Little by little, online casinos are replacing the land-based ones. More and more people prefer websites or mobile apps as they are more convenient. In fact, web-based gambling is estimated to reach $81.7 billion by 2022. Sounds impressive, doesn’t it?
The industry evolves so rapidly that we have to monitor changes all the time. Introducing cryptocurrencies to online gambling is a recent trend that you might want to consider while choosing a casino.
Nowadays, there are dozens of websites offering gambling with crypto coins, but, unfortunately, not all of them can be considered trustworthy. Bitcoin gambling is still in its infancy, so you need to do a lot of research before getting involved in it. Scammers steal crypto worth millions of dollars a day, while gambling is one of the areas most attractive to fraudsters. Famous blogger Katie Wager warns about the scam signs and suggests you check forums for the reputation of casinos, learn which providers the games come from, and read about the license carefully. With that in mind, we compiled this comprehensive guide to Bitcoin casinos in order to make your job easier.
To start gambling online with BTC, ETH or any other crypto token, one needs to follow a few steps:
Each step deserves a separate detailed guide but that’s enough for starters. But how to choose the appropriate casino though? Let’s find out.
There are too many casinos at the moment and it’s not easy to choose the best among them. Which criteria to apply while selecting? A trustworthy operator should provide a user-friendly interface, bonuses with loyal wager terms, and a wide variety of games from reliable brands.
It’s also better to choose a legit casino, which follows the provably fair principle that allows everyone to check the transaction integrity and test random number generators. Once you’re sure about their fairness, check the users’ reviews. If everything suits your needs, sign up on the website.
Here are 5 examples of credible crypto-gambling platforms:
This is one of the well-known crypto casinos that was established back in 2014. Fortune Jack is regulated by the government of Curacao and uses the Provably Fair algorithm. Gamblers can play more than 500 different games here, including poker and rooms with live dealers. This crypto-only casino accepts DOGE, XMR, DASH, BCH, LTC, ETH, ZEC, and BTC, of course.
As for negative sides, some users are unsatisfied with high wagering requirements with a minimum of 50x rollover.
Here we have another website which integrity is guaranteed by the government of Curacao. BitStarz supports about 1,000 games and accepts both crypto and fiat money. This casino has an attractive design and its customer support is available via social networks, instant chats, email, and even the Reddit thread.
When it comes to crypto payments, only BTC is supported here. Although BitStarz offers a lot of games, there’s no option of sports betting. Rollover requirements are high but slightly lower than those of Fortune Jack – 40x.
This casino was launched in early 2014. mBit is also licensed by Curacao. The website features fast and anonymous payments, allows betting on sports, and operates tried-and-tested RNG systems. It works fine both as a desktop platform and as a mobile application, which is available for Android, iOS, and Windows devices.
mBit accepts only BTC, but supports payments in euro as well. The number of games is relatively small – there are about 300 titles. However, the most significant drawback is that the casino doesn’t work with a Provably Fair system.
Being launched in 2013, this is the oldest crypto casino. BitCasino features a lot of games – more than 1,500. Rollovers are pretty low as they start from 30x for small bonuses. BitCasino has various special offers and VIP programs for both newcomers and experienced players.
Similar to mBit, this website doesn’t have a Provably Fair system and accepts only Bitcoin. Another weak point is essential for the American gamblers as BitCasino is banned in the USA. Also, you won’t find poker games on BitCasino.
BetChain is a pioneer of crypto gambling which has evolved into a global system that works with fiat currencies too. The platform is owned by Direx N.V. and licensed by Curacao. There are tons of various games – from slot machines to horse racing bets. The website is available in 10 languages.
BetChain’s design leaves much to be desired. But the main disadvantage is that there are a lot of regulations which vary from one game to another.
Using crypto for gambling already comes as no surprise. What is more breakthrough and new is gambling regulated by smart contracts. Some of such platforms include vDice, Edgeless, and FunFair. They are pretty unusual, but much more secure as smart contracts allow for the gambling process to be pre-programmed and executed only when all the conditions are met. This excludes any possibility of fraud and cheating.
If you want to use your crypto for gambling, first of all, find a reliable casino. You can choose among the five we’ve mentioned or you can do your own research. Don’t forget about safety measures and pay attention to wagering requirements a particular gambling website imposes.