Live Bitcoin Casinos with No Deposit Bonuses
Bitcoin live casinos have the acceptance of cryptocurrencies on their casino platform. These types of online casino platforms are different from the traditional ones. They accept the use of cryptocurrency on their platform and bring various other advantages to the mix, such as privacy features. With the help of this article we will give an overview of the best live casino accepting bitcoin as a mode of their transactions.
What is Live Bitcoin casinos?
Bitcoin live casino online is one platform that accepts various forms of cryptocurrencies, especially Bitcoin. These cryptocurrencies are used in gambling, and players can use them in all sorts of games.
The Bitcoin gambling platforms host various live casino games and other game options with various software providers. They also host live sports events at which individuals can bet on their favourite team.
Another big question that comes into the mix is whether the Bitcoin gambling platforms work for the users. Well, we are here to help the users find out. For starters, the workings of all these Bitcoin gambling platforms are the same, as they work on blockchain technology.
This ensures the public that all transactions made through Bitcoin are secure and transparent. Also, all transactions on the blockchain are recorded on the public ledger, making it difficult for hackers.
Further, to gamble on the Bitcoin gambling platform, individuals would have to create their own accounts, and the process for doing that is very similar to that for any other casino account. For starters, all users need to remember that this is a cryptocurrency casino; hence, they must have a Bitcoin wallet for all the transactions they are looking to make on the platform.
If individuals have yet to create a Bitcoin wallet, they cannot participate in casino activities since they cannot take their money in and out. The cryptocurrency wallet also offers individuals further privacy and convenience. Certain games on these platforms are best to use.
The live casino games for Bitcoin are just one type of game available on these platforms. There are various other game options, such as table games, which include roulette, poker, and various others. All of these Bitcoin gambling platforms use the blockchain to complete all of their transactions.
The blockchain helps users with unique methods that are provably fair. All individuals can gamble without any worry, knowing that the casino platform’s techniques are fair.
So, what all players need to know is that the outcomes that they witness on a casino platform while they are gambling are random, and the Bitcoin gambling platform has nothing to do with it. This means that every spin of the slot or card played in blackjack is played randomly, and the casino has no correlation to that.
However, this is not the case, as gambling has many advantages on Bitcoin gambling platforms, including anonymity and privacy features. Hence, it shows that for all the Bitcoin transactions on any platform, individuals do not have to give much information about how they do things, especially their private information.
In this case, the platforms offer anonymity, which traditional casino platforms do not offer. This privacy is attained through the process shared by the casino, in which users do not have to give much information to the platform and can gamble without sharing much about themselves.
The platforms also charge lower fees for individual transactions made by casino players than a traditional casino platform, where every transaction is more expensive. So, every transaction the players make is less expensive than transactions made through credit cards.
Another great advantage of the Bitcoin gambling platform is that various transactions take place on the casino platform. This means all the transactions that happen here use different bank methods, including debit cards, etc.
This cryptocurrency also creates a space of oneness where all individuals get together and use this one currency that is common globally. To use this currency, the users do not have to do anything; they can use it anywhere in the world. Players who may be from an area that does not condone gambling would be relieved when they hear of Bitcoin gambling.
So, the job of the top casino platforms is to attract more people to their platform, and they do numerous things to do that. They use various forms of bonuses and promotions, and many reasons for that are to help generate the users’ confidence. They also get attracted when they see platforms offering these kinds of bonuses to the users.
The bonuses can be of various kinds, such as welcome bonuses, free spins, cashback bonuses, reload bonuses, VIP and loyalty rewards, and many others. Using promotions on a casino platform is one way of making money and gambling comfortably. There are some challenges that come with these promotions; however, they are not as great.
So, it is not all sunshine and rainbows with this currency, as online casino users may face some difficulties and challenges. The most important thing to look at is the volatility issue. One thing that comes with cryptocurrency is that the price of the currency can change overnight, and then if it is not towards users’ advantage, they may face a loss.
