What You Need to Know about Crypto Casinos

Check out all you need to know about crypto casinos. Find out what they are and how you can benefit from playing at one.

The Benefits of Crypto Casinos

Crypto casinos have come a long way since the first ones appeared online in 2013. With the popularity of both online casino gaming and cryptocurrency growing so much since then, it only makes sense that the demand for crypto gambling sites has increased exponentially in recent years. However, this isn’t merely a case of people riding a trendy wave. Instead, this shift can be attributed mainly to players seeing the advantages that this new breed of online casino offers.

Anonymity

One of the benefits of cryptocurrency is that it provides a high level of anonymity. Why is this important? Well, for starters, some regions have made online gambling illegal. Authorities can easily follow the paper trail that transactions with online casinos leave behind. Because cryptocurrency transactions are pseudo-anonymous, those who use cryptocurrency for deposits and withdrawals don’t leave any tracks. Consider how helpful this is for people living in countries with strict anti-gambling laws.

That said, anonymity is also valued by people living in countries where online gambling is legal. Who doesn’t appreciate being afforded the highest levels of privacy? Crypto casinos offer almost everybody the most discrete way of getting their online gaming fix without worrying about Big Brother causing problems.

Security

Almost all payment systems claim to be highly secure, be it credit card, eWallet, or another payment platform. While this is generally true, cryptocurrencies are even more secure. This is because cryptocurrency is based on something called a blockchain. Without getting too technical, the blockchain implements the same style of security used by the military, major banks, and even virtual private networks. However, unlike those systems which rely on encryption, the SHA hash functions that the blockchain uses cannot be decrypted. You can think of each transaction in terms of a unique fingerprint that cannot be duplicated.

In terms of the crypto wallets in which your cryptocurrency is stored, they are also highly secure, although they are not totally invulnerable. One thing to keep in mind is that your crypto wallet requires a password. If you happen to lose your password, then there is no way to recover it.

Quick Deposits and Withdrawals

If you have ever used fiat currency at an online casino, then you probably know that your deposit was processed instantly. While crypto deposits are fast at crypto casinos, it usually takes a little bit of time for the funds to appear in your account balance. This is because the deposit has to go through the blockchain before it can clear. These times can vary depending on which crypto you use. For instance, a Ripple deposit will typically go through within minutes, while other cryptos like bitcoin can take anywhere from a couple of minutes to an hour to go through.

As far as transactions go, the most significant advantage of using cryptocurrency comes when it’s time to withdraw funds. In a lot of cases, you can expect to receive a payment within minutes of the withdrawal being processed. Traditional payment solutions simply can’t match this.

Fewer Restrictions

Have you ever stumbled across a really good online casino only to discover that it does not offer its services to people in your country? You are much less likely to encounter this if you play at crypto casinos. Of course, it can happen. Licensed crypto casinos must abide by the rules and regulations that apply to them.

Another benefit of playing at cryptocurrency casino sites is that the limits tend to be much more flexible. That is to say that the minimum deposit and withdrawal amounts are often lower while the maximum limits are significantly higher. This applies to wager limits a lot of the time too. The bottom line is that crypto users face fewer restrictions.

Provably Fair Casino Games

The foundation of any strong relationship relies on trust. For example, you want to be sure that the online casino you play at will promptly pay you when you win. But you also want to know that the games you play are fair. While you often see online gambling sites boast about offering fair games, a lot of savvy players wish to proof of this beyond mere words. This is where “provably fair” comes into play. Provably fair means exactly what it says. These games allow players to verify that they are on the level.

A provably fair game is based on an open-source algorithm that operates on a smart contract platform such as Ethereum. As such, the outcomes of these games cannot be manipulated by anyone, including the operator and the players. It’s all done using an iron-clad programming code.

Before the advent of provably fair games, players had no foolproof way of knowing if the games were on the up and up. Now, you can simply click on the Provably Fair link at the best crypto casinos to verify the results of your wagers. This gives players peace of mind and allows them to enjoy the online casino experience without having to question the fairness of the games. Every provably fair game is certified by the blockchain. This negates the need for any third-party auditors like TST or iTech Labs.

