Best Bitcoin Casino Sites in South Korea for 2023 – Claim 5 BTC in Bonuses at Top Crypto Casinos
Bitcoin casino platforms continue to gain popularity daily in South Korea. We expect nothing less from the highly-developed country whose crypto market is now one of the largest in the world. Numerous stores and service providers now accept Bitcoin. It was only a matter of time before the online gaming industry followed suit.
Would you like to learn more about Bitcoin casino sites in South Korea? Join us as we examine the crypto gaming scene in South Korea. We cover everything related to the top Bitcoin casino sites, how we rank them, and how you can sign up and start playing the best games today.
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The Best Bitcoin Casino Sites in South Korea for 2023 Ranked
After testing loads of Bitcoin casino sites in South Korea, we’ve come up with our top 10. Though we nominate BC.Game as our top Bitcoin casino, you’re welcome to check out the other recommendations. Rest assured— each operator here offers something unique.
- Lucky Block –Best Bitcoin operator in South Korea overall.
- Mega Dice – Promising bitcoin platform with one of the best loyalty bonus program.
- BC.Game – Enjoy Bitcoin with over 10,000 games.
- Dafabet – Top casino website with reputable brand name
- Bitcoin Games – Experience Top-Notch Bitcoin casino platform
- Cloudbet – Excellent range of Bitcoin promotions.
- BitSpinCasino – Best new Bitcoin operator for South Korea.
- 22Bet – Top Bitcoin casino operator with wide range of content
- Melbet – Among the top Bitcoin casino platform with excellent customer service.
- Betwinner – Best bitcoin betting destination for sports betting enthusiasts.
Quick Summary of the Best Bitcoin Casinos South Korea Has to Offer
It’s easier to choose a Bitcoin casino when you have the necessary background info. Below are quick Bitcoin casino reviews detailing what makes these offshore operators special. We’ll focus on the top 5.
1. Lucky Block – Best Bitcoin Casino Operator in South Korea Overall
A relative newcomer to the Bitcoin casino industry, Lucky Block is licensed in Curacao and regulated by the Curacao Gaming Control Board. It’s an Bitcoin casino that’s rapidly gaining in popularity – and for good reason.
With its 6,000-strong game portfolio that includes titles from some of the best studios in the business, loyalty program, and a live casino that features classic Bitcoin table games and even game shows, few can hold a torch to Lucky Block in terms of the variety of games on offer.
The layout is easy to navigate on both mobile and desktop variants, with games listed alphabetically or by game studio. Microgaming, Evolution, NetEnt, and Red Tiger are just some of the lead developers dreaming up the slots and table games.
Lucky Block players can deposit using eight cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin. Bitcoin payouts are the slowest and may take up to 1 hour, but the rest of the currencies take between 1-20 minutes with BNB taking just 1 minute to withdraw. Traditional card payment and wire transfers are also accepted at Lucky Block, as are Apple Pay and Google Pay.
LuckyBlock has one of the best welcome bonuses around with new players automatically qualifying for a 200% welcome bonus and 50 free spins on Wanted Dead or a Wild.
The bonus is paid in 10 installments with a maximum of 10,000 EUR available to those who deposit 5,000 EUR (or crypto/fiat equivalent). The offer is valid only on the first deposit made in the casino, with the minimum deposit required 20 EUR.
So for example, a player who deposits 100 EUR will immediately receive free spins and 200 EUR in the bonus bank. And for every €600 you play for (win or loose), you get €20 paid out to your account from the bonus bank, until you have cleared the entire €200.
What we like:
- No fees on transactions
- Minimum deposit is $1 or currency equivalence
- Fast registration without KYC
- Incredibly fast payouts
- Live chat available
What we don’t:
- No dedicated poker room
2. Mega Dice Casino – Top Loyalty Bonus Program in South Korea
Mega Dice Casino is an exceptional South Korean online casino, renowned for being one of the finest Bitcoin casino sites. This casino leaves an enduring impression on players with its impressive selection of over 4000 games and enticing welcome bonus. New customers are rewarded with 50 free spins on the popular Hacksaw Gaming slot, Wanted Dead or Alive, upon registration. The welcome incentive also includes a 200% deposit match up to 1 BTC, making it one of the industry’s most alluring offers.
