Pros & Cons of Bitcoin casinos
- Enhances security
- Quick transaction times
- Lower fees
- Huge bonuses and incentives
- Anonymous and private transactions
- Lacks regulation
- Highly volatile
What is Bitcoin, and how is it utilised in online casinos?
In the last decade, there has been an uproar over cryptocurrencies, focusing mainly on Bitcoin (BTC). It was among the first cryptocurrencies and was introduced in 2009 by an anonymous developer(s) named Satoshi Nakamoto.
It is a virtual currency that works as a form of payment, just like money. The only difference is that it is not centralised and has no third-party involvement in its financial transactions. Instead, it uses a network of miners to validate transactions on the blockchain.
In online gambling, players must have an account platform like Coinbase to access the funds. It functions just like a wallet. With the account, you can now buy bitcoins using different methods and in various currencies. Using this wallet, you can fund your casino account and receive your winnings in the form of BTC.
Top 5 Bitcoin Casinos with Free Spins
Mega Dice Casino
Mega Dice Casino was established in 2023 and is one of the best bitcoin casino site. One of its famed offers is the welcome bonus, a 200% match up to 1BTC and 50 free spins. These free spins can be used on games such as Wanted Dead or a Wild.
The free spins come with a 40X wagering requirement, and you must use it within 7 days lest you forfeit them together with any winnings attached to them.
Lucky Block
Lucky Block Casino is another crypto casino that allows players to claim a bonus of 200% match up to €10,000 plus 50 free spins upon making their first deposit. You can use these free spins on the Wanted Dead or a Wild slot game.
While the bonus cash is valid for 14 days, the free spins last 7 days. Like most welcome offers, it is only valid once per customer, computer, and IP address.
BC.Game
BC.Game offers some of the best Bitcoin casino free spins. It has a lucky wheel bonus spin with a 5BTC jackpot that happens every day. This bonus comes in three classifications: Lucky, Super, and Mega. Your access depends on the loyalty tier you are at.
For this offer, the bronze and silver members get up to 1BTC while the gold and platinum members spin to win up to 3BTC. The highest level is the diamond level, which allows players a prize of up to 5BTC. The best thing is that all members have one free spin on this wheel daily.
Empire.io
Empire.io’s welcome package does not feature free spins. However, players can get constant free spins when playing particular slot games. These promotions pop up with other gifts while playing in the casino.
These free spins offered ultimately depend on the promotion and tournaments running. One of the running offers we found was 10 free spins & 20% cashback. To know the available free spins at any particular point, visit the ‘Rewards’ tab on Empire.io casino.
MyStake
MyStake Casino offers its new players 20 free spins to be used on the Book of Dead slot game. You will get these spins upon completing your sign-up process at MyStake.
Besides this offer, MyStake Casino runs a promotion for cryptocurrency clients who deposit not less than €30 from Tuesday to Thursday. Every qualifying deposit you make will earn you 50 free spins. If you make a qualifying deposit every day between Tuesday and Thursday, you get a total bonus of 150 free spins. The biggest advantage of this bonus is that it has no playthrough requirement.
How to Deposit in Bitcoin Casino
While the precise process of deposits may differ from one casino to another, there are primary steps that generally apply at every casino.- Setup your online Bitcoin wallets such as Coinbase or Binance
- Load your regular currency into BTC
- Authorise a transfer of BTC to your online casino account
- Share your Bitcoin wallet address and specify the deposit amount
- Start playing your favourite games
Crypto Fees and Payment Limits in Bitcoin Casinos
Each cryptocurrency has transaction fees incorporated into its basic operating structure. Some cryptocurrencies refer to it as network fees or processing fees. The fees are usually very small, and most casinos absorb them, so they are not imposed on you. While most Bitcoin casinos absorb the cost and make it free on your end, your selected method may require you to pay some fees. You need to confirm this beforehand.
At most Bitcoin casinos, the minimum deposit is set at around 0.0001BTC. Nevertheless, it is important to understand that the exact limit differs from casino to casino. As such, you must visit each casino individually to know the set limit before deciding.
Different Types of Bitcoin Casinos
Pure Bitcoin Casinos
As the name suggests, pure Bitcoin casinos only accept Bitcoin as payment. You can use BTC for deposits and withdrawals at these casinos.
Since they solely run on BTC, these casinos often offer fast and cost-effective transactions. They are designed for peer-to-peer transactions and eliminate intermediaries. In most cases, they also lack a maximum cap on the amount you can withdraw, thus making it all convenient. You can request as many withdrawals as you want.
Bitcoin Casinos that are mixed with Fiat currencies
There is a second type of Bitcoin casinos that accepts both crypto and fiat currencies. In these casinos, you can deposit and withdraw using Bitcoin and other fiat currencies such as USD, EUR, INR, GBP, and JPY. This means you can top up your account and withdraw using MasterCard, Visa, PayPal, and Neteller, among other methods. These casinos offer unmatched flexibility as you can make payments with your preferred currencies, fiat or crypto.
