If you’re looking for the most secure form of online gambling that is backed by tamper-proof Provably Fair technology, then it is well worth considering Bitcoin Dice. In a nutshell, the online game allows you to bet on the outcome of a cryptographically-generated dice. In doing so, you no longer need to worry about the casino playing fair, as each and every gaming outcome can be transparently verified for its fairness.
If this sounds like something that you’re interested in exploring further, be sure to read our comprehensive guide on Bitcoin Dice. On top of providing you with the top 5 Bitcoin Dice sites, we also explain how the game works, why it’s the safest form of online gambling, and how you can get started today.
- 1 The best 5 Bitcoin dice sites in 2019
- 2 What is Bitcoin dice?
- 3 How does Bitcoin dice work?
- 4 Is Bitcoin dice fair?
- 5 Are Bitcoin dice sites safe?
- 6 How do I choose a Bitcoin dice site?
- 7 How to register and deposit funds at a Bitcoin dice site
- 8 How do Bitcoin dice bonuses work?
- 9 FAQs
- 10 Do I have to claim a Bitcoin dice bonus when signing up?
- 11 How long does it take to register at a Bitcoin dice site?
- 12 What is the minimum deposit amount at a Bitcoin dice site
- 13 Are deposits and withdrawals at Bitcoin dice sites free?
The best 5 Bitcoin dice sites in 2019
What is Bitcoin dice?
In its most basic form, Bitcoin dice is an online gambling game that allows you to bet on the outcome of a virtual dice. Depending on the platform hosting it, players simply need to decide whether the dice will land on a number higher or lower than a pre-defined number. We say pre-defined, as players get to choose their own stake. For example, if the dice ranges from 1-100, and you choose 50 as your chosen number, you then need to choose whether you think the dice will be higher or lower than 50.
One of the key attractions to the game is that the outcome is generated by cryptography – meaning that players can be 100% certain that each and every gaming outcome is true, fair, and statistically random. The first-ever Bitcoin dice game – known as ‘SatoshiDice’, came to fruition in 2012. The game became an instant hit with fans, as for the first time ever, online players could guarantee beyond all certainty that they could not be cheated by the online casino.
In order to achieve this, the anonymous team behind SatoshiDice created an innovative protocol known as ‘Provably Fair’. Backed by blockchain technology, Provably Fair is the key mechanism that not only guarantees that the outcome of each roll is fair, but that the results can be independently verified by anyone that wishes to do so.
Although SatoshiDice was subsequently sold to a private investor, the original platform is no longer around. However, the instant success of the game inspired a number of crypto-centric casinos to offer Bitcoin dice as part of their wider gaming suite.
How does Bitcoin dice work?
Before you start playing Bitcoin dice, it is crucial that you understand how the game works. In order to help you along the way, we have provided a simple step-by-step guide on all of the things that you need to consider.
1. Choose your starting number
As we briefly noted earlier, each dice will have a fixed amount of numbers. While a traditional dice only has 6 numbers (1-6), Bitcoin dice typically have a lot more. On average, we find that most Bitcoin dice platforms range from 1-100, meaning that there is a total of 100 possible outcomes.
One of the best things about Bitcoin dice is that you get to set your own stakes. By this, we mean that you get to choose to ‘Centre-Point’ of your high-low endeavors.
Let’s take a look at a few examples so that you understand how it works.
✔️ Example 1: 50/50 Gamble
If you are the type of player that likes to bet on a 50/50 outcome, then you can achieve this with ease when playing Bitcoin dice. Let’s say that the Bitcoin dice platform hosts a dice that ranges from 1-100. As there are 100 possible outcomes, you could set the ‘Centre-Point’ at 50. This means that irrespective of whether you bet on lower or higher, the chances of you winning are 50/50.
✔️ Example 2: High-Risk Game
If you’re not interested in a 50/50 gamble, you can adjust your ‘Centre-Point’ number to suit your appetite for risk. If you’re looking for that big win, you might decide to set the dice number at 90, and then gamble that the dice will land on a number of 90 or more. This would mean that your chances of winning are just 10%, albeit, the odds would be reflected in this.
