Best Crypto Casinos 2023
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What is a Crypto Casino?
Crypto casinos, often known as bitcoin casinos or crypto gambling sites, mirror their traditional counterparts in many ways. For instance, these cryptocurrency casinos offer an extensive range of popular casino games the same as fiat money online casinos do, allowing players to engage in the excitement of winning using crypto money while having fun. The primary point of divergence lies in the payment methods offered by these unique casinos.
Instead of utilizing conventional payment gateways such as PayPal or debit cards as with regular online casinos, you are encouraged to transact with cryptocurrencies like Bitcoin, Ethereum, or Dogecoin at these online crypto casinos.
Over recent years, an increasing number of players have shifted their preference towards using crypto, not only for their gambling activities but for a wide array of online purchases as well. Naturally, with Bitcoin being the most preferred crypto asset, we can safely refer to the best crypto casinos as the top Bitcoin casinos.
Cryptocurrency values do fluctuate but seldom experience drastic drops. Often, your crypto deposits will appreciate over time, offering you the potential to gain more than you would at traditional online casinos.
Another key advantage of crypto gambling sites is the complete anonymity of transactions. While the crypto online casino knows you're gambling, your bank does not. This gives you the freedom to avoid any restrictions they might impose, such as those that could lead to a lower credit score.
Pros and Cons of Crypto Casinos
- Global Availability: Very few Bitcoin casinos impose any significant geographical restrictions on their users.
- Provably Fair: Provides a secure online gambling experience with cryptocurrencies, where provably fair games often yield a higher Return to Player (RTP).
- Instant Payouts: Numerous crypto casinos ensure instant payouts for those transacting with cryptocurrencies.
- Minimum Deposit: At the top Bitcoin casinos, you could find a minimum deposit threshold as modest as $1.
- No recourse in case of a SCAM: Peer-to-peer transactions offer no refund option.
- High volatility: Most cryptocurrencies have volatile values, leading to unpredictability.
The Most Commonly Used Casino Cryptocurrencies
While Bitcoin is certainly the most popular asset when it comes to cryptocurrency casinos, it's far from being the only one available with crypto games. Literally, there are thousands of available cryptocurrencies out there, and the average crypto casino player can easily find the best crypto casinos accepting many of the popular ones.
Our team reviewed the best crypto casinos online to summarise the most preferred cryptocurrencies. Keep on reading to find out if your preferred crypto falls under the radar of the best Bitcoin online casinos.
Bitcoin casinos online 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. You will find that many of the top Bitcoin casino games use the same titles as traditional online casinos.See the top BTC Casinos
Ethereum is the second most popular cryptocurrency in the world. While Bitcoin 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.
Therefore, through the Bitcoin casinos reviewed, it was quite common to have Ethereum as a crypto payment method for many jackpot games and live dealer games.See the top ETH Casinos
Practically speaking, Ripple operates very similarly to Bitcoin, but on a technical level, 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.
Our team noticed that Ripple (XRP) is a common medium with online sports betting websites, alongside online crypto casinos.See the top XRP Casinos
Dogecoin started off as a meme, which spiralled into a lot of people buying the coin for the joke. In turn, this led to an increase in its value, making it a legitimate currency. Talk about humble beginnings.
Nowadays, you can see crypto gamblers playing live dealer games and slot games using Dogecoin.See the top DOGE Casinos
Litecoin is the "silver" to Bitcoin's "gold". It functions similarly but is significantly cheaper. In addition, Litecoin transactions are much faster, which has earned them a very favourable reputation among both gamblers and crypto enthusiasts.
Often, you can see casinos accepting Litecoin offering exclusive deposit bonuses and promotions to Litecoin users.See the top LTC Casinos
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.
In that regard, many live casino software developers implement this cryptocurrency into their live dealer games, mainly poker games. Yet, it's not uncommon to see jackpot slots and other slot games adopting the TRX currency.See the top TRX Casinos
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.
You can see EOS being most used with sports betting and table games.See the top EOS Casinos
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. That made the cryptocurrency perfect for welcome bonus deals and sports betting with BCH casinos.See the top BCH Casinos
Tether, often abbreviated as USDT, is a stablecoin that has gained significant popularity in the world of cryptocurrencies. Designed to maintain a stable value by being pegged to a fiat currency (typically the US dollar), Tether provides a reliable and consistent digital asset for online transactions.
In the realm of crypto casinos, Tether has emerged as a preferred choice for its stability and ease of use. Many top-rated crypto casinos now support Tether as a payment method, allowing players to enjoy a seamless gambling experience with this reliable digital currency.See the top USDT Casinos
Cardano, also known as ADA, is a blockchain platform that aims to provide a secure and scalable infrastructure for the development of decentralized applications and smart contracts. With a strong focus on scientific research and peer-reviewed development, Cardano has garnered attention for its commitment to ensuring a robust and sustainable ecosystem.
