The Orb’s Guide to Bitcoin Casinos
With its advantages, fast payments, and a high degree of anonymity, Bitcoin has started a triumphant march in the online casino world. These strengths also benefit Australian casino players.
We have researched the market and compiled a list of excellent Bitcoin casinos in Australia. You can expect exciting crypto games and bonuses. There is no room for fraud and unlicensed casinos.
The Orb provides you with an overview of Aussie players’ best Bitcoin casino sites.
We have tested the internet casinos for various criteria that guarantee a successful casino visit. However, our Bitcoin casino experience focused on security and convenient Bitcoin payments.
We paid particular attention to the license, protection against fraud, and fairness. But the Bitcoin casino bonus also played a unique role because you can also recognize reputable Bitcoin casinos by appropriate turnover conditions. In addition, we guide you step-by-step to your first deposit.
Another outlook belongs to the apps for smartphones and tablets.
Best Australian Bitcoin Casinos 2022
The Internet not only makes it possible for its users to bet on more than one provider when it comes to gambling and to use profitable offers, but also to switch to different currencies. BitCoins is a type of currency that is used on the Internet and is not unknown within the gambling industry.
Why gambling with BitCoin has advantages, what these are and which online casinos have taken advantage of the currency BitCoins, we would like to explain to you in the following sections.
The Advantages and Disadvantages of Playing with BitCoins
Gambling with BitCoins has a number of advantages. For example, transactions with Bitcoin casinos, which each represent a certain AUD amount, are carried out quickly and completely anonymously. You don’t have to provide sensitive bank or credit card information to pay your bets, so you can be sure that your information remains secure.
In addition, the BitCoin currency is not yet considered an official currency, which is why it is not subject to taxes and gambling with it is not illegal anywhere – this means that you can participate in any country’s gambling with BitCoin without acting illegally.
At the same time, this is also the biggest disadvantage of BitCoin casinos and gambling with this currency: the regulation of the providers is not the same as with other online casinos, because they do not need an official license to offer gambling. This means for the player that his BitCoins could be lost if he bet on a black sheep in the business. Therefore, special caution and comprehensive research before the registration is required here.
Since gambling with BitCoin currency is becoming more and more popular and therefore more and more players are cavorting in this area, the providers of the industry are also more and more often evaluated and provided with experience reports on the part of customers. However, caution is advised here as well, as some players and rating portals could also be paid for a good rating.
Therefore you should exercise special caution and common sense when researching. Unfortunately, the selection of Australian bitcoin casinos is still very small, as the currency is not yet fully established in the industry – but this will certainly change in the future.
How legal is Gambling with BitCoins Now?
It all depends on the legal system you are in. However, most countries consider the BitCoin currency to be legal without restrictions, which is why gambling with this currency is also legal. Furthermore, because BitCoins are very anonymous, players do not need to enter any personal information, so it is rare to find them.
Nevertheless, if you are not from Australia, you should inform yourself about the legal regulations for the virtual currency and proceed only with caution when playing online games of chance – because this is hardly controlled or regulated so far, so that there are some online casinos that are not very serious.
Also, because the BitCoin gambling is gaining more and more popularity, more and more providers of this kind are emerging on the market – to read the experience reports of other users on these and also to visit test reports on these, can not hurt and should be done by every player before registration.
Bitcoin Friendly Casinos
Bitcoin friendly casinos allow you to deposit and play with Bitcoins. The winnings are booked in Bitcoins and paid out as Bitcoins. Of course, it is also possible in these casinos to continue to use old currencies, such as dollars.
Are Bitcoin Casinos Reliable?
Just as the Bitcoin or other crypto currencies are not fake, the Bitcoin casinos we recommend are not fake or fraudulent. Of course, we cannot guarantee how far a casino deals with its customers. But we try to be as transparent as possible.
Ultimately, this also benefits the casinos.
Bitcoin friendly casinos are not yet very widespread. It looked good for a while and everyone expected more casinos to jump on this bandwagon. Currently, however, the Bitcoin is subject to various bans in China. This caused a severe setback for the currency.
Their exchange rate collapsed considerably. At least one casino is also affected by the ban. It will have to show itself thus still, to what extent the Bitcoin can become generally accepted in the Casino world.
Deposits and Withdrawals
Deposits into Bitcoins are made as the usual transfers. The casino has its own wallet and you simply transfer the Bitcoins within the blockchain from your wallet to the casino’s wallet.
Since you have previously identified yourself within the casino with your pseudonym, the deposit is automatically assigned to the right person.
What You Need to Know About the Currency
- The digital currency is decentralized – it is not controlled by any authority.
- Peer-to-peer payment method – the electric payment can be sent directly without passing through a financial institution.
- BitCoins can be used for digital purchases.
- You can set up and use your BitCoin usage address quickly.
- BitCoins are not available in printed form – they are only available as public or private key credits, which are kept in a ledger accessible to everyone.
- BitCoin payments are made within minutes and are therefore fast to the recipient.
- BitCoin payments are irrevocable.
- Anyone can view the BitCoin software.
- BitCoin payments are made for very low fees.
- Your BitCoin account cannot be frozen as there are no restrictions.
- BitCoins are based on mathematics – they are created and used by software that follows mathematical formulas.
- BitCoin Mining means that you use your computing power to update general ledger entries and create new BitCoins.
- BitCoins are only available in limited numbers.
- The BitCoin project was developed in 2007, the first electronic coins were produced in 2008 and the first BitCoin transaction was successfully completed in 2009.
By the way: BitCoins are allowed in Australia but not in all countries. Although most countries accept the currency as a legal currency, it is subject to strong restrictions in other countries or has even been banned altogether. Other countries have not yet defined any legal requirements for the currency.
Playing online casino with Bitcoins has many advantages. Anonymity is certainly one of the main reasons why many players used this currency in the beginning.
In the meantime, however, the incentive of currency trading has also been added. Bitcoins, which can be “temporarily stored” in the casino and paid out at any time, also change their value there.
The number of online casinos that acknowledge Bitcoin is increasing. This will make it easier for players to make their choice in the future.
Overall, Bitcoin casinos are a clever alternative to online casinos, which currently only operate with FIAT currencies.