What is a Crypto Casino?
Crypto casinos (also commonly referred to as bitcoin casinos and bitcoin gambling sites) are just like regular casinos - they provide players with a wide selection of popular casino crypto games, allowing them to win while having fun. The major difference is in the payment methods that crypto casinos offer: Instead of PayPal or debit cards, you're encouraged to deposit with cryptocurrencies, such as Bitcoin, Ethereum or Dogecoin.
Over the last several years, more and more players have adjusted to using crypto not only for gambling but for all sorts of online purchases. Crypto's value fluctuates often but very rarely drops drastically. Usually, crypto deposits will rise in value over time, meaning that you can potentially earn more money than you would at traditional online casinos. Crypto transactions are also completely anonymous, meaning that while the casino knows you're gambling, your bank does not. You'll avoid any restrictions imposed by them (such as a lower credit score).
The Most Common Casino Cryptocurrencies
While bitcoin gambling is certainly the most popular when it comes to crypto casinos, it's certainly not the only way to do it. There are dozens upon dozens of cryptos out there, as technically, anyone can make one and release it to the public to be mined - though, of course, not all will find popularity. Some, such as Bitcoin Cash, offer an alternative solution, others, like Ethereum or Ripple, prefer to do their own thing, and others still, like Dogecoin, only gained popularity thanks to online meme culture.
Bitcoin casino sites are by far the most popular form of crypto gambling - and the simple reason is that bitcoin is simply the most popular crypto. While not the first crypto to exist, it was the first to become accepted as a substitute for regular cash, resulting in its wide adoption and skyrocketing value over the span of only a few years. Today, practically all crypto casinos accept bitcoin.
Ethereum is the second most popular crypto in the world. It's not difficult to see why - while Bitcoin, warts and all, will always be at the top due to being the one to popularize cryptos, Ethereum's technology is far more robust, allowing for additional features to be built into or on top of it. It's far more than a simple currency - it's also a tool that uses crypto-level blockchain security to build impregnable apps and private document deposits.
Practically speaking, Ripple operates very similarly to Bitcoin, but on a technical level, "under the hood", the two could not be any more different. Unlike Bitcoin, Ripple is more of a peer-to-peer payment transfer tool that also happens to have its own currency rather than a dedicated "coin" that needs other wallets and services to be kept in. Due to that, its transactions are extremely fast, and any XRP tokens can be instantly converted into other currencies.
Crypto isn't the only part of Internet culture to have received widespread adoption - Internet memes have seen a similar meteoric rise and mainstream acceptance. It's nearly impossible to browse social media without coming across daily memes intended to make people laugh. Dogecoin itself started off as one such meme, which spiralled into a lot of people buying it for the joke... Which, in turn, increased its value, making it a legitimate currency. Talk about humble beginnings.
Litecoin is the "silver" to Bitcoin's "gold". It functions similarly but is significantly cheaper, with one Litecoin hovering at around 130 quid as of the time of writing. This means that, instead of buying 0.0037 Bitcoin, you can purchase 1 Litecoin, which is much easier and more intuitive to keep track of. In addition, Litecoin transactions are much faster, which has earned them a very favourable reputation among both gamblers and crypto enthusiasts.
Tron is rather similar to Ethereum in that it's not only a cryptocurrency but an entire network protected by peer-to-peer encryption and top-tier security, allowing developers to build their apps and programs that can be protected by practically unbreakable security. If Litecoin was Bitcoin's little brother, then Tron is the same as Ethereum, so a lot of people who would rather not invest too much into crypto tend to use it for deposits.
Eos takes the ideas introduced by Ethereum and Tron and brings them to their logical extreme focusing almost exclusively on the app development aspect to the point where it is impossible to mine the Eos cryptocurrency. All 1 billion tokens are already in circulation and are used as a payment system between the various apps developed in or supporting Eos, meaning that volatility and price fluctuations are more or less controlled.
Bitcoin may have been the first crypto to gain global popularity, but it was hardly perfect. Bitcoin's slow transactions, for example, were a huge point of contention that most cryptos developed after Bitcoin attempted to solve. Bitcoin Cash was created by crypto enthusiasts to process much bigger blocks of information at once and only to need a very small amount of data to do that, making Bitcoin Cash significantly faster than its counterparts.
