Crypto Gambling Casino Sites: Not a Bit and Not About Coins Only!
The Roadmap to Bitcoin/Litecoin/Ethereum (and Other Popular Cryptocurrencies) Gambling
When cryptocurrency was introduced to the online market about a decade ago, everyone was suspicious of it. Back in the day, when we were reviewing the first crypto gambling sites, the most common question among online players was: “How much of a risk is it to gamble in crypto”. Fast forward more than ten years, and cryptocurrencies are now the foundation of 100s of online operators. There are 10s of popular currencies to choose from. Leading suppliers adapt their portfolios to be compatible with BTC, and online operators create promotions in crypto.
There are lobbies based solely on an array of digital currencies and then there are also those that mix fiat and crypto cash. Thousands of players have already tried games of chance and bonuses in BTC/LTC/ETH, or other variations and enjoyed the experience. Others still postpone the test drive, motivating it by doubts in crypto or a seemingly complex process of registering for a digital wallet and buying/exchanging Bitcoins or similar currencies.
So, we decided to put together a detailed and in-depth guide to gambling in crypto. We will cover all the pros and cons of switching to BTC or alternatives. We will also explore the types of cryptocurrencies and ways to become an owner, as well as will dive into the best online casinos that deliver crypto, games, and promotions. Scroll down for all the juicy details, pick a preferred site, and maybe score your first BTC/crypto win on slots or live games.
Pros and Cons of Crypto Gambling Sites
So, what makes many novice gamblers question the pros and cons of a cryptocurrency? The most obvious answer is that, unlike fiat currencies, you will not be able to pick and hold a coin or a paper banknote of BTC or its alternatives. And all the rumors about digital currencies being highly volatile add to the theory that they are not reliable.
However, those who have tried gambling in an array of Bitcoin, Litecoin, Dogecoin, Ethereum, Tether, and Bitcoin Cash online casinos can’t help but notice numerous pros to using digital cash. Oftentimes, this amount of pros points outweighs the cons.
For this publication, we will take a closer look at all the reasons to or not to use cryptocurrencies and will let you make a decision on your own.
It allows a player to remain anonymous. As far as financial transactions go, this is a major breakthrough when compared to oftentimes intrusive bank-based financial transactions. The latter has a list of personal questions and may require a pile of documents for verification.
It benefits low rollers. Quite regularly, an online operator will require a player to follow different minimum withdrawal limits for different bank methods. Let’s say you came to wager around 10 USD for fun and you won around 30 USD and don’t intend to come back and gamble in the nearest future. Or you did not like the platform and consider changing a lobby. If a crypto wallet is available in the cashier, you will be able to withdraw even a small amount of wins. If all the cashier has is wire transfers or cards, the cashout minimums can start at 100USD or even more.
It is cheaper than bank transfers. A standard wire transfer can have up to 50 USD of fees added to it. With crypto-wallets, transactions between the wallets of the same chain are fee-free, although the online operator can charge something for the processing services on its side. However, it will still be less than for a wire transfer or a credit card service.
It is faster than fiat-based payments. When it comes to withdrawals, cashouts to cards can take up to three workdays, and via bank transfers — up to five workdays or even more. With e-wallets, you can be done with receiving payouts within 24 hours of submitting a request. And certain platforms have a sprinter turnaround time of a few hours.
Cryptocurrency is safe. Regardless of the blockchain or a selected brand, you can rely on secure and encrypted transactions.
Financial transactions are decentralized. For players from many countries, including the USA, South Africa, and Australia, the absence of a bank as an intermediary not only makes online gambling easier. It makes it possible.
Crypto is not very useful offline. Sure, you can withdraw the wins from an online lobby to a crypto wallet and then convert them to fiat cash (this will lead to hefty fees) but it is such a hassle that most of the players prefer to keep crypto where it was born — online.
This type of money is volatile. There are countless jokes about Bitcoin dropping to historic lows or skyrocketing to insane exchange heights within a matter of hours. The bottom line is that you never know where the exchange rate rollercoaster takes cryptocurrencies and this makes many players uncomfortable.
Mistakes are hard to correct.
Dark web involved. Cryptocurrencies are often linked to dark web transactions due to the anonymity, high security of networks, and decentralization. But then again, fiat cash has the same track record of being involved in questionable transactions.
Types of Cryptocurrencies + Registering a Crypto-Wallet
So, let’s say you are leaning towards trying to gamble in crypto. The next logical question is: which of numerous types of currently existing currencies would you choose?