Mega Dice Casino features titles from well-known providers such as Microgaming, Play n Go, and Pragmatic Play, as well as equally excellent but lesser-known providers such as Caleta, Spribe, and 2By2. Whether you prefer traditional casino games or the excitement of live dealer alternatives, you’ll find captivating variations of popular games, such as XXXtreme Lightning Roulette, Peek Baccarat, and Lightning Blackjack, in the live dealer section. Live dealer poker platforms are available to poker enthusiasts.
Mega Dice’s slot selection is truly astounding, featuring a multitude of games with diverse themes and alluring bonus features. The free spin bonuses provided by the casino are an excellent way to investigate the vast selection of slot games available.
Mega Dice Casino goes above and beyond in terms of payment methods by accepting both traditional options such as credit cards and bank transfers and a variety of cryptocurrencies. It accepts prominent cryptocurrencies including Bitcoin, Litecoin, Tron, and even BNB, making it an ideal option for players seeking the finest Bitcoin casino experience. According to the casino, deposits can be made for as little as €1 and transactions can be concluded in as little as five minutes.
Mega Dice’s generosity extends beyond the welcoming bonus, with weekly promotions including up to 150 free spins on new slot machines. If you don’t want to miss any interesting news or the latest bonus offers, you can follow Mega Dice on Twitter. Accessing the casino from the United States may necessitate the use of a VPN, but joining the site is uncomplicated and requires no KYC procedures.
Mega Dice may have some limitations with traditional payment methods, but the extensive selection of cryptocurrencies available more than makes up for this minor shortcoming.
Mega Dice Casino is, in conclusion, one of the finest Bitcoin casino sites in South Korea. It is an excellent choice for both novice and seasoned online casino players due to its extensive game selection, alluring incentives, quick payouts, and strong support for cryptocurrencies. Mega Dice ensures that players will have a memorable time investigating the world of online casinos by providing a superior gaming experience.
What we like:
- Quick payouts
- No KYC process
- 4000+ games available
- Alluring loyalty bonus program
What we don’t:
- Limited traditional payment methods
- Traditional payment process takes up to 2 days
2. BC.Game – Enjoy Bitcoin With Over 10,000 Games.
BC.Game holds the pole position with no less than 40 cryptocurrencies and exclusive Bitcoin casino games. The operator makes a great first impression with its vibrant web design featuring snazzy graphics. BTC deposits and withdrawals are near instant, but there’s a small 0.1% withdrawal fee you must factor in.
Over 2,000 exciting casino games including slots, table, and dice games are on standby. Big names in game development such as NetEnt and Betsoft are behind the games, so an unparalleled gaming experience is inevitable.
A standard BTC bonus awaits new customers. Alternatively, you can claim the fiat bonus, although it carries a steep initial deposit. No BC.Game promo code is needed to claim any of the offers.
What we like:
- Elaborate welcome offer
- 2,000+ casino games
- 40+ cryptocurrencies
- Near-instant withdrawals
What we don’t:
- Withdrawal fees
- Higher minimum deposit for welcome bonus
3. Bitcoin.com – Exciting Mix of Exclusive Bitcoin Slots
Bitcoin.com appeals with its considerable selection of in-house titles. From BTC slots to table games, you’ll find something you like at the Bitcoin casino. You probably won’t recognize most of the slots, but this is an opportunity to try out new games. And you can play some of the titles for free.
A unique crypto bonus awaits new customers. Alternatively, players can activate an exclusive cashback Bitcoin.com promo code to cushion any impending losses. The latest range of promotions is also something players can look forward to.
Players have a chance to play several Playson casino games and win cash prizes in the process. You have several payment methods to fund your account with, not limited to Bitcoin. You’ll, however, enjoy instant payouts using crypto. The top Bitcoin casino includes an integrated coin converter to make depositing and withdrawing simpler.
What we like:
- BTC-exclusive games
- Numerous crypto promotions
- Instant purchasing of BTC on the platform
- Dependable customer service
What we don’t:
- Smaller selection of popular games
4. Cloudbet – Excellent Range of Bitcoin Gambling Promotions
Cloudbet is a strictly crypto gaming site that takes a mid-tier spot on our list of top Bitcoin casino sites. The remarkable interface is catchy and allows you to transition between four different themes. As a top Bitcoin casino, it whips up a decent crypto Cloudbet promo code for its new users.