The Top Crypto Casinos
Pros vs Cons of Crypto Deposits
- No transaction fees - Usually, there are no fees for making a deposit with crypto.
- Transparency - Spending or receiving crypto is transparent and with no hidden fees or pitfalls.
- Global availability - With no transaction restrictions, crypto casinos are widely available.
- Growing investment - Withdrawing crypto may increase your winnings due to its rising value.
- Provably Fair - Offers you a safe way to gamble online using cryptocurrencies, provably fair games have a higher RTP
- No recourse for scams - Transactions are peer-to-peer, so there's no way to get your money back.
- High volatility - Most cryptos experience frequent shifts in value that make them very unpredictable.
5 Things You Should Know About Crypto
At least on the surface, a crypto casino may sound just like a regular one, but accepting cryptocurrencies. And while that's technically true, it creates a butterfly effect that spreads throughout every aspect of the casino experience.
|1||Bitcoin.com Games||2000$||Bitcoin, Bitcoin Cash|
|2||Cyber.Bet Casino||300€||Bitcoin, Ethereum, Dogecoin, Litecoin, Ripple, Bitcoin Cash|
|3||LuckyDays||1000€||Bitcoin, Dogecoin, Litecoin, Ripple, Bitcoin Cash|
How to Choose the Best Crypto Casino
Choosing an online casino is tough work, but that goes double when picking one to play with crypto! There are so many variables, right? Well, you'd be surprised just how much in common picking a good Bitcoin casino has with simply picking out a good casino! Here are a few great tips about what to look into when making your crypto casino choice:
Crypto Casino Bonuses
What would an online Bitcoin casino be without a great first deposit bonus? Whether you're looking for some bonus funds, free spins or even a few Dogecoins on the house, the best bitcoin casino bonuses seldom disappoint! Here are some of the more popular bonuses you'll encounter at various Bitcoin gambling sites operating in the UK and beyond:
No Deposit Crypto Bonus
The most coveted among all deposit bonuses - and, unfortunately, also the rarest. A no deposit bonus means you're receiving some crypto for free, with no investment required from your side. Maybe it'll be a few coins to get you started or a handful of free spins whose winnings you can keep. If it sounds too good to be true, that's because it is for most online casinos that accept crypto and fiat currencies.
Match Deposit Bonus
The most popular welcome bonus in both regular and online bitcoin casinos, the match deposit bonus, will give you bonus funds equal to the value of your deposit. For example, if your first deposit was 500 Dogecoin, a 100% match welcome bonus will grant you an extra 500 as bonus funds.
The deposit bonus funds may be used just like your regular currency, except any winnings you gain from them will also convert into bonus funds. After a set number of conversions, your bonus funds will turn into real, freshly minted crypto, allowing you to withdraw or use them on more provably fair games.
Crypto Free Spins
Spinning slots are the favourite pastime of thousands of gamblers, and the free spins bonus lets you do it for free - what's there to complain about? The only difference in bitcoin casinos is that any winnings you gain from the free spins will be in crypto rather than another currency.
Like with the match deposit bonus, those winnings aren't just free money - they will be added to your bonus funds and must be wagered through a set amount of times before being withdrawn. With many free spins bonus offers, the free spins will only be available to play on a specified slot or normal slots.
Bonuses Exclusive to Crypto Players
Not all bitcoin casinos accept exclusively crypto - some deal with more traditional payment methods, such as debit cards and PayPal. However, the best bitcoin casino sites will often try to incentivize their players and give them a little push towards Bitcoin gambling.
That's where the crypto-exclusive BC.GAME bonus comes in! Usually, it comes in the form of a deposit bonus (at times restricted to only the welcome bonus), which the player may gain solely by depositing with crypto, thus making the process a bit sweeter.
|1||Bitcoin.com Games||2000$||Bitcoin, Bitcoin Cash|
|2||Cyber.Bet Casino||300€||Bitcoin, Ethereum, Dogecoin, Litecoin, Ripple, Bitcoin Cash|
|3||LuckyDays||1000€||Bitcoin, Dogecoin, Litecoin, Ripple, Bitcoin Cash|
Crypto vs Debit Card - Which is Better?
