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Last Updated: September 18, 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 (264)

Name Wizards Seal US Friendly  Play
138fa Casino NO NO Visit Casino >
21Dukes NO NO Visit Casino >
24VIP Casino YES YES Visit Casino >
365betbit NO YES -
3Dice Casino NO YES Visit Casino >
5Dimes NO YES Visit Casino >
77Jackpot NO NO -
7BitCasino NO NO Visit Casino >
7Reels Casino NO NO Visit Casino >
7Spins Casino NO NO Visit Casino >
AC Casino NO YES Visit Casino >
Ace Live Casino NO NO -
AcePokies Casino NO NO Visit Casino >
Aladdins Gold Casino NO YES -
All Star Slots NO YES -
All You Bet Casino NO YES -
Always Vegas NO NO Visit Casino >
Atlantic Casino Club NO NO -
Bella Vegas NO YES Visit Casino >
Bet N Spin NO NO Visit Casino >
Bet US Casino NO YES -
BetAnySports NO YES Visit Casino >
BetBit Casino NO NO -
BetChain NO NO Visit Casino >
BetChan Casino NO NO Visit Casino >
Betcoin.ag Casino NO YES Visit Casino >
Betin NO NO Visit Casino >
BetOnline Casino NO YES Visit Casino >
BetPhoenix Casino NO YES Visit Casino >
Betstreak Casino NO NO Visit Casino >
BetSwagger Casino NO NO Visit Casino >
Big Dollar Casino NO YES -
BitBet NO YES Visit Casino >
BitCasino.io NO NO Visit Casino >
Bitcoin.com NO NO -
BitcoinPenguin NO YES Visit Casino >
BitStarz NO NO Visit Casino >
Black Diamond Casino YES NO Visit Casino >
Black Lotus Casino NO YES Visit Casino >
BlackJack Ballroom YES NO Visit Casino >
Bodog.com YES NO Visit Casino >
Bodog88 YES NO Visit Casino >
Bodog YES NO Visit Casino >
Bogart Casino NO YES Visit Casino >
Boombet Casino NO NO -
Bovada YES YES Visit Casino >
BoVegas Casino NO YES Visit Casino >
Box 24 Casino YES NO Visit Casino >
BTC Casino NO NO Visit Casino >
Burnbet Casino NO NO -
Buzzluck Casino NO YES -
Cadoola Casino NO NO Visit Casino >
Café Casino YES YES Visit Casino >
Calvin Casino NO NO -
Captain Jack Casino NO YES Visit Casino >
Casdep Casino NO NO Visit Casino >
Cash o' Lot Casino NO NO Visit Casino >
Casino Atlanta NO NO -
Casino Blu NO NO Visit Casino >
Casino Brango NO YES Visit Casino >
Casino Cash Palace NO NO -
Casino Dingo NO NO Visit Casino >
Casino Estrella NO NO Visit Casino >
Casino Evolution NO YES -
Casino Extreme YES YES Visit Casino >
Casino Fiz NO NO Visit Casino >
Casino Girl NO YES -
Casino Grand Bay NO YES Visit Casino >
Casino Max YES YES Visit Casino >
Casino Moons NO NO Visit Casino >
Casino Royal Club NO NO -
Casino-X NO NO Visit Casino >
Casino.com NO NO Visit Casino >
CasinoExtra NO NO Visit Casino >
Celtic Casino NO NO Visit Casino >
Cherry Gold Casino NO YES -
Cherry Jackpot YES YES Visit Casino >
Club Euro NO NO -
Club Player Casino NO YES Visit Casino >
Club SA Casino NO NO Visit Casino >
Club World Casino NO YES -
ClubVegas999 NO NO -
Cocoa Casino NO NO Visit Casino >
Colosseum Casino YES NO Visit Casino >
Cool Cat Casino NO YES Visit Casino >
Crazy Luck Casino NO YES -
CRUSHIT Casino NO YES Visit Casino >
CryptoSlots Casino YES YES Visit Casino >
