We have created a review on the best Bitcoin casinos available in 2023. This article will take a deep dive into online bitcoin gaming, its advantages, and what you should keep in mind before you deposit money at a casino. This is an ever-changing situation. The speed of regulation has still not caught up to bitcoin and crypto casinos, but things might change quickly. Because of this, it might be a good time to try out some of these casinos. Here is our list of best bitcoin casinos in the US market:
The Top Bitcoin Casinos for 2023
Bitcoin was created in 2008 by an unknown entity under the name Satoshi Nakamoto. Gambling with Bitcoin, naturally, started quite soon after that.
Bitcoin is based on a technology called blockchain, which serves as a transparent and immutable public ledger.
Bitcoins are created through a process called mining. Miners use powerful computers to solve complex mathematical problems, verifying and recording transactions on the blockchain.
Miners receive network transaction fees (often referred to as miner’s Fees). For the end user, this is the only cost of using the Bitcoin network, though additional fees might be charged by third parties such as exchanges.
The design of the Bitcoin protocol is such that a maximum of 21 million will ever be minted. This adds considerably to the value of bitcoin.
While it’s not the only cryptocurrency, Bitcoin is the leading digital currency due to the following:
- Highest amount of market capitalization
- Largest User Base
- Highest name recognition and mainstream market acceptance.
CasinoJournal’s take on the best Bitcoin casinos in November 2023
Online casino is quick to leap onto new trends and technologies. Cryptocurrencies have been around for a while now. The best bitcoin casino saw the value of crypto gaming when it was still in its infancy, and today are widely regarded as top crypto casinos, with crypto in their DNA.
The number of players who engage in cryptocurrency gambling is growing. We prepared four reviews of the best bitcoin gambling sites to guide players.
1. Lucky Block – A Premium Casino Experience
Lucky block offers a full package of games, promotions, and bonuses that come together to deliver a quality casino experience.
The casino has its own system of tokens: $Lucky Block (V2) blockchain-based system (operating on the Ethereum network). Players can make deposits on casino and sportsbook using these tokens.
The casino features games by top casino suppliers. The game offering is wide and diverse, but very well organized. It was easy to search through the offering.
We tested out their deposit and withdrawal functions. Depositing was easy. When it comes to withdrawing, some currencies take longer than others to be confirmed on the blockchain. Generally, the average payout time is 5 minutes for most cryptocurrencies. But, in some cases, the transaction needs to be reviewed. When this happens, the case will be resolved in up to 24 hours.
- Unique promotions on Novomatic Games
- Free Spins offered to test a new game every week
- Weekend slots tournament
- No mobile app
2. MEGA DICE – Telegram Casino With 200% Bonus
Mega Dice Casino is a crypto-first casino and sportsbook. It sports a sleek interface and is loaded with great promotions like a “reload bonus” that gives you an extra 50% on your first deposit every Monday.
This innovative casino is based on a licensed telegram casino bot. All you need to do is scan a barcode with your phone to open the casino on telegram. You get instant access to a full anonymous crypto casino adventure that delivers
Choice of games includes slots, live casino, sportsbook, crash games and game shows (and more). A wide choice.
Mega Dice offers an impressive range of cryptocurrencies. If you haven’t got crypto, you can buy directly from the casino.
- Extensive selection of live casino games by premium brand Evolution
- No KYC/ID Verification required
- App-hosted casino
- Only available on Telegram
- Not enough slots created by leading brands
3. BetOnline – Wide Range of Bitcoin Gaming
BetOnline has been around for more than 25 years. It has used its experience in casino to deliver a fantastic gaming experience that’s built around this iconic cryptocurrency. Bitcoin sites are quite common, but BetOnline.ag has delivered one of the best casinos for US players, with a wide range of bitcoin casino bonuses with lightning-fast payouts and no added fees.
New customers who deposit crypto get a 100% bonus up to $1,000 and reload deposits with cryptocurrency get a 30% bonus. The wagering requirement is 14x which is average.
This casino offers a number of cryptocurrency options. It should take a matter of minutes for deposit and withdrawal. BetOnline provides an informative tutorial to get you up to speed as well as a dedicated team of customer support specialists.
You also get the benefits of no depository fees and generous first-time deposit and reload bonuses.
- Tiered VIP bonus system
- Wide range of promotions including Daily Reload Bonuses
- Multiple Bitcoin Games
- Not a wide choice of games by top studios
4. TG Casino – Telegram Casino With In House Ecosystem Offering Multiple Earning Opportunities
TG Casino offers exclusive crypto gambling on telegram.
The casino offers a unique $TGC token. Owners of $TGC tokens gain access to shared casino profits through buybacks of token.
TG Casino has an impressive offering with a range of top games, live events, table games, sports betting, and more.
The casino has partnered with some of the top names in casino and sports.
TG Casino accepts:
- Tether (USDT)
- Ethereum (ETH)
You can also buy $TGC tokens directly from the casino.
