The Real Differences Between Online Casinos and Bitcoin Casinos

If you are new to gambling of any type but are interested in gambling online, you have likely already looked on the web for different casinos and sportsbooks you can play at. If you have found this article, you have searched well — but with hundreds of options out there, you probably need a little help deciding.

One of the most important decisions is whether you want to gamble at a traditional online casino or a Bitcoin casino. As a Bitcoin review and informational website, we can definitely tell you that the safest way to gamble is via Bitcoin. If you don’t have any Bitcoin (BTC), don’t worry — it isn’t as difficult as it may seem to acquire some to gamble.

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First things first: Bitcoin casinos are far safer in terms of transactions, both when depositing and cashing out. At online casinos that use cash, your bank could decline your transaction due to online gambling laws. And your winnings could be confiscated if you are caught gambling via hard (fiat) currency.

However, with Bitcoin, your gambling is anonymous and your funds are never tied to you by name. Nor is your account if you choose the right Bitcoin casino. Using a Bitcoin casino means you can curtail the online gambling laws that exist in places like the U.S., U.K., Australia, and so on — this means Bitcoin gambling is legal (well, it’s a grey area, but no one can take action or take your Bitcoin — they couldn’t anyways since your name and information are never attached to your Bitcoin).

Let’s take a look at more differences between traditional online casinos and Bitcoin casinos to see which is the best fit for you.

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Currency

As we just went over a bit, one of the main differences between online casinos and Bitcoin casinos is the types of currency used to make deposits and withdrawals. Bitcoin casinos are the best bet since they only process deposits and withdrawals using BTC; where online casinos only use credit cards and bank transfers to use hard cash (e.g., USD, GBP, EUR, and so on). Bitcoin casinos only deal in Bitcoins (BTC) for a variety of reasons.

First, there aren’t any transaction fees when you deposit or cash out using BTC. When you gamble on traditional online casinos with other forms of currency, you likely will end up paying transaction or processing fees every time you deposit or withdrawal.

Secondly, processing time for Bitcoin is instant in nearly all cases — but for regular currency, you will wait at a minimum of hours (but more likely days) to process. Many forms of cashing out (like checks) can take weeks. Playing at Bitcoin casinos means that transactions are instant because the deposits and withdrawals simply go directly to and from your anonymous Bitcoin wallet.

Finally, Bitcoin casinos are far safer options to gamble, both in terms of your identity remaining secret and your Bitcoins being safe. Bitcoin transactions are anonymous and highly encrypted, so it is virtually impossible for anyone to steal your Bitcoins. Online casinos, however, are not anonymous and many forms aren’t secure. This makes you more vulnerable to scams or straight out thefts (especially if you use a credit or debit card online).

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Advantages of Gambling at Bitcoin Casinos

When enjoying a Bitcoin casino, you have the ability to win additional Bitcoin with your earnings. Even if traditional online casinos allow you to make transactions via BTC, they will also only offer you the ability to withdrawal with cash only in exchange for the use of Bitcoins.

If you have been taking a look at the value of Bitcoins lately, you will know that its value continues to skyrocket. This means that if you hit jackpots and earn bonuses in BTC rather than other forms of currency, you are winning more money at a Bitcoin casino than you would be at a traditional online casino.

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Withdrawal limits — traditional online casinos often have rules that limit the amount of winnings you can actually cash out per day. The processing time for transactions at online casinos also vary. Players at Bitcoin casinos, however, never have to worry about withdrawal limits and all of the transactions are instant (no waiting).

These are two huge advantages for players who want to win jackpots or high rollers who want to make large wagers without any house restrictions.

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Conclusion: Bitcoin Casinos are Simply the Better Choice

Waiting for funds or your winnings are not fun. Nor is paying fees just to make a transaction — you can avoid waiting and fees by using Bitcoin to gamble. Also, as the value of Bitcoin rises, the BTC you have yet to deposit ends up being valued more than regular currency, which means you end up gambling and winning more money.

There are many differences between traditional online casinos and Bitcoin casinos, but one of the more important parts of BTC casinos (for most players) are: the instant transactions and the anonymous nature of gambling and using Bitcoin at these casinos.

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Understanding the Security Behind Bitcoin Gambling Websites

Bitcoin (BTC) has become a very secure form of currency these days. This cryptocurrency can be volatile, but it has seen a steady rise across a number of industries across the globe — a rise that is the result of what is now a reasonably stable platform. One of the most popular industries to find Bitcoin being used more and often is online gambling casinos — the huge popularity of Bitcoin casinos is partially due to its anonymity for the players and safe transactions using Bitcoin. It’s plain to see how BTC currency is likely to continue rising and remain a stable source of alternative currency around the world.

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How is Bitcoin Anonymous?

The Bitcoin protocol has an anonymous environment (through a P2P, or peer-to-peer exchange network) — this means that Bitcoin transactions and the Bitcoins themselves are never tied to any form of identity, unlike hard (fiat) currency like USD, EUR, GBP, and others. Bitcoins can be bought and stored anonymously in e-Wallets, which do not have any personal information either — nor are they tracked in any way by any agency (such as the government, regulatory agencies, the IRS, banks, etc.).

Bitcoin wallets have also become more and more secure the last few years. While some people may be concerned with the safety of their Bitcoins within their e-Wallets, you really shouldn’t be. There have been some occurrences in the past where there have been large-scale thefts (example: Mt. Gox in 2014), but if you properly secure your e-Wallet and private key, your BTC are safe.

