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If you want to learn more about the features that a Bitcoin casino UK offers to the customer, then you have come to the right place. By reading this article, you will learn more about how you can deposit and withdraw money in a Bitcoin casino UK and its merits. Youāll also learn more about the best British Bitcoin casinos. If youāre interested, then keep on reading our Citeulike guide.
Anonymous process of making a deposit and a withdrawal. If you value your privacy ā as you should ā then the use of Bitcoin will be a Godsend for you as you wonāt ever need to write any personal details such as names and addresses.
Big bonuses for deposit with Bitcoin. Some online casinos will reward you with up to Ā£2,000 in the form of a deposit match bonus. This is, we can all agree, not a negligible sum of money by any means.
Safe and secure Bitcoin withdrawals. Safety is one of the most important things that a gambler should look into
Cons
Bitcoin are highly volatile. And to be fair, this is a double-edged sword. If youāre lucky, the value of the currency may spike when you have a lot of Bitcoins in your possession. But if you arenāt lucky, then the value may unexpectedly dwindle at some point, making your Bitcoins potentially worthless.
A lot of uncertainty as Bitcoin and the rest of the cryptocurrencies are unregulated. Perhaps governments all around the world will outlaw and ban them at some point ā making their use a criminal offense. So, you can never be too sure when it comes to cryptocurrencies like Bitcoin.
How We Tested Bitcoin casinos
Many different factors contribute to how good (or bad) a Bitcoin casino UK is. And our experts at Citeulike have given their best to assemble all the positives and negatives of the British Bitcoin casinos.
They have done an in-depth analysis on all the important factors, like the available bonuses and their wagering requirements, the deposit and withdrawal limits, the safety and security of the gaming platform, the overall impressions that the majority of players have on the particular casino, the available games and the live gaming section ā and many other things that make a Bitcoin casino UK great.
By analyzing the data independently and as a whole, the Citeulike experts were able to deduce which of the casinos are worth the playerās time ā and which arenāt. Knowing all this information will help you have the best possible Bitcoin gambling UK experience money can buy.
How to Make a Casino Deposit with Bitcoin
Itās not at all difficult to make a quick Bitcoin deposit in a Bitcoin casino UK. All you will need to do is follow the few simple steps below:
Register an online cryptocurrency wallet. This will enable you to do cryptocurrency transactions in online casinos down the line;
Visit the cashier section in the Bitcoin casino UK of your choice ā like Genesis Casino;
Select Bitcoin as the method with which you will make a deposit;
Write the code that you will get from the cryptocurrency wallet registration;
Write the sum of money that you wish to deposit
How to Make a Casino Withdrawal with Bitcoin
Itās also very easy to perform a withdrawal of the winnings that you have made when gaming ā with Bitcoin. You donāt need to stray too far from the same process that you have gone through when doing a Bitcoin casino UK deposit. That being said, follow the few steps below to do a Bitcoin withdrawal:
Visit the cashier page in the online casino of your choice;
Select Bitcoin as your preferred withdrawal method;
Write the code from your crypto wallet;
Write the sum of money you wish to withdraw;
Finalize the process and complete the transaction.
A thing to note is that you will have an option to withdraw your money in Bitcoin ā and to withdraw them in another form with another payment method. This may mean that you will need to pay additional fees and that you may be subject to verifying your identity, though.
Features of Bitcoin Casino Payments
There are several advantages and a few disadvantages to using Bitcoin for making online payments in casinos. The main advantage is the simplicity and the speed with which youāll be able to use Bitcoin. The deposits are almost instant and so are the withdrawals ā and while most online casinos brag instant deposit times, very few casinos still can brag that the withdrawal times are also instant. Not so with Bitcoin withdrawals.
Itās important to know that your privacy and anonymity will be guaranteed if you use Bitcoin. You wonāt have to give any personal data to any companies or casinos ā and this will keep your profile anonymous. Online casinos that offerĀ other kinds of payment methodsĀ canāt say that they protect your privacy nearly as well as the Bitcoin casinos.
That being said,Ā Bitcoin and the cryptocurrencies are unregulatedĀ ā which can be a double-edged sword. Also, the number of casinos that offer Bitcoin is still relatively small. Bitcoin is a volatile currency ā you can expect sharp rises and falls in its value in time.
