Are you looking for the best Bitcoin casino in the Philippines? Here’s an elaborate guide for you. We will unravel the best Bitcoin gambling sites, how you must choose a casino, the pros and cons of crypto casinos, and a lot more. In a nutshell, you don’t have to go anywhere else as we have all the information for you.
The list of the best Bitcoin Casinos accepting players from the Philippines
- The list of the best Bitcoin Casinos accepting players from the Philippines
- Are cryptocurrencies popular in the Philippines?
- Facts about Crypto & Bitcoin Regulation in the Philippines
- How we choose a reliable bitcoin casino?
- Our Guide is based on 6 Criteria
- How to make a cryptocurrency deposit?
- How do I withdraw money from Bitcoin online casino?
- What games can you play at crypto casinos?
- Pros and Cons with Bitcoin casinos
- Frequently Asked Questions
Are cryptocurrencies popular in the Philippines?
Cryptocurrency is set to become mainstream in the Philippines. Some people are still unaware of the concept and think it’s a scam, but awareness about this can bring about a positive change.
Bitcoin gained popularity amongst some in the Philippines in 2017. In a space of a couple of months, it skyrocketed from $1000 to approximately $19000. More importantly, cryptocurrency is legal in the Philippines and is regulated by BSP (Bangko Sentral ng Pilipinas). BSP has installed a secure and reliable platform that protects crypto users and endorses bitcoin uptake. However, it is still in the embryonic stage.
The Philippines has become crypto-friendly over the years simply due to a positive approach from the Central Bank and regulatory bodies. In addition, the Central Bank is now registering more exchanges and is involved in many crypto projects.
Even though people in the Philippines are skeptical, cryptocurrency will soon become mainstream. In the recent scenario, we can see a rise in the popularity of bitcoin gambling.
Facts about Crypto & Bitcoin Regulation in the Philippines
|The first virtual currency exchange (VCE) license was provided by Bangko Sentral ng Pilipinas(BSP)||Circular No. 944, 02/ 7 /2017|
|Up until now, every new VCE must register with Bangko Sentral ng Pilipinas (BSP)||2021: 17 VCEs|
|Some cryptocurrency dealers are licensed by CEZA(Cagayan Economic Zone Authority).CEZA’s license is called Financial Technology Solutions and Offshore Virtual Currency (FTSOVC) License.||As of June 2019: Ceza’s OVCE Regular licensees: 13 Ceza’s OVCE principle licenses: 24|
|When operating under the BSP VSE license, you can trade in Pesos. However, during payouts you can only use ATM up to certain maximum limit Alternative methods when amounts are large is either a direct bank deposit or a check.||No ATM withdraws of more than 500,000 pesos.|
How we choose a reliable bitcoin casino?
Our Guide is based on 6 Criteria
The country has two distinct regions for online gambling. The majority of the country’s gambling scene is controlled by PAGCOR. PAGCOR is state-owned and it operated all the betting outlets and land-based casinos. The locals can play at any PAGCOR-approved online or land-based casino. The other region is the Freeport and Cagayan Special Economic Zone.
- Games Variety
As a casino-enthusiast, you would like to play a variety of games. Choose a bitcoin casino accepting players from the Philippines that offers different games. Ideally, the online casino should have all kinds of themed slots and classic games like baccarat, blackjack, roulette, etc. The idea is to have fun while reaping monetary benefits.
- Fast payment
Bitcoin payouts are much faster as compared to traditional payouts. A traditional payout system like cheque, credit card, or bank transfers takes few days but bitcoin withdrawals happen within seconds. Crypto casinos also have faster deposits.
- Welcome offer
In the case of bitcoin casinos, there are offer rewards of 1 BTC to 5 BTC. Additional bonuses are awarded from time to time.
- User-friendliness of a mobile version
The best bitcoin casino in the Philippines should be easy to open on mobile. If it is taking too much time to load, then there is a problem.
If the loading time is fast, gamblers will enjoy playing the game as there will be no glitches and delays.
- Customer support service quality
Most online casino operators offer 24/7 support. This is a better option. In case you encounter any issue with a particular bitcoin transaction, you should be able to get the help you require.
Is a BTC casino safe and honest?
New players are confused about whether they should indulge in online casinos or not. Are they safe? Can a player put their identity information at risk? There are many illegal and unsafe casino websites.
If we compare a traditional casino with a crypto casino, the latter offers a safer experience. Let’s not forget that crypto payouts are faster as compared to traditional payout systems.
Bitcoin and other crypto transactions are easy to trace and encrypted. In case a malicious or fraudulent activity takes place, it will be easy to trace – all thanks to blockchain technology.
