Due to the high popularity of cryptocurrencies (such as Bitcoin, Ethereum, Dogecoin, etc.), many online casinos have started accepting payments in digital currencies. These so-called “Bitcoin casinos” or “crypto casinos” are not just interesting for those who have invested in cryptocurrencies, but also for a much wider audience. In fact, they offer better security and faster transactions.
The choice of Bitcoin casinos Australia is already large, so it is quite difficult to choose the right one. You need to pay attention to many important factors that will ensure that your game is interesting, comfortable and diverse. We have compiled a list of these factors to help you make an informed decision and get to the most exciting part of the game: betting. Today, we will discuss cryptocurrency betting and how to choose the best Bitcoin casino.
What is Bitcoin Cryptocurrency?
Bitcoin is the first and most famous cryptocurrency. Before Bitcoin, there were other concepts for implementing a digital financial system, but it was BTC that gained widespread use. It is a decentralized blockchain that works based on the Proof-of-Work consensus algorithm. Bitcoin has remained the largest cryptocurrency in terms of market capitalisation since its inception. Anyone can join the network, use it for transfers, or develop the Bitcoin code.
The concept of Bitcoin was first described in a white paper published on October 31, 2008, by a person or group using the pseudonym Satoshi Nakamoto. The true identity of the creator remains unknown. Nakamoto stopped participating in the development of Bitcoin in mid-2010, and the community of developers has been responsible for the further development and coordination of the network since then.
Six blocks are produced in the chain every hour, and there will be 21 million BTC in circulation at any given time. The last issue is expected around 2140. The value of Bitcoin is not regulated or restrained by anyone and depends on the balance of supply and demand. As a result, its value is volatile and can experience significant fluctuations due to external market circumstances and global events.
How to Choose an Online Casino with Bitcoin
You will be investing your money, so making the right choice is a very important step. Especially if you’re searching for high-roller online casinos or want to participate in tournaments. Here are some factors to consider when selecting the best Bitcoin casino:
- Security and reputation. Make sure the casino has a good reputation and uses high-security standards to protect your financial data and personal information. Bitcoin casino reviews of other punters will help with this.
- Accessibility and license. Verify that the casino is available in Australia and has the necessary licenses and certifications. This information is typically specified in the site’s terms and conditions, so be sure to read them carefully.
- Range of games. Choose the best online casinos with a wide range of games, including nothing less than pokies, table games and variants with real dealers for Bitcoin live casino. Not all game developers support cryptocurrencies yet, so the selection may be smaller than in fiat casinos. But more entertainment options are always better.
- Bonuses and promotions. A good Bitcoin casino offers a welcome package, no deposit bonuses, referral bonuses, daily bonuses, etc. Research different offers and choose a Bitcoin casino Australia with favourable conditions.
- Convenience and design. The Bitcoin casino software should have a user-friendly interface and a pleasing design to enhance your gambling experience. The website or app should be intuitive and have an English-language version for Australians.
- Support and customer service. Make sure that the casino provides good customer support and service, including the ability to contact casino representatives at any time.
Benefits of playing at online casinos with Bitcoin
Btc casinos operate on blockchain technology, which provides a high degree of security, anonymity and transparency. Crypto casinos often use smart contracts to automatically pay out winnings to players and ensure fair play.
One of the main advantages of cryptocurrency casinos is their high degree of security. Cryptocurrencies allow players to remain anonymous and protect personal data as unique cryptographic keys are used for transactions. This means that casinos do not have access to players’ financial data. Cryptocurrency casinos also offer instant transactions and low fees. Cryptocurrency transactions are processed much faster than regular bank transfers and do not require high fees, making playing at crypto casinos more economical.
As competition between cryptocurrency casinos grows, each one strives to offer the best conditions for customers. They encourage new players and reward loyal ones with exclusive Bitcoin bonuses, crypto tournaments, special VIP programs and more. Some, like Dama NV casinos, accept cryptocurrencies exclusively.
