Bitcoin Casino Deposits - My experiences with Krypto Casinos

Author: Roy T.
You ask you which online casino Bitcoin accepts and holds a corresponding bonus?

Benefit from our experience and find here the 5 best Bitcoin casinos with the largest selection of games and the highest bonus offers.

Bitcoin Casino Bonus benefits rating To the casino
300€ Bonus
  • 1.500+ Casinospiele
  • Fast payments
  • Top Live Casino
4.90 ★ from 5
www.playamo.com 18+, only for new customers, up to € 300 bonus, minimum deposit € 20, wagering requirements 50x, winnings from free spins count as bonus credit
0.08 BTC +150 free games
  • Large selection of games
  • Including Spielo slots
  • Secure payments
4.80 ★ from 5
www.dasistcasino.com 18+, only for new customers. Bonus of 0.08 BTC + 150 free spins for a total of 4 deposits, minimum deposit: 0.004 BTC, bonus must be converted 50 times, the terms and conditions apply, not available in Schleswig-Holstein.
5 BTC +300 Free Spins
  • Best Bitcoin Bonus
  • Many promotions
  • Very many jackpots
4.65 ★ from 5
www.mbitcasino.com 18+, only for new customers. Bonus of 5 BTC € + 300 free spins for a total of 3 deposits, minimum deposit: 0.005 BTC, bonus must be converted 35 times in 30 days, the terms and conditions apply, not available in Schleswig-Holstein.
4 BTC +150 free games
  • Big bonus
  • Big live casino
  • Fast payments
4.60 ★ from 5
www.cryptowild.com 18+, only for new customers. Bonus of 4 BTC € + 150 free spins for a total of 4 deposits, minimum deposit: 0.005 BTC, bonus must be converted 60 times in 1 month, the terms and conditions apply, not available in Schleswig-Holstein.
5 BTC + 180 Free Spins
  • Big live casino
  • Secure payments
  • Very many slots
4.55 ★ from 5
www.bitstarz.com 18+, only for new customers. Bonus of 5 BTC € + 180 free spins for a total of 4 deposits, minimum deposit: 0.006 BTC, bonus must be converted 40 times in 7 days, the terms and conditions apply, not available in Schleswig-Holstein.

All casinos have been extensively tested by us and checked for a valid gambling license. The evaluation of the Bitcoin casinos was carried out using the same strict test criteria as for every other online casino in ours Best Online Casino List. As always, please note that there are various conditions attached to the bonus offers. Make sure you have read and understood it before accepting an offer. Have fun playing with Bitcoin!

The best Bitcoin casinos for Indian players

  1. Playamo (Top Bitcoin Casino Experience)
  2. Dasistcasino (Simple Bitcoin Casino Deposit)
  3. Mbit Casino (Best BTC Bonus)
  4. Cryptowild (Secure Bitcoin Payments)
  5. Bitstarz Casino (Bester Bitcoin Live Casino)

How to deposit with Bitcoin in a casino

The casino deposit via Bitcoin is a little different than with other payment methods. There are only significant differences in the individual steps, otherwise everything remains as usual. Anyone who is already familiar with sending Bitcoins will find their way around here very quickly. Just follow the steps listed here:

  • 1. Click on the cashier area in the casino
  • 2. For deposit, select the Payment Method Bitcoin
  • 3. Copy the BTC address or scan the QR code with the Handy Wallet
  • 4. In the own bitcoin wallet enter the address and confirm payment
  • 5. Wait until the transaction was confirmed in the blockchain
  • 6. The credit now appears on the casino account

The actual duration of the transaction depends largely on the payment confirmation on the blockchain. In the case of cryptocurrencies, the payments are first sent to the blockchain network, where the payment is checked by miners and added to the next block. Since with Bitcoin there is only a new block every 10 minutes, you have to wait at least as long for the payment confirmation.

How to recognize a good bitcoin casino

For those who are looking for a good bitcoin casino the question arises: What do you have to pay attention to? ”. As with the question of the best Indian online casinos in general, many criteria apply, such as the game selection or the bonus offer for new customers, also for Bitcoin casinos. The most obvious is the question of payment processing, but the range of games and security are also aspects that are influenced by the cryptocurrency.

Safe gamble with Bitcoin - how to avoid fraud

If you want to go safely to play in a reputable and fair bitcoin casino, you should first pay attention to the lucky license. Because in order to be able to obtain such a license, many runs must be fulfilled that make a manipulation of the games impossible. This is the fairness and seriousness of a provider. With a license, the game operation of independent institutes is regularly reviewed. This includes the evaluation of the score results and thus the calculation and publication of the payout rates of the provider. Furthermore, cooperation with player protection organizations is required to implement effective gambling addiction prevention.

