Top 6 aspects when choosing the best Bitcoin casino.
What should I pay attention to when choosing the best bitcoin casino? We suggest that you familiarize yourself with the important six aspects when choosing the best bitcoin casino.
If a crypto gambling site is the best in ratings, it does not mean that it will be the best for you.
We recommend that you carefully read the information to understand what you need when choosing the best online bitcoin casino for you and to make crypto gambling as productive as possible.
1. Restrictions on some countries
Pay attention to whether an online crypto casino is available in your country. If you are a user from the USA, it is more reliable to place bets at cryptocurrency casinos, which are offered in our review.
Crypto gambling lovers can use crypto betting suites in different parts of the world.
Crypto casino BetOnline is one of the best crypto casinos that is especially convenient for customers from the USA.
Other online crypto casinos accepting Bitcoin, lake Stake.com , better suited for residents of the UK or Europe.
2. Reputation and trust
Check out the reputation of the site after you have chosen the cryptocurrency casino available in your country.
mBit casino and BitStarz, for example, are fully licensed in accordance with the laws and regulations of Curacao.
This is important for all online crypto casinos. Look at their relationship to customers, whether they respond to support requests, how they resolve conflict situations.
Find out what year the cryptocurrency casino has been operating since.
BetOnline has been operating since 2004. It's been three decades of building a reputation that makes them one of the best bitcoin casino sites in the world.
Other online crypto casinos have only been founded since 2014 or later.
They compensate for this disadvantage with a variety of crypto slots, various casino bonuses and functionality. Therefore, they occupy a good position in the list of best bitcoin casinos.
They demonstrate how a cryptographic method is used, which guarantees that no one will know the ending of the game. Neither a casino with a live dealer nor a player will be able to find out the outcome of the game until it starts.
After completing the game, we can make sure that everything is fair.
4. Speed and conditions of payments and withdrawals
Make sure that you are satisfied with the payout conditions in your bitcoin casino. Pay attention to the speed, requirements and additional information.
mBit makes it possible to get money instantly. This allows you to withdraw your funds in just 10 minutes.
But mBit has a limit on the amount. You can only cash out:
3 BTC (or equivalent in another currency) for a 7-day period.
10 BTC for a 30-day period.
Keep this in mind if you want to play with large amounts. You will have to withdraw them slowly.
If you receive a win of 10 BTC or more in a one-time large win, mBit will divide the payout into ten parts within 10 months.
5. Variety of games
Before that, we understood the practical aspect. Now let's get down to the most interesting and exciting!
Stake.com offers everything for connoisseurs of classic casino games:
Dice, Limbo, Hilo, Keno, Mines, Plinko, Slots, Crash, Wheel, Diamonds, Baccarat, Craps, Video Poker, Lottery, Bingo, Jackpot, Blackjack, Roulette and some other games with live dealers.
If you want something new or diverse, then BitStarz is perfect for you. They have more than 2,200 games and everyone will be able to find something for themselves.BitStarz allows you to bet on horse racing and dog racing. This site will not forget about classic games either.
6. VIP programs and bonuses
If you want to spend your time in an online crypto casino as efficiently and effectively as possible, then keep an eye on VIP programs and casino bonuses. Crypto betting sites offer various casino bonuses and promotions.
BitStarz gives casino bonuses to its regular and special customers that can really please you. They held contests to win a Tesla Model 3, a trip to Tokyo and the Olympics there.
On Wednesdays you can win jackpot prizes and you will be given free spins for regular players.
If you are just trying yourself in the world of crypto gambling, then BetOnline will provide you with a nice casino deposit bonus. You can test your skills in altcoins
100% Casino Welcome Bonus, in which you receive your first three casino deposit bonuses in the amount of 100% from $25 to $1000.
Pros and Cons of Bitcoin Casinos vs Traditional Casinos
Currently, the technology is very advanced.
Online crypto casinos, be it Bitcoin, Dogecoin or, in fact, any other casinos with altcoins, can offer much more and have more advantages than a traditional online casino. We suggest you consider all the pros and cons.
Advantages of a Bitcoin casino
Innovation in cryptography is a significant advantage of crypto gambling sites. They provide financial confidentiality, low fees, fast payouts and much more.
Advantage #1: Financial confidentiality.
Some of the best crypto casinos, such as 1xBit, offer the user complete privacy thanks to cryptocurrency payments.
Some crypto betting sites offer privacy only if you deposit and withdraw bitcoins and other altcoins.
Financial confidentiality is quite important as it will help to avoid problems in the future. Privacy hides your activities from your banks, credit rating agencies and, let's be honest, from your spouse or husband too.
Financial privacy in crypto gambling sites provides you with financial freedom and independence.
You can manage your money as you want.
Advantage #2: Low fees
Traditional casinos often have fees that charge your money: credit card fees, deposit and withdrawal fees, etc.