Advantages and Disadvantages of Playing with Bitcoin
Let's take a closer look at the pros and cons of Bitcoin gambling. There are a lot of nuances and features to consider. Take a look at the main advantages in the table below:
| Advantage | Description |
| It is decentralised. | There is no regulatory body that controls all transactions and can freeze accounts, etc. Only you own your money, control it and see the balance. |
| It is safe. | Third parties cannot see or steal your payment information. Transactions do not require you to enter personal data. Also, the payment cannot be cancelled. An agreement is automatically created between the parties, making the transfer less risky. |
| It is fast. | It does not matter in which country the casino is registered. Bitcoin transfers are almost instantaneous. |
| There is no inflation. | The number of Bitcoins is limited to 21 million. The growth in the volume of coins is predictable, so they cannot be issued like fiat currencies and thus provoke inflation. |
| You can get bonuses. | Just like in traditional casinos, you can get any bonus you want. These are not only Bitcoin casino free spins or tickets to tournaments, but also a cash prize in Bitcoin. |
Of course, like anything else, Bitcoin has certain drawbacks. For some, they are insignificant, while for others, they are an obstacle to playing in a crypto casino. It is better to familiarise yourself with the nuances right away to avoid problems later. Here are the main disadvantages:
| Disadvantage | Description |
| It is volatile. | The price of Bitcoin changes daily. The reason for this is a limited supply and growing demand. After sharp jumps upward, the price gradually decreases, but this can be a problem when buying currency. |
| It is not the main payment method. | It is currently believed that Bitcoin is available on 70% of iGaming platforms. It may not be available in some online casinos. Even if you like an operator, you will have to choose another one because of the inaccessibility of cryptocurrency. |
| It is untraceable. | In many cases, anonymity is a plus. But sometimes it plays against the casino because of the possibility of criminal activity. That is, fraud can get away with it because it is difficult to track. Nevertheless, other monitoring tools are being actively implemented. |
How to Deposit to an Online Casino with Bitcoins
Before you can start any Bitcoin deposit transaction at an online casino, you need to follow these steps:
| Steps | Description |
| Step 1: Choose a casino that supports Bitcoin. | Before registering and depositing, make sure that the casino accepts Bitcoin. |
| Step 2: Get a Bitcoin address. | Each casino has its Bitcoin address that is used for transactions. Usually, this information is available on the “Cashier” page. Some companies send the address to your email immediately after registration. Another option is to contact customer support. |
| Step 3: Buy Bitcoin. | Before you can send Bitcoin to a casino, you have to buy them. There are several ways to buy them: via bank transfer, credit or debit card, or other payment systems such as PayPal or Skrill. You can also buy Bitcoins at a cryptocurrency exchange or use an ATM. |
| Step 4: Make a deposit. | After purchasing the currency, transfer a certain amount to the casino’s Bitcoin address. To do this, you need to open your wallet, select the “Send” option, paste the copied address into the appropriate field, enter the deposit amount and confirm the action. Some casinos may have a different procedure. |
That’s it. After that, you can choose any game and place real money bets. If you win, you can withdraw your cash in the same way. But what Bitcoin casino games are available for cryptocurrency? Let’s find out.
What Games Can You Play with Bitcoin?
Games vary from casino to casino and from country to country, but operators usually offer a wide range to satisfy the different tastes of punters. Here are some of the most popular games usually available at online Bitcoin casinos for Australians.
Card games are one of the most popular options, and you can play against both a computer and a real dealer. Bitcoin casino live dealers create the atmosphere of land-based establishments. Most people choose poker or its variants, including Texas Hold’em, Omaha, Draw, Chinese Pineapple, Stud and others. It's worth preparing before starting the game since the result directly depends on your skills. If you want to win some Bitcoins, read the rules and familiarise yourself with the basic strategies.
Roulette, Blackjack, Baccarat is also very popular, and the rules are quite simple. Punters place bets on a number, colour and even/odd. If they’re correct, they receive their payout in Bitcoins. Most often, crypto casinos offer American, European and French variations.
Australians also have access to lotteries, scratch cards, video poker, keno, sports betting, crash games, craps and more. Choose what you like because that’s what new online casinos are all about. Land-based ones cannot boast of such a choice.
Pokies with Bitcoin
Bitcoin slots are offered in various themes and variations, including classic three-reel and modern five-reel pokies online. They have a variety of symbols, bonus rounds and other features. If you make the right combination, you win.
Many pokies have special symbols. For example, Wild substitutes for any other symbol on the reels, thus increasing the chances of winning. Scatter launches bonus rounds and gives free spins. Bitcoin slots also offer the chance to win a progressive jackpot that keeps growing with each bet until someone wins it. This way, you can win a huge sum. Choose from the most popular Bitcoin pokies online available to Australians.
| Game Title | RTP | Minimum Bet | Bonuses |
| Book of Dead | 96.21% | 0.10 mBTC | Free Spins |
| Starburst | 96.09% | 0.10 mBTC | Wilds bonus game |
| Gonzo's Quest | 95.97% | 0.20 mBTC | Free Spins |
| Mega Moolah | 88.12% | 0.25 mBTC | Progressive Jackpot |
| Thunderstruck II | 96.65% | 0.30 mBTC | Free spins and bonus games |
| Immortal Romance | 96.86% | 0.30 mBTC | Free spins and bonus games |
| Jack and the Beanstalk | 96.30% | 0.20 mBTC | Free spins and bonus game |
Gaming on mobile with Bitcoin
Providers are actively using HTML5, so all of the above games are supported on mobile devices. This is necessary for modern punters since the phone is with us everywhere. You can place bets on Bitcoin anywhere and anytime. Tablets and phones with the Android/iOS operating system are suitable. It doesn’t have to be the latest model, and technical requirements are quite low, especially if the casino has its app. Just make sure before registering that this is a mobile Bitcoin casino. The information should be available on the website or in the support service.
