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How to Choose Where to Gamble with Crypto?

You want the option to scale your gambling experience, for which you will need the help of a qualified operator. We listed the defining characteristics of a gambling platform supporting crypto deposits and withdrawals.

Accepted cryptocurrencies

Accepting just a few cryptocurrencies is far from ideal nowadays. Luckily that’s not the case with almost any of the top-rated crypto gambling sites we discussed here. Most of them are quite flexible when it comes to supported payment options. They accept almost all favoured crypto tokens and talk about fiat payment methods. As far as crypto networks go, you will find that almost always among the accepted tokens will be XRP, ETH, BTC, BCH, DOGE, LTC, and other popular altcoins. Deposits and withdrawals are nearly instant. According to the H1 2024 crypto gaming trends report by SOFTSWISS, the most commonly used cryptocurrencies for gambling are:

Bitcoin (BTC) – 76.2%
Ethereum (ETH) – 9%
Litecoin (LTC) – 5.5%
Tether (USDT) – 4.7%
Dogecoin (DIGE) – 2.6%

Types of Crypto Gambling

Crypto gambling websites come in all shapes and sizes. They accommodate betting on eSports and traditional sports, lottery, casino games, and poker. Let us get into more details:

Casino table games and slots: Online casino games are arguably the best part of BTC gambling. They are verifiably fair, but they bring their unique flavour to the gaming industry, and the fans cannot be happier.
Sports and eSports gambling: Sports wagering is the preferred way of gambling on the internet and in person by many sports fans. As it is, the best Bitcoin gambling sites make it even more accessible to those who have some cryptocurrency to spare.
Crash and dice gambling: As for Crypto dice games – they can be both stands-alone products or part of a larger casino game selections.
Poker: Overall, playing online poker with BTC is a deal worthy of consideration.
Lottery: On several occasions, we pointed out that some of the top rated Bitcoin gambling operators we listed and compared are offering lottery games. The activity gives you a stimulus to stick around at the cost of a very small investment, and the rules are fairly straightforward.

Fast and easy deposits and withdrawals

Everyone who wants to compare Crypto gambling brands would favour those operators who can offer fast deposits and instant withdrawals.

Luckily, speedy transactions are an inherent advantage of the Crypto gambling platforms. Confirmations happen fast on the blockchain, meaning that not much time is wasted waiting for your deposit or winnings to go through. It’s fair to say that the preferred way of funding their account for high rollers is Bitcoin because the accepted Crypto deposits can reach substantial amounts.

Security and licensing

Most Crypto gambling websites are licensed by the government of Curacao – a benchmark for fairness and user safety in the gaming industry. By extension, a Curacao license would mean that the operator has taken all necessary measures to be called a “responsible gambling operator.” This is particularly important to users having problems gambling reasonably. The technical part of keeping users and their money safe is also of crucial importance. In order to do that, all legitimate websites for cryptocurrency gambling encode the information entered there with strong encryption keys.

Privacy

This Crypto gambling website offer a high level of privacy. For better user experience, such brands encourage you to set up a username, email address, and password.

FAQ: Gambling with Crypto

1. Is gambling with cryptocurrency legal?

It is in the sense that the service providers organising it are licensed. They will most likely have a license from an independent regulator such as the Government of Curacao. Many online cryptocurrency gambling brands are accredited and respected for transparency in their business. Living up to that reputation, they don’t operate in countries where gambling is illegal.

2. Is gambling with Crypto profitable?

Almost no distinction can be drawn between gambling with fiat currency and gambling with Bitcoin or altcoins. The same principles are at play, and so the possibility of turning a profit exists, but it is outweighed by the factor called ‘house edge.’ And so, profitability is sporadic rather than systematic. You should expect to lose money in the long term, so gamble responsibly for entertainment purposes.

3. Except for BTC, what are the other widely used altcoins for gambling?

Many BTC casinos and sportsbooks have upped their game so that they can also accommodate ETH, LTC, DOGE, ADA, and BCH payments. It takes a lot to comply with the compatibility requirements of all these networks, but they are not only able to do that – the best of the best support dozens of altcoins.

4. Is online gambling with cryptocurrency safe?

Cryptocurrency gambling is one of the safest ways to play games of chance. Most BTC casinos have the option to set up 2-factor authentication too. Not everything can be accounted for, but the rule is to choose licensed brands with a positive reputation.

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