But what stood out for us is the extensive range of Bitcoin promos that award players deposit offers and free spins. A healthy selection of popular games from well-known developers like NetEnt, Evolution Gaming, and Pragmatic Play is available.
The Cloudbet Bitcoin casino even includes an exclusive section for high rollers. It covers its legal base with a Curacao license. Customer support is okay, but we’d be happier with more contact options for players.
What we like:
- Quality casino games
- Top-tier game developers
- Instant payouts
- Mobile-friendly
What we don’t:
- No traditional payment methods
- Fewer support contact options
5. BitSpin Casino – Best New Bitcoin Casino Operator in Korea
BitSpin Casino, which debuted in 2022, is a promising platform, despite being a relatively new player in the cryptocurrency gaming field. BitSpin caters to all kinds of gamers with a wide selection of payment choices that include Bitcoin, Litecoin, USDT, and fiat currencies.
Players can quickly locate the information they’re seeking thanks to the website’s user-friendly design. The various game categories are logically organized, and the language menu at the top of the website includes options in Korean.
With more than 1,300 games available at BitSpin, including some of the top slot machines in the business, the gaming variety is amazing. The opportunity to win huge sums of money in the progressive jackpot games makes them worthwhile to check out as well.
BitSpin has a good assortment of table games, including Single Deck Blackjack and Ultimate Texas Hold’em. BitSpin offers a good assortment of table games, such as Single Deck Blackjack and Ultimate Texas Hold’em, for those that prefer them. These games have outstanding odds and can help you increase your profits.
The hefty welcome package from BitSpin, which includes a 120% bonus up to €/$300 or 1 BTC as well as 300 free spins, is available to new players. Your first deposit must be made with the promotion code GETMAX, and the bonus’s winnings are limited to €/$200.
All things considered, BitSpin Casino is a fantastic option for Korean players seeking a dependable and user-friendly platform to wager with their favorite cryptocurrency. BitSpin is undoubtedly worth checking out because of its extensive selection of games and payment methods, as well as its sizable welcome offer.
What we like:
- Accepts a number of cryptocurrencies
- User-friendly interface for mobile gaming
- Rewarding VIP club
What we don’t:
- Complains may not be settled on time
How We Rank the Best Bitcoin Casino Sites in South Korea
Having had years of experience reviewing Bitcoin casino sites in South Korea, our experts know which critical areas to focus on. Here’s a list of some of the performance metrics we use to measure each Bitcoin casino.
Casino Reputation
We make it a point to only recommend safe and reputable sites. That’s why our first order of business is to check for a casino’s license and which licensing body it’s affiliated with. Then we move on to Bitcoin casino reviews. We analyze casino ratings and complaints to establish its reputation with current and previous customers.
Even though we’re not oblivious to the fact that no online Bitcoin casino is entirely flawless, the good reviews should outweigh the bad. Lucky Block is certainly winning in this area, with the favorable reputation it has managed to maintain over the years.
Games on Offer
Your experience at a Bitcoin casino is largely determined by the quality of the games on offer. The best Bitcoin casino sites in South Korea will offer world-class titles sought-after by many players. Decent operators should at the very least offer games from top software developers.
Seeing as slots are the fan favorite, we like to recommend online Bitcoin casino platforms with plenty of exciting slot titles to keep players entertained. Blackjack and baccarat online casinos are another fan-favorite. BC.Game impresses in this area with a mix of classic and modern online slot machines.
Bonuses Available
When looking for the best Bitcoin casino sites in South Korea, we consider the perks available to players. Operators that offer attractive bonuses and promotions earn a top rank on our list. We’re all about insane bonus amounts, as long as they are paired with reasonable terms and conditions.
A Bitcoin casino that also provides a wide array of recurring promotions also has our vote. Cloudbet is the one to beat in this area, and the promotions are BTC-based too.
Mobile Compatibility
Players love the convenience of playing their favorite games on the move. We look for operators that allow you to do just that. The ideal Bitcoin casino will have a dedicated mobile app for smooth performance and personalization.
Cloudbet is the best Bitcoin casino in this regard and designs a high-performance app. However, the casino that also has a mobile site will suffice. The idea is for players to wager use their mobile devices seamlessly regardless of the screen size.
Quality of Customer Support
We’ve come to realize that having a support team doesn’t necessarily translate to excellent customer service. Even the Bitcoin casino with live chat or multiple communication portals falls flat if an incompetent staff is on the other end.
