Bitcoin Gambling 101

Are you new to Bitcoin? Have you ever wondered if you can use Bitcoin to gamble? As it turns, the answer is simple.

Yes.

Bitcoin gambling is not just viable – its popularity is growing all the time. Bitcoin gambling sites are opening doors every day, and this is great news for gamblers. Online casinos that support BTC as a viable payment method are usually more tech-friendly and offer a few perks that others do not.

Regardless of how new or experienced you are with gambling sites that accept Bitcoin, there is always something new to learn. Our Bitcoin gambling guide will walk you through what online gambling options there are and how to make the most out of any opportunity.

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How to Gamble With Bitcoin

Bitcoin gambling is simple to get into. You need to own some Bitcoin and find a website that accepts the currency as a viable payment option. A few years ago, there used to be only a handful of gambling sites that do.

Today, things have changed a lot. Suppliers create casino games that feature Bitcoin as an available currency and make the integration process much easier.

Some casinos will even have a dedicated “BTC Games” section where all games support the digital currency directly, not as some form of conversion.

Of course, Bitcoin gambling doesn’t just boil down to online casinos. Many other websites support gambling products, whether this is sports betting or even poker.

Some of the most popular Bitcoin gambling sites have to do with “crash style” games, dice, or other unique products. Once you have a website you can trust, you can follow through.

#1 Sign Up and Open an Account

Once you have a Bitcoin casino or gambling site you enjoy, it’s time to register your account. The process should be quick enough.

There are generally two types of gambling websites. One is a traditional casino that is using Bitcoin as a viable payment method. The other type allows you to play anonymously and only use your BTC wallet address to deposit directly.

Here, the difference is that the first usually requires a standard KYC verification process whereas the anonymous ones do not.

#2 Pick the Games or Products You Enjoy

Since Bitcoin is not limited to one type of online gambling, you can choose from casino games, sportsbooks, and even poker rooms.

Players will navigate the full portfolio of products at most gambling sites and stick with the gaming and betting options they find the most entertaining.

#3 Cash Out Your Winnings

Once you have completed a session, you can choose to use Bitcoin as a payment method to withdraw your winnings. Using Bitcoin, you can instantly withdraw your money around the world without additional charges or delays.

Bitcoin Gambling Sites – How to Pick One

Finding the right site for you should be a priority. Yet, finding one that is a good fit and allows you to use cryptocurrency is another matter altogether.

Bitcoin gambling websites in the USA are quite popular, and in fact, some of the biggest ones are already reporting $150 million of deposits and withdrawals taking place in Bitcoin every month.

Gambling sites, though, can come in many shapes and forms. You have sports, casinos, poker, and even esports, and all four verticals are almost equally popular in online gaming.

Players are free to pick any brand and website they want to play at, but you can follow some general recommendations in choosing a good fit for yourself.

Choosing a Reliable Bitcoin Gambling Site

The first thing to do is choose a gambling site that has a proven track record. There are many blockchain casinos, sportsbooks, and card rooms these days, and you can find the right one for you.

What you should be looking for first, though, is choosing a website with the right reputation. Some gambling sites tend to be slightly more reliable than others, and that is all very natural.

You should stick with those accredited and reputed gaming options that take good care of their customers. Below are a few more things you should also pay close attention to.

1. Quick and Easy Transactions

Bitcoin is a huge plus to your gaming experience already, as each payment you make will be expedited. Yet, you should always check in with each individual website if there are any terms and conditions that are specific to the transactions on the website.

Sometimes, there are pending periods. Remember, not all Bitcoin casinos or sportsbooks offer an anonymous experience, and you may still have to comply with KYC and AML checks, which many players misinterpret as websites trying to “cheat.”

2. Variety of Products

Whether it’s a Bitcoin casino or a sportsbook, you will want to know that you are not restricted in your choice of markets and gaming products. Players who want to bet on all the mainstream sports betting events will have the opportunity to do so by picking the right Bitcoin sportsbook.

