The best cryptocurrencies
Over the years, cryptocurrencies have gone from obscurity to relative mainstream in record time. Since 2017, more and more people have joined the ranks. Today, newcomers are entering the industry at a record pace.
However, it looks like even more companies are starting to embrace unique financial technology.
Consequently, we have some recommendations for the best casinos that will allow you to gamble using cryptocurrency. If you have a few coins burning a hole in your pocket, all the institutions listed below are ideal for your purposes.
What is cryptocurrency?
Of course, it wouldn’t make sense for us to proceed without clarifying what cryptocurrencies are. Simply put, it’s a type of electronic money.
While this may be an oversimplification, for the moment it should serve as a useful shorthand.
If you want to explore the concept in more detail, the technology is based on the following principles. Of course, the following information may not be for everyone. Fortunately, you don’t need to understand how things work to enjoy the benefits.
- Decentralised medium of exchange:
Most currencies are controlled by a central institution. For example, with the US dollar, the Federal Reserve controls everything. It is up to them to decide how many new dollars to put into the economy in a particular year. No matter what they say. In comparison, cryptocurrency is not controlled by any particular institution. On the contrary, it is an emergent phenomenon that is the result of multiple computers and networks working together.
- Blockchain is an immutable public registry:
Cryptocurrency is inherently dependent on the blockchain. Without blockchain, nothing would work in the crypto world. However, what are you talking about? Basically, you can think of it as a ledger in a bed and breakfast type hotel. Instead, everyone on the network can view the book at the same time. Also, only members of the network can edit the ledger. Thus it is much safer than traditional currency technology.
- Depending on who you ask, this could be considered a new form of investment:
Perhaps the most remarkable quality, volatility, is what attracts people to these currencies in the first place. Because they tend to change value quickly, with the right strategy you can trade them as a type of asset. In some cases, people get lucky and see their investments skyrocket in value in the blink of an eye. Although this is rare, it is one of the most important reasons why people first become aware of them.
What is a cryptocasino?
At this stage, you should have a good understanding of the basics. Now we can talk about how they are applied in the real world. Of course, it was the casino challenge that brought you here in the first place. In general, crypto casinos are not much different from traditional casinos. Rather than allowing players to gamble with their dollars, these institutions allow players to put their cryptocurrencies on the table. Everything else usually develops as usual.
- These are registered gaming companies with a specific specialisation:
In most cases, people have a few questions they’d like to ask before they play at such places. Because of something new, it’s no surprise that some worries are running through people’s minds. Fortunately, every establishment on this list of top cryptocurrency casinos is fully registered with the Gaming Commission. That way you know everything is above par.
- Instead of fiat currency, they only allow players to join cryptocurrency:
Suppose you made an investment a few years ago. Now it seems to be worth a lot more than that. While that first cryptocurrency purchase didn’t seem like a big deal at the time, it could be worth considerably more today than it was then. If you find a hidden stash of cryptocurrencies, one of them might see it as the perfect place to shell out some of your loot. Who knows? At the end of the night, you might walk away with even more than you got here.
How do you play at a crypto casino?
By now, you may be interested in learning how to have fun at one of these venues. If you’ve played at an online casino before, it shouldn’t be much different than at one of these establishments.
- Just like at any other online casino:
As with other establishments, you need to register an account before you can play. The funds must then be transferred to your wallet. Otherwise, even if you reach the table, you won’t have anything to bet on.
- You are playing for cryptocurrency:
Of course, once you’ve opened your account, you’ll need to receive funds before you can deposit them. Since you won’t be using dollars, you’ll have to exchange them for the appropriate cryptocurrency. Depending on the casino, certain cryptocurrencies may be accepted. If you have no experience in buying them, it’s best to be cautious at this stage. There are thousands of different cryptocurrencies today. If you buy the wrong one by mistake, it can be a huge waste of money.
- First, you need to deposit the cryptocurrency into your account:
Usually, the easiest way to get cryptocurrencies is to buy them on exchanges. If you partner with any of these institutions, you can send them fiat currency and receive cryptocurrency in return. Then all you have to do is wire the money to your wallet at the casino. Once deposited, you can receive them.
- How to choose the best crypto casino
With so many casinos to choose from, it can seem like finding the best one can be an almost insurmountable task. In general, the process is as follows.
- First, let’s look at their choice of games:
Why do people go to casinos most of the time? It’s usually because they want to play some kind of game. As a result, game choice is our strongest factor in evaluating different casinos. Assuming everything else is the same, the casino with the better choice will always win.
- Secondly, we check their promotions:
Once they’ve settled on a game, we want to know what promotions they’re offering. Usually most casinos offer fairly generous bonuses for new players. Of course, these could be tactics to get people on board. So we’re excited to see what else they can offer existing players. It will be good for their final grade if they have a wide range of options.
- We then determine how easy it is to deposit and withdraw funds:
After these two factors, we explore how easy it is for people to invest. As simple as it seems, not all places have been able to find this out. In some cases, even we find it difficult to put money into a casino. Obviously, in such cases this would be a disadvantage for the casino in question. The easier it is for people to start playing, the higher they will score in this category.
- Finally, we check the quality of their customer service:
We should try to talk to the support team. It is helpful to know that there is a great customer service team ready to help with any problem you encounter. The more helpful the team is, the better they will handle our assessment. Of course, it also works the other way round.
