Top 10 Crypto Casino sites for 2019

You may already be playing at online casinos using real money. However, you may not be as familiar with the benefits of cryptocurrency. This digital currency can be used for online transactions, such as funding your crypto casino gaming account. You may withdraw it at any time, with cryptocoins offering you security, anonymity, and global access. Here, we’ll guide you through everything you need to know about cryptocurrency casino sites. Hereunder you will find a list of Top 10 Crypto Casino Sites for 2019

RANKCRYPTOCOIN CASINOCRYPTO LOGOFACTSOFFERPLAY / REVIEW
1
BitStarz Casino
  • Large selection of innovative slots
  • Accepts both bitcoin & traditional currency
  • Fast withdrawals
OFFER
Up to 5 BTC
180 Free Spins
2
BetChain Casino
  • 24/7 customer support
  • Excellent interface
  • Provably fair games
OFFER
150% up to 1 BTC
50 Free Spins
3
mBit Casino
  • Wide variety of cryptocurrencies accepted
  • 200 different online casino games
  • Live casino
OFFER
5 BTC
300 Free Spins
4
CryptoWild Casino
  • Extremely fast banking
  • Huge games selection
  • Impressive customer service
OFFER
150% up to 1 BTC
150 Free Spins
5
Crypto-Games Casino
  • Multi-cryptocurrencies
  • No registration
  • Extremely low house edge
OFFER
Wagering Contests
6
BitCasino.io
  • Real live dealer casino
  • Protected with SSL encryption
  • Not for UK residents
OFFER
Double your deposit
100% free up to 1BTC
7
Playamo Cryptocoin Casino
  • More than 1,000 different games
  • 24/7 customer support
  • Very reputable casinos
OFFER
1BTC Welcome Bonus
150 Free Spins
8
FortuneJack Casino
  • Player anonymity guaranteed
  • Accepts a variety of cryptocurrencies
  • Triple layer SSL encryption
OFFER
Up to 5 BTC
250 Free Spins
9
Anonymous Casino
  • Anonymity guaranteed
  • Instant deposits and cashouts
  • Fast registration through auto-registration
OFFER
Up to 1.5 BTC or 150 LTC
10
King Billy
  • Cool welcome packages
  • VIP jackpots programmes
  • 100s of video slots
OFFER
Up to 1 BTC
200 Free Spins

Bit Starz

Part of Softswiss Group, Bitstarz is one of those casinos that has managed to maintain a sterling reputation. Something of a rarity with Bitcoin casinos, the name comes with automatic trust.

Once that is out of the way, on to what we are really after: games, bonuses and jackpots. There is a very good choice of over 650 games on offer here and you can also check whether the games are part of the Provably Fair system by clicking on the purple tab.

Registration for first-time players is a simple enough process, although if you’re using traditional currency you will be required to give certain credentials like residence, name, phone number etc.

Bet Chain

Although it started out as a crypto casino only, Bet Chain nowadays also accepts traditional currencies. Versatility is the name of the game with this one, and you can deposit in your favourite traditional currency and play in Bitcoin. They have really made it a point to give the player as much flexibility as possible, so that even playing in Bitcoin, or whichever currency you prefer, and the making a withdrawal in traditional currency is possible.

One big pro to this casino is that it’s available in multiple languages and it also has a rather smooth mobile interface, so the fun continues whether you’re on the couch or on the bus.

The bonus system is exceptional, with some good deals both for first-timers and regulars, and withdrawals start at 1mBTC.

mBit Casino

There are some mixed reviews for this one, but the one thing that everyone agrees about is the super-fast and securely anonymous transfers of cryptocurrency (a very vast range is accepted). Although it started out with some customer service hitches, things seem to have improved with a smoother, personalised service that has gone a long way towards strengthening the image of this casino.

Another big issue when this casino started out was its lack of Provably Fair games, but they also seem to have sorted this and have actually partnered up with provablyfair.ro.

As for game experience, mBit comes with a really fancy interface that draws you in, as does its Live Casino and Sportsbook section.

Crypto Wild

This one focuses purely on cryptocurrencies, so you need to have already dipped a toe into this world to be able to play here. Put simply, you can only deposit, play and withdraw in cryptocurrency; traditional currency will get you nowhere.

In the past, a casino that only dealt in crypto would have gotten a bad name. Not anymore. Crypto Wild conforms to the highest security standards and to provably fair standards. They also offer over 1,000 games, jaw-dropping bonuses and some cool jackpots for a wild ride. It’s easy to see why it gets consistently glowing reviews across all fora.

Crypto-Games Casino

Crypto-Games Casino does accept a really wide array of cryptocurrencies, such as Bitcoin, Dash, Dogecoin, Ethereum, Monero, Litecoin and many others. Be aware that you will not be able to use every currency for all the games, as some of the games come with a more restricted list of accepted currencies.

One aspect that has been mentioned as a downside for this casino is that it’s limited to the English language. But, in reality, the interface and the games are very simply and visually explained, so those who don’t understand the language won’t have any problems playing and navigating.

