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Bitcoin casino UK

Bitcoin casinos are online casinos where you can deposit and play using BTC, the most popular cryptocurrency in the world. Although Bitcoin is becoming more popular all the time, the gambling regulators haven’t yet blessed its use on licensed casino markets such as the UK.

On this page, you’ll find everything you need to know about Bitcoin casinos in the UK, ways to use crypto for gambling and basic info about the blockchain technology.

Jump ahead:

Getting around the Bitcoin casino restrictions in the UK

Unfortunately, you can’t directly deposit bitcoin at regulated and licensed UK online casinos for now. However, if you’re set on using your crypto for gambling, there are ways to get around this.

Several e-wallets, crypto exchanges and online banks have found ways to blur the line between cryptocurrencies and traditional banking solutions. In practice, you can spend crypto of your choice and the casino gets fiat, i.e. “normal money”.

Here are some examples of payment providers that let you spend crypto using more conventional banking methods:

Crypto.com Revolut PayPal (bitcoin integration announced for 2021)

Each of these systems differs slightly from its competitors, and we won’t provide detailed instructions here. However, the basic idea is this:

Sign up and get a traditional, widely accepted banking solution, e.g. bank account, debit card or e-wallet Buy or receive digital currencies in a wallet linked to your account You can choose whether to use crypto funds or fiat for purchases When you pay with crypto, each purchase is converted into fiat at the going rate and Can clams casino be frozen deducted from your crypto balance You pay with crypto, the merchant (the casino) gets fiat

We can’t give you an exact list of casinos that accept alternative ways to deposit with BTC. Luckily, we don’t have to. For example, if the casino accepts a Visa card issued by a regular bank, they’re likely to accept one issued by Revolut or Crypto.com. Below are Bojoko-listed casinos with the widest range of banking methods.

Unfortunately, there are currently no UK-licensed casinos that directly support bitcoin deposits and withdrawals. However, here’s a list of casinos where you can use intermediary banking options to get around this and pay with bitcoin.

Why UK-licenced online casinos don’t feature Bitcoin?

Regulation surrounding cryptocurrency in the UK is particularly fragmented. Over the last few years, the UK government has had a general view that bitcoin and other cryptocurrencies are not ‘real currencies’. This is because they are not perceived to perform the functions generally associated with the definition of currency. Therefore, they are not widely accepted as legal tender, though legal.

The main reason bitcoin casinos are not so prevalent in the UK lies within the inherent characteristics of cryptocurrency. Bitcoin was created to remove power from the central banks and the regulations associated with them and their fiat currency counterparts.

Currently, it is not illegal for UK-licensed casinos to accept cryptocurrency deposits. However, the UK Gambling Commission requires all casinos to comply with anti-money laundering (AML) and know your customer (KYC) regulations. This becomes extremely difficult for bitcoin casinos as arguably the most important characteristic of the cryptocurrency is its perceived anonymity. Overcoming this obstacle has clearly been quite difficult for bitcoin casinos who have decided to avoid establishing themselves in the UK.

What does the future look like?

The UK is one of a growing list of countries that are looking at ways to properly regulate bitcoin and other cryptocurrencies. As regulations change and adapt and more people begin to adopt bitcoin, we will likely start to see bitcoin casinos start to pop up. For example, online payments powerhouse PayPal has stated that in 2021 they will give customers the ability to buy, sell and hold bitcoin and other cryptocurrencies. This would allow people to use their crypto at any of the millions of merchants PayPal works with. Advances such as this could promote big changes within crypto gambling.

Unfortunately, it is highly unlikely players will ever be able to play at a UK-licensed bitcoin casino and be anonymous due to the UKGC’s strict guidelines. However, players in the UK may very soon have the choice to experience the benefits of bitcoin betting!

What is Bitcoin?

In 2008, a computer programmer going by the pseudonym of Satoshi Nakamoto released Bitcoin and its underlying blockchain technology to the world. As stated by Satoshi in the famous white paper, Bitcoin is an “electronic cash system that’s fully peer-to-peer“.

