AUSTRALIAN DOLLAR (AUD)
Australia is one of the most prominent markets in iGaming. Although the continent might be down unde...
An often overlooked detail in online casino gaming is the currency that you play with. That’s because players – but also guides and experts – are more focused on the choice of banking service and all of its facets, rather than the currency itself.
And while yes, the payment choice is very important, it’s also good to understand how the currency can affect your gaming experience. With this guide, we hope to help you by shedding light on all the little details surrounding currency choices. For instance, exchange rates, conversion fees, restrictions for individual markets, multi-currency versus single-currency gaming, and even switching between different currencies.
We will start by listing most commonly accepted currencies at casinos. With each currency, you can explore a long list of recommended casinos that accept the corresponding currency.
We will also list the factors to consider when picking a currency and a casino, discuss local currencies, and take a dive into crypto gambling. If you are considering the switch to crypto gambling, be sure to first check out our guide to cryptocurrency casinos.
When picking the currency and casino to match it, pay attention to the following factors.
Explore the most common currencies used at online casinos and discover their top-rated casinos. Browse online casinos by currency – be it fiat like EUR or USD or digital such as LTC and BTC. Find the most frequent currencies and find where top-rated venues where they can be used.
Gambling websites cater to millions of players that often hail from different parts of the world. That said, it’s important that the offer and service on-site matches the policy of the brand, which for international casinos means only one – lots of variety in games, bonuses, and banking. And that goes beyond simply having lots of deposit and withdrawal options.
A key piece of the banking puzzle is the currency offer. Accepted currencies at casinos may include anything from one to dozens of fiat and digital currencies. From EUR, USD, and CAD to AUD, PLN, HUF and INR, or from BTC and LTC to ETH, XRP, TRX, and ADA, the options are nearly inexhaustible – but only if you know where and how to look for them.
To make it easier for you, we categorized all online casinos based on the most used currencies. Browse them and locate the one that suits you best. Once you do that, click to find out more information about it as well as discover the prestigious venues where you can play with the currency of your choice. We carefully selected a handful of digital casinos that tick all our boxes and are the best representative of your local currency.
Here are some of the things that you have to face when you start thinking about currencies.
When you first join an online casino, you are offered a choice in which currency you want to place your first deposit. Sometimes it’s highlighted, other times it’s just assumed, but casinos tend to consider the currency you used for the deposit as your default currency. And in some cases, the default currency cannot be changed.
Ideally, you wouldn’t see this as any kind of issue. However, if you wanted some other currency as your default currency but realized the mistake only after the registration, it might be too late to change things. But even if it’s not too late, it’s definitely going to create a mountain of work and issues to work through.
Here’s just a glimpse of what you might face if you don’t pay attention to the default currency you are using when registering.
First of all, if you select a currency that is not your local currency (used in your country of residence) you are very likely going to have to go through currency exchange. The funds will be converted from your chosen currency into your local (because your account is probably in your local currency).
Besides the exchange rate – which fluctuate each day – there’s also the question of currency conversion rates. Conversion often comes with a fee, not only at the casino but also from the banking service you used to transfer the money.
There’s also the question of single and multi-currency casinos. Single-currency casinos are online casinos that support only one currency (and as they’re most often US casinos, the currency is typically the USD – even at crypto-friendly casinos).
On the other hand, multi-currency casinos are operators that offer more than two currencies to their players. Still, there’s a catch – once chosen, the used currency becomes the default option and it’s no longer possible to change it later on. And even if the casino allows you to change the currency, you are probably going to be allowed to change it only once.
Another thing that we must warn players to think about are limits. Newly registered players face limits for a number of things: starting with minimum and maximum deposits/withdrawals, then limits for daily and weekly transactions, etc. Before registering, players are advised to inquire about all kinds of limits, especially for their chosen payment service.
Finally, it’s not too common but some currencies cannot be used with certain banking methods. Although modern services such as PayPal and similar e-wallets support dozens of currencies, you might encounter restrictions. Simply, they might not work in some countries, or for some bonuses, or with specific currencies in select markets. You should be able to find all these details at the casino.
Cryptocurrency has been a hot topic for years, mostly because of its insane potential and volatile nature. Bitcoin, as the pioneering digital coin, still makes waves in the crypto world. But today we have more than just Bitcoin in online casinos. You can explore a variety of crypto payment methods, from Ethereum to Dogecoin and Tether.
Proof that crypto is growing is found in a number of ways, including by comparing market capitalization by coin. Here’s TradingView’s overview of all major crypto markets where you can view market caps, coin values, remaining coins in circulation, and more.
Players today have a wide variety of currencies to choose from when playing online. Sites allow you to use a variety of payments perfect for deposits and withdrawals.
But because most players enjoy playing in local currency, it’s important to establish whether the casino accepts your native currency. If not, you’d need to make a decision as to which currency to use, since you are very likely facing exchange rates and fees.
Top 5 Fiat Currency Options
Here are the most common currencies at casinos online. We’ll first take a look at fiat currencies and then switch to digital currencies (otherwise known as cryptocurrencies).
The most popular fiat currency options are, among others, USD, EUR, GBP, CAD, and AUD. Sites also very frequently feature NOK, SEK, CHF, NZD, and JPY.
This is the most common currency found at US casinos. It’s popular globally, so international casinos that aren’t focused solely on the US market use it. However, for players from American markets, it’s the native currency. It’s not odd to see casinos with a single-currency policy offering only USD to their players.
The second-most popular and used currency around the world. EUR is a currency that is used by all countries that are part of the EU, which means it’s the native (local) currency in most of Europe. Single-currency EU sites are rare – but they do exist of course – but it’s way more common to see European sites with many options.