This casino is way simpler than others – there are very few games and no flashy designs. However, it targets the players with a passion for crypto, and here it delivers superbly with an enjoyable and effective set of games.

BitCasino.io

BitCasino.io is another ultra-efficient casino that focuses entirely on cryptocurrencies, accepting Bitcoin, Ethereum,Litecoin and Tron. For some odd reason that amuses me, Japanese Yen are also accepted. However – and this is where the efficiency part really shines – if you don’t own any bitcoin yet, you will still get to play with the cool kids. Customer service at this casino is such that they will actually connect you to a crypto exchange from where you will be able to buy Bitcoin in safely and easily.

Once this is sorted, you gain access to a rather nifty interface with a very decent selection of over 1800 games, including sportsbook and live casino. Joining is fast (funds are credited to your Bitcasino account at once, so you can start playing immediately) as are withdrawals.

Playamo

Does Playamo casino live up to its ‘The Best Way To Win’ tagline? Well, it literally gives you all the options for payments and withdrawals that you could wish for, and not just with crypto currency but even with the most popular traditional methods using fiat currency. Already a great start, though do keep an eye on the 0.2% fee tacked on cryptocurrency use.

But the awesomeness continues as soon as you hit the games' interface. It’s fancy, it’s bright and it has enough slots to make your head – and the reels – spin in the best way possible. The selection for live casino is rather less impressive.

Registration is very easy and withdrawals are also fast; most online reviews you will see about this casino will also confirm this. Finally, the casino is part of the provably fair system.

Fortune Jack

Hundred per cent crypto-based, Fortune Jack accepts no traditional currencies. But it’s all good as this casino comes backed by reputable names that boast a huge portfolio of online casinos and landbased casinos, so you can set your mind at rest that you’re playing with top-notch security and a reliable operator. Naturally, it is also part of the provably fair protocol.

This casino offers a very good roundup of all betting possibilities, with a provably fair selection of games to boot. The live casino section is rather impressive, with very good options on blackjack, poker and roulette and sleek graphics to complement them.

Anonymous

The biggest draw of this casino lies in the name – Anonymous. Here, you are guaranteed total anonymity, no personal information is required and no intermediaries are used. This also means that registration is extremely fast and no-nonsense; first-timers can start playing before you can say “odds on”.

If you’re worried by the name itself – you’re trusting your hard-earned cash to ‘Anonymous’! – don’t be. The casino enjoys an excellent track record in withdrawals and honouring wins, and it is also part of the provably fair protocol.

The selection of games is spectacular, and this casino is an all-rounder in terms of slots, sports, crypto-games and live casino. Play on!

King Billy

This casino has only been around since 2017, yet it has already won a plethora of awards – this alone, is enough to place it up there with the best crypto casinos currently available. Add a seriously sleek interface that spells class, and I can safely write that King Billy really rocks the good vibes.

This casino accepts both crypto and traditional currency and offers almost 1500 slots. I’m still counting as I type. There’s also bitcoin games and live casino, so there’s enough to keep the boredom at bay. The only catch? Not part of any provably fair protocol.

What are some examples of crypto casino sites?

Of course, the best way of understanding exactly how good the quality of crypto casino sites is right now is to check them out for yourself. The amount of choice out there is enormous. So, this is simply a quick look at a few quality options, chosen as random, to give you an overview of the type of thing you can expect. Unlike our top 10 table, this is by no means an intention of ranking these crypto casino sites, either against each other or against the rest of the competition.

With that in mind, let's take a look at three crypto casino sites so you can see what’s available.

Crypto-Games.Net

Crypto Games slot game

This is a highly critically acclaimed crypto casino option, and it’s easy to see why. The many five-star reviews for this site praise its speed, simplicity and provably fair games. Our experience backed these claims up. We had no issues with Crypto-Games.Net during our time with the site, with everything running as smooth as butter every time we logged in. As far as simplicity goes, we can attest to that too.

One of the things which puts people off these kinds of sites is the idea that they’ll be hard to understand and more importantly, hard to use. That certainly isn’t the case with Crypto-Games.Net. Its design has clearly been carefully considered to best utilise the player’s experience. And they’ve come up with an end product which is as intuitively designed as many of the best and well-known traditional casino sites out there.

As for provably fair games, well, the benefits of that go without saying. Fairness is absolutely vital to the success and longevity of any casino and having provably fair games should help ensure that Crypto-Games.Net continues long into the future. When you combine all this with the fact that it has a huge variety of cryptocoin options, along with great jackpots, then you’re certainly onto a winner with this one.

We suppose the only negative comes down to a matter of taste. Despite its cutting-edge technology, Crypto-Games is rather old school in its gaming and aesthetic approach. And although that’s not necessarily a bad thing, it won’t suit everybody.

