Guide to the Best Crypto Casinos in 2023 – Gamble with Crypto
Cryptocurrency has achieved full legitimacy as the secure financial system that it is. This has led to widespread adoption within the gambling industry. These casinos are online casinos which accept cryptocurrencies as a payment method. Read on to learn about the best crypto casinos you can game on today!
- Top 10 Crypto Casinos for 2023
- What are the Best Crypto Casinos?
- What is a Cryptocurrency?
- What are Crypto Casinos?
- The Benefits of Crypto Casinos
- The Best Crypto Casino Bonuses
- The Best Cryptocurrencies for Crypto Casinos
- Crypto Currency Value
- The Rise of Top Crypto Casinos
- How do Crypto Casinos Work?
- Depositing at Crypto Casinos
- Crypto Casinos Withdrawals
- Are Crypto Casinos Safe?
- Are Crypto Casinos Legal?
- Choosing Top Crypto Casinos
- The Best Crypto Games
- Provably Fair Crypto Casinos
- Best Crypto Casinos FAQs
Top 10 Crypto Casinos for 2023
Up to 60% Rakeback
What are the Best Crypto Casinos?
Naturally, online casinos want to be as up to date as possible in accepting the latest and most secure payment options. That’s where crypto casinos come in. When it comes to quick, secure, and private online transactions, cryptocurrency is the new kid on the block, at least relatively speaking. But what is cryptocurrency anyway? How does it work? And why should you care?
What is a Cryptocurrency?
Unless you’ve been avoiding any sort of internet use over the past 10 years, you’ve at least heard of the term cryptocurrency. As the name suggests, cryptocurrency, is a financial system based on cryptography.
Cryptocurrencies are decentralized, blockchain-based, transparent and highly secure.
“What’s with all the jargon?”
Well, give us a chance to explain!
- ‘Decentralized’ refers to the fact that no one central bank, government or corporation owns any one cryptocurrency.
- A Blockchain is a form of peer-to-peer computer network in which each computer or ‘node’ holds part of the information forming the larger network. Each node contributes to an expanding chain of transaction verified by the whole network.
- All cryptocurrency transactions are recorded on a verifiable public ledger, leading to their transparency and security.
While we’re sure you’ve heard of a little cryptocurrency starting with a ‘B’, do you know about Ethereum, Litecoin, and Dogecoin? And that’s just scratching the surface!
There are hundreds of different cryptocurrencies out there, with some casinocoins specifically dedicated to gambling! We’d recommend you give this 2-minute video a watch, if you’d like to go into slightly more depth:
Check out the current value of some of the most popular and largest cryptocurrencies out there:
What are Crypto Casinos?
Casinos which accept cryptocurrency are a natural extension of the new digital cash platforms’ popularity. In fact, Crypto Casinos are online casino websites which accept cryptocurrencies as a payment method.
These online crypto casinos will allow you to play all of your favourite online casino games, except now you can deposit and/or withdraw using your ideal cryptocoin too!
Apart from crypto gambling, cryptocurrencies are also popular for a range of other financial transactions. Some countries have even accepted some crypto as their official tender, owing to the technology’s security and widespread acceptance.
The Benefits of Crypto Casinos
A new payment method is all well and good. But what’s the big deal? What kind of additional benefits can players expect when they’re playing at online casinos which accept cryptocurrencies?
While some will claim that cryptocurrencies and crypto gambling sites are anonymous, this isn't stricly speaking true. More accurately, crypto is pseudonymous. Since cryptocurrencies are decentralized, no central financial authority will be keeping tabs on how your hard-earned money will be spent. This means that crypto gambling casinos can be much more freeing than other online casinos using traditional (Fiat) currencies.
Most cryptocurrencies have public ledgers which record all transactions.
While these are accessible by anyone, including people not part of your cryptocurrency, they will only show pseudonymous account names or wallet addresses, rather than your actual personal information.
This means that while you’ll know your transaction went through successfully, others not privy to your account’s name or information will be none the wiser!
Instead of relying on trust in a central authority, transaction verification is based on cryptography and computing power. The public ledger we previously mentioned, also leads to an additional layer of security and verifiability, by allowing you to directly check in on transactions.
Smaller Fees and Larger Bonuses
Cryptocurrencies’ decentralization has the additional benefit of reducing the service charges involved for both online casino websites and gamblers alike. This means that crypto casinos can afford to offer their players larger and more generous bonuses!
The Best Crypto Casino Bonuses
Because of this, some of the best online casino bonuses are at online casinos that take this new monetary medium!
Whether you’re in Germany, Thailand, India, Canada, Singapore, Slovakia, Latvia or any other country, you can make use of cryptocurrencies. Keep in mind that there still exists the limiting factor of online gambling regulation.
While it’s probable that using cryptocurrency in your country is completely legal, an online gambling site might not be. So be sure to double check the local laws and regulations for you!
