Gambling Guide to play Bitcoin casino
All There Is to Know About Bitcoin Casinos
Q.: What is a Bitcoin casino?
This is the regular online place to bet and win with the only exception being that its cashier also allows players to deposit and withdraw in BTC. This can be either the platform’s only, or one of several payment methods.
Q.: Is a Bitcoin casino legal?
Defining legality of BTC and an online gambling place is two different things. Bitcoin is a legit payment method that is accepted worldwide. It can be purchased, exchanged, and used to pay for goods and services.
As to the legality of the gaming websites it is used at – here everything depends on whether such locations have licensing, and what kinds of licenses they have. In the rating of supervising institutions, permits from the United Kingdom Gambling Commission and the Malta Gaming Authority are considered the most reliable ones, and are followed by licenses from Curacao and Kahnawake. Permits from jurisdictions like Costa Rica are often treated with suspicion.
FREQUENTLY ASKED QUESTIONS
What are the main benefits of using Bitcoins in gambling?
There are at least five benefits. Firstly, and this is one of the main reasons that players from USA use them as the payment method, is that Bitcoins allow the user to remain anonymous. Here is the list of places that are friendly to American clients and accept crypto-currency.
The second reason to use them is security, and the third one is absence of fees. While credit card and bank transfer transactions are subject to service fees, in case of BTC, additional charges are added only in case of requesting a very low amount – equivalent to USD 0.10.
The online gaming community’s opinion is that places to bet and win that use BTC have a smaller house edge, which means a higher RTP. Since percentage of return to player is one of the most popular topics among gamers, our portal has a separate list of games that have high RTP.
Finally, BTC are fast to withdraw and convenient to use. A lot of positive feedback is dedicated to this decentralized pseudonymous currency, which can be used any way one wants.
Are cases of cheating possible on Bitcoin websites?
This is not the case with the licensed and reputable operators, and it is also hard to imagine from the point of view of the cryptographic hash systems. However, non-reliable operators know how to steal from players in many other ways, by using ripped software, closing accounts without any explanations, etc. So the best advice here is to do the reputation research prior to registering.
How can I know that I have chosen a reliable BTC platform to play at?
Signs of the safe and trusted Bitcoin place are a solid license, an experienced owner that does not hide information about the managing company, decent payout limits and speed, small percentage of complaints from the registered members, as well as positive evaluations from the leading gambling portals. There are plenty of unbiased reviews about Bitcoin sites on Reddit, as well as on the leading gambling portals like LCB.
Where do my Bitcoins circulate during gambling transactions?
All transactions during gambling are the responsibility of the provider of gaming services, and are not registered on Blockchain during this period. They are recorded back to the system once they come back to you as cash-outs.
Where can I get Bitcoins?
They can be obtained from exchanges that specialize in selling crypto-currency, as well as from regular people that own BTC and express interest in selling them. Ways to pay for Bitcoins include among others cash, credit and debit cards, and e-wallets.
How long does depositing and withdrawal take?
In most cases, both of these transactions happen instantly, and up to several hours are needed for big deposit or withdrawal amounts.
Is Bitcoin gaming available for free? What is the BTC-brand with faucet?
Yes, in most cases, it is available for free. Platforms with faucets are those offering a small amount of cash for a limited time period to lower down the risks and at the same time, get newbies acquainted with the quality of gaming services. More and more clients grow fond of such an approach to free play.
What documents are required to gamble using BTC?
No specific documents are needed.
Can I use BTC while playing from portable devices?
Yes, you can. Those Bitcoin-adjusted gaming locations that have mobile adaptations for smartphones and tablets allows players to withdraw and cash out in crypto-currency. Here is our list of mobile-friendly brands, where you can select the preferred currency and see what the options are.
Is this currency related to any particular software?
There is no direct connection as a place to bet and win is usually a complex mechanism, where different providers and different payment systems are gathered under the same virtual roof. There are, however, certain patterns. Thus, RTG platforms are often supplied with the BTC cashier. This can be explained by the targeting of the certain studios. Real Time Gaming is friendly to the American clientele, which, in its turn, prefers to use Bitcoins for online gambling.
What is best – instant play or downloadable client for BTC gaming?
The answer is not in currency, but in the quality of the software and the benefits of either of the abovementioned approaches. The tendency is to offer more browser play, but in some cases, downloaded and installed software is stable and fast, and it also may offer a bigger selection of games.
Are there Bitcoin bonuses, and what are the options?
The selection of promotions is the same as for regular currencies, and includes welcome offers, free spins, referral deals and ongoing propositions. No-deposit bonuses are very rarely the case, and are available in certain places and only for trusted clients.
Does the game selection differ in BTC-adjusted libraries?
Not necessarily. Usually, the choice is the same, and Bitcoins can also be used to play live dealer games. Fans of this type of entertainment can use our list of live dealer lobbies for titles that provide a complete collection of table games, including Bitcoin blackjack, roulette and more.
What does mBTC and uBTC stand for?
These are all abbreviations for the amount of the specific currency. mBTC is milli Bitcoin – the thousandth part. uBTC is the micro Bitcoin, or the millionth part. mBTC is a more widespread term for online gambling.