Bitcoin Gambling – Gambling Dapps Account for 33% of All Dapps Globally

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A new report by InsideBitcoins.com reveals that 33% of all Dapps are in the gambling category.

The decentralized application (dapp) market continues to expand around the world. According to data provided by Dappradar, there are 2760 dapps globally.

Most of them are related to crypto gambling services allowing users to spend cryptocurrencies in casino games and other gambling activities.

Decentralized applications are applications that differentiate themselves due to the fact that they run on top of a distributed computing system. Some of these networks can be Ethereum, Tron or EOS, among others.

Dapp Market Continuously Growing

The whole cryptocurrency market shows it is being developed by a diverse group of experts in different projects. The dapp industry remains healthy and it is an example of how core developers continue working on a wide variety of initiatives.

As reported by Dappradar, of the 2760 dapps globally, 924 of them are related to the crypto gambling industry. This represents over 33% of all the decentralized applications that were released on different networks. Meanwhile, 1836 represent other categories.

The data shows dapps working on top of Ethereum (ETH), Tron (TRX), Loom Network (LOOM), ThunderCore, NEO, EOS, IOST, Ontology (ONT) and VeChain (VET).

At the same time, Dappradar tracks 2,747 decentralized application that handled $17 million in trading volume in the last 24 hours, running 13,293 smart contracts and handling 57,552 users during the same period.

There are only two decentralized applications among the top ten (in terms of users) that are based on top of Ethereum, these are My Crypto Heroes with 3,100 users and MakerDAO with 1,500 users.

Tron has seven decentralized applications among the top ten followed by EOS with just one dapp called EOS Dynasty and 2,200 users.

The top three dapps are TronHives with 3,500 users, followed by the aforementioned My Crypto Heroes and its 3,100 users and WINk with 2,300 individuals using it.

40% of these top 10 dapps in terms of users are related to gambling, 20% are exchanges, 20% are games, and “High-Risk” and “Other” categories have 10% each.

Things look different if we pay close attention to the number of transactions. For example, among the top ten there are no Ethereum-based dapps.

WINk takes the first place with over 351,000 transactions followed by Bluebet, a gambling dapp on EOS with 177,900 tx, and BigGame, also based on EOS with 168,000 tx.

Surprisingly, IOST is present among the top ten with a gambling application called IOSTWin with 206 users and 90,200 transactions.

The surprising fact about this is related to a large number of dapps that are used by users to gamble. 8 out of the top 10 dapps in terms of transactions were gambling dapps. There was also an exchange dapp (WhaleEx) and a Game dapp (PROSPECTORS).

Top 10 dapps by the number of transactions. Source: Dappradar.com

It will be very important to see in the future how the market will evolve and how these dapps follow the trend.

Developers continue to work on solutions to make the whole cryptocurrency ecosystem a more attractive place for individuals and companies, which would eventually have a positive effect on the variety and number of dapps released to the market.

Bitcoin is the world’s leading cryptocurrency. With all cryptocurrencies, you can send money directly to an online casino over the internet without the need to involve banks or other financial services providers at all. It’s your money after all – who are they do dictate what you can do with it, as long as you’re not up to no good!

Sadly, as yet not all online casinos are keen to commit to the Bitcoin gambling revolution, but there are quite a few who are. In our bitcoin casino guide, we will give you a detailed rundown of the top 10 Bitcoin Casinos for 2019, ranked by bonus, games, license and more!

Be gambling aware
There are organisations you can use if you feel that your gambling is having a detrimental effect upon the rest of your normal life. These include sites such as GamCare and Gamblers Anonymous.

What is a bitcoin casino?

Quite simply, a Bitcoin casino is simply a casino that accepts the use of Bitcoin as a payment method. With bitcoin casinos, you don’t need to go through an exchange to buy bitcoin. With Bitcoin, you send your currency directly over the internet without any need to use a bank or financial services provider. If you find it tricky to fund your online gambling, then an online Bitcoin casino is the solution you are looking for.

Some online casinos accept cryptocurrencies other than Bitcoin, but Bitcoin is still the most popular cryptocurrency that crypto casinos accept.

How do BTC casinos work?

Your Bitcoins (BTCs) are stored in a piece of software known as a wallet. You may have a BTC wallet on your PC or laptop, but more commonly these days your BTCs are stored in the cloud. A Bitcoin casino UK site, for example, will have its own Bitcoin wallet. To fund your play, you simply go through the transaction process of moving your Bitcoins to the online casino’s Bitcoin wallet.

