Bitcoin Casino Sites
If you are looking for some bitcoin casino sites, then you are in the right place! This is a complete guide to everything that you need to know about gambling with bitcoin.
What is Bitcoin?
We are positive that you have some sort of inkling about what bitcoin is already, mainly because it has dominated the financial news over the past couple of years, not to mention the fact that you have sought out this page.
For the unaware; bitcoin is a cryptocurrency. We are not going to go too heavily into what this is. All you really need to know is that this is a currency which has no central bank.
The community completely controls the value of bitcoin. It is relatively anonymous too, which is fantastic, although do bear in mind that you lose some of this anonymity when you gamble online. With the recent media attention surrounding Bitcoin, it's really no wonder that Bitcoin gambling uk is on the rise. Let's take a closer look, shall we?
Why do online casinos accept bitcoin?
Well, for them, it is cash. The more payment options they have available to their customers, the more business the online casino can do.
Although, to be perfectly honest, most of these online casinos are accepting it because their payment systems accept it. Nothing more. The online casino did not need to shake up the way in which they accept payments, so it was no real hassle for them to accept bitcoin.
Are you still anonymous when you use bitcoin through a gambling site?
Nope. You see, there are laws in the United Kingdom. The online casino does need to keep tabs on who is deposing and withdrawing money. This means that you can’t fly under the radar quite so much.
However, you will not technically be giving the online casino the bitcoin. It will be going to a payment system (more on that soon) so, in theory, the fact that you have gambled with the bitcoin is untraceable. All the system really shows is that it was passed on.
How does depositing with bitcoin work?
This is going to be dependent on the online casino that you have selected. While there are some casinos which allow you to gamble with bitcoin directly, most do not. It is likely that it would mess up their system if they did.
When you deposit with bitcoin, you aren’t really depositing your bitcoin. Instead, you are going to be giving your bitcoin to another company (the payment system that the online casino uses).
The payment company will then give you an equivalent amount back in your local currency. It is this currency which will end up being deposited into your account.
How does withdrawing with bitcoin work?
Unless you are gambling on one of those 100% bitcoin websites, and chances are that you will not be, then you will be withdrawing money in your local currency. This means that, once you have made your deposit, it is unlikely that you will ever see the bitcoin again.
If this is fine with you, and bitcoin really is a fantastic way to get rid of your bitcoin, then go down that route. However, if you want your bitcoin back, then you may wish to look into using a 100% bitcoin casino, although you should remember that these casinos tend to be rare.
How can you find an online casino which accepts bitcoin?
Much in the same way that you would opt for any other bitcoin gambling sites (check out a couple of the guides that we have put together on this website). Here are a few tips that you can use:
- Check that they offer the games that you want to play.
- Check that they have plenty of other games that you can dive into should you get bored of your initial game.
- Withdrawals and deposits should be fast.
- The customer service system needs to be fantastic.
- You should be able to play with your mobile device.
- The site should be quick and easy to load.
Looking for some Bitcoin Casino Sites?
If you are, we have put together a huge list to some of the best ones around below. Make sure you check it out. Our team are working hard to ensure that we keep this list as ‘up to date’ as possible, so make sure that you check back regularly as you never know what awesome casino sites which allow bitcoin that you will uncover!