Bitcoin
In just a few years, Bitcoin casinos have become more and more popular. Bitcoin, a digital currency founded in 2009, offers simple online payments without banks or other financial institutions.
Below, we will take a closer look at Bitcoin as a payment method and its advantages. We will also walk you through how to make deposits and withdrawals using Bitcoin, step by step.
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How does Bitcoin work?
Bitcoin is a cryptocurrency founded in 2009 by the pseudonym Satoshi Nakamoto. The first trading platform for Bitcoins, Bitcoin Market, opened a year later in 2010 and since then, the demand for this digital currency has grown largely all over the world. Today, Bitcoin is becoming more and more accepted as a payment method online, not least at online casinos. However, there are still many methods that are more common than cryptocurrency when making transactions online.
The vision was to offer simple transactions without middlemen such as banks and financial institutions. Besides offering smooth transactions, Bitcoins aren’t traceable, which offers users full anonymity.
Bitcoin users together form a network with open source software where Bitcoins easily can change owners. Your Bitcoins are stored as a file in a digital wallet which either can be saved on your personal computer or by a third-party provider. You are then free to transfer your Bitcoins to anyone who has a Bitcoin address. Since all transactions are made online, you will need a computer or smartphone with internet access to send or receive Bitcoins.
There are special debit cards for Bitcoins, making it possible for you to withdraw money from ATMs and pay as usual. However, this is not a must for those interested in playing on Bitcoin casinos.
You can also get full mobile access to your Bitcoins using an app – more about how this works further down.
Why use Bitcoin?
There are many reasons why Bitcoins has become such a popular method for online payments. The main advantage of this digital currency is that transactions are made without banks and credit card institutes’ involvement.
By avoiding a third-party, transactions aren’t only made faster – they won’t subject to extra fees. Another advantage when it comes to Bitcoins is that the method is anonymous. Therefore, users aren’t linked to a bank account or a credit/debit card.
Bitcoins are available worldwide, including India, where the demand for cryptocurrency has gone up in recent years. The increased demand has led more crypto business to show interest in the Indian market, not least companies within the igaming industry.
There are still relatively few Bitcoin casinos available in India, but there are still a few options for those interesting in playing using cryptocurrency.
Advantages
- Quick Payments: Instant Deposit and Withdrawal is possible using Bitcoins.
- Anonymous: You can also sign up anonymously at a Bitcoin casino.
- Play Provably Fair Games: The Bitcoin casinos in India offer Provably Fair games based on blockchain technology.
- Low Fees: The Bitcoin casinos do not charge hefty fees for big transactions.
- Availability: At some of the best Bitcoin casino sites, you can bet on sports as well as play casino games.
Disadvantages
- Not Regularised: Bitcoin casinos are usually not regularised because licensing bodies can not track them as there is no fiat currency involved.
- High Volatility: The volatility is quite high if you win 0.450 Bitcoins worth ₹ 5000, but the market goes down, and the value drops to ₹100, then it’s a loss for you.
Fees
Bitcoin payments are usually completely free of charges. For example, when sending small amounts or needing to express processing, minor fees may apply. This is another reason why Bitcoin is a preferred method when making online payments.
Support
If you have problems or question regarding your Bitcoin transactions, you will have to turn to your Bitcoin wallet supplier for assistance. Are you experiencing problems when playing at your Bitcoin casino, the casino support department might help.
Bitcoin app
If you prefer to manage your Bitcoins on your mobile device instead of on your computer, there are several mobile applications available. Most of them are free to download and available both on iOS and Android.
By downloading a Bitcoin wallet app to your smartphone or tablet, you are able to make quick and easy transactions simply by scanning a QR code. You are also in full control over fees and no third-party can lose your funds.
How does Bitcoin work with online casinos?
Over the years, more and more online casinos have been implementing Bitcoins as a payment method. Even though the range of Bitcoin casinos still is quite narrow, there are still several options for players interested in cryptocurrency.
As mentioned above, there are several advantages when making deposits and withdrawals using Bitcoins, such as large anonymity and no middle man. However, casinos offering Bitcoins usually have some regulations regarding which games Bitcoin are allowed to play.
For example, many casinos have restrictions when it comes to table games and live casino games. Therefore, it’s important for you to make sure you understand all terms and conditions before playing with Bitcoins.
How to make a deposit with Bitcoin
To make a deposit with Bitcoins, you will first need to download a Bitcoin wallet and buy Bitcoins (if you haven’t already). When this is done, follow these simple steps to make a transaction to your casino account:
- Find the page for deposits.
