Crypto Casinos

Cryptocurrencies overview

Currently, there are over 4,000 cryptocurrencies around the world. Constantly growing supply responds to market needs – investors report demand for digital assets that can be an extremely profitable investment. Simply put, cryptocurrencies are digital assets that operate outside of the banking system. However, Jet is a general definition that does not answer most of the questions of people just starting their adventure with investing in crypto. So, let’s break down this topic into prime factors.

What are cryptocurrencies?

A cryptocurrency, or cryptographic currency, is a distributed digital accounting system that stores information confirming possession expressed in a specific unit. It can, therefore, be said to be something like a virtual currency. The owner stores the funds on a data carrier, a computer, a mobile device, or the so-called physical wallet.

Transactions are carried out electronically, and their characteristic feature is that each has only two sides – the sender and the recipient. The idea of ​​cryptocurrencies eliminates any middlemen, including banks, from this process.

Individual units of cryptocurrencies have a unique code that prevents them from being copied or re-spent. As we mentioned, there is no middleman in crypto transactions; what’s more – the fundamental assumptions of this market are also eliminated by superior supervisory units. Unlike the fiat currency we use every day, in this case, no regulator could decide to “overprint” (increase the supply) of a given cryptocurrency. It can, therefore, be said that we are talking about a medium of payment that is extremely resistant to inflation. The creator of a given unit sets the upper supply threshold. This is done when the system is created. Later, the value of a given cryptocurrency is in the hands of the market – its value is largely determined by market popularity, but not only. The creators often introduce the so-called extraction difficulty parameter that adjusts to demand. This means that the increased interest in the currency translates into increased difficulties. Thanks to this, digital assets are protected against too fast excavation, as this could lead to a decrease in their value.

Transactions are carried out in a peer-to-peer system, which assumes the equality of each market participant. Everyone has identical rights, no one can make superior decisions and no one derives income from the superior title of cryptocurrency trading. Transactions are not subject to supervision, so in p2p trading, there is no entity responsible for informing the tax authorities about the transfer and receipt of digital assets (which does not mean that the proceeds from the sale of cryptocurrencies are not taxable, this will be discussed later in the article). In practice, this means that the entire system is decentralized, free from the sovereignty and supervision of governments, banks, and financial and fiscal regulators.

Cryptocurrency casinos

A few years ago, land-based casinos largely dominated the world of online gambling. This is not the case anymore. Online casinos have definitely taken over, and progress continues to evolve. Online casinos are a real revolution in the same way as cryptocurrencies. Until recently, this was not possible, but it is no longer the case.

More and more virtual casinos allow their players to transact money using cryptographic currencies like Bitcoin or Ethereum. Crypto casinos are enjoying phenomenal success worldwide. They are full of many advantages players are fond of: security, anonymity, speed, and many others. This article is entirely devoted to crypto casinos. Here, you will find everything there is to know about these popular online gaming sites.

What are crypto casinos, and how do you use them?

Cryptocurrency casinos allow cryptocurrency transactions.

Some people tend to confuse classic online casinos with crypto casinos. In the first case, operators accept several currencies, such as the euro, the dollar  and cryptocurrencies, to name but a few examples. On the other hand, in crypto casinos, it is only possible to make a deposit or a withdrawal using exclusively virtual currency.

For example, cryptocurrency is a decentralized digital currency operating on a large blockchain network. This currency has no digital or tangible form. It has become so popular that it is used in various sectors of activity, from finance to international trade, without forgetting online gambling. In this type of casino, making your deposits and withdrawals with various cryptocurrencies is possible. Several hundred of them are worldwide, and not all are accepted by casinos.

The vast majority of crypto casinos accept the following cryptocurrencies:

• Bitcoin
• Litecoin
• Ethereum
• Tether

Having your own crypto wallet allows you to use your virtual funds to make deposits, bet on any game, earn money, and withdraw your winnings. It is quite impressive how quickly financial transactions are processed in this casino.

How do crypto casinos work?

