Top Bitcoin Gambling and Casino Sites of 2015
Located below you will find the top gambling sites. We carefully tested over 45 different sites and determined these were the top. Use this link for Bitcoin Poker and this one for Bitcoin Casino and this one for Bitcoin SportsBook Sites. Read the detailed reviews and decide on which is the best to gamble on!
Latest Update: June 8, 2015
Top 4 Bitcoin Casino and Gambling Sites
Top NON Bitcoin Casino Sites in the World.
Bitcoin-based gambling has opened up a lot of new doors when it comes to how online casinos work and how it affects the people that play in them. Traditionally, it would take days or weeks to get deposits to a casino, and the same amount of time (if not more) to get it back out. Along with this, a lot of personal information was needed in order to comply with laws (such as KYC and AML). With the invention of Bitcoin, however, this is no longer the same. Instead, deposits and withdrawals can be handled instantly and securely at any time of the day or night. The addition of complete anonymity (or pseudo-anonymity) helps make Bitcoin the perfect solution for online gambling.
Pros and Cons of Using Bitcoins to Gamble
While Bitcoin is a great addition to gambling and makes a massive difference in how things work, it does have both good and bad sides. Understanding these is key to realizing both the potential that Bitcoin has, as well as where it is lacking.
- It is cheap and easy to transfer (a payment is only a couple of cents, regardless of the payment amount – this money is paid to miners, keeping the network safe and secure).
- It is anonymous (the only information anyone will know about you is your Bitcoin address, which can be changed at any time, which is recommended for security).
- It can be sent extremely quick, allowing for fast (or instant) deposits and withdrawals.
- It is not tied to any specific currency, so they can be used on sites that otherwise would not be accessible to gamblers that are from other countries, and it doesn’t require any conversions.
- The values can fluctuate, though they have been fairly stable as of late.
- Due to the security aspect, some sites require time to manually process withdrawals.
- Having funds on any site can cause losses if that site is hacked.
Why Use Bitcoins Instead of Fiat?
A big reason for using bitcoins instead of fiat is that you can send the funds to an online site quickly and securely. It also allows for withdrawing any amount you want without having to jump through extra hoops or wait for paperwork to be drawn and signed, or other verification methods that are part of the “KYC” rules. On top of this, it ends up lowering the costs associated with casinos accepting funds, such as payment processing fees from credit cards and other methods. In turn, this makes it cheaper for the funds to be returned, creating a win-win scenario for everyone.
Security also has a pretty big part when it comes to these sites. By allowing players to simply send funds through a Bitcoin wallet to the casino, there is no personal information needed from either party. In fact, some sites do not even allow accounts, and many more offer up the choice of either creating one or not. This security advantage is something that simply cannot be found in the fiat-based casinos due to how the money transfers work. Lastly, the “provably” fair concept is something that is unique to Bitcoin sites, and is a near-necessity to most players at this point.
Legality of Bitcoin Gambling Online
Using Bitcoin to gamble is no different than gambling with any other currency. Gambling is gambling, and should be treated as such. With that said, the anonymity aspect keeps people from knowing who is playing on what sites, how much they are playing for, etc. Unlike normal online casinos where a country can simply ban banks from allowing transfers to or from the casino’s bank, with Bitcoin all of the transfers are handled peer-to-peer. This gives the added safety of knowing that your transfers can not be dictated by a government. With that said, you should still be aware of the gambling laws and regulations where you are located at.
Security of Bitcoin Gambling
Bitcoin gambling is extremely secure. On top of the personal anonymity that is offered by using Bitcoin, there is also the massive change that these systems have brought to the gambling world: provably fair gaming. The vast majority of online casinos that accept Bitcoin offer up provably fair games. What this means is that you are given one or more seeds that you can control, and after the roll is finished (or the game, although they all rely on rolls in one form or another), you are able to verify that the result is as it should have been based on the hashes given. This ensures that the casinos are not cheating their players, and they give the ability to gamble more comfortably while knowing that everything is being handled fairly.
When we get in to the site security, there is another added benefit. If a site is hacked, they have none of the player information other than the deposit and (possibly) withdrawal addresses, neither of which gives them any identities or allows for taking the coins you have in your own possession. These addresses are public and are not tied to anyone, which means that letting the information get in to the public is meaningless. At all times, who you are and what you’ve done with your bitcoins is completely anonymous (unless you share your identity willingly).
It is important to understand that Bitcoin’s value is always fluctuating. From minute to minue and hour to hour, the amount that a single bitcoin is worth is always changing. The reason why this is important is because it is possible to move funds to a casino and win money, only to find out that the fiat value has gone down. Conversely, it is also possible to take coins and lose them, only to withdraw what is left to find out that there is more fiat value. This is a concept that is not seen in fiat-based casinos, and it is something that any big gambler needs to be aware of since it really does make a difference on earning potential. That said, the values have not fluctuated largely as of lately, and they appear to be stabilizing.
How to Obtain Bitcoins
There are essentially three different ways to obtain bitcoins: buying them from the market, working and accepting them as a payment method, or mining for them. By far, the most popular method is to purchase them directly, as this grants instant ownership and can be done at any time. That said, the most popular services that help fulfill each method of obtaining bitcoins are as follows:
Bitcoins must be purchased from an exchange, of which the most popular ones are Circle and Coinbase. Funds are transferred to the site of choice, and then bitcoins can be bought directly and transferred to any wallet desired. In the case of Circle, a credit card can be used to fund the account; with Coinbase, it requires an ACH transfer. Both of these sites require identification to comply with AML/KYC laws. For a more “over the counter” way to buy bitcoins, LocalBitcoins is a great resource – this deals with person-to-person transactions, and they often come with a higher cost as a result.
Places like Reddit’s “Work for Bitcoin” subreddit are a great source of jobs. Along with this, BitcoinTalk can be used as well. Both of these are highly trafficked and contain many employers that encompass a wide variety of desired skills.
Another way to earn bitcoins is to sell wares to others and accept them as a payment method. For example, some online shops now accept them, as well as individuals that want to increase their holdings (and bitcoins are a great solution to online transactions, since they’re both free and permament).
Mining bitcoins isn’t a very profitable method of obtaining them, but information on how to mine can be found on BitcoinTalk. At this point in time, it is going to cost more to mine than is earned, so it’s recommended to use one of the previous methods to obtain the coins instead. Some miners, however, do it just for the hobby and to help secure the network, without any financial gain in mind.
Using Bitcoin to gamble is by far the safest way to play online. It opens the doors for lower stakes, instant deposits and withdrawals, secure play and even anonymity. All of these things together make Bitcoin the perfect solution for online casinos, making them much easier and faster to use than fiat-based casinos. Tack on the fact that players can withdraw as much as they want and it has no impact on the cost of the transfers or the speed, and it just makes things that much sweeter!
Read our other blog posts and pages for more information. Please contact us with questions or advertising opportunities here. You can find Directory of Gambling Sites here and Bitcoin Gambling Sites that offer an Affiliate Program here.
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