There are countless online casinos. However, for every legitimate offer, there are several fraudulent websites. For example, if you hear about a no deposit bonus and you are still asked to pay, then something is certainly wrong.
So, it is primarily up to the player to filter out the right websites. You should arm yourself with knowledge and look for the best online crypto casino there is. This will reduce the risk of falling for fraudulent platforms.
Costs, deposit, and withdrawal conditions should be clear even before registering. Last but not least, good anti-virus software is recommended. Even though the operators of online casinos sometimes ask for the protection to be turned off, one should not comply with such a request.
In the same way, you should not allow the website’s programs to access your computer. It is not necessarily malicious software, however, any access possibility from the outside provides a vulnerability in the system. Thus, damage can also be done to the computer at a later time.
Advantages of Cryptos in casinos
The beauty of owning crypto coins is that it is a digital as well as a decentralized currency that is not linked to the financial market to date. Moreover, Coins are now available in many wallets.
Those who do not necessarily want to trade Bitcoin, Ethereum, and other currencies can simply buy and hold them. Registration with providers such as Bitpanda, Binance, and Coinbase is also free of charge. The following aspects speak for crypto payments in online casinos:
- Payments are largely anonymous;
- Highest security with decentralized wallets;
- Transactions are completed in real-time;
- There are virtually no transaction fees in the casino;
- Protection of personal information during the payment process;
- Internet connection is not mandatory;
- Funds or coins are often insured.
In addition to the aforementioned advantages, it is above all the usually higher deposit and withdrawal limits that prompt players to transact with cryptos. While transactions with real money are increasingly limited, coins offer significantly more flexibility.
The disadvantage of crypto casino
There are also disadvantages because the exchange fees (exchange of real money currency into coins) are sometimes quite high. All the more reason to compare wallets in advance and set up an account where the costs are manageable. With regard to this topic, Coinbase currently performs best.
In addition, one should always keep an eye on possible price fluctuations of the chosen cryptocurrency.
Another area where crypto payers are disadvantaged at several providers is the new customer online casino bonus. It is not uncommon to find a note in the terms and conditions of the gaming sites that deposits with cryptos are excluded from the welcome offer.
In our opinion, one of the biggest disadvantages at the moment is the fact that only a few casinos have even included cryptos in their portfolio. The selection is therefore limited. In addition, acceptance is mostly limited to the major or well-known coins such as:
- Bitcoin;
- Bitcoin Cash;
- Ethereum;
- Litecoin.
Whereas less popular cryptocurrencies are usually not accepted by casinos.
How can play in a crypto casino?
You do not need any special hardware to play a real money casino for crypto. As a gambler, you should approach the matter with a cool head just like an investor and not trust offers recklessly. Research and awareness of the risks are essential.
After all, you can not only lose your saved money but also get addicted to the adrenaline rush and gambling.
Withdrawals via cryptocurrencies are also considered extremely safe and they are made within seconds. With common payment methods, you always have to wait for a few days.
How payment with cryptos in casinos works
Basically, registration with the selected gaming hall is also mandatory for deposits via Bitcoin, Ethereum & Co. This provided, there are several ways to book cryptocurrencies to the player account.
One of the first possibilities was the transaction via Skrill and Neteller. Even today, you can at least exchange bitcoins into real money at the wallets and then make the booking to the casino.
Meanwhile, depositing with Coins is made even easier for players, as there is a direct way. If the amount and the type of Coins are selected, an individual and the unique wallet address is generated by the provider.
Subsequently, the booking can be made from your own wallet, such as Bitpanda, in the desired amount to this address. The whole process takes place in real-time.
The most important steps are:
- Register at the preferred crypto casino;
- Select Bitcoin, Ethereum, Litecoin, or other currency;
- Copy the generated wallet address;
- Open your own wallet;
- Enter amount and wallet address, send, done.
Similar to how most classic real-money payment methods work, deposits with cryptocurrencies also work in real-time. Owners of the most popular coins are thus spared a long wait.
Is it possible to play without verification?
Some crypto casinos offer users a registration without verification. On the one hand, this has the advantage that you do not have to pay tax on winnings and you can play completely anonymously. However, it is worthwhile to go through verification.
Often casinos require that you verify yourself when making a withdrawal, in which case you should of course do so. In addition, some crypto casinos also offer certain bonuses if you complete the verification process.
Conclusion
Cryptos are an exciting alternative with future potential – although the development remains uncertain, of course. After all, digital currencies are not yet accepted everywhere, and more headwinds from the regular financial market must be expected in the future.
More and more pure crypto casinos offer the option of using coins instead of real money. A separate section is often provided for this. However, it is usually the case that exchange into euros (or other currencies) takes place in the course of the deposit.
In the online casino, Bitcoin and other cryptocurrency transactions are now processed at a reputable level and, in addition to the usual payment methods such as credit card payment, Neteller, or Paysafecard, it is another attractive way to fill the player account.