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Discover Provably Fair Bitcoin Casinos

Bitcoin Casinos
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Bitcoin Casinos

Needless to say that Bitcoin and cryptocurrencies as a whole made a great breakthrough in various ways. The revolutionary blockchain technology that lies at its core made it possible to address several pressing issues in the iGaming industry, all at once. It's reasonable to say that the rapidly expanding nature of cryptocurrencies holds so much capacity for changing the future. And the potential that we've not yet explored with regards to how it could transform the entire face of the casino business, is significant.

The rise of crypto casinos, obviously, is fueled by the ability of operators to circumvent the strict requirements for traditional online casinos in the first place. But not everything is as rosy as it seems at first glance. Bitcoin has enabled casinos online to be free of some outdated rules and regulations. It is possible to argue that it has provided fake casinos the means to take advantage of the anonymity that goes along with Bitcoin as well as other cryptos. So, which online casinos are provably fair for real? We will try to answer this question here.

MyCasinoIndex Top Choice Bitcoin Online Casinos

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BC.GAME Casino

Fully Provably Fair online casino represents a decentralized open-source web application, launched in 2019 by Media Games Malta (EU) Limited. This platform accepts a variety of cryptocurrencies and allows users to deposit and withdraw them in a variety of ways. There are different wagering requirements for different sorts of games. Some online casinos may also provide a reload or first deposit bonus. 16 in-house casino games available.

Supported cryptocurrencies: Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Tether, Ripple - up to 50 cryptocurrencies

Register and get up to 1BTC in the Lucky Spin

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Fairspin Casino

This is a blockchain-powered online casino that blends classic games from reputable software developers like Microgaming, NetEnt, etc., with blockchain-powered transparency of gaming data. TruePlay, a platform that provides a ready-to-use blockchain solution for iGaming projects, built a complicated technology to make this happen. The vast variety of slots and online casino provably fair games. Min. deposit $20, wagering is 20 xBonus.

Supported cryptocurrencies: Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Dogecoin, Monero, Dash, Tether, Ripple, TRON

Up to 100% Bonus + 30 Bonus Spins, 1st Deposit Bonus

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7bit Casino

One of the pioneers among crypto online casinos, 7bitCasino was launched in 2014. It has an impressive number of slots, and other games, offers bonuses to entice new players and keep the regulars interested.All of the 7bitCasino games are provably fair. 7bitCasino features flawless customer support and a function called 7Bit Racing.

Minimum deposit: 0.00035 BTC/0.011 ETH/0.028 BCH/0.076 LTC/1235 DOG, and 10 USDT.
Supported cryptocurrencies: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Tether, Dogecoin, Ripple.

100% bonus up to 1.5 BTC + 100 free spins, 1st Deposit Bonus

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mBit Casino

Supported by Curacao eGaming License, mBit Casino is one of the first to offer provably fair gameplay to its players. The Bitcoin casino has a portfolio with more than 2,000 casino games, namely slots, table games, crypto live games and more. mBit boasts of instant deposits and withdrawals and pretty generous welcome and reload promotions to keep you entertained.

Minimum deposit: 0.0002 BTC, 0.001 BCH, 0.01 ETH, 0.01 LTC, 1 DOGE, 1 USDT.
Supported cryptocurrencies: Bitcoin, Litecoin, Dogecoin, Ethereum, Bitcoin Cash

110% up to 1 BTC / 36 BCH / 60 ETH / 160 LTC / 4,000,000 DOGE + 250 Bonus Spins

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RocketPot Casino

More than 3,000 casino games await bitcoin and crypto players. The huge iGaming portfolio is supplied by over 50 software companies with some huge names like Microgaming, Pragmatic Play, Evolution Gaming, Betsoft, Yggdrasil and others. All casino games are provably fair and can be checked for real RTPs without a mere possibility to deceive the player. The data is open.

Minimum deposit: 1 mBTC.
Supported cryptocurrencies: Bitcoin, Litecoin, Dogecoin, Ethereum, Bitcoin Cash, Tether, NEO

100% up to 1BTC + 10% cashback, 1st Deposit Bonus

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What Is Bitcoin Online Gambling?

What exactly is bitcoin? Someone will call Bitcoin cryptocurrency to be some kind of digital gold. Bitcoin or BTC (₿) is a non-centralized digital currency that makes use of a P2P (peer-to-peer) service network to register transactions on a publicly accessible account record database, also known as a blockchain. Introduced in 2008, BTC sparked the movement towards decentralized finance.

Today crypto gambling is unquestionably gaining momentum with the advent of provably fair games, fast deposit-withdrawal payments make this method a top choice. Basically, whether you choose Bitcoin or another cryptocurrency, you will find a pool of online casinos that either accept it as a banking option or provide a crypto integrated games at their lobby.

Cryptocurrencies imply a good deal of benefits for casino operators in their ability to surpass strict rules and offer better service, while iGaming players can have even more advantages in a form of increased privacy as well as lower fees, faster transactions, great bonuses, and the additional security that comes from blockchain technology. Let’s look at them more closely.

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Crypto-Friendly Gambling Sites and True Bitcoin Online Casinos

Bitcoin casinos can be grouped into two categories. The first one will merely accept bitcoin and other cryptocurrencies as payment methods. While the second, on the other hand, has chosen to integrate blockchain technology into their online gambling systems. Smart contracts that are utilized by pure online casinos enable public access to numeric data about casino transactions. This results in increased openness and the opportunity to examine the fairness of game outcomes.

All provably fair games’ mechanics are determined using a Random Number Generator (RNG). RNGs have generally been regulated by third-party agencies like the AGCO to ensure that casinos are not deceiving players. As a result, you don't have to put your faith in the honesty of casino operators or licensors.

