Share this

Last Updated: December 15, 2018

Bitcoin Gambling

Introduction

If you have been gambling online for a while you may have heard about Bitcoin casinos. This is an area of gambling that debuted a few years ago, starting off as an underground method for players to gamble on sports to casino games. As the years have gone on and Bitcoin is becoming accepted as a legitimate currency, many established online casino operators have begun to accept Bitcoin as a lucrative way to get more customers to come through their doors.

If you are new to the world of Bitcoin gambling, I have assembled the following guide to help you understand the world of this currency, and address the potential issues that players using Bitcoin may encounter.

A History of Bitcoin

Bitcoin is a completely cyber form of currency, using a series of characters to build up a unique identifier to make the cryptocurrency unique. It was created in 2008 by Satoshi Nakamoto (which could be a real person, an alias, or a group of people), and has grown to become the world's most popular virtual currency. Bitcoin is created through a process known as mining, where computers use their computing resources to try to form the Bitcoin, and there are many benefits to owning and possessing Bitcoin.

Bitcoin has grown in popularity over the years thanks to its Peer to Peer use, anonymity, and fact that the currency is decentralized, meaning that it can't simply be taken away from you by a government entity. Unfortunately though, Bitcoin has recently been breached by hackers, who found a way into Bitcoin wallets and put the currency at risk of being stolen by criminals.

Conversely, Bitcoin has been seen as a front for a lot of criminal activity that isn't stable in terms of inflation. Prices for the currency have fluctuated wildly, starting at a few cents when it first popped onto the market before skyrocketing to more than $1,000 per coin before suffering a series of crashes and currently sits at roughly $265 a coin.

The ebbs and flows of this currency have brought Bitcoin into the news, as the 2013 run on banks in Cyprus ended up seeing many residents of the island country pulling their money from the banks and investing in the currency, as the financial stability in the country was teetering. This exposure brought about the conversation as to whether Bitcoin was a fad or a lasting trend, a conversation that continues to this day.

Moving forward, it is difficult to gauge exactly what Bitcoin will look like going forward. It is becoming more difficult to mine Bitcoin, and the fluctuations in price are a definite concern. With that being said, it does appear that the casino industry does believe in Bitcoin and there will likely be spots to play with this currency in the near future.

How to Buy a Bitcoin

It can be a bit intimidating to buy your first Bitcoin, but there are plenty of ways to discover how to purchase this virtual currency. The registration process for buying Bitcoin looks something like this:

  • Register for an account with a Bitcoin wallet. There are many choices out there, including Bitcoin Core, Bitcoin Wallet, Airbitz, Hive, and Electrum.
  • Link your bank account to your Bitcoin wallet.
  • Purchase your Bitcoins through the wallet solution you have chosen to install on your card.

How to Deposit Using Bitcoin

Depositing at a casino using Bitcoin is pretty simple process, and not dissimilar from what you would experience if you deposited via an e-Wallet. Players will have to enter in their wallet information and enter in the amount they want to transfer to the casino.

The withdrawal process is very similar to the deposit process, and would see the casino paying your Bitcoin wallet in that currency.

Benefits of Bitcoin Casinos

When it comes to online gambling, Bitcoin is an attractive currency for the above-mentioned benefits. Bitcoins can be split into any number of sections, allowing players the chance to get in on the action. For players in countries that restrict internet gambling, Bitcoin casinos provide the benefit of anonymity as well as the lack of fees attached to using the currency.

Downsides of Bitcoin Casinos

There are a few downsides attached to casinos that use Bitcoin as their primary source of funding. Many of the sites that had operated in the past did struggle with being unlicensed or scams, and even some reputable spots like Seals With Clubs were not stable and collapsed at the first sign of trouble.

A big downside of Bitcoin Casinos is that not many mainstream software developers had jumped in to support them until last year. Because of this you will see that while there aren't many Bitcoin casinos to begin with, there are fewer that offer the big games from quality developers like Microgaming.

Software Developers Supporting Bitcoin

Although there aren't as many gambling software developers out there supporting Bitcoin casinos, there are some high quality names that do offer games to players using the virtual currency.

The biggest proponent of Bitcoin gambling thus far appears to be BetSoft, whose 3D slots have popped up on more casinos than any other software. Other big names that are prominently seen as providing Bitcoin related gambling services are Microgaming and Aristocrat. There are a handful of smaller software providers who also provide their games to casinos using Bitcoin, but for the most part these casinos are lacking licensing and they do not make themselves open to independent audits to ensure fair play.

Bitcoin Poker

Although casinos are generally just starting to come into their own when it comes using Bitcoin, online poker is a bit more established in this market, and you will find some bigger spots offering Bitcoin transactions for poker. The largest of these is America's Cardroom, which targets the American gaming market although players from other jurisdictions are able to log in and play as well.

