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The Best Bitcoin Casinos

Gambling with Bitcoin has never been easier

Are you looking for a Bitcoin casino? You've come to the right place!

The Bitcoin Strip is the number one most trusted Bitcoin casino review site, offering players everything they need to know about Bitcoin and Crypto gambling. From in-depth slot and Bitcoin casino reviews to top-quality bonuses and groundbreaking industry news, we are your one-stop shop for all things crypto and all things gambling.

As a site, our priority is to inform and protect the Bitcoin gambling community with 100% honest reviews, rankings, scam alerts, statistics, and information.

We have reviewed and rated over 200 unique Bitcoin casinos available to players all around the world.

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Getting Started with a Bitcoin Casino

Getting Started with a Bitcoin Casino
  1. Getting started with Bitcoin casinos is as easy as one, two, three. Here is everything you need to know about Bitcoin gambling to ensure that you are armed with all the correct information to start your Bitcoin Casino journey on the right foot.

  2. Get a Bitcoin wallet

    To play at a Bitcoin casino, the first thing you'll need is a Bitcoin wallet. There is a wide range of different Bitcoin wallets for users with different technical requirements. The best Bitcoin wallets for gambling are mobile wallets, desktop wallets, and web wallets. We recommend them because these types of Bitcoin wallets are easy to access and can move with you. Here are some of our favorite Bitcoin wallets for Bitcoin and crypto gambling:

    Blockchain.com
    EDGE (FORMERLY AirBitz)
    BRD WALLET (USED TO BE CALLED BREAD)

    Once you have decided which Bitcoin wallet will work best for you, you will need to set it up. Most Bitcoin wallets require some kind of Know Your Customer (KYC), so have your ID or passport handy!

    Withdrawing funds from a Bitcoin Casino to a Bitcoin wallet is a secure way of transacting. The wallet contains a private key for security which corresponds to the address of the wallet.

  3. Buy Bitcoin

    Once you have set up your Bitcoin wallet, the next step to playing at a Bitcoin Casino is to buy Bitcoin and deposit it into your newly created wallet. Bitcoin can be purchased from a variety of locations. For the majority of Bitcoin Casino users, the easiest and most accessible option is to use one of the big Bitcoin exchanges. Here are some of the best places for players to buy bitcoin:

    Coinmama
    Coinbase
    Localbitcoins.com

  4. Deposit at a Casino

    Send your newly bought Bitcoins to your wallet's BTC address. Once the funds arrive in your wallet, they can be deposited into your Bitcoin casino's wallet. Avoid sending cryptocurrency directly from an exchange to a casino as funds could be frozen.

New Bitcoin Casinos Added This Week!

You know what they say, a change is as good as a holiday! If you are looking for a new Bitcoin casino, then look no further than our latest partner list. Take a look at our in-depth and honest review and take advantage of some top-of-the-range deposit and no-deposit Bitcoin bonuses.

Bitcoin Casino Casino Rating Date Added Featured Bonus Review
AurumPalace Casino 72 22 Jul 2021 10 No Deposit Free Spins Read More
Level Up Casino 80 19 Jul 2021 €/$400 (5 BTC) + 200 Free Spins Read More
Cadabrus Casino 80 16 Jul 2021 100% up to €500 + 100 Free Spins Read More
SportsandCasino 77 15 Apr 2020 25% Extra Cash Read More

Top 30 Bitcoin Casinos December, 2024

With so many Bitcoin casinos on the market, it can be challenging to know which casinos are legit and which casinos are better off avoided! Don’t worry, because we have done all the leg work for you! After extensive research and vetting, we have put together a list of some of the top Bitcoin and crypto casinos for you to enjoy!

Expert Reviews
Crypto Banking
Disclosure
Advertising Disclosure

Thecryptostrip.com thoroughly reviews the casinos listed on this website as a means to provide accurate and valuable information to its readers. To continue providing free access to the public, this website accepts commission payments from some of the casino operators shown below. However, we do not accept direct payments for casino ratings.

Casino Rank #1
Rating
97
Welcome Offer (T&Cs Apply)
$100 in reloads for depositing $100 on Stake
  • Exclusive

Welcome Offer

Get a total of $100 USD in reloads for depositing more than $100 on Stake. The reload will consist of $2.5 per day, spread across 40 days that can be claimed with a simple click of a button on the site. This bonus does not have any strings attached, no turnover requirements or anything like that. Deposit more than $100, and you can claim $2.5 per day during 40 days. Conditions: Total deposit amount has to be higher than $100 (the equivalent in crypto at that time). Player has to have the email verified. Only one bonus per person

18+. Full T&Cs apply. Please gamble responsibly.