So, let’s take a look now at the security behind Bitcoin itself and how Bitcoin casino and other gambling websites take precautionary measures to keep your BTC safe.

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Security and Encryption with Bitcoin

As you may already know, Bitcoin is the leading cryptocurrency available around the world — because of the nature of digital currencies, cryptography is a key element. The Bitcoin protocol has an incredibly anonymous and secure environment that makes it perfectly accessible to anyone and doesn’t require any personal information at all.

The encryption is called “Proof of Work,” or POW, and this system uses an SHA-256-encryption, which is used throughout the entire verification system. The transaction blockchain is also extraordinarily secure due to its decentralized structure. Decentralized structures have become all the rage in digital currencies these days due to its incredible structure of complete anonymity and the fact that nobody has control over the currency (such as a government).

This is one reason why Ethereum (in which the “coins’ are called Ether) has become so incredibly popular as well — it’s decentralized, completely transparent, not under anyone’s control, and is completely anonymous.

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Bitcoin Gambling Sites

When you are a Bitcoin gambler (or even someone who simply wishes to invest in Bitcoin and keep it as the value rises), this method of gambling is ideal. Especially if you live in the U.S., Australia, the U.K., or other countries where gambling online is restricted using traditional currency — Bitcoin (BTC) offers a way around the law. Bitcoin is not considered a currency because no government owns it — the value is established and rises and falls, but it is not a hard currency, therefore it is a gray area in terms of regulation. This means you are free to sign up and gamble via Bitcoin on most Bitcoin casinos without fear.

Additionally, Bitcoin doesn’t go through your traditional bank, so you don’t have to worry about your money being declined, your credit suffering, your bank knowing your personal information regarding gambling habits, or anyone else knowing. Bitcoin is stored in your e-Wallet and you can deposit and withdrawal funds from a casino using your unique e-Wallet address. Your funds are also offered and accepted instantaneously, which is even better – no waiting time or processing. And everything is completely anonymous.

Be aware, however, that while your Bitcoin is always anonymous, the online Bitcoin casino you sign up with may request personal information — it is up to you whether to give them that or find a Bitcoin casino that is completely anonymous (and there are great options out there for the latter).

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Bitcoin Gambling Sites — BTC Security

In order to retain security within the Bitcoin environment, the trustworthy and reputable Bitcoin casinos websites will help to protect their customers’ anonymity — some casinos can still be trustworthy, but are regulated and licensed and thus, require personal information.

However, the best Bitcoin casinos that offer complete anonymity will allow you to sign up without providing any personal information (for example, simple enter any email address, username, and password you wish). Some Bitcoin casinos even forego the registration process and allow you to gamble using a unique digital address they will give you so you can deposit BTC, gamble, and withdrawal any time.

The entire process at a Bitcoin casino is similar and shows that this cryptocurrency can change the online gambling landscape by offering a truly anonymous and secure environment for players to gamble in. If you have no personal information stored on the online site and you use Bitcoin, which also store no personal information (and is very secure), then you have little-to-no risk of becoming a victim of identity fraud through hacking.

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Wallet Storing

If you want to keep your Bitcoin secure, you must also manage your Bitcoin wallet properly. There are different ways that people store their cryptocurrency, and this will have an influence on how safe your funds are.

Essentially, there are three ways to store your Bitcoin wallets:

  • Print your wallet and store it offline; with both a private and public key printed onto the paper wallet (for obvious reasons, this is not the most commonly used method of securing Bitcoin wallets — if you lose the information, the Bitcoins stored in the wallet will be lost forever)

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  • Hardware wallets are a more concrete form of securing your wallet and is the most secure. If you have invested in a lot of BTC and worry about keeping your investment safe, this is a common way of doing so. The information is kept completely offline in hardware and all of your key data will be stored in a protected area of a microcontroller. That protected area is immune to software and viruses, which means it cannot be stolen. However, again, if your hardware is lost or destroyed (like in a fire), you may not be able to recover your funds.

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  • Finally, Bitcoin wallets are stored online — this is the most popular method of storing Bitcoin around the world. Much in the way PayPal wallets work, an online e-Wallet is convenient, can be accessed quickly and easily, is extremely secure, is not at risk of being lost or damaged, and can be used instantly without having to look for your information on a piece of paper or an offline hard drive.

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The security behind Bitcoin casinos aren’t perfect — some can have substandard security, some are blacklisted for not paying customers, and some are simply dishonest and rig their games. Thankfully, we and a host of other review sites and organizations find these casinos before they can do too much damage. If you check around and pick a well-respected and trustworthy Bitcoin casino, you will have a great time gambling, a secure account, and be protected with complete anonymity.

While Bitcoin is still in its infancy, we do know that as it has developed and increased in popularity worldwide, the better the security levels have increased on online gambling websites.

 

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Value of LTC (Litecoin) Increases Dramatically and Is Preventing BTC Scaling

Litecoin value has been increasing alongside Bitcoin and Ethereum — with an uptick by 700 percent, Litecoin is growing, whereas Bitcoin is still being prevented from scaling due to politics. So, should you invest more into LTC or wait it out on the BTC front? A lot of investors and Bitcoin gamblers are keeping an eye on the SegWit (Segregated Witness) malleability fix and how it will be affecting Litecoin.  Let’s take a look.

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Rise in Litecoin Values

During the past month, there has been a remarkable rise in Litecoin (LTC) values. While many investors assume that this altcoin currency would be dead in the water, it seems like that isn’t the case at all. In fact, if you’re looking for a good reason to invest, the stock is heading in a very bullish direction.

