March 25, 2021
The cryptocurrency is becoming increasingly popular as a payment option to fund gambling and can be used directly in a wide variety of online casinos or, alternatively you can fund some online payment provider accounts using Bitcoins.
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- July 2018
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- June 2019
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- October 2019
18+ | T&C Apply – To receive the welcome bonus a minimum deposit of £10 is required. The minimum deposit for other offers that require a deposit will be clearly communicated. Maximum bonus offered will be communicated in the details of each specific promo.
Bitcoin is a form of electronic cash, or cryptocurrency, and was the first digital currency created. It’s estimated that there are between 2.8mn and 5.9mn global consumers currently making use of Bitcoin digital wallets in 2018, now in 2021 we expect even higher numbers.
You’ve probably been aware of the rise in value of Bitcoins, the cryptocurrency soared through 2017 to reach a price of almost $20,000 per unit. At 6 November 2017 the cryptocurrency was trading at around £4,900 and its value has fluctuated massively throughout 2018. When we last checked 17th of March 2021 the price was at an almost all time high on $55,000.
Using Bitcoins for casino
If you plan to use Bitcoins to fund gambling directly, you’ll need to ensure your chosen casino accepts the cryptocurrency. Many international casinos accept cryptocurrency deposits, however, this is not quite so common on a global basis.
Some of the casinos that accept Bitcoins include:
- mBit Casino
- Fortune Jack
- 7 Bit Casino
- Konung Casino
- Superior Casino
- Bet King
- JetWin Casino
- Burran Casino
- Mars Casino
Many of these casinos have been independently tested and verified by cryptocurrency specialists to ensure the professionalism of the service provided.
Another way to utilise Bitcoins for gambling is to deposit cryptocurrency with providers like Skrill, Neteller, Stripe and Trustly. The advantage of using a payment provider to deposit Bitcoins is that you can then use your cash in any online casinos. If you don’t already have an account with an online payment provider, take time to check out our reviews of all the top providers to select the one that’s most appealing.
Using your Bitcoins for gaming
As noted above, using Bitcoins for gambling can be accomplished via two methods.
If you want to deposit your bitcoins directly with an online casino, you will need to research the ones that will accept it. The above listing is not complete and there are many more casinos that are willing to accept Bitcoin payments. Indeed, new casinos are added to the listings on a regular basis, as use of cryptocurrencies in general becomes more and more popular with consumers.
UK Bitcoin Casinos
It’s important that you find a online casino which also has a UK gambling license when you want to play on a online casino with Bitcoins or any other crypto currency. Otherwise you wont be protected and this might cause problems for you when withdrawing money. Also check which kind of bonuses the casino offers, many offers a no deposit bonus which gives you the possibility to try the casino at first for free.
When you plan to deposit your Bitcoins with a casino, you’ll generally need to register an account first. All the different payment providers offer their own registration screens, but you’ll usually need to provide personal details and payment information. Where you utilize Bitcoins to make your deposit, you’ll need an active digital wallet of some kind in order to process your transaction.
Payment providers exchange Bitcoins at the current rates and these change on a daily basis. They will generally publish details of the rate they’ll pay for customer Bitcoins and if you progress your transaction it will take place immediately and the funds will appear in your wallet.
Withdrawal from Casinos
We’ve seen that one of the most common questions related to withdrawals would be how fast it is. In the beginning of Bitcoins as a payment method we’ve seen that it often takes a long time to receive it. Gambling with real money often means instant transactions so we understand that this might be something players now got used to.
What happens is that when you request a withdrawal from the casino, then they send it to you. Normally it can take a couple of minutes before you receive it and therefore it’s not really instant. Today there is no solution for this but from what we heard it will soon come.
We will update with more information as soon as we receive it.
As can be seen, there are two main ways to use Bitcoins to fund casino gaming. This is either directly with preferred casino providers or by way of exchanging your Bitcoins for currency using the services of an online payment provider. No matter which method you use to fund your gaming, your Bitcoin exchange rate will be very dependent on the daily cryptocurrency rates which you can research online at any time.
It’s getting far easier to gamble with Bitcoins, particularly in US casinos. But, the opportunity to cash in Bitcoins with popular payment providers does give you even more opportunities to game with a number of casinos and entertainment centers.