It used to be all about Bitcoins, but those days are long gone. Official exchange platforms today list over 100 cryptocurrencies, including such popular alternatives to BTC as Litecoin, Bitcoin Cash, Ethereum, Tether, Doge, and Ripple, as well as lesser-known Avalanche, Terra, Uniswap, Algorand, and Axie Infinity. Many of these are specific to particular niches on the market. When it comes to online gambling, few of the regular residents that can often be found in the cashiers are BTC, LTC, ETH, USDT, XPR, Tether, and Bitcoin Cash.
If you are to choose based on the experience that the brand has then in addition to Bitcoin, Litecoin is definitely among the oldest types of crypto. Introduced in 2011, it is based on the BTC blockchain. Following it in 2012 was Bytecoin, and in 2013, these currencies were joined by Dogecoin.
When talking about currencies with some history, we can surely add Monero, Dash, and BitShares to the list. All of these were introduced to the community back in 2014, and in 2015, they were joined by Ethereum and NEM. ZCash gambling became possible in 2016, and by 2017, the market also welcomed xGox and Bitcoin Gold.
This summary is a very general one because, during this period, many other variations of currencies appeared and disappeared. When choosing the currency, we recommend exploring whether transactions are blockchain-based (old school), or use newer protocols. Plus, it is not recommended to pick types of cash that are not broadly used in the gambling industry.
Registering an e-Wallet and Depositing in an Online Casino
Registering an e-wallet with most of the reviewed currencies becomes easier each day. For Bitcoin, for instance, once you’ve installed an app on your mobile device, an e-wallet is created automatically. All you will need to do is to verify it and exchange fiat cash for crypto within an e-wallet.
We also recommend checking out hybrid payment systems like Cubits. It is an e-wallet that supports multiple cryptocurrencies within one account, and handles the conversion of crypto into other types of crypto, to fiat cash, and vice versa.
As soon as you have an e-wallet with digital cash, you then need to head to a selected online operator’s Cashier and Deposits (be sure you have a registered account with a selected gaming platform). Choose the preferred variation of currency and specify the amount that you would like to deposit. The security system will then take you to the verification page, and you are done.
What is more, with the help of solutions like Cubits you won’t even need to exchange crypto prior to gambling. If a cashier of an online operator supports Cubits, make a deposit in fiat cash and the system will automatically process the exchange to digital cash.
The Legality of Cryptocurrencies and Gambling Sites
When we were writing this review, many major casino licensors, including the cornerstone ones — the United Kingdom Gambling Commission and the Malta Gaming Authority — still did not recognize any types of cryptocurrencies and refused to issue permits to online platforms that support digital payments. Such licensors usually rely heavily on bank-based verification as a way to monitor online operators and the anonymity of crypto-banking does not allow for such monitoring to happen.
This does not mean, however, that for the sake of gaming in non-fiat cash you will have to resort to unlicensed places to bet and win. A lot of reputable websites with permits from Curacao, Cyprus, Panama, and other jurisdictions still manage to provide licensed services and the preferred and flexible type of banking.
When it comes to the legality of online casinos with crypto that offer services to countries where online gambling is prohibited, here a lot will depend on nuances.
Bitcoin Casinos for the USA
For instance, crypto platforms are immensely popular among players from the USA. In a country where online gambling is allowed in only a few states and banks have the right to block any illegal gambling-related transactions, players see crypto platforms as the only way to wager real money.
The fact is, only a couple of states where online wagering is banned, specifically outline offshore or crypto gambling as a punishable offense. Across most of the country, the legal writing did not yet catch up with what the international iGaming industry has to offer and a question of legality becomes a matter of discussion, not a matter of breaking the law.
Australia and New Zealand
Online gambling is heavily regulated across the entire continent of Australia, so Aussies have no local online platforms and need to head to international lobbies. Therefore, Bitcoin gambling is in high demand in Australia, with thousands of users heading to Playcroco Casino and similar platforms.
Similar to Aussies, New Zealanders do not have a choice when it comes to home-based online operators but the laws do not prohibit wagering at offshore platforms. We have a lot of great online Bitcoin casinos for NZ, including Lucky Dreams Casino.
India is a growing gambling market with very few local online platforms equipped to meet the needs of a sophisticated community, and even fewer international sites ready to offer a convenient combination of accepted INR and Indian payment methods like PayTM. In this case, Bitcoin online casinos that accept players from India become a great way out. Among others, we can recommend 10Cric Casino with multiple slots, a big live dealer lobby, additional betting options, and all of these compatible with crypto.
Online gambling is regulated differently based on the requirements of the provinces. Our database has lots of Kahnawake-regulated websites but none of them are related to Bitcoin gambling. Luckily, players from this country won’t be banned from offshore websites and our portal has a detailed list of Bitcoin casinos for Canada, with each of the listed platforms also having a detailed review.
