The option to play online blackjack with fiat currencies (e.g. USD, GBP) has existed for many years. You can find numerous gaming sites that accept fiat deposits.
These days, though, you also have the chance to play online blackjack with a different currency—Bitcoin (BTC). The latter is a decentralized digital currency that lets you make quick deposits and withdrawals. What’s better is that you don’t need to go through a third party (e.g. bank or e-wallet) to gamble with BTC.
Of course, if you’ve been playing online blackjack with USD your whole life, then you may feel a lost with Bitcoin blackjack.
The following guide discusses how to obtain BTC, depositing with it, and the currency differences that you’ll experience when playing real money blackjack.
Getting Started With Bitcoin Blackjack
The first step to playing BTC blackjack involves buying Bitcoin. This section is relevant if you’re inexperienced at purchasing cryptocurrencies.
Step 1: Buy Bitcoin
Several prominent exchanges, including Coinbase, Gemini, and Kraken, let you purchase BTC with fiat. In contrast, some exchanges only allow you to trade cryptocurrencies for other crypto.
Assuming you don’t have any Bitcoin already, you’ll need to visit an exchange that allows fiat-for-crypto purchases.
Upon visiting such an exchange, you must register for an account and input your banking information. The latter lets you transfer money from your bank account to the exchange and buy Bitcoin.
It’ll ask you to enter how much money you’d like to spend. The exchange will also show what amount of Bitcoin you’ll receive for the purchase price. After finalizing the purchase, you’ll receive the BTC.
Step 2: Get a Casino Wallet Address
The next step involves visiting the BTC-friendly casino of your choice. Here, you’ll head to the banking section and select the Bitcoin option.
This action generates a wallet address. You need this address to serve as a recipient when placing a Bitcoin casino deposit.
Step 3: Make a Deposit
Once you have a wallet address for the casino, you’ll want to head back to the exchange. Assuming you’ve created a Bitcoin wallet and sent your crypto there, rather than keeping it on an exchange, you’ll need to visit the wallet instead.
Next, you initiate a transaction that goes to the online casino. During this process, you’ll need to enter a recipient address. This is the point when you input the casino’s wallet address.
Finally, you enter how much Bitcoin you’d like to send to the gaming site. Upon confirming the transaction, you simply wait for the BTC to hit your casino account.
Can You Get a Bitcoin Blackjack Bonus?
Some BTC casinos do offer bonuses. Of course, you should check a casino’s promotions section to ensure that bonuses are available.
If so, you’ll need to place a deposit and use the proper bonus code (if necessary). Afterward, you can claim the offer from your account.
Every online casino—no matter if it involves Bitcoin or fiat—requires you to meet terms and conditions before withdrawing bonus funds.
Rollover is one of the most important terms and conditions. This term refers to how much you must wager before cashing out a bonus.
Aside from rollover, other common terms that must be met include not betting over a certain amount and avoiding restricted games. Regarding the latter, blackjack sometimes doesn’t count towards rollover.
Upon satisfying all of the terms and conditions, you can either withdraw the bonus funds or continue playing with them.
Understand the Currency Differences
If you’re used to gambling with dollars, euros, or pounds, then you’ll need to make a transition when wagering with Bitcoin. The following info explains common BTC units used by casinos along with how you can determine bet sizes.
Bitcoin is currently worth over $32,000 at the time of this writing. Very few online gamblers can comfortably wager an entire Bitcoin. Therefore, BTC gaming sites break wagers down into smaller denominations.
Bitcoin features several denominations, with millibitcoin being the closest to a dollar/euro/pound.
Of course, an mBTC is far from perfect for measuring bets. It’s currently worth $32. Again, though, it’s the closest that you’ll get to a single fiat unit.
Converting Dollars to mBTC
You don’t necessarily have to make the mental conversion from fiat to mBTC when placing bets. However, these conversions help when figuring out how much you’re betting in terms of dollars.