Litecoin value has increased by over 700 percent. This is because of SegWit locking in and the Coinbase listing. It is clear that things are looking a bit brighter for Bitcoin’s silver sibling.

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Why it Continues to Soar

Litecoin has come a long way in a month — just earlier this year, a single LTC had a value of $4 USD — this was a great increase from its previous ATH of $48 USD in 2013. Ever since, a lot of people besides cryptocurrency gamblers have forgotten about this altcoin. Now, Litecoin is on everyone’s mind.

Not long ago, LTC locked in the activation of SegWit — this is a major benefit for this popular altcoin. Bitcoin is also trying to get SegWit activated, but keeps meeting a lot of opposition from BTC miners. The impending activation of SegWit has done well for the price of LTC — a 700 percent increase is nothing to sneeze at.

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The gain of Litecoin and its continuous soar isn’t just attributed to the Segregated Witness (SegWit) activation locking in, however. Coinbase is an extremely popular US-based cryptocurrency exchange and has enabled support for Litecoin, too. This has given Litecoin yet another boost forward in terms of value. It looks like LTC is underway to surpass $30 USD again. It can be hard to tell when this soaring increase will end, but it’s not out of line to say that the value of LTC could hit $50 USD before it slows.

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What is Next?

We have to remember that Litecoin doesn’t have some of the same issues as Bitcoin, so it’s unwise to compare the two equally. LTC, for example, never had full blocks to begin with (whereas it’s very common in the Bitcoin network). There are also a lack of demand for Litecoin, especially from a consumer and merchant point of view. For Litecoin gamblers, this can be something to take advantage of.

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The question on everyone’s mind is if Litecoin can maintain their value trend in the long run. Unfortunately, we can’t see that far ahead and many people still view Litecoin as a testbed for Bitcoin.

If you are holding on to Litecoin, you should keep a hold of them, as you may see the LTC value increase in the coming weeks. Keep an eye on the SegWit malleability fix and how it will potentially affect Litecoin.

 

Resources

Coinbase: https://www.coinbase.com/?locale=en-U

SegregatedWitness (SegWit): http://segwit.co/

CoinMarketCap: https://coinmarketcap.com/currencies/litecoin/ 

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Bitcoin.Casino Now Asking Provably Fair Bitcoin Casinos to Join its Network: Why This is Great News for Bitcoin Gamblers

Bitcoin.Casino Now Asking Provably Fair Bitcoin Casinos to Join its Network: Why This is Great News for Bitcoin Gamblers

Bitcoin.Casino is a guide much like ourselves here at Bitcoin-Gambling.net. Weeks after being acquired by Casino Holdings Inc., Bitcoin.Casino is now inviting casinos who offer Provably Fair technology to its players, to join their network of trusted Bitcoin online casino reviews.

Because of the explosion of Bitcoin Casino popularity over the last few years, it is more important than ever to read reviews, news articles, and other publications like we offer here at Bitcoin-Gambling.net in order to get the best information on a casino before you start playing there with your Bitcoin.

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The Surge in Popularity

Especially for American players, gambling online has been a rocky thing in the last decade. Thankfully, the rise of Bitcoin gambling and online casinos that accept BTC payments has become more and more popular.

Players from the U.S. and other countries restricted in traditional online casinos have a way to gamble without any issue. This is because Bitcoin itself is a cryptocurrency and not regarded as fiat (hard) currency. This means gamblers who want to maintain anonymity and gamble from the U.S. and U.K. and other countries, can do so legally.

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Provably Fair is a Huge Part of Establishing Trust with Players

When it comes to online gambling, no Bitcoin gambler wants to lose to the house’s edge — especially if it is an unfair edge or straight up rigged to favor the house. New Bitcoin casinos tend to have to prove themselves over a couple of years before earning a reputation as a trustworthy casino. However, this can change anytime without players knowing it.

This is why the new Bitcoin casinos (or established casinos looking to up the ante and attract new players) are best served by offering Provably Fair technology to their players.

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Due to the growing number of Bitcoin players and increasing popularity, there are Bitcoin casinos popping up all over the place — and not all of them are friendly. There are scam sites ready to take your deposits and keep it. This is an especially important reason to check articles such as the latest Blacklists for Bitcoin casinos, so that you can keep your eye on scam sites — you should also take a look at unbiased Bitcoin casino reviews (such as ours at Bitcoin-Gambling.net) so you can see if there are problem casinos that are on their way to the blacklist, so you can avoid it altogether.

The call from Bitcoin.Casino to ask Provably Fair Bitcoin casinos to join their network is only good news for players — it will allow casinos who are provably fair to get some limelight and hopefully encourage other casinos to implement this technology to prove to players their games are fair and trustworthy.

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How Well Can You Trust New Bitcoin Casinos? Reputation is Everything

When it comes to online casinos, reputation is everything. In the world of Bitcoin casinos is no exemption — once a new Bitcoin gambling site has opened, it takes some time to establish a reputation of their own before players begin to trust them with their Bitcoin. And for good reason.

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There are hundreds of sites that are active or once were, that have been blacklisted over time, as players gambled their Bitcoin and fiat/hard currency only to receive excuses or dodges by the online casinos — basically, the casinos were eager to take their money but didn’t have the funds or desire to pay out. This is always something to look out for when choosing a Bitcoin casino to become a patron of and a good reason to read reviews of casinos before committing. Nobody wants to have a bad experience or lose out on their money from some shifty online gambling site based in Cyprus or Costa Rica or even the U.S. or U.K. Because licensed or not, you won’t be getting your money back if they don’t pay you.