On top of checking the contact options available, we look at responsiveness, expertise, and friendliness from the support team. We also scrutinize the social media pages to establish if there’s good customer engagement. Bitcoin.com impressed us with a dependable support team that pays attention to detail.
Factors to Consider When Selecting a Bitcoin Casino Site
If wagering at Bitcoin casino sites is new territory to you, detailed insight into what a BTC casino entails and how it works is imperative. Once you know what to look out for, picking the best Bitcoin casino for your unique preferences becomes easier. Answer the following questions to help you along.
Can You Deposit and Withdraw in Crypto?
Some Bitcoin casino sites in India may allow you to deposit in crypto but later convert the coins to fiat currency when you win and want to withdraw. Check if the Bitcoin casino allows you to deposit and withdraw winnings in crypto if you want to dodge conversion fees.
Can You Buy Bitcoin Using Traditional Banking Methods?
Some players prefer the convenience of acquiring Bitcoin using conventional banking methods on the platform. However, not all banking methods allow this function. Be sure to check if the Bitcoin casino offers payment methods like Mastercard and Apple Pay that allow it.
Is the Crypto Casino User-Friendly?
The interface of some Bitcoin casino sites in India leaves a lot to be desired, often making it taxing for users to transition from traditional operators. Check if the Bitcoin casino has designed a user-friendly web design that makes it easy for the new customer to figure out what’s what. You should be able to fund your BTC account, place wagers, ad withdraw with ease.
Does it Have a Coin Converter?
Some Bitcoin casino sites in India have revolutionary features that make crypto gaming even easier. The innovative Bitcoin casino will come with built-in coin converters that allow you to ascertain the corresponding value of your cryptocurrency with a few clicks.
You don’t have to worry about constantly calculating the conversions on your own or enlisting the help of third-party software. You have everything you need under one virtual roof for a stress-free gaming experience.
Are There BTC Withdrawal Fees?
While you may not be charged for inter-crypto exchange transactions, you may be charged for withdrawing your virtual currency at a Bitcoin casino. Though the fees are relatively low, look for an operator with the lowest possible payout fees that won’t impact your winnings. The goal is to enjoy the most rewarding crypto-gambling experience possible.
How The Best Bitcoin Casino Websites Compare
Here’s a quick comparison of the games, game developers, and payment methods found at each Bitcoin casino on our list.
Casino Welcome Bonus # of Casino Games Game Types Available Casino Software Providers Banking Methods Lucky Block 200% Bonus up to 10,000 EUR + 50 Free Spins 6,000+ slots, live casino games, table games Air Dice, H27, Gametech, Urgent Games, Ameba Entertainment, Live Solutions, Asia Gaming, Betgames TV, Betsoft, Big Time Gaming, Blueprint, Booming, Booongo, Caleta, CT Gaming, eBET, Evolution, Evoplay, Ezugi, Fantasma, Fugaso, Genii, Golden Hero, Golden Race, Green Jade, Habanero, Hacksaw Gaming, Kalamba, Microgaming, Microgaming Live, MrSlotty, NetEnt, Nolimit City, One Touch, Gamomat, PGSoft, Playngo, Playson, Pragmatic Play, Pragmatic Play Live, Push Gaming, Quickspin, Red Tiger, Relax Gaming, Revolver Gaming, Spinomenal, Spribe, Thunderkick, Tom Horn, Triple Cherry, Wazdan, Bombay Live, 2By2, 7Mojos, Ainsworth, Alchemy Gaming, All41, Apollo, Apparat Gaming, Atomic Slot Lab, AvatarUX, Bgaming, Blue Guru, Buck Stakes Entertainment, CT Gaming, Fantasma, Foxium, Gameburger, Gamzix, Golden Rock, Gong Gaming, JFTW, Mancala Gaming, Mascot, Northern Lights Gaming, Rabcat, Red Rake Gaming, Smartsoft, Snowborn Studios, Stormcraft, Swintt, Topspin, Toptrend Gaming, Triple Cherry, Triple