5 REASONS TO PLAY AT A CRYPTOCURRENCY CASINO
A casino is a casino, so why would you bother getting into cryptocurrency just to play at a Bitcoin casino or at a cryptocurrency casino? Well, not all casinos were created equal. But if we are talking about cryptocurrency casinos and traditional ones in general, then there are quite a few reasons why the former are better than the latter.
Provably Fair Gaming
The first and sometimes least understood advantage that Bitcoin casinos or cryptocurrency casinos have over the traditional ones, is provably fair gaming. This feature is deeply seeded in the philosophy that the creation of Bitcoin brought with it: Don’t trust, verify! Before provably fair gaming, casinos were able to trick players with impunity when it came to the outcome of every spin, roll or draw. With provably fair gaming, players can independently check the randomness of the outcome on each spin, roll or draw.
Pure cryptocurrency casinos even base their results on the blockchain, meaning that it is impossible for them to manipulate them. That is something traditional online casinos cannot do. It is a new standard that cryptocurrency casinos have set, and that standard has clearly set them apart from their traditional counterparts.
Cryptocurrency Casinos Have Instant Pay Outs
The next feature that cryptocurrency casinos brought to the space, was instant pay outs. This is something that traditional casinos would have never dreamed of. In fact, traditional casinos have often withheld player funds to convince them to play more, a tactic that wouldn’t fly in the world of cryptocurrency.
Beyond that, blockchain-based gambling allowed for easy instant pay outs, while in the realm of fiat that is virtually impossible. The following factors allow cryptocurrency casinos to enable instant pay outs:
- Cheap transaction fees
- Quick transactions
- The possibility of opening multiple transaction addresses at once without incurring in any additional costs
Instant pay outs were the only option when Bitcoin gambling first emerged. On dice games – which were the first Bitcoin games available – players would deposit their fund into different wallets depending on the outcome they were betting on. These addresses were unique, and the software decided where to send the proceeds of each bet based on the provably fair outcome of each roll.
Anonymity, or at Least, Pseudonymity
Another prominent advantage of cryptocurrency casinos is the degree of anonymity that players have. Cryptocurrency casinos don’t necessarily have to KYC their players – unless they are licensed and required to do so. Therefore, players are able to use a VPN and play anonymously. In the early days of Bitcoin gambling, anonymity was greater than today because players would be able to mine for coins using their own computers and then use the money that they generated to play. That coupled with a VPN or other measures would give players a very high degree of anonymity.
The creation of Bitcoin brought about the emergence of a new culture. All of a sudden, uniquely innovative games started popping up. There are Bitcoin and cryptocurrency games that follow the story line of Satoshi Nakamoto or have elements that criticize the traditional financial system. All these game plots and sub plots add a lot to the gaming experience, and traditional casinos can’t compete with the kind of story lines that come from the world of cryptocurrency.
Innovation isn’t limited to the kind of story line available. Many cryptocurrency games revolutionized the way we see certain gambling genres. Dice is the best example. The first Bitcoin dice games allowed players to “roll” based on outcomes with thousands of possible numbers and combinations. No reasonable combination of dice could ever yield so many possible outcomes. Dungeons & Dragons dice couldn’t even come close to what a cryptocurrency game based on the blockchain could do!
Cryptocurrency Casinos Bring Jackpots that Keep on Growing After you Hit them!
Finally, the greatest advantage that a cryptocurrency casino has over its traditional counterparts is the nature of the jackpots. A jackpot that is denominated in Bitcoin has the potential to keep on delivering on fiat value years after a player hits it for example.
This is because Bitcoin can appreciate tremendously after the player already won the prize and withdrew it to their wallet. Imagine hitting a 100 BTC jackpot back in 2012 and keeping the coins. Your jackpot would have appreciated thousands of times over!
Read: How This Regular Joe Made 10K Trying His Luck at Crypto Casinos
THE BEST ONLINE BITCOIN/ALTCOIN CASINOS 2019
Coming in at #1 again, BetChain is an impressive casino and one of the pioneers in the Bitcoin scene. Since it was established, the casino has focused strongly on servicing the Bitcoin community. Only lately the casino has opened up its doors to traditional currencies, but its identity remains strongly defined by Bitcoin. Betchain is also re-launching its whole VIP program and refining its customer service further to offer an unprecedented gaming experience to all its clients
BetChain’s focus on service, coupled with unique bonus offers, makes it one of the most successful Bitcoin casinos. BetChain caters to customers hailing from different regions of the world. That means that apart from English, its page is also available in German, Spanish, Russian, Italian, Portuguese, Turkish, Greek, Dutch and Swedish. BetChain also offers live chat, 24 hour customer support, and lightning quick withdrawals.
