Q: Is Bitcoin real money?

Bitcoin is a virtual currency , in that it exists only online . That is opposed to fiats like dollars and euros which also have a physical manifestation in the form of coins and bills. While many were skeptical at first, Bitcoin is now widely traded and talked about, and from a currency perspective, does appear to be here to stay. From a comparative standpoint, however, some would argue that Bitcoin is fundamentally different from the Canadian dollar, the US dollar, or other currencies issued by the government, in that it’s more like an asset than a currency, with its value exclusively dependent on what it’s being traded for on the markets. That being said, in reality, fiats are essentially being valued that way as well. The difference is that Bitcoin, like most cryptos, is mainly purchased for investment purposes , as there are still relatively few places where you can use it as a payment method. For example, you would be hard pressed to find a grocery store where you can pay in BTC. On the other hand, Bitcoin gambling has become increasingly popular over the years, where it is treated like real money , i.e., the kind of cash you can buy stuff with. So overall, we’d say, Bitcoin is most certainly real money, though its practical uses beyond gambling, are still evolving.

Q: Do casinos accept Bitcoin transactions?

Yes, of course . Not only do casinos accept Bitcoin transactions, but this has actually become a popular genre in the online gaming world, with crypto casinos being the hottest entity on the market. In fact, so much so, that many traditional veteran online casinos have also added Bitcoin to their accepted payment methods. More so, they have also made it exceptionally easy to conduct Bitcoin transactions . If you already have Bitcoin in your crypto wallet , you can use this wallet to make a direct deposit to the casino (and make withdrawals as well). And if you don’t yet have BTC and want to get in on the crypto gambling game, many online casinos will facilitate the purchase of Bitcoin (or other accepted cryptos) direct from your casino wallet through a third-party provider like MoonPay or Remik using a credit card, Google Pay, Apple Pay, and the likes.

Q: Is Bitcoin gambling legal?

Bitcoin gambling is in fact legal so long as you choose to play at a licensed online casino . You can easily do your own research, if you come across a casino that appeals to you, by checking the website’s footer for details on its licensing. While “regular” online casinos have licenses from different regulatory bodies (all of which are considered equally good), we have found that most crypto casinos have a Curacao e-Gaming license . If, by the way, you want to find excellent Bitcoins casinos that are fully licensed and regulated the easier way, we recommend any of the operators listed above on this page. As for whether Bitcoin gambling is legal in Canada, Australia, or across Europe, in theory, in most of these places yes. But the specifics are constantly evolving , so you need to check the Terms & Conditions of the site you’re interested in, or keep up with local gambling news for the specifics. But as a whole, rest-assured, Bitcoin gambling itself, is legal. So you have nothing to worry about there.

Q: Are there fees involved with Bitcoin casinos?

Casinos do not charge extra fees for using Bitcoin. In fact, most of the casinos reviewed on our site do not charge fees for deposits and withdrawals at all. However, as you may know, you will almost always incur crypto transaction fees for any action on the blockchain. Maybe a few casinos will absorb this cost – or more accurately split it with you with the casino paying the network fee for money coming in, while you pay the blockchain fee on cashing out. These fees will generally differ between the digital coins you are using, so it may cost more or less to transact with various cryptos. In addition, the exchange or wallet service you are using also plays a factor, with each having its own fee structure for these things as well. In any event, it’s important to be clear, the fees have nothing to do with the casinos themselves , so don’t be put off when you see this. Besides fees are often a part of life even with bank wires and e-wallet services. So it’s in no way the end of the world, just something you should pay attention to. And maybe consider the frequency of your transactions vs. their size, to find a recipe that can cut down on your fees while keeping to a comfortable budget in terms of how much you want to deposit at a time.

Q: Is there a Bitcoin bonus at online casinos?

Some crypto casinos offer a welcome bonus , which is available for deposits made in BTC . And some online casinos have also converted their welcome offer so that it can be claimed in BTC as well. Usually at crypto casinos, when a BTC welcome bonus is available, it is clearly spelled out – with website banners and cashier prompts, as well as promo emails sent to remind you. MoreLess “Regular” online casinos that accommodate Bitcoin generally offer all of their promotions in the Bitcoin equivalent value . So if it is a 100% up to $100 welcome bonus being advertised, you would get 100% up to the equivalent value in BTC. That being said, this is not always the case , so you need to check each promo to be sure. Other promotions like a reload bonus, weekly happy hour, or weekend bonus would follow the same formula . So it is possible to get other BTC bonuses as well.

Q: Are Bitcoin casinos safe?

You really do have to be careful when it comes to choosing a Bitcoin casino. Actually any casino really, because at the end of the day we are talking about real money here. However, since Bitcoin transactions may be harder to trace than a credit card charge, you need to have even more trust. And let’s face it, there is a lot of stigma around Bitcoin and gambling respectively, hence even more so together, in terms of the legitimacy factor. So while we definitely wouldn’t say Bitcoin gambling is shady (rather the opposite!), you do want to make sure you go with a credible operator , which you can easily do by following our recommendations and your own common sense, which first and foremost dictates – only visit sites that operate legally with a license.

Question 1

Is Bitcoin real money?

Accepted Answer

Bitcoin is a virtual currency, in that it exists only online. That is opposed to fiats like dollars and euros which also have a physical manifestation in the form of coins and bills. While many were skeptical at first, Bitcoin is now widely traded and talked about, and from a currency perspective, does appear to be here to stay.

From a comparative standpoint, however, some would argue that Bitcoin is fundamentally different from the Canadian dollar, the US dollar, or other currencies issued by the government, in that it’s more like an asset than a currency, with its value exclusively dependent on what it’s being traded for on the markets. That being said, in reality, fiats are essentially being valued that way as well.