Dafabet / Dafa888 NO NO Visit Casino >
DaVinci's Gold Casino NO NO Visit Casino >
Diamond Reels Casino NO YES Visit Casino >
Drake Casino YES YES Visit Casino >
Dreams Casino NO YES Visit Casino >
DrueckGlueck NO NO Visit Casino >
Dublinbet Casino NO NO Visit Casino >
EmuCasino YES NO Visit Casino >
EuroFortune NO NO -
Euromoon Casino NO NO Visit Casino >
Everum Casino NO NO Visit Casino >
Exclusive Casino NO YES -
Fair Go Casino YES YES Visit Casino >
Fairway Casino NO NO Visit Casino >
Fonecasino NO YES Visit Casino >
Free Spin Casino NO YES -
Fun Casino YES NO Visit Casino >
Gibson Casino NO YES -
Gold Club Casino NO NO Visit Casino >
Golden Reef Casino YES NO Visit Casino >
Gossip Slots NO YES Visit Casino >
Grand Eagle NO YES Visit Casino >
Grand Fortune Casino NO YES Visit Casino >
Grand Hotel Casino YES NO Visit Casino >
Grande Vegas YES YES Visit Casino >
GrandWild Casino NO NO Visit Casino >
GTbets Casino NO YES Visit Casino >
GunsBet Casino NO NO Visit Casino >
HeavyChips Casino NO NO Visit Casino >
Highnoon Casino NO YES -
IceCasino NO NO -
Ignition Casino YES YES Visit Casino >
iNetBet YES YES Visit Casino >
Intertops Casino Classic YES YES Visit Casino >
Intertops Red Casino YES YES Visit Casino >
Island Casino NO YES -
Jackpot Capital NO YES Visit Casino >
Jackpot Wheel Casino NO YES Visit Casino >
Jetbull Casino YES NO -
Joe Fortune Casino YES NO Visit Casino >
Joo Casino NO NO Visit Casino >
Joy Casino NO NO Visit Casino >
Jubise Casino NO NO -
Juicy Stakes Casino NO YES Visit Casino >
Jumba Bet Casino NO YES Visit Casino >
Jupiter Club NO YES Visit Casino >
Just Bet Casino NO YES -
King Billy Casino NO NO Visit Casino >
Kudos Casino YES YES Visit Casino >
La Riviera Casino NO NO Visit Casino >
Lake Palace NO YES -
LaRomere Casino NO YES Visit Casino >
Liberty Slots Casino YES YES Visit Casino >
LimoPlay NO NO -
Lincoln Casino YES YES Visit Casino >
Linesmaker Casino NO YES -
Llama Casino NO NO Visit Casino >
Lotus Asia Casino NO YES Visit Casino >
Lucky Club Casino YES YES Visit Casino >
Lucky Creek NO YES Visit Casino >
Lucky Red Casino NO YES -
Lucky31 NO NO Visit Casino >
Luckystar.io NO NO Visit Casino >
Majestic Slots NO NO Visit Casino >
Mandarin Palace NO YES Visit Casino >
Manhattan Slots Casino NO YES -
Mansion Casino NO NO Visit Casino >
Mars Casino NO NO Visit Casino >
Mayan Fortune Casino NO NO -
mBitCasino NO NO Visit Casino >
Mega Vegas Casino NO YES -
MegaCasino NO NO Visit Casino >
Megawins Casino NO NO Visit Casino >
Miami Club Casino YES YES Visit Casino >
Mona Casino NO NO -
Moneystorm Casino NO YES Visit Casino >
Mongoose Casino NO NO Visit Casino >
MrXbet Casino NO NO -
MyWin24 NO NO Visit Casino >
Omni Casino YES NO Visit Casino >
Omni Slots NO NO Visit Casino >
Oshi Casino YES NO Visit Casino >
Palace of Chance NO YES Visit Casino >
Pamper Casino NO YES Visit Casino >
Pantasia Casino NO NO Visit Casino >
Paradise 8 Casino NO NO Visit Casino >
Parklane Casino NO NO Visit Casino >
