Generally speaking, the term “bitcoin casinos” refers to casino operators that accept bitcoin. This term is often synonymous with “crypto casinos”, which means that some also accept other cryptocurrencies, such as Ethereum, Litecoin, Dogecoin, Ripple, etc.
A Bitcoin casino is identical to a traditional online casino, with the difference being that it accepts cryptocurrency instead of fiat currencies. Unlike fiat currencies, cryptocurrencies are not regulated by any central bank or government which gives them an independence that does not exist in traditional currencies.
A Bitcoin casino accepts cryptocurrencies, and usually includes other payment methods such as bank transfer, debit/credit cards, PayPal, Skrill, etc.. Except for the type of currency used, a Bitcoin casino, is in all things similar to a traditional online casino. That similarity goes from the user interface to the games available on the site.
What license do they have? And what are the restrictions?
Casinos that accept cryptocurrencies are usually safe, but that does not imply that you can trust each of them blindly. For a Bitcoin casino to be considered safe and trustworthy, it must be licensed and regulated by a recognised gambling authority, such as the Malta Gaming Authority, The United Kingdom Gambling Commission, the Curaçao Gaming Authority, among others. Bitcoin casinos that have a license issued by one of these authorities are safe and guarantee fair gaming for their players, as well as the protection of their personal and financial data. A Bitcoin casino must follow all the standards of responsible gaming of an online casino.
