Bitcoin Casino Sites
Content Fact Checked: March 11, 2021
Bitcoin is a crypto currency, held only in digital form. It is not centrally controlled like conventional currencies, which are usually issued by a national government (the Euro is an obvious exception) and regulated by government authorised central banks. Instead, bitcoins are issued and stored via a peer to peer, open source network.
This is achieved via a unique and innovative software solution called a blockchain. Instead of controlling and storing the currency centrally, the maintenance of the register of ownership and transactions is accomplished by a network of computers running the free open source bitcoin software. Bitcoin users responsible for maintaining this blockchain and verifying transactions are rewarded by the ability to receive processing transaction fees, or by being issued new bitcoins (a process known as mining).
The total amount of bitcoin available is strictly controlled by the software. Unlike conventional currencies, which are vulnerable to loss of value by inflation, bitcoin’s supply growth is strictly controlled with a maximum total of 21 million already set. This maximum figure is not expected to be reached until the middle of the 22nd century. Bitcoins can also be divided to help maintain a consistent value.
You can buy them online using conventional currency. They are then stored securely in a digital wallet for you to use them to buy goods or services online, or simply to transfer money to someone else. This digital wallet can be accessed on your PC or via an app on your mobile. Making a payment or transferring your bitcoins is as simple as pressing a button or sending an e-mail.
Many online casinos are now accepting this novel new currency. There are many advantages for both the player and the casino. From the player’s point of view, the currency is largely anonymous, with ownership virtually impossible to trace from outside: there is no centrally controlled storage facility or database to search for example. Furthermore, no personal information such as names, addresses or account details are required to make a transaction. Payments or money transfers are sometimes completed free of charge. In any case, fees will almost always be much lower than for conventional banking, simply because there is no bank involved to make charges in the first place. There is also the advantage that you can often decide for yourself how large a fee to pay. The advantage of paying more is that your transaction will be processed faster (because there is more of an incentive for the network to verify your payment quickly).
From the receiving business or casino’s point of view, accepting bitcoin is a great way of minimising transaction fees. It is easy get started, and unlike conventional banking and credit payments, it doesn’t cost anything to set up the payment system. There is no fee for accepting bitcoin and there are no ongoing regular merchant fees to pay. Plus of course the more flexible payment options available for players are, the more new players are likely to be attracted.
As bitcoin becomes better known and more widely accepted, its low costs, confidentiality and ease of use make it increasingly attractive as a payment option for both casinos and players. Already there are plenty of casinos around who offer bitcoin as a method of payment and doubtless more will be offering this option in the future.
Full List Of Bitcoin Casino Sites
 | Slot SiteWelcome Bonus 100% Bonus Up To £50 + 30 Bonus Spins |
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| Go To Site | This unusually named casino is powered by Skill on Net, the up and coming casino providers that are gaining quite a reputation in the gaming industry. It sounds like it may be some kind of company sponsorship deal, but in fact AHTI is apparently a little known mythical sea lord. This particular nautical deity promises an ocean of entertainment, and he certainly does deliver. With his trusty trident and supernatural powers, he has summoned up a sea of slots. There...Read More Terms & Conditions: Welcome offer 100% up to 50 free Super Spins on Book of Dead. First Deposit Only. Game: Book of Dead, Super Spin Value: £0.50, Max Super Spins: 50. WR 10x free spin winnings amount (only Slots count) within 30 days. Maximum bet is 10% (min £0.10) of the free spin winnings amount or £5 (lowest amount applies). Spins must be used and/or Bonus must be claimed before using deposited funds. Bonuses do not prevent withdrawing deposit balance. Bonus Policy applies. |
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| Visit | Golden Lion is a classily designed casino designed for the American market. It is licenced via the Dutch Caribbean island of Curacao, so it does not operate under the jurisdiction of the UK Gambling Commission. In most things, it seems as if the Americans are ahead of us: what is new or popular in the United States will soon be arriving with a fanfare over this side of the pond. In the online casino industry however, this is not the...Read More Terms & Conditions: 250% Welcome Bonus up to $2500 and 10% Cashback on 1st deposit using code SPELL250. Code is valid once for new players on slots and specialty games only. Playthrough x40, no maximum cash-out. A minimum deposit to claim the code is $25+. Cashback is given in a form of a Free Chip, Playthrough x50, maximum cash-out x5, to be claimed in Live Chat. Full terms apply |
 | Oshi CasinoWelcome Bonus 100% Bonus Up To €1,000 + 150 Bonus Spins |
| Go To Site | It is a little unconventional to begin a review of a casino with the payment options. These are usually one of the dull bits near the end close to the Terms & Conditions. But Oshi Casino is one of the first to accept Bitcoin as an option. I suppose one day, to mimic the old marketing phrase, “all casinos will be made this way” but at the time of writing, Oshi sure is a pioneer. Unfortunately, UK based players are...Read More Terms & Conditions: UK players are not accepted. For other players in Europe the welcome package is worth 4,000 € and 200 Free Spins over 4 deposits, starting with 100% match bonus up to 1,000 € and 150 free spins on 1st deposit. New players only. Minimum deposit 20 €. Free Spins are for Aztec Magic Deluxe (Bgaming), Gemhalla (Bgaming), Wild Cash (Bgaming), Elvis Frog in Vegas (Bgaming), Wolf Spins 243 (1spin4win), Werewolf's Night (1spin4win), Book of All Ways (1spin4win), Hold the Gold (1spin4win). Free spins will be added as 50 free spins per day. WR 45x bonus money or winnings from free spins. Bonus duration is 5 days. Free spin activation duration is 1 day, free spins duration and free spins result duration are 5 days. Full terms apply. |
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