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Major Advantages of Crypto Gambling

Everyone has their own logic behind betting with crypto relative to what's important to them. Let’s break down in detail how crypto online casinos, including Bitcoin gambling sites, can outperform traditional and well-known brands.

Quick Payouts Without Restrictions

We must assume that online casino players prefer bitcoin casinos for their speedy deposits and withdrawals that are processed in a split second. It's faster than regular fiat currency cashout, and in most cases, it takes no time. This is possible due to the fact that the casino does not partake in the payment procedure itself - all the magic happens on the blockchain.

Nevertheless, before the actual bitcoin (or another crypto) transfer takes place, you must make a request to withdraw which, as a rule, takes from a few seconds to an hour.

Another lovely advantage is that bitcoin transactions in online casinos have no limits, in fact, meaning that players are free to transfer bigger amounts of Bitcoin, Ethereum, Dash, Ripple, etc, and should not care about the maximum withdrawal limits that other payment methods require.

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No Commission Fees For Withdrawals

Unlike transfers via banking cards and e-wallets, cryptocurrencies like Bitcoin don't need an intermediary that imposes extra charges for deposits or withdrawals. Winnings are yours to keep. Few crypto casinos still may charge a fee to make a deposit. Nonetheless, when compared to average online casinos, these amounts are rather minimal. As a result, bitcoin gaming sites will have the lowest transaction fees. Most countries do not foresee taxes for Bitcoin taxation or regulate crypto in some way.

Anonymous and Private Transactions Guaranteed

When choosing a regular online casino you must be prepared to go through a number of KYC verification procedures to prove your financial identity. This involves sharing personal and financial information such as your name, bank account number, home address, and so on.

In bitcoin online casinos, on the other hand, all you have to do is transmit money from your crypto wallet to your crypto-friendly casino wallet in a form of a blockchain transaction that employs an alphanumeric key instead of your personal data. This is the privacy benefit both for a player and the casino operator - no one else is able to see your details.

Additional Security

All bitcoin transactions are safely sent to the crypto network via the crypto wallet that you have chosen or the exchange. After a transaction is approved it cannot be reversed - it eradicates the possibility of losing money when playing at a Bitcoin casino, just don’t forget to double-check your wallet address and make sure you're using a proven crypto wallet.

Exclusive Bitcoin Casino Bonuses and Crypto Promotions

New crypto casinos (especially crypto-only brands) are promoting the use of Bitcoin and other cryptos in online casinos. As a result, bitcoin gamblers have access to a wide range of enticing bonuses and promotions - usually much more profitable than with regular payment methods.

Safe Crypto Games

Crypto casino sites now give online gamblers the possibility of participating in highly monitored casino games with “engraved” crypto technology, a safe payment method, provable fairness of the games as well as quick withdrawals of winnings. This is possible by making use of the provably fair algorithm built on blockchain technology.

Provably Fair Bitcoin Casinos

We all have concerns over how fair the casinos are, and if this or that slot really represents the RTP that software companies claim. Provably fair means that both the player and the house are treated equally. When joining the online casino table or spinning the slot machine, the gambler must blindly trust what they are offered. You can observe when the croupier deals the cards or how the reels spin in a land-based casino. But who can assert that the game is not falsified when you know that the outcome is generated by some software's random selection of numbers? This concern of the foul play is particularly common, which is why online casinos provide live dealer games.

Blockchains have spawned a slew of ground-breaking innovations, including cryptocurrencies, smart contracts, initial coin offerings, and non-fungible tokens. Provably fair games are what blockchain has offered the online gambling business. But what exactly does it mean?

While the idea behind crypto casinos was to just adopt cutting-edge gaming technology as the payment option. Soon they were fast to address the issue of trustworthiness and applied a new game type known as Provably Fair. Players may now readily verify whether a game's result was fair.

The advent of blockchain technology gave birth to a new generation of real money games. Software companies like BGaming and others started to adopt crypto in their games.Now you can find crypto slots, Bitcoin online sports betting, Ethereum table games, and so on and so forth.

Common Concerns About Gambling in Cryptocurrency

Despite the in-your-face advantages of bitcoin online casinos, no one would blame you, if you’re preoccupied with cryptos stability in the future.
Here are some common concerns that arise while gambling with cryptos.

Largest Crypto Coin Types

If you are not familiar with cryptos just yet, the vast variety of possible options might confuse you a lot. While they all function similarly and may offer comparable advantages, they each have distinct characteristics. Here is the list of the most used and well-known coins that can be used for gambling online:

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Bottom Line

The combination with blockchain tech and casinos online has brought incredible benefits for gamblers who prefer crypto for faster transactions, increased security and anonymity with no withdrawal limit as well as lower fees. The gameplay environment is much more transparent. Although Bitcoin is still the most well-known digital gambling currency with an exchange rate that goes beyond understanding sometimes, you can discover online casinos that accept Bitcoin Cash, and Ethereum slots, Dash dice, XRP live casino, etc.

In the end, with provably fair games that operate using Blockchain technology, players don't need to trust blindly what they are offered and be in control of fairness for every game. Therefore, you can enjoy a relaxing, comfortable, and have fun playing at the best bitcoin casinos without worrying about sloppy betting.

Because the cryptocurrency market is a decentralized field, those interested in speculating in these digital coins should not risk more than they can afford to lose. The volatility of crypto-assets can be extreme, with prices moving dramatically even within a single day. Individual investors may also be trading against highly sophisticated players, making it a risky experience for inexperienced investors. So, be wise and choose the best bitcoin gambling destinations.

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