Edge, TrueLab, Bitcoin, Bitcoin Cash, Litecoin, Dogecoin, Ethereum, Tether, Cardano Mega Dice 200% Bonus Up To 1BTC + 50 Free Spins 6,000+ slots, live casino games, table games Air Dice, H27, Gametech, Urgent Games, Ameba Entertainment, Live Solutions, Asia Gaming, Betgames TV, Betsoft, Big Time Gaming, Blueprint, Booming, Booongo, Caleta, CT Gaming, eBET, Evolution, Evoplay, Ezugi, Fantasma, Fugaso, Genii, Golden Hero, Golden Race, Green Jade, Habanero, Hacksaw Gaming, Kalamba, Microgaming, Microgaming Live, MrSlotty, NetEnt, Nolimit City, One Touch, Gamomat, PGSoft, Playngo, Playson, Pragmatic Play, Pragmatic Play Live, Push Gaming, Quickspin, Red Tiger, Relax Gaming, Revolver Gaming, Spinomenal, Spribe, Thunderkick, Tom Horn, Triple Cherry, Wazdan, Bombay Live, 2By2, 7Mojos, Ainsworth, Alchemy Gaming, All41, Apollo, Apparat Gaming, Atomic Slot Lab, AvatarUX, Bgaming, Blue Guru, Buck Stakes Entertainment, CT Gaming, Fantasma, Foxium, Gameburger, Gamzix, Golden Rock, Gong Gaming, JFTW, Mancala Gaming, Mascot, Northern Lights Gaming, Rabcat, Red Rake Gaming, Smartsoft, Snowborn Studios, Stormcraft, Swintt, Topspin, Toptrend Gaming, Triple Cherry, Triple Edge, TrueLab, Bitcoin, Bitcoin Cash, Litecoin, Dogecoin, Ethereum, Tether, Cardano BC.Game Up to 1BTC 10,000+ BC Originals, slots, live casino games, table games, poker BC Game, Pragmatic Play, NetEnt, Microgaming, Evolution Gaming, Red Tiger, BGaming, PG Soft, Hacksaw Bitcoin, Ethereum, Dogecoin, Ripple, Cardano, Bitcoin.com Deposit $50 and get 15% cashback 350+ Slots, Table Games, Jackpots, Poker, Craps, Keno Bitcoin.com Exclusives, NetEnt, Pragmatic Play, Playson, BGaming, Belatra, Endorphina Bitcoin, Bitcoin Cash, Visa, Mastercard Cloudbet Up to 5BTC 2,500+ Slots, Jackpots, Table games, Poker, Arcade NetEnt, Pragmatic Play, Betsoft, Evolution Gaming, Ezugi, Authentic Gaming Bitcoin, Litecoin, Dogecoin, Dash, BitSpinCasino Up to 3BTC plus 200 free spins 1,000+ Slots, Jackpots, Table games, Poker Betsoft, NetEnt, Play’n GO, Playtech, Pragmatic Play, Red Tiger Gaming Bitcoin, Ethereum, USDT, Dogecoin, Visa, Skrill, Maestro, Neteller, Ecopayz Are Bitcoin Casinos Legal in South Korea?
South Korean lawmakers are strongly against any form of online gambling, and Bitcoin casinos fall under that umbrella. Avid gambling enthusiasts can join foreign-based operators, and as you’ve probably gathered by now, they are quite a number of those.
These offshore Bitcoin casino sites happily accept players from the country as long as they abide by the gambling age. Despite South Korea’s efforts to crack down on online operators, it’s impossible to blacklist them all. Also, with citizens using VPNs to access these operators, advanced technology has made online Bitcoin gambling in Korea a possibility.
The Benefits of Playing at Bitcoin Casinos
It’s no coincidence that Bitcoin casino sites in India garner massive attention. Players have come to realize the numerous perks associated with gambling using BTC in place of regular currency. We list some of the benefits of playing at a Bitcoin casino below.
Unmatched Privacy
Considering the social stigma some areas place on gambling, privacy while wagering becomes a necessity. Playing at Bitcoin casino platforms allows you to do enjoy slots and other games without any undue scrutiny.
When transacting with Bitcoin, you don’t need to share any personal details. As a result, the chances of the transaction being traced back to you are low. It’s for this very reason the pseudonymity of Bitcoin, makes crypto gambling more desirable.
Highly Secure
Bitcoin might just be one of the most secure digital currencies on the gambling market, but only if stored correctly. As long as you mostly keep your virtual currency offline, you should be good.
Also, protecting your private keys with strong passwords will eliminate the risk of someone stealing your money. Though hacking is possible at a Bitcoin casino, it’s extremely difficult for a hacker to succeed.
