Bitcoin Live Casino

Advantages at Bitcoin Live Casino Gambling

There are many advantages to betting with bitcoin over traditional payment methods. These include greater privacy, a fair approach, lower fees and quicker deposits.

Privacy

A key advantage of live casino bitcoin deposit is increased privacy. This is attributed to the intrinsic nature of cryptocurrency being untraceable. While some wallets do take some of your details down in registration, the amount of sensitive private information is greatly reduced compared to traditional payment methods. Using cryptocurrency as a deposit method keeps you safe if data breaches ever occur. While Bitcoin live casinos are generally secure, if Microsoft can be hacked, anyone can. This means your sensitive information will be protected using bitcoin.

Fair Play

Depending on the bitcoin live casino, bitcoin deposits may either allow you to directly bet with bitcoin, or will convert it to an equivalent online casino balance according to the current market price. Either way, both methods are fair as casinos would only employ the same one for both deposits and withdrawals. This would lead to a balanced approach despite the volatility of the bitcoin market.

Payment Processing

Near-instant payment processing is the biggest advantage of using bitcoin in live casinos online. Due to a key advantage of cryptocurrency being instantly traded, the only possibility of delay in payment processing would be the casino having to verify your deposit. However, with the increased popularity of bitcoin in live casinos as a payment method, verification systems are near-instant. This has led to many sites now offering instant deposit and withdrawal for bitcoin. Depositing with live casino bitcoin allows bets to be placed faster and ever. Bitcoin deposits are a major advantage for live betting, where every moment is key, and never miss prime betting opportunities.

Lower fees – All third-party payment methods have some fees involved, however, with blockchain technology, using cryptos like bitcoin has much lower transaction fees. This will directly translate to more money when you deposit crypto to Bitcoin live casinos instead of paying huge fees, sometimes upwards of 3%!

How do we rate Bitcoin Live Casino Sites?

There are four primary factors when looking to choose a bitcoin live casino site over regular online casinos; security, licensing, availability on mobile, and bonuses & promotions. Bitcoin live casinos have greatly superior security and availability on mobile. Licensing is also an important consideration, as only licensed casinos are reliable and secure to use. Bonuses and promotions are also important considerations as they allow users first to test out the site, and can greatly contribute to your overall winnings.

Security

Bitcoin live casino guarantees safety, as even if data breaches do occur, your money will always be safe due to the nature of cryptocurrency wallets and blockchain. Security is measured through the availability of mobile/email authentication, back-end security systems employed, and if the site has security certification.

Available on mobile apps

Online casinos with dedicated apps in the Google Play and App store are rated the highest as they are best optimized for mobile use. Those with mobile apps not on the app store are above average as, while still good to use on mobile, could use additional polishing. Online casinos without any apps are rated based on the functionality and interface of mobile browsers.

Licensing

While bitcoin and the use of cryptocurrency do provide anonymity and have a stereotype of hiding something, all bitcoin casinos from our list are fully licensed. Licensed Bitcoin live casinos online provide credibility and reliability in the event something goes wrong, giving users personal security. Bitcoin, while traceable, also provides anonymity for the recipient. Unfortunately, this means scammers and fake online casinos may enable bitcoin as a payment method and vanish with your crypto.

The licensing rating is measured on if the online casino is licensed and where the license has originated from. Betting websites licensed from countries with stricter licensing requirements like Canada or the United Kingdom are rated higher because they protect users.

Bonuses and Promotion

While online casinos often have bonuses that apply flatly to all deposit methods, there are select bitcoin online casinos that have special crypto deposit bonuses. The faster deposits using crypto also allow you to gain access to your bonus casino credits quicker!

This rating is measured through both the frequency, ratio and cap of bonuses and promotions offered.

Step by step: How to get started at a bitcoin live casino

While getting started in bitcoin live casinos does have an extra step by purchasing the crypto, the benefits of using bitcoin fair outweigh the small effort required. Our step-by-step guide will show you everything you need to know about bitcoin live casinos.

Step 1

How to get bitcoins

The easiest and safest way to get bitcoins is through trusted third-party exchanges. Purchases from these third parties have very low commissions and are based on current market prices. Loading up on cryptocurrencies like Bitcoin is also a great investment considering the past trend of its value going up. While purchasing an entire Bitcoin is unreachable for most, given the price approaches 100,000 CAD, you can absolutely buy a portion of a coin.

Step 2

Find your casino

There are many factors when choosing a bitcoin online casino. These include security, licensing, availability on mobile apps, and bonus offers. Many online casinos are increasingly accepting cryptocurrencies as payment methods. However, it is important to ensure these online casinos offer bitcoin as both a deposit and withdrawal method in order to maintain all the advantages of