
Cryptocurrency payment methods have slowly started to emerge in the UK.
It’s worth understanding that the UK Gambling Commission (UKGC) doesn't currently license or regulate any online gambling sites that support cryptocurrencies. We’ve looked at the best cryptocurrency casino options, as well as some alternatives, to help you decide if a Bitcoin casino is the right choice for you.
Cryptocurrencies at a Bitcoin casino can provide players with many advantages. These can include faster withdrawals, higher levels of security, privacy, and anonymity, as well as provably fair gaming.
We’ve found and tested the Bitcoin casinos the UK has to offer players, with our guide designed to ensure you know what to expect when you use those from our list of UK casino sites and how to use cryptocurrencies if you are new to them.
Bitcoin casinos are online casinos that accept cryptocurrencies as a form of payment. They are casinos that also accept other forms of crypto, but they are typically referred to by this name because of the popularity of the digital token and its global reputation.
At the best bitcoin casino sites, you’re able to enjoy many of the same aspects of a traditional online casino. However, as we’ll note in the section below, you’ll also enjoy many notable benefits that you cannot enjoy with fiat currency.
So, what are the benefits of using bitcoin casinos? It can depend on what you’re looking for as a player, but the following are some of the most recognised and notable:
Many casino players are turning to the best Bitcoin casinos for one main benefit: transaction speed.
As revealed above, withdrawals are completed in a matter of minutes and often don’t carry any additional fees. Unlike certain fiat transactions, such as debit card payments or bank transfers, withdrawing funds can involve significant delays. In some cases, you may find you have to wait up to five business days to receive them, or even longer if you’ve had to wait for the online casino to process the transaction first.
Bitcoin casinos eliminate the middleman in these processes, allowing funds to be returned to you instantly. Given that we all want to receive our money as quickly as possible, it’s clear why these options have become extremely popular.
Although Bitcoin casinos do offer fast transaction times, if this is biggest factor in your decision to choosing an online casino, then there are other options including casino sites that accept Trustly that provide equally fast transactions. Trustly is also accepted at far more UK casino sites than Bitcoin.
It’s important to recognise that casinos that accept Bitcoin may not always be the best option for players. They can carry risks that can be difficult to understand or notice when using cryptocurrency, especially if you are new to it.
Cryptocurrency is extremely volatile, especially Bitcoin. One minute it can be worth its highest amount; the next, it can be at its lowest without any prior warning. At one point, you may have more in your betting account; the next, you have a lower amount because of the changes in its value.
As noted, the UK Gambling Commission (UKGC) doesn't currently license or regulate any online gambling sites that support cryptocurrencies. If you encounter a dispute, protections may not be as stringent as those that are offered when using fiat currencies. You may not benefit from responsible gambling protections, either.
If you’re new to crypto gambling, you’ll need to make sure you practice responsible gambling measures. Naturally, it’s something you’re supposed to be doing with fiat currency, but it could be argued that you need to be even more careful and responsible at the best casinos that accept Bitcoin.
Thankfully, many of the same core practices and principles apply to cryptocurrency as they do to fiat options. You should set a strict budget and stick to it, set loss and daily deposit limits, set a stake/unit size when playing casino games, and set time limits on your session.
However, you should also treat cryptocurrency as a foreign currency. It’s important to understand what each unit is actually worth in GBP, as this will help you to understand the amounts you're depositing and wagering on games.
Making a deposit and withdrawal at the casinos that accept Bitcoin is usually a very simple process and one that can be completed with little effort. Follow our five-step process to help you get started straightaway:
Once these steps have been completed, you can start playing.
Essentially, they are. Bitcoin casinos are the colloquial term for crypto casinos, with almost all options accepting Bitcoin as a payment token.
You should exercise caution when using Bitcoin casino sites. They are not regulated by the UKGC, but that doesn’t mean they are unsafe. You should check each site's specific licensing and security features before using it.
Typically, Bitcoin casinos process withdrawals almost instantly, with funds being received in your crypto wallet almost immediately once completed. Lower fees can also apply to crypto withdrawals.
Bitcoin casino sites can carry risks, with cryptocurrency volatility typically being the main one. Price changes can happen at any instant, which can alter the value of the coin that you have in your account, positively and negatively. Bitcoin casinos aren’t regulated or licensed in the UK, so various protections may not be available either, should disputes arise.
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