Return to Player in Bitcoin casinos
Return to Player Percentage, commonly known as RTP, represents the theoretical % that casinos payout to players over time. For instance, if the RTP of a particular game is set at 95%, it means that out of all the funds gambled on it, the casino returns to the player around 95%.
Bitcoin casinos have an average RTP %. You can expect most games to have an RTP of 95 to 96%. It is not so different from the regular casinos. However, some casinos go up to 99%, especially for live and table games.
Bitcoin Casinos Free Spins and Other Bonus Offers
Bitcoin Casino Free Spins
Free spins are the most common offer at a Bitcoin casino. They are eligible for certain slot games and often attract wagering requirements. This means you must wager them at least 40X or 50X before requesting a withdrawal.
While most crypto casino sites have a varying timeframe for expiry, you can expect them to last for 7 to 14 days. You must wager them within this timeframe. Failure to do so means you forfeit the winnings attached to them.
Bitcoin Casino No Deposit Bonus
No deposit bonuses, as the name suggests, do not require you to make any deposits. It is a free bonus to play with and win real money. To be eligible for these offers, most Bitcoin casinos require you to sign up and fulfil particular terms.
Some may have the offers pegged on a day, a particular game, or special events. Like other bonuses, you can withdraw the winnings after fulfilling the wagering requirements.
Welcome Bonus
A welcome bonus, also known as a welcome package, is an offer only eligible to new players. It is mostly a deposit match of a particular % and could include free spins.
To claim this bonus, you must create an account with your selected Bitcoin casino and make your first qualifying deposit. The casino will then credit your account with the funds. Like all the other bonuses, you must check the wagering requirements to know what is expected from your end.
BTC Cashback Bonus
BTC cashback offers allow you to receive part of the funds you have wagered at a Bitcoin casino. It is usually offered as a percentage against a specific amount that you use at the casino or have lost at a casino.
The refund or return is typically in the form of a risk-free bet and not money. Like the other offers, it has an expiry date and a set of terms and conditions you must confirm from your selected Bitcoin casino.
Reload Bonus
Reload bonuses are a category of deposit offers. A BTC casino might state that for every reload you make, you get a particular percentage, up to a certain amount. The bonus applies when you deposit more funds into your online casino account. It is a perfect way to gamble more on your favourite games.
VIP programs and Promo Codes
VIP programs are meant for high-rollers. Some casinos may have a loyalty program that rewards their most valuable customers with specific bonuses, gifts, and even free spins.
Most of them have categories to the VIP ladder, and the more you play, the more you ascend and unlock more benefits, including personalised services.Promo codes, on the other hand, help players unlock more rewards. They are often optional; you can get them from casino affiliate sites.
Top Bitcoin Casino Free Spins No Deposit
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Top Bitcoin Casinos with Free Spins No Deposit
Most Bitcoin casino sites offer free spins in conjunction with a deposit. However, there are a few with exciting free spins offers that do not require you to make a deposit. Here are the top ones you can sign up for:
- BC.Game – 80 free spins no deposit
- Bitcasino.io – 200 free spins on registration
- Bets.io – 100 free spins no deposit
Games at Bitcoin Casinos
Bitcoin Slot Games
Like regular fiat casinos, Bitcoin casinos pride themselves on having a good selection of slot games. Upon visiting the bitcoin casino site, you can choose from various types, including the classics, video slots, and jackpots. You can play them with BTC and withdraw your winnings. Even better, most of the free spins you get can be used on these slots.
Table games with Bitcoin
Table games are the second most popular casino games after slots. They are played on a table and most times involve cards. In the Bitcoin casinos, you will find different types of baccarat, poker, roulette, craps, and blackjack. They present in variations and come from different providers. You can play them at a Bitcoin casino, just as in a regular gambling site.
Live Casino Games with Bitcoin
The live casino section allows you to play classic casino games as if you were in a traditional casino. You can play roulette, blackjack, poker, and even baccarat. A live dealer mans them and include other live players. It is the perfect chance to immerse yourself in a real-life experience.
Security in Bitcoin Casinos
The security of Bitcoin casinos is higher than that of regular gambling sites. This is because Bitcoin’s network security is multi-layered. All the transactions, mining, hashing, and confirmations work to ensure that the blockchain cannot be penetrated. Generally, they are anonymous and more secure.
Alternative Cryptocurrencies
Bitcoin Cash
Bitcoin Cash, or BCH, comes second after Bitcoin itself. It gives players faster or even instant transaction speeds and lower fees. With these perks, you can expect to find it in most crypto casinos.
Ethereum
Ethereum, ETH, is a popular alternative to BTC due to its huge potential. The major difference is that BTC was created as an alternative to national currencies, while ETH was intended to enable digital contracts and applications. Second to BTC, you will find many crypto casinos that support Ethereum as a payment method.