Bitcoin and New online casino usa accepted other cryptocurrencies are made possible by a technology called the blockchain. This is a shared electronic ledger in which transactions in cryptocurrency (e.g. bitcoin) are instantly validated by a network of computers, thus creating a decentralised and transparent environment.

Essentially, Bitcoin is a digital currency that can be used as a transfer of value between people, without the interference of banks or other third parties. Bitcoin is the most popular of the available cryptocurrencies and can be used for a variety of things such as booking hotels, buying food and gambling.

What’s so special about Bitcoin gambling sites?

Bitcoin casino (or BTC casino for short) brings plenty of new exciting features to the table. It’s easy to understand why Bitcoin gambling is becoming ever more popular.

Take a look at how Bitcoin can improve your experience in the newest online casinos:

A private, decentralised and transparent currency Bigger bonuses for players due to extremely low transaction costs for operators Super fast withdrawal (usually 20 minutes) Your winnings may increase in value as BTC gains momentum

Low fees are also a major plus. On Bitcoin gambling sites you can expect substantially lower transaction charges than at normal, fiat currency online casinos.

Benefits of Bitcoin casinos Decentralisation

Probably the most important aspect of Bitcoin and the blockchain is its decentralised nature, meaning it isn’t controlled by one single entity or institution. The pros of this are primarily the anonymity and transparency of transactions.

The intrinsic benefits of decentralisation are experienced when playing at a cryptocurrency casino. These include:

No external control over the blockchain and free from banks No need to enter card details or address during signup Extremely low or no transaction fees Fairer processes Provably fair

Another special feature of Bitcoin casinos is that they can be “provably fair”. This concept is unique to casinos that support blockchain technology.

Provably fair casinos prove themselves to operate 100% fairly through mathematical verification. Provably fair casinos cannot corrupt the fairness of their games.

Here’s how provably fair gaming works:

The casino creates a seed number for the bet. This is hashed (turned into a secret code like a digital signature) and sent to the player. The player then adds their own seed number and the bet takes place. When the bet’s over, the player receives the seed used in the bet. If it matches the bet, it’s verified automatically by the system. If the casino tries to manipulate the bet outcome, the bet becomes invalid.

The accuracy and fairness of a bet’s outcome can be verified by players in real-time. The provably fair mechanism is strongly tied to the random number generators. It may take a while before you can play at a live casino using the same verification method.

It is important to note that not all Bitcoin casinos are provably fair. You can check whether a crypto casino is provably fair on its website. The “provably fair” label is normally found and explained on the homepage or “About us” page.

Flexibility and versatility

Bitcoin opens up the world of online casinos and banking options to users who would otherwise have access to neither. At the same time, adding Bitcoin as a payment option to a casino has become easier.

PayPal casinos have to jump through many hoops to get approval. Instead, Bitcoin has quickly become more prevalent online as the popularity of cryptocurrencies continues to grow.

Bitcoin can be transferred amongst users anywhere in the world. Bitcoin is an international digital currency which:

Transcends borders Can be used by anybody regardless of background Makes bank accounts and credit cards unnecessary Security

Bitcoin casinos also have an upper hand over the mobile billing casino sites. In addition to making deposits, you can also withdraw your winnings to your BTC wallet. Since using Bitcoin cuts out the middleman, it’s a fast withdrawal method in a casino.

Bitcoin offers unique layers of protection that aren’t found in other banking options. Every single deposit and withdrawal made in a Bitcoin casino will use a unique, encrypted digital address. All your transactions are coded. Your personal and financial information can never be disclosed as transactions are processed.

Using Bitcoin doesn’t make you completely anonymous. Exchanges and wallet providers usually require you to prove your identity. Additionally, some Bitcoin casinos may ask you to provide KYC documents in exceptional circumstances.

However, Bitcoin has been designed to make users pseudonymous. The network functions with a private key and a public key:

The private key is a secret number that allows Bitcoins to be spent and is saved in your Bitcoin wallet. The public key is equivalent to your Bitcoin address, which changes for every transaction you make. Private and public keys work together as a sophisticated two-way authentication system. Bitcoin casino slots

In terms of general player experience, Bitcoin casinos are almost identical to traditional online casinos. There’s the same wide collection of games available: typically slots, progressive jackpots, table games, and live dealer games.

