Looking for the best crypto gambling sites online? Whether you want to play casino games, poker, or bet on sports, we’ve got the top sites for 2021 and beyond.
Crypto as a Currency For Online Gambling
While cryptocurrency has many use cases, one of the first uses was for online gambling. Today, it’s an extremely popular payment method whenever it comes to gambling since it’s permissionless, fast, and almost fee-free.
Thanks to these features, moms, dads, grandmothers, grandfathers, aunties, uncles, and gamblers of all stripes and persuasions are researching Bitcoin and other digital currencies and jumping on board.
You can use Bitcoin, Dash, and Ethereum, among others, to play online casino games such as roulette, blackjack, bingo, and poker. You’ll even find crypto sportsbook sites were you can place wagers on your favorite soccer and basketball teams.
We’re going to move on and evaluate the advantages and disadvantages of using crypto gambling sites to help you make your mind up about whether or not to play.
Advantages of Crypto Gambling Sites
There are plenty of reasons why people choose to use crypto to gamble online. It offers many advantages that you wouldn’t usually enjoy when playing with fiat. Let’s break it down in more detail.
Privacy – This is possibly the biggest reason why you should consider use crypto casinos. If you use coins like Monero, Dash, and ZCash, your transactions cannot be traced. If you’re a private person, it’s easy to see why this could be appealing. Moreover, these coins will stop gambling transactions from showing up on your bank, credit card, and PayPal statements.
Now, you might be wondering why you wouldn’t want this information showing up on your statements? It’s simple – if you’re trying to secure a bank loan or you’re thinking about applying for a mortgage in the near future, gambling transactions will definitely impact your bank’s decision negatively.
Security – If you’re using fiat currency at an online casino, you’ll need to complete a registration process which contains information such as your name, address, contact number, and date of birth. More importantly, in order to make a deposit, you’ll likely need to enter your credit card or bank account details. If somebody was to hack into that server, they would have access to all of your sensitive information – yikes!
However, you won’t need to provide any of these details if you’re gambling with crypto. All you need to do is transfer a small amount of currency from your wallet to the casino’s wallet, and you can start playing. Zero personal or financial information is transmitted during this process. This makes it a much safer option overall.
Fast Withdrawals – If you’re lucky enough to make some money, you’ll be happy to hear that you’ll have almost instant access to your winnings. For instance, if you’re betting with XRP (Ripple) or TRX (Tron), the funds will be transferred back to your wallet within a matter of seconds.
If you’re playing Bitcoin dice, Ethereum lottery, or something similar, transactions can take slightly longer as there is often network congestion on those blockchains. However, it still beats the alternative of waiting two or three business days if you’re waiting for a bank transfer.
Exclusive Promotions – Just because you’re playing at a crypto gambling site doesn’t mean you won’t receive some excellent bonuses. In fact, crypto gambling bonuses are often bigger than regular ones. We’ve seen bonuses worth up to 10 BTC before. Try getting that amount of cash out of a regular casino.
If you stick to the sites that we’ve highlighted above, you can be sure that they’re legit and the bonuses are both fair and generous. We would never recommend anything to our readers unless we were sure it was 100% safe.
Disadvantages of Crypto Gambling Sites
We’re not going to pretend that everything is perfect and rosy. We’d be doing you a disservice if we said it was. This is a relatively unknown digital world. There are, of course, a few negatives when you’re using crypto to gamble.
Price Volatility – This is, without a doubt, one of the biggest issues when you’re gambling with Bitcoin, Ethereum, Dash, etc. It’s a well-known fact that prices can both skyrocket and nosedive within a matter of minutes. This would become particularly problematic if the latter happened while you were in the middle of a game of Bitcoin dice, or sitting on a jackpot you’ve forgotten to cash out, for instance.
For argument’s sake, let’s say you deposit $200 worth of Bitcoin to play with. If a huge sell order was placed, your Bitcoin could easily lose 10-15% of its value in minutes. However, the flip side of that is that it could also increase 10-15%. Then again, since you’re a gambler, this extra risk could add extra appeal to gambling with cryptos.
Wallet Addresses – When you’re playing at a fiat casino you don’t really need to focus when you’re making a deposit. You just enter your card number, select the amount you’d like to deposit, and press confirm. However, cryptocurrency wallet address can send the fear of god into you when you see them for the first time.
They can contain long strings of letters and numbers which is essentially your own bank account number. If you mistype even one of those digits whenever you’re making a deposit, there’s a possibility that you could lose your crypto forever. Therefore, we have two pieces of advice for you:
1) Don’t deposit large amounts in one go.
2) Always copy and paste the gambling sites wallet address. Do not type it in manually under any circumstances. Even then, double check it.
Scammers – As this is an unregulated market, there are scammers out there who are trying to rip people off. Then again, you’ll also encounter these issues when you’re playing at fiat casinos.
One thing you should always do is check that a site offers provably fair gaming. This is Bitcoin technology which means all outcomes are decided randomly and cannot be manipulated by anyone. You’ll find plenty of provably fair gambling sites listed above.
If you stick to the sites we’ve recommended here, you can’t go wrong. We’d never recommend anything we weren’t absolutely sure it was secure, fair, and safe for you to use.
You’ll encounter many different types of games you can try your luck on at crypto gambling sites. Some of them are fantastic and can keep you entertained for hours while others are a tad boring. We reckon you’ll love the following:
Crypto Dice – You’ll place bets on ‘Roll Over’ and ‘Roll Under’ outcomes. For example, if you choose to roll over 2, there’s a great chance that you’ll win. However, the odds will reflect this, and your returns won’t be that great.
Crypto Lottery – This is slightly different than the Powerball lottery that you’re probably used to doing. Instead of picking numbers, you’ll simply buy a ticket and hope that your ticket number gets drawn as the winner. The more tickets you buy, the better chance you’ll have of landing the jackpot.
Traditional Casino Games – Many sites will give you the opportunity to play games like roulette, blackjack, slots, and bingo with your preferred cryptos. You’ll also have the chance to try out different variations. For example, you can play American, French, and European Roulette as well as many others.
Sports Betting – As we mentioned earlier, you can bet on all of your favorite sports teams. For instance, you can bet on Manchester Utd, Liverpool, Arsenal, and all of the other Premier League teams. The possibilities are endless.
There’s no denying that there are certain risks involved with crypto gambling sites. However, if you decide to play with one of our trusted, pre-approved sites, there’s no reason why you can’t reap the rewards and take advantage of all the great things we told you about earlier.
Finally, you should always trust your gut instinct with these types of things. Browse the site and see what sort of vibe you get from it. You’ll often know intuitively if it’s the right site for you and making a decisions will be easy.
Frequently Asked Questions
Q. Are crypto gambling sites legit?
A. There are tons of great sites on the market that want to offer you a premium service and who’ll always play fairly. On the other hand, there are also scam artists who’d love nothing more than to rip you off. Stick to the sites that we’ve recommended, and you’ll be absolutely fine.
Q. How long will it take for my deposit to appear in my balance?
A. This will vary depending on which casino and which cryptocurrency you’re using. It could take seconds if you’re using fast coins like TRX or XRP, or up to an hour if you’re using BTC.
Q. Do crypto gambling sites have minimum and maximum withdrawals?
A. Yes, they absolutely do. For instance, some sites will say the minimum BTC is withdrawal is 0.01, while the maximum might be 10BTC.
Q. Can I use crypto gambling sites from the USA?
Yes, you can. One of the best things about crypto is that it’s permissionless. You can use it from anywhere, at any time, and you don’t need to ask anyone’s permission. If you’re from the USA, you’ll be welcome at most crypto gambling sites.