Why was Bitcoin adopted by casinos?
Bitcoin is a decentralized payment method not connected to financial institutions or banks. Since its emergence in 2009, the payment method has been considered a potential use for online gambling casinos since it offers instant and lowered transaction fees.
At the same time, transactions are completely anonymous, and blockchain technology provides one of the safest transaction networks. No wonder hundreds of casinos accepted Bitcoin as a payment option.
Let’s look at our criteria to be considered the oldest and most trusted Bitcoin casinos!
To find the oldest and most trusted Bitcoin casinos, we had to dig deep into the archives and screen possible candidates to make it on our list. Thankfully we had the help of a list of strict criteria that made the job slightly easier:
Release Date: We weren’t interested in casinos that had less than five years of proven track record. Casinos didn't necessarily need to be the oldest casinos to make our list, but we were looking for some experience.
Reputation: The true sign of a trusted online casino website is positive feedback from the crypto-gambling community. So we reviewed every casino to find out what players had to say.
License: Due to the nature of online gambling, we felt it was important for a casino to possess a gambling license.
Oldest and Most Trusted Crypto Casinos
Finally, let’s look at the oldest and most trusted Bitcoin casinos. Here is our pick!
Cloudbet was established in 2013 as a mediocre Bitcoin sports betting casino, with very little attention from the gambling fraternity. Over the years, it has built up an impeccable reputation amongst players.
Cloudbet is strictly by the book and is completely vetted with a Curaçao gambling license. The site has thousands of positive reviews on BitcoinTalk and a spectacular rating.
Despite the positive comments, we found that players posted questions and concerns over Cloudbets minimum wager fee being too high, to which they gave an appropriate and friendly answer for every problem.
Cloudbet prioritizes its customer relations, security, and overall site management, hence why they're number one on our list!
While Stake Casino isn’t the oldest Bitcoin casino, given that it was established in 2017, it’s been one of the industry leaders for over five years. It has racked up some reputable credentials with online players.
Stake Casino is verified with a Curaçao gambling license and offers provably fair games for its players. This ensures that the outcome of players' bets is completely randomized, and they can validate their wager at any given moment.
Due to the nature of crypto gambling, there will always be negative accusations about the website. However, on the whole, we found that most users were satisfied with Stake Casino and gave it a positive overview.
Bitcasino.io has been accredited as the pioneer of cryptocurrency gambling in its industry. Multiple online casinos existed before it. However, it was the first ever licensed online crypto-gambling casino.
The casino was released in 2014, following the increasing demand for legitimate online Bitcoin casinos. Since then, the simply designed website has done just that, offering over 5000 crypto casino games.
Bitcasino.io offers its users verified gambling with a valid Curaçao license and 2FA security features. Still, it receives substantial criticism for its lack of KYC (Know Your Client) policies and customer support services.
On the whole, Bitcasino.io isn’t very active when answering customer complaints, but it still provides a safe and trusted gambling option for Bitcoin enthusiasts!
Established in 2001, BetOnline started trading with fiat currencies, and in 2010, it decided to jump on the Bitcoin bandwagon while it was still hot! With over 20 years in the online industry, it’s easy to see why they’ve developed such a solid fan base.
Despite all the pros, BetOnline has come under fire from its loyal supporters for charging them additional fees for extra features. However, Bitcoin gambling enthusiasts will welcome the idea that the site charges no transaction fees for withdrawing or depositing any cryptocurrencies.
In terms of licensing, the casino is vetted with a Panama gambling license and has a strict KYC policy for all its users. We struggled to find any typical “Scammer Casino” threads about BetOnline’s reputation. It’s genuinely one of the oldest and most trusted Bitcoin casinos.
7Bit casino has become a household name in the crypto gambling community. The site was established in 2014 and is arguably one of the best-designed online casinos with a 2FA authentication factor for its players.
Similarly, the casino plays by the book, as it is licensed in Curaçao. Although we were surprised by the evident lack of KYC policies, it seems as though anyone with an email address can open an account on 7Bit.
The casino has attracted some negative publicity from users, but their players are generally satisfied. 7Bit’s customer service is quick to send responses to any particular problems, and withdrawals, although they take several hours, are always deposited.
As a result, the casino has upheld a trustworthy reputation for all its players and takes our last spot on the list.