PrimeDice play it at a crypto casino

While we don’t think PrimeDice will be as interesting to some readers compared to many of our other recommended sites, it’s a really unique option that showcases just how varied the options for cryptocurrencies can be. PrimeDice is a crypto dice game, and a fantastic one at that.

PrimeDice home page

The ins-and-outs of the game are best experienced for yourself because you can customise it exactly to your liking. You can even have custom themes. And it displays a huge number of stats including wins, losses, amount wagered, current profit, number of bets and more. This is the only game available here, but it’s elegant in its simplicity. Perhaps most important is the way it uses cutting-edge technology to verify the fairness of every roll.

The downside to this site is obvious. It’s only one game. But, if this one game is what you’re looking for, we honestly don’t think it could be done any better than this. But that’s hardly a flaw with the site itself. After all, that’s the whole concept: to focus and perfect one game. Not only that, but the site assures the player that the house edge is a measly 1%. Good luck matching that anywhere.

Something that we can view as a legitimate flaw is that only Bitcoin is available for PrimeDice. This is a shame because we’d like to see this unique online specimen get more of a following. And more options is one way to do that.

Overall though, you need sites like this to keep the online gaming world interesting. There are plenty of options which can be considered all-rounders, which means that having more left-field options like this can only improve the market. The internet is vast and there’s room for both this kind of site, and our next pick.

mBitCasino as a crypto casino

If you think that the sites we’ve talked about so far look interesting but you’re hankering for something a little more modern, then mBitCasino might be the crypto casino for you. The purpose of the crypto casino sites we’ve picked here is to show the diversity that’s available. So, our first pick showed us a classic style. The second showed a unique and unusual example, but one which offers fans of that game an excellent product and a super low house edge. Here, we have a crypto coin casino that can compete with any contemporary casino site, regardless of currency options.

mBit Casino games

This site has thousands of games utilising top software developers like Betsoft, NetEnt and Endorphina. It’s also beautifully designed. This is the kind of online casino which wouldn’t look out of place next to the household names of the gaming world. Plus, it’s easy to navigate. The structure has clearly been as carefully crafted as its aesthetic. Features include bonuses, loyalty points and a live chat feature.

It has pretty much everything you would expect from a modern casino, but it uses Bitcoin. And what’s important to note here is that mBitCasino is far from the only casino offering an equivalent product to those using traditional currencies. It is now the norm for cryptocurrency casino sites to be every bit as good as their counterparts. So, your expectations should remain just as high.

On top of that, all these options have also provided room for innovation, both in style and concept, as we’ve seen from our first two examples. Using cryptocurrency casino sites does not need to be any kind of compromise, no matter what you’re looking for. This is just a snapshot of the whole world of options that are available to cryptocoin users, the best of which you can find in our top 10 table above.

What are the types of cryptocoins available for crypto casino sites?

Popular cryptocoins include;

  • Bitcoin: The original and most famous cryptocurrency in the world
  • Bitcoin Cash: This cryptocurrency emerged from a block size dispute
  • Litecoin: This is similar to Bitcoin but with faster transaction times
  • Dash: The most popular cryptocurrency in Venezuela
  • Dogecoin: A light-hearted cryptocurrency born from a popular meme
  • Monero: An algorithmically distinct cryptocurrency built around privacy
  • Zcash: A cryptocurrency with the option to prove payment for auditing
  • Ethereum: This cryptocurrency boasts fast block times and low fees
  • Ripple: A system that allows secure, free and instant global transactions

Right now, there are quite literally thousands of different types of cryptocurrency out there. However, not all of these will be worthy of your attention. Not necessarily because they are not a useful tool – although that will surely be the case with many options – but often because they have specific uses not relevant to you. Nonetheless, the remaining set of options available is still pretty vast and can be overwhelming.

However, just as is the case with so much of this subject, what initially seems insurmountable and complicated is actually very simple once you break it down. With that in mind, we are going to take a look at a select few cryptocurrencies for you to choose from. Now only will we discuss the differences between them, but we’ll also link to a page where you can learn even more about these currency options. There, you will also be able to take a look at the top 10 casino options for that currency alone. This should help you further refine your search for the perfect crypto casino site for you.

Using Bitcoin on a crypto casino

Bitcoin logo

Of course, we couldn’t really start with anything else. Bitcoin is the original cryptocurrency. It’s essentially the reason that all these others exist in the first place. So intertwined is the history of cryptocurrencies and the history of Bitcoin that you cannot tell one without the other.

It was released in 2009 and has since exploded in popularity. Even to this day, with somewhere between three and six million unique users of cryptocurrency wallets, it’s important to note that most of them use Bitcoin. It has made headlines for its rocketing value and has also been the subject of great controversy. But there is little doubting the fact that Bitcoin remains the most popular and successful cryptocurrency in the world.

It would also make sense then Bitcoin also has the most options when it comes to casinos. That means the competition is fierce for Bitcoin crypto casinos and the options are vast. With that in mind, make sure to check out our top 10 Bitcoin casinos page for the definitive ranking of the best of the best.

