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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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Choosing a Good Bitcoin Casino: A Guide

There are a ton of bitcoin casinos on the web, and many of them are top-notch — this is great for variety, but it does make it difficult to choose one that is right for you. Choosing a good Bitcoin casino that suits your currency requirements, desires, and gameplay needs comes down to asking yourself a set of questions and doing a little bit of homework before settling on one.

Let’s take the following aspects into consideration to help you on your way to finding a great Bitcoin casino that you can enjoy for years to come.

Can you deposit and withdrawal Bitcoin?

Obviously, the first thing to look for when making a short list of potential Bitcoin casinos is gathering a list of the best regarded casinos that allow you to both deposit and withdrawal using Bitcoin. Some casinos say they accept Bitcoin, but actually require you to use a bank account, credit/debit card, or hard currency to deposit or cash out.

Make sure that you check out reviews or head right to the website’s banking subpage in order to see exactly what types of deposit and withdrawal methods they accept, from cards, bank accounts, and especially eWallets.

Are there good welcome bonuses or promotions in Bitcoin?

Bitcoin casinos that are serious about keeping their players happy don’t simply offer small incentives, but great welcome bonuses and ongoing promotions such as deposit matching bonuses and loyalty programs.

The bigger the welcome bonuses and promotions, the better — make sure you read the terms and conditions to see what you need to do in order to take advantage of these bonuses.

In many instances, the welcome bonuses and deposit matching bonuses can put a lot of money into your account if you plan on depositing a lot of BTC.

Anonymity

Most Bitcoin gamblers use this cryptocurrency because of its anonymity. However, using Bitcoin isn’t very anonymous if the Bitcoin casino you choose requires you to sign up using personal information (or alternatively, only allows cashouts or deposits in a hard currency via credit/debit card or bank transfer).

One of the first things you should check if anonymity is important to you is registration/sign up. Simply click on the icon and you will see what information you need to provide. If you want a quick and easy signup experience without giving out your personal information, giving them your credit card or bank account number, or your physical address, there are many great casinos that require just an email, username, and password.

Gaming options

An incredibly important part of a Bitcoin casino is an obvious one, but one still worth noting: the casino’s gaming options. Bitcoin casinos often accept conventional currency as well as Bitcoin, and because of this, not all games may accept Bitcoin wagers. In addition, there are three main platform types used by online casinos: download, instant play, and mobile.

Good casinos will have a great interface, sleek graphics, and a good choice of platforms. Download clients can take time and are not convenient for players who want to game from different PC’s. Gambling on your tablet or smartphone could be affected if they do not offer mobile gaming (via browser or application).

Check out the types of games offered. Are you looking for table games primarily? Poker? Slots? Whatever your game or games are, make sure your final choice has an excellent selection of games that you are seeking.

Trust and reputation

The trust and the reputation of an online Bitcoin casino is extremely important when considering a casino to join. You can visit several casino review websites (such as Bitcoin-Gambling.net and Bitcoincasino.io) where you can get information on licensing, trustworthiness, and reputation of a Bitcoin casino by real players. You can also check out forums and other online locations where player reviews are posted. Ignore comments relating to winning or losing, because at a legitimate online casino, this is random or generated by the players themselves and is out of the control of the casino (especially since most Bitcoin casinos take their games from other service care providers (SoftSwiss, Netent, etc…), who manage the casino payout.

In addition, licensing and awards can offer a great indicator of trustworthiness of a casino. For example, if a casino is licensed by their government’s e-gaming commission, this means that they have been investigated and approved for fairness in gaming and trustworthiness. There are other well-respected entities that either certify, approve, or recommend a casino that can be relied upon to offer a realistic review of it. You can check the bottom of the website for logos of the organizations who have recommended them.

Provably fair gaming

There are a huge number of casinos that offer spectacular service without offering provably fair technology, however, fairness of gameplay is virtually guaranteed if a casino does offer PF (provably fair) technology on their games. You can find out if a Bitcoin casino offers this random generation of gameplay by visiting the appropriate section on the casino website, by reading independent reviews online, or by looking at the games personally.

If a casino is provably fair, they will likely advertise it or make it clear on the homepage, since it is a huge advantage for them to offer this technology for players.

Quality of customer support

Customer service does not often come up in many decisions we made because we never think we will ever need it. However, when it comes to gambling your money online, you want to make sure that any questions you have or issues that may arise can be answered promptly. All casinos will have a contact tab where you can find online contact forms, live chat feature, email addresses, or phone numbers. Not all casinos offer phone support and many casinos have certain hours, even for live chat. Make sure you know ahead of time. Great Bitcoin casinos will offer a specific number or email address for banking questions and issues.

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