Bitcoin Casinos

You may have heard of Bitcoin casinos, but the likelihood is that you aren’t sure how they work or why they are good. 

These casinos have emerged as a groundbreaking trend in the realm of online gambling, revolutionizing the way players engage with casino games and transactions.

By integrating the power of cryptocurrency, specifically Bitcoin, these casinos offer players a secure, anonymous, and efficient way to enjoy their favorite games while redefining the traditional gambling landscape.

This guide will focus on those two points and will take you through everything starting with basic knowledge, before walking through what exactly a Bitcoin casino entails and how it compares to traditional instant-play casinos.

They represent a pioneering fusion of the world of cryptocurrencies and the realm of online gambling. Unlike traditional casinos that rely on fiat currencies, these casinos exclusively accept Bitcoin as the primary medium for transactions and gameplay.

This revolutionary approach introduces a host of advantages and transformative potential that resonate with both seasoned gamblers and tech-savvy newcomers.

 

The Advantages of Bitcoin Gambling

Anonymity: Bitcoin transactions offer enhanced privacy, allowing players to enjoy gambling without revealing personal information.

Speed and Efficiency: Bitcoin transactions are processed swiftly, minimizing delays associated with traditional payment methods.

Security: The decentralized nature of blockchain technology ensures robust security, reducing the risks of fraud and hacking.

Global Accessibility: Bitcoin is not bound by geographical borders, enabling players from around the world to participate.

Lower Transaction Fees: Bitcoin transactions often incur lower fees compared to traditional payment methods.

 

How Bitcoin Casinos Operate

These type of casinos function as digital platforms where players can access a wide range of casino games, from slots and table games to live dealer experiences. These casinos integrate blockchain technology to facilitate Bitcoin transactions, ensuring secure and transparent interactions.

 

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What is a Bitcoin Casino?

A Bitcoin Casino is a casino where you can play games with cryptocurrencies as your currency. You may have heard of Bitcoin, but you might not know what it is or how it works. 

 

Bitcoin is a digital currency (also known as cryptocurrency) that allows people to transfer money over the Internet without having to go through banks or any other financial institution.

 

Bitcoin Casinos work by using software called “blockchain technology,” which enables transactions between people without using a middleman (like a bank). 

 

It means that when you deposit money into your account at one of these casinos and make a withdrawal later on, it’ll be faster than if you were playing at an online casino that uses traditional methods of depositing and withdrawing funds from players’ accounts

 

How We Rate Online Crypto Casinos?

There are so many different factors that go into choosing an online casino, and we consider them all when we rate our gambling sites.

 

Here is what we consider when we rate these crypto casinos:

 

Regulatory Authority

The first thing you should do is check the regulatory authority of an online casino before depositing any funds there. 

 

It can be a bit confusing because there are so many different authorities around the world, but fortunately for you, we’ve done all the research for you! 

 

Payment Methods Available

When it comes to depositing funds into an online casino, most people want options – which is why we list all available payment methods at each site in our reviews. 

 

In addition to credit cards, debit cards, and e-wallet platforms like Skrill and Neteller, many of these casinos also accept cryptocurrencies such as Bitcoin Cash (BCH) or Litecoin (LTC) as payment methods!

 

Mobile Compatibility

One of the most important aspects of playing online casino games is how well they work on mobile devices. 

 

The best casinos offer mobile-optimized games that are easy to play and have no issues with loading times. We always test each site on our phones, tablets, and laptops before we recommend them.

 

Game Providers

When you play an online casino game such as blackjack or roulette, you must know which provider is providing the software behind it. If you go through a third party such as Microgaming or NetEnt, then you can be sure that your experience will be seamless and reliable every time. 

 

Customer Support

All reputable online crypto casinos offer 24/7 customer support to their players via email or live chat. The quality of this service varies from site to site, but players must have access to someone who can answer questions quickly and accurately if they need help while playing.

 

Bonuses

A casino bonus is an incentive given by an online casino to attract new players and encourage them to play more. 

 

Bonuses come in many forms and can be offered as free spins on certain slot games, free money deposited into their account, or free bets on certain sports events.

 

We look at both of these factors when we rate crypto casinos because they’re important factors that all players should consider before joining an online gambling site.

 

Reputation

Reputation is an indicator of how trustworthy the casino is, and it’s based on several factors like customer service, security, fairness, and more.

 

We evaluate reputation by looking at dozens of other sites that review online casinos, including our reviews from players like you. We also look at user comments on social media sites like Facebook, Twitter, Instagram, and YouTube.

