Australian Bitcoin Casinos
Bitcoin has become a very popular Cryptocurrency to play in Australia. With the numbers of Bitcoin users rising very quickly, it is certain that this cryptocurrency is here to stay. Playing with BTC has a lot of advantages. You can expect instant payments; no identification documents when withdrawing and deposits are totally anonymous making this practice safe and secure for all parties involved.
Bitcoin Laws and Regulations in Australia
Even though Bitcoin is a decentralized method of payment and not linked to any state or nation, any gambling site still needs to adhere to the regulation of the country they are based in. Currently there is no regulation about BTC in Australia, however, it has been mentioned that this cryptocurrency will soon be regulated under the Anti-Money Laundering Act and in conjunction with the Counter-Terrorism Financing Act.
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Deposit Limits for Australia
Many of the online casinos accept a deposit of $10 or more, in order for you to adhere to the minimum deposit value and the maximum amount of Bitcoin you can purchase will range between $2000 and $10 000. Some casinos have higher limits up to $50 000, you will be offered to use the calculator provided by coinmill.com to determine your exchange rate. Besides Australian dollar, this conversion statistics are available for many other currencies across the world.
Some Australian casinos offer payment methods in other currencies such as Australian dollar, US dollar etc. However, when it comes to BTC, it changes slightly. All payouts are completely anonymous. With Bitcoin, there are two relevant payout options available.
One can be through the BTC channel itself, where you provide your Bitcoin address for payments. The second method is via a third party channel line Cubits and Sparecoins. Cubits Pay will be a wallet linked to the player’s bank account and for Bitcoin payments, all transactions require multi-signature authorization. Cubits cater for 17 different currencies making it ideal as they support instant payments.
Deposits to Bitcoin Casinos
Buying this currency with your debit or credit card online or via third-party companies have become the norm. However, if you make a deposit directly from your wallet the following steps are involved.
- Firstly ensure that you have a Bitcoin wallet created with sufficient funds for your desired transaction.
- Then visit the cashier section of the online casino.
- Select BTC as your preferred method of payment.
- Then select the number of coins you wish to transfer.
- The casino address you need to deposit to will be displayed on the screen. Copy and paste the address into your Bitcoin deposit address section to avoid any disappointment.
- Lastly, you should scan the QR code.
Always ensure all information is correct, as you are not able to reverse any transactions with this cryptocurrency.
Bitcoin Deposit and Special Bonuses
With Bob Casino when signing up you will receive an automatic 10 free spins to get the ball on the roll.
Once a minimum deposit of €20 or any equivalent thereof you will qualify for a deposit bonus as set out below:
- First deposit bonus – 100% bonus up to 500 mBTC including 100 free spins, which are distributed over 4 consecutive days.
- Second deposit bonus – 50% bonus up to 1 BTC.
- Third deposit bonus – 50% bonus up to 1 BTC including 30 free spins to wager on Tipsy Tourist slot.
- Intertops – They offer services such as a sportsbook, online casino, VIP casino known as Casino Red, online poker and Live Betting. Their services are provided in over 180 countries with nothing less than 4000 wagers daily.
- Ragin Bull Casino – They have more than 200 online Casino games powered by RTG available, With a generous welcome bonus, and free spins to start your journey.
- Mega Wins – This online casino offers multiple currencies including BTC. They have very attractive games with a total jackpot of 6000BTC to be won
- Oshi.oi – Oshi.oi casino supports a wide range of currency including Bitcoin for payments. Their welcome bonus is huge with 20 different bonuses to qualify for including reload bonuses.
- Loki – Supports BTC and Fiat currencies. The big welcome bonuses and the huge progressive jackpots make this one of the best sites to visit. They offer a selection of table games, live games, Roulette, BTC games, Slots and many more.
- 1xbit.com – This was one of the first BTC accepted casinos and host 30 software companies.
- Betcoin.ag – This casino has two main providers such as GameArt and Betsoft. They offer three deposit bonuses and 15 progressive jackpot slots to take for a spin.
- mBitcasino – They offer a range of 10 popular software providers. They also provide tutorials to players who are new in the cryptocurrency scene. They have a no hassle sign up with a welcome bonus of 3 deposits including a 20% cashback bonus.
- BetStarz – All exclusive BTC casino offering real value for Bitcoin.
- BitcoinCasino.us – They offer a huge bonus of 100% bonus up to 10 BTC.
- Dash – This is also known as digital cash. The turnaround time for transactions processed is literally a few seconds. You are able to trade BTC for Dash on an appropriate trading site.
- Litecoin – This is the second alternative to BTC. It is known as the lite version, as the Blockchain is less congested and allows for faster payments. Litecoin finalizes transactions around 2 minutes.
Top 10 Bitcoin Casinos for Australian Players
Below you will find the best 10 casinos for Australian players:
Other Cryptocurrencies Available
In Australia, Bitcoin is by far the most popular Cryptocurrency for online casinos, however, there are currently two other alternatives slowly making ground.
There are other currencies legal in Australia; however, these two are the most used Cryptocurrencies in Australia. They are all legal forms of payment.
Bitcoin Casino Games
Below are some of the games you can play for BTC:
- Variety of slots;
- Poker games;
- Other table games such as Baccarat;
Pros of Bitcoin Casinos in Australia
Playing with cryptocurrency has it advantages when it comes to safety. This transaction does not include a third party and is directly between the player and the casino. It also remains anonymous and ensures the player’s details are not linked to any funds transferred.
Q: How to buy BTC?
A: You will need to open a BTC wallet on an exchange site and purchase them there.
Q: How long do BTC deposits and withdrawals take?
A: Deposits are normally instant; withdrawals do take between 2 – 10 hours.
Q: Are BTC casinos regulated?
A: Not all Bitcoin casinos are regulated; however, all of them need to be licensed.
Q: Do BTC casinos offer free Bitcoin?
A: Yes, many offer them as part of deposit bonuses or cash back.
Q: Do you need a credit card or bank account to play online?
Q: Are Bitcoin casinos legal?
Q: Is there a minimum deposit amount for Bitcoin?
A: There are no minimum deposit amounts.
Q: Are Bitcoin casinos secure?
A: Yes, the same security measures are put in place in BTC casinos. Eg SSL
Q: Are there US accepting Bitcoin casinos?
A: Yes there are many online casinos for US citizens.
Q: What is responsible gambling?
A: You need to manage your bankroll and never gamble on money you cannot afford to lose.