You have probably heard that fascinating story about a guy who paid 10,000 BTC for two large pizzas in 2010. Back then, it was only $25! Today, the same amount of Bitcoin would allow you to buy a couple of lovely islands off the coast of Florida, build several high-end restaurants, and your own pizza place, too. Let’s just hope that the pizzas were yummy.
The story of Bitcoin includes more than 12 years of ups and downs amid ever-growing interest from the public. Painful crashes were often followed by dizzying spikes. Soon enough, the cryptocurrency started to draw the attention of people who had a thing for everything risky and profit promising. First bitcoin gambling sites were on the horizon.
Today, there is an entire ecosystem with its own leaders and outsiders. It is really hard to provide the exact number of existing bitcoin casinos in 2021. One thing you should know is that your bitcoin wallet would come in handy on dozens and even hundreds of cryptocurrency gambling sites.
It is notable that you would be able to use such a wallet is not only traditional online casino games like slot machines, blackjack, poker, roulette, and dice. There are also some alternative options for those who want to play bitcoin games with no deposit. For now, let’s find out what is so interesting about the first cryptocurrency in history.
Bitcoin is virtual money that is created by solving complex computational problems and then stored on virtual wallets. To have control over this kind of money, you need to get your own key pair consisting of a private and a public key. In layman’s terms, you can think of each key pair as a separate «bitcoin account». One person can have control over as many key pairs as they want.
The information about the transactions and amount of money on each key pair «account» is saved to the decentralized ledger commonly known as the blockchain. You can download this distributed database on your computer and thus become a new node in the Bitcoin network, although it is optional. New records are added to the blockchain in a special way that requires consensus among the network participants.
You do not need to go to a bank in order to open a new Bitcoin account. There are software wallets that you can download to your computer or smartphone. You can also use some of the online services that automatically create new «accounts» and provide users with the keys granting access to their BTC wallets.
The Bitcoin network does not require any personal information, so everybody can secure their own keys and addresses to manage bitcoins anonymously. The same applies to transactions among the network members. Sending money requires only the addresses of the sender and the recipient, which are generated automatically. No personal information is disclosed in the process.
In 2010, the price of 1 BTC was less than $0.4. Over the last couple of days, this value has passed the $60,000 milestone. No one can guarantee further growth — who knows, maybe Bitcoin prices will be only half as much in a few months. That said, long-term charts that show the Bitcoin price dynamics are quite telling.
Sharp spikes and slumps attract traders and deter more conservative investors. Cryptocurrency proponents claim that there is nothing wrong with that and point to historical BTC price charts. Sharper price movements hit the headlines every now and then, drawing even more attention to Bitcoin and other cryptocurrencies.
Over the last few months, the price of BTC has updated its record highs several times, briefly surpassing $60,000. The Tesla company has invested $1.5 billion in cryptocurrency earlier in the year. The subsequent spike in Bitcoin price has brought the electric car manufacturer more profit than their car sales did over the last year. But how much will Bitcoin cost in six months? No one knows.
If a casino accepts cryptocurrencies, it most likely accepts deposits in Bitcoin. This rule applies to all the popular crypto gambling sites — we can count exceptions on one hand. When you need to choose quickly a place where it would be great to gamble using Bitcoin, the following crypto gaming websites will likely be your best bet.
BitCasino is the number one choice for a great number of crypto gamblers from all over the world. It is really nice to play bitcoin games here as this resource offers everything you need for a first-rate gambling experience. Its visitors are going to see a huge collection of casino games, various bonuses, and many special deals.
On BitCasino.io, any interesting event can be the basis for a new promotion. That is why its bitcoin bonuses page often gets updates. A movie premiere, partnership, or new BTC games can be a reason to kick off another cool promo.
BitCasino is notable for having great offers for high roller players. Not only is there a nice loyalty program, but there is also an entire VIP club for gamblers who play bitcoin games with high limits. The members of this club get access to unique deals and significant gifts along with privileges like a personal manager and so on.
Besides that, all users of BitCasino.io can make use of the loyalty program. It allows them to get a cashback bonus up to 10%, free spins, and special rewards for new loyalty levels.
Users of bitcoin casino BitStarz like this resource because it has an awesome game collection, large-scale promotions, and highly skilled customer support. BitStarz.com is rightly regarded as the best crypto gambling site on the SoftSwiss platform, which is confirmed by several prestigious awards and top places in cryptocurrency casino ratings.
