Bitcoin has come a long way from the moment it first appeared in 2009. Back then, people were hesitant and skeptical about the new digital currency with no physical form. Although some are still afraid to give it a try, the number one cryptocurrency is used in many industries worldwide.
One industry that embraced Bitcoin and all its features is online gambling. Today, dozens of casinos accept Bitcoin as a payment method. Most recently, this cryptocurrency made its way to live dealer casinos. In this article, we’ll talk more about Bitcoin live casinos, how to find them, and the benefits of playing in one of them.
What Is Bitcoin and How Does It Work?
Bitcoin was created to make transactions free from any kind of third-party interference, like banks and other institutions. This cryptocurrency is decentralized, meaning that authorities and governments don’t control its exchange and distribution.
Unlike traditional banking systems that use a central payment processor, like a credit card company, Bitcoin records all transactions in the form of an address and places them in a ledger, also known as the blockchain. The ledger is updated more than a hundred times a day and gets sent to every computer working with Bitcoin.
Now, it may seem unsafe to share the records with every computer. However, Bitcoin technology uses top-rated public key cryptography to encrypt all transactions, making it impossible to falsify, intercept, or misuse any information.
Moreover, all computers involved in Bitcoin exchange and processing go through a verification process to ensure they all use the correct form of blockchain. This process is called mining, and it organizes all transactions in blocks — only those blocks that meet the encrypted demands are accepted.
Each time a computer successfully processes a block, the technology rewards the miner with a fraction of a Bitcoin. Of course, that’s not the only way to obtain Bitcoin — you can invest in it, or you can ask a friend to send it to you in exchange for fiat currency.
Now that we’ve explained the gist of Bitcoin, let’s talk more about live casinos that support cryptocurrency payments.
Traditional Live Casino vs. Bitcoin Live Casino
Since not all live casinos support Bitcoin payments yet, people miss out on some fantastic opportunities found in Bitcoin live casinos. However, before you start looking for a new BTC live dealer casino, let’s see what makes them different from their traditional counterparts.
Here are some aspects that aren’t the same:
- Currency
This is the most apparent difference between the two live casino types. While traditional platforms use government-approved fiat currencies, Bitcoin live casinos rely on blockchain technology to process all transactions.
- Game variety
Although the number of Bitcoin live casinos is still limited, their game lobbies boast a wide range of classic casino games. Some of these games even offer payouts up to 99%, which isn’t something we regularly see in traditional live dealer casinos.
- Transparency
Unfortunately, many online casinos use deceiving tricks to attract players and take their money. Some of these schemes include hefty bonuses, massive rewards, etc. However, Bitcoin casinos are transparent and straightforward, meaning players can easily notice any changes.
- Security
Security is one of the vital aspects of any online gambling platform. Even though traditional live casinos implement high-level security protocols and firewalls, Bitcoin platforms are still safer. As we discussed, the blockchain technology behind Bitcoin makes it virtually impossible for anyone to access your information or money.
Types of Games in Bitcoin Live Casinos
As we mentioned, Bitcoin live casinos feature a rich selection of games that match anyone’s taste. So, if you’re worried that you won’t be able to play your favorite games, don’t be. Bitcoin live casinos provide the same, if not better, gambling opportunities to their players, including:
- Live blackjack — Free Bet Blackjack, First-Person Blackjack, Ultimate Blackjack,
- Live roulette — Lightning, Instant, Speed Roulette,
- Live baccarat — Speed, Bonus Baccarat.
- Live poker — Texas Hold’em, Caribbean Stud, Omaha,
- Other games — Dream Catcher, Monopoly, Crazy Time, Live Crash, Mega Ball,
Of course, before you decide to play any game, check out its bet limits, RTP (return to player), volatility, and additional features. If you’re a beginner, you might want to start with games that aren’t too risky. That way, you can practice and improve your skills without losing too much money.
