What is crypto gambling?
Gambling with crypto currency is the same as gambling with any other real currency accepted in regular online casinos. The only difference in crypto gambling is that the currency used to deposit and withdraw funds from the casino is digital as opposed to physical money that you can hold in your hand. It’s no secret that online casinos are one of the most innovative, adaptive and most technologically advance industries in the modern world. As crypto currencies are fast becoming a mainstream means of transacting online they are now as you would expect also becoming a prominent means of transacting for online casinos. Crypto gambling is therefore the same as real money gambling where you can withdraw any profits that you make from your casino play in the same way that you would with any regular fiat currency.
Are crypto casinos legal?
Yes, crypto casinos are licensed the same as any other online casino and are bound by the same stringent regulatory measures as you would find with a standard online gaming operator. The most common jurisdiction of license that casinos accepting crypto currency possess is the Curacao Gaming license. This gaming license allows online casinos to operate gambling related products and services in all non regulated countries or territories. This is a significant benefit to operators wishing to offer their casino access to multiple geographical markets at the same time. So, to summarise, yes crypto casinos are legal and for peace of mind you can generally find their license information in the footer of their website the same way that you would for a traditional online casino.
What cryptocurrencies do casinos accept for crypto gambling?
Crypto casinos accept most of the more widely accepted cryptocurrencies available in the cryptocurrency market. Cryptocurrencies that are most accepted in crypto casinos are Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dash, Tether, Ripple, Dogecoin, Monero and Binance Coin. Although some crypto casinos or cryptocurrency payment aggregators do accept other cryptocurrencies, these are most commonly used and more widely accepted cryptocurrencies that you can expect to find in an online casino. As cryptocurrency becomes more mainstream in its user adoption we would expect to see a lot more of the thousands of available cryptocurrencies online being added to the online casino payment processing space over the coming years.
Crypto gambling – Why are crypto casinos better?
Casinos that offer players the option to deposit and withdraw in cryptocurrencies referred to as ‘crypto casinos‘ are better than standard online casinos as they provide players more choice and freedom while enjoying their online casino experience. In addition to having more options to top up and cash out from your account, crypto casinos also tend to offer their players some significant benefits over standard online casinos. These benefits come in the form of faster deposit and withdrawals due to the nature of cryptocurrencies technology since they are already digitally based. As a direct result of the cryptocurrency technology you will also often find that your deposit and withdrawal transactions will as well offer much lower processing fees. Lower fees mean more of your precious money reaching your accounts as you transact. On top of being able to deposit and withdraw in cryptocurrencies nearly all crypto casinos also offer the usual fiat deposit methods that you will find in any online casino, whether it be credit/debit card or one of the many other tailored deposit options.
It’s not just the transactions themselves either that benefit players playing at crypto casinos, often you will also find that the actual deposit and withdrawal limits set by the casino for players wishing to deposit via crypto currency are much much higher than that via standard fiat currency. This is especially attractive and important to high roller or VIP players who play with substantial balances and rather fund or withdraw from their account in one simple transaction as opposed to multiple smaller transactions each incurring fees. You will also tend to find the rewards or loyalty schemes offered by crypto casinos are tailored and more suited to users of cryptocurrencies. Crypto casinos offer multiple different perks to players playing with cryptocurrencies such as regular loyalty payments made in crypto or promotional opportunities to win more cryptocurrency.
What are the best crypto casinos?
Although there are many different crypto currencies to choose from there are a few clear winners in the crypto space that we at Casino Tour Guide feel are heads and shoulders above the rest.
The best of the bunch being Winz.io! You can check out our full review of Winz.io by clicking here. Winz.io is one of the largest and most reputable online cryptocurrency casinos that is expanding rapidly due to the vast solutions that it offers to both cryptocurrency and non-crypto players. The casino is also becoming a leader in terms of welcome bonuses and prizes due to their ‘zero wagering requirement’ policy. In the next few sections, we will get into all the juicy details about Winz.io and why this cryptocurrency casino is now one of the fastest-growing in the industry. We will tell you all the services that this platform is offering and why you should absolutely consider it for playing casino games with Bitcoin and digital assets.
Spinfields casino is also one of our most recommended and favourite crypto casinos for a multitude of reasons! With a solid selection of games to choose from, both crypto and fiat currencies available and a host of engaging promotions to keep us entertained it’s a joy to play at Spinfields. Really, give them a try and you’ll see why! You can read our full review of Spinfields casino here!
Should you wish to learn more about crypto casinos and find unique reviews of each of them you can check out crypto casino category.