Certainly only with a valid gambling license

In the early years of the internet, online casinos were like the wild west. There were no real structures or controls and anyone could do what they wanted. The quick money attracted like the gold rush and accordingly there were not infrequently frauds. Both gamblers and casinos quickly agreed that things couldn't go on like this. Then the first attempts to regulate this market were made. The aim behind this was to establish controls and processes that Prevent fraud and manipulation from both sides. In the last 20 years, a lot has happened to that way and today we actually have a robust gambling regulation. And after the freedom to provide services in Europe, there are also several EU regulatory bodies. Until then, there were only off-shore authorities, which could only offer limited protection.

Due to the very different legal situation in India, different authorities apply to Indian players. Schleswig-Holstein has introduced its own gambling regulation for internet games and so residents of this state are only allowed to play in online casinos that have received a license there (issued by the Ministry of the Interior, gambling department).

License registers of the most important regulatory authorities relevant for Indian players:

The rest of India is not that far along yet and has no regulation for online casinos, as they still adhere to the State Treaty on Gambling, which does not provide for games of chance on the Internet. Legislators argue that online gambling is illegal, but the EU Commission has already determined that in this case Suppliers from other EU countries tolerated Need to become. The largest EU regulatory authority issued licenses for about 80-90% of all EU casinos is the Malta Gaming Authority. Another important authority is the Gambling Regulatory Authority in Gibraltar.

You can see which authority is responsible for the respective Bitcasino by the logo on the website of the casino provider. The logo there is usually linked and leads directly to the license on the regulator's website. So you can find out with one click whether the license is current and valid.

Checks by approved test laboratories

The authorities have approved a number of companies that inspect the casinos at regular intervals. During these controls, all stakes and winnings are analyzed and the payout rates are calculated and published in the respective period. At this point, at the latest, deviations in regular game operations become apparent. You can also find the responsible test laboratory on the casino's website. The best known companies in this field are:

Cooperations with player protection organizations

Another prerequisite for obtaining a license is the cooperation with a non-profit organization for the prevention and control of gambling addiction, also known under the name "Problematic gaming behavior". The “Responsible Gaming” campaigns are intended to implement processes and measures that protect the player and give him the opportunity to set his own activities or limits. Self-exclusion on the part of the player is also possible and the casino is trained to recognize and prevent slipping into problematic gaming behavior. The player is offered several s for support and advice. In India, this is mainly due to:

What bitcoin casino games are there?

Essentially, you can play all casino games with Bitcoin, because the games have been programmed flexibly and support virtually all currencies. In addition, it can happen that you deposit with Bitcoin, but the casino account is still managed in euros. Whether you end up sitting at the table or machine with Bitcoin or euros then no longer matters.

The most popular Casino Games for Bitcoin User are:

Most providers also have all other Bitcoin casino games such as video poker, craps, casino poker, scratch cards (scratch cards) and many more.

Bitcoin Slots - Best slot machines with the highest payout percentages

Slot machines are the most played Bitcoin games. When asked which of the many hundred Bitcoin slots that exist in an online casino, should you play? Apart from certain topics, which like a particularly good, an important point is always the payout rate of the machine. The higher this payout rate, the lower the house advantage of the casino. So average is gaining more and loses less. Here you will find The best bitcoin slots with a particularly high payout rate And in which casino you can find this.

Bitcoin Slot RTP Variance Min. Use Available At:
Wizard of Gems 97,66% medium 0,05€
Lucky Blue 96,96% low 0,01€
Agent Jane Blonde Returns 96,45% medium 0,10€
Wild Dragon 96,00% low 0,05€
Satoshis Secret 96,00% high 0,01€

Slot machines are not only exciting and entertaining casino games that offer high payouts, they can also be used very well to unlock the welcome bonus. More information on this as well as recommended offers can be found in the section Bitcoin bonus.

Bitcoin Roulette Casinos

Roulette is the most popular table game in India and can also be played with Bitcoin. All you need is a casino with Bitcoin deposit, but for a really good Bitcoin Roulette casino you need a particularly large and varied selection of kettle games. This includes not only software-based games (so-called RNG games), but above all those popular today Live Dealer Spiele. For roulette players, this bitcoin casino is particularly recommended:

  • 83 Roulette Games
  • First class live roulette
  • High table limits
5 BTC +250 free games for 3 deposits
* 18+, only for new customers. Bonus of 5 BTC € + 300 free spins for a total of 3 deposits, minimum deposit: 0.005 BTC, bonus must be converted 35 times in 30 days, the terms and conditions apply, not available in Schleswig-Holstein.

