Online gaming sites powered by Bitcoin debuted in the gambling industry a few years ago, starting off as mere alternatives for brick-and-mortar casinos to a global phenomenon. Bitcoin as a mode of payment is now a preferred choice of many online gamblers mostly because of its decentralized system. But there’s more to it than freedom and decentralization as it promises more opportunities.
Immediate settlements and fast transactions are two of the main selling points of cryptocurrencies. Hence, Bitcoin casinos promise a faster way of getting funds into and out of your account—a far cry from land casino’s processing time that could take months. Bitcoin transaction will only take up 20 minutes to several hours for players to withdraw and start using funds. Of course, the time still depends should the casinos employ third-party payment processors for this process.
Some Bitcoin casinos are regulated by gambling control boards and they are required to acquire licenses and registration. But this doesn’t automatically mean that officials and representatives of each jurisdiction will oversee your funds and accounts, your anonymity and privacy remain on top of the list.
Zero To Low Transaction Fees
Another good reason to use Bitcoin casinos is the lower fees, though there are a number of Bitcoin-powered gaming sites that still offer completely free transaction charges. Originally, there are no transaction fees for cryptocurrency exchanges because the Bitcoin miners are compensated by the network, but there are a handful of casinos that resort to third-party payment providers to expedite the transaction processes. Fortunately, these charges only range between 1-2% for every transaction as compared to credit cards and bank transfers with 3-5% commission.
A Multitude Of Options
With Bitcoin casinos’ unparalleled transactional properties come a multitude of options for players. But whichever site you use, it’s important to consider how they can serve your every need. To make the selection easier, we’ve narrowed down the best and most-reviewed Bitcoin casinos today.
Nitrogen Sports Casino (review) – one of the pioneers of Bitcoin gambling is Nitrogen Sports. Though their sportsbook is a much bigger platform, they have a dedicated online casino with Bitcoin dice, baccarat, blackjack, poker, craps, and slots.
1xBit (review) – well-known for carrying the latest and most high-tech software providers for Bitcoin casinos. You can find HTML5 games from the likes of Gameart, Microgaming, Endorphina, Betsoft, Netent, and Play’N Go here.
Argo Casino (review) – one of the largest and best-looking casino platforms on the Internet. To top it all, they also have a dedicated application for Android and Apple users if you prefer gambling-on-the go.
Loki Casino (review) – a Bitcoin casino that takes the theme of Loki, one of the gods in Norse Mythology. It offers the most-colorful betting site that is easy to navigate and can host a good selection of games in a range of categories.