Gamblers attain privacy with every transaction. In addition, they can make anonymous deposits to the bitcoin casino account. All you would need is a wallet address.
Overall, a casino is safe and honest. But do check the reviews of the casino before putting all your eggs in one basket (in this case bitcoin). Also, you can increase your safety by selecting casinos that offer 2-factor authentication. Overall, choose licensed bitcoin casinos.
How diverse are the games and providers?
Fortunately, there are many games available for punters to play. These games are developed by providers such as NetENT, Novomatic, Playtech, Microgaming, Pragmatic Play, QuickSpin, Yggdrasil, Betsoft, Red Tiger, Nektan, and many more. Most of these game providers are famous across the globe and they have introduced interesting theme slots. You must check the list of games provided by the casino site.
Ideally, you must pick a casino site that houses many of games and providers.
Feel free to select the game you enjoy the most and check whether it helps you reap benefits or not. A sure way to know whether a game is worth your time is by the variance and RTP of the slot. When the RTP is over 96%, which is the average value for slots, your chances of winning are good. Additionally, when variance is low to medium, your risk is low and you can make several small gains.
Should you claim a welcome bonus?
Welcome bonuses are a great way to kick-start your casino journey. You can reap multiple benefits with this. A welcome bonus is something that gamers enjoy and appreciate having.
If you are new to bitcoin gambling, make sure you join a casino site that offers a welcome bonus. It could be 1 BTC to 5 BTC welcome bonuses or other freebies that you can utilize in your gaming journey.
Gamblers get a welcome bonus when they register on an online casino site. But a coin has two sides so you should be cautious before claiming a welcome bonus. If the welcome bonus has a massive offering, then you must reap the benefits. However, a welcome bonus is not worthy if you will not get paid/cashed out after accepting it. It is better to take the winnings home.
Nonetheless, a welcome bonus is a good start for new players as it allows you to play for a longer duration.
Is your favorite Bitcoin casino optimized for smartphones and tablets?
Casino software providers are trying to make their platform accessible on tablets and smartphones. The whole world is technologically advanced, and the first thing we do as soon as we wake up is to check our phones. Instead of playing on the computer or laptop, gamblers can enjoy the games on a smartphone and tablet.
There is no difference between playing on your computer and your mobile. When online casinos came into existence, playing it on the desktop was not likable or favorable. Mobile casino technology is evolving and now you can play most of the themed slot machines, Roulette, Poker, Blackjack, and more right from the comfort of your home.
Gambling from your tablet or mobile also gives you access to loyal bonuses. Perhaps you won’t see this in any land-based casino. Casinos are now optimized for smartphones and tablets. Moreover, the experience is pleasant. You must check the casino provider whether they offer a mobile-friendly variant or not.
How good is customer support service?
When you join a BTC casino, you might have several queries in your head. But as an amateur or even a pro gambler, you must choose a service that provides excellent customer support.
Prompt customer support will help the user get quick answers to their questions. You must opt for a casino that provides 24/7 support. This will ensure that you get the required support no matter where you are located.
You may have queries regarding payments, deposits, a particular slot, or a live casino. Queries can arise at any given point.
Most bitcoin casinos are reachable via email, live chat, telephonic conversations, and a safe message platform. If a crypto casino is providing all of these communication sources, you are entering a safe space. And if there are negative reviews about a casino’s customer care service, you should avoid it. Furthermore, you can test a casino by sending an email or by calling its phone number. If you get a quick response, choose the casino; and, if you don’t, avoid it.
How to make a cryptocurrency deposit?
Making crypto deposits is easier than doing a wire transfer or entering your card details. Here are some of the steps you can follow to make a crypto deposit.
- Step 1: Select a bitcoin wallet.
There are various types of bitcoin wallets such as paper, desktop, mobile, cloud, and hardware wallets. Cloud wallets are the best and they can be downloaded via app stores such as Apple or Google Play Store. You can carry them around and lock your phone when not in use.
- Step 2: Once the wallet is ready, you must load it with bitcoins.
You can purchase bitcoins, buy bitcoin exchanges, exchange the fiat at a nearby bitcoin ATM or receive it from friends and loved ones.
- Step 3: When you have bitcoins in your wallet, you can deposit them in the crypto casino.
You must have an account/profile on this casino site.
Note: Always transfer the bitcoins to the wallet and then make a deposit. It is a safer process.
How do I withdraw money from Bitcoin online casino?
To withdraw money from a Bitcoin online casino, you must win bitcoins to cash out.
Here is a step-by-step method to cash out the winnings.
- Step 1: Log in to your account with the credentials.
