Updated on: January 11th, 2024
Cryptocurrency casino sites are the latest way to play at casinos online. They combine the anonymity and convenience of cryptocurrency with the ease of access and handiness of casino websites.
Cryptocurrency (or crypto) is a digital currency that uses encryption technology to create new units of currency and verify the transfer of online funds. It uses a blockchain – a public ledger – to keep track of payments using virtual currency. So, whenever a payment is made using cryptocurrency coins, the transaction is added to the public ledger. And because these “blocks of payments” are added in chronological linear order, the ledger can’t be manipulated. This is what makes using cryptocurrency safe.
So, in our guide to using a crypto casino, we’ll be looking at banking on cryptocurrency casino sites, the best coins to use when crypto gambling, some pros, and cons that come with a crypto casino, and a brief look at the evolution of cryptocurrency.
Casinos that Accept Cryptocurrency 2024
Choosing a Crypto Casino
When looking for a cryptocurrency online casino, consider the following. If the crypto casino that you’re looking at answers these questions, then you’ve found a great site.
- How many cryptocurrencies does the casino support?
- What kind of crypto casino bonuses does the site have?
- Are there any games that don’t accept cryptocurrency?
- What are the limits on crypto deposits?
- What are the withdrawal limits on cryptocurrencies?
Using the Online Casino Cryptocurrency Banking
When playing at an online casino, using cryptocurrency comes with its own processes and procedures. Once you’ve chosen an exchange and wallet where you’ll store your crypto coins, making a crypto deposit and withdrawal is simple and fast. Just remember to check which coin type the cryptocurrency online casino accepts and whether or not you can withdraw your winnings in that currency.
Crypto Deposit
When you want to make a crypto deposit at a casino online, use the following steps:
- Crypto Deposit Step 1: Buy your preferred cryptocurrency, using your debit or checking account.
- Crypto Deposit Step 2: Select a cryptocurrency wallet. These act as the storage unit for your crypto coins.
- Deposit Step 3: Click on ‘join’ or ‘register’ to create an account at your favorite casino site.
- Crypto Deposit Step 4: Go to the cashier page and select the relevant cryptocurrency and the crypto wallet you prefer to make a deposit. Make the deposit and remember to redeem the welcome bonus for some extra cash.
- Crypto Deposit Step 5: From the game’s library, pick a game you want to play. Click on the real money mode to win real cash or alternatively, play in demo mode to test out the game for free.
Crypto Withdrawal
Once you’ve made some winnings and are ready to withdraw, use the following steps:
- Crypto Withdrawal Step 1: Make sure you’ve met all the wagering requirements for any bonus offers you’ve accepted. Wagering requirements basically dictate the amount of times you have to bet a bonus before you can withdraw it.
- Crypto Withdrawals Step 2: Then, go to the cashier section of the crypto casino to make a withdrawal. Select the cryptocurrency withdrawal method, add the amount you want to withdraw, and verify the cashout.
- Withdrawal Step 3: Because using cryptocurrency has an almost immediate processing time or up to one day, US players should find their winnings in their cryptocurrency wallet. To convert your crypto coins to traditional money, sell them on the crypto exchange. You can then deposit this money into your bank account.
Best Gambling Cryptocurrency Coins at a Crypto Casino
There are a number of options out there that can be considered the best gambling cryptocurrency coins at a crypto casino. The ones that tend to be the most popular have established blockchains. Let’s take a look at the top online casino cryptocurrency for USA players.
Bitcoin: this was the first cryptocurrency created and it changed the game. Most online casinos accept this form of crypto and it’s very safe, secure, and fast.
Deposit Limits | $20 to $25,000 |
Withdrawal Limits | $20 to $10,000 |
Transaction Fees | None |
Deposit Process Time | Usually a few minutes; max 2 hours |
Withdrawal Process Time | Usually an hour; max 24 hours |
Read more about Bitcoin casinos.
Bitcoin Cash: the spilt in 2017 resulted in the creation of Bitcoin Cash. It was designed to give the Bitcoin blockchain more room for growth. Bitcoin Cash is also much cheaper than traditional Bitcoin. However, it still has the same safety, speed, and privacy as Bitcoin. Furthermore, with a larger blocksize than Bitcoin, Bitcoin Cash transactions are much quicker.