Some casinos will only accept debit cards and other traditional payment methods, while even the best Bitcoin casinos will usually only accept crypto. Therefore, a choice must be made... But what is the correct payment method to use? What should you choose when the result (playing some casino games) is the same regardless of the method?
Well, the fact of the matter is that there isn't just one correct answer - you need to decide the method which is right for you. If you're a more casual user that likes to play a few games of roulette at your favourite online casino every once in a while, it might be best to stick with a debit card for your convenience. However, if you're an avid gambler that actively seeks to maximize their profits (and/or is interested in exploring modern technologies and innovations), then pursuing crypto could be the opportunity you were waiting for!
What are Crypto Wallets?
Most cryptocurrencies (for example, Bitcoin) are authenticated using keys - long strings of numbers and letters that are used to authenticate whether you're the rightful owner of the money or not, which in turn can be used to make transactions and purchases. Unfortunately, keeping those keys just written down somewhere is akin to stuffing your cash in your pocket - it works, but don't be surprised if it ends up missing. There have been plenty of horror stories of would-be millionaires who bought 50 BTC over a decade ago and then forgot their keys!
A crypto wallet is a program that keeps your keys safe and in turn, uses them to initiate transactions safely and securely. In practice, the process works very similarly to how you can purchase items online with your credit card using your PayPal or Google Pay account so that you don't need to input it all the time. Just like PayPal keeps your card details safe, a crypto wallet will encrypt your key and ensure that only you have access to it - and the risk of losing it is minimal!
How to Open a Crypto Wallet
Crypto wallets can be a bit of a tough nut to crack if you're not already familiar with them, but believe it or not, they're quite easy to sign up for and set up. The hard part is picking out what wallet you wish to use - obviously, choosing a physical crypto wallet will be very different from using entirely online one. If that's the route you'd like to go (which is perfectly understandable), then it's best to refer to the manual simply. If you're using an online service, here are the steps you need to take to open it:
Crypto Casino Safety - Are They Provably Fair?
This is, unfortunately, a very complicated question when it comes to bitcoin casinos. First, to address the big question many of you have regarding bitcoin casinos - are they a scam? Do they steal people's money? Just like with regular online casinos, it's up to you to check and ensure that the casino has all its proper licenses and has good reviews online. Try to use your common sense and figure out if the casino is perhaps looking a bit shady, with a amateurish design and offering bonuses that are too good to be true.
The good news is that, unlike debit card casinos, if you deposit in a bitcoin casino, there's no chance at all of your entire account being drained due to the nature of crypto. If you have a wallet with 500 Dogecoin and you deposit 50 in a casino, there is no way for that casino to drain the rest, which they would if they were truly shady and had your debit card number. The bad news is that if you fall for a scam, you will have no way to get your money back, unlike a service such as PayPal, which will refund you should you pay a scammer by accident. It is our recommendation to start with smaller deposits until you're certain that the Bitcoin casino is provably fair.
Provably Fair Gaming
Players at both traditional online casino sites and Bitcoin casino sites always want to know that they are playing at a trustworthy casino. Bitcoin casinos have a tool known as 'provably fair', which is an algorithm that checks and verifies a Bitcoin casinos fairness towards its players. The provably fair algorithm can analyse and verify fairness in most casino games, such as table games, video poker and online slots. The biggest benefit of provably fair games is that no third party is required to verify the fairness of crypto casino games, meaning they can be added to the Bitcoin casino quickly.
Players should remember that just because a Bitcoin casino has provably fair games, does not automatically mean that the online casino is legitimate and trustworthy. A background check into the casino's licence and reputation is always advised.
Playing at Mobile Crypto Casinos
Statistics don't lie - most people prefer to play casino games on their phones rather than on desktops. This likely goes double for crypto enthusiasts, whose rigs are often hooked up to mine their crypto. Luckily, you can enjoy practically all crypto casinos on your phone, including all games, features, bonuses and promotions! Below we've outlined some of our favourite crypto casino apps that you can access right from your phone's Internet browser.
History of Crypto
Believe it or not, Bitcoin isn't the first cryptocurrency used on the market! Indeed, long before the age of playing slot games with online currency, way back in the ancient times of 1983, when most of us (the ones who were born, at least) were playing Super Mario Bros or listening to Bowie, a man by the name of David Chaum already conceptualized the first-ever crypto, which went by the name ecash. The system he described shares many similarities with the cryptos of today, including using electronic, randomly generated encryption keys to provide extra security and conceal the details of the transaction from banks and other institutions.