Using Bitcoin Cash on a crypto casino

Bitcoin cash logo

This may get a little bit technical. Back in 2017, a code change was enforced to increase the block size of Bitcoin. This split the cryptocurrency in two and led to the creation of Bitcoin Cash. The only technical difference between the two is that Bitcoin Cash can have larger blocks in its blockchain, which should in theory decrease transaction times. This is a slight advantage it holds over its bigger brother.

The history behind this split is a long and bitter one. It came from disputes between two opposing Bitcoin camps regarding block sizes. So controversial was this move that many still refuse to call it Bitcoin Cash because they feel that gives it too much credibility, and instead refer it to Bcash.

Nonetheless, there’s no doubting that Bitcoin Cash is a cryptocurrency in its own right and is capable of being used as a currency in crypto coin casino sites and elsewhere. Ultimately to users, that is what is important– not the philosophical and technical arguments which led to its creation. And if you are a Bitcoin Cash user, you’ll want to know where’s best to utilise your cryptocurrency. For that, you’ll want to check out our top 10 Bitcoin Cash casinos list.

Using Litecoin on a crypto casino

Litecoin logo

Other than Bitcoin, the most recognisable cryptocurrency on the face of the planet is likely Litecoin. And that’s no small feat. There was a time when Bitcoin was so synonymous with this concept that it seemed like it would be forever the only type of cryptocoin anyone outside of technical circles would be able to name. Litecoin has proven that is not the case.

It is an early example of a Bitcoin spinoff, arriving in 2011. However, what is really important for users is that Litecoin is virtually identical to Bitcoin from a technical standpoint in almost every way. That means the anonymity, the security, and the lack of a controlling authority all apply here.

However, there are a few major differences between Litecoin and Bitcoin. One is that it uses scrypt in its proof of work algorithm. Without going into the finer technical points, this makes mining Litecoin both more complex and more expensive. The other major differences are that transaction times for Litecoin are faster. While Bitcoin processes a block every 10 minutes, Litecoin takes around a quarter of that time. There are also differences in where you can spend Litecoin. Despite its success, it is not quite as prevalent as Bitcoin.

That being said, we think you’ll be pleasantly surprised to discover the depth of options available to Litecoin users. So, make sure you check out our list of the top 10 Litecoin casinos to discover where you can spend your cryptocoins.

Using Dash on a crypto casinoDash logo

An interesting cryptocurrency, this is another which showcases the versatility of the concept. It’s the most popular cryptocurrency in Venezuela. This has made it both one of the top cryptocurrencies in the world (at least top 12, according to reports) and in 2018, gave it a market capitalisation of $4.3 billion.

It was forked from the Bitcoin protocol but does have certain distinctions which may be beneficial. Other than price and volatility – which, of course, are distinct for all cryptocurrencies – the main difference is the speed of its transactions. Dash utilises a consensus of masternodes, as opposed to a mining system in order to create faster transactions. As an example of how far the currency has come, consider that it is now used as payment in the legal cannabis trade in the United States.

If you think Dash is the right cryptocurrency for you, then there’s plenty of crypto casinos for you to choose from. To find out more, check out our list of the top 10 Dash casinos.

Using Dogecoin on a crypto casino

Dogecoin logo

Things are about to get stranger, and a whole lot sillier. Dogecoin is most recognisable because of its use of the “Doge” internet meme as its likeness. It’s a Shiba Inu breed of dog for those unaware of the internet phenomenon and was introduced as a joke currency back in 2013. Really though, it’s a testament to just how creative cryptocurrencies can be. Not only that, but people have actually started using it seriously. We doubt it will ever gain the traction of our other examples, but it is used as a kind of internet tipping system. And, believe it or not, it can also be used on many online crypto coin casino sites.

In terms of practicalities, the main difference is that there’s no limit on the amount of Dogecoins that can be produced. It’s an inflationary coin following the lift of its 100-billion-dollar coin limit. This, of course, makes the coins less valuable by reducing the inflation rate over time. While that would be an issue for many cryptocurrencies, it really fits in with the light-hearted model of Dogecoin, which provides a fun alternative to the more serious models.

Plus, you can still enjoy a whole host of great crypto casinos. Check out our list of the top 10 Dogecoin casinos to find out where you can wager these unique crypto coins.

Using Monero on a crypto casino

Monero logo

And now for a much more serious example of a Cryptocurrency. Monero differentiates itself by utilising the CryptoNight proof of work hash algorithm, making it algorithmically distinct. While the technical details of this are incredibly complex, some example of the techniques it implements include putting ring signatures of users together to make them tougher to link and utilising stealth addresses. That’s just a very, very brief overview.

All you essentially need to know is that Monero is built around the importance of privacy. If that is of prime concern to you, as it is for many people, then Monero might be your ideal cryptocurrency. Of course, it’s not as well-known as Bitcoin, and there are therefore fewer crypto coin casino sites available. However, in the vast world of online casinos, that still means that there’s more choice than you could possibly imagine. To help you get started, we’ve compiled a list of the top 10 Monero casinos.

