Best Crypto Casinos 2021
For many people who are unable to access real casinos due to regulatory restrictions, online gambling has always been a big draw. Even though it is typically associated with the risk of losing money and is frowned upon by moralists, it is nevertheless a fun pastime. Cryptocurrencies, particularly Bitcoin, have propelled the niche to new heights. Overall, they allow consumers and casinos to circumvent some stringent rules. Bitcoin, on the other hand, is an excellent option because it ensures your anonymity and allows the niche to escape government surveillance.
Top 3 Best Crypto Casinos
Fake ratings and flashy websites won’t help a casino stay viable if it abuses its customers. As a result, the first crypto gaming leaders, who could only boast Bitcoin dice, faded from view. The variety of games available today is greater than ever before. Furthermore, cryptocurrency casino software and the usability of websites have been enhanced. Thus, you’ll be able to identify reliable platforms.
5 Best Crypto Casinos
Table games, races, virtual slots, live games, and many others are available. In general, there are over 4000 games for cryptocurrency players.
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Playing various types of crypto games as well as classic casino games.
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Sports betting and the VIP program, including exclusive games and regular promotions.
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Helpful features for newcomers such as the “Get Started” pop-up feature that informs about available bonuses, balance, and new games.
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More than 400 provably fair games such as Roulette, Slots, Minesweeper, Blackjack, Keno, Video Poker, and others.
100% Bonus + 30 FREE SPINS
Crypto gambling can be a lot of fun, but it is important to be aware that it has the potential to become addictive. As a result, no matter how many bonuses and benefits crypto casinos give, you should not overindulge. Returning to the rating, most platforms offer nearly identical games and promotions. In this regard, other things should be considered while selecting a decent crypto casino.
Risks of Crypto Gambling
Despite the fact that crypto gambling has a lot of benefits, there are certain drawbacks to be aware of. You’ll be able to make an informed judgment about whether or not the niche is worth your time and money if you have a complete understanding of how it operates.
The cryptocurrency is still in its early stages of development. Nonetheless, it is regarded as a legal payment option in 2021. Yet, it is subject to volatility, just like any other currency. Of sure, it won’t lose value in a week, month, or even a year. However, there is still a risk factor. In most situations, if you put money into a bitcoin casino, you will not be able to reverse your transaction. Bitcoin can be used for illegal purposes because it is mostly anonymous. Certain government restrictions may be introduced in the future in this regard. Other disadvantages include the following:
– The lack of support
As previously said, bitcoin and other cryptocurrencies are unregulated and you are the only person who can use them. It is one of their most significant benefits. On the other hand, it may result in various drawbacks. You will be unable to seek compensation if your crypto wallet is hacked and your funds are taken. It’s also difficult to get your money back because it’s nearly impossible to track your coins. The wallet provider’s and crypto casino’s customer service makes a difference. However, they are frequently impotent to remedy your issues. The only way to reduce this risk is to do everything you can to secure your assets by using a reputable cryptocurrency wallet and modern software.
– Problems with chargebacks
You may have trouble reversing your transactions if you come across an untrustworthy bitcoin casino. You can easily obtain a chargeback in the case of fiat currency held in your bank account. However, if you use a crypto wallet, reversing your transactions is nearly impossible. As a result, you should exercise caution when selecting a crypto casino.
– The volatility aspect
Volatility has an impact on all currencies. And cryptocurrency is no different. For example, Bitcoin is expensive today, but the situation can alter at any time. On the one hand, it’s an upside because the value of your coin can rise. On the other hand, you may lose money while converting cryptocurrency to fiat currency. In any case, it works both ways.
Pros of Crypto Casinos ⚡
Crypto casinos, like anything else, have their own set of benefits and drawbacks. We are now removing ourselves from the total uncertainties and hazards associated with gambling in general. Instead, we’ll examine how crypto casinos operate and what they can and cannot provide. All transactions you make on a gambling website, for example, are rigorously monitored. It also improves the likelihood of recognizing you. If gambling is illegal in your region, it might lead to a variety of issues. As a result, when you use cryptocurrency, it allows anonymizing both your transactions and your identity.
