Bitcoin Casinos Ireland
About Bitcoin Casinos Ireland
Bitcoin is a cryptocurrency, which means it’s a digital, decentralised currency. This means it isn’t tied to any corporation, bank or country, which entices anybody looking to manage and conduct rigorous peer-to-peer transactions.
Like all currencies, it fluctuates in value. As it becomes more admired, more businesses both online and off are welcoming Bitcoin for payments. Casinos are no different.
When it comes to acquiring this digital currency, there are a few options. The easiest method is to purchase and secure coins from online vendors using your chosen currency. Alternatively, you can “mine” Bitcoin by preserving blockchain regularity.
This can be accomplished through verifying transactions and requires a lot of specialised software and computing power. Therefore crypto is not the suggested route for those wanting a few bucks to spend on casino sites.
Best Bitcoin Casinos by Category
To assist you in selecting the most suitable site for your specific needs, we’ve broken our choices down further. Here are the best Bitcoin casinos by category:
The Best Bitcoin Casinos and the Blockchain
Transactions using Bitcoin and all other cryptocurrencies are made viable, practical and feasible thanks to blockchain technology. To put it in the simplest terms, the blockchain is like a vast database that is entirely public and open. This database doesn’t have any essential or central location, meaning that it’s not exposed to hackers. This allows for the secure and established transfer of data or, in the case of cryptocurrencies, money.
Naturally, Bitcoin is an alluring and engaging method of payment for many players who spend a lot of time online. If you’re interested in getting in on the action, it’s not as challenging as you might think. Bitcoin is deposited in digital wallets, and you can find a number of wallets online. Simply sign up, download the software, and then start converting your money into Bitcoin. Once you have some currency accessible in your wallet, you can start playing online!
Guaranteed Security in a Bitcoin Casino
One of the reasons behind Bitcoin’s prompt conquest in recent years is that it – along with other cryptocurrencies – is the most secure and reliable way of making a transaction. It uses the blockchain in order to store and make all transactions, with the payment method quickly spreading into our day-to-day lives.
Cryptocurrencies are proving to be the most developing and errant financial development of our generation, but they are set to make managing your financial life safer and easier than ever before.
Therefore, it is acceptable to say that using Bitcoin as your payment method is an ideally protected and guarded way to make a deposit at an online casino. Indeed, many of the best Bitcoin casinos ardently motivate players to use the currency in order to fight against fraud and other insecure payments.
Legal Bitcoin Casinos: How to Recognise Which Are Legitimate?
When looking for legal and secure Bitcoin casino sites, you should practice the same steps that you would when finding any secure online casino. First things first, always look for genuine certification and accreditation. In the case of Irish players, you’ll be looking for a licence from an esteemed foreign regulator like the United Kingdom Gambling Commission.
Security Details on a Bitcoin casino
Must-Haves of a trusted Bitcoin Casino
Licence from an appropriate administrative body
Links to accountable gaming agencies
Certification from security and encrypted services.
In many ways, playing with Bitcoin rather than conventional currencies can make your gaming experience even more dependable and secure. For starters, you will never have to share your banking information in order to play. Bitcoin gambling is completely incognito, and your details will never be exposed to theft. The only thing to be cautious of is your Bitcoin key. This encryption code gives you access to your eWallet.
If you lose your code, you will not be able to access any of your funds. Make sure you keep your key written somewhere safe and accessible to you. Thanks to these previously mentioned safety measures, playing at sites that accept cryptocurrencies can be every bit as safe as playing at bank transfer casinos or Paysafecard casinos.
Bitcoin Game Fairness & Gambling strategy
When playing games and betting with Bitcoin, as with betting any currency, there are integrity measures you need to be aware of. In the footer of most Bitcoin casino sites, you’ll find information concerning the legitimacy testing of games. Third-party auditors frequently test the games on offer to make sure that the house edge is decent, and that the players are not being abused.
When it comes to Bitcoin strategies and gambling, it’s worth recalling that gambling with this currency has two sides. The most evident and apparent feature of gambling with Bitcoin is the bets you make in-game. The flip side of things is the currency itself. The value of each coin is regularly in flux, and many early subscribers of the currency became millionaires overnight thanks to its increasing value.
If you want to get the most out of playing with this cryptocurrency, be vigilant about the value of the currency. This will help you get the most out of any prospective winnings, or allow you to be more cautious if you want to keep some coin aside for a rainy day.
Bitcoin Deposit: How It Works
- 1. Go to the “Bank” section of NetBet, or hit on the button labelled “Deposit”.
