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Bitcoin Online Casinos that Accept Australian Players

Are you thinking about using Bitcoin to make deposits and withdrawals at your online casino? If so, you are one of the many Aussie players who are increasingly getting interested in using Bitcoin as a casino payment method.

Using Bitcoin has plenty of advantages. Having used it myself, I can confidently tell you that it is not only safe and secure but also easy to use. Plus, it supports deposits and withdrawals.

How Bitcoin Works

Here are a few points that give you an idea of how Bitcoin works:

  • Bitcoins exist only in the digital form, as balances on public ledgers. These ledgers are transparent and easy to access.
  • Since Bitcoin works on peer-to-peer technology, it is not under the control of any government, bank, or financial institution.
  • You can use your fiat currency to purchase bitcoins at cryptocurrency exchanges.
  • A Bitcoin wallet is a virtual space to store your bitcoins.
  • You can use your Bitcoin wallet to send and receive bitcoins.
  • Bitcoin miners create bitcoins by solving complicated mathematical problems on their computers.
  • The total number of bitcoins that can be mined is limited, which makes the cryptocurrency valuable and volatile.

How to Deposit with Bitcoin at Australian Online Casinos

Let me now show you how to use Bitcoin to make an online casino deposit:

Download a Bitcoin Wallet

You need a first create a bitcoin wallet. A bitcoin wallet is a software program that allows you to store, send, and receive bitcoins.

Obtain Bitcoins

Here is a list of ways I use to get hold of bitcoins:

  • Use fiat or traditional currency to purchase bitcoins at cryptocurrency exchanges such as Binance, LocalBitcoins, CoinJar, and CoinBase.
  • Use web services to buy bitcoins in person. For example, Paxful helps you find banks that allow you to exchange cash for bitcoins, Coin ATM Radar helps you find Bitcoin ATMs that allow you to exchange fiat currency for bitcoins, and LocalBitcoins helps you find people who want cash in exchange for their bitcoins.
  • Register at Coinbase and similar websites, where you can earn bitcoins for watching videos, playing games, and taking surveys.

Make a Deposit

Here is a simple guide to making a Bitcoin deposit: 

  • Register at one of my recommended Bitcoin online casinos for Aussie players.
  • Navigate to the banking area of your online casino.
  • Select Bitcoin as your preferred deposit method.
  • Enter your deposit amount.
  • Follow the instructions appearing on your screen.
  • Your bitcoin deposit will soon appear in your account.

Withdraw Your Winnings with Bitcoin

Now that you have won plenty of prizes in bitcoins, it is time to request a payout. Let me show you how to withdraw your winnings with Bitcoin:

  • Navigate to the cashier and select Bitcoin as your withdrawal option.
  • Give the online casino the public address of your Bitcoin wallet.
  • Instead of copying and pasting the code, you can use the camera of your smartphone to scan the QR code of your Bitcoin wallet.
  • Confirm the details and click on "Withdraw."
  • Your bitcoin winnings will soon reach you.

Don't worry about the fees. Bitcoin online casinos do not charge fees. However, you may opt to pay a fee if you want your winnings to reach your wallet very fast. If you don't mind waiting for a few hours, using Bitcoin for withdrawals is free of charge.

Tips to Choose a Bitcoin Online Casino

I am careful about signing up at Bitcoin-only online casinos mainly because Bitcoin is not under the control of any government, especially not the Australian government. Some Bitcoin-only online casinos, therefore, do not feel the need to obtain a license. Avoid such unlicensed online casinos. 

As far as possible, I stick to online casinos that offer Bitcoin along with many other traditional payment methods and cryptocurrencies. But I research them thoroughly before signing up.

I have compiled the following tips to help you choose a good Bitcoin online casino:

Licensing

Licensed online casinos display logos and links of the regulatory body that has licensed them. Avoid online casinos that are silent about their licenses.

Ownership

You can trust the online casino if the parent company is well-known, reputed, and experienced.

Software

Software is the soul of an online casino. Find out something about the online casino’s software providers. I recommend playing at online casinos that offer hundreds of games from multiple providers.

Mobile

If you cannot access the online casino on your smartphone or tablet, avoid it.

Bonuses and Promotions

Avoid online casinos that offer large bonuses with unreasonable or hard-to-understand terms.

Rewards for Loyalty

Do they offer points for real money play? Is there is a multi-level reward program with great incentives to play?

Customer Support

Test customer support before signing up. Sign up only if they are prompt, courteous, and helpful.

Responsible Gambling

Do they offer player protection tools such as setting deposit limits and self-exclusion? Have they partnered with non-profit organizations such as Gamblers Anonymous and GamCare to help problem gamblers?

