Bitcoin: Cryptography within everyone's reach
Bitcoin is the most widely used cryptocurrency in online casinos. For some, it can be very easy to deposit with this payment method. But for others, this is not the case. In this article, our experts will explain the most important things to consider before using this payment method.
Deposit at an online casino with Bitcoin in Canada
Many online casinos offer bitcoin as a deposit method, as it is very fast, and the amounts exchanged can be much larger. To get your hands on this cryptocurrency, all you need to do is create an account on an exchange, a site where crypto can be bought and sold.
In this comprehensive article, our experts will introduce you to the best sites where you can play with BTC. We'll also give you some tips on how to send and receive your money, without risking losing it.
The 5 best Bitcoin casinos
Millionz Casino
Millionz Casino is a very comprehensive platform that accepts cryptocurrencies. What we really like about this site is the very attractive, and exclusive, welcome offer:
+100% up to $1,000 + 50 free spins that you can use on the Yeti Battle of GreenHat Peak slot
The best part is that this offer, like all the other bonuses on this site, is not subject to any wagering requirements before requesting a withdrawal. As we explain in our full Millionz Casino review, amounts can go up to $5,000 per week.
If, like us, you take the time to play at this casino, you'll enjoy a unique experience that you won't regret.
MyEmpire Casino
Bitcoin is one of the many deposit methods available at MyEmpire Casino. This platform is one of our favorites for the very large amounts you'll be able to withdraw: Up to $7,000 per month for non-VIP players, and up to $20,000 per month for VIP members.
Thousands of games are at your disposal, and you'll be able to try them out with this exceptional welcome offer:
Up to $1,200 + 300 free spins split between your first 4 deposits
To discover more of the unique features of MyEmpire Casino, don’t hesitate to read our in-depth review!
Stake Casino
Stake Casino is a 100% cryptocurrency site, which means you won't be able to withdraw with fiat currency ($, €) for the time being.
At this online casino, there is no stipulated maximum withdrawal limit, proving to be a huge advantage for certain players.
When you visit this gaming platform, you'll be entitled to an exclusive welcome offer:
100% 1st deposit bonus up to $1,000
Our Stake Casino review covers a wide range of topics, including slot machines and bonuses. As you'll see, this site is one of our favorites for the unique qualities it offers.
You can deposit as little as $5 on this unique site. It's a rare thing in the casino world.
Playfina Casino
Playfina Casino is a casino that allows you to deposit with 10 different cryptocurrencies. We really like this site, as it gives you access to dozens of different bonuses.
As we explain in our full review, this platform stands out for its wide selection of high-quality games to choose from.
On top of that, you'll find plenty of exceptionally generous promotional offers to take advantage of:
Up to $1,470 + 600 free spins split between your first 3 deposits + a secret 4th bonus
Oshi Casino
Cryptocurrencies are available at Oshi Casino, a highly reputable gaming platform that we very much enjoy spending our time on. If you love the world of gambling, you'll be very happy to play on this site.
As we explain in our Oshi Casino review, amongst others, this casino offers slot machines, live games, sports betting, and virtual games.
We highly encourage you to register your player account today and to take advantage of this exceptional welcome bonus:
Up to $6,000 + 200 free spins split between your 1st 4 deposits
What is Bitcoin?
Bitcoin is a decentralized currency that is completely virtual. Very popular with some people, it allows you to play online casino games in complete security.
As with a traditional stock market index, the value of Bitcoin varies according to supply and demand. To obtain Bitcoin, you'll need to open an e-wallet, which is the only place you can buy it.
Here are three platforms where we recommend you buy your cryptocurrencies:
Binance
Coinbase
Kraken
These three sites are the most reputable on the market and are extremely reliable.
Bitcoin is highly valued for its unique volatility, and above all for being easy to buy and sell.
How to deposit and withdraw Bitcoin at an online casino?
How do I deposit online with Bitcoin?
We're going to show you very quickly how to deposit easily with Bitcoin. For our tutorial, we'll use Millionz Casino as a reference, as well as the Binance platform (called exchange), where you can buy and sell cryptocurrencies.
Step 1: Log in to your e-wallet and the online casino you wish to play at.
Step 2: On the online casino, click on "deposit" or "wallet".
Step 3: A new window will appear. On it, you'll be able to choose between the various payment methods available. To use Bitcoin, simply click on it. An option will ask you to display a QR code.