 

Pros and Cons of Playing at Bitcoin Casinos

Pros

  • You can play at any time because there are no restrictions on their operating hours.
  • You don’t have to worry about your personal information being hacked or stolen, because all transactions are encrypted and secured with cryptography technology.
  • It’s easy to get started playing for real money at a Bitcoin casino – all you need to do is sign up for an account and fund it with some bitcoins from your digital wallet. 
  • You can win big jackpots just like in other forms of gambling, including slots and video poker machines.

Cons

  • The biggest limitation is that you can only play with bitcoin
  • Another drawback is the limitation of features

 

How Do Bitcoin Casinos Work?

One thing you need to know is that most Bitcoin casinos don’t deal in real money — instead, they deal in “play money,” which is also known as virtual currency. 

 

It means that as long as you have some bitcoins in your account, you can deposit them into the casino and play with them like regular cash chips or chips from other currencies. 

 

If you win big, though, remember that it’s unlikely that you’ll get paid out in real dollars and cents; instead, your winnings will likely be paid out in more bitcoins instead of actual currency (though this does differ from casino to casino).

 

How to Choose a Provably Fair Bitcoin Casino

The best Bitcoin casinos for real money are the ones that offer provably fair games. 

 

Provably fair is a feature that allows you to verify every aspect of your gambling experience. 

 

It also ensures that the casino has no chance to cheat you because they don’t have access to your funds or your private information.

Step-by-Step Guide for Playing at The Best Bitcoin Casinos

Step 1: Sign Up for an Instant Play Casino

 

Choose a casino from our list of the best instant-play casinos for real money in Australia. All of them offer free signup, so you can get started right away.

 

Step 2: Make Your First Deposit

 

Most sites will allow you to fund your account using Bitcoin, and some may even have other cryptocurrencies available as well. The amount you deposit will be credited instantly, and you can start playing.

 

Step 3: Choose Which Games You Want to Play

 

Almost all of these casinos have hundreds of different games to choose from, including slots, table games, video poker, and specialty games. 

 

There are also many different themes, such as 3D graphics or classic slot machines with old-fashioned symbols like lemons and cherries. 

 

Why You Should Play at a Bitcoin Casino

Here are some of the advantages associated with playing in an online casino that accepts Bitcoin:

 

1. Fast Deposits and Withdrawals

One of the biggest advantages of using a Bitcoin casino is that it can process deposits and withdrawals much faster than traditional casinos. This is because there are fewer steps involved in this process.

 

2. No Limits on Deposit Amounts

There are no limits on how much money you can deposit at an online casino that accepts Bitcoin as its primary currency. 

 

This means that you can deposit as much money as you want into your account without having to worry about any restrictions being placed on your account by the casino or its management team.

 

3. More Options Available

Another advantage associated with using a Bitcoin casino is the fact that there are more options available when it comes to choosing which game to play at these sites than what is available at traditional casinos like those found in Las Vegas or Macau. There are thousands of different games available for gaming at Bitcoin casinos.

 

New Best Crypto Casinos for Australians

Australian players may be interested in new crypto casinos, which provide an excellent alternative to traditional online gambling sites. 

 

Cryptocurrency doesn’t require banks or governments to process transactions, which means there’s less oversight than with conventional money.

 

Popular Games at Bitcoin Casinos

Bitcoin casinos are an excellent way to play for real money. They offer a wide range of games, great bonuses, and a good selection of deposit options. 

 

The security and privacy at these casinos are also top-notch. Here are some of the best Bitcoin casino games for Australians:

 

Bitcoin Craps

If you love playing craps but hate going to Vegas or Atlantic City, then Bitcoin craps could be your next favorite game. Several Bitcoin casinos offer this game, including FortuneJack and CoinFalls.

 

Bitcoin Keno

Keno is another exciting game that’s available at many Bitcoin casinos. You’ve probably played keno before in a casino or online casino, but never with cryptocurrency! 

 

Sites like FortuneJack and CoinFalls let you pick numbers from 1 to 80 and see if they match those drawn by the house after 20 rounds of play. You’ll win if you match at least 2 numbers in each round of play!

 

Bitcoin Slots

The most popular Bitcoin slots are: 

 

Crypto Diamonds, Fortunes of Sparta, and the 5-reel game, Bitcoin Billionaire. These games all have excellent graphics and sound effects that make playing them fun. Some of the games are so realistic that it’s hard to tell that you aren’t playing for real money!

