There is a large number of games that let users play with Bitcoin and with a wide variety of cryptocurrencies. This is thanks to a trend that we have witnessed over the last few years in which online gambling sites have added support to virtual currencies.
Among the games that you can find to play using Bitcoin, Coin Flip remains one of the best options for users that love provably fair games. Online casinos know that there is a clear interest from crypto players to enjoy a great Coin Flip experience using digital currencies.
But this is just one of the many options that users can select from if they want to gamble with Bitcoin. The list of crypto-focused games is huge. Some other titles include Hi-Lo, Dice, Crash, Plinko, Lotteries, Video Poker, Roulette, Blackjack, and many others. Therefore, you can be sure that you will find a suitable game for you.
We have decided to create a complete guide with all the information that you should have about Bitcoin Coin Flip. We will not only tell you how this game works but we will also share with you all the details about the best strategies you can use, how to find the correct online casino, and which digital currencies you can use to play crypto Coinflip, among other things.
📢 Bitcoin Coin Flip gambling explained
Coin Flip is a very simple and popular game that existed for several hundreds of years already. As you might imagine, the goal of this game is to select the winning side of a coin after it flips. If you have chosen the correct side, you win. Instead, if you have chosen the wrong side, you lose.
Several casinos are already offering this game with a wide range of different options to choose from. The most common one includes the player selecting head or tail. The winning multiplier will change depending on the house edge of the casino in which you are playing.
The positive thing about this game is that it is very easy for players. This is also something that would let users select different strategies and test different game outcomes. But take into consideration that the casino will always have an edge and, in the long term, the casino has an advantage.
That being said, Coinflip is a simple but very fun game that lets you use Bitcoin or other cryptocurrencies to bet on heads or tails. Furthermore, with the auto bet feature, you will automate the whole strategy and create a very entertaining environment while flipping heads and tails.
👍 Tips and strategies for the Bitcoin Coin Flip game
There are several strategies that you can follow for Bitcoin Coinflip. Some of them will involve a larger risk (and a higher reward) or a lower risk (but lower earning potential).
Low-risk strategy
Let’s start with a standard and low-risk strategy. We can start with a very low betting amount and double it if we lose. We could start with as low as 0.0000005 BTC and double it if we don’t win. In our example, we would have lost the first bet (no matter if head or tail) and then bet 0.0000010 BTC. If we lose, then we double it again to 0.0000020 BTC, and so on until we win.
Starting with low betting amounts would be a very good thing if you want to make sure that you win most of the bets (after doubling the losing bets). It gives you the possibility to try close to 10 runs without losing a large amount of money. After 10 losses in a row, it could be a good idea to try recovering the funds rather than continuing with the strategy, as it could heavily affect you.
In this example, you will need to make sure that you have enough BTC in your account in order to resist a losing streak of 10 rounds. In this way, you can make sure that you will be playing for some time, even if you lose 4 or 5 times in a row, which is definitely possible.
Again, you should also know that as we are talking about an online casino game, there is a house edge that will be playing against you. Therefore, even when it seems that you have a 50% chance of winning, the casino has an advantage.
High-risk strategy
If you are a person that likes risks and wants to maximize your winnings, then you can follow a riskier strategy. By using a riskier strategy you increase your earning potential, but, at the same time, the possibility to lose your bet.
In a risky Coin Flip strategy, you will double your winning bets. For example, if you started with 0.0000005 BTC and you won, then you can double your bet to 0.0000010 BTC. If you win this bet as well, you continue with 0.0000020 BTC, and so on. But this will depend on the multiplier. In some online crypto casinos, you will find a multiplier such as x1.94, which will not be enough for you to double your previous bet but will be large enough to register a nice win.
This strategy will require you to leave the game beforehand if you made a nice profit, especially if you more than double your initial funds. In order for this strategy to be extremely profitable, you should start with a larger amount. See how far you can go with a winning streak.
If you want to reduce the risk, you can also mix different strategies. For example, rather than double your bet, you can increase it by 50% and keep the remaining difference on your account. This could be a good way to capitalize on winnings and increase your possible profits.
At the same time, if you lose on a bet, then you can always come back to the first strategy and double your bet until you win. But be careful, if you have already doubled your bet, then it might be quite difficult for you to continue with a losing streak. There are many other strategies that you can follow and explore with the auto bet functionality.
🦾 Auto bet feature in Bitcoin Coin Flip gambling
One of the beautiful things about modern online casino games is that many of them are already letting users enjoy an auto bet function. As the name suggests, rather than manually betting each round, you will instruct the game to bet a certain amount of money following specific parameters every single round.
With games such as Coin Flip where there is a need to constantly press a button to continue betting, it becomes a great option for the game to continue moving without the need to manually press a key. At the same time, it is also a great tool for players that want to test different strategies out and see the results that they will have in the long term.
An online casino with auto bet functionalities for its games is definitely a plus, especially if they offer repetitive games that can be automated in just a few clicks. This will not only let you enjoy a Coin Flip experience but it will also be a great opportunity for you to play one of the funniest games in the gambling industry.
Therefore, make sure that before you open an account in a specific online casino with this game, you check whether they are offering an auto bet functionality. If that’s something that is not important to you (because you simply don’t need it), you can then go ahead if all the other parameters of the online casino meet your needs.
