Bitcoin Casinos

Bitcoin Gambling in New Zealand

In spite of its ups and downs, Bitcoin is now one of the most popular and widely accepted digital currencies around the world. So it’s no surprise that online casinos have been quick to offer crypto as an additional banking option. Some best online casinos New Zealand have gone even further. They only accept payments in cryptocurrencies, having decided to ditch fiat completely. The government of New Zealand has a very progressive view of cryptocurrencies. For example, salaries can be paid in crypto, provided it’s pegged to a major fiat currency. Furthermore, gambling is considered a hobby. Meaning that all wins are tax-free, including those earned from a crypto casino. Here at NZ-Casinoonline, our team of betting experts has taken a magnifying glass to casinos that accept Bitcoin. As well as those where it is the exclusive payment option. In truth, there are more similarities between Bitcoin and regular online casinos than there are differences. In many cases, it is just one of many banking methods by which Kiwi players can make deposits into their casino accounts.

Bitcoin Gambling Sites vs Classic Casinos

Every reputable Bitcoin casino New Zealand has to follow strict licencing requirements. These are in place for the safety of the customer and their funds. All of our recommended Bitcoin casinos are licenced, but many on the internet are not. This means that should something go wrong, you have no legal redress. Licencing also indicates that the games are audited for fairness. Because offshore casinos don’t need to follow any licencing guidelines, you can never be 100% sure the games are as they claim. It’s a good idea to look for the biggest names in game developers, such as Microgaming, Play’n GO, and Evolution Gaming. This is because these companies also need licences to have their games hosted in every online Bitcoin casino. Many Bitcoin casinos will tout anonymity. But on the whole, you can’t receive any winnings until you prove who you are with official documents. Also, you’ll often see a lot of praise with regard to instant transaction times. Although this is technically true, you can’t start using your Bitcoin until it’s been validated on the Blockchain. With only seven transactions processed per second worldwide, it can take over one hour before the funds become playable.

How to Pick a Bitcoin Casino?

If you’re looking for the best online crypto casino as a New Zealand player, then take note of the following points.

• Crypto Bonuses: To encourage more players to utilise crypto for online deposits, every crypto casino will give more generous bonuses and promotional items to those using Bitcoin as a means of funding.
• Game Selection: Don’t just look at the number of games on offer. Check out the game providers to ensure only the top-tier games are available.
• Secure Payments: Having your wallet ensures that transactions between the Bitcoin casino and yourself are secure. All deposits should be wallet-to-wallet, allowing you to remain anonymous. Also, be sure that the Bitcoin casino has a proper licence issued by a reputable licensing authority.
• Deposit, Withdrawal, and Betting Limits: Always check the deposit and withdrawal limits of the Bitcoin casino you’re looking at. Some set the cashout limits frustratingly low, often meaning that a larger win has to be withdrawn in stages over a long period. On the other hand, high-roller Bitcoin casinos in New Zealand encourage large deposits.
• Low Fees: The Bitcoin casino won’t charge any fees for either deposits or withdrawals, nonetheless, there are inevitable Blockchain fees. Most Bitcoin casinos will implement what’s called a “dynamic charge”, which mirrors the blockchain fee at the time of moving funds. Of course, these fees are nothing in comparison with those charged by traditional banks.
• Customer Support: You never know when you might encounter an issue or problem at any crypto online casino, including a Bitcoin one. So the website must offer several means by which you can contact them for a solution. As a given, we suggest you only play at crypto gambling sites offering 24/7 live chat support. This means a real person will deal with your problem.
• Terms and Conditions: Please make the time to read through the website’s terms and conditions. It’s within this small print you’ll discover the real nitty-gritty of the casino. Pay special attention to any wagering or playthrough requirements.

Bitcoin Casino Bonuses

When you open your first account at a New Zealand Bitcoin casino, expect to be rewarded with a wide range of bonuses, incentives, and promotions. Let’s have a look in more detail at the different types of bonuses and how they work.

Matched Deposit Bonus This is the welcome bonus, so called because it’s the first bonus all new players come across on their first visit to a new Bitcoin casino. As a result, it’s also the most popular one. The title of the bonus is a good indication of how it works. Provided your first deposit reaches a minimum amount, the Bitcoin casino will give you an additional cash amount on top of your deposit. Matching it penny for penny. On the whole, deposits make utilising BTC give a higher bonus than those using fiat. Here’s an example of how the matched deposit bonus works: If the advertised welcome matched deposit bonus is 250%, it means that for every $NZ100 you deposit, the casino will add $NZ250 on top.

Bitcoin Casino Free Spins Many welcome offers include several free spins. This can vary between 20 to 300, though keep in mind you’ll have to make a minimum deposit to receive them. Most free spins can only be played on a limited number of slot titles.

No Deposit Bonus It’s possible that the Bitcoin casino will give you a small gift for signing up to their mailing list or giving them your email address. Don’t expect any bonuses the size of the welcome bonus. Many of these no deposit bonuses are very difficult to cash out. On that note, please read the bonus terms and conditions before accepting any bonus.

How to Start Play at Bitcoin Casinos NZ?