Deposit Limits | $20 to $25,000 |
Withdrawal Limits | $20 to $10,000 |
Transaction Fees | None |
Deposit Process Time | Usually a few minutes; max 2 hours |
Withdrawal Process Time | Usually an hour; max 24 hours |
Dash
Dash: launched six years after bitcoin, Dash emerged as a faster payment method. Its main purpose is to create more private online transactions. So, US players concerned with privacy while gambling online should consider using Dash.
Deposit Limits | $20 to $25,000 |
Withdrawal Limits | $20 to $10,000 |
Transaction Fees | None |
Deposit Process Time | Usually a few minutes; max 2 hours |
Withdrawal Process Time | Usually an hour; max 24 hours |
Ethereum: This type of crypto is very different from other brands. Ethereum works more like a cryptographic token, which is used as both a digital currency and a way to run applications (and monetize work) on Ethereum platforms.
Deposit Limits | $20 to $25,000 |
Withdrawal Limits | $20 to $10,000 |
Transaction Fees | None |
Deposit Process Time | Usually a few minutes; max 2 hours |
Withdrawal Process Time | Usually an hour; max 24 hours |
Litecoin: Litecoin was the second major cryptocurrency to come along after Bitcoin. It was marketed as a faster and better alternative to Bitcoin. Litecoin’s blockchain is four times bigger, making it much faster with a greater potential for growth.
Deposit Limits | $20 to $25,000 |
Withdrawal Limits | $20 to $10,000 |
Transaction Fees | None |
Deposit Process Time | Usually a few minutes; max 2 hours |
Withdrawal Process Time | Usually an hour; max 24 hours |
Other Crypto Gambling Coins
Other crypto gambling coins out there for US players include:
- 0x
- Dogecoin
- Monero
- NEO
- NEM
- Novacoin
- Ripple
- Stratis
- Zcash
Cryptocurrency Online Casino Advantages
Here are some cryptocurrency online casino advantages to consider:
- Safe and anonymous deposits.
- Payments clear faster than traditional payment methods.
- The limits on crypto deposits and withdrawals are much higher.
- Did we mention that you don’t have to exchange any of your banking information with the crypto casino?
- Even though your details remain private, there’s greater transparency because of the public blockchain.
Cryptocurrency Online Casino Disadvantages
As great as cryptocurrency casino sites are, there are some disadvantages to consider:
- Cryptocurrency online casino sites don’t have to be licensed by a certain jurisdiction.
- While Bitcoin may be a popular option, it’s hard to find crypto casinos that accept other lesser-known crypto coins.
- The exchange rate on cryptocurrencies can be volatile.
Cryptocurrency Casino Sites FAQs
What is crypto casino?
A crypto casino is an online casino site that accepts some forms (if not all forms) of crypto coins. So, instead of using traditional money for your real money gaming, you can use cryptos like Bitcoin, Ethereum, and Litecoin to name a few.
Is cryptocurrency safe?
Yes. In fact, cryptocurrency transactions are the safest. Every time a crypto deposit or withdrawal is made, the transaction is added to the blockchain, which provides transparency. Each new transaction also generates a new password for your virtual currency wallet. Therefore, an identity thief cannot steal your information.
Can you make deposits and withdrawals at online casinos using cryptocurrency?
Yes, there are a growing number of online casinos that support one or more cryptocurrency payments. Some even exclusively use Bitcoin and other virtual currencies. Most world-class online casinos offer a wide range of payment methods, such as cryptocurrencies, credit cards, debit cards, web wallets, e-vouchers, and bank transfers. The sites we recommend have many payment options that include cryptocurrencies.
Are there any fees involved with cryptocurrencies at gambling sites?
No, there aren’t any fees. Bitcoin, Litecoin, Dash, Ethereum, and Bitcoin Cash do not charge fees for deposits or withdrawals.
How long have online casinos been accepting crypto payments?
After the first cryptocurrency was launched in 2009, online casinos began accepting Bitcoin deposits and withdrawals a year later. At first, the sites that accepted Bitcoin payments were designed specifically for the purpose. They were often not unknown, existing on the Dark Web.
As the years went on, cryptocurrency has become mainstream. Legitimate online casinos began accepting Bitcoin as a payment method. More cryptocurrencies launched and gained acceptance in the mainstream online gambling industry. As of 2019, the biggest and most trusted online gambling sites now accept crypto payments.
Is it legal to engage in cryptocurrency betting?
Yes, it’s legal to engage in cryptocurrency betting. US players can use cryptocurrencies to place bets and gamble at their favorite sites.
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