Best Crypto Casinos

A lot of online casinos have started to accept crypto currency as a payment service to fund players’ online casino accounts. If you understand how crypto currencies work, you probably are a big fan of using them to pay for your online casino transactions due to the many advantages crypto currencies offer. In that case, this review is not written for you. Because of the complexity and most people’s unfamiliarity with crypto, a lot of people don’t fully understand how cryptos work, yet. For these people we have written this review. We will explain in detail how you can buy and trade crypto or how you can use it to fund your online casino account. We will explain the basics of crypto currency, which are the most used crypto coins, what crypto wallets are and how you can use them, what it costs to use crypto and the pros and cons of paying with crypto currencies. But most of all, we will look at the Best Crypto Casinos that accept your payments in crypto and offer bonuses and promotions on crypto payments. We will shortly review these Best Crypto Casinos for you and explain what the possibilities are at these casinos when using crypto.

So, let’s see what you can find in this Best Crypto Casinos review we have for you today:

  • What is crypto currency?
  • What are the Best Crypto Casinos in 2020?
  • Best Crypto Bonuses
  • What is crypto currency? (continued)
  • Governments and regulations of crypto currencies
  • The Bitcoin Hype
  • Crypto wallets
  • Buying Crypto
  • Advantages of crypto currency
  • Disadvantages of crypto currency
  • Making a deposit with crypto currency
  • Making a withdrawal with crypto currency
  • The costs of using crypto currency
  • Conclusion
  • Frequently asked questions about crypto currency
  • News and updates

Best Crypto Casinos 2020

If you are looking for the best crypto casinos of 2020, look no further. At BestBettingCasinos.com, we only cooperate with reliable online casinos, who offer games from respected providers and the very best bonuses. This is no difference with our list of the best crypto casinos.

CASINOREVIEWBONUSRATINGSUPPORTSPLAY
BitStarz CasinoBitStarz20 Free Spins
5 BTC Bonus
200 Free Spins
Perfect online casinoBTC,BCH,ETH,DOGE,USDT,LTCDunder Casino
BitkingzBitkingz Casino20 Free Spins
3 x 0.1 BTC Bonus
Perfect online casinoBTC,BCH,ETH,DOGE,USDT,LTCDunder Casino
Joo CasinoJoo Casino100% (0.01 BTC)
200 Free Spins
Perfect online casinoBTC,BCH,ETH,DOGE,USDT,LTCVisit Joo Casino
Rizk Casino7BitCasino20 Free Spins
5 BTC Bonus
Perfect online casinoBTC,BCH,ETH,DOGE,LTCPlay at Rizk
Machance CasinoMachance Casino€10,- Free
300% Bonus
Perfect online casinoBTC,BCH,ETH,LTCKing Billy €5,00 Free Bonus
Vegas Plus online CasinoVegasPlus€10,- Free
100% Bonus
Perfect online casinoBTC,BCH,ETH,LTCVegasPlus Casino

What is crypto currency?

A fast growing number of online casinos is starting to accept crypto currency as a payment option these days. Crypto currency is a fairly new form of digital, or virtual, money which has developed into a mature currency over the last 10 years or so. Like any other currency, crypto currency can be used to pay for a variety of online purchases, like funding your online casino account. But unlike most other currencies, crypto currencies are a digital currency and they are kept in crypto wallets online, on your phone or on your computer. All forms of crypto currencies are secured by cryptography, an encryption method that makes it nearly impossible to fake or counterfeit or even spend the crypto more than once. The use of cryptography also allows users to make completely safe and secure online transactions that are completely anonymous. Therefore this method is very popular for most online players to pay for their online casino transactions. And because paying with cryptocurrency is very cheap, it has a lot of advantages for online players! In this review we will provide you with a list of Best Crypto Casinos that allow you to fund your online casino account and use crypto currencies to claim their bonuses and promotions. Our team has worked hard to find you these best crypto casinos so let’s find out what they have found for you!

Best Crypto Casinos 2020

Recommended Crypto Casinos

These are the Best Crypto Casinos our team has found for you. All these online casinos accept payments with your various crypto currencies and they allow you to claim all their bonuses and promotions when you do. We will show you per casino what crypto currencies they accept, what the minimum deposits are and how much you can cash out at max. Here is the list of Best Crypto Casinos:

 

Bitstarz – 20 Free Spins No Deposit

Created by a small group of online casino enthusiasts, Bitstarz Casino is a players casino that offers the full package. Fast payments, great service, excellent games with the best gameplay available and of course: exciting and generous bonuses and promotions for you to claim! Here is a list of crypto currencies they accept including the minimum deposits limits and maximum cash outs.

