Cryptocurrency Online Casinos
How does an online cryptocurrency casino work? Is it safe to use cryptos to fund your casino account? OUSC breaks it down for you.
Cryptocurrency is a digital currency which uses encryption technology to generate new units of currency and to verify the transfer of online funds. Sometimes called virtual currency, cryptocurrency uses an online public ledger called a “blockchain” to track payments.
Each time a payment is made, that transaction is added to the ledger for all to see. Because these blocks of payments are added in a linear, chronological order, no one can manipulate the public ledger – identity thieves and other scam artists cannot manipulate blockchains.
Benefits of Cryptocurrencies in Online Casinos
- Safe Deposits
- Quick Payments
- High Limits
- User Privacy
In this guide to online casino cryptocurrency payments, you’ll learn the benefits and the drawbacks to using payment methods like Bitcoin, Litecoin, and their fellow digital currencies in general. OUSC will also delve into what each of these is, and their potential benefits to using cryptos as a method to fund a player’s online casino account.
Legit reasons exist to use cryptocurrency for gambling purposes. In fact, readers will find that virtual currencies often are the safest way to pay for your online gambling – and collect winnings. Here are some of the top advantages.
Cryptocurrency Online Casinos
All You Need to Know
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Using Cryptos as a Payment Method at an Online Casino
Players who want to use cryptocurrency payments have a couple of extra additional steps to make. Once you choose an exchange and cryptocurrency wallet, your deposits and withdrawals will be much faster than ever before.
Read through our steps for cryptocurrency deposits and withdrawals as a guide to the entire process. Your online casino payments will be faster, safer, more private, and more secure than old payment methods could ever offer.
Making a Cryptocurrency Deposit
Buy Virtual Currency
Go to a cryptocurrency exchange to make a crypto purchase using your ACH, debit card, or checking account. BetOnline recommends Coinbase.com but links to a page with 36 other options, including Kraken, Binance, and Gemini.
Get a Wallet
Next, select a cryptocurrency wallet. These hold your money as a bank or e-wallet would. BetOnline recommends Mycelium or Copay for Android users while suggesting Breadwallet or Copay for iOS players.
Create a Casino Account
Now go to an online casino homepage, click on “Join” or “Register” and create a casino account. Fill out the registration form and you’ll be signed up in minutes.
Fund Your Account
Go to the cashier page to make a deposit. Choose a cryptocurrency, then select the cryptocurrency wallet you prefer. Make a deposit and remember to accept the welcome deposit for bonus cash.
Play for Real Money
From the homepage, select the game you want to play from the menu. Most sites have categories like slots, table games, video poker, live casino games, and specialty games.
Making a Cryptocurrency Withdrawal
Clear Wagering Requirement
If you accepted a welcome bonus or any weekly bonuses while playing, remember to clear the wagering requirement before making a deposit. These playthrough terms require a player to bet a bonus a certain number of times before withdrawing the cash.
Cash Out Winnings
Once you have fulfilled terms and have winnings, go to the cashier page to make a withdrawal. Select your withdrawal method, input how much money you wish to collect, and verify the cashout.
Next, go to your cryptocurrency wallet. Here, you’ll find your winnings in the account in crypto form. Sell this on the cryptocurrency exchange to convert it into traditional currency.
Go to the bitcoin or crypto exchange to cash out your money. You can transfer the cash to your bank account, debit card, or credit card in instants. All this is much quicker than traditional online casino withdrawals.
The Best US Online Casinos For Cryptos
OUSC has three recommendations for US players who use cryptocurrencies. BetOnline is our pick for high rollers because it allows huge deposits and 5x bigger withdrawals than its competitors. MYBCasino is our pick for mobile players, while BigSpin Casino is our recommendation for players who want a selection of big bonuses.
These are the top online casinos for using cryptos as a payment method.
|CRYPTO CASINO||GO CRYPTO|
BetOnline Casino accepts Bitcoin deposits between $20 and $25,000. BetOnline supports a total of eight different cryptocurrencies and has a $15,000 BTC Deposit Leaderboard.
BetOnline players have the option to choose from different bonuses when using cryptos. See more about this below. You can use Bitcoin, Bitcoin Cash, Dash, 0x, Ripple, Ethereum, Litecoin, and Zcash.
