Understanding Crypto Gambling and Why it's So Popular
There’s a growing number of online casinos that offer cryptocurrencies as either a sole payment option or in addition to e-wallets and bank transfers.
Safety, security and the speed of transactions are among the main reasons behind the popularity of gambling with crypto. Leveraged by blockchain technology at their core, crypto transactions take place without the involvement of a third party (in this case, an online casino), reducing much of the risk associated with internet money transfers.
Additionally, anonymity is often associated with cryptocurrencies. Some players don’t want to have recorded transactions towards online casinos from their bank accounts as this can influence their credit score. Still, in the majority of crypto casinos, players must prove their identities by submitting personal information and documents.
While Bitcoin casinos are by far the most popular, we’ve sorted out Ethereum and Litecoin casinos for you, so you can easily browse through the list of operators that accept these options.
Are Online Crypto Casinos Legal and Safe?
Finding safe online casinos should be one of your top priorities. Just like with all other types, not every cryptocurrency casino is safe and you must be aware that there are rogue sites that are after your data or money.
But there are plenty of crypto gambling websites which are reputable. We’re reviewing all crypto casinos that open and you can check both the CasinoRank and the player reviews as well as read our review to get the full image. The majority of crypto casinos will ask you for your KYC documents and have their licences clearly featured on the site.
Some operators may not ask for players to submit the KYC documents, allowing them to just plug in and play. Still, this doesn’t necessarily mean that such casinos aren’t legit, but you should explore other aspects of the site before you register.
Key Factors to Consider When Choosing the Best Crypto Casino Site
There is a consensus that crypto casinos are quicker, cheaper, and more private and secure than regular Internet casinos. With a growing number of sites where you can deposit and withdraw cryptocurrencies, one should be really wary of the casinos they join.
Therefore, we provide you with some of the key factors you must check once you find the casino you like.
Licensing, Regulation, and Security
Before playing at any online crypto casino, check for a valid gaming licence. Although crypto transactions are generally safe, it doesn’t mean that the casinos are too. Therefore, look for the proof of gambling licence before you join the site. Also, it's important to read several reviews before deciding.
Provably Fair Technology and Transparency
Every online casino needs to ensure all their games are safe and fair. While it’s up to software providers to test the games out before they launch them online casinos can skew the games in their favour. So, check RTP for online slots and see if the games are tested by independent bodies.
Game and Software Provider Variety
The choice of casino games is crucial for the majority of players. In this segment, the more games, the better. Not every crypto may offer online slots, table games and live casino games, but some do. So, think about what you want to play and see the latest games added to check if the casino stays in line with the industry.
Available Bonuses and Promotions
Snagging appealing bonuses when you’re joining Dogecoin casinos may not be on everyone’s list but it’s hard to overlook casinos that offer hefty deals for new and existing players. From welcome offers, Free Spins, no deposit exclusive bonuses and cashback programs, there are plenty of casinos where you can find all of that. It’s just a matter of searching through different offers available.
Payout Speed and Transaction Fees
Generally speaking, cryptocurrency casinos are quick to process your withdrawals and they don’t charge any fees for doing so. With over 200 Cardano casinos, how many of them can brag with instant withdrawals? It’s all written in our reviews.
Accepted Cryptocurrencies
If you own more than one type of cryptocurrencies, you might want to look more into the casino payment methods. It’s convenient if you can deposit or withdraw funds using several different crypto.
Some online casinos even provide exchanges directly on the site. That means that you can use bank transfers/debit cards to deposit and withdraw money and go through the exchange on the site. For those playing at Tether casinos, this can be a real benefit because unlike other cryptocurrencies, Tether is tied to the USD and retains value, so you won’t lose a lot of money (or any) during the exchange process.
Mobile Compatibility
All crypto casinos can be accessed via mobile phones. It’s just a matter of preference. For some, you’ll have to use a web browser, but for others, you might need to download an app first. But, do check if you can access the casino via your mobile first, it’s only a few minutes of your time.
24/7 Customer Support Quality
Online casinos that provide customer service around the clock should get an advantage compared to those that work limited hours. Still, this is just one aspect that you must consider. The quality of customer service is more important at the end of the day.
