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What is cryptocurrency in an online casino?

What is cryptocurrency in an online casino?Bitcoin casinos are becoming increasingly popular worldwide. Like the name suggests cryptocurrency online casinos accept digital coins as an exchange medium. And there is a need to understand the differences between crypto casinos and online casinos that support the traditional deposits and withdrawal options, the legality of crypto casinos as well as the casino games that are provided.

The best cryptocurrency casinos

Even as this new cryptocurrency gambling site was established in 2018, Fastpay casino rising to become one of the best cryptocurrency casinos around the world. It is a product of Direx N. V. and is licensed by Curacao, their collaboration with some of the most successful gaming providers guarantees a broad collection of games that can be accessed by players globally. A wide variety of games ranging from video poker, live casino games and other games are available. To start playing on this website, players can simply access the games using mobile devices or desktops, download or installation may not be necessary. In addition to other traditional methods like Bank Transfer, Skrill, ecoPayz, an extensive range of cryptocurrencies such as Bitcoin, Bitcoin Cash, Litecoin, Dogecoin, and Ethereum are supported. This website offers extremely fast payout and is highly compatible with Windows, Android, and iOS devices.

Another product of Direx N.V, this relatively new casino also provide top quality gaming experience to game players, from the brilliant graphic interface to the seamless navigation on the website. The broad collection of games available to customers from trusted gaming providers such as Microgaming, Play n Go, Yggdrasil, and NetEnt, this casino is one of the most trustworthy crypto casinos available. 24-hour customer support is available, and the website offers four language options: English, Russian, German, and French. New players in TTR casino are offered up to 500 free spins as part of their welcome bonus. Different currencies, including American dollars, Canadian dollars, and Australian dollars, are accepted on the website and other traditional payment options such as credit cards. Players on this platform are also guaranteed that their details are kept secure due to the SSL encryption used on the website.

This gaming platform was established in 2018, and although new, it is certified by the Government of Curacao and offers up to 400 games from foremost gaming providers such as Microgaming, NetEnt, Play n Go, Spinomenal, Sigma Gaming, Leander, and Habanero. The games that can be played on this website range from card games and instant win games to table games, as well as other games such as The Slotfather II, Aztec Magic, and Wolves of Fortune. Withdrawals and payments are completed swiftly. First-time players are qualified to obtain up to 2 bonus spins as part of their welcome bonus.

This crypto casino is arguably one of the top crypto casinos around, and this is evident in their award as the Best Bitcoin Casino in 2017. Some of the biggest gaming providers, such as NetEnt, Microgaming, Asia Gaming, Pragmatic Play, Playtech, Yggdrasil, and Foxium. This relatively new casino provides the most lucrative bonuses and promotions available, and this is one of the few online casinos around that accept bitcoin as a payment method. New players are provided with about 20 no deposit free spins and up to 200 Free spins. Numerous payment and withdrawal options, including Skrill, Neteller, and Paysafecard, are available. Their SSL encryption guarantees that the personal details of players remain secure. Their 24-hour customer service is available to customers, and they can be reached via email, live chat, and phone calls.

This leading crypto casino was established in 2004 and is available in more than 15 languages including English, Spanish, Norwegian, Swedish, Italian, German, Japanese, Portuguese, Romanian, Bulgarian, Polish, Czech, Finsafenish, Russian, and Norwegian. There is a wide variety of games from software providers such as Microgaming, Thunderkick, NetEnt, Quickspin, and NextGen players to select from. Numerous bonuses and promotions can be enjoyed by both new and existing players. Their SSL encryption guarantees security and safety while playing on the website. Although there are mixed customer reviews, the negative reviews mostly due to the delayed withdrawal methods, this gaming platform is still arguably one of the best.

Fundamental differences between crypto casinos and online casinos?

There are significant variations between crypto casinos and other casinos online. The most important thing to note is that there are numerous types of crypto casinos. There are 3 popular variants of crypto casinos. The first is the complete crypto casinos where all transactions must be made with cryptocurrencies. Second, the semi-crypto currency casinos or mixed cryptocurrency casinos where payment and withdrawals can be made using digital coins as well as other traditional payment methods. The third type of crypto casino is private casinos that provide closed-source computer software and exclusive games. The shared characteristic between these variants is the fact that bitcoin and digital coins are acceptable modes of payment on crypto casinos. In contrast, most online casinos may not accept digital coins.

