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To fully understand what crypto casinos are and how they work, we need to cover at least two important points. On one hand is the idea of cryptocurrencies, and on the other is their implementation in casino sites accepting cryptocurrency.
There is no easy or quick way to explain what cryptocurrencies are if you’re not aware of them. Suffice to say that they’re a digital type of decentralised currency. They use a sort of global ledger to keep track of who owns how many, which uses blockchain technology that serves as a public financial transaction database. In short, cryptos do not rely on any sort of central banking system or government.
This means that the use of cryptocurrencies is completely decentralised and anonymous. They’re also not considered currencies, strictly speaking. This is important for how crypto casinos work because it circumvents gambling laws and restrictions. To be frank, we still recommend sticking to licensed, trusted casinos.
However, you can still use them for, say, the best bitcoin casinos for US players. Because crypto gambling is not legally considered real money gambling, restrictions on offshore casinos are not enforced the same way. Cryptocurrencies do still have real money value, of course, because you can easily convert them to fiat currencies. If you’re not interested in the cryptocurrencies themselves, think of them as an extra step to keep your identity anonymous while gambling online. Moreover, crypto casino sites do not necessarily require you to go through the same identity verification process.
Not all cryptocurrencies are the same, and not all casinos accept all cryptocurrencies. Your choice in the matter is not strictly tied to gambling, though. Bitcoin online casinos are the most widespread, sure, but that shouldn’t be your primary reason for using Bitcoin.
Instead, read up on the features and characteristics of a particular currency before investing. The value, volatility, and staying power of your bankroll will depend on your decision.
The best casinos which accept bitcoin typically accept other big-name coins as well.
Bitcoin (BTC)Bitcoin online casinos take up the majority of the crypto gambling space, which is to be expected. After all, BTC is almost synonymous with the whole fintech industry. Bitcoin is quite valuable and available at most gambling sites, even ones focused on traditional fiat currencies.
The high availability and potential investment value are the biggest advantages of using BTC. On the flip side, high volatility can lead to rapidly diminishing value. Just be ready to withdraw at a moment’s notice when playing Bitcoin casino games.
Complete anonymity is another important point. The best bitcoin casinos for US players can allow them to circumvent restrictive gambling laws, for instance.
Bitcoin Cash is an offshoot of the original BTC. There are several major differences between the two, such as the much larger block size of BCH. To a gambler and everyday user, though, the most important aspect is decreased transaction fees. Online casinos that accept Bitcoin withdrawals sometimes have the issue of charging large fees for big withdrawals. With Bitcoin Cash, these are cut down to a few pennies.
Better yet, BCH is almost as common as Bitcoin these days. You can find them at most online casinos, and almost every crypto casino in the USA.
Second only to Bitcoin in terms of market capitalization, Ethereum is immensely popular among crypto gamblers. Technically, Ethereum is an open-ended decentralized software platform used in many applications. The ETH currency is just one of them, and online casinos that accept Ethereum are fairly common.
Ethereum online casinos are theoretically somewhat safer because of the technology’s features. ETH allows parties to sign contracts and avoid fraud more easily while also maintaining faster transaction speeds.
Litecoin is nearly identical to Bitcoin in most regards. However, in practical terms, it’s somewhat less volatile due to its limited popularity. In some ways, LTC is for forward-thinking users who aren’t afraid of a little risk. That’s because it’s one of the alternatives that may challenge BTC as it becomes more difficult to mine.
Either way, Litecoin casinos are not quite as common as some of the other cryptos we talked about. It’s still a viable alternative, even though its value has plummeted in recent years.
The fact that Dogecoin sprung up as an internet meme doesn’t make it any less of an option for crypto enthusiasts. Yes, it’s extremely volatile, but that’s exactly what some users enjoy about cryptos. Online casinos that accept Dogecoin are few in number, though, which is something to consider.
Beyond that, there isn’t much difference between Bitcoin and Dogecoin in practical terms. Dogecoin is a lighthearted coin for those that don’t take the crypto business too seriously, and there’s merit to that.
Online casinos require payment methods to function, and crypto requires wallets. You need a place to store your currency before and after you put it in a crypto casino. That much is a given – but your choice of crypto wallets is not insignificant.
It’s about as important as choosing the best payment methods in fiat-based casinos. In other words, it’s crucial to your experience even though many people overlook it. Let’s consider some of the most popular crypto wallets.
CoinbaseIf you’re not sure which wallet to use and you’re new to the scene, Coinbase is probably what you’re looking for. No matter which cryptocurrency gambling coins you’re using, Coinbase can house them. With over 500 supported asset formats and millions of users, this is the go-to crypto waller for newbies.
However, reliability and security are hands-down Coinbase’s greatest strengths. It’s an incredibly reputable trading platform that can recoup cryptos lost due to fraud or theft. If online crypto casinos are your only reason for owning Bitcoin, make things easier on yourself by using Coinbase.
Electrum is somewhat specialized because it only allows Bitcoins as assets. However, it’s the best at what it does, offering advanced customization and reduced transaction fees. All the top bitcoin casinos offer great terms for Electrum users because of its improved security and lack of downtime.
Of course, there’s a downside to this limited scope. Ethereum, LTC, and all of the other currencies are out of the question with this wallet. It can strictly be used for online casinos that use bitcoin.
Exodus is another beginner-friendly wallet with an easy-to-use interface. With over 150 different types of cryptocurrencies and other assets, it’s also quite versatile. You can use it to deposit and withdraw from casino sites accepting cryptocurrency in a fast, cheap, and seamless manner.