If you are looking for a proper variety of casino games, there are many casino sites already out there that can provide you with thousands of possible choices. Not least, there are the poker games and card rooms played by hundreds of people who prefer cryptocurrency as a reliable banking method.

3. Responsible Gambling

It’s easy to see Bitcoin as a bit of an outlier when it comes to specific industry rules. Yet, the best gambling sites will always come with responsible gambling policies in place. Commitment to the well-being of players is one of the hallmarks of a great cryptocurrency gambling site.

4. Reliable Customer Support

Cryptocurrency can be a new experience for many players. Therefore, choosing a casino that will put extra effort into its customer support is always good. The support ought to be knowledgeable about cryptocurrencies and Bitcoin banking in general and help you sort out any question that you may have on your mind.

Is Gambling with Bitcoin Legal?

Yes. Bitcoin gambling is different from any other form of online gaming, betting, or poker. In other words, there may be restrictions towards license holders, but you can usually place a bet in Bitcoin so long as a platform operates in your jurisdiction.

There are no cases where players will be sanctioned for carrying out transactions in Bitcoin in order to play at an online casino, bet on a sports team or play a game of Texas Hold’em. In fact, you are free to do so at your discretion.

The only real drawback to gambling with Bitcoin is that if you are doing so at an unlicensed website, you cannot expect regulators to intervene on your behalf if something goes sideways. That is why the choice of sites is crucial to ensuring a great blockchain and Bitcoin gambling experience.

Pros and Cons of Using Bitcoin to Gamble

Using Bitcoin to gamble is one of the big new trends in the industry. Gamblers are happy to use cryptocurrencies in general, and Bitcoin has a reputation and a rate of adoption that makes it immediately accessible to everyone worldwide.

With this in mind, there are still a few things you ought to know about Bitcoin gambling. Specifically, there are advantages and disadvantages to this cryptocurrency. Let’s start with the things that we think will help boost your overall gambling experience first.

Bitcoin Gambling Pros

Bitcoin gambling offers some distinct advantages to tech-savvy players and bettors who are keen on improving their overall experience. The key factor here is accessibility and speed of transactions.

Unlike other payment methods that depend on a bank or another third-party to process, Bitcoin is based on blockchain technology which makes it decentralized, transparent and reliable. Transactions are carried instantly anywhere globally, and you can be certain that your transaction will be completed instantly.

Transactions are deemed anonymous, and you will only ever submit a Bitcoin wallet address. Anonymity is, of course, a great part of the experience allowing you to enjoy your gambling a little better. Not least, there are no additional fees to carry out a transaction that would otherwise take several business days.

All of this put together makes BTC one of the most trusted currencies that you can use to move your funds in a secure and value-added way. Another thing to consider is that even though cryptocurrencies are often touted as too complicated, they aren’t. Of course, there are a few drawbacks as well.

Bitcoin Gambling Cons

While Bitcoin has some excellent qualities, there are a few things that you ought to look out for. First, signing up for the right wallet and knowing how to store your Bitcoin is important knowledge.

Cryptocurrency exchanges are usually the quickest way to buy Bitcoin, but storing may be done best outside any exchange whatsoever. Storage method aside, there is the volatility of the cryptocurrency to consider.

Bitcoin has been on a joy ride, starting from sub-$20,000 in late 2020 to over $64,000 in early 2021. The currency has lost value since, but it just goes to show that spending your Bitcoins on gambling should also be aligned with what price fluctuations are taking place.

Not least, there is the subject of “anonymity.” While blockchain may create an anonymous ecosystem for carrying out various transactions, gambling sites do not.

Many sites are obligated to run KYC and AML checks. While your transactions cannot be tracked on the blockchain more or less, they can be tracked and associated with your name through the information obtained by the casino.