Just like with older casinos, the most popular Bitcoin poker rooms were sites that operated in a grey market of sorts. The previously mentioned Seals With Clubs was very popular among Bitcoin users until its recent closure, showcasing the lack of stability that can come with using a virtual currency that is not backed by a national treasury.

Bitcoin Casinos

Bitcoin Casinos (265)

Name Wizards Seal US Friendly  Play
Dublinbet Casino
NO NO Visit Casino >
Win2Fun Casino
NO NO -
Omni Casino
YES NO -
Slotland
YES YES Visit Casino >
Villento Casino
YES NO Visit Casino >
BlackJack Ballroom
YES NO Visit Casino >
Slotastic
YES YES Visit Casino >
Win A Day Casino
YES YES Visit Casino >
Wild Tornado Casino
NO NO Visit Casino >
Slots.lv
YES YES Visit Casino >
No Bonus Casino
NO NO Visit Casino >
Mars Casino
NO NO Visit Casino >
Casino Brango
NO YES Visit Casino >
Jackpot Capital
NO YES Visit Casino >
Grand Mondial
YES NO Visit Casino >
Superior Casino
YES YES Visit Casino >
Bodog
YES NO Visit Casino >
Intertops Red Casino
YES YES Visit Casino >
mBitCasino
NO NO Visit Casino >
Lucky Club Casino
YES YES Visit Casino >
La Riviera Casino
NO NO Visit Casino >
Mandarin Palace
NO YES Visit Casino >
Red Stag Casino
YES YES Visit Casino >
Uptown Aces
YES YES Visit Casino >
Golden Reef Casino
YES NO Visit Casino >
Sloto'Cash Casino
YES YES Visit Casino >
YakoCasino
NO NO Visit Casino >
Grande Vegas
YES YES Visit Casino >
Bovada
YES YES Visit Casino >
Springbok Casino
NO NO Visit Casino >
LaRomere Casino
NO YES Visit Casino >
RedStar Casino
NO NO Visit Casino >
Bodog.com
YES NO Visit Casino >
Pinnacle Sports Casino
YES NO Visit Casino >
Dafabet / Dafa888
NO NO Visit Casino >
Lincoln Casino
YES YES Visit Casino >
Wintika
NO NO Visit Casino >
BetChan Casino
NO NO Visit Casino >
Lucky31
NO NO Visit Casino >
Omni Slots
NO NO Visit Casino >
Punt Casino
NO NO Visit Casino >
Liberty Slots Casino
YES YES Visit Casino >
EmuCasino
YES NO Visit Casino >
Fair Go Casino
YES YES Visit Casino >
BetChain
NO NO Visit Casino >
Casino Extreme
YES YES Visit Casino >
Intertops Casino Classic
YES YES Visit Casino >
Joo Casino
NO NO Visit Casino >
Fun Casino
YES NO Visit Casino >
Fonecasino
NO YES Visit Casino >
iNetBet
YES YES Visit Casino >
24VIP Casino
YES YES Visit Casino >
DrueckGlueck
NO NO Visit Casino >
Space Lilly Casino
NO NO Visit Casino >
Grand Hotel Casino
YES NO Visit Casino >
Wonclub Casino
NO NO Visit Casino >
Casino-X
NO NO Visit Casino >
Grand Eagle
NO YES Visit Casino >
SlotV Casino
NO NO Visit Casino >
Betstreak Casino
NO NO Visit Casino >
Drake Casino
YES YES Visit Casino >
MegaCasino
NO NO Visit Casino >
Miami Club Casino
YES YES Visit Casino >
Fairway Casino
NO NO Visit Casino >
Café Casino
YES YES Visit Casino >
iLUCKI Casino
NO NO Visit Casino >
Jetbull Casino
YES NO -
BitStarz
NO NO Visit Casino >
Casino Max
YES YES Visit Casino >
Oshi Casino
YES NO Visit Casino >
Winward Casino
NO NO Visit Casino >
WikiWins Casino
NO NO -
7BitCasino
NO NO Visit Casino >
Slots.com
YES NO Visit Casino >
Wunderino Casino
NO NO Visit Casino >
Ignition Casino
YES YES Visit Casino >
Paradise 8 Casino
NO NO Visit Casino >
Treasure Mile
NO YES Visit Casino >
Cadoola Casino
NO NO Visit Casino >
Joy Casino
NO NO Visit Casino >
All You Bet Casino
NO YES -
Gossip Slots
NO YES Visit Casino >
3Dice Casino
NO YES Visit Casino >
WizBet Casino
NO YES Visit Casino >
Kudos Casino
YES YES Visit Casino >
