The 10 Best Bitcoin Gambling Sites for 2024

What is Bitcoin?

Bitcoin is a digital asset that can be purchased at an exchange and stored at the exchange or by using a digital or offline wallet. You can own as many Bitcoins as you like – or even partial amounts of Bitcoin.

One Bitcoin is split down into “Satoshis” – with each Satoshi being worth 100 millionths of a BTC. Because of the high value of a Bitcoin, owning just fractions of a BTC is pretty common.

Bitcoin Blockchain

Bitcoins are powered by a blockchain – which is an open-source code. This is a technology that creates a history of transactions that can be viewed publicly. These are organized into blocks that have been chained together – which prevents outside users from tampering with them. It will also create a permanent record of every single transaction that happens on the blockchain, meaning that everything can be tracked, ensuring complete transparency.

Bitcoin Wallet Keys: Private and Public

You will need to store your Bitcoin in a Bitcoin wallet, which will have a private key and a public key. These work together to allow you to secure your wallet and complete transactions – helping you to safely transfer Bitcoin ownership from one person to another.

Bitcoin Mining and Transaction Validation

Miners validate all bitcoin transactions on the network. They confirm that the new transactions are consistent with previous transactions… making sure that you aren’t spending Bitcoin that you have already spent or trying to spend Bitcoin that you haven’t got.

How to Buy Bitcoin

Bitcoin is the original and most popular digital currency, so it will be available at pretty much every exchange site out there. Some of the most trusted exchanges to purchase your BTC are Binance, Kraken, and Bittrex. Some will allow you to purchase BTC for fiat currency, others will allow you to exchange one digital currency for another and some will allow you both options.

Once you have made your purchase, you can then store your coins in the exchange or in your own wallet.

Storing Bitcoin: Hot Wallets and Cold Wallets

After completing your purchase, you need to decide where to store it – and there are two main types of wallets: 

Hot Wallet

This is an online wallet that can be accessed through your computer, laptop, or mobile. It is an excellent option for anyone looking to make regular online transactions – such as Bitcoin gambling transactions.

Cold Wallet

This is a wallet that is not stored online. You download your coins offline and store them elsewhere. This is a lot more secure than online wallets but not as convenient if you make regular transactions.

If you have a lot of BTC, you may wish to store a small amount in a hot wallet to make your bitcoin gambling transactions and store the majority in a cold wallet.

Using Bitcoin at Gambling Sites

Using Bitcoin at an online gambling site is popular with players because it is fast, convenient, and anonymous. To create a new account at a Bitcoin gambling site, usually you will need to enter only your email address and a password – no name, address, or even banking details.

Once you have registered an account, making a Bitcoin deposit is instant. You simply select Bitcoin as your preferred payment option and make a note of the wallet number you are given. Open up your BTC wallet, enter how much you wish to send along with the casino wallet number, and confirm the transaction.

The deposits are quick – with the time depending on how busy the network is. However, it shouldn’t take longer than 10 minutes.

Bitcoin withdrawals are equally as quick and easy. Just enter your BTC wallet number, how much you wish to withdraw, and confirm. Again, it usually takes no longer than 10 minutes depending on the network.

You’re now ready to use your BTC for gambling in a casino that offers categories like BTC Baccarat games or the newer BTC dice.

Fees

Most Bitcoin gambling sites won’t charge fees for transactions. However, there will be a small fee charged by Bitcoin for the verification and this will depend on how busy the network is.

More Control and Independence

Gambling with Bitcoin gives you more control over your money. You can spend as much as you like, as often as you like, without needing to answer to anyone. Banking establishments may cancel your transactions, block transactions or even freeze your money if they don’t like the transactions you make. This is not the case with Bitcoin gambling. You have much more control and independence.

Because no one is being relied on to approve and verify transactions, you can get playing and withdraw your money much more quickly.  You also won’t need to enter any bank or card details online either, so your personal information is never compromised. Even if a hacker managed to get your crypto wallet address, they can’t use it to access your money or your information, so you remain perfectly safe.

Gambling with Bitcoin

Before you get started with Bitcoin betting, then here are the most important things to consider to make sure you get the best experience:

1. Make sure you check the payment options: Most crypto betting sites will accept Bitcoin, but you should still check what coins are accepted to be sure and to see what alternatives there are.
2. Bitcoin is very volatile: This can affect how much you end up winning  – or losing.
3. Bitcoin transactions can’t be reversed: As soon as you confirm a transaction, it cannot be reversed and you can’t request a cashback. If you make an error or if you change your mind about a betting site then it is too late to do anything about it.

As such, you need to be completely sure that you are playing at a fair and trustworthy Bitcoin gambling site, such as those on our list.

How to Choose Your Bitcoin Gambling Site:

When choosing your preferred site, here are the main factors to consider:

1: Restricted Countries

You need to make sure that Bitcoin betting is legal in your country and that the site you choose to play on accepts players from your country. If you do use a VPN to access a site that doesn’t accept players from your region, they may close your account and withhold your funds if you are caught out – and there won’t be much you can do about it.

2: Trustworthy

Make sure that the site you choose is regulated and trustworthy. Because of the lack of regulation in Bitcoin gambling, this is essential. If you choose one of our recommended sites, you can be assured that you are playing at a trusted and good site.

3: Banking Service

As well as the selection of coins, you also need to look at other factors – transaction time and fees. The best will not add any extra fees and there will be no added processing time.

4: Generous Bonuses

You should look to see that they offer a generous welcome bonus along with good existing player offers and fair terms and conditions to make sure you get more value for your money.

5: Selection of Betting Options

The more betting options you have, the better. Ideally, a good bitcoin betting site should offer plenty of sports and markets, virtual sports and esports… and if they have a good casino and live casino vertical then even better. Or why not try a bitcoin lottery game or one of the BTC live casino options out there.

6: Top Customer Service

You should always feel confident that if you ever have any issues, you can contact customer support whenever you need it and get a good, helpful response. The team should be on hand 24/7 and contactable in several ways such as live chat, phone, email, and social media.

Advantages and Disadvantages of Bitcoin Gambling

Pros:

• Bitcoin gambling sites usually offer more generous bonuses and promotions than standard fiat currency betting sites.
• The amount you win could rise significantly in just a day due to its high volatility, especially on a Bull run.
• You can make your bets in complete anonymity.

Cons:

• The fees aren’t set – so if the network is busy, you need to account for stiffer fees to pay.
• Transactions aren’t reversible or recoverable, so you need to be 100% certain before making a transaction.
• The value of your win could decrease significantly if it is a Bear run.