Using Zcash on a crypto casino

Zcash logo

Much of what we have said about Monero can pretty much be repeated here. Essentially, the aim of Zcash is to provide a cryptocurrency with greater privacy. It does this, in basic terms, by utilising Cryptography. This, of course, is where cryptocurrencies get their name from, and is essentially a system for sending communication securely. One of its most famous uses was to encrypt important military messages during WWII.

Another benefit of Zcash is the option to prove payment for the purposes of auditing and so users can adhere to tax regulation. In fact, the company has even had meetings with law enforcement agencies, so serious are they about this aspect of their business. If its unique properties make Zcash the right cryptocurrency for you and you want to use it in the online gaming world, but don’t know where to begin, then take a look at our top 10 Zcash casinos list.

Using Ethereum on a crypto casino

Ethereum logo

In all honesty, the differences between Ethereum and many others on this list – in terms of how they operate, their concept and their history – is so vast that it would require an entire qualifications worth of knowledge to really get to grips with it. However, what matters to you as a user is how it is different to the likes of Bitcoin on a practical level.

First and foremost, its block time is several times faster, running at about 15 seconds. For reference, Bitcoin takes around 10 minutes. Also, transaction fees are generally lower by a significant amount. There’s much, much more to it than that. But the most important thing for you is how it can be used. And one place you can spend Ethereum is in online casinos. To find out exactly where you can play with your Ethereum, visit our top 10 Ethereum casinos page for more information.

Using Ripple on a crypto casino

Ripple logo

The thing that is important to note about Ripple is that it is not a cryptocurrency. Rather, it is a system that allows secure, free and instant global transactions. In other words, it is not the money, but rather the system through which the money is transacted. And it is one that has proved hugely useful. It has been used by banks and payment networks, who have utilised its native cryptocurrency XRP.

The system supports also supports units of value, even including things like frequent flier miles. Really, it is a surprise that Ripple is not more of a household name, considering that it is the second largest coin by market capitalization. In any case, its users know just how useful Ripple is. And it’s even more useful now you can utilise it to enjoy many fantastic online casinos. To get a taste of what is out there, be sure to check our list of the top 10 Ripple casinos.

Why it’s a great time to sign up to a crypto casino

There’s never been a better time to be looking for an online casino than right now, and the reason for that is variety. The bigger the online gaming world has gotten, the more betting sites there are vying for people’s time and attention. While this does mean that there are many bad casinos out there, it also means that there’s a huge upsurge in quality at the top end.

Casinobit slot games

More options mean casinos have to work harder to offer the best possible product they can. The reason for this is simple. Customers know that they have a huge amount of choice. If a casino is offering anything less than a world-class product, they simply won’t stand a chance against such fierce competition.

This mean that you have better quality casino sites, more generous promotions, improved customer service and, in general, a superior betting experience. Another thing that increases with more competition is diversity in the products being offered. When the market was more limited, bookmakers could get away with resting on their laurels. Now they know that in order to stand out among the rest, offering a more varied selection is key.

And we’re not just talking about the sheer amount of games available to bet on, although that is part of it. Plenty of bookmakers have realised that they require a niche in order to carve out their piece of the online betting market. This can take many forms, but one of the most successful to emerge is the prevalence of crypto casino sites.

The rise of crypto casino sites

Crypto Games home page

If you understand what cryptocurrency is, then you will have a pretty good idea of what cryptocurrency casino sites are just from the title. And if you don’t, well, we’re going to take a much more in depth look at cryptocurrency very shortly. Until then, all you really need to know is that they are a form of online currency.

There are differences between cryptocoins. Many have distinct advantages but ultimately, their fundamentals are the same as any other currency. Plus, the way they work with online casinos is also the same. You deposit funds and bet pretty much the same as you would otherwise. This means that you don’t need to think of cryptocurrency casino sites as being particularly alien or different from any other casino site. The change in currency doesn’t fundamentally change how they operate. They are still online casinos. So, what makes them good or bad remains the same. How you win or lose remains the same. The only thing that has changed is the type of currency.

Due to this, the way we judge these crypto casinos doesn’t change either. We hold cryptocurrency casino sites to the exact same high standard as we would any other casino site. Therefore, we expect excellent customer service, great promotions, a wide game selection and everything else to be top-notch to be considered worth our while.

Pinnacle payment methods

We even consider the variety of deposit methods. That’s because there’s several types of cryptocurrency out there. And the more options, the wider the field of people they can appeal to. Not only that but many casinos give you the option to deposit with both traditional options and cryptocurrencies. Some people wrongly assume that their choice in payment methods are much more limited with these types of crypto casino sites. However, you can often find more options than you might imagine.

Finding your ideal online casino

Like we said, you have a huge amount to choose from as a customer these days, meaning you shouldn’t settle for anything less than excellent. Cryptocurrency casino sites have long since gone past the point where they can be considered niche. And although they are less common than the traditional casino options, the amount available remains eye-wateringly high.