You can buy Bitcoins using traditional methods such as credit and debit cards, but once you have them, you are free to use them to pay for anything at a retailer or service provider that accepts them.

How to use a bitcoin casino : bitcoin betting tutorial

Check out the tutorial below to find out how to use a bitcoin casino, from how to deposit with bitcoins, to how to play, claim your bonus and withdraw your funds in bitcoin or real money.

Where can I get bitcoins from?

The first thing you need to obtain Bitcoins is a Bitcoin wallet. This is a piece of software that keeps a record of how many Bitcoins you have and provides a means of transferring your Bitcoins to a merchant or services provider.

You don’t really ‘buy’ Bitcoins – you exchange them for your native currency or any currency that you can access. You can do this through a cryptocurrency exchange – there are countless of them, and these are essentially sites where you can ‘buy’ or exchange your Bitcoins.  When you exchange, you provide details of your Bitcoin wallet and once the exchange is complete, your Bitcoins will then appear in your wallet.

Bitcoin casino list 2019

We found the following bitcoin casinos to be legit, and to offer fantastic welcome bonuses, variety of games and customer service.  Click on the links below to read their individual reviews.

How can I find a bitcoin casino in my country?

UKUSAustralia

Best Bitcoin Casinos for UK customers

There are plenty of Bitcoin casino UK sites for online casino players based in England, Scotland, Wales or Northern Ireland. Our pick of the best of the crypto-bunch are FortuneJack, EuroGrand and mBit Casino.

 

Best Bitcoin Casino USA

While there are many online casinos that accept US-based customers, those same customers may experience a few problems in getting money into their accounts, simply because major US financial institutions are typically reluctant to deal with companies that permit online gambling. There is a solution though – Bitcoin or BTC Casinos. If you are a US-based online gambler, then you need to check out Bitstarz, CloudBet and the MonteCryptos casino.

 

Top-Rated Crypto Casinos for Australia and New Zealand

While Aussies and New Zealanders don’t have the problem with funding their online casino play that US-based casino players face, then don’t enjoy the same kind of freedom that players in the UK have, for example. Again, one of the major reasons for this is the problem with getting their online casino accounts funded.

As previously explained, the best solution here is to bypass banks and eWallets and send money directly via Bitcoin. Some of the top-rated crypto casinos for Australia and New Zealand include 7Bit, PlayAmo and Slotocash.

Are there any casinos offering completely free bitcoins?

If you are lucky, or if you hunt hard enough, you may find an online Bitcoin casino that offers you free Bitcoins. Don’t think this is the way to riches, though … you will only be offered a minimal amount of Bitcoins (or rather mBTCs or millibitcoins), and you will only be able to use them at the online casino that offered you them, and nowhere else.

It’s a great way to get your Bitcoin casino experience off on the right track, though!

What is a bitcoin casino bonus?

The most common type of deal you will find at any cryptocurrency casino will be a sign-up bonus. Here, you will find that the initial deposit that you make with the BTC Casino will at least be matched with bonus cash. Some deals will even double or triple the amount of your sign up bonus.

Your bonus cash cannot be withdrawn, though – you can only use it to play on the slots and games that are available. You usually are free to withdraw winnings, though.

What is a bitcoin casino no deposit bonus’?

Regular frequenters of online casinos will no doubt be familiar with the concept of a ‘deposit bonus’. Typically, this is a bonus where you get an amount of bonus cash as a reward for making your first-ever deposit at an online casino.

If you find a Bitcoin casino with a no deposit bonus, then you can earn yourself some bonus money simply by signing up at the casino – you do not have to deposit any amount of your own cash.

Don’t get over-excited though. Such offers are usually small and come with pretty fiendish wagering conditions. A no deposit bonus though is the best way of evaluating an online casino before parting with your own, hard-earned cash, and you never know – you might just get lucky!

Can I receive bitcoin casino free spins?

Image result for free spins

Head to any online casino these days and you’ll immediately be aware of a single, undeniable truth – the number of video slots available will quite simply significantly outnumber any other type of online casino game. That’s why a free spins Bitcoin casino deal is such a good one; you can earn yourself free spins that you can use to try out any of the slots at the casino.

Some free spins Bitcoin deals come with the requirement of making a deposit, and some do not. Usually, any free spins winnings are paid to you as bonus cash, meaning that they come with wagering expectations. A free spins deal is always a good one though, and if you can hunt one out it’s more than worth your while to take advantage of it.

How can I get the biggest payouts on a btc casino?

