How We Rate and Review Bitcoin Casinos
As with any casino, rating and reviewing need to be based on a few key factors that will keep players returning and continuing playing. Below are some of the key elements that should be considered when deciding on which bitcoin-synchronised casino to utilise:
- Software: a casino can have the best bitcoin deposit and withdrawal methods on the planet, but if the software is lacking, then it is likely that the online casino games will not be up to standard, and as a result, users will be less likely to come back. When deciding on which casino to unload your bitcoin into, research and check that software providers like Microgaming, NetEnt, and PlayTech have games on the platform. It is generally suggested that these three companies provide the best overall casino experiences.
- Ease of Transactions: people can often be confused about how to store bitcoins, and as a result, they will not know how to utilize them when playing online. Generally speaking, you can keep your bitcoin on a cloud-based server, as you would with money in an e-wallet or as data on your computer. The e-wallet cloud option tends to be more accessible. Just make sure that the casino you choose has e-wallet options that support the holding of cryptocurrency.
- Bonuses and Promotions: An important part of using any online casino will always be the casino bonuses and promotions. If users get the opportunity to double their no deposit bonus or get free spins and free VIP points, then they will always choose that option over the casino that offers nothing. Researching which offers best suit your play style is crucial and the number of user friendly offers available are factored into any review.
How to Setup a Bitcoin Account?
When it comes to cryptocurrency, people tend to shy away because they think it is too volatile and complicated to understand. They don’t realise that setting up an account to buy bitcoin is an effortless task. To buy bitcoin, create a wallet address and decide which exchange you would like to use. Creating a wallet address is important because that is where your withdrawn bitcoin will go. Once you buy or trade bitcoin on the exchange, you can withdraw it into your wallet, and from there, you can deposit it into your casino account.
Benefits of Using Bitcoin for Casino Players in Ireland
As well as arguably being the future of currency, there are many benefits attached to using bitcoin. For one, there are no middlemen when it comes to transaction costs. All bitcoin deposits and withdrawals are peer-to-peer, so you won’t have to worry about any charges preventing you from claiming all of your winnings. This same peer-to-peer anonymity is why people claim bitcoin to be a safer option than conventional methods too. No personal information is attached to your bitcoin, so it is more difficult to hack or interfere with than traditional bank details. Below are some more of the benefits of using bitcoin in an Irish online casino:
| Withdrawal Time | Instant |
| Deposit time | Instant |
| Time to Set Up | 30 mins – 2 hours |
| Minimum Withdrawal | 0.0001 Bitcoin |
| Maximum Withdrawal | 2 Bitcoin |
| Minimum Deposit | 0.0001 Bitcoin |
| Maximum Deposit | 2 Bitcoin |
The Legal Situation of an Online Bitcoin Casino in Ireland
For a while, there was a stigma surrounding the use of bitcoin and its relationship with gambling. However, over the last few years, authorities like the UK Gambling Commission and the Malta Gaming Authority have normalised and regulated the use of cryptocurrency on many of their online sites. In Ireland, it is legal online casinos Irish to accept bitcoin and other cryptocurrencies. Casinos like Royal Panda, Casumo and 888 Casino accept bitcoin as a legitimate payment method for Irish users.
Compare bitcoin With Other Payment Methods
Bitcoin is drastically different to other payment methods. It is a unique and futuristic way of depositing and withdrawing money and has become easier than ever to obtain, with its value increasing with time. It tends to be safer than other methods because it is more security-based, and withdrawals are often instant, meaning you won’t have to worry about waiting 2-5 business days to have the money in your account. Below is a table noting some differences between bitcoin and other methods:
| Bitcoin | Other Currencies |
|---|---|
| Transfers are done via peer-to-peer networks, which adds an extra layer of security to the transaction. Meaning you are less likely to be hacked or have information or money taken. | Most transfers are done via the bank, and because of this middle-man, the fact that your details are often attached increases your chances of having information stolen. |
| Withdrawals using bitcoin are instant and the money will usually be in your account within a few minutes. | Withdrawal times can vary, sometimes taking days. |
Conclusion
Ultimately, the use of bitcoin and other cryptocurrencies on the online gambling scene is a welcome addition for all users. It is a safe, efficient, and fully legal method of depositing and withdrawing money for Irish users. With the growing influence of cryptocurrency, it has become easier than ever to create a crypto account and minimum deposit casino online and remove as needed through various apps or crypto exchange sites. Adding bitcoin and crypto as a payment method in casinos has not changed the sites’ operation, but it has futureproofed them and made them more accessible to a broader range of players.
