Crypto Casinos

Overview of Cryptocurrencies

Cryptocurrencies are secure and facilitate fast and transparent transactions. So, it is not surprising that they became popular worldwide soon after they were introduced and quickly became some of the most prominent deposit and withdrawal options at online casinos, especially fast payout casinos.

When Bitcoin was launched in 2009 and followed by a myriad of other cryptocurrencies built on blockchain technology, many saw the potential of crypto payment methods being used at online gambling sites. The adoption of Bitcoin, Litecoin, and Ethereum by online casinos was not instant, though. It started gaining traction about five years after Bitcoin was invented. However, as soon as the perks of crypto online casinos became evident, thousands of online casino sites working with crypto transactions appeared.

Some of these are traditional online casinos that work with fiat payment methods but also accept cryptocurrencies. You can think of them as regular online casinos that work with conventional payment methods, such as e-wallets and bank cards but also accept crypto in an attempt to appeal to more players. However, there are also crypto casinos that work exclusively with digital coins and don't support fiat payments.

Crypto casino deposits and withdrawals work in much the same way as most crypto online transactions. In other words, when a casino deposit or withdrawal is initiated, it is broadcasted on the entire crypto network and grouped together with other transactions in a block. Then miners confirm and verify these transactions by solving complex mathematical problems, thus ensuring the legitimacy of the deposit or withdrawal. After they are verified, transactions are added to the blockchain and cannot be changed. When a transaction gets enough confirmations, it is completed and you either get your winnings or your deposit is credited to your casino account.

Transaction Limits and Unique Features

There is no doubt that the advantages of crypto casinos extend far beyond the basics. Let's look further to learn more important facts and how it gives players advantages in unique features and trading limits.

• Higher Maximum Limits - In general, cryptocurrencies facilitate higher deposits than conventional banking options. Similarly, if you join fiat casinos that work with crypto payment methods too, you might notice that you can request larger withdrawal amounts when you make your payout requests using cryptocurrencies. The chance to benefit from higher transaction limits is a significant factor when choosing the type of payment method to use at online casinos, particularly if you are a big-money gambler.
• Lower Minimum Limits - It is not just high-rollers that can benefit from cryptocurrency casinos. Gamblers on a budget can feel the perks of gambling with crypto too. That's because crypto casinos offer significantly lower deposit and withdrawal limits for crypto gamblers, allowing players on tight bankrolls to make the most of each digital coin they own.
• Provably Fair Games - Similar to cryptocurrencies, provably fair games use blockchain technology. That allows players not only to enjoy a unique gambling experience but to also check the fairness of all outcomes themselves. The fact gamblers can verify the fairness of results independently serves as a guarantee that the casino cannot manipulate the outcome even if it tried.
• Gambling Opportunities in Restricted Regions - There are some countries and jurisdictions that ban the use of payment methods to deposit and withdraw at online casinos. However, cryptocurrencies often help gamblers bypass these restrictions, as crypto transactions are decentralised and cannot be tracked in the same way conventional deposits and withdrawals can. It is important to note, though, that players residing in these jurisdictions should check if crypto transactions might be banned before they start gambling.

How to Deposit at Crypto Casinos?

Using crypto to fund your casino account is only slightly different to using any other conventional fiat payment method. Sure, you will need to do some prep work and create a crypto wallet. However, other than that, depositing at crypto casinos is pretty straightforward. Here's what you need to do.

• Choose a cryptocurrency wallet and fund it.
• Log into your crypto casino account.
• Navigate to the Deposit section of the casino.
• Choose the cryptocurrency you will be using.
• Copy the casino's wallet address and double-check check you haven't made any mistakes.
• Go to your crypto wallet and click on the option to send funds.
• Paste the casino address you copied.
• Enter the amount you want to deposit.
• Confirm the transaction and wait for the network to confirm it.

How to Withdraw Winnings at Crypto Casinos?

When you choose a cryptocurrency as your deposit option, you can use it to get your casino winnings too. Cryptocurrencies facilitate fast and secure withdrawals. Moreover, crypto casino payouts are quite easy to request too. Here's a step-by-step breakdown of the crypto withdrawal process.

• Open your casino account and go to the Withdrawals section.
• Find your cryptocurrency from the list of available payout options and click on it.
• Now go to your crypto wallet and copy your personal wallet's receiving address.
• Paste the address into the field on the withdrawal page of the casino.
• Check the minimum and maximum withdrawal limits and enter the amount you want to withdraw.
• Confirm the withdrawal request and wait for the casino to process it.
• When the gambling site processes and approves your request, the funds will be sent to your wallet.
• You should get your winnings within a few minutes to an hour depending on the cryptocurrency you are using.