The first bitcoin bonus on BitStarz allows new users to get 20 free spins with no deposit or promo code. The subsequent deposits will be rewarded, too. The first four deposits in Bitcoin provide each player with bonus money up to 5 BTC. Newcomers can take part in a special tournament called Welcome Freeroll with a weekly €1,000 prize pool.
BitStarz is known for its big-time adventure quests where players compete for some nice rewards and huge money prizes. Winners of these quests usually get paid trips, cars, or something like wager-free €10,000.
The total amount of jackpots on BitStarz is now more than €14,700,000. This crypto casino has 14 slot games with progressive jackpots for those who would like to try and snatch a jackpot. BitStarz.com has very fast payouts, so most players will really like to play games using Bitcoin on this website.
Many people choose mBit right on the spot, making this resource their regular place for BTC gambling. mBit Casino has a great selection of Bitcoin slots and table games from top providers. Two thousand gambling apps include stylish live casino games, too.
Bitcoin casino mBit will hit the spot for those players who enjoy communicating with other people. There is a chat box for the users on the right side of the website. It allows you to discuss games and the outcomes with players like yourself, making your gambling experience much more enjoyable.
This website offers an exclusive welcome bonus package for its users. It provides bonus money up to 5 BTC and 300 free spins for the first three deposits made in mBitCasino. High rollers will especially like this bonus: the higher the deposits, the more bonus money a player gets.
Besides, this cryptocurrency casino has interesting and unconventional promotions every now and then. For instance, you can stumble on a quiz where you have limited time to answer, which rewards winners with free spins on certain bitcoin games. Continuous promotions include the mBit Races tournament where people win 6 mBTC every three hours.
mBit Casino values loyal players: they have access to the VIP program and referral rewards. Besides that, the resource often has global quests. During these quests, players who play casino games with real money climb up the ladder and have a chance to win some prizes.
BitcoinCasino.us is one of the most popular crypto resources for American players. This bitcoin casino has a huge collection of casino games, ensuring some top-notch gambling experience for its users. BitcoinCasino US is great for both newbies and veterans of bitcoin gambling.
Daily deposit bonuses are a distinctive feature of this resource. Users of BitcoinCasino.us get a 30% bonus up to 1 BTC for the deposits made from Monday through Thursday, and a 50% bonus up to 0.25 BTC for the deposits made from Friday through Sunday. Apart from that, they can get up to 5 BTC for the first three deposits on the website.
This bitcoin casino is also notable for having a separate «room» for high rollers. If you want to play it big using Bitcoin, you would find a few dozen games with high limits waiting for you. They include slots, blackjack, poker, roulette, and other games.
Passing the time playing BTC games, all gamblers automatically participate in a weekly tournament. In this gambling contest, users of BitcoinCasino.us compete for a 0.1 BTC prize pool. Top 10 players get from 0.04 to 0.0005 BTC each week.
Bitcoin casino Winz.io was quick enough to gain recognition among those who enjoy crypto gambling. They achieved it through their awesome promotions, outstanding customer support, and amazing website design. And this bitcoin casino still has some nice surprises for bonus hunters in stock.
The Winz Casino game collection is split into several categories that include slots, table games, and live casino games. There are even several dozen themed selections — for instance, Oriental-themed games or bitcoin slots with the Bonus Buy feature.
Winz rewards players with bonuses up to 6 BTC and 300 free spins for the first three deposits — but only in slot games. To get these bonuses, you have to enter the bonus codes SLOTS, SLOTS2, and SLOTS3, respectively. Those who prefer bitcoin table games can take advantage of a cashback bonus using the promo code TABLES.
Winz Casino offers some exclusive privileges for high rollers who are part of its VIP club. You can enter this club only via an invitation from the bitcoin casino; you can otherwise contact the casino representatives and get early access. Being an elite player, you will be able to contact your personal manager and make use of special deals that are not available to regular users.
Experienced players notice that numerous bitcoin casinos are powered by the SoftSwiss platform, which is operated by Dama N.V (former Direx N.V). They include such popular websites as BitStarz, Cobra Casino, Winz, BetChain, iLucki, Greenspin, and many other casinos that accept cryptocurrency.
The popularity of SoftSwiss owes much to it being one of the few online casino platforms that offer ready website solutions with cryptocurrency payments support. SoftGamings is another relatively popular bitcoin casino platform.
