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Bitcoin Gambling News
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5 Advantages of Gambling with Bitcoin
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Anonymity
This is the biggest advantage you will get. You do not need to give away your name, surname, address or any of your personal information to Bitcoin sportsbooks and casino sites. As there is no risk of a chargeback for crypto payments, Bitcoin sportsbook and casino sites do not need to verify your identity through boring documentations of your ID or proof of addresses.
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Security
Using a Bitcoin Sportsbook or Casino means that you are dealing with people who believes the latest payment technology out there: the crypto currencies and blockchain. This means that they have already became experts in online security and creating a secure environment for your gambling experience. Crypto money and crypto payments requires top notch security and using a crypto betting site means that they already provide you that.
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Bonuses
Normally online sportsbook or casino sites offer welcome bonuses between 20-100 Dollars. But as Bitcoin owners think in crypto currencies rather than fiat currencies, they end up getting higher bonuses at Bitcoin gambling sites. Most of the crypto casino and sportsbook sites offer a minimum or 0.1 BTC which equals to more than $3.000! (as of early 2021) Some of the Bitcoin Sportsbook and Casino sites offer up to 5 and 7 BTC’s which eauals to more than $200.000 in fiat currencies. There is no way of this much bonus amount being offered in traditional sportsbook and casino sites. Crypto mentality gives you the higher amount here.
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Stability
All of the Bitcoin Sportsbook and Casino sites listed at Bitpunter.io gives you the option of having BTC as your account currency. This gives you the freedom to stay in the crypto universe even when you are betting or gambling. You can even have ETH, LTC, BCH or USDT as your account currency and stay as a crypto investor during your sports betting experience. Just like people converting from BTC into USDT instead of USD for the sake of staying in the crypto world, you can have a BTC currency betting account to do that. The luxury of staying at crypto money gives you the freedom of staying decentralized.
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Thrill
Many of the crypto currency owners know that daily changes of 10-20% is very familiar in the world of Bitcoin. Adding a sports betting or online casino experience on top of that means that you will get the most at the adrenaline department. Just think about taking a pre-match bet to Real Madrid to win and watch both the football game and BTC price simultaneously during those 2 hours. If that is not called a thrill, I don’t know what is.
Best Bitcoin Casino Sites
This casino has not been accessible for a while 🚷
This casino has not been accessible for a while 🚷
5 Attributes of Best Bitcoin Casino Sites
Game Offering
The game offerings on Bitcoin gambling sites were very limited for a long time. It all started with Dice where you had a single game of Dice to gamble on. It continued with the biggest casino games such as Blackjack, Roulette and Baccarat. Those games were good enough for the most but they were very limited for a seasoned online gambler. Bitcoin.com’s Games section was the place for that. Now luckily as Bitcoin gamblers we have all the options other have.
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License
Gambling with Bitcoins should be anonymous and secure for the gambler but the casino site should not be anonymous. An online casino license provides the gambler the security to know where to find the operator if things go south. This is very important especially for high rollers and that is why we only list licensed online casinos. All the listed Bitcoin Casino sites are licensed at Curacao which is the most respectable country for iGaming outside Europe.
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Respectable Provider
Gambling with Bitcoin and crypto currencies is a very lucrative market. The crypto casino providers can win both from the casino offering and the price of rising BTCs. This attracted many European companies to invest their sources to provide the best crypto Casino experience out there. Yolo Group of Estonia and SoftSwiss of Austria are the biggest crypto casino providers out there and we only list their or similar top level Bitcoin casino sites at Bitpunter.io.
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Provably Fair
According to Wikipedia: ‘In online gambling, provably fair describes an algorithm which can be analyzed and verified for fairness on the part of the service operator.’ This means that all the payouts of slot machines, online blackjack, roulette, baccarat or similar table games are monitored by 3rd party independent companies. All the stakes placed by the gambler is verified by the operator using an open source algorithm for random seed generation.
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Customer Service
Getting the best customers service with Live Chat and Email is rather new to the Bitcoin Casino industry. It all started with the rather preserved athmosphere of the crypto universe and the casino operators refused to provide in person customer service in the early days. Now we have the luxury to have Live Chat operators 24/7 online at the crypto casino sites. Alternatively, you can use the chat widgets at the native crypto casino sites to interact with fellow gamblers.
Read MoreGames
Advantages of Playing Live Casino Games with Bitcoin
Anonymous
Bitcoin Casino sites do no require you to enter any personal information during registration. If you use only crypto during your deposits, you will not need to provide any personal information to the crypto casino site and you can stay anonymous.
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License
We all know that crypto world does not like the words like regulation and licensing. But when it comes to online gambling and little amount of legislation is needed. That is why we only list the Curacao licensed casino operators.
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Provably Fair
Provably fair is a game algorithm which can be analyzed and verified for fairness on the part of the service operator. Bitcoin Casino Games should be Provably Fair in order to make sure that you get your fair share from the house.
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Fast Withdrawals
Crypto casino sites aim to complete the withdrawal requests within 30 minutes in order to match the needs of crypto bettors. There are no banks and middle men in between and this freedom ensures that the withdrawals will be fast.
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Top Providers
All the Crypto Casino Games are provided by seasoned online gaming providers. Top providers like Evolution Gaming, Pragmatic and Ezugi have added BTC to their game currency options. Enjoy your game play without fiat conversions.
Read MoreHow to Gamble with Bitcoin?
Buy Bitcoin
The first thing you have to do is to buy BTC from a crypto wallet. The easiest way to buy Bitcoin is from crypto wallets and there are many FDA regulated big brands you can choose from. Our choice is Binance but you can choose any of Coinbase, Crypto.com or Kraken.
Choose a Crypto Casino
You can choose any of the crypto casinos listed at BitPunter. Some countries like US might be restricting access to crypto casinos. In that case, choose a reliable VPN service and change your location to a different one.
Open an Account
The first thing you have to do at the Bitcoin Casino is to open your account. Unfortunately some of them require simple personal information like name and address. They require this information due to their local license and to prevent bonus abusers. Your account will be set up in a couple of minutes.
Choose your Bonus
All of the listed Bitcoin Casinos offer 100% bonus for around up to $1.000 on your first deposit. This great opportunity also comes with a wagering condition as these are casinos, not charities. So please keep an eye on the terms before you claim your bonus.
Deposit BTC
Next thing to do is to transfer your BTC from your crypto wallet to crypto casino. When you navigate to your Bitcoin Casino’s Deposit page you will be greeted with a BTC address and a QR code. These are specially generated for your account and any amount you transfer to that address will be transferred to your account.
Be Smart
Now that you have bought BTC, opened an account at the Bitcoin Casino, chosen your bonus and transferred your BTCs into your account, you are ready to go! The last thing you have to remember is to be smart and not to get carried away by spontaneous optimism and make calculated decisions while you gamble. Enjoy and keep it fun!