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Key Features
  • 12 bespoke games, all uniquely designed
  • Fun and charming design style with experience points and rewards
  • 24/7 live support
  • Offers Casino and Sport
Casino Rank #2
Rating
96
Welcome Offer (T&Cs Apply)
200% Bonus + Welcome Package Up To 7BTC + Daily Lucky Spin
  • Code: $[BCGAME-19XHBMMHPDHO6EB1VNRHK3UU3GAGCXWBPZ]$

Welcome Offer

You will get an amazing bonus in BCD if you deposit the target amount or more. Wager to receive BCD and it will be credited to your account balance.

Wager Requirement: 0x

18+. Full T&Cs apply. Please gamble responsibly.

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Key Features
  • One of the best Bitcoin crash games
  • Faucet and bonuses await!
  • Live chat with rain feature
Casino Rank #3
Rating
92
Welcome Offer (T&Cs Apply)
25 Free Spins No Deposit
  • No Deposit
  • Code: FS202009210836
  • Exclusive

Welcome Offer

Register and activate bonus with the code

Wager Requirement: 40x

18+. Full T&Cs apply. Please gamble responsibly.

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Key Features
  • Innovative Games
  • Bitcoin Faucet
  • Anonymous
Casino Rank #4
Rating
93
Welcome Offer (T&Cs Apply)
120% up to 1.5 BTC +250 Free Spins
  • Code: TBSEXCL120
  • Exclusive

Welcome Offer

The minimum amount that can be deposited in order to claim a deposit bonus is 0.002 BTC 250 Free Spins are granted 25 Free Spins per day

Wager Requirement: 30x

18+. Full T&Cs apply. Please gamble responsibly.

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Key Features
  • Players welcome from all 7 continents
  • BTC, ETH and more cryptos accepted
  • Immediate withdrawals
  • 2500+ casino games to play now!
Casino Rank #5
Rating
93
First Deposit (T&Cs Apply)
150% up to 2 BTC + 100 free spins
  • Exclusive

First Deposit

min wager required to activate

Wager Requirement: 40x

18+. Full T&Cs apply. Please gamble responsibly.

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Key Features
  • No personal details required
  • Established since March 2014
  • Huge range of casino games
  • VIP program

Bitcoin Hotshots: December, 2024

Its nearly time for the the festivities to commence and to get you feeling a little more than jolly we have put together a list of Bitcoin casinos that are bringing more than their fair share of gift giving.

Disclosure
Advertising Disclosure

Thecryptostrip.com thoroughly reviews the casinos listed on this website as a means to provide accurate and valuable information to its readers. To continue providing free access to the public, this website accepts commission payments from some of the casino operators shown below. However, we do not accept direct payments for casino ratings.

Casino Rank #1
Rating
97
Welcome Offer (T&Cs Apply)
$100 in reloads for depositing $100 on Stake
  • Exclusive

Welcome Offer

Get a total of $100 USD in reloads for depositing more than $100 on Stake. The reload will consist of $2.5 per day, spread across 40 days that can be claimed with a simple click of a button on the site. This bonus does not have any strings attached, no turnover requirements or anything like that. Deposit more than $100, and you can claim $2.5 per day during 40 days. Conditions: Total deposit amount has to be higher than $100 (the equivalent in crypto at that time). Player has to have the email verified. Only one bonus per person

18+. Full T&Cs apply. Please gamble responsibly.

Get Bonus
Key Features
  • 12 bespoke games, all uniquely designed
  • Fun and charming design style with experience points and rewards
  • 24/7 live support
  • Offers Casino and Sport
Casino Rank #2
Rating
80
Rakeback (T&Cs Apply)
Instant Rakeback

Rakeback

18+. Full T&Cs apply. Please gamble responsibly.

Get Bonus
Key Features
  • Community Chat
  • Fast Payouts
  • Offers multiple gambling markets
  • Has own coin system
Casino Rank #3
Rating
93
Welcome Offer (T&Cs Apply)
120% up to 1.5 BTC +250 Free Spins
  • Code: TBSEXCL120
  • Exclusive

Welcome Offer

The minimum amount that can be deposited in order to claim a deposit bonus is 0.002 BTC 250 Free Spins are granted 25 Free Spins per day

Wager Requirement: 30x

18+. Full T&Cs apply. Please gamble responsibly.

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Key Features
  • Players welcome from all 7 continents
  • BTC, ETH and more cryptos accepted
  • Immediate withdrawals
  • 2500+ casino games to play now!
Casino Rank #4
Rating
93
First Deposit (T&Cs Apply)
150% up to 2 BTC + 100 free spins
  • Exclusive

First Deposit

min wager required to activate

Wager Requirement: 40x

18+. Full T&Cs apply. Please gamble responsibly.

