How You Can Gamble With Your Favorite Cryptocurrency
By now, you have likely all read or heard something about cryptocurrency. Names like Bitcoin, Ethereum, and Litecoin are finding their way into the vernacular of the general public. What you may not realize is that there has been a cryptocurrency gambling scene for almost as long as these digital coins have been in existence.
Taking it even one step further, not only are there sites where you can make deposits and withdrawals in cryptocurrency, but some brands allow you to gamble in crypto denominations as well.
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This page is meant to give you an idea of what this looks like - the best places to play - as well as walking you through the journey of finding a crypto casino.
The Best Sites to Gamble with Cryptocurrency
Let's first take a look at the best places for you to gamble with cryptocurrency. These days, the majority of sites still require you to use traditional currency to place bets, although an increasing number allow you to make your payments with Bitcoin or other coins. The sites we have listed below give you the best chance to use crypto at the tables themselves - some still allow you to play in both currencies, while others only allow play in digital coins. However, no matter what site you choose from this list, you will find the following qualities:
Regardless of what currency you are using, the most important thing for most players is that the quality of the games is excellent. This is entertainment when it is boiled down to the basics, so in essence, the games that are the most enjoyable are the ones you are going to want to play the longest. The sites on this list offer our cryptocurrency-loving readers the best selection of slots and table games.
When you are using cryptocurrency, there are a lot of benefits, but there may also be a lot of questions you have about the process. This is where an excellent support department comes into play. We love sites that load up on FAQs on their websites, as this typically takes care of the majority of general questions. As casinos are open 24 hours a day on the internet, we also expect support agents to be available in real-time all day and night via live chat or phone. Also, any site that has a strong social media presence is a winner in our minds.
Just as critical as being able to offer games in cryptocurrency is the ability to play those games on the go from a phone or tablet. The sites on this list give you the chance to experience their games in a mobile format, and while most of them do not offer a native app for download, our experts have tested the quality of the mobile browser games, and they are all up to the standards we expect when we recommend a casino to our readers.
Why Use Cryptocurrency to Gamble?
As cryptocurrency starts to become more popular with the general public, many people ask why they should be playing casino games in this format. There are a lot of reasons why, but here are a couple of them.
First and foremost, when you make a deposit with cryptocurrency, there is a transactional record that is kept around the world. This makes it very difficult for the receiving party (in this case, the site operator) to take off with your money - they would have to make transactions that will also be recorded, so there will always be a digital paper trail of where your money has gone.
Cryptocurrency is like any other currency - it has a value in traditional currency, and that value can fluctuate on a daily basis. When your Bitcoin is converted to USD for playing casino games, the operator may charge a small fee to do so, which takes away from your bottom line. We like that you can keep your currency unchanged and leave the gambling at the tables.
How to Gamble with Cryptocurrency
Okay, so you now know some sites that will allow you to bet in cryptocurrency - let's move on to how to do it exactly. Here are the simple steps to getting to the tables:
- Open a cryptocurrency wallet
- Buy some coins
- Pick a site to play with
- Make your deposit
- Pick a game
- Mind the value!
This is the first step you must take if you are planning to play casino games in cryptocurrency. Many of you may already have a wallet, in which case you can skip this first couple of steps. If you are brand new to this, then you can choose from any of the dozens of digital wallets that are now available. Simply register for an account, and you will be given a digital address that is tied to your account - DO NOT LOSE THIS NUMBER.
Of course, to deposit and play in crypto, you need to have some coins first! Once you have a crypto wallet, you can log in and buy coins with traditional currency, just like you would buy anything else online. Simply select the type of coin you want to buy (Bitcoin is the most popular still) and the amount you wish to purchase, and within seconds, you will have a funded account.
Now that you are all funded and ready to go, it is time to find a place to spend your currency. You can select one of the sites from our list above, or you can also read many more reviews of sites that allow you to gamble with cryptocurrency. The main thing to look for here is a site that offers what you are looking to play - casino, sports, poker, bingo, etc. Whatever your choice, you always have the option of switching to another site if you wish.
We have a whole page dedicated to the steps that a player makes to deposit cryptocurrency at a gambling site, but what you need to know is that you will need your crypto wallet open and ready to go. The transaction does not take very long at all, especially since many sites will give you "credit" until the funds themselves settle.
Now you are ready for the fun stuff! Head to the lobby, look for a game you want to play, and select a table and stakes level. From there, the gameplay is exactly the same as playing with USD or other fiat currencies. As always, make sure to read the rules of each game, as some have tweaks that can affect your odds of winning.
Finally, when you are gambling in cryptocurrency, you need to be mindful of the exchange rate to your local currency. It will seem like you are betting fractions when you play in Bitcoin or other digital currency when in fact you could be betting at much higher limits than you are used to. We don't want players to get in a hole too quickly, so being on top of the value of each bet is a great start to managing your bankroll in cryptocurrency.
There are more and more cryptocurrencies being launched, and this means even more coins to use at gambling sites. The gaming industry has been one of the earliest adopters of crypto and will not slow down when it comes to developing new ways for you to use your digital wallets to fund accounts and play your favorite games or to try something new!