Bitcoin is a new generation payment method among gamblers. Created in 2009 by Satoshi Nakamoto, it is a virtual currency generated by a process called mining. Users who want to dig bitcoins can do it via computing resources of their computers or exchange cash for bitcoins. It has become a popular virtual currency due to the peer to peer usage where more users are realizing the benefits of owning this cryptocurrency. Being decentralized in nature, no government can take away bitcoins owned by a user. Crypto gambling is an emerging currency in online casinos and many Sportsbooks have started accepting it. This has turned out to be beneficial for gamblers gambling from jurisdictions where gambling legislative matters are in limbo.

Best online casinos using Crypto

Rank

Casino Name

Bonus

Casino License

Rating

Get started

1
Up to €800 + 75 Free Spins
Curacao
Rating 9.90 out of 10
2
Up to 1200% Welcome Package
Curacao
Rating 9.81 out of 10
3
Receive ‎€390 Promo Code ANALYZE
Curacao eGaming License
Rating 9.72 out of 10
4
Get 400% up to €1200
Curacao
Rating 9.54 out of 10
5
Get €1050 + 300 Free Spins
Netherlands Antilles
Rating 9.40 out of 10
6
Come Grab 1BTC + 189 Free Spins
Curacao
Rating 9.32 out of 10
7
100% up to €500 + 200 Free Spins
Curacao
Rating 9.30 out of 10
8
Up to €200 + 100 Free Spins
Netherlands Antilles
Rating 9.10 out of 10
9
Receive €500 + 200 Spins
Netherlands Antilles
Rating 9.05 out of 10
10
Receive $1080
Curacao
Rating 9.04 out of 10
11
Welcome Bonus Up To € 2500
Curacao eGaming
Rating 8.95 out of 10
12
Claim 1.5 BTC + 250 F.S.
Curacao eGaming
Rating 8.93 out of 10
13
111% Up To €1500 + 100 Free Spins
Rating 8.91 out of 10
14
Receive €1750
Curacao
Rating 8.71 out of 10
15
Receive ‎€1500 + 150 free spins
Curacao eGaming License
Rating 8.70 out of 10
16
Get Up To $600 + 125 Free Spins
Netherlands Antilles
Rating 8.64 out of 10
17
Claim 5 BTC + 180 Free Spins
Netherlands Antilles
Rating 8.62 out of 10
18
100% up to 5 BTC
E Gambling Montenegro
Rating 8.58 out of 10
19
$1100 + 100 Free Spins
Curacao
Rating 8.57 out of 10
20
Claim 4BTC + 150 Free Spins
Netherlands Antilles
Rating 8.41 out of 10

What Is Crypto Gambling?

Crypto gambling has gained a lot of popularity recently since it has the same premise as gambling with other currencies. Gambling crypto is widely available now. Casino games accepting crypto include bitcoin baccarat, bitcoin roulette, sports betting, bitcoin poker, video poker. Certain casinos only accept bitcoins and no other crypto coins used for gambling which are known as BTC casinos. Cryptos use a digital ledger or registry which is copied and stored on a network of computers. The register tracks everything and in cases of issues, it will be flagged and is untraceable to avoid hacking or alteration. Cryptocurrency is a digital payment model designed for competing against traditional and regular payment methods. Bitcoin gambling has paved the way for crypto casinos.

Crypto casino fees are a fraction of the fees that are associated with credit card payments and bank transfers which charge a bug percentage as a service fee for transactions. Thus, crypto casinos are cost-effective for both punters and website owners because the house saves money on credit card fees when customers prefer crypto payments over other methods for funding their accounts.