- Step 2: Open the withdrawal option/tab.
- Step 3: In the withdrawal section/option, enter the preferred bitcoin wallet address.
- Step 4: Type in the amount you want to cash out.
There you go! It is a simple process that does not need a lot of technical skill.
How to open a Bitcoin wallet for crypto gambling in the Philippines?
Before owning bitcoins, you need to possess a bitcoin wallet. That’s because you cannot buy bitcoin without having a wallet. So, the process is not overwhelming.
Some wallets are free, and others cost money. The widely used wallet in the Philippines is Binance. Other than being a popular bitcoin wallet, it allows you to sell, buy, and store bitcoin. Binance is one of the most trusted and used wallets.
Besides this, you can go to Coins.ph and create a bitcoin wallet. Think of your bitcoin wallet as a bank account to store and receive money (in this case bitcoins).
Sign up by sharing your email address, provide an email, phone number, and create a strong password. You will receive a verification code which you need to type. Once the verification process is complete, you will get the best of both worlds – a bitcoin + a PHP wallet.
The address will have thirty-four random digits and these are case sensitive, so use it properly.
What games can you play at crypto casinos?
Crypto casinos are akin to regular casinos. You can find the following games.
Theme-based Bitcoin slots are becoming popular. There is the movie, book characters, superhero, fruit, historical, and other theme slot machines. Amateur gamblers like the free-play version and serious gamblers opt for a slot that offers a high payout.
Baccarat is a popular card game played at land-based and online casinos. You will be able to find it in many crypto casinos too. The comparing card game, ‘Baccarat’ is played between two hands, the “banker” and the “gambler”. Each coup has a total of three possible outcomes: “banker”, “player”, and “tie”.
There is a wide variation of Roulette. You can play American, French, Russian, and other variants of Roulette. The roulette wheel was invented by a French in the 18th century. Players need to place bets on a particular number, a color (red or black), or a grouping of numbers. The dealer spins the wheel and if it reaches your number, you win whopping prize money. You have seen the fancy version in the movies, but now you can play it online in crypto casinos.
Blackjack is a popular game in which the aim is to beat the dealer and not the players on the table. One or more players can play the game along with a dealer and either one or more deck of fifty-two cards can be used. It’s a simple game – all you need to do is understand the rules.
For some reason, you are not able to go to Las Vegas, but you can enjoy the experience with live casino. There is a dealer, other players, and a scope to win a whopping jackpot.
This game is played with a deck of 52 cards. The best crypto casinos in the Philippines will offer Poker because it is a very popular game across the globe. The players make certain bets as per the value of the poker hand. There are hundreds of variations out there. You can also indulge in live poker (in case the bitcoin casino has that option).
How can I convert bitcoin to PHP coins?
Coins.ph provides a simple and effective way to convert bitcoins into pesos.
- Step 1: The first step is to choose the cash-out icon.
- Step 2: Select the cash-out location. Enter the amount you wish to cash out.
- Step 3: Enter the name and number. Finally, you need to slide and pay.
Note: Check the Bitcoin to PHP (Philippines Pesos) Calculator to get an idea of how much you will get when exchange bitcoins.
Bitcoin is volatile which means the price keeps changing, so keep a check on the current exchange before converting them to PHP coins. Bitcoins do not have a stable exchange rate. You may check the exchange rate now, and then re-check it the next day – it does not remain the same.
BTC to USD Converter site and Bitcoinscashout.com also provide the service of converting bitcoin to PHP coins. All you need to do is provide the amount you wish to sell and specify the payout method.
Pros and Cons with Bitcoin casinos
|Decentralization – Punters can preserve their fiscal privacy and can be sure that the casino games are not rigged. No entity is liable for greenlighting, processing, or verifying transactions.||Volatility – Bitcoin price fluctuates from time to time. This may be a disadvantage for many gamblers who are expecting a higher payout.|
|Transaction fees – There is no fee for processing transactions. Bingo! You save a lot of money here. Bitcoins are not yet subjected to transaction policies.||Fewer players onboard – Most people are uncertain about crypto casinos. If there is no traditional payment method involved in such crypto casinos, fewer players may want to get onboard.|
|Verification – Immutability is one of the best features of bitcoin casinos. Once a transaction has been processed and verified by store on-chair and consensus vote, it cannot be deleted, altered, or tampered with.||No reversals/chargebacks – In case there is a security breach, you could lose the funds in your wallet.|
|Worldwide acceptance – Bitcoin is a widely accepted cryptocurrency.|
|Anonymity – You can add bitcoin to your casino account using a crypto wallet. This way you won’t have to disclose your credit card/debit card details. Bitcoin payments save you from identity theft.|
Frequently Asked Questions
Which Bitcoin casinos are best in the Philippines?
