Top 10 Cryptocurrency Casinos

Online cryptocurrency casinos platforms have become a widespread phenomenon in the online gambling industry, and more and more people are using them over traditional ones. Many online casinos that accept cryptocurrency as their form of payment are out there, and hence, more users are getting dragged towards these platforms since they are so easy. With the help of this article, we aim to find the best online casino cryptocurrency platform out there and let our users know everything about these platforms, from their bright sides to their negatives.

Stake

5/5
$75k Weekly Raffle

7bitcasino

5/5
325% up to 5400 EUR + 250 FS

Mbitcasino

5/5
100% deposit bonus up to 4 BTC + 325 Free Spins

Bitplay.ag

5/5
Get a 100% On your First Deposit Bonus + $5 Free Play

Cloudbet

5/5
Welcome Bonus up to 5 BTC

Thunderpick

5/5
Claim Your 100% Deposit Bonus up to €600

BC.GAME

5/5
Get Reward to to $20,000

BitCasino

5/5
Cashback up to 25000 USDT

Trust Dice

5/5
Welcome Bonus up to 3 BTC

Sportsbet.io

5/5
Win up to 100,000 USDT every week

Bspin

5/5
100% fair bonus up to 1,000,000 μBTC + 20 free spins

BitStarz

5/5
1st Deposit Bonus 100% up to 5 BTC + 180 Free Spins

Online cryptocurrency casinos

What are online Cryptocurrency casinos?

Online cryptocurrency casinos are digital platforms that use cryptocurrency as their main mode of payment for transactions. These platforms are the future of online gambling and have made gamblers’ lives easier. Users who spend their time and money via online casino cryptocurrency platforms seem to be satisfied. 

First, an online crypto casino is famous for its anonymity and privacy features. When it comes to traditional gambling, people have to provide a lot of personal information before they can be allowed to play on the casino platform of their choice. This information could include sharing their own identity or house address.  In a crypto casino, all individuals have to give to the casino platform is their cryptocurrency wallet address, which they will create to transfer funds into and out. Apart from that, the players are required to provide an email address.

This makes the users’ lives very easy, and they do not have to get into endless verification battles.  Since privacy is one of the unique selling points of a crypto casino, it attracts many people who want to keep their information private on the platform. Bonuses are the next big thing. The bonuses offered by crypto casino platforms are pretty hefty, and a new player can make a lot of money from that.  Especially the sign-up bonus, which is heavily advertised on these crypto casino platforms. On average, the casino promotes a sign-up bonus like a 100% to 200% matched deposit, which can go up to $1000.

These promotions are divided into various stages; hence, players collect them from time to time, and they would have to make the minimum deposits every time to avail themselves of these bonuses.  This is not the only bonus available on a crypto casino platform. Other bonuses include the VIP program, which helps players gain XP points, with which they can aim to win further rewards in the game. Then, there are cashback bonuses that offer some return to the player. Free spins and reload bonuses are also available.  A crypto casino platform also uses provably fair techniques, making sure the users know that the platform believes in fairness and equality.

A third party reviews the games and they provide the software.  The more a person is attracted to a crypto casino, the more they will be attracted to it because it has a vast arsenal of casinos available on its platform, from crash games to live dealer games. The favourite online slots are different variations of tabletop games. Also, a lot of the population is interested in sports, so having a sportsbook will only bring more people in year-round, as there are major sporting events all year. 

The anonymity and safety of these crypto casino transactions are next-level. With traditional casinos, the time taken while withdrawing is also higher, especially if an individual opts for a bank transfer, as it might take two to four days to process the money into the user’s account.  In many cases, they are better than traditional casinos as not only do their transactions take place quicker, but they are also cost-effective for users who make frequent transactions and those whose transactions are small in number. 

Cryptocurrencies have different currencies however, the most popular ones found in almost every crypto casino platform are Litecoin, Bitcoin and Ethereum. Many other currencies exist, such as Dogecoin, Bitcoin Cash, Ripple, Tether, Cardano, and Binance. 

How it works?

The workings of a crypto casino are just like those of an average casino platform. The only significant difference is that they accept cryptocurrency casino payments. Other differences that can be seen in the workings of a crypto casino could be how users create a cryptocurrency wallet to deposit and withdraw money from these casino platforms.  Users must give their details to the casino platform because they will use that wallet for their transactions. Once that is done, the same thing can be done at the withdrawal time, and users will get their money back.

