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Advantages of Bitcoin casinos over classical online casinos
Bitcoin is decentralized
Bitcoin being a decentralized currency gives it a significant advantage over traditional currencies, in essence this means that the currency has no ties to governments or banks. Meaning you are in full control of your own crypto, you can move it around as you please, it cant be frozen or blocked and on top of that it’s almost completely incognito the only thing that will show up after a Bitcoin transfer is a transaction record in the blockchain.
No-KYC Bitcoin casinos
If you value your privacy gambling with Bitcoin or other cryptocurrencies is the way to go. Many online crypto focused casinos offer players anonymity when playing with cryptocurrencies by having no KYC (know your customer) requirements, on fiat-based casinos with a license they have to perform a KYC check before you withdraw this includes, your full address, bank statements, proof of income, proof of deposit and proof of identity. All this can be avoided if you decide to play on crypto casinos with no-kyc requirement
How to choose the right Bitcoin/crypto casino?
IdleBTC heavily focuses on quality over quantity every casino listed on IdleBTC has been tested individually by our team of experts verifying that they are legit. So that you can feel safe when picking a crypto casino to play on.
There are a few things to keep in mind when choosing a trustworthy Bitcoin casino. First, make sure that the casino is licensed and regulated by a reputable authority. This will ensure that the casino is following proper gaming regulations and is committed to fair play. Second, examine the casino’s customer service policies. Make sure that they are available 24/7 and offer helpful support if you encounter any issues while playing at the casino. Finally, be sure to read the reviews of other players before making your decision. This will help you find any potential problems with the casino before you invest any cryptocurrency there.
What we look for in a Bitcoin casino
- Bitcoin casinos with few or no country restrictions, we want everyone to be able to enjoy gambling with cryptocurrencies that is why we always try to pick Bitcoin casinos with as few country restrictions as possible.
- A great catalog of slots and games, playing on casinos is meant to be fun this of course requires a extensive library of crypto casino games to keep you entertained.
- Fast withdrawals, most if not all crypto casinos pay within 5 minuted after you make a withdrawal, this can vary if you choose to withdraw cryptocurrency with less gas making the transfer times longer.
- More currency options, we want to see a diverse range of coins that can be used to play/withdraw popular coins such as BNB, LTC, and TRX is also a option on all casinos listed on IdleBTC
- Reputable sites this is the main and most important one, since many crypto casinos runs without a license it can be a challenge to find out which ones are legit. That is where we come in and try out all manners of different casinos and verify them.
Bitcoin casino bonuses
Crypto and Bitcoin casinos come in all flavors offering unique and different bonus systems, and in almost all cases bonuses offered on Bitcoin casinos are way more lucrative than that of a classic fiat-based casino.
High percentage Bitcoin cashback
Cashbacks are very common on casinos but the percentage of cashback on Bitcoin casinos are far superior to its fiat-counterpart. Cashback on cryptocurrency casinos can often be incredibly high, percentages of up to 30% cashback is not unheard of.
No deposit Bitcoin bonuses
Crypto casinos are unique in this aspect, many Bitcoin casinos has free crypto boxes or faucets that grants you free crypto every day sometimes even multiple times in the same day. There are also other great no deposit bonuses such as a daily wheel with chance to win up to one Bitcoin! Free spins and cash bonuses are less common on Bitcoin casinos but they do pop up at times.
Registering and playing on crypto casino with free bonuses is not only fun but outright smart, in case you get lucky with your daily spin or accumulate enough crypto from the faucets you can get a decent chunk of crypto without and financial commitment.
Deposit match Bitcoin bonuses
A deposit match bonus is the most common type of bonus you will see on casinos both fiat and crypto-based casinos. Just like the name indicates its a match percentage of you initial deposit the amount the casino matches can vary but is in most cases between 100% to 300%. So let’s say you deposit 0.1 Bitcoin and the casino matches with a 100% bonus this will give you a total of 0.2 BTC balance to play with.
Casinos with Bitcoin dividends/staking
Not a classical bonus in any sense but we still count this as a bonus, on casino with dividends you earn extra crypto tokens for every bet made on the casino a so called in-house currency native to the casino. This is then automatically staked on the casino giving you passive income every single day. In many cases the tokens that you earn can also be sold/traded on crypto exchanges.
The additional value makes this bonus type our favorite on crypto casinos it innovative and rewarding if you play with a favorable strategy, keep within your limits you can actually earn cryptocurrency by playing on casinos learn more about crypto casinos with dividends/staking.
Gambling with cryptocurrency and Bitcoin
Many of us own multiple different cryptocurrencies and other crypto assets and might want to gamble with something other than Bitcoin no sweat! There are many different crypto casinos that accept more than than one kind of cryptocurrency, some of the most commonly used cryptocurrencies used for gambling are Litecoin(LTC), Bitcoin Cash(BCH), Tron(TRX) are just some of the top coins used for gambling.
How to make a deposit on a Bitcoin casino
Making a deposit on a Bitcoin casino can be done in a number of ways, some of which include using an online banking service, depositing cash at the casino, or making a deposit using Bitcoin. Before making a deposit, it is important to understand the rules and regulations of the Bitcoin casino you are visiting so that you can avoid any potential issues.
Bitcoin casinos usually offer a number of free bonuses to new players. These bonuses usually range from $10 to $1000 and can be used to help you get started with your Bitcoin casino account. It is also important to note that some Bitcoin casinos offer no deposit bonuses that require you to make a smaller initial deposit in order to qualify for the bonus.
Once you have made your deposit, it is important to familiarize yourself with the game rules so that you can make the most of your experience at the Bitcoin casino. Remember that playing at a Bitcoin casino is not like playing traditional casino games – there are no guarantees of winning, so it is important that you play cautiously and always use caution when depositing and withdrawing money.
Are the games offered provably fair?
Crypto casinos are growing in popularity as players demand more transparency and security when it comes to their gambling. While many online casinos offer provably fair games, some crypto casinos go one step further by offering games that are actually executable by the blockchain. These games provide a higher level of assurance that the player is getting real money back, no matter how the dice fall.
One of the best examples is SatoshiDICE. This online casino offers users the ability to play dice with real bitcoin, ether, and litecoin. The trick is that each bet is fed into a random number generator that is powered by the blockchain. This means that players can be sure that their earnings are not manipulated in any way. In short some games are even more transparent than games offered on regular fiat casinos.