Tag Archives: bitcoin

How do Crypto Casinos Work?

Crypto CasinosBy Jonathon Roob.


The potential of digital currency globally has evolved tremendously over the past decade, with gambling joining the bandwagon not too long ago. Online casinos have added cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Dogecoin, just to mention a few. Gamblers looking for an anonymous betting experience now have access to the best bitcoin gambling websites at the touch of a button.

A crypto casino is an online casino that accepts cryptocurrencies as a payment method for both deposits and withdrawals. These casinos have become quite popular since withdrawals are fast, players remain anonymous, and they can play bitcoin slots with ease.

Crypto Casinos Explained

A digital public ledger, also known as the Blockchain, records all the transactions carried out using cryptocurrencies. This ledger is shared across a network of many computers, bringing in the definition of decentralisation. By doing so, it becomes almost impossible to manipulate this kind of system. Any transaction that appears in a single copy of the ledger is easy to recognize and flag.

How Do Crypto Casinos Work?

Bitcoin gambling websites operate much the same way as traditional online or conventional casinos do – see more . Their major difference is how they transfer or cash out crypto following successful or unsuccessful bets. The gambler will follow these steps before they start gambling on a crypto casino:

1.     Create Your Crypto Wallet

Crypto wallets are secure locations where cryptocurrency assets can be stored and retrieved. These wallets will assign your account a digital address, and come in 4 types; Mobile, Desktop, Web, and hardware versions.

Most mobile wallets have camera features that allow users to scan QR codes. This eliminates the need to copy or write down bitcoin addresses. Wallet applications for smartphones are much safer because the chances of having a virus or keylogger on your phone is much lower than on your computer.

2.     Buy Cryptocurrency

Once you have your wallet, log in and buy crypto using the traditional payment methods. You can buy and sell cryptocurrencies on the foreign exchange and their value fluctuates just like normal currency.

Using cryptocurrencies eliminates the need for a bank to send money. You can send crypto, for instance, from your crypto wallet to the wallet of another individual or company.

3.     Picking a Crypto Casino

The player must ensure that the gambling site is licensed to ensure security of gambling funds. This can be verified at the bottom of the web page. The withdrawal process of the winning made by the player should be seamless. Most crypto casinos also use bonuses to attract first time players which are usually given upon registration. Positive reviews on particular trustworthy sites is also a good indicator of a legitimate gambling website.

4.     Deposit Funds and Play

Once the player’s account is funded with the cryptocurrency of choice, they will proceed to transfer the wager amount to the casino’s wallet. This figure will be displayed in USD/GBP/EUR depending on the crypto operator. Pick a game and play using the guidelines provided, choosing a suitable wager level.

5.     Withdrawing Winnings

When the player clicks ‘withdraw’, he will be prompted to enter his wallet address. All legitimate websites will ensure the funds comply with all regulations including Anti-Money laundering policies and all audit requirements.


As a note of caution, don’t let yourself get carried away while gambling online. Set your limits before you start your gambling session. Ensure you do in-depth research before getting involved in crypto gambling. While it is not significantly different from traditional gambling, there are a few differences. Understanding them will make it easier to master crypto gambling.

IMAGE CREDIT: istockphoto.com


Features of the Newest Bitcoin Casinos

By Edward Ackins.

The online gambling market is regularly updated with the newest bitcoin casinos, and some of them are ready to give odds to eminent competitors. However, registering on a new site isn’t only a way to check how different the sites are from their “predecessors”, but also an opportunity to get new emotions and impressions. Moreover, experienced gamblers have noticed that in the first days after the opening of a new gambling site are more generous, which allows players to have a good time playing and finish the gaming session with a good plus on your account.

Bitcoin Casinos

In the beginning, one of the most important for managers of the newest bitcoin casino is the creation of a client base. This feature is beneficial for players because such gambling sites provide attractive offers. Generous bonuses, convenient rules for making a deposit or withdrawal, high maximum limits, regular updating of the collection of slots, and other “goodies” increase the loyalty of the audience. But you have to look out, promises are not always true. You can understand, is a newly discovered site suitable for the game, by paying attention to important features.

Distinctive features of the newest Bitcoin casinos

The main distinguishing features of bitcoin’s newest online casinos are as follows:

Anonymous game. If the site uses a blockchain system, the degree of anonymity increases. The inability to track user transfers makes it possible to play without providing information about bank accounts.

High protection. Of course, various security measures are also used in usual gambling sites. But the degree of protection of the newest bitcoin casinos is much higher.

Absence of verification. Most crypto projects don’t require mandatory verification of identity. Through registration on the site, the user specifies a minimum of information: e-mail, password, and currency of the game account.

