I am pretty sure you have at some point envied those fortunate few that bought hordes of Bitcoins back in 2009 when it was first introduced or that you’ve fancied winning a progressive jackpot that would transform your entire life. Yup, we’ve all lived in this castle in the air and although it is fun to day dream, you can magnify your opportunities in the sphere of crypto gaming if you are informed and educated.
Our crackerjack team have accumulated a wealth of information and have compiled pages jam-packed with everything you need to know regarding crypto casino gaming.
The crypto space is at its peak at the moment which means that online crypto casinos are accepting more and more cryptocurrencies daily. Which ones are the best? It is entirely up to you but here is a list of the most popular that we discuss in more detail on their respective pages:
Is it legal to bet with Bitcoins? The laws regarding the legality of Bitcoin are changing day by day and although some countries reject the ideology completely, these countries are by far the minority.
You need to remember that cryptocurrencies are decentralized and that it is not regulated by any bank or monetary authority and because of this, crypto casinos do not need to answer to any gaming authority which gives them an open playing field to frolic on.
Governments around the world are jumping on the bandwagon however and are slowly but surely starting to embrace the many perks that blockchain has to offer. And, because Bitcoin is decentralized, it is up to every government to decide for themselves whether to allow and regulate Bitcoin or whether to completely ban it.
Here at Bitcoin Casino Kings we only feature the cream of the crop – Bitcoin casinos that are 100% legit and secure and that offer players a safe and secure experience within their country or territory.
With the crypto casino market booming in recent years, there are endless games, from some of the best game providers to choose from. Whether you prefer to pull the virtual lever of crypto slots, revel in an exhilarating dice game, indulge in the esoteric game of poker or take your chances at a roulette table, we will sway you in the right direction.
If you are more into sports, check out our eSports Betting page and if you want to come as close to the real deal as possible, you might want to opt for live games. We have become spoilt for choice but some games have a better house edge than others and some will pay out life changing sums of money.
Best Bitcoin Wallet
It’s all good and well to have Bitcoins but how do you store it? We have done the legwork and weighed up several Bitcoin wallets and storage devices. Some have better features and security while others are more user friendly. Essentially it all depends on what you are after.
Are you a beginner that requires a simple user interface or a more advanced user that requires customizable transaction fees? Do you prefer a mobile wallet or might a hardware wallet be better for you?
We discuss all the pros and cons and bounce off our thoughts on the best Bitcoin wallets currently available. Here is a sneak peak:
Exodus: Ideal for beginners thanks to its user-friendly interface. It is both a mobile and desktop wallet and allows you to swap between 100 cryptocurrencies.
Electrum: This solution is committed to only Bitcoin and although it is suitable for more advanced users, the interface is surprisingly simple. You are able to customise transaction fees and because it is an open source wallet, you can also choose your preferred level of security.
Mycelium: This mobile only wallet has some pretty nifty features such as the option to store your Bitcoins in an offline storage while still having the option to view your holding on its interface. It is incredibly user friendly and allows you to set custom transaction fees.
Ledger Nano X: Ledger has a stellar reputation and has been dominating the market with their hardware wallets. What makes the Ledger Nanao X so remarkable is that it resembles a USB drive that can be connected via Bluetooth or USB to your Android or iOS device.
Trezor Model T: Ledgers direct competition in cold wallet storage in undoubtedly Trezor. What I do like about this hardware crypto wallet is that you have the ability to access third party exchanges such as CoinSwitch or Chengelly directly in Trezor’s interface.
Ledger Nano S: It might have less features than the Ledger Nano X and does not come with a USB type C cable but it is also compatible with over 1500 cryptocurrencies and is value for – money worth every dime.
RTP and Variance
There are many elements and dynamics that revolve around how payouts of casino games work and although the important math and science behind it may sound complicated, it really isn’t.
When understanding these two terms, you will be able to make calculated bets and although we are not touting that it will make you win every single time, it will embellish your gaming experience because you will be able to choose games that suit your betting budget and gaming approach.
I appreciate baffling jargon no more than you so I break it down and discuss RTP’s and variance in layman’s terms. What is it? How does it work? And which slots offer you the best RTP’s and variance. We also threw in a few tips and tricks to help you make these two elements count in your favour so if you’ve never heard of it before, milk us for our research and read on.
