Top Bitcoin Casinos
See the Top Online Casinos with Bitcoin
Bitcoin is a digital currency first created in 2009 as an alternative to traditional government/bank-backed currency. This is precisely what makes them unique - not being tied to any government means that their access and use is free, unregulated and dependent entirely on its users without being artificially inflated or conflated by a governing body.
#AD £20 min deposit • 100% up to £100 Bonus • Bonus wins are capped at £500 • To withdraw bonus & related wins, wager 30 x (bonus amount) within 90 days • Restrictions apply to deposit until wagering requirement fulfilled • Wagering req. vary by game • This offer may not be combined with any other offer • Withdrawal restrictions & full T&Cs apply
18+. Play Safe. New UK customers only. Opt in required. 1x per customer. Min. £10 deposit. 1st deposit only. Selected games only. Max. Bonus £100 with 15x wagering and 100 Free Spins at £0.20/spin on Lucky Mr Green with 15x Wagering. Free Spins and Bonus credited once deposit amount has been wagered on slots. Bonus and Free Spins expire 7 days after issue. Game weighting, game, country, currency, player restrictions and terms apply.
18+. New UK customers only. Opt-in required. 20 Bonus Spins on "Book of Dead" and 100% Deposit Bonus up to £25 on first deposit. Min deposit £10. 30x wagering requirement for Bonus Spins and 30x wagering requirement for Deposit Bonus (game weighting applies). Max £5/spin or £0.50/line or £50/round (live casino). 30 days expiry. T&C's Apply. Please gamble responsibly
www.begambleaware.org
visa, visael, mastercard, neteller, skrill, webmoney, sofortuberweisung, bankuberweisungen, entropay, paysafecard, ecopayz, astropay, boleto
Microgaming, NetEnt, Playtech
ios, mobilesite
1
American Roulette, Baccarat, Blackjack, Blackjack Surrender, Classic Blackjack, Craps, European Roulette, French Roulette, Live Blackjack, Live Roulette, Multiwheel Roulette, Poker, Stud Poker, Texas Hold'em Poker
0
yes
yes
100
100
100
9.5
Casino.com
9.5
Welcome Package
£100
RTP
96.50%
1st Deposit Bonus
£100
Turnover
x40
1st Deposit %
100%
No Deposit Bonus
20
Free Spins
Software
Spins: Wins given as Bonus. 20X WR. Select Games Only. Bonus: £20 min.dep. 40X WR on bonus. Game weighting Applies. Valid 30 days. Max bonus bet: £5 Slots, 10% Bonus on others
visa, mastercard, bitcoin, applepay
BGaming, Endorphina, Playson, Pragmatic Play
android, ios, windows, mobilesite
0
Blackjack, European Roulette, Poker
0
no
no
15
2000
2000
9.3
Bitcoin.com Games
Full T&Cs apply. Free spins - no deposit required & new players only. Claim within 3 days of registration & 3 day expiry. Free spins worth £0.10 each on Book of Dead, winnings paid as cash. Deposit offers available across any two deposits. Both expire 7 days after registration & have 7 days to wager once claimed. Deposit £10, £25 or £50+ & wager 35x for a cash reward. Only cash stakes qualify & wagering contributions vary. 5 free spins on Book of Dead with each qualifying deposit, 3 day expiry. BeGambleAware.org /
No Deposit offer:
Full T&Cs apply. No deposit required & new players only. Claim from “My Offers” within 3 days of registration & 3 day expiry. 10 free spins worth £0.10 each on Book of Dead, winnings paid as cash. 18+ BeGambleAware.org.
Full T&C here
Only available to new, verified customers residing in the UK. Place a first ever bet (pre-match; £15 min. stake; min. 3 selections; min. odds 1.5 per selection). Get a £5 free in-play sports bet, 15 free spins on eligible games, £5 in bonus money (2x£5) on BetConstruct Blackjack and Keno and a £5 free bet at BetConstruct Virtual Sports. Payment method restrictions apply. T&Cs apply. 18+. Please gamble responsibly. BeGambleAware.org
UK only. 20 Casino Spins on Starburst when register + 100% Deposit Bonus up to £25 on first deposit. ComeOn Casino only. Wagering requirement 35 x bonus and deposit amount
paypal, visa, mastercard
Bally Wulff, Big Time Gaming, Blueprint Gaming, ELK, Evolution Gaming, IGT, iSOFTBET, Microgaming, NetEnt, NextGen, Novoline, NYX, Play`n GO, Realistic Games, Red Tiger, Thunderkick, Yggdrasil
android, ios, mobilesite
1
Baccarat, Blackjack, European Roulette, Live Baccarat, Live Blackjack, Live Roulette, Poker, Texas Hold'em Poker, Three Card Poker
0
yes
no
100
100
50
8.8
21.co.uk
8.8
Welcome Package
£100
RTP
95.50%
1st Deposit Bonus
£50
Turnover
x75
1st Deposit %
100%
No Deposit Bonus
£10
Software
Full T&Cs apply. New players only across two deposits. Cash rewards have 7 days from registration to opt-in from “My Promotions” page & each with 7 days wagering. Deposit £10, £25 or £50 & wager 75x. Only cash stakes on live games qualify & wagering contributions vary
visa, visael, mastercard, bankuberweisungen, paysafecard
Amaya Gaming, Bally Wulff, IGT, Microgaming, NetEnt, NextGen, Novoline, Play`n GO
android, ios, mobilesite
1
American Roulette, Baccarat, Blackjack, Classic Blackjack, European Roulette, Live Blackjack, Live Roulette, Multihand Blackjack, Poker, Stud Poker, Texas Hold'em Poker, Three Card Poker
0
no
yes
300
30
30
8.8
BetVictor Casino
8.8
Welcome Package
£30
RTP
96.80%
1st Deposit Bonus
£30
Turnover
x40
1st Deposit %
300%
Free Spins
100
Software
18+ new customers only. Deposit, opt in and wager £10 on selected games within 7 days of opening new account. Get 3 x £10 bonuses for selected games with up to 40x wagering plus 100 Free Spins. Bonuses expire in 7 days. Max redeemable from bonuses £750. 100 Free Spins have no wagering and expire in 7 days. T&C's Apply. Please Gamble Responsibly.