Restriction of cryptocurrencies. Some of the new casinos accept only digital currency for deposits and withdrawals. This means that players need to create bitcoin wallets and learn how to use them.

Another distinctive feature of the newest bitcoin casinos is the ability to participate in crowdfunding. The bottom line is that clients invest money in the development of the project and receive additional profit. For managers of new gambling sites, crowdfunding allows raising the necessary funds by attracting investors who want to get access to the project. As a rule, a crowdfunding project sets the end date for the investment. The founder of the casino also indicates the amount that is necessary to raise during this time. The principle of crowdfunding is the transparency of all cash flows, and investments can be both in crypto and in fiat currencies. The investors (players) must understand where and in which amount his money was invested. In return, he/she receives either a part of the future profits of the enterprise or funds deposited into his account in the newly created bitcoin casino.

Bonuses at the newest Bitcoin casinos

New and fresh bonuses will help you to get an additional advantage in the game and increase the chances of a big win, as they add coins to the total amount of the bankroll. In new bitcoin casinos, you will always receive generous rewards and sometimes get VIP status. No deposit or deposit bonuses, cashback – all these are additional funds that extend the gaming session and at the same time add opportunities for solid winnings. Also, in the list of casino rewards, exclusive offers are indicated that players can use within a certain period after the opening of the casino (for example, within two months).

The newest Bitcoin games

In addition to bonuses in the newest bitcoin casinos, you will find new games, including new versions of Blackjack, with new graphics and interface. Online gambling software manufacturers regularly release new games. Yes, of course, they also appear in the “old” casinos, but not so fast and without special promotions. Managers of existing sites are well aware that loyal customers want to see what they are used to, and they are afraid to change something to not get into the situation: “It used to be better”. New bitcoin casinos don’t have such barriers, therefore, on the contrary, they try to promote the newest games.


The best newest Bitcoin casinos

But there is also the other side of the coin. Playing for money in a new casino is associated with a high risk for gamblers to lose their funds, so you need to carefully check the site before making your first deposit. Many factors have to be considered:

  • License;
  • Qualification of the support service;
  • Available payment systems;
  • The total number of games and their variety;
  • Minimum deposit amount;
  • Other factors.

With the current trend and the number of companies competing in this field, it can be almost impossible to track and evaluate all new releases, since they occur almost every month. Therefore, we decided to help you, here is the list of the top five newest bitcoin casinos in 2022:

Bitcoin casino brand

Bonuses at newest bitcoin casino


15% CashBack at all deposits

Bitcoin.com games

Match bonus up to 100% + 100 FS1)FS = Free Spin

Katsu bet

300% on first deposit + 30 FS

Influence of Blackjack

Given the specifics of our site, we couldn’t ignore Blackjack, which is not only a part of any bitcoin casino but also has a direct impact on this part of the gambling industry. Thanks to the popularity earned in Hollywood, Blackjack began to actively take root in the culture around the world, and in some sense, it repeated the path of poker. Due to the growing popularity, the creators of the newest bitcoin casinos were forced to react. Earlier, there were only two main games that were the permanent headliners of the casino (poker and slots), now a third one has been added to them – Blackjack. In the new Bitcoin casinos, you will find this old game in a new guise, with new graphics, the ability to play with a live dealer, and, of course, generous rewards.




1FS = Free Spin

Crypto Casinos! The future of gambling?

Bitcoin and GamblingBy Armen Fljyan.

Consider this… you are playing at an online casino and value your privacy. The means of payment you are using do not ask for any personal information and they will not even bother to trace your transactions.

At the end of the game, all your winnings are sent instantly to your crypto account, and the government doesn’t have a say in any of these activities. Welcome to the world of crypto casinos.1)Of course, governments are trying to find ways to regulate cryptocurrencies to prevent such things as money laundering and tax avoidance.   In the USA, crypto is an asset class and is generally taxed as property by the IRS. Gambling has taken a turn for the better with the advent of cryptocurrencies. But not all gambling sites are good enough to be used. Be sure to check what sites you can use in the BTC Manager’s article

Cryptocurrencies are an anonymous2)Actually, cryptocurrencies are pseudonymous rather than anonymous. According to the bitcoin site, bitcoin transactions are stored publicly and permanently on the network, which means anyone can see the balance and transactions of any bitcoin address. However, the identity of the user behind an address remains unknown until information is revealed during a purchase or in other circumstances. form of digital payments that have been designed to make decentralized payments on the internet. They are relatively stable and can be used as a means of storing value at online casinos.

Modern cryptocurrencies are the most promising form of payment, and they are likely to be the future for online gambling. They make it easier to make and receive payments, and since there are no regulations from government bodies, there are no background checks required for the online casino players.

