Bitcoin Online Casino Option for New Zealand players
With the vast number of online casinos growing, every casino wants to differ from the rest in a way that it can attract more players more than the others. From offering huge bonuses, offering mobile platforms, lowering the deposits and others giving free bets, other platforms have identified another avenue that is really important in any casino and it is the payment section.
With the rise of cryptocurrencies, some platforms have gone ahead to incorporate them as a mode of payment and the result has proved to be futile. The following cryptos have been accepted to some of the notable casinos. Bitcoins, Litecoin, Ethereum, Monero, Dash, Bitcoin Cash, Dogecoin, Ripple, Zcash and Tether. The mode has been known to be fair, efficient and secure and it is universally accepted which makes it one mode that is getting the required attention. What’s more, is that the service is normally free, unlike other modes that have charges on withdrawals or even deposits.
Let’s have a quick look on how to buy, store, deposit or withdraw your bitcoins from a crypto casino. You will have to open a BTC Wallet where you will store your coins and while at it, ensure that your keys are safe and you do not share with anyone. You can have a selection between the Trezor wallet which is easier to use for every person and Ledger wallets with a cheap cost. Always make sure that you buy the wallets from the original manufacturers and not third-parties. Proceed on to acquire bitcoins that will help out in the wagering process. You can buy them through their ‘blockchain’ which is mainly a virtual account book or alternatively, you can use your credit cards or your debit cards. You will then transfer your Bitcoins to your personal wallet where you will then go ahead to deposit the bitcoins to the casino and if you are in luck, you will proceed on to withdraw as the other modes but you will have to convert the bitcoins into fiat currency that fits you. The methods that are in place in converting them include; Localbitcoin, Coinbase and Bitquick. It is advisable to understand which methods fit your location perfectly.
In some cases, there are platforms that have gone ahead to offer specially tailored promotions to those clients using Bitcoins and just like other offers, this is used as an incentive to players. To others, you will also get Free Spins that will be offered.
What is Bitcoin Exactly?
You’ve heard of credit and debit cards, prepaid vouchers and eWallets, all very popular payment options available at top NZ online casinos. Bitcoin is actually quite similar in many ways to other payment options but the really big difference is found in how it exists, where it exists, and how it can be used.
Essentially, Bitcoin is a digital currency, which means that it does not exist in the real world in the same way that other currencies such as dollars or pounds do. Bitcoin exists exclusively online and is used to purchase products or exchange funds on websites and between internet users. In order to get Bitcoin, you need to buy some using your normal fiat currency (such as NZD) from special websites called Bitcoin exchanges. Once you’ve purchased your Bitcoin, you can then go ahead and purchase a vast range of items online or, in our case, use your Bitcoin to fund your online casino account.
Advantages to Using Bitcoin at Our Recommended Bitcoin Casinos
There are a number of advantages to using Bitcoin or other similar digital currencies (collectively called crypto currencies) such as Ethereum. One of the biggest and most obvious advantages to using Bitcoin for online gambling is its relative anonymity. For one thing, you do not need to submit your credit card or debit card details to your online casino when using Bitcoin. In this way Bitcoin is actually more similar to electronic voucher systems or prepaid systems like PaySafeCard or InstaDebit. However, unlike electronic prepaid voucher systems, Bitcoin can be withdrawn from your player account without the need for a secondary payment system.
Using Bitcoin as your main online casino currency is one of the safest ways for Kiwis to gamble online since you are actually purchasing your Bitcoin from an approved and independent Bitcoin exchange. Not having to divulge your personal banking or credit/debit card details to your online casino means that there is no chance of that sensitive data being misused or even hacked by a third party. Bitcoin also has the advantage of being instantly available to you, both in deposit reflection times and withdrawal turnaround times.
How to Set Up Your Online Bitcoin Casino Account
Setting up your Bitcoin account is very simple and only takes a few minutes to complete. However, before you actually go to open your new Bitcoin casino account, you will first need to purchase your Bitcoin.
The first step in this process is to visit a safe and reputable online Bitcoin exchange where you can take your fiat (regular) currency, such as NZD, and exchange it for Bitcoin to the same value. Open a private account at the Bitcoin exchange site and follow the instructions listed. Next, purchase your Bitcoin by using your credit card, debit card, select eWallet, bank account, or other means that are listed as available options. Once you’ve purchased your Bitcoin, go to your online Bitcoin casino and, if you haven’t already signed up, do so. After signing up go to the casinos banking or cashier page and select Bitcoin from the available list of options. That’s it! You are now ready to play your favourite pokies, roulette, blackjack or other casino games with Bitcoin and draw your winnings in Bitcoin too. Once you’ve made your withdrawal, you can go back to your Bitcoin exchange and exchange your Bitcoin winnings for regular NZD again.
