Welcome to mBitcasino. We are a leading online Bitcoin casino with hundreds of different games, from slots to blackjack and bitcoin sports betting. We offer 100% secure payments to ensure that your Bitcoins are kept safe and your transactions are completed at lightning speed. Yes, many bitcoin casinos offer free bitcoins to its prospective players or affiliates for different activities such as, your registration with the casino, referring a new player to register on a casino, to play a new game, and many others. Cash Out Fortune may not be your average slot machine in terms of game play, but the game is designed with some classic spinning themes in mind. First of all, the game features a full line-up of symbols from the retro arcade repertoire, with fruit icons like plums, grapes, cherries, melons as well as a golden crown and triple bar icon.
When you play casino games on the Internet at online casinos, it is very important to find a suitable and safe banking option you can use to cash out your winnings. After all, you are playing to win real cash and increase your pocket money.
Withdrawing your winnings using Bitcoins is probably the safest option on the Internet to get the money you have won. The virtual currency can be used as reliable banking option at many online casinos that accept it so if you want to play real money online casino games, sign up with a good Bitcoin casino.
Bitcoin allows players to remain anonymous and safely deposit and cash out using nothing but a Bitcoin address to which Bitcoins need to be sent or received. In addition, withdrawing with Bitcoins is fast, easy and comes with virtually no transaction fees. Continue reading to find out more.
How to Make a Cashout from a Bitcoin Casino?
In order to make a withdrawal from a Bitcoin casino like Bitcasino.io, you must have won Bitcoins by playing games as well as cleared out the wagering requirements if you have claimed a bonus. When you request a withdrawal, Bitcoins are sent from your online casino account to your Bitcoin wallet address.
Withdrawals are usually processed immediately and you should get your Bitcoins within 12 hours. In most cases, you don’t have to pay any extra withdrawal fees. It takes only a few mouse clicks to do a withdrawal and the following are the steps you need to make:
Step One
Log into your Bitcoin casino account with your username and password and visit the Withdraw tab.
Step Two
In the Withdrawal section, enter your Bitcoin wallet address.
Step Three
Then type in the amount of Bitcoins you want to cash out from the casino.
Bitcoins Only Exit Digitally from Online Casinos
When speaking of Bitcoins as currency, many people conjure up images of physical money. But the truth is Bitcoins only exit digitally or from one virtual Bitcoin address to another. There is not even a physical document that can be downloaded.
In other words, Bitcoins exit virtually in digital form as a record of the transactions completed by the different Bitcoin addresses. However, if you want to reconstruct the balance of a certain Bitcoin address, you have to extract information from the block chain Bitcoins exit in order to get an overall figure.
Why Use Bitcoins to Withdraw from Online Casinos?
There are a couple of advantages Bitcoin offers to online casino fans. When cashing out money with Bitcoin players get the following benefits:
- Transactions are fast
- Transfers are cheap
- Information related to transactions is secure
- Bitcoins are private
Transactions are Fast
Bitcoins can replace some rather antiquated payment methods like bank transfers or transfers made by check. These means of transferring funds take a couple of days to clear because they include many verification procedures. With Bitcoins, you will get your money in no time.
Transactions are Cheap
Bitcoins are free to use although some online casinos may charge you a small transaction fee for withdrawals.
Information Related to Transactions is Secure
This is probably the biggest benefit of using Bitcoins to make online casino transactions. When you use credit cards, for example, you have to enter sensitive information like credit card details and personal info. When you transfer with Bitcoin, nobody is aware who you are because all you have to enter is your Bitcoin wallet address. Therefore, sensitive information is secure.
Bitcoins are Private
Bitcoins satisfy the need of having private transactions. When you use credit cards to make transactions, there is a paper trail that shows where funds were spent. With Bitcoins all that is known is the wallet address or user names to which Bitcoins are sent or received.
Conclusion
Instant Cashout Casino
All in all, Bitcoin transactions are safe and reliable means of transferring virtual money to and from online casinos. The personal details of players are also secure and private and there are virtually no fees associated with withdrawals.
Just a few years ago, when in the vast majority of online casinos you could only play on usual currency, one of the main concerns of the players was the verification process when it comes to withdrawing winnings. Now cryptocurrency casinos are rapidly replacing the “dinosaurs” of the online gambling industry, providing a number of advantages, the list of which includes the ability to play casino on bitcoins without identity verification (without KYC procedure).
What bitcoin casinos don’t request KYC verification?
At the moment, the situation with verification at Bitcoin casinos is much more simple: if the website accepts only cryptocurrency for play, then most likely verification is not required. This is primarily due to the fact that the legal sector in the field of cryptocurrency varies from country to country, so Bitcoin casinos can register in the jurisdictions with minimum legal limitations and operate accordingly. In addition, in order to create an account, convenient online payment systems (like PayPal, Neteller, bank cards etc.) require ID from users, while crypto-wallets not. Moreover, cryptocurrency is a decentralized phenomenon, which means that the regulation of its turnover contradicts the concept.
If you are an ardent opponent of the idea of sending personal documents to the casino and want to play with Bitcoin as anonymously as possible, the table below provides information on verification for the best Bitcoin casinos.
