What is a Bitcoin Casino?
First of all, let’s clarify what is bitcoin (BTC) to proceed with online bitcoin casino explanation. Bitcoin is a cryptocurrency that is absolutely digital, which means that it has no physical representation, so it exists only on the web. Bitcoins can be stored on e-wallets. To approve all exchanges between wallets BTC wallets, the miners need special software and hardware to approve all these operations.
Among all the perks of BTC, there should be mentioned the fact that there are no authorities or central banks of this cryptocurrency, so all the BTC transactions as well as issuing of this cryptocurrency is performed collectively by the global web community, even you can be involved in these processes. In such a way, it’s fair to admit that BTC is an open source with a public design and absolutely independent operation in the digital world. Isn’t that the best guarantee for bitcoin’s safety?
In addition, there are many unique properties of this revolutionary cryptocurrency as well as numerous privileges of using a BTC that can’t be beaten by any other payment system for online gambling. Read more about them in the section Advantages of Casino Bitcoin.
So, to cut a long story short, bit coin casino is any online casino that accepts bitcoins. In the subsequent sections below, you can find all the relevant info regarding BTC casinos, their advantages and disadvantages as well as the ways to make deposits and withdrawals on gambling websites.
Types of Bitcoin Wallets
There are three types of wallets you can choose from to gamble with BTCs. Check the description of all these types in the table below.
|Online Wallet||A web-based wallet, backed up by a third party, located on a cloud service, best option for beginners|
|Software Wallet||BTCs are stored on your PC, backups need to be performed manually, best option for intermediate casino players|
|Hardware Wallets||Most secure of all BTC wallets, can be accessed only using a special piece of software that has to be connected to your PC via USB, backups need to be performed manually, best option for high rollers or gamblers with large amounts of BTCs.|
Advantages of Casino Bitcoin
- BTC is the most popular globally accepted cryptocurrency, so it all the transactions can be conducted online at any bitcoin-supported vendors.
- What you’ll definitely find really cool about using bitcoin for your gambling activities is that the house edge is slightly lower for BTC gamblers. Of course, it’s not a big deal if you aren’t an active gambler, yet if you gamble regularly, this feature might turn out extremely lucrative for you!
- Playing in bitcoin casinos, you’ll get a unique opportunity to play exclusive games specially designed specifically for BTC players!
- The most important peculiarity and evidently advantage of using this cryptocurrency for your gambling activities is that it’s not controlled by any centralized banking system and isn’t backed up by any specific country, which means that it’s absolutely independent.
- The value of bitcoin transactions is not controlled. So, there are basically no limits, which lets you transact as many BTCs as you wish.
- Using a BTC, you have absolute freedom since you can perform all the transactions instantly whenever you want. There are no holidays or days off, no borders, and no bureaucracy. You are the only person who can control your funds.
- Among the main advantages of using BTCs for your gambling activities, is its extraordinary safety that is considerably enhanced compared to other payment methods.
- Since bitcoin has no physical representation and is available only in the digital world, there’s no way for it to be counterfeited.
- BTC is an open source with a public design and absolutely independent operation in the digital world.
- All your transactions in a bitcoin casino online are perfectly secured, which means that all transactions are safe for gamblers as well as for casinos.
- BTC deposits can be made using various banking systems, including credit and debit cards, e-wallets, evoucher cards, digital banks etc.
- Since no banks are involved, all bitcoin transactions are performed without any extra fee.
Safety of Bitcoin as a Banking Option
It’s utterly impossible for a BTC to be counterfeited since it exists only in a digital world, so it has no physical shape. Providing that your bitcoin wallet is stored safely somewhere on your own hard drive or a reliable cloud service, there’s absolutely no way for it to be neither stolen nor hacked.
In addition, your BTC account is protected by IP links, so it’s definitely safe, and there is absolutely no reason to worry about your safety.
In addition, its safety is definitely not to be questioned since all the transactions are perfectly secured with specific encryptions and cyber safety mechanisms. It goes without saying, bitcoin’s safety is substantially enhanced compared to other payment methods.
