Depositing and withdrawing funds on your online gambling account used to be tedious with traditional payment options like bank transfers and credit cards. Although e-wallets have been emerging and made the situation easier, cryptocurrencies still have many more advantages over other options with faster processing times and lower fees.
On this page, we’ve compiled all the information you need about cryptocurrency in online gaming. We explain what makes crypto casinos worth it, the most popular coins you’ll see on the platforms, depositing and withdrawing, wallets, exchange rates, bonuses and game types. In the end, we offer a list of the most frequently asked questions and answer them.
Few steps to make your first cryto currency deposit
Choose a casino
Sign up at any of the recommended cypto casinos listed above.
Select the currency you purchased
BTC, LTC, ETH or other.
Choose your crypto wallet from the list
Select any of the available options and enter the amount to deposit.
Wait for your deposit to activate
And enjoy your crypto currency bonus
What Are Crypto Casinos?
Crypto casinos are online gambling platforms that use digital currencies as payment methods. Like traditional online casinos, the player needs to register, providing personal details. However, there’s some anonymity component because of the nature of cryptocurrencies.
After Bitcoin and altcoins came along, many existing online casinos started seeing the appeal of adding them to their platforms. These days, some new ones are emerging that are crypto-exclusive. This setting creates two types of outlets that use crypto.
Additionally, crypto-exclusive casinos are often based on blockchain technologies, which remove a few frustrations compared to traditional platforms.
How to Register?
Once you find the crypto casino with your favourite games and an appealing theme, you’ll need to set up an account as you’d do in a regular online casino. However, instead of inputting card details, choose the currency you own a wallet for and enter its address identifier in the corresponding field.
If you don’t have a wallet yet, register with one of the many recommendations we offer later in the article. You’ll have to pass the verification to be able to exchange regular money into crypto. The exchange rate determines the amount of money in crypto you’ll have in the account. From here, you can refill your gambling bankroll as described above and start playing.
Why Play at a Crypto Casino?
Cryptocurrency is a peer-to-peer, blockchain-verifiable way of handling money transactions. It has a lot of advantages and a few negatives for players. This section aims to open up all the secrets of why you should or shouldn’t play at a crypto casino.
Privacy: This is huge among casino players. Many of them want to stay in the shadows and avoid disclosing information about themselves. While traditional online casinos need to know your address, phone number, and bank details, crypto casinos avoid using bank-related information, requiring only your wallet key for the transaction.
Anonymity: We mentioned that the transactions are visible to everybody who views the blockchain. Still, they only see the amount processed and alphanumeric identifiers that nobody can trace back to you.
Transparency: Due to the public ledger, you can always prove the transaction if required.
Decentralisation: As it’s available on a peer-to-peer basis, crypto isn’t ruled by any government, bank or other organisation. Thus, you have complete control of your account without anybody watching.
Worldwide availability: Due to decentralisation, the coins are available in all countries. From the start, cryptocurrencies aimed to provide a way of getting and sending payments without regard to national borders and currencies.
Transaction fees: Whether you’re using an e-wallet organisation or a bank, they have percentages from each transaction made through their systems. Banks also correct for exchange rate fluctuations. In any case, both organisation types need to make money. Cryptocurrencies have way lower rates, so you keep more of the money you won.
Quick transactions: A bank transfer can take up to five business days. Add that to the casino’s 24-48 hours of request processing time, and you’ll have up to 7 days before you get the winnings. Crypto processing only takes up to a few minutes.
Better bonuses: Due to cheaper operations, lower fees and banking costs, cryptocurrency casinos can offer rewards and VIP opportunities with better terms.
No chargebacks: Once the funds left your wallet and the transaction is in the ledger; there’s nothing you can do to charge the money back. On the one hand, this is an excellent protection mechanism for casinos from fraud. Still, from the player’s point of view, it’s a bit risky. If you have any issues with the casino, you won’t be able to get your money back. For example, in the case of a credit card, you’d be able to call the bank and ask for a chargeback.
