Best Bitcoin Casino Sites in Philippines

A bitcoin casino is a gambling platform that allows players to deposit and wager using major cryptocurrencies like Bitcoin, Litecoin, Ethereum and others instead of the conventional fiat currencies. The Bitcoin casino industry has experienced a lot of growth in the Philippines over the past few years, which mirrors the growth in the Philippine Crypto Industry. The government allows the use of cryptocurrencies, and doesn’t have laws prohibiting their use in online crypto gambling. While cryptos are considered an alternative currency, they haven’t gained the status of a legal tender yet. However, the country’s Central Bank Governor government has ruled out plans to ban the use of crypto. Additionally, the government is in the process of coming up with a regulatory framework that will govern the use of crypto across the board, including crypto gambling. But in the meantime, there’s absolutely no reason not to wager in Bitcoin casinos in the country.

Countless Bitcoin casinos have mushroomed all over the internet in response to the cryptocurrency’s growing popularity and adoption. As a player, you should conduct due diligence and ensure you deposit and wager your money in a legitimate platform by assessing the following factors.

Accessibility

You should only register and play in casinos that are legally allowed to operate in your country. This protects you from losing your funds or getting in trouble with the authorities.

Secure Crypto Payments

Most crypto payment methods have end-to-end encryption which means unless you give out your private key, your crypto is constantly safe. Ensure the crypto also has SSL encryption to minimize the chances of data compromise.

Speed of Payments

Reliable casinos approve payments instantly, as long as you have provided all the documents stipulated in the terms and conditions. Therefore, you should choose a casino that approves payments fast, and doesn’t drag out the KYC process.

Fast Deposits & Withdrawals

Typically, crypto deposits and withdrawals are instant. You should check and ensure that your casino of choice offers speedy withdrawal approvals and transactions.

Crypto Regulations in the Philippines

Cryptocurrencies have been a contentious issue in different parts of the world. Now that you are going to gamble with BTC, you must understand what the local law says about crypto. If the law restricts digital coins, you may still be able to find some legal gray areas. For example, China has banned crypto and all related services but left a loophole that protects ownership. That means the Chinese can legally own virtual coins and sell them to anyone. They only get into trouble when they try to set up a crypto business.

Gambling Regulations in the Philippines

You also need to familiarize yourself with the local gambling regulations fully. Answer questions like:

• Is gambling legal?
• If yes, how does the law define it?
• What are the limitations?
• Are there any gray areas?

Gambling is highly restricted worldwide, but some governments have allowed it in particular zones or under strict supervision. For example, Thais may not wager on local land-based casinos in Thailand. Still, they are not restricted from online gaming as long as the provider is offshore and complies with its regulations. We will discuss more about gambling regulations shortly. Continue reading.

Crypto Bonuses & Promos

The bonuses and promotions increase your bankroll for gaming activities. Choose a casino with a lucrative welcome package, reload bonuses, rakebacks, cashbacks and other promotions that constantly put some coins into your account.

Low Crypto Banking Fees

Banking fees affect the total amount you get for wagering and also the amount you cash out at the end of the gaming process. Choose a casino with low or no banking fees.

Fair Deposit & Withdrawal Limits

Some casinos have low minimum deposit and withdrawal limits, meaning that you can wager with as little as possible, and also cash out your earnings, whether small or big. The higher withdrawal limits can be restricted if they are low, especially for high rollers. Choosing a casino with high maximum withdrawal limits will save you the trouble of waiting.

Wide Range of Crypto Games

A wide selection of games means you have the opportunity to sample until you find the one you’re good at, and win substantial earnings from it. Casinos with multiple games from suitable providers are the best.

Wide Range of Crypto Betting Markets

The sportsbook section is most interesting when it has a wide range of markets. They provide games to wager on regardless of the season.

Bitcoin Casino Software

Bitcoin casinos are built a little differently from the regular casino, especially because of the provably fair games, the RNG technology, crypto deposit and withdrawal options. Choosing blockchain and web3 based casinos will improve your gaming experience.

Bitcoin Casino App

Mobile apps are convenient because they allow you to take your favorite games wherever you go. You should choose casinos with a mobile app or at least ensure the web version is adapted for mobile gambling.

Good Betting Features & Resources

Great casinos also offer a variety of features and resources such as reasonable odds, live betting, and other types of bets.

Where & How to Buy Cryptocurrencies for Gambling in the Philippines?

You will need to purchase cryptocurrencies for your gambling if you don’t already have them. The next thing will be to transfer them in your wallet, for safe storage until ready to transfer in your wagering platform.

Crypto Wallets

Crypto wallets are special programs for the safekeeping of virtual coins. They can come as online wallets, desktop platforms, mobile apps, or hardware wallets. Learn more about this exciting topic in our Crypto Wallets Guide. If you’re new to this, we recommend starting with a hot wallet. It’s simple to use, although it carries a risk of hacking. So make sure to activate all security features if you will go with this option. Alternatively, a mobile wallet like Trust Wallet will be more secure. It’s a little bit complicated and will require patience in learning to use it.

Once your wallet is set up, transfer cryptocurrencies from your exchange into the wallet. You will need two things:

• The receiving address, in this case, your crypto wallet
• Access to the “Send” page of your exchange
• Simply copy the receiving address to your clipboard
• Log into the exchange where you bought virtual currencies
• Press the “Send” button
• Paste the copied address in the receiver’s address field
• And complete the process

How to Register with a Bitcoin Casino?

Bitcoin casinos typically have the most straightforward registration process. Here are the steps to follow when registering at Vave Casino.

