Cryptocurrencies in Online Casinos

If you’re not familiar with Bitcoin & Cryptocurrencies and why we love them so much, we should have a quick visit to the classroom for a short history lesson.

The year was 2008, and the pseudonym Satoshi Nakamoto invented Bitcoin. It was launched for the first time in 2009 when the first block of bitcoin was mined. Quickly, a lot of people saw how beneficial Bitcoin was because you could transfer money anonymously.

In 2016-2017, Bitcoin became more and more popular in “mainstream” media, and the price of a single bitcoin skyrocketed. From being worth about 30 cents per coin in 2011, it was now worth about 24.6 thousand Canadian dollars by December 2017.

Today we also have a ton of altcoins, that is, alternative coins, but Bitcoin is still the most popular and highest valued cryptocurrency. And we don’t even know who the founder is – or are! There’s still a debate on whether Satoshi Nakamoto is one person or a group of people.

If you want to know more about Bitcoin, you can either keep reading or check out our article with everything on Bitcoin and crypto. Over there you’ll also find more details on the best bitcoin wallet not only in New Zealand but in the world.

Playing At a Bitcoin Casino

What’s the difference between playing at a casino with Bitcoin from a regular casino? What am I missing out on?

It turns out, that there aren’t that many differences. And instead of missing out, you’re actually getting more. Let’s dive into it. When it comes to games, you can play anything from the popular game providers to the small studios. Some Bitcoin casinos even offer unique games only for Bitcoin players, so there’s nothing you will be missing.

The bonuses at Bitcoin casinos also tend to be better, this is because it’s rising in popularity and more and more online casinos are competing for your attention. In other words, you should not have any trouble finding a good casino with Bitcoin.

And when it comes to VIP programs, you will also not have any trouble finding an online casino that offers great VIP prizes and offers. The same logic applies here; the more casinos that are competing for your attention, the better VIP programs and prizes you will find.

Sports Betting With Bitcoin & Cryptocurrencies

Yes, of course, you can also bet on sports with Bitcoin! It’s one of the best things about sports. Most online casinos in New Zealand that offer Bitcoin as a deposit method will offer sports betting as well. And the best part is that there is usually no difference in the games they offer to Bitcoin players versus fiat players.

When we recommend the best New Zealand Bitcoin casinos with sports betting, we make sure that they offer a good variety of sports, and especially hockey, of course. We also prefer some virtual sports so we can keep betting even when the season is over, or the game is not on yet.

Sports betting is also different from many other online casino games. Where live casinos and slot games are all about luck, sports betting relies a lot on skill, knowledge, and only a sprinkle of luck instead. This means that if you are not familiar with the different players in the team and the coaches, you might not be winning a lot.

On the other hand, though, even if you know exactly what all of the players had for breakfast, you can’t predict if a player will injure themselves or simply have a bad day in the field. What we’re trying to say is that you shouldn’t bet your entire bankroll on one bet. And remember to only play for fun and never chase any losses.

Slots With Bitcoin

Slots are one of those very popular game categories at online casinos. And of course, you can play slots at online casinos in New Zealand with Bitcoin.

All slots have a random number generator (RNG), that will randomly put different symbols on the reels. If you’re lucky, identical symbols will land on a winning pay line and you can collect anything from a small win of a couple of cents to a million-dollar jackpot.

However, you should also keep the RTP percentage in mind, that is, the Return To Player. This is usually displayed by the slot itself in the lobby, and it will tell you how much you should get back on your bets over time. You’ll want the highest RTP possible for the biggest chances of getting a winning combination.

Lastly, you should also keep an eye out for volatility. The volatility will tell you how often and how much you will win. These are always opposites, meaning, a lot of wins will always be at a lower amount each time, and few wins will mean that the wins will be bigger. The latter, high volatility, is better if you have a big bankroll while the former, low volatility, is good if you like a lot of wins but have a smaller budget.

Gaming With Cryptos Pros and Cons

Playing at online casinos is fun, but there might just be a couple of reasons why you should not play with Bitcoin at a casino in New Zealand.

Cons

  • Bitcoin is volatile, it might quickly increase in value or lose value during the time you’re playing, and therefore you might get less bitcoin back if the casino is converting your Bitcoin to New Zealand dollar.
  • Finding the best Bitcoin wallet in New Zealand might be difficult as there are a ton of options. Luckily, if you keep reading, we will give you some tips.
  • If there’s a problem with the transaction in the blockchain, you might be able to get help from neither the wallet provider nor the online casino.
  • Would you ever find yourself in a situation where your Bitcoin has been stolen or you have deposited to a scam casino, you can’t reverse the transaction.

