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Cryptocurrencies are increasingly taking modern online gambling by storm. This reliable and secure payment method is progressively being offered to casino customers. Experienced players highly appreciate Bitcoin and other digital assets for the strict security of transactions and the speed of their execution. They can be used for both deposit and withdrawal of funds from the account. In addition, they are offered as bonuses or as part of them at gambling websites. On this page, we will tell you about the most popular digital assets, and the advantages and the essence of crypto gambling. See also the top 10 crypto casinos that our experts have found for you.
What is Crypto Gambling
Crypto gambling is an opportunity to play with casino payments, replenishing your balance with digital currencies. The industry has recently entered this progressive stage of development, and now more and more sites that position themselves as crypto casinos appear every year. Of course, their clients can often use traditional methods for payment transactions (bank cards, electronic wallets, etc.), but digital assets are the main option.
Playing on a gambling website using digital coins implies that the gambler has a wallet (for example, Monero) with which s/he can finance his/her game. Transactions are as safe and reliable as possible, and funds are credited to the player’s account in a matter of minutes. You can use digital assets for both deposit and withdrawal of funds.
Most Popular Crypto Currency
Now it is difficult to find a person who would not have heard about what digital coins are, especially since there are more and more of them every year. However, several assets that are widely used in online gambling are still the most popular.
Bitcoin
The most popular digital coin in the world is also the primary deposit and withdrawal method among alternatives at gambling websites. Users love it for its reliability, security, comfortable work with payments on the site, as well as the speed of transactions. By choosing the Bitcoin casino payment option, you will get a convenient tool for conducting quick deposit and withdrawal operations.
Ethereum
The Ethereum platform started working in 2015, and now ETH is among the most popular in the world. There is no need to transfer all your personal data – you retain control over it. The capabilities of this platform are not limited, so innovations are constantly being introduced into its work. Ethereum casino payment option guarantees the reliability of transactions — they are protected by smart contracts, so there is no need to fear for the safety of funds.
Litecoin
Litecoin (LTC) is one of the most popular alternative currencies in the electronic asset market. It was developed based on the open-source code of BTC. The transaction of LTC from one wallet to another takes no more than an hour, depending on the current load of the P2P network, therefore, using the Litecoin casino payment method, you can count on a quick receipt of funds to the account.
Recently, there are more and more sites that offer customers to use the LTC casino payment option. Reliability, security, and a guarantee of the owner’s confidentiality speak in its favor.
Doge
The Dogecoin casino payment option logo is a Shiba Inu meme. This method is suitable for players who prefer low limits. The transaction fee is 1 Doge, and the limits on the amounts between services are 10-50 Doge. To use it for a deposit, you need to copy the crypto casino details, go to your wallet menu, and enter the copied website address and amount. Confirm, and that’s all.
Monero
The use of Monero is based on the principle of code obfuscation. Due to this, the procedure of its analysis becomes much more complicated. This allows the creators of the Monero to reasonably claim that it guarantees complete anonymity of the owner. It is at the top of digital assets used to make confidential transactions. Recently, the Monero casino payment option is increasingly found on gambling sites among the available methods for deposits and payments.
Tether
The popularity of the Tether casino payment option is largely due to the fact that this is a stablecoin. This means that 1 USDT is always equal to 1 US dollar, regardless of what fluctuations other alternatives are experiencing at the same time. Tether has all the advantages of digital assets and allows you to conduct transactions quickly and without restrictions, so this method will be a good choice for you to play in a cryptocasino.
Ripple
Ripple itself is not a currency — for this purpose, the system uses the digital asset XRP. The Ripple network does not need a decentralized database and uses its own algorithm. Confirmation of transactions is assigned to a specific list of nodes (servers) that specify the availability of sufficient funds from the sender.
Ripple casino payment option is inferior in popularity to BTC and Ethereum, but more and more often it can be found on various gambling sites. And this is no coincidence because it has many advantages: it is super fast transactions, low cost of transfers, and ease of currency conversion. When choosing a site to play, make sure that it offers the XRP casino payment method.
