Crypto

Pros and Cons of Online Bitcoin Casinos

Online bitcoin casinos are becoming more and more common in the casino gaming site market. In this article, we will detail the advantages and disadvantages of this type of casino.

Benefits of a Bitcoin Casino

If bitcoin casinos are so successful, it is because they offer so many benefits to players.

Payments are completely transparent. This means that no “trace” is left during transactions.

Transactions are very fast. These are instant payments, thanks to which players can start playing directly.

Fair games with RNG (random number generator). This algorithm checks the fairness of casino games to ensure that the results are 100% random.

Game catalogs are ready. That is, a bitcoin casino provides its subscribers with many types of casino games. Such as table games, slots, mini-games and others.

Bonuses are unique and sometimes exclusive. Players are always looking for generous bonuses to help them win more.

Sports odds are high. At some bitcoin casinos, registrants will have access to the betting part of the same brand. These bookmakers always offer the best odds you can find on the market.

Cryptocurrency has been on the network since 2013. Bitcoin is the most famous cryptocurrency in the world and it will last the most over time. Although its price sometimes drops, this is normal and part of the crypto game.

Payments are secure and anonymous. The casino will not have access to the player’s personal data when making a deposit or withdrawal.

Disadvantages of a Bitcoin Casino

While Bitcoin casinos offer many benefits to players, they should still be made aware of the weaknesses of the payment method. However, these disadvantages do not outweigh the many strengths of these online casinos.

The legislation is not entirely clear. There is no organization that controls bitcoin, it’s the people who own and buy it, control the price of bitcoin. Your country will not be able to offer you protection in the event of a problem.

There is a capital gains tax. General capital gains are subject to a “flat tax” of 30%.

Bitcoin is pretty unstable. The price of bitcoin is very volatile because it depends on supply and demand, which are influenced by the sentiments of investors and users. All events taking place in the world can have a positive or negative impact on its price.

The minimum deposit to receive the welcome bonus is 0.1 BTC. It is clear that not everyone can afford to invest in bitcoin. Even if its price is sometimes very low, we always stay in the thousands of euros.

Our Top Best Online Bitcoin Casinos

Now that you know why it is interesting to sign up for a Bitcoin casino, we are going to present you with the top 5 casinos of this type. There are many options on the market, but our goal is to tell you about the best ones.

Unique Casino: Online since 2016, this gaming platform is owned by Play Logia NV, which also owns MaChance Casino and VegasPlus Casino. According to the group’s experience, Unique Casino is a complete gaming site with generous promotions, an extensive game catalog and fast withdrawals.

✔️ Advantages❌ Disadvantages

+ 2500 games

Welcome Bonus €200 + 20 FS

Mobile version available

Withdrawals are accepted within 24 hours

High minimum withdrawal amount

Commission for some withdrawals

Lucky8: The casino was established in 2017 and has since established itself as one of the best online casinos on the market. Its popularity can be attributed to its generosity and comprehensive service. Its platform is very dynamic and ergonomic, making it easy for players to navigate. Thanks to the license of the Curacao regulator, the casino can operate in many jurisdictions.

✔️ Advantages❌ Disadvantages

Payments are processed quickly

Customer service available 7 days a week

High payout rate

Library of quality toys

The rate is sometimes high

Casinozer: This online casino has recently entered the market and is part of the Altacore NV group, which owns at least 12 different gaming sites. Thanks to its experience in the market, the group has been able to offer its players a very complete casino.

✔️ Advantages❌ Disadvantages

Exclusive Games

Free spins without wagering

There is a sports bet

Full catalog of games

High welcome bonus on minimum deposit

King Bit Casino: Walk through the jungle of the bitcoin king! Online since 2020, the platform has seamlessly established itself among the best bitcoin casinos on the market. This platform is designed for players who prefer to play with cryptocurrencies (Bitcoin or Ethereum) rather than other traditional payment solutions. His superiority in terms of services has earned him a good reputation among the players.

✔️ Advantages❌ Disadvantages

Great variety of games

Welcome bonus up to 2 BTC

Customer support available 7 days a week

Mobile version available

Few shares

Casino Extra: This casino gaming site is part of the Starfish Media NV group, which has been operating since 2012. Casino Extra has established itself among the players due to its wide selection of live games. Bitcoin came to the casino quite late, but this payment method is really available now.

✔️ Advantages❌ Disadvantages

Many available

High withdrawal limit

Complete library of toys.

Very profitable VIP program

Output processing sometimes takes a long time

This article is promotional in nature and does not constitute investment advice. Do your own research and only invest money that you can afford to lose.

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