Bitcoin: Cryptography within everyone's reach

Bitcoin is a completely virtual cryptocurrency, the value of which varies every minute.  

It does not belong to anyone, and you do not need to have a bank account in order to obtain it. In fact, more and more virtual wallets are allowing you to buy Bitcoin. 

Many of the sites on Lucky7Bonus offer this method of deposit and withdrawal. Easy, secure, and fast, this cryptocurrency has revolutionised the world of economics. 

Understanding Bitcoin Casinos 

What is Bitcoin? 

Bitcoin is a decentralized virtual currency, i.e. it does not belong to any organisation. An extraordinary advantage compared to our everyday currency, which is centralized in our banks.  

Unlike conventional currency, the value of Bitcoin changes every minute.  

For example, 1 Bitcoin can be worth €52,500, then go down to €52,459 an hour later, then go back up to €52,635 the next day.  

This is why it's important to look at the variations of Bitcoin and the money you have in your wallet on a regular basis.  

What are Bitcoin Casinos? 

A Bitcoin Casino is an online gaming platform that allows its players to deposit funds with the use of Bitcoin and other cryptocurrencies. 

These modern gaming platforms operate using blockchain technology, offering players a vast selection of both traditional and innovative game titles to choose from. 

Amongst others, these are the most popular crypto payment methods that you will find at online casinos: 

• Bitcoin (BTC) 

• Ethereum (ETH) 

• Litecoin (LTC) 

• Dogecoin (DOGE) 

• Tether (USDT) 

With the many benefits that cryptocurrencies can afford to give online casino players, it is no surprise that Bitcoin casinos have risen so dramatically in popularity in recent years. 

In particular, crypto casinos leverage blockchain technology, thus guaranteeing gaming experiences that are both transparent and provably fair.  

In this comprehensive guide to Bitcoin casinos, we will delve into the many advantages of choosing crypto gaming platforms over traditional casinos, as well as some disadvantages of using cryptocurrencies that you should be aware of. 

How Bitcoin Casinos Work 

Since their introduction on the iGaming market, Bitcoin gaming platforms have revolutionized the online casino landscape. 

These types of online casinos work much in the same way as their traditional alternatives, with the exception, of course, of the inclusion of Bitcoin as one of the methods of payment available. 

Much like with traditional gaming platforms, players must first register their player account and provide the Bitcoin casino with some basic personal information. 

In addition to this, there are several unique features that make Bitcoin online casinos preferable to traditional ones. 

The immense popularity of these types of casinos mainly stems from the anonymity that they provide and the high safety and security features that are employed. 

In addition to this, the bonuses and promotions available at Bitcoin online casinos are typically more generous in value, and the selection of games available are also more geared towards players with different skill levels and gaming preferences. 

Keep reading this in-depth guide to discover the ins and outs of Bitcoin gaming platforms! 

How do I buy Bitcoin? 

The process of buying Bitcoin is very simple and straightforward:  

• All you have to do is create a virtual wallet for yourself.  

You'll have several wallet options to choose from. First, you will have the "wallets" (that's the name given to the virtual wallets) available on your computer: 

• Armory 

• Bitcoin Core 

• Bitcoin Knots 

• Bither 

• BitPay 

• Electrum 

• Wasabi 

You will also have wallets available on your mobile phone, be it Android or iOS. 

• Bither 

• BitPay 

• BRD 

• Edge 

Finally, you will also have the real wallet, i.e. you will have all your money in Bitcoin which will be kept inside a USB stick. 

• BitBox02 

• Coldcar 

• KeepKey 

• Ledger Nano S 

• Trezor Model T 

• Trezor One 

Whether it's for the wallet on your PC, your mobile phone, or the wallet on a USB key, the references given in this article come directly from the Bitcoin.org website.  

Of course, there are lots of other applications to exchange, buy, or sell your crypto, such as Wirex or Coinbase. 

How do I make an online deposit with Bitcoin? 

If you wish to buy BTC, simply follow these steps: 

STEP 1: 

1. First, you just need to go to your BTC account and enter your bank details. 

2. Once you have entered your bank details, click on ‘Bitcoin’. 

3. Then select the ‘Exchange’ option and press ‘Purchase’.  

4. To complete this tutorial, Lucky7Bonus used the ‘Coinbase’ application. Here, you can use Coinbase to carry out your cryptocurrency exchanges or to deposit money at a casino. 

