Bitcoin has suddenly taken the world by storm and is now a very well known currency all over the world. Despite some criticism from some misinformed individuals, it continues to challenge the status quo of international currencies. It is traded every day by currency traders, and it is accepted as a currency now by many websites.
It is no surprise that casinos now take bitcoin along with other regular currencies. Here is a review of the best bitcoin casinos in India and others which are just perfect for bitcoin.
What is a Bitcoin?
Bitcoin is a broad term which has many different components. There are bitcoin tokens which are the codes that show ownership; this is similar to a virtual outstanding payment. There is also the bitcoin protocol. It is a sizeable encrypted network with a ledger of balances with bitcoin tokens. Both can be considered bitcoin.
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Bitcoin is a cryptocurrency. It has been made by people with considerable knowledge about complex algorithms for mining bitcoin. Bitcoins can be used for many standard monetary transactions. It is not traceable, and there is no central authority looking over them.
How to buy Bitcoin in India
The simplest method of acquiring bitcoin is to purchase it through a bitcoin exchange. Many exchange sites can be found on Google. It is easy to deposit money via bank transfer or by using other payment methods such as debit cards, credit cards or PayPal. When the amount is deposited on the exchange, it is then possible to buy and conduct the transaction.
Banks usually have to be accountable to a central bank, and therefore there is continual government scrutiny and control. Bitcoin is a payment system in which people, websites or organizations can make payments between each other without payment companies or banks.
There is no printed currency, unlike dollars, pounds and other currencies. It is just an electronic currency, and the only way that the currency can be produced is by being mined from computers with special software.
There is a limited number of bitcoins which can be mined. Bitcoin was the first cryptocurrency, and several others have followed since it was created.
Why should I use Bitcoin online?
There are many advantages to using bitcoin. Firstly it is anonymous, and there is no information attached to a person’s identity. It can’t be traced back to the person’s identity. The bitcoin address for each purchase changes. As mentioned, there are no governments or banks which look over transactions or freeze them.
This results in more freedom and less intrusion. There is no way to identify or intercept transactions, and there is little tax on purchases made when using bitcoin. Another advantage is the low fees associated with transactions. The cost of international transactions is low because of very little government involvement.
The currency is excellent for people travelling because it is low cost, quick and eliminates much authorization and waiting. Payments with bitcoin can be made on mobiles and anywhere that the internet exists. No banks needed, no storage, no issues with security and no store to go to.
What is a Bitcoin Casino?
Bitcoin casinos are simply online casinos which use bitcoins in their payment methods without the use of third parties, banks and institutions. Bitcoins use a peer-to-peer connection between users only, with minimal fees and anonymity. The only thing required for a user to send and receive is a bitcoin address code, with 27 to 34 numbers and letters.
There are some online casinos which use bitcoins exclusively, but usually, it is just one of many currencies that can be used by players. Casinos with many currencies including bitcoin, accept bitcoin deposits and withdrawals, but the deposited funds may be converted into other currencies, such as US dollars.
There are some essential things to look for when searching for bitcoin casinos. Good bitcoin casinos will use provably fair software, and if the website gives information about this, it is more than likely they have considered fair algorithms for gaming. If they do not provide such information, then choose another gaming provider.
Players should consider if their bitcoin casino is legal, including the business partners and networks they are associated with. Look for expert reviews, user’s opinions as well as forums dedicated to gaming. Players should check the terms of service, including bonuses and regulations carefully. The more confusing the terms of service, the more likely that the website is fraudulent.
It is essential to clarify with support something complicated, to ensure an enjoyable playing experience.
Best Bitcoin Casinos For Indians
Nitrogen Sports: Offers a transparent betting experience using bitcoin currency for several sports and also provides many casino games. Getting help and information is easy with a chat bar on the top of the screen. There is a minimum bet of 0.001 BTC.
It is possible to withdraw bitcoin transactions very quickly, unlike many other companies which can take two or three days. There are two promotions offered by Nitrogen Sports. It also has a monthly Parlay Jackpot. Nitrogen increases the bet into the Parlay Jackpot. Bets are broken into Featherweight, Middleweight, and Heavyweight. The largest parlay wins a prize in each pool to win the jackpot.
Offers a great place to bet using bitcoin and like Nitrogen, most sports are covered by the company. They also offer casino and live betting services as well as typical sports bets. Players can be assured of anonymity while using bitcoin on the website.
This means anyone can play throughout the world. Players receive a triple stake on their first bet once they have made a deposit. They also have a price boost on each sport that is received daily only. Players can receive up to a 10% bonus. It is possible to get support by email but can take time. There is also a live chat app for instant assistance.
