A – Z of Bitcoin Casinos

Given the almost complete anonymity and speed you enjoy when using Bitcoins as a payment method, a wave of Bitcoin Casinos have taken the internet by storm making it possible to gamble from anywhere, regardless of whether the casino is available or not in your country. Conventional payment methods require 100% proof of identity, Bitcoin does not. However, gambling with bitcoin cannot be 100% anonymous, though it does offer you a strong, extra layer of protection. Do keep in mind that if you wish to be totally anonymous by using the digital currency, you will need to find an anonymous casino that does not require you to create an account or enter personal information such as your email address, name, or payment information.

Bitcoin, Anonymity, and Trust

On the bitcoin network, all transactions are recorded forever, on a public ledger known as the Blockchain. Therefore, at any given time anyone can easily access the transactions made by a bitcoin wallet. However, there is no way to prove that an address belongs to a certain person, what was purchased or the real details of such payment, as the blockchain network is mostly made up of strings of letters and numbers.

Best Bitcoin Casinos for gambling

These are some of the best bitcoin casinos out there with each of them having what makes them peculiar.

  

Rank 1

Best Bitcoin Casico, Bitcoincasino9.65
Read Review
Bonus
100% up to
5BTC
+10 Free Spins
Key Features
• US Players Accepted
• Mobile-friendly games
• 24/7 player support
• Instant Payouts
CLAIM BONUS

Rank 2

9.62
Read Review
Bonus
100% up to
1BTC
+50 Free Spins
Key Features
• Provably Fair Feature
• Slotscoin Themed slots
• 24/7 Customer Support
CLAIM BONUS

Rank 3

play on fortune jack casino9.61
Read Review
Bonus
120% up to
250mBTC
+50 Free Spins
Key Features
• Instant Withdrawal
• Jackpot Slot 208 BTC
• 24/7 Customer Support
CLAIM BONUS

Rank 4

mbit casino9.28
Read Review
Bonus
110% up to
1BTC
+ 50% Reload Bonus
Key Features
• Over 1000 Casino Games
• Instant-play Gaming
• Nice Mobile interface
CLAIM BONUS

Rank 5

1xbit Casino9.10
Read Review
Bonus
100% up to
0.5BTC
+ Cash back
Key Features
• High Betting odds
• Live Casino Games
• Licensed & Regulated
CLAIM BONUS

Rank 6

Bitstarz Casino9.01
Read Review
Bonus
100% up to
1BTC
+ 180 Free Spins
Key Features
• Best Slot Games
• Trust Worthy
• Collection of Bitcoin Casino
CLAIM BONUS

 

In the next post, I would be giving a comprehensive review on each and every one of these casinos mentioned above so keep an eye for that.

The minimum amount that you can deposit depends on the casino of your choice, and how established it is. However, most of the times, the minimum deposit will be 0.0001 BTC, yet different units of measurement such as mBTC, uBTC, dBTC, and satoshis could be used. However, the general amount is the same and low in value. You should check out the terms and conditions of your preferred site in order to learn more about their minimum deposit amounts.

What is Provably fair gambling?

It is a method of verifying the integrity of the casino software and the honesty of the players. Thanks to the Bitcoin encryption, both can be checked with a simple hashed seed. Usually in the past,  before Bitcoin casinos would be at every nook and cranny of the internet, casinos were easily able to manipulate the outcome of their rolls making more profits whilst not being able to be held accountable. A casino could reduce a player’s chances of winning to 0, and not face any drawbacks. However, in recent times, it is almost impossible for Bitcoin Casinos which have chosen to adopt this protocol to cheat their players. If regular online casinos cheat, bitcoin casinos cannot, thanks to random seed number generators, and the provable fairness when gambling.

Basics about Provably fair gambling

Provably fair systems are a great advantage in the gambling industry, but thoroughly understanding the way they work requires more attention. So to be on the safe side, I will go ahead and briefly explain how provably systems generally work. Though there are multiple protocols available on the market, most casinos are based on the following main factors

  1. The server seed
  2. The client seed and
  3. The nonce, which is a number that increases each time you place a new bet.

Firstly, before you start gambling, you will be given an encrypted hash of the server seed, which cannot be changed in the future even by the casino, but due to the fact that it is encrypted, you will also not be able to see it in order to predict your rolls. Apart from the server seed which has already been sent to your browser, the provably fair software will also require a unique client seed, which will be generated by your own browser. You can go ahead and alternate this seed before you start gambling to further reduce the chances of the site tampering with it.

After every bet is placed, the outcome of the roll is calculated by taking note of the client seed, the server seed, and the nonce, which like I said, increases by 1 after every new bet is placed, in order to create a new result.

This sounds fair for sure but how do you verify whether the results have been tampered with in any way? This is where provably fair protocols come into place. The first step is to verify if the hashed server seed that you have received is the same as the unhashed server seed. To get this done, you use a hash calculator, which will help you get the SHA256 hash of the unhashed server seed.

Once you have confirmed that the same seed is being used, you should then go ahead and use a provably fair verifier, as doing all of the calculations by hand, while also taking the nonce into account would be exhilarating and extremely time-consuming. After using the verifier to come up with rolls after each bet, go ahead and check your results in order to see if the same roll number popped up.

The system works by adding up every part in order to generate a unique roll number and then letting players verify by themselves that their rolls are authentic and have not been tampered with.

Things to note before you start gambling

  • Provably Fair Software? Usually, the answer can be found on the Casino’s web page. But there are situations where bitcoin casinos make it difficult to check whether they are provably fair. When one comes across such an ingenuity the best thing to do is to switch to a more specific bitcoin casino. Most provably fair casinos usually take joy in letting everyone know about the system.
  • Is it legalized? Regardless of the payment method used, you should always make sure you are gambling at an established legal casino. Also be sure to research the partners’ network of the casino, professional reviews like this and end users’ opinions.

What other cryptocurrencies can you use?

This mostly depends on what casinos choose to accept! Some of the most popular digital currencies for gambling sites apart from bitcoin include LiteCoin, DogeCoin, Dash, Ethereum, PlayCoin and more. Not only this but bonuses such as the max bonus, second deposit bonus, third deposit bonus, will be granted in multiple currencies.

Gambling disclaimer: Please note that gambling is an entertainment shaft and so it can be very addictive, and so carries financial and mental risk. Players should be fully aware of the risks involved and restrict themselves properly.

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