5. Once you have selected this, you will need to enter the amount in Euro that you wish to receive in Bitcoin. 

6. Once you have completed this step, click on ‘Preview purchase’ and you will see the total amount of your transaction, as well as the number of Bitcoins you will receive if you decide to proceed with your purchase. 

STEP 2:  

1. Once you have Bitcoin money in your virtual wallet, go to a casino that accepts Bitcoin deposits and transfers. For a list of safe casinos in the market that accept Bitcoin, please visit Lucky7Bonus.  

2. Once logged into the casino, click on ‘Deposit’ and select Bitcoin, then enter the amount you wish to deposit. 

STEP 3: 

1. Once you have completed the previous steps, a message with a bar code will be displayed.  

2. Take your mobile phone, scan the bar code, and your virtual wallet will open automatically.  

3. The transaction may take a few seconds to 10 minutes to complete. 

4. Once all the steps have been completed, all that’s left is to have fun! 

Pros and Cons of Bitcoin Payment Methods

Advantages of Using Bitcoin in Online Casinos 

Truly revolutionary in the economic world, Bitcoin has many advantages: 

• Bitcoin is decentralized

This means that you will be able to exchange your money from person to person without any bank knowing about it.  

In addition to this, the transaction costs are much lower, and it will be impossible for you to be taxed by the state or others, because all transactions are anonymous. 

• Bitcoin is a world currency  

So, whether you are in Europe, Asia, or Africa, the value of Bitcoin is the same for everyone. 

Moreover, you will be able to exchange money with people from all over the world while avoiding bank charges and all the other taxes that you may be liable to when requesting the same action from a bank.  

• Bitcoin provides complete anonymity

As stated above, all your Bitcoin transactions are anonymous, and no state can come and tax you for your transactions.  

However, if you decide to transfer all the money from your virtual wallet to your bank account, depending on the transaction, your personal bank and the state may charge you. 

As you can see, when you create your own wallet, you will receive a wallet address. This address is completely anonymous and encrypted.  

It is also very easy to deposit and withdraw your money with a Bitcoin wallet. To deposit and withdraw your money, the vast majority of wallets offer the following methods: 

• PayPal 

• Bank Transfer 

• Visa  

• Mastercard 

For example, if you no longer wish to have Bitcoin, sell it as fiat money and transfer it to your bank or PayPal account. 

Note that some wallets even offer credit cards with Bitcoin. Thus, you will be able to pay by credit card in places where Bitcoin is accepted. 

Disadvantages of Using Bitcoin in Online Casinos 

Like all services around the world, Bitcoin also has some drawbacks: 

• Highly volatile currency

Bitcoin is a currency that fluctuates dramatically. 

As you can see, in one month, the value of bitcoin can increase from €50,300 to €53,000. A variation that is impossible to predict, and that makes this currency very volatile.  

It can enable you to make a lot of money as well as lose a lot of money. However, the reason why you would need to sell it is not because the value of Bitcoin would be falling. 

Fluctuations are unpredictable and the Bitcoin you sell when it goes down could be worth double a few weeks later. 

• Maximum care must be taken

You have to be very careful with your virtual or real wallet.  

If you opt for a UBS key, be careful not to lose it, as it will be impossible to recover the money you have on it unless you find it again.  

Also, be careful not to have your wallet information stolen, as all transactions made from a wallet are impossible to cancel. 

• Bitcoin transactions can't be cancelled

As previously stated, it is impossible to cancel a Bitcoin transaction.  

If, one day, you decide to give money to person A, but inadvertently transfer your money to person B's account, you cannot cancel your transaction.  

This is why you should always be very careful if you want to make a transaction from your wallet. 

Popular Games at Bitcoin Casinos 

Slot Machines 

At various Bitcoin online casinos, you’ll be able to find a wide selection of slot machine games to choose from, ranging from classic slots with simple and straightforward gameplays to modern slot machines with highly innovative styles and themes. 

Overall, crypto casinos tend to offer a more personalised and social gaming experience than their traditional alternatives. Here, you will also typically find a variety of original games that cannot be found on any other platform. 

Some of the most popular slots that you can find at Bitcoin online casinos include the following: 

• The Dog House by Pragmatic Play 

• Evil Eyes by Hacksaw Gaming 

• Gates of Olympus by Pragmatic Play 

• Chaos Crew by Hacksaw Gaming 

• Fire in the Hole 2 by Nolimit City 

• Sweet Alchemy 2 by Play’n GO 

Table Games  

Bitcoin casinos offer players a wide variety of table games to shift through, including some of the following game categories: 

• Blackjack 

• Roulette 

• Video Poker 

• Baccarat 

• Craps 

Crypto gaming platforms that have collaborated with a vast range of reputable software providers will have a much larger selection of high-quality game titles to choose from, so keep your eyes peeled for these types of Bitcoin online casinos. 

