Introduction to Crypto Gambling

Crypto gambling is gaining traction because many online casino sites now accept Bitcoin and other gambling cryptocurrencies to gamble. Cryptocurrency gambling sites offer bonuses, varieties of games, and swift customer support. They also offer faster transactions, charge low fees, and keep players’ identities anonymous.

Crypto gambling involves using digital coins – Bitcoin, Ethereum, Litecoin, and more to gamble on online casino sites instead of using fiat currencies. Its transaction is fast, secure, and safe to use.

Want to become a crypto gambler? We’ve collected the best cryptocurrency gambling sites for you so that you can immediately enjoy
gambling without any hassle.

How Do We Rate Crypto Gambling Sites?

We understand that rating Bitcoin gambling sites may be a daunting task, especially if you’re a new player. However, to help you out, we’ve factored in some features and steps to rate our choice of casino sites. And you can use them to rate your gambling sites, too.

So, in this section of the article, we’re going to describe these features and steps for you.

Continue reading to learn more!

Security & Licensing

The first feature we’ve considered in rating our Bitcoin gambling site is security and licensing. Yes, we know that crypto gambling USA sites are generally secure and safer than most traditional gaming sites. But this doesn’t mean that all of them are trustworthy.

A credible site has proper security measures and is licensed by the appropriate gaming agencies. These agencies could include the UKGC, MGA, Curacao, and so on.

Lucky for you, all our rated online crypto casinos are secured and licensed. They also have additional security features including sophisticated encryption, a secure payment system, and two-step verification.

Website Design

Another feature that we’ve considered in our Bitcoin casino rating is the website design. Of course, you won’t like gambling on a site whose offered services are not curated, easily accessible, or has a poor interface.

We don’t like such sites, too. Which is the reason why all the enlisted casino sites in our article are well-designed. You’ll find every section that you need to navigate easily curated and access their services.

Customer Support

Many gamblers may get frustrated when they come across something ambiguous about the casino site during gambling. This might probably be connected with their eagerness to win and cash out their fund. So, when things like this happen, the first point of call of such a player would be the site’s customer service.

A reliable site must respond swiftly to a player’s response.

Lucky for you, all the enlisted crypto gambling sites in our article offer exceptional customer service. This trained personnel can help you in this situation by responding swiftly via common communication channels – email, live chats, and so on.

Bonuses & Promotions

It’s unarguable that crypto gambling sites offer bonuses and promotions to attract new customers and keep existing players. Among the most common incentives offered by crypto casino sites are welcome bonuses, no-deposit bonuses, deposit bonuses, free spins, and so on.

However, while these incentives might appear beneficial to players, sometimes, certain conditions such as surpassing a certain amount of earnings may be attached. Thus, if you fail to fulfil the site’s requirement for claiming rewards, you may be denied of claiming it.

How to Deposit and Withdraw with Cryptocurrency

Deposit and withdrawal of funds on crypto gambling sites are easy and faster. Follow the steps below to achieve that:

How to Deposit?

Open an online gaming account and go to the ‘cashier’ section of the website

The first thing you need to do before depositing on a Bitcoin site is to open an account there and head to the cashier section. This process is simple if the website’s design is excellent.

It shouldn’t also take you more than minutes, even if you’re new to the site.

Select ‘Crypto’ as your deposit method. The screen will provide you with a unique web address for your account

After the above step, the next is to select crypto as your choice of deposit. This is also easy and you’ll see your account web address displayed on the screen.

Go to your crypto wallet and input that address in the tab for sending crypto coins

Next is to go to your crypto wallet and enter the address for sending crypto coins. Your wallet will be used to store your coins.

The most commonly used wallet on crypto sites is Metamask, Coinbase Wallet, and Trust wallet.

Enter the amount and confirm your transaction

You haven’t finished yet; you’ll still have to input the amount that you wish to use to bet and confirm the transaction. Again, this shouldn’t take you more than a few minutes.

The funds will become available to use within a few minutes

Congratulations! The fund will be available in your account now.

How to withdraw?

Just as it’s easy to deposit money on gambling sites, so also it is to withdraw on them. Highlighted below are the steps to follow to withdraw your fund:

Go to the casino cashier

Head to the casino website and locate the cashier section.

Choose Cryptocurrency

After the above step, you’ll need to select cryptocurrency as your choice of withdrawal method. This is also easy and shouldn’t take you a breath to accomplish.

Generate the crypto wallet address

You’ll also need to generate a crypto wallet address to receive your fund from the gambling site when the process is successful.

Give the crypto address to the casino and check that everything meets their withdrawal requirements

You’re almost there. You’ll need to submit your crypto address to the casino site and check if all your submissions meet their requirements.