What games do crypto-casinos offer?
Suppose you want to find out about the games that can be found at one of these casinos. Although you won’t find all the games in all of them, in most cases you will be impressed with the selection. Compared to traditional casinos, you’ll find almost all the same familiar faces at cryptocasinos.
- Slot machines:
First of all, you’ll find plenty of slot machines to play while you wait your turn. Since they’re one of the most popular games in casinos, it makes sense that they’re so widespread in this industry.
- Table games:
After slot machines, table games are the second most popular. Fortunately, from our testing, most of these casinos seem to offer some of these games. That way you won’t be stuck with the slot machines all night. Once you decide to branch out, there are almost always other things to try, or learn more and up your game by reading the best slots guides and strategies.
Usually we like to spend time at the blackjack tables. Since the rules are always the same, it’s never too much trouble to sit down and play your hand. If you don’t know what else to do, you can always rely on quick blackjack to get you back in the right zone. Just read the best blackjack guides and strategies before you start playing blackjack.
You might enjoy something more social while gambling. If this appeals to you, we can offer a quick spin on roulette. With so many options, it tends to attract a lot more people than some of the other games on this list.
- Live gambling:
Best of all, more and more online live casinos are offering live gambling options. .This allows you to interact in real time with other human players from around the world. This provides you with additional benefits associated with a personal casino. In our opinion, these games seem to embody the future of the industry.
How do I make a deposit at a crypto casino?
By now, it should be easy to see that these casinos are not that different from the ones you usually go to. In most cases, the only significant difference is the type of currency you bet on.
Of course, to place bets at any of these establishments, you’ll need to acquire some cryptocurrency. Otherwise you will have to sit on the sidelines as a bystander.
Fortunately, you can easily acquire cryptocurrencies by following the instructions below. You can play late into the night at your new cryptocurrency casino if you have all the required documents.
- Register an account, then click the deposit button:
Generally speaking, most institutions will have a copy of your government ID. Before you can make a purchase, you must submit it. Sometimes it can take a few days to process this information. However, if you are lucky, the processing should be over in a few seconds.
- Using another device, go to the cryptocurrency exchange:
Once you have registered for an account, you will need to download an additional app. These applications will provide you with a crypto storage address. Usually referred to as a simpler wallet. It is similar to the one you have in your pocket. However, it only exists electronically.
- Buying cryptocurrency with dollars:
Now that you have a wallet, you can finally buy cryptocurrency. On the exchange, make the transaction as if you were buying a stock. Then wait for it to finish before continuing. Once the order is complete, you should see the money in your wallet on the exchange. You then have to withdraw it to your personal wallet before sending it to the cryptocurrency casino.
- Then, using your casino wallet address, send the funds from the exchange:
In your personal wallet, find and copy the address associated with your account. After copying, go to the corresponding wallet on the casino website. From there you should see an area where you can paste your wallet address. After pasting, make sure nothing has changed in the meantime.
- Provide sufficient funding to cover the miners’ fees:
Finally, make sure you have enough cryptocurrency to cover the small fee before hitting the submit button. Every time you send cryptocurrency anywhere on the web, you have to pay a small fee to facilitate the exchange. They pay for the electricity for the machines that check transactions. None of this would work without her. Therefore, these commissions are unavoidable if you want to use cryptocurrencies.
How do you withdraw money from a cryptocurrency casino?
Let’s say you had a great night at the casino. If so, how will you withdraw your winnings at the end of the night? Well, if it’s a decent institution, it should be similar to the method you use to deposit your funds. However, you must use the wallet address in your personal wallet, not the casino’s address.
- On your device, create a digital wallet:
If you haven’t already created a withdrawal wallet, you need to create one now. Fortunately, there are many apps that allow you to do this from anywhere with an internet connection. Find one that suits your needs and set up your wallet before moving on.
- In your wallet, find your wallet address:
As before, find your wallet address in your account. Once you find it, copy it to the clipboard. Then go to the casino’s website.
- On the casino website, go to the withdrawal page:
From there, you should see a section that talks about withdrawals, next to where you clicked to deposit. Once you find the relevant shortcut, you can click on it whenever you want.
- From there, paste your wallet address:
On this page, you’ll see a box where you can enter your wallet address. Paste the information you have copied into this area.
- Make sure the address is correct, then click “Continue”:
Once you’ve entered the details into the form, you’ll want to make sure everything is correct. In some cases things can change. Unfortunately, when you use cryptocurrency, most errors are permanent. For this reason, if you want to avoid mistakes, you should double-check your work before you hit submit.
- Give the blockchain enough time to process the transaction:
Generally speaking, most transactions should complete within an hour at most. However, in some cases it may take much longer. If you want to speed up the processing time of your transaction, you can allocate more funds to cover the fees of the miner before sending the payment. The more funds you allocate to the miners, the faster your transaction will be processed.
- After enough time, the funds should appear in your digital wallet:
After enough time, you will see the funds appear in your wallet. In some applications, you will even see them when they are not yet validated. However, until they are sufficiently validated, you will not be able to access them. For this reason, we recommend that you give your wallet time before verifying it. Otherwise it could be an exercise in frustration.