Online Gambling with Bitcoin 2022
Bitcoin and other cryptos are gaining recognition all across the globe, and numerous industries start using them alongside traditional currencies. Virtual gambling is no exception, and now, you can bet and gamble using Bitcoin.
What Is Bitcoin Gambling?
In short, Bitcoin gambling is paying for digital casino services with BTC instead of other regular currencies. Actually, gambling with crypto has its own additional benefits. For example, you can make deposits and cash out with BTC instantly in most cases, whereas dollars or euros will take time to process or convert. This is especially important if you would have used your smaller local currency otherwise. In addition, using Bitcoin provides anonymity and security, while using your credit card will provide access to your personal data.
Is It Legal to Gamble With Bitcoin?
This question does not have a clear answer yet for certain reasons. The use of cryptocurrencies overall is not legally allowed or banned in the majority of countries yet. Only certain states have some policies regulating Bitcoin and other digital currencies to an extent. In case BTC is not prohibited in your country, you are legally allowed to use it for different purposes, and gambling is no exception. There are also a few acclaimed licenses that virtual casinos can receive to ensure that Bitcoin gambling is completely legal. Among them are licenses issued by the Government of Curacao and the United Kingdom Gambling Commission. In case a digital casino of your choice owns one of these certifications, you are free to use BTC for gambling.
Best Bitcoin Gambling Sites
Check out some of the most popular Bitcoin casinos in 2022 with high odds of winning:
- FortuneJack – 6 Bitcoin and 250 free spins deposit bonus.
- Cloudbet – 100% match up to 5 Bitcoin plus 200 free spins deposit bonus.
- mBit Casino – match bonus up to 5 Bitcoin and 300 free spins deposit bonus.
- bit Starz – 100% match up to 5 Bitcoin plus 180 free spins deposit bonus.
- Nolimit Casino – exclusive bonus offer.
- Crypto Games – exclusive bonus offer.
- Fairspin – match bonus up to 5 Bitcoin plus 170 free spins deposit bonus.
- CryptThrills – 250% match bonus up to 5 Bitcoin plus 105 gratis spins on certain games.
- Trust Dice – 100% up to 1 Bitcoin and 25 free spins deposit bonus.
How to Gamble with Crypto
Players often feel hesitant to try gambling with crypto because they think it is difficult. In reality, the process is extremely simple, and it provides numerous benefits for gamblers. Here is how to start betting with BTC.
Open a Cryptocurrency Wallet
A crypto wallet is essential if you want to use Bitcoin and other virtual currencies. Cryptocurrency wallets work similarly to other digital payment services, such as PayPal. Choose one of the crypto wallets online, provide all the necessary information, and open your personal account. Here, you will be able to buy BTC and store it.
Buy Some Coins
You can buy Bitcoin based on its current price on the market. It is possible to use an international currency like dollars or euros or even your local currency. Other digital currencies like Ethereum and such can be also used to purchase BTC. Buy any amount you need to gamble with.
Pick a Site to Play with
When picking a virtual casino to gamble with Bitcoin, it is important to keep in mind certain criteria. The first and most important is the availability of crypto solutions because not every provider deals with digital currencies. You can search up a list of the best Bitcoin casinos currently and choose from there. The advantage of virtual casinos that focus on Bitcoin gamble is that they usually offer generous bonuses for BTC users.
Make Your Deposit and Pick the Game/Sports
After choosing a gambling platform, you should deposit some BTC on your account. Use the depositing solutions on the website to add Bitcoin to your balance. As soon as you have money on your account, you can choose any game from the library to gamble or any sport to place bets.
Types of Bitcoin Gambling Games/Sports Available
The selection of BTC gambling games is basically the same as the selection of titles on any other casino website. There are hundreds of Bitcoin slots as well as classic casino games like BTC Roulette, Fortune Wheels, Keno, Dice, Poker, Blackjack, Baccarat, Craps, etc.
How to Play Bitcoin Games
To start playing BTC games, you will only need to have Bitcoin on your balance on a gambling site. This allows picking any game and gambling with Bitcoin. The only difference from regular digital casino games is that you gamble with valuable BTC instead of dollars or another common currency.
What Are the Highest Paying Bitcoin Games
BTC progressive jackpot slots are some of the highest-paying titles. If you are lucky, it is possible to hit jackpot after jackpot and win actual millions. Bitcoin Dice are also quite profitable and popular among casino lovers because of their simplicity.
Sports to Bet on with Cryptocurrency
With crypto, you can bet on any sports available on betting websites. The list of such sports usually includes some of the all-time favorites, such as soccer, baseball, basketball, boxing, hockey, etc. Cybersports are also gaining recognition, and it is only fair to use crypto to bet on virtual sports.
Bitcoin Gambling Promotions and Bonuses
Bitcoin casinos offer a wide range of promotions for their players. You can usually expect to receive any other bonus available for regular currency users. However, using BTC often grants additional and more valuable promos.
