Best Bitcoin Casinos

Bitcoin Casinos are the iGaming revolution that shows no sign of abating soon. As followers of all things cutting-edge, our gambling experts have looked agog at this virtual payment option that has made confidential gambling possible in more countries than ever. Making it high time that we evaluate the pros and cons of Bitcoin and point you in the direction of the market’s most scintillating sites that support crypto of all colours.

  • Deposit NZ$20+, Get up to NZ$2,000 or 5BTC + 180 Free Spins
    BitStarz Casino Review
    • Bitcoin Games
    • Speedy pay-outs
    • Excellent ongoing rewards
    18+ Play responsibly. Terms and Conditions Apply.

    BitStarz Casino Welcome Bonus – 100% Bonus up to NZ$2000 or 5 BTC + 180 Free Spins

    BitStarz opening gambit to attract new players is a very attractive NZ$2000 or 5 BTC plus 180 free spins. Nice! This opening offer is split across the first four deposits. Here’s how it works:
    • First Deposit = 100% matched up to NZ$400 or 1 BTC plus 180 Free Spins
    • Second Deposit = 50% matched up to NZ$400 or 1 BTC
    • Third Deposit = 50% matched up to NZ$800 or 2 BTC
    • Fourth Deposit = 100% matched up to NZ400 or 1 BTC
    Twenty free spins will be credited immediately on your first deposit. After that, you will receive them at a rate of 20 per day. You will also need to deposit a minimum of NZ$20 to receive the free spins and matched deposit. We’ve highlighted the main terms and conditions for this opening below, but the main one is the wagering requirement or play-through. You’ll need to wager your bonus 40x before you can withdraw any winnings. Any wins from free spins will also need to be wagered 40x. In other words, if you deposit NZ$100 and receive a bonus of NZ$100, you will need to play through NZ$4000 before cashing in.

    Terms and Conditions

    • 40x wagering free spin wins
    • 40x wagering bonus amount
    • Not all games contribute 100% to wagering requirements
    • Free spins are on select slots only
    +
  • Deposit NZ$30+, Get A Matched Deposit Bonus of up to NZ$6,825 + 1,800 Free Spins over 4 Deposits
    Winawin Casino Review
    • Huge Welcome Bonus
    • Banking includes Cryptocurrencies
    • Big on Ongoing Bonuses
    18+ Play responsibly. Terms and Conditions Apply.

    Winawin Welcome Bonus – A Matched Deposit Bonus of up to NZ$6,825 PLUS 1,800 Free Spins

    Winawin says a big ‘hello’ to new players with a thunderous opening offer. New players can claim a matched deposit offer of up to NZ$6,825 PLUS 1,800 Free Spins. This offer is insane! Rarely do we come across opening offers this big when reviewing online casinos. The opening offer is split across your first four deposits. Here’s how it works:
    • First deposit – 100% matched up to NZ$750 plus 100 free spins. Bonus code WIN100.
    • Second deposit – 50% matched up to NZ$1500 plus 50 free spins.Bonus code WIN50.
    • Third deposit – 75% up to NZ$1,125 plus 50 free spins. Bonus code WIN75.
    • Fourth deposit – 25% up to NZ$$3,000 plus 100 free spins. Bonus code WIN25.
    You will then also receive 50 free spins per day or the next 30 days using the bonus code DAILYFS. Clearly, if you want to max out this offer, then you’ll need to put a lot more money in by the fourth deposit. However, just because the upper limit is so high doesn’t mean you need to burst the bank. The minimum deposit for each of the four deposits is set at just NZ$30. This offer comes with a wagering requirement for the bonus amount and any winnings free spins of 50x.

