Cryptocurrency Online Casinos

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.

What Are the Best Crypto Casinos Online?

Welcome to BestCasinos.com list of the best crypto casinos that accept cryptocurrency payments. Digital currencies like Bitcoin and Ethereum are popular crypto gambling payment options available at dozens of licensed and reputable casinos listed right here at BestCasinos.com.

But only a handful deserves to be labelled as the best crypto casino site online. Here is a list of our top 5 cryptocurrency casinos online.

Top international gambling authorities license all venues on the list. Before you join, make sure to go through each venue’s review to learn more about the gambling brand.

Advantages of Using Cryptocurrency for Gambling

The fact you are reading this can mean you are looking to learn more about crypto casinos. And we are more than happy to help you ease your way into the topic. Getting to know BTC and other virtual assets is a must, especially if you are getting into the modern-day finance world.

So, we’ll start your introduction with the most important perks of crypto gambling. Here is a list of top five reasons to start playing at Bitcoin online casinos (or with other cryptocurrencies) instead of traditional gambling websites.

• Safety & Security
• Special Crypto Casino Bonuses
• Transparency
• Available Worldwide
• Anonymity

Now, let’s take a closer look at each advantage. We will show you exactly how you can benefit from using crypto at online casinos while staying safe and protected from harm.

✔️ Safety & Security

Crypto gambling sites are safe and secure as they do not require personal information from the players. Transferring money via BTC or ETH wallets does not include disclosing personal or financial details. Moreover, each transaction is 100% protected and secure.

✔️ Special Crypto Casino Bonuses

Online casino bonuses are great, but when you decide to deposit via Bitcoin, you can get a superb deal which is even better. Each casino that accepts cryptocurrencies offers incredible crypto casino bonuses which you cannot find anywhere else. Low Transaction Fees: With any other banking option, you have to pay an enormous transaction fee or conversion fee. With crypto gambling, such problems do not exist. Deposits are free, while withdrawals might include minimal fees, but this is a rare occurrence.

✔️ Transparency

Crypto users are used to their anonymity and protected status, but there is also transparency. Every single digital transaction is visible via the public ledger. There, you can easily see and prove that you made a deposit and that the casino paid out your winnings.

✔️ Available Worldwide

Fiat currencies are national currencies, and gambling websites choose which they’ll accept or not. With these currency options, you don’t have to worry about such problems. They are international and digital, which means they exist all over the internet and are not restricted by country or anything similar. You can use them wherever you want, including online casinos in the USA. 

✔️ Anonymity

The public ledger shows your transaction but hides your personal information like name address. Moreover, the public ledger shows only the amount which was transferred. And once you start placing deposits and withdrawals at crypto casinos, you will see that no transfer was ever recorded at your bank. This sort of anonymity suits punters as they don’t have to worry about safety and privacy issues.

Disadvantages of Cryptocurrency Casinos

Every good thing has a bad side too. Cryptocurrency online casinos are not an exception, but you will see shortly that the disadvantages of crypto casinos are not grave at all. They represent no obstacles to a safe and enjoyable casino gaming session at top casinos online.

Here are the main disadvantages of crypto gambling online.

❌ Currency Volatility

Cryptocurrencies are decentralized, meaning they do not depend on any government or bank. But they are volatile – their value can drop or hit the roof in a blink of an eye. In general, they don’t fluctuate as much, but there’s still a big chance this might happen.

❌ Lack of Recourse

No one controls the blockchain, so if you run into a problem, you have to come up with a way to resolve it. There is no bank you can call to resolve it; you must do it on your own. The cryptocurrency casino or your wallet provider might help, but their power is limited.

❌ No Reversal

The moment you hit send or confirm on a crypto transaction, it is over. Your funds have been sent somewhere, and they will arrive shortly. But if you change your mind, you cannot get it back. Crypto transfers are non-reversible.

Types of Cryptocurrencies

Cryptocurrencies are an umbrella term which covers various digital currencies that you can use as online casino payments. Bitcoin, the most famous one, is merely the first one – there are dozens of others you can use. An important aspect of crypto gambling is using a popular currency, which could mean its value is more stable.

Here is a list of five most popular cryptocurrencies in online gambling.

• Bitcoin
• Ethereum
• Litecoin
• Ripple
• Tether

BTC is a legendary virtual asset, and most people use precisely this one during their gambling activities. However, BTC is just the tip of the iceberg, as there are hundreds of virtual currencies on the market right now. You can read more about each popular option from the list right below.

Bitcoin

Bitcoin is the first digital currency to appear in 2008. The public ledger started recording transactions in 2009. The founder is not known, as the person (or group of people) used the pseudonym Satoshi Nakamoto. The first crypto casino launched was, in fact, a Bitcoin casino which used BTC payments instead of fiat ones like EUR or USD.

Ethereum

Ethereum is one of the younger digital currencies. It is actually more than a simple currency – it is a decentralized blockchain platform with open-source coding. ETH (Ether) is the native currency of the platform. Users can use the platform to change and incorporate their codes to create apps as well. According to value, Ether is the second-largest cryptocurrency, positioned right after Bitcoin.

Litecoin

Developed by Litecoin Core Development Team, Litecoin is a carbon copy of Bitcoin. It launched two years after Bitcoin, and during the next few years, their popularity was equal. However, Bitcoin became more popular than Litecoin, which caused LTC’s value to drop slightly. Because it has been present on the market so long, Litecoin is a popular crypto gambling payments choice.

Ripple

Ripple was launched in 2012 by Ripple Labs Inc. Compared to other assets on the market, Ripple is a low-risk investment for those interested in crypto finances. The system supports tokens for various currencies, including crypto. The native currency is XPR, a popular choice at casinos accepting cryptocurrencies. Various financial institutions have invested in XPR, thanks to which the digital asset maintained its high status among other digital currencies.

Tether

Tether became popular upon launch as it is a stablecoin, not a volatile coin like the other four on the list. The value of USDT is linked to USD and is calculated via the formula 1-for-1. The value can never drop as long as the USD stays strong. The main reason why so many people are interested in Tether is that it is a stable form of digital cash – more stable than any other digital asset.

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.