How Do Crypto Transactions Work?

Crypto transactions are complex, but that is only to safeguard the payment. For starters, all users have to set up their crypto wallet. Now, for that, they would require a digital wallet. There are digital wallet software applications as well as hardware devices. There even is a paper wallet in existence. Every wallet has its unique address, which is in alphanumeric characters. 

Whenever users want to send or receive money, they can initiate the transaction. In that case, they would have to give the casino platform their wallet address and then add the cryptocurrency they want to withdraw or deposit. These transaction details, consisting of the recipients’ and senders’ wallet addresses, are stored in a transaction message alongside a timestamp.  To further ensure the transaction’s legitimacy, it has a digital signature and it uses the sender’s private key.

This shows that the sender has cryptographic proof and is authorised to give the funds to them.  After the signature is done, the transaction appears on the cryptocurrency network, which involves the nodes. Every node gets all the transactions from other nodes. Then, the node verifies the transaction by reviewing the sender’s amount and determining whether their signature is right. These checks prevent the fault of double-sending the cryptocurrency and also see if they have the proper funds to do the transaction. 

Then, miners collect valid transactions. The cryptocurrency the user chooses is used for a consensus mechanism. The first miners to do this are given transaction fees and cryptocurrency units. After the block is mined, it is added to the blockchain.  Some challenges these crypto transactions face include volatility since the currency fluctuates widely. Chances of irreversibility since it cannot be reversed once a payment has been made.  However, the advantages of these crypto transactions outweigh the disadvantages, so many people prefer them. We will discuss the positives below. 

Why Use Crypto for Gambling?

Even after learning about the benefits of cryptocurrency, many people still wonder why they should use it for gambling. So, let us look at what makes this gambling favourable: the privacy and anonymity feature. All users get to gamble on these platforms without having to share much about themselves on the casino platform.  All transactions on the platform are anonymous, so they do not need further identity verification. This also gives players the chance to gamble anonymously.

Further, all transactions are fast and relatively quicker, and there are also no delays on the end of the bank.  No intermediary fees are attached to these transactions, and users get away with lower costs. Another positive of this currency type is that it is globally accessible since a banking system or any country does not tie it. Users can hope to save time since they would not have to go through the currency exchange process.  Users also face increased security with these cryptocurrency transactions, which makes them foolproof to hacking and fraud. All users also have full hold on their funds, so they can freeze or block their transactions. These platforms also imply the provably fair gaming technique, which means all games are fair and create user trust. 

All of the results of these games and all the transactions done on the blockchain are recorded. Players can also pursue great rewards on these cryptocurrency casino sites, such as the welcome bonus, free spins, no deposit bonus, cashback bonus, etc.  Only some of these crypto casino platforms work on a decentralised system, giving them a single entity of trust that goes around various network nodes. Some platforms also get governance models responsible for the casino’s development. 

Benefits and Risks

There are many benefits and risks associated with a crypto casino, and a player needs to learn about them before proceeding. So, without wasting time, let us know about these positives and negatives. 

Let us learn about the risks that come with these transactions.

Cryptocurrency casino

How to Choose the Right Cryptocurrency Casino

Selecting the right cryptocurrency casino is an important task to do so hence there are certain points that users can focus upon.

Most popular cryptocurrency casino

Most Popular Cryptocurrency used by online casinos

Now although there are so many different kinds of cryptocurrencies out there however there are a few which are popular in the market and are found in most of the casinos. So let us look at these popular forms of cryptocurrencies.

FAQs

Various cryptocurrencies are accepted online, including Bitcoin, Bitcoin Cash, Ripple, Cardano, Binance, Tether, Litecoin, Dogecoin, Ethereum, and many others.

To deposit money, users must go to the deposit section, choose their cryptocurrency, and then provide their wallet address and enter the amount. With withdrawal, they have to request a withdrawal and then provide their wallet address.

Yes, there are loads of bonuses on the platform, such as a welcome bonus, reload bonus, cashback bonus, and free spins.

If any user sends the wrong amount, they should try to contact the casino platform immediately; however, most likely, the transactions on cryptocurrency are irreversible.

Yes, most casino platforms allow that; however, some may refuse. Hence, it is crucial to check the policies beforehand.