Bitcoin Accepted UK Online Casinos

What is Bitcoin?

Bitcoin is a digital currency that was created in 2009. It is decentralised, meaning it operates independently of a central bank or government, and it uses cryptography to secure transactions and control the creation of new units.

One of the main advantages of using Bitcoin as a payment method is that it offers increased anonymity and security compared to traditional payment methods. 

Because it operates independently of banks or financial institutions, Bitcoin transactions are not subject to the same fees or regulations. They can be processed more quickly and with fewer intermediaries.

Are UK Bitcoin Casinos Legal?

Bitcoin gambling is not yet fully regulated in the United Kingdom, but players can use this payment method at some casinos due to the legal grey area they currently fall into. 

Therefore, it is not illegal for an online casino to offer Bitcoin as a payment method as long as they obtain a licence from the UKGC. 

This is very hard to obtain and keep, as the operator has to regularly prove to the Commission that they are meeting their obligations regarding AML practices. 

UK Gambling Commission Provisions: Bitcoin Casinos

Due to an increased number of demands from operators, the UK Gambling Commission released a set of guidelines regarding the use of Bitcoin and other cryptocurrencies for gambling. 

UKGC refers to Bitcoin and similar coins as crypto assets rather than currencies to draw an important distinction between these and government-issued currencies. 

The UK Gambling Commission has noticed that people applying for licences to run a gambling business are having trouble proving where their money is coming from if they use crypto-assets, like initial coin offerings (ICO), to fund their business.

For applications to be accepted, the operators might provide a complete history of the funding source. For example, if crypto-assets were bought after selling a property, UKGC requires legal documentation of the property sale. 

It seems like Bitcoin casino licences would be offered on a case-by-case basis, granted that the operator can satisfy strict regulatory requirements and conduct in-depth analysis regarding risks. 

For an operator to be allowed to make Bitcoin transactions under the supervision of UKGC, they’d have to provide detailed information regarding the following:

• AML risk assessment.
• How fluctuations compared to fiat currency will be dealt with.
• How the funds will be treated in the event of insolvency, and how customers will be informed of this.
• What information has been provided to players regarding the risks of gambling with crypto-assets.

How to Deposit in UK Online Casinos Using Bitcoin

Making a deposit using Bitcoin at an online casino in the UK is more complex than other payment methods, but you can quickly figure it out.

How to Withdraw from a UK Online Casino Using Bitcoin

The process of withdrawal is quite similar to the Bitcoin deposit process. Here is the simplified process step by step:

1. Log in to your player account on the casino’s homepage.
2. Go to the cashier section and select Bitcoin as the withdrawal method.
3. Enter the amount of cash you wish to withdraw and the email address.

The funds should be available quite fast in your Bitcoin wallet.

Once the Bitcoins are in your wallet, you can keep them there or sell them for fiat currency using an online exchange service. 

PROS and CONS of UK Bitcoin Casinos

Just like any other payment method, Bitcoin has plenty of benefits but also a couple of cons. To make it simpler, we broke them down in the table below:

Bitcoin Safety and Security

Playing at UK online casinos that accept Bitcoin can be safe if you take the necessary precautions and choose a reputable and trustworthy casino.

For people in the UK, it's important to ensure that the online casino is licenced and regulated by the UK Gambling Commission. 

It's also a good idea to research the specific online casino you're considering and read reviews from other players. 

When using Bitcoin specifically, it's important to take additional measures to secure your cryptocurrency, such as using a reputable and secure wallet and keeping your private keys safe.

How to Choose the Best Bitcoin Casino

When you pick a Bitcoin online casino to play at, you should always apply the following rules:

• User reviews. Always look for reputable online Bitcoin casinos in the UK with good reviews and rated as the best by other players to ensure that specific website doesn’t have a bad history.
• Game collection. Take your time and look at the selection of games inside each Bitcoin casino before signing up. If you are a slots fan, go for a website that offers Bitcoin slots, or if you fancy table games, go for a Bitcoin gambling website where you can find mostly Bitcoin table games. 
• Customer support. Because no one owns the whole cryptocurrency blockchain and it’s very hard to solve a problem, ensure that the desired casino has good customer support, preferably available 24/7. It also helps if the customer service team can be contacted through various means. 

Because we understand very well how important it is for British players to enjoy a great gambling experience, we use a complex reviewing process when making our lists, using our team's expertise and other real gamblers’ ratings.

It’s hard to pinpoint exactly which UK Bitcoin gambling website in our list is the best one, as not every single one of these casinos will be everyone’s cup of tea. 

Each gambler has different tastes and needs. However, if you want to see which top Bitcoin casino has been in the top favourites, you can also use the “Top-Rated” option in the filter options. 

You can also sort the list using the “Newest” option to display the newest released UK casinos. Most of these have been released within the last year.

Bitcoin Casino Bonuses

Bitcoin gambling websites in the UK offer various bonuses and offers to attract new players and keep the existing ones happy. And there is absolutely nothing wrong with this, as it benefits both the casino and the players. 

You will encounter a couple of bonuses at Bitcoin online casinos, and we will talk about each in short.

The first ones you will encounter will be welcome bonuses, which are divided into two categories:

• deposit match bonuses
• no deposit bonuses and spins

Match bonuses represent a match percentage of your first deposit. If the casino offers, let’s say, a 100% match bonus, that means you get a bonus consisting of 100% of the amount you have deposited. Therefore, you will have double the amount to play with. 

No deposit bonuses or sign-up spins are the rarest offers you can claim. Just as their name suggests, you don’t need to make any sort of deposit to get them. You can generally claim these after verifying your identity in your new casino account.

Some Bitcoin gambling websites offer loyalty and VIP programs where you can get birthday gifts, exclusive promotions, tickets to certain tournaments, or more significant bonuses.