In-Depth Guide: Online Gambling with Cryptocurrency
Paying and playing with cryptocurrency is becoming more and more common in all sorts of iGaming niches and this includes online casinos. iGaming providers have shown that they’ve been keeping up with the industry and embracing the latest developments in crypto. As a lot of free minded crypto owners have turned out to be keen on gaming too, an increasing number of online casinos are opening up to the likes of crypto transactions.
Today, there are quite a few online casinos that let their players deposit in popular cryptocurrency like Bitcoin, Ethereum, Dogecoin, or Litecoin. This in-depth guide on online gambling with cryptocurrency is meant for everyone that is interested in both crypto and gambling. Let’s see how crypto and casinos have turned out to be the perfect match.
Table of Contents
Crypto in iGaming
iGaming companies have always been ahead of their time and this might be the exact same reason why they’ve been massively adopting crypto transactions on their platforms. What both industries share is that they’ve taken an offline product to an online setting which is why today’s technological advances are the friend they have in common. Traditional institutions, like banks or governmental organisations have shown to be very reluctant and even hostile, which shows a clear contrast between conservatism and the will to thrive and just embrace what today’s technology gives us. As the iGaming industry has shown its willingness to become mobile, instant, and user friendly, it will come at no surprise for many that crypto has turned out to be highly in demand in the gaming industry.
Common characteristics between crypto and online gambling
This especially applies to online casinos who share an important characteristic with crypto currency: although once considered taboo, online casino websites have gained widespread acceptance. The same happened to crypto and it is actually still happening: detested by governments, but loved by many, cryptocurrency is gaining global support and it’s hard to neglect its popularity. Online casinos were once deemed dodgy too, but more and more governing bodies have embraced the likes of online gambling as the industry has become a lot more transparent. In addition, the online gaming industry represents millions of dollars which has also been one of the reasons for governments to legalise online casinos in many parts of the world. At this point of time, it is still hard to tell whether governmental organisations will embrace crypto as they’ve done with online gambling.
Online Casinos
Online casinos are online versions of traditional casinos offering online versions of casino games. Some of these online gambling websites have been going strong for decades and offer an exciting experience with a wide range of different casino games, including pokies, blackjack, and even poker and bingo. Some of the online casinos are now even being backed by state institutions. With the introduction of live dealer casinos, players at home are connected with live dealer tables, making sure the experience at home reaches new levels and people feel like they’re part of the gaming action.
Online casinos vs. traditional casinos
Online casino websites are known to be a lot more convenient than land based platforms because of their 24/7 availability, internet casinos are known to offer a whole range of extra reasons to be preferred over traditional casinos. Vaster game lobbies, higher Return to Player (RTP) rates, and progressive jackpots are a few reasons why traditional casinos have lost space to their online counterparts. Of course, there are also welcome bonuses and promotions available for players that join online casinos which partially explains why users have rapidly exchanged land based casinos for online versions.
Where to play?
In addition to regular online casinos there are many lists of trustworthy crypto casinos that are available to players from all over the world, as you’ll find out on Kiwigambler, considered one of today’s most popular online sources to find a good online casino. If you’re looking for online casinos that have embraced the crypto market you will see that a lot of these sites are based in Curaçao, but the good news is that these casinos are universally available which should hold for your country of residence as well. When searching an online casino to play with cryptocurrency, it is advised to look into other features as well than other payment methods available. Other criteria to bear in mind are the casino’s portfolio, bonus package, and customer service.
How to gamble with cryptocurrency?
The good thing about crypto is they were introduced to easen things up. This is why it is fairly easy to start gambling with crypto currency as the only difference is that you’re choosing an alternative payment method, which shouldn’t affect the rest of your gaming experience. In order to start gambling you should look out for the following steps:
- Make sure you have a wallet and crypto: to be able to gamble with cryptocurrency, you clearly first need a wallet and crypto.
- Sign up at a crypto casino: then you’ll need to create an account at a casino that accepts crypto currency like bitcoin.
- Deposit your funds: upon your registration, you will usually be directed to the banking page where you can deposit your funds.
- Select your preferred crypto currency: often this tends to be bitcoin, but there may be some other popular crypto currencies as well, such as litecoin or ethereum.
- Time to play: your funds should be fastly available in your online account which means you’re all set. It’s time to enjoy the fun and play (responsibly).
