Over time, the integration of fast and efficient deposit and withdrawal methods to enhance online transaction processing between customers and casinos online has been somewhat challenging for most online casino operators in many parts of the world.
While technology is evolving at an astronomical rate, online casino platforms are not slowing down either. The online gambling industries have been quite consistent with flowing along with changing technologies to fit in with trends and contribute to players’ experience.
There are numerous ways in which the gambling industry in the Philippines has and is benefitting from technological advancement – one of which is from the current adaptation of Bitcoin and other popular cryptocurrencies.
As a result of its wide acceptance, online casinos have employed it as an alternative for local currencies to enjoy gaming online. Interestingly, bitcoin happens to be a more suitable option, thanks to its blockchain network which enables fast payment processing and. Unlike fiat currencies that often take longer processing time.
Before you decide to choose a bitcoin online casino platform to play on, it is highly recommended that you go through this concise guide on how to start playing your favorite online game with this new technology.
Some of the Top Bitcoin Casinos in the Philippines
For new Filipino players to be able to make an informed decision concerning picking which bitcoin casinos to play at, they must be adequately exposed to first-hand information about some of the popular ones in the country. As such, our team of specialists has taken it upon themselves to consistently scrutinize the majority of the bitcoin casino industry operating in the Philippines.
In this section, we will be dishing out a list of some of the most reputable and leading bitcoin casinos that are heavily patronized by most players in the Philippines.
Bitstarz is one of the many high-ranking online casino operators in the Philippines with full integration of bitcoin as an alternative to several other payment methods. The casino is located in Cyprus, owned, managed, and operated by Direx N.V of Nicosia. Currently, the casino brand stands as one of the best in the country in terms of players’ support.
Irrespective of whether you are looking to play fiat games or the BTC selections, Bitstarz offers an excellent and an all-encompassing library of premium games large enough to satisfy your gaming interest – be it table games, classic slots, jackpot titles, and live dealers among others.
22Bet is a world-class online bitcoin casino platform offering Filipinos a world-class entertainment experience using cryptocurrencies such as bitcoin. The casino is Cyprus-based and was established and registered in 2017 by the TechSolutions Group Limited.
Ever since its inception into the online gambling space two years ago, 22bet has been quite a game-changer in the online casino gaming industry. This brand is very popular for its sports games. The casino features a portfolio of large selections of various high-quality sports games.
Regardless of your sports betting interests, you can rest assured that your interests will be met by choosing to play on the platform. Aside from sports betting, the casino also offers numerous online casino games, thanks to its versatility.
1xbet is a leading online casino betting provider worldwide. The casino is owned and operated by 1x Corp N. V. Presently located in Cyprus and its activities are licensed and regulated by the Curacao government.
When we talk of an online casino that guarantees maximum safety for players and offers a seamless gambling experience, 1xbet will always fit that description.
1xbet offers one of the longest if not the highest lists of top-quality online casino games when compared to other online casinos. Along with it’s heavily loaded sportsbook library, the casino offers games cutting across various live dealer, poker, table games, and slots. In addition to which the brand now offers players the privilege to play and earn on the platform with various cryptocurrencies – bitcoin being the most popular.
These are just some of the many reasons why the majority of Filipinos prefer to play at 1xbet than at any other online casino in the Philippines.
Betonline is a foremost online casino brand that was founded in 2004. The business brand is privately owned and operated by Eddie Robins III and its headquarters is located in Panama City, Panama. To date, the casino operates as one of the best bitcoin-focused online betting platforms for Filipinos and the world at large.
According to a press release by the Panama City Press in 2006, the Betonline website (Betonline.com) was included in the list of the top 60 online Racebook, sportsbook, and betting exchanges based on the general amount of traffic generated.
Betonline does not just offer players a discreet and secured casino betting experience, but also enables you to access all their services – sports betting, race betting, casino, poker gaming, all from a single account. This is a major point of attraction for many Philippines players.
Intertops is also another leading premium online casino where bitcoin and some other popular cryptocurrencies are accepted as a means of payment on the platform. The business is owned by Thinkquick Limited and is currently licensed by the government of St. Kitts and Nevis.
Intertops is one of the oldest sportsbooks in the online gaming industry. It first started operation in 1983, after which it eventually moved operations to the online space in 1996. Two years later, intertops decided to extend its brand services from just being a sportsbook to offering various online casino and poker games.
The Philippines and the Legal State of Bitcoin
In response to the astronomical surge in the adoption of Virtual Currencies as a medium of online investment and trading, the Banko Sentral ng Pilipinas (BSP) released circular No. 944 on the 6th of February, 2017 which defines a formal regulatory framework for Virtual Currency (VC) Exchanges. This implies that the BSP has been formally ordained to be responsible for the regulation of VCs in the Philippines, as such have legalized some cryptocurrencies through registered exchanges.
Bitcoin, however, wasn’t endorsed by the BSP because it is neither confirmed nor issued by the central bank. Nevertheless, it isn’t considered illegal and Filipinos are allowed to transact with it at their risk and discretion. As such, casinos operating in the Philippines can offer their services to their Filipino customers using bitcoin as a payment option.
What are the Advantages of Bitcoin Utilization at Online Casinos?
The recent surge in the utilization of bitcoin by online casino operators as an acceptable means of payment is attributable to several important and beneficial factors. One of which has to do with transaction charges and the short processing time.
Bitcoin transactions attract fewer charges and are usually processed quickly, compared to what we have always experienced with local bank fees for online transactions which is usually outrageous and worrisome, even at a longer turn-around time. Hence, in a bid to contribute to the convenience of customers, casinos now accept bitcoin for payments.
Another advantage of this crypto is the fact that it saves you from the stress of having to enter your credit card details, thereby subjecting it to internet vulnerabilities. With bitcoin, your info is safe as you only need to enter your wallet address for withdrawal. Otherwise, copy the casino’s wallet address when you want to make a deposit. It is just that simple and fast. This way you have no reason to fear losing your credit card details and personal information to hackers on the internet.
Yes, you can make deposits in an online bitcoin casino to access their betting platform. The majority of online casino operators have been seen adopting and integrating bitcoin payment systems to their websites. This is due to the fast rate of transaction processing in the blockchain system in which bitcoin runs, making transactions as quick as possible.
The minimum deposit a player can make to an online bitcoin casino platform varies from casino to casino. To know the minimum bitcoin deposit amount for a casino you intend to play at, you need to check through the casino’s terms and conditions.
Just like it has been explained above about the minimum deposit amount, the maximum withdrawal amount also varies from one casino to another. Since online casinos have their peculiar mode of operations and marketing strategies. To get this information, you are advised to read through the casino’s terms and conditions of services to know first hand before deciding to register.
After you might have provided the casino with your wallet address for withdrawal, most times the withdrawal is processed immediately. But withdrawal times also vary from casino to casino. Sometimes, it takes minutes, hours, or a couple of days. The estimated time of delivery of your coin to your wallet also depends to a large extent on the exchange platform the casino has partnered with for transaction processing.