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Key Features
  • No personal details required
  • Established since March 2014
  • Huge range of casino games
  • VIP program
Casino Rank #5
Rating
91
Welcome Offer (T&Cs Apply)
Welcome Package Up to 7BTC

Welcome Offer

Min deposit 5 mBTC. First 4 deposits credited with a bonus. 1st deposit - 100% bonus up to 1 BTC

Wager Requirement: 40x

18+. Full T&Cs apply. Please gamble responsibly.

Get Bonus
Key Features
  • High quality live casino games
  • Comprehensive sportsbook
  • Available to anyone in the world and accepts several cryptos!
Casino Rank #6
Rating
93
Welcome Offer (T&Cs Apply)
100% Up To €500

Welcome Offer

min deposit activates

Wager Requirement: 40x

18+. Full T&Cs apply. Please gamble responsibly.

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Key Features
  • Offers esports,sportsbook and casino
  • Generous first deposit bonus
  • Provably Fair
  • 24/7 live chat
Casino Rank #7
Rating
87
Welcome Offer (T&Cs Apply)
Earn Free Bitcoin

Welcome Offer

depending on the cryptocurrency you use when placing bets, you will get BFG(BTC) and BFG(TRX) subtokens accordingly: Bet with BTC - get BFG(BTC); Bet with TRON  (TRX, USDT, BTT) - get BFG(TRX). All tokens that have been mined before BetFury 2.0 update by users are saved as BFG(TRX). Basic native BetFury game token (BFG) continues to be based on TRC-20 smart contract. It means that mining BFG(TRX) / BFG(BTC) subtokens is just a solution to start a new mining cycle on the BetFury platform.

18+. Full T&Cs apply. Please gamble responsibly.

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Key Features
  • Binance Betfury Partnership
  • Has own coin BFG
  • Earn up to 15% on referral
  • Offer staking
Casino Rank #8
Rating
88
Welcome Offer (T&Cs Apply)
150% up to 1BTC + 150 Free Spins

Welcome Offer

The maximum amount of the Bonus is 40mBTC / 200€

Wager Requirement: 35x

18+. Full T&Cs apply. Please gamble responsibly.

Get Bonus
Key Features
  • 50BTC weekly Bitcoin lottery
  • Unique set of games plus many classics
  • Immediate withdrawals
Casino Rank #9
Rating
80
First Deposit (T&Cs Apply)
100% up to 1BTC

First Deposit

Min deposit of 0.003BTC to claim bonus.

Wager Requirement: 40x

18+. Full T&Cs apply. Please gamble responsibly.

Get Bonus
Key Features
  • Regular Tournaments on Offer
  • Fast Payouts
  • Accept Cryptocurrency and Fiat Currency
  • 24/7 Live Chat
  • Generous Bonuses
Casino Rank #10
Rating
86
Welcome Offer (T&Cs Apply)
5 BTC + 170 Free Spins

Welcome Offer

Min desposit activates. Split over first 4 deposit

Wager Requirement: 40x

18+. Full T&Cs apply. Please gamble responsibly.

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Key Features
  • Live Chat
  • Free no deposit spins
  • Mobile friendly
  • Offers tournaments and lotteries
Casino Rank #11
Rating
81
Welcome Offer (T&Cs Apply)
100% up to 100mBTC
  • Exclusive

Welcome Offer

min deposit

Wager Requirement: 45x

18+. Full T&Cs apply. Please gamble responsibly.

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Key Features
  • Unique Level Up loyalty program
  • Casino and Sportsbook
  • Provably fair
  • Rewarding deposit bonus
Casino Rank #12
Rating
86
First Deposit (T&Cs Apply)
100% Up To 1BTC + 10 Free Spins

First Deposit

This promotion is for Bronze Level II VIP members and higher. After your first deposit as a Bronze II member please contact support, include your username and ask for your first deposit bonus for the casino.

Wager Requirement: N/A

18+. Full T&Cs apply. Please gamble responsibly.

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Key Features
  • Leading anonymous casino
  • Enticing welcome offers
  • VIP program and rakeback
  • Sportsbook and esports
Casino Rank #13
Rating
83
Welcome Offer (T&Cs Apply)
Deposit Bonus 2.0

Welcome Offer

With Deposit Bonus 2.0 you can multiply your balance with leverage provided by DuckDice. Contribute your share – an amount of cryptocurrency that will be part of a bonus balance. Every bonus campaign have different minimum and maximum amounts which impact a credit from DuckDice. Essentially, the bigger your share, the bigger the credit

18+. Full T&Cs apply. Please gamble responsibly.

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Key Features
  • Free Bitcoin faucet!
  • Provably fair dice game
  • Community chat and airdrops
Casino Rank #14
Rating
82
First Deposit (T&Cs Apply)
100% up to €300 + 22 Bet Points

First Deposit

22 Bet Points can be u.sed on sports

Wager Requirement: 50x

18+. Full T&Cs apply. Please gamble responsibly.