First Deposit Only. Min. deposit: £10, max. Bonus £100. Game: Ninja Master, Spin Value: £0.2.WR of 30x Deposit + Bonus amount and 60x Free Spin winnings amount (only Slots count) within 30 days. Max bet is 10% (min £0.10) of the free spin winnings and bonus amount or £5 (lowest amount applies). Free Spins must be used before deposited funds. First Deposit/Welcome Bonus can only be claimed once every 72 hours across all Casinos. Bonus Policy applies.
paypal, visa, visael, mastercard, neteller, skrill, dinersclub, webmoney, bankuberweisungen, entropay, paysafecard, ecopayz, ideal, yandexmoney, trustly, neosurf
Playtech
android, ios, mobilesite
1
American Roulette, Baccarat, Blackjack, Blackjack Surrender, Classic Blackjack, Craps, European Roulette, French Roulette, Live Blackjack, Live Roulette, Multihand Blackjack, Multiwheel Roulette, Poker, Single Deck Blackjack, Texas Hold'em Poker
0
yes
no
100
300
300
8.0
William Hill Casino
8.0
Welcome Package
£300
RTP
95.94%
1st Deposit Bonus
£300
Turnover
x40
1st Deposit %
100%
No Deposit Bonus
£15
Software
Opt in required. New customers to Casino page only. Min Buy in £10. Bonus value 100% of Buy in. Max Bonus £300. 40x wagering. Max withdrawable £2,000. Bonus expires after 7 days. Stake contributions, country, currency, game restrictions and terms apply.
visa, visael, mastercard, neteller, skrill, paysafecard, trustly, zimpler
Big Time Gaming, IGT, Microgaming, NetEnt, Red Tiger, Scientific Games, Yggdrasil
mobilesite
1
Baccarat, Blackjack, Classic Blackjack, European Roulette, French Roulette, Live Blackjack, Live Roulette, Poker, Stud Poker, Texas Hold'em Poker, Three Card Poker
0
no
yes
100
500
100
8.0
Love Reels
8.0
Welcome Package
£500
RTP
95.00%
1st Deposit Bonus
£100
Turnover
x40
1st Deposit %
100%
Free Spins
100
Software
100% match bonus up to £100 and 10 Spins on Cleopatra slot
paypal, visa, visael, mastercard, bankuberweisungen, entropay, paysafecard
Playtech
android, ios, windows, mobilesite
1
Baccarat, Blackjack, Blackjack Surrender, Classic Blackjack, Craps, European Roulette, French Roulette, Live Baccarat, Live Blackjack, Live Roulette, Multiwheel Roulette, Poker, Stud Poker, Texas Hold'em Poker
0
no
no
100
50
50
7.9
Bet365 Casino
7.9
Welcome Package
£50
RTP
96.51%
1st Deposit Bonus
£50
Turnover
x30
1st Deposit %
100%
Valid Days
30 days
Software
New Games customers only. Deposit/transfer between £10 and £50 to claim. Wager 30x on eligible games. Bonus will be matched to qualifying deposit. Time limits, game restrictions and T&Cs Apply.
visa, visael, mastercard, skrill
Bally Wulff, Blueprint Gaming, IGT, Merkur, Novoline, Playtech
android, ios, mobilesite
1
Baccarat, Blackjack, Classic Blackjack, European Roulette, French Roulette, Live Blackjack, Live Roulette, Multiwheel Roulette, Poker, Stud Poker, Texas Hold'em Poker, Three Card Poker
0
no
no
100
100
100
7.8
Genting Casino
7.8
Welcome Package
£100
RTP
95.94%
1st Deposit Bonus
£100
Turnover
x20
1st Deposit %
100%
Valid Days
15 days
Software
100% Bonus: 20x wagering on combined deposit and bonus total (% game weightings and play restrictions apply). Max bonus bet £5 (£10 live casino) 15 days to accept, 40 to complete. £5 bonus: After deposit bonus wagered, selected games only. 1x wagering, 7 days to accept, 7 to complete, max withdrawal from winnings £100. Full T&C’s here.
