Bitcoin Casinos is the latest fad when it comes to gambling at casinos online. Make no mistake this wonderful piece of virtual currency disrupted the online gambling industry for the better. Initially, we had our reservations about it because of its volatility.
The question we asked ourselves a zillion times is it safe to deposit and play with it at casinos? And, what makes Bitcoin so special? These are just some of the answers we address in this piece. Once we understood the technology that drives Bitcoin. A new virtual gambling world opened up to us. The nice bit about it is that online casinos now embrace Bitcoin.
As real money online slots experts, we regularly update our USA casino online players with the most convenient banking options. More importantly, Bitcoin makes cross-border transactions at online casinos effortless.
Before we press on let’s give you a snapshot of Bitcoin from a layman’s perspective. Since there are less than 19 million bitcoins in supply. The price of Bitcoin surged from a few cents to an all-time high of more than $60,000 earlier this year. Therefore, is it wise to use Bitcoin as a currency to play at online casinos? Yes, it is but we urge you to do so within your financial means.
Moreover, gambling legislation in the United States does not restrict Bitcoin holders from playing at offshore US Casinos. Onlinecasinos2.com covers the safest Bitcoin casinos to players from the States and from abroad. Before a new Bitcoin casino makes it onto our site we check the following:
Does the Bitcoin casino have a license? Popular offshore regions for bitcoin gambling sites are Curacao, Costa Rica, and Panama. Whilst some bitcoin casinos operate without a license. In other words, independently. Does it make them safe? It depends on their track record and the way they treat their players. As a rule of thumb, a bitcoin casino must have a license, which makes it legal.
The next thing we look at and we mentioned this before is the Bitcoin casino’s reputation. We guarantee you that the bitcoin gambling sites we work with are 100% legal and secure. They offer you plenty of bonuses and a wide variety of provably fair games. Finally, perks, near-instant deposit and withdrawals, and excellent support.
Needless to say, the blockchain brought a lot of innovation to the online casino industry. The term that pops up a lot especially when it comes to casino games is “Provably Fair”. It enables players to verify a result and they can verify a game’s fairness. Essentially it’s a Blockchain-based algorithm that works the same as the RNG.
Keep in mind that some BTC casinos can be a scam despite advertising provably fair games. Only play at the casinos in Bitcoin, OC2 recommends.
Once you picked a Bitcoin casino the next step is to register an account. For the most part, they require just your email address while some sites will require a few personal details. Once your account is up and running. Work your way around the site’s lobby to familiarize yourself with the games, promotions, banking, and perks.
In the following section we briefly touch upon BTC casino bonuses and the perks they offer you.
The word “Best” can have a negative connotation at times since review sites like ourselves tend to overuse it. In our case, it’s most probably the best way to describe our top BTC online casinos. Without sounding too dramatic we believe there’s always room for improvement. It’s also important that we keep our eyes on the ball all the time. The best BTC casino today might not be so good tomorrow. This is why we update our list
If we can rattle off a few BTC sites from the top of our head we highly recommend:
Wild Casino: It’s a wild place indeed as far as its BTC 250% bonus code goes and absolutely stunning promotions! Make sure you don’t miss them because it’s a player’s paradise.
New Vegas: It’s the newest addition to our Bitcoin stable of casinos. BTC players dig the site because it’s just as loud as Vegas. This BTC casino definitely puts its money where its mouth is. Newbie BTC players can top their budgets up with a BTC bonus valued at 410% up to $4,000!
If you’re ready to risk your money, Bitcoin Casinos allow you to register accounts with an in-house wallet. In return, this enables users to transfer their bitcoins via a number to the casino.
Here at onlinecasinos2.com, we negotiate exclusive BTC bonuses to players who sign up via the OC2 link. The bonus is optional. To claim it you must provide the code for it and make the min deposit. Don’t just accept the bonus because it’s a nice cash injection. Read the bonus terms carefully and make sure it suits your style of playing.
Once I become a returning player do I qualify for other perks from the BTC online casino? Bitcoin casinos love returning customers hence the reason they offer them special bonuses, comps, and cashback on their losses.
Further, customers can catch more perks via their VIP programs. The best bitcoin casino sites reward you with comps as you play. The big BTC spenders qualify for a cash reward on their losses of up to 21%. Players also have the luxury of participating in daily BTC promotions. Here the casino awards free spins, reload, and special bonuses on selected casino games such as the newest slot releases.
Perhaps the best way to earn Bitcoin for free is to play casino games for real money at BTC Casinos. The best Bitcoin casinos offer you hundreds of casino games. They categorize them into slots, table games, video poker, progressive jackpots, live casinos, and specialty types. Alternatively, you can register a BTC wallet at Coinbase, or earn Bitcoin by trading.
Once the BTC Casino paid over your winnings there are several ways to convert your BTC into cash. You can buy US Dollars at an exchange such as Kraken or Coinbase. They’re the top crypto exchanges for players from the States.
Aside from BTC, our trustworthy Bitcoin casinos accept a variety of banking methods. Players from the United States can use XRP, Bitcoin Cash, Ethereum, and Dogecoin. While Australian casino players can withdraw their money via Neteller, and Skrill.
Other payment options are Visa, MasterCard, Checks, MST Gift Cards, and Bank Wire. The latter banking options charge withdrawal fees. While BTC withdrawals are essentially free. Does it take for the BTC Casino to transfer the money I’ve won to my wallet? BTC casinos typically pay their players within a few hours up to 12 hours.
BTC Casinos convert Bitcoin into US dollars automatically. Moreover, they automatically convert your bitcoins back to $USD upon withdrawal. The weekly withdrawal limit of our top BTC sites ranges from BTC$2,500 up to $BTC15,000.
Unfortunately, you must declare all your BTC casino winnings to the IRS. According to Bitpokerstar.com, the US government sees gambling as an alternative source of income. The current tax for online casino winnings in the U.S is 25%.
Bitcoin is one of the safest methods to purchase goods and services online. This includes transferring bitcoins to and fro from casinos online. When you transfer bitcoins to the casinos make 100 percent sure you have the right BTC address. If you transfer your bitcoins to the wrong address you’ll lose them.
Yes, you can. Bitcoin casinos allow you to play their games for free before you play with bitcoins. It’s a great way to test a game before you deposit.