Are Bitcoin Casinos Legal?
While the easy answer to this question would be a ‘Yes’, unfortunately, things aren’t that simple in the online gambling world! Many countries are yet to formally introduce Bitcoin-related and even general online gambling regulations, thus making Bitcoin gambling somewhat of a grey area. It’s neither officially prohibited nor legalised in most jurisdictions. For instance, it is illegal to run a Bitcoin casino from a US-based server, but many US residents play at online Bitcoin casinos incorporated and run from outside of the US.
It’s generally observed that the laws are stricter for operators than players. Nevertheless, you should refer to the rules in your respective country before proceeding to play at any Bitcoin casino. Additionally, you can check that the casino has been issued a license by a well-known gambling jurisdiction like the United Kingdom or Curacao. If your chosen platform is regulated by any such jurisdiction, it would most likely operate within its legal framework and would be deemed safe to play at.
Are Bitcoin Casinos Profitable?
It’s worth noting that most users have reported that playing at a Bitcoin casino has its own distinct set of advantages such as possible anonymity, reduced transaction costs, reportedly larger pay-outs, possibly better-winning odds etc. which can all potentially impact your gaming strategy and improve your overall cash-outs.
Other than that, just like any casino platform, you can adopt all possible and valid means to win more, for instance, gaming strategies for specific casino games, bankroll management methods etc.
Key Things to Consider when Choosing the Best Bitcoin Casinos
There are some key criteria you can use to choose the best Bitcoin casinos in 2021. Let’s look at some of these considerations below:
Payment terms – First and foremost, the casino should be accepting Bitcoin deposits and withdrawals for it to be called a Bitcoin casino! In addition, if you desire, it should also be accepting conversions from and to fiat currencies. Basically, the payment terms should be as per your requirements.
Provably fair – A Bitcoin casino is said to be provably fair if you can verify the fairness of its games’ outcomes in real-time. The Bitcoin casino will enable you to use blockchain technology to ensure that the Random Number Generator (RNG) of a specific game works as it is meant to.
Regulated and licensed – You should ensure that the Bitcoin casino you have in mind is regulated and licensed by a well-known authority of a reputed jurisdiction.
Customer support – The casino should be offering round-the-clock customer service (preferably) via multiple channels like email, live chat, social media and phone.
Bonuses – Almost all the reputed Bitcoin casinos offer attractive deposit bonuses today. Many even extend bonuses to new signups. Although it’s a healthy criterion to compare casinos on, you should also pay close attention to other aspects like customer service, user experience and customer satisfaction level.
User experience – The Bitcoin casino should offer a wide variety of games from well-known suppliers like Microgaming, NetEnt, Evolution Gaming, Play’nGO etc. Additionally, these games must be constantly updated and the platform must provide the latest offerings from the market as and when they are launched.