No deposit Bitcoin casinos 2018 has been praised and criticized. Critics noted its usance metallic element illegal transactions, the large amount of electricity used away miners, price volatility, and thefts from exchanges. Or so economists, including various Nobel laureates, have characterized it as a speculative bubble.
As one would imagine in an industry that is growing exponentially, with a predicted net worth of $66 billion by 2020, competition between online casinos is fierce. However two major casinos in particular – FortuneJack and BitStarz, seem to be leading the way. In our ultimate Best Bitcoin Casino guide, we are going to tell you everything you need to know. By the end of reading it from start to finish, you will be well on your way to understanding why crypto-casinos are causing so much disruption and how players are finally taking back control.
The Anatomy of the Best Bitcoin Casino
Before delving in to the many features and benefits of the underlying technology, it is first a good idea to look at the different types of platforms available.
Long gone are the days of needing to travel to a bricks and mortar casino to play your favorite games. Instead, this can be achieved in the comfort of your very own home, through a number of different devices.
All Bitcoin casinos can be accessed through a standard laptop of personal computer, and most are also available through a smart phone. Not only is this convenient, but it is much more efficient.
Think about the last time you visited a land-based casino. After you’ve put your best suit on and made the potentially grueling journey, you then need to sign in or show your membership card. Next, you’ll then be required to visit the cashier to exchange real-world (fiat) money in to casino chips.
Moreover, what about games like blackjack and roulette? In terms of the former, you could potentially have up to 7 different players on the same table as you, which means that one hand could take as much as 10 minutes! Don’t forget, once you’ve finished for the evening, you then need to que up and exchange your chips back to fiat money! In a nut shell, by using an online Bitcoin casino, you can eliminate the majority of the above steps!
Bitcoin and cryptocurrency casinos such as FortuneJack and BitStarz also offer something called Provably Fair. This is when each and every gaming outcome can be guaranteed for its randomness, through the use of cryptography. The underlying algorithm that supports the Provably Fair protocol cannot be amended, altered or pre-defined by the casino, meaning that the player knows that without fail, every game is fair. Not only this, but the protocol can also be independently verified by third parties, which is an extra safeguard.
For those who prefer the live dealer experience, but still want to remain in the comfort of their home, there are a number of online operators that can also facilitate this too. For example, FortuneJack has a live table section where players can be dealt cards in real-time on popular games such as blackjack, baccarat and even poker. Moreover, if you prefer to see a human being spin the roulette wheel, this can also be accessed at FortuneJack.
So now that you have a better understanding of the different types of casino platforms on offer, the next part of our Best Bitcoin Casino guide is going to discuss the different types of games on offer.
Offered Games
Fundamentally, no matter which Bitcoin casino you decide to use, you will always be able to get the staple games such as blackjack, roulette and baccarat. However, the virtual nature of crypto-gambling has created an opportunity to increase this range significantly. After all, unlike land-based casinos, whereby there are only so many tables or slot machines that can be installed inside the building, there is practically no limit to the amount of games available through software.
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For example, FortuneJack have a significant variety of slots games, all of which have been developed by reputable and well-known companies. This includes popular titles such as Soul Queen, Castle Builder and Sheer Magic! Every individual slot game has its pay-out ratio clearly stated, which don’t forget, is immutable from internal malpractice because of the underlying Provably Fair protocol.
The slots department on offer at BitStarz goes one step further, with more than 850 individual games available. Furthermore, the likes of live dealers, jackpots and of course traditional table games are offer available too. Ultimately, both BitStarz and FortuneJack are unrivaled when it comes to consumer choice.
Both Bitcoin casinos also offer a hugely popular game that goes by the name of dice. The concept is simple. Simply predict the outcome of a cryptographically generated virtual dice, choose your pre-defined betting parameters and then select your stake.
Depending on what you prefer, it is also possible to play both live and software generated poker at FortuneJack. Hands are fast, the outcome is guaranteed for fairness and once again, you don’t need to leave your home. You can also play video poker at BitStarz casino, however they currently don’t offer a live dealer experience on this particular game.
Bonuses
The next part of our Best Bitcoin Casino guide is going to explore what the crypto-casino sector is like for bonuses. It is a well-known fact that traditional fiat casinos are highly competitive when it comes to offering a welcome bonus. This can range from a matched deposit bonus to free spins and in some cases, free gaming credits without the need to fund your account.
Unfortunately, what players are not always aware of is that these freebies, along with other fixed costs such as banking fees, verification departments and money laundering reporting officers, are passed on in the form of higher house-edges. Bitcoin casinos prefer to use an alternative business model, whereby they opt to retain players long-term by offering lower house-edges.
As a result, bonuses are often a rarer breed, although there are still some very tempting offers available. For example, it is possible to get an exclusive 110% welcome bonus of up to 15 BTC at FortuneJack. This amounts to 110% of your first deposit, so if you funded your account with the equivalent of $100, you would receive an additional $110 in bonus credits.
Alternatively, BitStarz also offer a hugely competitive welcome bonus for new players. Although slightly less that its FortuneJack rival, you can still get a 100% matched deposit bonus of up to 1BTC. This also includes an impressive 180 free spins, which can be used on a number of different slot games.
If you are still sitting on the fence as to which is the best Bitcoin casino for you, BitStarz also offer a no deposit bonus, which gives you 20 free spins. This means that you don’t need to fund your account before testing out the slots. If you are lucky enough to make a profit after meeting the minimum turnover requirements, you could withdraw your winnings without having made a deposit.
