Ad Disclosure
Bitcoin casinos are online casinos where you can deposit and play using BTC, the most popular cryptocurrency in the world. Although Bitcoin is becoming more popular all the time, the gambling regulators haven't yet blessed its use on licensed casino markets such as the UK.
Bitcoin is rapidly becoming one of the more popular payment methods players will find in online casinos.While the legal ramifications of using Bitcoin on a day-to-day basis and as a currency itself are still up in the air, online casinos have made no qualms about accepting the cryptocurrency. Bitcoin Casino UK Bitcoin is the first digital currency operating in blockchain technology. Bitcoin is a decentralized virtual currency not controlled by a single entity or entity. Bitcoin casinos are a revolution in casino deposits and withdrawals.
On this page, you'll find everything you need to know about Bitcoin casinos in the UK, ways to use crypto for gambling and basic info about the blockchain technology.
Jump ahead:
- FAQ
What is Bitcoin?
In 2008, a computer programmer going by the pseudonym of Satoshi Nakamoto released Bitcoin and its underlying blockchain technology to the world. As stated by Satoshi in the famous white paper, Bitcoin is an 'electronic cash system that's fully peer-to-peer'.
Bitcoin and other cryptocurrencies are made possible by a technology called the blockchain. This is a shared electronic ledger in which transactions in cryptocurrency (e.g. bitcoin) are instantly validated by a network of computers, thus creating a decentralised and transparent environment.
Essentially, Bitcoin is a digital currency that can be used as a transfer of value between people, without the interference of banks or other third parties. Bitcoin is the most popular of the available cryptocurrencies and can be used for a variety of things such as booking hotels, buying food and gambling.
Getting around the Bitcoin casino restrictions in the UK
Unfortunately, you can't directly deposit bitcoin at regulated and licensed UK online casinos for now. However, if you're set on using your crypto for gambling, there are ways to get around this.
Several e-wallets, crypto exchanges and online banks have found ways to blur the line between cryptocurrencies and traditional banking solutions. In practice, you can spend crypto of your choice and the casino gets fiat, i.e. 'normal money'.
Here are some examples of payment providers that let you spend crypto using more conventional banking methods:
- Crypto.com
- Revolut
- PayPal (bitcoin integration announced for 2021)
On this page, you'll find everything you need to know about Bitcoin casinos in the UK, ways to use crypto for gambling and basic info about the blockchain technology.
Jump ahead:
- FAQ
What is Bitcoin?
In 2008, a computer programmer going by the pseudonym of Satoshi Nakamoto released Bitcoin and its underlying blockchain technology to the world. As stated by Satoshi in the famous white paper, Bitcoin is an 'electronic cash system that's fully peer-to-peer'.
Bitcoin and other cryptocurrencies are made possible by a technology called the blockchain. This is a shared electronic ledger in which transactions in cryptocurrency (e.g. bitcoin) are instantly validated by a network of computers, thus creating a decentralised and transparent environment.
Essentially, Bitcoin is a digital currency that can be used as a transfer of value between people, without the interference of banks or other third parties. Bitcoin is the most popular of the available cryptocurrencies and can be used for a variety of things such as booking hotels, buying food and gambling.
Getting around the Bitcoin casino restrictions in the UK
Unfortunately, you can't directly deposit bitcoin at regulated and licensed UK online casinos for now. However, if you're set on using your crypto for gambling, there are ways to get around this.
Several e-wallets, crypto exchanges and online banks have found ways to blur the line between cryptocurrencies and traditional banking solutions. In practice, you can spend crypto of your choice and the casino gets fiat, i.e. 'normal money'.
Here are some examples of payment providers that let you spend crypto using more conventional banking methods:
- Crypto.com
- Revolut
- PayPal (bitcoin integration announced for 2021)
Each of these systems differs slightly from its competitors, and we won't provide detailed instructions here. However, the basic idea is this:
- Sign up and get a traditional, widely accepted banking solution, e.g. bank account, debit card or e-wallet
- Buy or receive digital currencies in a wallet linked to your account
- You can choose whether to use crypto funds or fiat for purchases
- When you pay with crypto, each purchase is converted into fiat at the going rate and deducted from your crypto balance
- You pay with crypto; the merchant (the casino) gets fiat
We can't give you an exact list of casinos that accept alternative ways to deposit with BTC. Luckily, we don't have to. For example, if the casino accepts a Visa card issued by a regular bank, they're likely to accept one issued by Revolut or Crypto.com. Here are Bojoko-listed casinos with the widest range of banking methods: William hill poker points.
