Information page: casino with crypto
| Attention: casinos with cryptocurrencies are not accepted. Find out what they are payment methods accepted by best casinos ! |
What are Cryptocurrencies?
Cryptocurrencies or digital currencies are digital currencies based on blockchain technology, a shared and immutable ledger that facilitates the recording of transactions and tracking of assets within a network.
In this historical moment we are experiencing a real boom: currently there are almost 20 thousand.
The surge in the price of bitcoin in recent years has dramatically increased interest in the cryptocurrency sector as a whole. Here are some of the reasons:
- Cryptocurrencies are not yet framed by financial institutions under a single regulatory regime
- Cryptocurrencies are considered more secure than traditional currencies in terms of privacy
- Transaction times are much faster than traditional payment methods
Some of the most famous cryptocurrencies are:
- Bitcoin (BTC) – The first crypto ever and with the highest market capitalization
- Ethereum (ETH) – The second most capitalized cryptocurrency and the most popular blockchain network
- Litecoin (LTC) – Known for fast transactions and low commission costs
- Solana (SOL) – Its blockchain is capable of carrying out 50,000 transactions per second
What is a crypto casino?
A crypto casino is an online casino that accepts crypto as a payment method.
Many of these casinos offer Welcome Bonus in various cryptocurrencies. Due to the regulations in force, for the moment the casinos with Legal license I am unable to offer cryptocurrencies to players as a deposit and withdrawal tool.
If casinos were to one day be able to accept cryptocurrency payments, operators would still have to be approved by the Legal. For more information on safe gambling, please visit our page on Responsible Gaming .
Cryptocurrencies: Did you know?
Bitcoin was created in 2009 as a global peer-to-peer payment form, based on the blockchain, with open source code and an emission limit set at 21 million coins.
How to distinguish a good crypto casino?
What is the reason for the popularity of cryptocurrency casinos?
Let's see what are the advantages and disadvantages of crypto casinos for players. Below, we also list other important points that unite the best crypto casinos around.
| PRO | AGAINST |
|---|---|
| Anonymous and fast payments |
No Legal licensed casinos offer cryptocurrencies |
| No intermediary in the transaction phase | Players choosing cryptocurrency casinos without an license do not have the same protections as players at licensed Legal casinos |
| Zero commissions |
The price of cryptocurrencies can go up or down very quickly, sometimes even overnight |
| Direct ownership of your money; there is no middle bank that can refuse to let you access the money in your account | To keep them you need a wallet or electronic wallet |
| Transactions, once recorded on the blockchain, cannot be reversed: if you happen to send your crypto to the wrong address, there is no possibility of recovering your money. |
Variety of cryptocurrencies
Although Bitcoin remains the most popular cryptocurrency, many casinos continue to expand the range of accepted options. By doing so, these operators are able to reach a larger number of players from around the world.
Low wagering requirements
Many cryptocurrency casinos offer bonuses with low wagering requirements. This factor is certainly very interesting for players, as it makes it easier and faster to withdraw winnings.
Conclusions
The interest in cryptocurrencies does not surprise us at all and we are well aware that many would like them to be available also in licensed casinos.
But unfortunately no Legal casino allows this and at the moment there are no further developments on the horizon.
And that is why we think it is better to avoid casinos with cryptocurrencies, at least in the current situation. Not because we have objections to digital currencies themselves, but because we strongly discourage playing in casinos without the coverage of an license!