Ph.Casino NO NO Visit Casino >
Planet 7 Casino NO YES Visit Casino >
Play2Win Casino NO NO Visit Casino >
Play7777 Casino NO NO Visit Casino >
Playamo Casino NO NO Visit Casino >
PlayBlackjack NO YES Visit Casino >
Players Only Casino NO YES -
PocketDice NO YES -
Pornhub Casino NO NO Visit Casino >
Prism Casino NO YES -
PropaWin NO NO Visit Casino >
Punt Casino NO NO Visit Casino >
Raging Bull NO YES Visit Casino >
Red Stag Casino YES YES Visit Casino >
RedStar Casino NO NO Visit Casino >
Reeltastic Casino NO NO Visit Casino >
Rich Casino NO NO Visit Casino >
Riviera Play Casino NO NO -
RoadHouse Reels NO YES -
Roaring 21 Casino YES YES Visit Casino >
Rockbet NO NO Visit Casino >
Royal Ace NO YES Visit Casino >
Royal Planet Casino NO YES -
Ruby Slots Casino NO YES Visit Casino >
Sahara Sands NO YES Visit Casino >
SatoshiBet NO NO -
Sekabet Casino NO NO Visit Casino >
Silver Oak Casino NO YES Visit Casino >
Silveredge Casino NO NO Visit Casino >
Simon Says Casino NO NO Visit Casino >
Slot Madness NO YES Visit Casino >
Slot Powers NO YES Visit Casino >
Slotastic YES YES Visit Casino >
Slotland YES YES Visit Casino >
Sloto'Cash Casino YES YES Visit Casino >
Slots 7 Casino NO YES Visit Casino >
Slots Jackpot NO NO -
Slots of Vegas NO YES Visit Casino >
Slots Village NO NO Visit Casino >
Slots.com YES NO Visit Casino >
Slots.lv YES YES Visit Casino >
SlotsHeaven NO NO Visit Casino >
Slotter Casino NO YES -
SlotV Casino NO NO Visit Casino >
Space Lilly Casino NO NO Visit Casino >
Spartan Slots YES NO Visit Casino >
Split Aces Casino NO NO -
Sportbet Casino NO YES -
Sportsbook Casino NO YES -
Springbok Casino NO NO Visit Casino >
Superior Casino YES YES Visit Casino >
Tetraplay Casino NO YES -
The Virtual Casino NO YES Visit Casino >
Thebes Casino NO NO Visit Casino >
TigerGaming Casino NO NO Visit Casino >
Titanbet Casino NO NO -
Treasure Mile NO YES Visit Casino >
Tropica Casino NO YES Visit Casino >
TTR Casino NO NO -
Twist Casino NO NO -
Two-Up Casino NO NO Visit Casino >
Uptown Aces YES YES Visit Casino >
Uptown Pokies YES YES Visit Casino >
Vegas Crest Casino YES YES Visit Casino >
Vegas Strip Casino NO YES -
Vegas To Macau Casino NO NO -
Vegas2Web Casino NO YES Visit Casino >
VegasCasino.io NO NO Visit Casino >
VegasCasino NO NO Visit Casino >
VietBet Casino NO NO Visit Casino >
Villa Fortuna NO YES -
Villento Casino YES NO Visit Casino >
VIP Slots Casino NO NO Visit Casino >
VIP Stakes NO NO Visit Casino >
WagerWeb Casino NO YES Visit Casino >
WikiWins Casino NO NO -
Wild Casino NO YES Visit Casino >
Wild Tornado Casino NO NO Visit Casino >
Wild Vegas Casino NO YES Visit Casino >
Win A Day Casino YES YES Visit Casino >
Win2Fun Casino NO NO -
Winbig21 Casino NO YES -
Wintika NO NO Visit Casino >
Winward Casino NO NO Visit Casino >
WizBet Casino NO YES Visit Casino >
Wonclub Casino NO NO Visit Casino >
Wunderino Casino NO NO Visit Casino >
YakoCasino NO NO Visit Casino >
ZigZag777 Casino NO NO 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.