The best bitcoin online casinos

A new era of virtual monetary transactions has definitely started with the invention of Bitcoins to which it should go in this article. We show how to use this currency, which only virtually exists best for gambling on game platforms in the network.

We also show that Best Bitcoin Casino for Indian talking user, as well as the possibly extremely Interesting bonus offers, which you can claim if you choose Bitcoin slots.

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The crypto currency of the first hour: Bitcoin

If you want to report about a virtual payment, you will not be over at Bitcoin. The so-called fiat money (money that is created from nothing) is currently the most traded crypto currency. It can not be reprinted or regulated by governments for all other currencies, reprinted or is thus inflationally. Overall, there is a maximum of 21 million Bitcoin, which, however, - similar to gold - can be shamed.

So it's no wonder that there has been a kind of gold rush mood with Bitcoins in recent years. Bitcoin trading on the exchange has seen an explosive surge, causing some Bitcoin pioneers to become millionaires overnight.

Also in Online Casinoswho are inherently open to virtual innovations, there is often Bitcoin to choose from as a means of payment. We took a closer look at the advantages and disadvantages of this cryptocurrency when paying on gambling portals.

Depositing and withdrawing with Bitcoin in online casinos

Since Bitcoin is not a payment method but a currency, you need to make sure beforehand that your favorite casino also accepts this currency. If you cannot find an answer directly on the relevant page or via the FAQ section, ask the casino's customer support. Modern gambling portals usually do not block themselves from the cryptocurrency.

If you want to pay with bitcoin, but you should pay attention to a few things. We have gathered the most important points for you.

Do I have to open an account for Bitcoin?

Not really. At least not in the traditional sense with a bank. In order to collect bitcoins, however, you need a storage medium called wallets. These are real or virtual wallets into which you transfer the keys (quasi activation codes) for your Bitcoins. Without these key retention systems, you will not be able to receive, store or withdraw bitcoins. In short: You can't avoid a Bitcoin wallet.

But what are Wallets exactly?

The wallets can be "real" hardware wallets. These are memory sticks that collect their bitcoins and represent the safest variant. On the other hand, you can store your keys in so-called "Hot Wallets". These are digital platforms that secure your keys as in a banker. There are both websites and practical apps, depending on the provider.

Bitcoin wallet provider (selection):

Hot Wallets Hardware-Wallets
eToro Safe
world KeepKey
CoinOmi It ’s S
MyEtherWallet

Charging the player account with Bitcoin

If the currency is accepted in your online casino, you will usually be guided through the individual steps on how to pay with the cryptocurrency. In most cases this works via a deposit address that you have to enter in your wallet. Here are the usual steps at a glance:

  1. Select the currency Bitcoins in the payment area of the portal.
  2. The online casino forwards you to your wallet (via Link or QR code). There you must specify a code specified by the casino: the deposit address.
  3. In your wallet, select the amount you want to send to your player account and send it off.
  4. If the bitcoins are transferred to your player account, you can start playing.

In some online casinos, for example at Bitcasino.io, you can also deposit via credit card from Euro in Bitcoin. However, mostly credit card fees emerge, which are dependent on the bank, which you use. For the transfer of Bitcoins, Bitcoin Network fees will be charged, the senders and receivers accept equal shares. How high you are, the bitcoin network is updated regularly. At the time of the report, it was 1% of the transfer amount when using external customer roller.

Withdrawals with Bitcoin

Withdrawing with this currency is usually just as easy as making a deposit. Here, too, you need to enter the wallet address so that Bitcoins can be sent to you. These are then stored in your respective wallet. Since a transaction with Bitcoin was made here, network fees are incurred on both sides again. The online casinos themselves do not charge any fees for withdrawals with Bitcoin.

However, players who are looking for anonymity must be said that due to the strict money laundering, every EU-licensed casino will perform an identity check for a disbursement. At the latest then a player has to be recognized.

fees

Why are there fees for a cryptocurrency if no banks are involved? Well, bitcoins are mined. This means that they are calculated by so-called “miners”. These miners, private individuals or companies, need electricity and storage capacity on their computers for this. The fee pays them. Compared to bank fees, however, this is negligible. Miners mainly earn from the sale of their mined Bitcoins. The fee that you as a customer pay during a Bitcoin trade is received by the Bitcoin network, which in turn forwards it to the miners.

Can Bitcoin also be used on the move?

Bitcoin is made for online payments. As long as you have access to the internet and your Bitcoin storage space, you can theoretically pay for anything with the international currency. Especially with the hot wallet providers, who not only offer virtual bank lockers for storing your keys, but also practical apps, it is possible to pay quickly and without high fees on the go.

Bonus offers for Bitcoin

Since the currency is currently generating high profits on the stock exchange, it is worthwhile for online casinos for customers to pay with Bitcoin, because the exchange rate could be cheap for them. And if something is worthwhile for gambling halls, bonuses as an incentive are not far away. Paying with Bitcoins is therefore rewarded with bonus offers in some virtual casinos.