Pros

  • Bitcoin is a currency, and you can use it in the same way as you would with fiat currency, where Bitcoin is accepted.
  • When it comes to safety and personal anonymity, Bitcoin easily outranks other payment methods like credit or debit cards and even PayPal.
  • If you’re playing at online casinos that we recommend, you will always deposit to safe and trustworthy online casinos with Bitcoin.
  • A Bitcoin casino typically has better bonuses than any regular casino thanks to its rising popularity.

Lottery with Bitcoin

Some might see the lottery as something only old ladies play. But the truth is, lottery, keno and bingo are actually really popular in the younger crowd. It’s a great way of betting on your lucky numbers and having the chance of winning on giant jackpots. And compared to jackpot slots, you don’t have to spend a ton of time or a ton of money playing to have a real chance of winning.

Lottery is one of those games that are also available at casinos with Bitcoin. However, just about every casino in this category is converting your deposit to dollars. That means that you will also withdraw from dollars, but you can convert it back to Bitcoin.

The good thing with online lottery casinos with Bitcoin is that you can play at not only New Zealand lotteries and jackpots, but also international lotteries.

If you want to play at the Norwegian lottery, you don’t need to take the next 12-hour flight over, you can just bet online with a couple of clicks!

Poker in New Zealand

Most people have tried poker at least once in their life, and no wonder – it’s a really entertaining game. Who has the best poker face and who always ends up winning?

When it comes to poker at a Bitcoin casino, you don’t have to worry about your poker face. Nobody will see or hear you, so you can be as loud as you want – or you can practice keeping everything low-key. And yes, there are New Zealand casinos that offer BTC as deposit methods and also have poker in their live casino or in virtual table games.

However, at these tables, you’re usually playing against the house rather than other players – even though the latter also exists. If you want to try out some Bitcoin gamble at online casinos in New Zealand, you can check out our list at the top of this page.

How To Keep Your NZ Bitcoins Safe?

As we mentioned, if your Bitcoins are stolen or if you deposit to a scam casino (why did you not go with a casino we recommend?), you can’t use chargeback to get your coins back to your wallet.  That’s scary to think about, so let us explore the two ways of keeping your bitcoin safe.

The first thing to think about is to use one of the best bitcoin wallets in New Zealand and to use a good password and two-factor authentication.

The second thing is to go for online casinos that have a valid, reputable, and trustworthy online casino license, and are safe to play at. This is where we come in.

But before we go into that, let’s explore the best bitcoin wallets first.

Choosing the right wallet

When you’re choosing the best New Zealand bitcoin wallet it can be difficult, it’s hard to know which ones are good and which ones to avoid. Then there’s the whole thing with preferences, the right wallet for you might be the wrong one for someone else. There are several different options. You can go for an old-school wallet on a removable device, like a USB key, or you can go for a modern app that is easily accessible from your phone at any time.

Here are three alternatives, one is an app on your phone, one is stored offline on your computer and one is a bit of both.

  • Electrum was one of the first wallets to exist. It’s a very popular bitcoin wallet not only in New Zealand but also in the world. This is a user-friendly wallet with two-factor authentication and an offline storage alternative. It’s a great and safe option for a Bitcoin wallet, and some call it the best Bitcoin wallet in Canada.
  • Edge is the wallet that is only on your phone. You can use it with both iOS and Android phones, and it’s very user-friendly, which is why we consider it as one of the best Bitcoin wallet New Zealand. If you’re into more crypto than just Bitcoin, then this is a very good option. They support 31 coins at the moment, and more are added as requests come in.
  • Coinbase is the last contestant for the best New Zealand Bitcoin wallet, you can access your wallet on both the computer and your phone and it’s one of those really highly ranked and popular Bitcoin wallets in New Zealand. With Coinbase you can also buy more Bitcoin or other cryptos. The only thing to keep in mind is that you have to verify yourself before you can use the wallet, so expect a couple of days to pass after you’ve signed up before you can use it.

How To Keep Your Crypto Wallet Safe?

You’ve downloaded and signed up for what you think is the best New Zealand Bitcoin wallet, now you just have to keep your login safe.

Just like we don’t wave our credit cards around or say our pin code out loud as we enter it when we pay at a store, you should also keep the password for your Bitcoin wallet safe. When you pay with a card at the store, you’re actually using two-factor authentication. The first is the card itself and the second is your pin.

When it comes to cryptocurrency, since it’s not a physical card but rather something on your device, you’re susceptible to hacking. And that’s why you need two-factor authentication on your login so that only you can access your stash of Bitcoin or other altcoins.