Instant Payouts
The ultra-fast payout speeds associated with Bitcoin casino sites in South Korea have to be one of their strongest selling points. Even in the face of recent blockchain delays, BTC payouts remain incredibly fast.
Most withdrawals are confirmed within minutes if not seconds. Only in rare cases will the Bitcoin casino take more than 24 hours to process payouts. Compare that to traditional payment methods like bank transfers which can take up to 7 or 10 days to process. You’ll see that a BTC casino is a no-brainer.
Decentralized Network
A Bitcoin casino operates on a decentralized network. That means no one government institution or bank holds the funds. So, no one can confiscate your funds or freeze them. Users can transfer funds from one person to another making the process secure.
This is part of the reason transactions process quickly. There’s no red tape to navigate when processing transactions. In addition, the absence of a central governing authority means BTC taxation is a non-factor in most cases.
However, some governments are slowly becoming aware of taxation on crypto gambling. Those that impose tax, require that you pay it on BTC you sell or spend. The tax doesn’t apply to the money you keep in your crypto wallet.
Cost-Effective
In addition to processing payouts faster, transacting at Bitcoin casino sites in South Korea is much cheaper than traditional online casinos. Some operators don’t charge you anything for BTC transactions. In this case, the Bitcoin casino prefers to pay for the cost and remove the burden from its customer as a marketing strategy.
Those that do, don’t charge you an arm and a leg. In fact, BTC fees are considered to be just a fraction of the high-percentage service fees you’d pay at a regular online casino. This cost-effectiveness is a win-win for both players and Bitcoin operators alike. Players get to keep more of their well-deserved wins. The Bitcoin casino gets to save money on credit card fees if players transact using crypto.
Bitcoin Casino Bonuses
The continuity of a Bitcoin casino in Korea will largely depend on the bonuses it offers customers. Operators use bonuses to encourage more players to sign up. When used properly, a Bitcoin casino bonus can offer immense value. Here are the popular bitcoin bonuses you can expect at an average BTC casino.
Match Deposit Bonuses
The most common bonus offered by the average Bitcoin casino is the match deposit offer. Typically, the very first deposit you make on the platform is matched up to a certain percentage by the operator. In most cases, casinos peg it at 100%.
This Bitcoin casino bonus doubles your wagering funds right away. Prior to requesting a withdrawal, players must wager the bonus a specified number of times. At BK8, players can claim a 100% match deposit offer to use on slots.
No Deposit Bonuses
Some operators offer a range of Bitcoin casino no deposit bonus offers. Now, this peculiarity is not popular with most BTC operators, and understandably so. Instead of asking for a deposit, the casino rewards a player with a bonus for choosing to sign with them.
This reward can take the form of real cash or Bitcoin casino free spins. The amount in a no deposit offer is never as elaborate as that for the deposit match bonus. But it’s still valuable. At this point, no operator on this list currently has a Bitcoin casino no deposit bonus.
Free Spins
Bitcoin casino free spins are a common bonus type often paired with a welcome offer. They aren’t free per se, as players often must make an initial deposit with the casino to get the bonus spins. Either way, they are a great incentive to deposit funds as they give players the chance to explore exciting slots at low risk.
Some casinos can also offer Bitcoin casino free spins as promotions, as is the case with Cloudbet. Bonus spins rarely come with high rollover conditions and players can cash them out when they want.
Key Casino Terms with Bitcoin
Cryptocurrency A form of decentralized digital or virtual currency BTC Currency code for Bitcoin Bitcoin wallet A digital wallet where you store your Bitcoin Fiat currency Mainstream currencies used by banks such as USD, SGD, CAD, MYR Transaction fee A small fee a player must pay for every Bitcoin transaction Blockchain technology A system of recording information that makes it impossible to modify or alter BTC-friendly An online casino that accepts Bitcoin as a payment method Crypto gambling A type of gambling that allows a player to deposit Bitcoin Bitcoin slots Slots titles where players use bitcoin to play. Winnings can also be in bitcoin Bitcoin address A series of letters or numbers comprising an alphanumeric identifier that you can use to send and receive bitcoin Crypto Abbreviation for cryptocurrency Cryptocurrency exchange A platform for purchasing and selling cryptocurrency Digital currency A currency not available in any physical form but in a digital format Cold wallet A digital wallet that you can access without an internet connection. It’s considered to be one of the safest storage options Private key A variable used to lock or unlock algorithms. You can only access your cryptocurrency from your digital wallet if you have a private key Provably fair games The algorithm that ensures casino games aren’t tampered with or rigged RTP A code that guarantees fair and random outcomes of casino games, especially slots and table games Rollover The number of times a player must wager a bonus before attempting to cash out Bankroll The total amount for wagering owned by a player Cashback An offer by an online casino to give funds back to the player after a loss Free spins A feature common to slots allows players free chances to win House The casino Where To Buy Bitcoin for Online Casinos in South Korea
Before you can wager at a Bitcoin casino, you need to buy the BTC first. As a country with a growing affinity for digital payments, South Korea has several exchanges online. However, you need to align yourself with the best for a safe and seamless exchange process. Here are popular exchanges in South Korea.