Why UK-licenced online casinos don't feature Bitcoin?
Regulation surrounding cryptocurrency in the UK is particularly fragmented. Over the last few years, the UK government has had a general view that bitcoin and other cryptocurrencies are not ‘real currencies'. This is because they are not perceived to perform the functions generally associated with the definition of currency. Therefore, they are not widely accepted as legal tender, though legal.
The main reason bitcoin casinos are not so prevalent in the UK lies within the inherent characteristics of cryptocurrency. Bitcoin was created to remove power from the central banks and the regulations associated with them and their fiat currency counterparts.
Currently, it is not illegal for UK-licensed casinos to accept cryptocurrency deposits. However, the UK Gambling Commission requires all casinos to comply with anti-money laundering (AML) and know your customer (KYC) regulations. This becomes extremely difficult for bitcoin casinos as arguably the most important characteristic of the cryptocurrency is its perceived anonymity. Overcoming this obstacle has clearly been quite difficult for bitcoin casinos who have decided to avoid establishing themselves in the UK.
What does the future look like?
The UK is one of a growing list of countries that are looking at ways to properly regulate bitcoin and other cryptocurrencies. As regulations change and adapt and more people begin to adopt bitcoin, we will likely start to see bitcoin casinos start to pop up. For example, online payments powerhouse PayPal has stated that in 2021 they will give customers the ability to buy, sell and hold bitcoin and other cryptocurrencies. This would allow people to use their crypto at any of the millions of merchants PayPal works with. Advances such as this could promote big changes within crypto gambling.
Unfortunately, it is highly unlikely players will ever be able to play at a UK-licensed bitcoin casino and be anonymous due to the UKGC's strict guidelines. However, players in the UK may very soon have the choice to experience the benefits of bitcoin betting!
What's so special about Bitcoin gambling sites?
Bitcoin casino (or BTC casino for short) brings plenty of new exciting features to the table. It's easy to understand why Bitcoin gambling is becoming ever more popular.
Take a look at how Bitcoin can improve your experience in the newest online casinos:
- A private, decentralised and transparent currency
- Bigger bonuses for players due to extremely low transaction costs for operators
- Super fast withdrawal (usually 20 minutes)
- Your winnings may increase in value as BTC gains momentum
Low fees are also a major plus. On Bitcoin gambling sites you can expect substantially lower transaction charges than at normal, fiat currency online casinos.
Benefits of Bitcoin casinos
Decentralisation
Probably the most important aspect of Bitcoin and the blockchain is its decentralised nature, meaning it isn't controlled by one single entity or institution. The pros of this are primarily the anonymity and transparency of transactions.
The intrinsic benefits of decentralisation are experienced when playing at a cryptocurrency casino. These include: Rules of texas holdem poker for beginners.
- No external control over the blockchain and free from banks
- No need to enter card details or address during signup
- Extremely low or no transaction fees
- Fairer processes
Provably fair
Another special feature of Bitcoin casinos is that they can be 'provably fair'. This concept is unique to casinos that support blockchain technology.
Provably fair casinos prove themselves to operate 100% fairly through mathematical verification. Provably fair casinos cannot corrupt the fairness of their games.
Here's how provably fair gaming works:
- The casino creates a seed number for the bet.
- This is hashed (turned into a secret code like a digital signature) and sent to the player.
- The player then adds their own seed number and the bet takes place.
- When the bet's over, the player receives the seed used in the bet.
- If it matches the bet, it's verified automatically by the system.
- If the casino tries to manipulate the bet outcome, the bet becomes invalid.
The accuracy and fairness of a bet's outcome can be verified by players in real-time. The provably fair mechanism is strongly tied to the random number generators. It may take a while before you can play at a live casino using the same verification method.
It is important to note that not all Bitcoin casinos are provably fair. You can check whether a crypto casino is provably fair on its website. The 'provably fair' label is normally found and explained on the homepage or 'About us' page.