Recalling what was briefly said above is worth recalling to understand how crypto casinos work fully. There are 3 types of casinos of this kind:

• Online casinos that accept cryptocurrency deposits. At these establishments, players can fund their accounts using Bitcoin, Ethereum or any other cryptocurrency the operator accepts. Subsequently, the latter will convert the amounts deposited into fiat currency.
• Online casinos that allow cryptocurrency withdrawals. Here, users can deposit via e-wallet, bank card or wire transfer. If they win, the casino will transfer the winnings to them in a crypto wallet;
• Finally, online casinos allow players to open an account using cryptocurrency. In this type of establishment, deposits and withdrawals are made using cryptocurrency.

As you will have understood, the operation of these casinos is quite simple.

How to play in an online Casino for real money using cryptocurrency?

1. Choose the best crypto casino
   Choose the best crypto casino site from the list that suits you by comparing their current bonus offer.
2. Log in to the crypto casino
   Create an account with the crypto casino of your choice as this is the only way to play there for real money.
3. Deposit with cryptocurrency
   Once your account at the best crypto casino is active, you can make your first deposit and start playing with real money.
4. Receive a crypto bonus
   Most bonuses are quite easy to verify as you only need to enter the code to start using.
5. Play and win
   A typical crypto casino will have many games ranging from table game options to bingo, slots and special offers.

Cryptocurrency features

Let’s discuss the advantages. Crypto casinos are enjoying increasing popularity worldwide. Given this trend, we can safely say that crypto casinos will soon be more frequently chosen than traditional online casinos. Why?

In a world where others share every detail of their lives, we want to remain invisible. Anonymity is an advantage of crypto casinos that attracts more players. Crypto casinos are available no matter what country you live in and what gambling law is in force. The state has no basis whatsoever to control you in this respect. Playing in crypto casinos is anonymous and safe.

We didn’t know what we were doing at the beginning of our gambling adventure. We were worried about the security of our data, reluctant to provide our credit card numbers, and did not like sending a scan of an ID document. We didn’t want a stranger to access this data and feared legal issues.

After years of trial and error we discovered that the crypto casino market was the missing element.

What should you know before using crypto to play at casinos?

We first advise anyone looking to start playing at Crypto casinos to consider how well they know cryptocurrencies and how convenient they are to trade with Crypto.

Therefore, the first step would be to open a cryptocurrency wallet where you can store your bitcoins or other alternative coins and make an exchange. Most of the time, crypto players use a hosted or exchange wallet. You can download this software or application to your desktop or mobile device. In other words, the crypto wallet is an intermediary in buying and exchanging cryptocurrencies and carrying out other transactions, such as depositing money at a cryptocurrency casino or withdrawing winnings. You must connect your debit/credit card to the wallet or transfer funds from your bank account to the crypto wallet. Then, you can buy bitcoins or other cryptocurrencies (e.g., read about them in the cryptocurrency work on our website). Now, you can proceed to deposit at the crypto-casino of your choice.

Now that you’ve taken this step, it’s time to look for a quality Crypto casino. Go to the casino’s payments tab and check which cryptocurrencies are accepted. Most casinos accept Bitcoin and other cryptos like Litecoin, Ethereum, Tether, etc. As with any other payment method, choose a cryptocurrency such as Bitcoin. The casino will give you its Bitcoin wallet code to enter your wallet and complete the deposit. When it comes time to withdraw, request a withdrawal and usually, the amount will appear in your cryptocurrency wallet within minutes.

As you know, the value of cryptocurrencies fluctuates. So, think carefully before choosing the currency you want to use when playing at the casino. Also, look at the minimum/maximum payouts and minimum deposits.

How to store cryptocurrencies?

You chose the stock exchange, and you registered. Ba! You even bought your first crypto! Well, what now? Now you need to choose a wallet. You will meet two types: Cold (Hardware) and Hot.

• Hot / Software Wallet
  It can be compared to a warehouse where you store your raw materials. In this case, you store them on your computer or mobile device. The great advantage is the ease of use and quick access. However, there is a drawback – security. In the case of Hot Wallet, we do not recommend keeping large amounts.
• Cold / Hardware Wallet
  To use this type of wallet, connect to your PC, phone, or other device. However, like everything in this world, a Hardware Wallet has its pros and cons. Safety is an undeniable advantage. Unfortunately, the disadvantage is the cost. If you are a beginner in this topic, the amount involved in using Cold Wallet can be a barrier.