Besides Bitcoin, crypto casinos on the SoftSwiss platform usually accept the following cryptocurrencies:
• Litecoin (LTC)
• Dogecoin (DOGE)
• Bitcoin Cash (BCH)
• Tether (USDT)
• Ethereum (ETH)
Each of these payment methods is an alternative to Bitcoin, having their own pros and cons. You can read about each of these altcoins in more detail in the respective sections on our website.
The cryptocurrency offers each player evident and considerable benefits in online casino games. Try to gamble using BTC for the first time, and you would probably forget about fiat money options. Here are some main advantages of Bitcoin in online gambling:
• Anonymity. The system only verifies your solvency, not identity. Personal information privacy is quite important for those who like playing casino games. Using this cryptocurrency, you can rest assured that your personal data is safe.
• Higher winning chances. Bitcoin casinos often offer their players higher return-to-player percentages because they have their payment processing expenses reduced.
• Speed. It takes much less time to confirm a Bitcoin transaction when compared to fiat money deposits and withdrawals.
• Cost-saving. Miner’s fee will seem insignificant next to some typical commission fees you may pay for cross-border money transfers. Transactions become more expensive only when the network is heavily loaded.
• Independence. Your geographic location does not matter anymore when you are playing games using cryptocurrency.
If compared to other coins, Bitcoin provides you with more options thanks to its ubiquity. The choice of bitcoin games is much wider as Bitcoin is accepted in the majority of crypto casinos. Many of these resources have BTC casino games with live dealers and progressive jackpots, which was quite hard to imagine just a few years ago.
Furthermore, cryptocurrency casinos often have Provably Fair games that use cryptographic hashing technology. This mechanism allows you to make sure that game algorithms are working fair and square, verifying the reliability of bitcoin casino games.
While the word «cryptocurrency» may have sounded puzzling earlier, decentralized money can make life easier in many spheres today. Online casino gambling is no exception. Bitcoin casinos offer players a lot of advantages they will not want to give up.
Using cryptocurrencies in bitcoin casinos is not all rosy. Sometimes players may experience inconveniences. Below you will find several aspects of Bitcoin, without which BTC gambling would be more enjoyable.
Transaction fee increases
Bitcoin transactions are generally considered to be quite cheap. And they really are, except the cases when the network is overloaded with them. When there are too many pending transfers, recommended miner fees can reach $10 or even $20 for a $100 equivalent transaction. It does not look especially great for BTC casino players.
There was no place for problems like that when people were discussing cryptocurrency on online forums rather than actually using it. But as the network grew, more and more users started to send bitcoins to each other. And now, when major media outlets publish breaking news and articles on Bitcoin, it leads to increases in the processing time and cost of transactions more often than not.
Sharp fluctuations of BTC price are a rather controversial feature of the cryptocurrency. In a short-term view, it may cause inconveniences and even money losses. It is especially evident when a player buys Bitcoin with fiat money only to play casino games. After the withdrawal, they need to exchange the cryptocurrency for a fiat currency, and some considerable money can be lost due to wild price volatility.
If you want to buy some Bitcoin for casino gambling, you would need a certain amount of fiat currency (dollars, euros, etc.). There are several ways to get BTC for gaming. Buying cryptocurrency on an exchange is one of the most common.
Here are some popular crypto exchanges:
• Coinbase Pro
• Huobi Global
US dollar is the most popular fiat currency that is traded with BTC. That said, most exchanges include other currencies like euro, British pound, Japanese yen, Russian ruble, and so on.
If you already have some other cryptocurrency, you can exchange it for Bitcoin on a crypto exchange, too. For instance, people often use Ethereum, Litecoin, and Tether in casino gambling.
Some casinos even allow you to buy crypto for casino games using a bank card. It is done through an intermediary service but the client does not have to create additional accounts or anything like that.
While some people consider Bitcoin investments a lottery due to high volatility, others are fiercely trying to obtain this valuable crypto asset. Mining and top GPU rankings aside, you can find more interesting ways to get those coveted satoshis and bitcoins.
Some gamblers are positive that casino games provide a great way to earn cryptocurrency. Perhaps, it can really be the case for some poker shark, but it would still be regarded as an exception. It is rather difficult to think of an infallible strategy for bitcoin roulette, after all.
Still, it does not change the fact that you have a chance to get lucky and snatch a jackpot in some bitcoin casino while playing dice or slots. Just do not forget a simple truth: gambling should be entertainment, not a way to earn money.
There are also websites with bitcoin games where you can earn satoshis with no deposit. They are similar to so-called faucets as their users get some cryptocurrency for watching ads on the website.