Flexibility and versatility
Bitcoin opens up the world of online casinos and banking options to users who would otherwise have access to neither. At the same time, adding Bitcoin as a payment option to a casino has become easier.
PayPal casinos have to jump through many hoops to get approval. Instead, Bitcoin has quickly become more prevalent online as the popularity of cryptocurrencies continues to grow.
Bitcoin can be transferred amongst users anywhere in the world. Bitcoin is an international digital currency which:
- Transcends borders
- Can be used by anybody regardless of background
- Makes bank accounts and credit cards unnecessary
Security
Bitcoin casinos also have an upper hand over the mobile billing casino sites. In addition to making deposits, you can also withdraw your winnings to your BTC wallet. Since using Bitcoin cuts out the middleman, it's a fast withdrawal method in a casino.
Bitcoin offers unique layers of protection that aren't found in other banking options. Every single deposit and withdrawal made in a Bitcoin casino will use a unique, encrypted digital address. All your transactions are coded. Your personal and financial information can never be disclosed as transactions are processed.
Using Bitcoin doesn't make you completely anonymous. Exchanges and wallet providers usually require you to prove your identity. Additionally, some Bitcoin casinos may ask you to provide KYC documents in exceptional circumstances.
However, Bitcoin has been designed to make users pseudonymous. The network functions with a private key and a public key:
- The private key is a secret number that allows Bitcoins to be spent and is saved in your Bitcoin wallet.
- The public key is equivalent to your Bitcoin address, which changes for every transaction you make.
- Private and public keys work together as a sophisticated two-way authentication system.
Bitcoin Casino No Deposit Bonus Uk
Bitcoin casino slots
In terms of general player experience, Bitcoin casinos are almost identical to traditional online casinos. There's the same wide collection of games available: typically slots, progressive jackpots, table games, and live dealer games.
Depending on the specific casino, players can enjoy slots and live tables from the biggest studios, such as Microgaming and Play'n Go, to smaller, more niche offerings. Players can select their wager amount (within defined limits) and can make a withdrawal whenever they want.
When playing slots at a Bitcoin casino, in-game balances and winnings may be shown in different ways depending on the casino. The main way players might see this are coins, BTC, mBTC, uBTC, $, € or £. To clear up any confusion, mBTC and uBTC are simply fractions of a Bitcoin (BTC), this helps when playing with smaller amounts.
FAQ
What is a Bitcoin casino?
Bitcoin casinos are online casinos that use Bitcoin and other cryptocurrencies as a means to place wagers. Players purchase BTC from an exchange or transfer from a wallet to the casino and then gamble on games as normal. For withdrawals, players simply specify how many BTC (or similar) they want to withdraw, and send those funds back to their wallet.
Which casinos accept Bitcoin?
Bitcoin still hasn't been properly accepted as a payment option on UK-licensed online casino sites. NetBet casino briefly added Bitcoin as a payment method but decided to remove it after a short period.
However, there are banking services that let you spend crypto while the casino gets paid in regular money. Check out the section Getting around the Bitcoin casino restrictions in the UK.
What is the best Bitcoin casino?
There are several indicators of a casino's high quality and Bitcoin casinos are no exception. The best online casinos with Bitcoin:
- are licensed by the UK Gambling Commission
- have plenty of games from well-known slot suppliers
- offer other cryptocurrencies
- feature fast, reliable, low-fee banking options
- offer competitive bonuses
Unfortunately, there are currently no UK-licensed casinos that directly let you deposit with Bitcoin.
How does a Bitcoin casino work
Online Bitcoin casinos work in exactly the same way as a regular fiat casinos in terms of how players interact with the site and play games. Aside from the benefits of gambling with Bitcoin, the primary difference is the process of purchasing Bitcoin or other crypto and depositing it into the Bitcoin casino.
Depositing at a Bitcoin casino follows a few relatively straightforward steps:
- Open a Bitcoin wallet (if you don't already have one)
- Purchase Bitcoin (e.g from an exchange)
- Send the Bitcoins to your specific wallet address at your chosen casino
- Get playing!
