Egypt’s Best Bitcoin Casinos for 2024: Advantages, Safety and Gambling

The rise of Bitcoin, sometimes referred to as BTC, has been one of the biggest financial news stories of the past couple of years, and undoubtedly gives us an insight into the future of money and transactions. However, its reach doesn’t cover everywhere, case in point – the cryptocurrency is illegal in Egypt.

Players in Egypt may be disappointed to know that the cryptocurrency is banned in their country. However, there are some excellent alternative payment methods which gamblers can choose from, including a range of safe and secure e-Wallets such as PayPal, Neteller and Skrill.

In this guide, we’ll look at whether depositing via blockchain is safe, how it works, as well as looking at the advantages and disadvantages of using Bitcoin should it ever become legal in Egypt.

What is Bitcoin and How to Get It?

You’ve likely already heard terms like Bitcoin and cryptocurrency in the news or in your social media feeds, but what do they mean? For starters, Bitcoin is a cryptocurrency, which means it’s a digital, decentralised currency. This means it isn’t tied to any bank, country, or corporation, which makes it attractive for people looking to conduct strictly peer-to-peer transactions.

Like all currencies, it fluctuates in value. As it becomes more popular, more business both online and off are accepting Bitcoin for payments. Casinos are no different.

When it comes to obtaining this digital currency, there are a few options. The simplest method is to purchase coins from online vendors using your chosen currency. Alternatively, you can “mine” Bitcoin through maintaining blockchain consistency.

This can be achieved through verifying transactions, and requires a lot of specialised software and computing power. Therefore crypto is not the recommended route for those wanting a few bucks to spend on casino sites.

The Best Bitcoin Casinos and the Blockchain

Transactions using Bitcoin and all other cryptocurrencies are made possible thanks to blockchain technology. To put it in the simplest terms, the blockchain is like a vast database that is completely open and public. This database doesn’t have any central location, meaning that it’s not vulnerable to hackers. This allows for secure transfer of data or, in the case of cryptocurrencies, money.

Naturally, Bitcoin is an attractive method of payment to many players who spend a lot of time online. If you’re living outside of Egypt and are interested in getting in on the action, it’s not as difficult as you might think. Bitcoin is stored in digital wallets, and you can find a number of wallets online.

Guaranteed Security in a Bitcoin Casino

One of the reasons behind Bitcoin’s rapid ascent in recent years is because it – along with other cryptocurrencies – is the most secure 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 progressive and disruptive financial development of our generation, but they are set to make managing your financial life easier and safer than ever before. At the same time, it is not widely accepted at all online casinos, and of course it is also banned from general use in many countries, including Egypt.

Legal Bitcoin Casinos: How to Recognise Which Are Legitimate?

When looking for safe and legal Bitcoin casino sites, you should exercise the same steps that you would when finding any secure online casino. First things first, always look for proper accreditation and certification. In the cryptocurrency ever becomes legalised in Egypt, you’ll be looking for a licence from a trusted remote gambling authority.

This is the state regulatory body responsible for testing casinos before they are granted the ability to operate within Egypt. Without a licence, a casino simply isn’t worth your time.

Security Details on a Bitcoin casino

Must-Haves of a trusted Bitcoin Casino

• Licence from a suitable regulatory body
• Links to responsible gaming agencies
• Certification from encryption and security services

In many ways, playing with Bitcoin rather than traditional currencies can make your gaming experience even more secure. For starters, you will never have to share your banking information in order to play. Bitcoin gambling is completely anonymous, and your details will never be vulnerable to theft. The only thing to be wary 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. Thanks to these aforementioned 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 fairness measures you need to be aware of. In the footer of most Bitcoin casino sites, you’ll find information pertaining to fairness testing of games. Third party examiners regularly test the games on offer to make sure that the house edge is reasonable, and that the players are not being exploited.

When it comes to Bitcoin gambling and strategies, it’s worth remembering that gambling with this currency has two sides. The most obvious aspect of gambling with Bitcoin is the bets you make in-game. The other side of things is the currency itself. The value of each coin is constantly in flux, and many early proponents of the currency became millionaires overnight thanks to its rising value.

If you playing from somewhere outside of Egypt and want to get the most out of playing with this cryptocurrency, keep a close eye on the value of the currency. This will help you get the most out of any potential winnings, or allow you to be more frugal if you want to keep some coin aside for a rainy day.