- Cryptocurrencies Accepted: BTC, Bitcoin Cash, Dash, 0x, Ripple, ETH, LTC, Zcash
- Bonus: Up to $3,000
MYBCasino accepts Bitcoin, Bitcoin Cash, and Litecoin deposits between $25 and $1,000. MYBCasino is the sister site to MyBookie, the online sportsbook. MYBCasino has a 200%, $1,000 welcome bonus and a 400%, $1,500 reload bonus.Online players enjoy the enhanced graphics of MYBCasino’s 3D slots, while mobile players should enjoy the fact that 100% of the casino games are available for Android and iOS players.
- Cryptocurrencies Accepted: Bitcoin, Bitcoin Cash, and Litecoin
- Bonus: Up to $1,000
BigSpin Casino is a recent launch, but that means the site is fully compatible with all cryptocurrency wallets. Because it’s a new casino, BigSpin has several excellent bonus promotions. Make a deposit with Bitcoin, Litecoin, and Bitcoin Cash to receive a 200% welcome bonus up to $1,000.
BigSpin Casino also has 150% reload bonus up to $1,500. Those who play on the weekend shouldn’t forget the 400%, $2,000 Weekend Reload Bonus.
- Cryptocurrencies Accepted: Bitcoin, Litecoin, and Bitcoin Cash
- Bonus: Up to $1,000
Advantages of Using Cryptos as a Payment Method
Every payment method has its advantages and its drawbacks. Before using digital currencies for online casino payments, read through our list of pros and cons. Ultimately, we recommend cryptocurrency deposits and withdrawals as the most effective option, but you should consider all sides of the question before making a choice.
Why You Should Use Cryptos at an Online Casino
- Safe Deposits
Safety is a combination of two things: transparency and imperiousness to manipulation. Every online casino deposit or withdrawal goes on the public ledger in a block of payments, so you and casino cannot dispute the payment. Identity thieves can’t manipulate the information for their advantage, either.
- Quick Payments
Credit card companies and banks need to verify your identity with each payment. Because the blockchain technology handles verification, payments are processed much faster – almost instantaneously.
- Higher Limits
High rollers should consider cryptocurrencies. At most online casinos we recommend, the deposit and withdrawals limits are higher for Bitcoin, Litecoin, Dash, and Ethereum than any other payment method.
- Private Information
Crypto payments are not tied to your bank account or credit card, so your identity remains private. When a payment is made, hackers or scam artists trying to steal your identity will turn up nothing.
- Transparent Record
Counter-intuitively, your payments are also more transparent using blockchain technology. Everything can be verified easily in the public eye, even though you remain anonymous.
- Most Secure
Because your banking and credit card information isn’t used, identity thieves can’t steal your information. The passcode used to verify payment changes after a transaction, so identity thieves can’t steal your information. They would have to break into your house or steal your laptop to get the code.
The Best Crypto Casino Currency
The most popular cryptocurrencies for online gambling also happen to be the most popular and established blockchains: Bitcoin, Bitcoin Cash, Ethereum, Dash, and Litecoin. Each has been tremendously successful in its own right.
While each provides similar services, the successful cryptocurrencies each do something slightly different for users. The deposit and withdrawal information might vary from site to site (due to the operator’s policies), but the payment information below reflects the minimum and maximum limits you’ll find.
Bitcoin was the original cryptocurrency and it’s still the most popular. More online casinos support Bitcoin payments than any other virtual currency. Bitcoin is fast, safe, and secure. While all cryptos protect your security, you’ll find other cryptos that are faster than Bitcoin.
Bitcoin Cash came from a 2017 split from the original Bitcoin, which was designed to give the Bitcoin blockchain more room for growth. Bitcoin Cash trades at around $175 to $180 per unit instead of Bitcoin’s $4,000 per unit, but it has the same safety, speed, and privacy that its predecessor has.
Bitcoin Cash has a blocksize limit 8x bigger than Bitcoin’s, so transactions are handled much faster than Bitcoin payments. If you want the trust conferred by Bitcoin with a faster payout, try Bitcoin Cash.
Because it launched 6 years after Bitcoin did, Dash is also a faster payment method. The big watchword with Dash, though, is “privacy”. Dash was created with the purpose of creating more private online transactions. While no cryptocan give a person the 100% anonymity that people sometimes advertise, players who value their privacy above all other matters should consider Dash.
Ethereum is a whole different beast than the other cryptocurrencies in many ways. Yes, Ether acts as a digital currency which can be traded like Bitcoin, Litecoin, and Dash. Ether is a cryptographic token used as both a digital currency and a way to run applications (and monetize work) on the Ethereum platform.