The selection of roulette games leaves little to be desired. There are many different roulette variants, both as RNG and as a live variant and both bet and deposit limits with Bitcoin set Low Stakes Player as well High Roller satisfied. The Bitcoin bonus does not need to hide from other Bitcoin online casinos.

Play blackjack with bitcoin

The most popular card game of chance can be played with Bitcoin, as can slots or roulette. Online blackjack not only has the advantage of depositing Bitcoin, but also the many varied game variants. A good Bitcasino often has more than 20 different blackjack games on offer, the many live blackjack tables with real dealers. If you want to play with the largest cryptocurrency, you should choose the following Bitcoin Blackjack Casino:

  • 74 blackjack tables
  • Many live games
  • Wide limits
5 BTC +180 free games for 4 deposits
* 18+, only for new customers. Bonus of 5 BTC € + 180 free spins for a total of 4 deposits, minimum deposit: 0.006 BTC, bonus must be converted 40 times in 7 days, the terms and conditions apply, not available in Schleswig-Holstein.

The game selection for blackjack in this Bitcoin casino is above average. There are many game variants to discover and the limits are very wide, so that every player will find the right betting limit for themselves. The live blackjack games are also among the best, even if the minimum stakes are slightly higher than for the purely software-based games.

Recommended Bitcoin Live Dealer Casinos

Who is not so interested in slot machines, for which the live dealer area of a casino will probably be the decisive criterion for a particular provider. For Bitcoin User, the selection is not as big as for the usual payment methods, because unfortunately not every online casino bitcoin has yet to be available as a payment method. But despite limited selection, there are Excellent Bitcoin casinos with real live dealers like this here:

  • 171 Live Games
  • Tables with BTC inserts
  • Best quality
550€ +350 free games for 3 deposits
* 18+, only for new customers, up to € 300 bonus, minimum deposit € 20, wagering requirements 50x, winnings from free spins count as bonus credit

These Bitcoin casino games with real dealers come from the market leader in this field: Evolution Gaming. This not only gives you the largest selection different live dealer casino games In different variants, this provider also qualitatively has the best streams. There are also the new Games Dream Catcher, Monopoly Live and the dice game Sic Bo. Roulette and blackjack players have the largest selection of different tables with different betting limits anyway.

The best bonus offers for Bitcoin deposits

The welcome bonus is one of the biggest features for new customers in an online casino, because it offers the opportunity to significantly increase the game balance for the start. But not every casino offers one Bonus for bitcoin deposits. Some support deposits with cryptocurrencies, but keep the casino account and bonus in euros. Even if these Bitcoin casinos are recommended without restriction, Bitcoin bonuses offer significantly higher bonus amounts and deposit limits. The following providers offer a real Bitcoin Casino bonus:

Bitcoin Casino Welcome bonus Free spells Sales claim validity
5 BTC 300 35x Bonus 30 days
5 BTC 180 40x Bonus 7 days
4 BTC 150 60x Bonus 1 month
0.08 BTC 150 50x Bonus 7-14 days

Even if the selection of Bitcoin Casino bonus offers is already quite good, the situation here will improve significantly in the coming months and years. Bitcoin is establishing itself more and more than Payment option in online casinos and the competition for new Bitcoin players will lead to even more generous offers.

Putting and withdrawal limits and transaction time

As a user of crypto currencies in general and Bitcoin in particular, you already know that payments are different than with the known credit cards or e-wallets. Because payments are first sent to the respective blockchain network and confirmed there, deposits in casinos are not available immediately, but at the earliest when the payment is listed in the next block. This can take different lengths of time depending on the block time, with Bitcoin this is comparatively long at 10 minutes. The duration of the deposit can therefore not be clearly stated and lies always between a few minutes and half an hour. If there are a lot of transactions in the Bitcoin network and you have only set a very low Bitcoin fee yourself, it may well happen that the payment takes even longer. There are no further delays in making a deposit at the casino itself. If the payment is listed in the blockchain ledger, it will also appear directly on your casino account.
Bitcoin Casino Bitcoin deposit limit Disbursement Deposit period Paying period
0.0003 BTC No limit up to 30 minutes 2-3 business days
0.0003 BTC 3 BTC per week, 10 BTC in 30 days up to 30 minutes 2-4 working days
0.0001 BTC No limit up to 30 minutes 2-3 Days
0.0001 BTC 0.001 to 10 BTC up to 30 minutes 1-3 days

With the payouts, the same problem applies, with a small additional exception. Regardless of the method of payment used, the casino must fulfill the conditions for money laundering prevention. For this purpose, the identity of the player must be detected undoubtedly, which usually happens via a badge copy. In addition, it must be checked whether any open bonus conditions preclude the disbursement request. All this requires something administrative effort on the part of the casinobut this does not take longer than one to two days for the first payout. The transaction is then triggered and then takes the usual 5 to 30 minutes again. There are usually no fees from the casino, but the casino also has to pay a fee to the Bitcoin network (for the miners), as the player has already done when making a deposit.

