Bitcoin and other cryptocurrencies are quietly changing the way we collectively view and manage our finances — and nowhere is that more apparent than in online gambling. Over a quarter of online gamblers used crypto in the last year, way up from just five percent back in 2017. It’s easy to see why.
Using Bitcoin and other cryptocurrencies to gamble at online casinos gives you a level of privacy and security previously unavailable to online casino users.
The challenge? As more and more online casinos open their doors to players who choose Bitcoin or other cryptocurrencies, picking the right gambling experience is getting trickier.
Wondering how to choose a secure, anonymous, fair, and fun Bitcoin casino? We’ll tell you what to look out for!
Look for Provably Fair Online Bitcoin Casinos
The house always has to win in the end (casinos are in business to make a profit, after all), but have you ever wondered how fair the games you play are? With provably fair technology, you can verify instead of trusting — making sure the outcome of luck games is actually random. Bitcoin casinos that use provably fair RNGs let you know that they’re committed to transparency, offering a wonderful and fair playing experience, and responsible gambling.
Check the Bitcoin Casino’s Cybersecurity Measures
Most of the non-negotiable security measures you’ll look for in Bitcoin casinos also apply to “regular” online casinos, like:
- SSL encryption.
- Regular security audits and pen testing.
- Two-factor authentication options (ideally including hardware tokens)
You also have Bitcoin or crypto-specific considerations, though.
Because there’s limited financial recourse if Bitcoin is hacked and stolen, it’s up to online Bitcoin casinos to do everything in their power to keep the funds safe.
That means cold storage — in locations completely isolated from the internet — is absolutely essential. Hot storage should be limited, and the casino should have procedures in place for timely transfers.
Make Sure You Retain the Privacy Advantages of Cryptocurrencies with Privacy-Minded Casinos
We all know that, (contrary to popular belief), Bitcoin isn’t actually untraceable, but the fact that your name and sensitive information don’t have to be associated with it offers a huge advantage.
If anonymity is one of the main reasons you’re drawn to playing at Bitcoin casinos, make sure the casino you choose respects that, and doesn’t ask for excessive private information.
Pay Attention to Licensing
Not all reputable online casino licensing organizations can regulate Bitcoin and crypto casinos. Some licensing boards that are crypto-friendly include the Curacao Gaming Commission, Malta Gaming Authority, Isle of Man Gambling Supervision Commission, and Gaming Commission. Don’t just take a casino’s word for it, though, and always verify their licenses with the board in question before playing.
Evaluate the Player Experience
This goes without saying. You have some special considerations when choosing a crypto casino, but that should never take priority over the playing experience, which is, after all, what you’re there for.
The Bitcoin casino you choose to play at should have all your favorite games offered by leading software providers like Evolution Gaming, Microgaming, and NetEnt (all of which have crypto-compatible versions!). Don’t settle for casinos with little variety. You’ll also want the same kinds of bonuses and promotions other online casinos offer, like welcome bonuses, free spins, and loyalty programs.
Research the Bitcoin Casino’s Reputation and Check Reviews
Reviews aren’t everything (and they aren’t always honest, either), but checking reviews and Googling around to learn more about any Bitcoin casino you’re considering playing at is a must. Reviews will give you a better idea of the casino’s customer support, payout speed, stream quality, and dispute resolution process.
Want a head start? Some of the most reputable and well-known Bitcoin casinos include:
Cloudbet, the first crypto casino. It’s famous for its game variety and sports betting options, has a rock solid reputation, and accepts over 30 different cryptocurrencies.
BitStarz, which accepts Bitcoin, Ethereum, other cryptocurrencies, and fiat currencies alike. This casino offers generous bonuses and has great game variety.
FortuneJack, a Bitcoin and crypto casino famous for its great live dealer games.
(Don’t take our word for it, though. Go test your casino-evaluation skills on these Bitcoin casinos by looking at reviews, verifying their licenses
and security measures, and exploring the game variety they each offer players.)
A Final Word
Crypto gambling is picking up steam so quickly that it’s hard to keep up with the industry. If you’re lucky, it’s quite possible that some of your favorite casinos (which you’ve already vetted) will start accepting cryptocurrencies any day now. Even if that happens, it’s still important to check their approach to crypto storage to make sure your deposits are safe.
Now, go forth and pick the best Bitcoin casino you can find — and have fun with your safe, anonymous, and fair gambling experience!
