Introduction to Crypto Gambling

The concept of crypto gambling can be defined as wagering on the result of an event using cryptocurrencies as the currency for transactions. Cryptocurrency is a digital currency, an alternative form of payment created using encryption algorithms. Crypto gambling happens in an online casino where you can use cryptocurrencies to make deposits and withdrawals.

We have collected the best gambling sites available on the internet. This is to enable you to start enjoying crypto gambling immediately without the need to start surfing for suitable websites. Our list of best gambling sites also provides different terms and conditions to allow you flexibility when selecting an online casino.

How do we rate Crypto Gambling

The rating of gambling sites is how we check the different casinos we work with. All the gambling sites on the list were selected after a very strict review. We review our sites through the following checks.

Security & Licensing

We check the security and license of our gambling sites first because it is the most important so as not to put our customers at risk. Most Cryptocurrencies can be hacked or scammed, so we try as much as possible to protect you from these woes.

The licensing of a gambling site shows the credibility of the website. Gambling licenses are documents that provide legal backing. Licenses show a casino is a safe website, a safe website is one with an outstanding reputation and reviews. It’ll be licensed to operate in your country and you can transact your cryptocurrency on it.

Website Design

The user-friendliness of a gambling site is important when rating a crypto casino. A complicated website can cause stress to users. A good gambling site should be attractive, easy to navigate, and its services easily displayed. It should most importantly be easily understood so that users can easily make wagers and not lose money on options they do not understand.

A secured website will block out people from restricted regions. They will not be allowed to create accounts or make any transactions whatsoever.

Customer Support

When using a gambling site good customer support cannot be talked about enough. Humans are prone to mistakes, the website cannot cover all the needs of the users so good customer support is needed. A customer service that is readily available and attends to customers very fast. Gambling site customer service to respond to and ease players’ inquiries, especially new users. They will not face obstacles and can enjoy the game.

Bonuses & Promotions

Bonuses and promotions are advertisement tools used by gambling sites. They also serve other options, as rewards or to also help new players gain more experience with losing money on games. Many crypto-gambling sites that we included in our list offer different bonuses, these bonuses are meant for different situations.

There are four main types of online gambling bonuses:

Welcome or sign-up bonus:

This is a gift that each customer gets for signing up on a betting site. This is usually calculated by a percentage of your first deposit.

No deposit casino bonus:

This is a bonus you get without making a deposit.in most situations, It is only available to new customers.

Free spin Bonus:

This kind of bonus gives you a chance to win money without the risk of losing money. They are spins on a slot game that you can play without wagering any money. The free spins are usually between 10 to 15 spins.

Bonus Codes:

These codes are a group of alphabets and numbers that the user is required to input while registering.

How to deposit and withdraw with cryptocurrencies

Making deposits shows players are ready to start playing. It is easy and can be done in a few steps. Withdrawal is also done in a few easy steps because players gamble for the returns. Here are the steps.

How to deposit

• Open an online gaming account and go to the ‘cashier’ section of the website.
• Select ‘Crypto’ as your deposit method. The screen will provide you with a unique web address for your account.
• Go to your crypto wallet and input that address in the tab for sending crypto coins.
• Enter the amount and confirm your transaction.
• The funds will become available to use within a few minutes.

How to withdraw

• Go to the casino cashier.
• Choose Cryptocurrency.
• Generate the crypto wallet address.
• Give the crypto address to the casino and check that everything meets their withdrawal requirements.
• Make your withdrawal.

Advantages and Disadvantages of Cryptocurrencies Gambling

Due to the recent increase in the popularity of Crypto and crypto gambling, many people are venturing into Crypto gambling. We need to explain the pros and cons of Crypto gambling.

Pros

• Transactions are completed within minutes.
• Full anonymity is possible.
• Crypto wallets exist in mobile app form.
• The crypto wallet provides high-end security.
• No transaction fees.

Cons

• Still a relatively new and untested currency.
• Could be challenging to understand cryptocurrency for those who have never used it before.
• Crypto value fluctuates with users and markets.
• It is a digital currency and there is a small chance that some crypto coins may be lost if all key systems involved crash.
• Transactions on cryptocurrency cannot be easily traced.

Cryptocurrencies accepted in online gambling sites

These are the popular cryptocurrencies accepted on online gambling sites. They are the currencies used for transactions in crypto casinos. The main cryptocurrencies accepted in gambling sites are.

Bitcoin (BTC)

This is a cryptocurrency, a virtual currency designed to act as money and a form of payment outside the control of any one person, group, or entity, thus removing the need for third-party involvement in financial transactions. It started on 3rd January 2009. BTC is the leading cryptocurrency.

Ethereum (ETH)

This is a decentralized, open-source blockchain with smart contract functionality. Ether is the native cryptocurrency of the platform. ETH was 30 July 2015.

Litecoin (LTC)

Litecoin (LTC) is a peer-to-peer cryptocurrency that was set up by Charlie Lee (a former Google employee) in 2011. It shares many similarities with bitcoin and is based on bitcoin’s source code. Litecoin was designed to be used for cheaper transactions.

Other cryptocurrencies accepted are Bitcoin Cash, Dogecoin, Ripple, Tether, Dash, etc.

FAQ:

We are providing answers to frequently asked questions. These questions and answers are meant to address issues new users come across.

Can I fund my online casino account with crypto coins?

Of course, you can fund your online account with crypto coins. Some casinos accept crypto alongside normal currency. Crypto gambling USA is becoming very popular these days. As long as the online casino accepts the kind of crypto coins you possess.

Is Cryptocurrency safe to use?

Cryptocurrency like all forms of investment is subjected to a level of risk. Cryptography is generally secure. Crypto wallets are very safe but, scams, hacks, and bugs can cause one to lose his investments. Also, the technical complexity of using and storing crypto assets can be a major hazard to new users. Other risks of cryptocurrency include its volatility and the lack of regulation surrounding it.

How fast are crypto transactions with casinos online?

The speed of crypto transactions(deposit and withdrawal) depends on different factors. Cryptocurrency translation can take as little as 10 minutes to as much as 1 hour. As long as the address input is correct the transaction will be successful in a jiffy.

Will there be any fees for crypto transactions?

Extra fees on crypto transactions depend on your wallet. Some transactions might be free, but it all boils down to the blockchain Coinbase charging a fee between 0.5% and 4.5% of the amount transacted, while Crypto.com’s fee ranges from 0% up to 2.99%.