Over the years, there have been dozens, if not hundreds of ways to fund accounts via online gaming sites like casinos. You could use credit cards like MasterCard, Visa, AMEX, and more. You could use e-wallets like the industry-leading PayPal, Neteller, and more. Bank deposits, wire transfers, and other live banking methods have been used. Even gift cards have been used to help people fund their gambling accounts. It really all depends on which site you choose.
The more popular the site, and the larger it's base, the more deposit and withdrawal methods you will typically find. However, over the past year or so, a new player has stormed its way into the marketplace, and it's all the rage. We are speaking, of course, about Bitcoin. At Legal Online Blackjack, we hope to enlighten you on the Bitcoin topic so that you can make the best decision possible.
Top Rated Casinos Accepting Bitcoin Deposits
These are the most reputable bitcoin blackjack sites in the industry and have been carefully vetted by me personally. Unlike casinos that use major software providers such as Real Time Gaming, Microgaming and Playtech, anyone can really buy a bitcoin casino script on the cheap and become the house very easily.
As bitcoin continues to become adopted, the bigger names in the industry are finally coming around to offering bitcoin as well. So instead of recommending the fly-by-night casinos that offer bitcoin, we choose to recommend the biggest and most reputable sites in the industry that have started accepting bitcoin deposits.
Bovada Casino #1 Bitcoin Casino
We chose Bovada Casino as our #1 bitcoin blackjack site for numerous reasons. First of all they are extremely reputable and their parent company "Bodog" has been in the gambling industry for over a 2 decades growing into one of the largest and most reputable sites available to both USA and international players. Second is they offer all types of betting action under one roof. So whether you want to enjoy blackjack, live dealer blackjack, sports betting, poker or even horse betting, they've got you covered. Bovada started accepting Bitcoin deposits in 2016 which is a god send to USA players as it allows for more expedient deposits and withdrawals. Claim a 100% bonus up to $250 on your first 4 deposits for a total of $1,000 free.
|Casino Name And Link||Blackjack Specific Bonus Offer||Software||USA|
|Cafe Casino||500% Bonus Up To $5,000||RTG|
|Slots.lv Casino||100% Bonus Up To $500||RTG|
|Ignition Casino||100% Cashable Bonus Up To $1,000||RTG|
|Sun Palace Casino||100% Bonus Up To $10,000||RTG|
|Roaring 21||100% Bonus Up To $1,000||RTG|
|Casino Max||150% Bonus Up To $1,500||RTG|
|Vegas Casino Online||150% Cashable Bonus Up To $3,000||RTG|
|Slots Plus Casino||150% Cashable Bonus Up To $3,000||RTG|
What is Bitcoin?
Bitcoin is a digital currency that was actually introduced in 2009, six years ago, but it didn't really begin taking off until around two years ago, when it became a popular currency exchange for online gambling. This digital currency deals with no banks, and no central authority; it is an entirely independently created currency, with zero government involvement. The upshot here is that governments cannot trace it, nor can they regulate it. The idea of Bitcoin as a payment system was thought up by Satoshi Nakamoto, and this P2P payment system was released as an open-source program to the public in 2009.
The particulars of Bitcoin are exceedingly technical, as these coins can actually be created with computer algorithms. The supply growth is also limited, with 25 coins per a block, which is formed every ten minutes until 2016, at which point that will be cut in half to 12.5 until 2020. This halving of the blocks will continue until 2140, theoretically, when 21 million Bitcoins have been put into circulation. So there is a limit here. However, they can be split infinitely, until the smallest possible fractions, and as long as each "bit" of a coin is worth something, you have a currency.
Bitcoin mining, whereby an individual uses a very powerful computer to generate coins for a reward for other activities, is what really launched Bitcoins as a popular currency. But once they were found on poker sites, and used in online casinos, their popularity went through the stratosphere. To date, financial regulators and governments aren't too pleased with the coins, but there's really not much they can do, beyond going very Draconian, to stop the currency.
Are Bitcoins Worth My Investment?
Some of you may be thinking of getting into the Bitcoin market so you can play a game like blackjack, but you're not entirely sold on the idea. Just look at it this way. About two years ago, you could use a full Bitcoin at some places to purchase yourself a couple of large pizzas for a football party. People who accepted them were typically valuing the coins at around $20-$50, depending on where you went. Today, one coin is worth around $8,000.
Purchasing a full Bitcoin also doesn't mean you have to use the whole thing when you play a game of blackjack. You can split it up yourself and only put a fraction of the coin into the system. For instance, you enter that you want to deposit $100, and they'll just take roughly 32% of your coin to equal that amount, leaving you with the rest of it. Below you will see that there are quite a few solid benefits of using Bitcoins to fund your gaming accounts.
The Process of Funding an Account with Bitcoins
The process of loading your blackjack account up with Bitcoin is primarily going to depend on the site you choose. This is why it's important that you allow our site to guide you in the right direction. Just because a site allows for a Bitcoin option doesn't mean that things are going to be necessarily easy. We vet these sites thoroughly and make sure they meet a high standard.
After you create an account at a site listed below you will click the banking option where you can fund your account. There you will see different options including credit cards, Neteller, Bitcoin, etc. Choose the Bitcoin option, at which point you will be taken to a new page and prompted to enter your Bitcoin wallet info. This is how the site is going to extract money.
Benefits Of Playing Blackjack With Bitcoin
So, you're close to choosing Bitcoin as an option but you need a few more positives to push you over the edge? Completely understandable. Here are just a few of the many benefits you can experience by choosing Bitcoin as your banking option:
- Bitcoin is becoming more popular everywhere, so it can replace existing currencies in many instances
- Bitcoin blackjack sites will often do even more to entice you over, by offering big bonuses and promotions
- Some Bitcoin sites actually allow you to play completely anonymously, never having to give up your personal information
- Bitcoins may end up going up in value by a great margin, meaning you can make money by just sitting on them
- All Bitcoin transactions are instant, whether depositing or withdrawing
- Bitcoins have no regulatory body and no government interference
- This is perhaps the most secure method of funding a website account that exists today
- Bitcoin sites are hugely popular and will have plenty of traffic
- Sites that are more popular tend to offer more games, so you'll find more varieties of blackjack to play
Most of the sites that accept bitcoin also offer live dealer blackjack games.
Is "Bitcoin Blackjack" Played Any Differently?
The last thing you may want to know is whether or not a Bitcoin blackjack site/game is any different than a regular blackjack site/game. Most of the blackjack games you find will be available via online casinos rather than blackjack-specific sites, and so any Bitcoin-specific rules, changes or graphics would have to take place for all the games. So you can be sure that the games themselves will be played the same as they always have been. The difference here is only in the way you fund your account, or in the way you can play anonymously on the site (if the site allows). When it comes to rules, graphics, limits, game types, etc, blackjack is still played exactly the same on a Bitcoin site.
We won't urge you to jump on the Bitcoin bandwagon; we'll just remind you that there are many benefits to doing so. If you have been pondering Bitcoins as an option, hopefully, this information will provide you with the tools to make the best decision for your personal game.
Helpful Links For Bitcoin Users
Official Bitcoin Site - The official site offers pretty much everything you ever wanted to know about Bitcoin.