Before we start I want to point out that I don’t really like to play with Bitcoin or any other crypto currency for that matter. But I had a lot of requests for instant withdrawal Bitcoin casinos, so I had to come up with a list.
This wasn’t an easy task for me. I had to do a lot of research in order to get it right. I managed to create this guide about Bitcoin casinos as you asked, and I will also tell you some things about Bitcoin slots sites as well.
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What is considered an instant withdrawal?
When we talk about instant withdrawals we have to get one thing straight. The term may be instant but in reality this is not the case. In most cases once you make a withdrawal request it’s processed by a member of the casino payment team. This means that the withdrawal and your game play needs to be manually checked before the payment is released. It’s very rare to have your withdrawal processed automatically and instantly at online casinos. This is done only in cases when you play with a pure deposit and your game play is not flagged as suspicious by the casino software.
So in most cases instant withdrawals are the ones which are processed within a couple of hours. But when it comes to a Bitcoin casino with instant withdrawal things are a bit different. In many cases even the deposit can take up to an hour to arrive on your casino account. This is so because the transaction needs to be confirmed on the blockchain at least once. Some casinos require 2-3 confirmations or even more. So, a Bitcoin casino instant payout feature is simply not possible. Even if the withdrawal is released immediately it will take some time for it to be confirmed on the blockchain and to arrive on your wallet.
Why do casinos delay payments?
Even at quick withdrawal Bitcoin casinos players can run into problems when it comes to payouts. This can be due to several factors. If you’re playing there for the first time the online slot site will need to verify your account, so you need to send in your documents. The payout timeframe can also depend on the type of crypto currency you are using. And last, but not least, you could be playing at a scam site so your withdrawal may never arrive.
Are instant withdrawal Bitcoin casinos safe?
The first thing I need to point out here is that there are 2 types of instant withdrawal Bitcoin casinos you can play at. Some operators can pay you your winnings through their platform and others will send them directly to your Bitcoin wallet. So it’s better to get your coins safely in your wallet, so you can do with them what you please.
When it comes to security it’s basically the same like for any other online casino. When playing at instant withdrawal Bitcoin casinos you need to choose reputable operators. This can be easily seen by their operating license. If you’re playing from the UK the casino will need to have a valid UKGC operating license. You can also easily check the casino rating across different gambling forums.
Nothing speaks for a casino as honest opinions by real players. So when you come across some Bitcoin casino which you like do your research. See what players have to say about them, what their operating license is and check their overall reputation across gambling forums. If you like what you see you can create an account and try your luck on the casino games.