Bitcoin casinos have been around for a few years. Hardly anyone believed bitcoin would become “socially acceptable” a decade ago. BTC is increasingly competing with traditional real-money currencies. Learn how to play online casino with cryptocurrency.
The best-known of all cryptocurrencies has become a popular means of payment for gambling site players within a short time.
Playing in different Bitcoin units
When BTC first emerged, there was often talk of so-called satoshi. This unit is the smallest of the digital currencies, although it hardly plays a role today in online gambling sites that allow gambling with Bitcoin. In Satoshi, the units mined were calculated in particular because, as already explained, it is possible to use one’s computing power to “collect” Bitcoin.
On the other hand, more interesting is the classification that casinos give when gambling. Here are the two most important ones:
- mBTC – Translated, this refers to milli-Bitcoin. One mBTC is, therefore, 0.001 BTC.
- µBTC – also called micro Bitcoin. One µBTC is therefore equal to 0.000001 BTC.
The units are used in gambling because far lower stakes than 1 BTC are allowed, especially since the Bitcoin value is currently (as of February 2022) around 31,530 euros. So that Bitcoin casino customers do not first have to count zeros laboriously, the providers use the simple conversion. In addition, mBTC is a famous betting limit in the casino bonus area when applying the max bet rule. (Example: 3 mBTC at mBit Casino, or one mBTC at Bitstarz).
How can you find safe casinos?
As in “normal” gambling, security is only guaranteed in Bitcoin casinos if they are providers with an official gambling licence. In the case of BTC, these are usually operators with a licence from Curacao. Therefore, our ranking list only includes brands that we have thoroughly tested and which meet our strict test criteria.