As for the kinds of provably fair games offered at crypto gambling sites? Well, they cover the entire spectrum. You’ll find provably fair dice games, slots, table games, and lottery games, as well as bingo, keno, and pretty much anything else you can think of. Make sure to look for that Provably Fair link if you want to make 100% sure that you’re getting a fair shake.

Crash Gambling Casino Games

Crash games are one of the latest crazes to hit the crypto gaming community. This game is simple to understand and even easier to play at top crypto casinos all over the world. It’s a little like playing the stock market, except a round usually takes less than a minute.

You start a round of Crash by placing your wager. Most sites let you bet between $1 and $10,000, although some sites allow for higher limits. You will then see a multiplier which starts at 1.00. When the game starts, the multiplier begins to grow, and it continues to grow until it suddenly crashes. The key is to cash out your bet before the multiplier crashes. When is the best time to cash out? Well, that depends on how much of a thrill seeker you are. If you pull the plug too early, you risk missing out on a much bigger payout. If you bail out too late, then you’ll lose your wager in the crash.

You’ll find different variations of Crash at different crypto casinos. The main idea of betting, following the multiplier as it grows, and cashing out at the right time applies to most versions. The only real difference is the graphics which aren’t all that great due to the simple nature of the game. It’s a lot like watching a basic graph.

One of the appealing aspects of Crash is that it usually has a very slim house edge. We’re typically talking about 1% or less. As you would expect, the vast majority of these Crash gambling games are provably fair. Most Crash games are currently created by the casino offering the game or by Dapp developers. Mainstream software providers like Microgaming, Yggdrasil, and NetEnt do not currently create these games, although they may soon as the popularity and demand for Crash games continue to grow.

A Step-by-Step Guide to Getting Started at Crypto Casinos

Having read this far, there’s a good chance you are interested in immersing yourself in all the top cryptocurrency online casinos offer. While embarking on a crypto online casino journey involves a bit of preparation, you can rest assured that it is quick and straightforward. For your convenience, we will now walk you through the entire process from start to finish. This will ensure that you find the crypto gambling site that best suits your needs.

How to Pick a Crypto Casino from our List

As you probably noticed, we have listed various reputable crypto gambling sites. Our experts have meticulously checked these sites out, and they all meet our high expectations. Nevertheless, you must consider a few factors before opening an account and depositing funds.

Does it Support Players from your Country?

One of the first things you need to confirm is that the site you are considering joining accepts players from your country of residence. If it doesn’t, then simply move on to the next one. Playing at crypto casinos that cater to players in your country will ensure that you don’t run into any snags. You might be able to get away with playing from a restricted region for a little while, but you risk eventually having your account frozen. You might even end up having your funds confiscated, too, which is something that nobody wants.

Is it Trustworthy?

The second thing you need to do is find out if the site is trustworthy. Even though the sites we endorse have earned the approval of our experts, it’s still a good idea to spend a few minutes investigating them on your own. A simple Google search can be very helpful as you will find other expert reviews as well as commentary from real customers. Do not sign up if you have any concerns about a site you’re looking at. We have plenty of other great crypto casinos and bonuses to choose from. The important thing is that you can trust the operator to provide you with a superior and carefree casino adventure. You may like to gamble, but you should never take chances when picking a casino to play at.

Does the Site Support Crypto for Deposits and Withdrawals?

Fortunately, the vast majority of online casinos that accept crypto deposits also offer crypto withdrawals. This makes things a lot easier for the operator and the customer. If you sign up and play at a site that only allows cryptocurrency deposits, then you will need to find an alternate means of cashing out. This is obviously a hassle. Not only in terms of the sheer inconvenience, but fiat currency withdrawals normally involve some type of fee on behalf of the payment provider, and they take longer to process. This negates two of the major benefits of using crypto: low or no fees and near-instant access to your winnings. We strongly urge you to play at crypto casinos that facilitate deposits and withdrawals using your preferred cryptocurrency.

Is Customer Support Helpful?

Customer service is one of those factors that a lot of online casino enthusiasts overlook. It’s true that most people who play casino games online don’t have questions or encounter any problems, but issues occasionally occur. When they do, you want to get the answers and solutions as quickly as possible. This is why it’s so important to select a cryptocurrency casino that offers 24/7/365 support.