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Key Features
  • Focus on sports and esports
  • Live casino also available
  • Several cryptocurrencies accepted
  • 24/7 Support
Casino Rank #15
Rating
81
First Deposit (T&Cs Apply)
100% up to €1000/0.02 BTC + 100 FREE SPINS
  • Code: WILD100

First Deposit

18+. Full T&Cs apply. Please gamble responsibly.

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Key Features
  • Hybrid Casino
  • Multi-Lingual
  • 24/7 Support
  • Multiple Deposit & Withdrawal Methods
Casino Rank #16
Rating
81
First Deposit (T&Cs Apply)
100% up to 0.2BTC + 30 Free Spins

First Deposit

Minimum deposit of 0.0001BTC

Wager Requirement: 35x

18+. Full T&Cs apply. Please gamble responsibly.

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Key Features
  • Long standing Bitcoin casino
  • Regular promotions
Casino Rank #17
Rating
80
Welcome Offer (T&Cs Apply)
200% + 20 Free Spins
  • Code: 20 FREE
  • Exclusive

Welcome Offer

Maximum Cash Out: 0.00100000 BTC, 0.01000000 BCH, 0.010000000 ETH, 0.05000000 LTC, and 2,000.00000000 DOG

Wager Requirement: 40x

18+. Full T&Cs apply. Please gamble responsibly.

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Key Features
  • VIP club with up to 10% cashback
  • 1000+ casino games
  • Jackpot games
Casino Rank #18
Rating
79
Welcome Offer (T&Cs Apply)
Win a share of a Jackpot at Bitkong

Welcome Offer

To win the first seven signs of the bets first-row hash must be 77 77 77 7

18+. Full T&Cs apply. Please gamble responsibly.

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Key Features
  • Free Bitcoin faucet
  • Unique and exciting Bitcoin game
  • Regular promotions and prizes to be won
Casino Rank #19
Rating
78
First Deposit (T&Cs Apply)
100% Up To €1,500

First Deposit

Minimum deposit is 20 DCP / 10 EUR to qualify for each offer. Up to 30 days to complete the wagering requirement.

Wager Requirement: 35x

18+. Full T&Cs apply. Please gamble responsibly.

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Key Features
  • Sports, casino, esports and live betting available
  • Tournaments
  • Live Chat
  • Sports and casino bonuses
Casino Rank #20
Rating
79
First Deposit (T&Cs Apply)
100% up to €100 +100 Free spins

First Deposit

Minimum deposit €20. Spins will be issued 20 per day x 5 days

Wager Requirement: 50x

18+. Full T&Cs apply. Please gamble responsibly.

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Key Features
  • Fast payouts
  • Comprehensive VIP program
  • Unique bonus buy feature
Casino Rank #21
Rating
92
Welcome Offer (T&Cs Apply)
25 Free Spins No Deposit
  • No Deposit
  • Code: FS202009210836
  • Exclusive

Welcome Offer

Register and activate bonus with the code

Wager Requirement: 40x

18+. Full T&Cs apply. Please gamble responsibly.

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Key Features
  • Innovative Games
  • Bitcoin Faucet
  • Anonymous
Casino Rank #22
Rating
85
Welcome Offer (T&Cs Apply)
Unlock 2,000 FUN & 0.005 ETH
  • No Deposit

Welcome Offer

Receive 1,000 FUN and 0.005 ETH just for signing up – NO DEPOSIT REQUIRED. You’ll receive another 1,000 FUN if you play any game with FUN within 3 days of registration.

Wager Requirement: 0x

18+. Full T&Cs apply. Please gamble responsibly.

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Key Features
  • Built on the Ethereum blockchain
  • Non-custodial
  • Fate-channels for fast action

Bitcoin Bonuses

At TheBitcoinStrip.com you can expect to find some fantastic Bitcoin casino bonuses on offer. We work with partners across the world to provide our visitors with exclusive deals to help you get the best possible bang for your Bitcoin! Our listed bonuses range from first Bitcoin deposit bonuses and welcome packages through to free spins, free bets, and everything in between. A number of our partners also offer fantastic loyalty rewards and unique prizes, and no deposit bonuses that are sure to impress.

Our list of bonuses is updated weekly, and we work around the clock to ensure the details are as up-to-date as possible. Instructions and requirements for claiming any of the bonuses on this website can be found by hovering over the Terms and Conditions icon below.

Not all bonuses are equal. Learn more about the various Bitcoin bonus requirements here.