Traditional casinos are clearly losing in this aspect. But online crypto casinos have a significant advantage.
You can save your money and do without monetary commissions when transferring bitcoin and other cryptosystems.
At the same time, such as litecoin casinos are still much cheaper.
Static research results have proven that
the commission for transfers using bitcoin and cryptography can be as much as 90% less than the fee for traditional bank transfers.
Advantage #3: Play from anywhere
Casinos must comply with many rules and follow the requirements.
Casinos must have a license to operate in each country. It is necessary to pay fees, taxes and report suspicious actions of each of them, etc.
Casinos may receive fines and sanctions if they work with players from countries for which they have not received a permit.
Traditional casinos will restrict access for you to avoid unnecessary problems. Bitcoin Casino offers deposits and withdrawals in cryptocurrencies that can be made from anywhere in the world.
For example, 1xBit, works with players from any country and provides them with anonymity. However, you may need a VPN to access their site. It depends on your geolocation and is easily solved.
You should be careful because some casinos will accept your deposits, but will refuse to withdraw funds as soon as they notice that you are from a country with limited access. Always read the terms and conditions of each casino before starting the game.
Advantage #4: Bigger and better casino bonuses
The best bitcoin casino sites offer their players regular and pleasant casino bonuses, unlike traditional online casinos. Why?
Cryptocurrency casinos allow them to save money on fees for deposits and payments, fees for refunds and much more.
Online crypto casino big bonuses. After that, they give you part of these savings in the form of frequent casino bonuses and promotions. This is a profitable solution for everyone.
Disadvantages of online crypto casino
Bitcoin casinos also have their drawbacks.There may be some risks when using an online crypto casino, there are certain risks. Thanks to the Bitcoin casino review, you will be able to find out about all the nuances and understand whether this type of online casino is suitable for you.
Disadvantage #1: Lack of regulation
Traditional casinos, especially physical ones, must have a license and comply with KYC/AML rules.
This is because the fiat currency circulates between the parties. Funds pass through banks, financial institutions, and governments.
Managing an unlicensed casino based on fiat money is quite risky and illegal. At some point, the authorities may pay attention to this and there will be problems with the law.
On the other hand, working exclusively with cryptocurrencies facilitates the work of the best BTC casinos without a license.
Unlicensed Bitcoin casinos do not report to any third party or government.
Consequently, there is an increased risk that they act unfairly or conduct exit fraud.
Make a choice in favor of licensed cryptocurrency casinos that accept bitcoins from our list.
If you choose an unlicensed bitcoin casino, which is highly undesirable, then check its reputation. Read reviews, rules and all information about this casino. You have to be sure of reliability.
Disadvantage 2: No chargebacks
Traditional casinos accept deposits only with a credit card or other traditional fiat payment methods.
Therefore, they also have to deal with chargebacks imposed on them by third financial parties. It's part of the system.
If you feel that you have been cheated, you can always ask your credit card provider to make a refund, which will allow you to get your funds back.
But when you make a deposit in bitcoins or cryptocurrencies, you cannot request a refund at crypto betting sites, since there is no financial intermediary there.
One of the advantages of crypto gambling is that all transactions are permanent, without the involvement of any third party.
But this means that you need to be more responsible and careful when sending your cryptocurrency, because you won't be able to get it back.
That's why choosing a licensed cryptocurrency casino becomes an even more responsible task.
Disadvantage 3: Cryptocurrency Price Volatility
Bitcoin has a reputation as a threshing device.
If you deposit BTC in the amount of $ 10,000 and win $ 2,000, then do not rush to rejoice. The gain will not seem so big because the price of bitcoin will fall. The withdrawal will be only $5,000. This problem cannot be ignored.
However, not everything is so bad because you can play for an amount 3 times the amount of your initial deposit.
Being a cryptocurrency casino user is like playing multiplication gambling or hardcore gambling.
At the moment, bitcoin prices vary, but we hope that this will settle down in the future.
Choose the best crypto casinos and plan your money. Put the amount that you are ready not only to multiply but also to spend.
New to Bitcoin casinos? Here's how to Buy Your First Bits
In general, playing the best crypto casino has many advantages.
The sooner the better.
At the beginning of your journey, you will need some Bitcoin
We recommend you the best platforms for buying bitcoin. We recommend these exchanges for bitcoin casinos, lies in the fact that they do not have a policy prohibiting the use of their website for gambling purposes, unlike most existing crypto exchanges.
Switching to the Best crypto casinos is a Simple Solution
Thanks to our recommendations, you can carefully read all the information. You can choose the best crypto gambling sites and spend your time with maximum benefit.
We have selected 10 proven bitcoin casinos that have high-quality service, a good attitude to customers, regular promotions and profitable casino bonuses.
This is a great opportunity to place bets on the best crypto betting sites and collect your winnings. We hope that our article was informative for you and you will usefully use the knowledge gained.