Bitstarz - 20 Free Spins No Deposit

Accepted Crypto:

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Ethereum (ETH)
  • Dogecoin (DOGE)
  • Tether (USDT)
  • Litecoin (LTC)

 

Minimum deposits per crypto:

  • Bitcoin: 0.0001 BTC
  • Bitcoin Cash: 0.001 BCH
  • Ethereum: 0.001 ETH
  • Dogecoin: 1.000 DOGE
  • Tether: 1 USDT
  • Litecoin: 0.01 LTC

 

Maximum Withdrawal: €4.000 per week (or any crypto currencies equivalent)

Play now

 


Bitkingz – New Crypto Casino with 4.000+ games

Founded by a team of creatives, designers, authors, computer scientists and analysts, Bitkingz is built to meet their players’ needs. With a team packed with years of experience in the trade, there are no secrets for this online casino. They have an excellent game portfolio, a rewarding VIP program, top of the line security, a professional customer service and generous bonuses and promotions for you to claim with your crypto! Here is a list of crypto currencies they accept including the minimum deposits limits and maximum cash outs.

Bitkingz - New Crypto Casino with 4.000+ games

Accepted Crypto:

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Ethereum (ETH)
  • Dogecoin (DOGE)
  • Tether (USDT)
  • Litecoin (LTC)

 

Minimum deposits per crypto:

  • Bitcoin: 0.0023 BTC
  • Bitcoin Cash: 0.001 BCH
  • Ethereum: 0.001 ETH
  • Dogecoin: 1.000 DOGE
  • Tether: 1 USDT
  • Litecoin: 0.01 LTC

 

Maximum Withdrawal: 0.46 BTC per transaction (or any crypto currencies equivalent)

Play now

 


Joo Casino – Great games and promotions for crypto players

Another excellent crypto casino, and high on our list of Best Crypto Casinos, is Joo Casino. Offering the complete package every online casino player is looking for, Joo is certainly not going to disappoint you! They offer games designed by the best game developers in the business packed with exciting gameplay. All the bonuses and promotions on their website are claimable when you pay with crypto currency. Here is a list of crypto currencies they accept at Joo Casino, including the minimum deposits limits and maximum cash outs.

.Joo Casino - Best Crypto Casinos

Accepted Crypto:

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Ethereum (ETH)
  • Dogecoin (DOGE)
  • Tether (USDT)
  • Litecoin (LTC)

 

Minimum deposits per crypto:

  • Bitcoin: 0.002 BTC
  • Bitcoin Cash: 0.055 BCH
  • Ethereum: 0.07 ETH
  • Dogecoin: 5.200 DOGE
  • Tether: 1 USDT
  • Litecoin: 0.19 LTC

 

Maximum Withdrawal: €2.500 per day / €12.000 per week (or equivalent in crypto currency)

Play now

 


7bit – Crypto focused online casino

7bit Casino is one of the few online casinos that is especially focused and designed around Crypto. They offer special Bitcoin games and all prizes, bonuses and promotions are denominated in BTC as well as many other crypto currencies. They educate their players about Crypto all over their website and they really stimulate players to use crypto to fund their online gambling experience. 7Bit Casino offers their players the ultimate online casino experience as well as the ultimate Crypto experience! Here is a list of crypto currencies they accept including the minimum deposits limits and maximum cash outs.

7bit - Crypto focused online casino

Accepted Crypto:

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Ethereum (ETH)
  • Dogecoin (DOGE)
  • Litecoin (LTC)

 

Minimum deposits per crypto:

  • Bitcoin: 0.0005 BTC
  • Bitcoin Cash: 0.003 BCH
  • Ethereum: 0.015 ETH
  • Dogecoin: 1.000 DOGE
  • Litecoin: 0.015 LTC

 

Maximum withdrawal per crypto:

  • Bitcoin: 0.012 BTC
  • Bitcoin Cash: 0.28 BCH
  • Ethereum: 0.43 ETH
  • Dogecoin: 40.665 DOGE
  • Litecoin: 1.53 LTC

 

Play now

 


Machance – Join this crypto casino with €10,- free

Focussing on the customers needs specifically, Machance is an online casino that is built around you! They are constantly focused on your needs and try to make your gambling experience as awesome as possible. Offering you over 500 of the most exciting games, with great fairness on all of them, Machance Casino is an online casino to put on your lists of favorites for sure. All bonuses and promotions at Machance Casino are available to claim with your crypto. Here is a list of crypto currencies they accept at Machance Casino, including the minimum deposits limits and maximum cash outs.