Upbit
The premier trading platform was launched back in 2017 and has grown to be one of the largest in South Korea. Its clean and uncomplicated trading interface makes it a breeze to use. The exchange doesn’t charge you a minimum deposit. It’s a very secure exchange that supports the most renowned cryptocurrencies.
Korbit
Launched in 2013, Korbit was the first ever bitcoin exchange in South Korea. It comes as no surprise it boasts the largest trading volume. But being a pioneer isn’t the sole reason for its success. Korbit boasts reasonable trading fees and no deposit fees. Also, it features robust security and supports both the English and Korean languages.
Coinone
Coinone is the second-largest crypto exchange in South Korea. It was established in 2014 and is loved for its intuitive interface. That’s one of the reasons it’s a hit with newbies to Bitcoin gambling.
Coinone also doesn’t charge for deposits and the transaction fees are generally low. It features unique features like an integrated wallet. The exchange also facilitates the trading of multiple well-known cryptocurrencies.
Bitstamp
The competitive fees and simple user interface have made Bitstamp one of the most used exchange software in the country. Launched in 2011, it has no less than 4 million users on its platform.
What Bitcoin Wallets Are Best to Store Bitcoin in?
A bitcoin wallet is an essential tool for buying, selling, and trading cryptocurrency. Players need it to store their bitcoin securely as well as to validate transactions. From the over 50 wallets we reviewed, the following are the best in terms of security, cost, and usability for South Korean players:
- Ledger Nano S Plus: This affordable wallet boasts robust security and a clean security track record. No hardware security breaches have been recorded.
- Ledger Nano X: The Nano X is a feature-rich hardware wallet compatible with Android and iOS. You can manage your bitcoin in the move.
- Exodus: Exodus is a user-friendly wallet ideal for beginners. It comes with an in-built exchange to swap your coins.
- Atomic Wallet: This is one of the best desktop wallets and supports over 500 crypto coins. It runs on Windows, Linux, and Mac.
- Trust Wallet: Trust Wallet supports more than 65 blockchains. You don’t have to download multiple wallet apps to manage your bitcoin, making it one of the best options for mobile users.
- Coinbase Wallet: This is a convenient and easy-to-use wallet for players in South Korea. You can use it as a mobile app or browser extension, depending on what rocks your boat.
- Coinomi: From storing your private keys to managing your NFTs, this a versatile wallet to have. It supports more than 1770 coins on 125 blockchains.
How to Get Started with a Bitcoin Casino Site
Are you ready to place your first bitcoin wager? Here is a quick guide on how to get started at a Bitcoin casino.
Step 1: Visit Website
Choose a Bitcoin casino and go straight to its landing page. Using out number-1 BTC casino as an example, click “Visit BC.Game Now” to get to the correct homepage.
Step 2: Sign Up
Create an account by filling out your basic details.
Step 3: Deposit
Go to the payment section and choose a BTC payment method. Copy the bitcoin address and enter the amount you want to deposit. Click submit.
Step 4: Claim Bonus
Claim the welcome bonus. Pay attention to any required promo code and enter it correctly.
Step 5: Play Game
Choose a game from the casino’s library and start playing.
Step 6: Withdraw
If you’ve been lucky enough to win, go to the withdraw section, pick a BTC payment method, and request a withdrawal.
Alternative Payment Methods
Long before Bitcoin came about, players relied on traditional payment methods to move their funds around. Many still do, and the average South Korean Bitcoin casino makes room for them. If you want to weigh your options, we list a few BTC alternatives that are safe, simple, and easy to understand.
