One of the popular trends in online gambling is using Bitcoin and other cryptocurrencies to make deposits and withdrawals. They offer the same casino experience, with games like slots, table games, and live dealer titles. But there are benefits like fast transactions, privacy features, and global access. If you want to play at a Bitcoin casino, this guide explores how they work.
What are Bitcoin casinos?
Bitcoin casinos are sites that allow you to make deposits, wager bets, and then withdraw your winnings using Bitcoin. These reliable Bitcoin casinos are similar to traditional online casinos, except that crypto is one of the payment methods. But others are crypto native, so they only accept cryptocurrency as a banking option.
Some of the benefits of playing at a Bitcoin casino include lower fees, quick withdrawals, promotional offers for crypto users, and a high level of privacy than what’s offered from bank cards. There are many reputable Bitcoin sites out there which also have standard licenses and KYC processes, while others operate in looser jurisdictions.
How to create an account
- Choose a reputable site: Check whether the site has a license and independent audits. Also, look out for positive feedbacks and transparent terms and conditions.
- Sign up: Register with an email and a username. Some crypto-native sites allow minimal sign up and allow you to play with just a wallet address until you withdraw.
- Complete verification: Many sites require KYC for verification, and you won’t be able to withdraw until you do this.
- Fund your account: In some cases, you’re giving a deposit address, or other cases, you go through wallet-to-wallet transfer. Some platforms also let you buy Bitcoin with credit or debit cards or bank transfers directly.
- Claim any welcome offer: You can then accept the welcome bonus but check the wagering conditions and terms and conditions before you accept it.
How to use Bitcoin to play
Using Bitcoin is usually straightforward. You send BTC from your wallet to the casino’s deposit address. Deposits can be confirmed on-chain in minutes to an hour depending how congested the network is. You might also have to go through KYC. Before you use BTC for your bet, you should double check addresses, confirm network fees, and keep the private keys secure without sharing them.
Tips for playing better
If you want to take advantage of Bitcoin sites, then there are some tips to keep in mind. Some ways that you can increase your gaming experience include:
- Bankroll management: Beforehand, you should decide how much crypto you can afford to lose and set proper limits on your gambling sessions. But it’s best to split your play funds into stablecoins for stable value while playing.
- Understand game RTP and volatility: Check the RTP and choose the game that’s best for you. Low volatility can give you steady play, while high volatility allows you to chase big wins.
- Take advantage of bonuses: Crypto casinos usually have crypto-specific bonuses. Carefully read the wagering requirements, withdrawal limits, and game contributions. Some bonuses have a higher payout while others might exclude some games.
- Use small, consistent bets: When learning a new game, keep your bets low for longer playing time and reduce the impact of the volatility.
Final notes
When playing at a Bitcoin casino, you can get speed and privacy, but you also need to consider the crypto volatility and related regulations. Make sure you’re playing at a legit casino, read the fine print of terms and conditions, and gamble responsibly.