The Best Cryptocurrencies for Crypto Casinos
We’ve been talking a lot about cryptocurrencies in general without much mentioning the specific cryptocoins themselves. Let’s check them out!
Crypto Currency Value
The Rise of Top Crypto Casinos
Since original examples of cryptocurrencies came out in the early 2010s, there has been an explosion of development and wealth in the crypto sphere.
Not known to be an industry which lags behind, online casinos quickly saw the potential in offering compatibility and support for the new and innovative payment methods. Innovation is the casino industry’s bread and butter:
- Casino gamification
- App and browser-based mobile casinos
- Huge improvements in live dealer casino technology
Clear proof of the casino industry’s ability to keep up with the latest trends is how quickly the first casino which accepts cryptocurrency popped up, only a few months after the first cryptocurrency was released!
Of course, it took a while before most others joined in, but it just goes to show the innovation from some of the best crypto gambling sites. Some gambling sites have even sought to create their own cryptocurrency, such as the casino coin crypto!
How do Crypto Casinos Work?
You might be thinking that that’s all great. But how do you even get some cryptocurrency to gamble with? The main factor when setting up for playing at the best crypto casinos is your wallet or exchange.
Many companies offer both the services of a crypto wallet and a crypto exchange, which can cause some confusion. We can use physical cash as an analogy.
Crypto wallets, like your physical wallets, are all your own responsibility. While they allow you to access and manage your digital cash, no one can help you if you lose the login information.
This also means they’re ultra secure, which makes them great for long term storage. Exchanges work like a bank; while the crypto itself is yours, it’s being held and managed by a third party.
This means that there is the potential of a hack, making them less secure than a wallet. It also means that you can exchange (hence the name) your crypto for fiat currencies or vice versa, which is their main use.
Hardware Wallets (Cold Wallets)
Hardware wallets are exactly what they sound like. The all-important private key is stored within a storage medium, like a USB Stick, SD Card, or specially made device.
The private key is the most important factor to making sure transactions are secure. Without it, your crypto transactions can’t be signed, and won’t go through.
The physical device you’re using as a wallet can then be stored away and physically secured or locked away.
Losing the device means losing access to all your crypto, which definitely isn’t good! So if you’re considering a cold wallet, be sure to keep it in a secure location!
Software Wallets (Hot Wallets)
So, crypto software wallets are quite similar to the usual e-wallets you might be familiar with. While e-wallets deal with fiat currency, crypto software wallets deal with cryptocurrency. Simple, right?
CoinsPaid is a great example of a crypto wallets that is accepted by many online gambling sites, while more e-wallets, such as MiFinity, are starting to accept more crypto.
Depositing at Crypto Casinos
After setting up your wallet, buying some of your chosen cryptocurrency at an exchange and depositing it in your wallet, comes the time to make a casino deposit with it. Let’s go through the 5 simple steps needed to actually make a deposit and start playing!
- Choose a cryptocurrency-friendly casino.
- Navigate to the payments section of the casino.
- Sign up to your casino of choice!
- Get the payment address.
- Input the address into your wallet and send the payment!
A quick comparison of cryptocurrencies with Fiat is something as follows:
|Faster Transactions||Slower Transactions|
|No Central Authority||Require a 3rd Party (e.g. Bank)|
|Transparent & Verifiable||Verifiable via 3rd Party|
|Lower/No Transaction Fees|
Crypto Casinos Withdrawals
Depending on the gambling site, it may offer a withdrawal in normal fiat currencies or cryptocurrencies. Fiat currencies may be handy if you want to cash out at an opportune moment in your crypto’s stocks, as it skips the process of taking the cryptocurrency to an exchange.
Casinos with fast withdrawals will often even have cryptocurrencies in their payment options due to the relative speed of the platform.
Are Crypto Casinos Safe?
Yes, crypto casinos which accept cryptocurrency payments are just as safe as any other online casino out there. Provided you make sure to play at casinos which are legal and fully licensed by reputable licensing bodies, you’ll have no issues whatsoever. What licensing authorities might these be?
It’s important to look for the respective license badges in the footer of the online casino’s pages.
You’ll often also be able to obtain the license number for the specific casino. If you want to make extra sure that the gambling website isn’t faking its license, you can cross check this number with the licensing authority’s own list.
Outside of the usual licensing considerations, keep in mind that your cryptocurrency payments can be cross-checked on the public ledger of your particular cryptocurrency.
This means that your transaction history both to and from the casino is clearly visible making things much easier to verify.
Are Crypto Casinos Legal?
As usual, this depends on where you’re from. Generally speaking, if you’re playing from within the European Union, then there are no laws or regulations prohibiting the use of cryptocurrencies for gambling.
Malta, home country for the Malta Gaming Authority, was one of the pioneers in cryptocurrency and blockchain law, legalizing and regularizing the new technology’s use.
Countries like the United Kingdom impose several restrictions on gambling with cryptocurrencies, in keeping with the UK’s tradition of heavy-handedness with gambling law.