Online casinos have one more rule to consider. Also as a requirement for money laundering prevention, the payment may only be made in the same way as the payment. Only if this is not technically possible will the payment be made to the bank account as an alternative. Therefore it can with deterministischen Wallets (e.g. Trezor, Electrum, Carbon Wallet) with changing addresses it can be more complicated to prove that this address belongs to you. This is one of the reasons why cryptos have not yet become widely accepted in casinos. Here I would give the Support des Bitcoin Casinos Contact and ask if there are problems with hierarchical deterministic wallets (also called HD wallets) and whether it is better to pay with a non-deterministic wallet (e.g. Bitcoin Core).

Casino software with BTC support

Online casinos can not only be selected based on the preferred payment method, the software also largely determines which games you can play at all. The question is not whether a software contains slot machines, roulette or blackjack games - because all of them do that without exception - this is mainly about individual, particularly popular game titles. Each software has its own portfolio, which includes the games of several game manufacturers. I would like to briefly introduce the largest and most important ones here.

Microgaming Casinos

Microgaming casinos are very popular for several reasons. On the one hand, they have a large number of slot machines, some of which have licenses from film and television. Here you can find, for example, the Game of Thrones video slot, Terminator, Jurassic Park and many more. There are also a good number of classic slots with 3 reels, which is rarely the case with other providers. Further highlights are the progressive jackpots, above all the Mega Moolah Jackpot Slot. This is the current record holder for online slots with a record winnings of around 20 million euros. Unfortunately only a few Microgaming casinos offer a Bitcoin deposit, one of the few exceptions is this Bitcoin Casino with Microgaming games:

550 € Bonus Package Incl. 250 free spins
* 18+, only for new customers, up to € 300 bonus, minimum deposit € 20, wagering requirements 50x, winnings from free spins count as bonus credit

Other highlights of the Microgaming software are the many blackjack games and video poker machines. No other casino software has more games in these categories. Roulette is a bit underrepresented here, but kettle players will find at least the three classic games (European, French, American) as well as some other variations of these.

NetEnt casinos for the cryptocurrency

Casinos with NetEnt games are among the most popular. The reason for this are the technically very high quality and varied slot machines that are unparalleled in the industry. With almost every new slot there is something new, the ingenuity of the developers seems to know no limits here. At NetEnt you will not only find unusual bonus rounds and unique features, but also many famous million jackpots like Mega Million (record € 17.8 million), Arabic Nights or Hall of Gods. Bitcoin deposits are only offered at a few NetEnt casinos so far. The best Bitcoin NetEnt casino in my opinion is:

100% bonus bus 200 € +50 free games
* 18+, only for new players, 100% welcome bonus up to € 200 is valid for 1st deposit, bonus code: 50GRATIS, min. Deposit: € 10, bonus money from free spins is valid for 7 days and must be wagered 40 times.

Netent also has Live dealer games, but they can not keep up with the quality and quantity of slot machines. Compared to Evolution Gaming and Playtech, the provider is clearly back. If you put a lot of value on Live Casino Games, I recommend you instead of looking for Netent, one der Top Bitcoin Live Dealer Casinos Select to select Games with Evolution Gaming.

Customer service in BTC casinos

Customer service is always an issue. In addition to good accessibility and Indian-speaking employees, Bitcoin Casinos is primarily concerned with crypto-currency expertise. When it comes to problems and questions about wallets, there are many small details that a support employee should know in order to be able to provide adequate help. These are questions like:

In general, I recommend studying the topic of crypto more intensively and gaining a bit of experience before Bitcoin gambling. But I assume that most of you have done this before you do searched for bitcoin casinos have.

Other bitcoin games - more than just casino games

The gaming market is very broad even without Bitcoin and almost all forms of gambling are also available online. But the same applies here as with the online casinos: a nationwide one Bitcoin payments availability ist auch bei Sportwetten & Co noch nicht gegeben. Wir haben aber für jede Form der Online Glücksspiele zumindest den ein oder anderen Anbieter finden können. Dabei ist auch der Zahlungsdienstleister Neteller hilfreich, der Bitcoin (und weitere Kryptowährungen) als Zahlungsmittel für das Aufladen des Neteller Kontos akzeptiert. Die Neteller Einzahlung im Casino erfolgt dann allerdings auch wieder in Euro. Allerdings ist das nicht überall möglich, haltet bei den Casinos nach der Zahlungsoption Bitcoin by Neteller Ausschau.