    Terms and Conditions

    • New players only
    • 18+ years old
    • 50x wagering each bonus
    • 50x wagering winnings on free spins
    • You will need to use the bonus code to redeem
    • Free spins expiry is three days
    • Free spins only available on Elvis Frog in Vegas
    +
  • Deposit NZ$20+, Get 100% Matched Bonus up to NZ$1,750 + 50 Free Spins
    Zip Casino Review
    • Great bonuses
    • Brilliant gameplay
    • Sportsbook and Casino
    New players only , Minimum deposit NZ$35, X35 wagering both bonus and deposit amount, X40 wagering on free spin wins,Max bet NZ$9

    Welcome Bonus - 100% Matched Deposit Bonus up to NZ$1,750 Plus 50 Free Spins

    Nothing gets our hearts pumping faster here at Casinos.win than a big matched deposit offer with free spins. Join this casino today and enjoy a 100% bonus up to NZ$1,750, as well as 50 free spins. Alternatively, if you're a sports fan, you can choose a 30% cashback bonus instead. Here's how the casino welcome bonus works. Deposit anywhere between NZ$20 and NZ$1,750, and Zip Casino will 100% match it. You will, however, need to wager/play-through both your deposit and bonus amount x35 before converting any wins into withdrawable cash. Free spins must be played on Bonanza Billions, and any wins from free spins will need to be wagered x40 before you can turn a profit. This is a hearty welcome offer worthy of consideration.

    Terms & Conditions

    • New players only
    • Minimum deposit NZ$20
    • X35 wagering both bonus and deposit amount
    • X40 wagering on free spin wins
    • Max bet NZ$9
    +
  • Deposit NZ30+, Get 100% up to NZ$10,000 + 100 Free Spins on your First Deposit
    Zotabet Review
    • Fast payouts
    • Cashback galore
    • Great games
    New players only  One account per household/IP address Bonus wagering x40 Free spin wagering x40 Max bet when wagering NZ$8 Winnings capped at NZ$15,000 Not all games contribute the same to wagering - check before you play

    Welcome Bonus - 100% Bonus up to NZ$10,000 Plus 100 Free Spins

    There are only two words to describe ZotaBet's opening offer - ABSOLUTELY MASSIVE! Their bid to attract new customers sees them offering a phenomenal matched deposit bonus of NZ$10,000 plus 100 free spins. You'd be hard-pushed to find a bigger opening offer anywhere else. So, how does it work? You simply have to deposit anywhere between NZ$30 and NZ$10,000, and they will match it. Of course, there are some terms and conditions you will need to abide by. The main one is that the bonus awarded (and any wins from free spins) will need to be wagered x40 before you can withdraw any winnings. This is bang on average in terms of wagering, so spin away! This is one heck of an opening offer.

    Terms & Conditions

    • New players only
    • One account per household/IP address
    • Bonus wagering x40
    • Free spin wagering x40
    • Max bet when wagering NZ$8
    • Winnings capped at NZ$15,000
    • Not all games contribute the same to wagering - check before you play
    +
  • Deposit NZ$2+, Get 100% Matched Deposit up to NZ$500
    22 Bet Casino Review
    • A Sportsbook and Casino lovers' paradise
    • Thousands upon thousands of games and events
    • Fabulous ongoing offers
    18+ Play responsibly. Terms and Conditions Apply.

    22 Bet Welcome Bonus – 100% Matched Deposit up to NZ$500

    Because this casino is both a sportsbook and casino, it has two opening offers. For the purpose of this review, we will be focusing on the casino welcome bonus. However, sports fans may want to check out the matched deposit offer of 100% up to NZ$230 because you will only be able to choose the casino or sports offer when joining. For casino fans, the joining offer is a 100% matched deposit offer of up to NZ$500. Simply sign up and deposit a minimum of NZ$2 or a max of NZ$500 and get the deposit matched 100%. It is that simple! Of course, like most opening offers, you will need to wager the bonus amount before you can withdraw. In this case, you will need to wager the bonus amount 50x. That’s a little higher than the average for a casino opening offer but it still represents a good deal. Sadly, all crypto accounts are disabled when it comes to bonuses at this casino. There are also some other terms and conditions you’ll need to know about. We’ve highlighted the main ones below.

    Terms and Conditions

    • The max bonus is NZ$500
    • Minimum deposit is NZ$2
    • Bonuses must be wagered within seven days
    • 50x wagering/play-through requirement
    • Certain games are excluded from wagering requirements – check the list in the terms and conditions before playing
    +
  • Deposit NZ$10+, Get up to NZ$2,500 + 250 Free Spins over 4 Deposits
    King Billy Casino Review
    • Massive Welcome Offer
    • Good wagering requirements
    • Huge range of games
    New players only 30x bonus wagering requirement Free spins are awarded in batches of 50 every 24 hours Free spins must be played within 24 hours Max bet NZ$15. 18+ Play responsibly. Terms and Conditions Apply.