It is becoming more popular amongst Bitcoin casinos to give players the option to purchase Bitcoin from the casino via a third party. This means players can quickly purchase Bitcoin using their credit card and it will appear in their balance. A Bitcoin wallet would still be necessary for withdrawal.
Depending on the casino, you should be able to withdraw all of your Bitcoin balance instantly. However, some casinos may require the casino payments staff to authorise major transactions over a certain value.
How long does it take for a casino to receive a Bitcoin deposit?
Bitcoin provides its users nearly instant casino deposits and withdrawals. However, some Bitcoin transfers can take a couple of minutes to clear.
Your transaction is recorded in the distributed ledger and becomes an immutable part of the blockchain history as links to the chain are forged upon the previous ones.
How to cash out Bitcoin from an online casino?
This depends on whether or not the online casino is handling Bitcoin transactions directly. If it is, you can withdraw Bitcoin directly to the address from where you made your deposit (e.g. your personal wallet). This may require authorisation from the casino payments department.
How much is 1 Bitcoin worth in an online casino?
1 Bitcoin in an online casino is worth just as much as it is anywhere else. Online casinos have an exchange rate for btc that reflects the current market situation.
Bitcoin and other cryptocurrencies are a volatile asset class, meaning their price fluctuates heavily.
For example, in 2019 the price of btc varied between £2,525 and £10,895. The change has not always been positive for Bitcoin holders.
Did you find this page helpful?
Ratings: 7 - Average: 4.7/5Bitcoin is a real financial bubble, literally. It is a non-regulated, electronic or non-physical currency that does not belong to any country nor business entity. And everybody loves that! It is suitable for players from the UK to make their regular deposits at the best Bitcoin casino sites and the transactions are instant. It is a very contemporary and attractive payment method, but not that many gambling sites support it though. Three of the most famous ones are Mansion, PlayOJO and NetBet Casino. Each of them offers this modern and secure type of currency for all the UK holders of Bitcoin wallets. The best thing is that you can do the same things as usual, only without the need for sharing your sensitive financial details and information.
Casino | Welcome Bonus | Approved By | Rating | Get Bonus | Terms |
---|---|---|---|---|---|
£500 | Bitcoin GamCare Thawte | 4.8 | Full T&Cs apply. New customers only. Min deposit £20 max bonus amount £500. First deposit: 100% up to £200. Second deposit: 50% up to £300. Wagering 40x for each bonus. Game weighting applies. Cashback: 5% cashback on first and all other deposits during week 1, 10% cashback on all additional deposits taking place in week 2 only. Bonus betting limits: slots - £5 all other games - 10% of bonus amount. | ||
£998 | Bitcoin Gamblers Anonymous Gambling Commission | 4.8 | Full T&Cs apply. Maximum bonus is £123 - Max bet with bonus is £5 - No max cash out - Wagering is 50x - Skrill & Neteller excluded - Eligibility is restricted for suspected abuse - Cashback is cash, so no wagering - Cashback applies to deposit where no bonus is included. | ||
£200 | Bitcoin Gamble Aware IBAS | 4.5 | Full T&Cs apply. New players, £10+ deposit required. No e-wallets/prepaid cards. 30x Playthrough on Bonus and 50x on Free Spins winnings. |
Unlike most available payment methods that are strictly regulated by the Financial Conduct Authority (FCA) or other associations, Bitcoin is a digital currency and it is not regulated. However, the key is to play at licensed and regulated UK casinos that support Bitcoin as a payment method. Only then, you can trust the security and reliability of your deposits, and you can read more about that further in the review. We will also brief you about the greatest advantages and setbacks of the Bitcoin casinos and their cashier methods. From thorough analyses to main factors and steps in the form of visual presentations, you will find all that's important on Bitcoin. Of course, in this ukcasino.org.uk review, you will read plenty of details about the best British Bitcoin casinos to play and enjoy a huge welcome bonus pack. We will include recommendations and highlights that will let you get right to the point, as well as descriptions, comparisons and overall insight into the UK Bitcoin casinos. So let's get started!