- 2. Select Bitcoin as your payment method and enter the amount you want to deposit in your chosen currency (GBP, USD etc.) Don’t worry, this will automatically be converted into bitcoin.
- 3. Open your Bitcoin wallet or app to receive your Bitcoin key.
- 4. Enter the key into the payment field to authenticate the payment and start playing.
Overview of the Advantages and Disadvantages
One of the biggest advantages of making your casino transactions via Bitcoin is that none of your banking information goes to the casino – providing you with more anonymity for your gaming experience, while further guaranteeing your data is kept safe. Transactions are also very fast and secure when using Bitcoin, so you don’t need to wait around for a bank to approve or even hold up your funds as they’re moving.
On the flip side, the volatility regarding the value of Bitcoin means you should most definitely be careful with regard to depositing large amounts of funds at the casino, as this inconsistency means your funds could be worth completely varying amounts on a week-by-week or even day-by-day basis.
It is worth noting, however, that should your funds be turned into euros at your casino, the usefulness of this will not change while in your casino account, instead, these funds will remain the same as when you deposited, aside from the current value of Bitcoin.
There is no need to perplex things and if you would rather stick to the conventional payment methods, you should know that we have dedicated a page for the best real money casinos in 2022.
Bitcoin Casino Bonus – Which is the Best
If you’re looking for a unique Bitcoin welcome bonus, you’re sadly out of luck. For now, such a thing simply doesn’t exist. However, you will still be able to benefit from the casino bonuses offered by Bitcoin gambling sites. Just be aware that not all casinos will allow you to select a bonus by making a deposit with this payment method.
It’s always important to read the terms and conditions of a welcome bonus before opting in, as many only accept deposits via debit cards or e-Wallets. This is especially something to keep an eye on at sites advertised as PayPal casinos.
Another thing to be aware of online is bonus scams. Never believe any site claiming to offer a 100 Bitcoin welcome bonus. Remember, if it sounds too good to be true – it probably is. If you’re unsure of the validity of an online casino, check its authorisation for a license from the necessary regulatory body and for certifications from third-party testing agencies.
Bitcoin Gambling and Taxes in Ireland
Bitcoin may be different from conventional currencies, but that doesn’t mean that the rules no longer apply. Just like any form of income, you have to be conscious of taxes concerning your winnings. This can be tricky, as the currency doesn’t carry as much confirmation as conventional currencies (which is part of the motive as to why it’s so appealing to criminal enterprises).
Hence, governments are becoming more mindful of cryptocurrencies and how to tax digital wealth. You are only qualified to pay taxes on Bitcoin if you have sold or spent the currency. Taxes are not relevant to those who have bought the currency or simply kept it in a digital wallet. We’d advise speaking to an accountant to thoroughly comprehend how much you owe on your Bitcoin winnings and how to pay.
Like many other forms of online payment, Bitcoin can sometimes obtain fees. However, this changes on a case-by-case basis at each of the best Bitcoin casinos. In reality, many casinos will actually pay the fees themselves, taking this cost away from the customer.
However, you should always be vigilant, as you should with all payment methods – whether you will be charged any transaction fees when you deposit or withdraw at an online casino.
Conclusion: Many Good Bitcoin Casino Sites to Choose From
Using Bitcoin as your payment medium is one of the most stable ways to move funds to and from an online casino. The cryptocurrency is still in its beginning, but you can look forward to more casinos to start accepting it in the coming months and years.
If you’re looking for secure Bitcoin online casinos to use, simply check out our assessment of the best online casinos in Ireland, which we’ve created to confirm you only use the most shielded and secure online casinos around.
What are the best Bitcoin casinos?
While there are not very many Bitcoin casinos on the market, there are certainly some that our experts feel are a cut above the rest. You can take a look at our ranking of the best Bitcoin casinos to explore the top sites.
Is it legal to play with Bitcoins in online casinos?
Bitcoin gambling is completely legal. Though cryptocurrency has regrettably been given a bad rap due to its use by some criminal components. However, the utilisation of the currency and gambling with Bitcoin is absolutely safe and legal. You can learn how to identify legal and safe Bitcoin casinos by reading our legal Bitcoin casino guide.
Is it possible to get Bitcoins for free?
Technically yes, but getting Bitcoin “for free” involves mining, which is only possible with the help of costly hardware. Therefore, it’s much cheaper and easier to just purchase Bitcoin. You can read more about it in our guide to obtaining Bitcoin.
Is playing Bitcoin poker legal in Ireland?
Yes, provided you are playing at a regulated and licensed site that offers Bitcoin as a payment option, playing Bitcoin poker is legal in Ireland. You can learn more about playing poker with this payment method in our overview of Bitcoin poker.