That said, the security features are a bit lax compared to the competition. Exodus lacks two-factor authentication and does not really support smaller altcoins. Still, it’s a safe choice, especially for those who want to link it to hardware wallets such as Trezor.
Edge is an extremely user-frindly wallet that prioritizes convenience for its users. It does all that while remaining air-tight in terms of security, though, which is one of its main strengths.
As a downside, Edge only supports around 7 different cryptos (BTC, ETH, LTC, BCH, DASH, REP, and WINGS.) However, the good part is that you can freely exchange them within the wallet itself. That can make your life a bit easier if you use multiple currencies at cryptocurrency casinos. However, you can’t convert them to fiat currencies on-site, so you’ll have to rely on third-party exchanges to withdraw funds
If you’re just starting out with crypto gambling, the very notion of crypto transactions might be foreign to you. No worries – the process itself is no more difficult than any other type of online payment. You may need to take an extra step or two, though, so we’ll go through crypto casino deposits and withdrawals together.
We’ll preface this by pointing out that casino sites, currencies, and wallets can be vastly different. There are many moving parts involved, but it’s all fairly straightforward in most cases. We’ll stick to Bitcoin online casinos for our examples because they’re the most popular.
Open an account at a crypto casino. This step is fairly straightforward. Go to the casino you chose, click register, and follow the instructions. If there’s a crypto casino no deposit bonus available, this is where you opt in.
Go to the Cashier page and select the currency you wish to use. Every casino has such a page. You can also check crypto casino bonuses such as matched bonuses here.
Copy and Paste your Blockchain address to the required field. You may need to specify your address so the casino can know it’s your deposit and apply the required bonuses. You’ll find your address in your crypto wallet. Not all new Bitcoin casinos have this step.
Copy the casino’s blockchain address from the deposit page. You’ll need the address to deposit the funds.
Request a new transaction from your wallet. Select “New Transaction” on the wallet and paste the casino’s address. Also, select the amount you wish to deposit.
Confirm and enjoy! One good thing about casino cryptocurrency deposits is that they’re processed in seconds. You can now use your deposited cryptos to gamble!
So you played some crypto casino games, won some money, and want to withdraw it back to your wallet. This part is even easier.
Click on ‘Withdraw’ on the cashier page of the casino. You should be familiar with this part by now.
Make sure you clear wagering requirements from any bonuses. This is especially true for no deposit bitcoin casinos. You won’t be able to withdraw before the wagering requirements are met, as per the casino’s Terms and Conditions.
Select the currency and amount you want to withdraw. Single-currency bitcoin casino sites will only require an amount. Keep in mind that some sites have withdrawal limits – both minimum and maximum.
Paste your Wallet address into the empty text box. Head back to your wallet to find out your address.
Hit confirm and withdraw! The transaction itself should be over in seconds. However, the site itself may want to verify and confirm the request before the money goes through. Once it does, you will be able to do whatever you want with the cryptos in your wallet. This includes converting them to fiat money and sending them back to your bank account.
Still not sold on the idea of crypto gambling? Let’s look at some pros and cons compared to regular online gambling.
Keep in mind that some players will always prefer fiat betting because it’s easier and more familiar. That’s all right – crypto casinos online will probably always be a niche part of the industry. However, the perks of using cryptos cannot be ignored.
The lack of regulation for both online casinos that use Bitcoin and the transactions themselves might be setting off some alarm bells for some people. That’s understandable, so we’ll cover some basic saferty tips before we wrap up.
Lack of regulation ultimately places a lot of responsibility on you as a user. However, if you’re careful about who you trust, you have nothing to worry about. Here are some basic safety guidelines for playing at online cryptocurrency casinos. In short – keep your wits about you, and you’ll have no dangers navigating the crypto gambling world. By now you should know everything about how to use cryptocurrency at online casino sites. Just pick one of the top crypto casinos listed above, and have fun.
Pick your casino carefully. The top crypto casinos listed on this page are all vetted, but it never hurts to be extra careful. Make sure the site you use has some sort of licensing and an established reputation for reliability.Every casino payment method should be matched with a respective bonus offer. Why wouldn’t you use free casino money if you have the opportunity? We cherry-pick the highest-paying casino bonus deals for all players. Enjoy your free cash, free spins, chips, and bonuses right below in these top-notch gambling establishments:
Make sure, however, to read through the terms and conditions of each casino bonus on offer. These contain info such as wagering requirements, capped max win, and principle rules. Therefore, players should be aware of the rules to successfully claim both the welcome bonus and winnings made with it.
There are dozens to choose from these days, and many have incredible offers. All bitcoin casinos have their own pros and cons, however, and need to be carefully compared to get the best results. You can use our top Bitcoin casino list above to find your perfect operator.
It’s a simple matter of depositing a cryptocurrency to a casino, just like you would with regular money. You will, however, need to:
On a cryptocurrency exchange, where you can exchange cryptocurrencies for fiat money or other crypto coins. There are dozens of exchanges available online. Some services such as Coinbase integrate exchanges into crypto wallets.
The good ones are, yes. Any crypto casinos on our list are reliable and trustworthy, often with international remote gambling licenses.
Yes. There are no laws or regulations prohibiting crypto casinos in the US. Remote gambling in America is mostly blocked by a law prohibiting cross-state transfers for gambling proceeds. Since cryptos are not technically real currency in the eyes of the law, crypto gambling is not considered “gambling proceeds.”