Provably Fair Games
Crypto gambling is relatively new and although it is rapidly becoming the face of the future, the age old question remains: ‘How do I know that the outcome of the games are fair?’
I do agree, with no regulatory authority overshading the operations of crypto casinos it is a fair question.
This is however where a clever algorithm called provably fair comes to play. Never heard of it? Then it might be wise to read on.
Before the introduction of cryptocurrencies at online casinos, we relied on random number generators to ensure that the outcome of all games were totally random and fair but does this still apply when betting in crypto?
Provably fair is an algorithm that ensures randomization in games. It is actually very impressive because it uses every inch of the benefits of the blockchain to ensure a new level of fairness. What makes it so much cooler than the old school random number generator is that it allows any player, anywhere in the world to manually validate the outcome of the game.
This is done by a set of keys. You will receive one key before you start playing a provably fair game and another key at the end of the game. The second key will open the first key (that holds the results) and you will be able to manually check whether you were cheated or not.
We explain exactly how it works, how to verify your results using online provably fair verifiers and which casinos offer the best provably fair games.
How Bitcoin Mining works
We’ve all heard of the term Bitcoin mining but how does it actually work? We have compiled a page that gives you all the answers – no complex gibberish or fancy phrases. Just a simple explanation, at last!
The thing is, to make Bitcoin processable, miners are essential because they go up against each other to solve a mathematical problem. The miner that solves the puzzle first, is the conquering hero and walks away with a hefty prize after adding a new block to the blockchain.
The prize money is 6.25 Bitcoins and not only do miners get this for solving a mathematical problem, this is essentially how Bitcoins are put into circulation.
This might sound like a profitable business right?
Hold your thought. It is not that simple and there are many factors that need to be weighed up before you should consider mining Bitcoin.
But, true to our holy Joe nature, we did al the research on your behalf and assembled a guide that will answer all your questions:
Can anyone mine Bitcoin? How does Bitcoin mining work? Is it profitable? What the heck are mining pools? And, as always, we discuss the pros and the cons.
How to sell Bitcoin
It is quite dandy to fatten up your Bitcoin wallet but knowing when to cash in on your profits is very important. There are several ways to go about selling your cryptocurrencies whether it is a direct trade, peer-peer transaction, via an exchange, a Bitcoin ATM or selling them in person.
There are several platforms for every solution. Some might offer you a better rate while others might offer you more security. Alternative solutions will connect you with the right people or you might want to go to a meet-up and do all the legwork from scratch.
There are also Bitcoin ATMs these days that are easily accessible but the truth is that it is far more intricate to sell Bitcoin than to buy them.
Essentially you want to turn a profit and in order to do that, you will need to have a deep understanding of how the process works. Lucky for you, we break down all the fundamentals and discuss the good, the bad and the ugly.
Exchanges: Exchanges are the more conventional solution when trading Bitcoin. It acts as a middle man and holds the funds of both the seller and the buyer. You will need to undergo a thorough verification process and will be required to connect to a bank account and although it is very convenient, it does have its drawbacks such as processing times and costs.
Direct Trades: A direct trade site is a platform where you advertise your offer but it doesn’t act as a middle man and instead connects you directly with the potential buyer.
P2P Trading: This is quite a new concept and offers a platform where buyers and sellers can trade and buy in cryptocurrencies while storing their Bitcoins in a secure Bitcoin wallet, offered by the site.
Bitcoin ATMs: Bitcoin ATMs are becoming more common and act more or less the same as a conventional ATM. It doesn’t connect you to your bank account though but rather to the internet to make a transaction possible. It is quite costly and time consuming but equally convenient.
Person to Person: Person to person sales might be the most secure and profitable solution but it also accompanies many risks. There are several sites that arrange Bitcoin meet-ups in secure locations but you do need to be prepared because you will need to negotiate on the spot.
We at Bitcoin Casino Kings might help you try finding the best crypto casinos but that doesn’t mean we don’t recognize the need to know when enough is enough. It is unfortunately an undeniable fact that some gamers find it difficult to know when to stop but there are many options that can be utilised when gambling isn’t fun anymore.
Crypto Casinos have developed many responsible gaming tools that will help you discipline your game time and budget but there are also many organisations that will help you if you find yourself in a problematic situation. You need to understand that you are not alone in the boat and although the topic is somewhat awkward for some, we hammer on and discuss the big elephant in the room.