In the realm of crypto gambling, Cardano is steadily gaining recognition as a viable cryptocurrency. As more crypto casinos recognize its potential, an increasing number of platforms are incorporating Cardano as a payment option, allowing players to experience the benefits of this innovative blockchain platform while enjoying their favourite casino games.See the top ADA Casinos
Top 8 Crypto Casinos in 2023 - Thorough Review
Reasons to Choose Empire.io
Empire.io Casino stands as a prominent crypto casino, housing numerous top gaming providers and boasting a vast collection of thousands of games. This platform allows for deposits and withdrawals using various cryptocurrencies, providing users with flexibility. Additionally, once you have logged into your account, you also have the option to purchase bitcoins.
After conducting a thorough review, we confidently recommend Empire.io as a premier online crypto casino. This esteemed platform stands out for its impeccable reputation and extensive game selection, encompassing slots, table games, crash games, and live casino experiences. The visually appealing design, complemented by thoughtfully organized menus, ensures a seamless navigation experience for players, allowing them to effortlessly explore all that Empire.io has to offer.
Reasons to Choose Bets.io
In 2021, Bets.io was launched by Bet Entertainment N.V. as a cryptocurrency casino operating under a valid license from Curacao. Ever since, Bets.io impresses with its diverse collection of both classic and innovative games, drawing inspiration from established gambling platforms to create a secure and reliable gaming experience. Despite these similarities, Bets.io manages to stand out, making it a platform worth exploring. By adhering to the time-tested adage of "if it ain't broke, don't fix it," Bets.io has achieved remarkable success.
However, it's important to note that, at the time of writing, Bets.io does not offer a sportsbook, which means that sports enthusiasts seeking Bitcoin betting options may find themselves wanting. Additionally, the absence of a no-deposit bonus is conspicuous. Based on the official statement from the platform, it seems unlikely that Bets.io will introduce such a bonus in the near future.
In summary, Bets.io proves to be an excellent choice for players of all backgrounds. While some may lament the lack of a no-deposit bonus, this does not overshadow the fact that Bets.io offers enticing welcome bonuses and an array of promotions that provide rewarding experiences. With this in mind, we confidently recommend this Bitcoin gambling platform to the majority of players seeking an exceptional gaming destination.
Reasons to Choose BC.Game
BC.Game Casino, founded in 2017 by Media Games Malta (EU) Limited, stands out as a decentralized application and open-source online gambling platform. It presents 16 distinct games that are provably fair. Operating as a crypto casino and sportsbook, BC.Game Casino proudly showcases the largest crypto crash game, featuring an impressive array of over 7,500 games, 80+ sports markets, and 10,000+ slot games.
The platform entices users with attractive bonuses, including the chance to win free lucky spins of up to 1BTC. BC.Game Casino has garnered a highly regarded reputation, earning a "Great" rating on Trustpilot and an average customer review score of 4.1/5 from over 880 reviews.
This platform supports multiple cryptocurrencies and offers flexible deposit and withdrawal options. While the mining fee may be slightly higher compared to other sites, it is dynamically adjusted to ensure swift withdrawal transactions. Additionally, the first no-deposit bonus does not come with any wagering requirements; however, it is worth noting that different games have separate wagering requirements in place.
4. 7Bit Casino
Reasons to Choose 7Bit Casino
When it comes to finding a trustworthy casino, 7BitCasino stands out as a highly recommended option. This platform has established itself as a reliable destination in the online gambling world, earning various affiliate certifications and accreditations that can be found on the casino's website. Additionally, 7BitCasino has been the recipient of multiple industry awards, further solidifying its reputation.
At Casino.online, we have featured 7BitCasino for a significant period, providing an expert casino review that equips you with all the necessary information to begin your gaming journey.
For players seeking Bitcoin casinos, 7BitCasino proves to be an impressive choice. Our experts have been thoroughly impressed by the multitude of offerings at 7BitCasino, including dedicated customer support, a vast collection of 7000+ games from top software providers, and a range of payment methods. With such a diverse selection of quality games and efficient customer support, boredom is simply not an option at 7BitCasino. Moreover, the platform ensures safe and fair gameplay, making it an excellent choice for those seeking a Bitcoin online casino that prioritizes security and fairness.