Fair Gaming

This one is very important. Check for provably fair games. Find out if the online casino has partnered with any independent auditor to regularly test and certify its games and software for fairness.

Bitcoin Online Casinos – Pros & Cons

Although Bitcoin is the best casino payment method for Aussie players, it is not flawless. Playing with Bitcoin has pros as well as cons, as follows.

Pros

Cons

  • Make deposits and withdrawals anonymously with Bitcoin.
  • Australia-facing online casinos can legally offer Bitcoin as a payment option for Australian players as Bitcoin is not under the control of any government, bank, or financial institutions.
  • Since no government has declared Bitcoin as real money, you don't have to declare your Bitcoin winnings to the tax authorities.
  • You don't have to pay the online casino any fee for using Bitcoin as a deposit and withdrawal method.
  • Bitcoin is safe, secure, reliable, and easy to use.
  • Bitcoin transactions are instant.

 

 

  • Bitcoin-only casinos usually operate without a gaming license because Bitcoin is not under the control of any government.
  • All Australia-facing online casinos do not accept Bitcoin.
  • The high volatility of Bitcoin can reduce the value of your casino winnings drastically.
  • If you don't pay fees or pay a low fee, Bitcoin withdrawals take a longer time.

Coins and Currencies Accepted at Cryptocurrency Casinos 

Many top-rated online casinos support multiple fiat currencies and cryptocurrencies, giving you a wide range of coins and currencies.

The following table gives you a list of coins and currencies you may find at Australian online casinos:

Traditional or Fiat Currencies

  • These are currencies all players are familiar with.
  • You usually end up selecting the currency of your home country (AUD) when you sign up and make a deposit.
  • You can choose from the following fiat currencies—EUR, GBP, NOK, SEK, USD, NZD, AUD, CAD, PLN, RUB, and many others.

Cryptocurrencies or Coins

  • Cryptocurrencies or coins operate on independent blockchain ledgers.
  • They serve as currencies and payment options at online casinos.
  • Here are the top cryptocurrencies that online casinos offer—Bitcoin, Litecoin, Dogecoin, Bitcoin Cash, Ethereum, and Tether.

If you are new to cryptocurrencies, you may want to know something about each cryptocurrency. I have created the following table to introduce you to each of the above-mentioned cryptocurrencies. 

Bitcoin

  • Bitcoin is the world's first cryptocurrency and, therefore, immensely popular.
  • Understanding Bitcoin is easier because there is plenty of information available about it.
  • Bitcoin is the most-used cryptocurrency at online casinos.

Litecoin

  • Litecoin is cheaper and faster than Bitcoin.

Dogecoin

  • Launched in 2013, Dogecoin is not as volatile as Litecoin or Bitcoin.
  • Since miners can create an unlimited number of Dogecoins, their value remains small and stable.
  • Dogecoin is more secure than other cryptocurrencies.

Bitcoin Cash

  • Launched in 2017, it presents a way to increase block size on the blockchain and make transactions faster.
  • Bitcoin Cash emerged as the result of a fork in the Bitcoin system.

Ethereum

  • Ethereum is the biggest rival of Bitcoin because of its superior technology and a larger supply of coins.
  • Developers can use Ethereum to create new programs, software, and applications.
  • Ethereum is also growing rapidly.

Tether

  • Tether is a cryptocurrency with a difference as the Tether coins in circulation are backed with an equivalent amount of USD, EUR, or Japanese Yen.
  • It may be called Tether as it is "tethered" to fiat currencies, a fact that makes it less volatile than other coins.

Online Casino Games at Bitcoin Online Casinos

Bitcoin online casinos offer the same games as traditional online casinos do. Visit the library of any online casino that supports cryptocurrencies and you will find the following game categories:

  • Classic slots
  • Video slots
  • Table & card games
  • Video poker games
  • Jackpot games
  • Live Dealer games
  • Instant-win games

The libraries of some cryptocurrency online casinos also offer a separate category for BTC games. You can wager bitcoins on these games and win jackpots in bitcoins.

You will find that many casino games at Bitcoin online casinos are certified as provably fair games. This means that you can personally test the games for fairness and randomness, which makes the online gambling environment at BTC online casinos truly fair and transparent.

Alternative Casino Payment Methods at Australian Online Casinos 

Are you still not comfortable with Bitcoin? I suggest selecting Bitcoin as your preferred payment method because it supports both deposits and withdrawals.

Still, if you are not happy about using Bitcoin, you can check out the following alternative payment methods: 

Credit/debit Cards: Use credit/debit cards to make deposits safely, securely, and instantly. However, you may find it difficult to withdraw your winnings to your credit card. Moreover, some banks decline gambling-related transactions, forcing you to look for an alternative.

