Best Bitcoin and Altcoin Casinos-- Last Updated: --
Casinos and betting sites that exclusively reward winnings in Bitcoin and other Cryptocurrencies are increasing in number. This is due to the fact that Bitcoin and Altcoin gambling has undoubted advantages for players, including transparency in games thanks to Provably Fair, being able to remain anonymous and the speed of cryptocurrency payments and withdrawals. Although there are some Bitcoin casinos, most of the gambling and betting sites with cryptocurrencies are in English, but still very intuitive.
Here are the best casinos and betting sites that do NOT provide winnings in traditional money, but in Bitcoin and virtual currencies.
| Gambling website | Cryptos | Bonus | Features | Play |
|---|---|---|---|---|
 1xBit |
              |
|
|
win cryptocurrencies |
 Rock N Rolla Casino |
|
|
|
win cryptocurrencies |
 321 Crypto Casino |
|
|
|
win cryptocurrencies |
 Games Bitcoin |
|
|
|
win bitcoin |
 Pasino |
 |
|
|
win cryptocurrencies |
 Fairlay |
|
|
|
win bitcoin |
 BitcoinCasino US |
|
|
|
win bitcoin |
 Anonymous Casino |
|
|
|
win cryptocurrencies |
How to Play Bitcoin Casino
Casinos and betting sites that pay winnings in cryptocurrencies work more or less like normal online gambling platforms, but, due to their typical feature of being anonymous, compared to the latter they show many differences, which represent sometimes limitations, sometimes, advantages for the player.
How to Join Cryptocurrency Casinos
Gambling sites that accept Bitcoin and other cryptocurrencies are characterized first of all by the possibility of offering an anonymous registration: this means that, since there is no need to provide credit cards and bank accounts, registration can be done simply by entering your username, password and email.
Strictly speaking, anonymous casinos do not even require registration, but create an account automatically as soon as the user lands on the site and provide him with a secure private key, often stored as a unique link, to access it.
How to Deposit Cryptocurrencies in Online Casinos
Once logged in or, in any case, obtained their account, the player, in order to start betting, needs to make a deposit of BTC or Altcoin to their game account. To the latter, the Casino typically attaches a wallet address to which you need to transfer the coins, created specifically for this operation.
There is often a minimum deposit which, even if it occurs in Altcoin, must still be equivalent to a specific default sum in mBit, i.e. millibitcoin.
Games in Bitcoin and Altcoin Casinos
The variety and quality of games and bet combinations found on crypto-supporting gambling sites are typically the same as traditional online casinos: you can therefore play many types of Slot machines, Roulette or Videopokers without any problems.
In addition, some bitcoin casinos, including 1xBit, feature a Live section, in which you can try your hand at live croupier gambling, but betting virtual coins. In the same platform, then, you can also find a bookmaker section dedicated to sports betting, where you have the opportunity to bet directly with BTC, LTC or ETH on all football, basketball, baseball and any other competitive event at international level.
Some crypto casinos, on the other hand, present a fairly limited offer of games and sometimes only one game: this is explained by the fact that these sites, operating anonymously, can hardly officially count the games of famous suppliers such as Netent, Microgaming or PlayTech. To overcome this problem, therefore, anonymous casinos greatly reduce their assortment, leading the user to choose them only after ascertaining the presence of their favorite games.
Withdrawal of winnings in cryptocurrency casinos
Making the withdrow from Bitcoin Casinos is very simple: just go to the withdrawals section, indicate the wallet address where you want to receive the cryptocurrencies won and confirm the request.
Typically, beyond achieving wagering requirements, the crypto gambling site provides a minimum sum expressed in mBit to grant withdraw. If the request is successful, btcs are transferred from the game account almost instantaneously.
