We’ve said this several times already, but we recommend that our readers try using Bitcoin to gamble online.
There are so many benefits to using crypto for online gambling. A few examples include anonymity, provably fair games, and speedy payment processing.
Another benefit is that more and more gambling sites are accepting Bitcoin. This means that your options for where to play are growing daily.
The sites in the list below are our favorites. We recommend you check them out now if you’re looking for a safe and top-notch Bitcoin gambling site to join online.
|Rank||Gambling Site||Deposit Bonus||Products||Get Started|
|50% Up To $250||Visit Site|
|50% Up To $1,000||Visit Site|
|50% Up To $1,000||Visit Site|
|200% Up To $7,777||Visit Site|
|100% Up To $1,000||Visit Site|
You can’t go wrong with any site in the list above. That’s because we only include gambling sites that meet our incredibly high standards and accept Bitcoin.
If you’re not sure which site to join, you can read our gambling site reviews. We cover everything you need to know about a site from the games and promotions they offer to the banking options they accept and fees they charge.
If you’re still not sure, then you can read the rest of this page. Though, we’re not sure if we’re going to make your decision easier or make it harder.
We say that because you’re going to find lots of information below. You’re going to find information about things like why you should use Bitcoin, where to join if you want to gamble anonymously, or where to go if you want to play nothing but blackjack.
And lots, lots more.
Everything we talk about below will include links to other guides chock full of more information and sites that we recommend you check out.
So, only continue reading if you’re prepared for a bout of information overload.
You’ve been warned.
If you’ve never used Bitcoin before, you might be wondering why you might trade in your trusty dollar, euro, or pound to get your hands on some. You might also wonder why you should use it to gamble online.
Those are reasonable questions. The following are some of our answers.
One of the biggest reasons why people buy Bitcoin is to invest in it. They believe it’s going to replace traditional fiat currencies or least be used in addition to them.
If they don’t have plans to use it in the future, then they may have plans to eventually sell it for a profit.
For example, during the first couple of years, you could buy Bitcoin for $100 to $1,000. Then it exploded in value, hitting more than $19,000 in value (per Bitcoin) in December 2017.
Recently, the value has settled somewhere in the $5,000-$7,500 range. The point, though, is that if you buy at the right time, you can later sell your Bitcoins for a profit.
Many people have made thousands and even millions of dollars doing this.
Another reason people like Bitcoin is because it is a decentralized currency. It’s independent of any government, bank, or authority.
In fact, Bitcoin is entirely anonymous.
Every transaction you make shows only the address a payment came from and the address it went to. The address is just a string of numbers and letters. There’s nothing about it that identifies the user.
This means that no one will know how you use your money. And no one can tell you how to use your money.
For now, anyway.
One of the hurdles online casinos and sportsbooks have had to deal with is payment processing. For example, they might struggle to find companies to process their payments. Or they struggle with getting payments out in a timely manner.
American online gamblers know these issues all too well.
Ever since the UIGEA passed in 2006, it’s become difficult, if not nearly impossible, to get payments processed to/from online gambling sites. It’s illegal for banks to process them, so they often decline incoming and outgoing payments if they suspect they’re for gambling.
Bitcoin provides a solution to all of these problems.
There are so many reasons to consider using Bitcoin to gamble online and very few reasons why you might not want to. We cover all this on the following page.
We also recommend you read our introduction to Bitcoin if you’re brand new to cryptocurrencies. Then follow that up by reading all about how to gamble with Bitcoin.
By the time you’re done with these pages, you should have a solid understanding of what Bitcoin is, how it works, how to use it to gamble online, and why you should consider doing so.
If you decide to go the Bitcoin route – and we recommend that you at least try it – you need to decide which type of Bitcoin gambling site you want to join.
There aren’t any “formal” names for these sites yet, so we decided to call them whatever made the most sense. That’s not important, though.
What is important is that you know the difference between each type of site so that you can get an idea of which kind of site will be the best fit for you.
Here’s a summary of each one and where you can go to learn more.
The table at the top of the page features what we call “hybrid” Bitcoin gambling sites.
We call them hybrids because they accept both fiat currencies and cryptocurrencies. You can use debit cards, e-wallets, and bank transfers, but you can also use Bitcoin, and in some cases, Ethereum and Litecoin, too.
These sites don’t have some of the advantages of the Bitcoin-only sites we discuss below. You give up a few benefits betting and gaming at these, including anonymity, the lower house edge, and potentially the speedy payments.
However, there are a few upsides to going the hybrid route. One of the biggest upsides is that many of these sites have been around for years and have a positive reputation. They’re not going to rip you off, and they provide an excellent all-around service.
The title should be self-explanatory. What you’ll find on this page is a list of online gambling sites that only accept Bitcoin for payment. You will not be able to use traditional currencies.
There are many benefits to going this route – anonymity, fast payment processing, better banking limits, lower house edge on games, and more.
Learn everything you need to know about Bitcoin-only gambling sites using the button below.
The sites you’ll find on this page are in many ways identical to Bitcoin-only sites. The key difference here, though, is that every site listed offers player anonymity.
