Bitcoin Casinos for UK Players

bitcoin-casinosThe UK gambling sector is competitive, well-developed and strictly regulated at the same time. The legislative changes that have been implemented recently, led to greater transparency and ensured players’ protection against dishonest practices. The regulations regarding the participation of minors in gambling activities became even stricter. UK gambling officials are also planning to impose a ban on gambling-related ads broadcasting during the day. All these efforts are dedicated to the “responsible gambling” cause and this is the main reason why the UKGC eyed the usage of Bitcoin as a deposit/withdrawal method in online casinos.

The UKGC authorities made it clear that online gambling operators that offer Bitcoin as a payment method need to comply with the existing gambling laws. The UK gambling regulator also stated that every operator needs to have a license in order to provide gambling products and services in the UK.

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As far as the legal status of Bitcoin is concerned, it seems for now, the cryptocurrency is to remain largely unregulated. Back in March 2015, the UK government announced that payments via Bitcoins should be regulated, so the money laundering schemes are curbed and players are protected.

As the cryptocurrencies are finding their niche in the online gambling sector due to the low fees and the faster transactions, there were speculations that Bitcoin is actually increasing its size on the UK market. The truth is that the UK Bitcoin casinos are still few, but it seems Bitcoin’s popularity is actually increasing. Expectations are Bitcoin to become prevalent within the market, but that’s going to be a long, slow process.

If you are based in the UK and you, for one reason or another, are not willing to use any of the other deposit/ withdrawal methods, you should know that currently, the number of hybrid casinos accepting Bitcoin is pretty limited. One of the reputable online gambling spots where Bitcoin is accepted is Raging Bull.

The latter is a RTG-powered casino, that holds a license issued by Curacao gambling authorities. It offers a nice selection of gaming titles as well as attractive bonuses for new and existing players. The casino offers a plethora of deposit/ withdrawal methods, but they have taken their payment system to new heights when they started accepting Bitcoin.

All Raging Bull customers are welcome to use Bitcoins for performing fast and secure transactions without exposing their personal or banking details at risk. The transaction is not monitored and processed by a third party (bank), which optimizes the entire process.

If you decide to make a deposit via Bitcoin, you need to know that Raging Bull has a no-deposit bonus for players who start with Bitcoins and enter a promocode, generated especially for the purposes of the promotion.

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