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Gambling with Bitcoin

Unlike traditional online gambling websites, Bitcoin allows players to gamble with complete freedom and control over their money and remain almost fully anonymous. As opposed to traditional RGM (Real Money Gaming) websites that use fiat currencies, the majority of Bitcoin gambling sites do not require any personal information in order to play. Bitcoin gambling sites also tend to offer much more generous bonuses and promotions, as well as bigger payouts than regular online gaming sites. This could be explained by the fact that processing payments with Bitcoin is either extremely low or completely free! Traditional online gambling operators have to pay large payment processing fees, causing a big dent in their overall profits. This means that Bitcoin Gambling sites can afford give out bigger wins and better bonus incentives because they don’t need to make up for the loss of revenue form high transaction fees. You will also find that Bitcoin casinos often have many more high limit games on offer than at regular online casinos, making them popular for high rollers. Similarly, at the opposite end of the spectrum, there are often no minimum deposit amounts, making it easier than ever to get playing. Another attractive aspect of using Bitcoins to gambling online is ‘Provably Fair’ gaming.
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Provably Fair

Provably fair gaming is a relatively new concept, but one that is set to be the future of online gambling. Fitting hand-in-hand with cryptocurrencies such as Bitcoin, ‘Provably Fair’ websites use cryptographic algorithms to ensure all bets are 100% fair. This technology allows players to verify every wager placed and know that it was a fair bet. Traditional fiat currency sites cannot claim to use provably fair technology, but luckily Bitcoin Casinos can!
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Types of Bitcoin Gambling Websites

Just like in the traditional world of iGaming, there are many different types of Bitcoin Gambling sites out there. Here we’ll run through a quick summary of what’s on offer…

 

Bitcoin Casinos

One of the most popular and entertaining ways to gamble online is online casinos, and it’s no different with Bitcoin world. There are new Bitcoin Casinos popping up every month, giving players like you and me tonnes of options and a wide variety of games. The main difference you’ll notice with Bitcoin though is the higher odds and often instant withdrawals. Here’s what you can expect to see at a Bitcoin casino:

Bitcoin Slots
Slots are by far the most popular online gambling games. Slots can be found in abundance at Bitcoin casinos and we are now starting to see first class gaming content from providers such as NetEnt and Quickfire (Microgaming) available to play at Bitcoin Casinos. But that most attractive thing, of course, is the payout percentages. Some sites have slots with payout percentages as high as 99%. So if you’re a slots player, you’re going to love playing at Bitcoin casinos.
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Bitcoin Blackjack
As with slots, when it comes to Blackjack, Bitcoin casinos offer 1st class quality gaming content form top providers. Blackjack is the second most popular form of casino gaming behind slots and this also reflected in the Bitcoin world. There are many Bitcoin blackjack games out there (including high limit) and we’re sharing the best ones with you!
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Bitcoin Roulette
The second most popular table game after Blackjack is Roulette and as with traditional fiat currency casino sites they are also very common at Bitcoin Casinos. So that means, again, better odds and better payouts. You will find all your favourite forms of roulette, such as European Roulette, French Roulette and American Roulette, all well represented at Bitcoin Casinos.
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Bitcoin Baccarat
One of the most popular casino table games out there is Baccarat both online and in land based casinos. The main reason for Baccarat’s huge popularity could be down to it’s low house edge compared to other casino games, the house age being around 1.17%. Playing Baccarat at a Bitcoin casino has the same advantages as all other Bitcoin Gambling games, making for an all-round better player experience.
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Bitcoin Craps
Another popular casino table game you will see a lot of online is Craps. In a land based casino setting, the Craps table is where you usually see a crowd of players having a fun and making a lot of noise. The online versions might not be as noisy, but can be just as fun if you’re a fan of the game. As with all other casino games, Bitcoin casinos offer the best odds.
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Bitcoin Live Casino
Just like regular fiat currency online casinos, the Bitcoin world also features Live Casino table games. You can play Live Blackjack, Live Roulette and Live Baccarat games with Bitcoin, just as you would with traditional currency and these games tend to be found at the casinos running the best gaming platforms. You can find out which Bitcoin casinos offer live dealer games here.

 

Bitcoin Dice

One surprise that emerged from the advent of Bitcoin was the sudden boom in popularity of Dice Games. It all started with the website SatoshiDice which set the trend as a destination for people to gambling on the blockchain with Bitcoin. Now there are dozens of Bitcoin Dice sites out there. At almost all dice sites creating an account is not necessary. All you need to do is send Bitcoins to a personal Bitcoin Wallet address that the site generates for you and any wins will be returned to this address. Bitcoin Dice is a unique gambling experience simply can’t be had at regular fiat currency gaming sites.
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Bitcoin Poker

There’s no denying that online Poker is massively popular, but Bitcoin opens up whole new doors for the game. It is now possible to play anonymously and cash out instantly making Bitcoin Poker a very attractive option. A lot of poker games and Video Poker games can be found at Bitcoin Casino sites, but where Poker really shines is at dedicated Bitcoin Poker sites. There are a few really good BTC Poker sites out there which we’ve reviewed them here at Bitcoin Gamblers.
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Legality & Regulation

A hot topic of discussion exists around the topic of legal issues when it comes to gambling online with Bitcoin. Due to the fact that Bitcoin is a virtual, decentralised cryptocurrency, many people believe Bitcoin exists outside of the laws of regular gambling and should not be treated in the same way as traditional fiat currencies. This is still a grey area, and the attitudes differ from country to country. Many more world governments and financial institutions are seeing the potential of Bitcoin, or rather it’s underlying Blockchain technology. On the whole though, at this present moment in time, Bitcoin is viewed by authorities as a commodity as opposed to a currency allowing for the rapid rise of Bitcoin gambling sites worldwide.

 

 

DISCLAIMER
Bitcoin Gamblers does not encourage or recommend any form of illegal gambling. We strongly advise players to always check first to find out if online gambling, with any currency, is legal in your jurisdiction. We do not recommend that you illegally gamble online in a jurisdiction where online gambling is outlawed. We also recommend you check with sites you want to play at to make sure they have a licence as an operator to offer internet gambling services in your jurisdiction. We also encourage players to check that gambling with Bitcoin is allowed in your jurisdiction (even in those jurisdictions that allow fiat currency gambling) before deciding to play at a Bitcoin Gambling website.