Choosing a site that only offers limited customer service hours means that you may have to wait several hours before you get the help you need. Furthermore, the operator should provide support by live chat and by telephone. Having to get answers through email communications can be a lengthy and frustrating process. We recommend contacting a site’s support department before signing up just to see how efficient and professional it is.

Does the Site Support the Cryptocurrency that you Own?

Not everybody owns major cryptos like Bitcoin, Ethereum, Tether, and Ripple. There are loads of other altcoins out there, and you might be planning to use one of them. Therefore, it only makes sense to find out if the site you want to join supports the crypto you want to use. The good news is that many of the most highly-rated crypto casinos conveniently support a huge range of altcoins. On top of that, it’s easy to convert your altcoins into other coins or simply invest in a new cryptocurrency at a reputable crypto exchange.

How Fast are Withdrawals?

Few things are as exciting as being in the enviable position of cashing out your winnings. As mentioned earlier in this guide, fast withdrawals are one of the main benefits of using crypto for online casino gaming. It can take several days to gain access to your winnings if you use an eWallet, credit card, or other traditional payment option. Conversely, crypto withdrawals usually arrive in your wallet within minutes. This really adds to the overall experience and removes the anxiety of receiving your money. Just make a point of looking into the site’s processing times before you register.

Withdrawal Limits

One of the biggest knocks on traditional payment solutions is that they are frequently subject to low limits. A lot of times, the limits on credit/debit cards and eWallet withdrawal limits are just a few thousand dollars per month. Imagine the frustration you’d experience if you were up $100,000 and had to spread out your withdrawals over several months. Our favorite crypto casinos generally offer much higher withdrawal limits. As is the case with withdrawal times, it’s a good idea to find out what the withdrawal limits are at a site before you open an account. You shouldn’t have a hard time finding a crypto gambling site that doesn’t have any limits on the amount you can withdraw in a single transaction.

Bonuses

Who doesn’t like to get big bonuses and other perks when they play real money casino games? Almost every online casino offers customers a welcome bonus as well as other benefits like reload bonuses, free spins, risk-free play, and more. Now, here’s something that you may not be aware of: many crypto casinos offer bigger bonuses to crypto users. For instance, you might be able to claim a 100% match bonus of up to $1,000 if you use fiat currency options. However, the same site might offer a 150% match bonus up to $1,500 if you use cryptocurrency. This scenario is quite common.

While you should put a lot of stock into a bonus, it’s important to read the offer’s terms and conditions. The T&Cs contain critical information such as wagering requirements, time limits, and other details like country restrictions. Understanding them will allow you to assess the offer’s true value.

Pick a Crypto Wallet

Once you have decided which cryptocurrency you want to use, you’ll need to get a crypto wallet to store your digital currency. There are two main types of crypto wallets: сustodial wallets and non-custodial wallets. With a non-custodial wallet, a third party holds on to your private keys. This means that they have control over your crypto while you are only allowed to send and receive funds. A non-custodial wallet essentially turns you into your bank as you have sole possession of the private keys and your funds.

We admit that choosing the right wallet can be a little challenging, but there are plenty of quick tutorials online that are designed to help you choose the best one for you. All crypto wallets come with unique pros and cons.

How to Buy Cryptocurrency

So, you’ve selected one of our recommended crypto casinos, chosen a cryptocurrency to use, and got yourself a crypto wallet. Now it’s time to purchase some cryptocurrency. All you need to do is go to crypto exchanges like eToro, Kraken, or Coinbase. There are loads of trustworthy exchanges out there. You can simply sign up, pick the crypto you want to purchase, how much you wish to buy, and then pay for it. You can use a variety of payment options ranging from credit cards and debit cards to eWallets and online banking. You can even use a wide range of cryptocurrencies at a lot of exchanges. This process isn’t much different from any other online purchase. Once the transaction is complete, your newly-purchased cryptocurrency will be transferred to your crypto wallet and ready to use.

How to Exchange Crypto Coins and Where to do it

If you ever want to change cryptos or cash in your crypto, you can simply go to the crypto exchange and do it there. You can use the one you initially purchased your crypto at, or you can pick another crypto exchange. Of course, you’ll need to register if you take your business to another exchange. Again, we suggest an exchange like Kraken, eToro, Coinbase, Webull, or Robinhood Crypto, although there are plenty of other ones out there too.