paypal, visa, visael, mastercard, neteller, paysafecard
Bally Wulff, IGT, Microgaming, NetEnt, Novoline, Play`n GO, Realistic Games
android, mobilesite
1
Baccarat, Blackjack, European Roulette, Live Blackjack, Live Roulette, Poker, Texas Hold'em Poker
0
no
yes
100
100
100
7.8
Aspers Casino
7.8
Welcome Package
£100
RTP
95.00%
1st Deposit Bonus
£100
Turnover
x50
1st Deposit %
100%
Free Spins
100
Software
New players only. Min deposit £20, Max bonus £100. 50x WR, 100 Free Spins - 10 batches of 10 Free Spins Daily - No WR - Max Win £10 per batch. T&Cs Apply 18+
paypal, visa, visael, mastercard, neteller
Microgaming, NetEnt
android, ios, mobilesite
1
Baccarat, Blackjack, Classic Blackjack, Craps, European Blackjack, European Roulette, French Roulette, Live Roulette, Poker, Stud Poker, Three Card Poker
0
no
yes
100
250
250
7.6
Hippodrome Casino
7.6
Welcome Package
£250
RTP
94.95%
1st Deposit Bonus
£250
Turnover
x50
1st Deposit %
100%
Free Spins
55
Software
New customers only. Opt-in required. 100% Match Bonus up to £250 on 1st deposit of £20+. 50x bonus wagering applies as do weighting requirements. Credit Card, Debit Card & PayPal deposits only. Irregular gameplay may invalidate your bonus
paypal, visa, visael, mastercard, neteller, paysafecard
Bally Wulff, IGT, Merkur, Microgaming, NetEnt, Novoline
android, ios, mobilesite
1
Baccarat, Blackjack, Classic Blackjack, European Roulette, Live Blackjack, Live Roulette, Multihand Blackjack, Poker, Texas Hold'em Poker, Three Card Poker
0
yes
no
100
20
20
7.6
Grosvenor Casino
7.6
Welcome Package
£20
RTP
95.60%
1st Deposit Bonus
£20
Turnover
x5
1st Deposit %
100%
No Deposit Bonus
£20
Software
The minimum eligible deposit is £20. Only one bonus per player. To withdraw a bonus and associated winnings, players must wager a total of five (5) times the bonus amount, e.g. £20 x = £1
New players only • 100% up to £200 FreePlay (FP) • £20 min deposit • FP expires after 14 days and wins are capped at the amount of FreePlay received, exc. JP win • FP wins are credited as bonus • Bonus wins are capped at £500 • To withdraw bonus & related wins, wager 30 x (bonus amount) within 90 days • Wagering req. vary by game • This offer may not be combined with any other offer •
paypal, visa, visael, mastercard, neteller, skrill, giropay, bankuberweisungen, paysafecard, eps
Bally Wulff, Betsoft, IGT, Microgaming, Playtech
android, ios, mobilesite
1
Baccarat, Blackjack, Blackjack Surrender, Classic Blackjack, Craps, European Roulette, French Roulette, Live Blackjack, Live Roulette, Multihand Blackjack, Multiwheel Roulette, Poker, Stud Poker, Texas Hold'em Poker
0
no
yes
500
50
50
7.5
Ladbrokes Casino
7.5
Welcome Package
£50
RTP
95.05%
1st Deposit Bonus
£50
Turnover
x40
1st Deposit %
500%
Free Spins
10
Software
18+. New players only. Min bet £10 on qualifying games get £50 Casino Bonus (40x wager reqs) on selected games + 10 Free Spins for Eye of Horus (spin value=10p each). Bonus & Free Spins valid for 30 days. Certain deposit types excluded. Bets covering >70% of Roulette table excluded. T&Cs Apply.
paypal, visa, visael, mastercard, neteller, skrill, paysafecard
Playtech
android, ios, windows, mobilesite
1
American Roulette, Baccarat, Blackjack, Classic Blackjack, Craps, European Blackjack, French Roulette, Live Blackjack, Live Roulette, Poker
0
no
yes
110
0
7.0
Gala Casino
Max bet limitations per spin apply. 35x wagering requirements apply (i.e the bonus x35). Higher wagering requirements may be applied depending on the games played. 18+.T&C apply, See Below.
