Bitcoins are the newest form of currency available online, and they become more popular amongst the online casinos. Most of the online casinos are in danger of becoming bitcoin casinos due to its anonymity. Bitcoins are the first decentralized digital currency or cryptocurrency, and there is no physical embodiment like notes and coins. The reputation of Bitcoin as the digital currency has allowed a new economy to flourish in parallel to the real traditional money-based economy. It also allowed the new arena for gambling, gaming, and lotteries through online bitcoin casinos. The most exciting thing about Bitcoins is that they operate separately of any central bank so they will not subject to any inflation, internal corruption and the funds can’t be frozen. Some of the popular bitcoin casinos are Satoshidice, Bitzino, Satoshibet, StrikeSapphire, Sswichpoker, BtcSpiortsBet, bc-casino.com, BitLotto, etc.,
There are a lot of online casinos offer gambling and the money based games in bitcoin currency. The bitcoin casinos operate from all over the world, and they are supposed to be subject to local laws. It offers the wide variety of options for players to bet their bitcoin currency on:
- Gambling games
- Casino games
- Online lotteries
- Sports based betting
- Spread betting
The bitcoin casinos are illegal in the US due to the nature of Bitcoin transactions. Some of the legally known bitcoin casinos are incorporated in the outside of the US. The interested users from all over the world can transact on these bitcoin sites anonymously.
How Bitcoin Casinos Works?
The software remains at the heart of online Bitcoin casinos just like other online gambling. Most of the popular Bitcoin casinos with large player bases run their gaming software. The smaller players can use purchased or rented versions by adding a few unique features to the game. With the minimal human intervention, the software conducts and runs the game. The software plays the role of the table dealer for the games needing all human players.
Due to the anonymous nature of their business, online bitcoin casinos face the challenge of convincing the users about the fairness of their operations. Most of the Bitcoin casinos attempt to establish the trust by openly disclosing how their software algorithms work. For the rest, it is more of a peer to peer reference which works or the uniqueness of their offering in the casinos. The poker game is the most popular game for bitcoin casinos, while a lot of other exciting games, lotteries and other variations of favourite games continue to get invented.
How Bitcoin casinos gain popularity?
The anonymous nature of Bitcoin transaction is the biggest advantage for online bitcoin casinos. Most of the bitcoin online casinos offers zero transaction fees with the free unlimited daily transactions, but the traditional currency based casinos have certain limits and transaction fees. The online digital nature enables the global access and easy availability of players in large numbers. As the online games are largely beyond the purview and control of authorities, many online games have been customised with tweaks in the rules of the game. Such variations will not be allowed in the traditional currency based online casinos, and it has been the foremost reason for the popularity of online bitcoin casinos.
List of Top Online Bitcoin Casinos
There are some bitcoin transactions based casinos are available in online, but we listed out some of the top online bitcoins casinos in the following table.
|mBit Casino||20% up to 1 BTC Cashback, 200% First Deposit Bonus||MrSlotty, iSoftBet, GameART ||฿/ $|
|1xBit||Up to 0.5 BTC Cashback, 100% Welcome Bonus||Pornhub Casino, Microgaming, GameART||฿|
|Megawins||--||Habanero, MrSlotty, Pocket Dice||฿/ $|
|Cloudbet||100% Welcome Bonus||Play’n Go, Ezugi, Betsoft ||฿|
|Oshi.io||50% Reload Bonus & 25 Free Spins, 150% Max Welcome Bonus + 500 Max Free Spins||Habanero, MrSlotty, Pocket Dice||฿/ $|
|Loki Casino||100% First Deposit Bonus + 50 Free Spins||Pragmatic Play, iSoftBet, Quickfire ||฿/ $|
|Yoyocasino||--||Habanero, Elk Studios, EGT||฿/ $|
|Golden Star Casino|
|100% Welcome Bonus + 50 Free Spins||Habanero, MrSlotty, iSoftBet ||฿/ $|
|Betcoin.ag||100% First Deposit Bonus||Playbetr, Aristocrat, Betsoft ||฿|
Adding to the complexity of Bitcoin transactions, the operations of Bitcoin casinos become more challenging. It is always exciting to get carried away with simple money making options. At the same time, players should keep in mind the challenges, legal aspects, and risk areas on online gambling. For further queries about Online Bitcoin Casinos, please comment below.