iPlayCrypto - Crypto gambling made easy
Thanks to cryptocurrency, online gaming has changed forever. There are always new crypto gambling sites entering the market. We have put together a list of the best crypto gambling sites at iplaycrypto for you to choose from!
Many casino operators are now moving toward cryptocurrencies. In the past, payments could only be made with fiat currencies. This new development could be attributed to the fact that digital assets currently enable faster payments with more affordable transaction fees. In addition, they feature immutable blockchain technology. This makes crypto gambling safer and more private for players.
As with all technological advancements, a lot of people are yet to fully understand what gambling with crypto truly is. There are also questions about its security level, the best crypto gambling sites, and a host of others. If you want the lowdown on this subject and answers to all the questions you have about crypto casinos, then this guide is for you!
What Is Crypto Gambling?
Crypto gambling is a term that describes the coming together of the iGaming and cryptocurrency industries. In this arrangement, iGaming combines with cryptocurrency, and the result is a safer, more secure, and private platform for all gambling enthusiasts.
The influence of blockchain technology has paved the way for digital assets like Bitcoin, Ethereum, Litecoin, Dogecoin, and others to become a part of the online gambling world. With their inclusion, players can now play lotteries, casino games, sports betting, and many more with greater assurance of safety and convenience.
Most online crypto gambling sites allow players to fund their accounts by choosing from a wide range of digital assets. Some top crypto gambling sites even go beyond this to incorporate Web3 into their operations. Web3 users can link their wallets to their gambling accounts to facilitate cryptocurrency transactions.
Further, some forward-thinking crypto gambling sites create their own native tokens, which can enhance the gambling experience of players. For example, these tokens can be used to unlock special games on the crypto gambling platform, or they can also be used to reward loyal players. All these innovations prove that online gambling platforms are finally on track to achieve their full potential.
It's important to note that casinos and sports betting platforms are not the only places where a crypto gamble can take place. Every day, people invent new ways to put cryptos to work. Take, for instance, Telegram. There are special Telegram bots that are designed to help users gamble with crypto assets.
Crypto Gambling vs. Regular Online Gambling
More than ever before, gambling enthusiasts now have a variety of options to play their favorite games. There are regular online gambling hubs and, most recently, crypto gambling sites. These platforms are built to give players an unforgettable experience. But are they similar? Let's delve deeper to know more.
Online gambling is an activity that takes place outside of land-based casinos or any of their dedicated facilities. It's a virtual platform where users can enjoy games like slot machines, blackjack and roulette tables, poker tournaments, and others. In online gambling, all you need is a laptop or a mobile device. You can access these platforms, make payments using your home currency, and play the games you enjoy only with a strong internet connection.
Crypto gambling involves the use of cryptocurrency to play your favorite games in a specialized online casino. This style of gambling only takes place on platforms that make use of digital assets for payments. They offer all the games that are found in regular online casinos, but the main difference is the use of cryptocurrencies like Bitcoin, Bitcoin Cash, and Ethereum for deposits and withdrawals.
Crypto Gambling: Pros and Cons
While it's true that crypto gambling has a lot of advantages, there are also disadvantages to it. Let's discover some of the pros and cons of using cryptocurrency for gambling.
Privacy - Choosing to play at a crypto casino guarantees your anonymity by keeping your personal information out of the reach of unauthorized individuals
Security - Digital assets are built using blockchain technology, an impenetrable system. A decentralized system keeps track of all financial events. This makes it harder for hackers to get access to your funds
Accessibility - There's no restriction on who can use crypto gambling platforms. Wherever you reside in the world, access is granted to you 24/7 to make use of the site
Swift Payments - When it comes to speedy completion of transactions, crypto gambling sites are better alternatives. Your deposits and withdrawals will only take a moment, compared to conventional banking methods
Provably Fair - The best cryptocurrency gambling sites use blockchain technology to offer fair game outcomes. Games on these platforms can be trusted, and fairness is assured.
High Volatility - The price of cryptocurrencies is not stable. They are highly volatile. One second, they can fly high, and the next second, they can crash. This could devastate the gambling funds of players
Limited Adoption - While the popularity of cryptocurrency has increased over the years, it's still nowhere near that of fiat currencies. As a result, many online casinos are still dragging their feet to support digital assets.
Minimal Government Approval - In many jurisdictions, cryptocurrencies remain illegal, which makes it a crime for residents to make use of them or to gamble in crypto casinos.
Are Crypto Gambling Bonuses Any Good?
Just like any other online gambling operator, crypto gambling sites also make use of bonuses and promotions. They serve as a reward for players and as an advertising tool for the operator. How profitable are they, and are they better offers than regular online casinos? We'll find out shortly!
Higher Match Bonuses
The best crypto gambling sites are known to offer bigger match bonuses than fiat casinos. In a bid to encourage players to use digital assets, the bonus offers often carry higher percentage returns on deposits.
