Candid Bitcoin Casino Reviews

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FAQ

Cryptocurrencies are an alternative payment method based on blockchain technology. They can be utilised within a singular platform or externally and were created in order to offer four key benefits; a decentralised, peer-to-peer payment network, a network which has no server and is not controlled by a single entity, no double spending, and a trustworthy and reliable payment method.

Over the past few years, bitcoin has become popular among online gambling platforms. While some may argue that gambling operators have turned to bitcoin to make it easier to partake in illegal or unsavory activities, the fact is that online gambling is a thriving, legal and legitimate business.
There are five reasons to use bitcoin for online gambling:
Securuty
Bitcoin may just be one of the most secure digital currencies out there — if you store it correctly.
As long as you keep your coins away from online wallets, protect your private keys with strong passwords, and keep the majority of your coins in cold storage, you’re probably not going to have to worry about someone stealing your money.
Compare this security with credit cards or Paypal. If gambling website gets hacked, and it has your credit card or Paypal account on record, then you become a likely candidate for the hacker’s next target. Not to mention the various phishing and social engineering schemes that trick even the smartest people into giving their credit card information to thieves.
With Bitcoin, you can rest assured that, if someone asks for your private key or wallet password, they’re trying to steal your money. Keep your private keys private, and you’ll be just fine.
Instant Payments
Even with the recent transactions delays from the block size issue, bitcoin payments are incredibly fast. Most transactions get confirmed within minutes, with some taking a few hours. Only in rare cases do bitcoin payments take a day to confirm.
Compare that to an ACH bank transfer, which can take up to 5 business days to complete. International transfers can take a week or more to clear — even worse.
With bitcoin, gamblers can fund their accounts or withdraw winnings instantly (that is, if you’re using a reputable gaming platform). Even in the worst-case scenario, gamers get access to their funds same-day.
Cost-Effective
In addition to being faster than traditional online payments, bitcoin is much cheaper.
Bitcoin transaction fees are a fraction of the fees associated with bank transfers or credit card payments, which usually take big percentages out of your transaction as a service fee.
This cost-effectiveness benefits both the gambler and the website owners. Gamblers get to keep more of their winnings when withdrawing from the website, and the house saves money on credit card fees when customers choose to fund their accounts with bitcoin. Cost-Effective
Optimized for Online Gaming
Bitcoin was born on the Internet and was made especially for online use. Therefore, this digital currency makes for a near-perfect solution for online gambling platforms.
Credit cards and bank transfers were never meant to be used online like they are today. Their sluggishness, cost and inefficiency tell us that much. However, before bitcoin, people really didn’t have much other choice.
But now, we have cash for the digital age, and cumbersome institutions like credit card companies, banks, and payment processors are no longer necessary. Because of its online optimization, Bitcoin eliminates the need for all those things, guaranteeing a relatively high level of privacy, security, efficiency, and ease-of-use.
Privacy
A currency’s privacy shouldn’t be taken into consideration if gamblers have nothing to hide, right? Wrong.
While gambling may not be illegal in many parts of the world, it always seems to come with a social stigma. If people know you gamble, they might think you’re an unsavory character, that you’re immoral, or that you have some kind of addiction problem.
While these things can be associated with gambling, most people do it for fun.
Therefore, with Bitcoin’s pseudonymity, casual gamblers can have fun without worrying about being judged by the people around them.

There are a number of different benefits to cryptocurrencies which can be found when using them. First of all, each currency is based off of the blockchain network, which offers a level of pseudonymity, meaning transactions are unable to be traced back to a personal identity, and only the transactions themselves and their addresses can be tracked. In addition to this, the blockchain network is completely irreversible once transactions are verified. Due to cryptocurrencies not being controlled by a single entity, anyone around the world is able to use them.
All cryptocurrencies are also exceptionally secure, as they can only be accessed by an individual who has both the public and the private key. This cryptographic function and security is one of the key reasons as to why cryptocurrencies are booming in popularity. All of the above benefits are a result of the decentralised nature of the technology. Cryptocurrencies offer their own different benefits, dependent on their platform (for example Ethereum can provide access to the DApp ecosystem), but the benefits listed above are those which all cryptocurrencies have in common.

