Cody McGrath The world of online gambling continues to grow. People everywhere are interested in playing casinos on the internet and sites like Poker, Blackjack, slots, lotteries, and more are all very popular.
There are virtual versions of all of these games available online and now there is also the option to use Bitcoin as a payment method so that you can play them even if you don’t live in a place where it is legal or you just don’t trust the site enough to give them your personal information.
Online gambling is big business with one report indicating that over $40 billion was spent on it in 2017 alone. As such, many sites have started accepting bitcoin as a way to pay for services.
What is Bitcoin?
Bitcoin is a decentralized digital currency that can be used to pay for goods and services online. It is the first and most popular decentralized digital currency that is traded on a peer-to-peer network.
Bitcoin is not controlled by any central authority and it is not backed by any government. It has become extremely popular as a payment method for gambling and other online services because it is quick, secure, and easy to use. For more information on Bitcoin, visit www.Bitcoin.com.
Why Use Bitcoin for Online Gambling?
The major reason to use Bitcoin for online gambling is that it allows you to remain anonymous. You don’t have to provide any personal information when you use Bitcoin which means that the sites you visit cannot identify you by name.
Bitcoin is decentralized, meaning no single person or entity controls it. It is also a peer-to-peer network which means that no third party is ever involved in a transaction.
This means that there is no central bank or government regulating Bitcoin and no way to track it back to you. All of the transactions are recorded in a public ledger but they are linked to only an encrypted digital signature that is unique to each transaction.
This means that you can use it to gamble online without giving away any personal information.
Which Casinos Accept Bitcoin?
Many casinos around the world are starting to accept Bitcoin. They are especially popular with online gambling sites in The United States and other countries where gambling is legal. Some of the most popular online casinos that accept Bitcoin include:
- 7Bit
- Betway Casino
- BetOnline Casino
- Bovada Casino
- Casino.com
- BC.Game
- Bitstarz
- CryptoWild
- Dover Downs casino
- Lucky Nugget
- Goodman
7Bit
7Bit Casino is one of the founding fathers of the crypto gambling space. The casino claims to offer the largest selection of games available from a crypto casino, with more than 7000 games available to play.
All of the usual offerings are available to enjoy, including slots, live dealer games, and roulette.7Bit is committed to offering the fastest payout times available. It’s for this reason that it accepts deposits and withdrawals in a wide variety of different cryptocurrencies
Betway Casino
Betway Casino – This casino is licensed in the Isle of Man and accepts Bitcoin from players in over 50 countries around the world.
Betway has been a leader in the gambling industry for over a decade, providing its users with a premium online platform for sports betting and casino gaming. Betway Online Casino is a user-friendly site that makes it very easy for you to get started.
Betonline Casino
Betonline Casino -This casino is licensed in Panama, has a wide range of games, and accepts Bitcoin from players in the U.S., Caribbean, and Latin America.
In 2001, the online casino has been very quickly moved onto different verticals, but iGaming has remained one of its bastions.
Today, BetOnline has a lot to offer. You will be welcome with a $3,000 sign-up bonus and enjoy flexible banking options that include Visa, MasterCard, Bitcoin, Litecoin, and others.
Bovada Casino
Bovada is one of the most popular online casinos, is licensed in Costa Rica, and accepts Bitcoin from players in the US and Canada.
If the customer deposits using Bitcoin or any other cryptocurrencies, they can access bigger bonuses offered by Bovada; the players can get more than a 75% Bitcoin match bonus that comes up to $750 that can be used in placing bets on sports.
Casino.com
Casino.com – This online casino is licensed in Curacao, has a wide range of games, and accepts Bitcoin from players across the globe.
Casino.com is what you might call a medium-sized casino. Its selection of games is not so small that there is any real chance of your becoming bored or not finding a game to your liking but not so immense either that you are lost in a sea of slots, clueless about what to play first.
BC.Game
Rather than just being an online casino that has expanded into accepting cryptocurrency and converting it into fiat currency when you play, BC. Game is committed to being a crypto casino – bonus sizes are denominated in BTC, USDT, etc. and you can deposit with 50 different cryptos or DeFi tokens.
