With the COVID-19 pandemic accelerating the digital transformation of the gaming industry, cryptocurrencies are becoming more prominent in live online casinos. Today, if you understand the principles of cryptocurrencies and how to use them in live online casinos, you are ready to learn the specifics. The term “bitcoin live casino” is an informal adjective to define any live online casino that either recognises bitcoin as a valid method for making deposits or wholly accepts one or more cryptocurrencies as a suitable payment option. Depending on the online casino, they commonly pay out your winnings in cryptocurrency as well.
Since cryptocurrencies are used by bitcoin live casino sites as their in-game money, they don’t have to worry about unauthorized parties collecting private data like bank account and credit card details. This is also the reason why people who live in countries with harsh governments and restrictive gambling laws find crypto casino sites to be so appealing. Government officials cannot monitor cryptocurrency gambling since it is entirely controlled by smart contracts and blockchain technology.
WHAT IS A BITCOIN LIVE CASINO?
So, what’s exactly a bitcoin live casino? Simply put, these are casinos where customers may choose to deposit and/or withdraw money using cryptocurrency. In this scenario, players fund the games they want to play at the casino of their choosing using bitcoins.
Digital currencies are among the safest forms of gaming, offering consumers privacy and complete control among other things. Several online casinos follow the same policies and guidelines as land-based casinos. The only significant distinction is that a gambler may play their favorite casino games using bitcoins at bitcoin live casinos and then use those winnings to purchase more bitcoins. Numerous factors make bitcoin casinos popular, including:
The majority of them provide no transaction costs,
everyday unlimited free transactions,
In most cases, there is no requirement for verification.
immediate payments,
The identity and money of gamers are protected.
Casinos provide more than gambling as they also focus on enjoyment. And this is what gamblers at bitcoin live casinos get. Both the games and the ambience are fantastic. For example, online casino games with live dealers. These online casino games have a live dealer that engages with the players and offers a more social and immersive experience.
Live dealer games are available in a wide variety, including Blackjack, Roulette, Baccarat, and more. These games are arguably the most popular live casino games ever.
HOW DO BITCOIN LIVE CASINOS WORK?
Cryptocurrencies seem to have made a spectacular breakthrough into the online gaming sector as they continue to garner attention and appeal on a worldwide scale. Crypto gaming has been around for about ten years, so it isn’t a new concept. More than ever, more gaming facilities are offering a variety of alluring possibilities as they have accepted cryptocurrencies as one of their payment options.
Now that you know about cryptocurrencies and the bitcoin live casinos that appear to be popping up more often, it’s time to learn how they operate. It could be a little difficult for new players to comprehend how cryptocurrency casinos work or how to place bets using digital currency. This, however, shouldn’t be the case. The operation of bitcoin live casinos is significantly easier to understand.
Numerous cryptocurrency-based online casinos run similarly to their traditional competitors. The process of transferring or “cashing out” cryptocurrency after a winning or losing wager is the only significant distinction here. An “in-house wallet” is what cryptocurrency online casinos give new players who want to try their luck here so they may move their bitcoins. When it comes to enabling games, the casino takes bets according to the user’s saved cash. Users frequently make an initial “wager” in this scenario out of their wallets and depending on how well they do in the game, they might either win or lose money on that wager.
To deposit with bitcoin:
Create an account on a bitcoin live casino site.
Open the Deposit area of your chosen gaming site.
Select bitcoin, and then copy your unique bitcoin wallet address or scan the QR code.
Enter the copied unique bitcoin wallet address into your personal bitcoin wallet as the receiving address, the amount to deposit, and the miner’s fee, then send once confirmed.
Your online gambling site’s bitcoin wallet will receive the deposit.
Consider these live dealer games before you start trying your luck at a bitcoin live casino:
Live Roulette
Live Blackjack
Live Baccarat
And for the most exciting part, here’s how to withdraw your winnings from your bitcoin wallet:
Open the Withdrawal area of your chosen gaming site.
Select bitcoin; you will be asked to provide an external bitcoin wallet address (this is your personal bitcoin wallet).
Find your external wallet address displayed in your personal bitcoin wallet, and copy this address.
Enter the external wallet address, and the amount you wish to withdraw, then click Continue.
A confirmation screen will show all the details of your withdrawal, including any withdrawal fees; if you are satisfied, click Confirm.
A verification message will be sent to your online gambling account’s security type; enter the verification code and then click Confirm.
One last confirmation message will notify you that the withdrawal is complete and being processed.
ARE BITCOIN LIVE CASINOS SAFE AND FAIR?
When selecting a bitcoin live casino to play at, security and fairness are key factors to consider. If a game’s outcome can happen independently, it is said to be provably fair. All wagers are placed on the public blockchain, making it impossible for operators to lie. Safe and secure gaming is available at bitcoin casinos that use provably fair software. This technology’s core is the use of cryptographic hashing methods to produce random numbers, which then determine the results of online casino games like blackjack and jackpot slots.
