Complete Guide to Crypto Gambling and Crypto Casinos

At TheCryptoBonus, we provide highly credible services for anyone who wants to find the best online gambling sites and crypto casinos.

Whether you’re looking to place some simple bets on sports, have a flutter on the latest slot games, or go in for the kill with various poker tournaments, we can help you find the most trustworthy casinos from the infinite number of gambling sites online.
Our goal is to become the biggest source of information about online crypto casinos in the world.

WHAT IS OUR METHODOLOGY?

Only the wearer of the shoe knows where it pinches. With this in mind, we set out on a research mission to assess each online crypto gambling casino.

•  We create an account at the casino we are analyzing to try out the different features it offers. Of course, the most critical answers we search for are for these questions: Is the casino legit? Is it safe for players? Is it user-friendly?
• After getting the answers, we investigate how attractive the casino is, what bonuses and promotions it offers, how many games you can play there, and what type of promotions it has.
• We also go through different independent user reviews to get feedback from individuals who have played at the casino. This is crucial, in our opinion, because it allows us to see the pros and cons of the specific casino from a different perspective.

HOW DO CRYPTO CASINOs WORK?

Crypto casinos are becoming increasingly popular, and this doesn’t seem to slow down any time soon.

The first thing you need to know about cryptocurrency casinos is that they use blockchain technology in the cashier. This means that all transactions are processed over a decentralized network of computers.

Traditional casinos mainly use VISA, Mastercard, or eWallets. On the other hand, crypto casinos focus on Bitcoin, Ethereum, and other well-known cryptocurrencies for all transactions.

To start playing at an online crypto casino, you must first open an account. The account is then automatically linked to a wallet that allows you to deposit funds using cryptocurrencies. Once you deposit, you can use the relevant cryptocurrency to play the games available at the casino.

ADVANTAGES AND DISADVANTAGES OF CRYPTO AND BITCOIN GAMBLING

So does the advent of cryptocurrencies such as bitcoin threaten fiat online gambling? Here we explain and compare the advantages and disadvantages of crypto gambling.

Advantages

Accessibility and convenience

The first advantage of playing at crypto casinos is accessibility and convenience. For example, a traditional casino will require extensive and tedious registration that often discourages players from going forward.

However, crypto casinos generally offer a registration process that rarely takes more than a minute, as you only need to fill out some basic information.

Fast and Easy Transactions

Casinos that accept cryptocurrencies are easier to use as you basically make a crypto transaction from one wallet to another in order to deposit funds in your account.

Using a card to deposit is often followed by a 3D security step, and sometimes, you may even have to call your bank to approve the transaction. The fundamental concept of cryptocurrencies is freedom of use – you and only you decide where or how to spend your money.

No fees

Most casinos charge high fees for payment processing, but this is not the case with crypto casinos. No additional fees are associated with deposits or withdrawals made using cryptocurrencies like Bitcoin.

No third parties are involved; you only pay the network miners fee to confirm your transaction. In other words, you aren’t charged extra money for using digital currencies instead of fiat ones. Furthermore, when you win, you don’t have to pay fees on your winnings when withdrawing

Anonymity and Security

Cryptocurrencies are anonymous by nature, meaning you don’t have to worry about anyone tracking your online activity when you play at an online casino that accepts cryptos like Bitcoin or Ethereum.

In addition, these platforms use encryption technologies that secure them against hackers trying to steal your data.

No geographical restrictions

Pretty much anyone anywhere can use cryptocurrencies. This defines their decentralized nature and makes them extremely attractive to players who don’t want to deal with banks or 3rd party eWallets when gambling online.

Of course, websites may restrict certain countries due to license limitations but we’ve covered all that in every casino review on the site so there is nothing to worry about!

Disadvantages

Unregulated

The main disadvantage of cryptocurrencies, in general, is that as of today, no regulatory body watches over them. This means that you don’t get protection from local authorities if you have a problem with a crypto transaction.

The most common mistake is players typing in the wrong BTC address or missing a Destination tag in cases that it’s required. Feel free to check our “How to” articles for each casino to avoid unpleasant situations.

Dependence on technology

Bitcoin gambling depends on technology. As every deposit or withdrawal is processed on the blockchain, sometimes delays may occur if the network is congested. It’s a rare scenario, but we want to cover it, so there are no surprises.