Reasons to Choose bitStarz Casino
BitStarz Casino offers a seamless sign-up process, granting quick access to a broad range of games from leading software providers. With live dealer games, table games, and an impressive selection of slots, players can enjoy an engaging gaming experience. The casino accepts various payment methods, including cryptocurrencies, ensuring secure and swift withdrawals.
BitStarz Casino boasts a solid and experienced support system, available via live chat, email, or phone. An extensive FAQ section is also provided. The platform prioritizes user safety by implementing excellent security measures.
Our review concludes that BitStarz Casino features an excellent user interface, a fantastic game selection, and reliable customer service. However, please note that the casino is unavailable in certain countries, such as the United States. With its ownership by an industry expert, BitStarz Casino is a trustworthy and reliable choice for online gaming enthusiasts. We highly recommend BitStarz for its quality and security.
6. Bitcoin.com Games
Reasons to Choose Bitcoin.com Games
Introducing Bitcoin.com Games, a recently established online casino dedicated to providing a seamless payment and gambling experience through the renowned cryptocurrency, Bitcoin. With a diverse range of traditional casino games such as slots, video poker, roulette, blackjack, and much more, Bitcoin.com Games aims to captivate players with enticing options.
The platform extends support to both Bitcoin and Bitcoin Cash, allowing users to engage with their preferred cryptocurrency. Notably, Bitcoin.com Games maintains a thriving and engaged community, fostered by its close association with the leading cryptocurrency community. For those seeking an exhilarating Bitcoin gambling experience, Bitcoin.com Games stands out as one of the most enticing and promising new platforms in the realm of cryptocurrency gambling.
Reasons to Choose BitSpinCasino
BitSpinCasino emerges as a prominent online crypto casino, offering a diverse array of software providers that include renowned names like Play’n GO, Playtech, NetEnt, Red Tiger Gaming, iSoftBet, and others. This extensive selection of providers ensures a wide range of games, including slots, table games, and live dealer rooms, catering to various player preferences.
The casino provides convenient accessibility, allowing users to enjoy gaming experiences instantly through a web browser or by utilizing the mobile version on the latest smartphones and tablets. Furthermore, BitSpinCasino supports multiple languages, ensuring a user-friendly experience for players around the world. Notably, they hold a full license and adhere to regulations set forth by the Government of Curacao, ensuring a secure and reliable gaming environment.
8. 1xBit Casino
Reasons to Choose 1xBit.com
Established in 2016, 1xBit is an online crypto casino that has garnered recognition for its exceptional sports betting services. This platform offers a comprehensive range of features, including live casino games, sports betting options, and traditional casino table games. According to our 1xBit Review and rating surveys, it achieves a rating of 3.5 stars out of 5.
In addition to the standard casino offerings, 1xBit also provides specialized betting opportunities such as forex predictions and other online financial predictions. The crypto casino asserts that it operates under the license of the Government of Curacao, ensuring a regulated and secure gaming environment. With enticing bonus deals and support for multiple cryptocurrencies, 1xBit positions itself as one of the top contenders in the crypto casino space within the cryptocurrency market.
5 Things You Should Know Before Crypto Gambling
On the surface, a crypto casino is just like a regular one, only accepting cryptocurrencies. While that's technically true, it creates a butterfly effect that spreads throughout every aspect of the casino experience.
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:
Top 5 Crypto Casinos of the Month
1. Stake.com Casino
2. Verde Casino
3. Ice Casino
Best 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 most 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 crypto 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 no-deposit 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 jackpot slots 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 bonuses, such as the BC.GAME bonus comes in. Usually, these bonuses come in the form of a deposit bonus (the Bitcoin casino bonus could even be restricted only to the welcome bonus), which the player may gain solely by depositing with crypto and NFT, thus making the process a bit sweeter.
If you want to explore crypto-exclusive bonuses, you can check the Bets.io crypto casino.
Our Favourite Crypto Casino Bonus
Top 3 Crypto Casinos Ranked by the Amount of Bonus
|1||Stake.com Casino||1000||Bitcoin, Ethereum, Dogecoin, Litecoin, Ripple, TRON, Bitcoin Cash, eos|
|2||Verde Casino||1200$||Bitcoin, Ethereum, Litecoin, Binance Coin|
|3||Ice Casino||1500€||Bitcoin, Ethereum, Litecoin, Binance Coin|
Additional Information to Get You Started on Crypto Casinos
What are Crypto Wallets?
Most cryptocurrencies 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. Like the newly popular MetaMask! 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 an entirely online one. If that's the route you'd like to go, 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:
How to Deposit with Crypto at an Online 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
Crypto vs Debit Card - Which is Better for Casino Gambling?
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 desired result of playing casino games is the same regardless of the chosen 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 is interested in exploring modern technologies and innovations, then pursuing crypto could be the opportunity you were waiting for!
