Do you want to start gambling at a Bitcoin casino? Then this guide is for you! Bitcoin casino sites allow you to enjoy an online gambling experience with exclusive bonuses and fast transactions.
Bitcoin casinos also provide you with an additional level of privacy so you can keep your gambling activity private. You don’t have to link your bank or any other financial payment accounts, so your transactions are less likely to be blocked.
In this guide, we not only look at the benefits of Bitcoin casinos but also list the top gambling sites where you can use this cryptocurrency. Here’s a closer look at this crypto-gambling solution and the casinos that accept it.
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Bitcoin is the world’s most famous cryptocurrency. It is a digital currency that is exchanged online for various services. Cryptocurrencies differ from fiat currencies because a cryptocurrency is a decentralized currency that doesn’t rely on a government or bank to maintain it. You can read more about Bitcoin and how it works at the official website. A Bitcoin Casino is an online casino where you can deposit and withdraw Bitcoins. There are a few requirements that needs to be in place before you can start your Bitcoin adventure, find all the information in this guide.
Bitcoin was created in 2009 to let users exchange value with each other over a network. Today, you can use Bitcoin to make payments for various goods and services online.
Bitcoin operates on a blockchain system. It works on a peer-to-peer network where users who want to exchange Bitcoin interact to facilitate and verify transactions.
The blockchain is a public ledger that records people’s transactions with Bitcoin. The design ensures all transactions are easy to record and track, confirming the currency is being used well and that all parties involved in transactions act responsibly. The blockchain includes details on old and new Bitcoin transactions.
People produce new Bitcoin tokens through a process called ‘mining’. Groups of users work together using mining software and hardware to solve complex equations that link to each transaction.
Details on the latest transactions will appear at the end of the blockchain when new tokens are mined. The new bitcoin tokens will go to the miners as a reward for their work.
Bitcoin’s value will vary, and many factors influence its fluctuating price:
A single Bitcoin token or BTC can cost thousands of dollars, but you can buy a fraction of that coin. A Bitcoin token is divisible to eight decimal places or 100 millionths of a coin. For example, instead of spending $20,000 for 1 BTC, you can get 0.01 BTC for $200. This makes it easier to acquire and use bitcoin to play at a bitcoin casino.
You will need a crypto wallet to transfer your funds to a Bitcoin casino. A crypto wallet will let you store various cryptocurrencies, including Bitcoin.
These wallets hold two keys for allowing a user to send and receive Bitcoin. First, a public key lists the user’s wallet information. Second, there’s a private key necessary for conducting the virtual handshake needed to complete a transaction.
You can access your keys by creating a crypto wallet. You’ll need to keep a record of your login credentials, as you could lose your Bitcoin if locked out of your wallet.
An e-wallet will also produce a QR code that includes details on your wallet address and other factors. Some wallets also let you scan QR codes belonging to other parties when you need to transfer funds.
There are two different kinds of wallets, one is cold and one is hot and the most significant difference is that the cold wallet is physical while the hot wallet is digital.
A lot of fintech companies offer these crypto wallets free and some of the most well-reputed are Coinbase.com, Crypto.com and Metamask just to name a few.
After you’ve created your e-wallet as explained above you can make your first deposit at one of the Bitcoin casinos on our list. Follow the steps below or watch the video to learn how to deposit with Bitcoin:
By utilizing your crypto wallet to fund your account, you can promptly engage in Bitcoin casino games. Distinguishing itself from numerous conventional online casinos, Bitcoin gambling sites exhibit fast withdrawals, ensuring the rapid arrival of your funds and enabling you to commence your gambling endeavours within a matter of minutes.
Not only are deposits fast at online crypto casinos, but withdrawals are also speedy. Online Bitcoin gambling allows you to receive your winnings on the same day, which isn’t always the case at traditional casino sites.
You can use these steps to withdraw funds from your casino operator:
The funds can take a few minutes to reach your wallet, but the Bitcoin should usually arrive within a couple of hours.
Yes, it’s safe to use Bitcoin as a payment method at online casinos. However, it is important to note that any potential security concerns may arise within your chosen e-wallet provider, as they oversee the exchange between your e-wallet and the casino’s e-wallet. Should you encounter any irregularities, we recommend reaching out to their dedicated help centre for assistance.
Bitcoin uses elliptic curve cryptography to encrypt data. This is used to create your private key for your e-wallet. Your private key corresponds to a PIN number for your bank account.
While all of the casinos on our recommended list are safe to play at, there are a few extra things you can do to protect yourself when gambling with Bitcoin:
The main reason to use Bitcoins at online casinos can vary, but one of them could be that you are using Bitcoin in your daily life for goods, trading or other financial activities. We’ve gathered some of the main pros and cons below:
At Casinocrawlers, we do our best to investigate fees associated with Bitcoin transactions and during our research, we’ve found some general considerations which you should be aware of.