Payments are processed quickly due to Bitcoin’s decentralized nature. It means that there is no bank or government that regulates cryptocurrency. Thus, no one can freeze your cryptocurrency wallet. Transfers are frequently accepted and confirmed right away, and withdrawals are also quick. Although getting a withdrawal can take a long time in some situations, you will not have to wait more than a few hours.
The anonymity of Bitcoin and other cryptocurrencies is currently being questioned. Bitcoin is, in reality, based on blockchain technology. It functions similarly to a database, storing information about your transactions. In theory, you should be able to track your operations. In practice, though, using a nickname to manage your wallet makes it difficult to track your activity. In this aspect, Bitcoin is thought to be the ideal alternative to fiat currencies due to its relative anonymity. Furthermore, some bitcoin casinos allow you to create an account that is fully anonymous and does not require any personal information.
Cryptocurrency transfers are possible all over the world. If you have a reliable internet connection, you can use your cryptocurrency in any way you like. Furthermore, there are no exorbitant fees that might range from 2 to 20% depending on the service. In this regard, the fact also provides another benefit.
Low transaction fees
When compared to other currencies, Bitcoin has relatively low transaction fees. They are primarily reliant on traffic, which only makes a minor effect. You can donate $20 or even $20 000, for example, and the fees will be around 5-6 cents. Fees are astronomically high in traditional online casinos. As a result, you lose a big portion of what you’ve gained. With crypto casinos, however, this is not the case.
Provably fair gambling
We frequently avoid using legal language when discussing gambling in general because it is a hazy area, especially in the case of crypto casinos. The niche is prohibited in several regions. However, we are continually on the lookout for proof of reliability. Thus, “provably fair casinos” have become a catchphrase among users. It implies that a casino has a good reputation as a result of its no-cheating policy. Any user can verify that the outcome of any game is random and fair. Nobody cheats, and if they do, they will be banned. Not all crypto casinos are trustworthy. In some cases, only a few games can be guaranteed to be provably fair. Nonetheless, we’ll go over this topic in-depth further down.
“I am very excited about the prospect of using cryptocurrency, not just as a money equivalent, but using it as a way to earn something as a result of doing some type of work.”William Mougayar
Frequently Asked Questions
Reputation means a lot in this industry. Thus, every casino should make efforts to prove that it is trustworthy. The main evidence of trustworthiness is the fairness of results. In this regard, provably fair crypto casinos always give you an opportunity to check that the result of the game is random to avoid any cheating. Various platforms may provide different ways to ensure fairness. They often employ math algorithms or systems. Here is an example of such a system. It is based on the hashed seed numbers users get when starting a game. They can add new seeds. At the end of the game, users receive a seed selected for the bet. Providing the seed has not been altered, the outcome is random and fair.
Yes, if the casino is licensed, it is registered and operates on a legal basis. Hence, it is more reliable as it makes efforts to meet the industry standards. As a rule, provably fair casinos are licensed. In the meantime, the kind of license also matters. For example, if a particular casino has a Curacao license, it probably imposes restrictions for users from particular countries (such as the US, UK, Australia, etc.). On the other hand, it is not always the case.
It depends on the casino’s payment terms. They also define wagering requirements, payment methods and cryptocurrencies accepted, etc. Every platform places information about payment terms in various sections of the website. As a rule, you can find it on the FAQ page, on special payment pages, or in the Terms and Conditions section.
Unfortunately, not every cryptocurrency casino provides customer support. In theory, you can contact them via some support channels such as email, phone, or live chat. But in practice, you can wait for the answer for hours. However, crypto casinos that care about their reputation have a customer support team that operates around the clock. They also provide multiple ways you can reach them out. If you deal with a trustworthy and reputable casino, you will probably be able to contact them even via social media. In this regard, it is recommended to avoid platforms that cannot provide high-quality customer service. And remember, live chat is a must for such websites.