    King Billy Welcome Bonus – Up to NZ$2500 Matched Bonus

    Plus 250 Free Spins

    This casino offers a King’s Ransom when it comes to its opening offer with a NZD$2500 matched deposit bonus and 250 free spins! That’s a huge ‘hello’ to new players. Here’s how it works:
    • 1st deposit = 100% up to NZD$500 + 100 Free Spins
    • 2nd deposit = 50% up to NZD$500 + 50 Free Spins
    • 3rd deposit = 25% up to NZD$1000
    • 4th deposit – 75% up to NZD$500 + 100 Free Spins
    Clearly, after the initial deposit, you’ll need to deposit more to try and max out the value in this offer, but it’s an eye-catching amount to attract new players. The great news is that this offer comes with a below-average wagering or play-through requirement of 30x. Plus, you won’t break the bank by joining because you can avail yourself of this offer for as little as NZ$10. Free spins must be played on Book of King Billy by BGaming. Crypto lovers can choose an alternative opening offer of 100% up to 1 BTC + 250 free spins. The minimum deposit for this is 0,0005 BTC and again it comes with a 30x wagering requirement. We always recommend you read the terms and conditions yourself before accepting any bonus or welcome offer. However, we’ve listed the main ones below for you.

    Terms and Conditions

    • New players only
    • 30x bonus wagering requirement
    • Free spins are awarded in batches of 50 every 24 hours
    • Free spins must be played within 24 hours
    • Max bet NZ$15
    +
  • Deposit NZ$30+, Get 300% up to NZ$1,000 over 4 Deposits
    Wild Tornado Casino Review
    • Express pay-outs within one hour
    • High-class games library from top providers
    • Compatible with mobile and PC
    18+ Play responsibly. Terms and conditions apply.
  • Deposit NZ$10+, Get 100% up to NZ$300 plus 100 Free Spins on Book of Dead
    Bonus code: NZ300
    Arcane Bet Casino Review
    • Huge range of pokies
    • Low wagering on opening offer
    • Good loyalty scheme
    18+ Play responsibly. Terms and Conditions Apply.

    Arcane Bet Welcome Bonus – 100% Matched Deposit Bonus up to NZ$300 plus 120 Free Spins

    New players signing up for Arcane Bet are welcomed with a 100% bonus of up to NZ$300 plus 120 free spins on Book of Dead. Very nice! It’s super simple to claim. You just need to register your details for your first 20 no-deposit free spins. On your first deposit of NZ$20 or more, use the bonus code “NZ300” to claim the matched-deposit bonus offer. This isn’t the biggest opening offer out there, but it is decent and comes with lower-than-average wagering requirements of just 17.5x the bonus and deposit. What makes this offer stand out is that it is super simple. There’s nothing complicated about it at all. In fact, there are only a couple of terms and conditions you will need to abide by, which we’ve outlined below.

    Terms and Conditions

    • New players only
    • 30-day expiry
    • Spins on Book of Dead
    • 17.5x wagering requirement, bonus plus deposit
    • Minimum deposit NZ$20
    +
  • Deposit NZ$30+, Get up to NZ$4,000 + 300 Free Spins
    Cobra Casino Review
    • Big Welcome Offer
    • Quality Games
    • Generous VIP Rewards
    18+ Play responsibly. Terms and Conditions Apply.

    Cobra Casino Welcome Bonus – Matched Deposit of up to NZ$4000 Plus 300 Free Spins

    Cobra Casino’s Welcome Offer is quite simply jaw-dropping. Set over the first three deposits, it rewards new customers with a mix of matched deposits up to NZ$4,000 plus hundreds of free spins. This bonus split over the first three deposits is also available for those wishing to deposit using cryptocurrencies. Here’s how it works:
    • Your first deposit is matched 100% up to NZ$1,000 plus 250 free spins
    • The second deposit is matched 50% up to NZ$1,400 plus 50 free spins
    • The third and final deposit is matched 125% up to NZ$600
    If you’re playing with crypto cash, it’s a similar setup:
    • First crypto deposit matched 100% up to 1.5 BTC
    • Your second crypto deposit is matched 50% up to 2.5 BTC plus 50 free spins
    • Your third crypto deposit is matched 125% up to 1 BTC
    And that’s not all! If you’re a sportsbook fan, you could choose an opening offer of 100% up to NZ$150 in free bets plus 50 free spins. As always with opening offers, there are a few terms and conditions that you will need to abide by to avoid disappointment when trying to withdraw.