The player can always confirm that these figures are random. As a result, participants are free to employ internal verification tools without the need for third parties, as it is impossible to cheat the system without being caught. Provably fair gaming has important ramifications for both operators wishing to safeguard their economic interests with total transparency and players seeking a reliable and fraud-free experience.
Speaking of safety and fairness, new players are unsure of whether an online casino is licensed or not. Fly-by-night casinos can pose significant issues for customers since they leave them with no recourse and, in certain situations, cause them to lose all of their earnings if the casino is not licensed and regulated.
Casinos operating without a license are not subject to oversight or accountability. If they decide not to pay out, they are free to deny your withdrawal without providing any justification.
Therefore, before making any deposits, gamblers must thoroughly investigate the casinos. Most of the time, trustworthy operators will give players all the details they want about the casino, including:
Provision of a license
Several banking choices
Typical withdrawal periods
Limits on the smallest and largest deposits and withdrawals, etc.
WHAT ARE THE ADVANTAGES OF USING BITCOIN AT A LIVE DEALER CASINO?
The first advantage of using bitcoin in a live dealer casino is its privacy for both players and casino owners. Both personal and financial information is off-limits for third-party access. Also, the hassle of standard credit cards such as chargebacks is non-existent in crypto gambling.
Many places in the world have yet to legalise online gambling.
Accordingly, some banks do not process transactions to and from online casino sites, causing players to look for other payment methods. With this dilemma, crypto gambling is the best option. Players don’t need the approval of any third-party banks or credit cards to do financial transactions in crypto casino gaming.
One more benefit that players should consider is that all financial transactions in cryptocurrency gaming are instant.
Most traditional payment processors only offer real-time deposits, but withdrawals will take as long as three days. However, in cryptocurrencies, players can instantly withdraw their winnings anytime they want. They can also send money to the online casino’s crypto address, transferring the amount immediately after confirmation.
Moreover, using crypto as your primary deposit/withdrawal currency is inexpensive because you need not pay any bank fees. Besides, players do not have to reveal their identities online. Transactions are 100% anonymous, which is another plus for cryptocurrencies in online casino gaming.
Additionally, a bitcoin bonus at a bitcoin live casino is preferable to a traditional online casino. Even casinos that accept both bitcoins and conventional currency favor using bitcoins. The amount a player receives is determined by how much they wager, and this sum increases over time.
HOW DO I GET STARTED PLAYING AT A BITCOIN LIVE CASINO?
And now that you know the basics, let’s teach you how to start betting with bitcoin at a live casino. Follow these simple steps below:
Open a Cryptocurrency wallet – You must do this as soon as possible if you want to play casino games using cryptocurrency. You may skip this if you already have a wallet, which may be the case for many of you. You can select from any of the dozens of digital wallets that are now available if you are completely new to this. To get a digital address associated with your account, simply register for one. DO NOT LOSE THIS NUMBER.
Buy Some Coins – Of course, you must have some coins to deposit and play in cryptocurrency. Once you’ve created a cryptocurrency wallet, you may log in and purchase coins with conventional money, just like you would with any other online purchase. Simply choose the currency you want to buy (Bitcoin is still the most popular) and the amount you want to spend, and you will have a funded account in a matter of seconds.
Choose a Website to Play On – It’s time to spend your cash now that you are fully prepared to go. You may choose a website on your own, or you can read many more reviews of websites that let you bet bitcoin. Finding a website that provides the games you want to play—casinos, sports, poker, bingo, etc.—should be your top priority. Whatever decision you make, you always can leave and visit another website if you so want.
Pick a Game – Find a game you wish to play in the lobby, choose a table, and decide on the stakes. From there, playing using USD or other fiat currency is exactly the same as doing so. Always study the game’s regulations carefully because some include modifications that might impact your chances of winning.
Mind the Value – Finally, you should be aware of the conversion rate to your local currency when you gamble with cryptocurrencies. When you play with bitcoin or another digital money, it may appear as though you are placing fractional bets, but you may be placing bets at much greater amounts than you think. Being aware of the value of each wager is a smart place to start when managing your bankroll in cryptocurrencies since we don’t want players to fall behind too soon.
LIVE DEALER BITCOIN CASINO PROMOTIONS
Live casino bonuses are incentives designed specifically for players that favor live dealer games. They do not occur as frequently as welcome bonuses, therefore, if you want to discover them, you would need to look harder.
The following are some of the most common bitcoin live dealer promotions:
Reload bonuses
They function similarly to sign-up bonuses in that you receive them following the deposits you make. Reload bonuses may be used on a weekly or monthly basis, unlike welcome bonuses, which can be used throughout one or more initial deposits.