Bitcoin Casino Payments ā Time Frames
Bitcoin is a casino payment method that works very fast. For example, in Fun Casino, the deposit time for Bitcoin is less than an hour. Granted, most regular online casinos feature instant deposit method ā so this may even be seen as a Bitcoin drawback. But the withdrawals take less than an hour to get processed ā and this truly is an advantage of Bitcoin casino UK.
Bitcoin Casino Payment Methods ā Fees & Limits
Again, one of the top benefits of using Bitcoin is that itās unregulated.Ā There are no central authorities that governĀ how people use Bitcoin when making transactions on the internet. And the best part about this is that there are no fees whatsoever when it comes to using Bitcoin ā neither for deposit nor for withdrawals. And the casinos have it easier too ā they donāt need to spend a small fortune on applying for various permits and licenses.
As for the limits, they depend on the particular casino of your choice. You can consult the table that we have made above ā and you can see that the low limit for deposits is usually Ā£10 and the high limit can be Ā£5,000 or more ā some casinos donāt even have a deposit limit set in place. As for the withdrawals, the low limit is usually set at Ā£10 ā and the highest can climb to Ā£10,000 and more.
Special Offers for BTC Gamblers
As for the bonuses, you can, once again, consult the table that we have made above. Some online Bitcoin casinos have a habit of beingĀ extremely generousĀ to the customers ā and especially new customers. They offer outrageous bonuses that you can find nowhere else. One of the most frequent bonuses in a Bitcoin casino UK is the welcome deposit match. In extreme cases, it can be a 200% match up to Ā£2,000! And this goes beside the fact that you will also get several free spins and also other exciting bonuses to win money with.
Bitcoin Casino Payments on Mobile
The mobile gaming market, just like the Bitcoin market, has exploded in popularity. There are practically millions of people from all around the world that play mobile gambling games in mobile casinos. And there is no reason why the Bitcoin casinos wonāt follow suit. Many of them offer mobile functionality, as they have implemented HTML5 technology that certifies cross-platform support for the players. Whether there will be an app, itās up to the casino to decide. What you should be aware of, for now, is that you can deposit and withdraw Bitcoins just as easily as you would use any other payment method in the mobile casinos.
Casino Games Available via Bitcoin Deposit
Bitcoin casinos are known to provide an even bigger variety of games. There are several reasons for this ā most importantly itās the factor that the casinos donāt need to pay a lot of money for various licenses and certificates and they can use this money on purchasing the rights for some of the best games on the market. Some of the available types of games in the Bitcoin casinos are:
Baccarat,
Blackjack,
Slots,
Roulette,
Craps,
and others. There are also live gaming sections with a real croupier or a dealer on the tables. As for the slots, there are games made by the best developers ā NetEnt, Microgaming, Playtech, Betsoft, and many others.
Bitcoin Online Casino Tips
Here are some tips that you can benefit from if you intend on using Bitcoin:
Remember to utilize all the bonuses that are given to you by the casino. As noted previously, they can be exceptionally big as casinos are known to be very generous in giving bonuses to cryptocurrency customers.
Itās very important to know whether a Bitcoin casino is legit. Luckily, you donāt even need to do research ā the experts at Citeulike have done this for you. So, if you pick an online Bitcoin casino from our list ā then you should know that itās 100% legal and legit.
Different casinos have different game libraries. Make sure that you go through the lists of games before making your decision where to play ā as this can have a big impact on your entire gaming experience in the Bitcoin casino UK of your choice.
Bitcoin ā Comparison with Other Casino Payment Methods
As you can see, there is a big variety between the various payment methods that you can use for online gambling. We have mentioned some of the most popular ones in the table above:
Payment Method
Deposit Time
Withdrawal Time
Top Advantage
Top Disadvantage
Up to 1 hour
Up to 1 hour
There are no fees that you need to pay
Itās a highly volatile cryptocurrency
Instant
Up to 5 days
Available in many casinos
Relatively slow withdrawal time
1-4 days
1-4 days
No middleman between the customer and the casino
It takes longer to deposit and withdraw money
Instant
1-5 days
Universally available
Some casinos charge fees for transactions
Instant
1-4 days
World-class security
Many casinos fail to feature Trustly
Instant
Instant
Best in terms of payment times
Reports of Skrill frauds
That being said, there are differences in the deposit time, the withdrawal time, the various advantages and the potential disadvantages. In our opinion, Bitcoin ranks very highly since there arenāt any fees that the customer will need to pay and that the deposit and withdrawal times are pretty fast.
