UK Bitcoin Casino
Bitcoin Casinos for UK Players
El Royale Casino is one of the few casinos which allows the use of Bitcoin for payment. The casino has exciting offers and bonuses, both for new and existing customers.
Gambling business in the United Kingdom is a very challenging, mature and highly regulated business. The recent alterations to the existing gambling laws have been implemented and this has allowed for more accountability and security for bettors against fraudulent acts and practices. Young people who are less than 18 years of age has laws banning them from gambling with heavy penalties for defaulters. Also, the officials in charge of gambling in the United Kingdom are proposing a law which will forbid the advertisement of gambling and betting during the day. All these laws and strict regulations are all aimed at ensuring that betting is done responsibly and this is the inderlying factor informing the consideration of Bitcoin by the UKGC as a medium of deposit and withdrawal in online casinos.
The gambling authorities have made vivid declarations informing betting operators who allows the use of bitcoin as a medium of payment that they must strictly observe the existing rules concerning gambling. Also, these operators need to obtain permission in form of a license, so as to allow them go about their gambling business in the United Kingdom.
Top Rated Bitcoin Casinos
Concerning the legal standing of bitcoin in the United Kingdom, it looks like the virtual currency is yet to be regulated as at the moment. This is against the directive issued by the government of the United Kingdom in March 2015, mandating that all payment with the use of Bitcoin is to be regulated so as to prevent fraudulent monetary practices and ensure security of gamblers.
In tandem with the increasing popularity of cryptocurrencies in the online gambling sector, it is been speculated that the size of Bitcoin is increasing in the UK market. In actual fact, casinos that allow the use of bitcoin within the UK are relatively few as compared to the rate at which Bitcoin itself is gaining ground in the UK. It is actually expected that the use of bitcoin is going to be widespread in the gambling sector, but it is expected to take a long time.
If you reside within the UK and for some reason do not want to utilize any of the other payment options, then you should be informed that there are very few casinos that accept bitcoin as a payment option. One of these few outlet which turns out to be popular is Raging Bull.
Raging Bull is a RTG-powered casino, which has the permission to run business as issued by Curacao gambling authorities. There are classy offerings of gaming titles as well as enticing rewards for new and existing subscribers. Although the casino allows the use of Bitcoin for payment, there is also a wide range of payment options made available to subscribers.
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.
Another exiciting feature is the no-deposit bonus given to players who decided to begin gambling with Bitcoin. All you need to is enter a promo code which has been generated solely the purpose of the bonus.