Bitcoin sports betting

Sports betting providers are endless on the net, but Bitcoin is also the exception among online betting providers. Deposits with the cryptocurrency are therefore primarily only possible via the aforementioned e-wallet Neteller. This virtual wallet is similar to that of PayPal, in contrast to the industry leader, is available at virtually all betting portals. However, the best online sports betting provider with Bitcoin by Neteller is:
100% bonus bus 200 € +50 free games
Play Now!
* 18+, only for new players, 100% welcome bonus up to € 200 is valid for 1st deposit, bonus code: 50GRATIS, min. Deposit: € 10, bonus money from free spins is valid for 7 days and must be wagered 40 times.

This betting provider has one Huge selection of sports betting aus vielen Ligen und einer guten Auswahl an Wettmärkten. Die Live Wetten können sich ebenfalls sehen lassen und bieten vergleichsweise hohe Quoten. Somit hat man hier alle wichtigen Punkte für einen guten Wettanbieter erfüllt und obendrauf ist über Neteller sogar noch die Einzahlung mit Bitcoin & Co möglich.

Online poker sites with Bitcoin

The poker market has changed significantly in recent years. On the one hand the big poker boom is over, on the other hand the market has consolidated strongly towards PokerStars Vegas. In addition to the top dog, there are a few other poker rooms and entire poker networks (e.g. iPoker from Playtech), but their player numbers are hardly anything for serious poker players. But if you are an ambitious recreational player looking for a Bitcoin poker room, you can definitely try NetBet Poker.

200% bonus bus 1,500 € +50 free games
Play Now!
* 18+, only for new players, 100% welcome bonus up to € 200 is valid for 1st deposit, bonus code: 50GRATIS, min. Deposit: € 10, bonus money from free spins is valid for 7 days and must be wagered 40 times.

NetBet is a poker room on the iPoker network. The network is roughly the size of PokerStars Vegas' size, which is still enough to find enough cash game tables during prime time. There is also Big tournaments every day with guaranteed prize money and on Sunday there is a new Sunday Special almost every hour. Since professional players tend to play on PokerStars Vegas / FullTilt, the competition at iPoker is somewhat weaker. However, the overall level of the players is significantly higher than it was 10 years ago.

Lottery games with coins

Lottoland and Tipp24 are the most popular online lottery websites in India. However, these have the disadvantage that virtually no alternative means of payment are accepted - either you can only pay in by bank transfer or credit card. But NetBet is also an excellent alternative for online lotteries with Bitcoin.
€ 200 Casino Bonuses +50 free games
Play Now!
* 18+, only for new players, 100% welcome bonus up to € 200 is valid for 1st deposit, bonus code: 50GRATIS, min. Deposit: € 10, bonus money from free spins is valid for 7 days and must be wagered 40 times.

At NetBet you can easily participate in many European and worldwide lotteries. Here you can not only play the Indian or Spanish 6 out of 49, but also the EuroMillions or the American Mega Millions or Power Ball.

Bitcoin & Daily Fantasy Betting

In the US, daily fantasy betting is already big business, but still rather unknown in Europe. The established American providers are currently not accepting Indian players and the few portals that focus on the European market and football do not accept Bitcoin as a payment method. As soon as something changes, we can recommend a trustworthy provider here - until then you can with online sports betting Experience a lot of fun and tension.

Dice game pages

Another form of gambling is the simple game of dice, which in this country is only known from films when backyard gangsters pass the time. There are also a few websites for this, the number of which is rather manageable. However, at this point I can No providers yetas I have no experience with this type of gambling site. I therefore ask for a little patience.

Benefits of using Bitcoin

Bitcoin is not the easiest of all payment methods, so why do casinos and gamers want to use this payment option? Here I would like to list a few good reasons why it makes sense to use Bitcoin and other cryptocurrencies for gambling.

The great independence and the low additional costs are offset by some disadvantages that cloud the use (especially for new Bitcoin owners). Much of it is negligible with some experience in the field of cryptocurrencies.

Disadvantages of payments with coins

A major disadvantage for Bitcoin is that it is accepted as a means of payment, but not as a currency. A currency has the characteristic of being accepted everywhere as an official means of payment. Since this does not apply to crypto currencies, their acceptance is only optional and not nationwide.

