What is Crypto Gambling?
Crypto gambling is when a player can make bets or play real money gambling games by staking crypto currencies, circumventing the need to use FIAT. With so many regulations around online casinos and sportbooks using fiat currency, it’s no surprise that players and Bitcoin gamblers who want to escape all of the hoops they’re made to jump through have chosen cryptocurrency gambling websites ahead of their fiat counter-parts.
The last decade has been very kind to cryptocurrencies overall and since 2009 when Bitcoin first burst onto the scene, the rest has been history. Bitcoin might have started off with little to none intrinsic value but as more people started purchasing the crypto coined as ‘digital gold’ it soon became apparent that the cryptocurrency market was much bigger than initially realized. Fast forward to 2022 and Bitcoin is now worth a staggering $55,000 at the time of writing and shows no sign of slowing down.
Despite the unreliability one thing has remained consistent and that’s online gambling sites have been accepting both bitcoin and cryptocurrencies as valid payments to make bets online. Crypto gambling has never been as popular as it is now and with good reason. Creating a crypto wallet online is incredibly simple and can be completed in a matter on minutes. Once you’ve created your crypto wallet – you can then sign up to any of the gambling sites on this list, answer a few basic questions including your address, date of birth and you might be asked to upload a picture of your ID.
A Guide To Getting Started at a Crypto Gambling Site
Because of how accessible cryptocurrency has become in recent years, it’s now much easier to get started at the top bitcoin gambling sites. We’ve outlined the steps below to get started at a Bitcoin casino today.
- Start by creating an online bitcoin wallet. Crypto sites like Coinbase and Binance are very user friendly sites which can get you set up with a Bitcoin wallet in minutes.
- Once you’ve created a wallet and are verified you’ll need to buy some crypto. If you’re unsure of what to buy, the most popular ones are usually the best to go for. BTC/ETH/LTC/BCH are all solid coins to begin with and are more likely to be accepted at a wider range of Bitcoin casinos.
- Sign up to a Bitcoin gambling site. You can do this by picking any of the crypto casinos we list and entering your personal details. You’ll often be required to verify your account and once this is completed, you’re almost ready to begin playing games.
- The next step is to make a deposit into your casino wallet. A crypto only casino will give you wallets that you can then copy and deposit into from your personal wallet. Allow a few minutes for the casino to receive the payment and as soon as it’s available in your bitcoin casino wallet, you can begin playing.
- To withdraw, simply head over to the withdrawal page, make sure you enter the correct wallet for the correct crypto you wish to receive and hit withdraw. Once approved the funds will be sent to the wallet address you provided.
What Makes a Good Cryptocurrency Gambling Site?
Some of the same values that make a traditional gambling site worth recommending are the ones we look for in a crypto gambling site. Many Bitcoin casino sites come with a wide range of games, deposit methods and a quality customer support to make for a great playing experience for every type of player.
Below are some of the key features we look for when recommending the best bitcoin gambling sites to our readers:
Welcome Bonuses – Online gambling is a lot more fun when you get more value for your money. Players who make bitcoin deposits at crypto casinos will often get some free money to play with. These bonuses are typically free spins, match deposit bonuses which you can then use on the crypto casino games they offer.
Reload bonuses are becoming increasingly popular in the bitcoin gambling space and these have been around for quite some time at traditional gambling sites. A reload bonus is where a site will you some extra balance to play with when you add funds to your account. This is normally capped at a figure and requires a minimum deposit for the bonus to be issued.
Games Selection – Arguably the most important thing to look out for when joining a crypto gambling site is what casino games there are to play. A few years back, you’d have been lucky to have a handful of games to play at crypto gambling sites. Fastforward to 2022 and many BTC gambling sites have games to rival some of the most popular crypto casinos out there. From poker games to slot games, online casino games like blackjack, roulette and much more.
If you’re a fan of live casino games, you’ll be pleased to know that the most trustworthy bitcoin casinos have a ton of your favorites, from Crazy Time to Pachinko. The best crypto gambling sites also stay true to their roots and provide players with familiar titles like crash, coinflip and jackpot.
Some Bitcoin gambling sites will also list sport markets for you to bet on. Sites like Stake have sports betting markets, from esports, to American Football, Soccer, Boxing and much more.