Bitcoin Deposit: How It Works

• 1. Go to the “Bank” section of your chosen casino, 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 confirm the payment and start playing.

For players within Egypt, you will not have the option to make deposits using Bitcoin, however, there are several alternative payment methods that you can choose from to make deposits and withdrawals at legal, fully licensed Egyptian casinos.

To add funds to your new casino account, simply head to the payment methods section and select deposit. Here you should be given the chance to deposit via your chosen payment methods, we would suggest trying e-Wallets such as Neteller and Skrill. At this point, you can go ahead and choose a game to play.

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 a more anonymous gaming experience, and ensuring 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 flipside, the volatility regarding the value of Bitcoin means you should certainly be careful with regards to deposit large amounts of funds at the casino, as this unpredictability means your funds could be worth completely different amounts on a week-by-week or even day-by-day basis.

It is worth noting, however, that should your funds be turned into another currency at your casino, the value of this will not alter while in your casino account, these funds will remain the same as when you deposited, regardless as to the current value of Bitcoin.

Bitcoin Casino Bonus – Which is the Best

If you’re looking for an exclusive 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 avail of the Egypt casino bonuses offered by Egyptian gambling sites. Just be aware that none of these casinos accept Bitcoin as its use is prohibited by the Egyptian government.

It’s always important to read the terms and conditions of a welcome bonus before opting in, as many only recognize 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 are bonus scams. Never believe any site purporting 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 legitimacy of an online casino, check its credentials for a licence from the necessary regulatory body and for certifications from third party testing agencies.

Withdraw Your Winnings with Bitcoin

Just as depositing with Bitcoin is super smooth and easy, so is withdrawing with the cryptocurrency. As with any currency, you need to be aware of any transaction fees that the online casino may impose before making any transactions, as these vary between different casinos.

Regardless of the payment method that you use, if you’ve had a successful playing period and want to withdraw your winnings, you simply need to head to the banking section of your casino account. Typically, this is never quite as easy to find as the deposit section, but you should still be able to find the withdrawal button quite quickly.

Once you have located this, simply enter any details the casino asks for in order to process your payment along with how much you want to withdraw. Withdrawals may take a few days to process as they often need to be approved by the casino before being sent to your account.

If you have any problems when withdrawing your funds, get in touch with the casino’s customer service team who should be at hand to assist you with any problems you’re having.

Bitcoin Gambling and Taxes in Egypt

Bitcoin is currently banned in Egypt, so residents of the country cannot use the cryptocurrency for any form of transaction. Should Bitcoin ever become legalised, you will have to be mindful of taxes concerning your winnings. If this happens, it could prove to be tricky, as the currency doesn’t carry as much documentation as traditional currencies (which is part of the reason why it’s so attractive to criminal enterprises).

That said, governments are becoming more aware of cryptocurrencies and how to tax digital wealth. It is very likely that if Bitcoin is ever legalised in Egypt, it will be taxed in some form. Bearing that in mind, you should always check – as you should with all payment methods – whether you will be charged any transaction fees or taxes when you deposit or withdraw at an online casino.

Alternative Payment Methods

Although it is gaining in popularity, Bitcoin is still by no means one of the most popular payment methods to use when it comes to online gambling transactions. There is a significantly higher level of entry required to use the cryptocurrency that not all punters will be comfortable with.

This means it isn’t that great of a loss to Egyptian players. Almost all legitimate Egyptian casinos, for example, will offer debit card payments, plus a variety of eWallet and prepaid options. Check out some alternatives below.

Best Bitcoin Mobile Casino: Discover the Apps

Unfortunately, there are no mobile bitcoin casinos that we can recommend for our Egyptian readers. No legitimate Egyptian mobile casinos will offer this payment method to its players and any casino site that offers Bitcoin as a payment method should be avoided as it is not following the regulations set out by the Egyptian government.

The Best Live Casinos That Accept Bitcoin

Live dealer casinos are some of the biggest draws of the online gambling experience. Modern technology allows for crisp streams and a focus on interaction, which allows you to experience the immersive atmosphere of a land-based casino from the comfort of your living room.

Live dealer casinos in Egypt will typically come equipped with state-of-the-art live software from the leading software developers, and a host of table games at which you can test your luck. Most Egyptian live casinos allow you to make deposits using a wide range of payment methods from debit cards to e-Wallets. But they will not allow you to use Bitcoin.

