Home / Tag Archives: licensed bitcoin casino

Tag Archives: licensed bitcoin casino

Top Licensed Bitcoin Casinos:

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In order to legally operate, online casinos need licenses. To obtain one, they have to set up a bank account where payments are sent and received. Though all transactions are done online, they operate in the same way as other regular businesses.

For Bitcoin casino, the process is totally different. Since Bitcoin is used, there is no need to set up a bank account. Third party regulators are also unnecessary. The way Bitcoin works is that only block chain networks are used for fund transfer. It is decentralized. Therefore, licenses are not necessary for Bitcoin casinos or other gambling sites to run.

Role of Licenses

licensed btc casino

With Bitcoin casinos, they are just hosting the games and other products from software providers that are licensed. Therefore, for the Bitcoin casino to run there is no need for it to get licensed. They can still continue operating and provide their customers with high quality and legal service.

Despite the fact that there is no need to be licensed, it is still an advantage to be one. For people to trust the online casino, they need to know if they have the license to run. It would make them feel more confident in giving it a try. The reputation is strengthened and will eventually lead to more players signing up.

The Price of Licensing Bitcoin Casinos

There are financial and legal advantages of being licensed. However, not all Bitcoin casinos are considering it given the amount that they have to pay. Whether they choose to have a full license or a sub-license, the amount is quite high.

For full licensing, a setup fee of $34,000 is required. This is not yet inclusive of the $5,600 monthly fee required for the next two years.

Other Licensed Bitcoin Casinos:

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157

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16


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1


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50


BitBet Review

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84

25%


Betonline.ag Review

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550

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160

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200

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Princess Star Casino Review


200
 

110%


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15

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590

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Riobet Review

Trusting Bitcoin casinos

For now, Bitcoin casinos have the prerogative to be a licensed bitcoin casino or not. However, in the future, they might not be able to run the site if they are unlicensed. This is now starting to happen in some countries. Though casinos can opt to be licensed or not, gamers would automatically choose licensed casinos. They would feel more secure when they partner with a licensed Bitcoin casino business. They know that they won’t be scammed. Even if something wrong happens along the way, they know that they can run after the company. If there are violations, they can hold the company accountable. Therefore, if you are thinking about trying online Bitcoin casinos, you need to check first if they have a license to operate.

Ridika Online Casino Review

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Spinia Casino Review

A licensed online casino, Spinia advertises itself as an online gambling destination created by gaming professionals. It claims to offer topnotch service that is “among the best in the industry.” One of the most aesthetically pleasing gambling sites, Spinia is notable for the loads of animation on its website. Of …

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Vegas Crest Casino Review

Offering hundreds of games, Vegas Crest Casino is a licensed online gambling operation registered under the laws of the Government of Curacao. It is a straightforward gambling site with a simple design and a guarantee that all of its games are fair and safe. It also brags of being one …

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BuranCasino Review

BuranCasino

BuranCasino is a licensed online gambling operation registered in Cyprus and Curacao. It offers numerous licensed games and claims to have fast payouts and numerous payment options. Seeking to provide an excellent gaming experience, this casino offers guaranteed jackpots and player support by highly qualified staff. BuranCasino aims to serve …

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HappiStar Review

HappiStar is an online casino that focuses on the Asian market. A licensed online gambling operation, it is run by a company incorporated in the British Virgin Islands. To play in this casino, you will be using US dollar, bitcoin, and and a few Asian currencies. There aren’t that many …

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Coinbet24 Review

Coinbet24 is an online casino and sports betting site that accepts bitcoins. Featuring hundreds of gaming options, this gambling site offers hundreds of casino games and a multitude of sports events to be on. It is a licensed sportsbook and online casino said to have been established by a team …

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CyberDice Review

CyberDice is a bitcoin gambling site with a noticeable “cyber” look. It is one of the gambling sites that focus on a single game and wagering with bitcoins. This online cryptocurrency gambling site was once marketed as the game that took the original bitcoin game (dice) to the next level. …

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Intertops Sportsbook Bitcoin Casino Review

Intertops is one of the longest-running casinos on the web. Established 23 years ago, it claims to be the first ever online sports betting site and one of the largest casinos. Intertops processes more than 4,000 wagers every day and serves players in different parts of the world. According to …

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King Billy Casino Review

King Billy Casino takes pride in being hailed as the best casino and players’ choice of one prominent online casino review site. It is a licensed online gambling operation that offers a wide variety of online gaming options. Created to serve players in many parts of the world, this casino …

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Gunsbet Casino Review

Gunsbet is a licensed online casino that offers numerous games. It is a mobile-friendly gambling site that serves players in different parts of the world. It is a well-designed online casino that has a familiar look and feel, but is aesthetically different from many other online casinos. It is a …

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