The most popular cryptocurrencies in online casinos

We have learned what cryptocurrencies are, and how to use them safely. So it is natural that at this point, anyone interested would like to find out what cryptocurrencies to use so as not to lose money. There is no simple or unequivocal answer to this question. This is because the cryptocurrency market fluctuates significantly. It is the casino player who assesses the potential of a given unit, based on his own assumptions and/or experts’ opinions. The market has proven more than once that it has huge investment potential, but in this world, nothing is for free. In addition to financial resources, a crypto casino player’s contribution is the time it takes to learn about the asset. The thing is, there are currently over 4,000 cryptocurrencies listed on exchanges. Relax, you don’t need to be familiar with each. Below we present a list of the five most popular cryptocurrencies.

• Bitcoin – was created in 2009 by a person (or a group of people) with the nickname Satoshi Nakamoto. Under this name, there is an innovative payment network developed in peer-to-peer technology that assumes the equality of each network participant. The source code is open and public, making the project completely transparent. The fixed supply of coins is 21 million BTC. You can read more about Bitcoin here.
• Ethereum – a cryptocurrency with Russian roots, created in 2013 by the programmer Vitalik Buterin. The platform operates based on blockchain technology, which in this case is used to conclude smart contracts and to create applications. The process is carried out in peer-to-peer technology. In principle, Ether (ETH) was to be the means of payment, but after the network split (in 2016), a second currency also developed – Ethereum Classic (ETC).
• Ripple – the currency was established in 2012 as a system supporting the quick transfer of funds in international trade. It is the link between banks, corporations and exchanges in financial transactions. The XRP token is not mineable.
• Tether – This is a crypto-version of the US dollar. Initially, Tethers were issued on the Bitcoin blockchain (using the Omni Layer protocol). The value of one Tether (USDT) is equal to the value of one US dollar. The number of coins is not limited – this value is only limited by the number of funds credited to your Tether Limited account.
• Bitcoin Cash – was created in 2017 due to the Bitcoin hard force. The cryptocurrency is decentralized and based on blockchain technology. In practice, Bitcoin Cash represents the same idea as the original Bitcoin – it is a form of electronic cash. The creation of the currency results from a split in the BTC team – some developers decided that it was necessary to increase a single block and speed up the network. The maximum amount of coins is 21 million BCH.

What is a Casino Coin?

Casino Coin (CSC) is a digital currency specifically designed for the regulated gambling industry. Its goal is to provide users and gaming regulators/operators with improved transaction speeds, security, financial transparency, and traceability. CasinoCoin has built-in KYC and AML capabilities and is based on regulatory compliance and consumer protection ethos.

CasinoCoin enables regulated gaming operators to access an untapped source of players who are already KYC verified to turn this into additional revenue with improved transparency and security.

The CasinoCoin blockchain offers tokens, which are digital assets built on the same blockchain. Custom tokens allow gambling operators and providers to maintain their token economy while reaping the benefits of CasinoCoin. The creators of the tokens can determine the total supply, value and distribution method.

How to buy a cryptocurrency?

It is possible to buy cryptocurrencies on exchange websites or broker exchanges. Stock market websites are mostly suitable for beginners. Personal data is requested during registration. With this system, you can use your credit card or a bank transfer to fund your wallet. It is also possible to buy electronic wallets.

Broker exchanges are similar to bureaux de change. Players can convert their local currency into digital currency by credit card or bank transfer.

Where to buy cryptocurrency?

You already know a bit about cryptocurrencies, but the question remains: How do you buy crypto?

There are several possibilities, but we want to offer you exchanges. Why? Because exchanges are convenient and have low transaction costs. In a word, a lot of advantages. The only fee associated with buying crypto on the exchange is the transaction fee,

First, find the platform you want to use. We recommend the proven and reliable Binance and Coinbase. In the case of these two, we are 100% sure that the service is at the highest level and we do not have to worry about security. Registration is quick, easy and fun; nobody requires you to confirm your identity. After that, you have the last step, the transfer of funds. And what’s next? The next thing to do is to start your adventure in the world of cryptocurrencies!