In some countries, cryptocurrency casinos and Bitcoin casinos specifically are legal if they are registered and have a license. However, if you play from a country where gambling is banned, in terms of your government, it is illegal. Plus, like many online casinos, crypto gambling websites operate on the same legal basis. In other words, it is not less or more legal than any other platform of this kind. Nonetheless, while choosing a crypto casino, you should prioritize licensed options as it minimizes the possibility of being scammed or cheated.
Today, in most crypto casinos you can play the same games you usually see in standard online casinos. They include slots, roulette, blackjack, video poker, craps, lottery games, and many others. Some cryptocurrency casinos even allow sports and esports betting. Besides, some game providers develop exclusive games for Bitcoin gambling sites. Thus, the range of games mainly depends on a particular casino.
Things to keep in mind while choosing a crypto casino
When dealing with something that requires your personal information and payments, cybersecurity is critical. Cryptocurrency, such as bitcoin, is a relatively safe way to gamble because it allows some anonymity. However, in order to complete a purchase, you must first complete the two-step verification process by entering your login information.
Prioritizing trustworthy platforms
Before opting for a particular crypto casino, make sure it has a good online reputation. You can check Sitejabber, Trustpilot, or Reddit to find out if a particular crypto casino is trustworthy or not. It will also give you an idea of how it communicates with its players, if it lives up to its Terms and Conditions, etc. By doing so, you will be able to identify some problems you can face in advance.
Using strong passwords
You should create the strongest password possible when creating an account on any gaming site. When dealing with an online casino, you must ensure that your transactions are secure. Use a variety of symbols, such as lower and upper case letters, numerals, special characters, and so on. Do not copy your password from other platforms. It’s also a good idea to update your password on a regular basis.
Provably Fair Crypto Casinos
It has only been a brief window since the cryptocurrency was employed for gambling. There aren’t enough rules in place to limit crypto casinos. On the one hand, they have the above-mentioned advantages. On the other hand, you might be wondering if the niche is legal. Gambling websites are not outlawed in all jurisdictions. Some countries even have physical casinos that are legal. In this scenario, you should be aware that some popular gambling websites may be legal in some areas but not in others. Because of the lack of regulation, the concept of cryptocurrency casinos sometimes falls outside of these terms. Some crypto casinos can theoretically be registered, but they remain in the gray zone.
Nonetheless, given the existence of crypto casinos, individuals require assurance that they can be trusted. The concept of “provably fair” cryptocurrency casinos arose as a result of this. The majority of reputable gambling sites use a Random Number Generator to ensure a fair outcome in any online game. It is fair because you cannot predict it for 100% or change. Nobody can cheat with this system.
When cryptocurrency casinos appeared, they did not have such a system. So, using them was quite a risky business. Today, the situation has changed. There is a way crypto casinos can ensure the fairness of the games you play. The system is based on the hashed seed numbers users get when starting a game. They can add new seeds. At the end of the game, users receive a seed selected for the bet. Providing the seed has not been altered, the outcome is random and fair. Thus, provably fair crypto casinos give you an opportunity to assure the fairness of this process. As for cryptocurrency casinos in general, this is basically the only way to attract new players and gain their loyalty.
There are some indicators that a crypto casino is provably fair. First and foremost, it values its reputation and delivers customer service. It is normally available 24 hours a day, seven days a week, and includes several ways to contact them. S some casinos maintain social media accounts. Looking ahead, all of the websites in our study have been proven to be trustworthy and provide excellent customer service. However, before choosing a crypto gambling site, make sure to read the terms and conditions. You will find some useful information there concerning bonuses and other benefits. Apart from that, it’s an excellent way to see if the platform has shown to be provably fair.