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Bitcoin Casinos in UK
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Crypto enthusiasts across UK online casinos are free to use Bitcoin for their deposits and withdrawals. The country is one that offers the safest and most convenient crypto gambling, and that’s why if a UK player, you’re in for a real treat: hundreds of legit online casinos are at your disposal, allowing you to make transactions with BTC. If this is something you’d want to try, but you were unsure about the regulations and how to use it, stay with us to learn more about it. Why use Bitcoin across UK online casinos?
Cryptocurrency Regulation in the UK
Overseen by the FCA (Financial Conduct Authority), cryptocurrencies in the UK are completely regulated. The UK Parliament approved stablecoin and crypto laws, so Bitcoin is seen as a regulated activity in the country. However, businesses offering digital assets are under constant surveillance, in accordance with the MLR, and must register with FCA and comply with AML requirements.
Online gamblingis also legal in the country and regulated by Gambling Act 2005, overseen by the UK Gambling Commission for years now. So, operators have to comply with the gambling laws, too, and since crypto gambling is also overseen, UK casino operators who abide by all the rules, are free to allow players to use BTC for their deposits and withdrawals. Mind you, the UK is changing the rules for online gambling on a regular basis, since the activity is overseen by the minute, so you must be always alert and check the laws at the moment of joining an online casino, to see whether anything has changed.
But in all, as a UK player, you can enjoy perfectly safe and greenlighted BTC gambling. You have hundreds of legit online casinos to explore and consider joining, to make the most seamless, instant transactions with BTC. If you're new to crypto and wondering how to use it, continue reading as we'll take you through the procedure, step by step.
Using Bitcoin Across Online Casinos
Regardless of whether you're new to crypto or new to crypto gambling, the following details would be of good use to you. We'll take you through all the steps you need to make to engage in the activity and enjoy a smooth online gambling time with BTC.
First things first, you need to buy some coins. You can do that by visiting any of the popular crypto exchange sites, where you could buy BTC using fiat or other digital currencies. Binance and Coinbase, the leading exchanges, as well as sites like eToro, Bittrex, and LocalBitcoins are all your options in the UK. Explore their offering, check their fees, and decide on the one to join. After you register an account with an exchange platform, you'd need to connect a payment method to it to successfully complete the purchase. You'll have a variety of options, different cards, eWallets, mobile solutions, prepaid cards to choose from, to purchase as many coins as you wish.
Once you’ve purchased your coins, you’d need to choose a safe and trusted crypto wallet to store them and be able to use them. You could skip this step and do the same thing via your exchange site profile, but you can also check out MetaMask and TrustWallet, for instance, as these are all great options. So, if you go with a crypto wallet, as soon as you enter some basic details about yourself, your account will be created and you’ll get your addresses/keys. These are the alphanumerical strings that you need to provide each time you’re funding your wallet with and withdrawing coins from it. Follow the instructions to transfer the coins from the exchange site to your wallet, if you went with that option and you’ll be ready to use your BTCs across online casinos.
Finally, as said, there are hundreds of trusted UK casinos that offer BTC. You’d need to choose the one you’d like to go with and create an account with it. To fund your account with BTCs, you’d need to go through the following steps:
- Visit your chosen casino’s Deposits page and select Bitcoin from the list of offered methods.
- Copy the casino’s crypto wallet address that will pop up in a new window.
- In a different tab, enter your crypto wallet, specify how much you'd like to transfer, and paste the casino's address.
- Confirm the transfer and the coins will instantly arrive on your casino balance.
Bitcoin is one of the speediest solutions to use for deposits, but for withdrawals, too! As soon as a transaction is confirmed, the coins are sent with the speed of light and delivered to the designated address. So, when requesting a withdrawal, make sure you double-check your crypto wallet address, to receive your winnings in no time!
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Top 3 Methods Offering Bitcoin at Online Casinos
You could get started and use BTC this way, as we just explained, but there’s also a chance for you to use it through a different payment provider. Many UK-based or global solutions catering to UK users have made it possible for users to use cryptocurrencies via their accounts. So, in case what you’ve read so far seems complicated or an inconvenience, you can just create an account with the following eWallets, and you’ll still be able to transact with BTCs. Next, we’ll present to you the top 3 payment providers that offer BTC and are accepted across most UK online casinos:
- STICPAY – Headquartered in London, STICPAY is the perfect local solution to register with if you wish to use BTC for your deposits and withdrawals across UK casinos. It is widely accepted across casinos in the UK, and among other cryptos, it offers BTC. It is an eWallet that allows users to transact in 30 fiat and cryptocurrencies, including GBP and BTC, adding new ones constantly, and it is incredibly easy to get started with and use. That’s why it is at the top of our top-3-payment methods list.
- Revolut – Revolut is also a solution based in the UK, which allows you to go from cash to crypto, literally, and that is its motto. You can instantly buy, send and sell crypto at the touch of a button with it, and that's why it is perfect to use across online casinos. In case you were wondering, its popularity across UK casinos is increasing, so you'll have plenty of sites to go through to decide on the one to join, based on your criteria. No matter the one you join, you can rest assured that with Revolut, your Bitcoin deposits and withdrawals will be instant and effortless.
- ePay – ePay is a global eWallet, launched in China in 2014, but one which expanded to the UK two years later and became an instant hit with UK users. What it shines in is exactly what you're looking for: the functionality to process transactions in both fiat and digital currencies. Fully embraced by the crypto community and widely offered across UK online casinos, this is the solution to give a try, as it is the perfect match for you, to experience some of the smoothest deposits and withdrawals.
Conclusion
Rare are countries like the UK, where regulations exist for both online gambling and cryptocurrency; usually, at least for one it is lacking. Therefore, if a UK online casino player, you can play using BTC without a care on your mind. You will find so many duly licensed and regulated online casinos accepting crypto to explore, and hopefully, find the match for you, to enjoy instant and cost-efficient deposits and withdrawals.
FAQs
Is online gambling legal in the UK?
Yes. The UK is one of those countries which had land-based gambling regulated for decades before it legalized online gambling, too. You can rest assured that, as long as you’ve joined a site licensed by the UK Gambling Commission, you’re playing at a completely safe and legit casino.
Can I gamble online using Bitcoin across UK casinos?
Sure. Not only is online gambling regulated, but so are cryptocurrencies. The UK's FCA is responsible for crypto regulation and the UKGC for online gambling; so, a site that holds a license from the UKGC which offers BTC is a safe site to join to enjoy BTC gambling.
Is it possible to cancel a deposit I made with BTC at an online casino?
No, unfortunately, it is not. Transactions with BTC are irreversible, considering its nature as a blockchain-based, decentralized digital currency that runs on a peer-to-peer principle. That’s why when making deposits and withdrawals with it, you must double-check the respective addresses, to not lose your coins.
What is the best BTC casino licensed by the UK Gambling Commission?
As said, hundreds of online casinos licensed by the UK Gambling Commission offer BTC, so you’d need to do your own search to find the most adequate casino for you, offering the games you’d like to play.
Do fees apply for deposits and withdrawals when using BTC across UK casinos?
No, that’s actually the best part about using BTC for deposits and withdrawals. You never have to pay fees when using cryptocurrencies across online casinos, so if you wish to get the most cost-efficient and speediest transactions, use Bitcoin across UK online casinos.