Bitcoin Casinos: Legality, Safety, and the Best Bitcoin Casinos for NZ Players

Olivia Kim

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.

Best Bitcoin Casinos

What is Bitcoin and what are Bitcoin Casinos?

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.

What’s the technology behind Bitcoin?

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.

How are Bitcoin tokens produced?

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.

How is the value of Bitcoin determined?

Bitcoin’s value will vary, and many factors influence its fluctuating price:

How many Bitcoins can you have?

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.

What is a Crypto Wallet?

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.

bitcoin casino

How to Make a Deposit at Casinos with Bitcoin?

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:

  1. After choosing a Bitcoin online casino from the list above, you must set up your casino account. Enter all the necessary information and verify your Bitcoin casino account.
  2. Next, head to the casino cashier and choose the deposit option. Select Bitcoin or Bitcoin Cash as your payment option and copy the casino’s blockchain wallet.
  3. Head to your crypto wallet and start a transfer. Paste the casino’s wallet address into the recipient’s address.
  4. Enter the amount of bitcoin you wish to send to the crypto casino and hit ‘enter’.
  5. After you successfully deposit bitcoin, you’ll be able to start online gambling and play a vast array of crypto casino games. When you want to withdraw your funds, you must enter your wallet’s address at the casino side

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.

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How to Withdraw Money from Casinos with Bitcoin?

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:

  1. Go to the cashier section of your casino to initiate the withdrawal.
  2. Select the amount of money in NZD that you want to withdraw and choose Bitcoin as your payment method.
  3. Enter the unique BTC address of your crypto wallet.

The funds can take a few minutes to reach your wallet, but the Bitcoin should usually arrive within a couple of hours.

bitcoin casinos

Is it Safe to Use Bitcoin at Online Casinos?

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:

Why use Bitcoin at Online Casinos?

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:

Pros and Cons with Bitcoin Casinos

Bitcoin casinos offer a lot of advantages, but also have some disadvantages attached to them. Here we have listed the main ones.

Pros

  • Bitcoin payments are fast and easy to process since you don't have to wait for a bank to approve a transaction before you can play games.
  • You don't have to provide personal data to a bitcoin casino, as your bitcoin wallet address will only be visible when making a transaction.
  • The fees for processing bitcoin payments at bitcoin gambling sites are lower than the fees you'd spend handling payments through a card or money transfer service. Some bitcoin casinos won't charge you anything for a bitcoin transaction.
  • Some bitcoin welcome bonus offers and match bonuses are worth more to players than a standard deposit bonus.
  • A bitcoin casino offers the same games that you'd find at another casino. These include slot games, table games, and even sports betting.

Cons

  • The price of bitcoin is volatile and can change at any moment. This might discourage people from making a bitcoin deposit, as they could lose money while the bitcoin is stored in a wallet.
  • Some casinos that accept bitcoin may still prefer fiat currency payments. These venues may not be completely comfortable with bitcoin deposits just yet.
  • A casino could stop accepting bitcoin transactions at any time. You'd have to use a different withdrawal method if this issue happens.
  • The legal status of bitcoin and other currencies will vary by country. While bitcoin is legal in New Zealand, it may not be permitted in other countries, including some places where a casino might operate.
  • You must keep the data in your bitcoin wallet secure, or else you won't be able to facilitate bitcoin casino withdrawals or deposits as necessary.

Limits, fees and costs associated with Bitcoin

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.

Is there a withdrawal limit and what are the fees?

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.

Wallet Fees

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.

Transaction Fees

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.

Conversion Costs

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.

Volatility

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.

Other Limits and Fees associated with 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.

Bitcoin Apps

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 at Bitcoin Platforms

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.

How do We Rate the Best Bitcoin casinos?

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.

Casino Bonuses Available at Bitcoin Online Casino Sites

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.

Who created Bitcoin?

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.

Does Bitcoin disclose information to the tax authorities?

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.

Responsible Gambling with Bitcoin

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:

https://www.safergambling.org.nz/
https://gamblinghelpline.co.nz/contact

You can find more extensive information on our page about responsible gambling.

Online Casino Games at Bitcoin Casinos

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:

Provably Fair Games

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.

Spin Fever Casino

3.9 / 5

Pros:

  • Mobile-friendly platform with 1000+ games.
  • A lucrative welcome package with match bonuses and free spins.
  • 24/7 customer support is available through live chat and email.
  • Multiple payment options, including cryptocurrency.
  • Rewarding VIP program for loyal players.