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.
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, classic 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 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 new Bitcoin casino 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.
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 an 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 Bitcoin casino's fairness towards its players.
The Provably Fair algorithm can analyse and verify fairness in most casino games, such as table games, video poker games, slot games and even jackpot games. 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.
Alternate Deposit Methods - Crypto Alternatives
For better or worse, Bitcoin is the newcomer in the world of online casino games, with many other widely accepted payment methods. In fact, even crypto casinos often accept alternative deposit methods - even if the best casino accepts Bitcoin, casinos will always give you a deposit bonus for using that method.
If, for one reason or another, you'd rather deposit with alternative fiat currencies, 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.See the top Debit Card 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!See the top Paypal Casinos
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.See the top Neteller Casinos
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!See the top Skrill Casinos
Glossary of Terms you may Need to Understand When Crypto Gambling
Crypto gambling is a relatively new concept in modern online casinos and sports betting sites. Bettors might know how to bet using cryptocurrencies but do not know the definition of its core words.
Listed below are 5 essential crypto-gambling definitions and why they are useful.
Brief History of Cryptocurrencies
Believe it or not, Bitcoin isn't the first cryptocurrency used on the market. Indeed, the first one came long before the age of using digital currency to play slot games.
Way back in the ancient times of 1983, when most of us 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 "Bit-gold", but neither managed to find much popularity. That was until an anonymous developer using the pseudonym Satoshi Nakamoto invented this little-known crypto at that time, 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 a great loser, 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.
Frequently Asked Questions About Crypto Casinos
Are cryptocurrency 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 fiat currencies?
Not at most crypto casinos, as many crypto casinos 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 any 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 crypto casino site without a licence may not be a legal setup and isn’t worth your time.
Are Bitcoin casinos legal worldwide?
While the European Union is a pioneer in recognizing cryptocurrencies, it currently lacks comprehensive regulation for crypto-related activities. Countries worldwide vary in their stance on cryptocurrencies, BTC casinos and online gambling.
Take Malta, for instance. They are leading the way in crypto regulation with laws such as MDIA, ITAS, VFA, and blockchain rules. Some experts regard their system as the most progressive currently in use.
Contrastingly, in the United States, the Unlawful Internet Gambling Enforcement Act prohibits all online gambling. This legislation outlaws “knowingly accepting payments in connection with the participation of another person in a bet or wager that involves the use of the Internet and is unlawful under any federal or state law,” resulting in the need for state-level compliance.
In some nations like South Korea, while cryptocurrencies are forbidden, crypto exchanges operate freely. Interestingly, some governments are leaning towards accepting cryptocurrencies. El Salvador, for instance, made a landmark decision in August 2021, becoming the first country to recognize Bitcoin as a legal currency.
The global landscape for cryptocurrencies is a mixed bag with different countries adopting varied approaches towards regulation and BTC casino acceptance.
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 casino's 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 and blockchain technology 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 crypto bonuses?
- Are there any terms I need to know, like wagering requirements?
- Do the top Bitcoin casino sites offer good customer support?
- Which Bitcoin casino site is the most trusted and brings the best overall package?
Can I play live dealer games at crypto casino sites?
Most Bitcoin casino sites will have a live casino games library similar 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 games, Baccarat, Craps, Stud Poker and Sic Bo.
How to start Bitcoin gambling?
- Acquire Bitcoin: Purchase Bitcoin from a reputable cryptocurrency exchange using your preferred payment method.
- Set up a Wallet: Create a digital wallet to store your Bitcoin. There are various types - online, hardware, or software wallets.
- Choose a Bitcoin Casino: Research and select a trusted Bitcoin casino that suits your needs and preferences.
- Create an Account: Register an account at your chosen BTC casino.
- Deposit Bitcoin: Navigate to the payments section, select Bitcoin as your deposit method, and follow the instructions to transfer funds from your Bitcoin wallet to your casino account.
- Start Gambling: Once your account is funded, you can start playing your favourite casino games.
Do people win big in Bitcoin casinos?
Yes, people can and do win big in Bitcoin casinos. Similar to long-established casinos online, Bitcoin casinos offer a range of games such as poker, slots, and roulette, where players can win substantial amounts. Some Bitcoin casinos even have progressive jackpots where the prize pool increases over time until someone wins, which can result in enormous payouts.
However, it's important to note that while there's potential to win big, there's also a risk of losing. Gambling should always be done responsibly, and players should never wager more than they can afford to lose. It's also critical to use reputable and regulated Bitcoin casinos to ensure fair gameplay and secure transactions.