Advantages of Playing in Bitcoin Live Casinos
In addition to what we already mentioned about BTC (transparency, security, game selection), these live casinos have an extra set of advantages that make them a better option than standard live dealer platforms.
For instance, Bitcoin is decentralized, meaning only you can control the funds, not a bank or any other company or authority. Moreover, Bitcoin transactions are almost instant, allowing you to transfer money quickly and start playing games within a couple of minutes.
In terms of security, it’s important to point out that you can stay anonymous when using Bitcoin. Using a secret name or a pseudonym, you can transfer money without anyone linking it back to you.
To top it off, Bitcoin works on a global level, allowing you to send or receive funds wherever you are — all you need is an internet connection. Finally, Bitcoin transactions come with almost non-existing fees. Depending on the BTC network traffic, the fees will vary, but they are significantly lower than any transactions involving fiat currencies.
Disadvantages of Bitcoin Live Casinos
Naturally, Bitcoin casinos have certain downsides, some of which are:
- Bitcoin’s price is unpredictable and volatile, meaning you can’t know which way it’ll go in the future.
- The number of Bitcoin live casinos is limited. Since it’s still a relatively new payment method, some operators are uncertain whether accepting Bitcoin is a good idea.
- Sometimes, BTC withdrawal might take longer because certain websites process those transactions manually due to security reasons.
How to Choose the Right Bitcoin Live Casino?
If you haven’t played in Bitcoin online casinos before, you might need help finding the right one. Luckily, we’re here to help you out. If you’re interested in starting with Bitcoin live casinos, here’s what you should pay attention to:
- Licensing — a Bitcoin live casino should hold a valid license issued by a reputable regulatory body. Playing in an unlicensed casino can be risky.
- Game selection — if you already have a favorite live dealer game, make sure the Bitcoin casino has it. You don’t want to go through the entire registration process only to find out that you don’t like any of the game titles.
- Bonuses and promotions — most Bitcoin casinos offer specialized bonuses new and existing players can claim. So, check out the Promotions page before signing up.
- Customer support — a casino should offer efficient and reliable customer support to help you out when necessary.
How to Make Bitcoin Deposits and Withdrawals?
Making a Bitcoin deposit is slightly different than funding an account in a traditional casino. Before you start playing in a Bitcoin live casino, you should have a wallet where you’ll store the funds. Dozens of crypto wallets are available on the web, so do a little research, read reviews, and choose the one that suits you best.
As soon as you store your Bitcoin in the wallet, you can make a deposit in a live casino. Here’s how:
- Choose a live casino you like and create an account.
- Go to the Cashier and choose the Deposit option.
- Select Bitcoin from the list of available payment methods and enter the amount you’d like to transfer.
- The casino will generate an address that you need to copy and paste into the wallet.
- Confirm the transaction and wait for it to go through.
- Once the deposit appears in your account, you can start playing your favorite live dealer game.
Making a withdrawal is even more straightforward. The process is the same as making deposits, with one exception — you will copy the wallet’s address and paste it into the designated field of the casino’s Cashier. Afterward, you only need to enter the amount you want to send and confirm the transfer. That’s it.
Bitcoin Live Casino Software Providers
Top-rated software developers supply Bitcoin live dealer games. They create unique and immersive games that simulate real, land-based casinos. Given that there is a limited number of live dealer games, providers work hard to generate eye-catching titles that stand out from the crowd.
Some of the most popular software developers that design Bitcoin-friendly live casino games are Evolution, Ezugi, Vivo Gaming, etc. So, if you find a BTC live casino featuring these content providers, you should expect high-level gameplay.
Final Thoughts
Despite having limited options in terms of the number of Bitcoin live casinos, you’ll have an opportunity to play some of the most exciting titles. No matter if you’re a newbie or a seasoned player, BTC live casinos will give you plenty of possibilities to practice and try out new titles.
One thing is certain, though — more Bitcoin live casinos will appear in the future.