Benefits of Online Crypto Gambling


Benefits of Online Crypto Gambling


A businessman holding a gold bitcoin between two fingers.

Benefits of Online Crypto Gambling


A businessman holding a gold bitcoin between two fingers.

The best of digital entertainment is on display in the modern online casino. Mobile-optimized gaming platforms bring the world’s best slots, casino table games and online poker rooms to life on your screen anywhere, any time, while mobile payments ensure a seamless gaming experience free of interruptions. Now, the brave new world of recreational gaming has gone one step further with the introduction of online crypto gambling. But what are the advantages of Bitcoin and Ethereum gaming and how do you get started? Let’s take a look! 

Crypto explained

Cryptocurrency, commonly referred to as crypto, is any digital or virtual currency that secures transactions by means of cryptography. Unlike conventional fiat currency, which is issued and regulated by a central authority, crypto records transactions and issues new units on a decentralized system. Crypto isn’t a tangible asset. Owners possess keys that allow them to move records or units of measure without involving a third party. Crypto is stored in digital wallets and uses secure encryption to record transactions in a public ledger. The most famous and popular cryptocurrency is Bitcoin, founded in 2009 and still going strong, with Ethereum in second place.

How to gamble with crypto

A woman holding a gold bitcoin with a poker player in the background.

Bitcoin betting pretty much works exactly the same as regular online betting. The only difference is that you’re gambling with cryptocurrency instead of fiat currency such as US dollars. The first step is to set up a crypto wallet at a crypto exchange and exchange some fiat currency for Bitcoin or Ethereum. Next, register with an online casino that accepts crypto, deposit funds into your casino account and find your favorite slots, table games and online poker rooms. Some crypto casinos will let you bet directly in crypto while others will convert it into fiat equivalents. Should you be fortunate enough to rack up some wins, you can withdraw your winnings into your crypto wallet. Convert them back into fiat currency or keep them in your wallet, as you wish.

How to find crypto casinos online

A crypto casino is simply an online casino that allows players to deposit funds and make withdrawals in cryptocurrencies such as Bitcoin and Ethereum. A quick search on a reputable search engine will rapidly reveal dozens of crypto casinos online. The question is how to choose between them. When making your decision, it’s a good idea to apply the same criteria as you’d use for any online casino. First, you’ll want to make sure that the casino is legal, licensed and regulated. Second, you should check that the site has an SSL certificate to keep your information secure at all times. Third, the quality of the games available is also a gauge of how legitimate the casino is. Top developers such as Microgaming, Pragmatic Play and Evolution Gaming tend to be associated only with the best online gambling sites. Of course, even if your casino of choice doesn’t accept crypto payments, you can still make crypto deposits. Simply fund your PayPal account with crypto and make a casino deposit via PayPal.

Five benefits of crypto gambling

Cryptocurrency concept on a smartphone against a black background.

Now that we’ve established how bitcoin betting works, let’s zoom in on the actual benefits of crypto gambling.


Much as recreational gamblers have nothing to hide, it’s nobody’s business whether you gamble, either. There are various reasons that players may want to keep their gambling activities private, and crypto, by its very nature, can help with this.


Many players are concerned about the online security of their money. While legitimate online casinos protect their players’ information with technology such as SSL digital encryption, crypto adds an extra layer of security. In the unlikely event that an online casino gets hacked, your private key or wallet password will prevent anyone from accessing your crypto stash.

Instant payments

The benefits of Bitcoin, Ethereum and other cryptocurrencies are that they are peer-to-peer digital payment systems that anyone can use to send and receive payments anywhere without involving third parties such as banks or credit card companies. As a result, crypto payments are super fast, with most transactions confirmed within minutes. Considering that bank transfers can take up to a week or more to clear, speed is a major factor. That is why poker players love crypto!

Cost effective

Not only is crypto much faster than regular online banking options, but it’s also cheaper.  Service fees from bank transfers and credit card payments can take a chunk of change out of a player’s winnings, whereas crypto fees are much lower.

Optimized for online

Crypto was designed to be used online, so it’s a natural move for online gamers to make. Credit cards and bank transfers predate the internet and it shows! Thanks to decentralization, crypto gets around the need for credit card companies, banks and payment processors for streamlined transactions on the go.

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