An Introduction to Bitcoins
Bitcoin is the most popular cryptocurrency currently used around the world today. With over 2.5 million users and an ever growing community, bitcoins are rising in value with no signs of stopping. Conceptualized in 2008, bitcoins are a fresh currency with exceptional potential. Utilizing world famous security protocols, quicker transactions than established banking, low-cost fees and full pseudonymity, bitcoins are emerging as a popular alternative to common currencies. By improving on many elements that currencies around the world suffer from today such as inflation and manipulation, Bitcoin has brought the next production of stabilized money in to the forefront. Be aware that bitcoins do not exist in the physical world as actual coins or tender, they are stored entirely in bitcoin wallets, which is essentially a personal bitcoin bank account. However, no banks are implicated in bitcoin resulting in cheaper fees than normal banking.
Bitcoin miners use specific hardware and software to approve all bitcoin exchanges between wallets to verify transaction integrity and also process complex algorithms which release new bitcoins onto the market when solved. Every time the algorithm is solved, a new algorithm is provided to the miners but with added complexity, delaying the release of the next set of bitcoins to prevent inflation. More businesses are accepting bitcoins as a legitimate method of payment every single day; as time progresses the value of a single bitcoin will continue to rise; investing in bitcoins early is a wise and objectively safe decision.
- Bitcoin Gambling: The Devil is in the Details! The question of whether Bitcoin gambling is legal or not is composed of at least 3 underlying questions: 1. Is gambling legal where you live? Is Bitcoin legal where you live?
- Bitcoin BCH ETH LTC DOGE 1,000+ Casino Games 100% Deposit Bonus Instant Payouts Provably Fair 100% Anonymous Gambling Site.
- MintDice / / Is the Bitcoin Casino with the world's best Bitcoin Dice game, online slots, Bitcoin plinko games and Bitcoin crash game. Bitcoin News Today & Gambling News.
For example, a Bitcoin casino licensed and regulated under the UK gambling commission is much more trustworthy than a Bitcoin casino licensed under the Curacao eGaming license. What license and regulation means basically is that if you find out a casino is cheating you from your money you can complain to the registrar to take action against them.
How Do I Get Started?
To get started testing bitcoin, you will at first, need a Bitcoin wallet. A key bit of advice you must bear in mind is that if your wallet is at any time corrupt or lost, you will lose all your bitcoins if you have not backed up your wallet. Please be aware of this when you choose a wallet type.
The three variations of wallets:
- Online wallets → guarda
Online wallets are stored by a third party on their cloud servers. Creating and backing up your bitcoin wallet are simple if you choose a web-based wallet because some online wallet providers keep backups for you while also giving you the option to back up your bitcoin wallet yourself.
This is recommended for new bitcoin users or people with basic computer knowledge.
- Software wallets → exodus
Software wallets are stored entirely on your own computer, but require that you backup your wallet manually. They are more secure than cloud wallets because if the cloud is ever compromised, you run the risk of losing the contents of your wallet.
This is recommended for intermediate/advanced users
- Hardware wallets → ellipal
Hardware wallets are the most secure type of bitcoin wallets. In order to access your bitcoin wallet, you need to have a special piece of software that usually plugs into your computer via USB. You also need to backup this wallet manually. However, it is the most secure solution because nobody can access your wallet unless they have the USB device that unlocks it.
This is recommended for advanced users or people who are storing large amounts of bitcoins.
There are many options available for purchasing bitcoins. You can purchase them with wire transfers, credit cards, money grams, debit cards and even in cash. Be careful when purchasing your bitcoins. Verify that the person you buy them off of has a good reputation in order to avoid fraud and other scams.
Confirmed reputable sites for purchasing bitcoins instantly:
Gravity (Europe)
Coinmama (Worldwide)
Bitcoin & Online Gambling
Online bitcoin gambling can come in a variety of forms. Casino games with live dealers and video slots, dice sites, sports betting and poker are the most popular forms of bitcoin gambling currently available. Many casinos offer welcome bonuses for new and existing players, usually doubling your first bitcoin deposit on their site.