How to Deposit at Crypto Casinos

Depositing funds at a crypto casino is a breeze. Assuming you’ve opened an account at the casino, you just have to log in and select the “Deposit” option in the banking section. Choose the crypto you want to use from the menu and enter the amount you wish to deposit. You may also be prompted to claim a bonus or enter a promo code at this point. All that’s left to do is enter your wallet information and submit the deposit form. The deposit should reflect in your updated account balance in minutes, although it could take a bit longer depending on the site and the cryptocurrency you’re using.

How to Withdraw Your Winnings

Withdrawing your winnings is almost the same as making your deposit. Start by logging into the casino and either clicking on your account balance or hitting the “Withdraw” option in the banking section. You select your cryptocurrency and then enter the withdrawal amount and your wallet address. The last thing you need to do is submit the withdrawal form. If you play at one of our preferred fast payout crypto casinos, you can expect the operator to process the withdrawal within a few minutes. The crypto will appear in your wallet as soon as it’s been processed.

Crypto Casinos FAQ

Is crypto gambling legal?

The legality of cryptocurrency and online gambling differs from country to country. Both exist in a grey area in many regions. This means that crypto gambling isn’t expressly legal, but it isn’t against the law either. With that said, make sure to check into your local laws to find out for sure. A basic Google search should tell you all you need to know.

Are crypto casinos anonymous?

It would be misleading to tell you that cryptocurrency is entirely anonymous. It isn’t. However, it provides the highest level of anonymity if used correctly. Now, your anonymity is pretty much blown when you sign up at crypto casinos that require your personal information. However, some unlicensed crypto casinos do not require you to do this. Just remember that it isn’t wise to play at unlicensed sites because there is no recourse available if they rip you off or mistreat you.

How do I deposit cryptocurrency at a crypto gambling site?

Once you have signed up at a cryptocurrency-friendly casino, you can head to the site’s banking section and select the “Deposit” option. This will open up a deposit form that will ask you to pick your crypto from a list. You can then fill in the amount of crypto you want to deposit and enter your wallet address. After submitting the transaction, your funds should be in your casino account within a few minutes, depending on which crypto you use.

How do you get cryptocurrency?

The easiest way to purchase cryptocurrency is by going to a crypto exchange such as those mentioned in this tutorial. After registering at the exchange, you can simply choose the cryptocurrency you want to buy and the amount you want to purchase. You can then use a variety of payment options to pay for your purchase. These include credit cards, debit cards, eWallets, online banking, and vouchers, among other things. You can even use the crypto you already own to pay for it at most exchanges.

How old do you have to be to buy crypto?

Because cryptocurrency is unregulated, there technically isn’t a minimum age requirement to mine, purchase, or own it. However, the most reputable crypto exchanges require that those who purchase crypto through their platforms must be at least 18 of age.

How do I withdraw bitcoin from crypto casinos?

To withdraw bitcoin from your online casino, you merely need to select the “Withdraw” option in the casino’s banking section, select “Bitcoin” from the list of options, enter the withdrawal amount, and provide your wallet address. Submit the withdrawal request, and your bitcoin will be in your wallet shortly. Be warned that most bitcoin online casinos will only let you withdraw bitcoin if you deposited bitcoin.

Do bitcoin casinos need a license?

Like any other online casino, a bitcoin casino needs to have a license to operate legally. A license from a respected regulatory authority means that the operator must strictly adhere to regulations. You have no real means of recourse if an illegal site does something like fails to pay you your winnings. We highly urge players to avoid unlicensed sites like the plague. We only endorse crypto casinos that are properly licensed and regulated.

Are bitcoin casinos safe?

Generally speaking, bitcoin casinos are indeed safe to play at. The ones we recommend certainly are. However, we cannot overstate the importance of only playing at bitcoin casinos that are licensed by a respected authority like Curacao eGaming or the Malta Gaming Authority. By playing at an unlicensed casino, you run the risk of being ripped off or treated unfairly. In that case, you cannot turn to a regulatory entity for help as you could if the casino is licensed.