Online Casinos in the UK Offering Bitcoin
Online gambling in the UK is a duly regulated activity, enjoyed by millions of players for years; but so is Bitcoin gambling. There are laws in the country that regulate cryptocurrencies, and since Bitcoin is a digital currency that can legally be offered by operators, you’ll find hundreds of UK Bitcoin casino sites to explore.
If you’ve never used crypto across online casinos in the UK, but you'd like to try, in this article, you'll receive all the information you need about it. Why choose to play using Bitcoin across UK online casinos?
The Legality of Cryptocurrency in the UK
Compared to other countries where online gambling is legal and regulated but cryptocurrencies are not, Bitcoin is regulated in the UK. Not so long ago, the UK Parliament approved crypto and stablecoin laws, so now the coins are overseen by the UK's Financial Conduct Authority (FCA). But just like the case with online gambling, the rules are tough and businesses which are offering cryptocurrencies are overseen at all times and need to comply with AML requirements, plus register with FCA, in accordance with the MLR. So, the situation with crypto is not loose but regulated to the point.
This goes to your advantage as an online casino player, because each time you join a UK-licensed online casino, you'll know that your entire crypto gambling experience will be safe, duly regulated. On that note, online gambling is an activity regulated long ago in the country, ever since gambling first went online. With the Gambling Act 2005, UK-regulated online casinos, which in return, have to obtain an online gambling license from the UK Gambling Commission. The UKGC is one of the strictest and most respected gambling regulators, appreciated by both operators and players worldwide, not only in the UK. Playing at a site licensed by the UKGC, you can rest assured that you’re playing at a perfectly legit site.
Considering that both online gambling and crypto are regulated in the country, as a UK player, you can enjoy both. You can join any UKGC-licensed online casino that offers BTCs and make your deposits and withdrawals whenever it works for you. Before you do, however, make sure you continue reading, to figure out how to get started with the crypto and use it across numerous UK casino sites.
How to Use Bitcoin at an Online Casino?
We'll assume you're new to crypto gambling and a UK player, so bear with us even if you do know some of the steps you need to take, as we need to guide you through them all. Our aim is to guide both new and existing crypto users and allow both to experience a seamless crypto online gambling time.
So, the first thing you need to do is purchase some coins. You’d need to look up several exchange platforms that offer BTC, and considering almost all do, just pick the one that would work best for you, offering the lowest fees and best terms. Good options are Binance, LocalBitcoins and Coinbase, to name a few, but many others are catering to UK users, so you can explore others, too.
Once you’ve made your decision on the exchange to go with, create your profile with it and link a payment method to it, to be able to pay for your purchase. You can buy your coins at any exchange using standard cards, mobile payment solutions, eWallets and prepaid cards, for instance, as all exchanges give you enough payment method choices for you to pick from. Complete the purchase as you’d usually do, and you’ll have your coins ready to be used via your exchange profile or to be transferred to a Bitcoin wallet.
Just like the case was with exchanges, there are plenty of crypto wallets you can consider creating an account with to store your coins. TrustWallet is an awesome option, but MetaMask is popular with UK users, too. As soon as you create your account, you’ll receive the private and public keys, which are your addresses made of digits and letters, that you need to keep safe and away from third parties. You’ll be using them when making transactions with your coins, as we’ll explain next.
Once you have the coins on your profile, you can start using them across online casinos. The next step you need to make is to choose a legit UKGC-licensed online casino. Hundreds of options are at your disposal since many operators licensed in the UK chose to embrace Bitcoin. So, just select the one that offers the games you’d like to play, and Bitcoin as a payment method, and register your account with it. To make a deposit with BTC, go through these steps:
- Head over to your chosen casino’s Banking/Deposits page and choose Bitcoin.
- In the pop-up, you’ll see the casino’s key displayed, so copy it.
- Enter your crypto wallet in a different tab, paste the casino’s key and specify how much you’d like to deposit on your casino balance.
- Double-check the details and confirm the transaction.
- In an instant, the coins will reach your balance.
Deposits with Bitcoin are processed in just a few minutes, but so are cashouts. That’s why this is one of player-favourite, best methods for withdrawals. You’d need to choose it from the Withdrawals page and go through the same procedure, this time pasting your wallet key in the designated field and specifying how much you’d like to withdraw. Once the request is confirmed by the operator, the coins will reach your crypto wallet instantaneously.
The Best 3 Payment Methods that Offer Bitcoin Across UK Online Casinos
What you read so far is the basic way of getting started with Bitcoin and the one you'd need to go through to use the crypto for any kind of payments and purchases online, not only transactions across online casinos. But to use it for deposits and withdrawals specifically, there’s another way you could consider. In case you want to save time and you already have an account with one of the following payment methods, you can still use BTC for your transactions across UK casinos. These are some of the best local and global payment methods that offer Bitcoin, accepted across hundreds of UK casino sites, so check them out:
- Mifinity – Mifinitiy is a global eWallet designed and owned by a UK-based company with the same name, which has over 15 years of experience in the online payments industry. Licensed by the FCA itself, Mifinity gives you the chance to use BTC for your transactions, in addition to multiple fiat currencies, including GBP, of course. It is insanely easy to get started with and use, but what’s most important, it is offered at a growing number of UK casinos – the perfect combo for you to take advantage of!
- AstroPay Card – Operating for almost 15 years, the UK-based company AstroPay Global Corporation LLP Group went global with the virtual prepaid card that you can find across most, if not all, online casinos, both local and global ones. With the launch of the eWallet solution, too, the company behind it made a real boom in the online gambling industry, mainly because it introduced the cryptocurrency functionality. That’s why today, you can purchase your card and use your eWallet in several cryptos, Bitcoin included.
- Quickbit – Even though based in Sweden, Quickbit is a global eWallet that has reached the UK market, too. It is unbelievably crypto-friendly, designed to guide anyone new in crypto in how to easily and effortlessly purchase coins and use them for all kinds of payments and purchases, online casino deposits and withdrawals included. That’s the reason why you’ll find it listed among the top payment methods across UK casinos, and that’s the reason why you need to consider using it yourself.
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FAQs
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