Bitcoin was launched in 2009 as a little-known digital currency. But Bitcoin (BTC) has gained more and more recognition over the past decade.
This isn’t to say that the masses are using this cryptocurrency. However, certain groups are definitely finding use cases for BTC.
Online gamblers are one of these groups because they frequently use Bitcoin to play real money slots. And this has led to some huge Bitcoin slots jackpots.
Keep reading as I discuss the 7 biggest Bitcoin slots jackpots ever. I’ll also cover how you can use this cryptocurrency to win big yourself.
Bitcoin jackpot sizes haven’t caught to the largest prizes won with fiat currency (e.g. US dollar). Nevertheless, players have won some very large six and seven-figure payouts.
It’s interesting to note that some of these prizes were won several years ago when Bitcoin was worth far less than it is today. These players would become far richer assuming they’d won the same amount of BTC now.
That said, it’ll be interesting to see how much bigger jackpots are worth in the future. But for the time being, the following 7 payouts are the biggest in BTC slots history.
The largest Bitcoin slots jackpot ever was hit in September 2013 – just five years after BTC became available.
This prize was worth 11,000 Bitcoins, which were valued at $1.5 million at the time. If the lucky player had won the same amount of BTC today, their payout would be worth $71.91 million.
It didn’t take long for somebody to win the second largest BTC jackpot. In May 2014 – just several months after the $1.5 million win covered above – somebody hit a slots jackpot worth 765 Bitcoins.
The 765 BTC was worth $550,000 back in the spring of 2014. Today, this same payout would be worth $5 million.
In February 2017, a slots player won a jackpot worth 260 Bitcoins. This payout was valued at $275,000 in early 2017.
What’s interesting about this win is that Bitcoin was only starting its most-recent bull run at the beginning of 2017. Therefore, the player missed out on BTC prices reaching nearly $20,000 in December of the same year.
Assuming they’d hit their jackpot towards the end of 2017, rather than earlier, their payout would’ve been worth $5.1 million.
The fourth-largest jackpot in Bitcoin slots history came in March 2017 – only one month after the third biggest payout.
This player won 216 Bitcoins, which was worth $255,000 at the time. That same amount of BTC would be worth $1.41 million.
This particular prize was won on Play ‘N Go’s Troll Hunters online slot. It’s worth mentioning the game when considering that few details exist on the other BTC slots payouts on this list.
March 2017 was definitely a great month for Bitcoin slots because another BTC gambler hit a huge payout during this time.
The player won a payout worth 160 Bitcoins, which was valued at $176,000. This same prize would be worth $1.05 million now.
One underlying theme in this list is that the number of Bitcoins needed to equal large fiat amount decreases over time.
Case in point, a slots player hit a big jackpot worth 15 Bitcoins in November 2017. This would’ve been an arbitrary amount several years ago, but it was worth $118,000 at the time.
Referring to the point above, another big Bitcoin slots win came when a player collected a jackpot worth 8 BTC. The value of these Bitcoins was worth $65,000 late last year.
Just one month later, BTC would more than double after this player’s win. If the gambler had hit this jackpot in the middle of the summer, their payout would’ve been worth $157,000.
Satoshi Nakamoto, the anonymous creator of Bitcoin, launched his famed invention using blockchain technology in 2009.
To this day, nobody knows truly knows anything about Nakamoto. For all we know, this could just be an alias for a group of programmers who worked on the project.
Whatever the case may be, Nakamoto’s vision has become more than just an idea. A larger number of people are using BTC for transactions than ever before.
Another big segment treats Bitcoin as an investment opportunity. It’s not hard to understand why either when considering that BTC has risen from a penny after its original release to being worth as much as $19,783.
The price is worth $6,537 at the time of this writing. But given the history of Bitcoins, odds are that it’ll be worth far more than $20k at some point in the future.
This increase in value has changed what constitutes big Bitcoins slots jackpot today. The end of the list above shows that players collected large fiat amounts after winning just 15 and 8 BTC, respectively.
Considering how much Bitcoins are valued at now, it’s unlikely that anybody will ever win a slots jackpot worth 11,000 BTC again. If anybody did win this much, it would be the biggest slots jackpot in history.
But this isn’t to say that we won’t continue seeing players win big jackpots through cryptocurrencies. These prizes should be worth more as crypto continues seeing adoption.
