Knowledge base | Crypto Casino

It is debatable whether bitcoin casinos are legal in your country. In most cases, the correct answer to this question is that bitcoin casinos are not illegal. The rules around crypto are changing rapidly, usually moving towards a more crypto-friendly position as governments begin to appreciate the benefits of adopting crypto.

Even when gambling is not covered by the laws of the territory, most regulators almost never go after the player himself; instead they sue the gambling service provider.

Good question, and you've already been reading our cryptocurrency casino reviews so you're well on your way. In our opinion, Bitstarz together with Cloudbet is the best crypto casino of April 2022. In addition, I have a number of favorites, which you can find in detail above, or you can take a look at all casino reviews.

My personal favorites are Cloudbet, mBit casino, stake.com, crypto.games, 7bit casino, Bitstarz casino, and Crypto.games. You will discover many more on the website depending on which game you like the most (slots vs blackjack vs roulette vs live dealer games) and which cryptocurrency you wish to play (for example SOL or Solana).

Crypto gambling introduces some new aspects that you would not normally find in a regular casino. Some notable advantages of gambling with crypto are:

• You are the only one who manages your money in the Bitcoin wallet. No one can freeze your cryptocurrencies or take them out of your wallet.
• Bitcoin transactions are fast. Usually, Bitcoin gambling sites accept Bitcoin transfers immediately, but the final confirmation of the transfer is completed in 5 – 30 minutes. It depends on how many transactions are in the mempool.

Withdrawals are also fast and some crypto casino sites have almost instant withdrawals. Some casinos insist on performing KYC before making your first withdrawal, which takes a little extra time.

Bitcoin (BTC) is the most used, in most crypto casinos you will also find Bitcoin Cash (BCH) and Ethereum (ETH), Dogecoin (DOGE) is also gaining popularity. Many casinos also allow you to use other, less popular altcoins.

Nowadays, even if you don't have crypto, you may be able to buy it directly in the casino because of its integration with payment gateways such as moonpay or ramp that allows you to pay with Visa, MasterCard, Google Pay or Apple Pay and receive crypto directly from your account (check the exchange rates! Sometimes they are very unfavorable with those gateways.)

If you do not want to use Bitcoins, you can also gamble with Altcoins such as Ethereum, Litecoin, Bitcoin Cash, Dogecoin or Dash. Here are my special articles on cryptocurrency gambling:

• Ethereum Gambling Sites
• Litecoin gambling sites
• Bitcoin Cash Gambling Sites
• Dogecoin gambling sites
• Dash Gambling Sites

Playing with your cryptocurrency is usually not a problem these days. In general, there are plenty of opportunities to gamble with altcoins.

Yes, you can gamble with less popular coins. Here are some examples:

• For example, Crypto Games has support for: Monero, Ethereum Classic, Dash, Gas, Stratis or Peercoin.
• FortuneJack casino has support for Dash, Monero and Zcash.
• DuckDice supports more rare coins such as Dash, Monero, Ripple, Ethereum Classic and Bitcoin Gold.

Most crypto casinos are licensed by Curacao. Better than no license at all, but not as reliable as, say, the Malta Gaming Authority (MGA) license. Be sure to do your due diligence on a site like ours or trustpilot.

Yes, there are a few casinos operating in Malta that accept cryptocurrencies and do so fairly. Most crypto casinos have some arguably fair games, but popular providers like NetEnt, Pragmatic Play or Evolution Gaming rarely offer these.

Most casinos usually only allow you to withdraw your winnings using the payment method you used to make the deposit. It is not to make your life more difficult, but to prevent money laundering.

There are also drawbacks to using Bitcoin in gambling or in general. -The price of Bitcoin in 2022 is still quite volatile and you don't know which way it will go in the coming weeks or months.

Bitcoin is an experimental currency and you need to know a bit about wallets and transactions. -Only you control the money, so there are no chargebacks or reversals!

Because Bitcoin is untraceable, cryptocurrencies are often used in criminal activities. This can lead to government-level cryptocurrency restrictions.

Bitcoin was the first cryptocurrency founded in 2008 by a mysterious pseudonymous character or developer group named Satoshi Nakamoto.

The domain Bitcoin.org was registered on August 18, 2008. Later that year, on October 31, the whitepaper for Bitcoin was released. This white paper explained how the peer-to-peer electronic money system worked.

The entire Bitcoin runs on decentralized computers (called miners) that verify the contents of each Bitcoin wallet and the transactions. As of 2022, no one will know the true identity of Satoshi Nakamoto. There are many guesses about the case, but nothing more.

Our site features casinos that have been thoroughly audited and known, although it is not a bad idea to research the history of the casino.

You can also read the user reviews and ratings on my site, and check out the Bitcoin gambling section of the Reddit message board to see if there are experiences with the casino you are looking for. Multiple user experiences usually help you make a decision.

In online gambling, arguably fair casinos or casino games have an algorithm that can be analyzed. The result tells whether the bet was fair (random) or not. So you don't just have to rely on the word of the casino.

In general, the casinos listed on my site are trusted and known for being fair - even if the games were not provably fair. But of course you cannot 100% know for sure, there are many online casinos that are more or less scams.

What is demonstrably fair Bitcoin gambling? Imagine a situation: Your friend asks you to bet on a normal 6-sided die that he or she rolls. If you get 4 or more, you get your money back twice. How do you know if your friend is cheating or if the throw is fair?

If the throw was demonstrably fair, you can check the fairness of the throw afterwards. In the real world this is obviously not possible, but in online casinos arguably fair games are very welcome.

Demonstrably fair gaming is not just limited to Bitcoin gambling sites but most of them are cryptocurrency casinos.a It means that anyone can verify the odds of the casino games and see that the games are fair and random. For example, Crypto Games offers 7 provably fair casino games.

Crypto.games is one of the oldest arguably fair casinos. Here you can see their site in dark mode and I play plinko. However, as far as we are concerned, there are also plenty of other honest, professional cryptocurrency casinos such as Cloudbet or Fortunejack.

Almost all casinos have free play money for risk-free gambling. If you run out of money, you can reset your account and start betting again with the play money. Playing for free can also be fun and why not test the different casino games with play money?

No one can know whether you own Bitcoins or not. To be more precise, Bitcoin is usually referred to as pseudonym. This means that all transactions of person X can be traced from the Blockchain when the first connection is made between the wallet address and the owner's pseudonym.

The blockchain is a decentralized database that contains records for all wallets and transactions. However, if you are linked to owning a Bitcoin wallet, your transactions can be monitored.

This is why Bitcoin is more often referred to as pseudonym rather than anonymous. You can move money with a "secret name" that no one can link to you.

You can transfer Bitcoins quickly and cheaply to all over the world. All you need is an internet connection and a computer or mobile device. You don't have to pay 2-3% transfer fees for services like Paypal. Or even 10-20% as in the case of Western Union.

Transaction fees vary from time to time depending on Bitcoin network traffic. The fee remains the same whether you sent $ 10 or $ 10,000 in Bitcoins.

Almost all the best Bitcoin and crypto gambling sites work well on mobile devices such as iPhones, iPads or Android phones or tablets. The casino site design that works well with mobile devices is called responsive design. The site automatically scales to your device and is usable without the need for a separate app or subpage.