Moreover, many sites provide proof that they are running legitimate bitcoin betting environments by producing evidence for provably fair games. Provably fair (P.F) means that the odds are not overwhelmingly stacked against players, and we highly recommend you take this into consideration before playing.
Many countries around the world have banned either bitcoins or online gambling. To determine whether it is legal to bitcoin gamble in your country, please reference our legality page
Bitcoin Gambling Sites
There are many sites available for bitcoin gambling, each with their own games, bonuses, jackpots and prizes:
Bitcoin Casinos: Blackjack with live dealers, roulette, lottery, dice, baccarat, keno and many other exciting games can be found on the many bitcoin casinos currently available online. When choosing a casino for bitcoin gambling, you should look for game variety, deposit bonuses and a strong customer support team.
welcome pack 6 BTC + 300 free spins |
➥ Other top bitcoin casino sites can be found here
Bitcoin Poker: The most well-known casino card game on the planet can be played online with bitcoins. Standard Texas Hold ‘Em, Pot Limit Omaha, 7 Card Stud and many more variations are readily available to be played. Consider rake back bonuses, deposit bonuses, bad beat jackpot availability and community size when selecting your poker environment.
Deposit in bitcoin and get a 150% up to $1,500 first deposit bonus |
➥ Other top bitcoin poker sites can be found here
Bitcoin Dice: Many dice sites utilize provably fair software to verify that each roll is legitimately 50/50. Most dice platforms allow you to configure thousands of rolls in a row, modifying the bet amount after winning or losing which allows players to implement a mathematical strategy into their rolling methods via software automation. When selecting a dice site, you should look for a strong faucet, the house edge percentage and provably fair software.
Provably fair dice with enhanced privacy and low 1% house edge |
➥ Other top bitcoin dice sites can be found here
Bitcoin Slots: Video slots can be found throughout the bitcoin gambling community on many sites, each offering different games from several developers. Many bitcoin casinos offer slots along with other casino card games like blackjack. The premier video slots environments will often have fast game load times, a vast array of games available, strong deposit bonuses and an excellent customer service team.
Welcome package 0.003 BTC + 250 free spins |
➥ Other top bitcoin video slots sites can be found here
Baccarat is known as the casino game with the lowest house edge, however, the Tie bet can definitely tarnish its reputation. The Banker is recommended for its low edge of 1.06%, the Player is also a good option with a house edge of 1.26% and then there's the Tie bet – standing at the staggering 14.4% house edge, defying logic and critical thinking. Technique how to win baccarat in casino. How to Win Baccarat At The Casino: To really immerse yourself in everything Las Vegas has to offer beyond the world-class shows, award-winning rest aurants, and some of the best nightlife anywhere, you should to learn how to play baccarat and win like an old pro. Discover the Top Online Baccarat Casinos (2021) - We look at the best casino sites for playing real money baccarat games. Plus top FREE welcome bonuses! The largest ever single win at baccarat was in 2015 at the World Series of Baccarat in Macao when Lin Haisan scooped a record $12.9m jackpot. The previous biggest win was $12m at the Crown Casino in Melbourne in the 1990s. It was one of the streak of winnings by unnamed high-rollers that totaled $55m over the course of a few months.
Bitcoin Sportsbooks: Sports enthusiasts have the ability to bitcoin gamble on many different sportsbooks websites. Winning bitcoins with your sports knowledge is easier than ever and many sites support the ability to bet on virtually every major team and individual sport around the world. Be aware that some sportsbooks platforms offer different odds than others.
100% Initial Deposit Bonus up to 5 BTC and high limits per bet |
➥ Other top bitcoin sportsbooks sites can be found here
Crypto Gambling Sites
Whether they come from forks, airdrops or real blockchain projects, cryptocurrencies are seen by critical minds as speculative currencies. Even if they are about to disappear for the most part and there will only be Bitcoin, they are the delight of online casinos in constant search for new and fast methods of payment. Crypto casinos can accept from 1 to several tens of cryptocurrencies.