Several countries interpret and implement online casino law differently, so it’s best to check your local rules and regulations. While we hate to give you an ‘it depends’ answer to this very important question, it’s often the case in such jurisdiction-dependent situations.
Choosing Top Crypto Casinos
We’ve made things easy for you and provided an excellent list of recommendations for the top crypto casinos out there. Oh, you wanna know how we chose them? Strap in. Let’s go through the factors and features to look out for at the best online crypto casinos that take crypto.
Consider the time slots and time zones that you play in. Always convert the casino’s listed time to your local time, to see if it makes sense for you.
The support should also be available through a wide variety of different modes, such as phone, email, and live chat among others.
The Best Crypto Games
What’s that!? There are crypto-specific games to try out? Yes! Let’s check out some of the more popular crypto games you can try out at online crypto casinos.
Credited as being the first ever crypto game, this title sees players rolling virtual dice while betting with the oldest cryptocurrency in the book, among others, of course. The rules are really simple. Moving away from the normal 6-sided die we’re used to, players choose a number and bet on whether the outcome will be higher or lower. The dice are rolled and the bets paid out.
Satoshi Dice works using the aforementioned oldest cryptocurrency’s younger and divisive brother. The concept is similar to the game above, with players selecting a bet and its accompanying odds. The dice will then roll, paying users out if their bet was correct.
Evoking the classic built-in Windows game of old, Mines is built on the premise of Minesweeper. Revealing more and more spaces will progressively increase the payout multiplier. Cashing out means winning the last recorded multiplier but mind the bombs! Finding one of those means the game ends and the wager is lost.
In Keno Kong, you can enjoy a fast-paced game where the best of lottery and bingo is mixed with cryptocurrencies for a thrilling and fun end-result. The game follows classic Keno rules where you pick between 3 and 10 numbers. The more numbers that match the bigger your wins will be.
While not strictly a cryptocurrency-only game, Satoshi’s Secret is a 6-reel, 20 payline slot machine inspired by one of the founding fathers for all cryptocurrency: Satoshi Nakamoto. Endorphina’s blockchain-inspired slot game is a nice in-between game for those who want something that works with both cryptocurrencies and fiat currencies.
You’ll find several variants of this title, which alludes to the classic slots you might’ve played using the usual fiat currency. Coming in with a modern and abstract take on the classic, the game will give you a rotating rectangle to spin instead of the regular reels. Whether it’s the original variant by RocketGame.io or the spin offs with progressive jackpots, Fruistlots are an excellent cryptogame well worth trying out.
Crash Gambling has shot up in popularity over recent months. The game involves you placing a bet while on-screen, an airplane takes off. If you place your bet before the plane crashed (the multiplier increases the closer you are to it crashing) you win the bet!
Provably Fair Crypto Casinos
You might’ve heard of Provably Fair games or casinos while browsing the cryptogambling world, or nowadays even the regular online gambling market.
Provably Fair is basically a piece of code, or an algorithm the runs on top of a blockchain. The algorithm runs and generates the outcomes for a particular game, keeping them secured until the hand or game round is played.
After that, the player can cross reference the public record of the played game to make sure it was all correct and as it should have been.
Without getting into the Provably Fair specificities of how the outcome is pre-generated and kept secured, and how it can be verified, we can simply say that this technological innovation brings further peace of mind to the player.
This is because the randomness and fairness of games becomes tamper-proof using this algorithm.
How do I Know if Crypto Casinos are Provably Fair?
Provably Fair casinos are becoming more and more common. Look for the provably fair badge at the website you’re visiting, or alongside the game you intend to play.
Casinos will generally be quite proud that they form part of the provably fair online casino network. This means that they’ll have their PF badge in an easy-to-see area on their website, or even dedicate a specific page to it!
We hope our deep dive and overview of the cryptocurrency casino landscape has given you the knowledge and confidence to venture into the world of digital money gambling. Cryptocurrency casinos are just the latest wave of innovation in the online casino space, and we can’t wait to see what’s next!
Best Crypto Casinos FAQs
Crypto casinos are online gambling casinos which accept cryptocurrencies as a payment method
Yes! Most jurisdictions have not passed legislation for or against cryptocurrencies and crypto casinos. The UK is a notable exception. Check your local laws before playing at any casino!
Yes! Provided that you play at licensed and reputable crypto casinos, such as the ones found on our recommendation list, cryptocurrency gambling is completely safe.
Provably Fair is an algorithm that verifies the integrity and fairness of a casino game by comparing a casino’s pre-generated script with the actual game’s playthrough.
No. Not all casinos accept cryptocurrencies. Check out our recommendation list for some of the best crypto casinos out there.
Casinos which accept cryptocurrency often offer you the option of withdrawing in crypto or in normal fiat currencies through their payment page.
Depending on the cryptocurrency and casino you are playing at, some small fees may apply. These are generally always much smaller than other payment methods.
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