The pros and cons of using Bitcoin casinos online
If you are looking for an alternative way to gamble, online crypto casino sites offer the next evolution of mobile gaming. Overall, we would argue that using Bitcoin to bet online offers a superior experience.
However, as is the case with everything in life, there are both advantages and disadvantages when it comes to Bitcoin gambling. Below, we have explained the main advantages and disadvantages of using Bitcoin and other cryptos to play at an online casino:
Pros
| Privacy and security | First and foremost, you are completely anonymous when you gamble online at a Bitcoin casino, as both your personal and financial details are hidden. Additionally, crypto transactions are securely encrypted and your funds are completely safe from hacking, more so than they are in your bank account. |
| Faster transactions | Bitcoin might be the slowest of all cryptocurrencies, but deposit transactions should still be processed within 15 minutes in most cases. The same goes for withdrawals, giving you payout speeds that no traditional fair currency online casinos can match. |
| Bigger bonuses | Bitcoin is cheaper for online casinos to support than traditional payment methods. As a result, they have less overheads which are often passed on to you in the form of better bonuses with fairer conditions. One such example is the exclusive 200% deposit match up to $2,000 that you can claim at Stake.com with this promo code: TGTSTAKE. |
| More value | Another way that many BTC casinos pass their savings on to you by taking less of a house edge. As a result you will often find better odds and therefore better value when playing at a crypto casino vs a traditional online casino. |
| No limits | Cryptocurrencies are not bound by the minimum transaction limits imposed by banks and other financial institutions, This can benefit both casual players and high rollers as the minimum limits tend to be lower while the maximum limits are higher. At many Bitcoin VIP casinos, there are no limits at all. |
| Better games | As well as having more games, you will often find that BTC casinos also tend to have unique games that you won’t find on regular gambling sites. Provably fair games, such as Stake Originals, can only be found at crypto casinos and allow you to verify th4ee fairness of the game before each round. |
Cons
| Lack of regulation | Bitcoin is decentralised and not attached to any central bank or financial institution. While this is the reason behind some of the advantages above, it does also mean that crypto casinos are much harder to regulate and are restricted in many countries. |
| Volatility | Another downside to decentralisation is that Bitcoin’s price is extremely volatile. While this means it can go up drastically, it can also fall sharply overnight. Effectively this can mean you are gambling on two fronts – with the market value and on the casino games. |
The best BTC sites – At a glance
Our experts here at TheGurelingTruth have tested out most crypto casino sites in the world and we have rated the best ones. In the table below, you can see what the best operators have to offer you right now. In future, we will also always review the latest Bitcoin casinos as and when they launch and become available on the market.
| Rank | Bitcoin casino | Welcome bonus | Best for |
| 1. | Stake.com | 200% up to $2,000 + 5% rakeback with promo code: TGTSTAKE | Original provably fair games |
| 2. | BC.Game | 270% deposit match | Rewards and VIP |
| 3. | Roobet | $80 in free spins | Number of games |
| 4. | GG.Bet | $1,500 + 500 free spins | Mobile gaming |
| 5. | Vave | 100% cashback up to 1 BTC | Leaderboard |
Top Bitcoin casino sites – Out reviews
Now that we’ve covered the basic information, it’s time to see what the experts think. You can check out our full operator reviews of all five of these crypto casinos right here at TheGruelingTruth.
If you’re sticking with us on this page though, here is a brief snapshot of what each one has to offer:
Stake.com: Pros & Cons
- Exclusive welcome bonus
- Original provably fair games
- Recognized brand
- Daily and weekly tournaments
Thanks to its sponsorship and ambassador deals with the likes of Drake, the UFC and Everton FC, Stake.com is probably the best known crypto gambling brand in the world right now. Additionally, it is also the only crypto casino site to get a UKGC licence, so can trust that it’s a safe and secure provider.
There are a number of things that make Stake.com stand out on the market, such as its 2,000+ casino games and excellent sportsbook. However, the Stake Original games are particularly worth talking about. These are provably fair games that have been developed in-house by Stake.com’s own software development team.
Get an exclusive Stake.com welcome bonus with our promo code: TGTSTAKE
As a new player at Stake.com today, you can claim an exclusive welcome bonus that gets you a 200% deposit match up to $2,000. On top of that, you also get a continuous 5% rakeback on your losses every week.
BC.Game – Good for VIPs and high rollers
BC.Game: Pros & Cons
- VIP program and existing player promos
- Massive welcome offer
- No max limits
- Provably fair games
Out of all the BTC casinos on this list, BC.Game is the one that really takes full advantage of the flexibility afforded by Bitcoin gambling. This is first reflected in the welcome offer, which gets you a first deposit match of up to 270%. You can then claim similar-sized deposit matches on your next three deposits.