Whilst the slot machine section of gaming platforms tends to have a much wider selection of games available, a Bitcoin casino with an extensive table game selection is not a rare sight to behold, and we highly encourage you to choose gaming platforms that offer this type of variety. 

Live Dealer Games 

Live dealer games form part of another online casino game category that has risen to immense popularity in recent years.  

Including a live casino dealer and a live stage, the appeal of such games stems from their ability to immerse the player into the game in question. 

A well-thought-out live dealer game enables the player to vividly imagine that he is at the centre of a land-based casino in Las Vegas, cranking the lever on a slot machine or sitting alongside other players against a blackjack table. 

It comes as no surprise, therefore, that this relatively new type of gameplay has amassed such popularity. 

In light of this, various Bitcoin casinos have strived to integrate this game feature into their gaming portfolios and, by doing so, allowing a wide range of players to enjoy this beloved game category. 

Here are some of our favourite live dealer games that we like to play at Bitcoin casinos: 

• Lightning Blackjack by Evolution Gaming 

• XXXtreme Lightning Roulette by Evolution Gaming 

• Treasure Island Live by Pragmatic Play 

• Crazy Pachinko by Evolution Gaming 

• Gold Vault Roulette by Evolution Gaming 

• Sweet Bonanza Candyland by Pragmatic Play 

Bonuses and Promotions at Bitcoin Casinos 

Welcome Bonuses 

Bitcoin casino welcome bonuses are some of the most generous promotions you’ll find. 

These types of offers can only be claimed once by newly registered players of the online casino. 

Able to cater specifically to the needs of crypto users, these types of casinos provide an exclusive gaming offer that can potentially boost your gaming experience significantly. 

A welcome bonus acts as the reel that pulls the player in. It is important, however, to read the terms and conditions of each bonus prior to claiming it.

This is particularly the case for overly generous sign-up promotions that often hide some harsh conditions, some of which can potentially be very hard to follow. 

Reload and Cashback Offers 

Reload and Cashback offers are promotions that give back some of the losses that the player might have suffered during a particularly bad gaming session on the gaming platform. 

These types of bonuses can offer daily, weekly, or even monthly boosts to players, and are often very sought out for their ability to reverse some of the damage wreaked on their wallets.

Keep in mind that these promotions come with several terms and conditions that place limits on the amount of cash that can be rewarded back and the number of times that the player can utilise them. 

Bitcoin casinos, in particular, tend to offer these types of promotions on a regular basis, giving players plenty of attractive bonuses to take advantage of. 

VIP and Loyalty Programs 

Loyal players and high rollers playing at Bitcoin online casinos can take advantage of the exclusive VIP and Loyalty Programs often made available on Bitcoin gaming platforms. 

Here are some of the unique perks and benefits that you can expect to receive:  

• Personalised gifts and rewards 

• Increased withdrawal limits 

• Increased cashback limits 

• Personalised account manager 

• Birthday bonuses 

• Custom tailored bonuses and promotions 

Compared to traditional online casinos, Bitcoin gaming platforms tend to offer VIP programs that are significantly more generous, making it nearly impossible for the player to pass out on. 

Security and Fairness 

Blockchain Security 

Blockchain technology is a decentralized ledger system that offers players unprecedented safety and security on gaming platforms.  

Amongst other perks, blockchain security enables the following: 

• Allows the player to not concern himself with worries of any potential tampering or manipulation. 

• Enhances transaction processing times, making deposits and withdrawals very fast. 

• Player transactions are also much safer and more secure. 

• Offers immutable records of player transactions. 

• It is able to verify the integrity and fairness of online casino games. 

Blockchain security is gradually reshaping the online casino gaming framework and is moulding an iGaming industry that is built on trust and pleasant gaming experiences. 

In this way, provably fair algorithms allow players to put their trust in gaming platforms, contributing to crypto casinos’ rising popularity. 

Licensing and Regulation 

The importance of Bitcoin online casinos being in possession of reputable gaming licenses should not be taken lightly. 

Online gaming licenses are very difficult to both obtain and to then also maintain, making the casinos that have been awarded these licenses very reliable and trustworthy. 

On the other hand, when playing at unregistered online casinos, or on gaming platforms with an expired license, the personal and financial information that you have shared is neither safe nor unbreachable. 