Crypto pros and cons

There are pros and cons to using crypto casinos. We do not want to give your eyes a blindfold. When it comes to your money, honesty is what counts. What does the game at crypto casinos look like?

Crypto deposits and withdrawals

Before visiting a cryptocurrency casino, you must store some cryptocurrency in an electronic wallet. Below is a list of the steps you need to follow to make a deposit.

Deposits in crypto casinos

1. Log in to the cryptocurrency casino and go to the “Payments” tab.
2. Choose your preferred cryptocurrency.
3. Choose a cryptocurrency wallet.

Select the amount you want to deposit (check that the casino does not have a minimum cryptocurrency deposit).
The matter is even simpler in the case of a payout of winnings.

Withdrawals from crypto casinos

1. Visit the Payments / Withdrawals tab and select your payment method.
2. Enter the amount you want to withdraw.
3. Confirm the withdrawal request.

More crypto casinos to choose

Cryptocurrencies have become an attractive and unique alternative to online casino transactions. Thanks to their speed, security, and anonymity, cryptocurrencies are an attractive option for anyone interested in cryptocurrency casinos.

Mobile crypto casinos

Crypto casinos have developed mobile gambling applications to improve the quality of the game and the overall aesthetics of their sites. Users can download these apps from Google Play, the Apple Store, or the casino provider’s website.

Top legal and trusted crypto casinos

If you are looking for the best Crypto casinos, check out any trusted online casinos on our list below. They are most popular among real players of gambling sites that accept Crypto.

New crypto casinos

Keep your eyes peeled for these newly released crypto-accepting online casinos! They have been released in the last few years and offer some great games worth checking out.

Crypto casinos security

Remember that your every activity on the Internet should go hand in hand with security. This rule is that you should put yourself first if you haven’t done so before. Fortunately, Bitcoin is one of the safest cryptocurrencies, and operating it in proven and recommended casinos doesn’t involve any additional risk. Why is it like that? Bitcoin is so popular precisely because of the security it provides to its users. Obtaining access to funds in a cryptographic wallet requires entering login details and passing through two-step verification. This is just one factor that makes hacking difficult.

• Check the credibility of the casino
  Do you want to choose a good and trustworthy Bitcoin casino? Do solid research. With sites like TrustPilot, you’ll find out how the casino has done in the past and what the situation is today. Thanks to this information, you cannot forecast the casino’s development, but you know how it treats its players and whether it is worth investing your funds there. You can check their reputation and license with the lists of websites compiled by our reviewers.
• The more difficult, the better
  Of course, we’re talking about a password. Always choose a strong password. This is especially important in the case of treasury trading. Your Bitcoin casino password should be secure and unique. Many sites will not give you a choice; you must meet this explosive mixture’s requirements – everything to keep your funds safe. If you are a player at many Bitcoin casinos, create a password for each one, following the abovementioned rules.
• Watch out for scammers
  Unfortunately, phishing scams have emerged with the development of the internet. What is Phishing? It is a fraud method in which the criminal impersonates a person or institution to obtain information. Why should you be careful about this? Imagine a situation where your data, such as pesel, online banking passwords or other sensitive data end up in the hands of a person with no honest intentions. Sounds dangerous? It should. How to deal with this? Remember that no institution will ever ask you for login details, be it by e-mail or telephone. If you receive a similar message, don’t try to click on the provided link. Even if the message looks like it was sent by the crypto casino in which you are the player, delete it. If in doubt, contact support at the Bitcoin casino website. Doing so may protect others from potential dangers. Remember! It’s better to be safe than sorry.
• Trusted exchange
  Many exchanges on the market are more or less worthy of your attention. Choose a trusted cryptocurrency exchange such as Binance, Kraken, or Coinbase.
• Safe storage
  If you constantly use your resources, web wallets or applications are your best bet. On the other hand, hard wallets are less convenient but more secure. To solve this dilemma, keep the funds circulating in your mobile or browser wallet, e.g., Metamask, and the rest of your resources in your physical wallet.

