Bitcoin online casinos are generally known as crypto casinos and are growing in popularity across the online gambling industry. This is due to the growing use of cryptocurrencies across the world and online casinos always keep up with the latest trends. Today players can make deposits and withdrawals at a big number of online casinos by using Bitcoins or some other cryptocurrency. The entire process is very easy and once you get the hang of it you too may become a loyal Bitcoin player.
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What is Bitcoin and How Does it Work?
Bitcoin is a Peer to Peer Electronic Cash System. In layman terms this is an electronic currency which you can use to make payments all over the world. The currency was first released in 2009 by Satoshi Nakamoto. Nobody knows who he is to this day as the name disappeared altogether from the Bitcoin network a few years after it was launched. Over the years the value of Bitcoins have fluctuated, before reaching a boom a few years ago. Since then pretty much everyone in the world have heard about Bitcoins. What attracts people the most about this currency is that it can be mined from the Bitcoin network. This way people have a chance to earn Bitcoins virtually for free.
How Do I Use Bitcoin Online?
Bitcoins are generally easy to use, even though the entire process can seem complicated at first. You need to have a wallet where you will store your Bitcoins. This can be an e-wallet or you can even buy a hardware wallet which you can take with you anywhere you go. Once you have your wallet you get a unique wallet address. So, in order to make a deposit at an online casino with Bitcoins you will need to enter the wallet address and the amount of Bitcoins you want to deposit. In a few minutes the transaction will be confirmed in the block chain and the funds will appear on your casino account.
Who Are the Best Bitcoin Online Casinos in the UK?
The popularity of Bitcoin online casinos is growing every day. But still it can be very hard to find the best Bitcoin online casinos in the industry. This is where we come in to help you as a player and make your job easier. We have a team of casino experts who work hard on sourcing out the best Bitcoin online casinos in the industry and bring them to you.
All you need to do is go over our list of casinos and choose the ones which suit you the most. You can rest assured that these are all reputable operators who have been personally tested by us and satisfy our criteria. So by playing at any of our recommended Bitcoin online casinos you can be certain that you are playing at safe and reputable operators.
Benefits of Playing at Bitcoin Online Casinos
Bitcoin online casinos are becoming popular across the industry for a number of reasons. One of them is fast withdrawals. At many Bitcoin online casinos you will see that withdrawals to Bitcoin are processed in a matter of minutes or hours tops. This is due to the fact that transactions from one Bitcoin wallet to another are instant and also to the fact that many online casinos encourage Bitcoin deposits and withdrawals.
A lot of players also prefer to use Bitcoins as there are no fees for deposits and withdrawals or they are very low. Another attractive detail about Bitcoins is that you don’t need to use a bank account or a credit card. So this means that your withdrawals in Bitcoins from online casinos are also tax free. This is pretty important if you are playing from a country which imposes taxation on casino winnings. But what most players value the most about Bitcoin transactions is anonymity. You can freely play at Bitcoin online casinos and your transactions won’t show up anywhere in your bank or credit card statements.
Can I Claim a Bonus by Using Bitcoin?
Yes, Bitcoin is a payment method which is fully eligible for claiming bonuses at online casinos. It’s very rare to come across an online casino which refuses bonus promotions for deposits made via Bitcoin. Some reputable Bitcoin online casinos take this one step further with custom-tailored promos for Bitcoin deposits. So when you decide to play at the casino you will see that the promos for Bitcoin deposits are different and many times more attractive than the ones for other payment methods.
Are Bitcoin Online Casinos Safe to Play at?
The casino security and reputation has no direct connection with Bitcoin. A lot of reputable online casinos allow players to make Bitcoin transactions, but this is also the case with some borderline rogue online casinos. We can guarantee for the operators from our Bitcoin online casinos list. These are all safe operators which have been tested by our experts and have passed the initial tests. If you want to play at some Bitcoin online casino which is not on our list make sure to see whether they have a valid operating license or not. You can also learn a lot about the casino in question by doing some research across gambling forums and casino groups.
Should I Use Bitcoins for Playing at Online Casinos?
This depends solely on you. If you are already using Bitcoins for online transactions then yes you can try using them for playing at online casinos. You can also start using Bitcoins if your current payment methods don’t satisfy your needs. For example, you might have to pay relatively high fees for uploading funds to your e-wallet or you want to receive your winnings faster by using Bitcoins. It may look confusing at first but once you see how easy it is to make deposits and withdrawals at Bitcoin online casinos you will surely use Bitcoins on a daily basis. Also, many Bitcoin e-wallets today have their own Bitcoin card which is linked directly to your account. You can use this card to cash out on the ATM, making the entire cashing out process much easier.
At Casinomarket, we take a thorough approach to rating online Casinos. We score each Casino site on a number of factors – the software, design, bonuses, promotions, variety of markets, ease of deposit and withdrawals and the average user review.
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