Added 25 Nov 2019
93
110% Up To 1.5BTC + 250 Free Spins
First Deposit (T&Cs Apply)

First Deposit

Min deposit 0.002 BTC. Bonus valid for 14 days to be wagered. Free spins rollover is 50x and free spins must be used by midnight BST on date of issue.

Wager Requirement: 30x

18+. Full T&Cs apply. Please gamble responsibly.

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Added 13 Nov 2019
91
Welcome Package Up to 7BTC
Welcome Offer (T&Cs Apply)

Welcome Offer

Min deposit 5 mBTC. First 4 deposits credited with a bonus. 1st deposit - 100% bonus up to 1 BTC

Wager Requirement: 40x

18+. Full T&Cs apply. Please gamble responsibly.

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Added 19 Nov 2019
87
Free Spins and Up To 10% Cashback
Free Spins (T&Cs Apply)

Free Spins

18+. Full T&Cs apply. Please gamble responsibly.

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Added 06 Dec 2019
125% up to 1BTC + 180 Free Spins
First Deposit (T&Cs Apply)

First Deposit

Up to 4BTC in bonuses on next 3 deposits. Minimum deposit of 0.006 BTC.

Wager Requirement: 40x

18+. Full T&Cs apply. Please gamble responsibly.

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Top Bitcoin Games

Bitcoin casinos are full of vibrant games that range from traditional slots through to entirely new formats such as Dice and Crash. These games are growing in popularity thanks to the numerous benefits that Bitcoin has over other currencies. We have reviewed the latest and greatest Bitcoin games from world-class software through to unique games that are perfect for the more casual player.

Bitcoin Slots

Bitcoin slots are a favorite among gamblers and there are thousands of them available to Bitcoin gamblers. Leading software providers like NetEnt, Endorphina and BetSoft have made their Bitcoin slots available to some of the best Bitcoin casinos. Players can spin the reels on anything from the classic fruit machine through to blockbuster 3D slots like NetEnt’s Guns & Roses. Whether you’re looking for multipliers, bonus rounds, Bitcoin free spins or unique gameplay, our expert reviews have you covered. We have reviewed and rated over 300 different Bitcoin slots as well as proprietary slot games from Bitcoin Casino greats like Stake and Bitsler.

Added 16 Aug 2018
Guns N’ Roses

Guns N’ Roses

NetEnt
96
  • Autoplay
  • Multipliers
  • Free Spins
  • Jackpot
Added 22 Aug 2018
At the Copa

At the Copa

BetSoft
87
  • Autoplay
  • Multipliers
  • Free Spins
  • Jackpot
Added 16 Mar 2021
The Green Knight

The Green Knight

Play’n GO
  • Autoplay
  • Multipliers
  • Free Spins
  • Jackpot

Crash Games

Bitcoin Crash is a unique game that was first introduced by the bustabit casino in 2015. The game has since been adapted for a host of other casinos but its simplicity remains: take your profit before the price crashes! Inspired by the volatile price of Bitcoin, Crash sees players earn an ever increasing multiplier (shown visually on a chart) before it crashes to zero at a random time. These games are often played alongside a live community chat feature, allowing players to interact with one another and creating a unique and friendly atmosphere that is not matched anywhere else.

Dice Games

SatoshiDice created the original Bitcoin Dice game all the way back in 2012. The game, which was unique at the time, allowed to players to set their win probability and bet size with a few simple clicks before letting the dice roll. The game has since been improved greatly and now allows players to bet with lightning fast speed using an “auto-roll” feature. Most Bitcoin Dice casinos have also introduced the concept of provable fairness, allowing players to validate the randomness of a dice roll by using open source software. Bitcoin Dice is now available at dozens of BTC casinos, each with its own unique style and game-play. We have reviewed and rated the top Bitcoin dice casinos sites in the industry to help you find a great place to play.

Other Top Casino Games

Bitcoin slots, crash and dice are among some of the most popular games played at Bitcoin casinos, however there are a large number of other game types that players love. These include:

Each of the pages above will list the best Bitcoin casinos for their respective games. Don’t forget, The Bitcoin Strip also provides betting reviews for poker, sports and esports betting. Use the navigation to find the games that you’re looking to play.

Can I bet with cryptocurrencies other than Bitcoin?

Bitcoin isn’t the only cryptocurrency that can be used for gambling. Over the years, casinos have adapted to accept deposits and withdrawals for an enormous range of “altcoins“. These alternative cryptocurrencies include the likes of TRON (TRX), Ethereum (ETH) and Ripple (XRP) and each vary in popularity. More obscure cryptocurrencies can also be used for gambling and some casinos have even created their own tokens – most notably Edgeless’ EDG token and CasinoFair’s FUN token.

While Bitcoin remains king for cryptocurrency gamblers, a handful of altcoins have had significant growth in the online casino space.

