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Bitcoin Live Casinos

Bitcoin Gambling

Estimates suggest that over 100 million people own Bitcoin globally, and there are over 200 million Bitcoin wallets. More and more businesses are embracing crypto as a payment option. For example, PayPal has launched a cryptocurrency service!

The more mainstream Bitcoin and cryptocurrencies in general become, the more ways you’ll be able to use them. Bitcoin live casinos are just one example of this shift.

But what is Bitcoin gambling? Can you play live casino games on Bitcoin gambling sites? What are the advantages to using Bitcoin compared to traditional currency?

Bitcoin Casino

When it comes to the online gambling industry and especially bitcoin casino sites, there are two types to choose from: Bitcoin casinos and Hybrid casinos.

Hybrid Casinos

A hybrid casino is a traditional online casino that accepts Bitcoin withdrawals and deposits. Although you can deposit Bitcoin, it will be converted into fiat currency (such as pounds or dollars). So, when you’re playing any live casino games, you’ll see your balance in pounds rather than Bitcoin.

Bitcoin Live Casinos

When you wish to withdraw your funds from the online casino, some hybrid casinos allow you to convert your balance to Bitcoin and withdraw it to your Bitcoin wallet. However, this isn’t common, and the charges and exchange rates may do your balance more harm than good.

This is the most common type of bitcoin gambling site that we can find online in the UK.

Bitcoin Casinos

Bitcoin casinos use Bitcoin as the primary currency. Not only can you make withdrawals and deposits with Bitcoin, but games will also show your balance in Bitcoin. This will usually appear as a decimal figure, such as 0.0074 BTC which is about £250 (at the time of writing).

Unfortunate;y at the moment there are no Bitcoin Casinos for UK players but if you leave abroad this is an option for you.

Bitcoin Live Casinos

Bitcoin icon

So when it comes to Bitcoin Live Casinos, things are working exactly the same way as we explained above. You can play live casino games using your bitcoins either at a Hybrid or a Bitcoin casino.

However, not all countries will allow you to register and play at a Bitcoin Casino. In the UK for example it is much easier to find a Hybrid casino and play live casino games by converting your BTC to pounds.

Here is our choice with the best Bitcoin Live Casinos for UK players. You can deposit using your bitcoins in these casinos and play roulette games, blackjack games and any other game as usual!

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The live casino games are exactly the same whether you play at a Hybrid or a Bitcoin Casino. You can find the same live roulette and live blackjack games from the same software providers like Playtech, Evolution etc. The only difference is your deposit method is BTC instead of GBP.

Why Use Bitcoin in a Live Casino Site?

For countries outside of the UK, gambling isn’t always legal or regulated. Members of the public may worry that by using fiat currency, they’ll be traced and charged. Bitcoin doesn’t make transactions anonymous, but it does stop casino transactions from showing up on your bank statement.

In the UK, you don’t have that problem. So, why would you search for crypto gambling instead of standard gambling?

There are two main reasons:

  • Firstly, Bitcoin users and investors are eager to help normalise the currency. The more accepted crypto becomes by members of the public, companies, banks, and governments, the more valuable it will become as an asset.
  • Secondly, if the value of Bitcoin has increased drastically, traders and investors may wish to use their profits to gamble with. If they can’t spend Bitcoin at the casino, they would need to sell it, withdraw the fiat currency, and then deposit that into the casino instead.
Bitcoin graph

Bitcoin casino sites make use of the benefits that Bitcoin transactions can offer, including:

  • Low transaction costs
  • Secure transactions
  • Near-instant deposits and withdrawals

Once you’ve decided to use Bitcoin live casinos, you just need to choose which type.

How Complicated Are Bitcoin Deposits and Withdrawals in live Casinos?

The process of depositing or withdrawing funds from Bitcoin casino sites works in essentially the same way as fiat currency. To deposit or withdraw funds, you need to have access to your Bitcoin wallet.

To deposit funds:

  • Find the “Cashier” or “Deposit” section of the website
  • Choose “Bitcoin” as your chosen method
  • You’ll see a code that has between 26 and 35 alphanumeric characters
  • Copy this code
  • Return to your Bitcoin wallet and select “Send”
  • Enter this code and the amount you wish to transfer
  • Choose the transaction speed
  • Double-check the transaction information and then confirm it

Alternatively, the casino may provide a QR code. You can scan these via your Bitcoin wallet (if using a mobile-friendly wallet) to save you from entering the long wallet address. But always double-check that the addresses match before confirming. 

To withdraw funds:

  • Find the “Withdraw” section of the website
  • Choose “Bitcoin”
  • Access your Bitcoin wallet and click “Receive”
  • Copy the wallet address
  • Return to the website and enter this code into the space provided
  • You may need to choose a transaction speed
  • Confirm the information

The funds will be in your Bitcoin wallet within 24 hours, assuming the casino doesn’t delay the transaction in some way.

casino chip

Bitcoin Casino Bonuses and Promotions

Why do casinos offer bonuses for playing? As Bitcoin casinos are still relatively new, many websites will offer lucrative bonuses, promotions, or deals to new and existing customers. This encourages them to deposit funds, play new games, or return to the website after a period of absence.

Bitcoin casino games can offer massive rewards, with some ranging from 1 BTC to 5 BTC and above. Currently, 5 BTC is worth over £167,000! To make the most of these rewards and bonuses, check out different Bitcoin gambling sites to see what each one can offer.

These huge bonuses are the case in Bitcoin Casinos which are not regulated by the UK Gambling Commission and most of them don;t even accept new players from the UK.

Bitcoin for Beginners

If you don’t know much about Bitcoin and Cryptos in general here are the basics you need to know.

Bitcoin is a peer-to-peer payment system that uses a digital currency, also known as a cryptocurrency. This type of currency is decentralised, meaning it isn’t controlled by banks or governments.

Many cryptocurrencies, including Bitcoin, use blockchain technology to permanently record confirmed transactions.

Blockchain is essentially a digitally encrypted ledger that is controlled by “miners” – the people who sign and authenticate any crypto transaction.

Bitcoin relies on wallets for digital storage, these can include:

  • Desktop wallets
  • Mobile wallets
  • Web wallets
  • Hardware wallets

Bitcoin wallets don’t function like traditional wallets. They don’t hold the cryptocurrency that you own, but rather the private keys necessary to access the corresponding section of the blockchain. This means only you can access your funds.

Bitcoin casinos could be the next step, for both cryptocurrency and the history of casino gambling.

Ready to Play?

Bitcoin live casinos are increasing in popularity, along with crypto gambling in general. Cryptocurrencies are becoming an accepted form of currency across a wide range of industries. And Bitcoin deposits and withdrawals offer fast, cheap, and secure transactions.

Looking for a casino you can trust? Check out Best UK Live Casinos for tested recommendations!

Are Bitcoin Casinos Legal?

This depends on your countries regulations and if the Bitcoin casino is holding a licence by the Gambling Authority of the country. In the UK for example there are no regulated Bitcoin casinos but there are a few traditional Casinos with a license from the UK Gambling Commission that accept bitcoin as a payment method.

Which live casinos games can I play with Bitcoin?

The same games that you can play when you deposit with any other payment method are available to play with Bitcoin as well. So you can enjoy live roulette, live blackjack, live baccarat, live sic bo and dice and many more games.