Bitcoin is a cryptocurrency, a digital asset designed to work as a medium of exchange. It uses cryptography to control its creation and management. Rather than relying on central authorities.
The presumed pseudonymous Satoshi Nakamoto integrated many existing ideas from the cypherpunk community when creating bitcoin. Over the course of bitcoin’s history, it has rapidly grown to become a significant digital currency. Only in the mid-2010s when many businesses acknowledged bitcoin as a potential payment method.
Bitcoin is decentralized. It has no central bank or authority that enforces financial policy. Instead, it verifies its transactions through cryptography. Transactions are confirmed as soon as they are included in blockchains. The blockchain acts as an online ledger that records every transaction ever made.
Today bitcoin has grown to become a dependable payment option for many businesses. There are numerous BTC casinos in the Philippines. All depend on bitcoin for free and secure transactions, either through deposits or withdrawals. The transactions are also fast and peer-to-peer. No intermediary will have access to your winnings, hence lower risks.
Ultimately, the use of Bitcoin in gambling is still very young but rapidly growing. At the moment, many casinos accept Bitcoin as a form of payment. However, some offer better conditions than others. Read on if you want to know which casinos accept Bitcoin today!
Bitcoin casinos are no longer just for Bitcoin players. They cater to all players. You can play with your preferred currency and enjoy the same benefits as bitcoin players.
In some cases, you can also decide to withdraw your winnings in bitcoin. Then later exchange them for fiat currencies. So, it depends on your choice and preference.
However, the fact remains that the best bitcoin casinos have fast payouts, fast withdrawals, top-notch game selection, and multiple payment methods. We will review the top Bitcoin casinos that offer the fastest withdrawals below
Bets.io Casino Review
This is one of the fastest Bitcoin casinos that offer a wide selection of games to all players.
It has recently entered the market by storm, winning the hearts of many crypto Philippine gamers.
It offers a top-notch game selection, including the latest slot and table games. The games are accompanied by plenty of bonuses, including daily promotions and referral rewards for first-time depositors.
Bets.io offers fast withdrawals via Bitcoin (BTC) – it only takes up to 2 hours for your winnings to clear! The site also accepts other notable payment methods like credit cards, PayPal, and bank transfers.
So, no matter what method you choose as your preferred payment method, you can expect to collect your winnings.
Bets.io has multiple security measures for players’ safety and privacy. This includes 2-factor authentication and SSL encryption technology in all initiated transactions. So, you are guaranteed safe gaming in this fast-withdrawal casino.
BC Game Casino Review
This is another common fast-withdrawal casino in the Philippines. It has a wide selection of games, including table games, slots, and live roulette. In this top casino, you can also play baccarat, win palace, and blackjack games.
The BC.game platform offers a variety of bonuses to players. New players can enjoy welcome bonuses, while veteran gamers can enjoy no-deposit bonuses. There are also free spins as well as cashback bonuses.
This unique casino design makes it stand out from the crowd. Its interface is easy to use, with large buttons and clear navigation instructions. You can easily locate your favorite slot or poker game without much hassle.
Withdrawing money from your B.C.game casino account is a no-brainer. You only need to link your bitcoin wallet as your preferred payment method. After initiating the payments, you can expect to have your winning paid out within minutes.
Your winnings will be paid in full since bitcoin charges no transactional fees. Additionally, there are no limits on how much money you will withdraw from B.C.game casino.
Wazamba Casino Review
Founded in 2019, Wazamba has become a reputable online casino in the Philippines. It offers a wide selection of games capturing the test of all Philippian gamers.
It hosts hundreds of slot and table games, including the latest versions. Other popular games include baccarat, blackjack, and video poker. No doubt, Wazamba has something to scratch your back.
Wazamba has a solid reputation for prompt withdrawals. You can expect your winnings instantly, depending on your payment methods. For fast withdrawals, bitcoin is your best bet. With BTC payment, you will get your funds instantly or within 2 hours. Similarly, you won’t be charged transaction fees.
Wazamba offers other gateway options, including PayPal, Skrill, and bank transfers. It all depends on your convenience.
Did we not mention the juicy bonuses and promotions offered? Wazamba Casino has a generous welcome bonus that can be claimed when you make your first deposit. This bonus is available to new players only and has a set maximum cash-out amount.
There are no playthrough requirements or restrictions on this bonus either. You can use the bonus funds as often as you like. You don’t have to worry about losing them or having any playthrough restrictions placed on them.
Wazamba is definitely worth any player’s time to check it out.
To open a bitcoin account, you will need to open a digital wallet. You can open one with Coinbase or Circle or rely on exchanges. Here is how to go about opening a bitcoin account.
Laptop or mobile
Find a reliable crypto wallet.
Foremost, download any reliable crypto wallet from the App store or Play store. If you have an iOS device, open the App Store on your iPhone and download and search for the app. Do the same for Android users, but this time access the app from the Play store.
Proceed and install the app.
On opening the app, you should be able to note down a 24-word recovery phrase. Keep that phrase confidential for your account’s security purposes. Follow prompts as dictated by the app.
Set a strong password for your bitcoin wallet.
You can use any combination of letters, numbers, and symbols (including upper and lower case). Use an app like LastPass or 1Password for this purpose. Ensure the password is at least 12 characters long and does not contain common words like “password” or “login”!
Make a BTC deposit.
After creating a password, your account should be up and running. So, proceed and add bitcoin to your wallet. Now congratulations, you have successfully opened a bitcoin account.