Crypto casinos may not be legally authorized, in contrast to online casinos. However, some established crypto casinos may be legally authorized by Curacao. Although the Provably Fair grade is awarded to some casinos without legal authorization as proof that they operate in accordance with the standard rules and regulations, thus showing that it is safe and legal to play games on the website.

What cryptocurrency can I use in a casino?

Most of the best cryptocurrency casinos usually accept more than one deposit method. They usually accept the traditional payment methods as well as some of the popular cryptocurrencies. A few of the widely acceptable digital coins include Bitcoin, Bitcoin Cash, Dogecoin, Monero, Ethereum, XRP, Litecoin. They all operate similarly.

How to fund your account and withdraw winnings in a crypto casino

How to deposit funds

Crypto dealings are completed within a maximum of 10 minutes. However, before your bitcoin can be deposited in your account, you will first be required to buy your preferred amount of bitcoin. One of the most popular bitcoin vendors is Coinbase.

  • Register for a new account on Coinbase, although your personal details may be required here.
  • Then your bitcoins will be sent to your bitcoin wallet, and there are numerous options to choose from, simply check the guide available on the bitcoin page.
  • Select a crypto casino from the ones listed above, then sign up on the website. Bear in mind that your cryptocurrency wallet must be linked to your account on the site.
  • Then click on “deposit”, and enter your preferred amount.
Withdrawing Earnings

Since your account has been funded with bitcoin, if you make some earnings, simply follow these steps

  • After logging in to your account, click on the Cashier’ tab
  • Select your preferred withdrawal amount
  • Then choose your preferred crypto wallet to hold your coins.

In the same way that the bitcoins were bought, cryptocurrency can be withdrawn and converted into your preferred currency, and they can be traded on exchange platforms.

What games are allowed to play in a crypto casino?

Many software developers have delved into the crypto casino scene. Some of the most popular developers including Evolution Gaming, BetSoft Gaming, Amatic Industries, Ezugi, Net Entertainment and a host of others are active on the crypto scene. Similar to online casinos, there are variations in the games available on each casino website.

Most crypto casinos offer their players a wide range of games to choose from. The collection of games available include instant win games, slots, table games, video poker, cryptocurrency poker, and progressive jackpot slots; additionally, some crypto casino websites also offer poker and sports betting.

For a significant number of crypto casinos, players are allowed to play mobile games. This is determined by the availability of a supported interface on mobiles and software that are compatible with mobile devices. If you are looking to experience a detailed and some crypto casinos also support live dealer games. Other available casino games include Crypto Blackjack, Crypto Craps, and Crypto Roulette games.

What are the advantages of playing in a cryptocurrency casino?

The benefits of playing games in crypto casinos are innumerable. Usually, regardless of your area of residence, crypto casinos do not restrict players from playing. In addition to the privacy on their websites, the transactions are usually completed swiftly. Also, some of the usual bonuses available on online casinos are also available on crypto casinos.

  • Swift Transactions

The swift deposit and withdrawal speed on crypto casinos is their one major advantage. Almost all the top crypto casinos accept instant deposits; however, withdrawals may require players to wait for up to 2-3 days. But by using bitcoins, instant withdrawals can be completed. Once bitcoins are transferred to your preferred casino address, you can be sure that the payment would be confirmed almost immediately. The blockchain technology of bitcoin facilitates the swift completion of crypto transactions. No matter the transaction that is to be carried out on a crypto casino, using cryptocurrencies guarantee its completion within the shortest possible period.

  • Privacy

Following the inception of bitcoin in 2009, its sole aim was to make transactions quicker, while retaining anonymity. Bitcoin is majorly aimed at ensuring anonymity. Similar to other widely used digital coins, crypto dealings are not subject to bank or government authorization. This implies that provided you follow some required steps, your details will remain private. More so, in countries where it is illegal to gamble online, players who use bitcoin would find that their details are well concealed.

  • Fair Results

For players who believe that the regulations on land-based casinos are unfair to them and may possibly limit their chances of winning, the crypto scene is filled with many contending crypto operators to select from. Players are only required to confirm the authenticity of the website and get playing.

  • No Tax Restrictions

Governments still do not understand how to regulate cryptocurrencies, what this implies is that casinos that accept bitcoins are not obligated to pay taxes; subsequently, players on crypto casinos are not obligated to pay tax too.

Where to play?

  • No matter if you want to play with crypto or other payment methods, the best choice is Fastpay casino. They have one of the best customer services, and they do care about their reputation. We trust them 100%. 

Our list of best online casinos for money 2020

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