Ethereum

Ethereum (ETH) is the second most valuable cryptocurrency behind Bitcoin and has been used for casino deposits and withdrawals since 2017. The cryptocurrency works in a similar way to Bitcoin, allowing users to send and receive ETH from their Ethereum wallet. The one major difference between Ethereum and Bitcoin is in the use of smart contract casinos, allowing players to bet without a third party.

Best Ethereum Casinos

Rank Ethereum Casino Rating Featured Bonus Play
1 Level Up Casino 80 €/$400 (5 BTC) + 200 Free Spins Play Now

Stablecoins

For many gamblers, Bitcoin’s appeal comes from its enormous price volatility. Players who successfully win Bitcoin can see their profits rise and fall at a significant rate, adding to the excitement of the win. On the other hand, this price volatility can be extremely off-putting for the more risk-averse gambler. For these players, betting with a stablecoin (a cryptocurrency whose value is pegged to a currency like US Dollars) provides much more certainty over the exact value of any given win or loss. Stablecoins inherit all of the benefits of a cryptocurrency (private and censorship-resistant*) but without the price volatility of a coin like Bitcoin or Ethereum. We have rated and reviewed dozens of stablecoin casinos and this list is growing fast!

* Not all stablecoins are equal. The most censorship-resistant stablecoin is DAI.”

Best Stablecoin Casinos

Rank Stablecoin Casino Rating Featured Bonus Play
1 Level Up Casino 80 €/$400 (5 BTC) + 200 Free Spins Play Now

Live Casinos

Bitcoin can be used to play at a wide range of live casinos with real dealers and croupiers. These casinos feature games such as live blackjack, roulette, baccarat and poker among others. Live dealers bring the atmosphere of Las Vegas straight to your home, providing true-to-life gameplay that sets itself apart from other online casino games out there. There are now a huge number of live Bitcoin casinos to choose from, with each being independently reviewed and rated by the experts at The Bitcoin Strip. If you’re looking for the excitement and immersion of betting Bitcoin with real-life dealers, then you’ve come to the right place!

Best Bitcoin Casinos for Live Dealers

Rank Live Casino Rating Featured Bonus Play
1 SportsandCasino 77 25% Extra Cash Play Now
2 AurumPalace Casino 72 10 No Deposit Free Spins Play Now

How Bitcoin is Changing Online Gambling

Bitcoin has been wildly successful among gamblers and online gambling. What’s remarkable is that Bitcoin’s potential for online casinos started showing even before 2013, when the cryptocurrency was met with success in global markets. But what is it that makes Bitcoin so appealing to people in this industry?

The fundamentals

The fact that Bitcoin lacks a central authority is one of its core virtues. Nobody can regulate it effectively. This has allowed for developers to experiment with use cases that weren’t possible or even “legal” with conventional means of payments. Anyone can program Bitcoin and the lack of regulation for it serves like a free pass to limitless creativity.

Not only is Bitcoin too difficult regulators to touch, but its decentralized system and infrastructure are tamper proof when it comes to malicious intervention by third parties. Put simply, if regulators and authorities tried to undermine the businesses involved with Bitcoin gambling, users would remain unaffected as Bitcoin casinos would find ways to avoid regulation.

On the technical side, fast transactions and minimal fees make Bitcoin ideal for easily accessible gambling. This along with the fact that Bitcoin transactions are truly irreversible makes it a great tool for both players and online casinos. Whereas players using conventional payment means would have to fund several accounts and wait for sometimes slow and expensive transactions to clear, occasionally even having to pay fees on their profits for ‘fraud prevention’ due to widespread credit card risks with gambling.

Moreover, Bitcoin transactions are not associated with a name. Bitcoin’s ability to enable anonymous financial transactions spawned several platforms that made use of that feature. Anonymous gambling had never been so accessible prior to cryptocurrency.

When did online casinos fall in love with Bitcoin?

Although there were some early examples of Bitcoin-enabled gambling like Satoshi Dice and bitZino, adoption from mainstream online casinos didn’t really take off until well after Bitcoin came into the spotlight.

Something changed back in 2013, the outlook of the financial crisis wasn’t good and many people that were already looking for alternative investments stumbled upon Bitcoin. Bitcoin usage went parabolic when the price hit $100 in April 2013, only for that to be topped off several years later with an all time high of ~$20,000.

In the meantime, another thing that skyrocketed was demand for ways to use Bitcoin without having to exchange it. As Bitcoin had also proved to be a great speculative tool there was a lot of demand for fully-fledged gambling as well. Traffic to the already-existing casinos that supported Bitcoin exploded, and for a time, it seemed as though new operators were being launched every day.

