Continuing our insightful reviews of the online casino payment options we now present to you Bitcoin and how the services of this cryptocurrency works for New Zealand players. For those looking to invest or have already swapped a number of dollars for BTCs, learn how you can play inside the best Bitcoin casinos in New Zealand.
Introduction: Presenting what Online Casino Accepts Bitcoin
It is the newest form of finance in the monetary markets. This is the age of cryptocurrency, the nonphysical form of money that is a binary code of cash to use throughout the many Internet services that are a step ahead of everyone else.
What is Bitcoin? Why Casinos Started Accepting Cryptocurrencies
Bitcoins are a cryptocurrency; this is a binary code that is given a determined value referred to as a BTC. It can be broken down into smaller sums to bet with, this is them BTC. The millibitcoin is 1/1000 of a standard BTC.
Admittedly it probably came out 100-years too soon, this is the future of payment, but we just aren't overly ready for it yet. The wheels are, however, in motion with the slow and steady rise and development of blockchain businesses that are forming to only deal in this kind of currency.
A good indicator that it will succeed is the acceptance of this form of currency being used by casinos. Now, this market has been also a slowly expanding network, you can also play inside Bitcoin live casino sites and experience Bitcoin-only slot machines. They are not alone on the market of cryptocurrency, so the market is also expanding in this realm.
Benefits: Why you should invest in a Bitcoin Wallet
If you're keen to turn your millibitcoins into full BTC's and basically, become richer, then here is a look at the benefits of playing with this cryptocurrency option. There are several benefits that far surpass what you get from a regular form of payment, so give it some serious consideration when looking at your Bitcoin wallet. After we'll tell you all about the rewards of bitcoin play such as the collection of Bitcoin casino free spins no deposit that is on offer!
✅ Anonymity - Players are fortunate not to have any personal data attributed to the currency and because no government controls it, it can be used to play in casinos, even if banned in your country (note: all NZ casinos are legitimately accessible.)
✅ No Fees - Using an official Bitcoin casino means no fees or conversion charges exist. So, you play with the money you have and win BTC back from the operator.
✅ Transactional Speed - Both deposits and withdrawals are instantly paid and at most, only 24-hrs to get winnings back.
✅ Security - They use a one-off binary code for every transaction made, they cannot be re-used, and they cannot be duplicated. No hacking, no third party, no risks at all.
✅ House Edge Decreased - All official Bitcoin casinos come with a 1% house average over the games. This is significantly lower than the average 5% on all other currencies, meaning you win more frequently no matter what you play.
✅ Provably Fair Gaming - Machine tools that check the validity of a spin or bet before the money is placed. Basically, it makes sure you're not being cheated on.
❌ Markets - The value of a Bitcoin fluctuates quite a lot, and this can lead to poor exchange rates but can lead to good ones also. It's very much a tightrope walk when playing with Bitcoins in a casino that is not set up for them.
❌ Fees and Charge - Joining a casino not properly set up to handle it means you have to convert them into dollars, and this is where you can lose value on what you play with and win back.
Best Bitcoin casino bonus
Don't go thinking that just because you are using a whole new form of currency that you cannot be privy to a few extra treats. The reality is they are super supportive of players using the cryptocurrency that a number of bonuses exist out there to benefit from. So, what are the best bonus offers doing the rounds? Here's a look at the current popular ones you can claim right now.
No Deposit Bonus
A Bitcoin casino no deposit bonus grants members of a site with the reward that can be claimed with no requirement to put money forward in order to gain something back. The no deposit bonus is a sought-after reward because of this, and they are very lucrative because you can essentially win free BTC back.
Free Spins No Deposit
These are essentially bitcoin casino free spins that are solely for the BTC slot machines. The number of spins that are offered varies from casino to casino and some of them are not eligible across all slots. Some of the Bitcoin casino free slots are specifically picked i.e. new game releases, the game of the week, etc.
Depositing and Withdrawals via Bitcoin Casinos
Admittedly, the use of them is not as straightforward to explain to players new to the concept as it would be to describe what is more commonly used or what is more familiar in terms of actions in processing payment. So, because of this, we are going to breakdown the processes that are involved in using the bitcoin inside casinos with and without Bitcoin casino software because there are two types of casino that we will discuss after this section.
How to Deposit with Bitcoin Currency
From the casino's cashier section, the player must first select the option of this payment method. The next step is to pick the value of BTC you wish to deposit into your account. Now, if the casino doesn't have the facility to bet with actual BTC then you will see the conversion value of your deposit change to New Zealand dollars. If the casino, on the other hand, is equipped, then it is a simple case of confirming the payment and having it deposited into your account in a matter of seconds.
How to Withdraw Winnings
The process of withdrawing bitcoins works very much in reverse. You will head to the cashier section and click withdraw. From here, you will select this payment option as the preferred currency. You will pick the amount you wish to transfer. If the casino is not adapted for them, then your money will be returned in dollars and you will see the conversion rate again. Once happy with the money being withdrawn, click approve and confirm your account password to activate the payment.
Bitcoin Casinos: From Live Casino Sites to Official Platforms
There are two forms of Bitcoin casino, to put it simply, you have your standard casinos that are able to accept them as a payment currency but are unable to provide official games. Therefore, your payment will be converted to dollars and you will play regular online casino games.
Then you have the official casino sites, made solely and purposefully for the cryptocurrency. They contain official provably fair games and live casino games also. New Zealand is blessed to have both types of casino for you to pick and join. So, what is the best Bitcoin casino NZ has? Well, here is a list of the current TOP 10.
10 Best Bitcoin Casino Sites in NZ for 2020:
- Black Diamond Casino
- Eclipse Casino
- Paradise 8
- Raging Bull
- Slots of Vegas
- Red Dog Casino
- Dreams Casino
FAQ: Top 3 Bitcoin questioned resolved
What casinos accept Bitcoin?
All casinos with Bitcoin payment options can take the currency. However, only official bitcoin casinos actually payout in this currency and provide users with provably fair casino games designed for use. Other standard casinos convert the bitcoin into NZ dollar currency to allow you to play.
Is it safe to use Bitcoin in an online casino?
Yes! The security that it has is unparalleled with anything else on the market in terms of ‘normal’ currency. There are, of course, many other cryptocurrencies that have the same level of security. But they are 100% safe to use inside online casinos.
Does mobile casino accept Bitcoin?
Yes! If the casino has a mobile app and allows for Bitcoins to be used as a form of payment, then yes, the two combine to give you this freedom of gameplay. The current TOP 3 mobile casinos that allow it: Dreams Casino Bitstarz Playamo