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So, Can you Trust New Bitcoin Websites?

As with any website that has to do with monetary transactions, Bitcoin casinos and online casinos (traditional), we always recommend keeping an eye on a new site and see how other players have liked it and reviewed their experiences. Read reviews to see if there have been problems, if they have a good reputation so far of paying out to players, and the pros and cons of the site.

If you don’t want to wait a year or so for the site to gain traction and make a reputation, we recommend starting with very small bets. Whether you use BTC or a hard currency, start small and see if you receive your winnings consistently, if the casino honors bonuses and promotions, and make sure you feel that gameplay is fair (finding a provably fair website is ideal).

The internet is a reflection of the world around us. There will be good websites and bad ones. Trustworthy casinos that will eventually earn themselves a great reputation and ones that will try to scam you. It’s a cold, hard truth, but once you are aware of this, you already have taken steps to avoid becoming a victim.

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Are Online Casinos Regulated, You May Ask?

Currently, most of the internet is unregulated in general and online casinos (especially Bitcoin casinos), are often unregulated. This doesn’t mean that an unregulated Bitcoin casino is untrustworthy — it just means that the country of jurisdiction either does not regulate gambling legally or a server and HQ of a site are in separate countries. It is very difficult to regulate websites because most people don’t know where the servers are. This makes it hard for governments to control.

And in cases such as the U.K., U.S., and other countries that are restricted from gambling online, you won’t find a casino licensed by these governments. Luckily, Bitcoin gambling is not illegal since Bitcoin is a cryptocurrency and is in the grey area where no enforcement can be made by the government.

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There are highly-respected Bitcoin casinos out there that are not regulated and there are amazing ones that do not have a license (e-gaming) — this is where reputation is important. These are typically casinos that have been around for years and have proven themselves through consistent and fair gameplay, RNG certificates, provably fair technology to ensure fairness, and great customer services and banking experiences with players.

If it is a newer site, it is best if it is regulated so you can have a better chance at the site being legitimate as you try it out.

Provably Fair Trading

Bitcoin uses what is called “Provably Fair Trading,” which is a concept that demonstrates the trustworthiness of online casinos to players. As a player, you definitely wish to ensure that the cards, rolls, slot pulls, numbers, etc… are randomly generated (this is called RNG) and not rigged to benefit the house.

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Bitcoin casinos ensure that the house has no edge beyond the game’s natural edge — and some have nearly no edge — that’s a true gambling site. The Blockchain hash is added to gambling results and summarizes what took place before it. This means that in Bitcoin casinos that state they have Provably Fair technology, the player can manually check every card flip, dice roll, or slot pull to make sure it was actually fair.

Basically, Bitcoin ensures transparency if the casino truly means what they say. A hash cannot be tampered with either because of its unique characteristics — this means that online Bitcoin casinos cannot falsify the record.

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How Long Has Bitcoin Been Around?

It often seems like Bitcoin is both new and has been around a long time — time has a funny way of playing tricks on us. Bitcoin itself has existed since 2008 and its security is based on its Blockchain. The Blockchain stores every financial transaction ever made. What makes Bitcoin so popular is not only its anonymity but this is a cryptocurrency that has no monopoly by any man, nation, or organization.

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It is a decentralized structure and this is one of the best attributes of BTC. No single entity controls it, so it is nearly impossible to control or manipulate. Also, it is very transparent (while keeping your identity anonymous) — others can check the Blockchain and ensure that there is no tomfoolery.

Take a look at some of the articles below, which can help to inform you about Bitcoin and Bitcoin casinos (both established and new) and the trustworthiness of these establishments. There are also tips on what to look for in a good Bitcoin casino, what to avoid, and a blacklist of casinos you should steer clear of.

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Facts to Know About Bitcoin Before Gambling at Bitcoin Casinos

Introduction

If you are new to this site, you have probably seen all of the reviews of different Bitcoin casinos and other online gambling establishments that accept this cryptocurrency. While you may or may not have been aware that there were such things as Bitcoin Casinos, you have most likely heard of Bitcoins themselves.

This article is to inform those making the leap into gambling at Bitcoin Casinos, and let you know a couple of things about this digital currency and using it at Bitcoin Casinos online.

If you have some time to waste, are looking to test your skills, looking to have fun playing games of luck, or want to make a bit (or a lot) of money playing online casino games, you should look into Bitcoin Casinos over that of traditional casinos.

Benefits of online gambling, wagering, and playing games are worth while. You can save a ton of gas money, save driving to another state where you are legally allowed to gamble, you can play online from your own home, you can deposit and cash out conveniently, and you can use the accessible digital currency of Bitcoin.

Bitcoin’s value continue to rise, surpassing the value of Gold even. When you consider the advantages of using Bitcoin and playing at Bitcoin casinos online, it is a no-brainer, especially if you live in countries such as the United States, where gambling is prohibited in nearly all states, including online.

So, here are some things you should know about Bitcoin Casinos:

  • It is legal
  • There are a ton of games to play and bets to wager on
  • It is much faster
  • It is anonymous

 

Legality

Gambling is a great way to entertain yourself — most of us cannot make it to Vegas or Atlantic City and more importantly, don’t want to, in order to gamble. There are casinos in a lot of states beyond the AC and Vegas, though — however, when it comes to gambling, every player wants to make sure they can engage in fair gameplay and do so without getting into trouble.