Machance - Join this crypto casino with €10,- free

  • Accepted Crypto:
  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Ethereum (ETH)
  • Litecoin (LTC)

 

Minimum Deposits: The minimum deposit is €20 (or any crypto currency’s equivalent)

Maximum Withdrawal: €1500 per week / €6000 per month (or any crypto currencies equivalent)

Play now

 


Vegasplus – Exciting slots and excellent service

With a whole heap of award winning games, Vegasplus Casino floods their players with an excellent selection of games that will blow your mind! Delivering you the smoothest, most exciting and exclusive online casino experience, Vegasplus definitely belongs on this list of Best Crypto Casinos! Here is a list of crypto currencies they accept at Vegasplus Casino, including the minimum deposits limits and maximum cash outs!

10 Euro Free at VegasPlus Casino (No Deposit Needed)

Accepted Crypto:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Bitcoin Cash (BCH)
  • Litecoin (LTC)

 

Minimum Deposits: The minimum deposit is €10 (or any crypto currency’s equivalent)

Maximum Withdrawal: €1500 per week / €6000 per month (or any crypto currencies equivalent)

Play now

 


Best Crypto Casino Bonuses

All these online casinos from this Best Crypto Casinos list offer their players to claim their bonuses and promotions with crypto currencies. We shortly showed you what they offer and how to go to their page, now let’s highlight a few of these Best Crypto Casinos a bit further. In the next section we will review a few of the best crypto casinos and show you all the bonuses and promotions they have to offer you. Use the link to go to the online casino’s page to make sure you can claim the exclusive bonuses and promotions we have arranged especially for you, the visitors of our BestBettingCasino.com website!

7bit Casino

Specially selected by our team as one of the Best Crypto Casinos is 7bit Casino. At 7bit Casino you can use all kinds of crypto to fund your online casino account as they accept Bitcoin, Bitcoin Cash, Ethereum, Dogecoin and Litecoin. Their casino is one of the few online casinos that is especially focused and designed around Bitcoin. They offer special Bitcoin games and all prizes, bonuses and promotions are denominated in BTC as well as EUR, USD and other currencies. They educate their players about Bitcoin all over their website and they really stimulate players to use crypto to fund their online gambling experience. Besides all the usual suspects like Classic games, Slots, Poker, Roulette, Blackjack, Table games and many others they also offer multi million Jackpot games. They have a VIP club, a loyalty program where frequent players get rewarded and earn prizes and benefits whilst levelling up through the program. 7Bit Casino not only offers their players the ultimate online casino experience, they also offer them the ultimate Crypto experience! Let’s have a look at all the bonuses and promotions you can claim with your crypto at 7bit Casino!

7bit Sign-Up Bonus – 20 Free Spins (No Deposit Required) ✔ Active

Even before you spend any of your crypto currency yet, 7bit Casino offers new players a sign up bonus of 20 free spins, just for registering to their casino. All you have to do is sign up for a new account via the link on our website and you will get rewarded with 20 free spins on the excellent and exciting slot game ‘Cherry Bomb Deluxe’. Activate the spins in your account after successfully registering and see if you can win the maximum of 0.012BTC (or €100) that is set for this bonus. Before you can cash out these winnings you will have to wager the free spins winnings 45 times on all the games on their website. When you have completed this task, the 0.012 BTC could be yours!

Bonus terms and conditions (7bit Sign-Up Bonus)

  • 20 Free Spins on sign-up
  • Maximum bonus: 20 Free Spins
  • Minimum deposit: no deposit needed
  • Games: Cherry Bomb Deluxe
  • Wagering: 45 times the free spins winnings
  • Maximum win: €100 / 0.012BTC
  • New players and accounts only
  • Full bonus terms and conditions apply

Welcome Bonus Package – Up To 5 BTC or 3.5 BTC + 200 Free Spins ✔ Active

At 7bit you can claim their welcome bonus package when making your first four deposits at their online casino. They offer you a match bonus of up to 5 BTC (or €500) or their second option: 3.5 BTC (or €400) + 200 free spins. As you can see, their Bitcoin valued bonus is way, way more than the EUR or USD denominated bonus. For your information, 1 BTC is over €13.000 at the moment of this review!!! That makes this a potential welcome bonus of over €65.000! This welcome package is split up into 4 bonuses, let’s have a close look at each of them:

Welcome Bonus Package - Up To 5 BTC or 3.5 BTC + 200 Free Spins

1st Deposit Bonus – 100% Up To 1.5 BTC (or €100) or 200 Free Spins ✔ Active

On your first deposit, 7bit Casino offers you the option to choose between a 100% up to 1.5 BTC (or €100) match bonus or 200 free spins. So if you decide to deposit 0.5 BTC, 7bit Casino will add another 0.5 BTC to make it an even 1 BTC to play with. They will do so up to a maximum of 1.5 BTC (or €100). If you want to cash out any winnings from the money bonus you will have to wager the bonus 40 times. There is no limit to the bonus money wins! If you choose the free spins option, you will receive 200 free spins when you make a minimum deposit of 0.0042 BTC (or €20). The maximum cash out on the free spins winnings is 0.01 BTC (or €100) after you have successfully wagered the free spins winnings 45 times. We’d choose the bonus money option as it pays out way more than the free spins and you can select the games to play yourself instead of the select free spins games. Keep in mind the maximum bet for the welcome bonus package is 0.00012 BTC / €1 which is much lower than on their regular bonuses (0.0006 BTC / €5).

