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Bitcoin Casinos: Safe or Not?

Bitcoin has earned itself a bad reputation in the online casino world, but not because you may think. In fact, the cryptocurrency is both incredibly secure and reliable like any other currency. Instead of being concerned with bitcoins themselves, bitcoin betters need to be aware of one problem only. Casino no.

The problem: rogue casinos!

Before many established online casino sites adopted bitcoin as one of their standard payment options, there were very few obscure sites that did welcome bitcoin players. These sites were often unregulated and improperly licensed.

Rather than bitcoin casinos being bad, the early days for bitcoin gambling saw more dirty players than clean. You should always avoid rogue casinos and opt for reputable sites after doing research or checking authority pages like CasinoSmash.

But before you even drop any of your coin at the most solid bitcoin casino, it is important to understand how these bitcoin casinos work, which will be explained next.

How Bitcoin Casinos Work

Bitcoin casinos, just like any standard online casino, operate under regional licenses and often offer welcome bonuses for new players. These include the highly sought after no deposit bonuses , where players can collect cash or free spins before they even drop any cash.

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The main difference you may want to note if you’re a bitcoin gambler is that while you can deposit and withdraw in bitcoin, many games will still show other currencies.

The reason why bitcoin casinos do this is because casinos purchase game licenses to host them on their sites, and to avoid mix ups the developers stick to standard currencies like Euros, GPB or USD.

How to Get Casino Bonuses with Bitcoins

When it comes to collecting welcome bonuses, it works in much the same way regardless of the currency you are using. Luckily for bitcoin users this also applies to BTC! Below are a few tricks to being able to spot the best offers and collect them to play real money games with extra cash.

Bitcoin Bonus Hack #1: Do Your Research

The key to grabbing no deposit bonuses is knowing what’s available and taking advantage of sweet, time limited deals before they expire. While it sounds simple enough, this involves frequent research, usually done by checking pages like this one.

In addition to staying up to date on no deposit bonuses, you should also be sure to only choose legitimate online casinos. Also, beware of the terms and conditions, because there are still only handful of sites that will allow you to withdraw any wins in bitcoin!

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Bitcoin Bonus Hack #2: Beware of Bitcoin Value

As mentioned earlier, bitcoin casinos may accept bitcoin and hand out no deposit bonuses valid to be withdrawn in BTC as well, but most casino games are not exactly bitcoin friendly.

Usually when playing games, whether it’s slots or blackjack , you keep track of your bankroll and betting amounts in the currency you choose. However, bitcoin users won’t be able to bet in BTC or view their bankroll in their original currency.

This makes it tougher to manage your bankroll and apply betting strategies, especially if you’re accustomed to making exchanges in BTC rather than the available currencies. Moreover, bitcoin is a volatile currency with market value fluctuating multiple times a day.

Therefore, you should always have an exchange app open to double check bets whenever you’re uncertain. Also make sure you check the daily rate before withdrawing to avoid losing any of your hard-earned wins to the fluctuating bitcoin market.

Top Bitcoin Casino No Deposit Bonuses

Now that you know the basics of bitcoin casinos, and how to claim and use BTC no deposit bonuses when joining them, we’re going to help point you in the right direction with a list of 2017’s top bitcoin no deposit bonuses.

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In order to claim the offers below just click the Play Now button, and if you want to read more about the casino they are offered in you can also check out the full casino review covering everything from additional bonus offers to their featured games!

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