Getting Started at a Bitcoin Casino
Bitcoin casinos have become exceedingly popular over the past couple of years. Obviously, this is down to the fact that Bitcoin has been in the news a lot recently. People have made a significant amount of cash selling their bitcoin on. As a result, more people are looking to get their hands on this currency. This has resulted in many online casinos opting to offer it as a deposit method. Owing to the popularity of Bitcoin, I figured I should take the time to put together a guide on getting started with using bitcoin at an online casino. We have a lot to cover here!
Choosing an Online Casino
This is the first thing you will need to think about. I have written plenty of guides on choosing an online casino in the past, so I am not going to dwell on this too much, but there are a couple of points that I wish to cover here.
Firstly, you will want to make sure that the casino that you select is licensed to operate in your country. I am going to assume that you are based in the United Kingdom. This means that you should be selecting an online casino which is licensed by the UK Gambling Commission. This is going to be especially important when you are gambling with Bitcoin. The problem with that while Bitcoin is popular, the lack of accountability when you buy and sell the currency means that the industry is ripe with scammers. If the casino is not licensed (it is illegal to offer gambling services in the UK without being licensed, by the way), then there is a chance that you could lose the cash that you deposit or, perhaps, you could run into other issues.
There are a few online casinos which only accept bitcoin as a deposit and withdrawal method. I am sure that these online casinos are great and all, but I am not a massive fan of them. When I select an online casino, I want to know that there are several different ways in which I can deposit money into my account. After all, Bitcoin is volatile. You do not want to stop gambling at a particular site because the value of Bitcoin has plummeted a lot, right? So, the more options available, the better!
When I am getting started at a new Bitcoin casino, I also like to check the average price that they offer for the Bitcoin I am depositing, but I am going to cover that in the next section!
Game selection is also going to be a massive factor when it comes to your choice of Bitcoin casinos. What you must remember is that while you may have plans to play a very specific game at the moment, you are likely going to want to play something else eventually. You really do not want to put the time and effort into tracking down a completely new casino, so it is nice to just have plenty of games available. One thing that you should really be on the lookout for here is the amount of live dealer games available. This is something which is going to be exceedingly popular in the future and something that you are likely going to want to check out. Honestly, it is probably one of my favourite ways to gamble at the moment.
The one issue I have with many bitcoin casinos at the moment, particularly those which only accept Bitcoin, is the fact that they tend not to have the greatest welcome bonuses in the world. Now, if you are sensible, you probably are not only going to focus on welcome bonuses when you sign up to an online casino. You will want to focus on whatever else the online casino brings to the table, but you should still consider what incentive you are getting for signing up to the casino. You should also focus on the loyalty bonuses which have been designed to keep you playing there. The better the loyalty bonuses, the more likely I am to stick around with the website.
Getting Started With Playing
I am going to assume that you already know how Bitcoin works i.e. how to buy it, Bitcoin wallets etc. If you do not, then that is out of the scope of this guide. You will need to put your research in elsewhere. If you do know how Bitcoin works, then you are ready to start gambling at some of the top online Bitcoin sites.
For starters, you need to remember that when you gamble with most Bitcoin casinos, you will be asked to ‘sell’ the bitcoin to the casino. You will not actually be gambling with the bitcoin. Instead, the bitcoin casino will buy it from you and give you some money in the local currency of that site. This is likely going to be in pounds. You will want to ensue that the online casino is giving you a fair amount of money for what you are depositing into the account. Reviews should set you straight on this one! You do not want to get ‘scammed’, after all!
Unless you are gambling at a dedicated Bitcoin casino, it is unlikely that you are going to be able to withdraw the money you have deposited in Bitcoin either. Instead, you will be withdrawing it in your local currency. This is actually one of the main reasons as to why people gamble with Bitcoin. In theory, if the Bitcoin currency is plummeting, then you can sell it to the online casino, gamble a bit and, even if you make heavy losses, you may still end up withdrawing more cash than the Bitcoin would have given you if you had sat on it for a while!
