Bitcoin Gambling: Here's Why You Should Give it a Shot in 2021

Chipy Editorial
Chipy Editorial
May 25, 2021
8 min read
Bitcoin Gambling: Here's Why You Should Give it a Shot in 2021 image

As cryptocurrencies become more and more popular, there is an increase in the number of bitcoin online casinos on the market that accept gamblers from different regions. 

There are plenty of cryptocurrencies available on the market right now, like Ehereum, Cardano, OKB, Litecoin, Flow, IOST, Fantom and many others, but Bitcoin is by far the most popular and widely available. 

Bitcoin comes with a lot of advantages from faster transactions which are mostly charge-free, less money lost for exchange rates, no intermediaries and absolute privacy. This payment method is usually preferred by gamblers who play from countries where either the gambling taxes are absurdly high or online gambling is prohibited. 

Even if the popularity of Bitcoin is not as high compared to other standard currencies and payment methods, the market is clearly shifting, and it’s becoming more open to cryptocurrencies. We will probably see a lot of improvements in this area, especially when there are so many benefits for cryptocurrencies that clearly surpass the potential cons. 

Bitcoin Benefits


Benefits for Bitcoin Players

 

When you compare it to other digital payment methods like credit cards or PayPal, Bitcoin has lower transaction fees. Even though the fees are variable, Bitcoin transactions rarely cost more than 1% of their value. 

And when you compare that to the 2% or 3% for other types of digital payments, you can clearly see the difference. The standard fees are usually a few cents which is perfect for most customers.

Being able to make deposits and withdrawals as soon as possible is a massive thing for gamblers. This means that waiting countless working days is not a valid option that anyone prefers. When using Bitcoin, you won’t have to wait at all. It will either be instant, or it could take up to a few minutes.

The casinos which allow bitcoin and now use this system have more clients now because everyone prefers an instant withdrawal casino. If you’re unsure why bitcoin is so fast, it’s because while other payment methods depend on institutions to regulate and authorize several things, bitcoin is decentralized and doesn’t have to deal with bank authorizations.

When you use bitcoin at online casinos, authorizations happen from an anonymity standpoint. Your profile is completely private, which protects you from third parties even more than the online casino site does through SSL encryption. 

You and your transactions are virtually untraceable. You are not bothered by any laws or limitations and can safely play with no issues on whatever casino you want.

Also, the casino wins as well. Because some countries have super restrictive gambling laws that also impact the payment methods, when using bitcoin (and a VPN), players from all over the world, including countries where gambling is banned, can play at casinos and make deposits with no issues. More customers = more profit for the casino. 

Usually, you will have to go through a lot of verifications before you can gamble online. There are several verification procedures, KYCs and more that you will have to complete before you can enjoy yourself. 

But when you are using bitcoin, the only thing you need to do is keep a cryptocurrency wallet number. And that’s all, you just use it and carry on. 

There isn’t actually a difference between normal casino offers and bitcoin casino bonuses, with the exception that the last ones are only available for bitcoin deposits and are only offered at online casinos that accept bitcoin currencies.

If you are a veteran or a new player just registering an account, you can get a welcome bonus like a bitcoin no deposit bonus or a free spins bonus, or you can get a promotion for your second deposit, third deposit etc. or a V.I.P pack. 

The welcome bonuses are available anywhere from 50% to 500%. For example, if you see a bonus of 100% match bonus on a deposit of 1BTC, that means you will get another 1BTC to play with. 

All bonuses will have a form of wagering requirements or rollover requirements. This is set in place to prevent a player from claiming the welcome bonus and then move on to another casino and not abuse the promotions. 

The best type of offer you can get is a bitcoin casino no deposit bonus. It is a type of welcome bonus offered when you register an account, but it doesn’t require a deposit. There will be, however, some wagering requirements attached to it that you will need to complete them before being able to withdraw any sort of prize. 

Bitcoin Bonuses


Where You Could Play with Bitcoin in 2021


Here on Chipy.com, we display the latest bonuses available at all online casinos where bitcoin is accepted. Just pick the one you like the most and open an account. These bitcoin online casinos are rated by other real players who already have an account there.

Real players’ ratings are important because, in our list, all websites are trustworthy and check all the boxes necessary to be considered the best on the market. However, players’ needs and tastes vary quite a lot. 

You can check to see which ones have the higher ratings and are appreciated by other players. Don’t forget that you can also rate your experience to help other gamblers find a great place to play. 

An excellent bitcoin gambling website should be licensed and regulated by an independent authority like eCOGRA, just as the trusted casinos we display on our website, should offer 24/7 customer support and plenty of great bonuses with accessible wagering requirements.

A very important aspect when picking the best bitcoin online casino is the selection of games. While most gambling websites will strive to partner up with as many big software providers as they can, it’s always a good idea to check the game’s catalog before registering an account.

We add new online Bitcoin casinos constantly, so if you use the filters at the top of the list, you can easily see which new Bitcoin casinos have been added in 2021. You can also filter to see the top-rated Bitcoin casinos launched in the past year that also offer free bonuses. 

 

Are Bitcoin Online Casinos Worth It?


Gamblers who choose to play at a Bitcoin online casinos can reap many benefits like the best casino bonuses, faster transactions compared to other deposit methods, better house edges, about 1-2% less than standard online casinos and most importantly, complete anonymity in transactions.

Why is anonymity important? Well, bitcoin online casinos are usually preferred by players in regions where online gambling falls under a grey zone, or independent operators can’t enter the market because of the state monopoly. 

In these countries, other payment methods like credit and debit cards along with bank transfers are not available. Therefore, players need a safe, secure, fast and completely anonymous way to make transactions from and to online casinos.

Bitcoin and other cryptocurrencies transactions can’t be traced. This makes it the preferred payment method for players who gamble from countries where the taxation rate on gambling wins is extremely high. Players get to keep their entire wins without paying an absurd tax. 

The second greatest benefit of bitcoin transactions is the increased security. Data theft is far less likely since Bitcoin, like all other cryptocurrencies, is in a segregated offline system compared to our standard currencies and, also, Bitcoin wallets are encrypted with the same technology used by banks, financial institutions and governments.

Gamblers who face a lot of transaction fees or taxes can choose Bitcoin to cut back the exchange rates since there are no banking systems or other intermediaries. Also, without any intermediaries, transactions are much faster compared to other currencies. 
So yes, Bitcoin online casinos are a great choice for players. You just have to pick the right one for you.

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