Other things to focus on are the laws seen in the country and related to gambling. There are so many regions in the world that have strict regulations when it comes to gambling, especially over the years since crypto casino gambling has become a widespread phenomenon. Hence, the governments of these said legislations are coming up with ideas that make it hard to gamble with cryptocurrency as many people try to save their information from it, which helps prevent them from paying taxes.
The future of cryptocurrency casino platforms also looks good as they offer individuals things that are not available on traditional casino platforms. Even the process of setting up an account just to spend more money on it is pretty lengthy compared to traditional online casino platforms.
The Bitcoin gambling platforms work with the famous blockchain technology, which is highly secure and stable. There is no waiting for the transaction to occur, as users have to wait for a certain period when they make transactions via bank transfers.
Numerous changes have also been made to these decentralised casinos, and that is done solely to get rid of the central authority, which may provide users with a better time in the industry.
Pros and Cons of Live Bitcoin Casinos
The likelihood of one thing only having positive aspects is low. One thing’s positive aspects can weigh over another’s negative aspects; however, there are both sides of a story. So, in this instance, let us start with the pros.
- Improved security
- Lesser fee
- Ability to get more significant rewards
- Enhanced privacy
- Easy accessibility
- Quicker transactions
These pros come while gambling on the Bitcoin casino platform; now it is time to observe the cons.
- It is not available as much
- Volatility
- Chances of loss
- Addictive
- Less knowledge about this currency
- Regular uncertainty
Live Bitcoin casinos vs traditional casinos
We have already discussed a Bitcoin casino and how things work there. We have also discussed the positives and negatives of the casino platform, which pretty much explains how everything works on that platform. However, it is time to tell the reader what differentiates the Bitcoin casino from the plain old classic casino platforms.
Why should users use these casino platforms instead of traditional casino platforms? First, over the years, the number of Bitcoin casino platforms that have opened up is next to nothing, and this has also changed the gambling world for good. These new Bitcoin gambling platforms have emerged in a world where there are already casino platforms, and they have given these traditional casino platforms a run for their money.
As more people jump ships, we will highlight the differences and similarities between these different casino platforms. So, right off the bat, the first thing that sets the two online casino platforms apart is the payment methods they accept. The Bitcoin gambling platform accepts all the available cryptocurrencies and makes the user’s life easier.
Meanwhile, traditional platforms stick with fiat currency options like USD and GBP. The next thing between the two casino platforms is the speed of all the transactions. Now, it is essential as individuals are looking for things to be done quickly, and only some people want to process their transactions quickly.
The Bitcoin platforms offer a faster and streamlined process, and all withdrawals happen to take place in minutes. On the other hand, traditional platforms require quite sometime before the money is transferred to the user’s account, primarily through a bank transfer.
The Bitcoin gambling platform also offers individuals extra security and privacy, and the anonymous feature gives them room for increased anonymity. They can give out a little information to anyone when they are over there at the casino platform.
However, traditional platforms are different as they require the individual to share all of their private information with the casino platform, including card details, their name, and their house address.
All the transactions in a cryptocurrency casino come at a lower cost than those of traditional casinos, and that is for many reasons. A few of those reasons include the traditional casinos’ bank charges, service fees and currency conversion. However, there is no such thing as a Bitcoin gambling platform.
In terms of fairness to these games, the Bitcoin gambling platform offers individuals proof that all the games played on the platform are not altered and that the results are random. They provide a provably fair technique that shows fairness to the users.
This technique shows that every game played is random. In terms of legality issues, the casino platforms may vary from one destination to another. However, the laws for Bitcoin gambling are not as strict as those for normal casino gambling. Since this form of gambling can be done from anywhere via the internet, users can also use a VPN for this service.
While this is where the similarities come in, as the promotions and bonuses on the platform are similar, the money that comes from them is different.
Lastly, in conversation is the security of both of these platforms. Bitcoin technology has been improving over the years, and that is one of the reasons it has attracted a lot of people. These security features also safeguard the individual’s cryptocurrency wallet from hacking or phishing.