Depending on the specific casino, players can enjoy slots and live tables from the biggest studios, such as Microgaming and Play’n Go, to smaller, more niche offerings. Players can select their wager amount (within defined limits) and New bitcoin casinos in vegas 2020 can make a withdrawal whenever they want.

When playing slots at a Bitcoin casino, in-game balances and winnings may be shown in different ways depending on the casino. The main way players might see this are coins, BTC, mBTC, uBTC, $, € or £. To clear up any confusion, mBTC and uBTC are simply fractions of a Bitcoin (BTC), this helps when playing with smaller amounts.

What is a Bitcoin casino?

Bitcoin casinos are online casinos that use Bitcoin and other cryptocurrencies as a means to place wagers. Players purchase BTC from an exchange or transfer from a wallet to the casino and then gamble on games as normal. For withdrawals, players simply specify how many BTC (or similar) they want to withdraw, and send those funds back to their wallet.

Which casinos accept Bitcoin?

Bitcoin still hasn’t been properly accepted as a payment option on UK-licensed online casino sites. NetBet casino briefly added Bitcoin as a payment method but decided to remove it after a short period.

However, there are banking services that let you spend crypto while the casino gets paid in regular money. Check out the section Getting around the Bitcoin casino restrictions in the UK.

What is the best Bitcoin casino?

There are several indicators of a casino’s high quality and Bitcoin casinos are no exception. The best online casinos with Bitcoin:

are licensed by the UK Gambling Commission have plenty of games from well-known slot suppliers offer other cryptocurrencies feature fast, reliable, low-fee banking options offer competitive bonuses

Unfortunately, there are currently no UK-licensed casinos that directly let you deposit with Bitcoin.

How does a Bitcoin casino work

Online Bitcoin casinos work in exactly the same way as a regular fiat casinos in terms of how players interact with the site and play games. Aside from the benefits of gambling with Bitcoin, the primary difference is the process of purchasing Bitcoin or other crypto and depositing it into the Bitcoin casino.

Depositing at a Bitcoin casino follows a few relatively straightforward steps:

Open a Bitcoin wallet (if you don’t already have one) Purchase Bitcoin (e.g from an exchange) Send the Bitcoins to your specific wallet address at your chosen casino Get playing!

It is becoming more popular amongst Bitcoin casinos to give players the option to purchase Bitcoin from the casino via a third party. This means players can quickly purchase Bitcoin using their credit card and it will appear in their balance. A Bitcoin wallet would still be necessary for withdrawal.

Depending on the casino, you should be able to withdraw all of your Bitcoin balance instantly. However, some casinos may require the casino payments staff to authorise major transactions over a certain value.

How long does it take for a casino to receive a Bitcoin deposit?

Bitcoin provides its users nearly instant casino deposits and withdrawals. However, some Bitcoin transfers can take a couple of minutes to clear.

Your transaction is recorded in the distributed ledger and becomes an immutable part of the blockchain history as links to the chain are forged upon the previous ones.

How to cash out Bitcoin from an online casino?

This depends on whether or not the online casino is handling Bitcoin transactions directly. If it is, you can withdraw Bitcoin directly to the address from where you made your deposit (e.g. your personal wallet). This may require authorisation from the casino payments department.

How much is 1 Bitcoin worth in an online casino?

1 Bitcoin in an online casino is worth just as much as it is anywhere else. Online casinos have an exchange rate for btc that reflects the current market situation.

Bitcoin and other cryptocurrencies are a volatile asset class, meaning their price fluctuates heavily.

For example, in 2019 the price of btc varied between £2,525 and £10,895. The change has not always been positive for Bitcoin holders.

Aim for the Stars with BitStarz casino in Australia!

If you are looking for a fun-filled, informative casino, listen to what the enthusiastic gamers say about BitStarz casino Australia! Crowned “best” and “The players’ choice”, you can’t go wrong with BitStarz.

BitStarz casino bonus – greeting players four times.