Make your withdrawal

Congratulations!!!!! You can now withdraw your money from the casino sites.

Note that withdrawal of money from the cryptocurrency gambling site will take you a few minutes.

Pros and Cons of Cryptocurrency

The enormous benefits that accompany virtual coins are the reason why gamblers love them. In this section of the article, we’re going to discuss the pros and cons of gambling with crypto.

Pros

Transactions are completed within minutes

One of the main benefits of using cryptocurrency for transactions compared to using conventional casinos is that it’s faster. This is so because virtual coins transaction doesn’t require any intermediary. Once you initiate a transaction, it’ll be effected immediately.

This is in contrast to the traditional method where you may be asked to first verify your transactions before approving them.

Full anonymity is possible

Are you the type that loves hiding your identity? If yes, you can’t avoid using cryptocurrency to transact and play games. Virtual coins can be used to deposit or withdraw as well as to play games without revealing your real identity.

This is possible because Bitcoin casino uses decentralized protocols that require no data from gamblers.

Crypto wallets exist in mobile app form

Crypto transactions are flexible because crypto wallets are available in mobile app form making it easier to access everywhere in the world once users are with their phones.

The most commonly used crypto wallets in cryptocurrency casinos are Metamask, Trustwallet, and more, and exist in mobile app form.

High-end security is provided by the crypto wallet

Crypto wallets provide high-end security to ensure players’ asset is secured and safe against hackers. Most wallets achieve this by implementing high SSL encryptions, two-factor verification, and using a secure payment system.

No transaction fees

Online gambling transaction using Bitcoin is low compared to using traditional payment methods. Most traditional payment methods – credit or debit cards will charge you 5% or more on any transaction. This is high compared to the low gas fee that Cryptos will charge you on your transaction.

Cons

Just as crypto gambling has many benefits, so also do they have some demerits. Read on to learn a few of them.

• Still a relatively new and untested currency: Because crypto gambling is new, some gamblers still don’t use it at casino sites because the currency has not been fully tested yet.
• Could be difficult to understand cryptocurrency for those who have never used it before: Bitcoin is still emerging, thus some gamblers who haven’t used it before may not understand how it works.
• Crypto value fluctuates with users and markets: Cryptocurrency is volatile, meaning its price is not stable. It could rise in the morning and fall the same evening. This is because virtual coins’ value depends on user approval and market spread.
• It is a digital currency and there is a small chance that some crypto coins may be lost if all key systems involved crash: Unlike the traditional casino, chances are that users may lose their cryptos if the system gets online crypto casino get crashed.

Other Gambling Cryptocurrencies

While Bitcoin and Ethereum are the most commonly used cryptocurrencies on crypto gambling sites, other cryptos can also be used. Most enlisted crypto casino sites in our list accept more than one cryptocurrency – three cryptos are the most common.

In this section, we’re going to describe the other most popular cryptocurrencies that are used in the Bitcoin casino sites for you.

• Bitcoin: This is the most accepted cryptocurrency on crypto gambling sites and accounts for about 40% of the crypto market. It uses the peer-to-peer (P2P) method, thus, requires no intermediaries.
• Ethereum: This is another popular crypto used by gambling sites. It was introduced as an alternative to Bitcoin due to its advancement. Ethereum operates using smart contracts, unlike Bitcoin. It accounts for about 19% of the crypto market.
• Bitcoin Cash: This is a fork of Bitcoin that was created in 2017. It also uses peer-to-peer networks among individuals.
• Litecoin: This is the silver to Bitcoin and operates using a less energy-intensive algorithm. It’s very fast and uses Scrypt technology. Litecoin has about 84 million total supply coins and a short coin bar.

Conclusion

Above is a comprehensive article that detailed what crypto casino is, how to choose one, and their pros and cons. The article also detailed how you can deposit and withdraw funds at the casino.

Ready to learn about Bitcoin gambling? Read this article to the end.

FAQs

Can I use Bitcoin to Fund my Online Casino Account?

Yes, you can use Bitcoin and other cryptocurrencies including Ethereum, Litecoin, and Dogecoin, among others to fund your account. However, we implore you to check the acceptable digital coins on the gambling site before buying one.

Is crypto gambling USA Safe?

Yes, it’s safe to gamble with cryptocurrency in some states in the United States, while some states forbid it.

How long does it take to withdraw my fund from casinos online?

On average, it won’t take you more than a few minutes before you can withdraw your cash from the online casino.

Is Crypto Transaction Free?

No, Bitcoin transactions aren’t free, you’ll have to pay for gas fees. However, these fees are low compared to using the traditional financial system to pay.