A Bitcoin casino is an online casino that uses Bitcoin as the main transaction currency. This means that it accepts BTC deposits and pays out winnings in the form of BTCs.
BTC casinos have been around for quite some time now as online casinos were some of the first to accept crypto payments.
So, What is a Bitcoin Casino Bonus?
Casino bonuses are special payouts offered by casinos to attract new punters. As Bitcoins have become quite popular in recent times, more online casinos have taken to paying out crypto bonuses.
These include special welcome bonus from Bitcoin casino that award players with crypto when they first join. Other casinos have special reload bonuses which let players earn BTCs whenever they deposit additional funds.
Some casinos also offer tournament bonuses that supplement the cash prize already on the offer. This is done to attract even more players and enhance the casino’s name amongst players.
Advantage of Betting With Bitcoin
There are plenty of advantages of betting with Bitcoin as we’ll see below.
1. Privacy
Unfortunately, gambling has acquired something of a bad reputation in some societies with gamblers often being viewed as financially irresponsible. This however, couldn’t be further from the truth as most punters are highly respectable individuals just looking to blow off some steam.
As a result, some individuals prefer to gamble from the peace and quiet of home via a PC or mobile device. And with Bitcoin or cryptocurrency payments, they can deposit their funds discreetly without having to worry about their friends or family finding out.
This is because digital currencies provide a measure of pseudonymity which helps punters keep their activities secret.
2. Security
It is perfectly natural to feel apprehensive about handing over your financial information to a stranger on the internet given how many hackers and scammers are running around.
And this is where the decentralized nature of Bitcoin and other cryptocurrencies come into their own. Rather than having to furnish your card details, you only need to key in the casino’s wallet address to send your funds over.
The same applies when you’re collecting your winnings. All that needs to be done is to just provide your wallet address and the funds are then transferred over to you.
3. Quick withdrawals
And speaking of withdrawals, cryptocurrencies allow you to quickly receive your winnings. Unlike traditional banking methods, cryptos can be immediately transferred right into your wallet as these assets do not make use of traditional banking infrastructure.
So there’s no need to worry about cross-border transactions or bank clearances. All of which gives you quick and easy access to your funds without having to worry.
4. Appreciation
Since Bitcoin became a mainstream asset, its valuations have skyrocketed with prices hitting stratospheric new levels. While the market is still highly volatile, it is an excellent opportunity for punters who bet with cryptocurrencies.
By simply holding onto your winnings until market conditions change, you can increase the value of your holdings effortlessly.
Top Bitcoin Casinos
1. BitStarz — Safest options for gamblers
What’s Hot
- Lucrative tournament bonuses
- Secure games
- Good security features
What’s Not
- Does not accept fiat currencies
BitStarz is one of the most secure Bitcoin casinos around. It stores the majority of deposits in cold wallets to ensure that your funds are kept safe. Besides that, the site offers lucrative tournament bonuses which are paid out in Bitcoin.
2. Ignition — Best Bitcoin bonuses for poker
What’s Hot
- Good bonuses for poker players
- Solid live dealer games
- Fast withdrawals for BTC
What’s Not
- Small selection of games
Fans of poker will surely enjoy Ignition, a Bitcoin casino that specializes in hosting poker games. It also regularly hosts poker tournaments where winners can expect to win generous bonuses.
And if you’re a fan of live dealer games, you’re in luck because the casino is well-regarded amongst punters for their skilled dealers.
3. Slots.lv — Enjoy large Bitcoin bonuses for slots
What’s Hot
- Multi-tiered welcome BTC bonuses
- Reload bonuses
- Plenty of choices for slots
What’s Not
- Offers primarily slots games
Just as the name goes Slots.lv offers a large variety of slot games that you can choose from. It’s also a fan favorite because players can enjoy reload bonuses whenever they top up their casino wallets.
4. mBit Casino — Generous Reload Bonuses
What’s Hot
- Special Friday reload bonuses
- Fast payouts
- Good selection of games
What’s Not
- Not available in some countries
mBit Casino is another solid Bitcoin casino renowned for its good selection of games and fast payouts. With over 2,000 games to choose from, I found myself spoilt for choice with mBit Casino.
And thanks to its special Friday reload bonus, you can stretch your money even further when you’re gambling over the weekend.
Closing Thoughts
There are plenty of advantages to gambling at an online casino that pays out Bitcoin. But the volatile nature of the crypto market means that it is not without its fair share of risks.
As a rule of thumb, only gamble what you’re prepared to lose and always keep your cryptocurrencies safe and secure.