But truth be told, all of the payment methods have some form of disadvantage or another. Only by carefully analyzing the various benefits and potential drawbacks can you determine the best payment method that will fit your needs and preferences. Donāt overthink it ā as practically all the payment methods that we have mentioned above are safe, secure, and fast.
Bitcoin Basics for Beginners
In the following section, we will talk some more about the basics of using Bitcoin for making online payments. The beginners will come to understand just how this cryptocurrency works in terms of online gambling.Ā Among other things, here we will discuss how Bitcoin works. Weāll tell you exactly how you can create a Bitcoin account. Weāll tell you how and where to use Bitcoin in the United Kingdom and share some general information about bitcoin ā including the Bitcoin milestones and history, including its unprecedented rise in popularity at one point, and weāll share a few important facts about Bitcoin, too.
How to Create / Set up Bitcoin Account
Here are the exact steps that you will need to go through if you want to set up a Bitcoin account:
Download a wallet. If you want to use Bitcoin, then you will need a wallet. There areĀ several different walletsĀ on the internet and they all have their strong sides and weaknesses. Make sure you find the best wallet for your needs. Our personal recommendation is Coinbase.
Put some cash in your Bitcoin account. You will need to visit a Bitcoin buy page with your Bitcoin wallet address at the ready. You can deposit money on your Bitcoin account easily with a credit or debit card. You can also purchase Bitcoins on the exchange.
Send money to an online casino account. To do this, you will need to acquire the wallet address of the casino and send Bitcoins from your wallet there.
A Brief Explanation of How Bitcoin Works
Bitcoin is a cryptocurrency and, as such, itās virtual. It doesnāt exist in the āreal worldā and itās stored in an electronic wallet, which, once again, is entirely virtual. There are now some new āvisibleā Bitcoins that you can see on a picture, but they are worthless without the code to back them up.
You can send or receive these Bitcoins, or parts of these Bitcoins, from and to your wallet. Every single Bitcoin transaction is recorded on the so-called blockchain, and this is the new technology on which cryptocurrency is based. This makes Bitcoin transactions impossible to reverse, which is why you have to be extra careful when sending money in this way.
How and Where to Use Bitcoin in UK ā Guide
Aside from some of the best online casinos in the UK, you can also use Bitcoins as a payment method in a variety of otherĀ popular stores and places all over the United Kingdom.
Some of the stores where you can use the cryptocurrency technology to make payments are Seymor Locksmiths in Shoreham by Sea, Tempest Carpet & Upholstery Cleaning Specialists in Southam, Psychedelic Press ā an online bookstore, 1066Fitness in Bodiam, and many other stores and places. If youāre interested in learning more, you can follow the link here to see more stores that accept Bitcoin payments.
About Bitcoin
Bitcoin has been with us on the market for a while now. It started almost casually, and at one point it practically exploded in popularity. Practically everyone all around the world was doing Bitcoin transactions ā and this got reflected in the price which rose to $20,000 for a single Bitcoin.
In short, Bitcoin is one of the cryptocurrencies that you can use for makingĀ anonymous, safe, and secure online paymentsĀ to everyone ready to trade in Bitcoins. If this sounds like a solid arrangement for you, then be sure to create your very own Bitcoin wallet and start purchasing Bitcoins for online gambling or otherwise.
Bitcoin ā History & Milestones
Bitcoin is the first of the cryptocurrencies and it was created by Satoshi Nakamoto back in 2008. He started by registering the domain name bitcoin.com. Itās said that, at this point, Nakamoto was finalizing the last-minute changes to his brainchild Bitcoin.
Later on that same year, Nakamoto published a document that was known by the name Bitcoin:Ā A Peer-to-Peer Electronic Cash System. This document shared information about the core of Bitcoin and how it works. It also expounded upon the underlying Blockchain technology.
A year later, Nakamoto was the first person to mine the first-ever Bitcoin block. Not long after, he made the Bitcoin code open-source. He enabled everyone to see what Bitcoin is all about, including the underlying structure of the cryptocurrency. The first Bitcoin transaction in history was completed on the 12th day of January 2009, when Nakamoto sent 10 Bitcoins to Sal Finney. And the rest is history.