The United Kingdom
Since UKGC won’t allow for any forms of crypto, it is illegal for an online operator within the country to offer such banking services. This still means that the Brits can choose crypto casinos among the UK-friendly platforms from international suppliers.
Types of Crypto Gambling Sites
When choosing an online operator that works with any type of crypto, you will see either of the following two options: the hybrid cashier, or a cashier working solely with crypto.
Plenty of established platforms choose to make their banking sections hybrid ones, juggling major fiat currencies like EUR, CAD, AUD, and NOK with their crypto-alternatives. This also means that cashiers will accept regular e-wallets, prepaid vouchers, and cards in addition to crypto-wallets.
Operators oriented only on crypto payments are a much rarer breed. And when you come across one, it will combine several digital currencies rater that resort to only one specific type of cash.
Our online database of reviews deals with more than 900 established online operators, and we have quite a few favorites among Bitcoin, Litecoin, ZCash, and other types of casinos.
Best Bitcoin Casinos
One of the websites that operate in BTC is SlotsRoom Casino. The website is suitable for players from the USA, among other international traffic. Its slots lobby is powered by RTG, and the live section is courtesy of ViG. SlotsRoom belongs to an old and reputable network.
Launched in 2005 and boasting more than a decade of catering to players, there is also Red Star Casino. It has a decent game library with more than 14 studios (namely, Microgaming, BetSoft, and Net Entertainment), fast cashouts, and high withdrawal limits.
Plus, we can also recommend Spinfinity. A sister site to SlotsRoom, it also belongs to an established network and supports legit and reliable gambling services, as well as 100+ games from RTG.
Best Litecoin Casinos
One of the oldest cryptocurrencies is very popular in online lobbies, and oftentimes it is available whenever BTC is included in the cashier. Aussies can manage financial transactions in LTC in the lobby of Tsars Casino, a hybrid platform with releases from 40+ studios.
Canadians and Turkish players can explore BetToGoal Casino, a multi-betting lobby with slots, live games, and Sportsbook. New Zealanders can register and use LTC at the lobby of FastPay Casino, among others.
Best Ethereum Casinos
In crypto-lobbies, there is usually a standard trio of digital currencies: BTC, LTC, and Ethereum is the third one in terms of popularity. If you would prefer ETH to other variations, all three sister sites of the 1xCorp NV network — namely 1xBet, 1xBit, and 1xSlots — allow players to use it. The websites are packed with high-quality content and have spotless reputations. Plus, all three are friendly to international traffic.
Best Dogecoin Gambling Sites
Dogecoin casinos are represented by an assortment of platforms. There is SlotVibe Casino with 15+ great studios delivering 100s of games to the slots section. The players will also be able to enjoy popular live dealer games.
Kosmonaut Casino, which allows Aussies and Canadians to register, also allows its games and promotions in DOGE. Plus, there is also Playfast Casino with its numerous ongoing promotions and a hefty welcome bonus.
Bitcoin Gambling Promotions
In addition to being easy to use, fee-free, and fast, cryptocurrencies are also compatible with welcome and ongoing promotions. There are even lobbies that create separate sign-up deals in Bitcoin in addition to deals in fiat cash. Such is the case with RocketPot Casino, among others.
The more dedicated the platform is to delivering all sorts of crypto cash, the better the situation will be with ongoing Bitcoin, Litecoin, Ethereum, and other promotions. As always, we recommend taking a closer look at the T&C in order to understand the responsibilities when claiming bonuses. We also remind about the necessity to check the games, with which the deals are compatible. Most of the time, welcome and ongoing offers will be applicable only to slot machines.
FREQUENTLY ASKED QUESTIONS
Are Bitcoin or any other crypto casinos legal?
These currencies are decentralized, which creates different frameworks for working with them depending on the country. In terms of online gambling, we always recommend checking the local regulations for wagering cash online. And registering to gamble in crypto only in the regulated and licensed lobbies.
What are the most trustworthy Bitcoin casinos?
Is ZCash gambling better than gambling in any older types of crypto?
In terms of safety, ZCash is like any other digital currency. It is safe, encrypted, and transactions are protected by multiple layers of security. In terms of the list of online operators offering, it is smaller than for some other digital currencies but still offers lots of legit websites. Among them, we can recommend MegaPari Casino.
What are some good Bitcoin RTG casinos?
How do Bitcoin casino withdrawals work?
They are as simple and straightforward as cashouts to regular e-wallets. All you need to do is reach a cashout minimum required for a specific platform and request a payout. Some pending time and KYC may be involved. On average, a platform processes BTC withdrawals within 24 to 72 hours.