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There have been many attempts to develop digital currencies, but none were successful until 2009 when Bitcoin was introduced to the world.
With this new form of currency completely decentralised, the possibilities for its use are endless. It is no surprise that many online casinos now offer cryptocurrency as a payment method.
As a casino player, you may already have some knowledge of cryptocurrencies, you could be planning to use one of these methods, or you could already be enjoying the many positive benefits of playing at a crypto casino.
On this page, you’ll discover everything there is to know about crypto gambling and also how to choose the best cryptocurrency to play at your next new casino.
How Does a Cryptocurrency Work?
Once you understand the basics of crypto, using it in your day-to-day life will be just as easy as reaching for your debit card; in fact, the 2 payment methods are very similar.
Crypto is a digital currency where all transactions made are entirely anonymous and recorded on a Blockchain ledger, which is basically a public online ledger. Whereby with standard currencies, a bank or government would record your cash transactions internally.
What makes this process safe is the use of advanced cryptography on both ends, making any transfers completely secure and anonymous at all times – this is another major advantage when gambling with crypto.
The algorithms employed create continuous immutability, so each new block added to the blockchain makes the previous blocks much more secure.
Using a Crypto Casino
The evolution of online casinos moves at a lightning-quick pace, and while operators are constantly sourcing the most up-to-date casino games and technologies, they are also looking for innovative new payment methods to enhance a player’s casino experience.
Since the introduction of this digital currency, there has been a sharp increase in the popularity of crypto gambling, and players looking for a new crypto casino will have no trouble finding one nowadays. On top of the usual range of casino games that you will find at standard casinos, you can also use your crypto funds to participate in tournaments and other periodic promos to try and win additional prizes.
Making payments to and from a new online casino with cryptocurrency is incredibly easy, fast, and extremely safe, leaving you with more time to enjoy your gameplay. Due to the currencies volatility, there are risks attached, and winnings from crypto games could be worth significantly more or less daily.
Before starting to enjoy your new payment method on the many crypto games out there, you’ll first need to set yourself up to buy and store your cryptocurrency and to do this, you will need to choose one of the many hardware or e-wallets available.
These physical devices can store your crypto and enable you to buy and spend your chosen currency.
They are usually the size of a flash drive, so you can easily keep your personal details and secure keys away from the internet, thus adding another layer of security.
These application-based wallets are used with internet-connected devices, such as mobile phones or tablets.
The wallets generate the security keys and codes which you will need when making your cryptocurrency transactions and are suitable for storing smaller amounts of coins.
They are quick and straightforward to use and are especially useful when topping up your casino account.
Choosing the Best Cryptocurrency Casinos and Games
With many new online casinos out there, competition is high for your cryptocurrency and you’ll find a number of operators offering bonuses and regular rewards in return for your loyalty.
It’s always worth checking this out first when choosing a new casino though, as some do not offer any rewards, and this could make for a pretty negative player experience.
Game availability
Not all games are available to play using cryptocurrency. Making sure your chosen new casino has plenty of crypto games on offer should be a huge factor when deciding where to spend your currency.
Game developers
Check into the software providers behind the crypto games on offer; you should be looking for trusted names that provide high-quality games and can prove their security, reliability and trustworthiness.
Look for deals
Most online casinos will offer a good deal of regular crypto games with some exclusive only games such as Bitcoin and Satoshi Dice, which are not available to players using standard currencies.
Read casino reviews
Discover more information about each crypto casino that offers these payment methods, and learn more about the different types of cryptocurrencies and other details a casino offers.
Security at Crypto Casinos
Thanks to Blockchain technology, you can rest assured that your currency is safe behind the most advanced levels of security. This also means that any transactions you carry out to your new casino are made anonymously as your details are never recorded on the ledger, with hackers having zero access to your personal details.
When you make a transaction at a crypto casino, you will not be required to provide your banking details or any other data, and payments can be made instantly and securely, with no record of the payment showing up on a debit card statement for example.
As with any casino that we recommend, if you have any issues then you can contact the website’s customer support.
Cryptocurrency Faucets
These faucets work just like a dripping tap, except for water being leaked into a sink; the faucet will drip small amounts into your online casino account for completing easy tasks within certain crypto games or for signing up to a new casino and work as a kind of crypto casino no deposit bonus in a way.
These faucets enable Bitcoin promotion and help to educate players about how easy it is to enjoy some crypto gambling, and let’s face it, we all like something for free!
Deposits and Withdrawals
When making payments to and from your casino account, it’s always worth checking the casino’s own procedure on this first, and once familiar with this, and you are ready to go within a few simple steps.
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Select your chosen cryptocurrency from the list of payment methods. - Select your crypto wallet.
- Enter the required deposit amount and confirm.
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Choose the method you wish to withdraw using. - Enter the amount and confirm.
- Your winnings should be in your selected wallet within minutes.
Crypto Casinos FAQs
What is the best Bitcoin casino?
Finding the right crypto casino for you is a personal matter and based on a number of factors- which is why we have reviewed many casinos that offer Bitcoin as a payment method. And we are players just like you- so you can trust that our reviews are honest and reliable and will provide you with the correct information to make an informed choice.
Can I play live casino with cryptocurrency?
You’ll find that many online casinos will offer a selection of live dealer games for you to bet on using your crypto, just as you would with standard currencies.
What is the best type of cryptocurrency to use in an online casino?
Each type of cryptocurrency offers something different, and choosing the one to suit your needs is a personal preference. On this page, you will find comprehensive guides on each version that will help you decide.
Is it possible to lose winnings from a crypto casino?
There is always an element of risk involved when using any crypto due to its volatility; its worth can rise and fall from one day to the next, like any stock-based currency. Winnings one day could be worth considerably more or less, so be aware of this.
Will I pay fees to use cryptocurrency at an online casino?
There are usually no or very low fees involved with using crypto. When choosing your new casino and variety of crypto, it’s always best to check this out before signing up.
How do I buy a cryptocurrency?
Getting your crypto gambling journey on its way is really easy, and cryptocurrency can be purchased from an exchange. There are many of these online, and currency can be bought using a debit/credit card or bank transfer, and once the coins are in your e-Wallet, you are good to go.
Can I play poker with cryptocurrency?
Enjoying a game of online poker just got even more exciting with the introduction of cryptocurrency, and many online casinos will offer many crypto poker games for you to play. With fast, anonymous deposits and the lower associated costs with cryptocurrency, you’ll often find that crypto poker rooms will also have a lower rake charge.
Is it legal to gamble with cryptocurrency?
When choosing any new casino, it is essential to check if it holds a valid and credible gambling licence to ensure that you play legally with any currency. You can be sure that all the new casinos we review and recommend have been checked and hold valid licences. Crypto casinos are legal in many countries.
