New Bitcoin Casinos

In no other aspect of Bitcoins usage has there been so much excitement and explosive growth as there has been with online gambling.  This is mainly because when using Bitcoin, gamblers are able to play anonymous and with minimal banking fees.

Bitcoin casinos are also attractive to gamblers because many of the games offer a better house edge than regular casinos. Dice games in particularly have been known to offer a house edge as low as 0.5% and sometimes even 0.00%. The reason for this is they do not have to offset the expensive processing fees that fiat casinos do.

Traditional casinos are also jumping onto the Bitcoin bus as the lack of regulation means less red tape and restrictions. Bitcoin allows these casinos to offer many of their games to a broader audience.

Although there are very few regulations in place for Bitcoin casinos, the blockchain itself is transparent and secure. Some casinos even operate entirely on the Ethereum blockchain, providing unprecedented levels of security for both the player and the casino.

Provably fair casinos are also popular among Bitcoin gambling sites. These games are able to provide cryptographic proofs as to the fairness of their game.  Players can check on fairness with every play they make regardless of the outcome.

In such a short space of time, we have seen many new Bitcoin casinos come onto the market and with the growth and development of the industry, we are now starting to see another evolution in Bitcoin casinos. There is now the emergence of Bitcoin casinos that are like nothing we have seen before.  New casinos such as stake.com and casinofair.com are offering game-changing and cutting edge online casino play.

There is a huge range of Bitcoin games to choose from. There are the classics that most gamblers are comfortable with like Bitcoin slots, of which there is a never-ending selection to choose from.  There are also games like Blackjack, Roulette, Baccarat and of course many, many varieties of Poker.

With the advent of Bitcoin Games, gamblers are being introduced to a whole new perspective on gaming and gambling with cryptocurrency.

Bitcoin games are often a way of acquiring cryptocurrency.  Many of the games include a faucet which drips small denominations of Bitcoin into a player’s wallet.  The familiar Bitcoin versions of Blackjack, Roulette and slots offer a good faucet drip rate at an average of every 10 minutes.

Bitcoin games have seen the introduction of games based around shows that are popular with a massive audience, for example, Bitcoin’s Wheel of Wealth is based on ‘Wheel of Fortune.’

‘The price is Right’, which is another old familiar show, has a similar Bitcoin game based on its gameplay, called ‘Falling Fortune’.

Who could live without the Lottery?  Instead of weekly draws like the live show, with Bitcoin Lotteries the draw can be as often as every hour.

Gaming providers are sure to keep on coming up with more radical games that require plenty of player participation, making this industry even more entertaining and attracting new players every day.

A lot of previously fiat-only casinos have been left in the dust as the race for cryptocurrency inclusion began several years ago.  However, it seems that more and more of the traditional fiat casinos are starting to take on Bitcoin and other cryptocurrencies as a deposit method and turning themselves into what we refer to as “hybrid casinos”.

Cryptocurrency and all that it offers seems to fit hand-in-hand with the online casino industry making it easier for players to have a great gaming experience without all the worries that come with betting USD or EUR.  There has been quite a migration of players to Bitcoin casinos, more and more of which keep popping up.

Bitcoin therefore became an obvious expansion point for fiat casinos to become fully inclusive to keep and expand their audiences.

Ethereum and Altcoins

Bitcoin casinos have surged in popularity in recent years and the industry is evolving at a rapid pace. There are now dozens of alternative cryptocurrencies (“altcoins”) that can be used for gambling and one of the more interesting platforms is Ethereum (ETH). Through the use of Ethereum smart contracts, casino operators are able to allow players to deposit and withdraw without a middleman. This new paradigm of gambling is one that stands to make the entire space safer and more trustworthy for everyone. While the market for Ethereum gambling is certainly smaller than that of Bitcoin, its growth has been astonishing. We are regularly adding new Ethereum and altcoin casinos to TheBitcoinStrip.com and our latest are listed below.

Blockchain in itself is transparent and secure thanks to its open public ledger.  Players can check each transaction and gameplay as it happens to ensure that the casino and games it offers are 100% provably fair.

Betting Responsibly

It is important to remember that new Bitcoin Casinos may also operate in a low-regulation environment. Always check the licenses of the casino you’re depositing at, and if a casino is not licensed then deposit at your own risk. It is also useful to check withdrawal Terms & Conditions before playing at any casino, and be sure to keep the bulk of your funds stored in your own private Bitcoin wallet.