Anonymity is important for privacy reasons. Many players don’t want their judgemental friends or family members to know they gamble. It also prevents the government or other authorities from snooping.
Anonymity also prevents sites from being able to steal your information. For example, if you entered your credit card at a rogue operator, they’d have your name, address, email, phone number, and banking information.
What’s stopping them from using all this information to their advantage? That’s scary to even think about, much less deal with.
These are just a few of the many reasons why you might consider using Bitcoin and joining an anonymous Bitcoin gambling site.
Provably fair games are another reason why some people use Bitcoin to gamble online. Provably fair is an option that you’ll find only from Bitcoin-powered table games such as dice, roulette, and blackjack.
What makes this option neat is that it shows you the pieces of algorithm or code used to create a random (or fair) outcome. Even better yet, you can input your own “seed” which will also impact the results.
Once you play the hand or round, you can check the results afterward. You can test it with the casino’s software as well as other algorithm checkers to determine whether your results were truly fair.
You can’t do this with traditional casino games. You have to trust that the casinos test their games for fairness and do so regularly. There’s no way to know on a hand-by-hand or day-by-day basis whether the games you’re playing are fair.
For some people, provably fair games are reason enough to buy some Bitcoin and use it to gamble online.
Some of the gambling sites we recommend the most are “all-in-one” sites.
All-in-one (AIO) sites offer more than one type of gambling. The smaller AIO sites offer an online casino and sportsbook. However, the largest ones will offer a casino, sportsbook, poker room, and sometimes online bingo.
There are many benefits to going this route. For one thing, you don’t need to manage multiple gambling accounts. You can gamble on whatever you want with only one account.
However, this option isn’t ideal for everyone. Sometimes going a more specific route is the better option.
More specific sites offer one type of gambling – a casino, sportsbook, poker room, OR bingo hall.
The benefit of going this route is that the product they offer is top-notch. This is unlike AIO sites where gambling products can be hit or miss – some are stronger than others. You never know which is which until you sign up.
You’ll also often find more specific offers to claim since there’s only one type of gambling available. This also means you won’t have to hear about tips or promotions for types of gambling you couldn’t care less about.
The following are pages about sites that offer a specific type of gambling and also accept Bitcoin.
If you want to get even more specific than that, you can join sites for a specific game. The following pages talk about playing specific games using Bitcoin and the best casinos to join for each one.
We recommend you bookmark this page, as we’ll be adding more game-specific Bitcoin pages in the near future.
If you’re going to gamble online using Bitcoin, another variable to take into consideration is the region you’re playing from.
Every region has their own gambling laws. Then you have Bitcoin – some regions are working on regulating it or regulating what they can, while others almost seem to not realize it exists.
This combination of variables means that it will make more sense for some players to use Bitcoin than others. It might be more practical or easy for them to use Bitcoin.
Take the United States, for example. It’s harder to find legit operations there than it is other parts of the world because the legality of online gambling is a grey area. Payments are difficult to make and receive. They can also take weeks and sometimes even months to receive.
Bitcoin solves these issues. Therefore, it’s easy and practical for Americans to use it.
However, that’s just the US. Laws and regulations vary from region to region. It’s a good idea to know what those are so that you can decide what makes the most sense for you. The following are some guides to help you do that.
If you don’t see your country or region listed here, bookmark this page, as we’ll be adding more regions in the near future.
Bitcoin is the most popular cryptocurrency you can invest in and use to gamble online. It’s not the only one, though. You can also buy and use Bitcoin Cash, Litecoin, and Ethereum.
There aren’t really any additional benefits to using a different cryptocurrency. We suppose one would be that you have additional payment options if you run out of Bitcoin.
The one key downside that you want to keep in mind if you decide to use an altcoin (what non-Bitcoin crypto is called) is that your options for online gambling sites may be limited.
Many sites have adopted Bitcoin. However, not everyone has caught up and started accepting the other cryptocurrencies.
Beyond that, though, you should be able to find many of the same types of sites listed above – sites for provably fair games, anonymous sites, specific types of gambling sites, and more, using altcoins.
You’ll find the best sites for each cryptocurrency in their respective guides below.
As more altcoins increase in popularity and online gambling sites start to accept them, we’ll write guides for each one and add them here.
One final page to mention is the one on mobile Bitcoin gambling sites. These are sites that are particularly well suited for betting and gaming from mobile devices and also accept Bitcoin for deposits and withdrawals.
While there’s a ton of information between the information and guides we linked to above, we know that it doesn’t cover everything related to Bitcoin and gambling online.
For that reason, we thought it’d make sense to cover the most commonly asked questions we receive about Bitcoin below. We’ll provide answers, as well as links to additional resources where it makes sense.
There are several options for how to get Bitcoin. Buying it is probably the simplest option of them all.
You can buy Bitcoin from exchanges. Exchanges are a place where individuals go to buy and sell their cryptocurrency. All you have to do is make a deposit using your debit/credit card or whatever option they accept, then use your funds to buy Bitcoin at that day’s going rate.
Keep in mind that you will need a cryptocurrency wallet first. You’ll need this to store the Bitcoin you buy.