Yebo Casino
NO NO Visit Casino >
GunsBet Casino
NO NO Visit Casino >
Gold Club Casino
NO NO Visit Casino >
AU Slots
NO NO Visit Casino >
TigerGaming Casino
NO NO Visit Casino >
Jackpot Wheel Casino
NO YES Visit Casino >
Roaring 21 Casino
YES YES Visit Casino >
King Billy Casino
NO NO Visit Casino >
Joe Fortune Casino
YES NO Visit Casino >
Colosseum Casino
YES NO Visit Casino >
Vegas Crest Casino
YES YES Visit Casino >
LSbet
NO NO Visit Casino >
Cocoa Casino
NO NO Visit Casino >
HappiStar
NO NO Visit Casino >
Bodog88
YES NO Visit Casino >
Everum Casino
NO NO Visit Casino >
138fa Casino
NO NO Visit Casino >
Lotus Asia Casino
NO YES Visit Casino >
Slots Village
NO NO Visit Casino >
CasinoExtra
NO NO Visit Casino >
Lucky Hippo Casino
NO YES Visit Casino >
Spartan Slots
YES NO Visit Casino >
VegasCasino
NO NO Visit Casino >
Betin
NO NO Visit Casino >
21Dukes
NO NO Visit Casino >
7Reels Casino
NO NO Visit Casino >
Celtic Casino
NO NO Visit Casino >
Always Vegas
NO NO Visit Casino >
BitCasino.io
NO NO Visit Casino >
Mansion Casino
NO NO Visit Casino >
PropaWin
NO NO Visit Casino >
Black Lotus Casino
NO YES Visit Casino >
Two-Up Casino
NO YES Visit Casino >
DaVinci's Gold Casino
NO NO Visit Casino >
MyWin24
NO NO Visit Casino >
Mayan Fortune Casino
NO NO -
CryptoSlots Casino
YES YES Visit Casino >
Casino.com
NO NO Visit Casino >
Casino Estrella
NO NO Visit Casino >
Lucky Creek
NO YES Visit Casino >
Casdep Casino
NO NO Visit Casino >
VIP Stakes
NO NO Visit Casino >
SlotsHeaven
NO NO Visit Casino >
Luckystar.io
NO NO Visit Casino >
BetBit Casino
NO NO Visit Casino >
MYB Casino
NO YES Visit Casino >
Box 24 Casino
YES NO Visit Casino >
7Spins Casino
NO NO Visit Casino >
Uptown Pokies
YES YES Visit Casino >
WagerWeb Casino
NO YES Visit Casino >
Megawins Casino
NO NO Visit Casino >
GTbets Casino
NO YES Visit Casino >
GrandWild Casino
NO NO Visit Casino >
BoVegas Casino
NO YES Visit Casino >
VIP Slots Casino
NO NO Visit Casino >
Cherry Jackpot
YES YES Visit Casino >
Silveredge Casino
NO NO Visit Casino >
Jumba Bet Casino
NO YES Visit Casino >
Queen Casino
NO NO Visit Casino >
Vegas2Web Casino
NO YES Visit Casino >
BitBet
NO YES Visit Casino >
Bet N Spin
NO NO Visit Casino >
Diamond Reels Casino
NO YES Visit Casino >
Play7777 Casino
NO NO -
Casino Token
NO NO Visit Casino >
5Dimes
NO YES Visit Casino >
Lucky Red Casino
NO YES -
Llama Casino
NO NO Visit Casino >
Black Diamond Casino
YES NO Visit Casino >
Ace Live Casino
NO NO -
VietBet Casino
NO NO Visit Casino >
AcePokies Casino
NO NO Visit Casino >
TopBet Casino
NO YES Visit Casino >
MrXbet Casino
NO NO -
Buff88 Casino
NO NO Visit Casino >
Exclusive Casino
NO YES -
Free Spin Casino
NO YES -
Casino Moons
NO NO Visit Casino >
Highnoon Casino
NO YES -
Cherry Gold Casino
NO YES -
Thebes Casino
NO NO Visit Casino >
Mongoose Casino
NO NO Visit Casino >
PlayBlackjack
NO YES Visit Casino >
Thunderbolt Casino
NO NO Visit Casino >
AC Casino
NO YES Visit Casino >
Cash o' Lot Casino
NO NO Visit Casino >
BetSwagger Casino
NO NO Visit Casino >
Betcoin.ag Casino
NO YES Visit Casino >
TTR Casino
NO NO -
Wild Casino
NO YES Visit Casino >
Pantasia Casino
NO NO Visit Casino >
Calvin Casino
NO NO -
Aladdins Gold Casino
NO YES -
BetOnline Casino
NO YES Visit Casino >
Rich Casino
NO NO Visit Casino >
Grand Fortune Casino
NO YES Visit Casino >
Winbig21 Casino
NO YES -
Playamo Casino
NO NO Visit Casino >
Club World Casino
