Bitcoin Casinos For Australians

Many reputable online casinos allow Australian punters to deposit, wager, and withdraw in bitcoins. Some of these are bitcoin-only online casinos while others also support traditional currencies and/or other cryptocurrencies such as Dogecoin, Litecoin, and Bitcoin Cash, among others. We show you which are the best Bitcoin casinos, how to get Bitcoin, and discuss how Bitcoin casino transactions work.

Bitcoin is a safe, secure, fast to use, and an anonymous way of loading online casino accounts and withdrawing winnings. This page is a comprehensive guide to playing at bitcoin casinos and introduces Australian players to the best bitcoin casinos.

Best Bitcoin Casino Reviews for Australians

Compared to online casinos that support fiat currencies, bitcoin casinos are fewer in number. We have done all the research and identified the following best bitcoin casinos for your benefit. You can read our honest, exhaustive, and unbiased reviews of the top Australian bitcoin casinos, make a comparative study of the bitcoin casinos we recommend, and choose one of them to sign up at.

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    Bitcoin is widely recommended as an anonymous payment method. You don’t have to reveal any of your banking details to the online casino if you choose to use Bitcoin as it works somewhat like PayPal or Neteller. However, all the online casinos we recommend require your personal information.

    Yes, you can as it is based on three trustworthy principles-open source code, peer-to-peer technology, and decentralization. Bitcoin is based on encryption, numbers, and mathematical algorithms that can never go wrong.

    Bitcoin is legal to use in most countries, but a few have banned it. Regulations related to bitcoin vary from one jurisdiction to another and we suggest that you research the laws of your country before beginning to use Bitcoin.

    What is Bitcoin?

    In brief, Bitcoin is a payment method that operates round the clock without any down time and is least concerned with the identity of its users. This makes it an ideal online casino payment method for players who want a fast, secure, and anonymous way to load their gaming accounts and withdraw winnings.

    Bitcoin Gambling In Australia

    Many Australian gamblers have realized the huge benefits of signing up at bitcoin online casinos. While some Australians already know the ins and outs of Bitcoin gambling, many have not even heard of using bitcoins to play online casino games.

    Australian players have to first purchase bitcoins and store them in a bitcoin wallet to use them at online casinos. The easiest way to purchase bitcoins is to get on online platforms that connect bitcoin buyers with bitcoin sellers. These online platforms are the answers to the prayers of those do not know anybody willing to sell their bitcoins.

    The easiest way to get hold of bitcoins is to sign up at cryptocurrency exchanges such as CoinJar, CoinBase, CoinMama and Independent Reserve.

    Another option is to buy from Bitcoin ATM’s. You can use an app called “FindBitcoinATM”, meant exclusively for Australia, which helps residents find a Bitcoin ATM closest to home. Bitcoin ATMs, though a convenient way to exchange AUDs for bitcoins, are expensive as they charge anywhere in the range of 5% to 10% per transaction.

    Yet another way is to purchase from other people using a peer to peer exchange loike Localbitcoin. Be aware that you are buying from strangers, so you are well advised to follow the safety gridlines recommended by Localbitcoin.

    Once they have obtained bitcoins, Australian gamblers are ready to start playing at their favorite bitcoin online casinos.

    How to Gamble At Online Casinos with Bitcoin

    The following is a step-by-step guide to start playing at online casinos with bitcoin. If you have never done it before, you will be pleasantly surprised at how easy it is.

    1.

    Obtain Bitcoins - You have to first convert your AUDs into bitcoins and store it in a bitcoin wallet. Bitcoin wallets are similar to online payment processing services such as Neteller and PayPal. They can be used to instantly make payments and receive money without having to reveal one’s bank account details or credit card details or contact details such as address or phone number.

    Some of the most popular bitcoin wallets are Bitcoin Core, Jaxx, Xapo and Electrum. Players can choose from three different types of bitcoin wallets-online, software, and hardware. Each type has its own advantages and disadvantages, and we advise players to make a careful study of different types of bitcoin wallets before selecting one for personal user.

    2.

    Register at a Bitcoin Online Casino - As previously mentioned, we have recommended quite a few on this website. You only have to read the reviews, compare various bitcoin online casinos, and sign up at one that suits you best.

    There are bitcoin online casinos that do not require players to reveal personal details such as credit card details, phone number, or physical address. Usually, players can get started with just a user name and password. Some bitcoin online casinos support only bitcoin while others support Bitcoin Cash, Litecoin, Dogecoin, Dash, and other cryptocurrencies. Many online casinos support Bitcoin along with traditional payment methods such as credit/debit cards, electronic wallets, Bank Transfer, and Wire Transfer.

    3.

    Start Playing with Bitcoins - Once registered, you have to visit your casino cashier and select Bitcoin as your preferred payment method. The online casino will provide an address to which you have send bitcoins to make a deposit. Once the transaction has been confirmed on the bitcoin blockchain, which takes around an hour, the funds will reflect in your account. When you want to withdraw your winnings, you can again select Bitcoin as your preferred withdrawal method and the online casino will credit your winnings in bitcoins to your bitcoin wallet.

    The Benefits of Using Bitcoin at Online Casinos

    The benefits of playing with bitcoins at online casinos are many, which is why bitcoin online casinos are fast gaining popularity.

    • Deposits and withdrawals are instantly credited.
    • Players from any part of the world can use Bitcoin.
    • Bitcoin serves as both a deposit and a withdrawal method at online casinos.
    • Australian players don’t have to reveal personal and financial details to use Bitcoin at most bitcoin-only online casinos.
    • Australian players don’t have to submit copies of personal documents such as photo IDs, credit cards, and utility bills before their withdrawals can be processed.
    • Bitcoin is convenient, safe, instant, anonymous, and secure.
    • Since it does not come under the control of any bank or government, it can be easily used by players residing in grey jurisdictions.
    • Bitcoin online casinos offer provably fair games, generous bitcoin bonuses, jackpots in bitcoins, special bitcoin promotions, and amazing rewards for loyalty.
    • Bitcoin online casinos work well with Android, Blackberry, and iOS smartphones and tablets.

    What are provably fair casino games?

    Gamblers are always afraid of getting cheated by their online casino. This is because online casinos are always at an advantage and it is very easy for them to manipulate game results in their favor. But bitcoin online casinos offer provably fair games, which make cheating impossible.

    There are several ways to implement the provably fair system, but the most common one is to calculate game results using the serverseed, which the online casino provides; the clientseed, which the browser provides and the player adjusts; and the nonce, which is a number that increases with every bet placed.

    1. Before you start betting, you will receive the serverseed's encrypted hash, making it impossible for the online casino to make any later changes to it. But players cannot use it to calculate the results of the game as it is encrypted.
    2. Next, the browser will generate a clientseed at random, which players can adjust before placing their bet. This way, the online casino has no way of knowing the clientseed.
    3. When you finally place your bet, the nonce will start with a zero or a one, depending on the bitcoin online casino. Then the nonce increases by one with every bet placed.
    4. To view the unhashed serverseed you received, you have to generate a new one. You can use online tools to determine if it is really the serverseed that you received. You can then generate the result of each game and compare them with the results obtained at the bitcoin online casino.
    5. In case manual verification is difficult, you can use provably fair verifiers that are available online.

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