The bonuses of Bitcoin and Altcoin Casinos
Cryptocurrency casino bonuses are structured essentially like those with FIAT money. In general, therefore, as a welcome, a percentage is given on the first deposit made by the newly enrolled player, which is often given additional incentives for subsequent deposits. As in traditional casinos, anonymous ones with virtual coins also require a playthrough, which is a minimum number of times the bonus must be played in order to be collected. To give an example, Rock N Rolla Casino, which offers 100% of the deposited, provides a playthrough of 35x: this means that the player will have to develop a betting volume (called wagering) equal to 40 BTC in order to collect the given coins. In addition to the welcome bonuses, some sites also give free spins, i.e. free spins to one or more slot machines: these are especially useful for inexperienced players to try games and still represent an immediate gratification, especially if it is allowed to withdraw as much as possible among the one won like this.
Another typical promotional tool that Bitcoin Casinos share with traditional ones is the VIP Program for their players: it consists of a points mechanism through which the more you play and the more advantages in terms of promotions and exclusives you have.
A very frequent thing, however, is the fact that cryptocurrency casinos do not offer any bonuses, neither initial nor subsequent, focusing everything on the quality of their games and transparency in the verification of the operating algorithm: the advantage for the Bitcoin Casino player without bonus is to be able to withdraw at any time and without any constraint the sums won, without having to submit to any wagering requirements.
The pros and cons of Bitcoin Gambling
Playing in online casinos that accept cryptocurrencies or betting at bookmakers who pay in BTC has advantages and disadvantages: the gambler must always be informed about the actual benefits in choosing one platform rather than another, as well as weighing pros and cons.
The disadvantages of Bitcoin and Altcoin Casinos
Often gambling sites that use cryptocurrencies are also anonymous, so they can hardly get a license from a reputable authority, such as Gaming Curacao or Antillephone: this means that there is often no regulator to verify the correct treatment of players and protection them from attempts at fraud.
This does not necessarily mean that an anonymous Casino behaves dishonestly, but it is always necessary for the user to be careful in choosing where to play and follow lists and advice such as those on this site.
Is it legal to play Bitcoin Casinos? Given the absence of a regulation concerning cryptocurrencies and, therefore, of their specific legal definition, it does not appear illegal to use them for gambling. The online casinos listed here, in fact, do not provide cash winnings in the strict sense of the term, precisely because Bitcoin and all the other Altcoins are not defined by any Italian law as official currency, that is, as "money", but as a simple virtual currency used to have fun (for fun).
The benefits of Gambling with Cryptocurrencies
Since the online casinos listed here provide for winnings in virtual coins and not in official money, they have a much lower impact on the possible pathological degeneration of gambling, as the playful aspect remains prominent and does not involve actual capital damage inherent in traditional FIAT currencies.
Another positive aspect related to cryptocurrency winnings is that these cannot be taxed, neither at source during games nor at the time of withdrawal, unlike in traditional AAMS casinos. As long as, therefore, the sums won by playing casinos remain in cryptocurrencies, it is not necessary to declare them among the tax income.
Among the advantages of cryptogambling there are certainly two technical data, namely the speed in transactions thanks to the Blockchain and the protection of the player's privacy, since personal data or tax codes or credit card numbers are never required to the user: this is specifically related to the nature of the virtual coins and their transfer methods.
One last and perhaps most important advantage related to the ability to play and bet on Bitcoin online casino sites is transparency and impartiality. While it is clear that often these sites, as anonymous, do not have a license from a third party certifying their regularity, it is also true that all are marked with the Provably Fair. The latter is a technical solution that allows the player to verify first hand and mathematically the reliability of the random number generator (RNG) at the base of the operation of the games: the user of online Casino Bitcoin no longer has to delegate and rely on third parties to evaluate the reliability of the platform. Similar to Blockchain, the Provably Fair system uses a cryptographic hash that contains the result generated before bets are placed; this hash is sent after the end of the game turn to the player, who can thus verify the randomness of the final result. In addition, Bitcoin casinos transparently publish the source codes of provably fair games, allowing users to properly analyse how exactly the games work and how the results are generated.