Bitcoin Casinos 2023
Bitcoin Facts | |
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Founder: | Satoshi Nakamoto, Martti Malmi |
Founded in: | 2009 |
Ticker symbol | BTC |
Market capitalization | ~ 1,470T CAD |
Website: | bitcoin.org |
Available: | Worldwide |
Best BTC Casino: | Stake Casino |
Best BTC Bonus: | 5 BTC |
A group of cyberpunks had been tinkering with the concept of a cryptocurrency for a few years, with Hal Finney to have created the first proof of work system back in 2004. However, the origin of Bitcoin is largely traced to August 2008, when the domain name, Bitcoin.org was registered.
A couple of months later, the blueprint for this legendary, peer to peer currency emerged, under the authorship of Satoshi Nakomoto. In 2009, Bitcoin was released as open source software. Finney downloaded the software and received 10 Bitcoins from Nakomoto. To this day, it is unclear who Satoshi Nakomoto is, but rumours suggest it might even be a group of people.
BTC is the most popular coin and many gamblers are switching over to BTC from their traditional currencies like the Canadian dollar, USD and Euros. The draws include:
- BTC casinos have much higher limits, and sometimes none at all
- Bitcoin deposits often qualify for a welcome bonus or other offers
- More established casinos are accepting BTC for banking
- Bitcoin is now considered a trustworthy cryptocurrency
Contents
Best Bitcoin Casinos 2023
![]() ![]() | 95% Excellent | $2,000 or 5 BTC+ 180 Free Spins | visit BitStarz Casino Read Review |
![]() ![]() | 95% Excellent | $500 | visit Stake Read Review |
![]() ![]() | 95% Excellent | 5 BTC / $1,000 + 200 Free Spins | visit Cloudbet Casino Read Review |
![]() ![]() | 95% Excellent | up to $200 000+ 140 Free Spins | visit Fairspin Read Review |
![]() ![]() | 93% Outstanding | VIP program | visit Bitsler Casino Read Review |
![]() ![]() | 93% Outstanding | Challenges & Bonus Battles | visit Rollbit Read Review |
![]() ![]() | 93% Outstanding | no limit | visit BC.Game Casino Read Review |
![]() ![]() | 93% Outstanding | 1 BTC | visit Rocketpot Read Review |
![]() ![]() | 92% Outstanding | Roowards | visit Roobet Read Review |
![]() ![]() | 92% Outstanding | VIP program | visit Duelbits Read Review |
![]() ![]() | 92% Outstanding | 6 BTC or 1200 USD+ 250 Free Spins | visit FortuneJack Read Review |
![]() ![]() | 92% Outstanding | 5 BTC+ 300 Free Spins | visit mBit Casino Read Review |
![]() ![]() | 91% Outstanding | Cashback | visit Gamdom Read Review |
![]() ![]() | 91% Outstanding | $500 | visit Pirateplay Read Review |
We've tested these casinos and found they perform excellently across all parameters. In addition to BTC, they also accept payment in Canadian dollars so you can switch between crypto and regular cash payments for banking as needed.
What is Bitcoin?
Bitcoin is a digital currency, and it does not physically exist. It has a ledger on a blockchain that records all the transactions made in BTC so that everything that happens is transparent. It is also a peer to peer network, meaning that it is decentralised. No one controls it. That means it's not run by the government and does not operate through the existing banking system.
As Bitcoins are not physical and are not part of the conventional banking system, you can't store it in your regular bank account. To hold BTC or any other cryptocurrency for that matter, you will need to have a crypto-wallet. The most popular ones are:
Bitcoin Units
Since it was first launched, BTC has gained significant value. 1 BTC is worth well over $42,000 CAD today, and different units have come up to make smaller transactions easier. These units go as follows:
- 1 millibitcoin (mBTC) = 1/1,000 of a Bitcoin
- 1 microbitcoin (μBTC) = 1/ 1,000,000 of a Bitcoin
- 1 Satoshi = 1/ 100,000,000 of a Bitcoin.
Bitcoin & Online Gambling
As more people now hold Bitcoin and other cryptocurrencies, more and more establishments have started accepting them for payments.
