- How to use Bitcoin to play online slots
- The pros and cons of using Bitcoin
- Where to find the best real money slots
What is Bitcoin?
Bitcoin is a digital currency that is 'mined' on users' computers before being traded. Bitcoin users keep a handy wallet online where they can store Bitcoin. The currency can then be used to buy and sell goods or traded for cash. Only a finite amount of Bitcoin will ever be 'made', and because it is finite the value of Bitcoin will keep on going up. Think of it as a virtual commodity that can be bought and sold for cash. Today, Bitcoin can also be used for playing slots online.
How Online Bitcoin Slot Machines Work
To play Bitcoin slots, first, you'll need to buy some Bitcoin. The easiest way is to buy Bitcoin from an online exchange. Current market rates are clearly displayed on exchange sites, but you're not restricted to buying whole Bitcoins. Instead, you can purchase tiny portions of Bitcoins, called 'satoshis' or 'micro-bitcoins'.
To make a deposit to play online slots using Bitcoin, simply head to the cashier of your favorite online casino and complete a transaction. You can deposit small ‘satoshis’ to your account too. Then you can play Bitcoin slots online.
Different Types of Bitcoin Slots
Bitcoin slots don't differ from any other type of slot machine. The only difference is the method for making a deposit and withdrawal, as you'd use Bitcoin to pay and get paid out, rather than a credit or debit card, bank transfer, or e-wallet.
Therefore, the different kinds of Bitcoin and crypto slots available to you will be dependent on the online casino, as not all casinos accept Bitcoin as a payment method.
Wondering which casinos accept Bitcoin?
A list of our top recommended Bitcoin casinos is listed at the beginning of this page. The online casinos featured have been tested and reviewed by our slots experts and recommended for being safe and secure, accepting Bitcoin for deposits and withdrawals, and providing a large selection of slots to choose from.
Read our casino reviews to find out more.
Are Bitcoin Slots Safe?
If you're new to using Bitcoin to make real money deposits for online slots, you're probably wondering whether it's safe and secure to use for casino deposits and withdrawals.
The answer is yes, because casinos provide secure encryption mechanisms and connections, such as SSL-encryption, to transfer your money online.
Bitcoin adds an extra layer of protection through making the transactions completely anonymous, which means you don't need to enter any personal information on the casino site to make a transaction using Bitcoin. In fact, Bitcoin uses a peer-to-peer network that makes it almost impossible to identify its source.
Bitcoin Pros and Cons
While rival crypto-currencies have emerged, Bitcoin remains the pioneer. Here are some advantages and disadvantages of using Bitcoin to fund your online slots gambling.
Benefits of using Bitcoin
Since there is no 'central bank' like with a credit card provider, players avoid paying any transaction fees when playing Bitcoin online slots. Bitcoin remains one of the cheapest ways to gamble online.
The value of Bitcoin can increase
Bitcoin is finite, like a commodity like oil. Therefore, the value of Bitcoin is generally on the rise. If you keep Bitcoin in your wallet and keep buying and selling the coins, your currency can rise in value. You will still have the chance of winning real money playing slots online.
Remain totally anonymous
With no usernames or card details, you never have to share your personal info with online casinos.
Disadvantages of using Bitcoin
Can be hacked and exploited
There have been numerous stories in the press about criminal gangs using Bitcoin. Money-laundering, fraud, and outright theft of Bitcoin servers have all marred the virtual currency's reputation.
Not widely accepted online
Bitcoin is only accepted at selected online casinos. However, a list of trustworthy Bitcoin casinos is included at the beginning of this page.
The value of Bitcoin can decrease
Don't forget that while you play online slots, Bitcoin is being traded-in cyberspace. That meansif there is a lot of Bitcoin on the market the value can go down. Analysts still don't know what will happen with Bitcoin's value long-term.
Find the Best Real Money Bitcoin Slot Sites
For a new way to fund online slots, Bitcoin is just one of the leading crypto-currencies out there. While this relatively new currency has had its hiccups, it could still be the future choice of gamblers around the world. Bitcoin players can deposit anonymously, safely, and without fees.
You may even find a great welcome bonus when you sign up. Just make a first deposit and have your Bitcoin matched when you play slots. Online Bitcoin games can be played via your web browser for easy instant play, either on a desktop computer or on mobile.
We’ve included our top recommended online casinos that accept Bitcoin at the beginning of this page. These sites have been tried and tested by our slots experts, and are safe to use.
Be Aware! Rogue Casinos
Casino listed in this section haven't passed our meticulous inspections and should be avoided at all costs. We check all of the essential details, including legitimacy, licensing, security, software, payout speed, and customer support.
Bitcoin is a virtual 'crypto-currency' that can be bought and sold online for cash. You can anonymously use Bitcoin to pay for services or funding online slots gambling.
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