Bonus terms and conditions (1st Deposit Bonus)

  • 100% Up To 1.5 BTC (€100) or 200 Free Spins
  • Maximum bonus: 1.5 BTC (or €100) or 200 Free Spins
  • Minimum deposit: 0.0042 BTC / €20
  • Games (money bonus): All games (some exceptions, check website)
  • Games (free spins): BGaming selection
  • Wagering (money bonus): 40 times bonus amount
  • Wagering (free spins): 45 times the free spins winnings
  • Wager bonus within 14 days after receiving
  • Maximum win (money bonus): Unlimited
  • Maximum win (free spins): €100 / 0.012BTC
  • Max bet: 0.00012 BTC / €1
  • New players and accounts only
  • Full bonus terms and conditions apply

2nd Deposit Bonus – 50% Up To 1.25 BTC (or €100) ✔ Active

On your second deposit 7bit Casino offers you a 50% up to 1.25 BTC (or €100) bonus. This time 7bit will add 0.5 BTC if you deposit 1BTC to make it 1.5 BTC to play with. They will do so up to a maximum of 1.25 BTC, so if you want to max out their bonus you will have to deposit 2.5 BTC to your account, or €200 to receive €100. To cash out any winnings from the money bonus you will have to wager the bonus 40 times and there is no limit on your winnings. Keep in mind the maximum bet for all the steps in the welcome bonus package is 0.00012 BTC / €1 which is much lower than on their regular bonuses (0.0006 BTC / €5). Use the Bonus Code: 2DEP to claim your second deposit bonus.

Bonus terms and conditions (2nd Deposit Bonus)

  • 50% Up To 1.25 BTC (or €100)
  • Bonus Code: 2DEP
  • Maximum bonus: 1.25 BTC (or €100)
  • Minimum deposit: 0.0042 BTC / €20
  • Games: All games (some exceptions, check website)
  • Wagering: 40 times bonus amount
  • Wager bonus within 14 days after receiving
  • Maximum win: Unlimited
  • Max bet: 0.00012 BTC / €1
  • New players and accounts only
  • Full bonus terms and conditions apply

3rd Deposit Bonus – 50% Up To 1.25 BTC (or €200) ✔ Active

On your third deposit 7bit Casino offers you a 50% up to 1.25 BTC (or €200) bonus. Again, 7bit Casino will add 0.5 BTC if you deposit 1BTC to make it 1.5 BTC to play with. They will do so up to a maximum of 1.25 BTC, so if you want to max out their bonus you will have to deposit 2.5 BTC to your account, or €400 to receive €200. The conditions, other than the €200 max bonus, are exactly the same as the second deposit bonus. Use the Bonus Code: 3DEP to claim your third deposit bonus.

Reload bonuses at 7BitCasino

Bonus terms and conditions (3rd Deposit Bonus)

  • 50% Up To 1.25 BTC (or €200)
  • Bonus Code: 3DEP
  • Maximum bonus: 1.25 BTC (or €200)
  • Full bonus terms and conditions apply

4th Deposit Bonus – 100% Up To 1 BTC (or €100) ✔ Active

On your fourth and last deposit from this welcome package, 7bit Casino offers you a 100% up to 1 BTC (or €100) bonus. If you deposit 0.5 BTC, 7bit will double up your deposit to make it 1 BTC to play with. They will do so up to a maximum of 1 BTC, so if you want to max out their bonus you will have to deposit 1 BTC to your account, or €100 to receive €100. To cash out any winnings from the money bonus you will have to wager the bonus 40 times and there is no limit on your winnings. The terms and conditions from this bonus, are exactly the same as the second and third deposit bonus (other than the bonus amounts). Use the Bonus Code: 4DEP to claim your fourth deposit bonus!

Bonus terms and conditions (4th Deposit Bonus)

  • 100% Up To 1 BTC (or €100)
  • Bonus Code: 4DEP
  • Maximum bonus: 1 BTC (or €100)
  • Full bonus terms and conditions apply

 

This concludes their Welcome Bonus Package of up to 5 BTC (about €65.000!!!). We haven’t found another online casino offering a welcome bonus anywhere like this! So make sure you claim it by using the link on our website to go to their page.

