Bitcoin online casinos
Bitcoin has revolutionized global financial transactions as the leading cryptocurrency, preferred by many in online transactions, including online casinos. With its decentralized nature, Bitcoin offers users a swift and straightforward payment method, appealing to cryptocurrency enthusiasts. Its flexibility extends beyond its own token, accommodating various cryptocurrencies accepted by online platforms. Bitcoin distinguishes itself with prompt transactions and no additional casino fees, making it efficient and cost-effective for digital transactions.
In New Zealand, with its progressive stance on digital currencies and growing online gaming market, Bitcoin serves as just another banking option for enthusiasts, providing an added layer of privacy and security.
Best Bitcoin casino sites in 2024
| Best overall | Joo Casino |
| Casino bonus | 7bit Casino |
| Game offer | Rabona Casino |
| Fast payout | Leon Casino |
| Mobile app | Katsubet Casino |
Bitcoin casino sites to avoid
Although Bitcoin transactions are generally considered secure due to the underlying blockchain technology, there are still risks associated with storing and transacting with Bitcoin, such as hacking, phishing attacks, or the loss of private keys.
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Furthermore, Bitcoin’s value can be highly volatile, with significant fluctuations in price over short periods. This volatility introduces uncertainty about the value of your funds fluctuating dramatically between deposit and withdrawal.
Bitcoin at a glance
Company overview
| Inventor | Satoshi Nakamoto (pseudonym) |
| Owner | Open-source |
| Corporation Type | Public |
| Founded | 2008 |
| Solution type | Cryptocurrency |
| Headquarters | Saint Kitts and Nevis |
| Key markets | Worldwide |
| Website | Bitcoin.com |
Bitcoin, the pioneering cryptocurrency, was introduced to the world in 2008 by an enigmatic figure known only by the pseudonym Satoshi Nakamoto. Unlike traditional currencies, Bitcoin operates on a decentralized network, with no central authority or owner. Its source code is open-source, meaning that anyone can review and contribute to its development.
Founded as a solution to the flaws inherent in traditional financial systems, Bitcoin has gained traction worldwide, transcending geographical boundaries and appealing to a diverse range of users.
For more information about Bitcoin, you can visit Bitcoin.com, the official website dedicated to all things related to this groundbreaking cryptocurrency, however, Bitcoin.com can only help you with issues related to the website and not any issues related to the Bitcoin network.
Bitcoin payment solutions
Most reputable payment solutions tailored for handling Bitcoin transactions in the digital realm are CoinsPaid and Eazy Wallet.
CoinsPaid, known for its robust infrastructure and user-friendly interface, provides you with a comprehensive suite of tools for managing Bitcoin payments securely and efficiently.
On the other hand, Eazy Wallet stands out for its simplicity and accessibility, offering you a straightforward platform to send, receive, and store Bitcoin with ease.
Both solutions prioritize security and convenience, making them popular choices among experienced players seeking reliable Bitcoin payment solutions in the digital age of online gambling.
Advantages of using Interac for online gambling
Anonymity
Bitcoin transactions are pseudonymous, providing you with a certain level of privacy when gambling online. You can enjoy a degree of anonymity, as transactions are not directly linked to your personal information.
Security
Bitcoin transactions are secured by cryptographic techniques and the decentralized nature of the blockchain, making them highly resistant to fraud and hacking. You can play with confidence, knowing that your funds are protected.
Global Accessibility
Bitcoin can be used for online gambling from anywhere in the world, bypassing traditional banking restrictions and allowing for seamless international transactions. This accessibility is particularly beneficial for users in regions with strict banking regulations or limited access to traditional financial services.
Fast Transactions
Bitcoin transactions typically have faster processing times compared to traditional fiat payment methods. Deposits and withdrawals can be completed quickly, allowing you to start playing or access your winnings without delay.
Lower Fees
Bitcoin transactions often have lower fees compared to traditional fiat payment methods, reducing the cost of gambling transactions for users. This can result in more of your funds being available for playing or higher winnings retained.