NO YES -
Titanbet Casino
NO NO -
Planet Casino
NO YES Visit Casino >
Tropica Casino
NO YES Visit Casino >
Raging Bull
NO YES Visit Casino >
Royal Planet Casino
NO YES -
HeavyChips Casino
NO NO Visit Casino >
All Star Slots
NO YES -
Pornhub Casino
NO NO Visit Casino >
Mega Vegas Casino
NO YES -
Slot Powers
NO YES Visit Casino >
BetAnySports
NO YES Visit Casino >
ZigZag777 Casino
NO NO Visit Casino >
Bella Vegas
NO YES Visit Casino >
Split Aces Casino
NO NO -
Manhattan Slots Casino
NO YES -
Casino Dingo
NO NO Visit Casino >
Crazy Luck Casino
NO YES -
Juicy Stakes Casino
NO YES Visit Casino >
Simon Says Casino
NO NO Visit Casino >
Majestic Slots
NO NO Visit Casino >
Ruby Slots Casino
NO YES Visit Casino >
Royal Ace
NO YES Visit Casino >
Sportsbook Casino
NO YES -
BetPhoenix Casino
NO YES Visit Casino >
Island Casino
NO NO -
Slotter Casino
NO YES -
Play2Win Casino
NO NO Visit Casino >
Reeltastic Casino
NO NO Visit Casino >
CRUSHIT Casino
NO YES Visit Casino >
Slot Madness
NO YES Visit Casino >
VegasCasino.io
NO NO Visit Casino >
Palace of Chance
NO YES Visit Casino >
Bogart Casino
NO YES Visit Casino >
Ph.Casino
NO NO Visit Casino >
Buzzluck Casino
NO YES -
Moneystorm Casino
NO YES Visit Casino >
Gibson Casino
NO YES -
Club SA Casino
NO NO Visit Casino >
Rockbet
NO NO Visit Casino >
Sportbet Casino
NO YES -
Prism Casino
NO YES -
Cool Cat Casino
NO YES Visit Casino >
Club Euro
NO NO -
Silver Oak Casino
NO YES Visit Casino >
Big Dollar Casino
NO YES -
Sahara Sands
NO YES Visit Casino >
Linesmaker Casino
NO YES -
Players Only Casino
NO YES -
Casino Blu
NO NO Visit Casino >
Just Bet Casino
NO YES -
ClubVegas999
NO NO -
Casino Fiz
NO NO Visit Casino >
The Virtual Casino
NO YES Visit Casino >
Wild Vegas Casino
NO YES Visit Casino >
Planet 7 Casino
NO YES Visit Casino >
Villa Fortuna
NO YES -
Slots 7 Casino
NO YES Visit Casino >
Boombet Casino
NO NO -
Riviera Play Casino
NO NO -
BitcoinPenguin
NO YES Visit Casino >
EuroFortune
NO NO -
Bet US Casino
NO YES -
Atlantic Casino Club
NO NO -
RoadHouse Reels
NO YES -
Captain Jack Casino
NO YES Visit Casino >
Sekabet Casino
NO NO Visit Casino >
Slots of Vegas
NO YES Visit Casino >
Casino Royal Club
NO NO -
Slots Jackpot
NO NO -
BTC Casino
NO NO Visit Casino >
Club Player Casino
NO YES Visit Casino >
Burnbet Casino
NO NO -
Vegas Strip Casino
NO YES -
Twist Casino
NO NO -
Dreams Casino
NO YES Visit Casino >
Casino Grand Bay
NO YES Visit Casino >
Euromoon Casino
NO NO Visit Casino >
Tradition Casino
NO NO Visit Casino >
Parklane Casino
NO NO Visit Casino >
Lake Palace
NO YES -
Jupiter Club
NO YES Visit Casino >

Conclusion

There is a lot to like about Bitcoin, but there is also a high amount of uncertainty when it comes to its value against traditional currency such as the Dollar, Pound, or Euro. While it is great to see big betting names such as Microgaming and Aristocrat beginning to support this cryptocurrency, it looks like there will still be some time before the Bitcoin gambling world reaches maturity.

With that being said, there are still some quality, regulated online casinos that do accept Bitcoin, and if you are the type of player who wants to use your Bitcoins to gamble, there are good places to do so. We urge players to exercise caution if they are planning to play at casinos that use Bitcoin, making sure to read reviews, study the licensing of the operator, and using common sense while playing.