Bitcoin is an innovative digital currency which describes itself as the world’s first decentralised currency. It has become more popular as a casino currency because of the many benefits it offers in terms of security and ease of use.
Bitcoin is often written with the symbols BTC and XBT and it also has its own symbol, the . Bitcoin is most accurately described as a digital crypto-currency and it operates based on a peer-to-peer marketplace, rather than being managed by a central bank like regular currencies. Bitcoins can only be spent and used through transfers between users and their bitcoin addresses. A bitcoin address is 27-34 characters long and made up of numbers and letters. Anybody can register and sign up for a bitcoin address and casinos offering this payment method will simply require your bitcoin address for you to be able to make deposits and withdrawals. Most casinos will recommend you have a registered (and usually free) bitcoin wallet for withdrawals as it speeds up the process.
You will find casinos out there which are bitcoin-only as they have joined in with this innovation in the currency market but you will also find it as an option as casinos who accept other currencies too. This second type of casino is likely to accept your bitcoins but they will convert them into a more traditional currency for the purposes of play. Bitcoin has become hugely popular because it’s easy and safe to use and it isn’t tied to any government or central bank which removes processing fees for both the casino and the player. Bitcoin-exclusive casinos also make it possible for casino players to play anonymously, via just their bitcoin address, an email address and password. This is something many players find particularly beneficial as their home address and name can remain private.
History of Bitcoin
Bitcoin was invented by Satoshi Nakamoto. He first published his invention in 2008 and released the related open-source software in 2009. The nature of the software means anybody is able to mine bitcoins and there are specialist firms dedicated to the process too. It is officially described as a decentralised virtual currency and it is the largest of this kind of currency on the market.
Bitcoins are broken down into smaller units including: millibitcoin, microbitcoin and satoshi, the smallest possible measurement of the currency, which is named for its creator and also equivalent to 0.00000001 bitcoin.
More and more payment processing websites and bitcoin-focused services have developed since the currency has been available. BitPay for example, were founded in 2011 and provide a global bitcoin payment service which allows site owners around the world to offer bitcoin as a currency. Other similar companies include Coinbase and Xapo. A whole industry of companies has developed off the back of the bitcoin and it has given people a new way of paying and managing their currency.
Bitcoin Conversion Rates
Compared to other currencies the price of Bitcoin fluctuates much more regularly. The conversion rates change often on this basis and at the time of writing one Bitcoin was worth the equivalent of £51,459.
You can explore the current range of bitcoin casinos below and find sites which are accepting this innovative and growing currency.
Welcome Bonus 400% Bonus Up To £800 |
|
Visit | Welcome offer 400% up to £800 on 1st deposit. New players only. Minimum deposit £25. This Bonus is subject to a wagering requirement of 45x before cashout and can only be wagered on Slots. Full terms apply.   |
|
Welcome Bonus 300% Bonus Up To £5,000 + 50 Extra Spins |
|
Visit | Welcome offer 600% Bonus and 100 Free Spins over your 1st 2 deposits, starting with 300% Bonus and 50 Free Spins on Cash Bandits 3 on 1st deposit. Coupon code WELCOME1 required. Min deposit £25. Maximum Bonus £5000. Maximum winnings from Free Spins £50. WR Bonus 20x. WR Free Spins winnings 45x. Full terms apply. |
|
Welcome Bonus 300% Bonus Up To £10,000 + 50 Extra Spins |
|
Visit | Welcome offer 300% Bonus up to £10000 and 50 Free Spins on 1st deposit. PLUS Claim 300% and 50 Free Spins again on the 2nd deposit. Coupon code WELCOME1 required. Minimum deposit £25. Free spins valid on Cash Bandits 3. WR 20x deposit + bonus amount. Winnings from Free Spins will be subject to wagering of 45x. Full terms apply. |
|
Welcome Bonus 400% Bonus Up To £2,000 + 100 Extra Spins |
|
Visit | £6000 Welcome package across 5 deposits, starting with 400% bonus up to £2000 and 100 Free Spins on 1st deposit. New players only. Code WELCOME4C required. Minimum deposit £20. 50x WR on bonus. Full terms apply. |
|
Welcome Bonus 100% Bonus Up To £500 |
|
Visit | Sports Welcome Bonus 100% up to £500. This offer is only available to new players who made their first deposit. Minimum deposit required £20. Welcome Sportsbook Bonus applies only for Sports Betting. The wagering requirement is 20x the Deposit and the Bonus amount on minimum 2 events each with at least 1.4 odds before requesting withdrawal. The bonus must be wagered within 30 days. Bets on Baseball, Tennis, Handicap or Draw no Bet do not contribute towards the wagering requirement. Freshbet General Terms and Conditions apply to this promotion. |
|
Welcome Bonus £50 No Deposit Required - 100% Bonus Up To £1,000 |
|
Visit | Welcome offer £50 Free Chips to play on Lucky Jackpots on signup. Plus 100% NO WAGER BONUS on your first deposit using credit card. 30X wagering requirement (60X for table games and video poker), based on the amount of your deposit plus bonus, and no limits on how much you are allowed to withdraw. Bonus amount is non-cashable and will be removed from the amount of your withdrawal request. You must play all spins before switching games. Free spins have 5x additional wagering requirements and no added restrictions on withdrawal. Standard rules apply. |
|
Welcome Bonus 300% Bonus Up To £3,000 + 30 Extra Spins |
|
Visit | Welcome offer 300% Slots bonus plus 30 Free Spins on Ten Times Wins and a 100% cashback on your first and second deposit. Code BIGEVENT required. The code BIGEVENT is valid on the first two deposits. The minimum deposit is £25+ on slots and specialty games only. PT X 40, no maximum cashout. Cashback is given in the form of a Free Chip, PT x50, maximum cash out x5, to be claimed in Live Chat. Terms apply. |
|
Welcome Bonus Deposit £10 and get 100 Extra Spins |
|
Visit | Welcome offer 100 free spins on Starburst. Minimum deposit £10. First deposit only. Spin value £0.10. 60X wagering required for free spin winnings amount (only Slots count) within 30 days. Maximum bet is 10% (min £0.10) of free spin winnings amount or £5 whichever is lower. Winnings will be removed if Max Bet is exceeded. Free Spins must be used before deposited funds. First Deposit/Welcome Bonus can only be claimed once every 72 hours across all Casinos. Terms and conditions apply. |
|
Welcome Bonus 100% Bonus Up To £200 |
|
Visit | Welcome offer 100% bonus up to £200. New players only. Wagering occurs from real balance first. 50x wagering the bonus, contribution may vary per game. The wagering requirement is calculated on bonus bets only. Bonus is valid for 30 Days from issue. Maximum conversion 3 times the bonus amount. Excluded Skrill & Neteller deposits. Full Terms apply. |
