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Bitcoin is the pioneer of cryptocurrencies. It was developed in 2009 by a group of individuals with the pseudonym Satoshi Nakamoto. It would go on to disrupt industries, especially the financial sector, until now.
The history of Bitcoin development began as a concept in 2008. A year later, it was the first crypto to get validated on the blockchain.
Transactions done on the blockchain are decentralized. This makes the network secure against tracking or hacking. Moreover, transactions cannot be reversed or undergo double verification.
Bitcoin is not controlled by any central computing system. It establishes a connection over multiple computers, which adds to the network. The functionality allows for seamless operations and freedom for new contributions.
Transactions on the Bitcoin network are kept in a public ledger. You can access the history to verify transactional requests on the blockchain. This builds trust in the network, making it perfect for online gambling.
The network generates random codes, which validate transactions. Such randomness makes it impossible to break the network security blocks. Bitcoin, therefore, facilitates secure payments without fear of online fraud. That’s why online casinos in Brazil accept BTC payments.
Bitcoin has been plagued by the high volatility of cryptocurrencies. The fluctuations are controlled by demand and supply. Lack of backing makes the price of Bitcoin unpredictable.
In 2021, Bitcoin achieved its highest, where one BTC was valued at USD 64,000+. The demand was more than the supply chain could handle. Many people tried hedging with it as the global economy plummeted.
However, in its earliest days in 2010, the coin struggled with adoption. Its valuation drowned to cents to the US dollar. What makes Bitcoin attractive over other digital coins is its scarcity, which raises its valuation.
Currently, there are just over 19 million Bitcoins in circulation. By design, the algorithm is set to issue up to 21 million coins, ever. The scarcity is meant to protect the coin against inflation.
That’s a little deeper than you thought. Nonetheless, it paints the exact picture of Bitcoin and how it works.
As a Brazilian gambler, you can enjoy quality gaming in online Bitcoin casinos. You can make instant deposits and withdrawals.
Bets.io Casino Review
One of the most popular casinos among BR gambling circles is Bets.io. The site comes armed with dozens of casino games, local and international.
Bets.io is owned by Bets Entertainment NV, which is registered and licensed by Curacao. The casino runs fully online and started operations in 2021.
Now Curacao isn’t exactly the best of European gambling regulators. They have avoided getting into conflicts where licensed casinos don’t pay up winnings. Despite this, Bets.io has a steady record.
The casino has over a dozen gaming providers. Popular ones include Play ‘N Go, Europlay, and Nolimit City. The platform frequently onboards new games to add to its collection.
There are up to 2000 games, including slots, aviator games, table games, and video games. Take advantage of the free demos to get up to speed before wagering. Oh, you get to select a lobby among the 228 lobbies available on the platform.
The casino is crypto-only, accepting Bitcoin and Bitcoin Cash. Minimum deposits are 0.0001 BTC/BCH from your favorite wallet. Withdrawals are capped at a minimum of 1 BTC per transaction.
You enjoy free instant payments processed on the CoinsPaid system. In the event of an issue, reach out to customer care via email or live chat. They offer support in various languages, though not in Portuguese.
Bitcasino.io is a game changer in the Brazilian gambling industry. It started in 2008, serving players in different countries, including Brazil. Since then, it has become a preferred choice for many casino players.
Moon Technologies B.V. owns Bitcasino.io. The company is registered in Curacao and focuses on providing crypto-oriented gaming platforms.
You will find over 2,000 casino games on this platform. They are mobile-friendly to allow you to wager on the go. 20+ live casino dealerships will keep you engaged all through.
Game suppliers for Bitcasino.io include big names like Play ‘N Go, Big Time Gaming, and Pragmatic Play. Games are added periodically to feature fan favorites. Play slots, table games, and live dealer titles anywhere in Brazil.
Of course, Bitcasino.io accepts crypto payments. You can use your crypto wallets or e-wallets. E-wallets for crypto include Neteller, Skrill, Pix, ecoPayz, and Astropay. All this information is available on-site (accessible in Portuguese).
A minimum deposit amount of 0.25 mBTC is needed to play. This may change depending on the deposit method you use. Withdrawals start at 0.50 mBTC and are processed via the previously used deposit method.