While ecash never materialized in a form that we regular people could mine, the idea itself was revolutionary, and now it was a matter of waiting for technology to catch up. Several attempts at crypto emerged throughout the 90s and early 2000s, such as b-money and bitgold, but neither managed to find much popularity. That was until an anonymous developer using the pseudonym Satoshi Nakamoto invented this little known crypto you may have heard of, a very obscure project by the name of Bitcoin. Bitcoin iterated on the ideas from Chaum and others, but with one major difference: it would be decentralized and dependent on a network spanning the globe rather than a single, central server.
Bitcoin quickly took off, as thousands of people worldwide began to mine it, many just for fun, others out of curiosity. But what made Bitcoin special compared to its predecessors was that it could be exchanged for real, tangible objects. In 2010, Laszlo Hanyecz famously spent 10,000 bitcoin on buying $41 worth of pizza (valued at over £360 million as of this writing). People today may scoff and think Hanyecz must be the biggest idiot in the world, but the fact is that his transaction, and others like it, opened the door to bitcoin rising in value and in turn, enticing other enterprises to create their cryptocurrencies.
Alternate Deposit Methods - Crypto Alternatives
For better or worse, Bitcoin is the newcomer in the world of online casino games, with many other payment methods already established and widely accepted. In fact, even crypto casinos often accept alternative deposit methods - even if the best bitcoin casinos will always give you a deposit bonus for using that method. If, for one reason or another, you'd rather deposit with an alternative, though, no worries - there's plenty to choose from!
Debit cards are by far the most common way to deposit in an online casino - in fact, chances are you've used them at least once to claim a first deposit bonus or manage your deposits and withdrawals. Depositing is as simple as inputting your card details into the respective form and allowing the casino to withdraw the necessary funds directly from your bank account. While not a flawless method, especially regarding security, debit cards remain one of the leading payment methods in the world of online casinos.
PayPal is, without a doubt, the single most popular e-wallet service available on the market, and also one of the first, being founded all the way back in 1998. It's a bit funny to think that while once people reacted to it the same way that they react to Bitcoin now (claiming it's not "real money" if it's not cash or in a bank), today, millions of people use this payment method for both online gambling and regular, everyday shopping!
Much like PayPal, Neteller is another e-wallet service that was started around the same time - but make no mistake, despite their obvious similarities, there are plenty of differences between the two. The most important one is that most online casinos don't accept PayPal, as the company has a policy against accepting payments for adult activities (like gambling) and only makes exceptions for the biggest brands. Neteller, meanwhile, is significantly more widespread, and on top of that, its deposit fees are slightly lower than PayPal's. In exchange, it's less secure and less common outside the online casino realm.
Skrill is, in many ways, very similar to Neteller - which makes perfect sense, as both are owned by the same company after Skrill was purchased by Neteller in 2015. While Neteller is undoubtedly the more popular and successful of the two, Skrill's advantages in online gambling are undeniable. Many casinos will not charge you transfer fees if you deposit internationally using Skrill, but more importantly, for our purposes, you can deposit into your Skrill wallet using bitcoin. This makes it a great workaround - if you want to play with bitcoin but a particular casino does not accept them, use Skrill as an intermediary!
Casino Games at Crypto Casino Sites
The best crypto casino sites will offer customers a wide selection of games, much the same as any traditional online casino. Crypto casino sites casino games lobby include new and old title online slots, video poker, table games and live casino games. Some Bitcoin online casino sites may even have games you would not find at a traditional online casino, such as Bitcoin Dice, an exclusive Dice game available to play at Bitcoin.games and BC.game. The best crypto casino sites will offer table games such as Roulette, Blackjack, Poker, Craps and Baccarat. As the popularity of Bitcoin gambling sites continues to grow, you’ll find a greater variety of bitcoin games available.
The biggest online gambling trend in recent years is the emergence of live dealer games where players can enjoy a real-life live casino experience from the comfort of their homes. The best bitcoin casino sites offer advanced live technology and multiple live dealer games.