For example, at the time of our review, there were offers from BitStarz Casino, mBit Casino and CryptoWild Casino that ranged from 50% to 200% on the first deposit. That corresponded to a bonus of up to 5 bitcoins. So-called crypto casinos, which specialize in this currency, advertise such bonuses. However, as always, it is worth asking about promotions for this currency in your preferred gambling hall. However, please also note the wagering requirements that always come with such promotions.

For info: A bitcoin currently corresponds to € 11,426.95. (Status 10.07.2019)

How safe is Bitcoin?

Bitcoin is considered the currency that offers the highest form of anonymity. The reason for this is that bitcoin payments go to pseudonyms addresses. As a result, theoretically, every money can be received without pricing its personal details. In the fight against crime, this currency for many governments is accordingly a mandrel in mind.

But of course, through the high anonymity, many advantages can be found on the customer side. The payment system does not require bank account details in casinos. All payments are made directly by Casino Wallet to customer wallet or vice versa.

Since bitcoin, simplified, is a very specific code that needs to be verified by a network of miners, the currency can only be used online. Due to the so-called "blockchain", a kind of digital register, the transaction is recorded. The system that is quite complicated for the layman offers a payment base safe for online businesses and is basically no different than any other currency that needs to be transfers digitally.

Vulnerabilities are relatively small when paying in online casinos. Attack area offers the storage of Bitcoins rather. If you use a hardware wallet, it can be stolen like a wallet. The bitcoins are then gone. To avoid this case, an external online fuse via Hot Wallet is recommended. The companies offer additional protection against data theft through their own security systems.

Worth knowing about Bitcoin

Bitcoin was founded in 2009 as a currency. According to The Bitcoin Foundation, the inventor is called Satoshi Nakamoto, the name to judge a Japanese. Various sources on the Internet assert that the American IT Forensician Dave Kleiman could stand behind the invention. However, he has died in 2013 without comment. To date is controversial, who could be the mysterious Mr. or Mrs. Nakamoto. However, Bitcoin has begun his victory train to the stock market since then and is still increasingly accepted by internet merchants worldwide.

Information about Bitcoin
Company name
Headquarters
Industry currency
website
regulation unregulated
founding 2009
founder Satoshi Nakamoto
CEO
Employee
Supported currencies
Customer service No customer service
App Various Wallets offer apps
Fees for buyers And
Seller fees And

Conclusion: Advantages and Disadvantages of Bitcoin Online Casinos

The numbers in Bitcoins is certainly provided with a large question mark during the current course situation. Because so high the currency rate is currently fluctuating between thousands of euros, you could be a millionaire with your Bitcoin balance tomorrow or the day after tomorrow. Paying with Bitcoins in casinos is of course the risker. Profits can potentiate overnight, but also dissolve in air.

We have summarized all the advantages and disadvantages for you here.

benefits disadvantage
  • High level of anonymity
  • Safe before fraud
  • Worldwide numbers possible
  • Only possible in a few casinos
  • Strong price fluctuations

Alternatives to Bitcoin

Even if Bitcoin is currently the most famous as a crypto currency, there are still some other virtual currencies that have come to the market since the introduction.

Here is a list of the most famous crypto currencies:

  • Ether
  • Litecoin
  • EOS
  • Tether
  • Stellar
  • BitTorrent
  • BitShares
  • ICON

If there is a priority in the payment priority, you can also on other alternatives such as the E-Wallets NETELLER or Skrill To fall back on. These payment methods secure your money online through a maximum of precautions and anonymity is guaranteed to the maximum.

Frequently asked questions (FAQ)

How do you mine bitcoins?

Bitcoins can be dilated privately. An average computer is already enough, but with certain accessories such as a bitcoin miner program. So everyone can be a miner. Unlike the actual gold huff, the work takes over the calculation of the bitcoin hashs (the unique key for the bitcoins), but then a computer. This computing power costs a lot of electricity, which means that they can cause the benefit.
How do I get to Bitcoins?

As described above, they can theoretically square themselves after bitcoins. In addition, there is also the usual variant to convert real money into bitcoins. You can buy bitcoins about different portals. However, please note the current price of the cryptoges!
How safe is the numbers with bitcoins in online casinos?

Bitcoin is one of the safest virtual currencies ever. This is because the payment takes place anonymous. No bank details are required, nobody can read from you to wallet sensitive data from Wallet to Wallet. If it comes to a theft, then only by bitcoins itself, not from data that go beyond.

And here is also the weakness of this currency. Since she is traded high, bitcoins have become very valuable. So, when buying the currency, you should pay attention to trusted providers in your wallet, but also when storing the keys in your wallet, which provide high safety precautions for the protection of your money.