Crypto casino accepting BTC, ETH, BCH, LTC, DOGE, XRP, TRX, EOS |
➥ Other top crypto gambling sites can be found here
Our Bitcoin Casino Reviews
Bitcoin gambling comes in many forms, ranging from online casinos with video slot machines and live dealers, dice, sports betting and poker sites. Since there are so many avenues to gamble with bitcoins, our goal is to keep the bitcoin community up to date on the best environments for bitcoin gambling by doing all of the research for you. Making sure you make an informed decision about where you play is our primary focus. We do so by thoroughly researching and playing on every bitcoin gambling site and using our experiences to deliver unbiased reviews of each site. Using our reviews as a definitive guide, bitcoin community members are finding new and exciting places to play every single day.
To read our bitcoin casino USA reviews, please click here or to browse our entire catalogue of bitcoin gambling reviews, please click here.
Bitcoin Chaser - August 18, 2019
The internet revolution wouldn't have been complete without online gambling that makes it convenient for you to play from the comfort of your home whenever you want. Bitcoin gambling makes this experience even greater, bringing unique games to the fore, quick transactions and a degree of privacy that fiat cannot offer. But is Bitcoin gambling legal?
The short answer is that as long as you live in a jurisdiction in which online gambling is legal, you are gambling on a licensed casino, and Bitcoin is legal within that same jurisdiction, then you can play using your coins all you want. The long answer is a little more complex.
Bitcoin Gambling: The Devil is in the Details!
The question of whether Bitcoin gambling is legal or not is composed of at least 3 underlying questions: 1. Is gambling legal where you live? 2. Is Bitcoin legal where you live? 3. Does it really matter if any of those are legal if I am using an asset like Bitcoin, which is decentralized and doesn't care about the law of the land?
The first question is key if you are looking to gamble online in any case. Whether you use Bitcoin or not, if you care about the law, you should not engage in any kind of online activity that is illegal within the jurisdiction you live in. If online gambling is legal in your jurisdiction, then you should ask yourself whether Bitcoin is legal as well. If it is, then you can gamble with your coins, but if it is illegal, then you would be taking a risk if you use Bitcoin for anything, including gambling.
How Do I Get Started?
To get started testing bitcoin, you will at first, need a Bitcoin wallet. A key bit of advice you must bear in mind is that if your wallet is at any time corrupt or lost, you will lose all your bitcoins if you have not backed up your wallet. Please be aware of this when you choose a wallet type.
The three variations of wallets:
- Online wallets → guarda
Online wallets are stored by a third party on their cloud servers. Creating and backing up your bitcoin wallet are simple if you choose a web-based wallet because some online wallet providers keep backups for you while also giving you the option to back up your bitcoin wallet yourself.
This is recommended for new bitcoin users or people with basic computer knowledge.
- Software wallets → exodus
Software wallets are stored entirely on your own computer, but require that you backup your wallet manually. They are more secure than cloud wallets because if the cloud is ever compromised, you run the risk of losing the contents of your wallet.
This is recommended for intermediate/advanced users
- Hardware wallets → ellipal
Hardware wallets are the most secure type of bitcoin wallets. In order to access your bitcoin wallet, you need to have a special piece of software that usually plugs into your computer via USB. You also need to backup this wallet manually. However, it is the most secure solution because nobody can access your wallet unless they have the USB device that unlocks it.
This is recommended for advanced users or people who are storing large amounts of bitcoins.
There are many options available for purchasing bitcoins. You can purchase them with wire transfers, credit cards, money grams, debit cards and even in cash. Be careful when purchasing your bitcoins. Verify that the person you buy them off of has a good reputation in order to avoid fraud and other scams.