Types of Bitcoin Gambling

As mentioned on several occasions so far, there are several types of gambling options you can explore. Sports betting, online casinos, and card rooms are all part of the experience. Which you choose is a matter of what you like best. Many casinos have sportsbooks and vice versa, but poker is usually a stand-alone product in most cases. We have featured them all in our Bitcoin gambling guide.

Bitcoin Casinos

Bitcoin casinos are some of the most popular forms of entertainment. At first, they worked in a slightly different way. Most casinos converted your real money into BTC and then allowed you to bet. Or, you would still see the FIAT currency while playing but have your bankroll updated in Bitcoin. It was all a little messy, to be honest.

Today, many software developers are adding cryptocurrency as a supported betting unit. As a result, casinos offer BTC games directly. The transition between FIAT and Bitcoin is much simpler and smoother, and you can always play in mBTC or a millibitcoin which allows you to manage your money much better.

Bitcoin casinos are the leading entertainment websites when it comes to online gambling. You will find many great games by some of the best suppliers, and be happy to try your luck on those. Some excellent brands here include Bitcasino.io, BitStarz, and 1xBit, to name a few.

Bitcoin Sportsbooks

Just like with regular casino sites, there has been a growing demand for Bitcoin and cryptocurrency sportsbooks. As a result, Bitcoin sport is a part of the blockchain gaming ecosystem and a welcomed one.

Sports betting sites that accept Bitcoin are not just increasing. They are slowly becoming the norm. There are some excellent examples already, such as Cloudbet and Sportsbet.io, with these brands holding licenses and supporting sports teams around the world as part of their global marketing push.

Bitcoin betting is no different than traditional sportsbooks. You will have markets and select from the same main archetypes of wagers, whether a moneyline, point spread, or total. The only difference is that your deposits and withdrawals will be displayed in mBTC and BTC.

With established BTC sportsbooks already out there, you have plenty of viable options to bet on. All BTC-friendly sportsbooks make sure that you have a great variety of betting markets and events to bet on.

Bitcoin Poker Rooms

If you are looking to play Texas Hold’em or Omaha Hi-Lo, you can turn to a Bitcoin poker room for that. There are several options out there at the very least that are designed as fully operational Bitcoin card rooms where you deposit and withdraw in the cryptocurrency directly.

Nothing about the pace of the gameplay will change, and with sufficient traffic of players to keep games running, a poker site that accepts Bitcoins is a very handy option. Crypto card rooms are equipped with everything you expect them to, from cash games to Sit & Go’s to weekly and weekend tournaments.

BTC Bonuses for Sports, Poker, and Casino

Bonuses work in much the same way for any type of cryptocurrency gambling site as they do for regular gambling options. In fact, many sites now allocated their bonuses directly in Bitcoins, and you will see some very tempting offers, such as a 100% welcome bonus of up to 5 BTC.

The bonus conditions will operate in pretty much the same way. The terms and conditions will tell you what amounts are available and how you can claim them. The playthrough requirements and deadlines will also be noted down in the T&Cs.

Whether you are betting, playing poker, or enjoying casino gaming, your crypto bonuses will be easy to release and simple to play through. As is usually the case, not all bonuses will offer the same added value, so it’s always best to pick one that is tailored to provide you with the gameplay conditions that will make it easier for you to benefit from the said bonus.

Apart from standard deposit bonuses, Bitcoin will offer a lot more. There are free bets and free spins, as well as various no deposit incentives. Players will be able to increase their funds by joining a casino, card room, or sportsbook and benefit from the VIP and loyalty programs that will further boost your gaming experience.

Crypto Games and Products

When you hear cryptocurrencies, you shouldn’t worry that the products or games will be much different than what you are used to with traditional online casinos, for example. You can expect to play all popular casino games with Bitcoins anyway.

You will have slots, video poker, live casino products, bingo, scratch cards, roulette, blackjack, baccarat, keno, craps, and many other titles to experience as you go along. You will find that the games are quite entertaining and worthwhile and treat them like regular casino games.