Monday Reload Bonus – 25% Up To 0.01 BTC (€50) ✔ Active

On Mondays, if you had a busy week of gambling at 7bit casino, they offer to reload your stack with a bonus of 25% up to 0.01 BTC (or €50). If you make a deposit on any Monday, 7 bit will add 25% to your account. So if you deposit 0.001 BTC, 7bit will make it 0.00125 to play with. They do so up to a maximum of 0.01 BTC (or €50). So deposit 0.04 BTC and 7bit will make it a total of 0.05 to play with! This bonus needs to be wagered 40 times before you are able to cash out your winnings. The winnings on this bonus are unlimited and the max bet is 0.006 BTC (€5). Make sure you wager your bonus within 14 days after receiving!

Bonus terms and conditions (Monday Reload Bonus)

  • 25% Up To 0.01 BTC (or €50)
  • Maximum bonus: 0.01 BTC (or €50)
  • Minimum deposit: 0.0042 BTC / €20
  • Games: All games (some exceptions, check website)
  • Wagering: 40 times bonus amount
  • Maximum win: Unlimited
  • Max bet: 0.006 BTC / €5
  • Wager bonus within 14 days after receiving
  • Full bonus terms and conditions apply

Wednesday Free Spins Bonus – Up To 100 Free Spins ✔ Active

On Wednesdays you can claim the Wednesday Free Spins Bonus on your deposit of 0.003 BTC (or €20) or more. If you deposit 0.003 BTC (or €20) you will receive 40 free spins. If you deposit 0.006 BTC (or €50) you will receive 100 free spins. With these free spins you can win up to €100 (or equivalent in other currencies) if you wager the winnings from these free spins 45 times. An excellent bonus to claim on any Wednesday!

Bonus terms and conditions (Wednesday Free Spins Bonus)

  • Free spins bonus on deposit made on Wednesdays
  • Maximum bonus: 100 free spins
  • Minimum deposit (40 free spins): 0.003 BTC / €20
  • Minimum deposit (100 free spins): 0.006 BTC / €50
  • Games: Selected games
  • Wagering: 45 times free spins winnings
  • Maximum win: €100 (or equivalent in other currencies)
  • Full bonus terms and conditions apply

Daily Cashback Bonus – Up To 15% cashback ✔ Active

For all new players that have signed up to 7bit Casino since January 1st of 2020, there is a Daily Cashback Bonus available. Depending on your total daily deposit you can enjoy a cashback of 5% up to 15% every day. This cashback bonus can be claimed by depositing 0.016 BTC / €100 or more per day. It works in three steps:

5% cashback for deposits between 0.016 and 0.08 BTC (or €100 and €500) per day (or equivalent in other currencies)
10% cashback for deposits between 0.08 and 0.16 BTC (or €500 and €1.000) per day (or equivalent in other currencies)
15% cashback for deposits of more than 0.16 BTC (or €1.000) per day (or equivalent in other currencies)

The cashback bonus must be wagered 15 times within 1 day and if you successfully complete this task you can cash out up to a max of 10 times your received bonus. The Daily Cashback Bonus is available every day except Mondays. On Mondays the Weekend Cashback will be credited to your account.

Bonus terms and conditions (Daily Cashback Bonus)

  • Daily Cashback of 5% to 15%
  • Maximum bonus: 15% cashback
  • Minimum deposit: 0.016 BTC / €100
  • Wagering: 15 times cashback bonus
  • Maximum win: 10 times cashback amount
  • Bonus needs to be wagered within 1 day
  • Full bonus terms and conditions apply

Weekend Cashback Bonus – Up To 20% Cashback ✔ Active

During the weekend there is a special cashback bonus available to all players at 7bit casino. During the weekend, which runs from Friday to Sunday, you can grab a cashback bonus of up to 20%. The cashback percentage you receive depends on your VIP status and ranges from 0% to 20%. To find out your percentage, check your VIP status in your online casino account. The Weekend Cashback bonus must be wagered 15 times within 1 day and if you successfully complete this task you can cash out up to a max of 10 times your received cashback bonus.

Bonus terms and conditions (Weekend Cashback Bonus)

  • Cashback during the weekend of up to 20%
  • Maximum bonus: 20% cashback
  • Minimum loss to qualify: 0.0042 BTC / €10 (or equivalent in other currencies)
  • Cashback percentage depends on VIP status
  • Minimum deposit: 0.0021 BTC / €10
  • Wagering: 15 times cashback amount
  • Maximum win: 10 times cashback amount
  • Bonus needs to be wagered within 1 day
  • Full bonus terms and conditions apply

 

These were all the excellent and generous bonuses and promotions available at 7bit Casino for you can claim with your crypto currency. So, go to their excellent casino via the link on our website and see if you can claim their bonus of up to 5 BTC and win even more!