The online casino should make it easy to play with the cash, so have fun! Remember; make sure that you are gambling responsibly. It will make playing online that much more fun for you.
What to Look For in a Bitcoin Casino
Bitcoin casinos are new. As you may imagine, most online casinos do not offer this service at the moment, mainly because of the way in which Bitcoin works. It is still an incredibly volatile currency. We figured that we would take the time to put together a guide that you can use to work out whether an online casino is actually going to be good for you or not. However, we do want to point out that just because an online casino is right for one person, it may not necessarily be right for you. This is why it is so important that you take your time finding an online casino which accepts bitcoin. Do not just jump into one because it promises the world. It will very rarely deliver on that promise.
The problem with many of the bitcoin casinos that we have seen online is the fact that they are not licensed by anybody. If you stumble across one of these casinos, then you need to avoid them like the plague. Just because they are offering payment in a currency which is ‘under the radar’, it does not mean that they need to be operating under the radar too. This is probably the quickest way for you to lose your cash to gamble on one of these casinos.
I am going to assume that you are based in the United Kingdom. This means that when you are searching for a Bitcoin casino, you need to make sure that they have been licensed by the UK Gambling Commission. If they have not, then you need to give them a skip. They are not going to be good to work with. You have no protection should things go a bit sour.
Thankfully for you, absolutely every one of the Bitcoin casinos that we list on this website will have been accredited by a decent licensing board so you do not need to worry about this one too much.
Obviously, Bitcoin is going to be a must if you are gambling at one of these online casinos. However, you will also want to think about the other payment methods that they have available. What if the value of Bitcoin has plummeted and you don’t fancy gambling with Bitcoin for a while? Well, you still want to play at the online casino.
The more payment methods they have available, the better. The same when it comes to withdrawals. It is probably worth pointing out that there are a number of online casinos which will allow you to deposit money into your account in Bitcoin but they will not allow you to withdraw it in bitcoin. This is something which does have its own pros and cons which I am not going to cover on this page. However, it is something that you are going to want to think about!
Selection of Games
This is where the real fun starts.
Perhaps one of the worst things you can do is select an online casino based upon whether they have a very specific game available for you to play. You can, but chances are you are going to get bored of that game. You will want to dive into a few of the other things that the online casino has available too. Basically, the wider the selection of games available, the better it is for you.
When I am looking for an online casino, I like to select casinos which have a contract with several different game providers. If they do, then you know that they are going to have hundreds, if not thousands, of games that you can sink your teeth into. This is going to work to your benefit! After all, the bigger the choice, the less chance you will need to spend time and effort tracking down a new online casino to get your fix.
This is not something that we normally focus on when we are selecting an online casino. In our mind, the fact that they have been licensed is good enough. However, since Bitcoin casinos seem to be a fairly new thing, you may want to check out a couple of reviews online so you can get a feel for how brilliant the online casino is e.g. whether they have smooth transactions and the like. You may even want to think about the price they are going to be giving you for that bitcoin.
You should always look into how the site functions. For example; is it quick and easy to withdraw your money?
One thing that I always focus on is whether there is a decent customer service system in place. You can’t expect 24/7 customer support from these companies. That is never something that is going to work. What you can expect, however, is that they are going to be more than happy to answer any questions within a couple of hours. The longer it takes to get back to you, the less that it seems like they ‘care’ and the more chance you have of having an abysmal time playing at that online casino.
I also love to focus on whether the online casino has mobile support or not. This is because I like to do all of my gaming on the go. Even if you do not do that at the moment, it is still something you should think about when you are looking for a Bitcoin casino as you will likely be gaming from your mobile device in the future.
Finally; think about the bonuses that they give you for signing up. Bitcoin casinos tend to have stricter bonuses to start with (i.e. your welcome bonuses), but the other bonuses that they offer e.g. your loyalty bonuses, are going to be so much better, so make sure that you choose an online casino which has some decent bonuses to ensure that you are being rewarded for continuing to play!
