Review of the Best Bitcoin Casinos and Alternative Payment Methods in the UK

Bitcoin is a real financial bubble, literally. It is a non-regulated, electronic or non-physical currency that does not belong to any country nor business entity. And everybody loves that! It is suitable for players from the UK to make their regular deposits at the best Bitcoin casino sites and the transactions are instant. It is a very contemporary and attractive payment method, but not that many gambling sites support it though. Three of the most famous ones are Ladbrokes, PlayOJO and NetBet Casino. Each of them offers this modern and secure type of currency for all the UK holders of Bitcoin wallets. The best thing is that you can do the same things as usual, only without the need to share your sensitive financial details and information.

Unlike most available payment methods that are strictly regulated by the Financial Conduct Authority (FCA) or other associations, Bitcoin is a digital currency and it is not regulated. However, the key is to play at licensed and regulated UK casinos that support Bitcoin as a payment method. Only then, you can trust the security and reliability of your deposits, and you can read more about that further in the review. We will also brief you about the greatest advantages and setbacks of the Bitcoin casinos and their cashier methods. From thorough analyses to main factors and steps in the form of visual presentations, you will find all that’s important on Bitcoin. Of course, in this ukcasino.org.uk review, you will read plenty of details about the best British Bitcoin casinos to play and enjoy a huge welcome bonus pack. We will include recommendations and highlights that will let you get right to the point, as well as descriptions, comparisons and overall insight into the UK Bitcoin casinos. So let’s get started!

Top Benefits of Bitcoin Cryptocurrency for Casino Cashier

Determining the performance of a banking method is a very delicate part because actually some of its greatest disadvantages are sometimes its greatest advantages. It depends on the viewpoint. For instance, while the widely used payment methods are licensed and strictly regulated in the UK, no individual or institution owns or controls Bitcoin! The security of the transactions is another interesting situation because it is second to none. No one can see the balance or history of transactions of a Bitcoin address, because it is used only once. So, the safety of your payments depends on yourself only. There are many other key characteristics of this cryptocurrency and we will mention them as its greatest advantages. Take a look!

• Modern Digital Currency / Payment Method
• Owned via Peer-to-Peer System
• Uses Bitcoin Addresses for One-Off Payments
• Second-to-None Protection of Sensitive Data
• No Fees for payments at Bitcoin Casinos
• Almost Instant Transactions
• Higher Value and Growth Compared to Other Cryptocurrencies
• Many Mobile Bitcoin Wallets Available

How to Use Your Bitcoin Wallet for UK Casino Transactions?

Let’s face it – this is a payment method that consists of a series of complex processes and you need to be technically familiar with them. It is like a huge transaction system and you can play with it at every level. In brief, you will need to install a Bitcoin wallet on your device which can be either desktop or mobile. This operation will provide you with a Bitcoin address that you can use just once and after that, you will be eligible to make a transaction with Bitcoin. Further actions depend on the specific casino you want to deposit, but they can be summarised in a couple of easy steps. For example, if you choose to play and deposit at NetBet Casino, this process continues by selecting Bitcoin among the other listed methods for depositing.

Then, you select the desired amount in £ that you want to deposit to your casino account and which will later be calculated into Bitcoins in your cryptocurrency wallet. The next step will open the NetellerGO platform for payments where you can see an overview of your order. By continuing, you will be asked to fulfil your personal information like phone number, city, e-mail, etc. Once complete, you can launch either your Bitcoin or Bitcoin Cash wallet. Allowing these two options for Bitcoin payments is one of the unique features of NetBet Casino! We recommend choosing just Bitcoin if you do it for the first time. After that, all that you need to do is to copy/paste your Bitcoin address properly or scan the QR code for instant action. You can find down below an overview of how this process looks like.

Choose Depositing via Bitcoin

Confirmation via NetellerGO

Bitcoin & Bitcoin Cash Wallets

Nevertheless, there are some difficulties and issues that may take place while depositing even at the UK’s best Bitcoin casino. The most typical one is which wallet to choose – Bitcoin or Bitcoin Cash. There are a few differences between them and the greatest one is that they are two completely different cryptocurrencies. Another key feature of Bitcoin Cash is that it is a much newer wallet and dates back to the middle of 2017. This highlights another few important differences. Firstly, it has a much lower acceptance by the UK casinos, so it is a real privilege that NetBet offers it as a payment method. Secondly, the transactions are usually faster, but not so safe and reliable as Bitcoin because Bitcoin Cash still boasts a much smaller network. The minimum and maximum depositing limit is another factor to consider. For example, British players at Ladbrokes Casino can deposit from £15 to £500 in the form of Bitcoins. When it comes down to transaction speed and fees, still none are applied to deposits at a Bitcoin casino while the entire process takes just about 30 minutes. You ought to know that the transaction timeframes depend mostly on the peer-to-peer verification process and in the best-case scenario the deposits are instant.

