Technologies have their moments. They have their entries – often lauded, hyped, and thrusted into new stratospheres – and then they simmer as those technologies find application and influence in business sectors before mainstream adaptation and adoption. And then, only then, do they resurge.
Crypto has followed this course. It’s been a bubbling technology for the better part of a decade with a flurry of interest in 2020 as other use-cases – beyond transaction and speculative investment in the coins themselves – emerged. NFTs, DAOs, smart contracts – it all fed into the ecosystem. Web3, in particular, is the movement intimately tied to this technology, as it looks to create a user-first, decentralised internet – merging ideas like crypto with the metaverse.
Most coins experienced a significant surge in price. Bitcoin, the de facto leading coin, the trailblazer, sat – and continues to sit – atop the pile as the most valuable asset to invest in and hold. It always has had a notable margin over the second-place coin, Ethereum, which promises to have more varied use-cases due to the Ethereum Network. Yet, Bitcoin holds at the top.
Bitcoin’s only use: transactional. It is traded for goods and services. Consumers are seeing why many people are interested in it – pseudonymity, faster transactions, and the decentralised underpinning. This is why more and more businesses are looking to accept Bitcoin – and other cryptocurrencies – as a payment method, opening to the possibility that crypto becomes a standard payment option across many industries, sectors, and businesses in the years to come.
Bitcoin is now one of the most trusted new ways for players to deposit and withdraw at licensed casino sites, as a growing number of reputable iGaming operators have started accepting this legitimate cryptocurrency as a viable payment solution.
Here is a closer look at why consumers might use Bitcoin. We have also included the name of a reputable website that has a list of today’s best Bitcoin-accepting online casinos.
Why do some players prefer using Bitcoin at online casinos?
There are many reasons why a growing number of players prefer using Bitcoin to top up their online casino accounts and then use this same payment method to withdraw their winnings when the time comes.
Like any online casino payment method, it has its advantages and disadvantages, but Bitcoin (and other cryptocurrencies) transactions are known for being quicker than all other payment methods and far more secure with added layers of encryption.
For online casino players, these two reasons alone are why Bitcoin has become their preferred payment method. Let’s take a quick look at the pros and cons of using Bitcoin at online casinos:
Pros
- Bitcoin can be used for deposits and withdrawals
- Bitcoin deposits are instant, and withdrawal transaction times are now quicker than many other withdrawal methods
- Better anonymity, decentralised, so no central authority governs transactions
- Provably fair
- Your payment information can’t be stolen, and transactions can’t be hijacked by cybercriminals thanks to high levels of encryption
- Your winnings could potentially increase in value
- It’s easy to use, and there are often no upper or lower deposit/withdrawal limits attached to transactions
Cons
- Bitcoin is still not universally accepted, especially at UK-licensed casino sites
- Cryptocurrency still has a bad reputation and is regarded by many as unsafe and open to hacks
- The crypto market exchange rates can be extremely volatile
What are the best online casinos in 2024 that accept Bitcoin and other cryptos?
If you want to use Bitcoin – one of the world’s most popular casino payment methods, one of the most trusted sites you can turn to in 2024 is the official JohnSlots.com iGaming review site. It has the latest unbiased reviews for over ten trusted Bitcoin casinos.
However, the sites you can sign up to all depend on where you live and where the casino is licensed because players in some jurisdictions, for example, the US or Canada, may have access to slightly different crypto-accepting online casinos that UK players have access to.
Similarly, Indian players might have access to online casinos that New Zealand players or South African players don’t have access to, and so on.
There are also now several perfectly secure Bitcoin casinos that are classed as ‘universal,’ meaning they accept real cash wagers from players in multiple countries. These multi-jurisdictional crypto casinos tend to have licenses from several of the iGaming industry’s mid to top-tier licensing authorities.
Examples include the following highly recommended Bitcoin casinos (in no particular order of importance):
- Kryptosino
- Metaspins Casino
- Lucky7even Casino
- Art Casino
- Bitvegas.io
- Alexander Casino
- Thor Casino
- Hela bet Casino
- Punt Casino
- Betti Casino
If you want more suggestions for where you can deposit and withdraw using your Bitcoin cryptocurrency, other trusted crypto casinos include PiratePlay Casino, PlaYouWin Casino, Bitsler Casino, and Will’s Casino.
Do Bitcoin casinos accept any other payment methods?
Yes. You will find that most crypto-accepting casino sites welcome a broad range of cryptocurrencies and several other traditional payment methods and alternative payment methods.
Some of the other cryptocurrencies they are likely to accept are Litecoin, Ripple, Bitcoin Cash, Ethereum, DogeCoin, and Tether.
It’s also common for these sites to accept Visa and Mastercard credit and debit cards, digital wallets/e-Wallets, such as PayPal, Skrill, Jeton, or Neteller, direct/instant bank transfers (like POLi, Trustly, or Interac), and various prepaid voucher cards, such as Neosurf, OTT, CashtoCode, Paysafecard, AstroPay, to name a few.
Conclusion
Bitcoin is still regarded as a relatively new form of paying for goods and services online, so it could take several years before it becomes more mainstream and universally accepted as a viable payment solution at online casinos and other websites.
All of the fully licensed and regulated Bitcoin casinos mentioned above have games from the iGaming industry’s most notable providers. Reputable operators control the websites, and SSL encryption software is used to protect your account.
They are free to register a new account with, and at each Bitcoin casino, there’s a guaranteed new player welcome bonus up for grabs. You can also find a secure link to each casino’s official online registration page inside the reviews.