Nevertheless, if you have two options and one of them offers you an auto bet feature, then you should definitely consider this online casino. You will have more possibilities to test the game and enjoy a seamless experience while playing Coin Flip using Bitcoin or any other digital currency.
🪙 What currency besides Bitcoin can be used to play Coin Flip?
Most online casinos that support Bitcoin (BTC) are already letting you use other digital currencies to deposit funds and play different games. But which are the virtual currencies that most online casinos are offering to users besides Bitcoin?
We start with Ethereum (ETH) because it is the second-largest digital asset in the world. Ethereum was used as one of the main alternatives to Bitcoin when BTC was congested. However, due to the fact that the Ethereum ecosystem massively surged, transaction times and fees have also moved higher. Nowadays, Ethereum is as expensive (or even more expensive) than Bitcoin.
Disclaimer: Ethereum is expected to transition from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) blockchain network. This is something that could help Ethereum become more efficient (faster and cheaper) for casino users.
Litecoin (LTC) is another alternative to Bitcoin gamblers. Why? Because it’s fast and cheap. Additionally, LTC is quite similar to Bitcoin, and therefore, it is a great alternative to using BTC. Compared to Ethereum, Litecoin has never been congested and there is a large community using this digital asset.
For players that want to have even more speed and lower fees, there are some digital assets such as Ripple (XRP) or Tron (TRX) that are extremely fast (transactions get executed in seconds) and fees are below $0.01 in some cases, especially for XRP. These are the best options for players that don’t want to lose time or money sending and withdrawing funds.
But there are also other digital assets that would let users get access to some of the best casino games. Tether (USDT) is known for being the largest stablecoin in the market. It can be used on top of different blockchain networks and it has its value pegged to the US dollar. If you are worried about volatility in the crypto market, then using USDT or other stablecoins could be a good idea.
👉 How to choose the best Bitcoin Coinflip gambling website?
There are many things that you should take into account when you search for the best Bitcoin Coin Flip gambling website. Each casino has different features, hence, make sure that you analyze which are the solutions offered by each of these platforms. At Gambling Bro, we have created a list of things you should check before opening an account to play Bitcoin Coin Flip.
Search for casinos with auto bet settings
If you are a regular online casino player, then you already know that there are some games that do not have an auto bet option. This is quite important for some players that are searching for different strategies and testing their results.
Coin Flip is one of these games that would let you try and test different high and low-risk strategies. You can try doubling your bet, changing between heads and tails, doubling only if you lose, or halving your bet by half if you win, among other things.
The auto bet functionality will be very important for these types of players that want to make sure that the game goes smoothly. Otherwise, the player will have to be engaged in an activity that would be monotonous and that would require additional clicks.
Hence, before creating an account to play Bitcoin or crypto coin flip, make sure that you check the auto bet settings for this particular game. If you are not interested in this additional option, then you can skip this point.
Read reviews and complaints
Another thing that is extremely recommended to play at online casinos is to read reviews and complaints. This applies to every single casino and platform that requires you to deposit funds. You don’t want to deposit Bitcoin or other digital currencies in a platform that perhaps is not paying for winning games.
This is why it is very important to read what other users and players write online. Some sites will let you get access to the information you need in just a few clicks. There you can read comments and the opinions of dozens of players.
You should check for red flags such as delayed withdrawals, games that do not work properly, or frozen accounts. These things are very important, as they would tell you the integrity of the platform in which you are going to be playing crypto Coin Flip.
These red flags should be definitely avoided. All positive comments related to the same topics are also welcomed. That means that the platform works as expected and that users are happy with the services that it offers.
Check the Information about the withdrawals
This is very similar to the point that we discussed above. You should read all the information about how withdrawal works. In some cases, the online gambling site would only release your funds if you passed a KYC verification. If you want to avoid this issue, read the Terms and Conditions (T&Cs) and check if there are some restrictions on withdrawals.
Take into consideration that most online gambling sites are now requiring users to pass a KYC check if they cross certain thresholds. Therefore, get ready to pass it as well, especially if you bet large amounts of money or if you request multiple withdrawals.
Make sure it supports other virtual currencies
If the platform is offering support to a multiplicity of cryptocurrencies that is going to be very positive for you. Let’s suppose that Bitcoin is congested and you want to use DOGE or XRP to play Coin Flip, then you should use a platform that lets you play with different cryptocurrencies.
Avoid those sites that let you deposit just Bitcoin or cash. You don’t want to get stuck with just one option. That being said, most online casinos nowadays are offering support to a variety of virtual currencies.
✔️ Is Bitcoin Coin Flip provably fair?
In order to make the whole experience even better, some casinos offer provably fair games. But what are these games? Aren’t all games provably fair? A provably fair game is any type of game that will let you verify the results yourself.
When you play at an online casino that offers Bitcoin Coin Flip, you should check whether the game is provably fair. This will add transparency to the casino operations and let you enjoy a unique gambling experience in the long term.
These online casinos rely on seed generators that will provide information about the game and provide you with a fair outcome. Moreover, you will be able to check this information thanks to a game ID that will be linked to that outcome. Nevertheless, not all games are provably fair, but Bitcoin Coinflip should be.