcoin, casinos shouldn’t be charging you. Some casinos charge for repeated withdrawals.
Many casinos allow you to withdraw one time for free within a certain period of time (usually 24 hours or 48 hours). You will be charged a fee if you withdraw more money during that period. This fee is often a percentage of the withdrawal.
Are Bitcoin Casinos Safe?
In recent years, Bitcoins and crypto currencies in general have received a lot of negative attention. This is because they go against the grain and get under the skin of the governments and banks. Bitcoin and other crypto currencies have also been used for illegal purposes in the past because of how easy it is to use and the fact many crypto currencies are anonymous.
As we mentioned above the Bitcoin casinos listed here at Online Casino Awards are verified, safe and are all fully licensed.
Bitcoins: Are they the best method to make casino payments?
Many players would say yes. However, there are too many variables at work here. It all boils down to the payment method you prefer and your casino playing style.
You won’t find anything better if you value speed and anonymity. A web wallet or debit card will be more convenient if you need something centralised and linked to your bank account.
What happens if the payment fails?
You can’t contact the provider, unlike PayPal, if your Bitcoin transaction is unsuccessful.
Contact the exchange where you are buying the coins if you have difficulty purchasing them. Contact the casino if you have any problems withdrawing your funds. As long as you have the correct information, it shouldn’t be a problem with your deposit. It’s easy to follow and it is usually a quick process.
Can You Use Other Crypto Currencies?
Bitcoin was the first cryptocurrency. Although it is the largest cryptocurrency and one that online casinos use most often, it is far from the only digital currency in online gambling.
You can also use currencies such as Ripple, Litecoin, Cardano, and Ethereum. They all work the same and can be bought from exchanges. However, they have different values and are built on slightly different infrastructures.
Can Bitcoins be used elsewhere?
Bitcoins can also be used at online gambling sites, online casinos and online retailers. They can also be used as an investment tool. These coins are limited in number and experts believe that Bitcoins will eventually be worth hundreds of thousands of US dollars each.
It is possible that it will not happen. That’s the problem of all investments. Bitcoins are a great payment option for those who want to be able to buy many services and products, and convert into many other currencies.