Bitcoin does not have inherent transfer limits, as it is a decentralized digital currency. However, certain casinos or wallet providers may impose limits on the amount of Bitcoin that can be transferred within a specified period. These limits can be based on security measures, regulatory compliance, or account verification levels.
Most of the time the Bitcoin casino will set the deposit and withdrawal limit, so make sure to check their banking page before depositing.
Bitcoin wallets can have different fee structures depending on their type. Some wallets allow users to set their own transaction fees, while others may have fixed fee structures. It’s important to consider wallet fees when choosing a wallet provider.
When you buy or sell Bitcoins from a Bitcoin provider the transaction typically involves a small fee paid to miners to prioritize and confirm the transaction on the blockchain. The fee amount varies based on factors like network demand and transaction size. During times of high network congestion, the fees may increase to expedite transaction processing. E.g. Coinbase.com transaction fees are 0% – 3.99% depending on the type of transaction.
Converting Bitcoin to fiat currencies or other cryptocurrencies may incur additional costs. These costs can include exchange fees, spread (the difference between buying and selling prices), and withdrawal fees.
Bitcoin’s price is known for its volatility, which means that its value can fluctuate significantly over short periods. This volatility can affect the overall costs of transactions or conversions involving Bitcoin.
The limits and fees are strictly tied to the Bitcoin platform you choose to have your wallet on. That’s why it’s crucial to research and compare fees and costs associated with different wallet providers and transaction types to make informed decisions. Additionally, staying updated on the current market conditions and network fees can help manage costs effectively when using Bitcoin.
There are numerous Bitcoin apps available for various purposes, including wallets, exchanges, trading platforms, and online casino deposits. Some of the well-known Bitcoin apps are: Blockchain.com, Coinbase.com, Kraken.com and Crypto.com
Each app will have its own features, so you’ll need to do your research before choosing one. If you are interested in learning more about each app and its features we recommend that you visit the official site of the app and investigate.
KYC processes can vary between jurisdictions and different platforms may have varying levels of stringency. Bitcoin platforms implement KYC processes to ensure compliance with applicable laws and regulations, enhance security, and foster a safer and more trusted environment for Bitcoin transactions. Most Bitcoin platforms and apps will require identity verification, proof of address, selfie verification, etc.
Casinocrawlers experts review each casino by ensuring that they actually do what they promise e.g.:
Furthermore, all casinos on Casinocrawlers have to live up to certain criteria set by our team.
You can enjoy a full assortment of generous bonuses at a bitcoin casino. Some of the most prominent bonuses available at crypto casinos include:
Every Bitcoin casino will offer different bonuses with varying terms and conditions attached. You might have to complete a minimum deposit to claim a bonus or complete applicable wagering requirements.
Bitcoin was created by an individual or group using the pseudonym Satoshi Nakamoto. The true identity of Satoshi Nakamoto is not known and it is unclear whether it represents a single person or a collective effort.
In January 2009, the Bitcoin network was launched with the release of the first open-source Bitcoin software. Satoshi Nakamoto played a vital role in the early development of Bitcoin but gradually withdrew from the project in 2010. The Bitcoin network has been maintained and developed by a diverse community of developers and contributors. Satoshi Nakamoto continues to be a subject of speculation and curiosity within the cryptocurrency community. If you are interested in the exact software behind Bitcoin you can read the whitepaper.
The legality of Bitcoin varies from country to country. Buying and Trading Bitcoins in New Zealand is totally legal and the payment method is used for all kind of goods and services. You should however note that gambling with Bitcoin will influence your tax dislosures, which you can read more about below.
Bitcoin itself doesn’t disclose information to the tax authorities, but you need to report your income from Bitcoin if the purpose is to make a profit. New Zealand tax authorities, who are called the Inland Revenue Department (IRD), have made a useful guide on taxing Bitcoin income.
It makes the process of gambling with Bitcoin a bit more complex but we will explain all the details needed so you don’t run into trouble with tax authorities.
First of all the most important step is to record keeping of your Bitcoins, which includes:
Source: Inland Revenue Department
This means that when you buy Bitcoin in your wallet you need to note down all of the above and you also need to note down any winnings from the Bitcoin casino sites that you play on. This will make it a lot easier for you to document your income if the IRD contacts you.
Note that you need to keep the records for at least 7 years. Most Bitcoin apps and exchanges have features where you can download all of the above information with one click, so don’t waste time on this yourself, but use the features in the apps.
You should always seek help if you feel like your gambling gets out of control. Gambling can lead to addiction and debt, which is why it’s important to reach out for help.
Helplines are a great way to ensure you gamble responsibly and you can seek help at these websites:
You can find more extensive information on our page about responsible gambling.
