The types of cryptocurrencies accepted in online casinos
There are numerous methods to fund one’s player account, and cryptocurrencies are also among the payment options in online casinos. Among these digital assets, we often find the following tokens: Bitcoin, Litecoin, Ethereum, Dogecoin, Binance coin, Bitcoin Cash, Cardano, Tether USD, Tron, Ripple, USD coin, Dai, BNB, BUSD…
Among these tokens, we find several categories of cryptocurrencies, with some having highly fluctuating values and others remaining relatively stable, known as stablecoins, typically pegged to a fiat currency.
Our partners using cryptocurrencies
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Payment with Bitcoin (BTC)
A crypto casino or a Bitcoin casino is an online casino that accepts payments in Bitcoin (BTC). It is a decentralized digital transaction method that gambling platforms provide to players to fund their player accounts. This payment method bypasses banks and other trusted intermediaries, as the exchange occurs from one wallet to another. Simply put, each action is validated by multiple unidentified computers worldwide to record each data on the cryptocurrency’s blockchain. It is a secure payment method that does not require providing any personal financial information.
Payment with Ethereum (ETH)
Casino players have a wide range of cryptocurrencies to choose from. If you prefer to pay with Ethereum instead of Bitcoin, it is possible. Ethereum is also a decentralized digital transaction method. Similar to Bitcoin, funds are transferred from wallet to wallet, and once again, computers validate different protocols and record them on a public blockchain. Payments with Ethereum (ETH) are completely secure, and online casinos allow players to fund their accounts with this token. Furthermore, Ethereum has the capability to implement smart contracts, which are fully automated programs that determine transaction conditions.
Payment with Litecoin (LTC)
Litecoin is a cryptocurrency also available on various crypto casinos. The advantage of this cryptocurrency is that Litecoin (LTC) transactions are generally faster and less expensive than other transactions. Therefore, it is an excellent alternative if your casino does not cover transaction fees.
Payment with Tether USD (USDT)
Tether is a cryptocurrency classified as a “stablecoin” or “stable coin,” designed to track the value of the US dollar. If you want to play at a casino and have a stable balance, Tether USD is an excellent choice. In addition to providing stability, USDT transactions are usually extremely fast and cost-effective.
How to Use Cryptocurrencies ?
To use cryptocurrency, you first need to choose a token such as Bitcoin, Litecoin, Ethereum, Dogecoin, USDT, etc. Once you have decided on the token you want to acquire, you need to visit an exchange platform like Binance. From there, you can purchase your first assets using fiat currency, typically euros or US dollars. After completing your purchase, your Binance account can serve as a wallet. However, there are other platforms available depending on the utility and security features you prefer.
At this point, your wallet will have a deposit address and a withdrawal address for each asset you possess. This means that depending on the task and targeted asset, you need to provide one of the two addresses for that asset.
What are the deposit requirements at a cryptocurrency casino ?
Generally, the minimum deposit for cryptocurrency in a casino is 100 euros, but this may vary. It is also possible to find platforms that accept cryptocurrency deposits starting from 5€, 10€, or 20€.
This allows you to deposit 20€ and take advantage of a welcome bonus and free spins, depending on the bonus and the casino you are playing at. Therefore, carefully check the bonus conditions before depositing with cryptocurrency. It is possible that this type of deposit is ineligible for the welcome bonus or deposits with free spins.
Why Use Cryptocurrency as a Payment Method: The Advantages
Are you still hesitant about signing up at an online casino that accepts cryptocurrencies? In that case, let’s explore the various advantages that this payment method offers, so you can form your own opinion.
Security: cryptocurrency is an extremely secure deposit method. Hacking a crypto wallet is much more complex than having your credit card compromised. However, it’s important to remain vigilant, as user vigilance is the best protection.
Anonymity: when making a crypto deposit at an online crypto casino, you are not required to disclose your personal data at any point.
Speed: whether it’s for deposits or withdrawals, using cryptocurrency allows you to save time. If the cryptocurrency blockchain is not congested and the casino allows it, transactions can be instant. Withdrawals are also fast but require approval from the casino’s financial department.
Disadvantages of Using Cryptocurrency for Online Casino Payments
As we’ve just seen, cryptocurrencies offer significant advantages, but this technology also comes with some downsides. Here are several notable disadvantages:
Complexity: despite the growing popularity of cryptocurrencies, using them as a payment method remains complicated for most users. In contrast, paying with a credit card is quick and easy.
Potential fees: unfortunately, not all online casinos cover the fees when you make a cryptocurrency deposit. Additionally, regardless of the casino, you will have transaction fees or gas fees when exchanging assets.
Price volatility: in some cases, price volatility can be an advantage, but most assets tend to decrease in value rather than increase. You could deposit 100€ and return to the casino a few minutes later to find your balance at 96€ without even playing. Of course, when the crypto’s price rises, it’s an advantage…
How to Deposit or Withdraw at an Online Casino with Cryptocurrencies?
Many industries have evolved in recent years, and online casinos are no exception. That’s why online gambling platforms regularly update their casinos with new features, technologies, and deposit methods. Cryptocurrency quickly found its place and is now present in most online casinos.
Let’s now see how to make a deposit at an online casino that accepts cryptocurrency payments:
- Create a wallet: you need a wallet to store your cryptocurrencies. For beginners, we recommend using an exchange platform like Binance, Kraken, Coinbase, KuCoin, or Crypto.com. If you prioritize the security of your funds, it’s safer to invest in a hardware wallet like a Ledger. It is a removable device that serves as a cryptocurrency wallet, similar to a USB drive, and remains offline when not in use. It provides a much more secure option than an online platform
- Purchase cryptocurrency: once your wallet is created, you need to fund it with crypto assets. To do this, you can buy the desired cryptocurrency in exchange for fiat currency or another cryptocurrency on an exchange platform (like Binance, Coinbase, etc.)
- Choose the casino: visit the online casino and have your wallet address ready
- Deposit: enter the amount and the address of your wallet to make the deposit
- Play
- Withdraw your winnings
Additionally, some crypto casinos allow you to deposit directly in cryptocurrency using your credit card. In this case, you will provide your information as you would for any online payment. However, to withdraw your winnings, depending on the casino, you will still need a cryptocurrency wallet.
Other Payment Methods (links to related pages)
Casino VISA
Casino MasterCard
Casino Neosurf
Casino Cashlib
Casino Bitcoins
Casino Paysafecard
Casino Skrill
Casino Binance Pay
Casino Apple Pay
Casino PayPal
Casino Google Pay