Bitstarz, Playamo and Golden Star Casino are the best Bitcoin casinos in the Philippines.
Are payouts easier in Bitcoin casinos?
Bitcoin withdrawals are lightning-fast. If you wish to claim your winnings, this method is the best. The payouts are settled within few seconds once the casino approves the withdrawal.
Are Bitcoin Casinos legal in the Philippines?
Bitcoin is legal in the Philippines. Thus, there are many Bitcoin casinos where the players can utilize their saved cryptocurrencies. Besides bitcoins, you can use other forms of currencies such as Ethereum. It is 100% safe, faster, and legal.
Can I play on bitcoin casinos from my phone?
Fortunately, many online casinos provide a mobile version of the slots. You have to check whether the bitcoin casino is offering a mobile version or not.
Do Bitcoin casinos offer sports betting?
Many bitcoin casinos have a variety of sports games that you can play and bet on. From horse race, basketball to soccer – you will find plenty of games to bet on. Check the list of games that a bitcoin casino offers.
Which license is the most common for crypto casinos?
There is not much difference between a crypto casino and a regular one. Malta is a top choice, but when to speak of BTC casinos in the Philippines, there are two regulations. There are two regulatory bodies – Virtual Currency License by Central Bank and CEZA off-shore crypto license.
Do I need to pay commission fees on my winnings?
There is practically no fee involved in Bitcoin casinos. The commission for certain transactions can be between 1 to 1.5% of the total amount but in Bitcoin casinos, there will be no commission fee involved.
Is Bitcoin gambling safe?
Bitcoin gambling is 100% safe. Your money is safer when playing with a Bitcoin casino. All the transactions that are made are encrypted. The withdrawals and deposits are faster as compared to traditional payout and deposit methods.
How fast are the transactions?
Bitcoin transactions happen within few seconds. Casino enthusiasts can utilize the cryptocurrency to have unlimited fun in Bitcoin casinos. Once you get approval, withdrawals will take few seconds.
What is an advantage of BTC casinos?
Bitcoin casinos offer a range of advantages including faster withdrawal and deposits, anonymity, convenience, and transparency.
Do all online casinos in the Philippines take Bitcoin?
Not all online casinos accept bitcoin as a preferred form of payment method. You must check the list of online casinos that accept bitcoin.
Are there any alternatives to Bitcoin?
There are some alternatives to bitcoin including Litecoin, Dash, Ripple, Monero, and Ethereum.
Why Bitcoin casinos became so popular?
Regardless of what casino you are playing, you are going to need funds. Bitcoin casinos are becoming popular for many reasons. One of the reasons is fast deposits. A traditional casino setup relies on credit card and bank transfer which may take up to five to seven days. Depositing bitcoin takes few seconds whereas bank and credit card transfers take several days to process.
Moreover, many jurisdictions do not allow the usage of real money in casinos. With bitcoins in the picture, the restriction is not there. Many internet casinos also have bonuses and promotions for those who deposit bitcoins. So, casino enthusiasts can reap multiple benefits by indulging in Bitcoin casinos.
How to buy Bitcoin in the Philippines?
If you wish to purchase Bitcoin in the Philippines, you can rely on licensed crypto exchanges, P2P marketplaces, ATMs, and Abra services. There are regulated companies such as Bangko Sentral ng Pilipinas that are licensed cryptocurrency service providers. Interested parties can use Coins.ph to buy cryptocurrency. It is one of the most reputable and reliable cryptocurrency exchanges in the Philippines. More than 10 million customers are using this platform to purchase bitcoin.
How about alternative currencies?
Besides bitcoin, you can use Litecoin (LTC), Ethereum (ETH), and Ripple (XRP), Tether (USDT), Dogecoin (DOGE) on these cryptocurrency gambling sites.
We hope that this article has proved to be helpful for you. Bitcoin casinos are getting popular in the Philippines and there is no reason why you cannot participate. Before you start your journey, make sure you get a bitcoin wallet and then add funds to it to play for real money. It provides various benefits like decentralization, faster withdrawals and deposits, and a safe play. Besides, the Philippines government recognizes cryptocurrencies as financial securities you can invest in and has embraced technology with open arms. It has become crypto-friendly too. Thus, you should consider reading more about BSP’s and CEZA’s licenses. Find out how the two bodies are regulating cryptocurrencies in the Philippines. Make sure you read the ‘how to choose a crypto casino’ section before selecting a platform. Above all, choose licensed casinos to feel safer when playing your favorite games.