Decentralization
Bitcoin operates on a decentralized network, with no central authority controlling the currency. This eliminates the need for intermediaries such as banks, reducing the risk of transaction delays or account freezes often associated with centralized financial institutions.
Increased Limits
Many online casinos that accept Bitcoin offer higher deposit and withdrawal limits for Bitcoin transactions compared to traditional payment methods. This allows you to deposit and withdraw larger amounts of funds, providing greater flexibility for high-stakes games.
Innovation
Bitcoin has spurred innovation in the online gambling industry, leading to the development of new platforms and games specifically tailored to cryptocurrency users. These innovations offer unique gaming experiences and opportunities for users to explore.
Disadvantages of Bitcoin
Volatility
Bitcoin’s value can be highly volatile, leading to fluctuations in the value of funds held in Bitcoin wallets. This volatility introduces uncertainty for players, as the value of their winnings or losses may change significantly over short periods.
Regulatory Uncertainty
The regulatory landscape surrounding Bitcoin and iGaming varies widely between jurisdictions. Some countries have strict regulations or outright bans on Bitcoin gambling, leading to legal uncertainties for users.
Limited Adoption
While Bitcoin is gaining popularity, not all online casinos accept it as a payment method. You can encounter limitations in terms of the availability of Bitcoin at some online platforms or the range of games and services offered.
Learning Curve
Using Bitcoin at online casinos requires you to familiarize yourself with new technology and concepts, such as digital wallets, private keys, and blockchain transactions. This learning curve can deter some users from adopting Bitcoin as a payment method.
Irreversible Transactions
Bitcoin transactions are irreversible once confirmed on the blockchain, meaning that you cannot reverse or dispute transactions in the event of errors or fraudulent activity. This lack of recourse can be a disadvantage if you encounter issues with online casinos or Bitcoin transactions.
Security Risks
While Bitcoin transactions are generally considered secure, there are still risks associated with storing and transacting with Bitcoin, such as hacking, phishing attacks, or the loss of private keys. You must take precautions to protect your Bitcoin wallets and ensure the security of your funds.
Bitcoin customer support
To get customer support for Bitcoin depends on the specific issue you’re encountering. Many Bitcoin-related services, such as wallets, exchanges, and online casinos, offer customer support through their official websites. You can look for a “Support” or “Help” section where you can find FAQs, guides, and contact information.
If there’s an email address provided for customer support inquiries, you can send an email detailing your issue. Some Bitcoin services offer live chat support, allowing you to chat with a support representative in real-time.
You can also visit Bitcoin.com, the official website dedicated to all things related to the cryptocurrency, however, Bitcoin.com can only help you with issues related to the website and not any issues related to the Bitcoin network. If you need help with general Bitcoin network questions and issues, you can visit their forum and ask questions there for an open discussion about Bitcoin.
How to deposit with Bitcoin at online casinos
Online casino withdrawals with Bitcoin
Bitcoin payout time
The average payout time for Bitcoin transactions at online casinos can vary depending on several factors. After you request a withdrawal, the online casino must process your transaction internally. The processing time can vary depending on the specific casino’s policies and workload. Some casinos process Bitcoin withdrawals instantly, while others may take several hours or even days.
Some online casinos have specific withdrawal policies for Bitcoin transactions, including minimum and maximum withdrawal amounts and processing times. Make sure to check the casino’s withdrawal policy to understand the expected payout time frames for Bitcoin withdrawals.
Once the casino approves your withdrawal, the Bitcoin transaction needs to be confirmed on the blockchain. Bitcoin transactions require multiple confirmations by miners to be considered secure. The time it takes for transactions to be confirmed on the blockchain can vary depending on network crowding and the transaction fee paid.
Bitcoin casino bonuses
Some Bitcoin casinos offer various bonuses and promotions to attract and retain players. However, welcome bonuses for new casino players that are exclusively for crypto currencies users are somewhat rare. Nevertheless, most online casinos that accept Bitcoin as a payment method provide the option to acquire the welcome package by converting your crypto deposit into a fiat currency.