How to Deposit with Crypto at the Casino
- Estimated Time
- What You Will Need
- An account at a Crypto Casino, a crypto wallet with your chosen cryptocurrency
- EQUIPMENT REQUIRED
- A PC, mobile device or tablet
Glossary of Terms you may need to understand when Crypto Gambling
Crypto gambling is a relatively new concept in modern online casino and sports betting. Bettors might know how to bet using cryptocurrencies but do not know the definition of its core words. Listed below are 5 crypto gambling definitions and why they are essential.
Frequently Asked Questions About Crypto Casinos
Are crypto casinos a scam?
As the development of using cryptocurrencies as a legitimate currency for use at online casinos is ongoing, crypto is not as regulated as, say, the more traditional payment methods. However, more and more reputable casinos are now accepting cryptocurrencies as a valid method of payment. The advanced technology used by the casinos prevents scam artists such as identity thieves from applying any underhanded methods.
Can I deposit in crypto and withdraw in pounds?
Not at most crypto casinos, as many tend to operate exclusively in crypto without offering the option to withdraw using a traditional payment method, such as PayPal or a debit card. With that said, if you want to enjoy your winnings in your local pub, you must sell the bitcoin you win and withdraw the money for it in your bank account.
Who regulates and licenses crypto casinos?
All reputable online casinos you should consider registering with should be licenced and regulated by the appropriate gaming authorities. This is also the case with regard to crypto casinos or online casinos that accept crypto as a valid payment method. Licenses are dispensed by gaming authorities such as MGA, UKGC, Curacao and many more.
Are crypto casinos legal in the UK?
Crypto casinos with the proper accreditation and certification are legal in the UK. In the case of UK players, you’ll be looking for a licence from the United Kingdom Gambling Commission. A casino without a licence may not be a legal setup and isn’t worth your time.
Where should I buy crypto from?
There is no shortage of crypto exchanges to choose from when buying Bitcoin and cryptocurrency. The best place to buy crypto should offer low transaction fees, easy account setup and convenient payment methods. One of the most popular trading sites for crypto is eToro, a globally recognised crypto trading platform.
What’s the difference between a physical crypto wallet and an online one?
Physical crypto wallets are physical devices that are used to store crypto funds and private keys. Although viewed as a more secure option, physical wallets need access to a computer making them relatively less accessible. An online wallet is a wallet where funds are stored online that are generally considered more user-friendly and accessible than their physical alternatives.
Is it possible to gamble with less popular crypto, like Dash?
Bitcoin is the most well-known and most popular virtual currency. So much so that some casinos only accept Bitcoin. Although, there’s an increasing number of them are offering other cryptocurrencies such as Ethereum, Litecoin and Ripple. Check each online casinos payment method to see if your preferred choice of crypto is accepted.
Can I use a casino as an alternative to traditional wallets?
Using the casino for that purpose is generally not a good idea. While it functions much like a regular wallet in that it stores the deposit you sent it and keeps it available for use in the casino, withdrawals aren’t always easy - meaning that issuing payments or transfers is going to be more difficult than it needs to be. Just use an online wallet, it’s free and offers far more functionality.
What's the difference between Bitcoin casinos and other crypto casinos?
Technically a Bitcoin casino is a gambling platform, just like any other kind of casino, it just happens to be that one of its in-game currencies is Bitcoin. Other crypto casinos can be known as blockchain casinos that use smart contracts such as Ethereum smart contracts to highlight the casino’s legitimacy and transparency.
What is the best Bitcoin casino site?
When looking for the best Bitcoin casino site to register at, look at the following guidelines. Which site has the biggest selection of games or bonuses? Are there any terms I need to know, like wagering requirements? Does the casino offer good customer support Which Bitcoin casino site is the most trusted and brings the best overall package? Bitcoin.games and Stake.com are two highly-rated Bitcoin casinos.
Can I Play Live Dealer Games at Crypto Casino Sites?
Most Bitcoin casino sites will have a similar casino games library to a traditional fiat currency casino. One of the best Bitcoin Casinos is Stake.com which has a wide selection of games, including online slots, video poker, table games live casino games and game shows. Live casino games include Roulette, Blackjack, Baccarat, Craps, Stud Poker and Sic Bo.