To play at a Bitcoin casino, you’ll need a wallet and some Bitcoins. To order the Bitcoin, head over to a Bitcoin Exchange. We checked how it works on the example of Flush casino

Step 1: Сomplete the Registration

Visit the casino's website and click on the “Sign Up” or “Register” button. Fill in the required details, which may include your email address, desired password, and other personal information. Agree to the terms and conditions and complete the registration process. Be sure to confirm your email!

Step 2: Confirm the Welcome Bonus

Сonfirm activation of the welcome bonus in the modal window.

Step 3: Buy Currencies

Purchase currencies using the specified crypto address. If you have funds in your crypto wallet, you can transfer them to the following address.

Step 4: Choose the Game & Start Playing

Once your Bitcoin deposit is confirmed, navigate to the game lobby. Choose your preferred game, set your wager, and start playing.

Best Crypto Wallets

A crypto wallet doesn’t hold your money as a normal wallet does. What it does is store your public and private keys that you’ll need to buy crypto. As well as authorize transactions. In truth, the term “wallet” is a bit of a misnomer. In reality, it can read the blockchain to show your balance and can hold your keys. There are two types of keys stored within the wallet; the “public” and “private.” You can view the former as a bank account number. It’s something that can be shared with anyone. The private key is equivalent to your bank account’s password or PIN. The private key must be kept secret and stored separately. Drilling down even further, there are two types of crypto wallets: “Hot” and “Cold.” The hot wallet is always connected to the internet. Despite the fact this makes it convenient to use, it’s nevertheless vulnerable to online attacks or being hacked. On the other hand, a cold wallet is kept offline. Let's have a look at some of the most popular wallets.

1. Coinbase: Great for beginners as it supports over 5,500 digital assets. However, it’s a hot wallet meaning there are inherent weak points with security.
2. Trust Wallet: With this wallet, you can earn interest on 12 different cryptos. It’s easy to use and has its built-in web browser. Binance owns Trust, which could be a problem as they are coming under heavy regulatory fire from the US government.
3. Ledge Nano: This is a cold wallet in the form of a USB drive with a Ledger Live App for buying and selling cryptocurrencies. It’s very expensive to purchase.
4. Exodus: With support for over 260 types of crypto, this is a great wallet for desktop users. It allows buying crypto with Apple Pay, which is a huge convenience.

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Crypto Casino Games

No matter whether an online casino accepts Bitcoin or not, all the best Bitcoin casinos in New Zealand have a massive selection of games from the world’s top game providers. As such, NZ Bitcoin casinos are no different. Expect to find an abundance of crypto slots games in New Zealand, including classic 3 and 5-reels, along with progressives and 3D versions. It’s the same story with table games, with roulette, baccarat, blackjack, and poker being some of the more popular choices. Virtually all Bitcoin casinos will feature exciting live dealer games, with many coming from Evolution Gaming. You’ll also find many crypto casino games in New Zealand that are specific to Bitcoin casinos. For example, Wagmi Casino has a buy-in feature whereby players can skip the base game and head over to the bonus feature straightaway. Another option is the Wagmi Crash games which mimic the stock market. At BlueChip and Flush casinos, many players love the “instant games.” With these, you’re able to win prizes instantly by playing casino games. They’re ideal for players in a hurry. Titles include lotto, scratchcards, pinball-style, dice, and crypto slots in New Zealand games.

Other Crypto Methods

Bitcoin is by far the most popular and is responsible for over 78% of all crypto transactions. Yet no cryptocurrency casino in New Zealand is going to limit its banking options to a single cryptocurrency. So you’ll find several different cryptos supported for payments. On the whole, anything that’s not Bitcoin is described as an “altcoin.” Let's have a look at some of the most popular of these.

• Ethereum: ETH is the world’s second most popular cryptocurrency. Every Bitcoin online crypto casino will be happy to receive deposits in Ethereum.
• Dogecoin: DOGE is another well-known crypto. Despite starting as a joke to poke fun at crypto, the meme ended up becoming one of the most popular coins. You’ll also see Elon Musk constantly promoting it. Virtually all the top online Bitcoin casinos for Kiwis accept DOGE.
• Litecoin: Litecoin (LTC) isn’t as popular as Bitcoin or Ethereum. Yet it’s still a payment choice in many Bitcoin casinos. It was initially developed to be leaner and faster than Bitcoin.
• Tether: USDT is what’s known as a “stablecoin” in that its value is pegged to that of the US dollar. This stops it from being as volatile as Bitcoin. At the same time, it’s easier to transfer funds from Tether back to the US dollar and vice versa.
• Bitcoin Cash: The idea behind Bitcoin Cash is to be quicker than Bitcoin. It does this by offering faster payment times and lower fees. For example, Bitcoin Cash can process over 100 transactions per second, whereas Bitcoin can only do seven transactions at the same time.

Bitcoin Casino: Pros and Cons

With over 10 years of integrating Bitcoin into casino gaming platforms, it’s now one of the most popular means of funding an online crypto casino NZ account. While many reviews boast about the speed of Bitcoin transactions, we found that many e-wallets are equally fast. Bitcoin has a basic problem, and that’s the number of users on the blockchain directly affects the speed of transactions. On the whole, you’ll need to wait between 10 minutes and an hour for any transaction to be processed. With Bitcoin casinos, there are still some ongoing issues you need to be aware of before deciding to play exclusively with crypto.

Bitcoin FAQ