This is a fast, mobile-friendly online casino with unlimited withdrawals on some payments. The online casino has a live chat 24 hours a day which is also mobile-friendly. It has fast registration with multiple currencies available, including bitcoin. Games include slots, table games, crypto games, and live casino games.
Various languages can be used on the website. BaoCasino has a live casino including baccarat, roulette and blackjack. Some countries are restricted, but not India. The casino has 128-bit SSL encryption technology which is perfect for sensitive information such as credit card numbers. They also use a random number generator, so players can maintain anonymity and security.
This online casino has a neat and modern design which can be accessed in 49 languages. It can be reached in many jurisdictions. They offer online slots, table games, baccarat, bingo and other types of games.
Registration is easy, and can even be made through social media. It has many games on mobile. There is a welcome bonus of 100% up to 300 euros and 30 free spins. It has a 100% welcome offer and 30 free spins on the Down the Pub online slot.
There are also tournaments and events in the gaming industry. There is a loyalty and VIP program and a vast array of payment methods, including bitcoin.
This casino allows the player to enjoy bonuses, have access to numerous games, and receive fast payouts. There is an easy to navigate gaming screen, and there are many slot games. A first deposit bonus is given to anyone who signs up. Simply top up the account with any amount and receive a 100% bonus up to 1 BTC.
A second deposit bonus gives a 50% bonus up to 1 BTC with a deposit of any amount. Players can contact the gaming hub’s support team through email and 24/7 live chat for more information.
The casino has a VIP program for specific players. The gaming hub also hosts regular tournaments that will give you a chance to win rewards from a massive prize pool.
Aims to give players the best possible experience. It has excellent customer support and provides a secure environment with some of the most up to date gaming on the internet. The company started by offering games which could only be played with bitcoins, but now accepts other cryptocurrencies and currencies.
It has over 850 great games and a live casino including roulette, blackjack, baccarat and even a lottery. It has fast deposits and cash-outs and multi-languages. An invitation is offered to participate in the Bitstarz slot wars race with up to 5BTC to be won.
People receive a 50% reload bonus weekly, free cash and cash drop campaigns, as well as 20 no deposit free spins. The hash checking app on the site is also quite helpful for those of you who want to check after every single spin that the reels were displayed fairly. It has a 24/7 support feature with trained staff.
Offers a large selection of games with 24/7 support, top security and over 1000 games. Players can enjoy multicurrency transactions, including bitcoin. The online casino bonus includes a unique VIP program.
Players who register an account for the first time automatically gain access to an excellent welcome package worth up to $450 or 0.2 BTC. The first three deposits are boosted with bonus funds. The initial deposit includes a 100% match bonus up to $200 or 0.10 BTC. It also includes 50 free spins on select games. Second deposit members enjoy a 75% bonus of up to 0.05BTC or $150, plus 50 free spins on some games.
Third deposits receive a 25% bonus of up to 0.05BTC or $100 plus 50 free spins on select games. There are also daily promotions. The VIP reward program members can choose the bonus they want, and VIP programs include 8% weekly cashback, weekly bonuses, higher comp points, and free spin deposit bonuses for the select members.
MBit Casino Is The Best Bitcoin Casino in India
MBit is our choice because it offers 1138 casino games to choose from, including almost all kinds of casino games you can imagine. It has a minimal casino lobby which is easy to navigate and is also fast. mBit Casino also features popular live dealer games, where a video is broadcast live from a dealer studio.
MBit casino offers casino games, slots, and it has a VIP program. The casino offers a first deposit bonus of 110% up to 1 BTC and 250 free spins. There is also a second deposit bonus of 50% up to 2.5 BTC. A third deposit bonus of 75% up to 1.5BTC also exists. The total of the deposit bonus is 5 BTC and 250 free spins. There is also a no deposit bonus of 50 free spins. Bonuses are valid for 30 days, and other wagering conditions apply.
Bitcoin is a fantastic new pay feature for many online casinos all over the world, including India. The benefits include cheaper fees, privacy, and anonymity, as well as fewer institutions and banks looking over transactions.
Bitcoin can be purchased within minutes online, and the cryptocurrency is traded against other currencies all over the world daily. That means that bitcoin looks like it is here to stay despite the critics. It is no wonder that online casinos can see the benefits of anonymity and cheap fees for its players.
Many bitcoin casinos now exist all over the world, and the cryptocurrency is one of the leading ways to deposit money into a player’s account. Many of these casinos offer an excellent variety of slots, casino games and many other types of sports betting for players in India. The same can be said for new player bonuses and promotions which may exclude Indian players, but this will depend on the gaming provider, as well as the terms and conditions of each website.
Many bitcoin casinos have been mentioned, but the best, in our opinion, is mBit. Indian players will enjoy themselves on any of the sites above, but this one stands for its fantastic bonuses.