    Terms and Conditions

    • New players only
    • The minimum deposit is NZ$30
    • Free spins must be played on Aloha King Elvis, Book of cats.
    • Free spins are split over the first two days
    • 40x bonus wagering requirement for bonus deposit (50x for the BTC deposit bonus)
    +
  • Deposit NZ$20+, Get 100% Matched Bonus up to NZ$1,750 + 50 Free Spins
    CashWin Casino Review
    • Bountiful bonuses
    • Thousands of games
    • Sportsbook and Casino
    New players only, Minimum deposit NZ$35, X35 wagering both bonus and deposit amount, X40 wagering on free spin wins, Max bet NZ$9

    Welcome Bonus - 100% Bonus up to NZ$1,750 Plus 50 Free Spins

    What an opening offer! CashWin Casino offers new players a phenomenal 100% matched deposit bonus up to NZ$1,750, as well as 50 free spins. And because this casino also has a sportsbook, fans of the footy can choose a 30% cashback bonus up to NZ$500 instead. Here's how the casino welcome bonus works. All you have to do is deposit between NZ$20 and NZ$1,750, and CashWin will 100% match it. There are a couple of key terms and conditions you need to be aware of. Mainly, you will need to wager/play through both your deposit and bonus amount x35 before converting any wins into withdrawable cash. Free spins must be played on Bonanza Billions, and any wins from free spins will need to be wagered x40 before you can turn a profit. This is a mighty eye-catching opening offer, sure to appeal to players in New Zealand.

    Terms & Conditions

    • New players only
    • Minimum deposit NZ$20
    • X35 wagering both bonus and deposit amount
    • X40 wagering on free spin wins
    • Max bet NZ$9
    +
  • Rakeback up to 15%
    0x Bet Review
    • Crypto friendly casino
    • Huge game range
    • Big on bonuses
    18+ Play responsibly. Terms and conditions apply.

    Welcome Bonus - Rakeback up to 15%

    This casino doesn't have what you might call a 'traditional' welcome bonus. Instead, 0x Bet sells how it is different to other casinos in a rather unique way. It promotes the fact that Know Your Customer information isn't necessary for crypto players. It also highlights its super quick withdrawals as well as "the most exclusive VIP programme ever". The closest to a bonus incentive for sign-up at 0x Bet comes in the form of a 15% Rakeback. Modern rakeback has its roots in early poker play, where a casino would offer a percentage of the entry fee back to players to encourage them to continue playing. At this casino rakeback covers all the games, not just poker. For example, If you place a NZ$20 bet on a slot and have a VIP level of 4, which has a 20% rakeback, then you multiply this by the house edge (10% for example) and the resulting amount is the rakeback amount you get i.e stake NZ$20 x20% x 10% = NZ$0.40 Best of all that's cash with no wagering attached.
    +
  • Deposit NZ$30+, Get up to NZ$4,000 + 300 Free Spins over 4 Deposits
    Just Casino Review
    • More than 3,500 games
    • Brilliant bonuses
    • Superb studios
    New players only, One account per household/IP address, Bonus active for seven days, X40 wagering bonus and free spin wins, Bonus wins capped at NZ$5,000, Wins from free spins capped at NZ$300, Max bet while wagering is NZ$8