✔️ Example 3: Low-Risk Game
Sticking with the same example as above, by setting the dice at 90, you could go the other way and gamble that it will land on a number of 89 or less. In this respect, your odds of winning would be around 90%, not least because the only way that you could lose is if the dice lands on a number between 90-100. However, you would be gambling at very low odds, as your chances of winning are significantly high.
2. Assess the odds
So now that you’ve set your ‘Centre-Point’ number, you now need to assess the underlying odds of that particular roll. This is really important, as this will determine how much you are able to win on your respective roll. The odds will automatically update as you change the middle number of the dice. As you’ll see from the example below, we have selected a range of 88.
This means that if the dice falls between 0-88, we win. If the dice falls between 89-100, we lose. The odds of this particular bet are 1.115, which represents a winning probability of 88.77%. This means that by staking $100, we would win a total of $111.5.
In the second example that we have provided below, we have set our betting parameters at 19. This means that should the dice land on 19 or below, we win. If it lands between 20-100, we lose. As you’ll notice, the odds are heavily stacked against us, as the winning percentage has been reduced to just 19.01%. However, at the same time – our odds have increased to 5.208. This means that by placing a $100, we stand the chance of winning a total of $520.80.
3. Enter your stake
So now that you have set up your betting parametres, you now need to decide how much you want to stake. In the vast majority of cases, Bitcoin dice platforms will base everything on mBtc, as opposed to BTC. While it would be easier if platforms converted everything to USD (like they do with Bitcoin casino games), this isn’t the case with Bitcoin dice.
Nevertheless, once you enter your mBtc stake into the stake box, your potential winnings will update. As you’ll see from the below example, we are staking 200 mBtc. This means that if we win, the bet will return a total of 1041.6 mBtc.
4. Roll the dice
Now that you have chosen your odds and entered your stake, you are now ready to place your bet. All you need to do is click on the ‘ROLL’ button, and the platform will perform its magic. Behind the scenes, the underlying cryptographic protocol will randomly generate a number, which you’ll be able to see on-screen. If your guess was correct, then the funds will automatically be added to your platform balance. If it loses, the stake is kept by the casino.
Is Bitcoin dice fair?
In terms of fairness, it doesn’t get much better than Bitcoin dice. The overarching reason for this is that Bitcoin dice is backed by Provably Fair. In its most basic form, this ensures that each and every bet is generated in a random manner, and that the casino cannot manipulate the outcome. Moreover, Provably Fair is also transparent, meaning that players can check the legitimacy of each roll.
It is important that you understand how Provably Fair works, rather than just taking our word for it. As such, we’ve presented a simple explanation below.
- You have set your Bitcoin dice betting parameters up, and you click on the ‘ROLL’ button.
- Your chosen Bitcoin dice site will then create a seed number cryptographically. Once hashed, the seed is then sent to you.
- Without you knowing, you as the player will then add your own seed.
- The two seeds (yours and the casinos) will combine to generate a random number.
- This random number then represents the outcome of the dice.
- Regardless of whether you win or lose, the seed outcome is sent to you.
- You can then verify the authenticity of the dice game by checking the seed.
Due to the sheer complexities of the Provably Fair protocol, it is virtually impossible for the outcome to be pre-defined by either the player or the casino. This is the same way that Bitcoin transactions cannot be overridden or amended.
Are Bitcoin dice sites safe?
So now that you know that Bitcoin dice games are extremely safe and secure – and that the outcome is guaranteed for its fairness, what about the platform itself? The truth of the matter is that the vast majority of the Bitcoin gambling industry is largely unregulated.
This presents a number of problems for you as the player, as there is effectively nowhere to turn in the event that the platform ceased to exist. You would also be stuck if the platform decided not to pay you out. In this sense, while the Bitcoin dice game itself is safe, there still needs to be an element of trust.
With that being said, there are a number of things that you can look out for when assessing whether or not a Bitcoin dice site is safe.
???? Established: Your first port of call should be the assess how the long the platform has been operational for. Platforms such as Betchain and FortuneJack have been around since 2013 and 2014, respectively – so they have years of reputation in the space. On the other hand, you should be careful with platforms that were only launched recently, as the casino will not have a long-standing track-record to speak of.