The biggest stumbling block for beginners in our Bitcoin Casino experience is understanding the importance of the keys. The key pair consisting of private and public key is the only way to access a credit that is stored in the blockchain under a specific address. Anyone can see the balance of every address (public key) that has ever been used in the blockchain, but only those with the correct private key can access it. Of the However, the private key cannot be changed or reset like a password. If the key gets into the wrong hands, there is no protection for your credit at this address. If you lose this key, you cannot restore it because of the cryptographic process. It is therefore strongly recommended to back up the key pair.

Alternatives to Bitcoin deposit

How to have already determined above Bitcoin at online casinos still the exception rather than the rule. However, there are many good and easy means of payment for online gambling, of which the good old credit cards are the most common. But prepaid cards or mobile payment by mobile phone bill are also possible.

Bitcoin alternative Payment method Account required Deposit Payout
Skrill E-Wallet and and and
Visa Credit card and and and
Mastercard Credit card and and No
Paysafecard Prepaid card No and No
Neteller E-Wallet and Yes (Opt. With BTC) and
Giropay, immediately Instant Banking and and No
Paybyphone Mobile phone bill and and No

Each of these payment methods has its own advantages and disadvantages, which I would like to illuminate in detail with a review elsewhere. In a nutshell: E-wallets are the easiest because payments can be carried out the fastest and with the least amount of input - and withdrawals are always possible. Prepaid cards have full cost control, do not require an extra account and prevent impulsive deposits. To do this, they have to be purchased in a shop and you cannot receive any money yourself. Instant banking is very fast, but has to be set up with accounts and TAN lists and does not allow any payments. Credit cards are widespread, have high limits, but are most at risk. As soon as third parties gain access to the card's data, there is hardly anything in the way of misuse and the card has to be blocked or a new one issued first.

Background information: How cryptocurrencies work

Cryptocurrencies are a completely new concept for means of payment, the details of which are not yet properly understood by many. Overall, the topic is very complex, but I would like to go into a few points here.

What is Bitcoin anyway?

Bitcoin is one Decentralized means of payment, which exists as a peer2peer network on the Internet. In the blockchain, the so-called ledger, all transactions are publicly listed in blocks. A new block with current transactions is added every 10 minutes. Cryptographic encryption mechanisms prevent the entries from being changed afterwards. Anyone can use Bitcoin at no cost. Using so-called wallets, you can create and use any number of accounts (Bitcoin addresses / public keys) yourself at no cost. Bitcoins itself must either be bought in an exchange and sent to your own wallet, or you can take part in Bitcoin mining (not recommended for beginners).

Important cornerstones for the new financial instrument is decentralized, at which no institution or government has control over transactions and funds. At the same time, there is a technical limit for the maximum number of Bitcoins issued (21 million), which is intended to prevent future inflation. The smallest possible unit is the so-called satoshi, 100 million satoshi make up one bitcoin.

Who invented the alternative currency?

As an inventor is Saddle known. However, nobody knows who is really behind this name, even if there is an official paper to Bitcoin as a decentralized currency. On the one hand, this promotes the rumors to him as a person as well as to his motivation to the invention of this revolutionary concept, which has the potential to make the global financial system belonging to the head. You can only speculate about the true reasons and maybe you will never really find out.

BTC price development - is it worth investing?

It is difficult to predict, especially when it comes to the future. The last few years have shown that Cryptocurrencies certainly have the potential, sich als parallele Zahlungsmittel zu etablieren. Gerade im schwankenden Finanzsystem, welches mit massiven Gelddrucken, Negativzinsen und Bankenpleiten Sorgen bereitet, können Kryptos sich als sicherer Hafen für seine Guthaben entwickeln. Das hat das Potential für enorme Gewinne, wenn man jetzt schon signifikant in Bitcoin & Co. Investiert. Es ist aber nicht sicher, dass es auch so kommen wird und dass ein Großteil seiner Investition verloren ist. Gleichzeitig hat sich das Konzept des Mining und die Block Time und Blockgröße als nicht Massenmarkt-tauglich erwiesen. Hier haben sich in den letzten Jahren mehrere Alternativen etabliert, die diese Nachteile von Bitcoin verbessern.

The future - will crash crypto currencies?

There is no answer to this question, no one can see into the future and there is both Arguments for a crash as well as for a success. Eine Prognose kann und möchte ich daher nicht abgeben. Wenn ihr euch aber für die Zukunft von Bitcoin entscheidet, kann ich wie bei jeder Investitionsart nur empfehlen, sein Kapital zu streuen. Das bedeutet man sollte nicht alles in Kryptowährungen investieren und auch nicht alles ausschließlich in Bitcoin. Trotzdem bleiben Krypto´s eine interessante spekulative Anlage für diejenigen, denen das langfristige Vertrauen in unser aktuelles Finanzsystem fehlt und glauben, dass Bitcoin & Co. eine nicht manipulierbare Alternative darstellen könnten.