If you place a wager worth 0.1 mBTC at the current rate, then you’ll be risking $3. Likewise, a 0.05 mBTC bet would be worth $1.50.
Assuming you’re not sure on the current exchange rate, you can always check Bitcoin’s price and go from here. Online tools also exist that make the mBTC-to-dollar conversions for you.
Differences Between Bitcoin and Standard Online Blackjack
It might seem like there are few differences between standard online blackjack and the Bitcoin variety. As you’ll see below, though, a few notable exceptions do exist.
Bitcoin Blackjack Can Feature Better Rules
Internet blackjack offers superior rules compared to the land-based game. Most online blackjack games feature between a 0.5% and 1% house edge.
But you can sometimes do even better when playing Bitcoin blackjack. Certain BTC casinos offer the best rules possible, which lowers the house advantage to between 0.2% and 0.4%.
Assuming you’re somebody who plays lots of online blackjack, then you’ll definitely benefit from a lower house edge—even if it’s only by a slim margin.
BTC Casinos Don’t Always Offer Bonuses
As seen above, BTC blackjack is a dream from a house advantage perspective. The downside, though, is that it doesn’t offer many (if any) bonuses.
Not all Bitcoin gaming sites feel the need to offer blackjack bonuses. This is especially true if they already feature incredibly player-friendly rules.
When deals do exist at these casinos, they’re not typically very lucrative. But you’ll probably make out better in the long run due to the lower house edges.
No Currency Conversions with Regular Online Blackjack
The average online casino accepts multiple types of fiat currency. For example, a gaming site may take dollars, euros, pounds, Australian dollars, Canadian dollars, krona, and yen.
You don’t have to make any conversions when playing standard online blackjack. Instead, you can place wagers in your native currency. This aspect is preferable if you don’t want to think very hard about how much each bet is worth.
Simpler Deposits With Online Blackjack
If you’ve played online blackjack for any measurable time, then you’re experienced with making deposits via traditional methods.
Funding an account with a credit card, prepaid card, or bank transfer is easy. You don’t need to purchase a digital currency and then make a deposit. Instead, you just use your desired banking option to fund an account with fiat.
Bitcoin deposits aren’t overly difficult once you get the hang of them. Nevertheless, they can be confusing when you’re new to cryptocurrencies.
Verify Bets With the Bitcoin Version
Bitcoin blackjack offers a very unique advantage over the standard online game. When playing at a blockchain-based casino, you can verify the authenticity of bets (a.k.a. provably fair gaming).
The method for verifying wagers is complicated at first glance. However, you can get a quick primer on this concept here.
Regular gambling sites don’t let you check blackjack bets to ensure that they’re fair. Blockchain-based blackjack, on the other hand, does provide this option If you’re willing to put the work in.
Should You Play BTC Blackjack?
Bitcoin blackjack may be quite different than what you’re used to in certain ways. Therefore, you might be hesitant to try the BTC version.
Everything comes down to how you feel about certain aspects. Do you want the best possible chance to win? If so, then you’ll often find the top blackjack rules at Bitcoin casinos.
Are you looking for the simplest way to deposit at the gaming sites? In this case, you want to go with traditional online casinos that take fiat deposits.
I encourage you to study the differences between regular and BTC blackjack to see which version best suits your needs. If you’re on the fence, then you might consider trying the Bitcoin variety at least once to see how you like it.
BTC blackjack provides an alternative way to enjoy online blackjack. It lets you use a decentralized currency to place deposits and make wagers.
Of course, you’ll need to go through an adjustment period when trying this style of gaming. Bitcoin casinos require you to first buy crypto before making a deposit.
Once you have BTC, though, then you’ll experience little trouble funding your account. In the end, you may find Bitcoin blackjack to be more enjoyable than the standard version thanks to its unique advantages.
Michael Stevens has been researching and writing topics involving the gambling industry for well over a decade now and is considered an expert on all things casino and sports betting. Michael has been writing for GamblingSites.org since early 2016. …