Expect your payments within 72 hours after withdrawal. VIP members have expedited withdrawals for up to 24 hours.
Skycrown Casino Review
Another casino that supports Bitcoin in Brazil is SkyCrown. It’s relatively new, only opening its doors in 2022. However, they have multiple games that even older casinos lack.
Hollycorn NV owns and operates SkyCrown with a Curacao license. It accepts offshore players, including Brazilians. In fact, the platform is available in Portuguese.
Play a multitude of games in this casino, including slots and poker. Game suppliers include Play ‘N Go, iSoftBet, and Iron Dog Studio. You can play fan favorites like blackjack, slots, video poker, and baccarat.
SkyCrown hosts 6,000+ casino games on its platform. 5,800+ of these games are compatible with mobile gambling to play on the go. Additionally, 200+ live games provide dealer interactions.
The casino supports crypto payments using popular e-wallets like Neteller and Rapid Transfer. You can also have a dedicated Bitcoin or Bitcoin Cash wallet for faster payments. Payments will take up to 3 days but are instant in most cases.
You need a minimum deposit of BTC 0.0001BTC or BCH 0.001. Withdrawals are a minimum of BTC 0.0002 or BCH 0.01. All crypto payments to SkyCrown Casino are free.
A loyalty program awards frequent gamblers with cashback and other promotions. New users get free spins on slots and bonuses on deposits too. Playing here is just fun and rewarding.
Opening a Bitcoin account is fairly easy and fast. The system uses high-tech recognition systems to validate new users quickly. You will spend less time in the process, allowing more time for gambling.
Bitcoin is a decentralized currency that settles on the blockchain. To buy Bitcoin tokens, you need a wallet to store them. A Bitcoin wallet allows you to transact as you wish.
There are three types of Bitcoin wallets:
Your choice is informed by your use case, the number of coins you want, and complexity. For starters, a mobile or software Bitcoin wallet will serve you well.
Once you identify the type of BTC wallet you want, follow these steps to set it up:
Latop or mobile
Select your preferred wallet
Many wallets offer Bitcoin storage. Select one based on chargeable fees on transactions. These may eat into your account balance. Security is another important aspect to consider. Most wallets use cryptography to secure their firewalls against fraud and hacking.
Lastly, your selection should have good conversion rates to other currencies. Check if the wallet supports your preferred currency for easy withdrawals. Conversion rates may increase or decrease your winnings substantially.
Download the app on your smartphone or computer
Mobile and software Bitcoin wallets have free downloadable applications. Select a suitable download option based on your operating system. There are download options for Linux, Android, iOS, and Windows.
Sign-up for a new account
Fill in all the KYC information required by the provider. Note the important codes that a specific wallet may need to validate your account. After this, your account will be ready for use.
Common documents that might be requested are a form of identification and a utility bill.
Set your unique account password
Part of having a secure Bitcoin wallet is setting a strong password. Avoid common phrases and names that might be easy to guess. A strong password should be unique and familiar only to you.
Buy Bitcoin tokens
Most Bitcoin wallets are attached to a trading marketplace for easy trading. You can purchase Bitcoin tokens based on the prevailing rate.
Some wallets are not connected to a Bitcoin exchange platform. In such cases, you can buy BTC from another crypto exchange and fund your wallet via the receiving address.
Send and receive Bitcoin
Congratulations! You can now send and receive payments to your online casino. Note the receiving address to avoid sending or withdrawing to the wrong wallet.
Transaction costs are always a factor when making payments. They can significantly add to the cost of sending or receiving money if not checked.
Luckily, Bitcoin casino transaction charges in Brazil are pretty standard. However, only three charges will affect you when moving Bitcoin tokens. These are:
All transactions on the Bitcoin network attract small charges. These are marginal in comparison to the advantage of fast payments. The fees are used to facilitate the transfer.
Usually, the sender bears the network resources used to transfer tokens to their destination. The fees are usually a small percentage of the amount sent.
Network fees vary depending on the amount sent and the destination.
