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Bitcoin is a type of decentralised digital currency, known as a cryptocurrency. This is a highly popular type of currency particularly in digital exchanges, as they rely on nearly unbreakable encryption techniques. Bitcoins are user-generated and can transferred from one party to another by use of a cryptocurrency wallet.
Bitcoin was created in 2009 by a person supposedly named Satoshi Nakamoto. It is speculated that this is an alias of a programmer or a group of programmers who wished to stay anonymous.
Until recently, Bitcoin was mainly the preserve of tech-savvy and revolutionary types - therefore these were the only people playing at Bitcoin Casinos. The online, decentralised system and peer-to-peer payments ware naturally appealing to these demographics.
However with the value of Bitcoin spiking by over 1400% in 2017, more and more people have become interested in the cryptocurrency.
Bitcoin payments are 'peer to peer'. This means the money goes from entity A to entity B with no middleman involved, allowing you to transfer money without the involvement of a bank.
That's one of the reasons why when you play at Bitcoin Casinos the transaction fees are much lower.
When you buy Bitcoin, you are identified by a unique address, rather than by name. Because of this, Bitcoin is extremely popular for purchasing items anonymously. Decentralisation and anonymity are probably the two biggest reasons people adopt Bitcoin.
Bitcoin currently comes three main units: Bitcoin (BTC), milli-Bitcoin (mBTC), and micro-Bitcoin (uBTC).
The BTC is a whole unit, the mBTC is a thousandth of a Bitcoin, and the uBTC is a millionth of a Bitcoin. Other units that are commonly seen include the dBTC (one-tenth of a Bitcoin) and the cBTC (one-hundredth of a Bitcoin).
When you gamble on Bitcoin casinos, you’ll mostly see the unit of mBTC being used - unless you're a big high roller who likes throwing whole Bitcoins around.
|Bitcoin Unit||Bitcoin Value||Value if 1BTC = £10,000|
(one tenth of a Bitcoin)
(one hundredth of a Bitcoin)
(one thousandth of a Bitcoin)
(one millionth of a Bitcoin)
(one hundred millionth of a Bitcoin)
|0.00000001||Less than £0.01|
A Satoshi is the smallest possible unit of Bitcoin, named after the cryptocurrency's creator. Each Bitcoin is divisible to the 8th decimal place, and no further.
As their value is so small, Satoshis are often used by Bitcoin Casinos as a no deposit bonus. This enables you to get started even if you don't have any Bitcoins yet.
Interested in Bitcoin casino games? This is one of the few Bitcoin casino reviews that’ll tell you exactly how to go about investing in Bitcoin.
When you start playing at Bitcoin Casinos, it is helpful to first have a balance in your Bitcoin wallet. These wallets come in three forms: online, software (offline), and hardware.
Almost all Bitcoin casino reviews agree that hardware wallets are the most secure type of Bitcoin wallet. However, online wallets are the easiest type to use, especially if you’re not particularly tech savvy.
All three types of Bitcoin wallet can at first seem hard to use. But it's just a matter of taking your time and familiarising yourself with the interface.
Obviously, if you are intending to play at Bitcoin Casinos, you're going to need some coin in your wallet first of all.
There are two ways that you can add money to your Bitcoin wallet. You can buy Bitcoins – either from an exchange or from individuals who have Bitcoins to sell. Or you can mine them yourself - this is much more complex and requires a lot of technical knowledge.
Bitcoin is popular with a lot of people because of its inherent privacy. You can buy Bitcoins anonymously; the only information you have to provide is an email address. That said, it is possible to purchase Bitcoins using debit cards, credit cards, and other common payment methods.
The exchange rate for GBP (or any other currency) to Bitcoin constantly fluctuates and is extremely volatile. Try to keep a close eye on the exchange rates and buy your Bitcoins when they are in your favour. That way, you can play more Bitcoin casino games for your money!
There's a lot of websites and videos on the Internet that claim to explain how Bitcoin works. Unfortunately, most fail to adequately do so and only add to the confusion.
This is one video which we think manages to add a little clarity. Hopefully the clear diagrams and descriptions made in real-life terms should prove easier to understand!
With Bitcoin casinos, you don’t have to have a credit card or bank account tied to your online casino account. All transactions go through your Bitcoin wallet.
Bitcoin casino deposits and withdrawals are usually affected very quickly. However, the length of time can vary depending on the amount of money you’re dealing with.
Smaller transactions at Bitcoin Casinos are almost instantaneous, assuming you already have a Bitcoin wallet set up. For larger amounts of money, it can take 2-10 hours for the entire transaction to be completed. Still much faster than most other payment options!
So why the longer wait time when dealing with larger amounts? Although the transactions themselves are processed very quickly, the security measures of the Bitcoin casino may cause slight delays.
With a maximum wait time of less than half a day, withdrawals at Bitcoin Casinos are highly superior to most other methods in terms of speed. When you consider cheques can take an average of five working days to be sent out, waiting 10 hours seems a minor inconvenience in comparison.
When you play on Bitcoin casinos, the minimum deposit will typically be an amount equal to approximately £10. Typically, the unit you will be mostly using on Bitcoin casino sites is the mBTC.