Many people are buying Bitcoin purely as an investment. These same holders don’t want to use or sell their coins until they increase in value.
I can’t say for sure whether this is leading to less BTC gambling. In fact, more and more online casinos are accepting Bitcoin for deposits.
But it does seem like this could have an impact on the size of slots jackpots being won. Nobody has hit a seven-figure BTC payout since 2013.
The limited Bitcoin adoption due to its investment utility could be driving down gambling usage. Adoption is made more difficult by the fact that some countries treat Bitcoin like stocks in terms of taxation.
In the United States, for example, you’re taxed 40% when selling BTC after holding for less than a year. But you’re only taxed 15% if holding for a year or longer.
It’s hard to view Bitcoin as a legitimate currency in countries like the US when it’s taxed so heavily. But other nations are more lenient in terms of how they view this crypto.
Some people in countries with high inflation, like Argentina and Venezuela, are actually using Bitcoin for everyday transactions. The more that this type of adoption occurs, the more likely BTC is to be used around the world and in online casinos as a whole.
Bitcoin’s value is likely to keep increasing as well. Therefore, we could see people earning massive fiat amounts just for winning a slots payout worth 1-2 Bitcoins.
The majority of online gamblers still use US dollars, British pounds, euros, and other fiat currencies to play slots with. But some of these same players are missing out on the various benefits of Bitcoin.
In certain countries, Bitcoin is the only reasonable way to play internet slots. Here are some reasons why this is true along with the different advantages that BTC slots offer.
The Unlawful Internet Gambling Enforcement Act (UIGEA) bars American financial institutions from processing unapproved gambling transactions.
This law has previously made it difficult for online casinos to serve the US. But Bitcoin now allows these sites to offer games to Americans without violating the UIGEA.
Many offshore casinos now accept Bitcoin, because it enables American customers to make deposits. Contrast this to Visa and American Express, which reject around 50% of internet gaming related transactions.
The end result is that US residents now have far more options to choose from thanks to Bitcoin casinos. Outside of Washington state – where internet gambling is a felony – it’s perfectly legal to play at these casinos.
The only other exceptions besides Washington are Delaware, New Jersey, Nevada, and Pennsylvania, which all have regulated online gaming markets. These states ban offshore casinos from operating within their borders.
Online gambling sites allow players to use a variety of options to withdraw money. But some of these methods are inefficient because they take longer to process your cashout.
This isn’t the case with Bitcoin, though, which offers quick withdrawals. In many cases, you’ll receive a Bitcoin cashout in one hour or less.
As for deposits, Bitcoin isn’t as fast as credit cards or debit cards. But your money should hit your casino account within 15 minutes or so, which is better than some other payment methods.
Bitcoin can be a very volatile currency. In fact, it’s lost over 50% in a single day at multiple times in its existence.
But as worrisome as this may be, Bitcoin has only continued to increase in value over the years. I discussed earlier how it started out at a penny per BTC and was worth nearly $20,000 in the summer 2017.
Cryptocurrencies are in a bear market right. But crypto history indicates that the market will likely go on another bull run and see Bitcoin reach another all-time high.
That said, you never know when your online gambling bankroll will appreciate thanks to the increased value of BTC.
Some people mistakenly believe that BTC is completely anonymous and its transactions can’t be traced. This has been proven wrong, though, because law enforcement can find criminals who use BTC when they put enough effort into the matter.
But BTC is still far more anonymous than traditional payment methods like credit cards and eWallets. Your transactions are merely identified by a wallet address, and you can switch to a different address for each transaction.
Contrast this to credit cards, where every online casino transaction you make is documented in a single place.
Using Bitcoins takes some adjusting when you’re used to paying for everything with cash, credit cards, and debit cards. But you’ll find that cryptocurrency isn’t much more difficult once you get the hang of it.
The intimidating part is that you’re dealing with a long wallet address when making payouts. But you can simply copy and paste the recipient’s wallet address.
This is especially handy when making an online casino deposit. All you do is copy the given casino address and past it where prompted.
The deposit will be complete once you doublecheck and approve the transaction. You can read the more detailed instructions below if you need more help.
Anybody can learn how to make Bitcoin casino deposits with a little effort. But it’s much easier to get started when you have a step by step guide.
Check out the tips below if you’re new to using BTC at gaming sites. You’ll notice that there are some optional steps you can use to lay full claim to your Bitcoin and make withdrawals from casinos.
