It’s been over 10 years that bitcoins are around. This crypto has become common money for many players to move their funds to and from online casinos. Given the many advantages of bitcoins provided to all those who use them, it is hardly surprising that online casinos are increasingly adopting the blockchain technologies to reach Nigerian gamblers who use bitcoins. As the concept of digital currency may be a bit tricky for some to grasp, the best online casinos have great tutorials for this type of stuff, explaining ordinary users how to purchase, exchange and store crypto safely. In bitcoin online casinos, an NG player will find a variety of interesting slots and a large number of bonuses. Bitcoin casinos are basically the same as mainstream casinos that allow players to bet fiat money. The key difference between the two is that users may deposit and bet bitcoins in casino games.
Banking in bitcoin casinos
To get an account credited with BTC, a user needs to pass nearly the same preliminary procedures as in ‘normal’ online casinos. First, a user has to create an account with the selected casino, enter the cashier and pick Bitcoin as a deposit option. On most gambling sites, the signup process is greatly simplified to filling in just a couple of fields. However, at some point (normally, on withdrawal), the casino will anyway ask for personal details.
An upside of dealing with bitcoins for gambling is that casinos usually allow for higher transaction limits, which is of importance for high rollers. Whereas fiat moneys have withdrawal limits of $5000 to $10,000 a week, bitcoins can be cashed out in greater sums. Having a bank account is not necessary for bitcoin transactions because BTC is stored in a special wallet that is not linked to any banking facility.
Another advantage for bitcoin users is decreased fees (or no fees at all) for all transactions. In cases that processing commissions are taken by the casino, they are often related to blockchain’s verifying transactions.
An increased speed of cashout is one more reason of using bitcoins for playing in online casinos. Each casino has a certain pending time, which is usually 24 to 72 hours, and the same occurs in bitcoin casinos but as soon as the pending period expires, the BTC funds are transferred almost instantly, within a few minutes.
Bitcoin casino games and bonuses
Online casinos operating with bitcoins offer a variety of gaming options such as slots, blackjack, baccarat, roulette, live dealer games and others. Their design and layouts are exactly the same as in other sites but games available in bitcoin casinos can be played for BTC (winnings are also furnished in the crypto). Depending on a game type, bet sizes are also different, from a couple of nairas to hundreds of mBTC per spin.
Slots come in all existing formats: games with 5 reels, classic slots with 3 reels and slots with progressive jackpots. Actually, every type of games that can be found in a mainstream (fiat money) online casino is readily available in all Nigerian bitcoin casinos.
Every registered customer is encouraged to claim bonuses or redeem bonus codes offered by almost every bitcoin casino. These bonuses tend to feature higher bonus percentage than fiat money based bonuses. For example, a welcome bonus can match a deposit up to 3–5 bitcoins or higher. The same is true for other reload bonuses. In some mainstream casinos, there is a two-level welcome package which applies first to a deposit with conventional currencies and then to a bitcoin deposit, thus allowing for double bonus claiming. Nearly all top bitcoin casinos listed on this website boast of comprehensive bonus programs with user-favorable terms and conditions.
Provably fair games
Some NG gamblers express concern about malpractices used by some rogue casinos that allegedly manipulate game outcomes. In case of bitcoin casinos, many of them have provably fair games, meaning players themselves can verify integrity of any slot spin, roulette round or blackjack card deal by using a simple validation tool provided in these casinos. Each bitcoin casino that has the tool provides instructions on how to check the game results and rest assured nothing is wrong with the gaming process in the selected NG casino. Not having a Provably Fair feature does not make a bitcoin casino a scam but with this feature, the online casino is an absolute safe haven for NG gamblers.
Free BTC in bitcoin casinos
As an efficient incentive to register and play regularly, some bitcoin casinos offer a free source of BTC known as bitcoin faucets. Their operation is based on different principles. Some release a small amount of bitcoins (a few dozen satoshis) at regular intervals and all a player needs to do is to open a dedicated page in the casino and click a button to take the crypto. Others (especially new casinos) have organized a kind of raffle that draw hard cash or bonuses regularly. Anyway, the list of top casinos found here contains several gambling sites with bitcoin faucets. The BTC giveaways are free and are transitioned to a player’s account without any wagering needed.
Bitcoin gambling is legal in Nigeria
Some NG gamblers bring up fears about legality of bitcoin gambling. Actually, online casinos in general are not subjected to any kind of restrictions in Nigeria, that is why BTC gambling is absolutely legal in that country. Bitcoin is just a payment method much like credit cards or ewallets, from the legislative standpoint. Maybe in future, some jurisdictions will separate bitcoins into a dedicated legal framework to regulate gambling but today it is fully legal in Nigeria.