In the U.S. and other countries where online gambling is often restricted, you can get around this issue via Bitcoin Casinos. Bitcoin is a gray area when it comes to gambling — Bitcoin is not regulated like traditional online currencies and Bitcoin casinos are also not regulated like regular fiat (hard currency) casinos.

This means that players from the U.S., U.K. and other countries that are typically restricted from gambling online, are legally allowed to sign up and gamble using Bitcoin. Furthermore, Bitcoin itself is anonymous — you don’t need to attach a name or bank account to your Bitcoin e-wallet, so you can use this cryptocurrency anonymously at online Bitcoin casinos.

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Huge Range of Games

Bitcoin casinos are known for having a massive amount of games to choose from. The game type with the most variants to choose from is typically slots, but from video poker, table games, live games, card games, dice, specialty games, and other classics, you can get any game you can play in brick and mortar casinos — and then some.

Many Bitcoin Casinos also have sportsbooks or you can sign up at a Sportsbook and Racebook that features casinos games as well. Either way, you can bet on just about anything.

Bingo, blackjack, dice, roulette, craps, baccarat, poker, live games, slots, lottery, and hundreds of variants, you will definitely find a variety of entertainment options at Bitcoin Casinos. Some online casinos are better than others, so be sure to check out our reviews before committing to one.

Fast

One of the great aspects of Bitcoin Casinos is the speed of transactions. Bitcoin is a cryptocurrency that lives in the digital world — through e-wallets, they allow for instantaneous deposits and withdrawals.

You don’t have to worry about waiting for credit card transactions, contacting your physical bank, or working around your bank’s open hours — Bitcoin is 24/7/365 and is always available to be deposited and cashed out immediately. It is safe, anonymous to use, and is rising consistently in value over that of hard currency.

In addition to avoiding banker’s hours, when you do win and wish to withdraw your funds, you can do so much more readily with BTC. credit cards can take 3 to 7 days (sometimes more) to process (depending on the online casino), but Bitcoin is typically instant and at the most would take 12 hours.

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Anonymous

When it comes to gambling, it sucks being treated like anything but an adult. One of the more important things to know about Bitcoin cryptocurrency is that you won’t run into any problems using it to gamble.

Some credit reporting agencies and banks who issue you credit cards may downgrade your credit for gambling. They can also flat out deny you the ability to deposit to an online casino if you use your credit or debit card.

Bitcoin is anonymous and doesn’t have to tie back to you at all – there is no personal information, no name, no address, no anything. If you don’t want someone asking you about your gambling habits during your next loan application and wish to separate your regular life and gambling life, Bitcoin is the way to do it.

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Bitcoincasino.us Adds New Casino Slot Games

Many of you Bitcoin casino players favor the Bitcoincasino.us online casino. With a really nice interface, colorful games, a wonderful range of games to choose from, and easy banking, Bitcoincasino.us has added to their collection with brand new slot games.

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Bitcoincasino.us: Review

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If you want to play some free slots, take advantage of the new opportunity for new players at this online casino. They are offering a generous range of free spins and welcome bonuses. Just head to the welcome screen and you will see which slots and other games are hot right now — this site displays who and when a player is having a lucky streak (via their anonymous username, of course), so you can get in on the action.

Slots are probably the most popular Bitcoin casino game and activity in any online casino that offers it. Even on sites where a range of games are offered in the dozens, the slots section tends to have hundreds and hundreds of different options — all to appeal to the huge demand for this game.

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With Provably Fair technology, American-friendly / anonymous signup, Bitcoin banking, welcome and on-going bonuses, as well as a new range of additional slots to choose from — if you like slots and just about any other Bitcoin casino game (including dice), give Bitcoincasino.us a try.

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One of the great things about this online Bitcoin casino (as well as most other Bitcoin casinos and sportsbooks we have reviewed on our website) is they accept players from the U.S. — so, if you were wondering if you could sign up, you can — again, click on the link of our review above to see the details. Bitcoincasino.us is not just U.S. player-friendly, but it actually targets American players and their needs.

Take a look at the new slots selection at Bitcoincasino.us and let us know what you think!

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Why Bitcoin Casinos are Better Options than Traditional Online Casinos

Bitcoin casinos and hybrid casinos that accept Bitcoin have become more and more popular over the last 5 to 8 years. The popularity of using crypto currencies like BTC, but also others such as Litecoin, Dogecoin, Ether, etc… made their way into online sportsbooks and casinos with great success.

So, what is it about Bitcoin Casinos that make them a better place to place wagers, gamble, and play your favorite casino games? Well, there is a list of pros and cons below that reflect the reasons most gamblers around the world prefer to use BTC over fiat (or hard) currency.

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Pros

  • Payout Rates are Better

Online Bitcoin casinos tend to offer higher payouts since their site has fewer costs than regular hard-currency gambling sites. There are no costs needed to obtain gambling licensing, for example.

  • Legal Aspect

Bitcoin (BTC) is not an official currency, so gambling and playing games of hazard is not directly illegal. The U.S. and other countries sometimes have gray areas where Bitcoin gambling is concerned — so, while online gambling is illegal in this jurisdiction, Bitcoin gambling is not and there is virtually a zero percent chance that you will get in trouble — this is mainly due to the next positive aspect most players love about Bitcoin casinos.

