Top 5 Best Bitcoin Casino Top Guide To Crypto Casinos 2022

Choosing Your Best Bitcoin Casino in 2021 - 6 Factors To Consider

A great BTC casino is not necessarily the best for you specifically. 

You might need specific factors to make your experience enjoyable or even possible.

Consider these factors below to determine what you’re looking for when choosing the best online Bitcoin casino for you that we cover in this Bitcoin casino review.

1. Restricted Countries

The first and most important factor when considering a top Bitcoin casino is if you can even use it.

If you’re a U.S. based customer, then your best option is BetOnline from casinos listed in this Bitcoin casino review.

Of course, players from around the world can experience BetOnline’s wide selection of BTC casino games -- but U.S. residents will be particularly pleased to log in.  

Other casinos accepting Bitcoin, like Stake.com, are better for residents of the U.K. or E.U.

Visit the links to each casino’s terms and conditions I provided to double-check.

2. Reputation and Trust

After you’ve found the best Bitcoin casino site which is legal in your area, you should follow up by considering the site's reputation.

mBit and BitStarz, for example, are fully licensed under the laws and regulations of Curacao.

In fact, that’s the case for most crypto casinos. 

Therefore, what’s most important is their customer care. 

How they resolve public disputes, how they communicate publicly, etc.

Also, take into account how long they’ve been operating.

Betonline.ag, for example, has been around since 2004. That’s three decades of reputation building which makes them one of the top bitcoin casino sites out there.

The other BTC casinos on my list have only been around since 2014 or later. 

They’re younger, but they make up for it with strong customer service and great promotions so there is no wonder why Bitcoin casino reviews from those sites are mostly positive.

3. Provably fair

BitStarz also takes their reputation a step further by inspiring trust. How?

They keep most of their games provably fair.

4. Payout and Withdraw Speeds & Terms

Once you’ve selected a Bitcoin casino you trust, make sure it has the payout speeds and terms you need. 

mBit promises to process your withdrawal in 10 minutes or less. This way, if you win big, you can cash out your profits right then and there.

Keep in mind, though, that mBit caps your withdrawal amounts. You can only cash out:
 

• 3 BTC (or currency equivalent) within a 7-day period.

• 10 BTC within a 30-day period.

So if you plan to play with more than that, make sure you’re comfortable with slowly withdrawing them. 

Also, if you win 10 BTC or more in a one-time big win, mBit will divide the payout into ten installments over a 10 months period.

5. Games available

Until now, we’ve discussed the practical factors that go into choosing the best BTC casino for you. But let’s not forget about the fun factors too!

If you’re a casino purest who wants to focus on the classics, then you can’t go wrong with Stake.com since they have: 

Dice, Limbo, Hilo, Keno, Mines, Plinko, Blackjack, Roulette, Slots, Crash, Wheel, diamonds, Baccarat, Video Poker.

If you prefer variety, then BitStarz is the way to go since they have over 2,200 games!

6. VIP programs and Bonuses

If you’re the kind of person who enjoys a good time at a cryptocurrency casino, then an important factor for you is to select one with a great VIP program and lots of entertaining promotions.

BitStarz keeps things fresh and exciting by offering new contests and bonuses for their VIP customers on a regular basis.

They’ve been running contests to win a Tesla model 3, a trip to Tokyo and the Olympics there. 

And every Wednesday, they offer free spins to their loyal players.  

If you’re a newcomer to online Bitcoin casinos who just wants to test the waters, then BetOnline offers some of the best welcome bonuses: 

A 100% Casino Welcome Bonus where you get your first THREE Casino deposits matched 100% from $25 all the way up to $1,000.

Pros and Cons of Bitcoin Casinos vs. Traditional Casinos

We’re living in a digital age. 

An online crypto casino has much more to offer than a traditional online casino. But there are a few drawbacks.

Let’s examine all of them.

Benefits of Bitcoin casinos

The benefits of a Bitcoin casino are all thanks to innovations in crypto: financial privacy, low fees, fast payouts, and more. 

Let’s take a look at these concrete benefits.

Benefit #1: Financial privacy.

Some of the best Bitcoin casino sites like 1xBit offer full privacy thanks to cryptocurrency payments. 

Some Bitcoin casino sites will offer privacy only if you deposit and withdraw Bitcoin and other cryptocurrencies. 

Such financial privacy keeps your activities hidden from your banks, credit rating agencies, and let’s be honest, your spouse/husband too. 

Financial privacy at a Bitcoin casino = financial freedom. 