This also means that our top 10 recommended selection is truly elite. When the overall standard is so high in general, to be the best of the best means truly exceeding expectations. If you want to see what we consider to be the pinnacle of cryptocurrency casino sites, check out our top 10 list above.

Anonymous crypto casino home page

What are cryptocoins?

Crypto coins are a form of cryptocurrency, in the same way that a dollar is a type of physical currency. Just like money, cryptocurrency is used to buy goods and services. So, if it essentially works as a different kind of money – digital money if you will –, then what exactly is the point of it? Why would someone use this form of currency over the traditional kind?

The key reason is security and anonymity. These two things really go hand in hand for a lot of people. In many cases, in order to utilise transactions safely, they also need to be anonymous. There are quite literally countless reasons for this. An attempt to go through them all would not only be futile but would also make this article the size of several novels. People may need anonymity to protect their privacy. Local laws may make it necessary – such as to access USA casino sites or Thai-friendly online casinos – and, of course, the value of needing to keep your money, of any kind, safe and secure is obvious.

How do cryptocoins work?

Your understanding of this subject can really be as in depth or as simple as you want it to be. Realistically, as a player, you don’t need to know how cryptocurrency works any more than you would need to understand how global economics operate or how the plane you’re flying on gets into the air. As a user, all you need to know is how you can utilise cryptocoins.

Depositing in bitcoin

The other side of things is how they work on a more technical, conceptual level. Many of you may only be interested in how they work from a practical standpoint. So, we’re going to start by discussing that before we move onto the basics of how cryptocurrency functions. A full explanation is something that would require a huge amount of technical understanding. However, we can have a look at some of the more prominent concepts.

Getting an idea of how these things work can not only be interesting but also provide piece of mind to people who are new to these currencies. So, while we know we can’t cover everything here, we’re going to provide enough information for a base level of understanding for those purposes. If you want to learn more, the amount of reading material available on the subject is absolutely mammoth. We hope our introduction can help guide you on the type of concepts you’ll want to look up.

How cryptocurrencies work: from a practical standpoint

First off though, let’s cover what you need to know.

Step 1: Choose your cryptocurrency

One of the most important things is to not be intimidated by the idea of cryptocurrency. In terms of your use, it’s not much different from using a credit card or PayPal to buy things online. The first step here is actually choosing what type of cryptocurrency you want to use. We’re going to go through different options in detail later in this article.

An obvious example is Bitcoin, the first and most famous cryptocurrency. However, there are many others, each with their own selling points. So, do some research and decide from there which is right for you.

Selection of cryptocurrencies

A really important point here is to make sure that your choice of cryptocurrency is accepted by your preferred crypto coin casino. Some crypto casinos focus on one option, while others have several. Either way, compatibility between the casino and currency you want to use should be vital in this decision-making process.

Another really important thing to understand is that cryptocurrency is a volatile market. This means that their value can decrease dramatically, just as they can increase dramatically. People often remember the latter but not the former point, and this can lead to serious financial issues. Do not buy more cryptocurrency than you can reasonably afford if a crash should happen, regardless of what type you choose.

Step 2: Buy your cryptocurrency

Once you have made this decision, you can move forward with purchasing cryptocurrency from an exchange. This will also require you to make a decision, as there are hundreds of exchanges available. Researching your best options is important here. Exchanges are incredibly valuable to hackers, meaning assessing the security of an exchange is vital to remaining safe.

Coinbase home page Crypto casino

The other main issue is the fees they charge and the different methods of payment they accept. Obviously, you’ll require the exchange to accept a payment method available to you, just as you’d need to find a crypto casino which accepts your preferred type of cryptocoin. In terms of fees, well, the lower you can get the better, assuming that doesn’t come at the cost of things like security.

An example of one of the best-known options is Coinbase, which is both popular and trusted. It can be used with options like Bitcoin and Litecoin, and can be accessed with a mobile app. These exchanges will require you to create an account in order to buy crytocoins, meaning you’ll need to provide information about yourself and confirm your account.

Tip: Don’t forget your crypto-wallet

Also important here is having a place to store your digital cash. You may imagine that storage isn’t really an issue considering you’re not dealing with physical money. But, just as would be the case with a credit card, this is sensitive financial information.

For this, you will need a cryptocurrency wallet. There are two parts to this: a private key and public address. The key is how you access your wallet and therefore your money. Just like your bank details, were someone to get hold of this information, you would likely see your money quickly disappear. The public address is how you can receive funds.

Freewallet home page

There are several crypto-wallet options, which is a subject that could be an article entirely of its own. However, one thing that is important to understand is the difference between hot and cold crypto-wallets. A hot wallet is connected to the internet, for example, through an exchange platform, and the keys are managed by the provider. It is generally considered good practise not to leave large amounts in such a wallet. Cold wallets are not connected to the internet, or at least, can be disconnected from the internet. For example, this may be on a hardware device that can be taken offline.