Everyone dreams of making a wedge of cash at a BTC casino but few actually achieve this. The best way of doing so is by looking for the best Bitcoin casino with a progressive slot. With progressive slots you do have a genuine chance of winning a huge amount of cash.

Every time someone pays money into a progressive slot like Mega Moolah or Major Millions a small percentage is held over to create a rolling jackpot. Such online slots are linked so that multiple players across multiple casinos all add to the jackpot. This jackpot builds and builds until, finally, someone wins it. People in the past have won millions with a tiny stake when using a progressive video slot.

Progressive slots pay out their mega jackpots typically when a certain, rare configuration of the reels is triggered, or purely on a random basis. If you dream of a big, life-changing payout, then you ought to try playing a progressive slot.

What is a wagering requirement?

You also need to be aware of the concept of wagering requirements. This is a minimum amount of wagering you need to do before you can cash out any winnings from your bonus. For example, if you havea $100 bonus with wagering requirements of ‘35 times’ then you will need to wager $3,500 before you can cash out your winnings.

Note that this is the amount you need to WAGER, not SPEND. You will not lose every time you place a wager on a slot or casino game and indeed you could end up winning more than you lose.

Conclusion

If you want to – or need to – avoid the hassle of dealing with banks and other financial service providers when it comes to online gambling, then Bitcoin casinos are where you need to be heading to. Stick with us at Inside Bitcoins and we’ll make sure you are educated in the ways of Bitcoin Gambling, and how to find the best crypto casinos.

FAQs

Is Bitcoin gambling legal?

Bitcoins and gambling (including online gambling) are two different things entirely. Bitcoin is a cryptocurrency that exists as software only and can be used to pay for goods and services at any retailer or company that accepts it.

As long as you are of the legal gambling age in your jurisdiction, and you are in a jurisdiction where online gambling is not illegal, then you are free to use Bitcoin as a means of funding your online gambling account.

Can I use Bitcoin for gambling in the US?

A. Bitcoin casinos are very popular in the United States. The legislation around online gambling in the US is very murky – one interpretation is that while is not strictly illegal for US-based citizens to wager at an online casino, sportsbook, slots site etc, it IS illegal for financial institutions to be used as a means of bypassing such institutions in order to fund any online gambling activities.

As long as you find an online casino that has a licence which allows US-based players to play there, and the casino accepts Bitcoin as a currency, then you are absolutely legit.

Can I use Bitcoin for gambling in the UK?

You absolutely can! If you are based in the UK then, legally, you are permitted to gamble online at any casino or sports book that holds a UKGC (UK Gambling Council) licence. You do not need to worry about anything else.

If the site accepts Bitcoin then you simply use Bitcoin to fund your gambling activities as you would by using a credit or debit card or a popular eWallet provider such as PayPal, Skrill or Neteller.

Can I use Bitcoin for gambling in Australia and/or New Zealand?

Licensing for Australia or New Zealand online casinos is not as strict as it is for US players, but then again it is not as lenient as it is for UK-based players. If you are based in Australia or New Zealand then you may find it hard to find a suitable casino, but it is certainly not impossible.

Naturally, if you want to fund your playing using Bitcoin then you will need to find yourself a suitably-licensed online casino that accepts cryptocurrencies.

Is Bitcoin anonymous?

Currently, you can use Bitcoin anonymously. Bitcoin is the internet equivalent of hard cash – just like you do not need to provide personal information every time you use cash over the counter at retailers, you do not need to provide any personal information to use Bitcoin.

You may, of course, be required to give some aspects of personal information when you sign up at a leading Bitcoin or cryptocurrency casino.

How do I know that a Bitcoin casino I am playing at is fair?

If you stick with Bitcoin Casinos that have proper licensing, then you will know that they are fair. All such casinos need to maintain fairness in order to maintain their licences.

All software at a Bitcoin Casino is usually from third-party vendors anyhow such as NetEnt or Microgaming. These companies have their software independently audited for fairness in order to gain a decent reputation for themselves. No online casino wants to lease software from disreputable vendors!

Remember, all trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.

About Patrick Webber

A cryptocurrency and trading writer and editor, I specialise in algorithmic trading. I’ve written about every type of automated trading tools - from cryptocurrency robots, binary option robots, down to robo advisors. My goal is to write honest reviews about automated trading tools in order to help users understand which software are trustworthy and which ones they should stay away from. I am constantly analysing and scrutinising the up and coming trading apps so if you are seeking advice or if you would like me to write a robot review in particular don't hesitate to get in touch – I’m happy to help!

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