Bitcoin transactions are decentralized. So, the transactional charges in many BTC casinos vary depending on various factors.
Some casinos offer free and unlimited transactions, while others charge depending on the convenience and processing time. However, the transaction fee is usually lower than what PayPal or Skrill would charge.
Arguably, any top bitcoin casino in the Philippines will offer free transactions to all its players. So, you can consider this when choosing your next bitcoin casino.
Bitcoin is the most popular cryptocurrency in the world, but it’s not just for techies and nerds anymore. It has become a mainstream payment method accepted by many online casinos in the Philippines.
Bitcoin has many advantages over traditional casino payment methods. For instance, Bitcoin transactions are fast and anonymous. Similarly, bitcoin charges zero fees for all its transactions. So, you can expect to withdraw all your winnings wholly. It doesn’t end there, as bitcoin relies on no intermediary to process transactions. So, you can expect your winnings to be paid out quickly and efficiently.
Bitcoin is also accessible from anywhere in the world. You don’t need to be physically present to use bitcoins for gambling purposes. All you need is an internet connection and a mobile phone with an app installed. Exchanging bitcoin with fiat currency is a no-brainer since it offers diverse methods.
Litecoin is a peer-to-peer digital currency that enables instant payments to anyone globally. It is an alternative payment method in many bitcoin casinos in the Philippines. Since its inception in October 2011, it has earned huge traction as one of the best bitcoin alternatives.
Litecoin is open source and completely decentralized, with no central bank or single administrator. It can process transactions faster than nearly any casino payment method other than bitcoin.
As its counterpart, bitcoin, its transactions are free, secure, and fast. You can rely on this if your favorite casino doesn’t accept other cryptocurrencies.
Tether is another common cryptocurrency backed 1-to-1 by fiat currencies. It’s popular among many crypto gamblers due to its lower transaction fees and fast transactions.
Tether will allow you to use your favorite casino’s deposit method without having to deal with exchange or processing fees. You’ll be able to make fast withdrawals in fiat currency (i.e., U.S. dollars) at any time.
Remember, Tether’s goal is to provide users with a stablecoin that can be used in place of fiat currencies. It has been described as a “stablecoin” because it is designed to have the same value as one U.S. dollar. Similarly, its value, in most cases, is not affected by fluctuations in prices in the market.
Tether has several advantages compared to other cryptocurrencies, including:
There are also risks involved with using Tether at online casinos. You are trading real money for chips and vice versa. You could lose your bitcoins if the casino goes bankrupt after taking your deposits. This occasionally happens with other virtual currencies.
Dogecoin is another alternative cryptocurrency you can use to make payments in your casino accounts. You will need to buy Dogecoins online, then transfer to the corresponding casino crypto account.
There are two ways of buying Dogecoins: on a cryptocurrency exchange or through a payment service. You can purchase them with fiat currency or cryptocurrencies, such as Bitcoin or Ethereum.
The main features of this coin are its lower transaction fees and faster transactions. You can expect your winnings instantly or even minutes after payment initiation. It is indeed a good alternative for BTC in many Philippine casinos.
|Casino withdrawals||Withdrawals to bank account|
|Litecoin||Instant/ Few minutes||3-5 business days|
|Tether||Instant||3-5 business days|
|Dogecoin||May vary, instant or a few minutes||3-5 business days|
|Bitcoin||Instant||3-5 business days|
As mentioned earlier, there are many Bitcoin casinos available in the Philippines. However, the best BTC casino will offer fast withdrawals, a wide selection of games, and multiple payment methods.
Be wary of scummy bitcoin casinos promising you unrealistic bonuses. You should, therefore, only consider reputable casinos licensed by various gambling authorities. Also, consider their customer support; they should be able to respond to your queries efficiently.
All in all, whether you’re a casual gambler or a serious high roller, you have plenty of options in the Philippines. From the casinos mentioned above to many other recently established casinos. Your choice will depend on your taste and preference.
There are many reliable bitcoin casinos in the Philippines. You only need to be choosy when looking for the best option. Only consider casinos with good reputations and positive reviews. They should also offer multiple payment options as well as fast withdrawals. You should be able to spot at least five reputable bitcoin casinos in the Philippines.
Bitcoin casinos normally offer plenty of bonuses to players. These include welcome bonuses, no-deposit offers, cashback bonuses, and daily promotions. However, you should prioritize the terms and conditions of these bonuses.
Apart from Bitcoin, there are other crypto alternatives you can rely on in casino payments. For instance, you can use Litecoin, Tether, and Dogecoin. You can also rely on other payment methods like PayPal, Neteller, Skrill, and bank transfer.
Most Bitcoin casinos offer a variety of games, including the latest slots, poker, and blackjack. You should be able to find a game that wins your heart.
Various gambling commissions license most bitcoin casinos in the Philippines. You should be able to spot that on their website. You should also look for the BCLB number to verify their legality. Any legal casinos in the Philippines will treat all players fairly.
Yes, most casinos in the Philippines are mobile-friendly. They even have mobile apps for both Android and iOS operating systems. Similarly, most casino software providers have their games available on both platforms so that you can play from your phone or tablet.
Playing live casino games in bitcoin casinos is easy. You only need to have an account with the casino and a stable internet connection.
Foremost, bitcoin is decentralized. So, no intermediary can interfere with your payouts. Similarly, transactions in bitcoin are recorded in ledgers and then entered into blockchains. Most of the work is done by computers, hence no room for errors/delays. This in turn makes bitcoin transactions fast and more secure.
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.