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With the rise in popularity of handheld gaming devices, smartphones, and now cryptocurrency, there's a whole new online casino market for crypto-games.
For years, blackjack lovers have been able to play in online casinos from the comfort of their couch, but now there's an even newer way to play online—with the cryptocurrency Bitcoin.
Now you can enjoy blackjack online without having to wager in USD, Rupee, or any other currency. Bitcoin blackjack allows you anonymity and security over the traditional fiat currency form of the game.
In this guide, we'll teach you everything you need to know to get started with Bitcoin blackjack in India.
To understand Bitcoin, you must first know a bit about cryptocurrency. A cryptocurrency is a digital form of currency that isn't backed by any financial institution or government.
With no regulation, any cryptocurrency that is lost is gone for good—there are no government bailouts.
The value of individual cryptocurrency is based on current market value, which can heavily swing. When playing with cryptocurrency, you should be aware of price swings that can occur. Luckily, some casinos instantly convert your deposit to your chosen fiat currency: e.g Indian Rupee.
As the first decentralized cryptocurrency, Bitcoin is the most widely used form of cryptocurrency. It was first introduced in 2009 as open-source software, and now there are over 4,000 variations. However, only a few of them are accepted by online casinos.
You can find several places to buy or trade Bitcoin online. In India, your main concern should be finding a trusted site that accepts the Indian Rupee (INR).
As there aren't many INR casinos available to Indian residents, many turn to casinos that accept cryptocurrencies for its increased bonuses and decentralized nature.
Now, a growing number of online casinos accept cryptocurrency.
There are websites that allow users to exchange their local currency, then buy and trade bitcoins with peers. Local Bitcoins is one of these options. You can use your local bitcoin wallet to make transfers. There are also exchanges that let you trade multiple cryptocurrencies.
A digital wallet stores private and public keys associated with a blockchain. The keys allow you to exchange forms of cryptocurrency from a centralized application or digital wallet.
While you don't need a digital wallet, it's a good idea to consider if you're concerned about privacy. Digital keys are long passwords designed to keep your cryptocurrency information secure. They are easily found online for free.
Here's a quick step-by-step guide to buying Bitcoin and using it to play crypto-games online:
Download a digital wallet.
Find a Bitcoin distributor. E.g. Local Bitcoins.
Sign up for an account.
Send coins to your digital wallet.
Check to make sure the funds transfer correctly.
Use your wallet to fund your online casino account.
Not only is India's Public Gambling Act of 1867 outdated, but it's loosely applicable to the online gaming sector. There's no mention of online gambling laws (because the Internet didn't exist yet) or Indian-based online casinos.
Licensed offshore operators are the primary Bitcoin blackjack options for Indians seeking an online casino.
In 2018, the Reserve Bank of India (RBI) ordered all financial institutions to break ties with individuals or businesses that dealt in virtual currency. The ban caused trade volumes to plummet and exchanges shut down their businesses.
The Supreme Court of India passed judgement to lift this ban, proclaiming the RBI ban as unconstitutional. This was a big step forward in making it legal to buy, trade, and use Bitcoin to play blackjack in India.
Although Blackjack Pal has researched this info to a high standard, we are not qualified legal experts. You should seek advice from a legal professional about your specific situation if you are unsure. See Blackjack Pal Terms of Service for our full legal disclaimer.
If you're new to online gambling with cryptocurrency, you're probably wondering why it's so popular. There are several advantages to Bitcoin gambling deposits and withdrawals.
When using Bitcoin, you don't have to provide your bank details when making a transaction. The ease of paying with a Bitcoin wallet makes the entire process less troublesome and not as time-consuming.
Most online casinos don't charge any fees and instead just make you turn over once the amount you deposited. For example, if you deposited 1 Bitcoin you would have to make 1 Bitcoin worth of bets. Then you can withdraw regardless if you won or lost.
For your personal wallet, there is usually a small fee when you send bitcoin. This is for maintaining the security of Bitcoin's public ledger.
Bitcoin offers greater liquidity compared to other forms of cryptocurrency. As there's no one that must review the transaction (such as a bank), it only takes 10-15 minutes to complete a Bitcoin transaction. Withdrawals often take a bit longer to be processed. This is because the online casino must manually approve the withdrawal first.
As it's unregulated and not run by any state or country, the government cannot seize bitcoin units under any law. International Bitcoin transactions are free from political influences, and using them is easier than regular currencies.
When searching for the best bitcoin casino, you should have a list of criteria to work through. The casinos you'll find at Blackjack Pal have all been vetted for security, online reputation, fairness, and more.
Here's how to be sure you're choosing a reputable casino:
Your first step is to check the online casino's security measures. You should look for an SSL encryption before depositing any currency. That's the little lock on your chrome browser on the address bar.
You can deposit Bitcoin at all casinos that accept Bitcoin as a currency method. However, not all online casinos will let you withdraw your money in Bitcoin currency.
Don't only look for Bitcoin as a deposit method, but as a withdrawal method, as well. You want to receive winnings in your Bitcoin wallet and not your bank account.
With such good options available to you now, don't waste time with gambling sites that aren't high-quality.
As you visit the site, do you find the navigation easy? Is it optimized to play on mobile? Is it accessible? Are the payouts maximized?
Most importantly, does the casino offer a variety of games that most online other online casinos do?
While you're checking for credibility and quality, you should do some digging into the casino's online reputation.
It's your job to do the necessary due diligence to make sure you have a smooth experience with the casino you choose. Ask the regulars for help. Read online reviews, search for blogs, or read online casino guides that will help you make the right choice.
A site's history matters and will determine your own experience, so don't skip this step!
Casinos that accept bitcoin, often provide bitcoin specific bonuses. Make sure you understand the requirements of those bonuses.
How many times do you have to turn over you deposit and bonus before withdrawing?
What amount do you have to deposit to get the full bonus bet?
How long do you have to use the bonus bet?
Can the bonus bet be use on all casinos games or just a few?
Do you have to verify your account before withdrawing?
Make sure you know all these things, so you're not caught out by a hidden term or condition.
Online gambling sites are regulated and certified in one of three ways. These distinctions signify that the casinos have met the required standards of safety, quality, and legality to ensure they are not taking advantage of their players—whether they're doing so intentionally or not.
Government or Jurisdiction
Most online casinos will display approval from their local gaming jurisdiction. The requirements to gain local jurisdiction approval vary, so it's smart to ensure the casino you choose has a certification from a security testing agency or software testing agency.
Security Testing Company
Spotting a seal of certification from a security testing company is always a good sign. Security testing companies do audits of online casinos to test their encryption methods and security systems.
This security testing ensures that player information is safe and encrypted—virtually unhackable.
As you browse online casino sites, look for a seal that says something similar to "SSL Secured" at the bottom of the page. SSL is the same security technology that financial institutions use to protect private information.
Software Testing Agency
Software testing agencies lend their stamp of approval to gambling sites whose software meets their high standards of quality. Examples of software testing agencies include e-Commerce and Online Gaming Regulation and Assurance (eCOGRA) and the Canadian Technical Systems Testing organisation.
These organisations test software such as the site's Random Number Generator with utmost scrutiny to ensure that all play is fairly conducted.
In most cases, you'll find these seals and any licensing information in a website's footer. Experienced crypto gamblers will scroll down to find a site's licensing information.
Our mission is to lead you to the most enjoyable and secure Bitcoin blackjack casinos in India. We do the research to determine which are safe and reputable so that you don't have to.
Our list of sites for the Indian region is ever growing.