Restrictions

A significant disadvantage of crypto gambling is that it is not legal in all countries. There are countries where crypto gambling is banned, while others have restrictions on it.

WHAT YOU NEED TO KNOW BEFORE CHOOSING YOUR CRYPTO CASINO 

Before choosing your crypto casino, you need to familiarize yourself with some essential subjects.

LICENSE

The first step is to ensure that the company has a license from a reputable jurisdiction. Some countries have very strict regulations on gambling, and others do not. What regulatory body issues the license? Is it a government agency or an independent organization?

How long has it been around, and what is its reputation? Our advice is to scroll down to the end of each casino homepage and read the small letters. A license issued by the Curaçao Gaming Control Board is widespread among crypto casinos and is proof of a legitimate and transparent operation.

SECURITY

Are they using SSL encryption? Do they use 2-factor authentication (2FA)? Do they offer email verification?

A rule of thumb is that the more security requirements casinos offer, the better and more comfortable you should feel about playing there. We’ve done deep research to verify the level of security of every casino. You can find all these answers and more in our reviews.

CURRENCIES

Bitcoin gambling, Ethereum gambling, and Litecoin gambling are among the most popular choices. Most crypto casinos also accept fiat money if you prefer this way of funding your account.
You can top up with USD, EUR, AUD, and many others.

BONUSES AND PROMOTIONS

Online casinos offer bonuses when players make their first deposit. Regular players may enjoy cashback, free spins, and other promotions while playing.

Welcome bonuses are perfect if you want to try all the games before making bets with real money. It’s also worth mentioning that some casinos offer no deposit bonuses that don’t require any wager before cashing out!

BANKING

The casino must have a wide range of deposit and withdrawal methods. The more variety of cryptocurrencies accepted, the better. Some casinos offer hybrid deposit methods where you should be able to use your credit card, debit card, eWallets, or even a bank wire transfer for depositing money into your account.

Making a deposit or a withdrawal shouldn’t take more than 20 minutes when using Bitcoin. However, these times may vary depending on various factors such as account verification, network status, or cryptocurrency used.

FEES

Most reputable crypto casinos don’t charge additional fees on transactions. Therefore, you only need to pay the miners fee, which is always done automatically upon initializing a transaction and is usually insignificant.

CUSTOMER SUPPORT

The best way to understand how good a casino’s customer support is is to see it in action. Most bitcoin casinos usually offer 24/7 customer support over email or online via a ticketing system. Live chat will also often be available.

Another option is to use your favorite social platforms, where their customer support representatives will answer your questions. Finally, some casinos also provide support over the phone, if you like the old-fashioned way.

Here at thecryptobonus.com, we always check the customer service responsiveness and options for all sites we review.

Mobile Casino

Not every casino provides a mobile app. However, the whole world is slowly but surely shifting to mobile usage over desktop. This encourages online crypto casinos to strive to be more mobile-friendly and constantly improve the user experience.

Even though some people prefer to play from their browser, there are many benefits associated with having a mobile app for the online casino platforms, such as:

Increased user engagement – Players will be able to spend more time playing games at the website if they can access them easily through their smartphones.
Accessible everywhere – All you need is an internet connection.
That’s why our reviews always mention if such an option is available or not.

Crypto Trading Platforms

Crypto trading platforms are the backbone of the cryptocurrency market. They allow you to buy and sell cryptocurrencies and trade them with other users. There are numerous trading platforms available, but they all offer similar features. We recommend using huge platforms that already have built a strong reputation.

For a beginner trader, these are some of the best cryptocurrency trading platforms:

1. Coinbase – Overall, the best crypto exchange.

2. Binance – Best crypto exchange for low fees.

3. Kraken – Most trusted crypto trading platform for US traders.

GAMES

Online casinos are a great way to enjoy the excitement of gambling without having to leave your home. A great online casino must have a wide variety of games. The most common games include Blackjack, Roulette, Poker, Craps, Slots, and recently, Live Casino gameshows.

Some casinos may also offer other games such as bingo or keno. However, slots are by far the most popular game type offered by online casinos because they are easy to play and fun.

Video poker is another popular option for playing at an online casino. Several different poker varieties are available, including Jacks or Better, Bonus Poker, and Double Bonus Poker (which allows you to hold twice as many cards as other versions).