The difference is that Bitcoin, like most cryptos, is mainly purchased for investment purposes, as there are still relatively few places where you can use it as a payment method. For example, you would be hard pressed to find a grocery store where you can pay in BTC. On the other hand, Bitcoin gambling has become increasingly popular over the years, where it is treated like real money, i.e., the kind of cash you can buy stuff with.

So overall, we’d say, Bitcoin is most certainly real money, though its practical uses beyond gambling, are still evolving.

Question 2

Do casinos accept Bitcoin transactions?

Accepted Answer

Yes, of course. Not only do casinos accept Bitcoin transactions, but this has actually become a popular genre in the online gaming world, with crypto casinos being the hottest entity on the market. In fact, so much so, that many traditional veteran online casinos have also added Bitcoin to their accepted payment methods.

More so, they have also made it exceptionally easy to conduct Bitcoin transactions. If you already have Bitcoin in your crypto wallet, you can use this wallet to make a direct deposit to the casino (and make withdrawals as well). And if you don’t yet have BTC and want to get in on the crypto gambling game, many online casinos will facilitate the purchase of Bitcoin (or other accepted cryptos) direct from your casino wallet through a third-party provider like MoonPay or Remik using a credit card, Google Pay, Apple Pay, and the likes.

Question 3

Is Bitcoin gambling legal?

Accepted Answer

Bitcoin gambling is in fact legal so long as you choose to play at a licensed online casino. You can easily do your own research, if you come across a casino that appeals to you, by checking the website’s footer for details on its licensing. While “regular” online casinos have licenses from different regulatory bodies (all of which are considered equally good), we have found that most crypto casinos have a Curacao e-Gaming license.

If, by the way, you want to find excellent Bitcoins casinos that are fully licensed and regulated the easier way, we recommend any of the operators listed above on this page.

As for whether Bitcoin gambling is legal in Canada, Australia, or across Europe, in theory, in most of these places yes. But the specifics are constantly evolving, so you need to check the Terms & Conditions of the site you’re interested in, or keep up with local gambling news for the specifics.

But as a whole, rest-assured, Bitcoin gambling itself, is legal. So you have nothing to worry about there.

Question 4

Are there fees involved with Bitcoin casinos?

Accepted Answer

Casinos do not charge extra fees for using Bitcoin. In fact, most of the casinos reviewed on our site do not charge fees for deposits and withdrawals at all. However, as you may know, you will almost always incur crypto transaction fees for any action on the blockchain. Maybe a few casinos will absorb this cost – or more accurately split it with you with the casino paying the network fee for money coming in, while you pay the blockchain fee on cashing out.

These fees will generally differ between the digital coins you are using, so it may cost more or less to transact with various cryptos. In addition, the exchange or wallet service you are using also plays a factor, with each having its own fee structure for these things as well.

In any event, it’s important to be clear, the fees have nothing to do with the casinos themselves, so don’t be put off when you see this. Besides fees are often a part of life even with bank wires and e-wallet services. So it’s in no way the end of the world, just something you should pay attention to. And maybe consider the frequency of your transactions vs. their size, to find a recipe that can cut down on your fees while keeping to a comfortable budget in terms of how much you want to deposit at a time.

Question 5

Is there a Bitcoin bonus at online casinos?

Accepted Answer

Some crypto casinos offer a welcome bonus, which is available for deposits made in BTC. And some online casinos have also converted their welcome offer so that it can be claimed in BTC as well.

Usually at crypto casinos, when a BTC welcome bonus is available, it is clearly spelled out – with website banners and cashier prompts, as well as promo emails sent to remind you.

MoreLess

“Regular” online casinos that accommodate Bitcoin generally offer all of their promotions in the Bitcoin equivalent value. So if it is a 100% up to $100 welcome bonus being advertised, you would get 100% up to the equivalent value in BTC. That being said, this is not always the case, so you need to check each promo to be sure.

Other promotions like a reload bonus, weekly happy hour, or weekend bonus would follow the same formula. So it is possible to get other BTC bonuses as well.

Question 6

Are Bitcoin casinos safe?

Accepted Answer

You really do have to be careful when it comes to choosing a Bitcoin casino. Actually any casino really, because at the end of the day we are talking about real money here. However, since Bitcoin transactions may be harder to trace than a credit card charge, you need to have even more trust.

And let’s face it, there is a lot of stigma around Bitcoin and gambling respectively, hence even more so together, in terms of the legitimacy factor. So while we definitely wouldn’t say Bitcoin gambling is shady (rather the opposite!), you do want to make sure you go with a credible operator, which you can easily do by following our recommendations and your own common sense, which first and foremost dictates – only visit sites that operate legally with a license.

Bitcoin Casinos 2023

Contents

Best Bitcoin Casinos 2023

What is Bitcoin?

Bitcoin Units

Bitcoin & Online Gambling

How to Use Bitcoin at a Casino

What are the pros and cons to Bitcoin Casinos?

Provably Fair Games at Bitcoin Casinos

How Provably Fair Games Work, with Blackjack as an Example

What's in the future for Bitcoin?

Bitcoin Casino FAQ

1.) Is Bitcoin real money?

2.) Do casinos accept Bitcoin transactions?

3.) Is Bitcoin gambling legal?

4.) Are there fees involved with Bitcoin casinos?

5.) Is there a Bitcoin bonus at online casinos?

6.) Are Bitcoin casinos safe?

The Expert Conclusion on Bitcoin Casinos