There are some golden rules to your password too. The first is that you will probably be safe if you stay away from using real words (also alternative spellings like “p4ssw0rd” or “drowssap”). The second step when choosing a password is to also have at least one capital – preferably not at the very start or end of your password.

Lastly, remember to always include a number and a special character (like !, ?, £, $, @, etc.) in your password. The more, the better, but don’t forget about regular letters too. Keep the password at least 8 characters long and your wallet should be safe from most hacker attacks.

How To Choose a Safe Bitcoin Casino?

You might have the best and safest password for your Bitcoin wallet, but if you deposit at a casino that is a scam and only poses as a real casino, you can still lose everything you deposit.

If you want to know how to stay safe when choosing a BTC NZ casino, keep reading. But remember that we do all of the hard work for you here at Viabonus, so if you choose one of our recommended online Bitcoin casinos, you’ll always know that they are fair and safe to deposit at.

Would you rather go on your own casino verification adventure, you need to figure out if the casino has a legit casino license in general, and if it’s specifically allowed in New Zealand. Another thing to look for is if the casino has trusted casino games that also are regulated properly. Lastly, you want a casino with safe deposit and withdrawal methods.

All about licenses

Never compromise on an online casino license. Three big overseas casino licenses are legal in New Zealand, the Malta Gaming Authority (MGA), the United Kingdom Gambling Commission (UKGC), and licensing from Curacao. Then there’s also the the Kahnawake Gaming Commission.

You can usually find the logo of the casino’s license at the bottom of every page, and you can also cross-check the licensing on the license provider’s website.

It’s important that you do since anyone can put up a logo on their website if they want to scam you, but nobody can force the casino licensing agency to list their name without a proper license. Here at Viabonus, we always do these checks before we recommend a casino.

Crypto Gaming Licence

The games at all legit bitcoin casinos in New Zealand are checked by independent licensing agencies. They check that the RNG, RTP, and functions of each and every game released by the game providers who have the license, are accurate and follow all regulations.

Game providers like Netent, Yggdrasil, Microgaming, Evolution Gaming, Quickspin, iSoftBet, and many more, are all checked this way. A casino that tries to scam you can’t offer these kinds of games on their page, simply because the game provider license forbids it.

But don’t be fooled by just looking at the available games, you also want to make sure that you can start the games both offline and logged in before you deposit. If the games from one of the top game providers are starting as real money play when you’re logged in, you know you’re safe and you can make a deposit.

When you choose an online casino that we recommend here at Viabonus, we guarantee that the casino has proper and licensed games.

But that’s not all…

You’ve made sure that the casino has the right license and the right games with proper licenses. That must be everything you need, right?

Not quite.

Terms & Conditions

There might be other problems you need to consider. The online casino might offer deposits and withdrawals with Bitcoin, but they might not process withdrawals. At all.

There are some online casinos out there that are really sneaky. They add unfair sections to their terms and conditions that allow them to confiscate winnings when normal online casinos wouldn’t. Others might wait with processing your withdrawal for weeks or even months. This is why it´s really important that you check the Terms & Conditions before you decide to make any transactions/deposits to the casinos.

We wouldn’t want you to fall into a trap like that, so before we recommend online casinos to you, we check the T&C, the withdrawal processing times, the quality of the support, the speed of deposits and withdrawals as well as any possible fees. That way, you will always have great options for a bitcoin gamble when you look at online casinos here at Viabonus.

Bitcoin and all other cryptocurrencies are not accepted as legal tender in New Zealand. That means that it can’t be issued as notes or coins by the Bank of New Zealand. But that doesn’t mean that it’s illegal, just like US dollars aren’t illegal. It’s perfectly legal to use Bitcoin online and that’s why it’s great for online casinos.

Just like when you play with fiat currency at online casinos, you have to pay taxes according to New Zealand laws when you play with BTC in New Zealand.

Deposits In New Zealand With Bitcoins And Other Cryptocurrencies

All right, you’ve made all of the checks (or skipped all of the hard work and chose a casino we recommend) and you’re now at a safe Bitcoin casino. You’ve signed up, and it’s time to deposit.

Although the process might be slightly different depending on the casino you’re playing at, they all follow the same process.

  • Make sure you have BTC in your favorite Bitcoin wallet.
  • Go to the cashier and choose deposit.
    Some casinos have the deposit button at the top of the page!
  • If there are several options, choose Bitcoin as the payment option.
  • Now you’ll see a Bitcoin wallet address, save it. It’s the casino’s wallet and can only be deposited into.
  • Enter the casino’s wallet address in your own wallet and enter the amount to deposit. 

Now you’re done!