The following page will help you figure out how to find and set up a wallet before you buy your Bitcoin.
There are several resources you can (and should) use. They range from news sites to track trends and ICOs to tools that you can use to analyze the value of each cryptocurrency.
The following is a guide that offers a list of tools and resources we recommend you check out.
For starters, Bitcoin is an investment. You’re buying Bitcoin thinking that it will increase in utility and value in the future.
However, not every investment increases in value. Often times they decrease in value. You never know which way it’s going to go, which can make investing tricky.
For example, if you bought Bitcoin in October 2017, you’d have paid a little more than $6,400 for each coin.
Then, if you held onto your Bitcoin until December 17th, 2017, you’d have been able to sell each coin for $19,000 or more, for a tidy $13,000+ profit.
Not bad, right? But say you bought your first Bitcoin on December 17th, 2017, thinking it was only going to continue to increase in value.
Well, not but a few weeks later, and you’d have been in tears. In fact, on February 4th, 2018, the value of each of your coins would be roughly $8,000 – less than half of what you bought each coin at.
You see what we mean? You just never know which way the value is going to go. All you can do is make an educated guess and then hope for the best.
Don’t forget – this is looking at crypto only from an investing angle. But maybe you want to buy Bitcoin so that you can use it to gamble online.
Well, gambling is volatile in its own right. Nearly every game in the casino has an edge that you simply won’t be able to overcome in the long run. You CAN overcome the edge that bookmakers have in sports betting, but it’s not easy, and you need to be smart.
Just imagine this – you deposit $1,000 in Bitcoin, lose $250 worth playing blackjack, and then decide to cash out to minimize your losses. Then you come to find out that the value of Bitcoin dropped that day, decreasing what you thought was $750 down to $600.
That just sounds depressing. But that’s what you’re signing up for and need to be prepared for if you plan to invest in crypto and use it to gamble.
You can use Bitcoin to pay for goods and services online. Several companies accept Bitcoin. Some of those companies include Microsoft, Newegg, Overstock.com, and Expedia. Just those on that list alone mean that you can buy computers, tablets, headphones, plane tickets, and more.
Earlier in this guide, we talked about getting yourself a crypto wallet. That’s the best way to store your cryptocurrency – at least temporarily.
You don’t want to use a wallet long term, though. The company who manages the wallet can lose your keys (since most, if not all of them, store them and don’t give that info to you). They can also be hacked. YOUR computer can be hacked, too.
This is all bad news. Once your Bitcoin is gone, it’s gone for good. There’s nothing you can do about it.
A much better alternative is to use some form of offline storage. One option is to use a hardware wallet, which is essentially an encrypted or extra-secure USB drive that you store your Bitcoin keys on.
Another option is a paper wallet. This is a good old-fashioned piece of paper with your keys written on it.
Whichever way you decide to go, we recommend you make copies and store them in several locations. One place might be a safe. Another place might be a safe deposit box at your bank.
There are many benefits to the anonymity that comes with using Bitcoin. No one can see the purchases or transactions you make, for example. No one will know you’re gambling. It’ll also be hard for a rogue operation to steal your personal or financial information.
However, there are some downsides to anonymity. For one thing, if you accidentally send your Bitcoin to the wrong address – assuming the address you put in is legit – there’s nothing you can do to get it back.
Anonymity also makes it hard to go after rogue gambling sites that take advantage of you. No one can trace your payments back to you, which makes it hard to hold the site accountable for any issues.
The anonymous factor also increases the amount of crime done using Bitcoin. Many criminals use Bitcoin because it’s hard to track. This affects everyone.
Cold storage refers to storing customers’ cryptocurrency offline. Many, if not all, gambling sites keep their customers’ coins offline to prevent any losses due to a security breach. They only keep enough on hand to deal with day-to-day transactions.
This question is better suited for an accountant and/or attorney. So, the following should not be taken as legal, financial, or tax-related advice.
For one thing, this depends on the country you live in. Some countries tax residents on their gambling winnings. Others don’t. That goes for money made with cryptocurrencies, too.
Don’t forget the anonymity factor, either. It’s hard to track who owes what when you can’t tie payments to the people that made them. That’s on top of the fact that you have the offshore gambling sites that don’t report winnings or losses.
But take the United States, for example. They have put rules in place for Bitcoin investors. They also have rules for gambling winnings. So, it is possible that you’ll have to pay taxes on your winnings. We suggest you ask or check out the IRS or whatever outfit that handles taxes in your country.
Push comes to shove, talking to a lawyer will likely be worth the money if you plan to go all in on cryptocurrencies and/or online gambling.
We covered a lot of ground here. You learned a few reasons why you should use Bitcoin and other cryptocurrencies to gamble online. Then we listed several pages you can check out to learn about specific types of gambling sites that accept Bitcoin and the pros and cons of joining them
Whichever way you decide to go, just make sure that you at least try using Bitcoin to gamble online. There are too many benefits to count and not nearly as many downsides.
It doesn’t matter who you are, what games you want to play, or where you’re playing from. Chances are Bitcoin can make your life a little easier – at least when you gamble online.