Tether
Tether, or USDT, is a cryptocurrency that falls under the category of stablecoin. It strives to maintain its value at approximately $1. Following this, it has become a reliable and stable crypto compared to BTC. This makes it a great option for those who want high volatility.
Litecoin
Litecoin, commonly abbreviated as LTC, runs on the same blockchain as Bitcoin. It is a ‘lite’ version of Bitcoin and operates on a lesser scale than BTC. The crypto has a smaller capacity than Bitcoin and is perfect for those who feel that BTC is too high.
EOS
EOS focuses on building a decentralised blockchain that can quickly process transactions without any fees. With extra services such as cloud storage, fast user authentication, and server hosting, it is a great option for gamblers.
Cardano
Also known as ADA, Cardano is a digital currency available on most crypto-gambling sites. Like the other currencies, you can use it on your favourite games and even withdraw your winnings.
How to Open a Bitcoin Wallet
Opening a Bitcoin wallet doesn’t have to be daunting. Here are 5 quick steps:
- Choose a software wallet app such as Coinbase
- Download the wallet app to your phone or desktop
- Create an account by filling in personal information
- Transfer funds and convert them to BTC in your wallet
- Fund your casino account and start gambling
Alternative payment methods to Bitcoin
PayPal
PayPal is one of the biggest names in online payments. It ranks top in Fortune 500 companies and is widely accepted in most casinos. To use it, you only need to create a PayPal account, verify, and begin your transactions. It is safe and adds an extra layer of security to all the transactions.
Debit Cards
Debit cards such as Visa and MasterCard are popular online payment options. They are simple, quick, and secure for online casino payments. Most banks issue these cards out, thus making it easy to get them.
Skrill
Like PayPal, Skrill is another option that allows you to pay for your online gambling sites and withdraw quickly. The best thing is that you do not need to share bank and card information anytime. This makes it more comfortable and secure.
Neteller
Neteller is an e-wallet that requires linking with a credit, debit, or bank account. It also has its Prepaid Net+ MasterCard that you can use to top up your account on sites that accept MasterCard. Being an e-wallet, it is generally faster than most conventional methods.
Mobile Bitcoin Casinos
Most Bitcoin casinos allow you to play your favourite games on your phone or mobile. This allows you to participate in your desired games regardless of where you are. You can access them via your HTML5 browser or dedicated app. It all depends on the casino in question. As a player, you can confirm the availability of a mobile app on the casino’s official website.
History of Bitcoin
Bitcoin is a cryptocurrency that runs on blockchain and was first introduced in 2009. It is said to be owned by a programmer or a group of programmers under Satoshi Nakamoto. However, the actual identity has not been verified. Over the years, it has become the most valuable and popular cryptocurrency for online payments.
FAQs Bitcoin Casinos
What is a Bitcoin Casino?
A Bitcoin casino is a gambling platform that uses Bitcoin as a form of payment. It can be alone or in conjunction with other fiat payment methods such as Visa, MasterCard, PayPal, Neteller, and Skrill. After playing digital currencies, Bitcoin casinos allow you to convert your funds into fiat as desired.
Are Bitcoin Casinos Safe and Legal?
Bitcoin, as a currency, isn’t regulated and hasn’t been prohibited. While no law bars it from operations, the country hasn’t passed it as bitcoin casinos legal. For them to operate in the UK, they must have a license from the UKGC. As such, bitcoin casinos aren’t illegal and are safe. Most gambling sites offer you a Privacy Policy so you can know the terms of service you are working with.
Which online casinos in the UK accept Bitcoin?
The UK gambling scene is lucky to have many online casinos operating on Bitcoin. Some of the ones we have discussed in this review include Mega Dice, Lucky Block, MyStake, Empire.io, and BC.Game. You only have to select your preferred one to get started.
Are Bitcoin Transactions Free?
Exchanges and brokerages impose a fee for buying and selling Bitcoin. Nevertheless, the exchange fees differ from those you need to process your BTC transaction. In most cases, the fees are very small, and Bitcoin casinos absorb them, so they are free.
Do Bitcoin Casinos Offer Bonus Promotions?
Yes. Like other gambling sites, Bitcoin casinos have bonus promotions and bonuses. These allow you to maximise your experience on the site. Some common ones include welcome bitcoin casino bonuses, reload casino bonuses, and free spins. They vary from one casino to another.
Can I use Bitcoin at Traditional Online Casinos?
You can use Bitcoin at any casino if it is listed as a payment method. Most casinos list the accepted methods on their websites, thus making it easy for you to find out. Simply visit your preferred traditional online casino and confirm.
How long do Bitcoin withdrawals take?
The timeframe for withdrawal depends on the token in question. However, after a casino approves your withdrawal request, you will get your BTC anytime between 1 and 24 hours.
Can you make Bitcoin transactions through your phone?
Yes. If your selected wallet is viable, you can easily complete transactions on your phone. Some wallets are available in mobile apps, while others can be accessed from your preferred browser.
- UKGC & MGA Licenses
- Safe & secure banking
- Instant play platform
