Top 10 Bitcoin Wallets Casinos
Best Bitcoin Wallets Online Casinos in January 2020
Bitcoin is considered the first decentralized cryptocurrency and has inspired lots of creators to come up with the multitude of options we now have today. It was released by an unknown creator which used the name Satoshi Nakamoto in 2009, as open-source software. There are a few ways of obtaining Bitcoin, but at first, people received the cryptocurrency as a reward for a process called “mining”. Due to the fact that it allows users to remain anonymous during transactions makes Bitcoin a great option for online gamblers worldwide. Another advantage of Bitcoin is that it works independently from any bank, being transferred directly from user to user. To learn more about the cryptocurrency, we invite you to check out the informative video below:
BEST BITCOIN CASINOS
The main element of this page is our top of Bitcoin Casinos, which features not only the best 10 highest ranking gambling establishments but the entire directory of Bitcoin-friendly online gambling websites as well, arranged by score. You can start by checking out the best, then further expand the list to up to 334 casinos with the Show More button. Notice that each site has its own review page, where you’ll find all the essential information you need. Our ranking is based entirely on players’ opinions and we aim to help you get an accurate and more complex idea of any gambling website, by combining general casino information with the feedback of experienced punters.
We advise you to use all the available filters in order to obtain accurate results, as well as check out casino tops from previous months to see what other gambling sites held the “crown” in the past. Notice that we also provide information on trends, which will tell you whether a certain casino has climbed in ranks, kept its position or went down since last month. Furthermore, you can always check out our Top 10 Online Casinos to see the overall highest ranking sites, regardless of payment method.
HOW TO GET BITCOIN
There are a number of ways to acquire Bitcoin, from mining to actually buying or winning it. If you want to learn more about the mining process and what it involves, we’ll be inserting an informative video below.
When it comes to buying, the process is simple. You can exchange fiat money for Bitcoin, as you’d normally do when converting traditional currencies. And, of course, another way of getting BTC is by trying your luck at online casinos. We can help you with that since our directory contains a wide variety of Bitcoin casinos, so it’s highly unlikely that you won’t find something to fit your gambling style and preferences.
Despite their names, these wallets do not actually hold the Bitcoins themselves. Instead, they’re safe ways of storing the necessary details for managing the funds and performing transactions. There are many types of Bitcoin Wallets, varying in accessibility and security: online, mobile, software, hardware, and paper. Some of these hold the information in a digital form, either online or offline, while others are physical, cold-storage options, which are also significantly safer as they limit the number of parties which have access to them.
DEPOSITS, WITHDRAWALS, AND FEES
To deposit Bitcoin into your casino account, you’ll need a wallet first. The casino itself will create a wallet to store your transferred funds, providing you with the necessary details (QR code or key) which allow you to perform transactions, as you’d normally do with regular purchases. To withdraw your winnings, however, you’ll need to exchange them into fiat money with the help of a broker exchange. This involves transferring your BTC into the broker’s account and withdrawing the equivalent amount in the currency of your choice, so be careful when choosing where you exchange.
When it comes to fees, you’ll be glad to know that receiving Bitcoin doesn’t carry extra charges. Spending them isn’t that expensive either, as wallets will usually allow you to set your own fees and it is possible to pay the same amount regardless of the transferred amount.
Both deposits and withdrawals using Bitcoin are instant. Since there are no banks or third parties involved, once your transaction has been reviewed and accepted by the casino, you’ll have access to your funds in the blink of an eye!
SECURITY AND CONFIDENTIALITY
When it comes to security, you can be sure that, given the high value of Bitcoin, casinos go the extra mile to ensure your information and funds are properly and safely stored. As for your identity, you won’t have to worry because the cryptocurrency enables you to perform transactions anonymously. However, the gambling website might still request your personal information for verification purposes. While our team checks each casino to ensure it is properly licensed before adding it to the list, we advise you to read the terms and conditions and do your own research before anything else.
Since Bitcoin does not depend on any central banking system, you won’t stumble upon the usual obstacles if you want to use it for gambling purposes. Basically, you can use it anywhere in the world, as long as the casino accepts it as a payment method.
SUMMARY AND CONCLUSIONS
Now that you have the necessary information about Bitcoin and Bitcoin casinos, we hope the process of choosing the right gambling place will be much quicker and easier for you. Given the cryptocurrency's unique characteristics, it comes as no surprise that has become a great payment option for online punters worldwide, especially since it allows for anonymous transactions. Go ahead and play at any casino you find appealing, but don’t forget to come back and provide your own feedback once you’re done!