No help centre: While the casino or your wallet might have a proper support centre, the blockchain has no regulation. Thus if you run into an issue with the transaction, it’s not going to be easy to solve it. You’ll either have to dig out the answer yourself or lose the money. We recommend that you pay attention to the quality of the wallet used and make sure you’re dealing with an excellent casino operator.
Coin volatility and risk: If you’ve not lived under a rock, you know that cryptocurrencies are volatile. Their rates rise and fall in a matter of minutes, so there’s always a risk if you treat them like fiat currencies. Pay attention that the casino only uses the coin itself (without exchanging it into a fiat currency) to avoid any exchange rate volatilities. In any case, you should be careful not to lose money while withdrawing and exchanging your winnings due to a coin price drop.
Above-average skill needed: Many casual players prefer to stick to the known payment methods even if they’re slower and require more fees. The reason for this is that many people don’t know much about crypto and avoid learning more. Combine that with the uncertainty the casinos give them, and you’ll make trouble for a risk-averse person.
Most Popular Cryptocurrencies Across Online Casinos
Most people not acquainted with cryptocurrencies well enough think that there’s only Bitcoin in the digital money industry. However, hundreds of altcoins (alternative cryptocurrencies) are active and widely used by traders, gamblers, and the general public. Let’s explore the top coins available in crypto gambling.
Bitcoin is the most popular cryptocurrency in the world. While it’s not the fastest in terms of transactions, it’s one of the safest. As it’s the most widespread, almost all the game types are available for playing. However, slots are the most popular. You’ll find everything from classics to adventures and from branded ones to jackpots.
Specific Bitcoin bonuses are also available. Welcome offers and free spins make the majority of the pool, but no-wagering and reload rewards also make a list.
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Another deposit and withdrawal option for crypto gamblers is Ethereum. Although it’s less secure than Bitcoin, it has two advantages. First of all, it has smaller fees, and second, the transactions go through faster.
With more frequent processing, Litecoin Network has much quicker transactions than the coveted Bitcoin. While the underlying technology is similar, the spinoff currency has been taking different paths ever since LTC inception.
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Not to be confused with BTC, this currency was developed on its codebase to improve its shortcomings. It managed to speed up the transaction times and create more user-friendly processing. With lower fees and larger block sizes, it’s much more convenient for a large number of simultaneous transactions. This is the reason it’s found its space in the hearts of online casino players.
Online casinos incentivise their customers with shiny bonuses. Crypto casinos use similar tactics to gain and keep players on their platforms. Below, we talk about the bonus types you might encounter.
Please note that casinos have general bonus guidelines. Still, each specific offer might have a separate terms and conditions (T&C) document. Even if you’re sure about all the offer terms, we recommend that you read the fine print before opting in.
These are the primary banner ads on the casino’s front page, created to entice new players. These offers make it easier for the players to chip in and give the platform a try. They are usually “match bonuses” that add a percentage of the deposit to what you already have. Sometimes, these also contain free spins on select games. No-deposit welcome offers are less frequent.
Welcome bonuses might be simple or multi-step, depending on the casino and the offer amount. They also come attached to wagering requirements and bonus validity terms. Thus, you always need to check out the T&C.
Sometimes players have a misconception that this bonus type is the same as the welcome bonus. However, deposit bonuses also refer to the short and long-term offers for already registered players. In crypto casinos, the deposit is paid with the corresponding coin and wallet of your choice.
Although rare, this bonus type can be a delight for players that don’t want to commit financially just yet. No-deposit bonuses are usually smaller and offer much higher wagering requirements than the ones mentioned above.
If the casino has this bonus type as the first offer for new players, it’s definitely worth giving a try. Some casinos add no-deposit promotions for existing players as well.
Not to be confused with in-slot free spins, this bonus type offers free spins on a select list of games as a part of the bonus. These are usually attached to a deposit or no-deposit reward. On simple, one-step bundles, you get many free spins at once, but if the initial offer is multi-step and brings in 100 or 200 free spins, they get awarded daily throughout the validity of the bundle.
These are a way to reward loyal players for depositing at a casino. The terms usually set a period and add a percentage of all the money you put on your account you made during that time to your bankroll. This allows players to play longer.
