Cryptocurrencies as a means of exchange are a dream come true for online gamblers. Long have online gamblers been looking for a way to deposit money and play casino games without having to disclose their personal details. Given the high level of anonymity provided by blockchain while transacting business with a cryptocurrency, privacy and anonymity are exactly what online gamblers can get.
As far as other benefits online gamblers can derive while using crypto to fund their gambling accounts, they are charged low to no transactions fees, they get bigger bonuses and banking limits, and transactions can be processed much faster. The latter benefit comes because online casinos have to endure very little risk because of the absolute “cash and carry” feature provided by crypto wallets.
If there is any downside to using crypto as a means of exchange for online casino gambling, it has to be tied to the volatility of trading cryptos through a crypto exchange. After making or accepting a deposit, one party or the other is subject to a value decrease or increase before the first wager is even made. That can be troubling if the value swing is huge within a few hours. It happens.
What Kind of Online Casinos Accept Cryptocurrencies?
It seems that every day the only gambling community is getting more comfortable with the idea of allowing online gamblers to fund their accounts with crypto. That has resulted in the evolution of there now being two kinds of crypto casinos.
The first kind in the traditional online casino that simply allows customers to make deposits and withdraws while using their favorite cryptocurrency be it Bitcoin, Ethereum, or Litecoin. In this case, customers are only afforded the anonymity feature and other benefits if they agree to only use cryptocurrency as a banking option.
The other kind of crypto casino is the new brand of an online casino that only accepts popular cryptocurrencies for deposits and withdrawals. These casinos are characterized
by the way they only offer casino games that allow casino players to gamble in crypto. In other words, everything about the casino is crypto-centric, which eliminates a lot of extra work for the online casino’s employees.
Online Casinos That Accept Crypto
At present, experts claim that about 15% of the European and Canadian online casino communities are accepting crypto as a banking option. Most of those also accept fiat currencies while all wagering is done in fiat currency. Still, the number of crypto-only casinos seems to be growing each day. The following is a list of online casinos that are known to deal in crypto as a stand-alone option or in conjunction with also accepting fiat options.
King Billy Casino
It’s worth noting that this list of top online crypto casinos offers a good mix of crypto-only casinos and casinos that will also accept credit/debit cards and eWallet accounts. If a casino player wants to know what kind of banking options a casino will accept, that info is usually available right on the website homepage.