Deposits and Withdrawals – The likelihood is if you’re searching for the top Bitcoin gambling sites or crypto casinos – that you’re expecting to use cryptocurrencies, but many of these sites also accept real money deposits, as well as crypto deposits. However, the most popular forms of deposits and withdrawals at a crypto gambling site, will of course be cryptocurrencies like Bitcoin, Litecoin, Ethereum, Bitcoin Cash and XRP. Most sites only provide their players with crypto withdrawals which means you’ll be able to choose your preferred crypto payments and receive the money straight to your wallet.
Customer Support – It’s important that all gambling sites have a helpful support team to help players with any issues or queries they might have. A top crypto gambling site will have live chat which you can use to speak to an agent or representative. Not all sites have a live chat which you can access round the clock, so this might be something to bear in mind.
Fairness & Security – A provably fair environment is something that every online casino should provide to its players, especially a crypto casino. Casino provably fair is where every outcome is decided via a pre-mined block on a blockchain. No-one has access to these results and every single outcome can be proven by the result before it. If a casino was to scam its players, there would be an inconsistency in the results, which would mean the games had likely been tampered with.
Security is another big factor when it comes to crypto gambling, as most players like the anonymity that comes with cryptocurrencies anyway. Because you don’t have to provide much in the way of sensitive information, such as card numbers and other banking information, often typical with fiat currencies. Crypto sites might require some verification in the form of ID, but this information is stored on an encrypted server.
Crypto Betting vs Traditional Online Casinos
So, you’ve decided you would like to try cryptocurrency gambling sites but are wondering what the similarities and differences are between online Bitcoin gambling and online casinos are.
In this day and age, there are more similarities than you might think. A lot of crypto only gambling platforms come complete with a generous welcome bonus, crypto games, live dealer games, sports betting and casino gambling games, that wouldn’t look out of place at other online casinos in the industry.
Traditional casino sites usually had some of the biggest bonuses in the industry and crypto players in the space often felt left out, however this is no longer the case and crypto gambling websites in some cases have even overtook the bonuses and promotions offered to players at regulated online casinos. Bitcoin betting sites are now more likely to have a VIP program, bigger bonuses and much more.
A BTC Casino often won’t have the same licensing restrictions as a fiat currency casino, meaning that they can accept players from many countries, instead of being limited to on Europe or America for example.
Popular cryptocurrencies have faster withdrawals than other currencies. Cryptocurrency users who are interested in withdrawing only cryptocurrencies will be pleased to know that cryptos like Bitcoin, Ethereum, Litecoin and Bitcoin Cash have some of the fastest processing times, so you won’t have to wait long to receive your winnings, giving you more reasons to gamble with Bitcoin.
One of the freedoms that comes with a crypto casino site is the ability to play from anywhere in the world. Unlike a traditional online casino, if you were to use a VPN to access the online casino, if you were caught – you risk losing any money you deposit and having your account closed. This is far less likely at Bitcoin gambling sites, as internet security is one of the foundations Bitcoin was created on.
Software & Game Providers
One of the most popular games to play at a Bitcoin gambling site is slot games. Slots come in all varieties and some jackpot slots can payout fortunes. Both of these reasons are why Bitcoin slots have risen greatly in popularity over the last few years and are a huge favorite in the Bitcoin online gambling community.
If a Bitcoin casino goes as far as to get proper licensing, the chances are that more of the biggest casino gaming software providers will allow them to use their software like slots, table games and live casino integration. If you see an online Bitcoin casino operating without a license but providing casino games from the likes of NetEnt, Playtech and Microgaming, the chances are that these games might not be legit and have a much lower return rate than the legit version of the games.
Can I use Crypto to Bet on Sports & Esports?
The simple answer to this is yes! More Bitcoin gambling sites have now added crypto sportsbooks to their kit. So, if you find yourself getting tired of playing slots and want to give sports betting a try, this is something you can easily do at many cryptocurrency gambling sites.
Because there are less restricted countries with gambling sites accepting Bitcoin, the site can potentially have more sport markets to cover different interests.
Crypto Gambling Bonuses
We all love a bonus when we join new gambling sites, and many Bitcoin gambling sites in 2022 have some quality bonuses available for both new and existing players. The most common type of bonus is a promo code, which you can enter to receive some balance to use on the site.