These casinos provide a range of welcome packages for your selection, spanning from a 100% match bonus up to NZ$400, all the way to a substantial NZ$10,000 offer. Additionally, at many Bitcoin casinos, you have the opportunity to claim anywhere from 50 to 500 free spins as part of the welcome bonus package.
Before finalizing your choice, we recommend thoroughly reviewing our casino reviews and the terms and conditions of each casino. Pay close attention to factors such as wagering requirements (WR), maximum bet limits, timeframes for fulfilling the WR, and maximum cashout limits. This will ensure you are well-informed about the conditions and can make the most advantageous decision regarding both the casino and its bonuses.
Bonus terms
Canadian casinos offer a variety of welcome bonus offers, with activation requirements varying from entering a code to automatic addition of the bonus amount to your account upon your deposit.
Some Bitcoin casinos boast substantial bonuses, which can be very beneficial, provided the bonus terms are feasible. Wagering requirements (WR) typically range from a favorable 40x bonus to a more rigorous 70x bonus, with variations like 45x deposit + bonus or 40x on free spins winnings.
Among Bitcoin casinos, King Billy stands out for its exceptional WR of 30x bonus and 30x free spins winnings, coupled with a maximum bet limit of NZ$7.5.
Game contribution towards WR also varies, with slots usually contributing 100%, while games like roulette, blackjack, keno, scratch cards, and video poker may contribute less, often up to 8% of the bets. Live casino games are generally excluded from bonus eligibility, limiting options for Canadian players seeking live casino bonuses.
Bitcoin casino games
Bitcoin-exclusive online casino games are those games specifically designed for and only available to players using Bitcoin or other cryptocurrencies as their primary payment method. These games often cater to the unique features and advantages of cryptocurrencies, and are usually heavily advertised on the casinos main page.
Slot games that accept Bitcoin as the primary currency for wagering often feature themes related to cryptocurrencies or blockchain technology and may offer unique bonus features or progressive jackpots.
Provably fair games are unique to cryptocurrency casinos and allow players to verify the fairness of each game round using cryptographic techniques. These games include various casino classics such as blackjack, roulette, dice, and more.
Nevertheless, most online casinos that offer conversion of crypto to fiat currencies have their entire library of games available for crypto users. So, if you’re depositing with Bitcoin, you’ll be able to enjoy the full selection of games offered in every category, including both table games and live dealer games.
Conclusion
Bitcoin has significantly transformed the landscape of online casinos, offering players around the world a secure, private, and convenient payment method for their online gaming activities. From its inception as a decentralized digital currency to its widespread adoption as a preferred payment option at online casinos, Bitcoin has revolutionized how players fund their accounts and withdraw their winnings.
With advantages such as anonymity, fast transactions, lower fees, and increased accessibility, Bitcoin has become a staple in the iGaming industry, providing players with a viable alternative to traditional banking methods. The future of Bitcoin and online casinos is promising, with continued innovation and growth to surely enhance the gaming experience for players worldwide.
Bitcoin is a decentralized digital currency that allows peer-to-peer transactions without the need for intermediaries like banks. It operates on a blockchain network, ensuring transparency and security in transactions.
To use Bitcoin at online casinos, you’ll need to have a Bitcoin wallet to store your funds. Simply select Bitcoin as your payment method, enter the amount you wish to deposit or withdraw, and follow the casino’s instructions to complete the transaction.
Yes, Bitcoin transactions at online casinos are generally considered secure due to the cryptographic techniques used to protect them. Additionally, the decentralized nature of the blockchain network ensures transparency and reduces the risk of fraud.
Some advantages of using Bitcoin at online casinos include increased privacy, faster transactions, lower fees, global accessibility, and the ability to bypass traditional banking restrictions.
While Bitcoin offers several advantages, there are also some drawbacks to consider, such as volatility in Bitcoin’s value, regulatory uncertainties, limited adoption at some online casinos, and the learning curve associated with using cryptocurrency.