Paying at the Best Bitcoin Casino While Playing Your Favourite Games on the Go

The Bitcoin network made all the transactions as easy as possible for its mobile users. Whether you want to pay on the move or via your tablet, you can choose between several options. The situation might seem a little tricky if you are a first-time player at a UK casino. First and foremost, check out the limitations and the full description of the welcome bonus conditions. Bitcoin and other cryptocurrencies nowadays still do not qualify for the welcome bonuses. Second, you can make any regular deposit easily on the go, because the casinos usually have web-based apps. NetBet, for instance, is compatible with Android and iOS, and with mobile or tablet. You can go through the exact same process and steps like as if you were depositing on the original desktop version of the casino. Other casinos may have their own native apps, but in any case, you can effortlessly play and deposit on the go. You should try NetBet on your mobile device too!

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Since Bitcoin is a strictly peer-to-peer network, it is definitely perfect for mobile payments. Everything is optimised so you can easily have your money on your account and start playing your favourite roulette, blackjack, video poker, slots or other classic casino games. Many Bitcoin wallets come with their own mobile apps. Actually, everything in the Bitcoin network is based upon cryptocurrency wallets, so you can easily imagine the scale and variety of apps that we are talking about. Having installed such an app gives you some very important benefits other than the easy payments on the go. Examples include instant verification of the transactions, easy overview of your Bitcoin addresses, extra scams and theft protection, additional private key features, and the list goes on. Not to mention that some wallet apps allow access to funds across multiple devices. Just make sure that you are playing at a casino that supports deposits via Bitcoin or Bitcoin Cash because NetBet is one of the very few of them in the UK!

Drawbacks of the Payments at a Bitcoin Casino

At first glance, Bitcoin has no disadvantages at all, but only when you look at it as a payment method alone. On the other hand, when we talk about Bitcoin casino payments, we could highlight some very important drawbacks. Bitcoin is a method that does not support withdrawals in the first place. This is a method that is supported by only a handful of UK online casinos so far, and it does not qualify for some of the recommended British online casino bonus offers on the market. On top of that, the software wallets and apps are not proven safe for the storage of large amounts of bitcoins. This makes the big deposits by the high-stakes players recommended for desktop devices in general. The software wallets are simply not so secure than the hardware wallets. Another major setback worth mentioning is that Bitcoin is a highly volatile currency, i.e. its value constantly fluctuates and respectively the deposits may be in your favour or in contrary. The bottom line is that Bitcoin is not for every player. You need the expertise to work with that kind of cryptocurrency and right after that to decide for yourself if this is the most convenient payment method for online gambling.

Interesting Facts and More About the Bitcoin Network

Bitcoin’s network is also known as Blockchain and it has no legal or any other juridical person that controls it. It just belongs to everyone with a Bitcoin wallet. The history of this cryptocurrency can be traced back to 2009 and basically, this was the foundation of the digital money and the first blockchain databases. There were several major milestones until nowadays and perhaps the greatest one was after the extreme rise in the currency value. Therefore, Bitcoin Cash appeared just about a year ago and both cryptocurrencies tend to establish themselves as commercially accessible payment methods worldwide. The developers are the only people that can affect the Bitcoin software and still they have to cooperate and synchronise their incentives.

That said, the security of deposits at Bitcoin casinos is paramount! It is impossible for someone to trace your payments like when you use a debit card or another E-wallet. Not to mention if you hide your IP and then proceed to a transaction with Bitcoin. This digital currency is still not regulated in the UK. However, there is publicly accessible information that the British financial regulator FCA works with the Bank of England and the UK Treasury on questions about how Bitcoin and other cryptocurrencies will be regulated. So far, it is enough to trust the regulated and licensed Bitcoin casinos by the UKGC among other unlicensed gambling sites.

The applied taxes and VAT are another important aspect regarding the legality of any Bitcoin casino in the UK. Here on the island, this cryptocurrency is considered as ‘private money’ and VAT is due for its exchange for £ or other foreign currencies. As everything with Bitcoin develops so fast and turbulently, the association ‘CryptoUK’ launched earlier this year (2018) as the premier British entity to take care of the cryptocurrency standards. Shortly put, there are many interesting facts around Bitcoin and we can only hope that more British casinos will allow cryptocurrencies in their payment methods.

Deposit with Bitcoin at Your Favourite British Gambling Site!

We highly recommend using your Bitcoin wallet for deposits at your favourite British gambling site. Whether it is Ladbrokes Casino, PlayOJO or NetBet, you can quickly and easily make your deposits and enjoy a wonderful gaming experience. Ladbrokes Casino offers a sweet welcome bonus, so this is also a chance you don’t want to miss if you are a first-time player. Just make sure to read all the FAQs and T&C concerning this banking option, because Bitcoin is very delicate. Fun Casino is another alternative place to play and deposit with Bitcoin and that’s pretty much it. You can be absolutely certain in the safety and reliability of the transactions at these casinos because they are licensed and regulated by the world’s leading gambling authorities like the UKGS and the MGA. Bitcoin is without a doubt an excellent and the most modern way for casino payments!