We strongly recommend that you activate this option, as it will make things much easier for you, especially if you decide to place a deposit directly on your mobile phone.
Step 4: On Binance, or a similar application, go to the place where all the cryptocurrencies are located. In our case, you'll need to click on "spot wallet".
Step 5: Your page will initially display all the cryptocurrencies you have. To transfer your money to the casino, you'll need to click on "withdraw".
Step 6: This is the most important step in the process, so please pay close attention to our instructions so that you don't lose your money. On Binance, select Bitcoin as your payment currency.
Next, you'll need to enter an address. This is the one that appears on Millionz when you decide to click on Bitcoin. It's important to understand that each cryptocurrency has its own specific address. So don't use an Ethereum (ETH) address to deposit in Bitcoin.
Next, you'll need to check that you're on the right network. Binance will automatically select it for you.
Then, simply choose the amount you wish to deposit. Click on "Withdraw".
Step 7: You'll just have to wait a few seconds or minutes for the money to arrive in your casino account. Depending on the entity that is transacting at the time, network fees and waiting times may vary.
How to withdraw Bitcoin at online casinos
Once again, we're going to use Millionz Casino to explain very quickly how to withdraw money in Bitcoin.
Step 1: You'll need to check that you have the minimum withdrawal amount. On Millionz, this is $400 / day and $5,000 / month. As soon as this is the case, go to the withdrawal area on the site you're playing on.
Step 2: Once you have reached the withdrawal screen, you'll need to choose the following:
The cryptocurrency you wish to withdraw with
The network you're going to use
It is extremely important to keep this information in mind, as it is essential for your subsequent withdrawal request.
Step 3: Now log in to your e-wallet. Once you're there, click on "deposit".
Step 4: This is the most important step. Select Bitcoin as your deposit method, and above all, make sure you select the same network as the one on the casino. If you don't use the right network, your money will be lost when it's sent.
Step 5: Once the cryptocurrency and network have been chosen, an address will be displayed.
Step 6: The address transmitted to you on Binance must then be entered at the casino. Before making your withdrawal request, please check one last time that the two networks match. If this is not the case, then please redo each step so that the two end up matching.
Once you've done this, you can submit your withdrawal request. Please note that a transaction fee will be charged when you make your request. This is not the casino's fault, it's just the way the system works.
How can I buy Bitcoin to play at an online casino?
On some of the gaming platforms that we offer, you can buy Bitcoin directly.
When doing so, it is important to look out for the following points:
Choose your cryptocurrency carefully.
Make a note of the address given, as this will enable you to receive the money in your casino account.
Once this is done, you can click on "I agree".
You then need to enter the amount you wish to buy. The platform that manages this service will take a commission on your transaction. The price may vary depending on the amount you deposit.
Once everything has been validated, you'll need to enter your bank details (or chosen payment method) and your money will be credited to your account.
This can take from a few seconds to a few minutes.
Other cryptocurrencies for casino gambling
Hundreds of cryptocurrencies exist, and some of them are offered on gaming platforms. Among the most popular are:
Ethereum (ETH)
Dai (DAI)
Dogecoin (DOGE)
Litecoin (LTC)
Matic (MATIC)
USD Coin (USDC)
Tether (USDT)
Ripple (XRP)
Depending on the online casino you play at, you may only find a select few cryptocurrencies available, and others will not be present.
Also, depending on your geolocation, some cryptocurrencies may not be available.
Bitcoin casino regulations
Bitcoin casinos are no exception to the rule and must meet very high expectations if they wish to be taken seriously. As with a traditional site, platforms can receive gaming licenses. These allow players to be sure of several things:
The games are reliable and not rigged
The fact that you'll be paid
KYC (verifying player identity)
Your personal information is secure
The vast majority of Bitcoin casinos hold a gaming license issued by the State of Curaçao. You can check the validity of your license at any time by clicking on it. To do so, simply go to one of the casinos on our site and scroll down to the bottom of the main page.
Here's an example from Neon54, another Bitcoin casino we recommend for its highly unique qualities.
If you decide to place your trust in us, we can assure you that you'll only end up at reliable online casinos. All the sites we send you to are in possession of a reputable gaming license.
Is it safe to play with Bitcoin at the casino?
Yes, playing with Bitcoin can be a completely reliable thing, but for that you'll need to go to the right site. In addition to checking licenses, there are a few other things you should consider when assessing a site's reliability:
The opinions of other players on the Internet.
