It can be hard to find a decent Bitcoin casino for anyone new to the iGaming scene. There are several gambling sites that accept the cryptocurrency. Only a handful of these places provide the right protection for its players and offer a fair service.
This handy online Bitcoin casino guide can show Bitcoin owners what to look for in a gambling site. Some examples of things to check are the casino’s license and its withdrawal policy.
Almost all casinos will have its deposit policy up front. This includes the payment options it accepts and the minimum deposit requirement. However, not all casinos are very open with its withdrawal policy.
There are certain casinos that accept Bitcoin and are willing to have no minimum deposit requirement. These casinos, though, may not have an option for a player to withdraw his winnings to his Bitcoin wallet. Many of these casinos only allow a player to withdraw his bankroll via a bank wire or through an electronic check.
Another withdrawal hitch that a Bitcoin user might encounter is high withdrawal minimums. Some casinos might allow a player to withdraw his bankroll to his Bitcoin wallet. These casinos though may have a minimum withdrawal requirement of $100 worth of Bitcoin or higher.
Players who are visiting a Bitcoin casino for the first time should check on the cashier page. This is where anyone can find out more about the iGaming site’s withdrawal policy. If there is no info on the withdrawal options or minimum requirement, players should get in touch with the site’s support before making a deposit.
A license essentially tells a player that he has protection when he decides to put money down in a regulated casino. A player can escalate a problem with a casino to the regulation office if he cannot get the resolution he wants from the gambling site’s support team.
It is important to factor in the jurisdiction where the license comes from. Certain regulation offices are lax in its regulations and rules where just about anyone can obtain a license. Strict jurisdictions such as the ones from Malta Gaming Authority or the Gambling Supervision Commission (Isle of Man) provide better security to any players.
Security and Fairness
Following the trend of security, it is a good idea to pick a Bitcoin casino that has an SLL encryption to its website. This is a security measure that encrypts any sensitive information such as a player’s email and password.
Fairness of a game is an important factor to almost any player. Fortunately, there are two ways to ensure that the games provide a fair result. One of which is the provably fair feature which is often in Bitcoin dice games like on MegaDice and Crypto-Games.net. Another is to check if the games in the casino have gone through a third-party auditor or companies that check on the fairness of a game. Some examples of these are iTech Labs and eCogra.