Other cryptocurrencies - which ones can you use to deposit in the online casino?

In Bitcoin casinos you can no longer deposit with BTC only. Some alternative cryptos that already have a very high market capitalization are also often accepted as a form of payment. Some prominent examples are Ethereum, which has become big and well-known and big thanks to the features of smart contracts and tokens, or Ripple, which was developed as a balancing instrument for the large international financial market. Nevertheless, every user who has this (and other) coins can deposit in a casino that accepts the respective crypto currency.

  • Ethereum
  • Litecoin
  • Ripple
  • Bitcoin Cash

Which crypto currency you ultimately use for the deposit in an online casino does not matter. But you should always consider the possible price fluctuations. Because there is no point in doubling the balance in the casino if the rate halves in the same time.

Conclusion: Bitcoin gambling is still a niche

The already quite good spread of Bitcoin, both with users and casinos, cannot hide the fact that payment in online casinos with crypto currencies is still a niche existence. Very few of the large and established casino providers even offer the possibility of making a crypto deposit via Neteller, which then appears as a euro amount on the casino account. Of the Bitcoin casino market is therefore tilled by rather unknown casinos, which are now making a name for themselves in the industry - and the game offers This reputable bitcoin casinos do not need to hide from the big ones! Unfortunately, legislators and regulatory authorities are still having a hard time with crypto currencies, which is mainly due to the status as a means of payment and not as a currency as well as the difficult (but not impossible) money laundering prevention.

But on the other hand, there are already some Bitcoin casinos - and there are even some very good ones that also have one real bitcoin bonus and where the games are also billed in Bitcoin. If you as an experienced Bitcoin user already know the peculiarities and first stumbling blocks of this payment method and know how to use them, nothing stands in the way of a Bitcoin Casino deposit.

advantages and disadvantages
  • Independently
  • Low fees
  • Very high bonuses
  • High security
  • Large selection of games
  • Future-oriented
  • No instant payments
  • Still in development
  • High price fluctuations

The initially cautious trend will continue. The cryptocurrencies themselves still need some time to be fully used as a means of payment. The BTC Casinos but will be faster to attract customers with this more or less unique selling proposition. For gamblers using Bitcoin, things will go up significantly in the near future, because not only my personal Bitcoin casino experiences were consistently positive.

frequently asked Questions

Due to the already restricted distribution of Bitcoin and other cryptocurrencies in online casinos there are accordingly many questions from the players. Here I would like to answer some of them for you and thus give further insights into this topic.

👨🏿⚖️ Is playing with Bitcoin legal?

The legality of gambling depends primarily on a valid gambling license and does not depend on the currency used. If the authorities can trace money flows with a payment method in the course of money laundering prevention - and this is the case with Bitcoin - this is the case Use for gambling completely legal.

🛡️ Is a Bitcoin casino safe and reputable?

Here, too, the answer is: A Bitcoin casino is safe and reputable if the casino is licensed, the payment method used is irrelevant. If the provider has a gaming license, he has already taken all steps necessary to provide evidence of transparency and security to the regulatory authority in order to obtain this. Here you can find out How to recognize a reputable provider.

⌛ How long do Bitcoin payments take?

Deposits depend largely on the Bitcoin network and the block time. Every 10 minutes, a new block with the last verified transactions is added to the blockchain. Only when the payment has been listed in the blockchain is it considered final. This takes a while typically between 5 and 30 minutes. If there are more transactions pending that do not all fit into the next block, the payments with the higher fees are preferred first. Therefore it can happen that it takes longer if the fees are set very low. Modern wallets can scan the Bitcoin network for capacity utilization and suggest the amount of the fee.

🕵️ Are Bitcoin payments anonymous?

No, even if the individual Bitcoin addresses look very cryptic and no names appear, Bitcoin is not anonymous. Every transaction is publicly visible and money flows can be clearly traced from the beginning of the blockchain. Addresses can be assigned to persons via all possible points from payments. Bitcoin exchanges or online casinos, for example Determine the identity of your customers (KYC)If something is bought online somewhere, there is always a delivery address, if you receive money on your wallet, you have already shared the address with someone. It is sometimes a bit more difficult to find out, but complete anonymity is by no means given with Bitcoin.

⛏️ How do you mine bitcoins?