    Welcome Bonus - Matched Deposit Bonus up to NZ$4,000 Plus 300 Free Spins

    HUGE! That’s the only way to describe Just Casino’s opening offer to attract new players. It’s an eye-catching matched deposit offer, up to NZ$4,000, with a thrilling 300 free spins up for grabs. This welcome offer plays out across your first four deposits; here’s how it works:
    • First Deposit - 100% matched deposit up to NZ$500 plus 100 free spins - no bonus code)
    • Second Deposit - 100% matched deposit up to NZ$500 plus 50 free spins - use bonus code JUST2
    • Third Deposit - 50% matched deposit up to NZ$1,000 plus 50 free spins - use bonus code JUST3
    • Fourth Deposit - 25% matched deposit up to NZ$2,000 plus 100 free spins - use bonus code JUST4
    Clearly, you’ll need to deposit a lot more by deposits three and four to max out this offer, but you can redeem this bonus for as little as NZ$30 per deposit. To convert this offer into cash, you will need to wager/play through the bonus and any wins from free spins 40x. This is bang on average for the casino sign-up world and, given the huge matched deposits on offer, very worthy of consideration.

    Terms & Conditions

    • New players only
    • One account per household/IP address
    • Bonus active for seven days
    • X40 wagering bonus and free spin wins
    • Bonus wins capped at NZ$5,000
    • Wins from free spins capped at NZ$300
    • Max bet while wagering is NZ$8
    • Not all games contribute to wagering requirements - check before you play
    +
  • Deposit NZ$40+, Get 325% up to NZ$6,000 + 200 Free Spins
    Katsu Bet Casino Review
    • Massive content library
    • Impressive Rewards
    • Instant Pay-outs
    18+ Play responsibly. Terms and Conditions Apply.

    Katsubet Welcome Bonus - Up to NZ$6,000 Plus 200 Free Spins

    As far as welcome packs go, this one is pretty full! John Katsu Bet today and enjoy a brilliant matched-deposit bonus of up to NZ$6,000 plus 200 free spins. This opening offer to attract new players offers a massive 325% matched bonus based on your first four deposits. Here's how it works:
    • Deposit 1 - 100% matched deposit up to NZ$400 or 1.5 BTC
    • Deposit 2 - 75% matched deposit up to NZ$600 or 1.25BTC
    • Deposit 3 - 50% matched deposit up to NZ$1,000 or 1.25BTC
    • Deposit 4 - 100% matched deposit up to NZ$4,000 or 1 BTC
    The minimum amount you'll need to redeem each of these deposit offers is NZ$40 or 0.00072 BTC. Free spins are awarded on the Hawian-themed slot Aloha King Elvis. Bonuses and free spin wins must be wagered x35 before you can withdraw any winnings. The max win available from free spins is NZ$200 or 0.0036 BTC.

    Terms & Conditions

    • New players only
    • Minimum deposit NZ$40
    • X35 wagering
    • 14-day expiry
    • Different games contribute different percentages to wagering - check before you spin
    +
  • Deposit NZ$20+, Get 325% up to NZ$7,000 (5 BTC) + 250 Free Spins
    7 Bit Casino Review
    • Over 7000 games
    • Bitcoin, Litecoin & Ethereum
    • Multi-level Rewards
    18+ Play responsibly. Terms and Conditions Apply.

    7 Bit Welcome Bonus - Deposit NZ$20+, Get 325% up to NZ$7,000 (5 BTC) + 250 Free Spins

    This huge welcome package is designed to make 7 Bit Casino stand out from the crowd, and it certainly does just that. Join 7 Bit Casino today and reap the rewards of a bonus of up to NZ$7,000 plus 250 free spins. Very nice! The total bonus amount is split across the first four deposits. Here’s how it works:
    • First Deposit - 100% bonus up to $400 or 1.5 BTC + 100 Free Spins
    • Second Deposit: 75% bonus up to $600 or 1.25 BTC + 100 Free Spins. Use bonus code: 2dep
    • Third Deposit: 50% bonus up to $2500 or 1.25 BTC. Use bonus code: 3dep
    • Fourth Deposit: 100% bonus up to $3500 or 1 BTC + 50 Free Spins. Use bonus code: 4dep
    You will need to deposit a minimum of NZ$20 for each of the four deposits to redeem this offer. Your cash bonuses have a wagering requirement of x40, and any wins from free spins need to be wagered x35 before you can turn a profit. Free spin wins are capped at NZ$100, but there is no upper limit for cash bonus wins. This is a jaw-dropping opening offer with average wagering requirements. Go for it!