Minimum deposit of £10 Bonus funds are 121% up to £300 And separate to cash funds. 35X Bonus wagering requirements. £5 max bet with Bonus. Bonus must be used within 30 days otherwise any unused Bonus shall be removed. Terms apply. BeGambleAware.org
visa, visael, mastercard, neteller, skrill, giropay, webmoney, sofortuberweisung, bankuberweisungen, paysafecard, eps, ecopayz, ideal, entercash, qiwi, astropay, trustly, neosurf, zimpler, euteller
ELK, Evolution Gaming, Microgaming, NetEnt, NextGen, Quickspin, Yggdrasil
mobilesite
1
American Roulette, Baccarat, Blackjack, Classic Blackjack, European Roulette, French Roulette, German Roulette, Live Blackjack, Live Roulette, Single Deck Blackjack
0
no
yes
100
150
150
6.9
Betat Casino
6.9
Welcome Package
£150
RTP
94.50%
1st Deposit Bonus
£150
Turnover
x30
1st Deposit %
100%
Free Spins
50
Software
£20 minimum deposit. x30 times the bonus + deposit amount must be wagered on Eligible Games within seven (7) days of accepting the bonus in order for the bonus funds to become withdrawable. maximum bet of €/£5. T&Cs apply. BeGambleAware.org
paypal, visa, visael, mastercard
Amaya Gaming, NetEnt, NextGen, Novoline, Playtech
android, ios, mobilesite
0
Baccarat, Blackjack, French Roulette, Poker
0
yes
no
400
40
40
6.6
Sky Vegas
6.6
Welcome Package
£40
RTP
95.00%
1st Deposit Bonus
£40
Turnover
x40
1st Deposit %
400%
No Deposit Bonus
50
Free Spins
Software
New customers only. Opt in required.
Min £10 staking requirement applies.
Max bonus £40 with X40 a wagering requirement, to which table & card games contribute 20%, 30 day bonus expiry period applies. Eligibility restrictions apply
Further T&Cs apply
visa, visael, neteller, paysafecard
Bally Wulff, Big Time Gaming, Blueprint Gaming, ELK, Evolution Gaming, IGT, iSOFTBET, Microgaming, NetEnt, NextGen, Novoline, NYX, Play`n GO, Realistic Games, Red Tiger, Scientific Games, Thunderkick, WMS, Yggdrasil
android, ios, mobilesite
1
Baccarat, Blackjack, Classic Blackjack, European Roulette, Live Blackjack, Live Roulette, Multihand Blackjack, Poker
0
yes
yes
100
100
50
6.5
Pink Casino
6.5
Welcome Package
£100
RTP
95.60%
1st Deposit Bonus
£50
Turnover
x50
1st Deposit %
100%
No Deposit Bonus
£10
Software
New players only across two deposits. Cash rewards: 7 days from registration to opt-in from “My Promotions” page & each with 7 days wagering. Deposit £10, £25 or £50 & wager 35x. Only cash stakes qualify & wagering contributions vary, bingo excluded. 5 free spins worth £0.10 to be claimed within Book of Dead with each qualifying deposit, 3 day expiry.
paypal, visa, visael, mastercard, neteller, skrill, bankuberweisungen, paysafecard
Big Time Gaming, Blueprint Gaming, IGT, NetEnt, Play`n GO, Playtech, Pragmatic Play, Red Tiger
android, ios, mobilesite
1
American Roulette, Baccarat, Blackjack, Blackjack Surrender, Classic Blackjack, Craps, European Roulette, French Roulette, Live Baccarat, Live Blackjack, Live Poker, Live Roulette, Poker, Single Deck Blackjack, Texas Hold'em Poker, Three Card Poker
0
yes
yes
100
0
6.2
Betfair Casino
paypal, visa, visael, neteller, skrill, bankuberweisungen, paysafecard
Playtech
android, ios, mobilesite
1
Baccarat, Blackjack, Craps, European Roulette, French Roulette, Live Blackjack, Live Roulette, Poker, Stud Poker
0
no
yes
500
50
50
6.1
Paddy Power Casino
6.1
Welcome Package
£50
RTP
97.00%
1st Deposit Bonus
£50
Turnover
x35
1st Deposit %
500%
Free Spins
20
Software
UK & IRL only. Deposits made with e-wallets are not valid for this promo. Bonus wagering x35 on eligible games. Winnings from bonus capped at £500. Spins available after bonus is redeemed/lost. 10 per day with no wagering. Full T&Cs apply.
If you’ve been on the Internet at all over the last few years, you’ve undoubtedly heard of Bitcoin – a cryptocurrency which can be used to purchase very real goods and services despite not being officially recognized by any kind of government or most banks. First created in 2009 by an elusive programmer known only by his pseudonym Satoshi Nakamoto (a deliberately selected common and ordinary Japanese name, the equivalent of something like Robert Johnson in the UK), Bitcoin was regarded as a joke for many years, with the only products you could spend your Bitcoin on being small items like a pizza from an Internet-savvy pizzeria which sold for 10,000 Bitcoin back in 2010.
These types of “joke” transactions, however, gave Bitcoin some very real value. That value, in turn, began to skyrocket, to the point where only seven years later one, single Bitcoin sold for $20,000 (or about £16,000 in 2021, adjusted for inflation) – making that pizza in retrospect the most expensive one even purchased. Bitcoin’s skyrocketing value only meant that more and more businesses began to accept is a valid payment method, especially regarding international transactions. After all, without government involvement in it Bitcoin is almost like the world’s currency, and one Bitcoin is equally valuable whether you live in the UK or Australia. This, in turn, made them a perfect fit for the online casino business, as casinos already serve an audience spreading far beyond their own borders.