Some sites might require that you deposit using BTC, ETH or LTC to claim the first deposit bonus at a crypto gambling site. If this is the case, it’s worth moving some of your assets to one of these cryptos, before depositing at the online gambling site. This is because you’ll almost certainly receive more in the deposit bonus than you’ll pay in blockchain fees.
Another popular bonus you’ll find at Bitcoin gambling sites is free spins. These can be used on specifed Bitcoin slots that the crypto gambling websites provide. Free spins are often worth a token amount and are mostly there to let players try new games or win a bit of extra money to play with and improve the overall online gambling experience. If you play slots, this is almost certainly the right type of bonus for you.
A free bet is something you’d find at a regular fiat betting site. At a crypto gambling site that offers sports betting, you can use the free bet value towards any of their markets. If the bet wins, you’ll receive your winnings added to your balance.
What is Provably Fair?
A provably fair online casino means that the games they offer can all be checked to ensure fairness. This technology has only just started making its mark in the online gambling scene but many online casinos are keen to add provably fair games to their portfolio. Hashing is where hash functions get converted from often large amounts of data in smaller ones.
How does it work?
This is where it can get quite complicated. The bitcoin gambling site will start off by producing what’s known as a seed number. This is then be hashed and sent to the player, before they place a bet. Some Bitcoin gambling sites sometimes suggest that the player recalibrates the client seed before they start betting.
Once both seeds are generated, they then communicate to generate the bet result. The nonce is a number which starts at between 0 and 1. Each time you place a bet this number will then increase until you reset your seed. After the bet is completed, the player receives the seed that was used in the bet, which can then be verified. If the round wasn’t provably fair, the hash wouldn’t be verified and would be made aware.
Top Tips for Crypto Gambling
- Make sure you pick a trustworthy Bitcoin gambling site from our list of top sites. Pick some important features and gambling services that appeal to you, such as bitcoin games, fast payouts, competitive odds for sporting events, live games, a range of payment options and the best bitcoin bonuses which you can then use to play your favorite casino games.
- Do your research! Some games have better return to player rates than others in the crypto gambling market. Casino games like European roulette and blackjack have the best odds, so if you’re strictly in it to make money, you might want to focus more on these games and stay away from slots.
- Make sure the bicoin gambling sites you pick all offer provably fair casino games. Gambling sites that are provably fair give you a way to test the fairness of games, so you can be assured you’re only playing against the house edge and not being scammed.
- Set yourself a limit and stick to it. One of the biggest mistakes people make when online gambling is overspending and chasing wins. It’s important to budget correctly, whether you’re bitcoin gambling or sports betting, you’re more likely to come away with a more respectable balance.
What are the best currencies for Crypto Gambling?
The best cryptocurrency for online gambling is one with fast deposits and accepted by the majority of crypto gambling sites. Bitcoin gambling is the most popular right right now and Bitcoin gambling sites have popped up all over the internet. One of the main issues is that Bitcoin can be one of the slower payments, especially when more trades are being completed on the blockchain.
There have been some changes in the Bitcoin protocol to make it more suited to use at Bitcoin casinos but there are more suitable options out there. The main benefit is that you’ll find the most online casino sites accept Bitcoin, so you won’t need to look far for the best Bitcoin gambling sites.
Litecoin and Bitcoin Cash are what’s known as a hard fork of the Bitcoin protocol. These claim to have much more spending power and payments are completed more than 4x quicker than Bitcoin. The other bonus is that most Bitcoin marketplaces and exchanges that provide users with wallets for Bitcoin, will also provide Bitcoin Cash and Litecoin wallets.
Ethereum is another good crypto for online gambling. Ethereum is the second most successful crypto behind Bitcoin and has been the foundation for hundreds of other cryptos in the space. Gas fees can sometimes be an issue with ETH, due to its popularity, but with ETH 2.0 on the horizon, these issues should be solved and depositing at Bitcoin gambling sites with Ethereum should be long in the past.
Can I use fiat currency at Bitcoin casinos?
At some casinos, they do accept fiat deposits and withdrawals. This is quite uncommon, as most Bitcoin casinos only accept cryptocurrencies.
Can I find no deposit bonuses at crypto gambling sites?
Yes! You can find Bitcoin gambling no deposit offers at crypto gambling websites. These aren’t as common as a deposit bonus but for a free welcome bonus that you can use to play casino games, a no deposit bonus is certainly nothing to sniff at.