There’s a reason why almost thirty billion dollars worth of cryptocurrency is traded every twenty-four hours. The blockchain technology behind cryptocurrency has made this new currency one of the most private and secure forms of money in the world.
That helps explain the emergence of so many crypto gambling online casinos. If you own crypto and you want to gamble with it, then you might feel intimidated by these casino websites. After all, are they safe? And how do you get started?
If you want to learn the answer to these questions and more, then you’re in the right place. In this guide, we’ll teach you everything you need to know about crypto gambling online. That way, you can bet with confidence. Let’s get started!
What Are the Benefits of Crypto Gambling Online?
You might be wondering why you should try gambling online with cryptocurrency. After all, what’s wrong with regular, cold hard cash? The answer is that two main benefits come with crypto gambling. The first has to do with privacy.
As you probably know, one of the big appeals of cryptocurrency is the anonymous nature of the transactions. Well, this anonymity also extends to the casino itself. Typically, with a regular casino, you would be required to provide proof of your address, copies of your ID, and other forms of personal information.
However, thanks to blockchain technology this isn’t true for crypto gambling online casinos. As such, you can game in total privacy. The second reason has to do with speed. In regular online casinos, there’s a pending period in between when you win and when you cash out.
This is a twenty-four-hour to the forty-eight-hour period that makes sure that all the requests are valid. When you gamble with crypto this transaction period doesn’t exist. They will be released immediately. You will still need to wait for the transfer to go over to your wallet. But, this takes a much shorter amount of time.
Getting Started: Making a Deposit At an Online Casino
The first thing that you’ll need to start gambling with cryptocurrency is, you guessed it, cryptocurrency. You can do this by making a crypto wallet and trading or purchasing it.
Once you have your wallet set up, then it’s time to find a casino that appeals to you. When you’ve found the right one, then you can make a player account with the website. When you do this you will need to provide the site with the address of your crypto wallet.
Make sure that you copy and paste the address exactly so that there are no errors. Next, transfer the exact amount of cryptocurrency that you want to play with over to the site.
Depending on the size of the gambling casino this can be instantaneous or it can take a little while. As soon as your funds are available in your casino wallet, then you can start playing your favorite games. Have fun!
Wrapping Up: Making a Withdrawal at an Online Casino
When you’re done playing and you want to collect any winnings, then it’s time to make a withdrawal. To do this, you can go to the withdrawal page of the casino. When you do this, the casino will ask for an address to send it to.
Make sure that the wallet, or whatever it is you sending it to, has the same type of currency that you’re sending to it. Otherwise, it won’t support it. Once you validate, then all you need to do is wait for your funds to arrive in your wallet. It’s that simple!
How to Find a Good Crypto Gambling Casino
One of the largest fears new players have is losing their cryptocurrency at some seedy online casino. So, how can you avoid this? Simple: by looking out for indications that the casino is operating fairly and legally.
Alternatively, you can look for credible guides that walk you through some of the most popular options. For example, this is a great list of the best Bitcoin casinos available to choose from.
Proper Licenses
When it comes to certifications and online casinos any type of license is better than none. There might be a variety of reasons why a casino doesn’t have a license. However, regardless of what it is, most of the time it’s a huge red flag.
As such, you should always be careful around casinos that are operating without one. That means there’s no regulation within whatever country the casino is established in.
Fair Wagering Policies
You also need to be careful of predatory wagering policies. Many casinos will lure you in with the promise of a welcome bonus. This type of bonus might match your deposit up to one BTC. However, pay attention to the wagering policy.
Many times, the casino won’t let you withdrawal this bonus cash unless you’ve wagered 10x or more. While this might work for some jackpot cases, the reality is that it’s next to impossible to win that money. As such, you should be aware of these predatory establishments.
Good Game Selection
While a good game selection doesn’t make a casino any safer, it does play an important role in how much fun it will be for you. Once you’ve verified the credentials of a place you should check what types of games they have to offer.
Make sure they have your favorite ones, as well as some other options for keeping you entertained.
Want More Content? Keep Exploring
We hope this guide helped you learn more about crypto gambling online. Ultimately, safely gambling online is all about finding the right type of credible casino. However, as long as you follow the advice on this list, then you’re sure to be okay.
So, get out there are start placing your bets with confidence. Did you enjoy this article? If the answer is yes, then you’re in the right place. Keep reading to find more topics that you’re sure to love.
Interesting related article: “What is a Wager?“