With better privacy and high transaction speed, cryptocurrency has got a hold of the gambling world in recent years, with South African punters now able to get involved, too.
We have reviewed the best Bitcoin casino South Africa has to offer, covering the most generous bonuses, minimum and maximum limits per transaction, the reliability of exchanging funds to Bitcoin, etc. So, let’s dive in and present our detailed and unbiased analysis of the most trustworthy online gaming platforms in South Africa that accept Bitcoin. Explore the full list of the most worthwhile gambling sites in the country where you can make payments via BTC.
Everything You Should Know About Bitcoin
Bitcoin is a peer-to-peer electronic cash system and a widely accepted cryptocurrency. Launched in 2009 as the first cryptocurrency, it was soon viewed as an ideal vessel for virtual gaming transactions since it was not associated with any bank. However, it took three years for BTC to become an available payment method at an online gaming platform with the establishment of SatoshiDice Casino.
However, today, Bitcoin is acquired as the golden standard in the crypto world and hence has greater recognition and credibility than any other cryptocurrency. It operates based on blockchain technology, and no governments or banks can regulate Bitcoin transfers. This secures the privacy and integrity of the user’s sensitive data.
Although Bitcoin is known as a fluctuating cryptocurrency, the overall trend shows a medium to long-term upward trend. Thus, you can feel completely secure using BTC to store wealth.
All these contributed to Bitcoin becoming the casino payment method of choice in South Africa, with plentiful benefits driving this trend. Today, the local iGaming market offers both classic and blockchain casinos. If the former allows players to conduct transfers in Bitcoin, altcoins, and fiat currencies at blockchain casinos, it’s possible to gamble only for cryptocurrency.
The suggested array of fair-proven games also makes Bitcoin casinoі in South Africa unique. In the provable fairness concept, every bet is a financial transaction fixed as a smart contract. As a result, every spin depends on the generated code in a new block, making it impossible for the casino to alter the outcome of a spin.
Bitcoin Commissions
Top BTC casinos in South Africa don’t withhold fees or commissions upon conducting crypto transactions. This refers to both depositing and withdrawing funds from such gambling platforms. Nevertheless, this observation pertains to only those casinos we tested and analyzed. Some sites may still apply a small processing fee of 0.0001 BTC, which can go virtually unnoticed or almost free.
Ideally, no hidden fees and commissions are applied to any crypto (including BTC) transfers; you just pay the nominal network fee per transaction. But if you are dealing with a classic casino that accepts crypto and currencies, around 1% to 1.5% commissions might be charged for making payments via a bank card or electronic service.
Global Bitcoin Access
Bitcoin and other cryptocurrencies are generally welcomed in most of the world. Furthermore, most countries have embraced this phenomenon as a promising financial innovation and brought forward all-inclusive regulatory frameworks for crypto development support. And yet, several countries have prohibited the use of Bitcoin, and some have limited its use to a certain extent. Notably, the cryptocurrency is completely banned in Algeria, Qatar, Bangladesh, The Republic of Macedonia, etc.
As for South Africa, even the most popular local bank, SARB (the South African Reserve Bank), has stated there are no plans on banning or restricting cryptocurrency use in the country. South Africa has a supportive regulatory environment.
Tech Support in SA
Based on our observations, the customer service of a Bitcoin casino or the lack thereof, speaks about the difference between a reliable and a terrible gambling platform. Accordingly, one of the most significant points of choosing a gambling site is its customer assistance. It should be a top priority for any operator to provide its users a chance to contact a tech specialist around the clock.
A good Bitcoin casino in South Africa provides support 24/7 through various contact forms, from email to on-site live chat.
If the casino you play at cannot solve your problem, you can seek help from the Bitcoin.com team. A whole load of articles is devoted to getting started with BTC, selling crypto, etc. Also, users can submit a request at Blockchain.com to get BTC-related assistance.
Bitcoin As Casino Deposit Method in South Africa
In comparison to standard banking methods like e-wallets, credit and debit cards, and bank wire transactions, Bitcoin transfers are lightning quick. Every Bitcoin casino South Africa can offer processes BTC deposits within minutes.
The procedure of an easy account replenishment with cryptocurrency must be performed per this step-by-step instruction (it’s identical across all online casinos available in the country):
- Open the official casino site on a desktop or mobile browser.
- Go to the Cashier section and choose the Deposit option.
- State the amount of BTC you want to cash in (normally, the amount can be expressed in decimals as few punters deposit 1 or more BTC at once).
- The casino will provide a link (the casino’s crypto wallet address). Copy it and go to your crypto wallet.
- Open the transactions section in your online wallet and choose “Send”.
- Insert the copied link and state how much you are going to transfer.
- Confirm the transaction.
The funds will be credited immediately.
Bitcoin as a Casino Withdrawal Method in South Africa
To withdraw your earnings via crypto from a Bitcoin casino in South Africa, complete these steps:
- Log into your casino account on a desktop or mobile browser.
- Go to the Cashier section and choose the Withdrawal option.
- Type the amount of money you want to withdraw.
- Insert the link/key address to your crypto public wallet so the casino can send the funds. Also, it’s possible to scan the address as a QR code.
- Expect the real money to be credited to your account within 24 hours.
In most cases, a withdrawal is processed even quicker. You can get the pending time displayed on the casino site.
Pros and Cons of Bitcoin Casinos
Bitcoin is a highly beneficial payment method for online casinos in South Africa. They ensure complete anonymity of transfers. Upon carrying out a BTC transaction, you don’t have to input sensitive payment information like credit card numbers or the CVV code. Instead, all operations go straight from one BTC wallet to another, thus eliminating any possibility of fraud. The history of every transaction is built into the blockchain with no risk of information leakage.
However, some points might repel an African user. Therefore, after thorough consideration, we have schemed the basic benefits and downsides of BTC gambling:
- Privacy and Anonymity
- Increased Max Limits for Transactions
- Low or No Transaction Fees
- No Taxation
- Instant Deposits and Speedy Withdrawals
- Simplified Depositing and Withdrawing Procedures due to QR Coding
- Favorable Bonus Range and Multi-Level Loyalty Program
- Provably-Fair Games
- Volatility
- No Chargebacks Allowed
Final Thoughts
Our in-depth review of every Bitcoin casino South Africa has to offer was based on such essential factors as follows:
- Brand Reputation: Due to the massive explosion of Bitcoin casinos into the iGaming market, more shady operators have come to light. In the course of our investigation, all casinos with bad reputations have been left out of the final list.
- Diverse Game Selection: Every Bitcoin casino South Africa reviewed stands out for an ever-growing massive library of games by leading software providers. You can play slots, table games, crash games, and live dealer variations.
- Fast and Secure Payments: Our detailed investigations and personal tests proved all the reviewed casinos provide impressive quick money transfers.
- Stellar Security: With any of the presented BTC gambling sites, you can be sure your personal and financial data is kept safe and your gambling history private.
Join any Bitcoin casino we recommend, and be sure to get a fantastic gambling experience under premium conditions!
