- The Best Bitcoin Wallets
- Best Bitcoin Wallet Software
- Best Us Bitcoin Wallets
- Best Bitcoin Wallet For Mac
Just a few years ago, when in the vast majority of online casinos you could only play on usual currency, one of the main concerns of the players was the verification process when it comes to withdrawing winnings. Now cryptocurrency casinos are rapidly replacing the “dinosaurs” of the online gambling industry, providing a number of advantages, the list of which includes the ability to play casino on bitcoins without identity verification (without KYC procedure).
What bitcoin casinos don’t request KYC verification?
At the moment, the situation with verification at Bitcoin casinos is much more simple: if the website accepts only cryptocurrency for play, then most likely verification is not required. This is primarily due to the fact that the legal sector in the field of cryptocurrency varies from country to country, so Bitcoin casinos can register in the jurisdictions with minimum legal limitations and operate accordingly. In addition, in order to create an account, convenient online payment systems (like PayPal, Neteller, bank cards etc.) require ID from users, while crypto-wallets not. Moreover, cryptocurrency is a decentralized phenomenon, which means that the regulation of its turnover contradicts the concept.
If you are an ardent opponent of the idea of sending personal documents to the casino and want to play with Bitcoin as anonymously as possible, the table below provides information on verification for the best Bitcoin casinos.
This is a discussion on Best Bitcoin Wallet for online poker? Within the online poker forums, in the Poker Deposits & Withdrawals section; I find it hard to believe that there have been no direct. Definition: A Bitcoin casino is an online casino that accepts Bitcoin (BTC) or other cryptocurrencies as a payment method to deposit and withdraw funds. Crypto casinos tend to have all your traditional slots and table games, but they might also have a couple of extra surprises themed to cryptocurrency, such as the Satoshi’s Secret Slot game. Bitcoin is the most popular cryptocurrency in the world. Some online casinos operate exclusively on bitcoins, while others offer Bitcoin as an alternative to traditional currency. Casinos operate everywhere around the world, although they must comply with local laws. Thanks to Bitcoin transactions, these casinos offer many options for players.
- nearly instant withdrawals
- 15 custom provably fair games
- hundreds of games from licensed providers added in the recent update
- 100+ coins accepted
- betting on sports
- loyalty program (cash bonuses for every regular player)
- perfect mobile version
- Bitcoin, Ethereum, Litecoin and TRON
- ultra-fast withdrawal and deposit
- about 2000 of games from licensed providers
- perfect mobile version
- first licensed Bitcoin casino
- 'tournaments' feature was added
- fast withdrawals
- huge amount of games from top providers
- 9 coins accepted and usual currency
- one of the most innovative crypto-casinos
- multiple coins
- one of the first in the industry
- no registration required
- Bitcoin only
- sportsbetting oriented
- several custom casino games
- best Bitcoin poker in the industry
- mutual betting on sports (player vs player)
- several custom casino games
- awesome mobile version
- betting on special events (Oscar, elections, etc.)
- 6 cryptos and 6 usual currencies
- thousands of games from licensed providers
- active players chat
- live dealer games
- 5 cryptocurrencies
- nice VIP-program
- awesome mobile version
- many games with jackpot
- 40 coins accepted
- 8 custom provably fair games
- works since 2014
- micro-bets and faucet
- hundreds of games from licensed providers
- 5 cryptos and usual currency
- top casino 2017/2018 AskGamblers awards
- 9 cryptocurrencies
- hundreds of games from licensed providers
- betting on sports
- live dealer games
- 6 cryptos and fiat accepted
- hundreds of games from licensed providers
- established in 2013
- Bitcoin, Ethereum and Bitcoin Cash
- sportsbook
- founded in 2013
- hundreds of casino games from licensed providers
- 6 cryptos accepted
- great promos and events
- live dealer games
- hunderds of casino games from licensed providers
About verification in online casinos
Verification is the process of player’s identity confirmation by sending documents or other informational materials (in digital form) that a particular casino requests. The list of such materials most often includes a passport, a bank statement which includes the physical address of player’s residence, a receipt for utilities (also with the address). Less often, a casino can ask to send a photo of the game account owner holding the passport.
Why casino asking for documents for withdrawal?
There may be several reasons for this and they may be different for each casino, but the most common ones include: prevention of money laundering, protection of player funds from being stolen by hackers, abuse of an affiliate program, verification of age.