POLi: POLi is the local Australian and Kiwi payment solution, which allows you to directly transfer funds from your bank account to your gaming account. This makes POLi a great deposit method although you cannot use it for withdrawals. 

Neosurf: Would you like to control your casino spending? If you are not a high roller who likes to deposit and wager huge amounts of money at online casinos, you may like to use Neosurf.

Neosurf is a prepaid voucher with a ten-digit pin code that you can use to make payments online. But it does not support withdrawals.

Bank Transfer: Most Australian online casinos offer Bank Transfer only as a withdrawal method. If you deposit with a method that does not support payouts, you can withdraw your winnings through Bank Transfer. This method, although reliable, is expensive and slow.

My Closing Thoughts about Cryptocurrency Gambling

While I support the use of cryptocurrencies in general and Bitcoin in particular at online casinos, I would like to make the following points clear.

Consider these as my closing thoughts on cryptocurrency gambling:

  • Cryptocurrencies are still in the state of infancy. Most consumers and businesses still don't understand them.
  • Since people still do not understand them, they are not widely used as payment methods.
  • Finding a cryptocurrency online casino may be difficult for the two above-mentioned reasons.
  • Many cryptocurrency casinos that do not support traditional currencies and payment methods operate without a license, which makes them dangerous for players.
  • Most cryptocurrencies, especially Bitcoin, are volatile and players don't feel comfortable handling them. If you win a jackpot in bitcoins, its value may change drastically multiple times throughout the day.
  • At the same time, cryptocurrencies are fast becoming popular among investors, traders, and online casino players residing in unregulated jurisdictions.

Bitcoin Online Casinos in Australia FAQs

Are Bitcoin deposits and withdrawals instant at online casinos?

The speed of Bitcoin deposits and withdrawals depends on the fee you choose to pay. The system doesn't force you to pay fees. However, transactions are slower for players who choose to pay a low fee or zero fees. 

Still, Bitcoin transactions are faster than traditional payment methods as banks are not involved. You don't have to wait for any bank or financial institution to process your transaction.

If your online casino doesn't keep your Bitcoin payout request pending till it verifies your account details, Bitcoin deposits and withdrawals are instantaneous.

Bitcoin transactions are anonymous. What exactly does this mean?

It means that you can use Bitcoin without revealing your bank account or credit/debit card details to your online casino. You don't have to register an account with Bitcoin. Linking your Bitcoin wallet with your bank account or credit/debit card is unnecessary.

Depending on your online casino's terms & conditions or policies, you may have to reveal certain personal details while registering a gaming account. You may also have to verify your account details by submitting copies of identification documents at the time of your first payout. 

But you still don't have to tell the online casino your bank or credit card details. That's what makes Bitcoin anonymous.

What makes Bitcoin the best casino payment method for Australians?

As you know, online gambling is illegal in Australia although the law doesn't prevent residents from signing up at offshore online casinos. 

The Australian Media and Communications Authority (ACMA) has blocked hundreds of offshore online casinos. Many payment providers, game providers, and online casino operators have withdrawn from the Australian market. Still, many online casinos continue to accept Australian players.

Owing to the legal situation, the choice of payment options is narrow for Aussies. Australian online casinos widely offer Bitcoin because no bank, government, or financial institution controls it. And the best thing about Bitcoin is that it supports both deposits and withdrawals.

Is it safe to use Bitcoin at online casinos?

I assure you that Bitcoin is a safe and secure way to make deposits and withdrawals at online casinos.

And I give you three reasons for my answer:

1. Bitcoin is an encrypted system operating on the blockchain technology. The system requires several volunteers. The combined effort of these volunteers ensures that Bitcoin transactions are encrypted. So nobody can hack the system.

2. Bitcoin is decentralized. It has servers all over the globe. It comprises thousands of nodes that track each transaction on the system. Detecting changes and preventing unauthorized access to any node or server is, therefore, very easy.

3. Bitcoin is public. Details of all transactions on the system are transparent and easily accessible although the people making the transactions are anonymous. Fraud is impossible as thousands of people are watching your transactions even as you remain unknown.

What other payment methods do Bitcoin online casinos in Australia offer?

It depends on the casino you have signed up at. If you have signed up at a Bitcoin-only online casino, the only payment method available is Bitcoin.

On the other hand, many online casinos that accept Bitcoin also allow you to make deposits with Bank Transfer, POLi, Neosurf, and credit/debit cards.

They may also offer other cryptocurrencies such as Bitcoin Cash, Ethereum, Dogecoin, and Litecoin.