Bitcoin Casinos UK 2023

Bitcoin Gambling FAQs

✨ What are the Different Types of Bitcoin Wallets?

There are two types of Bitcoin wallets: hot (cloud-based) and cold (offline). Hot wallets are connected to the Internet and are typically cloud-based. These wallets are easy to set up and use, so they’re a convenient option for most people. Cold wallets are not connected to the Internet. Instead, your crypto keys are stored offline on a hard drive or thumb drive. Although less convenient, cold wallets are also less vulnerable to hacking attempts. Generally, cold wallets are the safer option for storing your Bitcoins. However, you may find that it’s more convenient to use a hot wallet for gambling purposes. In this case, you would only store the Bitcoins that you designate for gambling in this wallet. Take the time to compare your wallet options and see which one will work best for you and your needs.

✨ Are Bitcoin Gambling Sites Provably Fair?

Typically, yes. Provably Fair is a special algorithm that’s used to verify a casino’s fairness and transparency. Essentially, it ensures that the games aren’t rigged and that you’re guaranteed fairness with each bet you make.

✨ Are There Fees for Crypto Casinos?

Some casinos will charge a fee for using Bitcoin, but many won’t. You can expect to pay fees for buying and selling Bitcoin on exchanges, and transactions also have a fee. It’s important to remember that most payment methods have some sort of fee somewhere along the line. Typically, fees are negligible and are designed to cover transaction fee costs.

✨ What Games Can I Play at Bitcoin Casino Sites?

Some players assume UK Bitcoin casinos are different from other casinos. In reality, they offer the same games that you’ll find on any other casino site. For example, Bitcoin slots are no different from regular slots. Most casinos allow you to play: Slots, Blackjack, Roulette, Baccarat, Poker. Depending on the site, you may also be able to bet on sports. Your selection of crypto casinos may be limited, but your game selection won’t be. These casinos usually have hundreds of games to choose from, and many also have live dealer games.

✨ How Does Bitcoin Keep My Information Private?

One of the biggest advantages of using Bitcoin for gambling is that your information is kept private. But how exactly does that happen? Although Bitcoin transactions are traceable and public, they don’t contain identifiable information (in other words, you remain anonymous). The only information that’s stored is your Bitcoin address, which shows where your tokens are stored and where they are sent. First, it’s important to note that Bitcoin is not completely anonymous – although it’s pretty close. Any information that’s stored on the blockchain won’t have a link to your identity, but there is information that can link your transactions to each other. This really isn’t concerning, as there’s no personally identifiable information here. That said, when you make a transaction on the Bitcoin network, you’re sending and receiving cryptocurrency from an entity that does know your identity. While highly unlikely and difficult, it is possible to link your identity to Bitcoin transactions. Of course, there are ways to make this more difficult. One of the best things you can do is use a new address every time you make a transaction.

✨ Do BTC Casinos Have Minimum Deposit Requirements?

Sometimes. A Bitcoin casino in the UK will likely have minimum deposit and minimum withdrawal requirements. You can view these requirements in the casino’s Terms of Service. Some casinos are more transparent and provide this information on their Banking page. Keep in mind that your Bitcoin will need to be converted to GBP or Euros when making a deposit. Minimum deposits are usually between £10 and £20. Make sure that you understand the minimum requirements for deposits and withdrawals before you sign up for an account. High minimum deposits may be a red flag, particularly when using cryptocurrencies as your payment method. A reputable Bitcoin casino in the UK will likely have a small minimum deposit requirement.

✨ How Do Withdrawals Work with a BTC Casino?

Many (not all) casinos require you to use the same payment method for deposits and withdrawals. But when it comes to Bitcoin, the rules may be a little different. Because of Bitcoin’s volatility, you may be required to use a different withdrawal method. But if the casino does allow Bitcoin as a withdrawal method, the process will likely be the same as with any other payment method: Visit the “Cashier”; Choose the amount you want to withdraw; Select “Bitcoin” for your withdrawal method. You’ll need your Bitcoin wallet information to make the withdrawal, and the tokens will be transferred to your wallet.

✨ Do I Have to Give My Personal Information to the Bitcoin Casino?

Yes. While your Bitcoin transaction will be anonymous and secure, you still need to provide the casino with your personal information. If a casino claims that you can play without giving any personal information, that’s a big red flag. Casinos have to verify the identities of players to comply with anti-money laundering laws and ensure that players are of legal gambling age. No matter what payment method you choose, you still have to go through the verification process. This means providing documentation, such as photo ID and utility bill. So, while Bitcoin itself is secure and protects your private information, your gambling habits won’t be entirely anonymous. The casino itself will have your personal information. But do keep in mind that privacy laws will work in your favour to help protect your data.

✨ Can You Use Different Cryptocurrencies for Deposits and Withdrawals?

That depends on the casino’s policy. It's challenging enough to find a casino that accepts one cryptocurrency let alone multiple ones. Bitcoin is the most commonly accepted cryptocurrency by casinos, but there are a few casinos that accept other cryptocurrencies as well. Even if you’re lucky enough to find ones that accept multiple cryptos, it’s unlikely that you can use one type for deposits and another for withdrawals. Be sure to check the casino’s Terms of Service page to learn more about their policies for payment methods. Some casinos are more flexible than others with their payment terms.