Yearning to know more about the intricacies associated with Bitcoin gambling? Well, you’ve come to the right place. In this article, we’ve sourced relevant information to make your gaming experience memorable, ranging from the advantages of this cryptocurrency to how it fares in terms of legality and how to deposit and withdraw using this method at the casino. As you read on, you’ll see a list of recommended Bitcoin casino sites to commence your wagering journey.
🔥 Best Online Casinos updated: 09 Dec 2023 17:05:12
📍 Overview of Bitcoin Gambling
Digital currencies are gaining traction among NZ players, and Bitcoin is at the top of the chain. It can be easily transferred from one individual to another globally, in just a few seconds, and it trumps other payment methods because it enables players to:
maintain anonymity during transactions;
make swift withdrawals;
steer clear of charges associated with other traditional payment methods;
play games that are Bitcoin-specific.
However, this cryptocurrency doesn’t feature any central body to foster regulation. As a result, BTC can experience a surge or dip at any given time.
Year of foundation
Best Bitcoin Casinos NZ
FastPay, 7Bit, King Billy, Woo, Betchan, Emu, Yoju (+13)
₿18,355,100 (as of 2020)
Bitcoin gambling offers many benefits that are not applicable to fiat currencies.
Unlike other casinos that support majorly ‘fiat’ currencies, there are just a few online Bitcoin casino sites. Why? Most individuals are yet to come to terms with. Also, the laws surrounding this cryptocurrency are somewhat grey, making it an uncertain venture. However, as people start to key into the numerous benefits of the Bitcoin casino, the popularity is sure to skyrocket. We’ll look closer at the advantages inherent in gambling with Bitcoin and the steps in choosing the best crypto-based casino.
Just like every fledgeling technology or start-up, Bitcoins have their highs and lows. As a gambler, it’s crucial to weigh all your options and decide whether placing bets using Bitcoin is the right path to take. Nonetheless, with Bitcoin gaining steady traction, it’s only a matter of time before this currency becomes the ‘go-to’ option for all online transactions. Some benefits of using BTC include:
Security and privacy.
Little to no fees associated with transactions.
Fast transaction times for both deposits and withdrawals.
Additional bonuses and other promotions.
Is it worth playing at online gambling platforms using Bitcoin?
Experts agree that using Bitcoin at online casinos is a good option. Not only is this payment alternative fast and secure, but it also offers access to certain 'limited edition games and features minimal transaction fees.
Although certain casinos might attach a fee on other payment options, charges are noticeably absent with Bitcoin transactions, thereby making it a cost-effective alternative for gamblers.
On the flip side, it’s pertinent to note that the Bitcoin casino features certain drawbacks, asides from the fact it’s susceptible to cyber-attacks. Although this is a significant threat most online casinos are trying to nullify, there are countermeasures to ensure your safety. That said, Bitcoin is also subject to high volatility, meaning that you can make losses as quickly as you win. Luckily, the volatility aspect of this digital coin is only an issue if you’re into Bitcoin trading and not for casino gambling.
When giving a verdict on the best Bitcoin casinos, we follow stringent assessment criteria. Our team of seasoned professionals uses this approach for rating every casino that they come across. We make sure to review these sites continuously to ensure they’re up to date while being relevant to players’ needs. Let’s take a peek at what our review process entails below.
Numerous aspects affect the rating of an online casino. However, some aspects like licensing, bonuses and game collection are indispensable and can make or break your gameplay experience.
🔐 Security and safety
Here, we make an in-depth analysis of the security features on show, such as end-to-end encryption, licensing, regulatory information, and privacy policies. Gambling sites that tick all these boxes are rated highly.
🎁 Bonuses and promotions
The best websites need to accord users promotions and bonuses that have reasonable terms and conditions. Also, the casino should ensure that these incentives and terms are updated regularly.
📞 Customer support
The best Bitcoin casino sites should ensure they have multiple customer support variations that can cater to the needs of players round the clock. A top BTC casino must incorporate friendly, professional, and hard-working support agents in its employ.
🥇 Licence and certification
Licenses from reputable bodies like MGA, UKGC, and CGC will guarantee that the casino is legal and trustworthy. Additionally, licensed casinos will have certifications from an independent auditor like eCOGRA as proof of fair play.
🎰 Games and software
At the Bitcoin casino, the presence of quality games is a must. Consequently, casinos that partner with top software developers like NetEnt, Microgaming, BetSoft, Pragmatic Play, and Endorphina will receive marks crucial to maintain a high ranking.