Bitcoin Cash
Bitcoin Cash (BCH) is a fork of BTC. The differences between them are mostly technical in nature. Therefore, the main advantages of the “big brother” are preserved in relation to the Bitcoin Cash casino payment option. It is reliable, secure, ensures the anonymity of the owner, and allows you to count on fast transactions. At the same time, the BCH casino payment method has its advantages:
- Bitcoin Cash processes ten times more transactions than BTC. This also entails a reduction in transaction costs;
- It costs much less than BTC.
Tron
Like many other digital alternatives, Tron offers cheap and fast payments. At the moment, the system is capable of processing 2000 transactions per second. Another advantage of using the Tron casino payment option is the increased privacy of user data. In addition, like other digital coins, this method provides high transaction protection, so you don’t have to worry about the safety of your funds.
How to Make a Deposit in Crypto Casino
So, you have chosen the best crypto live casino for yourself, and you want to use digital coins to replenish your balance, which separates you from the start of the game? Here’s what you need to do to ensure a smooth transfer of funds:
- Open your wallet. Choose the digital coin that you like the most and that seems the most reliable. Follow the specific instructions required to create a wallet;
- Top up your wallet. In order for you to have something to play for, you must first transfer funds to your wallet. You can use traditional money for this, which will be automatically converted into BTC or other assets;
- Make a deposit. Now go to the online crypto casino, register, and top up your account. To do this, select the digital coin whose wallet you opened as the payment method, enter the amount and wallet address, and then conduct the transaction;
- Check your account. Now you just have to wait for the funds to arrive, after which you can activate bonuses or immediately start playing.
How to Withdraw From a Crypto Casino
The process of withdrawing funds from a gambling website will not cause you any difficulties if you already have deposit experience. Usually, gambling portals do not charge fees for using digital assets for payouts, however, your wallet provider can take the commission, so check the terms of the transaction before it is carried out. To withdraw funds from a crypto casino, do the following:
- Log in to your account;
- Go to the Cashier and select the “Withdrawal” tab;
- Select the cryptocurrency;
- Enter the transaction amount and your wallet address;
- Confirm the operation.
In about ten minutes, the funds will be credited to your wallet.
Safety and Security
If you have found the best online crypto casino, then you can be sure that its platform supports a high level of reliability of the game and transactions. Safety and security are one of the main characteristics of digital assets that have had a positive impact on the growth of their popularity.
You have minimal risks of losing your funds on a wallet if you protect your privacy keys. Keep them in the safest possible place so that they are not accessed by third parties. Remember that it is almost impossible to cancel a transaction in the blockchain if the transaction has received at least one confirmation. It is almost impossible to track the movement of assets, so take care of your funds and use them the way you want, including when playing in a crypto casino.
Staying Anonymous With Crypto
One of the advantages of cryptocurrency is that its owner retains his/her anonymity. However, only as long as you do not compromise your personal data to scammers. Playing in a reliable crypto currency casino, you have nothing to fear, but if you are striving to ensure maximum security, you can do the following:
Use mixers. For a small fee, you can move assets, which will complicate the tracking of the transaction;
When making payments, not on a gambling website, hide your IP address. There are special tools for this, for example, TOR;
Consider using completely anonymous assets. For example, Dash, Monero, and Zcash. On the contrary, any transfer within the Bitcoin network is a brief description from which account to which and in what amount the funds were transferred. This specificity makes transactions in its network vulnerable to analysis.
Crypto Gamble – FAQ
What is Bitcoin and How Does it Work?
Can I Fund My Online Casino Account With Bitcoins?
Is it a Safe Banking Option to Use?
How Fast are Bitcoin Transactions With Casinos Online?
Will There Be Any Fees With Bitcoin Transactions?
Editor-in-chief and creator Cole Smith of casinocurrencies.com, has extensive experience with casino payment systems, The site was created to provide an honest and trustworthy resource for online gambling players.