Confirmed reputable sites for purchasing bitcoins instantly:
Gravity (Europe)
Coinmama (Worldwide)
Bitcoin & Online Gambling
Online bitcoin gambling can come in a variety of forms. Casino games with live dealers and video slots, dice sites, sports betting and poker are the most popular forms of bitcoin gambling currently available. Many casinos offer welcome bonuses for new and existing players, usually doubling your first bitcoin deposit on their site.
Moreover, many sites provide proof that they are running legitimate bitcoin betting environments by producing evidence for provably fair games. Provably fair (P.F) means that the odds are not overwhelmingly stacked against players, and we highly recommend you take this into consideration before playing.
Many countries around the world have banned either bitcoins or online gambling. To determine whether it is legal to bitcoin gamble in your country, please reference our legality page
Bitcoin Gambling Sites
There are many sites available for bitcoin gambling, each with their own games, bonuses, jackpots and prizes:
Bitcoin Casinos: Blackjack with live dealers, roulette, lottery, dice, baccarat, keno and many other exciting games can be found on the many bitcoin casinos currently available online. When choosing a casino for bitcoin gambling, you should look for game variety, deposit bonuses and a strong customer support team.
welcome pack 6 BTC + 300 free spins |
➥ Other top bitcoin casino sites can be found here
Bitcoin Poker: The most well-known casino card game on the planet can be played online with bitcoins. Standard Texas Hold ‘Em, Pot Limit Omaha, 7 Card Stud and many more variations are readily available to be played. Consider rake back bonuses, deposit bonuses, bad beat jackpot availability and community size when selecting your poker environment.
Deposit in bitcoin and get a 150% up to $1,500 first deposit bonus |
➥ Other top bitcoin poker sites can be found here
Bitcoin Dice: Many dice sites utilize provably fair software to verify that each roll is legitimately 50/50. Most dice platforms allow you to configure thousands of rolls in a row, modifying the bet amount after winning or losing which allows players to implement a mathematical strategy into their rolling methods via software automation. When selecting a dice site, you should look for a strong faucet, the house edge percentage and provably fair software.
Provably fair dice with enhanced privacy and low 1% house edge |
➥ Other top bitcoin dice sites can be found here
Bitcoin Slots: Video slots can be found throughout the bitcoin gambling community on many sites, each offering different games from several developers. Many bitcoin casinos offer slots along with other casino card games like blackjack. The premier video slots environments will often have fast game load times, a vast array of games available, strong deposit bonuses and an excellent customer service team.
Welcome package 0.003 BTC + 250 free spins |
➥ Other top bitcoin video slots sites can be found here
Baccarat is known as the casino game with the lowest house edge, however, the Tie bet can definitely tarnish its reputation. The Banker is recommended for its low edge of 1.06%, the Player is also a good option with a house edge of 1.26% and then there's the Tie bet – standing at the staggering 14.4% house edge, defying logic and critical thinking. Technique how to win baccarat in casino. How to Win Baccarat At The Casino: To really immerse yourself in everything Las Vegas has to offer beyond the world-class shows, award-winning rest aurants, and some of the best nightlife anywhere, you should to learn how to play baccarat and win like an old pro. Discover the Top Online Baccarat Casinos (2021) - We look at the best casino sites for playing real money baccarat games. Plus top FREE welcome bonuses! The largest ever single win at baccarat was in 2015 at the World Series of Baccarat in Macao when Lin Haisan scooped a record $12.9m jackpot. The previous biggest win was $12m at the Crown Casino in Melbourne in the 1990s. It was one of the streak of winnings by unnamed high-rollers that totaled $55m over the course of a few months.
Bitcoin Sportsbooks: Sports enthusiasts have the ability to bitcoin gamble on many different sportsbooks websites. Winning bitcoins with your sports knowledge is easier than ever and many sites support the ability to bet on virtually every major team and individual sport around the world. Be aware that some sportsbooks platforms offer different odds than others.
