Nowadays, cryptocurrency is increasingly used in many different business niches to carry out financial transactions around the world. The gambling industry is no exception here. More and more platforms are accepting cryptocurrency bets and encouraging their customers to deposit BTC assets. So what makes cryptocurrency so prospective in the online casino world? Why should you consider digital money as the best-suiting gambling asset?
There are many features of Bitcoin that make it the most suitable for Internet gambling, especially for gamblers in Israel:
- Anonymity - BTC and other cryptocurrencies do not guarantee complete anonymity of all participants in the payment system but significantly reduce the possibility of their identification. In reality, everything is not so perfect, and you can still reveal the owner of Bitcoin. But such cases are rare;
- Decentralized payment structure - Bitcoin does not have a single financial center, so it cannot be controlled or prohibited. This is especially beneficial for residents of Israel, where online gambling is strictly prohibited. Thus, you will hardly have any problems when registering an account and making a deposit at a Bitcoin casino;
- Instant payment processing - BTC winning can be obtained immediately without additional checks, commissions, and other delays.
With all the above in mind, it is no wonder why cryptocurrencies have occupied a large segment of the Internet gambling market. Digital money has long ceased to be the prerogative of only casinos and is used wherever there is an element of gambling and excitement.
How Do We Rate Bitcoin Casino Sites?
If you are looking for a Bitcoin online casino where you can gamble without worrying about your personal or financial safety, then you can take a quick look at the list we have made for you. Our gambling experts keep a close eye on the market and know what crypto casinos deserve your attention. Therefore, by checking our Bitcoin casino io ratings with short reviews, you will always know all the key features of every gambling establishment and whether any of them meet your gambling needs.
All the gambling platforms have been selected strictly according to parameters that are important for Israel player, namely:
- Online casino Bitcoin reputation and customer reviews;
- The availability of a gambling license;
- Bonus policy;
- Game assortment and software;
- Customer support;
- Supported banking options and currencies;
- Mobile-friendliness of Bitcoin casino Android.
The gambling industry is developing fast; that’s why our gambling experts are constantly checking on what’s happening there to provide you with 100% accurate information about the best Bitcoin casino.
Deposits and Withdrawals at Bitcoin Casinos
The popular majority of online casinos work with different payment systems - from banking cards and wire transfers to e-wallets, digital money, and country-specific systems. So you will definitely find an option that works for you even if you enjoy gambling at a free bitcoin casino with no deposit bonuses. When deciding on a deposit/withdrawal option, there are a couple of things that you need to take into account.
#1 - Transaction Speed
Transaction processing speed is of high importance for online gamblers. We doubt that you would like to wait for your money for days or even weeks. That’s why you should always know how fast transactions are processed by the financial system and if internal lags/failures are possible. As a rule, 3-5 business days are necessary to process a deposit/ withdrawal operation. However, with Bitcoin, this timing is reduced significantly - all transactions are carried out instantly, with no delays. Check Bitcoin casino reviews to know how to work.
#2 - Commission
Many gamblers forget about commissions and are disappointed when they get an amount that is less than what they have expected. For this not to happen, you should always check how much an online Bitcoin casino charges. Keep in mind that commission rates for deposits and withdrawals may vary. So you need to clarify this information with both parties. The best thing about crypto casinos is that they rarely have any commissions. What is more, some even offer special bonuses and rewards to those who decide to deposit digital money.
#3 - Min/ Max Amount
Unfortunately, it is not always possible to cash out/deposit as much money as you need. Some online casinos and banking systems come with strict limits for min/ max amounts to be processed within a single transaction. We do not want you to encounter any issues and disappointment. That’s why on our site, we always feature the weekly max that a gambler can withdraw from a particular casino with Bitcoin. As a rule, this amount ranges from $2,000 to $10,000.
#4 - Information Safety
Some banking solutions employ state-of-the-art data protection technologies, whereas some systems are easy to hack. We highly recommend that you give preference to financial solutions and choose a Bitcoin casino Israel that provides ironclad guarantees and safety to all the users. One of such solutions is cryptocurrencies. They allow all users to keep their identities 100% anonymous. There is no reason for you to worry about someone getting to know your real name, place of residence, and the amount stored on your account. Since these data are encrypted, it is impossible to reach or hack them.
Bitcoin Casino Israel Legality
There are actually no laws that directly prohibit or permit Bitcoin gambling. No country’s government has established that it is illegal to play roulette, slots, or poker using digital money. What is more, Bitcoin gambling as such is not regulated. Based on this, the legality of an online casino Bitcoin is determined by two factors:
- The legality of Bitcoin in a particular country;
- The legality of online gambling in the selected country.
- When it comes to Israel, offering online gambling to residents of Israel is prohibited. However, there is no word about using Bitcoin and other cryptocurrencies. Besides that, there are many offshore casinos that are open 24/7 to all Israeli people, which gives you absolute gambling freedom.
As for the legality of Bitcoin, the use of cryptocurrency is approved in all countries where the gambling market is developed and attracts operators. Bitcoin is legal in more than one hundred countries today. In other words, if the laws of a particular country do not prohibit the use of Bitcoin, you can safely make deposits in digital money in a Bitcoin casino online Israel.
Online Casino FAQ
The game assortment at Bitcoin casinos is no different from traditional online gambling halls. You will find the very same Bitcoin casino slots, card, and dice games, as well as progressives. Some Bitcoin casinos have made an extra mile and purchased live dealer games, providing a 100% realistic gambling experience.
For a Bitcoin casino online to legally operate on the market, a gambling license is required. The same applies to gambling operators accepting cryptocurrencies. That’s why the availability of a gambling license should be the very first thing you check. You can find this information in the footer part of the casino site or on the official website of the licensor.
The bonus policy at Bitcoin casinos is identical to the “traditional” one. Some BTC casinos offer a Bitcoin casino no deposit bonus; others reward their players with free spins. Not to miss out on the most attractive bonus offer, you should always check a bonus policy of a particular casino.