Bitcoin Casino sites give safety assurance to the players in two ways: Certificates and Bitcoin Casino Licenses. This way online casino players make sure that they are in safe hands.
The licenses generally mean that the casino site has been checked by ownership and satisfied the legal requirements of the gaming authority. The most popular licensing jurisdiction is Curacao and more and more Bitcoin Casinos prefer them for licensing.
Certificates are on the other hand more about the game fairness. Certificates does not mean that the casino is licensed but the games they are offering is fair and the results that are generated are totally random.
Bitcoin Casino Licenses
Bitcoin Casino sites has been getting their Bitcoin Casino Licenses fixes mostly from Curacao. There is only one gaming site licensed in the UK but they have a different version for UK customers and does not offer deposits and withdrawals with Bitcoin. Than there are 3 more jurisdictions for Bitcoin Casino Licenses: Costa Rica, Kahnawake and Panama which are popular choices amongst US Friendly operators. Finally we will dig into Unlicensed operators which do not hold Bitcoin Casino Licenses.
- Curacao is one of the oldest online gaming license providers. Since 1996 Curaçao eGaming has provided eGaming License compliance services to online betting and casino sites. This is the most secure online gaming licenses for crypto sites out there.
- UK Gambling Commission was set up under the Gambling Act 2005 to regulate commercial gambling in Great Britain in partnership with licensing authorities. Only Sportsbet.io holds a UK license for their UK customers but they do not offer Bitcoin payments for them.
- Costa Rica is a popular choice amongst US Friendly operators. Many authorities claim that Costa Rica does not offer iGaming License any more so it might be a fake license if the casino or betting site is claiming to have a Costa Rica license. Mostly US facing casinos get a Costa Rica license to have a legal ground.
- Kahnawake was one of the first jurisdictions in the world to recognize the opportunities afforded by the interactive gaming industry. They are not as popular as they once was but the old folks of online gaming still know about this license.
- Panama adopted regulations governing the licensing of electronic games of chance and wagering activities in late 2002. It is not the safest gaming licenses out there but gives kind of a legal ground to its holders. Not the safest gaming license out there.
- Unlicensed crypto casino and betting sites are reality and we use a thinking emoji badge in order to mark them. As they do not have a license, please make sure that they offer Provably Fair casino games so that you can prove the fairness of every game you play. If their games are not Provably Fair as well, just avoid them.
Bitcoin Casino Certificates
Certificates means that the Bitcoin Casino in question has bothered to go to a trusted third party to get their games tested. Provably Fair games offered by Bitcoin Casinos can be checked by users as well. But getting them checked by third party companies gives assurance to the players. We are listing all the certificates as a sign of a fair casino experience.
- The Crypto Gambling Foundation prides itself in the verification and promotion of genuine true fair gambling operators. They are the biggest and well known online authority when it comes to certifying Provably Fair games at Bitcoin casino and dice sites.
- iTech Labs is a world leading testing and certification laboratory for Online Gaming systems. They are testing online casino sites since 2004. They are considered as one of the most reliable certificates out there. They work with Kahnawake Gaming Commission as well.
- Blockchair is the most private search engine for Bitcoin and other major altcoins. They have a list called Awesome Blockchain and Crypto Services. This list also has a section called Entertainment. This Entertainment section consists of Blockchair approved Bitcoin casino sites.
Bitcoin Casino Licenses and Certificates FAQ
How reliable are Online Gaming Licenses?
An online gaming license for a Bitcoin Casino only means that they are responsible about their games and players to a country. As those countries are very small in general, those licenses mean that they provide a level of safety net but does not mean that it is impossible for you to endure some problems. An Online Gaming License is good to have, especially if it is from a well respected country like Curacao but that does not mean that they control everything and the casino might run away with players funds.
Why do Bitcoin Casino sites get Online Gaming Licenses?
There are several reasons for Bitcoin Casinos to get Online Gaming Licenses:
1-In order to convince the players about their safety
2-Have a legal ground for their operations
3-To be able to make deals with live casino and slots providers
4-To be able to open bank accounts and cash in their winnings
How can a Bitcoin Casino site get an Online Gaming License?
In order to get an online gaming license a Bitcoin Casino should pay the application fee and go through KYC procedures such as:
1-Application for Client Provider Authorization
2-Business Entity Information Submission
3-Personal Information Submission
4-Key Person Licence Application
5-Control System Submission
Can licensed Bitcoin Casinos cover all jurisdictions?
No. Respected jurisdictions like Curacao does not allow their licensees to offer their services to regulated gaming markets. Even tough US gaming market is not fully regulated, it is considered a no-no amongst the online gaming industry and Curacao does not allow the casinos to operate there. The same goes for regulated countries like UK, France and Germany. However some jurisdictions like Costa Rica and Panama do not care which players you target as long as you do not target their own residents.
What is the most trusted Bitcoin Casino Certificate?
iTech Labs is the most trusted Bitcoin Casino Certificate according to traditional casino players. They have been certifying online casinos even before crypto casinos existed and that's why they are considered as the safest option. On the other hand the crypto gaming industry created their own certification agent and it is called The Crypto Gambling Foundation. That has most trusted amongst the crypto-first gamblers.