There are an increasing range of uses for Bitcoin – the anonymous, digital cryptocurrency. One use that is becoming increasingly popular is gambling. The benefits of using the Bitcoin currency for gambling include the speed and anonymity of of the transactions – there are no chargebacks and no tax implications. Using Bitcoin is also a way to avoid any potential local restrictions on online gambling. This anonymity and speed of transaction does have some down-sides however, as it makes Bitcoin casinos very difficult to regulate, so this increases your risks as a gambler. But which Bitcoin casinos should you be using? In this article we share our thoughts on the best Bitcoin casinos currently available to play.
This is a recently established Bitcoin casino using the Softwiss gambling platform to power its games. It’s a relatively simple and straightforward registration process that requires you to input your email address, your password, and your choice of currency. Crediting of Bitcoin deposits to your Bitcoinpenguin account is instant, with fully automated transaction processing. To keep you playing, Bitcoinpenguin offers users a loyalty program however this is only really of value if you are wagering quite high values.
This Bitcoin casino uses Betsoft gaming software to power its games on casinofair.com, specialising in slots games but also offering traditional casino games as well as poker and a sports-book. A first time deposit bonus and a loyalty program are offered to players.
This is one of the leading Bitcoin casinos in the market, offering the full range of casino games as well as a sports-book. One of the advantages of Casinobitco is that their site works with mobile devices such as smart-phones and tablets as well as the standard desktop or laptop computer. The specialty of Casinobitco is its sports-book with all major sports covered including American Football, Soccer, Basketball, Baseball, and Hockey.
Check the software
One of the best ways to check whether your selected Bitcoin casino is going to be a reliable gambling provider is to look at the gambling software that they are using. Ideally you are looking for a gambling provider that uses software that delivers a suite of standard casino games, a mobile casino site, and a downloadable casino platform – software such as Playtech, Aristocrat Gaming, and Betsoft.
The beauty of Bitcoin casinos is that they don’t restrict access based on geographic location – because you can choose to remain totally anonymous and the currency is a borderless digital currency even if there are local regulations regarding online gambling there is no restriction on using a currency such as Bitcoin. There are a growing number of casinos that are now accepting Bitcoins as a form of payment, so you can store your Bitcoins securely in your digital wallet and then transfer them to your online casino account when you are ready to pay – transaction speed is one of the key benefits of using Bitcoins to play in online casinos, as values are credited automatically through automatic transaction processing.
Mastercards and check cards have legitimate insurances if something turns out badly. For instance, on the off chance that you have to question a buy, your charge card organization has a cycle to assist you with getting your cash back. Digital money installments ordinarily are not reversible.