Debit/Credit Cards
For online gaming, debit and credit cards are safe & practical forms of making payments at a Bitcoin casino. They are widely available and therefore feature in most South Korean casinos. Of the two, credit cards are the favored option in the country.
It’s not surprising considering around 70% of point-of-sale payments involve credit cards. However, it’s ideal for players to use debit cards to avoid building debt when gambling. Visa and Mastercard debit cards are also perfectly safe to use and are known for their tight security measures.
eWallets
eWallets are also a popular feature in South Korean online casinos. These digital wallets offer a great deal of benefits, one of which is the ability to make instant transfers. When gambling at a Bitcoin casino, expect fast deposits.
Withdrawals take a few hours with most eWallets. Though the turnaround time is slower than BTC, it outperforms some banking methods like bank transfers. eWallets are also private, much like BTC platforms.
Prepaid Cards
Most online casinos accept prepaid cards as a payment method. You have numerous options to pick from, depending on the Bitcoin casino. A few popular options are Visa Prepaid, Mastercard, Prepaid, and Paysafecard.
Prepaid cards are safe to use. You can use and discard them with no risk to any sensitive information. With prepaid cards, you have control over your gambling spending habits. Players can only wager the amount they load on the card. Also, some prepaid card providers design mobile apps so you can load your gambling funds on the move.
Bank Transfer
Bank Transfers are a key payment method offered by many Bitcoin operators in South Korea. Due to their strict criteria, users view them as a safe option. For example, to deter fraudulent activities, online casinos follow strong Know Your Customer (KYC) procedures when facilitating transfers.
A range of transaction fees is often associated with this payment method. But you will find some casinos that don’t charge any transaction fees. Bank transfers aren’t the fastest payment method on the list. It could be 7 or even 10 days before you get your winnings.
The Best Bitcoin Casino
Using bitcoin as a payment method is one of the most secure ways for South Korean players to move their funds at online casinos. Several operators accept bitcoin, thanks to the privacy, anonymity of transactions, and instant withdrawals.
Your chances of having a rewarding bitcoin gambling experience are higher if you go with BC.Game. Since it was launched in 2017, the Bitcoin casino has offered players a distinctive and quality gambling experience. You only need to look at the vibrant interface, 40+ cryptocurrencies, 3-minute BTC withdrawals, and 2,000+ quality casino games to see why it’s our top pick.
Our Recommended Bitcoin Casino SIte in South Korea
200% Bonus up to €10,000 + 50 Free Spins
Claim Offer Bitcoin Casinos in Korea FAQs
Why should I use Bitcoin at online casinos?
Using Bitcoin for online gaming has several benefits. First, it’s a secure and encrypted payment method that’s difficult to hack. You don’t need to share your details to use Bitcoin, making your transactions anonymous. And then we have the incredibly fast payouts that no other payment platform can offer.
How long do Bitcoin withdrawals take at online South Korean sites?
Bitcoin is synonymous with ultra-fast payout speeds. Withdrawals typically hit your account within seconds, at most minutes. In rare cases, payouts may take a few hours. Either way, no other traditional payment method can afford players in South Korea this incredible benefit.
Are Bitcoin casinos legal in South Korea?
Internet gambling is forbidden in South Korea, and the same goes for Bitcoin casinos. Lawmakers impose harsh penalties for those found wanting. However, players are free to sign up with offshore casinos that accept South Korean customers. There are several licensed operators based offshore which are legal and safe to play at.
Is there a tax on Bitcoin?
No, there isn’t. That’s one of the primary advantages of using bitcoin. Bitcoin transactions aren’t governed by a central bank or government organization. As a result, no regulatory body can impose tax on the transactions.
What are the best Bitcoin casinos for South Korean players?
While you’ll find several Bitcoin casinos available to players from South Korea, some operators are certainly a cut above the rest. BC Game, BK8, and Dafabet are some top contenders that outshine their competition in several areas. These BTC casinos excel with quality games, fast payouts, and unmatched security.
Ernest Masuka has cultivated his expertise in the realm of casino gaming, drawing from years of hands-on experience as a casino floor manager. Over the las five years, he has dedicated himself to crafting in-depth online gaming guides and reviews. Joining Basketball Insiders as a freelance content writer in 2021, he has since ascended to a prominent role as a full-time contributing writer. His previous affiliations include contributions to notable online platforms like SilentBet and TopBettingSites.
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