Steps For Crypto Gambling

Online gambling with bitcoins has been made easier since many online platforms now accept Bitcoin and other cryptocurrencies like Ethereum, Dogecoin, etc. Crypto casinos offer multiple game selections for punters like slot releases and dice games. To answer is it worth gambling on crypto, one needs to understand that gambling using Bitcoin is not as complex as you think. Steps for making crypto deposits at casinos are: 

Step 1
Establishing a Crypto Wallet: It is very similar to a regular wallet but there is less chance of you losing it or being taken away. It is a secure wallet that allows you to store and use the digital belongings of a punter. Among many crypto wallets and crypto coins for gambling available in the market, one has to register with a preferred wallet after which he would get a digital address for accessing the account.
Step 2
Purchasing Crypto: After getting a crypto wallet, the user has to log in and buy a preferred cryptocurrency which would require using a traditional payment method. Bitcoin is the most popular and best gambling crypto coin available in the market. After choosing the cryptocurrency, ensure that the online gambling platform accepts it too. Crypto casinos are definitely one of the most popular casino payment methods around the globe.
Step 3
Choosing A Crypto Casino: After deciding upon which crypto to purchase, the punter has to choose a casino that accepts it. Check for the game selection as well in order to avail the best promotions like Deposit bonuses, bitcoin sports welcome bonus.
Step 4
Depositing Funds: One has to go to the casino account page where the crypto options are available. Upon deciding crypto, one gets a wallet with the casino address which has to be entered at the crypto wallet. Then decide upon the amount for transfer. The account is funded instantly and the balance might be converted to EUR/GBP/USD etc depending upon the chosen cryptocurrency.
Step 5
Selecting A Game: Check out the games available from the casino lobby and wager as per your wish. Do go through the game rules, terms and conditions, and payouts since not all casinos offer the same.
Step 6
Withdrawal Of Crypto: After gambling with cryptocurrency is done, go to the casino account section at bitcoin bookmakers and betting sites and click on the withdraw option. The amount has to be fed in and an on-site prompt for entering the wallet address would pop up. After feeding it in, the withdrawal request is processed.

Hybrid Gambling Platforms

A hybrid casino is basically a mixture of an online casino and a gambling token crypto casino. Crypto casinos usually have a specifically dedicated platform for original crypto games and casino extreme crypto deposits. Hybrid casinos strongly focus on slot machines provided by popular software gaming houses like Novomatic, NetEnt, Microgaming, etc. Hybrid casinos accept both fiat and crypto but the main difference is that online casinos allow payments via third-party tools like Coinspad which are not directly connected to the platform. 

Best crypto gambling site offers hybrid gaming tables to punters for attracting customers and keeping them engaged. Hybrid table games combine aspects of online and brick-and-mortar casinos. The faced-paced experience and ease of slot machines are combined with live dealers on hand. Hybrid casinos offer international currencies like GBP, EUR, USD and accept Ethereum betting, bitcoins. Transactions are made via standard casino cashiers and these sites offer all types of deposit methods such as credit cards, debit cards, etc. Almost all hybrid casinos have no minimum limits and are a great platform for high rollers.

Cryptocurrency Gambling Ecosystem

Technological innovations have brought about revolutionary changes in every business. With the evolution of financial technology, a cryptocurrency developed in the last decade plays a major role in it. This blockchain-backed digital currency is considered to be the future of the gambling Ecosystem. Apart from bitcoins multiple other cryptocurrencies like Polkadot, Ripple, Ethereum, Litecoin, Dogecoin are available.  

This decentralized ecosystem of crypto gambling has brought about many changes to the industry. Many gambling sites, big gaming studios, and sportsbooks offer crypto gambling and bonuses like in Cbet casino new crypto bonus. Punters can easily connect their wallets and instantly bet on these platforms. Multiple promotional offers are available for crypto users at casinos.

The Crypto Only Gambling Sites Vs Traditional Sites

Many land-based casinos have moved online due to the immense opportunity for getting an extra slice of the market and a revenue increase. Do online gambling sites accept cryptocurrencies? The concept remains the same but certain differences like promotions to attract customers and compete against other budding online casinos, lesser house edge have been introduced. Thus, online casino owners are bringing in such innovations to lure customers. The industry continues to grow along with technological advancement making online gambling secure. Blockchain brings in security, transparency, and decentralized global payments in crypto casinos. 

