Bitcoin now becomes powerful as it can compete with traditional money in some situations. For instance, now you can buy many things with the coins in shops. Many countries, including Canada and US started featuring it as a payment option. The interest in BTC is also based on the constantly changing course and price speculations around it.
In the gaming industry more and more players start using the currency at online casinos. Especially, it is popular in high roller staking rooms. Playing with digital money is interesting due to the many advantages. First of all, you keep your sensitive information private. For making transactions, you need to present only the wallet address and nothing more.
In addition, it takes only a few minutes for the transfer to complete. The Blockchain system is highly secure. It is extremely difficult to hack it, almost impossible. However, it is very likely to find huge bonuses for cryptocurrency-oriented gamers. On the contrary, you have to pay some fees while converting the digital cash to real one. Moreover, you may face difficulties while counting Bitcoins. Online converters will be helpful.
Bitcoin Casinos Types
Generally, you can find two types of BTC casinos:
- Bitcoin only staking rooms. They offer only coins as the payment option. They attract players due to the easy registration process and loose Terms & C Usually, your email address and the digital wallet will be enough. However, these betting rooms may be scammers. The transaction cannot be canceled. If something goes wrong, your money is gone forever.
- Gaming houses that accept cryptocurrency. You are able to choose it as a payment option and enjoy all the benefits. However, you are to present the personal info while registering regardless of banking option you choose.
Legislation of Crypto Betting Rooms in Different Countries
Many countries worldwide have a different attitude towards the digital cash and casinos involving the cryptocurrencies. Some governments see this “money” as a threat to national currency and economy. Some do not regulate it at all. And some try to put it into the legal field. We present the general info about main regions:
- Canada, for instance, considers digital currencies as a subject of money-laundering regulation according to Bill C-31. Moreover, BTC was legalized in 2017. Canadians have to pay income taxes.
- The USA. The crypto cash is legal. It is treated in the same way as other banknotes. People have to pay the same taxes.
- China. The government issued the law against cryptocurrencies. BTC is illegal and financial institutions cannot deal with it.
- Europe. There is no specific law. Thus, virtual money is not regulated. However, the consumers may be charged with taxes while using it.
- Australia. The Bitcoin exchange falls under the anti-laundering laws.
Features of Bitcoin Casinos with High Reputation
Bitcoin gaming rooms treat high rollers as the treasure. As usual, such people bring major incomes to betting rooms. For these gamers, it is highly important to be sure about their finances and the website, as they operate with large sums. Reputable BTC operators always try to organize the most comfortable and beneficial conditions for the whales. These include generous promotions, extended deposit/withdrawal opportunities, VIP programs and exclusive games.
Bitcoin Casinos Safety
Bitcoin casinos use SSL technology to encrypt data exchange between two parties. Nobody can capture it, thus your transactions are safe. Another way to ensure fairness and safety is the use of Random Number Generators.
This software generates outcomes of each spin or turn in the virtual games. This prevents any abuse from both operators and players. We also recommend you to take additional measures concerning your wallet. You have to divide your balance into two storages.
One can be online and you use it for gambling or other activities via the internet. And the main storage has to be offline. Do not grudge money and buy bitcoin hardware wallet. It keeps your private keys safe. Nothing can be hacked in this case. Also, check the licensing, company history and reviews of your betting house before placing bets.
High Rollers’ Support
The customer support at good bitcoin casinos works 24/7. The basic ways to contact the customer agents are the live chat, email messaging. You can also call at any time. High rollers can expect for the personal manager helping you make decisions while playing. He or she will consult you during each session. Not all gaming rooms offer such a service. Usually, you have to take part in a loyalty program.
Respectable Bonuses for Whales
Gaming houses try to offer the best for high rollers. You can expect huge rewards measured in 5-10 BTC. The common rewards are the match, reload and cashback. You can get 5 Bitcoins + hundreds of free spins for the first contribution. Daily, weekly, and monthly prizes will delight you, as well. For instance, you can claim a 10-20% cashback for your losing stakes.
There is a great opportunity in VIP programs. Earn loyalty points (LP) and get an access to more bonuses, ability to convert LP to cash and even more. Extra opportunities may include Casino Shop where you can buy various items or entries to special events like exclusive tournaments.
Huge Games Variety
The digital currency-dedicated or supporting casinos offer as many games and activities as the regular betting rooms. They are the table and card games such as Blackjack, Poker, Baccarat, Roulette, and so on. Slots and live dealer performances are available too. Casinos for big spenders propose high stake limits. They range from hundreds of mBTC to entire Bitcoins.
Deposits and Withdrawals with Bitcoin
Financial operations with BTC are as easy as apple pie. To make a deposit you need to go to the cashier page of your casino. Then fill in the amount you want to put on. After that, copy the gaming house’s wallet address and paste it into the box to send in your own wallet. Afterward, send the money.
To cashout, you need to enter the desirable sum on the same page of your staking room. After that, enter your Bitcoin address. Then press “send”. The transaction takes a few minutes to complete. No fees required.
Bitcoin Casinos – OS Compatibility
Bitcoin betting rooms can be either downloadable or instant. In the first case, you need to install the casino on your PC or mobile device. The instant play means you can gamble directly using your browser. Both modes have pros and cons. The installable games may have better graphics and better performance.
On the other hand, flash version is more flexible as you can easily switch to another website or try other activities. But you have to be sure your internet connection is fast. Generally, the BTC betting is available on such platforms as Android, iOS, Windows, and Blackberry.