Cons:

  • Restricted in some countries, including the United States.
  • No phone support is available for customer service.

Spin Fever Casino


Spin Fever Casino has a wide variety of Provably fair games, including the well-known Aviator game.
Learn more about bonus terms and conditions

  • The bonus must be wagered within 7 days
  • The bonus and the free spins winnings must be wagered at least 45 times
  • Not all game providers nor games count toward the wagering requirements
  • The maximum amount of Free spins is 50
  • The maximum cashout from the Bonus is $5,000 while the maximum cashout from the Free spins winnings is $2,000.
  • Players must wager $22,500 ($500 x 45) before any winnings from the bonus can be withdrawn.
Cash bonus with 1st deposit 500 NZ$
Free Spins with 1st deposit 50
Wagering requirements 45x / 45x
Terms and conditionsTerms and conditions apply. Play responsibly | 18+

50 Crowns

4.8 / 5

Pros:

  • Massive variety of live casino games
  • 24/7 customer support team
  • 100 free spins upon sign-up
  • Comprehensive self-limit options
  • VIP program.

Cons:

  • Shady licensing
  • Limited language support
  • Some pages are missing on the mobile device platform
  • Brief FAQ section

Wild Tornado


50 Crowns has a nice catalogue of Provably fair games, especially the SPACE XY is worth a try!
Learn more about bonus terms and conditions below:

  • Bonuses must be wagered within 3 days
  • The bonus and the free spins winnings must be wagered at least 40 times
  • Not all game providers nor games count toward the wagering requirements
  • The maximum cashout from the Bonus is $10,000
  • Players must wager $60,000 ($1500 x 40) before any winnings from the bonus can be withdrawn.
Cash bonus with 1st deposit 700 NZ$
Free Spins with 1st deposit 100
Wagering requirements 40x / 40x
Terms and conditionsTerms and conditions apply. Play responsibly | 18+

Bitdreams

4.3 / 5

Pros:

  • Extensive game library with over 6500 titles.
  • A diverse range of payment options.
  • Attractive Bitdreams casino bonus for new players.
  • Generous welcome bonus and ongoing promotions.
  • Incredible customer service via email.

Cons:

  • No mobile app is available.
  • There is no live chat feature.
  • Withdrawal limits could be restrictive for high rollers.
  • They have limited withdrawal methods.
  • Occasional technical issues with account settings.

Bitdreams


Bitdream has gathered some nice Bitcoin game titles from Bgaming including, Heads & Tails, Minesweeper and Scratch Dice
Learn more about bonus terms and conditions below:

  • The bonus funds expire after 7 days if the wagering requirement is not met
  • The bonus and the free spins winnings must be wagered at least 50 times
  • Not all game providers nor games count toward the wagering requirements
  • The maximum cashout from the Bonus is $1,000
  • Players must wager $40,000 ($800 x 50) before any winnings from the bonus can be withdrawn.
Cash bonus with 1st deposit 100 NZ$
Free Spins with 1st deposit 100
Wagering requirements 50x / 50x
Terms and conditionsTerms and conditions apply. Play responsibly | 18+

Live casino games

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.

Table games

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.

Slot games

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.

Dice games

Most crypto casinos offer various dice games, including craps. You can navigate to the dice game section to find games you enjoy playing.

Poker games

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.

Bitcoin Casino Software Providers

Like other online casino sites, software providers are responsible for the games. Below are some of the top providers in the industry:

Provably Fair Games Developers

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.

Conclusion about Bitcoin Casinos

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.

References

Bitcoin Casino FAQ

Are bitcoin casinos legit?

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.

Do I have to wager actual bitcoin when playing games at a bitcoin casino?

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.

Are all bitcoin transactions successful?

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.

Are there any fees for handling a bitcoin transaction?

A bitcoin casino will not charge fees for transactions, but your bitcoin wallet might charge something. Check the terms of your wallet for details.

Can a bitcoin casino accept other cryptocurrencies?

Bitcoin is by far the most popular cryptocurrency an online casino can use. Some casinos accept other currencies like Ethereum, Bitcoin Cash, and Litecoin.

How can I acquire bitcoin for a deposit?

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.

Do bitcoin betting sites exist?

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.

Can I get a welcome bonus at a bitcoin casino?

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.

Olivia Kim
Olivia Kim
Tech & Payments Expert
32 Articles
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Olivia is an experienced researcher and writer interested in everything relating to Tech and Payments. Olivia is a skilled software developer and uses her IT and programming skills to write accurate content about technical aspects and iGaming tech.

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