Even with its limited currencies, the casino offering fast deposit and withdrawal times and has good support to guide you through the process.
- Unique token currency system delivering passive income
- Impressive sportsbook and casino offering
- No KYC
- At the time of writing, there were no promotions or bonuses for returning players
- Also, there was no loyalty/VIP program
5. Wild Casino – Great Game Navigation and Customer Support
Wild Casino, founded in 1991, focuses on account management and giving a good service.
It has a very simplified look but is well organized.
Wild Casino offers a range of different types of welcome promotions, including 125 free spins that run on the game April Fury and the Chamber of Scarabs.
Players should check and research the ts&cs of each promotion.
The casino has a heavy emphasis on slots at first glance, but the casino actually has a good selection of blackjack, table games, video poker, specialty, and live casino.
A range of cryptocurrencies are available. The casino has an efficient customer support that guides players through the process of depositing and withdrawing.
- Unique Welcome Bonus offers including 125 Free Spins on select games
- Good selection of live casino games
- Efficient customer support
- Processing fees on early withdrawals
- High wagering requirement of 35x
What are Bitcoin Casinos?
The first cryptocurrency was Bitcoin, created in 2008. Online casino has always been quick to leap onto new trends and technologies. The best bitcoin casinos saw the value of crypto gaming when it was still in its infancy, and today are widely regarded as top crypto casinos, with crypto in their DNA.
Any casino that accepts Bitcoin as deposits and/or allows withdrawal of winnings in the form of Bitcoin currency can be regarded as a Bitcoin casino.
The number of players who engage in cryptocurrency gambling is growing. We prepared four reviews of the best bitcoin gambling sites to guide players. But first, let’s give you some background information on Bitcoin.
Why play at Bitcoin casinos?
Bitcoin gambling sites offer the following advantages:
Accessibility and Liquidity: Bitcoin is today a currency that is in widespread use across the world. It is available across borders. It takes only a few minutes to transfer Bitcoins to another user, no matter where you are in the world. For this reason, you will be able to buy products and services (or exchange the currency) easily at any time.
User Anonymity and Transparency: Bitcoin users can have several public keys and are recognized by numerical codes. This prevents public tracking and user-traceable transactions. You don’t need to rely on banks and you are not accountable to them either.
Blockchain technology protects transactions from fraud. Only the wallet owner knows how many Bitcoins they have.
Independence from Central Authority: Bitcoin is decentralized, meaning that banks and governments do not have authority over it. No government would be able to freeze your wallet and demand your coins. The pricing is not related to government policy.
High return potential: Bitcoin prices fluctuate a lot. Bitcoin was $975.70 in March 2017, and $20,089 in December of the same year. In April 2021, Bitcoin’s price surpassed $64,000.
Some speculators believe the value of Bitcoin will continue to climb due to a 21 million coin supply restriction.
Are Bitcoin Casinos legal and safe?
Most jurisdictions that permit online gambling require casinos to have a license like the Curacao eGaming license or the MGA.
- Why do casinos need licenses?
Casinos need licenses to be able to open a merchant bank account and to subsequently get connected with electronic payment systems.
Furthermore, many gaming suppliers require licenses from operators in order to supply them their gaming software.
There are also many legal, social, and business reasons for why a casino would want a license.
- Is it difficult for a casino to acquire a license?
In order to get the license, casinos need to conform to certain requirements and regulations. Some of these include player identification protocols, enhanced due diligence, record keeping, reporting of suspicious activity, and customer awareness.
- Why are some crypto casinos resistant to licenses?
Crypto casinos fall into something of a grey area. Crypto casinos do not need to deal with traditional payment systems. Payments are conducted via e-wallets with no third-party services involved.
Even though cryptocurrencies have been around for some time now, many countries have not yet updated their legal framework to cope with the rise of crypto. This has created a grey area that many crypto casinos currently occupy.
Anonymity, data protection, and decentralization are a big part of the crypto movement. Players often don’t want to submit identification and comply with KYC (Know Your Customer) protocols.
Many crypto casinos opt to be decentralized. This means they don’t restrict themselves to a central authority and are built on a decentralized platform.
All that being said, if your casino is licensed – for example, if it has a Curacao license – then it is legally required to carry out KYC checks.
Most countries in regulated markets require online casinos (including crypto casinos) to be licensed.
Pros and cons of using Bitcoin at online casinos
The developers of Blockchain technology wanted to protect data and take power away from banks and governments. No 3rd party entities (banks, governments, regulators) can access the data surrounding your blockchain wallet. Even casinos themselves cannot see such information. All you need to do is deposit via your digital wallet and start playing.
Tips for safe and secure Bitcoin gambling
You should check whether your casino is licensed and compliant. Also, you should check whether they carry out KYC (Know Your Customer) processes. Ultimately, check what matters to you so that you can play with confidence.
How to choose the Best Bitcoin Casino
People choose to play at Bitcoin Casinos for different reasons. The following are some of the key elements players look out for when playing at Bitcoin casinos:
Some Bitcoin casinos might guarantee anonymity, others don’t.