Let’s consider the above reasons in more detail:
- Money laundering - criminals do not get tired of coming up with new ways to launder money and online-casinos are often become their victims, so any suspicious financial activity (which may seem subjective) may lead to verification request.
- Protection of accounts - no matter how powerful security system a casino has, there is always a theoretical probability that a player’s account will be hacked by hackers, so the casino can ask for confirmation that it’s the real account holder initiated withdrawal of the funds.
- Affiliate program - in most online casinos players have the opportunity to invite customers in exchange for a commission, which some cunning users can take advantage of by registering another account through their own affiliate link.
- Bonuses - many Bitcoin casinos (as well as regular ones) offer the most attractive bonuses for their first deposit, so there are players who try to scam the casino in an attempt to take advantage of a favorable offer several times.
- Age - gambling is allowed from the age of 18 (in some countries from 21), therefore, in order to not accidentally violate the law, the casino may want to make sure that the player’s age corresponds to the allowable one.
In addition to the above, one of the most important factors is that licensed online casinos for fiat currency should regularly report their income and expenses to governing authorities, including the tax service.
As you can see, online casinos also have good reasons to worry about their security, and all of the above applies to Bitcoin casinos.
Of course, there are simply unscrupulous sites that overcomplicate the process of withdrawal, trying to make life difficult for players to not pay the legitimate winnings, so it is important to responsibly choose the online casino, which is the main aim of our site.
The most anonymous cryptocurrencies for gambling
Compared to conventional currency, cryptocurrencies have a greater degree of anonymity, however, if desired, the movement of funds can be tracked. This is due to the fact that all transactions are included to the blockchain system, which is transparent and, if you know the address of the user's wallet, everyone can see where the coins were sent from or to. This information is useless if you do not know who owns the wallet (and we remind you that no personal data is needed to register a crypto wallet). Usually, owners of publicly known wallets (for example, owners of crypto exchanges or media personalities) are afraid of such “surveillance”. However, even in this case, in the world of cryptocurrency, there is a solution that is often used by crypto casino players.
Monero (XMR)
Monero is the most popular cryptocurrency in the world which supports anonymous transactions. This cryptocurrency is based on the CryptoNote protocol, which has the algorithm of ring signatures behind it. The essence of this approach is to mix information about transactions at the program level, which allows you to hide the amount, the recipient and the sender of the Monero transactions. Fortunately, there are enough crypto casinos accepting this altcoin. The most famous are Stake, FortuneJack and Crypto-Games.
ZCash (ZEC)
Second most popular among anonymous cryptocurrencies is ZCash. Based on the cryptographic protocol of evidence with zero disclosure, which allows you to save transactions in the blockchain, without disclosing its participants and the amount. At the same time, it allows you to make transactions transparent, which can be useful for corporate accounting. ZCash is accepted by the same above mentioned crypto-casinos as in the case of Monero.
In conclusion, we would like to give a couple of tips from experienced players who can help avoid problems and misunderstandings with withdrawing funds from a bitcoin casino.
- When choosing a site for crypto gambling, pay attention to the presence of an SSL certificate. You can determine this by the lock icon before the site URL in the address bar of the browser. The sign 'https' means the presence of an SSL certificate, while 'http' - its absence. This is an important technical feature which provides security during data transfer between the site and the user.
- If the lack of verification is important for you, contact the casino support before making a deposit to find out whether the identity verification procedure is required for withdrawal of winnings.
- It is not recommended to use a VPN for playing in a Bitcoin casino (where the KYC is required), because information security team of such sites today have the skills to track it.
The Best Bitcoin Wallets
Best Bitcoin Wallet Software
Best Us Bitcoin Wallets
Bitcoin casinos are starting to appear more frequently online. In many ways, cryptocurrencies work similarly to e-wallets, except that they are more volatile. Not all players are able to gamble in bitcoin, however, due to licensing restrictions. In the jurisdictions where it is available though, such as Australia, Canada as well as many Asian countries like Thailand and Malaysia, bitcoin online casinos are on the rise.
Best Bitcoin Wallet For Mac
The payment method is almost impenetrable to hacking and it allows players to retain their anonymity. There are of course many other advantages but before we get any further here’s a list of the best online bitcoin casinos.