    Terms & Conditions

    • New players only
    • Minimum deposit NZ$20
    • Three-day expiry
    • X40 wagering cash bonus
    • X35 wagering free spin wins
    • Free spin wins capped at NZ$100
    +
  • Deposit NZ$20+, Get up to NZ$650 + 120 Free Spins
    PlaYouWin Casino Review
    • Great Virtual Sports
    • More than 9,000 games
    • Big on bonuses
    "New players only, No wagering free spin wins, Maximum betting limit of €4 (or equivalent in other currencies), Winnings capped at x15 the deposited amount for the first deposit bonus and x30 the deposited amount for the second and third deposit bonus. , X35 wagering requirement deposit and bonus first deposit , X30 wagering requirement for the deposit and bonus second and third deposit "

    Welcome Bonus - Bonus up to NZ$650 Plus 120 Free Spins

    This crypto-friendly casino offers new players a fantastic limited first deposit offer of a 200% bonus up to NZ$650 plus 120 free spins. To redeem it you just need to sign up and head to the cashier section to claim each of your welcome bonus over the course of your first three deposits. Here’s how it works:
    • First deposit -  100% bonus up to NZ$250 + 40 Free Spins on Starburst Xxxtreme. Minimum deposit is NZ$20
    • Second Deposit -  A second deposit rewards you with a 50% bonus up to NZ$150 + 40 Free Spins on Starburst Xxxtreme. Minimum deposit of NZ$30.
    • Third Deposit - 50% bonus up to NZ$250 + 40 Free Spins on Starburst Xxxtreme.The minimum deposit is NZ$30.
    Before each deposit, players will need to go into the cashier section and select the offer. You will need to wager/play through the first deposit and the bonus amount x35 before you can withdraw any winnings. The second and third deposits require x30 wagering. Winnings are capped at x15 for your first deposit amount and x30 for your second and third deposit amount. Free spins require no wagering.

    Terms & Conditions

    • New players only
    • No wagering free spin wins
    • Maximum betting limit of €4 (or equivalent in other currencies)
    • Winnings capped at x15 the deposited amount for the first deposit bonus and x30 the deposited amount for the second and third deposit bonus.
    • X35 wagering requirement deposit and bonus first deposit
    • X30 wagering requirement for the deposit and bonus second and third deposit
    +

Author:

Chris Evans

Last Updated:

15/12/2023

Table of Contents

The Popularity of Bitcoin Casinos

Bitcoin is interchangeable with cryptocurrencies to describe virtual payments that can be mined, stored, and spent at arm’s length from the traditional banking sector. But how did this weirdest of all payment options come into existence? 

Well, Bitcoin uses cryptography technologies to create and store economic value. As Bitcoin holdings are kept away from regular banks, the trade in these assets leaves little or no electronic imprint. So, as long as a transaction is documented on the blockchain, new owners can utilise their newfound wealth with little oversight. 

Even the “mining” operation is abstract. To get your hands on Bitcoin, you must own a computer system with enough processing capacity to solve the most complex of mathematical equations, a state many miners have pursued since the creation of the first coin in January 2009. 

If the idea of Bitcoin is completely wacky, the values that lie behind its founding have historical influences. The human race has often turned to rebellion when a section of society has felt that their freedoms are being threatened, and Bitcoin is just a by-product of this movement. 

Bitcoin owners, not the world’s governments or bankers, are the custodians of crypto coins. Giving crypto users a level of economic autonomy that has rarely been seen since the invention of the banking system around 2000 BC.

Although mining Bitcoin is technically possible, you are likelier to attain your crypto via a specialist trading platform. By funding your wallet with any major currency, you can quickly build up a pot of Bitcoin, Ethereum, Ripple, or Litecoin, among many others. 

The acceptance of Bitcoin at casinos throughout the iGaming world is still patchy and reflects local legislation concerning the crypto payments sector. 

You will not currently find Bitcoin Casino examples in highly regulated markets like the U.K., where the UKGC has issued guidance against crypto-asset operations, making trade in these countries less attractive to the operators of Bitcoin Casinos. However, thousands of examples have now flooded the markets in the unregulated sector. 

The Pros and Cons of Bitcoin Casinos

There are several reasons why you would wish to pay for slots, roulette, and baccarat content by Bitcoin, but also a few pointers as to why more traditional payment options might be personally favourable. 