Cashback bonuses
This is one of the most popular types of bitcoin live casino bonuses. It is occasionally available for live casino players in place of the customary deposit-based welcome bonus. With a cashback incentive, you may make up to a set amount of your losses, whether you claim it when you sign up or as a current player. Usually, it is a percentage of your loss up to about $100, between 10% and 25%.
Rewards
Online live casinos run a variety of promotions where you have to do particular activities to get rewards. Alternatively, you might participate in a campaign like the one offered by 888 Casino, where you may play Live Casino Roulette for a chance to earn an additional $8 bonus. When the winning number is 8, you get the reward. Depending on the offer you sign up for, you may receive these benefits in the form of a bonus or actual cash.
Tournaments
Live casinos occasionally hold tournaments where you may compete against other players to rank on the leaderboard and win a portion of the prize pool for games like Live Blackjack. Once again, the prize you win may come in the form of cash or a bonus.
Quick tip, your bankroll may increase thanks to bitcoin live casino bonuses, allowing you to play your favorite games for longer.
The more time you spend playing, the more chances you’ll have to win, not to mention all the thrill you’ll feel along the way. Whether you take advantage of a welcome bonus or any of the promotions designed specifically for live casino players, you will surely have fun. However, be careful to only accept offers with fair terms and conditions since you don’t want to take a huge financial risk to convert free money into real money.
HOW DO I MAKE A DEPOSIT OR WITHDRAWAL USING BITCOIN AT A LIVE DEALER CASINO?
To deposit with bitcoin:
Create an account on a bitcoin live casino site.
Open the Deposit area of your chosen gaming site.
Select bitcoin, and then copy your unique bitcoin wallet address or scan the QR code.
Enter the copied unique bitcoin wallet address into your personal bitcoin wallet as the receiving address, the amount to deposit, and the miner’s fee, then send once confirmed.
Your online gambling site’s bitcoin wallet will receive the deposit.
Want to know more what exactly are crypto wallets and how do they work? Click on the link.
To withdraw with bitcoin:
Open the Withdrawal area of your chosen gaming site.
Select bitcoin; you will be asked to provide an external bitcoin wallet address (this is your personal bitcoin wallet).
Find your external wallet address displayed in your personal bitcoin wallet, and copy this address.
Enter the external wallet address, and the amount you wish to withdraw, then click Continue.
A confirmation screen will show all the details of your withdrawal, including any withdrawal fees; if you are satisfied, click Confirm.
A verification message will be sent to your online gambling account’s security type; enter the verification code and then click Confirm.
One last confirmation message will notify you that the withdrawal is complete and being processed.
A quick piece of advice for managing your bitcoins safely is to regularly back up your entire bitcoin wallet. A history of consistent backups may be the only method to restore the money in the digital wallet in the event of a computer failure. Ensure that you back up all of the wallet data files, and then keep the backup in several secure places (like on a USB, on the hard drive, and CDs). Additionally, give the backup a strong password.
HOW DO I CHOOSE THE BEST BITCOIN LIVE CASINO FOR ME?
The following are the key considerations to make while picking a bitcoin live casino:
Reputation is Important
The reputation of a bitcoin casino is essentially everything when selecting one. Since it’s so simple to research a casino’s reputation, reputable operators go to great lengths to earn their patrons’ highest praise. They also make an effort to address criticism right away. In addition, trustworthy bitcoin casinos safeguard the information of their customers.
What types of games are you interested in? Do you prefer playing casino games or sports? The variety of games varies for each website. Due to its ability to simulate a real casino setting, live dealer gambling has also grown popular. For various table games, there are bitcoin casinos that provide this choice. Before you register on a casino website, take some time to explore the available games.
Software
Your experience at a casino goes by the gaming software that is there. It is insufficient to have a platform that runs easily and has a beautiful design. It is essential to make sure that the games you play are simple to understand and provide a smooth experience since you will spend time and money on the platform.
Fair Games
Players may enjoy a transparent and verifiably fair gaming experience at casinos that provide “provably fair” games. Of course, no one wants to participate in a game that may be a cheat, so this is something to watch out for. Provably fair systems give participants a way to verify the objectivity of the games they play. In other words, players may check the outcome of every single wager, which eliminates the chance that the casino operators would cheat them.
Bonuses and VIP benefits
Bonuses and VIP benefits are excellent ways to get free access to your favorite games. Even though every casino gives incentives to new customers, it might be beneficial to look for establishments that also provide ongoing deals to loyal players. After all, you’ll eventually stop being a new user.
Customer Service
Even though bitcoin casinos are typically secure and dependable, problems might occur for largely the same reasons that they do with any casino or other business. You’ll probably need to get in touch with customer service at some point throughout your gaming experience. Before registering, we strongly advise examining a casino’s customer support.