  • Anonymous Transactions

The anonymity of Bitcoin casinos are one of the most popular aspects of these cryptocurrency casinos — this is a huge strength that offers players an anonymous option to gamble online and use BTC as currency without having to enter any personal information or banking information.

In addition, a strength of Bitcoin is present in the casino transactions as well. You can deposit and cashout via e-wallets and transfer your BTC easily, instantaneously, and without fees.

Not all Bitcoin casinos are completely anonymous with their signups, so take a look at the registration process in our reviews on this website or when heading to a new Bitcoin casino, take a look to see what information they require upon signup.

Anonymous gambling via Bitcoin is most popular among players from typically-restricted countries like the U.S. and U.K., where gambling with traditional currency online is prohibited. Bitcoin gambling offers a way around this.

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  • Faster Transactions

Bitcoin transactions occur very quickly, and this is a huge bonus to BTC gambling websites. When depositing and withdrawing your funds, online Bitcoin casinos can get you gambling quicker and cashing out instantaneously. Alternatively, traditional fiat/hard currency gambling sites can take days and days to set your account up with money, and a lot longer to allow you to withdrawal your funds — processing times become tedious in traditional casinos — with Bitcoin casinos, transactions are instant in nearly all cases.

  • No Transaction Fees

Costs for deposits and cashing out are non-existent. Rather than having to pay fees as you typically do with traditional online casinos, Bitcoin casinos use e-wallets to transfer BTC into your account. This process is immediate and you don’t have to wait. It is also safer and since you are not using your debit or credit card, there is no chance that your funding could be rejected because it comes from a gambling site.

  • No Tax Issues

Regardless of where you reside, your government will not and cannot tax you, even if they magically had this information and wanted to. This is because you don’t need to set your real name when opening for a Bitcoin casino account and in many cases, you don’t need a name at all — just an email address. Also, Bitcoin is anonymous and your e-wallet is safe from prying eyes — including the governments.

Most traditional hard-currency online casinos ask for bank account information, personal information, official ID, a copy of credit cards, and even passports. No thanks! Bitcoin can save you from this.

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Cons

As with anything, there are always potential cons, depending on if these issues matter to you as an online gambler.

  • Lack of Regulation

With Bitcoin casinos, there is less regulation — no one is observing everything that is happening when it comes to any Bitcoin-based business. Since there is less regulation, it is up to you to read unbiased reviews, keep an eye out, and make a decision about an online casino yourself. Take care in choosing the right BTC Casino for you. Only try your luck on reliable, stable, and online casinos that have a good track record of paying out to players. Also check the “Blacklists” which have up-to-date information on casinos to avoid and to watch out for.

Make sure you check before you commit

Make sure you check before you commit

  • No Official Gambling License

Since there is less regulation and just about no standards on Bitcoin gaming, there may be platforms out there that may try to cheat you. This is why it is important to check recent Bitcoin Casino Blacklists, check their reputations online yourself, read reviews, and see what other players’ experiences have been before you play on their platforms and deposit money.

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How to Recognize and Avoid Untrustworthy, Rigged, and Scam Online Casinos

How to Recognize and Avoid Untrustworthy, Rigged, and Scam Online Casinos

Whether you have played different Bitcoin casinos online or are seeking out reviews to the best ones, you have probably noticed that there are hundreds of casinos to choose from online. Each casino is looking to make revenue and take your deposit — unfortunately, not all traditional and Bitcoin casinos are as eager to give you your money back.

Some don’t honor their word and may not pay players who join affiliate programs; some don’t follow their own terms and conditions; some seize your funds and you are left without any recourse; and some claim to offer fair games but tweak the gaming codes to give themselves a better house edge (or plain rig the game).

These scam casinos do exist and run rampant online until they are caught and the word gets out. Unfortunately, this means that there are plenty of victims out there who have gambled their money and got taken advantage of.

We will speak more about some of these online casinos who have been blacklisted shortly, and we’re sure you’ll be surprised at how many there are — you may have played at these casinos or have considered them as you have browsed for the perfect Bitcoin casino to play at.

 

How to Avoid Becoming a Victim of a Scam / Rigged Casino

One of the questions you may ask yourself is how can you separate the honest and safe casinos from the bad guys. How can you tell which ones you should avoid and which ones are safe to join?

Well, it’s not always easy and not always foolproof, but one excellent way is to do what you are doing now — referring to a blacklist. A blacklist is essentially a list of these scam or rogue casinos. Casinos are added to this blacklist when credible complaints are made by players/customers/third parties regarding how they have either been mistreated or stolen from — with the proof to match.

These blacklists are a great source of information. They allow potential players to check out which online casinos have been pulling a fast one on players and ensure that they do not join a casino that has already been found to be shady.

 

Blacklists Vary

Now, a blacklist is not foolproof. Not all blacklists are universal like a casino has been arrested and has a rap sheet — on the contrary, blacklists will have their own list of casinos, but a master list is not likely to make itself available since casinos are added all the time. While the lists may be different, checking out multiple blacklists, such as ours, as well as others, is a great way to quickly check out potential casinos before you commit and deposit your cash.

 

What Does a Casino Have to Do to be Put on a Blacklist?

There are some common reasons why scam casinos end up on blacklists — there are a range of common shenanigans that they pull on their players, including the following.

 

Unfair Games

All casino games should be sufficiently random in order to be fair. The good online casinos utilize Provably Fair technology so players and third-parties can actually confirm that each and every action is random and fair during gambling. Other casinos receive certifications from third-party labs that determine whether the casino is using RNG (random number generators)

Blacklisted/scam casinos will rig their games or alter them in order to give the house an unfair edge. While casinos have a range of advantage (called the “house edge”) on various games, however untrustworthy casinos will skew the advantage in their favor a few percentages or outright rig the game in order to win every time and take your money.