In terms of the actual gaming experience, BC.Game is very much focused on offering a Bitcoin-centric gambling experience. As is the case at Stake.com, you can find a vast array of provably fair crypto games at this online casino, some of which are originals.
About the VIP program
As well as the main rewards program, through which you can get weekly recharge bonuses and cashback, there are also other promotions for all existing players:
- Quest Hub – You can “conquer” daily and weekly quests to unlock additional rewards.
- Free Lucky Spins – Every day you are given the chance to spin the wheel for the chance to win up to 5 BTC.
- Free Roll Competitions – In these free-to-enter competitions, you can play against other players to climb up the leaderboard.
Roobet – The top new Bitcoin casino
Roobet: Pros & Cons
- Best new crypto casino
- Biggest games lobby
- Endorsed by Snoop Dogg
- Over 400 live casino games
- Several country restrictions
Roobet is a relative newcomer to the crypto gambling scene, but it has already made quite an impact. Given that it launched with Snoop Dogg as an ambassador, it was clear that this brand was going to be a force to be reckoned with – and that has proven to be so.
There are thousands of games on this platform, surpassing the games lobbies of all other casinos on this list. And when you consider the smallest games lobby on this list has over 2,000 games, that is a pretty astonishing fact.
Welcome bonus and gambling model
The welcome bonus here is smaller and a bit different from most, as you can get up to $80 in free spins to use on slots. When you make your Bitcoin deposit here, it will be converted into Roobios, which is the site’s own coin and the default account currency. This makes it easier to keep track of your bets and you can still withdraw your funds in Bitcoin if and when you win.
GG.Bet – the best for mobile gaming
GG.Bet: Pros & Cons
- Android app
- Lowest BTC deposit limit
- Top crypto sportsbook
- Esport betting included
One of the main setbacks that Bitcoin casinos face compared to their fiat counterparts is that most of them lack mobile apps. Often, you are instead resigned to using the mobile-optimised website. However, at GG.Bet, that is not the case, as there is a top-notch app available to download for Android users.
On top of that, GG.Bet is one of the best online casinos for small bankroll players – not just in the crypto world, but in the world of online gambling in general. Depending on the crypto that you use, you can deposit as little as $1 at a time. This makes it the closest thing on our list to a Bitcoin casino with no minimum deposit.
Welcome bonus
As a new player at GG.Bet, you can get a 100% first deposit match worth up to $1,500 in Bitcoin Additionally, you can also claim a maximum of 500 free spins spread over a few days and valid for certain slot games.
Vave – One of the best Bitcoin casinos online for competitive players
Vave: Pros & Cons
- 100% cashback for new players
- All-time leaderboard
- Unique “Hall of Fame” feature
- Low house edge
- Design specific to a certain taste
Are you not only content with Bitcoin gambling and also want to compete against your friends and other players. If so, there are many others like you, and in actual fact, most casinos on this list cater for you with regular tournaments and transparent player stats.
However, Vave has gone one step further, as you can compete against other players on the site at all times. At any time, you can check your position on the leaderboard, and see how you are getting on in the daily, weekly, monthly and all-time rankings.
100% cashback for new players
On top of everything else, Vave also has a different Bitcoin welcome bonus from all other sites. As a new player, you can choose between claiming 100% cashback in the casino or the crypto sportsbook. The only downside is that you can’t spread it across both platforms.
Conclusion – Check out the best online Bitcoin casino websites today
Though we may have nearly reached the end of this page, your journey is only just beginning in earnest. The next step for you is to use our main crypto casino reviews in order to compare them and find the right one for you.
You then just need to purchase some Bitcoin (if you haven’t already), create your casino account and make a deposit. Once that’s done. You can start enjoying a unique online gambling and gaming experience.
The best bitcoin casino bonuses 2023
Bitcoin casino FAQ
🎰 What is a Bitcoin casino?
A Bitcoin or “crypto” casino is an online casino that accepts payments in Bitcoin for deposits and withdrawals. While many casinos take cryptocurrencies instead of traditional fiat currencies, there are some sites, such as Roobet, that take both. Such sites can be ideal if you are not 100% sure about crypto gambling but wish to dip your toes in.
🔍 How can I find a crypto casino?
You can find a crypto online casino by using the comparison tool here at TheGruelingTruth.com. We have compared and reviewed the best legit crypto casinos, including Stake.com, BC.Game and much more. Just head to our website to find your ideal operator today.
❓ Are there legit Bitcoin casinos?
One of the biggest problems faced by Bitcoin and cryptocurrency gambling is the lack of regulation. However, there are many ways in which crypto online gambling might actually be safer than traditional online casinos. However, you need to ensure that you use a legit and reputable website, which our experts can help you with here at TheGruelingTruth.com.
