Bitcoin Casino in Australia
Since beginning in 2008, Bitcoin has quickly become the most popular peer-to-peer digital currency in the world, with betting now possible at a Bitcoin casino.
Due to its low fees, transactional speed and semi-anonymous nature, Bitcoin continues to increase in value and popularity.
Do casinos accept bitcoin?
Traditional casinos still have reservations about accepting BTC. But, there are now some casinos in Las Vegas which have installed a bitcoin ATM. You still can’t use Bitcoin to play blackjack, baccarat, or the pokies in a live casino.
But it is possible to sell your bitcoin using the ATM, and withdraw real money in physical cash. The problem with this is that there are rather large transaction fees.
For Australians, there are currently no live casinos which accept Bitcoin as a payment method.
An online casino has a massive advantage. Not only does it offer you the convenience to play from anywhere at any time, but it also allows bitcoin betting.
Online Casino and Bitcoin
Bitcoin gambling providing many benefits, and it has now become more widely accepted at a large number of online casinos. Often banking can lead to many problems. While deposits happen right away, withdrawals can take some time depending on the chosen payment method.
A Bitcoin casino can now take advantage of the ease of use and speed of transactions while using bitcoin betting.
Using Bitcoin as a payment method greatly speeds up the time to receive a withdrawal. It also offers the player more convenience.
Why Bet With Bitcoin?
Bitcoin is not part of a conventional currency system. This allows it to provide a significantly faster, safer, and cost-effective deposit or withdrawal.
As transfers are performed peer-to-peer, instead of through a bank, they can often be performed instantly. Another benefit is that they are undertaken semi-anonymously. This means there is no chance of your personal information being hacked while a transaction is being processed.
Bitcoin gambling also helps to reduce the overhead of an online casino. It’s possible they may pass on savings by offering a low house edge, due to not needing to cover as many expenses.
Advantages of a Bitcoin casino
A Bitcoin casino provides many advantages over a typical fiat currency casino. Players may be used to waiting a long time for a withdrawal to receive their winnings. But, those days are now a thing of the past.
At, Joe Fortune, we support both Bitcoin and Bitcoin Cash for both a deposit and withdrawal.
If you deposit Bitcoin, it is instant. While and an approved withdrawal usually takes under 15 minutes. We generally process and approve any payout within 48 hours.
For any other payment method, the withdrawal times are significantly longer based on your preference:
- Credit cards: 4-7 business days
- Check by courier: 4-7 business days
- Bank wire: 5-10 business days
Unlike credit cards, we don’t charge fees for any Bitcoin deposits or withdrawals. As the rate of Bitcoin is always fluctuating, we provide a guarantee deposit exchange rate for 15 minutes for peace of mind while you complete your transaction. We also provide up to the market BTC exchange rates, so that you can ensure you are getting the best possible price when making a deposit.
You Can Trust Bitcoin Gambling
When you play at a reputable Bitcoin casino, you can be guaranteed that you are playing fair games which have not been rigged. How exactly? By using cryptographic hash technology, you can check if the casino manipulated the outcome of your bet, or if it was legitimate. Any trusted online casino will use fair software. You can rest assured that you can trust the results as being authentic at Joe Fortune.
Huge Bonus Amounts With Bitcoin
Generally, a Bitcoin casino offers no deposit bonus. But, Joe Fortune is different! We provide an outstanding welcome bonus for your first deposit using Bitcoin or Bitcoin cash.
We will match your deposit dollar for dollar up to a massive $2000.
Joe Fortune also matches your second deposit dollar for dollar, up to $1000.
Make sure you read the full terms and conditions of our casino bonus.
Large variety of games at Bitcoin casino
Players in Australia may be worried that Bitcoin gambling may restrict the number of games which are available to play. But that is not the case at all.
At Joe Fortune, you can enjoy the same huge variety of games which are offered by our online casino when depositing with Bitcoin.
It's possible to play all your favourite games, such as online blackjack, baccarat, and online pokies. You can also play online roulette, video poker, keno, craps, bingo, and even live casino games.
This gives you a full range to select from and enhances your playing experience.
Hybrid Casinos
There is some confusion around the definition of an online casino and a BTC casino. What if a casino accepts fiat currency, as well as Bitcoin? Well, they are known as a hybrid casino, which means they don’t only accept bitcoin payments, or only accept credit cards payments.
Instead, they can take either payment method. Joe Fortune is a hybrid casino, which offers the best of both worlds, allowing both bitcoin betting and online gambling. A hybrid casino offers the same advantages of a Bitcoin casino.
Look out for fake Bitcoin games
With the rise in popularity of online casinos, it has also led to a problem with fake websites which use pirated games. There are many online casino websites which still do not offer Bitcoin betting. Online criminal organisations have exploited this demand. They have pirated both the artwork and sounds of well known and iconic games, which they use to create a fake Bitcoin casino.
These games do not use automated Random Number Generators (RNGs), but instead, they are rigged to cheat you out of your real money.
To ensure you don’t get exploited, you should make sure to only use a legitimate licensed online casino like Joe Fortune for Bitcoin gambling.
How To Get Bitcoin
If you’ve decided you want to use Bitcoin as your payment method, you’ll need to get set up before you can make a deposit. First, you will need to get a Bitcoin wallet. This is the place that your Bitcoins are stored. Most wallets offer similar features, but be sure to check out a few before you sign up.
Each Bitcoin wallet comes with an address. This is what you then use to make a deposit or receive a withdrawal. You can then buy Bitcoin by using your credit cards or bank account, from many different places. It’s suggested to shop around to find the best exchange rate first.
After you’ve added funds to your Bitcoin wallet, you are then able to make and receive payments and get started playing your favourite games at a Bitcoin casino.
How To Cash Out Bitcoin
If you decide to receive your cash via Bitcoin, it’s then possible to convert it into real money in Australian dollars.
You need to go to an online exchange, which lets you sell BTC. You can see the current exchange rate, and then decide if you want to sell for AUD.