The Philippines 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. But in many ways, the future is already here, with many Bitcoin casinos now available, including BC Game, which we discovered to be the best Bitcoin casino in our test study.

The cryptocurrency is one of the most secure payment methods in the world, so in order to test out which Bitcoin casinos were best, we also considered which of the casinos offered a good range of games, excellent customer support, as well as strong bonuses, before putting together our recommendation for the best Bitcoin casinos around.

In this guide, we’ll look through whether depositing via blockchain is safe, how it works, as well as looking at the advantages and disadvantages of using Bitcoin as your casino payment method.

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.

Best Bitcoin Casinos by Category

We’ve already ranked our chosen best Bitcoin casinos at the top of the page, but we understand that sometimes this doesn’t give the full picture to readers. To help you in choosing the right site for your specific needs, we’ve broken our choices down further. Here are the best Bitcoin casinos by category:

If any of the above sites appeal to you, you can start playing immediately with Bitcoin by clicking the links provided. If you’d rather learn a bit more about how cryptocurrencies function, and how they can be used at Filipino gambling sites, before you jump into the deep end – stick around. We’ll be providing an in-depth overview of Bitcoin online casinos throughout the rest of this page.

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 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. Simply sign up, download the software, and then start converting your money into Bitcoin. Once you have some currency in your wallet, you can start playing 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.

Therefore, it is safe to say that using Bitcoin as your payment method is a perfectly safe way to make a deposit at an online casino. Indeed, many of the best Bitcoin casinos actively encourage players to use the currency in order to fight against fraud and other insecure payments.

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. This could be from the United Kingdom Gambling Commission or from the Malta Gaming Authority.

Without a licence, a casino simply isn’t worth your time. All of the best Bitcoin Philippines casinos will hold at least one gaming licence from a legit regulator.

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 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 BC Game, or hit on the button labelled “Deposit”.
• 2. Select Bitcoin as your payment method and enter the amount you want to deposit in Philippine pesos. 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.

Once you have found the best Bitcoin casino for your needs, depositing there with Bitcoin is pretty easy.

First off, you need to sign up to your casino of choice, enter any details they ask for and possibly verify your account, either via email and/or by providing ID. Once you have completed this, you’re ready to make a deposit so that you can start playing.

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 Bitcoin, and it will ask for your Wallet details in order for you to connect your account.

If sufficient funds are in your Bitcoin Wallet, the transaction should take place instantaneously, providing you with money to play with, in your casino account.

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 Philippine pesos 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.

There is no need to overcomplicate things and if you would rather stick to the traditional payment methods you should know that we have dedicated a page for the best real money casinos in 2024.

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 casino bonuses offered by Bitcoin gambling sites. Just be aware that not all casinos will allow you to opt into a bonus by making a deposit with this payment method.

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.

However, 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. Alternatively, you can choose another operator that offers faster withdrawal methods, such as one of the best Maya casinos, for example.

Bitcoin Gambling and Taxes in the Philippines

Bitcoin may be different from traditional currencies, but that doesn’t mean that the rules no longer apply. Just like any form of income, you have to be mindful of taxes concerning your winnings. This can 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. You are only eligible to pay taxes on Bitcoin if you have sold or spent the currency. Taxes do not apply to those who have bought the currency or simply kept it in a digital wallet. We’d advice speaking to an account to fully understand how much you owe on your Bitcoin winnings and how to pay.

Like many other forms of online payment, Bitcoin can sometimes incur fees. However, this changes on a case by case basis at each of the best Bitcoin casinos. Indeed, many casinos will actually pay the fees themselves, taking this cost away from the customer.

However, you should always check – as you should with all payment methods – whether you will be charged any transaction fees when you deposit or withdrawing 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 players will be comfortable with.

Of course, no online casino worth its salt will only accept the one form of payment. Almost all Philippines Bitcoin casinos, for example, will also offer debit card payments, plus a variety of eWallet and prepaid options. Check out some alternatives below.

Best Bitcoin Mobile Casino: Discover the Apps

Everything is available on mobile devices nowadays, and the best Bitcoin casinos are no different. While many Bitcoin online casinos have their own dedicated apps that you can download right onto your device, many have started focusing their attention on mobile-optimized sites instead.

This means you can access a large portion of the casino games library from your mobile browser, without having to sacrifice any space in your device’s memory by downloading the best casino apps.

Just make sure that when you’re making a Bitcoin deposit on a mobile device, you’ll also need mobile access to your digital wallet. That means you may have to download software onto your device, or remember your key in order to make a deposit.

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.

The best Bitcoin casinos 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 Bitcoin live casinos allow you to make deposits while in-game, so you can top yourself up as you need to.

Just make sure you have access to your Bitcoin Wallet and/or your key beforehand. 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.

New Bitcoin Casinos – The Fresh Newcomers

As Bitcoin and other cryptocurrencies continue to grow in popularity, more and more casinos will add them to their payment options. For the time being, there are only a select few casinos that accept Bitcoin as a payment method. Naturally, the newest online casinos are more likely to offer the latest, most cutting-edge payment options.

One of these options is GCash, which has recently become one of the most popular payment methods in the PH. If you already hold an account with it and you seek convenient operators offering it, you can review the best GCash casinos in the Philippines.

Overall, it is more likely to be able to pay via Bitcoin at newer establishments than older casinos. That said, it’s important to keep an eye on developments. Casinos regularly improve and add to their payment options, so a casino that doesn’t currently allow players to pay with cryptocurrencies could very well allow them to do so in the near future.

The Latest Bitcoin Trend: Poker

While there are many games that can be played and enjoyed at Bitcoin 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.

Though Bitcoin is certainly leading the charge as far as crypto poker games go, there could be a new challenger entering the ring. An upcoming cryptocurrency known as CHP (or “chips”) can be played immediately in-game, and transforms your usual BTC funds into tokens to be wagered. While far from being the norm yet, the opportunities for betting through blockchain seem limitless.

General Information About the Bitcoin Provider

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 Filipino 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 all players.

The only obstacle is, perhaps, that many are confused by and distrustful of the new technology. This is something that is bound to change in time, especially as more casinos that accept Bitcoin enter the market.

Conclusion: Many Good Bitcoin Casino Sites to Choose From

Using Bitcoin as your payment method is one of the most secure ways to move funds to and from an online casino. The cryptocurrency is still in its infancy, but you can expect more casinos to start accepting it in the coming months and years.

If you’re looking for safe Bitcoin online casinos to use, simply check out our review of the best online casinos in the Philippines, which we’ve created to ensure you only use the safest and most secure online casinos around.

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 in the Philippines?

While there are not very many Bitcoin casinos on the market, there are certainly some that our experts feel are a cut above the rest. You can take a look at our ranking of the best Philippines Bitcoin casinos to explore the top sites.

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

Bitcoin gambling is absolutely legal in the Philippines. Though the cryptocurrency has unfortunately been given a bad rap due to its use by some criminal elements. However, the use of the currency and gambling with Bitcoin is completely safe and legal. 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. 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 Philippines?

Yes, provided you are playing at a licensed and regulated site that offers Bitcoin as a payment option, playing Bitcoin poker is legal in the Philippies. You can learn more about playing poker with this payment method in our overview of Bitcoin poker.