Best Bitcoin and Crypto Casinos

As the name suggests, these casinos are online gambling sites that allow punters to wager in BTC. They may also accept other digital coins such as ETH, LTC, DOGE, ADA, and BCH. At times, however, BTC might be the only form of payment on these platforms. They differ from traditional online operators since they don’t accept fiat. Such sites may get central authority regulation to prove legitimacy to clients. Otherwise, they offer high levels of anonymity and security compared to their fiat betting counterparts.

The platforms work similarly to fiat wagering sites, only that all transactions, including wagering, winnings, deposits, and withdrawals, are in the form of crypto. There is an exception: some operators allow you to fund your account with fiat before swapping with virtual currencies. The bottom line is your main betting and transacting currency on the site is cryptocurrency. Crypto casinos tend to have higher levels of fairness and transparency using a blockchain verification method known as a provable fairness system.

We assess and evaluate new crypto casino sites by analyzing 10 different factors:

1. Anonymity
2. Accessibility
3. Fees & Limits
4. Payouts Speed
5. Game Selection
6. Security & Fairness
7. User Interface & Design
8. Secure Crypto Payments
9. Licensing & Accreditation
10. Bonuses, Promotions & Wagering Requirements

We ensure that we verify each of these factors independently and check for fair gaming practices before ranking the sites. We do this anonymously by depositing funds and utilizing all of the online betting features available on these sites. Following this pattern helps us view each online casino from a potential gambler’s perspective and provide a clear and unbiased casino review.

While there is no federal legislation regarding crypto gambling, there are several state laws relating to online gambling in general. Currently, only seven states in the U.S. have legalized online casinos: Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, and West Virginia. These states have specific legislation to regulate online gambling activities within their borders, including Bitcoin casinos. If your state enacts crypto gambling laws, ensure compliance to avoid legal consequences. While a VPN is an option, it is also considered illegal in some states.

Wagering is widely permitted by the U.K. Gambling Commission as long as the operator holds a valid license. While the Gambling Act doesn’t specifically address crypto gaming, casinos that accept digital coins as payment must demonstrate compliance with all AML obligations and act responsibly towards society. If a casino is unable to perform proper KYC on crypto deposits, it risks losing its license. To avoid such complications, many casinos in the U.K. opt to accept deposits in fiat currency but then offer an inbuilt exchange where players can swap their fiat money for crypto if they wish to play with cryptocurrencies.

Operating cryptocurrency casinos in Canada is legal, but following provincial legislation and licensing requirements is critical. Most provinces forbid local firms from providing internet gambling, although gamers can sign up with offshore services. Users can wager with BTC in any legally allowed operator because cryptocurrencies are permitted. Gambling operators’ licenses may be revoked if they fail to follow AML regulations. Players may also face legal consequences if they do not follow provincial gambling laws. Keep yourself up to date on changes in gambling regulations and be compliant if they occur.

In Australia, it is possible to gamble with Bitcoin at certain online casinos, but some strict rules and regulations must be followed. Currently, there are no specific laws regarding crypto gambling. The Australian Transaction Reports and Analysis Centre (AUSTRAC) and the Australian Taxation Office (ATO), which regulate digital coins, classify them as assets, not currencies.

Gambling laws in India vary by state. Generally, wagering is considered illegal across the country, save for a few states like Daman, Nagaland, Goa, and Sikkim. The Public Gambling Act 1867, which widely regulates gambling, has no provisions regarding online or crypto gaming, leaving the issue in a gray area. If you gamble with crypto in the jurisdictions that permit gaming and win, your winnings will be taxed under the goods and services tax. If your crypto gains value while you’re holding it, you will be subject to capital gains tax.

Gambling is strictly prohibited in Indonesia, with both locals and foreigners facing severe legal penalties if caught wagering. The country does not have any licensed casinos, and anyone caught gambling illegally faces imprisonment. Some individuals opt for online gaming, but this can only be done through offshore registered sites, which carries significant risks. Often, players use VPN services to access online casinos, where they can then wager using cryptocurrency. It is important to note that engaging in any activities that go against the law is not something we encourage our readers to do.

In many countries, digital coins are classified as property or ordinary income due to the absence of detailed BTC tax policies. In countries such as the US, earnings from virtual currencies attract a capital gains tax of 0% to 37%, depending on one’s tax bracket. You only pay this amount when selling your coins. You may be subject to both ordinary income and capital gains tax in the UK. Any additional earnings above £12,570 automatically attract at least 20% taxation. If, at the point of sale, you earn more than £12,300 due to capital gains on your coins, the HMRC guidelines require you to file a property tax. You will incur 10% to 20% based on your tax bracket. India classifies all cryptocurrencies as Virtual Digital Assets (VDA) under the Income Tax Act 1961. VDAs are subject to a sales tax of 30% and 1% Tax at Source (TDS). Evidently, there’s no standard taxation procedure employed by all authorities globally. It’s best to consult a tax expert in your country to ensure you are fully compliant with the law.

BTC is stored, sent, and received through digital wallets. Like a normal wallet where you store money, crypto wallet stores coins and keeps the assets safe through cryptography. They can also be hardware wallets which are known for being more secure. Web and online wallets are less secure; however, they have advantages, especially when players move quickly from one casino to another. 

Most BTC wallets, if not all, are password-protected by a string of words called private keys. Therefore, it’s extremely important that each player keeps their private keys safe to prevent third parties from hacking their BTCs.

As the use of cryptocurrencies like BTC continues to evolve, they become riskier to handle. That’s why it’s essential never to share your keys and practice preventive hacking measures.

Here are some tips on how to keep BTC safe:

1. Keep your wallet details and keys safe and private.
2. Use strong passwords, and store them offline, either written on a piece of paper or stored safely.
3. Use a hardware wallet to store most of your crypto savings and only gamble using a hot wallet with less BTC.
4. Ensure your device and internet are secure.
5. Never access websites or emails that seem fishy; always double-check the URL.
6. Play at a reliable online casino that is secured by SSL encryption.

If you follow these tips, you can prevent your BTC from being stolen and play securely at the online casino of your choice.

Every online casino is unique and may be a top choice in one of the above categories, while being less attractive in another. We do not expect them to be perfect in every aspect, but rather to be unique and provide a safe and interesting experience by their own design. With our transparent reviews we give you all the information for you to check if it meets your needs.