How Do Crypto Casinos Work?
Cryptocurrency casino rules are the same as any other online casino type you have to register your details to start playing. Most will also offer some sort of a welcome deposit bonus for its new players. The selection of games depends on each casino, as will the promotions and various offers.
Popular Cryptocurrencies in the Online Casino World
Although there are many cryptocurrencies out there, online casinos primarily use the following six:
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Dogecoin (DOGE)
- Litecoin (LTC)
- Ethereum (ETH)
- Dash (DASH)
It’s important to note the difference between Bitcoin and Bitcoin Cash — the evolution of Bitcoin allowed it to grow from a peer-to-peer cryptocurrency to an investment vehicle. Many crypto players prefer to stick to Bitcoin Cash as it offers faster transactions with minimal scalability issues.
As Bitcoin and Bitcoin Cash are such popular choices, many casinos refer to themselves as a Bitcoin casino — they only offer this type of payment.
Always make sure you check with your chosen casino which cryptocurrencies are accepted.
How Do You Deposit at a Crypto Casino?
To make a deposit, you’ll first have to follow these simple steps.
Make sure you have enough cryptocurrencies (Bitcoin Cash, Ethereum, Bitcoin etc) available in the crypto wallet app of your choice. The next step is to register at your chosen crypto casino and enter the crypto currency address in your wallet. This will make your payments easier to manage. Then, make your first deposit and choose the game you want to play.
And voila, you’ve just made your first deposit at a crypto casino!
Always make sure you pay attention to wagering requirements as well as the minimum withdrawal when you deal with crypto deposits. Much like regular online casinos, crypto casinos also offer a wide selection of popular games and plenty of exclusive bonuses that come with various T&Cs players should adhere to.
Our Favourite Crypto Casinos
15 Free Spins
New players only. Wagering occurs from real balance first. 50x wagering the bonus or any winnings generated from free spins, contribution may vary per game. Available on selected games only. The wagering requirement is calculated on bonus bets only. Bonus is valid for 30 Days/ free spins valid for 7 days from issue. Max conversion: 3 times the bonus amount or from free spins: $/£/€ 20. Excluded Skrill deposits. Full Terms Apply.
New players only. Wagering occurs from real balance first. 50x wagering the bonus or any winnings generated from free spins, contribution may vary per game. Available on selected games only. The wagering requirement is calculated on bonus bets only. Bonus is valid for 30 Days/ free spins valid for 7 days from issue. Max conversion: 3 times the bonus amount or from free spins: $/£/€ 20. Excluded Skrill deposits. Full Terms Apply.
25 Bonus Spins
Full T&CS APPLY HERE
Full T&CS APPLY HERE
Advantages of Crypto Casinos
So, what are the true benefits of playing your online casino games with a crypto casino?
One of the biggest advantages they have over traditional casino payment methods is that anyone can deposit anywhere in the world, as long as they’re accepted by the standard rules of their chosen casino. Using cryptocurrency as your payment method also frees you from any charges and taxes.
Crypto casinos also pride themselves on instant transfers; however, this largely depends on each individual casino. It can sometimes take up to 48 hours for the money to appear in your bank account. On the other hand, deposits, much like in the traditional online casinos, are made instantly.
Anonymous betting remains one of the biggest advantages of cryptocurrencies, as the transactions you make don’t show up on your statements. All you’ll see is the amount sent; however, it will not reveal any personal information. Additionally, crypto payments are free from any transaction and withdrawal fees you normally see at betting sites.
Are Crypto Casinos the Future?
The benefits of cryptocurrencies being used in online casinos are pretty promising. But does that meant that the traditional payment methods would slowly disappear?
It’s impossible to know what the future holds. Still, with the rise of new inventions adapted by online casinos, we can expect cryptocurrencies to remain a popular choice among the loyal players.
It is expected that many online casinos will consider cryptocurrencies as a different payment method, which will leave crypto casinos with an opportunity to look at innovative ways to keep the players interested.
Blockchain technology is changing the world of the online gambling industry will likely continue to follow the innovative leader to finally welcome loyal players from around the world without any limitations. We can expect innovative ways to play a wide variety of card games, video poker, various poker games, crypto games, and more.
Bitcoin casino sites will continue to grow, offering generous bonuses and various bonus offers, along with instant withdrawals to ensure they stay on top of regular casinos and offer you the best casino experience possible. Of course, this means regular gambling sites will have to keep up with the latest technology — on top of offering a variety of slot games, they will have to look at how they can make the deposit method and payments and withdrawals easier for their customer.