Every win earned with the crypto casino bonus can be withdrawn instantly after all requirements have been met. Traditional casinos will often take a longer time to effect this process, but when it comes to crypto gambling sites, it's an instantaneous payout.
By simply switching your payment system to cryptocurrency on some crypto gambling platforms, you'll qualify for special tournaments reserved for crypto users. In these tournaments, you could win luxury gifts, bonuses, and special prizes.
How to Gamble with Cryptocurrency
For the less tech-savvy, gambling crypto assets may appear difficult. But if you can follow the following steps, you too can become a pro crypto gambler.
Step 1: Obtain a Cryptocurrency
Sign up with a cryptocurrency exchange platform and verify your account. Use any suitable traditional payment method to buy the digital asset of your choice. Create a crypto wallet to hold your crypto coins.
Step 2: Select a Crypto Gambling Site
There are several excellent crypto casinos on the internet. Research them by reading their reviews and checking out what players have to say about them.
Alternatively, you could save time by making use of our recommendations. You'll find a list of the best crypto gambling sites as you keep reading.
Step 3: Register an Account
After deciding on a crypto casino, register with them by providing the right information about yourself. Verify your account, make a deposit, and start playing.
Step 4: Enjoy Your Favorite Games
Now, you are all set! All you have to do is play your favorite games. Dive into the diverse world of cryptocurrency gambling by exploring the various games offered on the platform.
The Most Common Crypto Gambling Coins
There are about 8,848 active cryptocurrencies in existence, but not all of them find expression on crypto gambling sites. Some of these casinos have native tokens of their own, which they combine with other popular digital assets. Let's find out the most popular cryptocurrencies in the gambling industry!
Bitcoin is without a doubt the most famous and valuable cryptocurrency in online casinos. This is because it has the highest number of users, which makes it imperative for casino operators to include it as one of their chief payment systems.
Following closely behind Bitcoin is Ethereum. It not only serves as a coin, but it's also a programmable blockchain. Users of crypto gambling platforms will easily find Ethereum as one of the available payment options.
This is a digital asset that also goes by the name of stablecoin. Tether is pegged to the US dollar, from which it derives its value. If you're looking for a trusted and stable cryptocurrency to facilitate your payments at a crypto gambling platform, then go for Tether.
Tron is among the most popular cryptocurrencies based on market value rankings. It can be traded with the likes of BTC and ETH. Even though it is relatively new, it has gained a lot of attention and is now included on cryptocurrency gambling sites.
The Future of Crypto Gambling
There has never been a better time in history to be a gambler than now. The rise of cryptocurrency has opened a new world filled with possibilities for betting enthusiasts, and this is only the tip of the iceberg.
With more technological breakthroughs, we expect countries currently against cryptocurrency to relax their laws and the crypto gambling industry to experience wider growth. This section is dedicated to discovering the trends that are likely to influence the prospect of crypto gambling in the years to come.
Wider Acceptance of Cryptocurrencies
The current level of crypto adoption in the world is a huge growth from what it used to be a decade ago. So, it goes without saying that in the future, cryptos will not just be accepted globally but will become one of the primary methods of payment.
Already positioned for the takeover, crypto gambling sites will accept a wider range of digital assets than they currently do. Some selling points that will make this option a no-brainer for players include faster transaction times, top-notch security, and low transaction fees.
Virtual Reality (VR) Casinos
The introduction of virtual reality in the crypto iGaming sector appears to have a bright future. Players can look forward to a more realistic gaming experience without leaving their homes. With a VR headset, players will enjoy high-definition casino tables and also be able to interact with other players as they play highly immersive games.
Stricter Security Measures
Crypto gambling platforms are going to become more secure than they presently are. As cybercrime continues to rise, these platforms will employ newer technologies to tackle the threats. There will be more strict anti-fraud measures, and the security of player data will be at an all-time high.
The Best Crypto Gambling Sites
Luckily for cryptocurrency users, there are quite a few online gambling sites where they can put their assets to use. Here are three of the best crypto gambling sites and what makes them tick.
BetSwirl is a crypto-focused platform that's revolutionizing gambling as we know it with the aid of blockchain technology. Featuring the unparalleled randomness of Chainlink, the site offers a staking program, dice and roulette games, and sports betting. BetSwirl also has a native token called BETS, which is traded on popular crypto exchanges.
Bazed is a player-oriented Web3 casino that runs on the Ethereum blockchain. It offers the most exciting games, like slots, sports betting, live games, and other special games. Cryptocurrencies like Bitcoin, Ethereum, Tether, and Litecoin are accepted on the platform, and players stand to enjoy a 60% revenue sharing that will be distributed using the BAZED token.