If players share their sessions on streaming platforms: But for this point, please ensure that you are doing all the necessary checks on your own. It has already happened that some people have promoted fraudulent platforms.
Check whether the site is listed on comparison sites.
Check whether the casino has a Random Number Generator (RNG).
If you want to play with Bitcoin without any problems, all these factors should be taken into account.
Advantages and disadvantages of a cryptocurrency casino
Advantages
Faster transactions
Fast transactions are one of the biggest advantages of casinos that accept cryptocurrency methods of payment. Where a bank transfer withdrawal request can take between 2 and 5 days to reach your bank account, cryptos take only seconds (to minutes) once the request has been validated.
This time may vary depending on the state of the network. The more transactions are carried out simultaneously, the longer it will take for your money to reach your account. So, if your withdrawal request is accepted and the money doesn't arrive within a second, you have nothing to worry about.
Higher transactions
While withdrawals with fiat currency struggle to exceed $2,500 per transaction, with cryptocurrency, it's a different story. Depending on the platform you play on (and your status), you can withdraw very large sums of money, up to several tens of thousands of dollars.
This is generally why cryptocurrencies appeal to players with a large balance, because withdrawals are much higher than with a classic currency ($, €).
Higher stakes
The higher stakes generally concern online casinos that only accept cryptocurrencies as a means of withdrawing money. Take Pragmatic Play, a slot machine creator.
At the majority of online casinos with fiat currency (and crypto), the maximum bet rarely exceeds $100/125 per game spin.
On a site like Stake, which is cryptocurrency-only (you can buy crypto on it), stakes can reach as high as $1,000, or even $1,500 for some slot machines.
For the vast majority of players, these sums of money can never be played. For others, this can be a very positive point that can make the difference in choosing a casino.
Disadvantages
The minimum withdrawal amount is often higher
On the vast majority of sites, whether you withdraw in cryptocurrencies or with traditional currency, the minimum amount required is the same. But on some platforms, this minimum amount may be higher.
On MyStake, for instance, you'll be able to withdraw as little as $10 with Skrill or Neteller, but you'll need to have at least $50 for cryptocurrencies.
Transaction fees
Every time you make a cryptocurrency transaction, transaction fees apply. At the time of your deposit and withdrawal, you're already losing a certain amount of money to make your transaction happen.
What's more, depending on the amount, the fees applied will be greater or less. Keep in mind that if you decide to send money when a lot of people are using the network, the fees can be extremely high if you want your transaction to arrive quickly.
If you don't want to pay, and the network is crowded, the transfer may take several minutes to several hours to reach your account.
Fees on each transaction are a real black mark for cryptocurrencies, especially when compared to traditional currency where it's very rare for fees to apply to each transaction.
And if they do, some casinos like Millionz Casino refund the transaction fee, which is not the case with cryptocurrencies.
You need an electronic wallet
Cryptocurrency isn't a world that's accessible to everyone. Indeed, some people don't understand how cryptocurrencies work, let alone the point of an e-wallet.
Because without one, it's absolutely impossible to withdraw your money from a site that uses 100% cryptocurrencies. Some platforms allow you to buy your cryptocurrencies, but not to sell them.
This deprives some people of access to casinos that use 100% cryptocurrencies and can offer advantages that a classic casino doesn't (higher stakes, for example).
Payment conditions at Bitcoin casinos
As with conventional fiat currency, Bitcoin is subject to certain rules before you can request a withdrawal. Here is a non-exhaustive list of the conditions to be met before making a request:
Play at least once the amount of your deposit.
If you have an ongoing bonus, respect the wagering requirements.
Depending on the site, respect the minimum amount before making a withdrawal request
You'll need to have deposited in cryptocurrencies to request a withdrawal in cryptocurrencies.
Have an electronic wallet.
Conclusion on Bitcoin Payment Method Options
Bitcoin is the best-known cryptocurrency and is widely used in online casinos for deposits and withdrawals. Very easy to obtain, this currency can be a hindrance for people who don't hold any e-wallets.
Although it has many disadvantages, not least of which are the fees charged for each transaction, Bitcoin offers a host of advantages: Withdrawals are faster, deposit and withdrawal amounts are much higher, and the same goes for wagers.
What we really like is that there are so many crypto casinos on our platform, and they're all secure. This is because, as with a "classic" currency like the dollar or the euro, Bitcoin casinos must meet the same expectations if they wish to be approved by states.