Provably Fair: BetChain emphasizes provably fairness, allowing gamers (and the casino) to verify all bet outcomes to ensure they were correct and fair.
- Safe and Secure: BetChain claims to use the latest in encryption and secure servers to ensure that customers’ money is always safe.
- 24/7 Support: Contact BetChain anytime, day or night, at firstname.lastname@example.org or through the BetChain support form.
mBit is another major U.S. friendly bitcoin casino brand that have earned a stellar reputation for quality software and great customer service since they were founded in 2014 . They are based in Curacao and are fully regulated by the gaming commission there.
- All the games at mBit were independently tested and verified for fairness by RNG.
- mBit is now home to over 1,000 different games and new ones are added weekly.
- Live dealer blackjack, sede, baccarat, roulette and more available for BTC or Euro.
- Deposit instantly and for free. Sign-up takes seconds and only requires an email.
- mBit Casino is fully functional on any Android, iPad, iPhone or Windows Phone.
- United States of America players are welcome. Site in both English and Russian.
- mBit have an exceptional VIP program and a 110% 1st deposit bonus to 1 BTC .
Bitstarz One of the most popular Bitcoin casinos out. The casino is provably fair and regulated by the Curacao government. It offers around 1,000 high quality games, however it does not offer a sportsbook feature (where you can bet on popular sporting events). Bitstarz also accepts multiple currencies and isn’t limited only to cryptos.
Deposits can be made via Mastercard, Skrill, Neteller, Bitcoin, Litecoin, Bitcoin Cash and various other methods making it highly accessible to worldwide users, even those who don’t own Bitcoin. Support is available through social media, online chat and email. It’s also probably the most appealing casino out there in terms of design.
What really caught our eye about Bitstarz is the fact that they respond to user complaints even via Reddit, which shows they care about their customer experience and are willing to step up when needed.
TOP SPORTS BETTING SITES 2019
Deposit Bitcoin/Altcoins & Withdraw Cash. Quick withdrawals, no hassle trustworthy gambling sites to bet on your favorite sports.
Bitcoin bookmakers are revolutionizing the world of sports betting. Many of the bitcoin sportsbooks featured on this website allow you to create anonymous accounts and wager from any part of the United States.
Thanks to bitcoin, these sportsbooks can process your deposits and withdrawals instantly, so you no longer need to wait weeks for a payout. Banking is also completely free, which means you’ll have more money in your player account. Bitcoin sports betting sites allow you to wager on every major league in the USA, UK, Europe, Australia and Asia, including the NFL, NBA, AFL and the English Premier League
Nitrogen Sports bitcoin-only sports book & casino: no sign-up required, monthly parlay promotions and 80BTC maximum bet. In addition to sports, you can play table games like blackjack and poker. The bitcoin website also offers a dice game.
Nitrogen Sports are our favorite “bitcoin only” sportsbook. Since opening their doors back in 2012, they’ve quickly established themselves as the leading bitcoin sports betting site. They are headquartered in Costa Rica and owned by IdealMedia.com
- Easily the biggest, most established and trusted bitcoin bookmaker.
- 100% anonymous. Nitrogen do not even ask you to provide an email address.
- Live in-play betting available for major leagues like NFL, EPL, NBA and NHL.
- The minimum bet limit is 0.001 BTC and the maximum bet limit is 30 BTC+.
- Deposits are credited with zero confirmations and withdrawals process in hours.
- The Nitrogen Sports web-app works well on iPhone, Android and Windows Phone.
- 2-Factor Authentication available. Support provided via live chat or ticket system.
- Nitrogen Sports do NOT offer a deposit bonus but do they run some fun promos.
TOP CRYPTOCURRENCY EXCHANGES
The information provided on this website does not constitute investment advice, financial advice, trading advice or any other sort of advice and you should not treat any of the website’s content as such. Top Third party independent testers and reviewers of the Best Online Bitcoin Casinos & Sportsbooks like BitcoinSportsBettingGuide TopOnlineBitcoinCasinos does not recommend that any cryptocurrency, game or token should be bought, sold or held by you and nothing on this website should be taken as an offer to buy, sell or hold a cryptocurrency, token, game or anything similar. Do conduct your own due diligence and consult your financial advisory before making any investment decision.
Accuracy of Information:
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The price of Bitcoin and other cryptocurrencies are highly volatile. It is common for prices to increase or decrease by over 20–100% in some coins in a single day. Although this could mean the potential for huge profits, this also means the potential for huge losses. The same goes for CryptoCollectible games which can be wildly speculative.
DO NOT INVEST ALL YOUR MONEY IN CRYPTOCURRENCIES. Only invest or bet money you are willing to lose.
Cryptocurrency trading may not be suitable for all users of this website. Anyone looking to invest in cryptocurrencies should consult a fully qualified independent professional financial advisor.