Five years ago, cryptocurrencies were mainly a reserve for geeks, professional traders and libertarians—people who believe in autonomy and are sceptical of governments. These days, crypto is everyone’s playground, from amateur traders to billionaires.
Due to this, Bitcoin and altcoins have gained massive adoption, becoming legal payment methods at gas stations, coffee shops and online casinos. In this guide, we’ll focus on crypto casinos—all you need to know.
We are ardent crypto fans. But more importantly, we spend tons of hours playing at different crypto casinos to find the right fit. That said, below is our criteria for reviewing crypto casinos.
Licensing, Security, and Trustworthiness
Crypto casinos come in two types: Regular casinos that accept Bitcoin and altcoins as payment methods. Then there are exclusive crypto casinos with games built on the blockchain. The first type also accepts fiat payments through e-wallets, credit cards and bank transfer.
What’s more, they’re licensed by regulators like the UK Gambling Commission, the MGA in Malta, Curacao, DGE in New Jersey and PGCB in Pennsylvania. Casinos whose games are based on blockchain don’t always acquire licensing.
But that’s not to say they’re unsafe. The blockchain is immutable and decentralized meaning it would take massive resources to bring it down. And even if hacked, it would be impossible to erase its data. In other words, blockchain is safe.
Many licensed casinos must provide secure websites. They require SSL encryption to protect user data and privacy policies to explain how they use this data. Some casinos take an extra mile to invite independent auditors who verify their games to prove they’re fair. This is all done to increase trust with players.
- Bitcoin (BTC)
With a market domination of over 60%, there’s no surprise Bitcoin is the most popular cryptocurrency in the world. It’s also the most accepted digital currency at online casinos. But make no mistake, crypto gambling sites accept a wealth of altcoins for deposits and withdrawals. Below are some of them.
- Ethereum (ETH)
Often considered Bitcoin’s biggest competitor, Ethereum is a cryptocurrency built on a blockchain that helps developers create decentralized apps. In other words, it’s not like Bitcoin. BTC was designed for payments. Ethereum helps people create banks, video games, casino games, streaming networks and virtually anything that runs on the Internet.
- Bitcoin Cash (BCH)
Bitcoin Cash is the result of people getting frustrated by Bitcoin’s scalability issues. To provide a solution, they forked a new crypto out of it called Bitcoin Cash (BCH). This new coin has chains with 8MB blocks instead of Bitcoin’s 1MB. The result is better scalability and quicker transactions.
- Ripple (XRP)
Ripple is the cryptocurrency at the heart of a lawsuit by the Securities and Exchange Commissions (SEC). Designed to help financial institutions to make fast, secure and reliable payments across the world, XRP was growing tremendously before it ran into trouble with the SEC. The Commission is accusing XRP and two of its employees of selling $1.3 billion worth of XRP illegally.
Created as a joke in 2013, Dogecoin has risen in popularity so much that it now attracts the attention of Tesla billionaire Elon Musk. It’s also becoming an acceptable payment method besides being a coin whose value grew 1500% between January and February. The coin’s logo features a Shiba Inu dog, which is why make memes and call it the ‘dog coin.’
Short for US Dollar Tether, USDT is a type of cryptocurrency whose value is tethered to the US dollar. It’s designed to provide a value as close to the US dollar as possible. The reason is to help new crypto users get into crypto through a currency they can understand easily. In the crypto space, USDT is called a stable coin and does not appreciate or depreciate as quickly as regular coins.
Dash is another cryptocurrency forked from the Bitcoin protocol. It was created to solve Bitcoin’s privacy problems. See, BTC transactions are pseudonymous and can be traced. However, DASH’s payments are more anonymous, faster and securer.
- Litecoin (LTC)
Litecoin is one of the oldest cryptocurrencies. It launched in 2011, two years after Bitcoin came out. Created by a former Google employee, LTC was also forked from the BTC protocol. Developer Charles Lee created LTC to be a faster version of bitcoin, processing a block every 2.5 minutes as opposed to the 10 minutes for BTC.
Founded in 2017 by a Singapore-based charity organization, TRON is a cryptocurrency designed to help build the bridge between content creators and consumers. It follows a peer to peer blockchain-based network, meaning the goal of TRON is to remove intermediaries like Netflix and YouTube.
Games at Crypto Casinos
Crypto gambling sites provide all manner of casino games, from slots and video poker to Texas Hold’em and craps. But they vary in where they get these games. Some casinos lease their games from top-tier software providers like NetEnt, Microgaming, Play’n GO, Playtech, BTG, Betsoft and Evolution. Others provide games built on the blockchain.
There are also casinos that provide a mix of both types of games. Regular software providers like NetEnt and Evolution have wide catalogues of well-known games. The games are high in quality and come with impressive payout rates.