You should also be aware that scam casinos may rig their free practice games as well to favor potential players so that you feel that you would win serious money if you sign up.

 

Non-Payment

If a player has done everything right and hasn’t cheated, abused offers, or the like, there is no reason that a legitimate and trustworthy casino should not pay out under the terms they promise. If a casino is refusing or delaying winnings to players, they may be rogue. Now, rogue casinos will use a variety of reasons as an excuse, such as accusing the player of not meeting the terms of a bonus offer or cashout, even if there is no proof of wrongdoing by players.

What scam casinos are doing here is stalling players, hoping to bore them into taking another bonus or depositing more to play and collect more.

Non-payment for affiliates (players who refer new players for a percentage of the deposit amount or a flat fee) is also a bad sign. If the casino is not paying affiliates, it won’t be long until they continue to pay the players.

 

Slow Payment

Shady casinos can take weeks, months, and even years to pay back players. They either don’t have the cash flow to pay (which should have the klaxon alarm going off) or because they want to encourage a player to continue playing or take a bonus so that the player will not cash out. This is rogue behavior and is never a sign of a good online casino.

Fair casinos payout according to their posted processing times and minimum/maximums — they keep their word. If a casino is stringing you on and refuses to allow you to cash out your money, this is a very bad sign.

 

Predatory Terms

It is always important to look into the terms and conditions regarding games and claiming bonuses. Predatory terms such as insane bonus rollover requirements, a cap on how much money you can win with your bonus, or placing a limit on how much you can bet per round are a few things that can be bad signs.

Shady tactics like trying to get a player to signed up for a promotion or bonus while trying to resolve a conflict relating to the player wanting to cash out is also a no-go. Why would a casino claim that a player is not legit but offer bonuses? They want the player to lock in and force them to play (and lose) rather than cashing out.

 

Changing Terms on Players

One of the sneakiest things that scam casinos can do is change their terms suddenly and in order to favor themselves. When casinos like this are in a dispute with a player, they may claim that the player has done something wrong, when in fact this is untrue. They will then change the terms in order to support their argument. In the archives, you can see that these terms were recently changed in order to side with the casino.

 

Licensing and Regulation Lies

A huge no-no is when a casino claims to have a license or claim to be regulated but are not. If a casino is located in an area that is lax about regulations, this could also be a great place for untrustworthy casinos to set up shop to lie to their players.

 

Marketing Spam

Marketing is obviously a huge asset in any business — however, when it comes to marketing potential clients, customers, and players, it is not right to spam them — everyone knows how shady spam is, so if a casino is leaving their links on forums, articles, and websites, you definitely don’t want to follow those links or visit that casino.

 

What to Look out for in a Casino that is Headed to the Blacklist

Obviously, there are a range of doings that will show a casino’s true colors. From non-payment, stringing you along during cashout, making promises then changing the terms, slow or non-existent with customer support, and being verbally threatening to players are just a few.

If you can prove that gameplay has been rigged or any of the above has happened to you, and you are playing online at a casino that is not on a blacklist — it doesn’t mean that this casino is not on it’s way to the blacklist. Remember, these scam casinos are out there and are getting caught all the time. When one goes down, another replaces it. This is why very new casinos are met with some scrutiny until they can prove themselves as trustworthy to players — it is with worry that they could be a scam casino.

 

Slow Payout

While we have covered this already in the sections above, if you are with a casino that is not on a blacklist, but has increasingly been slower and slower (or outright refusing cash out) to players with regards to withdrawals, then you need to take care. If you are experiencing more and more delays and excuses from casinos, they may not be all they seem.

Now, delayed payment does happen and can be for a variety of legitimate reasons, so don’t freak out if this happens once or twice. But you will notice when there is a greater frequency in delayed payments, getting the runaround, and a combination of scam-like behavior.

 

Too Large or Good to Offer

If a casino is offering huge bonuses or deposit matches (we’re talking 5K, 10K), then this could be a huge warning sign. If you look at legitimate and trustworthy casinos, you will see what the typical offers are and that their great record means a lot. However, there is something fishy-sounding about casinos that are claiming five or ten times the typical bonus or deposit match. They could collect your money and run.

When you read the casinos on the Blacklist below, you’ll notice that this will be a theme — a lot of talk with too-good-to-be-true bonuses.

 

Jurisdiction

Another sign that a casino has the potential to be bad news is where the casino is based out of and located. This determines who regulates and licenses them. Every location around the globe has different rules and some are a lot more lax than other with regards to online gambling. An example of a lax (to put it lightly) jurisdiction is Costa Rica.

 

Affiliate Non-Payment

One of the first people to get stiffed out of money are affiliates — these players refer new gamblers to the website with the promise of a flat fee or a percentage of the first deposit by those players. This is where scam casinos start to refuse payment, tweak terms and conditions, and otherwise retroactively go back on their word in order to avoid paying affiliates.

If you are an affiliate or are hearing legitimate complaints about affiliates getting screwed over, then it may be time to get out before the casino starts to scam you out of your money too.

 

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Edgeless Casino: Decentralized Ethereum Casino Offering 0% House Edge & Full Transparency

With any online bitcoin casino comes the possibility that the casino is less than trustworthy in their generation of “randomness” during gameplay. While many of the best casinos online get licensed and registered or certified by a trusted third-party, there is no such thing as a 100% transparent casino.