Above, we talked about wagering requirements. Most bonuses have these attached unless otherwise specified. They usually range from 1x to 60x of the deposit amount or the bonus itself. This means that you should play through the multiple to be able to withdraw the winnings.
No-wagering bonuses are highly convenient for those who need the winnings immediately.
Depositing With Cryptocurrency
Depositing with crypto at an online casino is much like depositing with a fiat currency. If you already have a crypto wallet, it’s just a couple of steps to complete.
If you don’t yet have a crypto wallet, continue reading our article, as we have a few excellent options. Once you select the best one for your needs, you’ll need to verify your address and ID to gain full access to the wallet. Attach your credit or debit card, and you’ll be able to purchase the coin needed.
Withdrawing With Cryptocurrency
As the process of depositing, it only takes a few simple steps to get your winnings from the casino through a crypto wallet. Before you start the process, however, check two things:
Is your casino account verified?
Have you met any wagering requirements (if applicable)?
If you meet both criteria, here’s what you need to do:
Proceed to the cashier section of your casino account
Choose the withdrawal method, such as your wallet name
Select the currency (if applicable)
Enter the amount you want to withdraw
Confirm the request
Please note that most casinos have a processing period, which may take up to 72 hours. However, once this time is over, the money will move to your crypto wallet almost immediately.
Crypto Exchange Rates in Online Casinos
We’ve talked about the volatility of cryptocurrencies above as a negative factor for gamblers. Casinos might not exchange your crypto into a dollar amount on your bankroll. Still, some games have been created for traditional online casinos and then adapted for crypto.
They take the latest exchange rates and convert the coin into the main currency of the game. This happens every 15 minutes, so you need to watch for the volatility, especially with more risky options like Bitcoin.
There are, however, crypto-specific games that don’t exchange the coin during the playthrough.
Most Popular Crypto Wallets
Securely storing and exchanging your crypto is one of the top priorities for anyone who wants to get into the game. While this is true about the general public, casino players are a segment at increased risk of scams and fraud. Thus, making sure that you use a good wallet is a must.
Online gambling is a legal grey area in many countries; that’s why anonymity is critical for many players. It’s best to choose wallets where you have complete control over your funds. If there’s third-party censorship over your cryptocurrency, the wallet might block transactions from online casinos.
Various types of crypto wallets exist, including mobile, desktop, web, and hardware. Whichever you choose, make sure it’s convenient for your gambling style.
These wallets are better suited for gamblers who like using their smartphones. These wallets allow camera capabilities for scanning QR codes. It’s easy to copy and paste crypto addresses and use an authenticator.
With an excellent design and great functionality, Blockstream Green is a perfect choice for online gambling. It’s designed for beginners as well as for advanced users. The interface is pretty easy to make sense of, and it works on iOS and Android.
The only negative is that it only supports Bitcoin, so you’ll have to search for another wallet if you intend to use altcoins.
This is a fantastic wallet for those who intend to keep, trade, exchange and gamble with various altcoins. It supports multiple devices and allows seamless login with PIN and Face ID. It stores the assets on-device, which means that even if the app goes out of business, you’ll still have access to your coins via the private key.
With versions for Android and iPhones, this app covers a large part of the market. Although you can find many currencies in the app, it targets beginners in terms of usability and fast support.
These are downloadable programs that you need to install locally on your computer. They’re either software-only or support specific hardware storage.
This is one of the best desktop wallets with a hardware component attached. Ledger has been a long-standing producer of physical crypto storage with super-high security. The desktop application aims to ensure the safety of your assets too. It gets frequent updates to stay ahead of hackers, additional features and UI improvements.
If you’re not keen on using hardware wallets, Exodus is one of the best choices for desktop-only use. It offers friendly customer support, exchange features and a bunch of currencies. The only negative the wallet users mention are the high fees.
Web-based crypto wallets are easy to use, as you can access them both from mobile and desktop browsers. The best ones also have mobile applications.