The Rise of Bitcoin
Bitcoin, as the original cryptocurrency, is the most popular of all cryptocurrencies to this very day. However, its zenith of popularity is in the past. There was a point during the meteoric rise of Bitcoinās popularity and widespread use when people predicted that it would completely replace all the other currencies.
It simply changed the landscape as now people were the sole owners of their money ā in the form of Bitcoins. That being said, there was still an incredible crash in the value of Bitcoin when it practically plummeted from an all-time high in a matter of a few days ā in 2019. But still, Bitcoin is alive and well on the cryptocurrency market, and we can only speculate what its future will look like.
Bitcoin ā Fact Check
Here are a few interesting facts that you might not have known about Bitcoin:
Satoshi Nakamoto is a mystery. Itās speculated that this is the person behind Bitcoin ā yet his identity remains a mystery to this very day. There are even theories that companiesĀ Samsung,Ā Toshiba,Ā Nakamichi, andĀ Motorola created Bitcoin ā and the name Satoshi Nakamoto is composed of the first letters of the companiesā names.
The privacy of Bitcoin is guaranteedā¦ but not entirely. You donāt need to put any proof of identity when using Bitcoin. However, your public address will be recorded with every transaction that you make.
Losing your private key is the worst thing that can happen to a Bitcoin owner. The reason for this is that without the private key, all your Bitcoins will be lost irretrievably.
There is a cap at how many Bitcoins can be mined, and itās set at 21,000,000 Bitcoins. After this, there will be no new Bitcoins on the market.
Bitcoin ā General Information
Company Name
Bitcoin
Payment Type
Cryptocurrency
Founder
Satoshi Nakamoto
When Founded
2009
E-mail Support
support@bitcoin.co.uk
Number of Employees
91
Number of Countries Where Available
56
Transaction Time
1-1,5 hours
Casino Fees for Using Bitcoin
No
Conclusion
We have come to the end of this review. By now, you have learned much about the basics of Bitcoin. You have learned that it guarantees your privacy and that you can use it to do online gambling ā among other things. You have learned more about the history of Bitcoin.
Now, itās time to choose whether you will use Bitcoin yourself. Truth be told, there are a few disadvantages to its use ā most of all the fact that itās a highly volatile cryptocurrency.Ā As such, itās not for everybody. But if you keep things simple and only purchase enough Bitcoins with which you can fund your online gaming experience ā youāll be fine. Bitcoin is a safe, anonymous way to do online transactions with
Alternative Payment Methods at Online Casinos in the UK
Bitcoin Casinos FAQ ā Main Questions and Answers
Every casino that accepts Bitcoin as a valid payment method can be deemed as a āBitcoin casinoā. As we have mentioned previously ā not all online casinos offer Bitcoin as a payment method. Weāve done all the research for you and you can pick from our list some of the best Bitcoin casinos that the internet has to offer.
It depends on where you reside. Some countries have placed an outright ban on Bitcoin trading and use of any kind. For now, itās legal to use Bitcoins to make transactions in the United Kingdom and many other countries. But this is not to say that it wonāt potentially be deemed illegal in the future.
Yes, it is, by any standard. The Blockchain technology guarantees that your identity will be safe and that your transaction will go through. You wonāt have to worry about losing your money or getting scammed ā unless you happen to lose your private key to your Bitcoin wallet.
No, you donāt need to provide personal information when using Bitcoin. As weāve mentioned before, Bitcoin values your privacy. But this is not to say that nobody can ever find you by looking into your Bitcoin transactions. Itās just more difficult to do so ā but not impossible.
This is one of the best parts of the Bitcoin casinos. No ā there arenāt any commission fees that you will need to pay in the Bitcoin casinos, making the entire gambling experience that much cheaper. If an online casino still asks of you to pay some fees although youāre using Bitcoin ā then itās a red flag that you should be looking elsewhere for a better and cheaper gaming experience.
Emily Campbell (professional name) is our go-to person, and she has served as our Chief Editor since 2018. Educated at Newcastle University, Emily has worked in the marketing industry across the UK, helping various companies to gain traction and to build up quality, value-driven information aimed at readers.
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