Stay safe when paying at crypto casinos

There is no room for error here, regardless of whether you use a credit card, e-wallet, or cryptocurrency. You have to be one hundred percent careful, or you may lose out. But no more scaring. With us, you will learn all the precautions to take when paying at an online casino. How to choose a Bitcoin casino? When are you sure you’re transferring your crypto to the right place?

• Always make sure the crypto casino has a valid license. Our reliable team has already checked the casinos you will find on our website. However, spending five minutes checking such an important thing won’t hurt.
• Another thing you should pay attention to is the speed of the transaction. It may not seem like something important, but it does testify to the quality of the crypto casino. You don’t want to wait forever for your funds, do you?
• The variety of games and games from top producers guarantees high-level entertainment. The more choice, the better. In addition, the best providers do not offer their services to unreliable casinos.
• Customer service should not be of a high standard; it must be. When dealing with problems, who are you referring to? To support. Payment obstacles, for example, are stressful and unnerving enough to keep you from worrying about still dubious customer service.
• Who else, as other players, would rate the online casino better? Reviews from gambling community members are honest and there is no marketing blinding. That’s why it’s worth taking a look at the reviews.

Software providers in crypto casinos

Leading providers power crypto casinos, those with a very high international reputation. They create hundreds of high-end games, which is a big part of the success of virtual casinos. As mentioned above, crypto casinos work like classic virtual casinos, so they have the same providers, of which they are the best known.

Realtime Gaming

Realtime Gaming is more commonly known as RTG. He has been present in the world of iGaming for two decades. Over the years, it has built up a strong track record of delivering games with almost non-existent loading times, beautiful animations, and ingenious graphics.

Microgaming

Microgaming is a provider that needs no introduction. It is one of the pioneers of gambling offered in online casinos. This publisher has built its reputation on its many innovative solutions and the exceptional quality of its slot machines.

Playtech

Playtech has invested in research and development and has been very successful. This publisher’s casino games are at the cutting edge of technology, and thanks to this, they meet the vast majority of gamer needs in terms of animation, design, and functionality.

Betsoft

Betsoft is a publisher with a well-established reputation and know-how. He distinguished himself with the first 3D slots and games based on virtual reality. The themes used are topical, and no detail is left to chance.

Online slots in crypto casinos

If you prefer to play with your mobile, you don’t have to limit yourself in the casinos with Crypto. Choose your favorite slot game in the top Crypto casino and play!

Crypto casino bonuses

Casinos use bonuses to attract players and encourage them to connect and register on their sites. Bonuses are rewards that enhance the player experience. Crypto casinos are full of bonuses, each as attractive as the next. Check them out below.

Welcome bonus in crypto casinos

The welcome or sign-up bonus is the first offer a player receives when joining a crypto casino. All serious casinos offer this offer, and it is up to the players to claim it. It is offered immediately after creating the account.

Generally, it comes as a percentage of the player’s first cryptocurrency deposit. It is often capped at a value the operator indicates, above which the bonus is no longer valid. An example: a welcome bonus of 100% up to 3 BTC.

Free spins in crypto casinos

Free spins, also called free spins, are players’ second most requested bonus. The latter benefits from a certain number of spins (free) defined in advance by the casino. Also, these spins are only valid on specific slots, which the operator specifies. Remember that money won via this method can only be redeemed after fulfilling the wagering requirements.

You can get them by registering at a crypto casino, depositing a specific cryptocurrency, participating in a special promotion, or joining the casino’s VIP program.

VIP program in crypto casinos

Crypto casinos, like all the others, reward players who make high bets. This also concerns the most regular players. In short, the more an enthusiast plays, the closer he will get to the VIP program.

According to the operators, several methods exist for joining this VIP program: automatic integration after reaching a specific number of loyalty points or receiving an invitation. VIP status entitles you to several advantages: free spins, additional bonuses, personalized customer advisor, cash back, invitations to participate in tournaments or live events, or various gifts in kind.

Crypto fees and limits

A small amount is charged for the service when you deposit or withdraw. You have nothing to worry about, fees for blockchain transactions are much lower than with traditional payment methods. This means you will keep more money won than at a standard online casino. More money equals more game satisfaction.