There are a number of different exchanges that you can opt for when attempting to purchase your cryptocurrencies. Bitcoin exchanges can relate to Bitcoin alone, or can incorporate a broad range of other cryptocurrencies, tokens, and altcoins dependent on your requirements. It is important that you choose a secure exchange in order to transfer your funds to ensure they are protected. Some of the exchanges we recommend include: LocalBitcoins, Bitfinex, GDAX, Coinbase, Kraken, Bitstamp, BTCC and Gemini. Alternatively, you can earn Bitcoin through the process of mining, on which you are able to confirm and validate transactions through the blockchain network.

You are able to store your cryptocurrencies within a Bitcoin wallet. These can come in a number of formats, including online wallets, offline wallets, hardware wallets, paper wallets, bearer items such as a physical Bitcoin, and other forms of storage media. View our blog to find out more about how to store your cryptocurrencies.

Due to the fact there is no single entity controlling the cryptocurrency, gambling with Bitcoin is not illegal. While there are some jurisdictional regulations which prevent this type of gambling in certain countries around the world, if you are able to create an account, then you are able to gamble with cryptocurrencies legally. Cryptocurrencies are not classified as an actual currency, and therefore certain regulations do not apply in most circumstances.

Provably fair gaming is a mathematically generated encryption system which helps to guarantee that the game utilising this technology is fair at all times. This allows the roll-result to be calculated prior to the roll being completed.

The casinos have no control to the review content and we do not have any advertisements. We try to write non-biased and honest reviews based on our own experiences. We like to recommend only the best and trusted casinos and tell all the negative sides and cons about all the casinos. We see no reason to recommend a shady or scammy casino for a short-term commission. It’s like running a restaurant: a happy customer will come again eating that delicious pizza.
We also search the web to find information about the casino we are reviewing to back up our thoughts. Then you can make your own decision based on the information on this page. Also, the user comments-section is totally uncensored and every message goes through after spam control. Only messages we remove are just the spammy messages with a lot of spam links or just no information. So, you can also contribute to the casino reviews if you like.

A number of casinos offer a small amount of bitcoin to try out their games. This is called faucet.
These casinos are:

Stake.com
Primedice.com
Fortunejack.com
Yolodice.com

 

Bitcoin faucets are like a reward system, usually consisting of a website or app, that gives out small amounts of bitcoin called satoshis. Satoshis are the equivalent of a hundredth of a millionth bitcoin, or 1 million Satoshis per bitcoin. In order to collect these rewards, visitors to the website usually must complete a captcha or a task that is assigned by the website. Bitcoin faucets were introduced to the community in 2010 by Gavin Andresen.

There are three main reasons for the existence of bitcoin faucets. Certainly they are not just ran by altruistic people who want to give away bitcoin for free.
Giveaways like a bitcoin faucet draw a lot of traffic to a webpage or app. This is generally the most specific reason that bitcoin faucets exists. Giving away money is a really effective way of obtaining a large number of page views or downloads of your app. Additionally, websites or apps that are promoting services or content related to bitcoin are looking to attract visitors who will either want information or services related to their use of bitcoin. More or less, the faucet exists to give a little away in exchange for getting the kind of visitors you desire.
Bitcoin Faucets are also an effective way of introducing new people to bitcoin. A lot of faucets provide their users material or information so they can get used to using crypto-currency without having to spend any money of their own. Bitcoin is still a new technology, and to those who are unfamiliar with how it works it can be quite confusing. It is in the best interests of those invested in bitcoin to bring as many people as possible into the fold. The more mainstream bitcoin becomes, the more legitimate it becomes. Lastly, and perhaps most importantly to those who run bitcoin faucet, the more mainstream bitcoin becomes the more valuable it becomes.
To come full circle, bitcoin faucets also exists with the purpose of making money. The number of live bitcoin faucets running has grown exponentially since their introduction in 2010. Due to this, it is a lot harder to achieve the kind of ad revenue or referrals that could have made a bitcoin faucet profitable in the past. Now, most bitcoin faucets are designed around other bitcoin services and are run by the website or app in order to bring in new customers.

Bitcoincasinos do not require a credit card. Some casinos offer deposits with cryptocurrencies like bitcoin and other payment options such as credit cards.
Most Casinos do not require any personal information.

At this moment in time, some Bitcoin casinos don’t allow players in the United States due to the harsh regulations imposed on casino operators in America. However, most Bitcoin casinos accept players from all over the world.

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