Top Benefits of Bitcoin Cryptocurrency for Casino Cashier
Determining the performance of a banking method is a very delicate part because actually some of its greatest disadvantages are sometimes its greatest advantages. It depends on the viewpoint. For instance, while the widely used payment methods are licensed and strictly regulated in the UK, no individual or institution owns or controls Bitcoin! The security of the transactions is another interesting situation because it is second to none. No one can see the balance or history of transactions of a Bitcoin address, because it is used only once. So, the safety of your payments depends on yourself only. There are many other key characteristics of this cryptocurrency and we will mention them as its greatest advantages. Take a look!
- Modern Digital Currency / Payment Method
- Owned via Peer-to-Peer System
- Uses Bitcoin Addresses for One-Off Payments
- Second-to-None Protection of Sensitive Data
- No Fees for payments at Bitcoin Casinos
- Almost Instant Transactions
- Higher Value and Growth Compared to Other Cryptocurrencies
- Many Mobile Bitcoin Wallets Available
How to Use Your Bitcoin Wallet for UK Casino Transactions?
Bitcoin Casino Uk
Let's face it – this is a payment method that consists of a series of complex processes and you need to be technically familiar with them. It is like a huge transaction system and you can play with it at every level. In brief, you will need to install a Bitcoin wallet on your device which can be either desktop or mobile. This operation will provide you with a Bitcoin address that you can use just once and after that, you will be eligible to make a transaction with Bitcoin. Further actions depend on the specific casino you want to deposit, but they can be summarised in a couple of easy steps. For example, if you choose to play and deposit at NetBet Casino, this process continues by selecting Bitcoin among the other listed methods for depositing.
Then, you select the desired amount in £ that you want to deposit to your casino account and which will later be calculated into Bitcoins in your cryptocurrency wallet. The next step will open the NetellerGO platform for payments where you can see an overview of your order. By continuing, you will be asked to fulfil your personal information like phone number, city, e-mail, etc. Once complete, you can launch either your Bitcoin or Bitcoin Cash wallet. Allowing these two options for Bitcoin payments is one of the unique features of NetBet Casino! We recommend choosing just Bitcoin if you do it for the first time. After that, all that you need to do is to copy/paste your Bitcoin address properly or scan the QR code for instant action. You can find down below an overview of how this process looks like.
Bitcoin Casino Uk Casino
Nevertheless, there are some difficulties and issues that may take place while depositing even at the UK's best Bitcoin casino. The most typical one is which wallet to choose – Bitcoin or Bitcoin Cash. There are a few differences between them and the greatest one is that they are two completely different cryptocurrencies. Another key feature of Bitcoin Cash is that it is a much newer wallet and dates back to the middle of 2017. This highlights another few important differences. Firstly, it has a much lower acceptance by the UK casinos, so it is a real privilege that NetBet offers it as a payment method. Secondly, the transactions are usually faster, but not so safe and reliable as Bitcoin because Bitcoin Cash still boasts a much smaller network. The minimum and maximum depositing limit is another factor to consider. For example, British players at Mansion Casino can deposit from £15 to £500 in the form of Bitcoins. When it comes down to transaction speed and fees, still none are applied to deposits at a Bitcoin casino while the entire process takes just about 30 minutes. You ought to know that the transaction timeframes depend mostly on the peer-to-peer verification process and in the best-case scenario the deposits are instant.
Paying at the Best Bitcoin Casino While Playing Your Favourite Games on the Go
Bitcoin Casino Uk
The Bitcoin network made all the transactions as easy as possible for its mobile users. Whether you want to pay on the move or via your tablet, you can choose between several options. The situation might seem a little tricky if you are a first-time player at a UK casino. First and foremost, check out the limitations and the full description of the welcome bonus conditions. Bitcoin and other cryptocurrencies nowadays still do not qualify for the welcome bonuses. Second, you can make any regular deposit easily on the go, because the casinos usually have web-based apps. NetBet, for instance, is compatible with Android and iOS, and with mobile or tablet. You can go through the exact same process and steps like as if you were depositing on the original desktop version of the casino. Other casinos may have their own native apps, but in any case, you can effortlessly play and deposit on the go. You should try NetBet on your mobile device too!