The excitement of the developer community back then gave way to experimentation with Bitcoin by online casinos and several were met with major success. At least a couple of Bitcoin casinos that had a humble launch back in 2013, gradually built up trust and have since had hundreds of millions in dollars wagered on their platforms.

The “rollout” of provable fairness

int getRandomNumber() { return 4; }

Satoshi Dice was an early pioneer in the Bitcoin casino industry. It featured a single game, Bitcoin dice, which the gambling community quickly fell in love with.

The idea was simple, roll some digital dice and win or lose based on the outcome. While the game was groundbreaking in its simplicity, it was the features that got players excited. Users could set the odds as they liked, change their bets from fractions of a penny to thousands of dollars and “roll the dice” as fast as they could send their Bitcoin transactions (back then, Satoshi Dice took “on-chain” bets).

Most importantly though, it was the low house edge and provable fairness that got players hooked with this game format and made Satoshi Dice so successful. Players could spend all day wagering custom amounts of Bitcoin, and still have mathematical proof that each and every dice roll they did was randomly selected as a win or loss based on the odds they had selected.

While Satoshi Dice is still an active website, some if its successors have been met with even greater success.

Satoshi Dice no longer ranks first when it comes to the volume of bets. Certain casinos like Stake managed to come up with and implement further improvements for their provably fair Bitcoin dice games. For Stake, their success has been so great that the website now offers dozens of proprietary games as well as a sportsbook.

As of technical improvements, the most important one was making bets off-chain, this way users could load their accounts with however much money they wanted to bet with by sending single Bitcoin transactions. This made the dice rolling process significantly faster as there wasn’t any need to transfer Bitcoin for every bet. Additionally, house edge on most Bitcoin dice games is 1%, which is extremely low compared to traditional casino games.

One of the final moves that helped these new Bitcoin dice games succeed was in making the gameplay more community oriented. Many people would show up to wager pennies and chat with others, while others would converse with the casino’s developer.

Only with Bitcoin

One could argue that Bitcoin is, more or less, programmable money. Nobody can mandate what it should be used for but everybody is free to find his or her own use-cases.

It’s this programmability that has allowed for unique innovations within gambling. Talented developers can bring their ideas to life by using Bitcoin and we’ve already seen the arrival of groundbreaking gambling platforms powered by the cryptocurrency.

One example of Bitcoin-only innovation would be the idea of user-funded gambling. Such websites were unheard of before Just-Dice was swarmed with new users. An event that encouraged the founder and lead developer to implement a crowdfunding solution through which users were able to invest in the house. This solution made Just-Dice one of the most bankrolled Bitcoin casinos of its time, allowing for bets of extremely high monetary value to be placed in the website.

Bitcoin’s contribution to online gambling doesn’t just stop at financing solutions for gambling platforms. There have been countless unique cryptocurrency-only games. One such game, bustabit, was described by its creator as a “social Bitcoin gambling game in which you place a bet and cash out before the bust event”. This new game, which came to be known as “Bitcoin crash“, was so unique that even the developer had a hard time describing it.

It was this game that inspired its owner to create the gambling wallet called MoneyPot. MoneyPot serves as a wallet for users and operators, which aims to empower provably fair gambling. Users of MoneyPot can handle balances on several provably fair online casinos with a single account, track their winnings and even invest in MoneyPot’s business by funding it, which in its turn funds the affiliated casinos and profits from their house edge.

The state of Bitcoin gambling today and in the future

Bitcoin’s free market has allowed for many innovations in gambling, attracting healthy competition and providing numerous options for BTC gamblers. There are several reputable casinos, dice games, sportsbooks, countless Bitcoin-only games and even investment opportunities in Bitcoin’s gambling industry.

Those that want to try out new casino technology are able to do so with Bitcoin, where innovative new websites and games are constantly popping up. New websites aren’t always successful but oftentimes engaging with a new Bitcoin website is a great experience for both the developers and players alike – Bitcoin gambling is still a niche market that can be very community oriented and fun to be a part of. Bitcoin’s gambling community is very vibrant in spite of its youthfulness, something that is especially noticeable in related forums like BitcoinTalk.

Overall, gambling is already a very big part of Bitcoin and one of its most popular use-cases so far. Bitcoin’s nature makes it especially fitting for activities like gambling and while the cryptocurrency’s success with the rest of the world might not be guaranteed, it’s already increasingly popular among gamblers and has a guaranteed future in the industry.

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Betting with safety in mind

Bitcoin is still a relatively new cryptocurrency that has grown rapidly over a very short period of time. As a result, many regulators have not yet created clear guidance for the use of Bitcoin and other cryptocurrencies in gambling. While players should expect the same rules to apply to Bitcoin casinos as they do to traditional casinos, the use of Bitcoin for betting is a regulatory grey area for many.