With a lot of technical effort. In mining one performs cryptographic calculationsto confirm payments for the network and add them to the next block. All miners are in a "competition" as to who first finds the valid solution for the current block - because only this one miner receives the so-called block reward (currently 12.5 BTC) all fees for the respective transactions. That's why you need computing power, a lot of computing power, which also requires a corresponding amount of electricity. The hardware required for this itself has meanwhile been specially designed and optimized for these calculations; a standard PC with very expensive graphics cards is no longer considered profitable. For the fast bitcoin casino deposit it is usually easier to simply exchange Bitcoins in an exchange at the current price.

💱 Is BTC an official currency?

No, Bitcoin is nothing more and nothing less than a means of payment. As long as two parties can agree, business can be done with anyone (provided it does not violate various laws). So theoretically I could sell my car and accept eggs, pearls or shells as "currency". On the other hand, I shouldn't accept slaves for obvious reasons. In contrast, a currency is an officially defined means of paymentthat MUST be accepted. If I am asked to pay something, the other side MUST accept euros in India - but MAY also use other payment options if they agree. When a Casino Bitcoin accepted, you can also use this payment method legally.

🛅 What happens if I lose my cell phone and therefore my wallet?

If you have previously backed up your public and private keys, you can continue to use any other wallet on any device Access your credit. If not, you will lose your balance forever. The thief or finder of your smartphone may still be able to access your mobile phone wallet if it is not specially protected by a password. Here you can find more information on how Bitcoin works.

💸 Can I receive Bitcoins if my PC or mobile phone is switched off?

And. You can also receive money with PayPal when you are not currently online. A bank transfer will also be carried out if you are not at the counter of your bank. Only with cash payments is it advantageous to be present in person. With Bitcoin, transactions are recorded in the blockchain. There is no need for any action on the part of the recipientexcept to give his address to receive money beforehand Here there are more details on Bitcoin withdrawals.

👍🏼 What does Provably Fair Gambling mean?

The translation means: "Verifiably fair gaming". Behind this is a mechanism that makes the game results for casino games transparent and at the same time not manipulable. Similar to the blockchain, everything is logged and cannot be changed afterwards. If somehow the game results have already been manipulated, this is clearly recorded and can be proven on the basis of different payout rates become.

🌎 Are there regional restrictions for Bitcoin casinos?

There are only restrictions in countries that have expressly banned Bitcoin as a means of payment. Fortunately have only a few countries restrictions, even if two heavyweights, China and India, have currently restricted the use of Bitcoin. Bitcoin is currently only completely illegal in Algeria, Bolivia, Saudi Arabia, Afghanistan, Pakistan, Bangladesh and Vietnam. On Bitcoin Casino knows, based on your place of residence, whether it can legally offer you this payment method.

🔎 Can I play anonymous with Bitcoins?

No. Bitcoin is neither anonymous nor does an online casino receive a license if it allows anonymous games. The The identity of the player must be clearly provento actively prevent money laundering. But that doesn't mean that you have to play with your real name in public. Of course you can choose any user name that you use as a pseudonym in the games.

👛 Do I need your own bitcoin wallet to play?

Not necessarily, although this is actually clearly recommended. Theoretically, you can open an account in a Krypto Exchange and buy Bitcoin there. You can access the Bitcoin address created for this purpose, but it does not belong to you because only the Exchange has private key for it. In the web interface of the stock market you can but the bitcoins directly an das Bitcoin Casino send. The payout from the casino can be done technically without any problems on the stock exchange, where you can exchange the bitcoins back into euros.

₿ How do you get bitcoins?

Essentially, these are three ways:

  • You can easily buy bitcoins on an exchange
  • You receive a Bitcoin payment on your wallet
  • You take part in mining and hope for a block reward

The mining of Bitcoins nowadays happens in so-called Mining Pools. These are many miners that match their computing power to increase the chance of the Block Reward. This block Reward (currently 12.5 BTC) is divided among all participants based on their proportion of computing power. The easiest way is Bitcoin in one Exchange (Krypto-Börse) To buy the current price. Mining takes much too long, the bitcoins for a casino deposit to work out.

⭐ What makes Bitcoin so special?

Bitcoin was The very first crypto currency with the innovative concept of a decentralized means of payment. This of course made BTC very famous. Otherwise, apart from its technical details, there is nothing special about Bitcoin. Other cryptocurrencies are based on the actual idea of the blockchain, but eliminate the fundamental disadvantages of Bitcoin such as the limited block size or the very long block time and add additional functionalities such as smart contracts, real anonymity or enable an enormous throughput of transactions that enable a worldwide Means of payment required. More details about Bitcoin Do you find here.

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