Crypto Casino Bonuses

Whether you play online poker or lottery games, crypto casino bonuses can come in quite handy. Even though most of your casino wagers will be made with your own funds, the chance to gamble with the casino's money or free spins is quite enticing. Moreover, because most cryptocurrencies are not excluded from casino promotions, you will be able to get your fair share of bonus incentives as well.

Welcome Bonuses

New crypto casino players have a unique opportunity to play with more funds than the crypto they deposit. To do that, gamblers need to register accounts with online casinos that have welcome bonuses and make qualifying first deposits using accepted cryptocurrencies.

When you activate a crypto welcome bonus, you get either bonus money or free spins that you can use on popular casino games. You then need to play and meet the wagering requirements of the bonus so that you can withdraw your bonus winnings.

Please note that welcome bonuses are only available to new players who register with crypto casinos for the first time. However, even though you can claim these promos only once, chances are you will feel the benefits for quite some time, as welcome offers are usually the most attractive bonuses at cryptocurrency casinos.

Free Spins

Online slots and progressive jackpot games are among the most popular options for crypto gambling enthusiasts. To spin the reels of these casino games, you need to meet the minimum bet stake amount of each slot. However, you can also play them without spending your crypto, provided you activate a free spins bonus.

As the name implies, when you activate a free spins offer, you can play popular casino slots for free. Free spins shouldn't be confused with free games that you can play on demo slots, though, as free spins bonuses allow you to win and withdraw real money.

However, as with most other casino bonuses, you will first need to meet the wagering requirements on the free spin winnings you obtain. Once you do, the casino will allow you to request your free spin bonus windfall. Pretty cool, right?

Reload Bonuses

Bonuses are available to existing crypto casino players too. Reload deposit promos are usually in high demand, as they tend to be the most lucrative bonuses after welcome offers. To get a reload crypto bonus, you need to top-up your casino account during a promotional period. If you deposit outside this period, the promotion won't be activated.

There are a couple of other things you need to know about reload bonuses. First, you must use an accepted deposit option. As we already mentioned, cryptocurrencies are usually accepted for these types of bonuses. However, you should still check the terms and conditions of the bonus, as some casinos may restrict the use of e-wallets or cryptocurrencies for some reload deposit promotions.

Another thing to have in mind is that as enticing as reload bonuses are they will not come close to the welcome bonus. For instance, if a casino matches 100% of your first deposit, it might offer a 50% matched bonus for a reload promotion. So, don't expect to break the bank when activating a reload promo.

Cashback

The best crypto casinos offer great value to players when they win but are also there when gamblers lose. And while everyone loves winning bets, losing wagers also present an opportunity for an online casino to offer value to players. How, we hear you ask? By offering cashback promotions.

With a cashback bonus, the crypto gambling site will return a portion of your losing bets at the end of a predetermined calculating period. For instance, an online casino might return 5% of the losing bet stakes in the previous week. A different casino site may offer a 10% cashback to players at the end of each month. The bigger the cashback percentage available, the better your chances of staying in good spirits even when your casino bets lose.

Conclusion

Cryptocurrency casinos offer unique advantages you can't get at traditional casino sites. When you deposit and withdraw using cryptocurrencies, you benefit from relatively anonymous transactions that are secure, transparent and cannot be changed by anyone. That security of transactions will provide you with the peace of mind needed for well-thought-out casino wagers that might result in winnings.

However, not all crypto casinos are worth your time. Some are better ignored, as they can give you more headaches than actual casino enjoyment. To prevent that from happening to you, before you join Bitcoin gambling sites or other crypto casinos, you have to do your homework. That means finding licenced online casinos that operate using advanced encryption technology. The casinos you join should also have a great selection of casino games, from online slots for gamblers craving instant gratification to live casino games for players looking for an authentic casino experience. Enticing welcome bonuses and free spins are a must too.

Unfortunately, finding reputable crypto casinos that tick all those boxes can be quite difficult. We can help you with that. At Betpack, we examine crypto gambling platforms and assess all their elements and features. We join each of the casinos we test and deposit and withdraw with the crypto payment methods available. That way, we find the best crypto casinos and examine their features first-hand. So, if you are looking to streamline your online crypto casino search, choose one of our expert-vetted crypto casinos. Joining a top crypto gambling site is never easy, but with Betpack, you can do that hassle-free.