Tips for Playing at Bitcoin Casinos
Now that you understand just what Bitcoin is and how it works, and you know how quick and easy it is to actually get hold of some Bitcoin for casino gaming, let’s look at a few basic Bitcoin tips before you get going.
Remember to follow these simple steps before signing up to play casino games with Bitcoin:
- Get yourself a good, safe and reliable Bitcoin wallet. There are several options available including an online Bitcoin wallet, an offline/software wallet, and a hardware wallet. Each preference has its pros and cons although most Bitcoin users seem to agree that while the online version is easier and quicker to use, the hardware Bitcoin wallet is safest.
- Visit and register with a reputable online Bitcoin exchange
- Purchase your Bitcoin via several payment method options available
- Read our NZ Bitcoin casino reviews before selecting one to sign up with. This is the best way to avoid falling into any online Bitcoin scams regarding online casinos that seem to be rife at the moment. Read further down as we outline how we select our recommended online Bitcoin casinos for NZ players.
What Games can be Played Using Bitcoin?
This is one of the most common questions asked by new Bitcoin casino gamblers in New Zealand. When Bitcoin first became available as a payment option at select online NZ casinos, the number of games was somewhat limited. However, today it is an entirely different story as Bitcoin users can access an extensive range of online pokies, jackpot games, table games, live dealer games and more. Whether you love classic or 3D pokies, virtual or live dealer blackjack, roulette or baccarat, our recommended NZ Bitcoin casinos will have something for you.
How we Review Bitcoin Casinos
Believe it or not, Bitcoin online casinos are not all that different from other types of online casinos. In fact, most of the online casinos that we review will offer Bitcoin as an additional payment option right alongside their regular payment options and currencies. When it comes to dedicated Bitcoin online casinos, we review them in exactly the same way, using the same stringent testing criteria and parameters. We test every NZ online Bitcoin casino for:
- Online Safety and security
- Game selection
- Software partners (such as NetEnt, Microgaming, Evolution and so forth)
- Banking security and payout time frames
- Quality of customer support and available hours
- Quality of bonus offers (and if any are available in Bitcoin)
- Mobile Bitcoin gaming options
At casinoslots.co.nz you can be sure that every single online casino on our recommended list has been thoroughly tested by highly experienced and knowledgeable gambling experts with years of experience in both the local NZ gambling scene, as well as internationally. This means that you can pick your preferred NZ online casino (Bitcoin or otherwise) with complete confidence!
Best Crypto Casino List
Software providers like NetEnt and Microgaming have been on the front in offering compatibility with the cryptos. The list below includes Casinos that use cryptos;
As it stands, 1 BTC = $167.66 (as of time the review has been written).
Fortune Jack Casino
Fortune Jack Casino FD: 5 BTC + 250 FS
BetChain Casino FD: 100% matched up to 1 BTC + 200 FS (1stDeposit)
NetBet Casino FD: 100% matched up to $200 + 10FS on Age of the Gods
Oshi Casino FD: Up to 5 BTC + 225 FS (5 deposits)
7 Bit Casino FD: 100% bonus up to 1.5 BTC + 100 FS
PlayAmo Casino FD: 100% up to $100 + 100 FS
Sloto Cash Casino FD: Get $7,777 + 300 FS
24VIP Casino FD: 100% match up to $1,000 + 240 FS
Monte Cryptos FD: 120% up to $120 + 120 FS
mBit Casino FD: 110% up to 1 BTC + 250 FS
Those are but a few casinos that accept cryptocurrencies as a mode of payment. It is advisable that one gets to understand the exchange rates of each of them to have an easy time generally.
Crypto Casino Terms and Conditions
Every service that will be offered on the platform is subject to terms and conditions. From depositing, withdrawing and even participating in the promotions. With that in mind, the following are some of the common T&Cs
As you deposit your bitcoins, understand the minimum requirement before playing a game or participating in a bonus
This go down with the bonuses. Before any withdrawal, almost all bonuses are subject to wagering requirements. In some, you will have to wager the bonus, deposit or in other cases, both of them. On the Free Spins, some of them are also subject to wagering requirements
In some casinos, they will accept the cryptocurrencies on a certain category of games and not all. That is an area that a player needs to look into.
Not all casinos use cryptocurrencies for both transactions. Some will only accept deposits and not withdrawals. A player needs to go through the terms to understand this.
You will need to understand the maximum payouts and also the withdrawal limits that are set by the casino
Not all countries are accepted to different Casinos. Hence, ensure you go through the list of restricted countries before going ahead to create an account.
Crypto Casinos Pros
- Privacy is maintained
- It is fair
- No legal restrictions
- Free services
Crypto Casinos Cons
- Digital currency value is unstable
- No fast transactions
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