One stop shop for Bitcoin casinos
Welcome to CoinBuzz, the home of Bitcoin gambling and the only source you need for quality Bitcoin casinos.
That’s where we come in. At CoinBuzz, you’ll find all the information you need on cryptocurrency gambling, helping you to make smarter and more profitable decisions.
A Welcome Bonus has been the tool of choice for online casinos seeking to get new players on board. Often provided in the form of a matched deposit bonus, these offers are designed to encourage you to make a big deposit and to spend a long time playing the casino’s games and familiarising yourself with its features.
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A no deposit bonus is exactly what it sounds like. You can sign up to an online casino and get some bonus cash without depositing any money. The amounts offered by these bonuses vary and are typically tied to fiat currency sums as opposed to cryptocurrencies.
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Free spins bonuses are some of the most common and the most varied in the online casino industry. A free spin bonus can be offered in addition to a welcome bonus or even in lieu of it. In such cases, the spins are typically worth very little but there are usually a lot of them.
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Bitcoin transactions are instant if the payment is processed straight away. But this isn’t always the case.
As soon as you make a withdrawal, the payment will go into pending status, during which time the casino will run some checks. This period may last for an hour or two; it may last for several days. When it is over, the coins should be in your wallet in a matter of seconds.
Payouts differ from casino to casino, but generally, they are a lot more generous on Bitcoin casinos. These casinos typically focus on the high-roller market and this, combined with the limitless nature of Bitcoins, means low limits are rare.
The majority of casinos have limits, even those advertised as “Unlimited”. You just have to look hard to find them. Check with our Bitcoin casino reviews to see these limits for yourself. You can also find this information in the casino’s terms and conditions.
In the early days of cryptocurrency gambling, most Bitcoin casinos used this currency and no others. They catered solely to digital currency players and rejected all other methods. The iGaming industry was split in two, with one side recognising the future of this currency and the other ignoring it entirely.
These days, the divide has narrowed and many Bitcoin casinos accept other methods. We’ve also seen an influx of traditional payment method casinos embracing cryptocurrencies.
It depends on the casino. For the most part, the answer is in the affirmative. A casino needs to be regulated by an official authority for it to operate legally and to acquire games and payment methods from major iGaming aggregates.
However, the ease-of-use and accessibility provided by Bitcoins allow many casinos to skirt these rules. They may use questionable proprietary games and avoid regulation, with the sole goal of scamming you. Fortunately, these sites are incredibly rare, and it’s very easy to determine the legitimacy of a Bitcoin casino.
Just look for the regulatory badge, make sure it carries an SSL, and look for major gaming providers like Microgaming, NetEnt, Playtech, and Betsoft.
Most casinos prevent you from withdrawing with a different method from the one you used to deposit.
They don’t do this just to make life difficult for you. It’s a basic anti-fraud and anti-money laundering feature. Simply put, it would be easy for someone to use a stolen credit card to make a large deposit and then instantly withdraw it all onto an untraceable payment method. By keeping withdrawals the same as deposits, casinos can prevent this.
There are often some exceptions but for the most part, you should be prepared to withdraw with the same method you used to deposit.
Casinos should not charge you as they won’t incur any fees from using Bitcoin. However, some of them charge you for repeat withdrawals.
For instance, many casinos will allow you to withdraw once for free in a specific period (usually 24 or 48 hours). If you make additional withdrawals in that time, you will be charged a fee, often levied as a percentage of your withdrawal.
Bitcoins have gotten a lot of negative attention in recent years, as you would expect for something that goes against the grain and gets under the government’s skin. It has also been used for illegitimate purposes, but only because it’s quick, easy, and anonymous.
The same thing happened with Western Union many years ago and it very nearly happened with PayPal as well, only PayPal was strong enough to bounce back. Just because a payment method is used for illegal purposes doesn’t make it illegal, otherwise, cash would be the most illegal method of all.
For many players, yes, but there are too many variables at play here and it all comes down to what you want from a payment method and what sort of casino player you are.
If you prioritise speed and anonymity, you’ll struggle to find anything better. If you want something a little more centralised and connected to your bank account, you’ll be better off with a debit card or web wallet.
Unlike PayPal, you can’t contact the provider if your Bitcoin transaction fails, but you don’t need to and there is always someone who can help.
If you’re struggling to purchase the coins, contact the exchange you’re buying them from. If you’re struggling with the withdrawal, contact the casino. Providing you’re using the right information, you shouldn’t have an issue with the deposit. Everything is self-explanatory, quick, and easy.
Bitcoin was the first cryptocurrency. It is also the biggest and the one that online casinos use the most, but it’s far from the only digital currency available in the online gambling industry.
Players can also use currencies like Litecoin, Dogecoin, Ripple, Ethereum, and many more. These work in much the same way and can be purchased from exchanges, but they all have different values and are based on slightly different infrastructures.
Bitcoins can be used on sports betting sites, online casinos, online retailers, and auction sites. You can also use them as an investment tool. There is a finite number of these coins in existence and many experts believe that one day Bitcoins will be worth hundreds of thousands of dollars each.
There is no guarantee that will happen, of course, and that’s the problem with all investments. But if you want a payment option that can be used to purchase many different services and products and can be converted into a host of other currencies, Bitcoins are ideal.