Bitcoin and Gambling

BTC Casinos are reviewed by Casinomeister

emily_whalelend

Registered
Joined
Jan 30, 2019
Location
Oslo
Heiya fellows,

Has anyone here gambled in the form of bitcoin before? Where I am from, Norway, it is completely legal to do so.
Any advice or recommendations?
 

karolina_kov

Registered
Joined
Apr 16, 2019
Location
München
I believe that bitcoin is a very promising currency. Reading articles about **snip** 2019 I find more and more information about globalization of gambling.
Unfortunately, everything takes time. But i am sure that bitcoins have a future.

EDIT: removed spammy affiliate site link
 

dunover

Unofficial T&C's Editor
Staff member
webmeister
PABnonaccred
PABnononaccred
CAG
mm3
Joined
May 22, 2012
Location
the bus shelter, opposite GCHQ Benhall
I believe that bitcoin is a very promising currency. Reading articles about **snip** 2019 I find more and more information about globalization of gambling.
Unfortunately, everything takes time. But i am sure that bitcoins have a future.

(removed spammy affiliate site link)


If you've turned up at Casinomeister with the intention of promoting your affiliate site then you may find your stay here is a very short one.

Please read the forum rules and don't do it again.

Thank-you
 

xpdeus

Newbie member
Joined
Oct 7, 2019
Location
Polska
Bitcoin betting is perfect for countries like mine, where gambling is banned. Even when you sign up to bookie through VPN, you can't withdraw money to bank or skrill. So btc payment is the solution. When you want to cashout bitcoins anonymously, you can use local.bitcoin.com
This decentralized P2P exchange doesn't require KYC/AML so you don't have to send any ID scans and provide you real name. Just sign up with email and sell/buy bitcoin cash. Here is short video how it works:
 

Fiekie247

Experienced Member
Joined
Aug 7, 2017
Location
South Africa
Its actually nice to play in BTC for me as well.
I do play only at Bitstarz, there are other casinos, however Bitstarz is the only one with many providers allowing BTC currency.
Some other sites like iLucki, when you launch a provider, it automatically change your currency to USD or Euro so be aware of that factor.
 

Lobo

Repeated violations of rule 1.18 - being a PITA
PABnoaccred2
Joined
Apr 21, 2018
Location
Scandinavia
How is the verification process and AML/RG (SOW) process at bitcoin casinoes?

Is it the same thing as Casumo where you are forced to show proof of wealth, where the money is coming from etc? Account statements that shows how you funded your bitcoin wallet?

@BitStarz - your license is Curacao, right?
 

Fiekie247

Experienced Member
Joined
Aug 7, 2017
Location
South Africa
They have Curacao license yes. So I do not believe UK punters can play there.

I have never actually heard of anyone that went through SOW at Bitstarz. I guess if you reach a certain threshold you might get asked for SOW not sure. To me it seems like its only UK punters 99% of the time that get hit with SOW?

Standard verification was applied to my account, uploaded the docs and within 2 minutes I was verified, this was carried out before my 1st withdrawal. Verification took 2 minutes after docs was uploaded and money took less than 5 minutes to hit my BTC wallet there after.

Now that I am verified, when I withdraw, within 5 minutes I receive a notification that my BTC is already waiting confirmation.

In terms of SOW for BTC, I guess Olle @BitStarz can come and chime in here.
 

BitStarz

Accredited Casino BitStarz Representative
Joined
Nov 25, 2014
Location
Malta
Right you are. We're on the Curacao license :) When it comes to the verification we're doing standard KYC but we're not treating the BTC guys any different :)
 

4048

Experienced Member
Joined
Jul 20, 2017
Location
Malta
Made a deposit with bitcoin on bitstarz (twice the size I wanted due to inexperience but oh well),

It worked allright, limited game selectoin and massive minimum bets for many play'n go games (2€!), but the process was hassle-free.

Didn't get to withdraw (I would if I had known how lol) but wasn't left with a bad experience.
 

BitStarz

Accredited Casino BitStarz Representative
Joined
Nov 25, 2014
Location
Malta
Hi there,

Awesome to hear that you had a decent experience (sorry you didn't win anything though :( )

With that said, you raise a very important point about the minimum bets. We try to stay on top of them, but sometimes we forget that the value of crypto changes so quickly. If you find a game with very high minimum bet and you wish to see it being lower, just reach out and I'll be happy to lower it for you :) I mean, maybe not to 0.0005 USD per spin equivalent but within reason of course :)

Wish you all the best of luck at BitStarz or another casino of your choice. Oh, and have a good weekend.

Olle
 

justkeet

Registered
Joined
Oct 18, 2019
Location
LONDON
I would never trade with bitcoin it is too dangerous and you can end up losing everything veryquickly.

The odds are way too stacked againts you.

Justin
 

BitStarz

Accredited Casino BitStarz Representative
Joined
Nov 25, 2014
Location
Malta
Hi Justin,

If you're looking to trade with Bitcoin, yeah I agree with you, I wouldn't have the nerve to do that :) I would treat it
as a long term high-risk investment with very little stake.

Playing casino with bitcoin is another story though, especially when you can convert the BTC to for example EUR
on deposit at for example BitStarz :)

Then again, owning BTC and other cryptocurrencies is not for everyone :) everyone's different.

Olle
 

allang84

Newbie member
Joined
Nov 9, 2019
Location
uk
I live in the Uk but gamble with bitcoin. I prefer it because I can sell the bitcoin I win very quickly. *snip*
 
Last edited by a moderator:

electronictonic

Senior Member
Joined
Jun 23, 2013
Location
UK
This is the only option UK players will have in a few years when the UKGC has completely strangled the UK market and all the Malta based casinos have gone and all that is left is online bookies with max £1 spins and 94% RTP or less on all slots.
 
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