Just make sure you have topped up your player account using an appropriate payment method. To learn about live software in greater detail, we recommend checking out two of the biggest names in the industry by reading our pages on Playtech casinos and NetEnt online casinos.

The Latest Bitcoin Trend: Poker

While there are many games that can be played and enjoyed at online casinos, poker has definitely taken the lead as the players’ favourite in recent times. The trend of playing poker with cryptocurrencies began in the United States, but has quickly spread worldwide across the internet.

Unfortunately for Egyptian players, the option to play poker using Bitcoin is not available. However, there are many viable alternatives such as e-Wallets and prepaid cards which players can choose from if they do not wish to use their debit card or bank transfer payments to make your deposits.

General Information About Bitcoin

Bitcoin is the best-known cryptocurrency in the world, with the blockchain managing all transactions for this futuristic digital currency.

Bitcoin was created by the mysterious Satoshi Nakamoto in 2009 and was the world’s first decentralised digital currency. However, it was in 2017 that the cryptocurrency exploded in the public domain, as its value skyrocketed against traditional currencies.

An increasing number of businesses around the world – including casinos – are accepting Bitcoin as a form of payment, while the cryptocurrency continues to grow into day-to-day life.

The Future of Bitcoin Gambling

Bitcoin’s future within online gambling is almost guaranteed. Thanks to its highly secure nature, it’s an ideal payment option for playing online at real money casinos. Paired with the continued success of Bitcoin, it’s only a matter of time before it’s the go-to payment option for players in other countries.

However, it doesn’t look like the payment method will be legalised in Egypt any time soon. The government is pretty adamant about banning the cryptocurrency but Egyptian players will have plenty of other payment methods which they can use to make deposits and withdrawals.

Conclusion: Many Good Bitcoin Casino Sites to Choose From

The use of Bitcoin is prohibited in Egypt and you will not find any legitimate online casino that accepts it as a payment method. The cryptocurrency is still in its infancy, but it doesn’t look like the Egyptian government will be changing its mind any time soon.

If you’re looking for safe online casinos with plenty of secure, legally accepted payment methods, simply check out our review of the best online casinos in the Egypt, which we’ve created to ensure you only use the safest and most secure online casinos around.

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Nicholas Crouch

Chief Editor at Scams.info

Our Chief Editor brings with him an extensive background that spans decades. Known for crafting captivating casino and sports betting content, Nicholas began his journey into the world of gambling with football pools, and he now enjoys the excitement of high variance slots and curating engaging content for our site.  

I've learned that when creating gambling content, knowledge offers an edge, but ultimately, it's about the enjoyment and sharing my honest expertise with others.

FAQs

We hope this page has answered all your questions regarding Bitcoin casinos. If there’s anything that seems unclear or any questions that have been left unanswered, take a look at our frequently asked questions below.

⭐ What are the best Bitcoin casinos?

Unfortunately, there are no Bitcoin casinos that we can recommendfor the Egyptian market. In our guide, we discuss the cryptocurrency so you can know all the basics about it, should it ever become legal in Egypt.

💼 Is it legal to play with Bitcoins on online casinos?

Bitcoin gambling is illegal in Egypt. While it is a perfect safe payment method which is accepted in other countries, gambling with Bitcoin is prohibited by the Egyptian government. You can learn how to identify safe and legal 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 expensive hardware. Therefore, it's a lot easier and cheaper to just buy Bitcoin. You can read more about it in our guide to obtaining Bitcoin.

✨ What are the Advantages and Disadvantages of Gambling with Bitcoin?

There are many advantages and disadvantages to gambling with Bitcoin. On the one hand, it is a very secure payment method. On the other hand, however, it is not as widely available as other methods and it is completely banned in Egypt. To review the full pros and cons, check out our overview of the advantages and disadvantages.

💳 What are the alternatives to Bitcoin for playing online?

There are many viable alternatives to Bitcoin when playing online. While you're unlikely to find many cryptocurrency alternatives, you can choose from a variety of bank transfer, debit card and e-wallet options. To learn more, read our guide to Bitcoin alternatives.

🃏 Is playing Bitcoin poker legal in the Egypt?

While playing poker is legal in Egypt, using Bitcoin for any form of transaction is illegal. You can learn more about playing poker in Egypt along with alternative payment options in our guide.