Bitcoin Casino NZ

The gambling market is accepting new online casinos of a new generation. They are among those that are crypto-centric and accept Bitcoin or another cryptocurrency solely as a payment. For good, the veterans and other reputable gambling sites have optimised their functionality and added Bitcoin as one of the payment options. The latter looks more available to those players that have never used Bitcoin to deposit but would like to dive into it.

This guide is devoted to determining the best Bitcoin casinos on the NZ market. We raise a few questions about the legality of BTC casinos and their perks for Kiwis to try and have fun. These gambling sites are recognised for the blockchain technology that guarantees a super high level of security. So let’s go to learn more about a casino BTC.

Bitcoin Casinos: How They Work

Bitcoin online casino is usually referred to as a virtual venue that:

• includes Bitcoins as one of their played currencies (Bitcasino.io, 7Bit Casino, and BitStarz);
• only accepts bitcoins for funding or withdrawals via wallet (i.e., no other currencies allowed, like in mBitCasino or FortuneJack).

In New Zealand, they operate like any other online house on the web, although they add more flexibility for the gambler when it comes to payment. Usually, those providers that are Bitcoin-only create the communities to bring the digital revolution to the gaming table too.

Whether you decide to play casino with BTC, Euros, New Zealand dollars, or other money, check that the venue of your choice is licensed by a recognized independent agency. Such authority tests the online casino Bitcoin for transparency, compliance with local laws, and security of money transfers. Without this license, any activity from the gambler’s or provider’s side can’t be resolved or regulated by the authorities.

Simply put, when signing up for an uncertified or unlicensed provider, you’re betting at your own risk, literally and figuratively speaking. So, a BTC casino needs a license to operate, and it includes regulations for accepting the currencies.

Bitcoin Online Gambling in New Zealand

For a few reasons, Bitcoin casinos in NZ have more straightforward regulations than the same institutions in other countries. First, the crypto market is more developed, and the “weird” currencies like Bitcoin, Litecoin, or Ethereum, among others, are nothing new here.

Second, the 2003 Gambling Act prohibits most forms of online gambling from providers based in the region but has no forbidding law about playing on overseas venues.

Third, and the most important thing all bitcoin gamblers in NZ should know: even though there is no government-issued document that legalises the status of cryptocurrency, the local IRD has an article on crypto taxation “in progress.” What does that mean? If they are about to impose taxes on crypto, they are about to place it within the legal framework. By the way, just like with online wagering, you won’t find any law that strictly prohibits it. As they say in the lawyers’ community: what’s not directly forbidden is allowed.

Advantages of Bitcoin Casinos NZ

Those who bet at BTC casinos are aware of the reason why they are the best option in the ever-progressing world of digital life. Let’s review the perks of choosing Bitcoin gambling sites over any other.

1. The financial transactions are untraceable and secure. If you ever longed to become invisible, a part of your wish is granted. When going crypto, none of the payment is made visible on your official credit score, which won’t affect your reputation as, for example, a potential real estate buyer.
2. They are fee-free. Yes, leave the transaction fees for the hardcore old-schoolers because they are an odd element in today’s way of iGaming.
3. The winnings are all yours. No freeze, takeovers, or seizures – nobody can’t get to your funds without your consent.
4. Uploading money in no time. Forget the processing time – the Bitcoin casino online gives the superpower of being ultrafast.
5. The blockchain nature of cryptocurrency has confidentiality and uninterruptedness at its core. All the financial operations are decentralised, and as a player, you are in incognito mode while winning or losing, not like the Chrome incognito, like the Harry Potter incognito.

Bitcoin Casino Deposit Process

Crypto is good for betting and is trusted by the advanced digital community. So now let’s have a look at how to deposit at the venues that accept Bitcoin.

If you have a Bitcoin wallet

If you are already a cryptocurrency user with an active account and funds available, then you just opt for an appropriate payment as your deposit method and link your account to the player’s profile. To send money to your gambling profile, you simply put the Bitcoin address of the venue.

If you are new to the crypto game

No worries, there are many exchange sites that can convert your currency into Bitcoins and use any e-wallet that supports this feature. The good news is that many new Bitcoin casinos offer their own service so that you can do everything in one place.

Available casino withdrawals methods

This is basically depositing going backward. To initiate a Bitcoin casino New Zealand withdrawal, you choose it as your currency and provide the digital venue with your wallet address. Then, in less than 24 hours, you’ll receive a notification about the completed transactions. No magic, spells, or prayers – pure technology at work.

Bitcoin transactions speed

One of the reasons why people are seeking alternatives to traditional banking when gambling is the speed that accompanies the transactions. From this perspective, e-money is claimed as the fastest payment casino option out there. Those who play Bitcoin enjoy instant funding and quick cashouts with the highest security level on the side.

Alternatives to Bitcoin Casinos NZ

If you can’t make a transaction with Bitcoin for any reason, there is always an alternative to choose from. Follow the links to other casinos that accept other payment methods that are also fast and secure.