BEST GAME PROVIDERS

When choosing a crypto casino, you should consider the software providers included in the casino’s game library. The best game software providers for gambling sites include:

• Nolimit City
• Push Gaming
• Play&Go
• Hacksaw
• NETENT
• Evolution Gaming
• Microgaming
• Pragmatic Play
• Yggdrasil

Nolimit City

Nolimit City is a gaming software provider run by a team of iGaming professionals with 10+ years of experience. The company was founded back in 2014 in Malta and has offices in Sweden and India.

No limit truly is an international company with substantial experience in the industry, best known for its system platform, which provides an exceptional degree of flexibility. Their games are available on all devices such as desktops, phones, and tablets. 

In addition, the ambitious development enterprise also helps its clients in creating promotions and marketing campaigns adapted specifically to their customer’s needs and requirements.

Another important fact worth mentioning is that Nolimit City is licensed both by the Malta Gaming Authority and by the UK Gambling Commission, which are some of the most respectable and trustworthy license issuers.  

Here are some of their most famous games: Tombstone, Fire in the Hole, Mental, Deadwood, Dragon Tribe, Warrior Graveyard, Goblins, Monkey Gold, Book of Shadows, Bonus Bunnies. 

Push Gaming

Push Gaming is a successful enterprise in the business of gaming software development. It was founded in 2010 in London, but is now an international company.

The initial intent of the team was to bring land-based games into the online market.

However, later on, the company decided to take a different approach, and since 2013, Push Gaming has been producing its own HTML5 slot games.

Except for their mobile-optimized HTML5 slots that support all the latest devices, they are also well-known for the insanely high volatility titles giving players up to 60 000 times their initial bet and making them a favorite provider. All that is backed up by thrilling visuals, exceptional animations, and great sound effects.

Some of their leading titles are Fat Rabbit, Fire Hopper, Blaze of Ra, Razor Shark, Mystery Museum, Tiki Tumble, Jammin Jars, Wild Wheel, Wild Swarm and Fat Santa

Play&Go

Play&Go was founded in 2005 in Sweden by motivated technical enthusiasts who came together with the mission to produce fun and entertaining games of high quality for the iGaming industry.
The software provider is known for introducing the first mobile-friendly casino game to the world in 2007.

Even though the company started as a small team in a tiny office in Sweden, today, it is one of the largest and most respected providers of gaming solutions, with currently over 600 employees across the world.

Play&Go created perhaps the most well-known online slot – Book of Dead. They also released titles like Reactoonz, Moon Princess and Gemix

Play&Go develops in HTML5 language, which provides great flexibility and allows for additional features like resolution settings based on the quality of your connection. Moreover, the company’s products are translated in 30+ languages, and besides gaming software, Play&Go also provides back-end services and solutions, including their casino platform and server-based gaming solution OMNY.

Hacksaw

Hacksaw is an extremely ambitious company that was launched just recently in 2018 in Malta. 

Even though still a young enterprise, it has already gained a lot of recognition in the gaming industry and has managed to produce a grand amount of prize-winning games.

Initially, the software provider started off solely with scratch cards which allowed them to create a niche, unique product and made them stand out. Quickly after, Hacksaw expanded their library with slots, fixed-prize games, and lottery games.

The company has gathered an exceptional amount of fans thanks to their slots’ huge payouts, the mobile-friendly software, their innovative “available offline” games, and the awesome graphics. 

Moreover, Hacksaw is licensed by several licensing authorities (among which the Malta Gaming Authority, Great Britain’s Gambling Commission, the Hellenic Gaming Commission – Greece, and the Gambling Supervisory Commission – Isle of Man), making it a highly trustworthy institution with a great reputation. 

NetEnt

Known as a pioneer, the software company is a leading provider of gaming solutions to the world’s most successful online casino operators. Netent is a multi-award-winning developer based in Sweden and Malta with over 600 employees whose primary focus is developing and producing excellent quality, beautifully crafted and designed games.

What’s more, the brand is the first to start working with HTML5 technology that allows their thrilling games to work on any platform.
Some of their most popular games are Starburst, Narcos, Hotline, Blood Suckers, Gonzo’s Quest and others.