 

Bitcoin Blackjack

Bitcoin Blackjack is a great way to play blackjack without having to deposit any money. The rules are similar to regular blackjack, but there are no card-counting strategies since all of the cards are dealt out randomly from a deck. 

 

Bitcoin Baccarat

Baccarat is another popular casino game that can be played at any online casino, including those that accept bitcoins as a payment method. 

 

It’s a card game much like poker but it uses only two cards instead of five or seven cards as in other types of poker games.

 

Bitcoin Roulettes

Bitcoin roulette is one of the most popular casino games played by players around the world. Players can place bets using bitcoins on whether the ball will land on a red or black number, an odd or even number, or a high or low number.

 

Bitcoin Poker

One of the most popular casino games that can be played at any online casino is poker. Players can choose between Texas Hold’em, Omaha, and 7 Card Stud poker games when playing at these Bitcoin casinos.

 

Bitcoin Sportsbook

Bitcoin sportsbooks are the most popular type of casino on the web today. You can play any game you want and deposit your winnings into your Bitcoin wallet. 

 

The best part is that you will never have to worry about chargebacks or fraudulent transactions because it’s all handled with cryptocurrencies.

 

Bitcoin Live Casino

Bitcoin casinos offer live dealers that allow players to interact with them through their webcam and chat features. 

 

That makes for a more interactive experience than playing at traditional online live casinos because you get to see the dealer’s expressions when they win or lose hands.

 

Bitcoin Racebook

Bitcoin horse racing sites are another popular form of gambling with cryptocurrency. The odds are usually better than traditional horse racing sites and if you’re lucky enough, you might even walk away with some cash in your pocket!

Popular Bitcoin Casino Bonuses

These casinos often offer deposit bonuses as well, which can be used with any game including video poker. 

 

Some of these include:

 

Welcome Bonuses: Welcome bonuses are offered when you sign up for an account with a new Bitcoin casino site or casino platform. They usually come in the form of free spins on slot machines or free bets on sports betting sites. 

 

Reload Bonuses: Reload bonuses are offered by many Bitcoin casinos as an incentive for players who already have accounts at these sites or platforms.

 

Cashback Bonuses: These are straight-up cashback offers of 100% up to $200 on your first deposit or 50% up to $100 on your second deposit within 30 days of signing up. 

 

For example, if you make a $100 initial deposit, you would receive an extra $100 in cash back when making your second deposit.

 

Free Play: Sometimes casinos offer free play instead of cash back. This means that instead of getting cash back for your initial deposits, the casino will give you free spins or credits on certain games that can be used immediately or at any time in the future.

 

Wagering Requirements at Bitcoin Casinos

Wagering requirements are the amount of real money that a player needs to wager before being able to withdraw the winnings.

 

Casinos based on Bitcoin have different requirements for the minimum deposit, but the average is around 0.01 BTC. This means that you need to deposit around $20 or more to be able to start playing.

 

Wagering requirements at Bitcoin casinos vary from casino to casino, however. Some casinos may have wagering requirements higher than 0.1 BTC, while others may lower it to as low as 0.01 BTC or even lower. 

 

Bitcoin Casino Withdrawal Process

The withdrawal process for such type casinos is very similar to the deposit process, but there are a few important differences.

 

For example, you’ll need to have your wallet address ready before you can withdraw from a casino. All good casinos will provide this information to you during the signup process, but if they don’t then you should contact customer support as soon as possible.

 

Once you’ve got your wallet address, look for an option on the casino’s website that allows you to withdraw funds. In most cases, this will be a button labeled “withdraw” or “withdrawal.” Simply click on it and enter your wallet address into the box provided.

 

After that, all you have to do is wait for the transaction to complete!

 

Other Cryptocurrencies Accepted at Bitcoin Casinos

There are many different cryptocurrencies out there, and not all casinos will accept them. 

 

Here are the top cryptocurrencies accepted at Bitcoin Casinos in Australia:

 

Ethereum: Ethereum is one of the most popular cryptocurrencies on the market right now. It has a large community, and many people are using it as a form of payment. If you want to play at an online casino that accepts Ethereum, there are plenty of options for you.

 

Tether (USDT): Tether (USDT) is a very popular stablecoin that is meant to be pegged to the price of one US dollar. 

 

It means that if you own Tether, you can easily exchange it for USD at any time without having to worry about losing value or getting ripped off by a volatile market. 