100% Initial Deposit Bonus up to 5 BTC and high limits per bet |
➥ Other top bitcoin sportsbooks sites can be found here
Crypto Gambling Sites
Whether they come from forks, airdrops or real blockchain projects, cryptocurrencies are seen by critical minds as speculative currencies. Even if they are about to disappear for the most part and there will only be Bitcoin, they are the delight of online casinos in constant search for new and fast methods of payment. Crypto casinos can accept from 1 to several tens of cryptocurrencies.
Crypto casino accepting BTC, ETH, BCH, LTC, DOGE, XRP, TRX, EOS |
➥ Other top crypto gambling sites can be found here
Our Bitcoin Casino Reviews
Bitcoin gambling comes in many forms, ranging from online casinos with video slot machines and live dealers, dice, sports betting and poker sites. Since there are so many avenues to gamble with bitcoins, our goal is to keep the bitcoin community up to date on the best environments for bitcoin gambling by doing all of the research for you. Making sure you make an informed decision about where you play is our primary focus. We do so by thoroughly researching and playing on every bitcoin gambling site and using our experiences to deliver unbiased reviews of each site. Using our reviews as a definitive guide, bitcoin community members are finding new and exciting places to play every single day.
To read our bitcoin casino USA reviews, please click here or to browse our entire catalogue of bitcoin gambling reviews, please click here.
Bitcoin Chaser - August 18, 2019
The internet revolution wouldn't have been complete without online gambling that makes it convenient for you to play from the comfort of your home whenever you want. Bitcoin gambling makes this experience even greater, bringing unique games to the fore, quick transactions and a degree of privacy that fiat cannot offer. But is Bitcoin gambling legal?
The short answer is that as long as you live in a jurisdiction in which online gambling is legal, you are gambling on a licensed casino, and Bitcoin is legal within that same jurisdiction, then you can play using your coins all you want. The long answer is a little more complex.
Bitcoin Gambling: The Devil is in the Details!
The question of whether Bitcoin gambling is legal or not is composed of at least 3 underlying questions: 1. Is gambling legal where you live? 2. Is Bitcoin legal where you live? 3. Does it really matter if any of those are legal if I am using an asset like Bitcoin, which is decentralized and doesn't care about the law of the land?
The first question is key if you are looking to gamble online in any case. Whether you use Bitcoin or not, if you care about the law, you should not engage in any kind of online activity that is illegal within the jurisdiction you live in. If online gambling is legal in your jurisdiction, then you should ask yourself whether Bitcoin is legal as well. If it is, then you can gamble with your coins, but if it is illegal, then you would be taking a risk if you use Bitcoin for anything, including gambling.
Are Bitcoin Casinos Legal in the US?
Jurisdiction is the most important issue when dealing with any kind of gambling. Bitcoin casinos are not different. In the US for instance, the rules that apply to each individual depend on where they reside and where they are when they choose to play.
Bitcoin is legal in the US and has even been labeled as a commodity by the CFTC. That means the Bitcoin side of the casino equation in the US is not the root of the issue. The gambling side of the equation is the biggest issue. Bitcoin casinos are legal in the US wherever any other kind of casino is legal. But online gambling in general in the US is highly restricted by federal law. The Unlawful Internet Gambling Enforcement Act of 2006 – UIGEA – prohibits transactions that involve online gambling.
Bitcoin Casinos in the US: The Grey Area
This puts any kind of online casino in the US within a grey area. When it comes to Bitcoin casinos, the problem might be even deeper. If the exchange of a commodity which is not regulated like other commodities that are publicly traded, is not deemed to be a financial transaction, then bitcoin casinos should be legal in the US.
Nevertheless, UIGEA has been criticized widely because its enforcement is lax. Furthermore, the Supreme Court in the US just recently ruled that a major obstacle to sports betting was illegal. This ruling in particular widened that grey area in which Bitcoin gambling operates in the US. Given all these particularities with legislation and the regulatory climate, it is impossible to say definitively that Bitcoin casinos are not legal in the US.