Created in 2012, this is one of the long-lived digital currency wallets on the market. The crazy idea then was to ensure that any person from anywhere should be able to send and receive crypto safely and quickly.
With Coinbase, you can manage your whole portfolio of digital currencies, schedule buys and sells and place limits. With secure storage and insurance protection, it’s one of the best options for busy crypto enthusiasts. The wallet has more than 68 million users in 100+ countries. It also has a quarterly trading volume of $462 billion.
With an average of $2 billion daily volume and 1,4 million transactions per second, Binance is one of the biggest crypto wallets. Global money freedom and building infrastructure for the blockchain ecosystem is the company’s mission.
In addition to excellent resources on blockchain and cryptocurrency, Binance has created a secure space where you can buy, exchange and store your assets. You can access the wallet from the web as well as via a smartphone app.
Casino Games You Can Play With Crypto
Gambling with crypto isn’t too different from traditional online casinos in terms of game choices. Although the top developers don’t generally mess with crypto casinos or create cryptocurrency-specific titles, mid-tier brands are very keen on jumping on the ship.
The reason for this is that Bitcoin and other altcoins aren’t fully regulated in many countries. Plus, cryptocurrency casinos are more likely to operate without a licence. This situation makes the new type of games risky for the more trusted software developers’ brand image.
The most popular cryptocurrency games are based on luck, as the underlying blockchain technology is well suited for transparency and fairness. Below are the player-favourite game types:
Slots: Like usual slots, these offer various themes, settings, gameplay attributes and bonus rounds. The good thing with blockchain-based games is them being provably fair. This means that you don’t need third-party laboratories to check if the game is random or not. Due to an algorithm and the public ledger, you can monitor each spin for an arbitrary outcome.
Video poker: This is similar to ordinary video poker, except you bet using the cryptocurrency of your choice. Sure, you can switch to USD if preferred. The gist doesn’t change.
Blackjack: The game of 21 is a favourite no matter if it’s played with fiat money or crypto. With the added security and speedy transactions, digital money takes this fantastic game to a new level.
Roulette: If you’re hungry for testing Lady Luck, playing a few roulette spins should be your thing. Add the cryptocurrencies to the table, and you’ll have more fun with confidence and protection.
Craps: In traditional casinos, craps tables bustle with emotion and activity. This is also a wonderful pastime in online casinos, especially if you call friends over and make the session a live one. Betting with digital money will only add to the excitement.
Dice games: This is a variety of games that use random number generators (RNG) to create dice combinations. Introducing the blockchain into the underlying algorithm of the game makes them safer and more transparent. In the beginning, crypto-specific dice games were elementary, but they’re getting more sophisticated nowadays.
Live casino: In the wake of live dealer games, cryptocurrency is one of the hottest ways to bet because of the speed of digital money transactions. While the game is on, you can easily top up your balance and continue playing without interruption. Similarly, withdrawals are as easy as pie.
VR casino: When two cutting-edge technologies meet, there’s going to be an explosion. The futuristic experience of VR casinos, paired with the speed of cryptocurrency deposits and withdrawals, makes the process almost as “real” as you’d get in a land-based casino.
Games Made Exclusively for Crypto
We mentioned that in most cases, mid-to-small game developers are the ones that tend to make crypto-exclusive titles. However, some blockchain-based casinos create new games specifically for their platforms. This adds to an incentive of trying out new casinos then keep coming back for more.
In addition to casino games you can play with cryptocurrency, some games use non-fungible tokens (NFT). Here, you go about the game, earning tokens or assets that get saved on the blockchain ledger. Compared to video and online game assets, you actually own these, even if the game stops existing. You can collect, sell or exchange them in real life.
Regulations Around Crypto Gambling
Naturally, financial policy makers see cryptocurrencies as risky and volatile. There’s little to no way to determine if the coin will increase or decrease in value. Although it’s possible to predict a pattern, there’s no direct correlation of the increase or decrease in the real world most of the time.
The UK’s leading authority on all gambling-related issues is the UK Gambling Commission (UKGC). In recent years, this organisation seems to have opened to the thought of using cryptocurrencies in gambling. However, the casino has to meet specific criteria to be allowed to operate with those.
