Crypto Gambling, why even bother?
If you’re new to cryptocurrency gambling and contemplating your first foray into crypto casinos, your first question might be, why even bother, or what’s so advantageous about crypto gambling?
As the popularity of crypto has sky-rocketed, more casinos have begun accepting multiple cryptos and delivering instant payouts, anonymous transactions, and even specialty blockchain games. At the forefront of payment technology, crypto casinos are some of the best online gambling platforms.
On this page, we’ll be taking you through the wide variety of benefits of blockchain gambling. We’ll also introduce you to some of the most popular cryptocurrencies to gamble with and share our top tips for selecting the best crypto casinos!
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Updated on November 19, 2024
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Vide variety of benefits of gambling with crypto?
When Bitcoin launched in 2008, crypto was a new concept. In the decade since it’s become a revolutionary payment technology adopted by users globally and even countries – El Salvador made BTC legal tender in 2021.
There are now more than 12,000 cryptos, which is an astonishing growth rate. However, gambling sites tend to accept only a handful of the most popular. Crypto is revolutionary as it runs on the blockchain, with users processing transactions without needing an intermediary like a bank. Users are incentivized to be active and maintain the network.
After Bitcoin, successive coins have aimed to increase the benefits of crypto for the main part, increasing the speed of transactions, lowering the energy costs of running crypto networks, providing a cheaper alternative, and so on.
The main benefits of gambling with cryptocurrency are
- Anonymous transactions – no more gambling transactions on bank statements.
- Cashouts and deposits take seconds.
- No currency conversions and fees.
- More user-friendly transaction limits at casinos.
- Potentially wise investment – winning more is beneficial.
- No inflation.
- Some of the most modern gambling sites accept crypto – get the best gambling experience.
There is also a downside to crypto gambling, which is market volatility. As crypto is subject to market drops and rises, the worth of your deposit and cashout could rise or fall unexpectedly.
Fiat’s poor performance compared to cryptocurrencies
With economic strife making headlines around the world most days, Fiat is the last century’s concern. Savvy players are avoiding inflation issues and diversifying their assets, with millions worldwide trading and playing in crypto.
As most cryptocurrencies are created with a maximum number of tokens in circulation, the number cannot be increased, meaning there’s no inflation. Your only concern is the market, so make sure you buy when it’s strategic and check the market before you gamble with crypto.
Transaction speed (end-to-end)
Fiat casinos, at best, payout in 24 hours, but this is unusual; most take 48 hours up to 5 days. Players value speed when it comes to withdrawals, and past research has shown many would rather change gambling sites if one offered same-day withdrawals.
As crypto uses a ledger and blockchain to process transactions, it’s lightning-fast. Bitcoin kicked it off, processing seven transactions per second (TPS), and newer altcoins, like Solana, have innovated and created TSP speeds of 50,000+.
Crypto could be a far better investment
Crypto is a source of wealth storage and, when traded well, can be a great investment. This means gambling with it and potentially winning more is a great way to add to your portfolio without buying it. Just be aware that you’re just as likely to lose when gambling online as to win.
Anonymity and Privacy
Crypto transactions are anonymous. If you also pick an anonymous online casino that only requires your email address and wallet to join, you can gamble in complete privacy using crypto.
More interesting promotions and bonuses
If bonuses and promotions are why you play online, then cryptocurrency gambling will undoubtedly hit the spot. Crypto casinos are some of the most modern, forward-thinking sites, so they tend to offer excellent bonuses. That includes big welcome bonuses, some up to 5 BTC, loyalty programs, deposit boosts, free spins, and loads more!
Higher payout limits
The whole point of crypto is that it’s more flexible than traditional banking methods of moving money, which extends to the limits. Crypto gambling sites welcome players with deposits from as low as $2 and sky-high upper cash-out limits that’ll cover high rollers and lucky winners! Plus, with no middle-man, fees are lower too!
Lower country restrictions (in general)
Crypto casinos are mostly offshore sites that operate globally (some have Curacao eGaming or Malta licensing but still operate globally). Match the wide casino availability with the lack of country restrictions and currency conversion fees provided by crypto, and it’s the perfect match for gamblers from any location. And you can take your pick from the best crypto gambling sites online, regardless of borders!
