Bitcoin

bitcoin crypto wallet

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.

💰 Why are Bitcoin casinos a popular choice for punters?
They offer a safe and anonymous way to gamble. Also, punters can get higher rewards and bonuses because Bitcoin casinos dont have high transaction costs and payment system fees.
📋 Is it legal to play online casino games with Bitcoins?
Yes, Australian law allows Bitcoin casinos. The main thing is to choose legal and safe casinos.
👉 What are the advantages of playing in a Bitcoin casino Aus?
They offer greater anonymity, fast transactions, no fees and better bonuses and player perks.
🎰 What types of games are available in Bitcoin casinos?
All types of games are available in BTC casinos, just like in regular casinos. These include pokies, roulette, blackjack, baccarat, Texas Holdem and others. Check out the more detailed Bitcoin casino list and its games above.
🤨 Is it safe to play in a Bitcoin casino?
Yes, because the blockchain guarantees complete security and anonymity. However, like anywhere else, there is a risk of encountering unscrupulous casinos or hackers who can use Bitcoin casino sites to steal personal data. Therefore, it is important to choose trusted and licensed Bitcoin casinos in Australia.
🤑 What are the deposit and withdrawal methods at Bitcoin casinos for Australians?
BTC casinos usually allow deposits and withdrawals in Bitcoin or other cryptocurrencies. In low deposit casino Bitcoin, traditional payment methods may also be available.
🆓 Is it possible to play for free?
Many Bitcoin casinos Australia offer the possibility to play in demo mode without real bets. This allows you to familiarise yourself with the rules and payouts of casinos without taking unnecessary risks.
👉 Do Bitcoin casinos have a loyalty program?
Most of them offer loyalty programs. You earn points for being active and receive rewards depending on your level in the program.
👉 Do Bitcoin casinos have payout limits?
Some operators set minimum and maximum limits. This is one of the conditions for responsible crypto gambling Australia. However, these limits are much wider in new Bitcoin casinos than in traditional ones. Minimum deposit casinos are an excellent option for beginners.
🎰 How fast are Bitcoins credited to an online casino account?
Funds are credited to the account instantly due to the absence of intermediaries in the form of the banking system and other financial instruments.
🎁 What bonuses are available in Bitcoin casinos?
You can get no deposit bonuses, interest on your first deposit, free spins and others. Bitcoin casino bonuses are often higher than in traditional casinos. Choose free spins casinos if you like pokies, as this will significantly increase your chances of winning.
💳 What are the requirements for player verification at Bitcoin casinos?
You can get no deposit bonuses, interest on your first deposit, free spins and others. Bitcoin casino bonuses are often higher than in traditional casinos. Choose free spins casinos if you like pokies, as this will significantly increase your chances of winning.
📈 What are the most popular online Bitcoin casinos?
You can try BC.game, Wild.io, Metaspins, mBit, Winz and others. Start with demo versions and see if the site suits you.
📱 What devices can I play on?
YYou can play on a PC, but there are also many mobile online casinos. It is more convenient, faster and more affordable.
👉 What other cryptocurrencies are popular in online casinos?
Almost all existing digital currencies are actively used in virtual gambling today. However, the most popular and widespread are Bitcoin Cash, Ethereum, Litecoin, Ripple and Dogecoin.

Author: Gabe Bais

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