Need help choosing the best New Zealand bitcoin wallet? We’ve covered it above, so scroll up a bit to find our recommendations. Keep in mind that some online casinos Bitcoin might charge a fee for deposits. However, this is usually much lower than other payment options or doesn’t exist at all.

New Zealand Bitcoins & Cryptocurrencies

Withdrawing at a Bitcoin casino New Zealand

Withdrawing your money from an online casino is just about as easy as depositing, if not easier.

The first thing to keep in mind though is to know if you can make a withdraw. You need to have met all wagering requirements and made sure that you have enough funds in your casino account to meet the minimum withdrawal requirement.

Once all of that is done, it’s time to cash out!

  • Head to the cashier and choose Withdraw.
  • Choose the same method as you used when you deposited – i.e. Bitcoin.
    Note that some online casinos do this step for you automatically.
  • Enter your own wallet’s address and choose withdraw.

You’re done!

Online casinos usually have humans that check every withdrawal. If you’re withdrawing a lot or you’re not verified yet, allow 24-48 hours to pass for the payments team to process your request.

Bonuses you say… Tell me everything

Yes, you can make Bitcoin gambles and still get a nice bonus. The casino really wants you to deposit at their casino, so they usually compete for your attention. Some online casinos even give higher bonuses if you deposit with bitcoin, which is great news.

The bonuses can be anything from a welcome bonus at 200% of your deposit, to 200 free spins on your first 10 days at the casino. Others give you a sample of 10 free spins when you sign up, these can be used on slots at the casino so you can see how it works and feels.

Just keep in mind that you should always read the terms and conditions. We do this for you in our reviews, but unlike general terms and conditions, bonus T&C might change from one week to the other. In other words, make it a habit to check the bonus terms before you deposit.

Altcoins vs Bitcoin Gamble

We’ve focused a lot on Bitcoins here in this article, but the truth is that there are plenty of other cryptocurrencies out there that work the same way as, or even better than, Bitcoin. These are called altcoins.

Bitcoins are the uncontested favorite. But if you’re looking for an altcoin that is faster than Bitcoin, most online casinos also offer Ethereum as an option. This altcoin has been around since 2015 and is a stable (as far as cryptocurrencies go) altcoin that is considered less safe than Bitcoin. However, if speed is really important to you, this is a great option, and, it’s still safer than regular payment options.

What Is the Best Bitcoin Casino?

The best bitcoin casino for you depends on your preferences. Some want mostly live casinos, others sports betting. There are those who only play lottery games and scratch cards while others only want slots.

That’s why we can’t pinpoint a single Bitcoin casino in New Zealand that is the best, and also why we can’t tell you which is the best Bitcoin wallet in New Zealand. But to help you find a casino with Bitcoin that you will enjoy, we have gathered a good selection of the highest-ranked casinos that offer BTC in New Zealand at the top of this page.

That way you can check out the list, see which one fits you, and choose the absolute best casino with Bitcoin for you.

Disclaimer; the content on this site is strictly for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. The information is strictly hypothetical.

 

FAQ - Bitcoin & Crypto Casinos

What you think is the best Bitcoin wallet in New Zealand might not be what someone else thinks is the best NZ Bitcoin wallet. It all depends on whether you want safety, user-friendliness, or convenience. Find more on why we recommend Edge, Coinbase, or Electrum above.

New Zealand Bitcoins are the same as regular bitcoins. And if you’re looking for an online casino that offers New Zealanders to deposit with Bitcoin, you should look no further! At the top of this page, you’ll find everything you need.

Bitcoin gamble can be really fun. And it’s easy! Just create an account at one of the safe online casinos we recommend at the top of this page and start gambling on your favorite game – be it slots, live casino, or sports.

Yes! It’s just as legal as with any other crypto or fiat currency. There are some regulations on where you can play through, read more about it above, or choose one of the legal casinos we recommend. Bear in mind that some countries and financial institutions such as banks might limit the cryptocurrency transaction and always check the tax department about the taxation of the cryptos and possible winnings

New Zealand And Bitcoin, a Love Story?

As you might have gathered, in New Zealand and at Viabonus we really like BTC and Bitcoin gamble. In this article, we’ve gone over how to find the best Bitcoin wallet in New Zealand, how to spot a legit Bitcoin casino in New Zealand, different alternatives to Bitcoin, and what games and bonuses you can expect from a Bitcoin casino.

If you feel like we missed anything or if you want us to go into more detail about an NZ Bitcoin, or something completely different, you can let us know in the comments down below.

You can also leave a comment on our casino Bitcoin reviews to tell us more about your opinion and thoughts on the casino and the review in general. Not only do we love to read your comments but most of all will it help other players who are looking for Bitcoin Casinos in New Zealand.