???? Reputation: The only way to evaluate the reputation of a Bitcoin dice site is to research the platform online. Your best bet in this respect is to use popular forums such as Reddit. If you search for the casino’s name, there should be a number of threads that discuss the platform. If you notice that similar complaints are repeated by multiple players, it might be a warning sign that the platform cannot be trusted.
???? Provably Fair: At an absolute minimum, you need to make sure that the Bitcoin dice website uses Provably Fair. This is really important, as you can also play dice-style games online that are backed by centralized software, as opposed to cryptography and blockchain technology. Moreover, you also need to ensure that there is a way for you to verify the Provably Fair data, otherwise, there would be no way to check that the casino was actually using it.
How do I choose a Bitcoin dice site?
With dozens, if not hundreds of Bitcoin dice sites now in full swing, choosing a platform is no easy feat. The main thing to remember is that each casino will have its own pros and cons, so you should assess what you are looking for from a Bitcoin dice site. For example, are you looking for a site that offers huge bonuses, or do you prioritize withdrawal speeds over everything else?
Whatever it is that you are looking for, we’ve listed the main factors that you need to consider below.
✔️ Deposits and Withdrawals:
We would suggest that you only pick a Bitcoin dice site that offers instant deposits and withdrawals. When we say instant, we mean that deposits are credited after 1 blockchain confirmation, and withdrawals are processed automatically by the Bitcoin dice site. This is one of the best things about gambling with Bitcoin, as traditional fiat casinos typically require at least 3 working days before you’ll see the funds.
✔️ Bonuses and Promotions:
It is also important to assess what kind of bonuses and promotions the Bitcoin dice site offers. As we will discuss in more detail further down, most, if not all Bitcoin dice sites will offer you a welcome package when you first register an account. This allows you to boost your gambling bankroll when you first get started, so it’s well worth considering. You should also stick with Bitcoin dice sites that offer ongoing bonuses to existing players.
✔️ Non-Dice Gaming Suite:
Although your main passion in the online gambling space might be Bitcoin dice, there may come a time where you want to play something else. If this is the case, you’ll want to choose a Bitcoin dice site that has a fully comprehensive gaming suite. This should include table games such as blackjack and roulette, slots, jackpots, video poker, and live dealers.
✔️ Customer Support:
Often overlooked, you should also make some considerations regarding customer support. As Bitcoin dice websites typically operate on a boardless basis, it’s likely that the proprietary contact channel will be live chat. This is fine, as it ensures that you are able to get support around the clock. However, make sure that the customer service team operates on a 24/7 basis. Moreover, if English isn’t your first language, check to see whether support is offered in your native tongue.
How to register and deposit funds at a Bitcoin dice site
If this is the first time that you’ll be playing Bitcoin dice at an online casino, then we would suggest following our simple step-by-step guide.
Step 1: Choose a trusted Bitcoin dice site
Before you get started, you’ll need to decide which online casino you want to play Bitcoin dice at. You can review the 5 top Bitcoin dice sites that we discussed above, which will allow you to make an informed decision based on your individual needs.
If your chosen casino is not listed within our list of top 5 platforms, then you should still do your homework. Make sure that the casino is established, and that its reputation in the online space is positive.
Step 2: Open an account
So now that you’ve decided which Bitcoin dice site that you want to use, you’ll then need to open an account. The process is largely the same regardless of what Bitcoin dice site you use. However, we’ve decided to show you the process with 1xbit, just so you can follow our walkthrough with ease.
All you need to do is click on the ‘REGISTRATION’ button, enter your email address, choose a strong password – and you’re done! This is completely different from opening an account with a traditional casino, as you would be asked to provide your full name, address, date of birth, social security number, and more.
Step 3: Deposit funds
Now that you’ve got your account set-up, you’ll now need to deposit some funds. As you’ll be playing Bitcoin dice, you’re best off depositing with Bitcoin. However, as most Bitcoin dice sites now accept other cryptocurrencies too, you can easily deposit with another digital coin. Once you do, the platform will simply convert the balance to mBtc.
At the top of the screen, click on the green ‘DEPOSIT’ button. The deposit box will then pop-up. By default, the deposit currency is Bitcoin. If you do want to use an alternative digital currency, then scroll down and click on the one you want.