Thus, Ethereum can be used to build and publish distributed applications, or even facilitate peer-to-peer contracts. Players who want to invest in a potentially groundbreaking digital currency should consider Ethereum.
By creating a blockchain four times bigger than Bitcoin, he developed a payment method which is much faster and has greater growth potential. Players who want a new-and-improved alternative to Bitcoin – but one still familiar to them – should consider Litecoin casinos.
Other Cryptocurrencies Accepted at Online Gambling Sites
As with any brilliant and successful idea, many imitators have arisen. The five cryptocurrencies above are not the only crypto payment methods you’ll find in online gambling. Each of the virtual currencies below is supported by certain online casinos, including those OUSC reviews. Each has its own unique features you might like. For now, readers should understand any of the following digital currencies are legitimate payment methods you might encounter.
The Best Bitcoin Casino Bonuses
Those who prefer table games or video poker should focus on the sites with the best cryptocurrency services in general. Search for welcome bonuses, reload bonuses, and rebates with high contribution rates from table games and video poker.
Below are the top 5 online casino bitcoin bonuses available for US players.
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Slots.lv $7,500 Bitcoin Bonus
Slots.lv has a $7,500 Bitcoin bonus for slots over your first nine deposits. When a customer makes their first Bitcoin deposit, they receive a 300% bonus up to $1,500 when they use the code SLBITCOIN300. On the next eight deposits, the same player receives a 150% bonus up to $750 when inputting the coupon code SLBITCOIN150.
The bonus has a 35x playthrough with a wagering contribution of 100% from online slots, scratch cards, and Keno; a 20% contribution for Pai Gow Poker, Let’em Ride, Caribbean Poker, and TriCard Poker; a 10% contribution from video poker, most blackjack, and baccarat; and a 5% contribution from single-deck blackjack, double-deck blackjack, and roulette.
Cafe Casino $6,000 Bitcoin Bonus
Players have two cryptocurrency bonus options at Cafe Casino. The first is the 600%, $6,000 Super Play Bitcoin Welcome Bonus with a 35x playthrough. “Super Play” means the winnings are capped at 10x the deposit, so you could win up to $60,000 on the max deposit. Players also can choose the 150%, $1,500 No-Max Bitcoin Bonus. This has a 25x playthrough and no maximum winnings, so you keep whatever you win.
Cafe Casino’s wagering contribution is 100% for slots and specialty games, 20% for most table games, 10% for video poker and blackjack, and 5% for single-deck and double-deck blackjack, roulette, and baccarat.
Bovada $5,000 Bitcoin Welcome Bonus
New Bitcoin depositors receive a $5,000 Bovada Bitcoin Welcome Bonus when using the coupon codes BVCBITCOIN150 and BVSBITCOIN50. The bonus consists of up to $4,500 bonus cash for casino play and $500 bonus cash for sports betting.
You receive a 150% bonus up to $1,500 on your first three Bitcoin deposits to the casino (total: $4,500), but you must use the code BVCBITCOIN150. You receive a 50%, $500 bonus for the Bovada sportsbook when you use the code BVSBITCOIN50.
The rollover on this offer is 5x Sports/5x Horses/30x Casino on your initial deposit plus the bonus. Craps and live dealer games do not count towards the rollover.
Ignition Casino – $2,000 Bitcoin Match Bonus
Ignition Casino has a 200%, $2,000 Bitcoin Match Bonus for the first time you deposit with Bitcoin. Input the bonus code IGBITCOIN200 when making a Bitcoin deposit up to $1,000 and you’ll receive up to $2,000 bonus cash at a 200% match rate. Casino gamblers who’re also poker players receive a $1,000 Poker Welcome Bonus at a 100% match rate, too. The playthrough is 25x the deposit plus bonus amount.
The wagering contribution at Ignition Casino is 100% for slots and specialty games, 20% for table games (unless otherwise stated), 10% for video poker and most variants of blackjack, and 5% for roulette, single-deck blackjack, double-deck blackjack, and baccarat. Craps and live dealer games do not contribute to the playthrough.
BetOnline Crypto Bonuses
One of our recommended sites –BetOnline– has two different deposit bonuses for Bitcoin and an ongoing Bitcoin leaderboard promo. BetOnline is an online casino, live casino, poker site, and sportsbook.