Best Bitcoin Casino Uk
- Leading Game Developers
- Numerous Promotions
- Licensed & Trusted Operator
Since Bitcoin is a strictly peer-to-peer network, it is definitely perfect for mobile payments. Everything is optimised so you can easily have your money on your account and start playing your favourite roulette, blackjack, video poker, slots or other classic casino games. Many Bitcoin wallets come with their own mobile apps. Actually, everything in the Bitcoin network is based upon cryptocurrency wallets, so you can easily imagine the scale and variety of apps that we are talking about. Having installed such an app gives you some very important benefits other than the easy payments on the go. Examples include instant verification of the transactions, easy overview of your Bitcoin addresses, extra scams and theft protection, additional private key features, and the list goes on. Not to mention that some wallet apps allow access to funds across multiple devices. Just make sure that you are playing at a casino that supports deposits via Bitcoin or Bitcoin Cash because NetBet is one of the very few of them in the UK!
Drawbacks of the Payments at a Bitcoin Casino
At first glance, Bitcoin has no disadvantages at all, but only when you look at it as a payment method alone. On the other hand, when we talk about Bitcoin casino payments, we could highlight some very important drawbacks. Bitcoin is a method that does not support withdrawals in the first place. This is a method that is supported by only a handful of UK online casinos so far, and it does not qualify for bonuses too. On top of that, the software wallets and apps are not proven safe for the storage of large amounts of bitcoins. This makes the big deposits by the high-stakes players recommended for desktop devices in general. The software wallets are simply not so secure than the hardware wallets. Another major setback worth mentioning is that Bitcoin is a highly volatile currency, i.e. its value constantly fluctuates and respectively the deposits may be in your favour or in contrary. The bottom line is that Bitcoin is not for every player. You need the expertise to work with that kind of cryptocurrency and right after that to decide for yourself if this is the most convenient payment method for online gambling.
Online Bitcoin Casino Uk
Interesting Facts and More About the Bitcoin Network
Bitcoin's network is also known as Blockchain and it has no legal or any other juridical person that controls it. It just belongs to everyone with a Bitcoin wallet. The history of this cryptocurrency can be traced back to 2009 and basically, this was the foundation of the digital money and the first blockchain databases. There were several major milestones until nowadays and perhaps the greatest one was after the extreme rise in the currency value. Therefore, Bitcoin Cash appeared just about a year ago and both cryptocurrencies tend to establish themselves as commercially accessible payment methods worldwide. The developers are the only people that can affect the Bitcoin software and still they have to cooperate and synchronise their incentives.
That said, the security of deposits at Bitcoin casinos is paramount! It is impossible for someone to trace your payments like when you use a debit card or another E-wallet. Not to mention if you hide your IP and then proceed to a transaction with Bitcoin. This digital currency is still not regulated in the UK. However, there is publicly accessible information that the British financial regulator FCA works with the Bank of England and the UK Treasury on questions about how Bitcoin and other cryptocurrencies will be regulated. So far, it is enough to trust the regulated and licensed Bitcoin casinos by the UKGC among other unlicensed gambling sites.
The applied taxes and VAT are another important aspect regarding the legality of any Bitcoin casino in the UK. Here on the island, this cryptocurrency is considered as ‘private money' and VAT is due for its exchange for £ or other foreign currencies. As everything with Bitcoin develops so fast and turbulently, the association ‘CryptoUK' launched earlier this year (2018) as the premier British entity to take care of the cryptocurrency standards. Shortly put, there are many interesting facts around Bitcoin and we can only hope that more British casinos will allow cryptocurrencies in their payment methods.
Deposit with Bitcoin(s) at Your Favourite British Gambling Site Today!
We highly recommend using your Bitcoin wallet for deposits at your favourite British gambling site. Whether it is Mansion Casino, PlayOJO or NetBet, you can quickly and easily make your deposits and enjoy a wonderful gaming experience. Mansion Casino offers the greatest welcome bonus pack of £500, so this is also a chance you don't want to miss if you are a first-time player. Just make sure to read all the FAQs and T&C concerning this banking option, because Bitcoin is very delicate. Fun Casino is another alternative place to play and deposit with Bitcoin and that's pretty much it. You can be absolutely certain in the safety and reliability of the transactions at these casinos because they are licensed and regulated by the world's leading gambling authorities like the UKGS and the MGA. Bitcoin is without a doubt an excellent and the most modern way for casino payments!