Next, copy your unique Bitcoin deposit address, and then head over to your private wallet to transfer the funds. Once you complete the transfer, the Bitcoin dice site should credit your deposit within 10 minutes.
Step 4: Withdraw funds
Once you have deposited funds, you’re then good to start playing Bitcoin dice. But what about when it comes to withdrawing your winnings? This is just as easy as the deposit process. At the top of the screen, click on the ‘ACCOUNT SETTINGS’ button.
Once you are taken to your account dashboard, click on the ‘WITHDRAW FUNDS’ button on the left-hand side of the screen. Simply enter the amount that you want to withdraw (in mBtc), and then paste in the Bitcoin wallet address that you want the funds sent to. Make sure that you only send Bitcoin to your Bitcoin wallet address, otherwise the funds will be lost forever.
As long as you are using a trusted Bitcoin dice site that processes withdrawals instantly, you should receive your winnings within 10 minutes!
How do Bitcoin dice bonuses work?
As the bitcoin dice space has become more popular, the number of casinos offering the game has increased. This competitiveness between Bitcoin dice sites means that you will be offered a bonus when you first register an account. Although a number of different bonus types exist – if you’re looking to play Bitcoin dice you are best off claiming a matched deposit bonus.
Here’s how it works.
✔️ Matched Deposit Bonus:
A matched deposit bonus does exactly what it says on the tin. When you register an account for the very first time, the Bitcoin dice site will match your first deposit like-for-like. Although this is usually at a rate of 100%, some sites offer even more. The amount that you will be able to claim will be capped, too. For example, the site might offer a 100% matched deposit bonus up to 7 BTC, meaning that if you were to deposit 7 BTC, you’d start with a balance of 14 BTC.
- You claim a 100% matched deposit of 2.5 BTC
- You only want to deposit 0.5 BTC, which is fine
- Once the deposit is credited, your starting balance is 1 BTC – even though you only deposited 0.5 BTC
- This means that the casino gave you 0.5 BTC in free bonus funds
✔️ Bonus Terms:
Before you go ahead and claim your Bitcoin dice bonus, you need to have an understanding of the underlying terms and conditions. Most importantly, you need to know how the wagering requirement works. This is the amount of times that you will need to gamble the bonus, before you can request a cash-out. Otherwise, there would be nothing stopping you from simply withdrawing your matched deposit bonus out as soon as it is credited.
The wagering requirement is always set as a multiple of the bonus amount. For example, if the requirement was set at 50x, and the bonus amount was 1 BTC – this would mean that you would need to gamble 50 BTC before you could withdraw the bonus funds.
Here’s an example of how it works:
- Your Bitcoin dice bonus funds come with a wagering requirement of 30x
- The bonus amount that the casino gave you was 2 BTC
- This means that you need to gamble a minimum of 60 BTC (30 x 2 BTC) before you can withdraw the bonus funds out
- As soon as you meet the minimum, you can withdraw your bonus balance out
As a final note, it is also worth checking the number of days that you have to meet the wagering requirement. If you don’t meet the wagering requirement before the expiry date, then your bonus funds will be revoked!
Do I have to claim a Bitcoin dice bonus when signing up?
You are under no obligation to accept the welcome package that is offered to you. In fact, many players don't accept the bonus. The reason for this is that once you accept the bonus, you will be tied to the wagering requirement. For players that just want to gamble and be able to withdraw their winnings out straight away, they simply refuse the bonus.
How long does it take to register at a Bitcoin dice site?
Opening an account at a Bitcoin dice site should take no more than 30 seconds. All you need to do is enter your email address, verify it, and then choose a strong password. That's it!
What is the minimum deposit amount at a Bitcoin dice site
Bitcoin dice sites typically don't have a minimum deposit amount, so you can deposit as much or little as you want.
Are deposits and withdrawals at Bitcoin dice sites free?
We have never come across a Bitcoin dice site that charges players to deposit or withdraw funds. In fact, there would be no reason to, as the casino is not accustomed to any fees themselves. The only charge that you need to take into account is the blockchain transaction fee, although this rarely surpasses $1 anyway.