Pros vs Cons of Bitcoin Deposits
Your deposit doesn’t depend on world politics
– While the value of Bitcoin does fluctuate, the differences are both minimal and predictable, unlike the value of government-issued currency.
Fast and Secure
– Debit cards are very vulnerable to hacker attacks, and depositing in the wrong casino means that you may lose your entire bank account. Bitcoin practically eliminates that risk.
Easy to buy
– While buying bitcoin can sound intimidating, there’s plenty of companies that buy and sell the currency for minimal fees and can even help you open a wallet without hassle!
No ID checks
– While tedious ID checks can be very annoying when opening a PayPal or Neteller account, Bitcoin is usually anonymous and the only checks you make are with the casino.
Not widely accepted
– Sadly, many casinos don’t accept Bitcoin at this time, and while there’s plenty who do and some that only work with BTC it’s not a mainstream method yet.
Converting to and from BTC is a hassle
– You don’t technically convert Bitcoin, you buy and sell them – which can be annoying when you just want to withdraw your winnings.
The Best Bitcoin Casinos
Given the fact that Bitcoin is a very new payment method (it only skyrocketed in 2017, after all), most online casinos have yet to implement bitcoin as one of their payment methods. As of right now, the only provably fair Bitcoin casino on the UK market is Bitcoin.com. Keep an eye on this page, though – we’ll be sure to update as soon as more online casinos add it as a payment method!
Bitcoin.com Games
Bitcoin.com Games was created specifically to help people gain a more practical understanding of cryptocurrency and how to use them by using a familiar setting – the online casino. Players can use Bitcoin or Bitcoin Cash to place deposits on slots, table games and live casino courtesy of Pragmatic Play.
Bitcoin.com Casino Review
5 Things You Should Know About Bitcoin
Bitcoin casinos are rare – While the presence of bitcoin casinos is fairly common around the world, in the UK they have yet to catch up. Sadly there aren’t too many provably fair ones, with the best Bitcoin casino being Bitcoin.com
Depositing with Bitcoin is instant – Unlike traditional deposit methods, any crypto deposits made at bitcoin casinos will be instant. That is because the usual security checks go by much faster, and some are not present at all.
Bitcoin deposits are less secure – With methods like PayPal you’re entitled to certain protections, meaning that you can get your money back if you get scammed. Bitcoin doesn’t offer these protections, so you must carefully choose your gambling sites.
There are Bitcoin-exclusive bonuses – Many Bitcoin gambling sites seek to incentivize players to try out their casino games with Bitcoin. As such, they’ll offer a big deposit bonus (usually a welcome bonus) to players willing to deposit with Bitcoin.
You can play a variety of casino games – While the idea of Bitcoin gambling sites may sound odd, most Bitcoin casinos offer the same games as regular gambling sites – table games, video poker, live dealer games, and of course, slot games.
Deposit with Bitcoin at Bitcoin.com Games
How to Use Bitcoin to Deposit at Online Casinos
Usually there is no one, universal way to deposit at online casinos using a particular method, so we can only give you general directions. This time, however, given that Bitcoin.com Games is the only one among all UK casino sites to accept Bitcoin, we can give you instructions on exactly what to do in order to make your first deposit!
Create an account at Bitcoin.com Games(if you haven’t already) and log in
Click on the Deposit button on the top right
Select Crypto as your payment method
Copy the listed BTC wallet address
Go to your wallet service of choice
Paste the address you copied from the casino
Input the number of BTC you wish to transfer
Complete the transfer process until you receive confirmation
Return to the casino and await confirmation that your deposit has been processed
After confirmation, your Bitcoin will be automatically converted into the currency of your choice
Bitcoin.com Games Welcome Bonus
Bitcoin Accepted
•
Yes
Max Bonus
2000$
Deposit %
15%
Min Deposit
50$
15% Cashback up to $2,000 equivalent in BTC.
no bonus code required
Claim Bonus
How to Open a Bitcoin Wallet
The act of opening a Bitcoin wallet can be intimidating even to those experienced with online payments. After all, major corporations like PayPal, Visa and MasterCard are provably fair and with hundreds of thousands of guides on how to open an account, but most Bitcoin wallet services are significantly smaller than that and there’s not nearly enough resources.
Choose a provably fair Bitcoin wallet service
Access your wallet service’s website or download their mobile app
Register for an account by filling out the necessary information
Make sure to select a very strong password
Write down your recovery phrase. This is distinct from your password and is needed to access your Bitcoin online wallet!
Make sure to keep a backup of your data and recovery phrase in a secure location (like LastPass)
After a brief verification your Bitcoin wallet will be open!
Deposit with Bitcoin at Bitcoin.com Games
Bitcoin Casino Safety – Is Depositing With Bitcoin Secure?
