Online gambling has grown in popularity over the past few years due to ease-of-use and widespread availability. However, depositing and withdrawing cash from your bank into an online portal can be both risky and complex. This is where Bitcoin casino sites have come in and begun to make an impact into the world of online gambling. There are now a range of casino sites which accept Bitcoin and other cryptocurrencies in order to provide their customers with a safer and more streamlined experienced. In addition to these benefits, the use of Bitcoin makes online gambling available to customers in previously restricted countries.
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Using Bitcoin to place bets with an online casino is often much faster and cheaper than using traditional currency, but it’s important to select your Bitcoin casino wisely.
Some of the factors to take into account before choosing a Bitcoin gambling site include security, signing-up bonuses, withdrawal fees and what games are on offer. Some gamblers may also wish to use a site that offers anonymity, something which cryptocurrency helps to ensure.
There is a lack of clear and concise regulations governing the online casino industry, meaning it is often up to the customer to ensure their own safety. The majority of reputable Bitcoin casino sites have legitimate licenses which should be displayed on their website – but even these can sometimes be faked.
It also helps to check the website’s certificate of trust and see if it has SSL encryption enabled. This makes the transfer of data secure and ensures any personal information isn’t stolen.
A good way to ensure the reputability of a Bitcoin casino site is to read independent reviews from previous customers. Often these reviews can be faked though, so be sure to check a site that has a large number of reviews from people in various countries around the world.
2. Withdrawal Fees
Many less transparent online casinos may try and keep their withdrawal fees hidden and distract customers with big sign-up bonuses and other promotions. If withdrawal fees are excessively high then any gains made from these bonuses will be negated in the long run.
Some online casinos charge customers up to $50 to withdraw their winnings into a bank account. This is another reason why gambling with cryptocurrency can be a more attractive option, as withdrawals are faster and more affordable. However, many Bitcoin casino sites still charge high fees for withdrawing winnings to your cryptocurrency wallet. Usually, this is a percentage of users winnings and can be as high as 5%.
3. Random Number Generation
One of the biggest problems that online casinos represent is the ability to hide behind technology. Unlike in a traditional casino where it would be difficult for a dealer or croupier to cheat, in the online world, the operators can easily cheat the system.
For this reason, it is important to ensure the Bitcoin casino you choose uses a genuine and fair random number generation (RNG) protocol. Online casinos that operate on blockchain technology usually use an RNG and should be able to provide a transparent and incorruptible ledger of events that can be viewed by any customer. This means both customers and operators can check and verify all events and transactions that occur in any game.
Most reputable Bitcoin casinos should have information regarding their use of an RNG publically available and many good reviews will mention this factor.
4. Customer Support
Always choose a Bitcoin casino that is known to offer good customer support. Quite often problems can occur where users are unable to access or withdraw their funds. In the event of this or something similar happening, you need to be sure you can contact the casino 24/7 and get the help you require.
When reading independent reviews, customer service is often a key point that comes up. If a casino has bad customer service it should be easy to find out by checking its reviews. The best customer service for an online casino or gambling platform to have is an instant chat option. This means you can immediately chat with a representative and get the help you need. At the very least the site should have an email or support ticket system but whether or not you’ll get a reply is another question.
5. Variety of games on offer
Make sure the casino you select not only has the games you wish to play but a good selection of other games too. Over time you may find you have better luck on alternative games and the wider selection of games on offer, the better chances of finding one that suits your needs.
Some of the best Bitcoin casino sites will offer a wide selection of card games, table games, and slots. These usually include:
- American Roulette
- French Roulette
- 3-card poker
- Deuces Wild Poker
In addition, many more advanced Bitcoin casinos have immersive graphics that offer a real-life casino experience. Advancements in virtual reality and artificial intelligence mean players with a VR headset can now engage in a highly realistic gambling experience from the comfort of their own homes.
6. Bonuses and Promotions
Almost all online Bitcoin casinos will offer big sign-up bonuses and additional bonuses for deposits. Many also offer free spins, free tokens, Bitcoin or other cryptocurrency and other extra giveaways and rewards.
Many top sites offer to double or sometimes even triple a customer’s initial deposit, giving you a large amount of additional capital to test out the casino with. Some sites also have their own native cryptocurrency token which they use to reward dedicated customers. As the online casino becomes more successful, these tokens will appreciate in value over time.
7. Fairness and Transparency
A genuinely honest Bitcoin casino site shouldn’t have anything to hide. While even reputable casinos offer sign-up bonuses, any casino that consistently attempts to get you to deposit more money or increase your bets should be approached with caution.
A Bitcoin casino site should also present all its fees and charges in a clear and understandable way. If you find a casino is trying to hide its fees then you have to ask – what else is it trying to hide?
If an online casino uses blockchain-enabled smart contracts to facilitate transactions this also offers an extra level of fairness and transparency. Smart contracts ensure transactions are completed in a specific fashion that cannot be altered and are visible to all users.
By its very nature, gambling is a risky business, but blockchain technology and cryptocurrency offer many ways to reduce the associated risks. As technologies develop, gambling online with Bitcoin and other cryptocurrencies is becoming safer by the day. However, as always, users need to exercise due caution.
Always do a decent amount of research before signing up to an online platform. There are several well-known, trustworthy Bitcoin casinos out there with excellent reviews and long track record of satisfied customers.