Deposit Match Bonus
This is one of the most popular bonuses at crypto casinos. This promo is usually offered for newly registered players that are making their first deposits. Based on the amount of BTC deposited, you will receive a match bonus.
Bitcoin No Deposit Bonus
No deposit bonuses do not require making any deposits on your part. However, you will most likely need to complete certain wagers or use the bonus for specific games available on the site.
Free Spins or Free Bets
Bitcoin casino bonuses usually come alongside gratis spins or bets. You can use these spins to roll slots without paying money. But you can win real cash with these spins.
Promotional codes can be found online or received from a casino itself. Each bonus code contains specific promotions with their own terms and conditions. You can use promo codes to receive all kinds of bonuses. from gratis spins to free cash.
There are special VIP programs that you can join in many casinos. Such programs are usually open for most players, but they require regular gambling. By spending time on the site and betting with Bitcoin, you can benefit from the loyalty programs and unique bonuses available only for the programme members.
Deposit and Withdrawal Specifics
To manage your Bitcoins, it is crucial to have a Bitcoin wallet. While you can use your credit card or any online wallet to deposit and withdraw international currencies, a special crypto wallet is necessary for Bitcoin. As soon as you set up such a wallet, you will be able to make deposits and withdrawals freely.
Where to Buy Bitcoin for Depositing
You can purchase Bitcoin on virtual crypto exchanges or through sellers. If you can find a person that deals with BTC in your area, it is possible to pay them cash in exchange for crypto. Online exchanges, however, provide better security and convenience. They accept any international currency as well as a selection of other cryptos. With them, you can find the most suitable way of purchasing Bitcoin for you.
Bitcoin Wallet Options
There are numerous BTC wallets on the current market, and it can be difficult to select the most suitable one. The easiest way is to look up the best crypto wallets in 2022 and choose one based on its description and reliability. Generally, all crypto wallets can be divided into hot or cold:
- Hot crypto wallet – this is a regular choice as such wallets are connected to the web and run on all devices that can use the Internet. They include smartphones, desktop computers, tablets, etc. This Internet connection can result in lower security for your wallet. Always be sure to store your access keys safely.
- Cold crypto wallet – this is the safest solution for keeping your Bitcoin as cold wallets do not require an Internet connection. One of the possible cold wallets is a hardware wallet much like a USB drive for storing your access keys safely.
Withdrawal Limits and Fees
Bitcoin digital casinos might have certain withdrawal limitations and fees just like with other currencies. It is essential to verify that the casino you want to gamble at has reasonable policies regarding money withdrawals. Bitcoin transactions are usually swift, but they might require withdrawing a certain amount. The fees compared to the BTC value are usually affordable.
So, Why Use Cryptocurrency to Gamble?
One of the first advantages that come to mind with crypto gambling is the speed of transactions. This is important as regular money transactions can take days to be processed. Bitcoin trades are almost instant, and they come with affordable fees. The anonymity of BTC is also beneficial for gamblers. With Bitcoin, your personal information is much safer, and you do not breach any laws along the way. The field of cryptocurrency is quite unexplored and unregulated yet, which opens numerous possibilities for casino players.
Crypto gambling is very similar to regular virtual gambling. The main difference is that you have to use BTC or another cryptocurrency to deposit money, place bets, roll the dice, and so on. Bitcoin gambling usually involves higher stakes as this currency is very valuable. This also means bigger wins. If you are lucky enough, it is possible to win millions on progressive slots or even such a simple game as dice. Thanks to the ability to win huge cash and the simplicity of crypto transactions, more and more gamblers start using Bitcoin.
Is Crypto Gambling Legal?
Legislations regarding the use of Bitcoin and other cryptos are currently not particularly developed. The same goes for Bitcoin gambling. Paying for virtual casino services with Bitcoin is not exactly prohibited because there are no specific laws to do so. There are, however, some countries that strictly regulate gambling as a whole, which also concerns crypto users.
Can You Gamble With Bitcoin?
Yes, more and more online casinos start accepting cryptocurrencies every day. Bitcoin is the most popular crypto, which makes it the first choice for gambling sites. Most major gambling platforms already have depositing and withdrawal solutions that support Bitcoin.
What Is Bitcoin Online Gambling?
Gambling with Bitcoin means depositing a certain amount of this currency on your personal account on a gambling website and using it to pay for services. It is required to have money on your balance to gamble online, and Bitcoin, in this case, acts as any other currency, such as American dollars or euros.
How Do I Buy Bitcoins for Online Gambling?
The most common way of buying Bitcoins is going on crypto exchanges. These online exchanges require connecting your digital wallet for storing Bitcoin. This way, you will be able to buy BTC with your preferred currency like dollars, euros, pounds, etc. or other cryptos. As soon as you have Bitcoin in your wallet, you can start using it for betting.