On the flip side, blockchain-based casino games are few. It’s hard to find a casino with more than a dozen blockchain-based games. However, these titles are provably fair and cannot be rigged. They also pay out at much higher rates, up to 99.75%.
Against that backdrop, most crypto casinos give you the choice to play popular slots and table games using fiat currencies. Or you could gamble using BTC and altcoins on blockchain games.
Bonuses and Promotions
When you create an account and make your first deposit at many casinos, you get free spins or betting credits as a reward. Creating an account can earn you 20 free spins while making a deposit attracts a 100% match on your money, usually up to $1000.
When using cryptocurrencies for deposits, you also get welcome bonuses. No deposit bonus crypto casinos give you free spins or $20 BTC. When you make a deposit, the reward is raised to a maximum amount worth up to 5BTC.
At the best crypto casinos, you could get all the bonuses mentioned below and many more.
- Welcome Package
A welcome package includes a casino’s no deposit bonus, first deposit bonus and extra rewards like free spins or second, third and deposit offers. Nearly every casino has a welcome package, these days. All you need is to make a deposit through qualified digital coins. In many casinos, the welcome bonus is the biggest reward you can get.
- Reload Bonus
This is a bonus for existing players. It’s based on your daily, weekly or monthly deposits. While you get a 100% bonus with your first reward, a reload bonus attracts a 50% or 30% match on your amount. But that’s alright. This is a bonus you can claim many times.
- Cashback Programs
A cashback program is a promotion through which you can claim some of your gambling losses. Many casinos give you 5% to 50% of your monthly losses as cash you can withdraw instantly. However, there’s always a limit. Maybe a casino could limit you to losses worth up to $100BTC or $200ETH.
- VIP Programs
VIP programs target high rollers—people who bet huge amounts. This explains why joining the VIP program at some casinos is by invite only. You have to prove your eligibility by gambling decent amounts of crypto regularly.
At some casinos, though, anyone can join the VIP program. All you need is to gamble regularly. Then you get points that accrue to help you level up and redeem bonuses or cash prizes. VIP players get the best gifts available from a casino: cash prizes, same-day withdrawals, cars and vacation tickets, to name a few.
- Contests and Missions
Contests and missions are relatively new promotions in the crypto casino business. They involve competitions among players in the same casino. Winners share a prize pool worth between $1000BTC and $100,000BTC. On the flip side, these casinos have ‘Missions’ through which you can earn free games and bonuses if completed.
If you’re like many people, you spend a significant amount of time on your cell phone. Maybe you just scroll through social media for an hour daily. Maybe you play mobile games when free. Regardless, you’re better off choosing a mobile-friendly crypto casino.
The third for slots and card games can get you at any time. And you don’t want to wake up in the middle of the night to find your home office computer to gamble. With a mobile casino, all you need is an android or iOS device and you could gamble at any time.
Mobile casinos work through native apps you can install on your phone. Or you could use a mobile website with all the games and bonuses offered to players using native apps.
Crypto casinos have flaws, just like regular casinos. To ensure players who experience these flaws get immediate assistance, they provide customer service through an array of communication channels: chatbots, emails, phone calls and social media.
Live chatbots are the best communication channels for many players. You get feedback immediately. Email support takes longer. But at the best crypto casinos, you still get assistance. Phone calls used to be popular support channels a decade ago. But most websites have faced them out in favour of digital communication channels.
Crypto Casinos Advantages and Disadvantages
Crypto casinos have benefits fiat casinos lack. These are some of them
- Available worldwide: Cryptos are decentralized and therefore don’t follow geo-restrictions instilled by governments.
- Provably fair games: Crypto casinos provide proof of fairness, giving you total trust in their games.
- Low transactions Fees: by eliminating intermediaries like Visa, MasterCard and PayPal, cryptos help you deposit and withdraw coins at absolutely low fees.
- Encourages Privacy: some crypto casinos don’t involve account creation, KYC verification or collecting data that could be linked to you.
- Cryptos appreciate: when using crypto casinos, you can win coins that could gain value in days or weeks.
- Limited Game variety: many crypto casinos have a small library of blockchain-based games. That’s why they compensate by also providing games from regular software providers.
- No reversals: you can’t claim a chargeback if you send money to a scam casino. As such, choose crypto casinos carefully.
- Volatile: although your cryptos can gain value, they could also lose it.
There you have it—how to choose crypto casinos. It is the same process used to pick fiat casinos. It’s centred on selecting safe, secure and reliable operators. Choose a crypto casino with your favourite games and digital currencies. Also check for bonuses, quick withdrawal options and a positive reputation. You’ll also need customer service, so select an operator with a supportive customer help department.