Bitcoin Live Casino Review
So you want to keep yourself up to date with all that’s happening in the iGaming industry? No worry because we have your back here. Through thorough research on all the important developments in the industry, we leave no stone unturned, and that’s the reason why we have this Bitcoin Live Casino guide prepared for you!
Read on to discover everything that you need to know about playing live casino games using this new and innovative way of making deposits at online casinos.
What to Look for in a Bitcoin Live Casino?
It should be regulated and licensed. There are more than 5 reputable licensing and regulating bodies in the online gambling industry including reputable and respectable names such as the Malta Gaming Authority, The UK Gambling Commission and Government of Curacao. These bodies are there to oversee and ensure that the casinos fully comply with the set rules, which are aimed at protecting the player from rogue casinos.
As a player, it’s your responsibility to ensure that the site has at least one or multiple licenses from these bodies.
In addition to the licenses, the site must also pass the regular audits carried out by independent third-party bodies such as eCOGRA and Curacao. The audits ensure that all the games and other offered services meet the industry standards and that you are being offered with fair games.
You can easily check at the bottom of the casino’s page to see if it has a seal from any of the bodies mentioned above. It’s also this same section where you’ll see all the licensing information for the casino.
The number of payment options offered at the site also speak a lot about it. In addition to having Bitcoin as a method of payment, those sites that have other payment options should ensure that they’ve collaborated with some of the key players in the industry. This is important to you as a player because it enables you to deposit and withdraw your winnings through a method that’s convenient for you!
What is the reputation of this site at the different Bitcoin live casino review websites? What are other players saying about it? Do they have any negative history such as failing to pay out winnings to a player before?
These are just some of the things that you should look for when conducting thorough research for the intended site at some of the Bitcoin live casino review websites.
How to Play at a Bitcoin Live Casino
If you are giving in to the fear of not playing at a Bitcoin Live Casino, you are missing out on the fun that can only be achieved by playing using BTC. This is one of the few times that you have to grab your fears by the horns, create an account at any one of our recommended BTC casinos, make your first deposit and start enjoying some of the live Bitcoin Live Casino games.
Now it’s understandable that most of you want to play but are afraid to sign up at the BTC casinos because they aren’t sure how to make deposits and withdrawals using this payment method. To kick-start your gaming experience, this Bitcoin live casino review quickly takes you the steps of depositing and withdrawing from a BTC casino.
Step 1: Choose A BTC wallet – If you must play using BTC as a payment method, a wallet is a must-have thing. It’s what holds or stores your coins. You’ll be moving your cash into and out of the wallet to the casino that supports BTC as a payment option
Step 2: Buy your Bitcoin – There are different places where you can buy the coins from, but the most popular ones are the cryptocurrency exchanges such as Bitstamp, Bitfinex, Coin Base among many others. Just ensure you choose a reputable site to ensure the security of your coins. You can also choose to buy the coins from brokers/third parties or from cryptocurrency ATMs
Step 3: Depositing Into Your Account – This is usually the most tricky and confusing part for most players. To complete a deposit, follow the steps below:
Log into your account and click on the banking option.
Under the banking page, choose Bitcoin as your preferred payment method.
Log into your wallet and copy your account address(link).
Paste it into your casino account.
Enter the amount you wish to deposit and click on the deposit button to complete the transaction.
Withdrawing Using Bitcoin
Withdrawing is as easy as it is to deposit. As a matter of fact, it’s much simpler because it involves only three steps as follows:
Choose BTC as your preferred method to withdraw your cash.
Enter your wallet's address in the field provided and enter the amount of money you’d like to withdraw.
Click on withdraw to complete the transaction.
Bitcoin Live Casino Websites – The Future of Online Gambling?
For online gambling and betting, BTC offers one real advantage; it’s independent and unregulated by any financial institution or government. As more and more rules and regulations are being set up to control the online casino industry, it appears to most operators that the best way to bypass all these restrictions is to use BTC. Add to the fact that BTC transactions are very cheap when compared to the other traditional payment methods and you’ll just see why most gambling websites are preferring to include Bitcoin live casino games in their portfolio.
But it’s not only the operators that find BTC services attractive. Bettors who aren’t comfortable with sharing their financial information at the online casinos will also get to enjoy the anonymity that comes with Bitcoin. This method of payment has enabled players in regions or jurisdictions where gambling and betting have been banned to safely and securely make deposits into their casino accounts and access all the services offered without any hassle.
The other reason why we believe that Bitcoin Live Casino Websites are the future is the speed at which the transactions are conducted. Within less than 12 hours, you’ll have your withdrawal request paid out. This means you can bet, win some money, withdraw it and use it to spoil your fiancé or friends on a night out. Furthermore, all the BTC transactions have very low fees imposed on them.
Bitcoin Live Casino FAQs
Is Bitcoin safe to use online?
Yes, Bitcoin is very safe to use at any online casino. In fact, when compared to other forms of payment, it’s the safest of them all because it uses the state of the art blockchain technology to ensure that all transactions are anonymous and very secure.
Can I deposit €100 using Bitcoin?
You can even deposit €10 using Bitcoin at any BTC casino. There are different units for depositing Bitcoin – the BTC means a whole Bitcoin; uBTC stands for a micro Bitcoin, which is equivalent to 0.000001BTC and mBTC, which stands for a milli-bitcoin and is equivalent to 0.001BTC.
How fast can I receive my winnings after making a request through BTC?
Usually, BTC payments are normally processed within 2-5 hours after making the withdrawal request. This, when compared to the traditional payment methods, is very fast considering that they take up to 12 – 72 hours to process your payments.
With super-fast transactions that come with very low fees and almost complete anonymity, it’s very easy to see why the Bitcoin Live Casino is going to cater to an industry that the traditional operators simply can’t offer.