However, be very careful about which casino you choose if you want to play with Bitcoin. Because Bitcoin isn't a proper currency like the Canadian dollar, the US dollar or the Euro, it isn't subject to the same regulations. That means there are quite a few Bitcoin casino scams out there. If you do want to use your crypto at a casino, don't let the fly by nights take your money.
Make sure you choose a reputable Bitcoin Casino. We've listed some of the best Bitcoin casinos below to help you get started. Beyond banking with crypto, these casinos offer the full gamut of first class service and games that players expect.
How to Use Bitcoin at a Casino
Generally speaking, there are two ways to bank with Bitcoin or other popular crypto currencies like LiteCoin and Ethereum at online casinos. Some casinos will have a workaround with an e-wallet, like Skrill or Neteller, through which you will make your payments in crypto instead of the usual Canadian dollar.
To withdraw your winnings, go to your blockchain wallet and request a payment. This will generate a new address that you can give the casino to which they can send you your funds. It is recommended to generate a new address each time to ensure maximum security.
What are the pros and cons to Bitcoin Casinos?
While Bitcoin – and cryptocurrencies in general – are famous for the anonymity they provide, you won't necessarily benefit from that fully at an online casino. At least if you do the smart thing and stick with a licensed casino. Licensed casinos are legally required to verify your identity to prevent money laundering and fraud, so it's for everyone's good.
So, other than the sexiness of it all, why else would you want to use your Bitcoin at an online casino? Well, for one it's fast, as with any e-wallet. Since it's not a bank transfer, there is no extra processing time or bank fees.
- Very fast transactions
- No banks involved
- Independent currencies
- Low to no fees
- Payouts usually only possible in Dollar
- High fluctuation in the exchange rate
- Few pure Bitcoin Casinos available
Provably Fair Games at Bitcoin Casinos
Provably fair games at crypto casinos are based on a hashing technique called SHA256. The technique was developed by the US National Security Agency, or the NSA for short.
How Provably Fair Games Work, with Blackjack as an Example
- The Provably Fair technology is designed into the game at BTC Casino, with hashing taking place in the background during the shuffling process.
- Seeds and hashes are generated, creating data randomly. The hash value is then transmitted to the player.
- The cards are dealt and you play the Blackjack game just as usual.
- After the game is over, you can verify the hash value to make sure the games was fair. To do this, you can go to a third party verifier such as quickhash.com where you can enter the SHA256 hash you received and enter it there. You will then be able to see if the data was correct and if the round you played was manipulated or not.
What's in the future for Bitcoin?
Bitcoin is really the granddaddy of cryptocurrencies, and it's the crypto that everyone wants to hold. It's seen a lot of ups and downs in the last few years, but it's mostly been ups.
There has been nerve wracking volatility - and probably there will be more of that to come - but that's part of the adventure of cryptocurrency development. Investors are loving the ride, and for casino players who have BTC in hand, this coin looks like it's going to be a payment method that's here to stay.
Bitcoin Casino FAQ
- Is Bitcoin Real Money?
- Do Casinos Accept Bitcoin Transactions?
- Is Bitcoin Gambling Legal in Canada?
- Are there fees involved with Bitcoin Casinos?
- Is there a Bitcoin Bonus at Online Casinos?
- Are Bitcoin Casinos Safe?
1.) Is Bitcoin Real Money?
2.) Do Casinos Accept Bitcoin Transactions?
Yes, although the exact method may vary. Some casinos accept Bitcoin through Skrill or Neteller, while others will let you conduct the transactions directly through your crypto wallet, like Coinbase.
Back to TOC3.) Is Bitcoin Gambling Legal in Canada?
4.) Are there fees involved with Bitcoin Casinos?
Casinos do not charge extra fees for using Bitcoin - in fact, most of the casinos listed on our site do not charge fees for deposits and withdrawals. However, your payment method or cryptowallet may charge a fee, especially if it is converting your crypto to the dollar.
Back to TOC5.) Is there a Bitcoin Bonus at Online Casinos?
6.) Are Bitcoin Casinos Safe?
You really do have to be careful when it comes to choosing a Bitcoin casino. Because Bitcoin and other cryptocurrencies don't have the same legal status as money, some Bitcoin Casinos have opened without gaming licences. That means they are not subject to the same strict standards for fairness, and players aren't protected by law.