The extended BitStarz casino bonus is the operator’s welcome showering new customers with rewards on the first four deposits. Each deposit is loaded with a percentage of bonus money, and by claiming the first deposit bonus, players score 180 free spins.

How to use, enjoy and win from bonus money and free spins

Players can choose a game offered for bonus play and start the spinning. Should it be their lucky day and they start winning, the bonus amount must be wagered 40x. It is still the player’s lucky day and he has walked away with a win from the no deposit free spins. A player must now pay the minimum deposit allowed to withdraw the winning money.

Roll in for a Welcome Freeroll

The casino is not done with new players, and they can reach the leaderboard in the Welcome Freeroll. Newcomers are welcome to play in the first two weekly Freerolls after they are registered. Cash prizes from the freeroll must be wagered 40 times. And if a player did not make head’s way in the weekly freeroll, they are still eligible for the final prize.

Freeroll runs weekly for new players. The ranking is according to the highest win on a single bet. Real and bonus money is valid for the tournament. The weekly prize is divided between 200 players featuring on the leaderboard. No BitStarz free bonus codes are needed to enjoy 180 free spins

While there are many bonuses at BitStarz, there are no BitStarz free bonus codes needed to claim bonus money or free spins. On making a deposit, players must enter the bonus code to claim the operator’s free spins or extra money. At BitStarz, by clicking on the bonus offered, free spins and free money will be allocated to a player’s account automatically. This means free spins, more money, and more playtime – hassle-free.

A gift on registration with no deposit

Whether it is Christmas or $5 minimum deposit casino 2018 not, the operator gives players their first gift straight after registration. Registration entails supplying a name, email address and choosing your favourite aunt’s name as a supercharged password. This is enough to be registered and gamers can enjoy an instant 20 free spins off the bat.

Never stop enjoying games with Bitstarz mobile casino

Of course, being the players’ choice casino, BitStarz has a compatible BitStarz mobile casino where players can enjoy all their regular games. High-quality graphics, New york new york casino email address good pixel quality, great audio and easy navigation goes without saying and all the other gadgets needed for multi-purpose system supply, was created for iOS and Android.

Which game developers blow your socks off?

Game developers go out of their way to create the new craze, bring magic to online gaming and present something that has never been seen before. Then comes a big name like NetEnt and bring in an easy game like Starburst and it becomes an overnight hit. Why? Because it is simple. A 10-payline video slot with five reels and a wild symbol that is a combined gem with mixed colours. But whether players want to be blown away by the latest games with excellent graphics or return to the simple classics, they are all available at BitStarz.

Betsoft Amatic Productions BGaming Evolution Gaming Nolimit City Quickspin iSoftbet Pragmatic play Big Time Gaming Find shiny games to brighten each day!

For each game selected, players will find a review on the game by the team at BitStarz giving an excellent take on what they found in the game. If the statistics of the game does not appeal to players, they can at least read why they should play the game on the advice of an expert.

Burning classics slot – have a giggle at the review at least

Sakura Fortune – Chinese-inspired graphics

Gold lab – It is not a golden Labrador 😁

Ticket to the stars – Read the witty, succinct, Oscar speech

The Grand – 6-reel, 214-payline

BitStarz casino review – sometimes you have to blow your own trumpet

Here is the casino where a player can get a 5 BTC Welcome Package, have peace of mind that playing online games is safe and secure and payouts will be done in no time. Add some Hollywood flair to the interface, witty reviews on the slots and useful advice on each game, and you’ve got yourself a good deal.

Filling in the Bitstarz pros and cons

Welcome spins on offer with no deposit

No downloadable app

Easy banking methods

Higher wagering requirements

Special Bitcoin category

News from people in the know-how

Choose one of 14 currencies to play BitStarz online games

On entering the mobile site, a button is immediately available for making a first deposit that the operator will double with a 100% on the paid deposit. Choose a deposit amount over the minimum limit and use the dropdown menu supplied to the right of the block provided to “Enter deposit amount”. Here players will find the different currencies available for play.

by:

mohamedparris0

from:

equilibrum.ca
cryptoDATA 13 May 2021 cryptoTIME 15 min read
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