Evolution Gaming

Evolution Gaming Group was founded in 2006 in Sweden. The group currently employs about 14,000+ people in studios across Europe and North America, but the parent company remains in Sweden.

The company is known as the world leader in video-streamed Live Dealer gaming, working with more top-tier operators and brands than any other provider.

Evolution is the biggest supplier in the igaming world. Apart from leading the live casino sector, they acquired several slot studios in the last 3 years – Red Tiger, NetEnt, BigTime Gaming and just recently – NoLimit City.

Microgaming

Microgaming was founded in 1994 and is based in Douglas, Isle of Man. They claim to have developed the world’s first true online casino software in 1994 and the first mobile casino software in 2004.

In 2015 their progressive slot game Mega Moolah set the new record of Guinness for the largest online casino payout. The company has the largest jackpot network globally, with over 1.45 billion payouts.

When it comes to Microgaming, we can be sure that they set the standard in today’s world of e-gaming.
Here are some of their best slot games: Immortal Romance, Game of Thrones, Legend of Olympus, Mega Moolah, Legacy of Oz, and others.

Pragmatic Play

Pragmatic Play is another multi-award-winning Software enterprise and a leading provider to the IGaming and Betting industry with innovative and mobile-focused products. The company aims to set itself apart as the most productive slots provider with at least four new games each month.

Its mission is to provide the most engaging and entertaining experience among various products, including slots and live casinos, sports betting, virtual sports, and bingo. Their games are accessible via all devices and available in 31 languages, operating with all currencies.

Their hottest slots games at the moment are Sweet Bonanza, Gates of Olympus, The Wild Machine, Big Bass Bonanza, Sugar Rush, Bomb Bonanza and The Dog House Megaways.

YGGDRASIL

Yggdrasil is a leader in the development of high-quality slots, lottery, keno, and scratch games that was founded in 2013 and has gained plenty of recognition and awards as the following: 

2015 Software Rising Star; 2017 IG Awards; 2017 and 2016 Slot provider of the year, 

2016 Gaming Software Supplier of the year, 2018, 2019, and 2020 Innovator of the year, 

2022 Platform Supplier of the year and many others.

The provider is based in Malta and is something new to the market due to its combination of many games and 3D action gameplay.

WHAT IS A CRYPTO WALLET?

Crypto wallets are a kind of virtual bank account for your cryptocurrency. They hold the keys that allow you to trade and use your coins.

Hot wallets are connected to the Internet and can be used at any time and from any device, although they need to be loaded with the currency first. They are easy to set up and can be used daily for spending, trading, or mining purposes without worrying about data backups or hacking attempts.

Cold wallets store your crypto offline away from prying eyes – although there is no limit on spending from these wallets as long as you have access to them. If a hacker targets your money, they will find it in a hot wallet but not in a cold one, as they will not be able to access the keys unless they destroy what’s stored on them.

HOT WALLETS

The easiest way is to store it right on the exchange where you bought it. Exchanges such as Coinbase or Gemini allow you to buy, sell and manage your crypto right on their platform.

With these exchanges, they hold on to your private key. You don’t have access to it. That means you need to trust the company to keep it safe. Just like you would need to trust any online company with your data. So you may not want to store large amounts on that exchange.

There’s also the option of going with a financial app like PayPal or Robin Hood, which has added options to buy and sell cryptocurrency. However, these apps may leave you stuck doing transactions in their environment. So if you use PayPal and you have to cash out with PayPal, you also don’t have access to the private keys. It is best recommended to avoid any crypto wallet that will not give you your private keys at all costs.

You can store your coins on your computer in a digital wallet for more control. You use software to manage it. However, there is some risk of getting hacked and losing your money if the computer is connected to the Internet.

COLD WALLETS

If you have a large amount of currency, it’s best to keep them in what’s known as a cold wallet. This means your private keys are stored on a device similar to a separate hard drive or thumb drive that is not connected to the Internet. These gadgets help not to expose sensitive information even when it’s plugged into your computer.

You plug it into a computer via USB and then enter a PIN to gain access. When you first set up the device. It gives you a bunch of random words known as a recovery seat which is very important and should be written down and kept in a safe place. So if the wallet is lost or broken, you can use the seat to recover your coins. The drive typically only allows 10 Password guesses before it locks up.