CRYPTOCURRENCY CASINOS

If you’re new to crypto gambling, the process might seem complex at first. But don’t worry, it’s easier than it looks. Once you understand how cryptocurrencies and wallets associated with these currencies work, joining a crypto casino becomes a piece of cake.

Below, we’ll start from the beginning: we’ll first break down the fundamentals of blockchain technology and then switch to account creation, bonuses, wallets, and the rest.

What Are Cryptocurrency Casinos?

Cryptocurrency casinos are online gambling platforms that accept digital currencies instead of traditional money. Players use crypto wallets to deposit and withdraw coins, often without the need for bank verification or lengthy processing times. Many crypto casinos also feature provably fair games, meaning the fairness of every spin or card draw can be independently verified using blockchain data.

This innovation has changed how players think about trust and transparency in gambling. They are often considered a controversial topic, as not all crypto gambling operators are transparent and trustworthy. That is why it is important to play only at casinos that have reputable licenses (one or more, if possible) and apply strong security measures and encryption to protect data and players’ privacy.

Blockchain Explained

The foundation of all cryptocurrency casinos is blockchain. Blockchain is a decentralized ledger that records every transaction in a secure way, very transparently. It’s all public, so there’s no way to ‘cheat’ in blockchain. Therefore, it’s top-level safe in that sense.

In simple terms, blockchain eliminates the need for banks or intermediaries, aand that’s precisely what decentralized means. There is no central financial institution that is responsible for the funds. Instead, it’s all on a peer-to-peer basis, as all payments are made thanks to the associated parties, they are all verifiable and nearly impossible to alter.

For casino players, this means faster deposits, verifiable fairness, and reduced risk of fraud.

Bitcoin Casinos & Altcoin Casinos

Crypto payments became popular thanks to Bitcoin. Bitcoin is the first cryptocurrency that became mainstream in a relatively short period, but thanks to its unstable status, incited a lot of talk and discussions about the safety of using these in casinos.

Today, Bitcoin remains the most commonly accepted cryptocurrency, and one of the favorite ones when it comes to gaming, with hundreds of BTC casinos sprouting each year.

And even though it was very popular for a good while, many newer online casinos offer variety, as they also support Ethereum, Litecoin, TRON, Tether, and others.

And these altcoin casinos – casinos with multi-coin support other than Bitcoin – allow players to choose between faster transactions, lower fees, or stable-value coins for consistent bankroll management.

Some casinos even offer dedicated bonuses or special games for specific coins, making the experience more flexible for crypto users. Different cryptocurrencies may unlock unique bonuses or conditions for the players.

• Bitcoin Casinos: Often have the largest welcome bonuses and promotions, and they are the most common.
• Ethereum Casinos: Popular for faster transactions and DeFi integrations, and Ethereum became the second-most popular coin and platform.
• Litecoin Casinos: The second cryptocurrency to be invented was meant as the cost-efficient replacement for BTC, with low fees and smaller, frequent bonuses.

You can explore our deposit and withdrawal guides to discover other cryptocurrencies such as Binance, Ripple, and others.

Cryptocurrency Coin Heatmap: Understanding the Value of Crypto

Crypto is growing. And Bitcoin is far from being the only coin out there. In order to help you understand crypto better, here’s TradingView’s Crypto Markets table which shows the big picture of crypto trading – coin values, market share, most recent performance, and more.

Legality: Are Crypto Casinos Legal?

The legal aspect is a major issue for these brands. In fact, it’s a bit complicated because the legal status is not the same in every market and instead depends on the country.  Some jurisdictions, such as Curaçao, Malta, Comoros and Anjouan, regulate crypto gambling under specific licensing frameworks. In other regions, regulations are still in development as the governing bodies are trying to formulate a framework that could encompass the entirety of blockchain-gaming. That is why you will not find any cryptocurrency gambling site in some markets, while sites with specific licenses work in a number of countries.

Before signing up, players should always verify whether crypto gambling is permitted in their jurisdiction. Licensed casinos are always the safest option, as they have to comply with international standards for fairness and player protection to maintain the license. Going with rogue sites can potentially open up problems no player wants to face ever.

Responsible Crypto Gambling

Cryptocurrency’s volatility highlights the importance of responsible gaming even more.

It’s simple: when you are dealing with something that’s profoundly unpredictable, it’s important to keep some limits in place to avoid getting in danger or hurt.

Players should always set limits for time and money spent at casinos and try to avoid playing when the market conditions for the chosen coin are unstable.

Thankfully, trusted venues offer an array of in-app responsible tools aimed at protecting the players from the dangers of gambling. These tools include self-exclusion tools, deposit limits, and time reminders to help players stay in control.

Crypt-friendly gambling sites are faster and better at providing security and privacy to the players. However, the regulations are often complex and in grey zones, so they offer less protection that traditional gambling sites.