What exactly is a crypto casino? How does it work? Is it even legal to gamble with cryptocurrency? And how do I find the best crypto casino with the biggest bonus offers? These are the questions we are going to answer for you in our detailed crypto casino guide – the only crypto casino guide you will even need!
What is Cryptocurrency?
In recent years there has been a lot of buzz around this new kind of digital currency that is intended to act as a medium of exchange. Cryptocurrency has become popular and particularly Bitcoin has become the most widely tracked alternative to the regulated FIAT currencies. It has also become the most popular cryptocurrency used in many crypto casinos.
The fundamental difference to traditional FIAT currencies
While central banks manage traditional currencies, this is not the case for cryptocurrency. It appeals to many because of its ability to hold value and not be inflated away by those central banks that want to print and speculate with money. Counterfeit is also incredibly difficult due to the intricate blockchain ledger system that manages this currency.
In the early days, there was a lot of hesitation about this new form of currency, yet it has proven itself to last and gain trust and popularity. Since then, cryptocurrencies like Bitcoin have gained popularity in the investment world and with individuals alike.
How does Cryptocurrency work?
Many other crypto casino guides will now tell you in-depth about the technologies behind crypto. But we will only tell you what you want and have to know:
Cryptocurrencies are produced and tracked through something that is called a distributed ledger. This is a data string that is shared amongst different computers. These computers are spread around the globe, creating a decentralized environment rather than a centralized one. Think of it like a string of many puzzle pieces. Different computers store different bits of information.
This decentralized system is typical of many cryptocurrencies such as Bitcoin and Ethereum, which make a central authority obsolete. Like this it keeps governments and central banks out of the currency system, reducing any interference.
You will require a “key”
Owners of crypto may store this currency in an electronic cryptocurrency wallet, a computer app that allows them to spend or receive the currency. To make a transaction, you will need a “key,” which allows you to transfer the funds. This key does not hold any specific or personal information. So, part of the appeal of cryptocurrency is that it can be used somewhat anonymously.
In recent years literally thousands of currencies have popped up since Bitcoin soared into mainstream popularity back in 2017. Some of the most popular cryptos include Bitcoin, Ethereum, Tether, and XRP.
Essentially, a crypto casino is an online casino that caters to players who use cryptocurrencies to place their sports and casino bets. If you visit a crypto casino, you may not at first glance notice a significant difference from a regular online casino. It works just like a normal online casino. You will find a number of entertaining games such as slots, and table games such as roulette, blackjack and baccarat.
Crypto casinos can also have a live casino section, where you can play casino games with real dealers. Apart from the presence of specific crypto bonus offers and crypto deposit and withdrawal options you can find. A cryptocurrency casino also known as bitcoin casino may still offer players traditional currencies such as the dollar, pound, and euro.
How Do You Play at a Crypto Casino?
As mentioned above, you can play any type of game at a crypto casino that you can play at a regular online casino. There will be no difference when it comes to playing games. The only difference is the currency you use. So, in order to use cryptocurrency to play, you will require a virtual wallet.
Opening such a wallet, is the equivalent of opening a bank account to fund a conventional casino account. It is also the first step to using cryptocurrency in a casino. You may then select from various crypto exchanges available to load your gaming account.
Check the process of opening a wallet before committing to a casino
So, if you want to play with cryptocurrency, you need to fund your new wallet with a particular coin or token. The most popular choice is Bitcoin. You can purchase coins using a FIAT currency, such as Euro or Dollar. Bitcoin tokens purchased typically appear in a wallet within seconds.
Yet, crypto casinos may have different steps to depositing cryptocurrency. Therefore, before you commit to a specific site, we recommend you check the casino’s deposit page to find out exactly how you can make a deposit and if the process is straightforward and simple.
Once you have loaded your gaming account with Bitcoin or an equivalent cryptocurrency you can head right over to enjoy all the entertainment the site has to offer.
Is it legal to Gamble Online using one of the cryptocurrencies?
While there are no definitive answers to this question just yet, we can say: It is not illegal.
Currently, there just aren’t any clear answers to some questions regarding the use of cryptocurrency for gambling in a lot of regions yet. However, you should considered some fundamental aspects in regard to gambling with cryptocurrency. They include:
– Crypto casinos or rather crypto currency is not yet regulated by specific laws. Most cryptocurrencies are neither officially allowed nor prohibited.
– The attitude toward cryptocurrencies varies from country to country. Some countries are optimistic about the use of cryptocurrencies and others don’t officially recognize the use of cryptocurrencies at all.
– There are a few gambling jurisdictions that offer licenses to crypto casinos. These include the government of Curacao and the United Kingdom Gambling Commission. These legislative bodies now accept the responsibility of controlling gambling operations in crypto casinos. This means that long as the online casino is following the rules and regulations of the chosen jurisdiction, it is in fact operating legally.
How to spot a trustworthy crypto casino?
It can be tricky to find out which crypto casino is the most trustworthy. There is more than one story out on the internet about someone who has been scammed by a dodgy casino. So, it’s important that you check our crypto casino guide to know what to look out for before parting with your hard-earned cash.
Here are some tips to help you choose a safe and reliable online casino:
Don’t just choose any crypto casino site – do your research first and check our complehensive casino guide for the most trustworthy and best crypto casinos! Read online reviews and check out the casinos licensing information. The casinos licensing is the most important thing to look for. Reputable online casinos will have a license from a respected gaming authority such as Curacao or Britain.