The best Bitcoin casino platforms offer a large variety of online games. There are many games that you can play using Bitcoin, and here are some of the most common:
One of the newest and most exciting types of casino games is probably fair games.
This type of game is available in certain online gambling platforms, including some Bitcoin casinos, to provide transparent and verifiable fairness in the outcome of games. The aim is to ensure that neither the casino nor the player can manipulate or cheat during the gameplay.
provably fair games involve the use of cryptographic algorithms and hashing functions. Here’s a simplified explanation of how it works:
Seed Generation: The casino server generates a random seed, which is a string of characters, and sends it to your browser/client.
Player Seed: You can also provide your own seed, known as the client seed, to further ensure fairness. This step is optional but allows you to have more control and verify the game results.
Game Outcome Generation: The server and client seeds are combined and used to calculate the result of the game. This calculation is done using a cryptographic hash function, such as SHA-256.
Verification: After the game is played, you can verify the fairness of the outcome. The server seed, client seed (if provided), and the result are made available. You can use this information to independently recreate the outcome calculation and ensure that it matches the result shown by the Bitcoin casino.
It’s important to note that the exact implementation of provably fair games can vary between Bitcoin casinos, but the underlying principle remains the same: providing a verifiable and transparent system to ensure fair gameplay. You can learn more about how the game mechanics works in this explainer video.
|Minimum deposit:||20 NZ$|
|Minimum deposit:||20 NZ$|
First, you can play live casino games at the best bitcoin casinos. These live dealer games allow you to interact with players from around the world and enjoy playing games that real dealers run.
A vast array of fantastic Bitcoin casino table games is available online. You can play Bitcoin roulette and Bitcoin blackjack, amongst others, and try to increase your casino fund.
If you enjoy playing slots, you’ll love the offerings at popular Bitcoin casino sites. These competitive games include slot game titles like Starburst and Gonzo’s Quest. The top crypto casinos even allow you to play progressive jackpots like Mega Moolah.
Most crypto casinos offer various dice games, including craps. You can navigate to the dice game section to find games you enjoy playing.
No crypto casino would be complete without offering many poker games. You can find it all at the best sites accepting Bitcoin deposits, from live dealer games to video poker.
Like other online casino sites, software providers are responsible for the games. Below are some of the top providers in the industry:
Just like slot game developers, there are a lot of developers in the market for provably fair games as well. Some of the most well-known are Spribe and Turbo Games. If you want to try out these games you can try the demo version before you start wagering real Bitcoins.
The team at Casinocrawlers is excited about the world of Bitcoin online casinos and crypto casino sites in general. We love how Bitcoin casinos offer great games while providing simple banking options for players in New Zealand. Bitcoin makes it easy for Kiwi players to transfer funds to a crypto casino securely and quickly.
An online Bitcoin casino will help people fund their accounts in moments, as it is quick to transfer Bitcoin to and from one of these websites. The free spins and other exclusive bonuses you can enjoy at a BTC casino are also excellent. Don’t forget about the vast assortment of Bitcoin games you can play, from slots and table games to live dealer games.
Be sure to look at what Bitcoin casinos offer and what bonuses are available to Kiwi players. Refer to our listing of the best Bitcoin casinos to see what’s available and what you can enjoy.
Most bitcoin casinos are legit, and we only ever recommend legitimate sites. The casinos on our list offer provably fair games and have licenses from gambling authorities like the UK Gambling Commission or the Malta Gaming Authority.
After you deposit your money with a bitcoin casino, the casino will convert that money to New Zealand dollars or casino money. All your wagers will be based on the casino currency of choice. You can convert your NZD back to BTC when you withdraw your funds.
A bitcoin transaction will succeed if you provide the proper QR code or address and use the right amount of money. The success rate for a bitcoin transaction will be greater than a bank transaction, as bitcoin uses a peer-to-peer approach with no go-between.
A bitcoin casino will not charge fees for transactions, but your bitcoin wallet might charge something. Check the terms of your wallet for details.
Bitcoin is by far the most popular cryptocurrency an online casino can use. Some casinos accept other currencies like Ethereum, Bitcoin Cash, and Litecoin.
You can purchase bitcoin through a cryptocurrency exchange. You'll need an e-wallet to facilitate the transaction and a payment method to fund your bitcoin acquisition.
Yes, you can use bitcoin to make bets on sports games. Most crypto casinos have a betting section where players can make bets. Check out our betting page for more info about betting with Bitcoin.
Yes, there are usually welcome bonuses available at bitcoin casinos. You may need to make a minimum deposit and complete the wagering requirement to claim this welcome bonus.
Noah is the senior content editor at CasinoCrawlers and a writer with many iGaming articles under his portfolio. Therefore, he is skilled at writing bonus guidelines, gambling strategies, and casino reviews. During his spare time, he enjoys playing Call of Duty and is a huge rugby fan.Read more about the author