To keep your mind at ease when playing at Bitcoin casinos, always make sure that the casino you choose has been awarded a reputable gaming license, such as from the Malta Gaming Authority (MGA) and the UK Gambling Commission (UKGC). 

Responsible Gambling 

Bitcoin casinos integrate plenty of responsible gaming features and tools that enable their players to play responsibly on their platforms. 

Amongst these tools, one can find the following: 

• Self-exclusion tools: Allow you to temporarily shut down your casino player account. 

• Time limits: These allow you to limit the amount of time that you spend on the gaming platform. 

• Deposit and loss limits: Once you reach your pre-established deposit and loss limits, you won’t be able to continue playing on the gaming platform. These limits allow you to put a stop to your gaming session if you feel tempted to overspend beyond your gaming budget. 

• Bet limits: Similarly to deposit and loss limits, bet limits allow you to only bet a certain pre-established total amount during a specific time frame. Once this total amount is reached, you won’t be able to place anymore bets until the stipulated time period is over. 

How to Choose the Best Bitcoin Casino 

Key Factors to Consider 

Licensing 

If you are thinking of joining an online casino, the first thing that you must check is if it is in possession of a reputable gaming license. 

The lack of such a license guarantees that your gaming experience will be less than ideal, with no certainty that your personal and financial information are in safe hands. 

On the other hand, a reputable gaming license ensures the following: 

• All games in the online casino’s portfolio are fair 

• The platform itself is safe and trustworthy 

• Your financial information will not be breached by any potential third-party threats 

• The casino implements plenty of responsible gambling measures 

• In light of this, we highly recommend staying away from online casinos that lack such a reputable license, and to always ensure that the gaming license in question is both legitimate and maintained. 

Game Selection 

Another vital aspect of any online casino is the game selection that is available. 

The variety of leading software providers that the casino has chosen to partner with is also very significant, as this determines both the quality of the games in question and your enjoyment of your gaming sessions in the long-term. 

In particular, your selection of game styles, themes, and innovative gameplay will be impacted, making it highly likely that you will grow tired and weary of the titles on offer. 

For this reason, it is vital to ensure that both the game library and the software providers available are various enough to suit your specific gaming needs and preferences. 

Bonuses and Promotions 

Whilst the bonuses of an online casino should not be the sole motivating factor for your choice of gaming platform, the value and variety of these casino promotions play a very decisive role in players’ decision to play there. 

Besides the value of the bonuses, you should also look out for the terms and conditions of these promotions, whilst paying particular attention to the wagering requirements being imposed. 

In addition to this, it is important to also consider the variety of these promotions, and if they target different types of players with different gaming tastes. 

Here at Lucky7Bonus, we prefer to play at casinos that offer this variety. We always make sure to read the terms of each bonus prior to claiming it and ensure that its generosity isn’t tied to very high, and therefore unattainable, requirements. 

Customer Support 

Inefficient customer service can impact your gaming experience very negatively, especially if your issues with the platform remain unsolved. 

For this reason, it would also be wise to ensure that the customer support services of the online casino are up to par with your standards. 

Before homing in on a gaming platform to play at, always make sure to read plenty of honest player reviews about the customer support services that they offer, as well as player’s own individual experiences with receiving them. 

Of course, depending on the specific customer support agent that you speak to, your experience could differ significantly from that of others. Despite this, however, these reviews can give you a good idea of what to expect. 

On the Lucky7Bonus website, you’ll be able to read plenty of comprehensive reviews on this subject. 

The Top 3 Bitcoin Online Casinos for 2024 

Nowadays, you will find plenty of well-established gaming platforms that accept Bitcoin deposits and withdrawals.  

However, the iGaming industry is peppered with online casinos that are far from legitimate and therefore some of these platforms may put your money at risk.   

On Lucky7Bonus, you will only find casinos you can trust, all of which are in possession of a reputable gaming license. Here are the top 3 Bitcoin gaming platforms that we recommend:  

Stake Casino 

Stake Casino is a crypto-focused gaming platform offering players a wide variety of excellent online casino titles, as well as plenty of original, in-house products to choose from. 

When placing your 1st deposit with Bitcoin, you can look forward to receiving this generous welcome bonus: 

• 100% match-up of up to €1,000! 

Alongside Stake itself, the long list of reputable software providers available here is impressive, promising a very fun gaming experience for all who sign up. 

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Gamdom Casino  

A massively popular crypto casino, Gamdom is the go-to gaming platform for many players across the globe. 