Cryptocurrency alternatives

The main objective of online casinos is to satisfy their customers. This involves making available a large number of payment methods to satisfy all types of players. You can use several popular methods besides cryptocurrencies (Bitcoin, Ethereum, Litecoin, and many others). These payment methods are known for being secure, easy to use, and quite fast.

Most casinos offer credit/debit cards, e-wallets and prepaid tickets. They work in online casinos for both deposits and withdrawals.

Visa

The Visa card is one of, if not the most famous, credit cards in the world. Due to its simplicity and practicality, it is used by almost all online gaming platforms. It is available for both deposits and withdrawals.

All online casinos offering Visa credit/debit cards to their players offer fast and secure payments without needing a third-party service. Visa is the best alternative to cryptocurrencies in online casinos, hence its first place in this ranking.

PayPal

Paypal is an online payment method regularly used to make online payments. Paypal is the best-known e-wallet on the web. It has hundreds of millions of users worldwide and works in several countries. It is also popular thanks to certain specificities of its own.

One of PayPal’s most popular aspects is that players’ financial and personal details are never disclosed. They only need a bank account and an email address. PayPal is accessible in virtual casinos on computers and smartphones.

Paysafecard

Paysafecard or Paysafe is a popular prepaid ticket on the Web in general and in virtual casinos. Its use does not imply the intervention of any intermediary, and you won’t need to disclose your card number. It is convenient and fast, hence its presence as a payment method in online casinos.

To use it, you just have to pay a prepaid ticket (physically or online). Once on the casino website, you must enter the code on the ticket. After entering the transaction amount, all you have to do is confirm the transaction.

Tips for choosing the best crypto casino site

We will discuss here the most important factors that determine whether a selected casino can be considered worth attention:

1. Casino license
   Typically, these casinos, such as Antillephone or Curacao eGaming, have a Curacao license. As the regulation of crypto casinos is still unclear, it is unsurprising that many of them are unlicensed. Most crypto casinos do not even have national restrictions as the licensing commissions have not developed any rules or legal framework for cryptocurrency gambling sites. In this case, we seek other evidence of quality and safety, such as fair games.
2. Proven fair games
   The games we consider fair are based on an algorithm that uses a blockchain to make casino games such as slots and table games as random as possible. What’s the difference to the RNG (Random Number Generator) used in typical online casinos? The difference is that a player can manually check the game’s fairness. Blockchain and decentralized crypto casinos provide players with an encrypted key generated by an algorithm. Players can use this key and another key provided by the casino to check the transparency of bets and win-lose odds. It is an innovative, simple way to increase the casino’s reliability.
3. Bonuses
   The bonuses and promotions are, without a doubt, the highlight of any casino. Crypto casinos offer generous welcome bonuses and promotions reaching up to 9 BTC. And that’s even without crazy or unattainable wagering requirements!
4. Speed ​​of payouts
   Instant payouts distinguish crypto casinos from online casinos with classic currencies like dollars or euros. After submitting your withdrawal request, cryptocurrency casinos process it within minutes. Shortly after that, the amount will appear in your crypto wallet. You no longer have to wait days to see your winnings on your account!
5. Customer service
   One of the most important features of a good Crypto gambling site is a friendly and approachable customer support team. Customer service should provide timely and accurate information and answers to pressing questions. A selection of communication channels, such as 24/7 live chat, email, contact form, FAQ section, social media, and forums, is also a sign that Crypto Casino is betting on the best user experience.

Final thoughts on crypto casinos

The new blockchain and ledger technology will completely transform the online casino as we know it and make it more user-friendly. Since every transaction is tracked via a crypto wallet, a normal KYC (Know Your Customer) is no longer necessary.

Another amazing benefit of blockchain technology is the ability to analyze online casino user data and more easily identify those with a potential gambling problem. Responsible gaming is a top priority in many online casinos, and thanks to blockchain technology, many users can protect themselves from themselves before it’s too late.

Whether this technology will find its way into online casinos and the iGaming industry remains to be seen. But one thing is for sure: when that day comes, it can make a big difference for those suffering from a gambling addiction or gambling problem.