Crypto exchange platforms charge exchange fees when you buy or sell Bitcoin. This amount can be a flat percentage or tiered. The fees vary depending on the platform, though. It’s always good to compare different exchanges for the best value.
Tax on Bitcoin
Proceeds from the sale of cryptocurrency are taxable in Brazil. Profit made from sales of Bitcoin attracts income tax on the profits made. The rate is 15% to 22.5%, depending on the amount.
Taxable gains from crypto trading are for sales made in a month. The sale must be in amounts exceeding R$35,000 in a month for a tax year. You don’t pay capital gains tax if you sell Bitcoin at a loss. Buying crypto is also not taxed since no capital gains are realized.
But since you want to use BTC for casino transactions, this type of cost should be fine for you.
Bitcoin is hands down one of the best cryptos there is. But not everyone likes how volatile it is. In that case, you may consider using alternative payment methods. In Brazil, you can use:
One of the most popular payment solutions in Brazil is PicPay. It offers competitive financial services in money transfer. Users get prepaid cards to use on different platforms and an e-wallet.
PicPay casino deposits are usually instant. However, there are charges for money transfers to online casinos. The fees aren’t that significant, though.
Pay4Fun is another alternative payment solution in Brazil. It’s an e-wallet that comes loaded with features to make payments easy and fast. You can access multiple currencies and connect them to your Brazilian bank.
Pay4Fun offers instant deposit transfers and up to 24 hours for casino withdrawals. The banking solution is perfect for small payments that would cost you on bank transfers.
Statistically, Visa is a major shareholder in the financial services sector. It facilitates borderless payments in up to 180 currencies.
Visa cards are used globally for banking and payments. They also offer support for other payment solutions using their APIs.
The downside of using Visa is the banking fees associated with it. The currency conversion rates are higher compared to other payment methods. But in terms of security, it could be a great alternative to Bitcoin.
|Less than 10
|Less than 10
|Up to 72 hours
|Up to 72 hours
|Up to 72 hours
Bitcoin is a digital currency that operates on a peer-to-peer internet network. It eliminates the need for supervisory authorities and middlemen in transactions. For this reason, many casinos in Brazil are increasingly integrating Bitcoin into their payment systems.
One of Bitcoin’s significant benefits is its decentralization. Funds are secure from third-party charges like bank fees and transfer taxes. As a result, you have direct control over your money, making it safe and secure.
Another advantage of Bitcoin is the anonymity it provides. Users don’t need to give out personal data to perform transactions. This makes it less susceptible to identity theft, a concern with other traditional payment channels.
Bitcoin transactions are irreversible and error-proof, and chargebacks are not possible. Therefore, the record on the public ledger is final. Only crypto can offer this kind of security and assurance.
If you frown on KYC online casinos, BTC casinos are your best option. They require minimal personal data to make or receive payments. Deposits and withdrawals at these BR casinos are also instant and efficient.
What’s more, Bitcoin network fees are minimal. It means you can affordably transact securely at your convenience.
As a Brazilian gambler, Bitcoin casinos are your best bet. You will get a fast and convenient online gaming experience.
And who doesn’t like convenience? We do, and we had these Bitcoin casinos listed for you too! Check them out for your gambling needs in Brazil.
Anyone can use Bitcoin to gamble online. However, different Bitcoin casinos in Brazil have different access ages to gambling, mostly 18 years. You have to be of age to be granted entry into these casinos.
Bitcoin uses decentralized blockchain technology to facilitate transactions. All payments made are untraceable, irreversible, and therefore secure.
Yes. Many BTC casinos now accept registrations from Brazil. We have listed the top casinos for you to try. These gaming sites are fast paying with a commendable track record.
Withdrawals in Bitcoin casinos vary, with most transactions being instant. However, allow up to 3 days for the payments to reflect.
Games of chance, including online casino gambling, are prohibited in Brazil. However, you can play at offshore BTC casinos that accept Brazilian players.
No records show any legal punishments for online casino gambling in Brazil. However, offshore gaming companies can be banned or fined for operating in the country. There’s nothing to worry about as a player.
Petter is passioned about fair gaming and online casinos. He reviews the deposit, verification & payout times of each of the casinos at fast.bet manually.