The main difference between crypto slots and online casino is their backend technology where online casinos rely on certain programming languages without an innovative way of delivering security and games to the customers. Whereas, crypto casinos working with blockchain store all the data on a specific ledger made public for people who wish to verify its authenticity. 

Programming languages are still used to develop these platforms but punters can now check the legality of a casino, the status of transactions, exact processing time of deposits, and withdrawals. Thus, crypto casinos have a bigger power in terms of data controlling and security. No deposit bonus for crypto gambling is also available. 

How To Stay Safe On Crypto Gambling Platforms

Tip

Crypto casino bitcoin sounds lucrative at first glance but punters need to be careful and vigilant about their own security at these profitable crypto gambling platforms. For crypto gambling and bitcoin betting UK, their security is only as good as the punter who is controlling them unlike traditional methods of deposits and withdrawals where regulated methods safeguard customers. Controlling personal security is very rewarding and powerful. Tips to stay safe at crypto casinos : 

Diversified Approach: Always store as much cryptocurrency at casino wallets as you can afford to lose. Thus, a punter must always store a minimum amount of crypto assets on Bitcoin wallets too. Keeping your cryptocurrency portfolio diversified across active wallets for dogecoin betting sites which are used for casino transactions and cold wallets for saving them is the right approach to avoid getting completely wiped out. 

Trust Factor And Reputation: User due diligence is required on bitcoin platforms to ensure the services or products they plan on using are of good character and quality. Always start small as a newbie to a crypto casino and make small deposits. After a moderate level of gambling, try out the withdrawal process. If everything is as per expectation on both functional and community levels, the bitcoin casino is good to go.

Factors To Consider While Choosing A Crypto Gambling Site

Before choosing the best bitcoin gambling platform, always go through reviews by other punters. Analyzing different platforms is essential to be able to choose the best one. Some points that would help in making a better decision: 

Legality Of The Platform: Ensure that the crypto casino is licensed under a regulatory authority to avoid fraudulence and scams. Having authority makes it easier for a punter to report an issue. 

Bonuses And Promotions: Most crypto casinos offer bonuses and other promotional offers like bitcasino Olympics bitcoin bonuses, free sign-up bonus crypto gambling to lure customers and maintain the player base. Always go through the terms and conditions before availing bonuses as they differ from one casino to another in terms of crypto gambling taxes as well. 

System Support: The best crypto casino gambling sites can be accessed via Android, iOS devices as well as laptops, computers. Crypto casino games must be chosen keeping in mind the desired medium of gameplay. There are downloadable casino applications available too.

Game Selection: Best bitcoin casino offers multiple game choices to punters in the form of bitcoin gambling games. They also provide a gaming option of their choice. When bored, they can also shift to another game and start playing. Online casinos provide updated and advanced gaming options to cope with the latest trends. 

Payment Options: There is a bitcoin slot machine accepting only bitcoins out of the other cryptocurrencies available. These need a casino bitcoin wallet to access. Another type of online casino accepts not only bitcoins but other cryptocurrencies as well like Dogecoin betting. They offer to bet with conventional currencies as per a gambler’s choice. 

In this digital era, cumbersome institutions like debit, credit card companies, and banks are not necessary due to the online optimization of bitcoins and other cryptos. CasinoCryptocurrency offers high privacy levels, efficiency, and easy usage. 

Pros And Cons Of Crypto Gambling

PROS
  • Anonymous is nature
  • Lower fees
  • Swift transactions
  • More betting options, multiple gameplay, and offers
  • Higher accessibility since funds can be transferred offline too
  • Security of funds
  • Flexibility
CONS
  • Errors cannot be corrected if funds are transferred to a wrong wallet
  • No government surveillance, therefore, lacking a legal eye

FAQ

The legality of crypto betting depends from country to country. In the UK, bettors can use cryptocurrency as a payment method whereas, in the US, laws are different. However, some exceptions include Nevada where crypto payments can be made.
Unlike fiat currencies that are issued by the Central Bank, Cryptocurrency leverages Blockchain technology for safeguarding user security and integrity while making transactions.