Looking at the positives first, it is easy to understand why many casino fans view Bitcoin Casinos so favourably.

  • Transparency – there has never been a payment system that works quite like crypto, and Bitcoin is the go-to currency for fans of online slots and table games who prefer to bypass the traditional banking sector. Blockchain technology keeps account of your holding so that you know exactly how much you can wager when you play your favourite games. 
  • Privacy – there are many reasons why casino fans might wish to keep information about their gambling exploits obscured from their bank. If you ever need to apply for a personal loan or you want to take out a mortgage for a house purchase,  your financial ins and outs are scrutinised. Your chances of being offered credit can be negatively impacted if multiple gambling transactions are flagged. And, of course, cultural sensitivities often mean that gamblers can be viewed in an unflattering light, making privacy an important aspect of any casino deposit that you make. Therefore, an anonymous funding option is vital for some roulette and blackjack fans so that these individuals are not discriminated against for indulging in their hobbies, and Bitcoin is a great alternative. 
  • Universal – because Bitcoin is traded outside the usual financial channels, you can buy and sell Bitcoin wherever you are. There are only a few truly universal payment options, including Visa and MasterCard, but Bitcoin rivals these iconic industry names. 
  • Low Cost – if you are intent on mining a Bitcoin, you will incur some costs, with electricity and computing power having a price tag. However, associated fees remain minimal if you are happy to buy and sell crypto coins through mainstream trading sites. Keeping deposit fees low is necessary when considering the natural profitability advantages that your Bitcoin Casino builds into its products. 

Given the complexity of Bitcoin, it stands to reason that there are some important downsides to consider before making a concrete decision to make Bitcoin Casinos your number one.

  • Volatility – the independence of Bitcoin from the international financial markets has several benefits, but it also allows the currency’s value to fluctuate wildly. One of the reasons that fiat currencies tend to trade within narrow parameters is that central banks can buy and sell quantities of cash to manipulate the price that consumers will pay artificially. However,  we have already pointed out that Bitcoin is entirely independent of normal banking processes, so no central bank can buy Bitcoin when prices drop or sell Bitcoin when values rise.  This volatility can be a problem for casino aficionados, who could find the value of their investments reduced dramatically if an economic shock hits the crypto industry at an inopportune point.
  • Weak Protections – if you make a mistake by spending your money on a fraudulent site when you use your credit or your debit card, there is an excellent chance that you will see this money returned. Unfortunately, this is unlikely to happen if you fund your online spending with Bitcoin. Once again, this scenario turns one of the strengths of Bitcoin Casinos into one of its weaknesses. You can keep your financial transactions anonymous by funding them with Bitcoin. But anonymity also removes usual safety nets. With these restrictions in mind, you need to be 100% confident that your Bitcoin Casino is a bonafide operator before sanctioning any form of deposit. 
  • Irreversible – whenever you use Bitcoin to make a virtual payment, you need to be sure that your asset is going where you want it to. There is no way to reverse a crypto payment once you have set one in motion, so if you have inserted a typo or a wrong digit in your instructions, there is a risk that your Bitcoin could end up in unsuspecting hands while you will have little or nothing to show for this. 
LikePros
  • Check Transparent
  • Check Private
  • Check Universal
UnlikeCons
  • Cross Volatile
  • Cross Weakly Protected
  • Cross Irreversible

Bitcoin Payment Method Comparison Table

Payment MethodMin Deposit (NZD)Max Deposit (NZD)Deposit Fees (NZD)Withdrawal Fees (NZD)Deposit Speed 
Bitcoin0.0001 BCH0.5 BCHFreeFreeInstant
Entropay510000FreeFreeInstant
Google Pay55000FreeN/AInstant
Bank Transfer10 100000FreeFree1 – 5 Days
Boku110FreeNA
EcoPayz550000FreeFreeInstant
Ethereum0.01 ETH0.5 ETHFreeFreeInstant
Litecoin 0.01 LTC0.5 LTCFreeFreeInstant
MasterCard (Debit & Credit)550000FreeFreeInstant
Much Better55000FreeFreeInstant
Neosurf55000FreeFreeInstant
Neteller55000FreeFreeInstant
Paysafe5000FreeNA
POLI55000FreeFreeInstant
Ripple5 XRP500 XRPFreeFreeInstant
Skrill55000FreeFreeInstant
Trustly1020000FreeFreeInstant
Visa (Debit & Credit) 550000FreeFreeInstant
Payment Methods at NZ Casinos

Making Withdrawals from Bitcoin Casinos

Bitcoin gets a big tick regarding its versatility, with Bitcoin Casinos supporting both deposits and withdrawals via the premier crypto method. If you follow five simple steps, you will find your winnings paid to you in a matter of minutes. 