UK’s native currency is a strong one, and a very popular one. Players in the UK, one of the strictest gambling markets in the world, set it as the default option at their preferred gambling sites. It’s often associated with high-stake gambling, but the UKGC (UK’s regulator) is busy imposing betting limits for wagers in GBP.
Canada is a major and very important gambling market. It’s growing every year, and with the expansion that’s been going on for a while, there’s a surplus of casinos offering primarily CAD payments. But thankfully, most CA casinos are also international, so you can play casino games using other fiat currencies, not just CAD.
And finally, the third type of Dollar on this list is the AUD, the third-most popular dollar currency that you can find at gambling sites. Australian gambling laws are complicated, but that does not stop punters from seeking foreign-based gambling sites and joining them to play. Those sites support AUD.
The industry’s prestigious online casinos that care about their players aim to please them every way they can. That means that they offer variety in everything – games, banking, bonuses, you name it.
Here’s a list of tips that might help you with choosing which currency to play with, if you are confused between your native and the casinos’ default one.
Picking a currency and banking method is as equally as important as choosing the games (if not more). However, the very start of that process begins with a choice of online casino. Here’s a helpful guide to picking the best casino that supports your local currency.
If you are looking to switch from traditional gambling and payments to something a bit more advance and digital, you should try crypto. Cryptocurrency is a sensitive topic in tech and fintech circles, mostly because cryptocurrency values fluctuate more than regular assets.
Still, they’re very popular. The most common options found at casinos include Bitcoin, Litecoin, Ethereum and Ripple. You can also find lots of sites supporting Binance Coin, Solana, Dogecoin, and Cardano.
The very first crypto coin found in the world, it’s the most famous and most used crypto option at gambling sites. In fact, many casinos offer only BTC to their players, but there’s a host of newer sites that support dozens of coins. BTC is responsible for all the fame that crypto has gotten – it’s the first option, and for a while, it was the only crypto option for gamblers. Although we today have many other options, this is the OG.
The second-most popular option is Ethereum. ETH is the coin that works on the Ethereum platform, but truth be told, Ethereum is more than just a cryptocurrency. It’s an entire ecosystem, a platform where you can build your apps and explore a variety of blockchain networks. Getting, earning, or buying ETH is very simple and easy, but it’s more suitable for tech-savvy players than amateurs unfamiliar with blockchain.
Litecoin was created soon after Bitcoin as a way to counteract the disadvantages Bitcoin offered. It’s the antithesis to Bitcoin. It’s easier to use and was intended as a coin whose value is far more stable than that of BTC. And that’s why the value is generally lower than for BTC. Still, it’s very popular at casinos worldwide, but more recent coins are more used today than LTC. Still, you can browse hundreds of LTC casinos.
Tether is a cryptocurrency like BTC and ETH, but it’s also a bit more unique than that. Tether is also a stablecoin, which means its value is stabler than most other digital coins. It’s connected to the USD. Being pegged to the US dollar means its value is more or less the same always, even though it may fluctuate a bit during the day. It’s a concept launched in 2014 to see how fiat currencies would behave digitally.
Finally, our fifth and final popular crypto coin is XRP, which is the coin known as Ripple. According to the official website, Ripple wants a world without economic borders, and they plan on making that happen through blockchain. There’s a variety of Ripple casinos out there, and even though the value of Ripple does not go higher than Tether, it’s a popular choice for online gamblers looking for new coins.
Another important step before you start depositing and withdrawing is choosing the right banking service. Banking options vary from casino to casino, but nowadays it’s not difficult to find casinos with plenty of choices.
However, not all banking options are compatible with all currencies. Sometimes, due to regulations, some payment methods do not support local currencies. For example, using cryptocurrency requires the use of crypto wallets, as it’s impossible to deposit/withdraws with BTC or similar digital currencies with regular banking services. For that purpose, you will need a certain crypto wallet. Luckily, most crypto-wallets support multiple currencies, so you’re less likely to encounter issues when picking the right wallet for your digital assets. Similarly, if you are from the UK, you will not be able to join crypto sites, but you will be offered a variety of safe payment services that support your local currency (GBP).
In general, when selecting a payment service based on currency, players are advised to go for international fintech platforms (such as Revolut) because they feature low fees for exchange rates. Similarly, cards (Visa or Mastercard) are also recommended because they are very convenient and support most currencies. One thing you should keep in mind is that it’s always better to pay in local currency when paying at foreign platform (casino with a different currency).
The benefits of choosing your local currency are abundant. Not only is it convenient, but it is also great from an economic viewpoint. With foreign currencies, you will undoubtedly encounter a line of conversion fees. Hence, to avoid paying extra to a casino just for converting your currency to the foreign, find a venue that supports your local one. However, it is not rare to encounter a casino that doesn’t offer you that possibility. In that case, we strongly recommend opting for one of the major world currencies, such as USD or EUR. As most online casinos operate with these forms of payment, you will be able to play without any hassle if you opt for this kind of service.
Bear in mind that sometimes, local market currencies might be fixed. This means that, if you are residing in Canada but prefer to pay in USD, that option might not be available to you despite the casino offering it. The reason this occurs is that some casinos generate bonuses based on markets and currencies. This prevents users from utilizing anything other than their native currency.
As one of our team’s dedicated casino writers, Luka is behind some of the reviews, guides, and casino info you’ll see across the site. His passion for all things gaming and years of experience as a writer ensure critical but fair viewpoints on the best (and worst) the casino industry has to offer.