- Select Bitcoins as your preferred deposit method.
- Follow the instructions and approve the transaction.
- Now you are all set! Your funds will be available on your account shortly.
If the casino offers specific Bitcoin bonuses, you will most likely have to activate these when making your first deposit.
How to make a withdrawal with Bitcoin
Withdrawals are made in the same way as deposits. This is how is works:
- Make your way to the banking page and click on ”Withdrawal”.
- Select Bitcoin in the list of payment methods.
- Follow the instructions and approve the transaction.
- Done! Your funds will be available in your wallet in a few days.
Top Games to Play at Bitcoin Casinos
You can play some of the best Bitcoin casino games at the casinos we mentioned in this article.
Besides, you can also play at a Bitcoin live casino to enjoy live dealer games. To know more about the games available at bitcoin casinos in India.
Classic Slots
If you are an old soul and remember the days of simple mechanical slot machines, then you will love the classic slots at a Bitcoin casino. The classic slots are those which use simple symbols like cherries, numbers, and bells. These slots try to imitate the classical slot machines that we used to play back before online gaming was introduced.
7 Up 7 Down
If you sign up at an online casino Bitcoin, you will be able to play the game 7 up 7 down. In this game, as a player, your role is to predict the total number of the two dice dealt by the dealer. You can predict a number which is equal to 7, less than 7 or more than seven.
Aviator
You can play the popular online Bitcoin casino game called Aviator, which is full of multipliers. In this game, there will be a toy plane, and it will go up and up and then crash. When it goes up, it brings multipliers for you and your initial amount increases. You need to pull back before the plane crashes, or else you will lose your money.
Lightning Dice
The game of Lighting Dice is a popular Bitcoin casino india game. In this casino game, there will be three dice. The dealer will roll them, and you need to predict what will be the sum of their face value when it lands. The table will have 16 numbers, and you can choose from them to bet. The player with the closest guess wins.
Lottery
Similar to offline lottery games, the best Bitcoin casino will also offer a game of lottery. You can buy a ticket and wait for the lottery draw. The RNG of the lottery will randomly choose a winner for the grand prize. There is more than one winner in a lottery draw, so you can win a smaller prize if you fail to win the grand prize.
Best Bitcoin Casinos in India
Are you looking for a casino Bitcoin which can help you deposit and withdraw money in Bitcoins? If yes, then you came to the right place. Below, we have ranked the top three Bitcoin casinos in India. In these casinos, you can not only enjoy some of the best Bitcoin casino bonuses but also enjoy a variety of casino games.
BitStarz
At BitStarz, you can enjoy 51+ provable fair games which are 100% transparent. With this casino’s VIP programme, you are entitled to get a personalised VIP manager who will assist you in your games. For example, you can increase or decrease the upper limit of a game just for you. More information on this casino can be found below.
- You can play using Bitcoins, other cryptocurrencies, and using Fiat currencies also.
- Live casino games are available at BitStarz.
- The casino offers a VIP club.
- You can buy Bitcoins if you run out directly from the bookmaker.
- It offers 11+ exclusive casino games.
BitCasino.io
BitCasino.io accepts payments like deposits and withdrawals using cryptocurrencies like Bitcoin (BTC), Litecoin (LTC), TRON (TRX), Ethereum (ETH), Tether (USDT), XRP, Cardano (ADA), Dogecoin (DOGE), Binance USD (BUSD), Binance Coin (BNB), and TON Crystal.
The casino also has a VIP section for high rollers. You can get into the VIP club by invitation only.
- 180+ live casino games are offered at BitCasino.io
- BitCasino.io offers 5068 total casino games.
- For slot lovers, BitCasino.io offers 4743+ online slots.
- The casino is licensed by Curacao.
- You can enjoy 98+ jackpot slots with a massive prize pool.
Super Slots Casino
The Super Slots Casino is a popular online Bitcoin casino in India which offers not only casino games like slots, table games, and live dealer games but also offers 22+ speciality games. The minimum deposit using Bitcoin at Super Slots Casino is $20, and the maximum is $500,000. More information can be found below.
- You can play live dealer games at Super Slots Casino.
- The casino offers not only slots but also table games, video poker and live dealer games.
- You can enjoy 462+ slots at Super Slots Casino.
- 73+ live casino games are offered at Super Slots Casino.
- The casino offers 55+ table games to choose from.
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