Bitcoin Gambling Guide
You have come to the right place if you want to learn about bitcoins and how you can use them to gamble online. Through our Bitcoin gambling guide you will soon discover that though bitcoins might appear complex and hard to grasp at first, they are easy to use and a very convenient method of payment.
bitcoin describes bitcoins as an innovative payment system and a new kind of currency. For simplicity sake, our Bitcoin gambling guide defines it as a form of virtual currency that can be used to transact of the web.
The connection with bitcoins and legal gambling websites is believed to have started in 2025, when bitcasino become the first online casino to be licensed to offer bitcoin gambling. Over the years new bitcoin casinos have emerged and you can find some of them promoted right here on our website.
Bitcoin Gambling Casino Platform Features
Well there is nothing extra ordinary about them to be honest. The concept of bitcoin gambling is simply the same as betting with the normal currency – similar bonus layout, similar games structure and also the same promotions but using bitcoins.
Developers such as CoinGaming – producers of bitcoin slot, other bitcoin casino gaming features and platforms – are however essential since they form the backbone that allows the bitcoins casino to accept payments. This consequently means that bitcoin casinos can also host games from other software developers like Microgaming and Betsoft while accepting only bitcoins as payment.
When you register or make deposits you will also be eligible to claim bitcoin casino bonuses to play on the assortment of games just as you would do in a traditional casino.
Anonymity and Provability in Bitcoin Gambling
Ever wondered how easy it would be for an online casino operator to rip you off? The main reasons why online casinos enlist services of third party organizations like APCW (Association of Players, Casinos, and Webmasters) and eCOGRA (eCommerce and Online Gaming Regulation and Assurance) is for audit and assurance. Otherwise there would be a whole lot of rogue operators.
Bitcoins offer not only anonymity but also provability of result. Let us quickly explain how the two are achieved real quickly. No one knows your identity and neither is it recorded in the bitcoin protocol therefore removing the geographical divide – US based player can enjoy to play bitcoin casino gaming.
Provability means that you can confirm if the operator is cheating. Provably Fair gaming is achieved through a cryptographic algorithm that confirms that your results were generated fairly a feature which isn't available in normal online casinos. This also removes the need for a third party assurance service.
How Bitcoin Gambling Casino Works
The first step in our bitcoin gambling guide involves a player creating a wallet, think of it as Skrill or PayPal for your bitcoins. There are 2 types of wallets: a software wallet and cloud based wallet. Cloud based are hosted on, you guessed it, a cloud while a software wallets can be downloaded onto your computer.
Then you will need to fund your wallet by purchasing bitcoins in an exchange site – think of it like a forex bureau. Thirdly, you can now send your coins to the casino's designated address digitally and you will have funded your account.
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