Bitcoin is the world’s most popular cryptocurrency and one that has been established for long enough to instil trust in many online industries, such as retail, hospitality and online gambling.
However, although Bitcoin has been around for over a decade, some people still have doubts about using this digital currency and its legality, particularly at online casinos.
The reality is, Bitcoin is here to stay and is commanding as much respect in the modern world as fiat currencies such as the dollar, euro, pound and others.
In fact, over the last three years, the popularity of Bitcoin in online and mobile gambling has grown considerably and has grown faster than most other currencies in terms of new usage.
This has led to more online casinos introducing Bitcoin as a form of payment so that players can gamble using crypto instead of cards or e-wallets.
What’s more is, the casinos that are offering Bitcoin games in 2021 are not fly-by-night rogue scammers, but legit, established and reputable brands.
Furthermore, online casinos that offer Bitcoin are not only already trusted by thousands of players, but go above and beyond to provide customers with all of the legal framework that goes with online gambling.
This legal framework shown to players by casinos includes license information and regulation details by local authorities in active jurisdictions, which reinforces the trust and legality of these Bitcoin operators.
So whether you are looking to play casino games in traditional currency or Bitcoin, the question should not be are Bitcoin casinos legal, but does the casino look established enough to trust.
This is because Bitcoin casinos are on a level playing field as traditional currency casinos in terms of payments and legality.
Therefore, players have as much chance at being scammed or playing with an illegal operator in traditional currency, as Bitcoin friendly casinos.
In fact, as the number of traditional casinos still outweighs Bitcoin casinos, there are more illegal casinos with fiat currencies than there are in the Bitcoin casino category.
Bitcoins casinos are legal – here’s why
Traditional currencies such as euros and dollars have been regulated for years, whereas the regulations for Bitcoin are still in their infancy.
In fact, only a handful of countries regulate Bitcoin and are only just introducing laws for its legality.
This means that in a lot of countries around the world, although Bitcoin is widely used, it is not considered legal tender.
However, this does not mean that casinos which accept Bitcoin are illegal.
There are many casino operators that accept Bitcoin alongside other forms of currency, in which they decided to introduce this digital currency due to popular demand. And there are some casinos that specialise only in cryptocurrencies, such as Bitcoincasino.io.
Taking the example casino site of Bitcoincasino.io, which is one of the leading casinos for Bitcoin, we can see clearly that it is legal and trusted by thousands of players every day.
One of the easiest methods to verify the legality of Bitcoin casinos is to visit the website and scroll to the bottom of the homepage.
Here you should find a variety of data relating to the legal framework of the operator, including company name, location of registration, registration number, address, license information and any additional details that the operator wishes to disclose, such as payment processing.
More often than not, the actual brand of the casino site is not the name of the operating company. This is standard practice and not something you need to be wary of.
So, along with the operator name, there are vital details that you need to verify to ensure that you can trust the casino and that they are operating legally.
Let’s take a closer look at Bitcoincasino.io:
Bitcoincasino.io is the brand name of the casino site. But it is owned and operated by Dama NV and registered and established under the laws of Curacao. The site displays its registration number, address and license and regulation information so that they are being transparent to players.
As with most things online, players should exercise caution when joining a new site, regardless of the industry. So this is no different for Bitcoin casinos. With a bit of research online, such as customer reviews, and by verifying the legal framework of operator sites, you can have peace of mind knowing that you are playing casino games such as roulette, blackjack and slots in Bitcoin legally and with a reputable provider.
A huge benefit of playing casino games for Bitcoin at compatible casinos is that you can get free Bitcoins to play with bonuses such as deposit 0.1BTC and get 0.1BTC free, worth around €5,000.