What is crypto currency? (continued)

Let’s continue where we left off earlier in this review to make room for all these excellent and generous crypto bonuses and promotions from these best crypto casinos. It is really important to know the basics of crypto currencies before playing with them so let’s explain some more in the next paragraphs.

Like we said before, all forms of crypto currencies are secured by cryptography. Cryptography is an encryption method that makes it nearly impossible to fake or counterfeit or even spend the crypto more than once. You can only spend crypto once and the process is very transparent. The use of cryptography also allows users to make completely safe and secure online transactions that are completely anonymous. All crypto currencies are based on decentralized networks that are designed with so called block chain technology. Each crypto currency has their own decentralized, block chain network where all transactions are handled, monitored and kept for everyone to see. Using this kind of technology has the great advantage that there is no single entity, like a bank or government, involved to control this currency and all these transactions. Therefore there are no mixed interests or large, extremely costly, companies that roam off lots of transaction fees or have company policies interfering with users interests. That makes paying with crypto currency a fairly cheap payment method to fund your online casino account. Only the users of these different crypto currencies control the rules of these crypto coins and monitor their transactions and decide the evolution of the crypto. All online financial transactions are done via a peer to peer system where transactions are checked, approved and monitored and visible to all users. Every single transaction is also confirmed by the users of the blockchain and therefore completely transparent and impossible to manipulate. This process is partially automated and therefore transactions are handled very quickly. If the group of users of a certain crypto currency decides there are changes needed to the specific crypto currency there is a democratic system that decides if this will happen or not. Basically, if more than half of the users, holders of the coins, agree to the proposed changes, these changes will be made. If not, then these proposed changes are dismissed.

Governments and regulations of crypto currencies

As you can imagine, not everybody is as pleased with certain features of these crypto currencies as the users are. Being able to handle transactions completely anonymously frightens a lot of governments. Governments have no control of the currency and therefore they have no ability to regulate these crypto currencies. As many benefits as it holds for the users, this is a major problem for these governments. Due to its features, crypto is a very popular currency for a lot of criminals because of these anonymous transactions. Even though all financial transactions are visible online in the blockchain, the identity of the people or companies that are behind the transactions are not. This has put a lot of governments in a dilemma. Some governments, like the U.S, China, Japan, Malaysia, Singapore, Spain, Germany, India, the Philippines and South Korea, have made several regulations concerning crypto currencies. Every country has their own regulations but some of the most common examples are:

  • ID registration for every crypto purchase;
  • Tax registration;
  • Warnings on the internet, TV, radio etc;
  • A crypto currency ban or prohibition;

 

So, for instance, in some countries you could be asked to verify your account if you buy crypto currencies. This process is handled by uploading certain ID documents or bank statements. This way the governments have a little more insight in who is behind certain financial crypto transactions. But this never fully takes away all the concerns governments have because there is always a way to avoid or work around these regulations. If you want to use crypto currency as a payment option for online casinos make sure you always check out the rules that apply to your country.

The Bitcoin Hype

As you may know, the most popular and widely known crypto currency today is the Bitcoin. It’s the first blockchain based, decentralised crypto coin that gained immense popularity very quickly a few years ago. Because of a lot of hyped news coverage, both on the regular news media as online on many social media platforms, everybody wanted a share of this Bitcoin phenomenon. Everybody wanted a part of the share and started buying Bitcoins in great numbers, running its value up to record heights in no time. Most people didn’t even fully understand how this Bitcoin worked or what it was based on. They all saw it was an excellent investment that could get you massive investment returns in a short time. But as quick as it rised, it caved. From almost $20.000 to $3.500 within months. Mainly because most people never fully understood exactly how these crypto currencies work they bought them and dumped them when the value lost it steep incline causing the coin to cave so quickly. Today the Bitcoin is growing back slowly again and has a more stable and normalized value. Some insiders believe it will make another run even higher than it did the first time and that it will break record high values again soon! Most users of Bitcoin and other crypto currencies are a bit more educated on these coins and they understand the basics of the currency.

