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There are many factors that determine the best Bitcoin casinos i.e. Online casinos that accept the leading cryptocurrency as one of or their sole currency / method of payment. To start, they’re licensed and regulated, full of high-paying instant play (no download) games from the best software providers, and boast fast 24/7 customer support. Bitcoin Casino Payment Method. In the online payment market, Bitcoin has been introducing digital currency to users over the past 10 years. In the UK gambling market, it is quite difficult to find a Bitcoin casino legal. Here are the hottest Bitcoin casinos UK in 2020: FortuneJack – When it comes accepting a variety of cryptocurrencies and offering both provably fair games and RNG casino games, FortuneJack Casino is the best. It pairs up these offerings with attractive casino bonuses that players should not miss. 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 Casinos:

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The growth of Bitcoin has made waves in the financial industry, and casinos haver certainly taken notice. Many believe that the cryptocurrency (crypto) is the future of fiscal transactions, so it is now possible to find online casinos that accept Bitcoin as a payment method. In fact, crypto is one of the safest payment methods in the world because the recipient of a payment cannot see any account details (hence the name crypto currency). On this page we have compiled a list of the best Bitcoin casinos. Following our list of the top operators, you will find specific info about how to make payments and the safety of transactions. Click on the link directly below to go straight to our choice for the best BTC casino.

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The Best Bitcoin Casinos in the UK

When making our list of the top casino operators, we looked at each site’s security features, game portfolio and welcome bonus. Whichever site you decide to play at, you’re certain to find yourself at not only one of the best Bitcoin casinos, but one of the top gambling sites in the UK.

Take a look below to see a few key features of each operator, as well as each Bitcoin casino bonus offer. If you’d like to learn a little more about a specific offer, all you have to do is click on the casino’s logo and you’ll be redirected to one of our operator reviews.

Top Bitcoin Casinos

As you can see above, each operator is different. Sites come with different game libraries and unique welcome offers that all have their own terms and conditions. In terms of quality, the two casinos above are similar. The decision about which to play at, is really a matter of personal preference.

How to Use Bitcoin at Casino Sites?

Cryptocurrencies are a little confusing to the uninitiated, but to those who have some experience with the currency should have no trouble at all completing an online casino Bitcoin deposit. First, you’ll need to acquire some coins, which you do by purchasing them. These coins are held in eWallets. After acquiring crypto, making a deposit is just like any other transaction at a casino. Choose the service as your desired payment type, then enter the amount you would like to deposit in GBP. The value will be automatically converted into Bitcoin. Your will then need to launch tour wallet. Make sure you copy and paste the correct address when making the transfer. If you’re using a phone app, you may use a QR code.

Most casinos that accept Bitcoin payments will also let you withdraw in the currency. Sites like NetBet, carry out their crypto transactions with Neteller, so you may need to create a specific account at certain sites to complete cryptocurrency tranfers. Similar to paying a casino, when withdrawing you just need to choose what payment type you want to use. Some casinos will not payout money in Bitcoin and will only accept deposits with the currency. When this is the case, you’ll need to withdraw funds into your bank account.

Advantages and Disadvantages

• Using Bitcoin at Online Casinos
• Value may inflate
• Casinos prevent anonymity
• Acceptance of method fluctuates
• Expertise required
• Forces conversions for withdrawals

There are dozens of more payment types that are more common and easier to use than Bitcoin. What users are really looking for when making a crypto payment, is the anonymity. Blockchain technology means that currency is completely secure and untraceable. It is impossible, however, to complete anonymous payments at a casino site. The transaction speeds, however, are fairly quick. Perhaps the most alluring element of Bitcoins are that there is a chance they can inflate, turning some lucky few into overnight millionaires. However, this requires deep knowledge and constant monitoring of the currency and its health.

The harsh truth is, Bitcoin is not yet a stable form of money. Although casino sites have shown some courage by accepting it as a payment method, they often flip flop when it comes to crypto currencies. For instance, it is very common for a site to accept Bitcoin payments one day and remove the method of payment from its site the next week. Like I said, use of crypto requires due diligence by the user. Additionally, it’s hard to find exclusive casino bonuses or promotions that specifically reward Bitcoin users. I would only recommend that experienced patrons use the money. Inexperienced players should stick to standard payment services.

Is the Payment Method Safe?

With regards to safety, there is no question. Bitcoin is an extremely safe method to make an online payment. The best Bitcoin casinos are held to the strict safety standards of the UK Gambling Commission, which requires that operators use some form of encryption technology to ensure data and personal info remains out of the reach of nefarious types.

Bitcoin wallets keep a secret private key which is used to personally sign off on transactions. This proves that the owner of the coin did in fact make the payment. This signature ensures that the transaction cannot be altered by anyone else once it has been completed. That being said the European Banking Authority issued a warning in 2013, which emphasised the lack of regulation surrounding the currency, stating that there is a change, due to its speculative nature, that Bitcoin could be hacked.

Details and Company Information

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Like the currency itself, the info surrounding Bitcoin is extremely cryptic. The currency officially started popping up before 2010. It is a decentralised form of money without a central bank. Transactions are peer to peer without any intermediaries. Bitcoin was invented under the fake name Satoshi Nakamoto.

There are millions of unique users of the cryptocurrency, which can be exchanged for products and services just like any other form of money. Bitcoin and cryptos, in general, have received heaps of criticism due to their untraceable nature. This made it possible for people to use it for illegal transactions at anonymous marketplaces like Silk Road, where users spent cryptocurrencies on things like drugs and even weapons. The site has since been shut down by the FBI. The currency remains resilient.

Bitcoin Scams and How to Avoid them

• Tips to Avoid Bitcoin Scams
• Hold onto sensitive data
• Don’t lose your private keys
• Watch out for phishing emails
• Learn how to spot a scam
• Use reputable contact channels

Bitcoin should be treated in the same manner as any other currency or any other bank details. We essentially mean that you should be responsible with how you handle your crypto related data. Bitcoins are owned and locked by private keys, which act as a signature. If you lose a key, the coins are no longer usable or exchangeable, which could result in a significant loss in funds.

Additionally, many different Bitcoin scams exist. A list of crypto-related scams on the official Bitcoin website include things like blackmail, phishing emails, pump and dumps, ransomware, scam coins etc. Anyone who isn’t 100% sure about how to spot potential scams should just stay away from the currency altogether. There’s less support to available to you than with a banking institute or a company-backed payment system (for instance Entropay) since Bitcoin is a community rather than a full-fledged centralised organisation. The FAQ section on Bitcoin’s website has some supporting material about security. However, there are no real resources in terms of customer support. In case your Bitcoin casino payment goes sideways, your best bet is to turn to the casino operator itself, via a dedicated support channel.

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Bitcoin may be the future, but it certainly isn’t the present. That is why, in our personal opinions, there is probably no real reason to use the cryptocurrency to make online casino payments. The coins are used to remain anonymous, but it is impossible to make anonymous payments at casino sites (unless they are unlicensed). And when chasing after a Bitcoin casino bonus, you’ll often find yourself browsing through T&Cs, instead of taking one of the other deposit options which, frankly, have bigger clout and qualify more often. Because we only recommend the best sites in the UK, we could never in good conscience point you towards unlicensed sites. If you do like the idea of keeping your bank details hidden from casinos, I suggest sticking to e-wallets such as PayPal, Skrill or Neteller. The services are 100% secure and don’t require you to share bank details with casino operators.

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Written by: Harry Kane