The only difference here is that you will be betting not so much real money as mBTC or any other cryptocurrency. If you are truly into unique Bitcoin games, there are some options to explore, for sure!

Bitcoin Crash, Rocket and Dice

Bitcoin gaming is a lot of fun, and there is no doubt about that. But, you can’t expect to find just the “regular” types of casino, sports and poker products. In fact, many successful cryptocurrency and Bitcoin gaming sites out there run different types of products. Those are the Crash, Rocket, and Dice types of games that are uniquely designed to fit the Bitcoin gaming experience.

So, over time, Bitcoin has spawned a few gaming options of its own. Crash-style gaming is probably the one that true Bitcoin stakeholders associate the most with blockchain gambling. This type of game is actually pretty simple. You make a wager, and then the game starts.

A projectile of sorts starts soaring upwards with an inherent chance to crash at any moment, including at the very beginning. You have the option to “bail” at any point, and if you do before the projectile crashes, then you get a win equal to your bet plus the multiplier.

Bitcoin Rocket is simply a more stylized version of the crypto game where the projectile is replaced by a rocket to add a bit of realism to the gameplay.

Last but not least, there is Dice. The dice game is interesting as it allows you even more control over the gameplay. You can set the probability and choose what numbers to bet on – under 50 or over 50. You can even reduce the dice too much lower or higher numbers to boost your chances of success or reduce them in exchange for a much better multiplier.

Cryptocurrency games are different than traditional gambling products, but that is what makes them fun all the same. There are other games, too, and they offer a slightly more unique experience.

Bitcoin Gambling Apps

Of course, you will probably want to know if you can gamble using a Bitcoin app. The truth is that it solely depends on each website. Whether it is a casino or a poker site, there is always the possibility that you would run into Android and iOS apps. Now, most companies in the FIAT online gambling will usually offer gambling apps.

With Bitcoin, it gets a little different. Most of the main websites we trust, for example, do not offer an app. Bitcasino.io doesn’t have one, nor does its sister site, Sportsbet.io. The apps are more or less additional software, and some brands in Bitcoin gambling prefer to keep things simpler.

After all, you already have your Bitcoin wallet as an app, so why add to that?

Some traditional gambling websites that accept Bitcoin will offer apps, and you can still use them to gamble this way.

Final Words on Bitcoin Gambling

Online gambling is changing a lot. The entertainment value that players expect is much higher than at any point in the past. Technology has allowed us to carry out swift deposits and withdrawals, and Bitcoin is at the forefront of this trend.

As a result, more players are turning to Bitcoin, if not as the only option, then at least as a consideration towards improving the overall online gambling experience. Our Bitcoin gambling guide aims to provide you with a quick and reliable account of everything you should know about this process.

Owning Bitcoin and using it at casinos is not a bad idea at all. You will stand a chance to multiply your Bitcoin holdings, and even though there is a risk of losing BTC or the currency depreciating, that is all part of the entertainment factor gambling websites bring in.

There are clear benefits to opting for Bitcoin gambling as it will allow you to manage your money quickly, cash out any winnings rapidly, and generally have a great time knowing that you are playing with a trusted payment method.

FAQ

Is Bitcoin gambling safe?

Yes. Bitcoin gambling is safe. However, you still need to pick the right online casinos and gambling sites. Make sure to pick a secure and reputable brand.

Can I gamble with Bitcoin? 

Yes. You can gamble with Bitcoin. In fact, many casino and poker players and sports bettors prefer Bitcoin as the go-to currency when looking to place a wager.

What is the best Bitcoin gambling website?

None. You will be the ultimate judge of what gambling website is best. Generally speaking, you want to pick a trusted brand that offers a good and strong variety of options.

Should I try other cryptocurrencies besides Bitcoin for gambling?

Yes. There are many cryptocurrencies out there you could try. Bitcoin is definitely a great option, but so are Dogecoin, Litecoin, Ethereum, and others.