Crypto wallets

Just like your regular money, your crypto currency is kept safely in your wallet, a crypto wallet. Crypto wallets are mostly digital wallets where you can safely keep one or more crypto currencies. Crypto wallets are crucial when using crypto currencies and their safety is key. Unlike your regular wallet, your crypto wallet is often accessible via the internet, by everyone with an internet connection and therefore these crypto wallets need an extra level of protection. The security of your crypto wallet is the most important thing when dealing with crypto currencies so make sure you pick the right one with reliable security. Your crypto wallet, when setup successfully, is protected with highly secured passwords, 2FA (two factor authentication) and backup codes. No one else can access your wallet without these data. There are many different crypto wallets available online and there are different types of wallets as well. Basically there are five types of wallets:

  • Online wallet (online account)
  • Mobile wallet (app on your mobile phone)
  • Desktop wallet (app on your computer)
  • Hardware wallet (USB or other device)
  • Paper wallet

 

Most used crypto wallets, and advised to use when you want to use them to fund your online casinos are the first 3 types. When you are not dealing with huge amounts of crypto the first three types of wallets are excellent to use, as long as you set them up safely (with password and 2FA). The last two types are for the larger amounts of crypto and are the most secure. Once you have set up your crypto wallet successfully you can use it to buy, sell and sometimes even trade crypto currencies with.

Buying Crypto

To buy your crypto currency you have to go to a crypto currency trader. Here you can use your bank funds to buy crypto and send them to your wallet. Crypto currencies like Bitcoin, Ethereum, Litecoin, Dogecoin, Ripple, Neo, Tether and many others can be bought at these traders. Once successfully purchased, your virtual coins will be transferred from the trader to your crypto wallet.

The rates or the prize of the crypto currencies varies per second and can be monitored at these online crypto traders. Pick the right moment to buy your crypto and get as much value for your money as possible. Make sure you carefully select these online crypto traders as their transaction costs vary immensely and there are a lot of crooked, fraudulent traders online these days trying to scam you out of your money.

Advantages of using crypto currency

Using crypto currency to pay for your online casino transactions offers players a lot of advantages and benefits as you can see. The most evident one is the ability to handle your online casino transactions anonymously. This way you don’t have to share your personal and financial information with an online casino like any of these Best Crypto Casinos from this review. Another big plus of using crypto is the fact that you can use crypto to withdraw your winnings from your online casino games to your crypto wallet. The fact that transactions with crypto currencies are extremely safe, reliable and transparent is another great advantage. The crypto wallets, especially the mobile phone wallets, are very easy to use and convenient. The process is normally very quick as well, depending on the traffic on the blockchain. You can choose for yourself how much your transactions cost due to the going rates and the chosen speed of the transaction. More and more online casinos accept crypto currency as a payment method each day as the demand by online players is growing fastly. The last advantage of using crypto currency to pay for your online casino transactions is the ability to claim all the generous bonuses at any of these Best Crypto Casinos from this review! Let’s sum all these excellent advantages up for you quickly:

  • Completely anonymous transactions
  • No need to share your personal and financial information
  • Withdraw your winnings directly to your crypto wallet
  • Safe and reliable online payments
  • Convenient iOS and Android wallets
  • Quick transactions to and from your favorite online casinos
  • Free or very low transactions fees
  • More online casinos accept crypto payments each day
  • Claim all the generous bonuses at any of these Best Crypto Casinos from this review!

Disadvantages of using crypto currency

Paying with crypto currencies does have some disadvantages, like most other online payments services. If you want to use crypto currencies to fund your online casino account it requires some basic knowledge of crypto currencies as you can read in this review. You need to set up a wallet, acquire crypto at a trader and successfully transfer the crypto from and to your online casino account. Crypto currency transactions can take some time, if you use the cheapest option. If you want speed, you pay more. Crypto currencies are very volatile, meaning they change value all the time and very fast. One day you can have crypto worth €100 in your account and a month later it can be worth €60 or €150, there is no certainty. This can be a major advantage but also a major disadvantage. Then the last disadvantage you will have to take into account is the fact that not many online casinos accept crypto payments yet, although this number is growing fast!

  • Paying with crypto currencies can be complicated
  • Cheap or free transactions can take a while
  • Fast transactions cost more
  • Crypto currencies are very volatile
  • Not all casinos accept crypto currency payments (yet!)

Making a deposit with crypto currency

To make a deposit using crypto currency at your favorite online casino, you will have to complete some steps. Firstly, set up a crypto wallet and make sure it is safe and secure and protected by all the right passwords and 2FA. Now go to a crypto trader and buy your preferred crypto currency with your bank account. Once this is successfully completed, go to your online casino and sign in. Select your crypto currency when making a deposit and choose the amount you wish to deposit. Check and verify the transaction in your crypto wallet and complete the transaction. Check your casino balance when the transaction is verified by the blockchain and see if the funds are now in your casino balance. Now you can start playing! So, to sum it up, if you want to use crypto currency to make a deposit at one of these Best Crypto Casinos from this review you have to complete the following simple steps:

  1. Set up a crypto wallet
  2. Buy a crypto currency you want to use
  3. Sign in to your crypto currency account with your details
  4. Confirm the amount for the transaction in your crypto wallet
  5. Complete the transaction in your crypto wallet
  6. Check the balance of your online casino
  7. Start playing!