Look for crypto casino sites that have been around for some time and have a solid customer base. These casinos are more likely to be legitimate than the sites that have only just popped up.
Look for casinos that offer 24/7 customer support in your language. Our crypto casino guide recommends you to test the site’s support before you open an account. Especially the chat support may sometimes be unresponsive when you most need it. Alternatively, a site could offer chat support but no live agents but only a click-through FAQ chat or a chat bot. Neither of them are very helpful. If you are faced with a specific issue you will need a personalized answer instead of simply a pre-written help article.
A good 24/7 support means that if you have any problems, a real person must be available to help you resolve them.
Our crypto casino guide also advises you to check the casino’s security features. A good crypto casino will use SSL encryption to protect sensitive personal and financial information.
You should also only deposit money into a casino account that uses a secure payment method. Trustworthy casinos offer secure payment options such as Neteller, Skrill, for instance, that don’t require you to enter any of your direct banking information into the casino’s site itself. Overall our crypto casino guide recommends using payment options such as e-wallets. You can easily set and manage a specific amount of funds as your gaming budget. You simply transfer the funds to an e-wallet. Then you can use them to load a casino account. Like this there is no danger, of any kind, that any direct access to your banking information can be obtained.
By following these simple tips, you can help ensure that you choose a safe and reliable site and evade any negative experiences.
What are the advantages of playing in a crypto casino?
Cryptocurrencies are less susceptible to deflation:
Crypto casinos allow players to use virtual currencies that are quickly gaining popularity. While traditional currencies can oftentimes be very volatile, virtual currencies like Bitcoin and Ethereum have overall surged in value over the last few years. Today they are one the most valuable assets in the world. Many see Bitcoin and other cryptocurrencies as less susceptible to inflation. Specifically for Bitcoin there is definite cap on the total number of coins that will ever be minted.
Easier and more privacy:
Another reason one would choose cryptocurrency over a FIAT currency is that you don’t have to register for an account at a financial institution to transact with cryptocurrency. This means you can easily maintain a level of privacy. Transactions are pseudonymous, which means you have an identifier on the blockchain or your wallet address. This, however, does not mean there is any specific information or sensitive information about an individual stored, which is much different from a bank account or credit card.
Another advantage of crypto casinos is that they are less regulated than traditional casinos. While traditional casinos are heavily regulated, this is not the case for crypto casinos. This makes crypto casinos a very attractive option for all kinds of bettors. Anyone can use cryptocurrency. All you need is a computer or smartphone and a working internet connection. The process of setting up a cryptocurrency wallet is extremely fast compared to the process of opening a bank account.
One of the most convincing benefits of using cryptocurrency to gamble is the transaction speed. While an international bank transfer can take a will working week and even faster methods such as e-wallets often come with some waiting times and delays, crypto transfers are virtually instant. And with technology advancing at such a rapid pace, the high-speed of cryptocurrency will only become more on-demand.
Special crypto bonus options:
Our crypto casino guide wouldn’t be complete if we didn’t tell you about the special offers you can expect in a crypto casino. Oftentimes, welcome offers are even more generous, if you choose to use a currency such as Bitcoin. It is not unusual to find welcome bonuses where players receive between 150 and 250% extra for their first deposit. This makes playing at a crypto casino a very attractive option for anyone looking for a generous offer.
Our crypto casino guide has identified some of the most generous welcome offers for you:
Aussie Casino, for instance, offers its new members a jaw-dropping 250% up to $12,500 welcome package. Though the casino focuses on a client base from Australia, Aussie Casinos offerings are very much appreciated by all kinds of players from the other side of the globe. You will find exotic and iconic RTG slot collections like Aztec’s Millions, Seven Stripes, Aladdin’s Wishes, Asgard, Cash Bandits, Coyote Cash, and Panda Magic. This fully optimized site for mobile and tablet has a playful theme and stunning visuals. The Curacao Gaming Authority regulates this casino, making deposits and withdrawals 100% confidential.
Another big name for anyone looking for a fun and trustworthy crypto casino is Rolletto. New members can grab an impressive welcome bonus package consisting of 3 generous bonuses for the first three deposits they make. You can get a 75% deposit boost up to $1000 for your first deposit. The second deposit will bring you a 50% match bonus up to $2000. While the third adds a further 25% up to $3000 to your account. Apart from amazing bonus deals Rolletto offers all sorts of games including slots, live casino, and mini-games. Some of the best game developerssuch as Red Tiger, NetEnt, BTG, Play’n GO, Microgaming, Realtime Gaming, Swintt, Gamzix, Iron Dog Studios, Thunderkick, and Pragmatic Play call this casino their home. This means you will not find a shortage of incredibly entertaining games at this casino.
Are you looking to maximize your funds while enjoying the best new and classic slot games out there? Then Spinfields could be the crypto casino you are looking for. This casino is a relative newcomer to the online casino landscape. In the short time that they have been operating, they have however successfully positioned themselves as one of the most trusted and reputable crypto currency casinos available. Spinfields offers many of the industry’s most popular game providers from Red Tiger Gaming to Authentic Gaming to Habanero, there’s plenty of game choice waiting for you here.