📱 Mobile compatibility
It needs to work seamlessly across different mobile platforms for a casino to earn a spot at our best Bitcoin casinos’ ranking. It should also provide a mobile app that supports multiple operating systems.
✔️ User interface
A website interface that’s easy to use and navigate is very beneficial, especially for beginners. We check that all icons are legible and sections are easily identifiable. Aesthetically pleasing colour schemes are also a plus.
Since cryptocurrencies like Bitcoin are currently staking a claim in the world’s stock market, it’s now legal for NZ residents to gamble online using Bitcoins. Furthermore, the New Zealand government has measures in place to ensure that cryptocurrencies, Bitcoin inclusive, are properly regulated following the economic laws. The signs currently point in a favourable direction for Kiwis as tax authorities in New Zealand have authorized companies to pay staff using Bitcoin. Coming back to the gambling scene, players should make sure that they visit a licensed casino while making Bitcoin purchases from verified Bitcoin exchange merchants.
There are tons of Bitcoin exchanges out there. However, in order to avoid scams, you must visit those like Coinbase, Kraken, and Binance that are licensed and popular.
You can begin your gambling journey with Bitcoin without hassles of any kind. Once you’re done with the sign-up process, follow these four easy steps to begin gameplay:
choose a Bitcoin exchange, create a wallet and buy Bitcoin;
log in to the casino and make Bitcoin your preferred deposit medium;
visit the games lobby and select a game that’s Bitcoin compliant;
start playing to win.
A digital wallet for storing your Bitcoin tokens. With this wallet variation, you can make Bitcoin casino transactions online without any hassles.
With game titles are plentiful at online casinos, it’s crucial to note that there are only a few games that you can place bets using Bitcoins. Although this cryptocurrency is becoming increasingly popular, not all software providers have caught the ‘Bitcoin Fever’. However, some companies like Betsoft, Pragmatic Play, and Endorphina offer slot and table games that make use of Bitcoins.
Best Bitcoin Casinos
Terms of withdrawal
Fast Pay casino
💠 How to Withdraw Winnings With Bitcoin
It will take: 10 minutes
Bitcoin withdrawals are one of the easiest and fastest methods available at the casino. Not sure of the withdrawal process? Follow these steps:
Log in to your casino account, play your favourite real money games and win cash.
Navigate to the withdrawal section and select Bitcoin.
Enter the desired amount you'd like to withdraw. However, you should note that withdrawal limits vary across online casinos.
You'll see an option prompting you to confirm the transaction. To process, click 'yes'.
As long as you're an NZ player wagering at licensed and regulated New Zealand casinos with real money or Bitcoins, you can win. Here, licensing is important to ensure that the casino provides legitimate services and fair gaming.
What are the deposit limits at Bitcoin casino sites?
First off, it's worthy of note that the deposit limits at online casinos vary. Some wagering platforms accept deposits as low as 0.01 BTC to maximum amounts of 1 BTC. On the other hand, some well-known casinos who have affiliations with Bitcoin and other cryptocurrencies might feature highs of around 5 BTC.
Can I reverse a transaction made to the wrong wallet?
Unfortunately, you can't. One of the drawbacks of using Bitcoin is the fact that reversals are impossible after a transaction has been processed. Hence, you are advised to double-check the wallet address before making deposits or withdrawals at the casino.
Are my details safe at Bitcoin casino sites?
Everything boils down to the online casino you place wagers at. Bitcoin transactions are notable for providing a high level of security. As long as a Bitcoin casino is licensed and regulated, you can rest assured that your transactions are safe and secure.
Are Bitcoin slots available to play for free?
Yes, they are. Just like any online slot game, when playing free Bitcoin slots, you'll get everything available in the real money version. The only exception is that you won't be able to earn cash wins.
What are provably fair slots?
These are games that integrate Bitcoin's innovative Blockchain Technology and gives players the chance to check if gaming results or outcomes are authentic or not. You don't have to blindly trust the casino; you can see for yourself if the gameplay is truly fair.
Are all online slots provably fair?
Only slots that integrate Bitcoin's innovation are provably fair. Not many software providers integrate this technology into their games yet. To try out provably fair slots, you should consider games from BetSoft, Endorphina, BGaming, Amatic, iSoftBet, and Pragmatic Play.
How is verification carried out at the BTC casino?
You're guaranteed privacy when you make transactions via the Bitcoin Blockchain. Nonetheless, you'll need to provide your details at a BTC casino by going through the LYC documentation and verification process. These checks following rules set by casino regulatory bodies are vital to facilitate the withdrawal of winnings.