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Bitcoin casinos is a rather comprehensive term, because nowadays most online casinos allow you to deposit with bitcoin, so the boundaries have become more and more blurred. The biggest difference is that in some casinos, after making a payment with bitcoin, the amount paid, or our balance is displayed in USD, EUR or other traditional currencies. In such a so-called bitcoin-friendly casino, a deposit process takes place as follows:
In the first step, we enter
the amount you want to pay. Then, on the front page of the casino or bookmaker, the amount of bitcoins to be transferred
appears on a small screen, and a BTC address to which we must send our bitcoins. In order to make the transfer easier,
there is usually a copy button next to the address and amount fields. Clicking on this automatically copies the data in
the fields, which is indicated by the system changing the copy key to copied. We perform this operation with the bitcoin
address and the amount to be sent, that is, we actually perform a simple copy-paste operation (two to be exact) when we
paste the data into our bitcoin wallet. To make this process even more convenient for online casinos and bookmakers, the
data containing the details of the transfer are often displayed in the form of a QR code. Here we will see a QR code only
on the screen because it contains all the data. Anyone who has a suitable tool at their disposal can use this method to
simplify the transfer process even more. After starting the transfer, the amount of the transferred bitcoin will appear in
the casino or bookmaker's balance in the form of a traditional currency corresponding to the current exchange rate, usually
10-30 minutes later.
In the best casinos, we can
already have a separate balance of money and bitcoin, which we can refer to and make withdrawals from at will. In these
cases, the bitcoin transferred to the account will not be converted into USD, EUR or other traditional currencies.
According to our
observations, bitcoin first spread in the best casinos in the United States, and only then began to spread more and more
in "European" casinos. And the sites running specifically under the name bitcoin casino only appeared after that. Bitcoin
provides some anonymity to those who choose this method as a means of payment, which is a very advantageous feature
compared to other payment methods. Of course, this does not mean that we should not register in an online casino or
bookmaker and provide personal information. By relative anonymity, we mean that you do not have to provide such sensitive
data as e.g. bank card details. Especially because we have to make our payments using the same method when paying by bank
card. In such cases, online bookmakers and casinos often ask for a photo of the bank card in question. It is true that in
this case, as written by the casino, we usually have to take the photo by covering the middle 6 digits, but the majority
of people prefer to keep their bank card information to themselves.
In addition to making payments
with a bank card and bitcoin, we can make payments in a number of other ways. A very obvious way for players to deposit and
withdraw is to use skrill and neteller online wallets. These wallets are also suitable for many other payments, or we can
also send money to another skrill account. This does not mean that we can transfer funds between our own skrill and neteller
wallets. A person can have only one skrill and neteller account, just like in online casinos. However, we can transfer money
from one to the other very easily between our Neteller and Skrill accounts. In the case of a deposit made from a skrill or
neteller wallet, similarly to bitcoin and a bank card, we must use the same withdrawal method here. In such cases, online
casinos usually ask for a snapshot or pictures (printscreen) of our skrill or neteller wallet. The plural is because we
have to make one of our account data, which shows our name, address, and e-mail address, and another of the payment.
In addition to the above,
paysafecard is a payment method found in all the best online casinos. If we want to make a payment using this method, we
must first go to a store that sells paysafecards and buy one. The list of shops and gas stations selling paysafecard can
be found on the official paysafecard website.
Ecopayz is also a very popular
payment method. The only disadvantage of this is that it cannot be used as a deposit method in online casinos in all countries,
or for those who prefer sports betting to bookmakers. The use of this is not prohibited by the casinos, but by the rules of
As you can see in the example
above, online casinos, and of course their players, need to offer a variety of deposit methods. The great advantage of
bitcoin and other cryptocurrencies is that they can be used by residents of any country. There are many other payment
methods: Qiwi, Yandex, Webmoney - these are e.g. popular among Russian players are Zimpler, Klarna, Idebit, Instadebit,
Sofort, Neosurf and many others.
Let's take as
an example the deposit options of bitcoincasino.io, which are very popular among players.
We have 19 payment options available in the casino: bitcoin, dogecoin, ethereum, bitcoin cash, tether, skrill, neteller, paysafecard, ecopayz, litecoin, visa, mastercard, klarna, neosurf, instadebit, idebit, qiwi, interac and interac-e transfer .
The casino now offers its prospective customers a very favorable 100% welcome bonus of up to 4000 EUR/USD. In addition, this bitcoin casino has a second and third deposit bonus, respectively. also offers weekend reload bonuses for existing players. In addition to the bonuses, there are also free spins, and the wagering requirements are also very favorable (we must wager the bonus amount 40x before initiating a withdrawal).
