Finding the best Bitcoin Casino can prove hard. What features do you even look at when choosing the right bitcoin casino online? Do you go after the one with the most attractive welcome bonus? Or should you keep evaluating their security and reliability?
We have been closely following both the established and the upcoming bitcoin casinos. And to help you make the right decision, we have come up with a list of what we consider the most reputable crypto casinos in 2019. This review covers every aspect of these casinos, particularly focusing on their unique features, security, and how they work. From those that accept US clients to others that offer no-deposit bonus to bitcoin casino free spins.
We will, however, start by addressing the legality of Bitcoin casino USA as well as the history of the bitcoin gaming industry.
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Are bitcoin casinos legal in the USA?
Interestingly, online gaming is outlawed in the United States, but this ban doesn’t extend to Bitcoin casino online. According to federal laws, any form of online money transaction for gambling is prohibited.
However, Bitcoin and other cryptocurrencies are not categorized as monetary products in the country but are considered digital assets. The digital currencies are considered instruments of storing value, and not instruments of value exchange. By exploiting this legal grey area, Bitcoins casino USA can thus be said to be technically legal.
Criteria used to rank the best Bitcoin casinos:
- Consumer experience
- Registration and regulation
- Compliance with provably fair gaming protocol
- Bonuses and promotions
- Minimum deposit required
- Number of games available
- Cash-out limits
- Accepted currencies and payment processing methods
Best Bitcoin Casinos for 2019:
What is the history of Bitcoin casinos?
Unlike the traditional casino industry that stretches centuries back, bitcoin casino has only been around for less than a decade. Initially, we only had regular poker companies that accepted Bitcoin payments. And given that Bitcoin was easily accessible through mining plus there was little you could do with the coins, bitcoin gaming became hugely popular. At one time, bitcoin gaming accounted for more than half of all the bitcoin transactions processed around the world. This encouraged more users to join as well as the creation of new and more innovative bitcoin gaming platforms.
The new casinos were inspired by the bitcoin blockchain technology that gave their security and credibility a significant boost. Today, more bitcoin casinos have erupted in different parts of the world. Some have their strengths in the number of games available on the platform. Others take pride in the level of innovation that went into their design and development. To date, the most innovative gaming technology that most bitcoin gaming platforms seem to have implemented is the provably fair gaming protocol. This serves to guarantee the fairness of play on the part of the bitcoin casino and its trading algorithm.
Choosing the Right BTC Casino
Thats it for our top ten list of the best bitcoin casinos available. And going through each of their product specifications, you will notice that they all offer similar services and bonuses. The only difference being the number of games available and bonus rates.
It, therefore, is imperative that you look beyond the bonus rates and games available and into the most important aspects of bitcoin casino online. Take into account such factors as the fairness of their algorithmic gaming towards the player. How fast are they able to process basic transactions like deposits or withdrawal requests? Equally important is the responsiveness of their customer support team.
Have you interacted with any of these bitcoin casinos before? We would like to hear about your experiences. Share it with us in the comment section below.
And don’t forget to bet responsibly.
What is a bitcoin casino?
TA bitcoin casino refers to an online gaming platform that supports bitcoin-funded wagers. Initially, bitcoin casinos would only accept bitcoins, but recent developments in the industry have seen most platforms embrace more popular altcoins like Ethereum and Litecoin.
I reside in the US can I join bitcoin casino online?
Yes, most bitcoin casino online don’t impose locational barriers on who can join their platform. They only have restrictions on the type of currency these members can use to wage bets. In virtually all Bitcoin casino online, US residents can only engage pure crypto transactions.
What is a provably fair gaming protocol?
Provably fair gaming protocol is blockchain technology embedded with the root of a casino gaming algorithm to guarantee the fairness of play. This ensures that the game developer doesn’t interfere with the game algorithms in their favor. It also makes it possible and easier for the player to check if the game was fair.
How much do I need to start bitcoin gaming?
There is no standard limit with regards to how much you need to register with a bitcoin casino. You will also notice that most platforms don’t even have a minimum initial deposit; they will only state the minimum deposit needed to qualify for the first deposit bonus. mBit, for instance, requires that you maintain a minimum deposit of 0.005 BTC to be eligible for the bitcoin casino free spins.
What do I need to register with an online bitcoin casino?
Most Bitcoin casino online takes pride in preserving the anonymity of their members. In most cases, therefore, you will only be required to provide your name and address – and possibly the phone number – for verification purposes. High volume traders – depositing or withdrawing – more than 2 BTC may, however, be subjected to additional Know-Your-Customer verification requirements like identity and physical address proof.
How much can I make in an online bitcoin casino?
There is no limit to how much you can earn with a bitcoin casino USA. Most of these online betting platforms, however, have restrictions on how much Bitcoin you can withdraw at once. BetChain, for instance, will only approve the withdrawal of a maximum 2 BTC or €10,000 per month.
How does a Bitcoin casino work?
Just like the traditional online gaming platforms, bitcoin casino US industry is run by sophisticated playing algorithms. They mainly focus on slot games where the algorithm assumes the role of a table dealer. And to guarantee transparency, most have started incorporating provably fair gaming protocol – that guarantees the fairness of play – into their systems.
Who regulates and licenses Bitcoin casino online?
Like the larger blockchain industry, the bitcoin casino online industry remains largely unregulated. The lack of clear legislative policies in major financial jurisdictions like the US or the UK has ensured that there aren’t bitcoin casinos registered or licensed here. The search for credibility has, however, seen most turn to the more crypto-friendly nations like Curacao, Malta, and Cyprus for registration and licensing.