This is important for the players who are all about playing big and require to make massive deposits and payments on the online casinos. When they use cryptocurrencies, they can transact as much money as they want, and there will be no limits or barriers in their way.

More enormous amounts make crypto casinos more attractive to big players who need to make massive deposits into their accounts. These payments are not traced or tracked and are entirely confidential and secure.

Fewer Limits

With the traditional bank payments, players had to wait for an extended period before their money could be deposited into their accounts. This was usually associated with many background checks and verification that used to take time and were usually very annoying for the players.

However, the advent of crypto payments means that these checks are already out of the way. As such, making payments is instant, and the players get to have a less stressful experience whenever they need to start playing online casino games.

With fewer limits, crypto is quickly becoming the choice mode of payment for online casino players and the best way to make deposits on various games on the internet. As a player, your personal information does not get shared with any third party, and you are not charged anything for your digital payment to be processed.

Fewer transaction costs are also becoming one of the main reasons many casino players switch to digital payments for all their online activities. They get to save money, and as such, they have more to play with at the various games available at the online casinos.


Cryptocurrency has been a rapidly growing mode of digital payment that is wholly anonymized and decentralized.

The government does not control it, and casinos see it as one of the best chances to make it big on the internet. Players get to make payments more conveniently with crypto, and they can deposit amounts as enormous as they want.

As a means of payment, it holds vast promise for the future, and casino players get to enjoy the various benefits that it provides them. The trend is expected to gain traction as the crypto ecosystem stabilizes and continues to grow, and casinos will also start to adopt crypto payments on a larger scale.

Image credit: Quoteinspector.com



1Of course, governments are trying to find ways to regulate cryptocurrencies to prevent such things as money laundering and tax avoidance.   In the USA, crypto is an asset class and is generally taxed as property by the IRS.
2Actually, cryptocurrencies are pseudonymous rather than anonymous. According to the bitcoin site, bitcoin transactions are stored publicly and permanently on the network, which means anyone can see the balance and transactions of any bitcoin address. However, the identity of the user behind an address remains unknown until information is revealed during a purchase or in other circumstances.

The Future of Crypto and Online Casinos

By Joshua Maddox

It has been said before and it will continue to be said, but the future is online. Everything has moved online these days. You can get medical consultations online, you can buy furniture and preview it in your room online, did you know you can even do your grocery shopping online now? The future is online, the future is now. So, today we’re going to be talking about the future of casinos and also technically the future of currency.

Over the last few years online casinos have become more readily available and the variety of online casinos from different companies has also grown drastically, but why would you need so many different options? Well one reason would be the currency you choose to use. If you asked me, I’d say we would be a cashless society within the next 20 or so years, everyone just uses their cards or android pay or whatever to pay for stuff now anyway, plus with cash being a primary spreader of Covid-19 during the pandemic, it kind of makes sense to me.1)There is no evidence that cash was a big spreader of Covid-19.  However, it is always a good idea to wash your hands after handling cash due to the build up of germs and bacteria on cash.  W.H.O.

Virtual Casinos
Virtual casinos have been adding more and more games to their platforms over recent years. There really is something for everybody.

Now going cashless doesn’t necessarily affect your ability to use online casinos, which would have us returning to the original question of why would you need so many different options? Well, another part of becoming a cashless society would be the use of Cryptocurrencies, as many of you may already be aware, cryptocurrency has been a growing (and shrinking) part of online trading for a big part of the last decade, seeing explosive growth in the last few years as more people develop distrust for their governments, and trading services and goods for crypto has also become more common alongside that. With places like youwager sportsbook and even Tesla now accepting cryptocurrencies from BitCoin to altcoins like Ethereum in exchange for betting stakes or, you know, cars in the case of Tesla.

But why would you accept Cryptocurrency if you were a Casino or like I mentioned above, a company like Tesla? Well, if we look back to February 2021, Tesla announced they had invested a huge amount of money ($1.5BILLION to be exact) into Bitcoin. On the 8th February, the day it was announced, bitcoin had a value of somewhere in the region of $38k per whole Bitcoin, assuming Tesla had purchased their Bitcoin a considerable amount of time before their announcement, they’ll have already made a bit of a profit, however within 24 hours of their announcement, a lot of people jumped on the bandwagon and the value of Bitcoin rose to $48k, then within the next two weeks that value rose again to $58k per Bitcoin. Tesla made over $1billion from their investment into Bitcoin.

Where am I going with this? Valid question. It’s no secret that Bitcoin, along with gold before it, is a volatile asset. Yes there is money to be made here, if you buy at the right time and sell at the right time, but you can also lose out. There’s a huge risk here. So if it’s that risky, why take that risk? Simple. It’s a gamble by the house. Let’s look at it this way. You’re sitting around the online roulette table. You’re having a good time, you’ve had some luck but you’ve also had some losses, swings and roundabouts. For your wins, you put 0.1 Ethereum on black and get 0.1 Ethereum back. Sweet! That Ethereum is currently worth $412.22, but in an hour it might be worth $300. So the casino hasn’t necessarily lost out as much in the long run.