Gamble with your favorite crypto
There’s now a wide range of crypto accepted by gambling sites, but a few are player favorites. If you’ve already taken the first steps and have some coins in your wallet, use the casino guides below to find the best crypto gambling site for your currency.
Haven’t started your crypto gambling journey yet? Scroll down and learn how to start gambling with crypto and buying your first coins.
Start gambling with crypto by owning coins first
We make it easy to find the top casinos for each cryptocurrency, but before you join a site, if you’re new to the game, you’ll need to buy some crypto and put it in a wallet. Here’s how to get started gambling with cryptocurrency.
- Decide on a cryptocurrency Each crypto has a different worth and USP. Most are altcoins, improving the tech or service of other cryptos. Our gambling guides can help you decide which crypto best suits your needs. For example, SOL is great for speed, ADA and SHIB are cheap, USDT offers stability, etc.
- Pick a wallet Our recommendations for new users are Binance, Crypto.com, Robinhood, Coinbase, Metamask, Electrum, and Kraken. The wallet you go for might depend on the cryptos they accept.
- Buy the coin In many cases, your wallet will be linked to an exchange or provide an in-house version. Head to the exchange, check the market, buy your crypto, and put it in your wallet if it’s a good time. You can do this using your debit or credit card.
- Pick an online casino Use our crypto casino pages to select from the top casinos accepting your crypto. Sign up and claim a welcome bonus: Click the link, register, and make your first deposit to claim the welcome bonus. Always ensure the details are correct when making crypto transactions, as they are irreversible.
Crypto gambling tips
If you’ve found an online crypto gambling site that you think could be the one, always make sure the platform ticks all these boxes before you sign up and deposit.
Research gambling site’s reputation first
As cryptocurrency gambling sites tend to be offshore casinos and in the case of anonymous casinos, they may be unlicensed, you need to do a little more leg work to ensure the site is safe. Start by researching the site’s reputation and check if there are any player complaints online.
If the site has a good reputation, look at the games lobby and ensure the games are provided by reputable software. Lastly, before you sign up, make sure you’ve read the site’s terms and conditions, as these are the rules of the casino.
See if the gambling site of your choice accepts your coin
On the casino’s website, find the payments page and check which cryptocurrencies are accepted. If it’s unclear, load up the live chat and ask the customer service team.
Check payout limits and transaction speed
While on the payments page, check the limits and the payment times. Most crypto gambling sites payout in under 24 hours and have user-friendly limits. Realistically, your crypto transactions will take seconds, not hours, but this time frame is standard.
Full crypto or hybrid, license or anonymous
An important decision you’ll need to make is whether you want an anonymous crypto gambling experience. Crypto casinos licensed by Curacao eGaming and the Malta Gaming Authority complete KYC checks for new players. Hence they require your full details and ID. Unlicensed casinos don’t need either and are anonymous crypto gambling sites. Many new online casinos offer anonymous registration.
Crypto Gambling FAQs
What is the best cryptocurrency to gamble with?
Every crypto is a little different, so it depends on what you value – speed, green tech, lower fees, stability, etc. It’s best to compare cryptos and have a short list, then use our crypto gambling guides to learn more about which sites accept the coins and the benefits of playing at each.
Is crypto gambling legal?
It’s not illegal to gamble with crypto so long as you play from a country where neither gambling nor crypto is regulated. It’s considered a grey area in these cases because players are not breaking any laws.
How long do I have to wait for the withdrawal at the crypto gambling site?
No. One of the most significant advantages of blockchain gambling sites is that they can payout in seconds. Some of the fastest cryptos, like Solana, can process up to 50,000-70,000 TSP, which means your casino cashouts arrive in a flash.
Are crypto gambling sites fully anonymous?
If you want to play at an anonymous crypto gambling site, you can. However, we recommend you pick from our reviewed options, as we’ve done a full security check on these sites, ensuring the games are fair and the operator is legit.
Thomas Grey is a seasoned iGaming professional specializing in UX design, web development, and cryptocurrency integration. Based in Malta, he combines nearly a decade of experience with a passion for blockchain innovation and player safety.
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