100% 1st Time Crypto Bonus
This BetOnline bonus is available for Bitcoin, Bitcoin Cash, Ethereum, Dash, or Litecoin depositors.
$15,000 BTC Leaderboard Promotion
The top depositor wins $5,000, while seven other members receive prize money (2nd: $3,000, 3rd: $2,000, 4th-8th: $1,000). Each prize has a 4x rollover, which applies to all games at BetOnline Casino.
How to Choose a Crypto Casino Site
To choose a cryptocurrency gambling site, you’ll need to weigh a number of factors. Ease of use is important, so familiarize yourself with sites’ payment methods, crypto bonuses, and deposit and withdrawal limits. When choosing an online casino, keep in mind the following questions.
- How many crypto payment methods does it support?
- What kind of cryptocurrency bonus does the site have?
- Are there any restrictions on game selection?
- Does it use your favorite virtual currency?
- What are the crypto deposit limits?
- What are the crypto withdrawal limits?
Top Online Games For Using Cryptos
Online slots remain the top online games for players using cryptocurrency. Most online casino bonuses favor slots, scratch cards, and Keno, so most of the crypto bonuses you’ll find will focus on these games. None of the top casinos have a crypto bonus for table games at the moment.
BetOnline 20% Weekly Reload Bonus
BetOnline has a 20% Weekly Reload Bonus which works for online slot games, video poker, and table games. The rollover is 30x for slots, 40x for video poker, and 60x for table games. As you can see, online slots still have the advantage, but all the games are included.
|CASINO GAME||BONUS CODE|
What is Cryptocurrency?
Cryptocurrencies act as an alternative to traditional online payment mechanisms. Instead of being controlled by the world’s banking institutions, cryptos are operated by a decentralized authority – that is, the blockchain’s users and its rules. Because the currency exists online entirely in the virtual sphere, it is not tied to government-issued currencies. No physical bitcoins exist; the same goes for the other cryptocurrencies.
Despite that drawback, or perhaps because of it, cryptocurrencies have become a store of value and a medium of payment for millions of consumers worldwide. Investors trade virtual currencies. Whole cryptocurrency exchanges exist for users. Virtual wallets allow consumers, merchants, traders, and even online gamblers to store their wealth outside the traditional confines of banking institutions and credit card companies.
Cryptocurrency: Brief History
Cryptocurrencies were a direct reaction to the 2008-2009 Global Recession. As the banking crisis deepened, banks stopped lending at a high rate. To facilitate the transfer of value around the Internet, a group of coders developed Bitcoin, which launched on January 3, 2009.
2009: Bitcoin Makes History
Mysterious Japanese programmer Satoshi Nakamoto is given credit for Bitcoin, though many believe Satoshi is a name given to the group who developed Bitcoin. Craig Wright, an Australian who’s since filed 70 blockchain patents with the UK patent office, claims to be Satoshi.
Bitcoin caused a sensation. While traditional bankers and financial experts claimed cryptos were unsound, online business people and consumers found it useful: Bitcoin was safe, secure, fast, transparent, and private. The virtual currency caught fire, gained in value quickly, and forged a revolution in currency exchange. That is the reason cryptocurrencies are so popular in online gaming. Cryptocurrencies provide the safest, fastest, most secure, and most private way to collect their winnings.
2011: Litecoin Launches
On October 7, 2011, a new cryptocurrency launched: Litecoin. Designed by former Google employee Charlie Lee, Litecoin was designed as an improvement on Bitcoin. 84 million potential Litecoins were allowed instead of 21 million Bitcoins, while litecoin mining happened at a 4x faster pace. Given two years to track Bitcoin’s development, Charlie Lee might well have created and improved crypto.
2014: The Arrival of Ethereum
Others followed Lee’s attempt. In 2014, a 19-year old Toronto bitcoin coder, Vitalek Buterin, launched Ethereum. Buterin had help from others, including Mihai Alisie, Charles Hoskinson, and Anthony Di Iorio. Developers Joseph Lubin and Dr. Gavin Wood also helped.
In many ways, Ethereum is more ambitious than previous cryptocurrencies, because the Ethereum Virtual Machine (EVM) executes smart contracts on the network, allowing a wide range of transactions beyond simple cryptocurrency exchanges. Players who want transactions that work as a contract should consider Ether payments.