Bitcoin Chart
Investing in Cryptocurrency is a just another gamble along the way. Are you lucky enough for it to pay off big?

However, what if you bet 0.1 Ethereum at $412.22 on Black then Red comes up, you lose your 0.1 Ethereum, sad times. This is where the house is taking their gamble, like I said that Ethereum could be worth $300 in an hours time, but what if, on the other side of the coin, that value goes up to $550? The casino is playing their own game by accepting cryptocurrency and they’re hoping their gambles pay off. Not only that, but it’s a pretty safe assumption to me that knowing a casino accepts cryptocurrency is a huge draw to a lot of people on the internet who don’t trust banks with their cash so they hold it all in volatile assets instead.

In my opinion, Cryptocurrency is the future, whether we’re living that future now is another question, but every day it seems new and more crazy cryptocurrencies are becoming readily available on trading platforms like $Doge and $Shib, more mainstream platforms have recently added these and they’re only adding a wider variation. What are your thoughts on this subject? Are you into online Casinos or do you prefer the physical experience, same for Cryptocurrency, have you got involved yet? Made any big trades? Let us know!



1There is no evidence that cash was a big spreader of Covid-19.  However, it is always a good idea to wash your hands after handling cash due to the build up of germs and bacteria on cash.  W.H.O.

Everything you need to know about Bitcoin gambling

This page sponsored by Paddypower.com

Everything you need to know about Bitcoin gambling

The bitcoin is currently the most popular cryptocurrency used around the world.  People are able to earn bitcoins in competitions where users offer their computing power to verify and record bitcoin transactions into the blockchain. This is also known as miners. Successful miners are rewarded with transaction fees and newly created bitcoins. Like most currencies, bitcoins can be exchanged for other currencies. Over 100,000 merchants and vendors now accept bitcoin as payment, including betting sites. It is predicted that gambling represents between 50-60% of all Bitcoin transactions.

Bitcoin gambling comes in various forms, ranging from casino games with live dealers to sports betting sites. These are the most popular forms of bitcoin gambling that are currently available. Much like regular betting, users are able to place bets but use the bitcoin currency instead of pounds or dollars. These bitcoin gambling sites also offer promotions like regular bookmakers such as deposit bonuses for new and existing members.


Certain bitcoin sites provide proof that they are operating a legitimate bitcoin gambling site by providing evidence for provably fair games. By providing evidence that they are provably fair, it shows that the odds are not overwhelmingly stacked against the players. These sites are highly recommended for bitcoin gamblers. Sites that don’t provide this evidence tend to be avoided as there is the risk that your winnings might be taken by the operator rather than paid out. Bitcoins are unable to be refunded so if your operator steals it, you won’t see it again.

Like the majority of gambling sites, users of bitcoin gambling sites are offered the same or similar ‘services’. Casino games are currently bet on the most by bitcoin gamblers, with multiple sites being solely dedicated to casino games. Bitcoin gamblers can also bet on poker and blackjack games, dice games, and sport games. There are even some sites that allow users to Forex trade using bitcoin. Bitcoin Binary Options gambling has recently become very popular among Bitcoin gamblers. Its simplicity and fast, easy nature of buying and contracts and trading makes it a popular choice for gamblers.

As bitcoin is a ‘virtual currency’, bitcoin gambling is not limited to the typical games that you would find in a casino. You can expect to find alternative methods of gambling such as predictions, races, wheel of fortune, challenge, flip coins, and chain games on specific bitcoin gambling websites. Although bitcoin gambling may be similar to ‘regular’ gambling in some aspects, there are also other aspects which make it different. As mentioned earlier, bitcoin gamblers tend to have a wider range of games to play. Alternative games such as wheel of fortune and chain games are usually not available on other gambling sites, whereas they are available on bitcoin gambling sites. Players are also able to receive their winnings in seconds and avoid any transaction fees.

Overall, it seems that bitcoin gambling on a whole is a positive section of the gambling community. The wide range of games to play and bets to place make it an attractive option for any gambling enthusiast, especially those that like to receive their winnings almost instantly and avoid transaction fees. Although anonymous operators can be intimidating for newcomers to bitcoin gambling and a potential risk, there are plenty of legitimate sites out there. Despite this risk, the pros far outweigh the cons and it looks like bitcoin gambling will be a legitimate ‘section’ of the gambling community for the foreseeable future.


For more information on Bitcoin check out the following sites: