Top 10 Bitcoin Live Casinos

Bitcoin is an innovative digital currency without an administrator or central backing which allows peer-to-peer transfers within the bitcoin network.
The secure and anonymous nature of bitcoin transactions has made them increasingly popular among casino players. As a result, casinos have been quick to add bitcoins as part of their payment and withdrawal options.

Cryptocurrency is undoubtedly becoming more acceptable, and many online live casinos are happy to accept it for deposits and withdrawals. The most well-known cryptocurrency is Bitcoin, which is particularly used by gaming enthusiasts who wish to preserve their anonymity. Safe, secure transactions are assured with the use of Bitcoin. Below is a complete list of the best casinos accepting Bitcoin that will make it a safe and easy process for gamblers.

Why Use Bitcoin

Bitcoin is a payment provider option, that is being embraced by an ever-increasing number of online gaming websites. Some are tied to a particular wallet service, whereas others work with multiple wallets. As the value of Bitcoin fluctuates, your winnings can also change, while the payout is in progress.

Widely accepted

Bitcoin is very likely the best-known cryptocurrency globally. It is something of a pioneer innovation that introduced cryptocurrencies to the general public. It is widely accepted by a plethora of live casinos globally; it is so popular, in fact, that even some innovative bricks-and-mortar casinos are starting to take it as a payment method.

Highly secure

Thanks to blockchain technology, Bitcoin payments eliminate most of the hurdles associated with traditional online transaction methods. First, BTC is highly secure and virtually impossible to infringe.

Those who know how to pay with Bitcoin enjoy high levels of privacy and protection from online hackers. Another plus for live casino players is the fast transaction times, hence no delays in placing bets or withdrawing winnings.

Ease of use

Typical live casinos usually ask for confidential information from customers when processing payments, such as credit details, bank account numbers, and email addresses. Fortunately, gambling on a bitcoin casino only requires submitting a BTC address to deposit or withdraw funds.

Privacy

Many gamblers are keen on protecting their privacy as they don’t want people or organizations to know about their lifestyle. Through Bitcoin payments, no one can trace their identity since their transactions are encrypted with a dual key system. It is no wonder many online casinos provide incentives for Bitcoin users to encourage this method.

Before playing in a Bitcoin live dealer casino, bettors need a BTC wallet (a safe place for storing Bitcoin). Wallets are available on sites such as bitcoin.org and are classified into hardware (cold storage), desktop and mobile (software), and paper wallets.

Software wallets or hot wallets require downloading of an application for mobile and desktop use. They are easy to use and accessible from any device. The user needs a private key that is stored in another server.

As with cold wallets, a USB-like device generates the private and public keys during a transaction. Paper wallets come with printed private and public keys and are 100% offline.

The easiest way to acquire BTC is through an exchange like Coinbase. Other ways to obtain BTC include receiving it as a gift or accepting BTC as payment for commodities.

Anyone who wants to transfer BTC to their bank can do so, not directly, though. First, they have to withdraw from BTC wallet, send it to a digital marketplace where people trade cryptos, and sell it to obtain fiat money. The process can be summarized as follows:

• Move bitcoins from cold storage to a BTC exchange
• Sell BTC for a preferred currency
• Withdraw the money to a bank account

How to Make a Direct Deposit with Bitcoin

Players who understand how to pay with Bitcoin often find themselves browsing through a plethora of casinos accepting cryptocurrencies. It is crucial to choose a trustworthy site, one that is verified. Registration is free and quick. Placing bets requires a deposit, which can be done in the steps outlined below.

1. Go to the cashier section and select Bitcoin as the deposit method
2. Pick a welcome bonus before depositing (Some bitcoin live casino sites provide special deposit bonuses for BTC users)
3. Follow the prompts, including the transfer amount, and provide personal information for verification
4. Wait for blockchain to confirm the transaction (it’s a matter of minutes)
5. Redeem the coupon, if any, for a welcome bonus

There is no daily or monthly limit on how much to add to an account for most Bitcoin casinos. Every time the player adds BTC to their bankroll, a new Bitcoin address is generated automatically.

Using the same address for subsequent transactions can cause a delay and may attract a management fee. Depending on the casino, each deposit comes with a reload bonus calculated at a certain percentage.

After crediting a Bitcoin casino account, the balance will reflect on the ‘My Account’ tab. The player can start placing real-money bets when they’re ready.

Some casinos opt to offer bonuses to ensure that players deposit with BTC; this is good news. But bonuses in live casinos come with terms and conditions, which may vary from time to time. As such, players have a responsibility to read them to avoid any surprises along the way. Here are some top bonuses for BTC.

• Welcome bonus - one of the most popular bonuses at both crypto and traditional currency casinos. Usually, it takes the shape of matches on the first deposit e.g. 100% up to a certain amount.
• Reload bonus - this bonus resembles the welcome bonus but targets existing players rather than new players. However, reload bonuses can be part of a welcome bonus in some cases. In this bonus, players receive a certain percentage when they reload their casino accounts.
• Cashback bonus - in which a casino gives players a percentage of their net losses. This ensures players never fully outspend their budgets.
• VIP bonus - which typically targets high rollers and may include tickets to events, higher cashback rates, better bonuses, etc.

Most bettors are afraid of using credit cards and direct wire transfers with online gaming websites. The best way to transact anonymously is through cryptocurrency.

This form of privacy extends to all kinds of online shopping. Rather than sending confidential information to different casino sites, players only need to use it for BTC wallet, and they’re protected anywhere on the internet. This is probably the most significant benefit in an era where digital crime knows no limits.

Bitcoin wallets are incredibly secure, especially paper wallets, as they are off the grid. No one can steal the information provided the hardcopy is kept safe. Online wallets are also safe, but users must never leave their private or public keys hanging around.

In the decentralized network of Bitcoin, no single organization or individual controls the system. Bitcoin software combines the public and private keys with the amount to transfer during a transaction, and the result is sent to other users to verify.

Though such transactions are traceable and visible on a public ledger, no personal data is attached to that information. The transaction code for sending BTC is only shared between the involved parties, i.e., the sender and receiver. No middle man is involved. This helps to clarify the payment and prevents fraud.

Following the footsteps of Bitcoin, Dogecoin is also another cryptocurrency that can be used for live casinos. This currency may not be as popular, but there are a few casinos that are opening up in accepting this payment method.