Cryptocurrency Online Casino Guide
For many, the mere mention of cryptocurrencies inspires confusion and even apprehension. Not many players are well-versed in crypto gambling, and they typically think it’s hard to use BTC or ETH at gambling websites. But this can change.
The first thing players should understand is this: they don’t need to be cryptocurrency experts or know exactly how to use them at online gambling sites. To play in Bitcoins, they have first to find online casinos that accept Bitcoin deposits. They also need a wallet where they could store their digital funds after mining.
The process is quite similar to using regular EUR or USD transactions. The banking system doesn’t change – you only get a few perks which players with regular currencies don’t have.
BestCasinos.com has prepared a comprehensive guide for finding and registering at casinos that accept cryptocurrencies. You will see below the advantages and disadvantages of using crypto for gambling, and which currencies are your best options. We also have a list of top crypto casinos which have the best offers and promos.
Select the Right Crypto Wallet
Given how you know your options a bit better now, it is time to consider investing in crypto. But if you want to use the digital cash you earn by mining crypto assets, you shall need a wallet.
Crypto wallets are an important step for protecting your money and staying safe from phishing scams. Trusted exchanges are paramount, as money transferred over the internet needs an extra layer of protection from risk and harms.
Some of the most trusted wallets for users of digital assets used are:
- Electrum
- Exodus
- Coinbase
- Edge
- Mycelium
You can visit each website and learn more about each wallet network. Pick the one which suits you the most.
How We Choose Top Crypto Casinos?
When it comes to handling sensitive data on the internet, casinos that accept cryptocurrencies are unmatched. However, not all venues care about safety and their clients. Before we put a cryptocurrency online casino on our list, we run various tests and review the website to ensure it’s safe.
We pay attention to the following factors:
- Reputable & Licensed Cryptocurrency Casinos Only
- Wide Offering of Crypto Casino Bonuses & Promos
- Extensive Game Portfolio
- Selection of Cryptocurrencies for Withdrawals
If the venue does not tick all these boxes, it won’t land on our list. Licenses are always our priority, as playing at unregulated venues is unacceptable. We check the sites’ reputation as feedback from existing players is better than reading any praise from the sites in question.
The promotional offer needs to be satisfying as well. No one likes to play at crypto casinos which are not fun! Hence, we make sure to find only brands with lots of crypto casino bonuses for their players.
Besides promotions, players visit crypto gambling sites for the games as well. And so, the library needs to be big. Major software developers like Microgaming, NetEnt, and Betsoft are present in most of the venues we highlighted on our list of top cryptocurrency casinos. Moreover, players who like digital assets are not restricted in any way. They can play slots, roulette, blackjack, and any live dealer table game they like right after registering.
Finally, before we put our stamp of approval on any venue, we must check whether our customers have valid withdrawal options. Deposits and withdrawals often differ, so having a reliable option for withdrawal is important.
Conclusion
Cryptocurrency online casinos use the latest encryption technology which meets the required industry standards. In other words, players’ transactional details and personal information are completely safe.
Currently, digital coins are not regulated by any financial institution, bank, or government. It is a young industry, and it’s still not properly understood. But it is improving if the rise of the online crypto gambling popularity is any indication. There is great growth potential. The number of online casinos accepting cryptocurrencies as payment options will definitely rise because it is fast, safe, secure, hassle-free, anonymous, and convenient.
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Milos Markovic is the creative mind behind the content you see on the site. As the head of MM Editing – a digital agency in charge of content for BestCasinos - Milos works closely with his team to deliver high-quality, informative, and SEO-friendly content that makes online casino games easier (and more fun) to explore. From big-picture strategy to the final word on a review, he's involved every step of the way.