- nearly instant withdrawals
- 15 custom provably fair games
- hundreds of games from licensed providers added in the recent update
- 100+ coins accepted
- betting on sports
- loyalty program (cash bonuses for every regular player)
- perfect mobile version
- Bitcoin, Ethereum, Litecoin and TRON
- ultra-fast withdrawal and deposit
- about 2000 of games from licensed providers
- perfect mobile version
- first licensed Bitcoin casino
- 'tournaments' feature was added
- fast withdrawals
- huge amount of games from top providers
- 9 coins accepted and usual currency
- one of the most innovative crypto-casinos
- multiple coins
- one of the first in the industry
- no registration required
- Bitcoin only
- sportsbetting oriented
- several custom casino games
- best Bitcoin poker in the industry
- mutual betting on sports (player vs player)
- several custom casino games
- awesome mobile version
- betting on special events (Oscar, elections, etc.)
- 6 cryptos and 6 usual currencies
- thousands of games from licensed providers
- active players chat
- live dealer games
- 5 cryptocurrencies
- nice VIP-program
- awesome mobile version
- many games with jackpot
Online Casino Bitcoin Cash Out Slots
- 40 coins accepted
- 8 custom provably fair games
- works since 2014
- micro-bets and faucet
- hundreds of games from licensed providers
- 5 cryptos and usual currency
- top casino 2017/2018 AskGamblers awards
- 9 cryptocurrencies
- hundreds of games from licensed providers
- betting on sports
- live dealer games
- 6 cryptos and fiat accepted
- hundreds of games from licensed providers
- established in 2013
- Bitcoin, Ethereum and Bitcoin Cash
- sportsbook
- founded in 2013
- hundreds of casino games from licensed providers
- 6 cryptos accepted
- great promos and events
- live dealer games
- hunderds of casino games from licensed providers
About verification in online casinos
Verification is the process of player’s identity confirmation by sending documents or other informational materials (in digital form) that a particular casino requests. The list of such materials most often includes a passport, a bank statement which includes the physical address of player’s residence, a receipt for utilities (also with the address). Less often, a casino can ask to send a photo of the game account owner holding the passport.
Why casino asking for documents for withdrawal?
There may be several reasons for this and they may be different for each casino, but the most common ones include: prevention of money laundering, protection of player funds from being stolen by hackers, abuse of an affiliate program, verification of age.
Let’s consider the above reasons in more detail:
- Money laundering - criminals do not get tired of coming up with new ways to launder money and online-casinos are often become their victims, so any suspicious financial activity (which may seem subjective) may lead to verification request.
- Protection of accounts - no matter how powerful security system a casino has, there is always a theoretical probability that a player’s account will be hacked by hackers, so the casino can ask for confirmation that it’s the real account holder initiated withdrawal of the funds.
- Affiliate program - in most online casinos players have the opportunity to invite customers in exchange for a commission, which some cunning users can take advantage of by registering another account through their own affiliate link.
- Bonuses - many Bitcoin casinos (as well as regular ones) offer the most attractive bonuses for their first deposit, so there are players who try to scam the casino in an attempt to take advantage of a favorable offer several times.
- Age - gambling is allowed from the age of 18 (in some countries from 21), therefore, in order to not accidentally violate the law, the casino may want to make sure that the player’s age corresponds to the allowable one.
In addition to the above, one of the most important factors is that licensed online casinos for fiat currency should regularly report their income and expenses to governing authorities, including the tax service.
As you can see, online casinos also have good reasons to worry about their security, and all of the above applies to Bitcoin casinos.
Of course, there are simply unscrupulous sites that overcomplicate the process of withdrawal, trying to make life difficult for players to not pay the legitimate winnings, so it is important to responsibly choose the online casino, which is the main aim of our site.
The most anonymous cryptocurrencies for gambling
Compared to conventional currency, cryptocurrencies have a greater degree of anonymity, however, if desired, the movement of funds can be tracked. This is due to the fact that all transactions are included to the blockchain system, which is transparent and, if you know the address of the user's wallet, everyone can see where the coins were sent from or to. This information is useless if you do not know who owns the wallet (and we remind you that no personal data is needed to register a crypto wallet). Usually, owners of publicly known wallets (for example, owners of crypto exchanges or media personalities) are afraid of such “surveillance”. However, even in this case, in the world of cryptocurrency, there is a solution that is often used by crypto casino players.
Monero (XMR)
Monero is the most popular cryptocurrency in the world which supports anonymous transactions. This cryptocurrency is based on the CryptoNote protocol, which has the algorithm of ring signatures behind it. The essence of this approach is to mix information about transactions at the program level, which allows you to hide the amount, the recipient and the sender of the Monero transactions. Fortunately, there are enough crypto casinos accepting this altcoin. The most famous are Stake, FortuneJack and Crypto-Games.
ZCash (ZEC)
Second most popular among anonymous cryptocurrencies is ZCash. Based on the cryptographic protocol of evidence with zero disclosure, which allows you to save transactions in the blockchain, without disclosing its participants and the amount. At the same time, it allows you to make transactions transparent, which can be useful for corporate accounting. ZCash is accepted by the same above mentioned crypto-casinos as in the case of Monero.
In conclusion, we would like to give a couple of tips from experienced players who can help avoid problems and misunderstandings with withdrawing funds from a bitcoin casino.
- When choosing a site for crypto gambling, pay attention to the presence of an SSL certificate. You can determine this by the lock icon before the site URL in the address bar of the browser. The sign 'https' means the presence of an SSL certificate, while 'http' - its absence. This is an important technical feature which provides security during data transfer between the site and the user.
- If the lack of verification is important for you, contact the casino support before making a deposit to find out whether the identity verification procedure is required for withdrawal of winnings.
- It is not recommended to use a VPN for playing in a Bitcoin casino (where the KYC is required), because information security team of such sites today have the skills to track it.