What are the Traits of a Bitcoin Casino?

Jump to page contents

What are the Traits of a Bitcoin Casino?

The massive surge in popularity of cryptocurrencies such as Bitcoin has led to the flourishing of a new wave of online casinos. Bitcoin transactions are becoming more common so it was inevitable that the gaming industry would catch on to this trend soon enough.

What Differs a Crypto Casino and a Regular Casino?

This ad promotes cryptocurrency within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in some EU countries and the UK., no EU consumer protection. Investments are subject to market risk, including the loss of principal.
This ad promotes cryptocurrency within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in some EU countries and the UK., no EU consumer protection. Investments are subject to market risk, including the loss of principal.
This ad promotes cryptocurrency within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in some EU countries and the UK., no EU consumer protection. Investments are subject to market risk, including the loss of principal.

Up until around just 2 years ago, the vast majority of online casinos offered players a wide range of payment methods to make deposits and withdrawals. These included major credit cards such as Visa and MasterCard, as well as e-wallets like Skrill, Neteller, Trustly and Paypal with some operators offering the possibility of bank transfer too.

Nowadays however, many operators have realised that being Bitcoin-friendly can work in their favour. To put it simply, most Bitcoin casinos operate in the same way as regular online casinos, the major difference being that they accept Bitcoin as a payment method alongside traditional currencies. In most cases, all other aspects of the casino platform would be the same.

Do all Bitcoin Casinos Accept Other Cryptocurrencies?

There’s no denying that Bitcoin is the most popular digital currency in the world but you’ll probably be aware of the existence of other various cryptocurrencies such as Litecoin, Dogecoin and Ethereum amongst others. Not all Bitcoin casinos are the same and even though some of them may accept payment through other cryptocurrencies, others may be limited to Bitcoin.

Accepted cryptocurrencies will vary from one operator to another, but as a general rule, Bitcoin casinos which focus exclusively on digital currencies rather than traditional fiat currencies, will be more likely to offer a wider range of crypto payment options.

Traditional vs Blockchain Focused Operators

While it’s true that Bitcoin casinos operate in pretty much the same way as regular operators, the gaming software used can differentiate from one operator to another. Most traditional online casinos which offer Bitcoin in addition to traditional payment methods, usually make use of popular software developers such as NetEnt, Microgaming, Quickspin, Yggdrasil and similar brands to power their game lobby.

However some blockchain-focused operators choose to make use of blockchain-specific software, thereby offering a more unique selection of gaming options than traditional operators. In this case, you may not find the usual collection of games you have become accustomed to. This can be a good thing as you’ll find a range of new titles to discover rather than being limited to the same tired games you’ve played thousands of times before. Bitcoin games range from modern video slots with fun themes and bonus features to table and dice games such as poker, blackjack, roulette, and baccarat as well as some scratchcards and other specialty games so you’ll still be spoilt for choice.

Ready to join our tribe?

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar Guides

Latest Guides

Analysis,Litecoin,Technology

Is Litecoin a good investment right now?

Litecoin is popularly known as the second cryptocurrency to be created, as it came to life in 2011 by a former Google employee, Charlie Lee. It is an open-source software that aids peer-to-peer cryptocurrency transactions. It is quite similar to Bitcoin and most times referred to as an altcoin or spinoff of Bitcoin. We cover […]

21 July, 2021
Altcoins,Analysis

5 Top Altcoins That Will Explode in 2021

Cryptocurrency is a concept known to virtually every human on the face of the earth. From the launch of the first cryptocurrency, Bitcoin, it has gradually become an acceptable financial concept that has the potential to take over from the traditional fiat currency. Apart from Bitcoin, which is widely known as the most popular and […]

14 July, 2021
Analysis,Cryptocurrency

What is the Fear and Greed Index?

No crypto investor wants to buy an overvalued coin only to discover that their long position has been Swiss-cheesed even before the move was made. More often than not, the glittering of a ‘coin’ is a question of unstable human emotions instead of adequate research and tenable data. To properly evaluate the worth of a […]

5 July, 2021
Binance,Coinbase,Cryptocurrency,DogeCoin,Ethereum,Stablecoin

What is a gold-backed cryptocurrency?

Gold-backed cryptocurrency can be defined as a stablecoin that backs each token with physical gold. Because of the volatility of the cryptocurrency market, many people are uncomfortable with the market and so prefer to invest their money in different stocks and indices. But with a gold-backed cryptocurrency, the token is pegged to a current gold […]

27 June, 2021
Bitcoin,Crypto Wallets

How long does Bitcoin take to send?

Bitcoin is king when it comes to cryptocurrencies. As the pioneer in the industry, it has maintained its position as number one in terms of market cap and daily traded volume. But have you ever wondered, how long does Bitcoin take to send? Or how long does a Bitcoin transaction take? Well, in this article […]

22 June, 2021
Crypto Mining,Mining

CPU vs GPU Mining at Home: Which is Better?

As cryptocurrency becomes mainstream, more and more people are getting involved in the crypto-world. This has also raised curiosity on how to mine cryptocurrencies and not just exchange and purchase them. As exciting as this sounds, crypto-mining is not easy to achieve, as it requires deep technical knowledge. If mining cryptos is something you are […]

15 June, 2021
Crypto Wallets,DogeCoin,Ethereum,Litecoin,Ripple

Best Ways for Coin Storage to Protect Your Cryptocurrency

As the price of Bitcoin and other cryptocurrencies continues to soar, news of people who have lost access to their crypto stash is always hitting the headlines. Recently, Stefan Thomas, a German-born crypto enthusiast, made news when he had only two attempts to his password for him to access his 7,002 Bitcoins worth millions of […]

9 June, 2021
Crypto Mining,Mining,Monero

How To Mine Monero (XMR) In 2021

In this how to mine Monero guide, we will provide you with the important information you need to know before you mine this cryptocurrency. We will also offer guidance on building your Monero mining rig and where you can sell your coins for a profit. What is Monero? Monero is an open-source digital currency that […]

6 June, 2021