Hence, both casino platforms have risks and rewards, and ultimately, it comes down to personal preference as to which the users should opt for.
How to choose the best live bitcoin casino
When choosing the best Bitcoin gambling platforms, certain things need to be considered; hence, we are here to help and advise our readers. The first thing that should come to an individual’s mind when doing this research is the casino platforms’ regulation and licensing.
It significantly determines where the platform has been licensed since it shows the entire company’s background and history. Reputation is another crucial factor that individuals should look for, as a platform already well-reputed in the industry would be like that for specific reasons, which means that these platforms have a name in the industry.
Many casino websites provide reviews and detailed analyses of these platforms, and their goal is to determine whether a platform is legitimate or not. Hence, the games available on these platforms depend on the individual. Since these platforms consist of some of the top game choices, they include tabletop games, slots, and live dealer game options.
Apart from all of that, individuals should also focus on the techniques that platforms use. Bitcoin platforms use provably fair gaming methods, which showcases the fairness of these games. All the outcomes that happen in a casino game are done on a random basis.
Yet another important and crucial factor in making this decision is the speed of transactions and the kind of payment methods the platforms accept. Even though it is a cryptocurrency casino platform, it might only be open to accepting certain forms of cryptocurrency.
Lastly, it is the security feature of the individuals. When people gamble, their security and privacy are at stake. Hence, individuals should opt for platforms that take this seriously and impose things like SSL encryption.
How to make a deposit with Bitcoin
When making a deposit on the Bitcoin gambling platform, users need to follow several steps, and the process will be quite simple if they do that.
Steps of deposit Live Bitcoin Casino
- Log into your BTC casino account: All users must log in to their accounts because without accessing their accounts, it is not possible to make any transactions that include money.
- Click Deposit on casino menu: After accessing their Bitcoin gambling account, users can navigate to the deposit section in their casino platform. From there, they can proceed to deposit the money into their wallets.
- Copy the casino’s BTC wallet address: The next step in processing cryptocurrency onto the Bitcoin gambling platform will be copying the wallet address from the casino platform and then pasting it onto their wallet.
- Switch to your crypto exchange: After that, individuals can exchange the form of cryptocurrency that they want to choose and then move forward with it.
- Return to your casino account to confirm the transaction: After all the above steps have been done, individuals can proceed, confirm all the transactions, and get ready to participate on the casino platform.
Is there any transaction fee for Bitcoin transfer?
Yes, there is a fee associated with all Bitcoin transactions, and that fee is paid to all the miners responsible for making these transactions possible. The exact fee figure can depend on certain factors, mainly the transaction size.
In many cases, the transactions that we can look out for are extensive, and hence, the cost that may come upon them may be high. At times, there can be network congestion; thus, it inherently raises the prices. Although there is a way to make transactions quicker, that is by paying more.
List of Bonuses
Many bonuses are available for users to use on these Bitcoin gambling platforms. However, we are only going to look at the ones that are popular in the industry.
- Welcome bonus: We start with the most famous and most excellent of the lot: a welcome bonus. It is the unique selling point of the casinos, and it helps attract a lot more people to the platform.
- Free spins: In many cases, they may be part of the welcome bonus and can be used in slots.
- Reload bonus: This is like a welcome bonus for users who are already on the casino platform.
- High roller Bonus: This bonus is made for heavy spenders.
- Cashback Bonus: This bonus is a lifeline. When users lose an X amount of money over time, the casino gives them a percentage back.
FAQs
Why are Bitcoin live casinos popular?
These casino platforms are popular for various reasons, including privacy, anonymity, lower transaction fees, and faster transaction features.
What are the advantages of Live Bitcoin casinos?
The advantages of these live Bitcoin casino platforms are that they offer players privacy, low fees on their transactions, and quicker transactions.
How do I withdraw from live Bitcoin casino?
To withdraw money from these casino platforms, users have to head over to the withdrawal section and then enter their wallet address and the amount of money that they want to withdraw.