Rollbit is an innovative crypto project that's popular for casino games, NFT loans, sports betting, and crypto trading. The company gained more popularity in 2023 after moving from Solana to the Ethereum blockchain. In its commitment to give back to users, 70% of Rollbit's revenue has been earmarked for distribution to its loyal customers. The site supports BTC, LTC, SOL, and ETH and has launched its currency, the RLB token.
The Risks of Crypto Gambling
There are many advantages to the use of cryptocurrency for gambling. But at the same time, there are risks as well, and they are worth mentioning. Some of the problems with gambling with crypto include:
No Payment Reversal
In the event you mistakenly send money from your crypto wallet to the wrong address, there's no way to return it. Unlike traditional payment methods, where this can easily be emended, there's no recovery of funds with cryptocurrency.
Although it has existed for over a decade, some individuals are still suspicious of anything involving cryptocurrency. They've never attempted to own one; they talk more about carrying out transactions with it for different reasons. The result of this is a delay in the massive adoption of cryptocurrency.
As a lot of people have chosen to invest in cryptocurrency via crypto exchanges, the industry has become the target of hackers. Hackers have targeted various exchanges, leaving empty wallets in their wake. With hackers becoming more unpredictable by the day, there's no telling their next victim.
Benefits of Crypto Gambling Over Traditional Gambling
The reality is that most players are more conversant with fiat currency than cryptocurrency. And the reason is because the latter is a recent addition to the iGaming industry. If there is one way to make players switch sides, it's to show the superiority of crypto gambling over regular gambling. Here are the advantages that crypto gambling will afford you:
Lucrative Bonuses and Promotions
While traditional gambling sites are popular for their massive bonuses, they are nothing compared to what crypto gambling sites have in store for players. The best crypto casinos can give out as much as 5 BTC in bonuses, which is light years ahead of the 200% match bonus of conventional casinos.
Crypto Value Isn't Static
A good percentage of millionaires that were made in recent years owe their wealth to cryptocurrency. These assets, especially the popular ones, are in high demand, and this increases their value. The advantage you have as a crypto gambler is that the funds you initially deposited could triple in value over a short time, which you can convert to fiat or continue using to enjoy games on the crypto gambling platform.
More Game Variety
High-quality games are not in short supply on crypto gambling sites. They are arguably as good as the ones found in traditional casinos. Here, you'll enjoy table games of all kinds, slot machines, live dealer games, and in-house games. However, when it comes to payouts, there is no comparison between the two platforms. Crypto gambling sites can pay as much as 99%, making them a better choice for players.
Is Crypto Gambling Legal?
Unlike traditional online casinos, crypto casinos sites have a higher global restriction. The reason is because some countries have banned cryptocurrency. Therefore, anything associated with it is not welcome, including crypto gambling platforms. Having said that, the legality of crypto sites will depend on your geographical location. As we know it, the right to operate crypto services changes from country to country and sometimes state to state.
One way to be sure of this is to check the crypto gambling license of the operator to know where they are authorized to provide their services. If there's no clear information about the license, it's best to steer clear of the platform to avoid getting scammed, or worse, getting on the wrong side of the law.
Why You Should Select Crypto Gambling Sites
The explosive growth of cryptocurrency attracted a lot of attention from various industries, and online gambling was one of them. Cryptos became one of the most popular assets in the world because of their many benefits. In this section, we'll be highlighting some of them for you to know the value of choosing a crypto gambling operator.
At the top of the list of benefits are safe transactions. Going for crypto gambling platforms is to make a pact with protected transactions throughout your gambling adventure. With the blockchain, these sites will ensure the safety of your account and transactions by insisting on a series of protocols that only you can authorize.
With the best crypto gambling sites, you never have to worry about the exposure of your gambling activities. You can gamble with a nickname and only reveal what you are comfortable with. Since the site is decentralized, no one can obtain information about you without your permission.
If you've only heard of lightning-fast transactions but are yet to experience them, crypto gambling sites provide the perfect opportunity. These sites process all payments in a matter of seconds. So, instead of waiting for hours or days to receive your payout, you'll get a credit alert in a jiffy!
Low Transaction Fees
Crypto gambling platforms do not follow the practice of high transaction fees like traditional online casinos. Instead of the usual 3-5%, crypto casinos will carry out your transactions at a lower cost. What's more, some crypto gambling sites do not charge anything for withdrawals and deposits. They are all free!
Crypto Gamble: Conclusion
It's impossible to return to the old ways of online gambling, not after experiencing the effects of blockchain technology in the iGaming ecosystem. This is an evolution that has introduced greater levels of security, anonymity, convenience, and high-quality entertainment. The transformation going on in the industry is a continuous one; therefore, we can look forward to more innovative features that were previously thought impossible.
Equipped with the knowledge of how crypto gambling works, benefits, how to select a platform, and, of course, important things to be on the lookout for, newbies can take on the crypto gambling industry and rule over it!