Bitcoin Casino No Deposit Bonus
Another really cool feature of Canadian casinos accepting bitcoin is a chance to get a bitcoin casino no deposit bonus there! Below, you can see a table featuring trusted Canadian casinos where you can get a no deposit bonus providing that you make deposits on your casino account using a BTC. In addition, there are also listed all bitcoin casino no deposit bonus codes in case they are required by a casino if you want to get a bonus without depositing any of your personal funds!
|Bitcoin Casino||No Deposit Bonus||Bonus Code|
|Cafe Bitcoin||$10 free chip||CAFE10|
|Bitstarz||25 Free Spins on Wolf Treasure||Automatic allocation|
|Fortune Jack||25 Free Spins||Automatically allocated after e-mail and phone verification|
|888 Tiger||18 Free Spins on Jumping Jaguar||Automatic allocation|
|Crypto Wild||20 free spins on Book of Pyramids, Cherry Fiesta or Lady Lucky Clover||Automatic allocation|
|PlayAmo||25 Free Spins on “Book of Pyramids”||Automatic allocation|
|Mandarin Palace||$24 free bonus||24FBONUS|
|Funcasino||11 Free Spins||Automatic allocation|
|Emu||12 Free Spins on Dragon King||Automatic allocation|
|Betchain||20 free spins||Automatic allocation|
|Planet7 OZ||$25 free chip||Automatic allocation|
|Raging Bull||55 Free Spins on Gods of Nature||FREE55|
|Sloto Cash||50 Free Spins||MY50FREESPINS|
|Miami Club||$15 No Deposit Bonus||NDK15FREE|
|Bella Vegas||60 free spins on Pina Nevada||PINA60|
|Uptown Aces||50 Free Spins||MY50FREESPINS|
|BitcoinCasino.us||10 Free Spins on Novices||Automatic allocation|
|Big Dollar||45 Free Spins on Show me the Honey||NDK45|
|Red Stag||79 Free Spins on Cool Bananas||NDK79COOL|
|Slots Capital||50 Free Spins on Smoking Gun||SG50|
|Desert Nights||$50 free chip||GET-50FREE|
Disadvantages of Bitcoin
- Since this cryptocurrency isn’t controlled by any centralized banking system, it might be rather problematic to draw to responsibility anyone in case any kind of problems arise.
- BTC value is rather unstable, it always fluctuates based on the supply and demand on the market. That’s why this currency might be slightly risky to operate with since its value is quite hard to be predicted.
- Frankly speaking, this cryptocurrency is still being in the process of development since its software still works in a beta version. Some of new tools and features are still not available to everyone. Besides, there’s no insurance for using BTCs.
- If you lose bitcoins, which is really hard to do since they are stored either on an online cloud service or your PC software, the money remain in the block chain, yet there’s absolutely no way to get access to it because of the private key(s) that can’t be reset.
How to Deposit at Bitcoin casino
To start using BTC for your online gambling, evidently, first of all, you need to create an e-wallet where you intend to store your bitcoins. Choose the best options BTC e-wallet for you out of the following trusted options offered by the official website bitcoin.org: Bitcoin Core, Bitcoin Knots, BTC.com, Coin.Space, Edge Mobile Wallet, Green Address, mSIGNA, Mycelium, Trezor, Armory, BitBox, Bitcoin Wallet, Bither, BRD, Coldcard, Eclair Mobile, Electrum, KeepKey, Ledger Nano S, Wasabi Wallet, BitGo, BitPay Wallet etc. All these wallets may slightly differ, yet all of them are highly protected, so they are absolutely safe to operate with.
Right after you’ve chosen the most convenient option out of the listed above, you need to fill in an application form to set up the wallet. Think of a complicated login and password to increase the safety of your account and make sure that only you have access to it. Verify your e-wallet following the website’s instructions.
After that, you can transfer BTCs into your e-wallet either directly from other bitcoin users as well as buy them from trusted online resellers or exchange them from your bank account.
As soon as you are done with it, indicate BTC as your preferred depositing method at the casino of your choice, make your first deposit following all the instructions given by the casino and start gambling hard right away!
How to Withdraw Bitcoins
Technically, the procedure is just the same as for depositing, yet it’s performed in a reversed order. First of all, you need to win BTCs to be able to withdraw them from your casino account. Then, you need to type in the amount of bitcoins that you want to withdraw on your e-wallet. As soon as you do, the only thing you have left is to wait for a few days to receive the withdrawn bitcoins on your bank account. Mind that since no bank is involved as an intermediary for any kind of financial operations with BTC, you don’t have to pay any extra fee. Isn’t that really cool?
To sum up, bitcoin is an internationally accepted cryptocurrency that exists only in a digital world, which make it really safe. Playing in a bitcoin casino in Canada, you can experience various advantages, such as lower house edge, exclusive games, instant transactions etc. Besided, there’s a chance for you to get a BTC casino no deposit bonus so that you can play really cool exclusive BTC games absolutely free of charge with an opportunity to withdraw real cash winnings!