Some casinos use provably fair technology in their games so that players can see for themselves that the hand, roll of the dice, or slot pull was indeed randomly generated and fair. However, is this really enough? Edgeless Casino doesn’t think so.

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Edgeless Casino

If you haven’t heard of this casino yet, don’t worry, we’ll give you the breakdown. Edgeless Casino (we will also call it “Edgeless”) is a decentralized Ethereum, smart, contract-based casino. This casino offers two extremely important things that other online casinos (traditional and Bitcoin) simply cannot:

  • A 0% House Edge
  • Complete Online Gambling Transparency

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But First: What is Ethereum?

Ethereum is a decentralized platform that runs what is called “smart contracts” — these are applications (apps) that run precisely as programmed without any possibility of censorship, downtime, fraud, or interference of a third party. This is complete security that ensures fairness.

These apps run on a custom built blockchain (blockchain is a massively powerful, global infrastructure that can move around value and represent the ownership of property. What this does is allows developers to move funds, create markets, store debts or promises, and a host of things that haven’t even been invented yet — all while eliminating the middleman and erasing counterparty risks.

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What is interesting about Ethereum is that it can be used like Bitcoin and other cryptocurrencies. Ethereum was created and “Ether” (a tradeable digital token that can be used as currency) was sold in finite amounts — similar to Bitcoin, which is what created the value of Ethereum. You can download an Ethereum Wallet from their main website (the link is at the end of this section) — this wallet is a gateway to decentralized apps on the Ethereum blockchain. It allows you to secure and hold Ether as well as other crypto-assets built on Ethereum. It also allows you to create, deploy, and use smart contracts.

By using Ethereum, you can create powerful and safe applications that cannot be tampered with, cannot be broken into, and can be as transparent as you want.

This is what Edgeless Casino is looking to do — become a decentralized Ethereum, smart contract-based casino with a 0% house edge and complete transparency.

This is the new world and future of online gambling.

To learn more about Ethereum, visit their main website at: https://www.ethereum.org/.

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Edgeless: Transparency and House Edge

Online casinos, whether they are licensed or not or have received certifications of trust or not — all have the power to decide to cheat their players. It is a risk that players take anytime they gamble. Even with provably fair technology employed on some games, there is no true way of knowing (as a player) what happens inside of casino servers or how the mechanisms are programmed.

As online casinos have become more popular and expanded, this has created the demand for casinos that can actually prove their fairness through transparency.

Edgeless.io is the casino and company that is promising two things in their casino:

  • Absolute Transparency
  • 0% House Edge

Traditional online casinos and Bitcoin casinos can have terrible or great house edge numbers (some as low as 1%), but it is unheard of to offer a 0% house edge. The aptly named “Edgeless” Casino has decided to fill the demand for a casino that cannot be rigged for a huge house edge. This casino, run on Ethereum, wants to cryptocurrency-based online gambling mechanics that anyone can audit to see that they are not rigged and that the casino does not have a house edge.

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Rigging is a Real Problem

There are a ton of online gambling sites that have been blacklisted because their platforms were caught cheating in a number of different ways including:

  • Failing to Payout Wins
  • Delaying Fund Withdrawals
  • Rigging the Outcome of Games

…and more. This includes Bitcoin casinos, as well. The platform of a casino is not in the hands of the players, and this will always mean that there is a possibility of wrongdoing by the casinos. The Co-Founder of Edgeless.io, Tomas Draksas, even stated how easy it is for an online casino to rig games in order to profit from players by increasing their own house edge. “With a few tweaks to programming code, the owners can easily influence the casino’s profitability in their own favor,” Draksas said.

Draksas and his partner, a co-founder and CTO of Edgeless.io, Ignas Mangevicius, are breaking ground with member benefits and a fundraising campaign for Edgeless Casino, which you can read more about at the end of this article.

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Edgeless to Offer Provable Transparency and Zero Percent House Edge

This is why he and his partner at Edgeless Casino are basing their online casino on Ethereum — the popular blockchain technology. Founded in 2016, Edgeless.io tried out some tests before launching the idea of a full casino, by testing markets with the fully transparent slot machine called Etherslots.win. With success, they moved on to their ideal of having a 0% house edge online casino with an industry-first full transparency — Edgeless.io.

At first, the idea of a 0% house edge may sound controversial but that is the reason behind the creation of the Edgeless Casino and their fairplay games. Using blockchain, this Ethereum-based casino can make gambling online profitable.

Not only does this new casino have plans for traditional casino games but for additional games to be added and the introduction of sports betting. All games and betting will be transparent and fair.

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When Can You Play at Edgeless.io?

In a few months, Edgeless.io will be going live. If you want to support this casino and their innovative endeavor, they are raising funds through something called Initial Coin Offering (ICO), which is a new crowdfunding method. Supporters can buy digital tokens that work as “in-game currency and proof of membership.”

Each month, EDG token holders can play in a special lottery to win 40 percent of the company profits.

This crowdfunding will begin on February 28th, 2017 at 3:00pm GMT — the goal is to raise 360,000 ETH (Ethereum) by selling Edgeless tokens for gambling enthusiasts to take the chance of winning big.

You can read more about the crowdfunding campaign, Edgeless.io Casino, and more at https://edgeless.io/.

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*Bitcoin-Gambling.net was not paid to write this article, nor are we affiliated with the persons or companies of the content within.*

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