1. Visit the casino website and click on the sign-up button at the top of the page.
2. A registration form will pop up, requesting for your preferred nickname, email address and password.
3. Fill in the details and accept the terms and conditions.
4. If you have a promo code, you can enter it in the space below the password.
5. Your account will be open immediately you click the sign up button.
6. You can head to the cashier section, choose your cryptocurrency settings and make a deposit.

How to Deposit?

Funding your BTC casino in the Philippines is easy. The process is similar to transferring crypto from the exchange to your wallet. Only that this time the funds will be leaving the wallet to another platform.

1. Select your preferred Bitcoin Casino in the Philippines and sign up
2. Log in, visit the payments page, and press the “Deposit” button.
3. Select crypto as the payment method, and specify the exact coin, e.g., Bitcoin
4. Your platform will generate an address. Copy it to the clipboard
5. Sign into your wallet, and hit the “Send” button
6. Select the specific crypto to send, e,g. Bitcoin
7. Paste the receiver’s address in the right field
8. Complete the transaction. Funds should appear on your casino account’s payment page shortly.

How to Withdraw?

Now that you have already performed two transactions, withdrawing funds from the casino should be easy. It’s the reverse of funding your account.

1. Visit your payments page in the casino account and click on “Withdraw.”
2. Specify the coin you want to cash-out
3. Specify the crypto wallet, select the coin you want to receive
4. Hit the “Receive” button and copy the generated address
5. Paste the address in the “Receiver’s Address” field in your casino account payment page
6. Complete the transaction and wait for your money to hit your crypto wallet
7. You can later send the coins to an exchange and sell them for fiat

What is the Overall Best BTC Casino in the Philippines?

Fortune Jack: The Overall Best BTC Casino in the Philippines

It’s crystal clear from this article that Fortune Jack has no close competitor. It’s the only one offering a trial account where you can gamble without investing a single coin from your pocket. This is a good chance to hone your skills and familiarize yourself with the gambling environment. What’s more you get free real spins to use, meaning you can already start earning real money. It gets better once you fund your account, 6BTC welcome bonus, ongoing weekly and monthly promos await you. Though you will only have a relatively small games library of less than 2000, the operator has a good mix of the best classic and new titles including provably fair ones, and a big live casino of more than 100 tables. All titles are sourced from 26 top providers, led by Microgaming which supplies 600+ games. Having excelled in the casino industry for close to a decade, Fortune Jack scoops a 4.9/5 reputation and security rating from our experts.

What is the Best Mobile Bitcoin Casino in the Philippines?

BC.Game: Best Mobile Casino in the Philippines

BC.Game is the best mobile casino in the Philippines. Its dark-themed background gives it an attractive look and also enhances concentration while gaming. BC.Game, like many other crypto gambling sites, has no mobile app. However, it has invested in developing a world class mobile browser platform that’s highly responsive, fast and error-free.Navigation is easy and seamless. The loading time during this review was amazing, and all the games we tested were highly fluid. It has sensitive touch capabilities to give you an edge just like a player using the PC site. Set it up on your browser for easier access and enjoy gambling on the go.

The Philippine government has recently implemented a law that requires everyone transacting crypto to pay 15% capital gains tax. This move is aimed at regulating the local digital asset market, which is growing at an exponential rate. Its implication is that any profit you make annually through trading, and other crypto transactions should be reported when filing annual tax returns.

This is an excellent move because it’s creating clarity and transparency, and also opening the doorway to mainstream cryptocurrencies even more. Therefore, you should be prepared to declare capital gains on your crypto profits, including online gaming.

It’s always advisable to check certain features before downloading a casino app. Here’s a checklist of the qualities you should always look for:

• Legitimacy and Security: The first place to check for legitimacy should be the casino’s website. If they have listed that they have a downloadable app, follow the link and download it. Also, check the reviews left by those who downloaded the app before. They’ll help you determine whether it’s legitimate or not.
• Crypto Compatibility: The app description and details normally include information on the cryptocurrencies it allows. Check the list and choose apps that have the common and easy-to-access cryptocurrencies.
• User Experience: UI and UX design are another key characteristic to assess when choosing an app. Many apps have subpar user interfaces, which makes it difficult to navigate and play games. Choose apps that are optimized for a simple and pleasant user experience.
  
• Game Selection: The primary reason people register in casinos is for the gaming experience. You should capitalize on apps that have a wide selection of games for the best gaming experience.
• Transparent Gambling Policies: You should also check the app’s terms and conditions to determine whether they’re invested in provably fair games, RNG technology and responsible gambling practices.

While gambling is all about entertainment, we can’t ignore that it can also make you lots of money. As a Filipino, understanding the future of digital coins in your country will help you position yourself appropriately for long-term profitability. Assuming the virtual government currencies are illegal, you can find other ways of gambling with Bitcoin, like signing up with a casino that offers fiat to crypto exchange services.

The Philippines is inching closer to regulating online BTC casinos every day. Pretty soon, there will be a proper structure for licensing local firms to offer crypto gambling. Until that happens, you can use any of the top offshore platforms. We know how tough it can be to find a legit offshore operator, so we made this guide for you. Rest assured; we put in all our years of experience to select the best sites for you. The ball is now in your court. Double-check the bonuses offered, game types, and payment methods from our review, then pick your favorable operator and start wagering.

In this section, Eugene Abungana will address your inquiries and the most common questions regarding Bitcoin Casinos in Philippines and offer guidance to newcomers in the field. Feel free to submit your questions through our contact form, and we will strive to respond within 48 hours.