First of all, the casino needs to satisfy strict anti-money laundering policies. Another requirement is to ensure that they act in a socially responsible manner.
While all this still applies to fiat money payments, regulating digital money is more difficult due to its decentralised, peer-to-peer nature.
Most cryptocurrency casinos operate outside of the UK and don’t hold a proper licence from UKGC. Most platforms grab the Curaçao licence, as it’s the easiest to obtain if you’re using digital currencies.
Player protection is a massive issue if you choose to play at a casino in another jurisdiction or without a licence. You’re left to your own terms if something happens. The volatile nature of digital currencies makes using these platforms even riskier.
The online world of casinos has been forever changed when blockchain-based casinos entered the market. In this article, we haven’t gone too technical with the blockchain mechanics. Still, it’s essential to note that there are profound technical differences between casinos that accept cryptocurrency as a payment method and casinos based on blockchain technology.
Regulation Vs Decentralisation
The most obvious difference between regular and crypto online casinos is the decentralisation factor. Traditional online casinos rely on centralised licencing authority that checks the platform against strict laws like anti-money laundering, privacy and fair play. These authorities are usually located in jurisdictions with solid legislative backgrounds or are those grey enough not to prosecute gambling.
If you choose to play a traditional online casino, look out for a proper licence. Otherwise, you won’t be able to protect yourself if scammed or if something goes wrong.
In the case of blockchain-based casinos, the player has the freedom to play with no intermediary party while ensuring the fair play aspect in a second (just using a hash to check the game’s randomness).
Traditional online casinos have extensive terms and conditions, featuring rules about bonuses, deposits, withdrawals and, of course, disputes that may arise. Sometimes it’s challenging for players to make sense of it.
Most licenced casinos tend to be transparent and not hide any information. Additionally, they don’t include vague stipulations that might confuse the player. In the community, this is generally frowned upon. While reading and understanding the T&C might be daunting, it guards you against nuisances later.
In the case of cryptocurrency casinos, you need to be similarly aware of any terms and conditions enforced by the casino. However, there’s another layer of responsibility, which includes technological and general awareness in crypto. Choosing a safe wallet and using it with caution, exchange rates, and knowledge of the latest crypto developments are but a few aspects.
Affordability and Speedy Transactions
If you’ve been an online casino enthusiast for a few years, you’d know that traditional payment methods are too slow most of the time. Ewallets alleviated the situation with instant deposits and shorter withdrawal processing times than credit cards and bank transfers. They also offered more privacy, as you don’t have to share financial details.
Cryptocurrency made transactions even more accessible and faster. Your winnings get to you in a few minutes, and you share no private information.
Another point is that traditional payment options tend to have hefty fees. Not only do the banks and financial companies apply those, but the casinos administer processing fees on their side, too.
Cryptocurrency casinos have relatively affordable fees, as the transactions are decentralised and automatic. A few casinos even have their own wallets made especially for their players.
Both blockchain-based and traditional casinos have vast libraries of various player-favourite games. Although famous titles might not find their way to the blockchain platforms unchanged, you’ll still be able to find excellent graphics and entertaining themes on crypto casinos.
Like traditional gambling sites, slots are on top of the popularity list here, then comes video poker and other table games like blackjack, baccarat and roulette. Logically enough, games of chance like dice and craps are on peak popularity, too, due to provably fair gambling.
As we can see in the list above, crypto casinos offer much of the same bonus types as traditional sites. Although the coverage and playthrough requirements might differ, both incentivise players using similar tactics.
The Difference Is in the Core
In the end, the technical differences between regular and cryptocurrency casinos boil down to the experience players get. If they have enough games to keep them engaged, affordable and fast transactions and they feel safe playing on the platform, choosing crypto is a matter of mere preference.
Future of Crypto Gambling
Online gambling is a regulated area in the UK. With the UKGC monitoring the wagering establishments, players are safe if they choose a licenced casino.
Unfortunately, cryptocurrencies add a layer of uncertainty over the gambling-related one. With no central regulation, crypto falls under the problematic category of policymaking.