In fact, many Bitcoin casinos service US customers. Some of them are even licensed in a number of states. Other avoid the licensing issue altogether, making them illegal on the gambling side due to a lack of regulatory compliance.
To help you pick a good Bitcoin casino that you can play at with peace of mind and operates in the US, we put together a short list of the best brands that fit the bill:
Bitcoin Gambling Sites
FortuneJack
Lucky Bity
Bitcoin Penguin
Free Spin
BitBook
Crypto Thrills
Are Bitcoin Casinos Legal in the UK?
Another interesting jurisdiction to look at is the United Kingdom. In a sense, regulation of online gambling in the UK is laxer than in the US. When it comes to Bitcoin, the FCA lists it as an unregulated digital asset, but Bitcoin transactions are taxable depending on their nature. Some of these regulations might change when the UK leaves the European Union – Brexit.
Focusing on the gambling side, online casinos that have proper licensing are legal in the UK, regardless of whether they deal with Bitcoin or not. Furthermore, legal tradition in the UK, where it was only legal to place bets over the phone but never face to face, has created an environment in which bitcoin casinos can thrive. So, the short answer is, yes, Bitcoin casinos are legal in the UK, but you should play with the ones that have a license there. Here is a short list of the Bitcoin casinos we recommend for UK players:
Lucky Bity
Bitcoin Penguin
Free Spin
BitBook
Crypto Thrills
Bitcoin Doesn't Care!
The question about where Bitcoin casinos are legal and where they are not assumes that players are interested in playing legally. Bitcoin is an internet protocol. Therefore, regardless of whether online gambling or Bitcoin are legal in your jurisdiction, the Bitcoin network doesn't care. Bitcoin is a censorship-free network.
Its nodes are all around the world. There is no single government entity that can stop the blockchain from working. We always recommend staying on the right side of the law, which is why previous are so important. Nonetheless, theoretically speaking, anyone should be able to gamble with Bitcoin from almost anywhere in the world, provided they use a VPN service.
Bitcoin is Not the Enemy!
For governments that want to enforce the law in jurisdictions in which Bitcoin gambling is not legal, they should be looking at VPN services instead of going after Bitcoin users or businesses. They should also keep in mind that most gamblers who use Bitcoin, do so because online gambling is either illegal or too heavily regulated within their jurisdiction. This circumstance has attracted gamblers to Bitcoin as a means of gaining access to what their government seeks to put beyond their reach, and tools like a VPN are the catalyst for that kind of activity.
So, Using a VPN Service is Illegal?
Nevertheless, most governments in the world – with the exception of those which focus on internet access restrictions, like the Iranian government – will not go after VPN services. These are deemed to be perfectly legal. The common denominator between VPN and the legal status of Bitcoin gambling, seems to be that the onus of any kind of illegal online activity involving either tool, is on the individual. If you use a VPN to engage in Bitcoin gambling within a jurisdiction in which either online gambling or Bitcoin are illegal, then you are on the wrong side of the law.
What Is Bitcoin Gambling Fastest Wager Youtube Game
Bitcoin Gambling With and Without a License
Regardless of whether it is legal or not, more gamblers are taking their chances and are gambling with Bitcoin using VPN services. They do so primarily to circumvent the fencing mechanisms that casinos have in place to keep gamblers from jurisdictions in which they do not have a license, from using their services. That is, if the casino is at all licensed. There are plenty of Bitcoin casinos that are not licensed, and players do not require VPN to gamble on them, because they have no interest in placing any barriers based on the player's location.
The Bottom Line is…
These Bitcoin casinos that do not have a license, just add to the complexity of the issue. The bottom line is that Bitcoin gambling is legal in many places around the world. In those places where it is not legal, players recur to VPN services to gain access to the service, taking on the added risk of being caught. In other instances, they go for Bitcoin casinos that operate without a license – which makes that casino operation illegal in most places. Bitcoin, however, doesn't care about the legal status of any of these elements. On that esoteric online jurisdiction, Bitcoin gambling is always legal.