If you choose the correct casino, betting with bitcoin and other cryptocurrencies may be a fantastic experience. No matter what choices you have, the six tips above will help you locate a fantastic casino. Keep in mind that making a wise selection requires knowledge.
WHAT IS THE EXPERIENCE OF PLAYING AT A BITCOIN LIVE CASINO LIKE COMPARED TO A TRADITIONAL ONLINE CASINO?
Understandably, many gamblers are using online gambling sites given the present state of technological breakthroughs. There are several platforms where you may try your luck nowadays. However, many online gamblers are still not fully knowledgeable about bitcoin live casinos and how they operate, so they are not aware of all the benefits they may receive.
Here are some advantages of bitcoin live casinos vs traditional online casinos:
Safety and Security First
Fortunately, safety and security are priorities at bitcoin live casinos. Because player information is secure, you only need to enter it once to deposit to the specified location. In comparison to traditional online casinos, the market’s top bitcoin casino is far safer and more secure, and this applies to both playing and making deposits.
If you have experience playing at a traditional online casino, you are already aware of some of the strategies they employ to draw customers. These ploys include the use of vibrant visuals, large jackpots, and cryptic bonus offers. These guarantees, however, are false promises, and many gamblers suffer losses. What occurs is that the majority of online casinos hide information from players while also keeping a sizable portion of their earnings. This is how the majority of land-based casinos prey on unwary online players.
However, since bitcoin live casinos are so open, it is difficult to hide any information from the players. They offer an easy-to-use online gaming platform, so gamers can quickly identify any developments. All odds are honest and clear, so players won’t encounter any fraud or unfair operations.
Availability and affordability
Casinos that accept bitcoin are the height of convenience, particularly for gamers from countries that prohibit gambling. Players may visit online casinos safely and benefit from all the perks of using bitcoin. Traditional online casinos, on the other hand, do not permit such activity because the majority of them do not allow players from specific countries to register and play.
However, bitcoin live casinos also have their own set of drawbacks. Most of the time, casinos that accept cryptocurrencies do not have a license granted by a particular jurisdiction. Accreditations such as licenses often result in miscellaneous fees, so online casinos forego applying for them to save vast amounts of money.
Although the popularity of crypto gaming is increasing, the legit online casinos that offer them a deposit/withdrawal option are rare. That is why players must always do their due diligence before joining an online bitcoin live casino site.
Another negative is that crypto can be an unstable currency, which means that the exchange rate can change exceptionally fast. If the cryptocurrency rate moves positively against the dollar, then this is in the player’s favour. However, if it impacts negatively, it acts against you.
In some cases, withdrawals using cryptocurrencies can take even longer than traditional credit/debit card withdrawals—the reason is that casinos manually compute the amount for security purposes.
CONCLUSION
With the world embracing the “new normal” and innovative technologies such as blockchains continuing to thrive, more and more cryptocurrencies will come to light. The more popular the technology gets, the more cryptocurrency we can enjoy. The growth of bitcoin live casinos also means that there will be more online casinos to come.
In these trying times brought about by the pandemic, multiple options to earn and gain profit are always a welcome sight. Like the blockchain concept and the cryptocurrency market, the crypto casino industry is constantly changing, usually for the better. More platforms could enter the market at any time and offer better services as the demand increases. Given that these sites have their respective advantages and disadvantages, the one thing they have in common is the fact that they prioritise player experience above all. Regardless of which online casino you choose, you can always enjoy its perks and bonuses.
Sooner or later, bitcoin and other cryptocurrencies will be popular on online casino sites and the mainstream scene as well. Not to mention, the emergence of other disrupting technologies such as Virtual and Augmented Reality.
With the ability to virtually transfer themselves to stunning and thrilling virtual casinos full of hundreds of other online gamers utilizing cutting-edge technology, VR and AR will undoubtedly blur the lines between online casinos vs traditional brick-and-mortar casinos.
As a result of incorporating these cutting-edge technologies, the online gambling industry will develop, and new products and services will hit the market to provide the best experience possible.
Hazel F
Hazel is a casino writer. She specializes in betting techniques and analysis. She obtained her bachelor's in applied mathematics in 2011. Since then, she’s worked for many casinos as a senior operator. One thing about her is her passion to teach about casino secrets and tips. So, you’re sure to know a lot about casinos and betting with her here.
UAE is planning on putting up its gaming regulations through the General Commercial Gaming Regulatory Authority (GCGRA).
Hazel F
Hazel is a casino writer. She specializes in betting techniques and analysis. She obtained her bachelor's in applied mathematics in 2011. Since then, she’s worked for many casinos as a senior operator. One thing about her is her passion to teach about casino secrets and tips. So, you’re sure to know a lot about casinos and betting with her here.