Is it Worth Playing at Bitcoin Casinos?
Obviously, if you do not use Bitcoin, then it is probably not going to be worth it for you in most cases, but you still may want to check them out, and I am going to give you a couple of the reasons as to why you should on this page! I’ll try not to bore you.
What are bitcoin casinos?
They are casinos which accept Bitcoin as a payment method! Simple as that.
Now, this does not necessarily mean that you will be gambling with bitcoin. In most cases, the online casino will check what the current price of bitcoin is when you deposit money into your account. They will then convert the money that you deposit into the current ‘price’ in your target currency. There are a couple of casinos which will allow you to gamble in bitcoin, but these can be a bit tougher to find. This is because it can really mess up the whole of the online casino’s system if there are multiple currencies being gambled through it.
In most cases, you will also not be withdrawing money in bitcoin. There are, again, a few online casinos which will allow this, and it is likely that more online casinos will offer a service like this in the future, but for the most part you will not be withdrawing the cash in bitcoin. It will be withdrawn in your local currency.
Is it worth gambling with bitcoin?
Well, this is obviously a very volatile cryptocurrency. If you think that the value is going to plummet over the coming weeks and months then sure, it is probably going to be worth gambling with the currency. You may end up winning more money than you were going to lose, which is awesome!
If you expect that the value of Bitcoin is going to go up, then you will need to weigh up whether gambling with bitcoin is going to be right for you or not. In most cases, it probably is going to be an awesome option for you because it is fun to have a bit of a tinker on some awesome games, but if you expect to make a massive loss, then you should probably just play in your local currency, particularly if the online casino does not allow you to withdraw your money in Bitcoin.
How do you choose a Bitcoin casino?
Ah. The fun questions! Well, there is a lot to cover in this section, so buckle up for the ride!
One of the first things you will need to think about is the deposit and withdrawal options that the online casino offers. Now, there are a few casinos out there which only deal in Bitcoin. Not many, but a few of them. However, only choose these online casinos if you are only ever planning to play in Bitcoin. I am not like that. I love to have a plethora of deposit and withdrawal options available so I can shake things up a bit. Remember; bitcoin is a very volatile currency, so there will be times where you will not wish to gamble with it at all, and if the online casino forces you into only using it, then you will need to find another online casino to play at. This is just going to cost way too much time and effort!
At the same time, I also need to check whether the online casino is licensed or not. If the online casino does not have a license, then I am not going to gamble there. There is absolutely nothing that the online casino can do to convince me to gamble there. Since most of my readers are based in the United Kingdom, then you will need to ensure that the online casino that you select has been licensed by the UK Gambling Commission. If it is not, then it is going to be unsafe to gamble at that site and you will need to move on. You will be wasting your money if you spend your cash there as you never know if you are going to be ‘scammed’.
Beyond this, you are going to want to look at the number of games that the online casino has available. Obviously, the more games they have for you to sink your teeth into, the better. Most of my readers are there to play slot machines. When I select an online casino, then it is nice to know that they have contracts with several different slot vendors. This way I always have something different to play. It also means that I am not going to be jumping from online casino to online casino in the search of something new. After all, it takes so much effort finding a single online casino to gamble on, you probably are not going to want to put the effort in again, right?
There should also be a mobile gambling option available. If there is not, then I will give the site a skip. This is because I plan to do most of my gambling ‘on the go’. In fact, the vast majority of people who gamble actually do it through their mobile devices. Even if you are not planning to do this right now, it is nice to have in the future, so you may as well choose an online casino now which offers it. I tis going to save a whole lot of time!
Finally; you may also want to think about the bonuses. Bitcoin casinos tend not to offer bonuses which are ‘out of this world’, but they do exist. Choose an online casino which offers an attractive bonus. Do not just focus on the introductory bonuses here. You should also think about the loyalty bonuses. These online casinos want you sticking around, so the loyalty bonuses are always going to be the best e.g. they may offer you matched deposits, free spins, or entry into competitions for you to win amazing prizes.