Bitcoin casinos are a relatively new trend in the world of gambling. In contrast to regular online casinos where transactions are based on fiat money, bitcoin casinos have more advantages to them. The key difference is that bitcoin casinos use bitcoins as payment for games and payouts of winnings. In most cases, other cryptocurrencies, such as Ethereum or Tether, can be used along with bitcoins.
While traditional casinos use fiat money, a bank is used as an intermediary between you and the casino. What can be attributed to the advantages of such a casino over traditional ones? This includes:
- There are no intermediaries in payments. Transactions when playing in a crypto casino go through the blockchain. Although the blockchain is an open structure and you can observe what happens in it, no one can change the data stored there.
- Blockchain provides not only security but also the anonymity of transactions.
- Such platforms are quite legal and receive appropriate licenses from government agencies for permanent work. We hope you do not plan to choose a bitcoin casino without a license, right?
- Since the transaction goes directly from one crypto-wallet to another, there are no types of commissions and the possibility of becoming a victim of scammers is greatly reduced.
- In addition to this, crypto-casinos enjoy other advantages of the blockchain, for example, decentralization.
- And of course, who doesn’t want to win a lot more with a bit of cryptocurrency?
In this article, we will recommend you top 5 representatives of a mobile bitcoin casino, so you know what to look for when choosing one.
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TOP list of the best casinos in India
There are plenty of crypto casinos online, but how to choose the best one? We prepared a list that might be helpful if you are looking for a trustworthy platform.
Founded in 2019 this casino has to offer more than 5000 titles of different kinds. In contrast to regular online casino games supported by fiat money, those ones are pretty exclusive in the gambling world. The website offers a branded game called Winz to the Moon as well.
Winz.io supports almost any kind of currency and payment method (more than 30). Users also underline the quick transaction system available 24/7, so you won’t struggle to wait for your reward. There is also a developed bonus system with welcome offers and VIP or loyalty programs. With the deposit, you can get up to 300 extra spins.
There are almost no relevant negative reviews on the web about the casino itself. If the thing comes to fair play and highly supportive online help chat, then Winz.io is a great place to start with. You should only pay attention to the fact that some countries are not allowed to play hence the blocking. You can find a list of countries on the whitelist on the Internet.
- BitSpin Casino
It is a hybrid casino that supports crypto and fiat options coexisting together. It was founded in 2022. After registration, the platform offers a welcome bonus package. You can claim up to three bonuses, each of which contains special rewards. There you can find any kind of games: from traditional BlackJack and Slots, to Live Casino Games. In the second option, you can earn money by participating in live streams of Baccarat, Auto-Roulette, and so on.
This casino has maintained a perfect reputation since 2014. It has a pretty huge collection of live stream games as well as some exclusive ones which is a common trait for Bitcoin casinos. You can deposit and withdraw directly in cryptocurrency with no delays. It has many eGaming awards as well as positive reviews on the web.
- FortuneJack Casino
Established in 2014, the FortuneJack Casino claimed to be pretty trustworthy for many users. The maximum withdrawal recorded was £250,000. With a no-deposit bonus, you can get 100 free spins on various games. With a deposit, you will get up to 250 extra spins. All traditional games as well as live dealers are included. Unfortunately, bank transfers are not allowed for withdrawals, and still, there is no customer support via phone.
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Fairly good casino to play at, but it has some disadvantages to keep in mind. It is a pretty large online platform, which means that there is a chance to withdraw big amounts. The number of games is average. There you can find all the traditional titles, as well as additional 16 games which are placed only on Stake. Deposit is allowed with more than 130 cryptocurrencies. However, there are no welcome bonuses or special rewards. There is also limited information about payouts, and it is really hard to find on their official website. Some companies may give you a special promo code for registration to receive some percent of Rakeback on all your wagers unlimited.
Key differences between regular and crypto casinos
Some of these websites use blockchain technology when creating their gambling platform. This has the advantage of automating payments with smart contracts.
Some traditional casinos are already starting to accept cryptocurrencies as a means of payment. This allows them to expand the circle of interested players and become more modern. By using the help of different software developers the crypto casinos or casinos that support cryptocurrency have many more exclusive games, which attract visitors. Sooner or later, crypto casinos may overshadow regular ones. At least when it comes to online gambling.
What can be attributed to the disadvantages of crypto casinos?
There are disadvantages of a bitcoin casino, but they are relatively few:
- The cryptocurrency market changes regularly and there is still no established and permanent regulation. The conditions and regulatory processes may change because behind Bitcoin and other cryptocurrencies there is a decentralized network and not a sovereign state.
- Not all players use cryptocurrency. For many people, it is still something incomprehensible and questionable, so they prefer traditional money.
- All cryptocurrencies that are not stablecoins have high volatility. Therefore, the cost can change in a matter of hours. So the casino must have sufficient capital to cover the winnings of the players.
The only thing that is left is how to choose the casino that will be the most suitable for you. And we do have the answer.
Signs of a good bitcoin casino
It is possible to find a good casino if you know what you are looking for. Before choosing, try to read more articles about the best casinos online and make a list of names to choose from. Then, you can go and sort them out by those criteria:
- The first thing you should pay attention to when choosing a place where you can play using cryptocurrency is a license. You don’t want all your winnings or coins deposited to just disappear overnight, do you? That is why a license is important. Those casinos that “disappear” after a few days or weeks after creation do not receive licenses, because this is a laborious and costly process.
- What are the payment and withdrawal conditions of winnings? Even though there is no commission when transferring between crypto wallets, the casino can charge a percentage on its own. It is worth paying attention to this. And also what ways of depositing and withdrawing funds exist.
- What kind of software do they use? Online casino games must run on a real random number generator, and the casino must not be able to interfere with these programs in any way. That is why there are already a certain number of gambling software developers who have earned recognition and produced high-quality gambling programs.
- Is there any variety? Maybe everyone loves blackjack and roulette, but sometimes you want to try something new, right? So pay attention to how many titles are available.
Before you play a casino for real money, we recommend reading several independent reviews about a particular platform first, as well as reviews of real users. In addition, you can try out the site yourself by playing a few games for free in demo mode. Don’t worry that some casinos are young. Once you start playing on a newly created platform, you may find that you can win a lot more here than on others.
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