The worth of an entire, whole Bitcoin can vary drastically. For example, in 2017 it jumped from £830 up to over £15,000! This is why most payments you’ll make when playing at casinos that accept Bitcoin will be in mBTC instead of whole Bitcoins.
When signing up at Bitcoin casinos, always check its terms and conditions carefully before making a deposit. This should tell you all you need to know about minimum deposit amounts. This goes for all kinds of cryptocurrency casinos.
If you use a hardware wallet to store your Bitcoin, you’ll need to download and install the software onto your computer. The other two types of Bitcoin wallet we previously mentioned don’t require you to download anything else.
Upon signing up, you will be able to play within your web browser, like all no download casinos. The recommended Bitcoin casinos listed above offer well-optimised and smooth gaming on all devices.
Even if you usually play on your laptop or home computer, mobile casinos offer great flexibility. By taking your Bitcoin casino with you in your pocket, you can play while on the go! Playing Bitcoin Casinos on your mobile phone is becoming increasingly popular for this reason.
Additionally, most Android smartphones, iPhones, Android tablets, and iPads can be used to play on Bitcoin Casinos. Using your Bitcoins, you’re able to play whichever online casino games you like, whenever you like.
This means, for example, you can play Blackjack online (among other games) on your mobile phone, at a Bitcoin casino!
Ready to play at one of the best Bitcoin Casinos on a mobile phone or tablet? Take a look at the list above and click on the Bitcoin casino sites you’re most interested in. After you sign up for an account at one of our recommended Bitcoin Casinos, you will be able to start playing almost immediately.
Some Bitcoin Casinos offer a mobile app for you to use as well. But if you don’t like downloading apps, you can just access your casino from your mobile or tablet’s browser. There are even some alternative casino payment options specifically designed for mobile players.
With the selection of Bitcoin casino UK operators above, you may have trouble deciding which to play on. What can help you narrow your choices are the Bitcoin casino bonuses on offer.
In order to encourage you to make a deposit, many Bitcoin Casinos will offer deposit bonuses. The amount varies, but it is typically a percentage of your first deposit.
For example if you deposited £100, a 200% match deposit would give you another £200 to play with, making £300 in total.
Some mobile casinos may even offer free Satoshis for signing up, making referrals, playing new games, and more. Check our NetBet review to learn more about one of the first Bitcoin Casinos UK players were given access to.
Even though some deposit bonuses may seem extremely attractive, make sure you know exactly what you’re getting.
Almost all deposit bonuses come with wagering requirements. These are fine if you just want to play, but will prevent you from withdrawing your bonus too soon.
They may also limit you to certain types of games to use your Bitcoin casino bonus on. Make sure you read the terms and conditions of your Bitcoin casino bonuses thoroughly.
Once you have got your head around all this, it will be easier to choose which Bitcoin casino you want to play at.
Are the Bitcoin Casinos UK players access regulated? Well, yes and no. Not all are regulated, but the cream of the crop – such as those in our list above – are extremely well-regulated.
We only recommend casinos licensed by the UK Gambling Commission, the Government body charged with ensuring fair play. Online casinos usually obtain a license from the countries they operate in. But this isn't always possible for various reasons.
This is why we only list the best Bitcoin Casinos in the UK - all of which are fully legal and regulated by the highest authority. Use our Bitcoin casino reviews to get a clear idea of the online casino before signing up.
Provably Fair technology is used to ensure the transparency of Bitcoin Casinos. It does this by verifying bet outcomes were correct and fair, through a set of digital steps that are called cryptographic hash functions:
This method is unique to Bitcoin Casinos, but is hidden behind a more user-friendly interface.
The general consensus is that Bitcoin casino play is advantageous in many ways. It is popular with those who like to play slots online, as well as those who play Roulette and other casino games including Bingo.
Not only can you buy the currency anonymously, but you’re also buying it in a very safe way, benefitting from many levels of security. Plus, you only pay a very small transaction fee that is significantly lower when compared to credit cards.
Getting into Bitcoin Casinos because you enjoy being on the cutting edge of technology? You may also enjoy playing at a Virtual Casino - where you are transported into the atmosphere of a physical casino by a virtual reality headset.
As mentioned above, the use of Bitcoins is very secure. There are many encryption techniques and failsafes which prevent unauthorised people accessing your online wallet.
When it comes to the actual casinos themselves, the security can vary. It is wise to ensure you are playing at reputable and trustworthy Bitcoin casinos. Do this by choosing from the Gambling Commission approved online casinos UK players can access in our list above.
Bitcoin casino reviews can also be very telling. Find out how the casino is run and what they have to offer by hitting the Review button in our list!
If gambling is legal where you are, then Bitcoin gambling is legal too. In the UK, the Gambling Act of 2005 made real-money gambling legal. If you are a UK resident, then you are fully within your rights to play at licensed Bitcoin Casinos like those listed above.
Currently there are no laws specific to Bitcoin gambling, although that may change in the future.
Jump aboard the Bitcoin gravytrain and have some online casino fun at the same time! Its inherent security and anonymity make Bitcoin the ideal casino payment method.
Head over to our recommended Bitcoin casino below and collect an impressive bonus, just for signing up and making a deposit!