Top 10 common crypto gambling questions and answers

Learn all about crypto gambling and what you need to know.
Get answers to the most common FAQs about gambling with cryptocurrency.

The online casino industry is quickly changing, and cryptocurrency is becoming a big part of igaming and its potential.

For those who are new to crypto, there might be questions regarding the use of cryptocurrency in casinos and the difference between crypto gambling and gambling with fiat currency.

Keep reading, and we’ll answer the most common questions to help you navigate the industry and provide information on this trendy new way of playing your favourite games online.

#1 Can I gamble with cryptocurrency?

Yes, there are different forms of cryptocurrency that you can use, like Bitcoin, Ripple, Dogecoin, or Litecoin. These cryptocurrency options are available at crypto casinos or hybrid casinos, enabling you to gamble using your crypto wallet.

#2 Where is crypto gambling legal?

Crypto gambling is in many ways still a grey area in most regions. Where it may be frowned upon in some regions, others have accepted that cryptocurrency is the way forward. There are no laws to regulate it, but there are talks of laws being implemented to regulate cryptocurrency gambling in the near future.

#3 What is the best crypto for gambling?

There are different cryptocurrencies you can use to fund your online gambling transactions. The best cryptocurrency depends on what cryptocurrency works for you. You can learn more about the different cryptocurrencies available by reading our cryptocurrency guide. Bitcoin casinos are among the most popular, with Litecoin and Dogecoin not far behind.

#4 Where can I gamble with crypto?

Plenty of online casinos let you gamble using cryptocurrency as your payment method. You can opt for a crypto casino or any hybrid casino that allows payment via fiat or cryptocurrency. We recommend opting for a top recommended cryptocurrency online casino to ensure a safe and secure gaming experience.

#5 What are Bitcoin casinos?

As the name implies, Bitcoin casinos are online casinos that enable you to fund your gameplay using Bitcoin as your payment method of choice. With Bitcoin casinos, you can benefit from exclusive BTC bonuses and provably fair games. Along with a range of other benefits such as anonymity, fair gaming, and top-level security.

#6 How do I deposit at a crypto casino?

Depositing at a crypto casino is as quick and easy as using any traditional payment method. All you have to do is log in to your casino account, head over to the cashier section, and choose the available cryptocurrency or crypto wallet option. You will then receive a wallet code which you can copy, and from there, you can head to your cryptocurrency wallet to complete the transfer.

#7 Can I use regular currency and crypto at the same casino?

Different types of casinos allow cryptocurrency gambling. You will find crypto casinos that let you gamble using cryptocurrency only, and you will find hybrid casinos that let you bet using either fiat currency or cryptocurrency. If you’re looking for a casino that enables you to switch between currencies, it is best to opt for a hybrid online casino.

#8 Do all online casinos accept cryptocurrency?

Despite the massive growth in popularity of using cryptocurrency, it is not yet available to use as a payment method in all online casinos. However, you will find that it is available in a wide range of online casinos, with new crypto casinos popping up regularly.

#9 Can I win real money when gambling with crypto?

Yes, when you gamble with cryptocurrency at a hybrid casino or a crypto casino, you stand a chance of winning real money. The key is to look for a reputable and licensed online casino. Remember that crypto wins can be converted to traditional currency.

#10 Are cryptocurrencies safe to use when gambling online?

Cryptocurrency and crypto casinos have quickly become popular in the igaming industry because of the additional safety features they bring to the table. Playing with cryptocurrency is not only highly secure but adds the benefit of anonymous gameplay. On top of that, the games come with a guarantee of provably fair outcomes. All outcomes and payouts are controlled independently and transparently, ensuring no manipulation can occur.

If you’d like to explore cryptocurrency casinos, take a look at our list of trusted options. Read our casino reviews and choose a site to get started.

Daniel van der Merwe 03 May 2022 View more