Not all Bitcoin dice games are equal. New dice games are popping up every month – some are awesome and some are poorly attempted copycats. TheBitcoinStrip has all the newest and best Bitcoin dice games and we endeavour to review every single one. So what should you be looking for when deciding on where to play?
If a Bitcoin dice game isn’t provably fair you should probably make a hard pass. Provable fairness is simple to implement and provides players with peace of mind to know that each roll wasn’t tampered with. If a new Bitcoin dice game launches without being provably fair, alarm bells should ring!
Provable fairness is the mechanism behind many variations of Bitcoin gambling that proves mathematically whether a roll was manipulated. It’s a system that allows the to prove without a doubt that all rolls are fairly generated.
Bitcoin deposits are typically added after just one confirmation (roughly 10 minutes). There’s rarely any delay when getting started at a Bitcoin casino. Any dice game requiring more one confirmation is best avoided from players that want to play fast!
Some fantastic casinos also offer no-confirmation deposits, which allows you to start betting before the network verifies your transaction. This is still secure because they won’t let you process withdrawals until it ends up confirming. Sadly, this deposit option is quite rare nowadays as more casinos turn towards publicly funded bankrolls and the maths gets very messy when you have to reverse payouts back into the investor pool.
That said, those desperate for a zero-confirmation deposit may have more luck finding one at any of the Bitcoin cash casinos we have listed.
As mentioned, Bitcoin transactions typically take ten minutes to confirm on the network; this is due to the specifications of the blockchain. However this is just the average – the actual transaction time may be just minutes or, if you’re unlucky, hours.
Bitcoin casinos typically have a hot-and-cold wallet management system in place. This is where only a percentage of investor funds and player balances are actually stored in live wallets on the website. The rest of the Bitcoins are inaccessible from the webserver but the operator has offline access.
This might sound shady but it’s actually very smart. If a hacker somehow gains access to the webserver, the most they can steal is whatever is in the live (“hot”) wallet.
The hot wallet is topped up when it’s needed to be. If people win enough, the hot wallet can deplete and so the owner needs to manually transfer Bitcoins from the cold wallet back to the hot wallet. Likewise, if people are losing a lot and the hot wallet amasses a decent balance, the owner will transfer funds to the cold wallet.
While this is a great system for security, it can get annoying when casino operators don’t top up the hot wallet quickly enough. Big wins can be heavily delayed by seemingly lazy admins.
Since SatoshiDice first launched in 2012, Bitcoin dice sites have greatly improved in their security protocols thanks to tools like multi-signature wallets. The top rated dice sites featured here have always been quick to pay out.
High maximum win
While this might not matter to the smaller players, a high maximum win is a sign of a well-funded casino. Usually, the maximum win is pegged to a fraction of the casino’s bankroll – hovering around the 1% mark.
A higher maximum win allows the whales to have some fun too.
Low house edge
The house edge is the percentage advantage that the casino has owner the player. It basically refers to how tilted the odds are towards the dice game.
A house edge above 1% isn’t very competitive in the Bitcoin dice world and is usually frowned upon. Typically, a house edge of 1% is considered fair and 0.5% is considered extremely fair. It’s not unheard of for a casino to offer a 0% house edge for a limited time too!
In comparison, the table game roulette normally has a house edge of 1.8%. As online Bitcoin casinos have little overhead and are far more competitive than Las Vegas casinos 1.8% is too much for us.
Top Bitcoin dice
Bitcoin dice games are tradition among the cryptocurrency gambling community. They are by far the most popular Bitcoin-invented casino games online. As dice sites typically allow punters to enter precise levels of risk and reward at a fixed house edge, players often regard it as the truest and most pure form of gambling.
The following is a compilation of all Bitcoin dice games, sorted by popularity and a variety of other metrics. You can filter the list to find a casino to roll on by using the checkboxes.