Making a withdrawal with crypto currency

If you are done playing and ready to cash out your winnings to your crypto wallet using crypto currency as the payment method, you have to follow these next steps. Login to your online casino account and select the amount you wish to cash out. Select the crypto currency you wish to use for the transaction and login to your crypto wallet. Now check and verify all the details for the transaction (like your bitcoin address for instance) and complete the transaction. Depending on the selected speed option for the transfer your transaction will take anywhere for minutes to several hours to complete. Once the funds are in your wallet, your withdrawal is successful. So, to sum it up, follow these next steps when making a withdrawal with crypto:

  1. Login to your online casino account
  2. Go to the withdrawal section
  3. Select the crypto currency you wish to use for the transaction
  4. Choose the amount you wish to cash out
  5. Login to your crypto wallet
  6. Check and verify all the details for the transaction
  7. Complete the transaction in your crypto wallet
  8. Wait until the transaction is completed
  9. Check your crypto wallet balance
  10. The withdrawal transaction is now successfully completed

The costs of using crypto currency

Using your crypto currency for your financial transactions to and from online casinos is great and has a lot of benefits. But what are the costs for these transactions? Well, that depends on what you choose. With most crypto currencies you can choose the speed of your transaction and the faster you want your transaction to be, the more is costs. When the blockchain is busy processing a lot of other transactions, the price goes up. When the blockchain does not have to process a lot of transactions, the price drops. These fees change constantly throughout the day and are made visible in your wallet or in the various apps and websites. Choose the speed and the matching costs that you want and this amount is deducted from your balance during the transaction. So a lower netto amount is paid out to your crypto wallet. So, basically, there are no set fees but they change through time and depend on the amount of traffic on the network. If you choose the slowest option, during a quiet time on the blockchain you pay next to nothing for these transactions. If you want the money instantly, you pay a higher price. Simple as that. It’s all up to you!

Conclusion

Looking at all the aspects that paying with crypto currency has to offer online casino players, we have to conclude that this is an excellent payment method, but it isn’t for everybody. It requires some basic knowledge of these crypto currencies and it’s technology before you are able to pay safely with it. If you understand how it works, it is an excellent payment option and it holds many benefits and advantages for you to experience. There are many excellent bonuses and promotions these casinos from this Best Crypto Casinos list offer you when using crypto currencies to pay for your transactions. We advise you to learn more about crypto (if you haven’t already from this review) and claim your bonuses and promotions at these best crypto casinos right away!

Frequently asked questions about crypto currency

”Is it safe to use crypto currency?”

Crypto currency itself is a very safe and reliable currency. If used the right way, it is 100% safe. Unfortunately there are many fraudulent wallet providers and fake webshops trying to scam you out of your crypto. Because the technology of crypto is fairly new and not everybody knows how it works, these dodgy providers and webshops have a chance to scam mostly new and unknowing users out of their crypto. So, if you want to use crypto to pay for your online casino funds, make sure you know the basics of crypto, install a secure and reliable wallet, use 2FA and double check the transactions before sending them out!

”Can I use crypto currency to cash out my winnings?”

Yes, online casinos that offer their players crypto as a payment method also allow them to cash out with crypto. Sometimes they have a minimum and maximum withdrawal amount set in the specific crypto currency but sometimes they just have a EUR or USD limit that is calculated to the equivalent of the crypto at the going rate of that moment. Check out these terms and conditions before you cash out at one of these Best Crypto Casinos.

”How much does it cost to use crypto currency?”

That is entirely up to you. If you choose a quick transaction during a busy time in the specific crypto’s blockchain, you pay more than if you choose a longer transaction time during a quiet time. Each crypto has their own specific rules regarding transaction fees so make sure you check these out when making your transaction.

”Does crypto currency give my personal and financial details to an online casino?”

No. The number one advantage of using crypto to fund your online casino account is the feature that it is, or can be, 100% anonymous. You don’t have to share any of your financial or personal information with an online casino when making a transaction which is a main reason for a lot of players to use crypto currencies for their payments to these Best Crypto Casinos.

News and updates

To keep you informed on the Best Crypto Casinos and the best bonuses and promotions we have shown you in this review today, we will update this review page frequently. This way new online casinos that offer crypto currency, or casinos that have started to use crypto currency, will be tested and reviewed as time goes on. The reviewed Best Crypto Casinos from this page will be updated when important changes are made to them so keep an eye out for anything new on this page by bookmarking this page for future reference.

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