On the BC. Game homepage the player community can talk to each other in a chat group and send USDT tips. There’s also a large player forum and leaderboard for the biggest winner of the day.
BitStarz
BitStarz has more games than you could ever hope to play, with over 3000 games available to play on the service.
Many of these titles are exclusive to gamblers who deposit using Bitcoin, showcasing the platform’s commitment to cryptocurrencies.
From the moment it was established back in 2014, crypto evangelists have been flocking to the platform in their droves. Along with Bitcoin, the casino accepts a variety of other cryptocurrencies, including Ethereum and Litecoin.
CryptoWild
CryptoWild is wild by name and wild by nature, The platform seeks to combine the best features of other rival online casinos and offer a comprehensive gambling experience.
The casino has partnered up with some of the leading software providers to ensure that customers have access to the latest and greatest casino games.
Dover Downs Casino
Dover Downs Casino – This website is operated by the Dover Downs Hotel and Casino in Delaware and accepts Bitcoin from U.S. players.
Dover Downs rebranded as Bally’s Dover in 2021 but continues to offer online gambling under its old name.
Today, Dover Downs Online offers casino games and poker to anyone 21+ and physically present within state boundaries at the time of access whether or not they maintain a permanent residence in Delaware.
Lucky Nugget Casino
Lucky Nugget Casino – This casino is operated by Lucky Nugget in Sydney, Australia, and accepts Bitcoin from players in the U.S. and Australia.
Lucky Nugget is an online casino that is perfect for newbies to the online casino world. A host of titles from Microgaming and NetEnt, including over 500 slots are a great introduction to online casino games, and also offer a lot for more experienced players looking for a site that only offers the very best software around.
The mobile app is excellent, and provides smooth gameplay, while live casino titles add that real-life gaming experience.
Goodman
Goodman is all about providing a good time. It’s an online casino that appears to have it all, offering all of the games and services that crypto gamblers have come to expect in 2022.
Whether it’s Bitcoin Slots, Live Casino Games, or even BlackJack, Goodman has you covered. For those of us who are indecisive, the Goodman website has a fantastic feature that displays the latest wins that have been registered on the platform.
This serves as great inspiration when you are on the fence about what game to play next. Anybody looking to cram a lot of fun into a little amount of time can play one of many instant games available on the site.
Pros of Using Bitcoin for Online Gambling
- You can gamble online without giving away any personal information. – You can gamble online without giving away any personal information.
- No third party ever gets any of your data, so you don’t have to worry about your information being hacked and released online.
- You can use Bitcoin anonymously, meaning you don’t have to give away your name or address when you deposit or withdraw.
- All transactions on the blockchain are encrypted which means that no one can see how much money you have or what transactions you make.
- There are no chargebacks which mean that chargebacks can’t scam you. – All deposits and withdrawals are quick and easy with Bitcoin.
- All Bitcoin transactions are irreversible, meaning that chargebacks can’t scam you.
- Anyone can use Bitcoin which means that you can play even if you live in a country where online gambling is illegal.
Cons of Using Bitcoin for Online Gambling
- Your winnings will be subject to taxes.
- If you are playing at a site that accepts only U.S. players, you will not be able to play there unless you live in the U.S.
- You might have to pay a transaction fee to transfer your money to your wallet.
- You will have to pay a fee to convert your money back to fiat currency.
- You might have to pay a fee to cash out your winnings.
- If you use a cryptocurrency exchange, you might have to pay a fee to convert your Bitcoin to fiat currency.
- It might be more difficult to cash out your winnings when you are playing at an online casino.
Conclusion
Online gambling is a great way to pass the time and have fun. It is more convenient than going to a land-based casino and you don’t have to travel anywhere. It is easy to get started and there is a wide range of games to choose from.
There is a lot of variety and you can play for fun or for real money. Across the world, more and more casinos are accepting Bitcoin as a payment method.
This makes it easier to play at online casinos if you don’t have a credit card and can’t get one or don’t want to use your personal information to make a deposit. You can also use Bitcoin to pay for other online services such as booking hotels or booking airfare.
With more and more companies accepting Bitcoin, it is an increasingly popular payment method.