Bitcoin & Crypto Casinos January 2023
Bitcoin casinos and crypto currency has in a few years become extremely popular among speculators all over the globe, but in the last 2 years the casino industry has embraced bitcoin merely. This is because bitcoin and blockchain technology are generally perfect for online casinos. It makes it possible to create new exciting ways to play and not least makes practical things much easier. One of the first things you could use bitcoin for was to play different games that gave you a higher chance of winning than at regular online casinos.
In this guide we will cover everything you need to know about bitcoin casinos in january 2023 and not least how to get started and starting to play. We must say that when you first start playing at these variants of casino, the chances are high that you will never play at a regular casino. Just a little warning!
Some of the topics we will talk about
- What is a bitcoin casino?
- What are the benefits of a bitcoin casino?
- What are the disadvantages of a bitcoin casino?
- Fixed bonus at bitcoin casinos!
- Which bitcoin casinos are best?
- Cresus Casino
- Are there many bitcoin casinos?
- Is it safe to play at bitcoin casino?
- How do I get started playing bitcoin casino?
Brief introduction to blockchain, bitcoin and cryptocurrency
If you do not know what bitcoin, blockchain or cryptocurrency is then it is an advantage to know this before you start playing with real crypto at a casino online. Blockchain is, in short, the technology used behind cryptocurrency. It is in a way a database of transactions that is verified by several parties without a centralized entity. Bitcoin and cryptocurrencies have used this as a technology to create digital currencies that can be used to move values. The price of cryptocurrency is determined by what the market will pay for them at any given time. Some call bitcoin digital gold and others call cryptocurrency the currency of the future.
If you want to read more about bitcoin and cryptocurrency, we can recommend you to read up a bit. There are many good sources on Google about bitcoin and not least how bitcoin works.
What is a Bitcoin casino?
A Bitcoin casino is a casino that allows you to make deposits with bitcoin, withdraw bitcoin and often have some games of their own that only allow you to play with bitcoin. You do not play with a regular currency such as EUR or USD, you play with bitcoin. However, most bitcoin casinos offer different types of cryptocurrencies that you can play with. The most commonly used today are:
- Bitcoin (BTC)
- Litecoin (LTC)
- XRP (Ripple)
- TRX (Tron)
- Dogecoin (DOGE)
- Ethereum (ETH)
A real bitcoin casino does not accept deposits with a regular bank card, you must use cryptocurrency when making a deposit. Then you can use some of the above and play with them. It varies a bit which casinos accept the different cryptocurrencies.
What are the benefits of a bitcoin casino?
What is with bitcoin casinos is that these are casinos that only exist online and they have made everything so very simple. The first is that typical bitcoin casinos do not have wagering requirements, although there are clearly some exceptions here. Therefore, as always, you should read the bonus terms carefully – always. Still, this is not what we like best about these casinos, it is that it is quick to make deposits and withdrawals. These are casinos that often do not have a license that is self-regulated and that of course requires that they take their role seriously, but what we have seen so far is that there are mostly very serious Bitcoin / Crypto casino out there.
Another fun thing about casinos that use blockchain, cryptocurrency and bitcoin is that they are good at telling you about the probability of you winning. At some casinos you can choose the volatility even on the slot machine and this is very fun when you are not used to this before.
What are the disadvantages of a bitcoin casino?
If you have read about how we evaluate casinos then you know that we like casinos with a license best and here most bitcoin casinos fall a little short. It is therefore extremely important to choose some serious bitcoin casinos that take this seriously and unfortunately there are a number of rogue casinos, and with a license you would have avoided this.
Another disadvantage is that many of the bitcoin casinos on the internet do not have all the games you are used to, although there has been a slight change there recently. Now you will find more and more of the regular games at many of the bitcoin casinos that previously did not have a large selection of games.
Another disadvantage of using bitcoin casinos is if you are not used to buying cryptocurrency then it may seem a bit difficult, but you learn this quickly actually.
Fixed bonus at bitcoin casinos!
This is an incredibly fun thing that most bitcoin casinos have. They have something called, rakeback. If you played poker before, you may know this. When you play and lose, you get back a percentage of this. All players get rakeback at the start, so you get a higher rakeback. These are cryptocurrencies that are completely without wagering requirements and if you win big then you can withdraw your funds whenever you want.
Which bitcoin casinos are best?
As mentioned, there are many different bitcoin casinos on the market and it can be difficult to navigate. We have to be completely honest that we have not tried all of them, but we have tried many. Below we have listed some of the bitcoin casinos that we think are the best.
Stake – A serious online Bitcoin Casino
Stake is a real bitcoin casino that initially only operated with its own games. In recent times, there have been a lot of new games from all the major suppliers which other big licensed casinos have. They care about all their players and have their own chat on the site that allows you to chat with other players. This is a very social and fun casino that really delivers the goods to the maximum.
Deposits and withdrawals go very quickly here. If you withdraw cryptocurrencies from Stake Casino, you will get them in your account almost immediately. There is no waiting time. What you should be aware of is that if you play with bitcoin then there may be some delays which means that deposits and withdrawals can take a long time. If you want quick access to your funds, it may therefore be better to choose one of the other cryptocurrencies.
Cresus Casino may or may not be familiar to many of you from the various casino streamers who use this casino site. Due to the lack of online casinos in some countries, Cresus has in a very short time become a significant player among casinos offering Crypto as payment method. They quickly started offering “regular casino games” and are very reminiscent of regular casinos. It is still not possible to play with as many cryptocurrencies as Stake, but still larger in size.
Are there Many Crypto casinos?
There are no bitcoin casinos that have a certain language and most crypto and bitcoin casinos have English as a language. There is also no reason to have several languages as everyone plays with the same currency. As an international player, you can still play at most bitcoin casinos without any problem.
That said, there are some casinos that offer deposits with cryptocurrency. Here you do not play with cryptocurrency, the money is automatically converted to your local currency. We have tested some of these solutions and our experience is that this is a very expensive way to do it.
Is it safe to play at Bitcoin casino?
It is very safe to play at bitcoin casino, pick the right one and you will not encounter any problems. A little tip for you: at Casinowithdrawal.info we recommend that you do not store valuables overnight. As we have seen before that it has been very popular among hackers to target attacks on objects that have digital currency. They are easy to sell and therefore we recommend that you keep them in a digital wallet when you do not have them in play. It costs almost nothing to send them over to your wallet and you have complete disposal of them.
Another very important point when it comes to bitcoin casinos and bitcoin in general is that it can be very volatile. So if you buy bitcoin for 100 euro that you deposit one day. Then they can be worth 500 euro the next day or if you are lucky they can be worth 1000 euro. If you fear this, we recommend that you rather send them over to a digital wallet where you have the opportunity to exchange them for euros or USD if you do not want to sit with the “risk” that it goes up or down.
How do I get started playing at Bitcoin casinos?
To get started playing at the casino with bitcoin you need some things and below we have made a small overview for you:
- You need an account with Coinbase, Binance, Blockchain, Miraiex or another exchange
- You have to make a deposit there, you get a little extra money when you make a deposit there
- Then you need to register at one of the casinos we mentioned above
- Get the address of your wallet at the casino, transfer cryptocurrency
- Within 5 minutes you should have the funds in your account
- We would like to add that if you plan to hold bitcoin for a longer period of time, we recommend that you create a bitcoin wallet that is not dependent on 3rd parties such as a stock exchange or Coinbase. Then we can recommend you a wallet such as Bitgo or other similar variants.