Before 2020, the UK has been following EU crypto-regulatory logic. Experts mention that it’ll continue doing so for the short term. Currently, there’s no specific legislation underway that will change the approach for the better or worse anytime soon.
Still, the UK Crypto Asset Task Force is identifying coins that may be considered under the “financial promotions regulation” category. These are the relatively stable ones. This movement shows that sometime in the future, crypto will reach mainstream in gambling and retail.
Mobile Crypto Casinos
As cutting-edge technology is invading the online casino industry, mobile applications remain at a weird spot. First, Google Play on Android and App Store on iOS have specific regulations against casino applications. Although you can have a casino app, it shouldn’t be able to make money transactions. Thus, if casinos do create such applications, they are usually demo versions that don’t allow deposits and withdrawals on-device.
Of course, you can download some Android casino apps as .apk files and install them on your device while allowing the “third-party download” setting. However, you don’t really need to go through the lengthy process. The mobile browser experience works just fine on most devices.
You can still use the coin of your choice to deposit money. It’s also quite convenient to get your mobile crypto wallet information into the website, manipulating a couple of app windows.
How to Choose the Best Crypto Casino?
Like with traditional casinos, you need to be a bit picky about where the entertainment time ends up going. There are a few factors to follow during the big search.
Accepted cryptocurrency: If you own a particular coin, make sure that the casino of your choice has that currency. Blockchain-based casinos operate on different platforms, so not all casinos support altcoins.
Game library: If you’re a fan of a specific game, first search for it on the site before diving in. Choosing from thousands of games might become overwhelming, so you have some decisions to make. Especially as some cryptocurrency casinos offer not only traditional casino games but also betting and lottery.
Bonus hunt: Don’t leave the opportunity behind if you can get a bonus and play it through. Choose the best fit for your taste and budget, and start enjoying the game.
Restrictions: While cryptocurrency casinos aim to bring the game to people worldwide, there might still be location restrictions. Bonuses might be country-specific too. Ensure to check that the casino is legal in your area.
Customer service: This is one of the most critical aspects of an excellent casino. Most players that get into crypto don’t know much about it, let alone following online gambling best practices. That said, they’ll most probably need a friendly voice to help them through any questions.
Fair T&C: As we always say, reading the terms and conditions should be a top priority for all online gamblers. Once you know all there is about the casino, you can decide to sign up.
While land-based casinos don’t accept crypto yet, their online counterparts allow it. There’s no law forbidding the use of cryptocurrencies on online gambling platforms.
There’s another side to this story, though. You should pay attention that the casino has a licence from a well-known and safe online casino jurisdiction. The legality of your gameplay, the safety of transactions, customer service and fair play largely depends on the casino itself.
A no-deposit bonus is what the name implies. You don’t need to top up your balance in the casino to claim the reward. Like in traditional online casinos, you receive the win with the currency you chose during registration.
Due to the anonymous and protected nature of cryptocurrencies, paying for anything becomes safer. Additionally, if the casino supports blockchain, it’s probably fair. This means that each player can verify the fairness of their game every step of the way.
The process is similar to the account creation at a traditional online casino. You simply have to choose the correct currency and add your crypto wallet address in the financial section.
Depositing at online casinos is just a few simple steps. If you own a wallet, you’ll just need to input the name, select the currency and write the amount you wish to transfer. Your casino account will top up in no time.
It depends. If you’re searching for a specific game from a well-known game operator, you might not have much success in finding one. However, you can find plenty of fantastic games like slots, video poker, dice games and even live dealer tables.
Any luck-based game benefits from being built on a blockchain algorithm.
With the added risk of volatility in prices of crypto coins, the UKGC keeps a close eye on crypto casinos. They make sure that the players are protected. The casino should have appropriate anti-money laundering policies, reveal the investment sources and perform due diligence on third-party partners.
Whether we’re talking about blockchain casinos or simply those platforms that accept cryptocurrencies, the technology is here to stay. It has numerous advantages, including the most important one – peace of mind.