Crypto Gambling Explained

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Cryptocurrencies are strengthening their positions day by day. In 2021, you can even gamble with Bitcoin at chosen online casinos. Here you have everything about crypto gambling explained – from best casinos to most popular currencies.

You can easily use your cryptos at the Vegas Crest Casino

Online crypto gambling explained

Crypto gambling started conquering online casinos and betting sites last year. According to the online casino industry news, there are hundreds of gambling sites working with Bitcoin and co.

But what is crypto gambling? Basically, it is the same as gambling with one key difference: players receive their payouts and make deposits in one of the cryptocurrencies. In other words, you can play casino games or bet on any event using not your national or any other real currency but digital cash.

Gambling with crypto has both advantages and disadvantages. Its pluses include reduced fees, transparent transactions, security, and anonymity. Also, getting money in Bitcoin or other currencies is more profitable as their value is growing day by day.

Cons of crypto gambling include a bit slow speed of transaction; however, low fees may compensate for it. Also, digital currencies are a bit volatile as they are relatively new on the market.

Which cryptocurrencies are used in online casinos?

As of 2021, many currencies are accepted by online casinos. If you would like to know how to gamble with each of them, learn how to claim online gambling bonuses, and let’s go!

Bitcoin. Bitcoin is undoubtedly the most popular and recognizable digital currency so far. It is also the most widely used cryptocurrency at online casinos and sportsbooks with almost every crypto-friendly site accepting it. It is always a win-win decision to gamble with Bitcoin.

Dash. Unlike Bitcoin, Dash is not too popular at online casinos. However, you need to know about it if you want to have all about crypto gambling explained. Dash is used at very few gambling sites, but if you face it once, you should know that it behaves like Bitcoin’s “younger brother”.

Litecoin. “A Bitcoin spin-off” is also rarely used in online gambling but it is slowly gaining popularity on the market. Therefore, buying and playing with Litecoin makes sense if you think about the future.

Monero. Players can find some casinos accepting Monero in 2021. It is not the most popular but still used crypto with a series of advantages: speed, anonymity, transparency, and low cost.

Ethereum. Ethereum is one of the most popular cryptocurrencies so far. Although it is not as mainstream as Bitcoin, it is a more stable payment method. Also, many e-wallets and online casinos work with ETH these days.

crypto gambling explained — Bitcoins are more popular year by year

Casinos and sportsbooks accepting crypto in 2021

If you want to play casino games with crypto as well as get your winnings in digital currencies, you should know which sites work with them. Follow the latest news on online gambling to have more nuances of crypto gambling explained.

Hundreds of online casinos and sportsbooks accept crypto these days but not all worth your attention. Here are the top-10 sites that not only allow crypto gambling but are good on their own (T&C, variety of games, bonuses, etc).