The Definitive Guide to Online Crypto Casinos

This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012.

Introduction

Casinos have evolved with technology over the years. The major
revolution in the industry is the advent of crypto casinos. Bitcoin online
casinos have made online betting and gambling less hectic and more transparent.
Apart from Bitcoin, deposits can also be made via some other cryptocurrencies
such as Ethereum, Litecoin, Doge and the list goes on.

Why are
bitcoin online casinos getting popular?

Online bitcoin casinos are getting popular for quite several reasons.
Here are some of them.

Ease of use:

Many online cryptocurrency casino sites offer very simple online betting games such as bitcoin live casino games that are newbie-friendly. Many times, all one has to do is chip in, click the mouse and wait on the god of luck.

Accessibility:

Online crypto casinos can be accessed anytime and anywhere as long have
you have a working internet connection. Also, because cryptocurrencies are
accepted, a lot of countries that are not previously allowed to create accounts
with online casinos are now included. Since cryptocurrencies are getting
popular all over the world, anyone anywhere who wishes to try his/her luck with
online casino games can do so with ease.

Higher and faster payouts:

Payouts from cryptocurrency-based online casinos tend to be higher and
faster than their fiat counterparts. Crypto casinos tend to pay up to 30
percent more than fiat casinos. These casinos usually pay within 12 to 24
hours, as against fiat casinos that may take from three to five working days to
process payouts.

Another advantage of crypto payments is the low transaction fees that
are charged per transaction. Hence, if a player is to pay for the transaction
fees, he will spend less on an online crypto casino than he would on a fiat
casino.

Anonymous betting:

Players on crypto-currency based
online casinos
can create anonymous profiles, make deposits, and withdraw
earnings without giving out their details. This makes crypto casinos relatively
more appealing and relatively safer to use than the fiat ones. Fiat casinos do
require lengthy registration and verification processes that can sometimes make
players uncomfortable.

Transparency:

Thanks to blockchain technology, users can know whether the payments
have been sent or not. Old claims by players that payments sent by fiat casinos
did not deliver are not tenable nowadays. You and other bitcoin users can
monitor bitcoin transactions and determine if payment for winnings are sent or
not by the casino.

Why should you
use bitcoin for gambling?

Bitcoin remains the most dominant cryptocurrency in the world. Apart
from being the most widely accepted cryptocurrency, based on Coinmarketcap
statistics, holding on to bitcoin for a while before selling can give huge
profits. You may choose to sell your bitcoins any time you wish as there is
always a high demand for it.

Furthermore, it has been observed that the algorithm used in Bitcoin
games such as dice, poker, and a host of others are fair. This means you have a
higher chance of winning on bitcoin casinos than fiat casinos.

How do I get
bitcoins to play online bitcoin casino games?

You can create a bitcoin wallet online or on your smartphone. Register
with Coinbase. You can fund your bitcoin wallet with a debit card or purchase
directly from other bitcoin users who are willing to sell their bitcoins.

The best
bitcoin online casinos

In this bitcoin online casino guide,we have considered a set of criteria which include:

  • Actual player experience
  • Anonymous registration
  • Fast payouts
  • Options for withdrawal in bitcoin/altcoin or
    fiat currencies
  • Welcome bonus
  • Provably fair

#1. Syndicate Casino

syndicate.casino is a highly trusted online casino. It has been providing fair games since 2014. It is fully licensed and well-regulated. It is also available to US citizens.

  • Fast
    and anonymous registration
  • Instant
    Bitcoin deposit into player’s account
  • 100%
    bonus on first deposit up 0.5 BTC
  • Accepts
    BTC, BCH, ETH, LTC, DOGE
  • Swift
    payouts (within hours)
  • Hundreds
    of casino games to play
  • Mobile
    compatibility (Android, Windows phone, iPhone and iPad)

#2.BetChain

Founded in 2013, BetChain offers impressive customer service. They
recently added the fiat payment withdraw features. Many users rank BetChain as
one of the top-rated online bitcoin casinos.

  • 24/7
    customer support
  • Offers
    provably fair games
  • Accepts
    BTC, DOGE, LTC, ETH, and e-wallet and credit cards
  • 100%
    deposit bonus of up to 1 BTC
  • Payouts
    deliver within 24 hours
  • Mobile
    compatibility (Android, Windows phone, iPhone and iPad)

#3. mBit

mBit has been online since 2014 and has built a high reputation for
itself over the years. It is fully licensed and well-regulated in Curacao where
it is based.

  • 110%
    first deposit bonus up to 1 BTC
  • Fast
    and anonymous registration
  • Mobile
    compatibility (Android, Windows phone, iPhone and iPad)
  • Lots
    of games to play
  • US
    players are allowed.

Conclusion

Please note that betting on online casinos comes with the risk of
losing money. It is wise not to risk more than you can afford to lose. On the
brighter side, many players have plenty of lucky days with online bitcoin
casinos. You can try your luck, too.

Finally, be wary of new online casinos, as many of them tend to scam
players and cart away their money.

Have you used a Crypto Casino Site previously or you are currently a player in one? Share your experience with us. We’ll like to hear from you.

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Post source: The Definitive Guide to Online Crypto Casinos

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