Sadly, Bitcoin casinos have developed a bit of a reputation for being rather shady. Many unlicensed bitcoin casinos will offer you a grand deposit bonus, lots of free spins, a wide variety of casino games… And then won’t pay a cent of your winnings, and there’s nothing you can do about it. While there’s ways to get your money back should you pay with payment methods like PayPal or Neteller, Bitcoin cash is essentially the wild west. As such, when you deposit you must always make sure that the casino is licensed and the games are provably fair!
Luckily, it’s easy to check for a licence – just check the footer of the page and ensure that the casino has been certified by the Gambling Commission. All casinos we promote here on Casino.Online are provably fair and certified, and depositing there – whether with Bitcoin cash or another method – is always safe and reliable.
Bitcoin & Taxes – Do UK Players Need to Pay Taxes for Bitcoin Deposits?
Taxes are a weird thing, always cropping up when you least expect them – and sadly, that applies to Bitcoin just as much as it does to traditional payment methods. Sadly, income tax doesn’t really change just because you’ve made income using a different currency. In the last few years, the UK government has started paying close attention to bitcoin gambling (and all other types of transactions related to it) specifically to make sure it’s not being cheated out of its rightfully owned taxes.
The good news is that you don’t actually need to pay any taxes for simply purchasing bitcoin, nor for simply keeping them in your wallet. The only times you will be taxed is when you use them to make a payment (for example a deposit) or, naturally, when you sell. So if you hit a jackpot and win 5 Bitcoin (or about £150,000) you won’t be taxed just for winning it, but selling them and turning a profit from that sale (as opposed to the jackpot, which is tax-less) will certainly be taxed.
Fees & Taxes for Making a Casino Deposit with Bitcoin
Sadly, it’s not possible to give an exact estimate for what taxes you may need to pay, as that doesn’t depend on the casinos – instead, it’s your Bitcoin wallet which sets the fees. Unlike other payment methods, where there’s just one company responsible (like Skrill/Neteller), there’s a number of companies willing to sell you Bitcoin cash and maintain your online wallet. Some of these will charge you a fee only when you buy/sell bitcoin, as that’s where their profits lie. Others will charge you every time you issue a payment, in the form of a processing fee. Always do your research before signing up for a wallet!
But what about on the casino side? Well, we’re happy to report that the best Bitcoin casino sites will not charge you a penny for a Bitcoin deposit! Unlike something like PayPal, making a Bitcoin transaction from one wallet to another is generally free, and so gambling sites have no real reason to charge you more than you’ve paid. So if you see a match deposit bonus as a Bitcoin casino’s welcome bonus, that’s all you need to pay – no taxes and fees involved!
How to Withdraw Your Casino Winnings Using Bitcoin
As always, withdrawing your casino winnings is different for all bitcoin casinos – at least the provably fair ones which will let you withdraw in the first place! As such, while we’d love to help you commemorate your victory over some tough casino games, we can’t provide you with an exact 1:1 guide, but rather just the outline needed to withdraw your winnings from Bitcoin casinos in general.
Log in to your Bitcoin casino account
Go to Bank
Select Withdraw
Specify the amount of winnings you wish to withdraw (it’s not recommended that you withdraw everything)
Enter the number of your Bitcoin wallet
The withdrawal should process within a few minutes, there won’t be a need to input any passwords
Optionally, sell your bitcoin in order to convert them into pound sterling or any currency you wish!
3 Tips for Making the Most out of Bitcoin Casino Deposits
Watch for Bitcoin lows
– Bitcoin as a currency is always fluctuating, its value rising and falling with demand. To make the most of your casino deposit, make sure to wait until it’s low before you buy so that you can get more bang for your buck and subsequently boost your winnings.
You don’t need to convert winnings
– As someone who probably grew up in the UK, you’re likely tempted to convert your Bitcoin casino winnings to pound sterling as soon as possible. While that’s perfectly valid, it’s also a good idea to keep them in your wallet and wait for “highs” so that you can sell them for an even better sum.
You can use multiple currencies
– Provably fair Bitcoin casinos don’t exclusively rely on Bitcoin – they also accept other methods. For a variety of reasons, you might not want to make every deposit in Bitcoin, so don’t be afraid to use alternate methods. You can play casino games with your debit card too!
History of Bitcoin – How Bitcoin Came to Be
It’s hard to really talk about the history of Bitcoin with any degree of accuracy, given its mysterious origins and legacy. Despite several clues, some of which turned out to be legitimate while others not, nobody knows the truth behind Satoshi Nakamoto with any degree of certainty, or whether he’s even one man or a group with a pseudonym (such as Anonymous). It’s worth noting that the idea of cryptocurrency isn’t new, with the first ones (like b-money and BitGold) appearing all the way back in the 90s. While a link to Bitcoin has yet to be established, it’s hard to deny the possibility.
What we do know is that in 2008, a paper authored by Nakamoto titled “Bitcoin: A Peer-to-Peer Electronic Cash System” began spreading through cryprography circles detailing the concept. Only a few months later, in early 2009, the first open source Bitcoin client was released, allowing users to farm and trade Bitcoin with each other. For a few years, the Bitcoin scene was modest and mostly reserved to technology enthusiasts who saw it as little more than an interesting experiment. Its growth, however, was undeniable, even if mostly concealed by the public. Coinbase, a popular payment processor which allowed the purchase and sale of Bitcoin, reported making over $1 million a month from their distribution. A year later, companies like Zynga (creators of the popular Farmville series) started accepting Bitcoin payments. Then, in 2017, Japan and Russia officially legalized payments issued with Bitcoin following a massive surge in popularity – and the rest, as they say, is history.
