Blockchain

Win upto 5000 BTC at Vera&John, First Licensed and Regulated online Casino to Support Bitcoin

On 28th January 2014, Vera&John became the first licensed and regulated online casino to support deposits and withdrawals in Bitcoin. Although it seems like there are a vast number of gambling websites based on the virtual currency, Vera&John says that it presents bitcoin as way to pay for existing games on the site.

Vera&John host over 200 high quality slot games. New players receive a 100% deposit bonus up to £/€500. They offer a wide range of first-class online gambling products and games from providers such as  NetEnt, Play'n GO, Betsoft, IGT, Nextgen Gaming, Bally Technologies and Three Pigeons. Vera&John is a EU based casino, regulated by Malta’s Lotteries and Gaming Authority: LGA/CLl/552/2009.

“Several games are offering big jackpots. At the time of writing you can win up to 5,000 BTC from a single bet. Vera&John's legendary 'Guaranteed Winnings Promotion' guarantees that every day's biggest win is topped up to €5000 and every month €50, 000,” stated Vera&John in a post.

Some features:

  • Current market rate is applied from several Bitcoin market places such as but not limited to a mixture of all bitcoin marketplaces that exists today. 
  • VeraJohn’s rates changes in real time and exchange rates can be viewed on the deposit and withdrawal pages.
  • Their website is operated under license number LGA/CLl/552/2009., issued and regulated by Malta’s Lotteries and Gaming Authority.
  • U.S. residents are not allowed to use this service. The company’s regular payment options apply for all deposit methods, whether the user deposits with bitcoin or other methods. 

“About the withdrawals, our European Union casino licence in Malta prohibits us to directly process withdrawals due to anti-money laundering rules and regulations fraud and other issues, so we do need to manually review each withdrawal. We have a large team maintaining this specific topic, on weekends it normally takes 4-10 hours normal days about 4 hours. Officially we say within 24 hours just to not make anyone sad,” stated Vera&John. “All withdrawals, regardless of the method you use, are treated the same. This includes bitcoin. Once approved, the withdrawal is instant - well, instant - the time it takes for any bitcoin transaction to get confirmed,” they added.

Vera&John is utilizing Coinapult as a payment processor for the Bitcoin part of its online Casino’s business. “Vera&John have been extremely excited to get bitcoin payments up and running. They understand that it’s only a matter of time until other gaming operators recognize the benefits of bitcoin technology and realize the actual ease of integration,” the spokesperson continued,” said a spokesperson at Coinapult.

Some of the other Websites operating in this space:

Infiniti Poker: In December 2013, US facing online poker room Infiniti Poker launched for real money play. Deposits can be made in Dollars or Bitcoin. Withdrawals however are currently restricted only to Bitcoin.

SealswithClubs: This is a Bitcoin-only website that offers an online poker room to US players that exclusively use the virtual currency rather than cash. The rake at NL (No-Limit) tables is set at a relatively low 2.5% with a cap of 0.005 BTC (the lesser of 3 big blinds).

Bit777: It is a full-service casino of the Bitcoin industry. It  has a full list of online casino games, such as European, American, No Zero, French  and Card Roulettes; Standard Blackjack, as well as SnapJack; Table games such as Caribbean Stud, Craps, Let Em Ride, Pai Gow, 3 Card Poker and others.

Chiraag Patel

Chiraag Patel is a Senior Reporting Analyst and the Editor of Bitcoin and Virtual Currency channels at Lets Talk Payments. He is an engineer with deep interest in MMORPG, Virtual Banking, Game Currency and Virtual Cash. Chiraag enjoys Reading& Blogging with focus on New Innovation, Technology & Startups in the Payments Space.

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