Usually, the choice over which kind of wallet you prefer depends on the amount of money you are storing. Other factors, including what kind of cryptocurrency you are using, are also important in your decision. Regardless, once you have made all the relevant decisions and have bought and stored your cryptocurrency, you can then use it as digital cash to spend, or in this case, bet with.

Step 3: Spend your cryptocurrency

Now you’ve got your digital cash, you can spend it however you like. Although it is, of course, more limited than traditional cash methods in terms of who accepts these virtual currencies, you will likely be surprised by the sheer amount of options available. People use it to book a holiday, invest in new enterprises and even give to charity. Once you’re all set up, you can use Bitcoin with the ease of a credit card, on whatever you wish.

Facebook cryptocurrency Crypto casino

Like we said, there are limitations. You can’t go into a supermarket and do your weekly shop with Bitcoin. Nonetheless, those limits are expanding all the time. Even Facebook is now getting in on the action in a move that will surely see this kind of currency become more mainstream. The future looks bright for these currencies, with the present already offering a ton of opportunities.

How cryptocurrencies work: The basics from a technical standpoint

Before we get into it, we are going to reiterate that crytocurrencies, from a technical standpoint, are very complicated. We couldn’t possibly cover everything here. However, here are some core concepts for you to understand to get your head around the basics of how this all works.

Transactions

This is a transfer of funds between two digital wallets. It’s just like how a bank transaction refers to funds moving from one bank account and entering another. These transactions are recorded on a public ledger – more on that in a moment – before it is confirmed. Electronic signatures are used to show, using mathematical proof, that the transaction came from the person who owns the wallet.

Crypto wallet transfer

Public Ledger

This is essentially how this entire system doesn’t fall apart and leave the currencies worthless. The public ledger keeps records of digital transactions to maintain the value of the currency. This is done by ensuring that each transaction uses the coins that are owned by the spender. Without this record keeping, the inability to keep track of how much money each user has would certainly cause cryptocurrencies to collapse.

Mining

Part of this process is mining. This is how transactions are confirmed and then added to the public ledger. The miners have to solve a puzzle, which is open source. So, anyone can solve and thus confirm the transaction. The block of transactions is then added to the ledger.

This complicated process is intended to make it impossible for a single individual to change or add to this block. Thus, this maintains the integrity of the system. This is known as a proof of work system.  Once the block is added, the transactions are permanent.

Blockchain image

If this all seems complicated, well, that’s because it is. And these are just a few basic concepts. However, we hope that this brief overview of some of the things which make cryptocurrencies work have reassured you that this deeply complicated system exists to keep things as safe and stable as possible. And while these markets can be volatile, the fundamental principles upon which they operate have been carefully considered.

What are the advantages of using a cryptocurrency?

Now you hopefully have some understanding of how cryptocoins work – at least enough to feel confident in using them – we can start to talk about why you would want to use this economic alternative. We’ve, of course, briefly mentioned two of the main reasons behind so many people’s choice to use cryptocurrency, but that really doesn’t go into the depth of the advantages that are offered.

Some of the main advantages to cryptocurrency include;

  • Protection from fraud and identity theft
  • Decentralisation
  • Low fees
  • Universal access
  • Easier asset transfers
  • Individual ownership
  • Adaptability
  • A wider selection of online crypto casinos

Here, we’ll be taking a look these benefits in more to detail to show you why it’s worth considering using a cryptocurrency over more traditional payment methods.

Protection from fraud and identify theft

When people talk about security, this is often what they are referring to. As these currencies are digital, they can’t be counterfeited. Plus, their anonymous nature also deters against identity theft.

Security of cryptocurrencies

As you are sending digital currency, the funds in your bank account cannot be accessed should the transaction be intercepted. Sending money from your bank account requires sensitive details to be inputted. In contrast, when the cryptocurrency holder is sending the digital cash, that doesn’t require them to send any additional information. Identity theft, in that instance, can’t be committed, as the information that is required is simply never out there to steal in the first place.

Decentralisation

This is more of a conceptual advantage at the moment rather than having immediately practical benefits. Cryptocurrencies are not run by a central authority. They are instead run by a network. In other words, there is no controlling entity which can take advantage of their position of power. Decentralization means that this operation works entirely on a user to user basis.

Low Fees at a crypto casino

Nobody likes transactions fees. In general, they are not something you have to contend with when it comes to cryptocurrencies. There are other fees associated with utilising a third-party company for creating and maintaining your Bitcoin wallet. Overall though, you should still find yourself paying less in additional charges when compared to more traditional payment methods.

Cryptonator website Crypto casino

Universal Access

Cryptocoins don’t have any borders. This means that billions of people across the world – pretty much anyone with internet access – can utilise this new form of money no matter where they are from. Alongside this, there’s no need to worry about things like interest rates, international charges or exchange rates. Essentially, this creates a level playing field on a global scale that we’ve never seen before. The internet is boundless, and so is cryptocurrency.