Alternate Deposit Methods – Neteller Alternatives
Bitcoin is, for better or worse, the newcomer in the world of online casino games, with many other methods already established and widely accepted. In fact, even crypto casinos more often than not accept alternative methods of deposit – even if the best bitcoin casinos will always give you a deposit bonus for using that method. If for one reason or another you’d rather deposit with an alternative though, no worries – there’s plenty to choose from!
Debit Cards
Debit cards are by far the most common way to deposit in an online casino – in fact, chances are you’ve used them at least once to claim a first deposit bonus or manage your deposits and withdrawals. Depositing is as simple as inputting your card details into the respective form and then allowing the casino to withdraw the necessary funds directly from your bank account. While not a flawless method, especially when it comes to security, debit cards still remain one of the leading payment methods in the world of online casinos.
PayPal
PayPal is, without a doubt, the single most popular e-wallet service available on the market, and also one of the first, being founded all the way back in 1998. It’s a bit funny to think that while once people reacted to it the same way that they react to Bitcoin now (claiming it’s not “real money” if it’s not cash or in a bank), today millions of people use this payment method for both online gambling and regular, everyday shopping!
Neteller
Much like PayPal, Neteller is another e-wallet service which was started around the same time – but make no mistake, despite their obvious similarities there’s plenty of differences between the two. The most important one is that most online casinos don’t accept PayPal, as the company has a policy against accepting payments for adult activities (like gambling) and only makes exceptions for the biggest brands. Neteller, meanwhile, is significantly more widespread, and on top of that its deposit fees are slightly lower than PayPal’s. In exchange, it’s less secure and less common outside the realm of online casino.
Skrill
Skrill is, in many ways, very similar to Neteller – which makes perfect sense, as both are owned by the same company after Skrill was purchased by Neteller in 2015. While Neteller is undoubtedly the more popular and successful of the two, Skrill’s advantages when it comes to online gambling are undeniable. Many casinos will not charge you transfer fees if you deposit internationally using Skrill, but more importantly for our purposes, you can deposit into your Skrill wallet using bitcoin. This makes it a great workaround – if you want to play with bitcoin, but a particular casino doesnn’t accept them, just use Skrill as an intermediary!
Bank Transfer Payment Method
DEPOSIT DETAILS
Min. Deposit
—
Max. Limit
—
Processing Time
Instant
Transaction Fees
No
WITHDRAWAL DETAILS
Min. Withdraw
—
Max. Withdraw
—
Processing Time
2 days
Transaction Fees
No
Paysafecard Payment Method
DEPOSIT DETAILS
Min. Deposit
—
Max. Limit
—
Processing Time
Instant
Transaction Fees
No
WITHDRAWAL DETAILS
Min. Withdraw
—
Max. Withdraw
—
Processing Time
—
Transaction Fees
No
Visa Payment Method
DEPOSIT DETAILS
Min. Deposit
—
Max. Limit
—
Processing Time
Instant
Transaction Fees
No
WITHDRAWAL DETAILS
Min. Withdraw
—
Max. Withdraw
—
Processing Time
2 days
Transaction Fees
No
MasterCard Payment Method
DEPOSIT DETAILS
Min. Deposit
—
Max. Limit
—
Processing Time
Instant
Transaction Fees
No
WITHDRAWAL DETAILS
Min. Withdraw
—
Max. Withdraw
—
Processing Time
2 days
Transaction Fees
No
Neteller Payment Method
DEPOSIT DETAILS
Min. Deposit
—
Max. Limit
—
Processing Time
Instant
Transaction Fees
No
WITHDRAWAL DETAILS
Min. Withdraw
—
Max. Withdraw
—
Processing Time
1 day
Transaction Fees
No
Bitcoin VS PayPal – Which to Use?
When it comes to online casino games, it’s important to remember that different establishments accept different payment methods. Crypto casinos, like Bitcoin.com Games, will naturally accept bitcoin without any real issue. After all, bitcoin casino sites pride themselves on being progressive and affording players the chance to deposit using the payment method they like most. With that said, it’s important to remember that provably fair bitcoin casinos are few and far in between, which renders this question moot for the most part. While international casino sites are happy to take your bitcoin cash, in the UK progress has been slow and PayPal is the clear favourite among the two.
With that said, however, let’s pretend for a moment that we live in a futuristic utopia where every casino accepts both bitcoin and PayPal – which one should you choose? Well, they both have their advantages and disadvantages. PayPal, for example, charges deposit fees from both the player and the casino (unlike other payment methods which only charge from the seller, meaning that if you want to get a deposit bonus for £20 then £20 is all you’d need to pay). On the other hand, while Bitcoin has no fees, it’s a highly volatile currency which requires you to always make sure its value hasn’t shifted too much.