Everything begins with exchanging your fiat for Bitcoins. The good news is that you can find several reliable exchanges that let you turn your traditional money into cryptocurrency.
Coinbase and Gemini are two of the most popular exchanges for this purpose. Both of these sites have good reputations and offer a user-friendly experience.
You’ll need to link up a payment method to the chosen fiat exchange in order to get started. Once you’ve done, so you’ll be able to purchase BTC or another crypto with your banking option.
You’ll receive an email confirmation on the purchase. The Bitcoin will usually arrive in your account within 15-30 minutes.
You technically own any Bitcoin purchased through an exchange. And the exchange sites allow you to keep your BTC with them as a courtesy.
The only problem, though, is that the exchange still controls your crypto. If the site gets hacked, your coins can be stolen.
I mentioned that Coinbase and Gemini both insure your deposits. But unregulated exchanges don’t, which lends extra importance to moving your Bitcoin to a wallet, where you control it.
You can visit Bitcoin.org to create a wallet (listed under “Bitcoin Core”), or you can even purchase a hardware wallet like Trezor to store your coins offline.
Head to your preferred internet casino after securing BTC and visit the cashier area. Make sure that you’re a registered member of the casino and are signed in.
Choose Bitcoin and take any other necessary steps to generate a wallet address. This is the recipient address where you’ll be sending your BTC.
Head back to your fiat exchange or Bitcoin wallet. Choose the option to send your Bitcoin.
At this point, you’ll be prompted to enter a recipient’s address. You then paste the address that you get from the casino into the required field.
The final step is to verify the transaction. You should doublecheck to ensure that you’re sendingBitcoin to the correct wallet/exchange address.
I suggest leaving the casino browser open after you initially copy the wallet address just so that you can check it against the address again.
It’s likely that you’ll want to withdraw your money from an online casino at some point. And you’ll find that the Bitcoin withdrawal process isn’t any more difficult than using other payment options.
The first step is to visit your wallet or whatever exchange you’re moving the money to. Choose the deposit option to generate a recipient address.
Go back to the casino and select the withdrawal option under Bitcoin. You then enter/paste the address of the receiving exchange/wallet before confirming the transaction.
Bitcoin casinos are just like other gaming sites in that you can get welcome bonuses upon signing up. These deals allow you to earn extra money that you can put towards winning a BTC jackpot.
The first step is to find an internet casino that’s offering one of these deals. Many gaming sites feature Bitcoin bonuses worth anywhere from 0.1 to 1 BTC.
Your deposit will make you eligible to earn a match percentage of your deposit amount. Here’s an example:
The next step is to meet wagering requirements (a.k.a. playthrough) on the offer so that the money is officially yours. You can find playthrough and other requirements in the casino’s terms and conditions, which are usually linked to at the bottom of the homepage.
Slots are the best games to unlock Bitcoin deposit bonuses with because they contribute the full amount towards playthrough. This contrasts baccarat, blackjack, craps, and other table games, which offer reduced contributions.
BTC bonus wagering requirements usually range from 40x to 50x the offer. Here’s an example on releasing a bonus:
With one Bitcoin being worth $6,537 at this time, you’d need to wager $26,148 in order to withdraw the money.
Be sure to read other terms and conditions carefully before depositing and going for your BTC bonus. Pay special attention to the max bet limits, playthrough time limit, eligible games, and reduced playthrough contributions.
Bitcoin online gambling first started in 2011. Therefore, BTC gaming is still in its early phases when compared to the internet gambling industry as a whole.
But you can see that there have already been some huge Bitcoin slots jackpots won.
The earliest and biggest win covered here was worth 11,000 Bitcoins, or $1.5 million at the time. I can only imagine how rich this 2013 winner is now if they held onto some of these Bitcoins.
They were shortly followed by another player, who won 765 BTC ($550,000) in May 2014. This gambler is another case of somebody who could be extremely rich if they kept some of the BTC.
All of the other wins occurred in 2017. None of these payouts were as big as the previous wins, but the higher volume of recent five and six-figure prizes shows that Bitcoin gambling remains popular.
I believe that this popularity will only continue growing as BTC becomes more widespread. It’s mainly viewed as an investment right now, but it’s also seeing more adoption too.
Given the advantages of playing Bitcoin slots, you might consider using the tips I discussed to try them out. You never know…you might become the next big winner.
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