How to Play With Crypto in Online Casinos
Cryptocurrencies are quickly taking over the iGaming market. More and more online casinos are now adding crypto to their payment systems. At the same time, more new crypto casinos are launched every year. That’s why it’s important that you know how to play with crypto in online casinos. Here are the steps to help get you started:
Open a crypto wallet.
The very first thing you should do is set up your crypto wallet. This is where you’ll store your cryptocurrency. It’s recommended that you get a wallet that supports different cryptocurrencies. Otherwise, choose one that is compatible with the crypto that you want to play games with.
When choosing a crypto wallet for gambling, it’s better to go with a web wallet or a mobile wallet. Using either wallets will let you make transactions much faster and easier. But do keep in mind that you should store only your bankroll in the web or mobile wallet. The rest of your crypto that you won’t be using for gambling should be kept in a hardware wallet for better security.
Once you’ve set up a wallet for crypto gambling, it’s now time to load it with funds. If you already have crypto from your other wallets, then simply transfer your bankroll to your new wallet. Otherwise, you can buy Bitcoin or other cryptocurrencies from online exchanges like Coinbase and Kraken.
Choose a casino accepting cryptocurrency.
Before you choose a casino, it’s important that you know that there are different kinds of Bitcoin casinos. First, there are online casinos that initially accepted only fiat money but have decided to integrate cryptocurrency payments. Mostly, these casinos convert your crypto deposits to fiat money that you can use for your account.
There are also casinos that accept both fiat money and cryptocurrency. But unlike the first type we mentioned, these casinos give you the freedom to use any currency for your account. A great example of this are casinos powered by SoftSwiss wherein players can open a EUR wallet, a USD wallet, a BTC wallet, and any other available wallets, then use these wallets to play games.
And of course, there are crypto casinos that exclusively run on cryptocurrencies. This type of casinos gives you the liberty to switch from one crypto to another and play RNG casino games and, most of the time, provably fair in-house games.
Deposit crypto to your casino account.
Once you’ve chosen a casino and have signed up for an account, your next move is to make a deposit. When you fund your account with crypto, all you have to do is to transfer at the least the required minimum amount to the wallet address provided by the casino. Alternatively, you can scan the QR code using your smartphone and send the deposit from your mobile wallet.
Cryptocurrency deposits are processed immediately. You shouldn’t have problems when you top up with Bitcoin or other crypto. Just remember that there are different limits per cryptocurrency, so make sure you read everything in the cashier before making a transaction. Remember, you won’t be able to recover or get refunded when you send your crypto to the wrong wallet address or if your deposit is below the minimum amount. Once all set, you can then play Bitcoin games.
Cash out winnings to your crypto wallet.
Want to withdraw? Easy. All you have to do is to request the amount you want to withdraw. Typical to all online casinos, you can only withdraw using the payment method you used to deposit. In this case for example, if you added BTC, then you’re cashing out BTC.
You should also take note of the withdrawal limits per transaction, day, week, and month. At the same time, take note of the transaction fee as it will get automatically deducted from your withdrawal amount. But what’s great about cashing out in crypto is that you can receive your money within hours.
Advantages of Using Cryptocurrency in Casinos Online
You won’t go wrong with using cryptocurrency for online gambling. In fact, it comes with several benefits, with the only downside that we can think of is that crypto is highly volatile, unless you’re into USDT gambling. With that, here are the advantages of using crypto in gambling.
Privacy and Security
In simple words, cryptocurrencies are easily one the safest payment options that you can use online. It doesn’t reveal your personal details which, when using other payment methods, may be acquired by hackers or unlicensed companies. With only your wallet address available, you can count for more privacy and better security when using crypto in online casinos.
Low Transaction Fees
When cashing out in crypto from casino accounts, you would be required to pay a transaction fee albeit infinitesimally small. And most of the time, it’s up to you how much fee you want to pay. The higher the transaction fee, the faster your transaction will be processed. But even with this fee involved in crypto withdrawals, the amount is far lesser than the fee that you would have to pay when using payment options like credit cards and bank transfers.
One of the main selling points of Bitcoin gambling is that you don’t need to wait days to receive your withdrawals. In fact, you have casinos like BitStarz that takes pride in processing crypto payments in an average time of six minutes. This is how fast you can cash out from a crypto casino. Expect to receive your cashouts within minutes or hours or less than a day.
Available Almost Everywhere
You only need to have a crypto wallet, crypto coins of course, and an internet connection in order to use cryptocurrency for online gambling. And even better, majority of the countries allow crypto transactions. This means that even if some payment methods are not available, you can bet that a Bitcoin-accepting casino will let you deposit and withdraw BTC.
Transparency and Fairness
You can’t talk about cryptocurrency without mentioning transparency. All crypto transactions are stored on the blockchain, which means that everyone can verify which wallet address made the transaction and at what time. And when it comes to crypto gambling, some casinos log all the bets placed by their players, allowing them to view their betting history. And going hand in hand with this is the fact that the blockchain gives you the capability to verify the fairness of each game result.
Top Online Casinos Accepting Cryptocurrency
You’re guaranteed to have a blast playing in online casinos with cryptocurrency, so we’ve rounded up five popular casinos accepting cryptocurrency.
FortuneJack – If you’re one of the early fans of Bitcoin gambling, chances are you’ve already played at FortuneJack. This crypto casino is known for its provably fair games and crypto bonuses. And as years passed by, it grew enough to integrate numerous RNG casino games and add its own sports betting section. Now, it has started accepting fiat money payments but FortuneJack Casino remains to be one of the leaders in crypto gambling.
Stake – When it comes to betting on sports and playing casino games with crypto, Stake is the place to be. This gambling site is all about betting and gambling with crypto. It features a rich collection of games from top game providers, along with its own collection of provably fair in-house games. Stake Casino is also known for its exciting daily, weekly, and monthly promotions.
BitStarz – This Curacao-licensed casino is simply one of the best Bitcoin casinos there is online. It started as a crypto-only casino but later on integrated fiat payments. Over the years, it remained a strong choice for new and seasoned players. It has thousands of games you can play with Bitcoin and other cryptos, which are partnered well with amazing bonuses like the 5 BTC welcome bonus.
888Starz – You’ll find everything you’d ever want in a crypto gambling site at 888Starz Casino. It has thousands of online slots, numerous table games, and endless streams of live dealer games. It also has provably fair games, and lets you make the most of the experience with bonuses. And on top of all these, its reward model lets you earn by farming, staking, mining, and DeFi commissions.
mBit – If it’s crypto gambling and access to popular titles from renowned game studios and companies, you have to check out mBit Casino. This crypto-exclusive gambling site boasts of a huge library of games paired with some of the most engaging and attractive casino bonuses and promos.