Online bookmakers and casinos have different licenses. The strictest is the regulation of the UKGC, i.e.
the United Kingdom gambling supervision, which is why several casinos have withdrawn from the United Kingdom
and are still withdrawing to this day. This authority supervises all areas of gambling in the UK: sports betting,
lotteries, casinos (whether land-based or online casinos). Any online casino that does not operate with a
license from the UKGC usually falls under the jurisdiction of Malta or Curacao. In these countries, the
chances of finding a legal remedy if we have a problem are almost zero. The UKGC operates such an
organization which deals somewhat with complaints.
Casinos and their fraud are practically as old as each other. This is a two-edged thing because frauds can occur both on
the part of the casinos and the players. In the case of players, this usually manifests itself in the fact that they
register several accounts for multiple use of a deposit bonus (multiaccount). Nowadays, players of online casinos and
bookmakers have to go through such a strict control process when their funds or they request the withdrawal of their
winnings, whether it is their own deposit or money won from a bonus, that it has practically become completely pointless
to take advantage of the opportunities provided by a bonus with this method. This is also supported by the fact that there
are many online casinos and bookmakers offering good bonuses, so if we were to play with bonuses every day of the year, we
wouldn't have time to use them all. Nowadays, this multi-account thing has become more of a tool for casinos to have
something to refer to in the event of a bigger win, if the casino doesn't want to pay it. What can the casino player
do against it, or how can he defend himself against it? The answer is no way. You can send e-mails, threaten reports,
but it is completely meaningless. In the case of UKGC-licensed online casinos, this is still possible, but in the case
of online casinos with Maltese, Curacao or Gibraltar licenses, it is almost completely meaningless.
There are legends about how it played out and how a long process of cheating ended in the age of gangsters, when there were
no online casinos. According to them, the first time the guest was asked to leave the casino and not to return. If he did not
comply with this request and was caught cheating a second time, he was hit on the hand with a hammer. And if even that wasn't
enough of a deterrent, in the third case, the guest could easily find himself in the Nevada desert with a spade in hand.
Of course, this is probably just a legend, in any case, there weren't as many casinos then as there are today.
Fraud on the part of online casinos and bookmakers: reliability is a non-negligible aspect when reviewing online casinos,
because there are people who play with big money, and an unjustified account closure or account blocking can have consequences
that affect all other areas of life. We only present the best of reliable and tested online casinos on our pages, but imagine
someone who is completely new to online casinos and bookmakers. You often see ads promoting a bookmaker where it is a daily
occurrence to close accounts and confiscate the amounts on them, even if it does not come from a prize, but from a deposit
made by the player. We look at any sports forum, site dealing with online bookmakers, casinos, the page is full of
complaints about the unfair behavior of the office. The real problem is that someone who is inexperienced in the subject
registers with the bookmaker, which will later cause him a big headache, which he cannot even foresee. And it is a shame
for the profession that, meanwhile, the bookmaker in question is sponsoring football teams such as Barcelona, Liverpool,
and Chelsea from the money confiscated from the players. Of course, you might think that this is because that bookmaker
has a larger customer base, but interestingly, there are online bookmakers with the same customer base, but we have
never encountered a single complaint about the bookmaker.
In the following, we will examine how a withdrawal takes place at the 1xbet bookmaker:
In the most fortunate case (which we believe is also the rarest case), we submit the documents necessary to verify our account, they are approved, and we receive our money within a short time. This is necessary so that, despite the many complaints found on the Internet, there is someone who stands up for the "good reputation" of the office. A withdrawal process works like this in every other honest and reliable bookmaker.
In a less fortunate case, the process is not so simple (this usually happens when we want to withdraw a slightly higher amount than in the previous case) The office asks us to contact him via chat and then send him a selfie with our ID card as our face next to it, and the chat conversation is visible in the background. The next event in this case is usually that we receive an e-mail in which we are told that the image is blurry, we cannot accept it, or the e-mail contains a request to send a notarized copy of documents proving our address and identity in an envelope to an address in Russia, which may not even exist. This is a good practice for 1xbet, because many people prefer to leave it all to themselves and book it as a loss.
In the most unfortunate case, what happens is that we ask for a withdrawal and our account is blocked. (this option occurs when we want to withdraw a higher amount) In such cases, they either refer to, if they refer to anything at all, that our account was hacked, why we didn't keep our password safe, or they don't talk to us at all. Of course, we understand that they have to create the money from some source that they can proudly hand over to Barcelona, but this is not the way to do it.
Thus, based on the above, everyone should consider whether to register at the 1xbet online bookmaker. Of course, this is just our individual opinion, you can try your luck, but there are other ways.