  1. Find the banking tab at your Bitcoin Casino – finding the ‘cashier’ page at any Bitcoin Casino tends to be straightforward. You will likely find a link to your site’s banking operations to the left or at the top of the main menu.
  2. Select Bitcoin – once you have located your casino ‘cashier,’ you will likely be faced with a list of options you can use to complete ‘deposits’ or ‘withdrawals’. Navigate towards the ‘withdrawals’ function and select the Bitcoin option.
  3. Create a Bitcoin Wallet Address – to make sure your Bitcoin finds its way safely to your crypto wallet, you need to generate a destination address. Copy and paste this from your e-wallet to your casino’s bank to provide a route for your winnings to be transferred. 
  4. Check your details – it is vitally important that you double-check all the details you provide before pressing the go button on your payout claim. If your crypto address is wrong, you may end up funding another user’s account by mistake, with few options available to rectify any errors.
  5. Complete your payout – once you are completely happy with the details of your withdrawal, confirm and wait. Your Bitcoin should be in your crypto wallet within a couple of hours. 

Finding the Best Bitcoin Casinos

Once you have found a regulated casino that upholds your interests, you can concentrate on more rewarding aspects of a platform’s make-up, bonuses, and software

  • Welcome Bonuses – the loss leader of the iGaming industry gives new players to Bitcoin Casinos a chance to profit from a brief spell of house generosity. Welcome promotions come in one to four lumps of bonus credit, with the size of these being based on your casino’s opinion on risk and the size of your deposits. Players can turn all bonus cash into withdrawable Bitcoin by wagering these sums multiple times. You may come across a no-wagering site where these conditions are waived, but this is rare. Still, you should be able to locate several low-wagering alternatives where you will be required to gamble bonuses thirty-five times to turn them into withdrawable assets. The only fly in the ointment is the contribution rate of individual games. All of your stakes on slot games generally count towards your quest. However, this falls to around 10% for bets on table games. 
  • Software – you can find games from the world’s top software firms at almost every regulated casino. So, if you love the in-depth stats provided in Evolution Gaming’s suite of table games or the in-game features on slots from NetEnt, Quickspin, and Gameburger Studios, you are in luck. 

Playing at Bitcoin Casinos in Unregulated Markets

If you live in a country where the local government is yet to draw up rules and restrictions for iGaming stakeholders to follow, your protections are severely curtailed. 

You will still come across hundreds of licensed venues. However, these documents will most likely be drawn up in Curacao, the Netherlands Antilles, or the Kahnawake Reservation. None of these entities is known for their robust approach to rule-breaking casinos, so they can only be viewed as having limited value. 

Because of these regulatory limitations, we advise you to only play at Bitcoin Casinos, which can evidence longevity and an excellent reputation. 

Staying Safe When Depositing at a Bitcoin Casino

Whether your preference is for welcome bonuses or VIP schemes, and whether you prefer to play slots or on the tables, we can all agree that safety needs to be the priority of all online casinos. 

So, what steps can you take to keep your money and details safe whenever you visit the tables? 

  1. Look for a licensed venue – if a UKGC platform is unavailable, MGA or AGCO-approved venues are great alternatives.
  2. Only use well-regarded crypto exchanges – with Bitcoin exchanges being unregulated, you must complete all financial transfers throughout reputable trading sites. Coinbase and Kraken are highly regarded in this field. 
  3. Keep your software up to date – you have little recourse if your Bitcoin account is hacked. Therefore, your security software must constantly be refreshed to protect your assets.
  4. Offline Storage – if you have Bitcoin going spare, it is prudent to store this offline as a further protection measure. A USB hard drive can keep your crypto safe until you want to deposit.