 

You can use Tether to play at an online casino that accepts USDT if you want to avoid having to convert your money into another currency first before playing with it at an online casino.

 

Bitcoin Cash (BCH): Bitcoin Cash is another popular cryptocurrency that many people use when playing at online casinos because it’s cheaper than Bitcoin and easier to send and receive.

 

Taxing at Bitcoin Casino Sites

All gambling games in Australia are subject to the GST, which is a tax of 10% of a gambling win. This means that if you play at an Australian Bitcoin casino and win $100, the site will pay $90 to you and keep $10 for itself. The reason why they do this is that they have to pay GST on all their transactions.

 

How to Get Bitcoin for Playing at Bitcoin Casinos

There are a few ways to do this. One is to buy it from an exchange like Coinbase. Another is to use your credit or debit card at one of the many Australian Bitcoin exchanges that are available now. 

 

Or you could use a service like BitPay or BitPiggy that allows you to buy bitcoins via other payment methods.

 

How to Use Crypto Wallet to Play Games at Bitcoin Casino

To play games at a Bitcoin casino you will need a few important things. The first thing you need to do is set up a cryptocurrency wallet. 

 

If you’re not familiar with what this is, a cryptocurrency wallet is a piece of software that stores your private and public keys. The public key allows other people to send you funds and the private key allows you to spend those funds.

 

Once you’ve created your crypto wallet, you’ll need to transfer some Bitcoin or Ethereum into it. This will allow you to play games at online casinos that accept cryptocurrencies. 

 

To do this, simply go to your exchange account and select “deposit.” You’ll see a list of supported currencies appear on the left-hand side of the screen. Choose one and follow their instructions for depositing funds.

 

Responsible Gambling at Bitcoin Casinos

With the rise of online gambling, there have been many concerns about its potential impacts. 

 

Regulators and governments around the world have taken action to address these concerns, often by requiring that all operators have responsible gambling policies in place.

 

Even though Bitcoin casinos are not regulated by any government body, they still need to provide a responsible gambling environment for their players. 

 

Bitcoin casinos typically do this in three ways:

 

  • Providing information on how to gamble responsibly
  • Providing resources for help with gambling addiction
  • Offering tools to limit your losses

 

Popular Bitcoin Casino Software Providers

Bitcoin casino software providers are the backbone of the cryptocurrency gambling industry. 

 

They provide a platform for people to enjoy their favorite digital games and also offer an excellent range of selections and jackpots.

 

The following are some of the most popular and best Bitcoin casinos online, in no particular order:

 

  • NetEnt
  • Microgaming
  • Playtech
  • Rival Gaming (Rival Gaming)
  • NextGen Gaming (NextGen Gaming)
  • BetSoft Gaming (BetSoft Gaming)
  • Pragmatic Play (Pragmatic Play)
  • Netent Touch (Netent Touch)
  • 1x2Gaming (1x2Gaming)
  • IGT / WagerWorks (IGT / WagerWorks)

 

History of Bitcoin Casinos

Bitcoin came into the world in 2009. Since then, it has become one of the most popular currencies in the world. It is a decentralized digital currency that has no central issuing authority. 

 

The first real-money bitcoin casino was SatoshiDice back in 2012, which offered games such as blackjack and roulette, and the famous Satoshi dice game. 

 

But since then, many other casinos have entered the market. Some of these include Bitcasino, Bitstarz, Bitcoin Casino, Bovada, and more.

 

FAQs

 

Are Bitcoin Casinos Legal in Australia?

Yes. Bitcoin is legal in Australia, and the country has no laws against online gambling. This means that you can gamble online using cryptocurrencies, such as Bitcoin, without any issues.

 

Are Bitcoin Casinos in Australia Regulated?

No. There are no regulations for Bitcoin casinos in Australia, so you should only use reputable providers to ensure that your money is safe.

 

How Can I Deposit Money in a Bitcoin Casino?

You can deposit money into your account using a variety of methods, including credit cards and e-wallets. You can also withdraw funds from your account using these methods as well. 

 

If you want to use cryptocurrencies like Bitcoin instead, you can transfer them directly into your account without needing to convert them first into fiat currency first.

 

Final Thoughts

Bitcoin Casinos are very similar to traditional online casinos with a few perks. 

 

The biggest advantage is that it is easy to deposit and withdraw your bitcoins since you can use this digital currency everywhere and you can convert it easily in your own wallet into cash. 

 

Bitcoin online casinos also offer nice bonuses.