Bitcoin transactions are generally anonymous. You can identify a transaction through an alpha-numerical code known as a public key. It is this that key makes bitcoin transactions pseudo-anonymous. So while people can look at your transactions and your holdings, the real world identity behind the public key is anonymous. This is one of the key advantages of Bitcoin and crypto in general.
Check whether the casino gives importance to security. Run a background search on the casino you’re considering playing at.
On the one hand, the anonymity of crypto makes it harder for malicious entities to target individuals through phishing scams and identity theft. But hackers have been known to attempt to scam crypto users as transactions are irreversible and the currency is unregulated, meaning less protections exist for players. Hackers and scammers sometimes pose as legitimate companies to convince users to transfer their funds to them.
Payouts & Withdrawal Times
Check the casinos about page or FAQs for information on withdrawal time.
A good Bitcoin casino will deliver fast payout and withdrawal times. Bitcoin casinos are usually faster compared to traditional banking methods. Deposits and withdrawal times can occur almost instantly, making the gambling experience more efficient.
Look at the casino’s bonuses.
A good Bitcoin casino will have a range of interesting bonuses available. Many crypto casinos offer bonuses denominated in Bitcoin or other cryptocurrencies. Instead of receiving bonuses in traditional fiat currency, players might receive bonuses in Bitcoin or other digital currencies. The main types are similar to the ones offered on regular fiat casinos. Just like bonuses offered on regular casinos, bonuses and promotions offered by Bitcoin casinos vary greatly.
A big selection of great games is a must in a Bitcoin casino. Bitcoin casinos sometimes provide unique games, including dice games, where the provably fair feature ensures transparency in the gaming process, allowing players to verify the fairness of each bet. But other than that, usually, they offer the same games that online casinos offer, including slots, table games, live dealer games, video poker, speciality games, dice and provably fair games.
Look at the deposit options available.
Some Bitcoin casinos allow deposits in other cryptocurrencies besides Bitcoin, such as Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Ripple (XRP), and others. They might accept a range of different cryptocurrencies for transactions.
A few Bitcoin casinos also offer the option to deposit fiat currency. However, this feature is not as common, and when available, it usually involves additional steps, such as converting fiat to cryptocurrency within the platform.
Hybrid Casinos accept both cryptocurrencies and traditional payment methods.
Deposit/Withdrawal Fees & Limits
Look for low deposit and withdrawal fees and limits that are suitable for your goals.
Many Bitcoin casinos do not charge fees for cryptocurrency deposits. However, some might have a small transaction fee, especially for smaller deposits.
Similar to deposits, Bitcoin casinos might not charge withdrawal fees for cryptocurrency transactions. However, some casinos may impose withdrawal fees, particularly for smaller withdrawals or if they exceed a specific frequency of withdrawals within a time frame.
Deposit and withdrawal limits vary according to the specific casino the player is playing at.
At the moment, there are exciting things happening with Bitcoin casinos. We reviewed some of the best Bitcoin casinos above and highlighted the advantages of Bitcoin gaming.
We think that the pros outweigh the cons, but the regulatory landscape of online casino is changing fast and we predict that regulators might try to force crypto casinos to be stricter with players. This might force more casinos to become decentralized, operating outside jurisdictions.
We will keep an eye on how the situation develops.
Remember, always familiarize yourself with the casino before you deposit money, run background checks, and follow our guides for information and advice to make the most of your online gaming experience.
Are Bitcoin casinos legal?
Bitcoin casinos are legal if they are licensed and compliant with the regulations of the jurisdiction they operate in.
How do Bitcoin withdrawals work at online casinos?
Some casinos have KYC (Know Your Customer) procedures in place but many might not. Because of this, Bitcoin withdrawals will differ from one country to the next. Contact the customer support of the casino in question if you are confused.
What are the advantages of gambling with Bitcoin?
Bitcoin is similar to other cryptocurrencies in that it offers players anonymity, security, no or low transaction fees, accessibility, decentralization, and the potential for value appreciation.
How do I deposit and withdraw Bitcoin at a casino?
Create a Bitcoin Wallet; Purchase Bitcoin; Select a Casino; Access the Deposit Section; Generate a Deposit Address (the casino will provide you with a unique deposit address (a string of numbers and letters)); Copy this address; Transfer Bitcoin to the Casino; Confirmation (Bitcoin transactions require confirmation on the blockchain; Wait for the transaction to be confirmed; Once confirmed, the funds will appear in your casino account).
Access the Withdrawal Section; Enter Withdrawal Details (enter the amount of Bitcoin you wish to withdraw and your Bitcoin wallet address); Initiate the Withdrawal (confirm the withdrawal request); The casino will process your withdrawal (some casinos process withdrawals instantly, while others may have a manual approval process that could take some time); Receive Bitcoin.
Can I play at Bitcoin casinos from any country?
Some countries have outright bans on gambling. Others have regulations for crypto casinos. Always be aware of the laws of the country you are in.