Easier Asset Transfers at a crypto casino

Blockchains have been described as large property rights databases. These can be used to create a contract between two parties, just as you would find when buying property in the real world. However, it’s also more versatile than that. They allow different modes of transfer and even allow contracts to be completed at a later date, include third party approvals and more.

As the sole owner of your account, you can also save time and money when transferring assets. In general, asset transfers with cryptocurrencies are more free, faster and cheaper than their real-life alternatives. This brings us to our next point.

Global accessibility of cryptocoins

Individual Ownership

Unlike a traditional banking system, where you hand over your assets to a third party, cryptocurrencies put you as the sole owner of your private encryption fees. This ultimately makes you the manager of your own financial destiny. You don’t have any concerns about your account being closed or internal issues with the bank risking your assets.

Adaptability

Did you know that there are well over a thousand different types of cryptocurrencies? Don’t worry, you won’t need to research them all to find one that is right for you. For most people, a few options will have everything they need. Nonetheless, this does speak to just how versatile these currencies are. Many are even made for one specific use within various businesses. No traditional currency can boast such a unique set of uses. Plus, we’ve only begun to scratch the surface of how these different methods of payment could improve the future.

A Wider Selection of Online Crypto Casino sites

Of course, if you’re here, then what you’re looking for are some great cryptocurrency casino sites. Not only are they available, but they are far more than just being an alternative for people who can’t use regular options.

Cryptothrills home page Crypto casino

The selection of cryptocurrency casino sites has gone from being limited back at the birth of Bitcoin to a truly excellent selection today. So much so that we’d say one of the key advantages of using cryptocurrency is that it increases the amount of casino options you have. Keep in mind that you can still have access to all the non-cryptocurrency accepting online casinos. And many quality options now even cater to both traditional and cryptocoin deposit methods. This means you have more versatility in your banking.

Ultimately, having more casino types is just a win-win situation. It means that there’s more options, more competition, better quality and a better selection. So, you can find the right casino site for you. Using cryptocurrency simply opens you up to even more options.

What about the Provably Fair protocol?

Playing is about having fun, but also about having a sporting chance to win. This is why online casinos and game developers have created a system where the player always knows about what are the odds of winning.

Think about things like RTP and House Edge and Random Number Generators – they put our minds at ease that the casino is giving us a fair deal!

Top crypto casinos have added an extra layer of ‘fairness’ that other online casinos don’t as yet have. This is done through the Provably Fair protocol, an algorithm that lets players check whether they are being cheated. Casinos that are part of this system are more trusted, and with good reason, as they are using proven, independent technology to set their players’ mind at rest.

How does this work in practice? The casino creates a seed number for every bet; this number is hashed (a form of encryption) and sent to the Bitcoin player. The player adds their own seed to the bet. When the bet ends, the player receives the seed once again and, if there’s a match, the bet is verified.

So, what gives the game away, if a casino tries to cheat? Any manipulation results in the hashed seed being changed, which means that the casino tried to cheat and the bet is null. Every game uses a different algorithm, and players carry out the checks themselves, which means full transparency.

The top crypto-based games

As crypto-currency betting increases in popularity, so does the choice of games that support crypto-currencies with a smooth, fun and reliable experience. It all started back in 2012 with Satoshi Dice (nowadays also known as Mega Dice), possibly the first blockchain-based betting game. The game didn’t work like the traditional gaming software we are all familiar with; instead, players placed a Bitcoin wager directly at one of the static addresses provided. No website or software is necessary.

Today there are many options to choose from, with Bitcoin dice sites being the most popular. This is mostly because they are very easy to play and it is also easy to track the provably fair element.

One of the most widely-used crypto dice site is Trust Dice, which generates random numbers using the provably fair two-seed process. An added bonus is that, while playing, users passively earn tokens that can be exchanged for Bitcoin and Etherium currency.

All casinos that accept crypto-currencies offer a selection of slots that are compatible with this currency option. However, there are far less live casino games, like Blackjack and Roulette, that also offer this option. In fact, with one of the biggest attraction of crypto-gaming being the complete anonymity, Live Crypto Casino games don’t always guarantee the same full anonymity of slots and dice.

Conclusion

There was a time when crypto-currencies and casinos that dealt in them were viewed with some suspicion, but not anymore. Today, some of the most trusted commercial names in the casino industry, as well as game providers, are happy to hop on to the cryptocurrency train, which many players view as more convenient.

With additional security measures like provably fair brought into play, checking out which casinos are trustworthy has become a very simple matter. Once you’ve ensured that the casino credentials are satisfactory, there’s only one thing left to do – lay those odds, place your bet and enjoy!

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Top 10 Cryptocoin Casinos
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Top 10 Cryptocoin Casinos
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In-depth guide to crypto-currencies along with cryptocoin accepting casinos. Visit to unlock everything about the crypto casino sites.
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