It is also possible to get reload bonuses too. This is when you get additional bonuses after subsequent deposits. The amounts vary and sometimes you need to deposit a minimum amount. Either way, it’s a great way to top of your balance.
In reality, it is always a good idea to take full advantage of the sign up bonuses on offer, as it is a way for casinos to entice you to their platform. Even if you are not fortune enough to make any money, it does give you a bigger balance to try out their games.
Accepted Currencies
If you are reading our Best Bitcoin Casino guide, you are more than likely looking to play using BTC. However, did you know that you can now deposit, stake and withdraw using a variety of other cryptocurrencies too? This is highly beneficial if you have a particular cryptocurrency that you would prefer to spend.
In effect, the most popular coins that crypto-casinos accept are Bitcoin (BTC) and Ethereum (ETH), however others are often supported too.
FortuneJack in particular accept a total of 8 cryptocurrencies, including Bitcoin Cash, Bitcoin, Dogecoin, Litecoin, Ethereum, ZCash, Dash, and Monero. It is also possible to purchase cryptocurrency (Bitcoin and Litecoin only) directly from the FortuneJack website using your bank card. As soon the payment is verified, the funds will go directly to your account.
BitStarz are also a flexible crypto-casino as they too offer a variety of altcoins to deposit and withdraw with. Interestingly, they also allow you to deposit using a credit/debit card, making them a hybrid casino.
Now that we have explained the different types of cryptocurrencies you can deposit with, the next part of our Best Bitcoin Casino guide is going to discuss the benefits of depositing and withdrawing with a crypto-casino.
Deposit & Withdrawal Process
One of the most significant advantages to using a Bitcoin and cryptocurrency casino is the deposit and withdrawal process. First and foremost, when you open an account, you are required to provide little information about yourself. In fact, in most cases you will only need to provide an email address.
This is in stark contrast to the methods employed by traditional fiat casinos that accept conventional payment methods such as a debit/credit card or bank account. You will need to supply a plethora of information about yourself, including but not limited to your full name, address, date of birth, telephone number and more.
Furthermore, you will also be required to provide to a wide range of documents to verify your identity and address, which at a minimum will include a government issued ID (such as a passport) and a proof of address (such as a bank statement). There is also a good chance you will need to upload a copy of the debit/credit card you used to deposit too.
The reason for all of this red-tape is because of anti-money laundering regulations. So why don’t the best Bitcoin casinos ask for the same thing? This is because of how cryptocurrencies are defined. Ultimately, there is a clear difference between cryptocurrencies and fiat money, meaning that it doesn’t fall within the remit of identity legislation. As a result, there is no rigmarole when depositing, staking or withdrawing funds.
When you deposit in to your account, you will be required to transfer the funds directly in to the operators wallet. The amount of time it takes will depend on the particular cryptocurrency you use, however it will never be more than a few minutes. Deposit fees are also non-existent, other than the blockchain transaction fee, which will normally cost no more than a couple of dollars. However, it is the withdrawal process that cannot be rivaled.
For example, BitStarz casino allows you to withdraw your winnings instantly, with the average cash out time never more than 10 minutes. FortuneJack are also ultra-fast, with withdrawal times also averaging a few minutes. Traditional fiat casinos cannot rival this because of the internal and external checks they are required to do on each player, as well as the 3-5 working day average that it takes for the card issuer to refund your winnings back to your account.
License
In the traditional fiat casino arena, all casinos must be regulated to comply with national or regional regulations. There are a number of jurisdictions that issue gambling licenses, however the most established hubs are Malta, the U.K and Curacao. This again reverts back to the earlier discussion, whereby because fiat money is involved, legislation is tight.
However, there is often a myth that because crypto-exclusive casinos do not involve themselves with fiat money, the entire sector isn’t regulated. On the contrary, although casinos accepting cryptocurrency only do not need to be regulated, some are.
One of these casinos is BitStarz, who is fully regulated by the Curacao gaming board. This is a big statement, which is why it makes our Best Bitcoin Casino list. Although FortuneJack is not yet regulated by a national license issuer, they do hold a Certificate of Trust. This illustrates that the casino are quickly building a very healthy reputation for themselves.
Support
When choosing an online casino to facilitate your gambling needs, it is imperative to first explore the available customer service channels. In reality, most Bitcoin casinos do not have telephone support, however live chat is just as good, if not better. Failing this, then it will be a toss between email and ticket support.
At both BitStarz casino and FortuneJack there is a live chat facility 24 hours per day, 7 days per week. This is great for receiving instant support, instead of having to wait for a customer service agent to email back.
Both casinos are also noted for having great response times, with most queries being resolved without fail.
Verdict
If you have read our Best Bitcoin Casino guide from start to finish, you should now have a really good understanding of the many features and benefits of opting for a crypto-casino over a traditional fiat one. This ranges from ultra-fast deposits and withdrawals, the ability to remain anonymous and the guarantees of trust through the Provably Fair protocol.
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Not only this, but the two best Bitcoin casinos that we have discussed – notably FortuneJack and BitStarz, also offer a variety of welcome bonuses to give you the opportunity to test out their platforms.
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Ultimately, if the current trend continues, then we could see crypto-specific casinos overtaking their fiat money counterparts in no time at all.