Alternative Cryptocurrency – Can You Use Crypto Besides Bitcoin at Online Casinos?
Bitcoin gambling is by far the most popular method of using crypto at provably fair casino sites. As such, many of the UK’s top online casinos, like Bitcoin.com Games, will only accept Bitcoin. Foreign crypto casinos, however, accept all kinds of different currencies, so long as they have actual real life value. Since we firmly believe that the UK market will follow suit, let’s take a moment to evaluate the alternative to Bitcoin so you can know what the future crypto casino will look like!
Ethereum
Depending on who you ask, in many ways Ethereum is even better than Bitcoin as its decentralized applications practically eliminate any risk of fraud, as well as any downtime and artificial inflation. This makes it a fantastic currency to use for online caisno games, with many crypto casinos overseas even offering an exclusive first deposit bonus for depositing using Ethereum. Sadly, despite its advantages Ethereum’s market cap is only 10% that of Bitcoin, so it might be a while before we see a UK Bitcoin casino implement it.
Litecoin
PayPal is, without a doubt, the single most popular e-wallet service available on the market, and also one of the first, being founded all the way back in 1998. It’s a bit funny to think that while once people reacted to it the same way that they react to Bitcoin now (claiming it’s not “real money” if it’s not cash or in a bank), today millions of people use this payment method for both online gambling and regular, everyday shopping!
Tether
Most cryptocurrencies are highly volatile, as they pretty much only depend on themselves (such as their number and demand). Instead, Tether was designed to, as the name suggests, attach its value to something outside itself, being one of the first so-called “stablecoins” whose value doesn’t crash or skyrocket the way Bitcoin’s does. No one is entirely sure what exactly determines Tether’s value, as claims that it’s tied to the US dollar have been disputed recently, but one thing’s for sure – said value has remained consistent, making it one of the most provably fair payment methods among all cryptocurrencies.
Frequently Asked Questions About Bitcoin Deposits
How long does it take to receive winnings withdrawn via Bitcoin?
Well, there’s good news and bad news. The good news is that withdrawals made using Bitcoin are instant. If you’re used to withdrawing with a card, where it takes 3-5 days for your winnings to appear in your account, this might sound pretty great. Unfortunately, unless you’re planning on using your winnings only on bitcoin casinos and other businesses that accept BTC, you might need to wait a day or two to sell them and acquire pounds sterling. It all depends on the service you use.
What is the minimum deposit amount required to deposit via Bitcoin?
No provably fair Bitcoin casino will have a set deposit amount for Bitcoin, as the price of it is completely shifting. 1 Bitcoin in 2015 was only about 200 quid, while today it would cost almost £27,000 – so you can see why having a set minimum deposit can be
Is it free to open a Bitcoin wallet?
That depends entirely on where you open it. Some places will let you open a new wallet completely for free, without any kind of tax – as they make their profits from buying and selling bitcoin to consumers. Others might charge a small processing fee, or a regular monthly fee. Always do your research before opening a Bitcoin wallet!
How long does it take for a Bitcoin deposit to appear in my account?
Bitcoin deposits are instant! Barring potential issues with the bitcoin casino or your wallet, your balance should be updated instantly, allowing you to claim your first deposit bonus or simply enjoy some bitcoin gambling without interruptions!
In which countries can I use Bitcoin online casino deposits?
Because of Bitcoin’s nature as one of the rare payment methods not tied to any government, Bitcoin gambling can be enjoyed from anywhere in the world. As long as the crypto casinos you’re depositing at accept players from your country (and gambling isn’t banned or restricted in general where you live) you’ll be able to deposit using Bitcoin.
How to check if an online casino accepts Bitcoin?
It’s simple – go to the payment methods page and check the available deposit methods. Make sure that Bitcoin is included, and you’ll be able to use it when you make your first deposit. Keep in mind that Bitcoin casino sites are rare, and many of them advertise themselves with banners or exclusive crypto casino deposit bonus.
Do I need to fund my Bitcoin wallet or can I deposit straight with my bank account?
Bitcoin can only ever be stored in a Bitcoin wallet, so make sure you have one before you try to claim your first deposit bonus! It’s not possible to have a bank account with Bitcoin in it, which means that you can’t use it to make a deposit. Not even the best Bitcoin casino can change the rules on that one, we fear!
Is it possible to play live casino games using Bitcoin deposits?
Yes, it is! While it’s true that some features of online casinos (most notably free spins and other first deposit bonus offerings) may not be available depending on the method you choose to deposit with, live casino games aren’t one of them! As long as you can make your deposit you can enjoy live Bitcoin gambling!
Can I deposit via Bitcoin from an iOS device?
The answer to that question is, sadly, complicated. All deposits depend on two parties – “the bank” (which can be your real bank or a service like PayPal, Neteller, etc) and the casino. And while it’s easy to point to PayPal, a single institution, and say “Yes, iOS deposits are no issue”, there’s plenty of e-wallets that can be used on crypto casinos. Whether you can deposit or not depends on them.
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