Freedom to do what you want with your hard-earned money. 

Benefit #2: Low fees

Traditional casinos can burden you with heavy fees: credit card fees, deposit and withdrawal fees, etc.

Online crypto casinos have a strong advantage here. 

Transferring Bitcoin and other cryptocurrencies saves a lot of money and time when compared to other options. 

In fact, a recent study showed that transfer fees with Bitcoin and crypto could be as much as 90% less than traditional bank transfer fees. 

Benefit #3: Play from anywhere

The gambling industry is under strict regulations. 

Casinos must obtain licenses for each country, pay fees, taxes and report suspicious activities to each of them, etc. 

If they accept players from a restricted country -- one for which they haven’t received an authorization to operate a casino, they might receive heavy sanctions.

Traditional casinos will block you because of where your credit card or bank transfer is coming from in order to avoid these sanctions.

But a Bitcoin casino offers deposits and withdrawals in cryptocurrencies -- which can come from anywhere. 

This allows some of them, like 1xBit, to operate anonymously and accept players worldwide.

Although you might need to use a VPN to access their site, depending on your location. 

Reminder: some casinos will accept your deposits but withhold withdrawals once they notice you’re from a restricted country. Always read each casino’s terms and conditions before playing.

Benefit #4: Bigger, better bonuses

Best Bitcoin casino sites generally offer better, bigger, and more frequent bonuses than traditional online casinos. Why? 

Cryptocurrency helps them save money on deposit and payout fees, chargeback fees, and more.

They then pass on some of these savings to you in the form of frequent bonuses and promotions. 

Good for everyone.

Drawbacks of online Bitcoin casinos

All new technologies have drawbacks. Bitcoin casinos are no different. 

There are risks involved when using an online Bitcoin casino. . We hope that with this Bitcoin casino review we can help you to learn about them and avoid them.

Read through them and decide if the risk is acceptable to you. 

Drawback #1: Lack of regulation

Traditional casinos, especially physical ones, must be licensed and stick to KYC/AML regulations.

This is because fiat currency circulates between parties. The funds go through banks, financial institutions, governments. 

Running a fiat-based, unlicensed casino is difficult for these reasons. Authorities will end up noticing.

Operating exclusively with cryptocurrencies, on the other hand, makes it easier for the best BTC casinos to operate without a license.

Unlicensed Bitcoin casinos do not report to any third party or government. 

Therefore, risks that they act unfairly or conduct an exit scam is increased. 

To sum it up: stick to one of the licensed casinos accepting Bitcoin from my list.

And if you play in an unlicensed bitcoin casino -- which I don’t recommend unless you want to gamble anonymously, double-check its reputation before you deposit funds so you can be sure they are trusted Bitcoin casinos.

Drawback 2: No chargebacks

Traditional casinos can only operate by accepting deposits via credit card or other traditional fiat methods.

Therefore, they must also deal with chargebacks imposed upon them by financial third parties. It’s part of the system. 

If you feel you’ve been scammed, you can always request your credit card provider to perform a chargeback, allowing you to recoup your funds.

But when you deposit Bitcoin or crypto, you can’t request a chargeback from BTC casino since there is no financial intermediary.

One of the advantages of Bitcoin and cryptocurrencies is that all transactions are permanent, without any 3rd party involved. 

But that means you need to be more responsible and careful when sending your crypto because you cannot get it back.

This is why choosing a licensed BTC casino becomes even more important.

Drawback 3: Crypto price volatility

Bitcoin has a reputation for being volatile. 

If you bet $10,000 worth of BTC and win $2,000, it won’t feel like much of a win if the price of Bitcoin sinks so much that your withdrawal is only worth $5,000.

This is a risk that simply cannot be avoided at this time. 

The good news is that you may also be gambling with 3x more than your initial deposit was worth.

Playing casino games with Bitcoin is like multiplied gambling or hardcore gambling.

Perhaps in a decade, the price of bitcoin will be more stable, but right now it isn’t.

Play with an amount you’re okay with seeing go up, down, and sideways in terms of value. 

New to Bitcoin Casinos? Here’s How to Buy your First Bits

Overall, playing on the best BTC casinos has lots of benefits. 

It’s better to get in on the action sooner rather than later. 

To get started, you’ll need some Bitcoin. Here are the best options to buy Bitcoin today. The reason why we recommend these exchanges for bitcoin casinos is because they have no policy against the use of their website for gambling purposes, as opposed to most crypto exchanges out there.