2015: Dash Makes a Splash
Evan Duffield launched Dash on March 25, 2015. Dash began as “Darkcoin” in 2014, when Evan Duffield decided Bitcoin was not private or fast enough. Duffield, a 39-year old American born in Arizona, changed Bitcoin’s core code to make transactions more private. If a player wants ultimate privacy, they should consider Dash deposits and withdrawals.
2017: Bitcoin Cash Splits from Bitcoin
It might confuse some players that online casinos sometimes use Bitcoin Cash. Bitcoin Cash is a 2017 split-off from the original Bitcoin blockchain. The idea was to increase Bitcoin’s block size limit. Using a code change called a “hard fork”, the ledger split into two on August 1, 2017. Bitcoin Cash currently trades around $180 per unit, while Bitcoin trades around $4,000 a unit.
OUSC Final Thoughts, Conclusions, and Recommendations
Online casino players who like fast withdrawals should consider cryptocurrency payments. Those concerned that scammers and identity thieves will steal their credit card or banking information should use cryptocurrencies. Bettors who like higher deposit limits and withdrawal limits should use Bitcoin or one of its competitors.
Players who don’t like wild fluctuations in the value of their currency should consider other payment methods. Bitcoin has taken its users on a roller coaster ride the past couple of years, so you could win a big amount and still lose because the price of a bitcoin drops. Of course, it could rise significantly. Bitcoin payments are a game-within-a-game, so keep that in mind when choosing bitcoin payments.
If that’s a concern, try Litecoin, Dash, Ethereum, or even Bitcoin Cash, because they are less likely to fluctuate at present. Even for Bitcoin, most of the big rises and falls appear to be at an end. We’ve provided the information you’ll need to pick the best virtual currency for your gaming needs. Now that you know the pros and cons, pick a virtual currency, and start funding your online casino account.
Does OUSC Recommend Cryptocurrency Payments?
Yes. OUSC recommends crypto casino payments. They are faster, safer, more secure, and more private than any other payment method. High rollers do better with Bitcoin and its alternatives because online casinos allow bigger payments with digital currencies. Cryptos are easier for online casinos, so they give a lot of advantages to players who use crypto payments.
Bitcoin, Litecoin, Ethereum, and Dash are the future of online gambling site payments. The advantages far outweigh any disadvantages. Now is the time to switch over to virtual currencies, because most of the kinks have been ironed out — but so many digital currencies still have a lot of room to grow.
Players Also Ask About Cryptocurrencies
Readers might have a few more questions they wanted to be answered. We’ve anticipated a few commonly asked questions in this FAQ section. OUSC encourages readers to contact our webmaster with any questions you have about online crypto casinos.
Online Casinos Cryptocurrency FAQ
Is cryptocurrency safe?
Yes. In fact, crypto transactions are the safest on the Internet. Every time a cryptocurrency deposit or withdrawal is made, the transaction is added to the blockchain, which provides transparency. Each new transaction also generates a new password for your virtual currency wallet, so an identity thief cannot steal your information. Bitcoin, Litecoin, Dash, and Ethereum are 100% secure.
Can you make deposits and withdrawals at online casinos using cryptos?
Yes. A growing number of online casinos support one or more cryptocurrency payments. Some online casinos use nothing but Bitcoin and other virtual currencies. Most world class online casinos offer a wide range of payment methods: cryptocurrencies, credit cards, debit cards, web wallets, e-vouchers, and bank transfers. The sites we recommend have many payment options — including cryptocurrencies.
Are there any fees involved with cryptocurrencies at gambling sites?
No. Bitcoin, Litecoin, Dash, Ethereum, and Bitcoin Cash do not charge fees for deposits or withdrawals. That is another big advantage of using virtual currencies. They’re faster, safer, and charge no fees.
How long ago have online casinos been accepting crypto payments?
The first cryptocurrency launched on January 3, 2009, when Satoshi Nakamoto published the Bitcoin white paper. Within a year, online casinos began accepting Bitcoin deposits and withdrawals. At first, the sites which accepted Bitcoin payments were designed specifically for the purpose — often not very well-known and just as often existing on the Dark Web.
In the years since cryptocurrencies have become a mainstream part of online payments. In time, Bitcoin was accepted as a payment method by legitimate online gambling sites. More cryptocurrencies launched and gained acceptance in the mainstream Internet gambling industry. As of 2019, the biggest and most trusted online gambling sites now accept cryptocurrency payments.