Best 10 Bitcoin Live Casinos in Cyprus

Even though Cyprus is yet to declare bitcoin a legal tender, many residents use it as a form of exchange. No law prohibits its use. Cyprus, however, does not allow online gambling, so it is even more important to use a virtual currency to play anonymously. Bitcoin casinos have given the gambling industry in Cyprus a completely new dimension by eliminating geographical restrictions. The sheer number of bitcoin live casinos makes it difficult for players to determine which is the best. This leaves many punters unsure of where to place their wager. Luckily, an expert guide comes in to demystify the conundrum. This page constantly reviews and updates bitcoin casinos to give Cypriot players the best experiences. Live dealer online casinos listed here are rated according to bonus sizes, security, fairness, wagering requirements, and user reviews.

Best 10 Bitcoin Live Casinos in Cyprus
About BitcoinBest Live Casinos with Bitcoin
About Bitcoin

About Bitcoin

An electronic currency known as bitcoin was invented in 2008 and officially launched in 2009. The origin of bitcoin is explained in a white paper issued under the pseudonym, Satoshi Nakamoto. The presumed bitcoin inventor is said to be a computer scientist from Japan. Bitcoin allows the user to make payment at an online live casino with their mobile devices in a few steps. No sign-up, PIN, or swiping of a card is involved. All the punter needs is to display a QR code in their bitcoin wallet app and let the live casino scan it.

All bitcoin payments are secured by cryptographic signatures so that no third party can figure out the transaction details. As such, deposits and withdrawals in bitcoin are strictly between the player and the live casino. As long as the punter takes the necessary measure to protect their wallet, bitcoin offers them full control of their funds plus robust security against online fraud. The best part of using bitcoin is that it works anywhere and anytime. Also, gamblers don’t need to use the same software or bitcoin wallet as the casino. A bitcoin address is all that’s needed to make transfers.

Bitcoin runs under blockchain technology whereby no banks are involved. There are no extra fees for sending and receiving money internationally. Customers can control how much they are charged when they spend bitcoins through their wallets. There’s no correlation between the amount in the transaction, so one can send 100 BTC for the same fee that would cost to send 5 BTC. The default fees are reasonable and higher charges usually encourage faster verification. Plus, there are no limitations on the amount users can send to a live casino or withdraw.

About Bitcoin
Best Live Casinos with Bitcoin

Best Live Casinos with Bitcoin

Before registering at a bitcoin casino site to play live games, bettors need to buy bitcoin. After owning enough digital coins, then the player can make a deposit and place wagers. Here’s how to acquire bitcoins.

  • Getting a digital wallet: A bitcoin wallet is where the digital currency BTC is stored. Simply put, it is a bitcoin bank through which the player receives money and pays with it. Free bitcoin wallets work on mobile and desktop devices. Those who are interested are required to create an account with their personal details.
  • Purchasing bitcoin: Once the wallet is ready, the user can buy BTC through a crypto exchange or peer-to-peer trading platform. It is recommended to do some research before picking an exchange service in order to get the best price. Most people purchase bitcoins with their online banking or credit card accounts. Once the buyer provides their bitcoin wallet, the transfer finalizes within minutes.

Depositing with Bitcoin at Live Casinos

Cypriot players will be pleased to know that many bitcoin casinos do not need user registration. Even those requiring sign-ups have simplified the process to give customers the best user experience. Below is a step-by-step process to deposit funds at live dealer online casinos with bitcoin.

  • At the casino site, choose a live game and click play

  • The casino redirects the player to a payment page

  • Choose bitcoin as the method of funding bets

  • A new window with the casino’s bitcoin address will show up

  • Copy the wallet address and paste it into the designated section of your wallet

  • Fill in the exact amount of bitcoin to send and hit the payment key

    It takes a couple of seconds for the money to arrive in the live casino. Many bitcoin casinos provide a special bonus for new players. Bitcoin-specific live games are also available. The minimum amount of BTC to deposit is set by the casino, so it is good to check in advance. Failure to deposit enough bitcoins can lead to a loss of sign-up bonus. A few platforms provide a no-deposit bonus to encourage punters to play their live dealer games.

Best Live Casinos with Bitcoin