This lack of clarity shifts a significant amount of the risk onto casino operators and players. It is essential that players take additional steps to avoid being caught out in this new and emerging market.

Casino Licensing

Bitcoin casinos come in all shapes and sizes. While some casinos may hold a license from the Malta Gaming Authority or Curacao’s eGaming body, other Bitcoin casinos will have no license at all. A Bitcoin casino license ensures that the operator has met the requirements set out by the regulator. These requirements guarantee a certain level of security for the casino’s players and should be considered carefully when choosing a casino.

One of the most prominent and well-trusted license comes from the UK Gambling Commission (UKGC). Unfortunately for the Bitcoin players, the UKGC have yet to provide a regulatory framework for Bitcoin casinos and as such, there are no UKGC licensed casinos available for Bitcoin players.

Self-regulation

With the lack of clear oversight provided by many regulators around the world, Bitcoin casino operators have taken it upon themselves to self-regulate. Self-regulation comes in a number of different forms, however the most common example of this comes from the use of provable fairness. By using a provably fair random number algorithm, players are able to validate that the outcome of a bet was genuinely random.

Ethereum has also helped operators self-regulate through the use of smart contracts. With the use of smart contracts, a casino is able to operate their games without ever taking custody of player funds. This dramatically decreases the risks associated with gambling online and is fast gaining popularity among players in this space.

Gamble responsibly

When it comes to Bitcoin, gambling responsibly is more important than ever as casino betting limits and time outs are often unavailable. Users should consider all the available advice from BeGambleAware.org whilst also applying some additional safety measures that are specific to Bitcoin:

  • Bitcoin benefits and suffers from a low-regulation environment. Be on high alert if choosing to play at an unlicensed casino and never deposit more than you need to play with in a single session.
  • Protect your Bitcoin wallet and private keys. Never share your private key with a third party.
  • Check and double-check your transactions. Unlike traditional banking, Bitcoin has no middleman to help recover lost funds. A transaction sent to the wrong address could be permanently lost.

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Bitcoin F.A.Q

✨  What is Bitcoin?

Bitcoin, in my opinion, represents the future of the financial system. To give you a broader definition: it is a digital currency powered by blockchain technology.

Bitcoin operates independently from any government or banking institution, making it a decentralized, censorship-resistant, and transparent currency. The cryptocurrency is world-famous for its privacy and can be used to send and receive payments by anyone with access to an internet connection.

✨  Why should I read and trust the Bitcoin casino reviews published on your site?

We take very special care in all of our Bitcoin casino reviews and spend an enormous amount of time playing on each Bitcoin casino and verifying its fairness. We do not shy away from talking about both the good and the ugly in the industry.

If we don’t like a Bitcoin casino or think it is dangerous — we aren’t afraid to tell you. Our reviews are written with attention to detail and aim to cover every possible question.

✨  Do I have access to US-friendly Bitcoin casinos?

Despite strict regulations in the United States, there are now dozens of Bitcoin casinos that accept US players.

Legally betting with Bitcoin in the US is a grey area. If you are unsure, check your state and federal laws before making a deposit.

✨  How do I get free Bitcoin?

The easiest way of getting free Bitcoin is to “farm” it from a Bitcoin casino faucet.

A Bitcoin casino faucet gives players a small set amount of Bitcoin for performing small tasks. If you are interested in Bitcoin casino faucets, then check our list of the top Bitcoin casino faucets on the market.

✨  Do I need to use a credit card or offer any personal information?

Some Bitcoin casinos will not require players to submit any personal information whatsoever. A list of these Bitcoin casinos can be found on our anonymous gambling section.

Not only this, but withdrawals are also always processed via Bitcoin, so you don’t have to trust a third party with your card details.

✨  Why should I read and trust the casino reviews published on your site?

We take very special care in all of our Bitcoin casino reviews and spend an enormous amount of time playing on each casino and verifying its fairness. We do not shy away from talking about both the good and the ugly in the industry.

If we don’t like a casino, or think it is dangerous — we aren’t afraid to tell you. Our reviews are written with attention-to-detail and aim to cover every possible question.

✨  Is Bitcoin the only cryptocurrency accepted at these casinos?

When TheBitcoinStrip.com first launched, Bitcoin was the only available cryptocurrency for gambling. A decade has now passed, and there are dozens of different coins that can be deposited and withdrawn from most Bitcoin Casinos.

One of the most popular of these is Ethereum, a cryptocurrency that operates in a similar way to Bitcoin but can be used for smart contract betting too. There is now a vibrant list of Ethereum casinos available for anyone to play at.

Bitcoin casinos also accept a variety of other top altcoins such as Bitcoin Cash, Litecoin, Dogecoin, Ripple, Monero and others.

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