Featuring both casino and sports betting sections, this platform provides players with a convenient all in one location for all their Bitcoin gambling needs.  

In addition to this, Lucky7Bonus has decided to collaborate with Gamdom to bring you an exclusive welcome offer: 

• Up to 15% Rakeback using the Lucky7Bonus exclusive code: LUCKY7 

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Millionz Casino 

Millionz Casino is another excellent online gaming platform that accepts Bitcoin as a form of payment.  

In addition to plenty of high-quality games developed by some of the leading software providers in the industry, you’ll be able to take advantage of a long list of bonuses and promotions.   

Make your first deposit today to receive this generous welcome bonus with absolutely no wagering requirements:  

• 100% match-up of up to €500 + 100 free spins! 

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Other cryptocurrencies 

Bitcoin is the best-known cryptocurrency on the market, due to its value. However, it is not the only cryptocurrency in existence. 

• Bitcoin Cash (Current value of 1 Bitcoin Cash = €301.98). 

• Litecoin (Current value of 1 Litecoin = €60.09). 

• Ethereum (Current value of 1 Ethereum = €2,382.65). 

These 3 cryptocurrencies, in addition to Bitcoin, are the best known on the market. However, there are currently thousands of cryptocurrency systems in the world.  

Thanks to the emergence of Bitcoin, it is now possible to deposit money with other cryptocurrencies.  

For example, at Millionz, you can deposit money in the following cryptocurrencies: 

• Bitcoin (BTC) 

• Bitcoin Cash (BCH) 

• Litecoin (LTC) 

• Ethereum (ETH) 

• Dogecoin (DOGE) 

• Tether (USDT) 

Whether you are in France, Belgium, Canada, or Switzerland, you will be able to use these cryptocurrencies to deposit and withdraw your money in complete security.  

Please note, however, that this operation is impossible to carry out in certain geographical areas. 

Cryptocurrencies VS Traditional Currencies: Which is better? 

Bitcoin Casinos vs. Fiat Casinos 

At first glance, Bitcoin online casinos appear to be far preferable to casinos that solely offer fiat payment methods. 

One must also take into consideration, however, that the disadvantages of Bitcoin are also massive. 

The high volatility of this cryptocurrency makes it very unstable and unpredictable. Whilst fiat methods of payment offer a more stable currency, users can never remain anonymous online: You must disclose your personal information, making your identity traceable. 

On the other hand, the anonymity allowed on Bitcoin online casinos comes at a cost: The untraceable aspect of cryptocurrencies makes it difficult for customer support agents to aid players when they encounter difficulties on their platform. 

For these reasons, we advise you to keep these considerations in mind when choosing which payment method you wish to use. 

Future of Bitcoin Casinos 

Emerging Trends 

Here are some of the key emerging trends that are likely to come to fruition in the not-so-distant future of Bitcoin online casinos: 

• Significantly more gaming platforms accepting multiple cryptocurrencies as methods of payment. 

• The implementation of more robust and enhanced safety and security measures. 

• Highly innovative gaming concepts. 

• The integration of NFTs. 

• An increase in decentralized gaming platforms. 

• The expansion of Bitcoin casinos into emerging markets. 

• Enhanced anonymity and player privacy. 

Regulatory Developments 

The regulatory landscape is one of the key factors that influences Bitcoin casinos and their future. 

Bitcoin casinos are already experiencing an increase in scrutiny and regulations, and it is highly likely that their future will be paved with even stricter regulatory developments. 

Cryptocurrencies are steadily gaining regulatory clarity around the globe, and thus many more challenges, as well as opportunities, will likely pave the way for the future of Bitcoin casinos. 

Currently, the verdict is split between various jurisdictions: In some areas, very harsh regulations are imposed on Bitcoin casinos whilst, in others, cryptocurrencies are embraced and accepted far more openly. 

Conclusion: Bitcoin Online Casinos 

Due to its anonymity, its low transaction rates, but also because of its irreproachable security, Bitcoin is a sure value on the world market, but also in other online casinos worldwide.  

Faced with the emergence of this cryptocurrency, but also of many others, as it has been possible to see throughout this article, online casinos are positioning themselves more and more on these means of deposits and withdrawals to attract new players.  

Thus, in the coming months and even years, it is highly likely that the vast majority of online casinos on the market will be able to offer you these means of deposits and withdrawals.  

Although Bitcoin is decried by many people, it is a reliable currency, and online casinos are not mistaken in offering it to you.