How to Get Started: Registration and Deposit
If this is your first time joining cryptocurrency casinos, follow these simple steps to find the best casino available in your area.
- Browse through the list of casinos - You can check all crypto casinos available on this page. If you’re looking for a specific currency we have that sorted for you as well. Use filters to select licences, bonuses or anything else that’s important to you.
- Read online casino reviews - Once you find the casinos you like, read our detailed reviews as they give you more information on what you can expect.
- Register and make your first deposit - Create an account using your email or your mobile phone. At the majority of crypto casinos, you’ll have to verify your account as well, so do it sooner rather than later. Follow the registration instructions and you can play your favourite casino games in minutes.
💡AskGamblers tip: Depositing cryptocurrencies may differ from one casino to another, but all of them outline the process well. If you’re struggling with crypto deposits, it’s best to contact the casino’s customer support for assistance.
How to Withdraw Your Winnings
Withdrawals at crypto casinos are often smooth and take a few hours to complete, especially if your account is already verified. The majority of Ripple casinos contain a cashier where you can enter the amount you wish to withdraw and send a request.
The casinos must first process your withdrawal and as long as you have sufficient funds and you haven’t violated any bonus or other Terms and Conditions, the money will be in your wallet quickly. Keep in mind that setting everything up may take some time, so your first withdrawal may be longer, as you have to submit documents and play through wagering requirements if you’ve got a bonus.
Bonuses You Can Claim at Bitcoin Casinos
When you’re signing up at Bitcoin casinos, look for a crypto casino bonus that suits your playstyle. Almost all crypto casinos offer welcome bonuses, mostly combining matching deals and Free Spins, but there are other offers you can check out.
Crypto Casinos vs Fiat Casinos: Key Differences
Although they appear the same, there are subtle differences between Bitcoin and fiat online casinos. Let's see what those differences are in a nutshell:
- Anonymity - Crypto casinos often allow users to play without providing personal details, while traditional casinos require identity verification (KYC).
- Transaction speed - Crypto transactions are way quicker than regular casinos, with some of the best Bitcoin casinos even offering instant cashouts, as is the case with the fastest withdrawal casinos.
- Transparency and fairness - Crypto sites that operate using provably fair algorithms add another layer of security, allowing players to verify game fairness, unlike traditional casinos that must rely on third-party audits.
- Availability - Even if the list of available payment methods is limited in your region, you could easily bypass these restrictions by playing with crypto. Bitcoin casinos often operate globally with fewer restrictions, allowing you to enjoy online casino gaming without worrying about traditional banking methods.
Pros And Cons of Playing at Bitcoin Casinos
Although Bitcoin casinos have several advantages, they aren’t always ideal and players may decide to choose other payment options after all.
Pros
- Transaction speed - Cryptocurrency transactions are fast, so you won’t have to wait for days to receive your earned money.
- Privacy - Overall, cryptocasinos are secure and they’re good at keeping your privacy. Some players wish to remain anonymous, so there are no better casinos than crypto.
- No fees - By using cryptocurrencies players avoid fees on transactions they might have paid in regular casinos.
- Higher limits - Limits on withdrawals at cryptocurrencies casinos are often much higher due to the ease of processing payments. Still if you’re unsure about your gambling habits and you’re afraid you’d deposit a lot of money to chase big wins as you’re not limited on withdrawals, it’s easy to find crypto sites that incorporate responsible gambling tools.
Cons
- Unstable currency - Not the disadvantage of crypto casinos themselves, but more of the cryptocurrencies that can affect you. You can achieve a win and the value of your currency can drop by the time you withdraw the money.
- More scammy sites - By bypassing the necessary KYC checks and encouraging players to use VPNs, creating scammy crypto sites is easier than opening scammy regular casinos. So, as players, you have to be more cautious.
Wrapping Up the Crypto Casino Basics
Generally speaking, crypto casinos are safe and accessible, each of them offering a different set of cryptocurrencies you can deposit and withdraw. While they excel at transaction speed and withdrawal limits, players should be aware of the risks of playing at crypto casinos and using such currencies in gambling.
Still, there are plenty of reputable operators that attract players with appealing bonuses and a wide range of casino games. So, start looking for your crypto casino right here.
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