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7 Best Bitcoin Casino Sites from Stake.Today

Are you looking for a reliable crypto casino to entertain yourself and make a buck? You will definitely find a great platform for the gambling in the list of 7 authoritative online casinos with BTC prepared by Stake.Today crew.

TOP Crypto Casinos 2022

Stake

Pros:

  • Quick banking system
  • Provably fair games
  • Stable customers support service
  • New eye-catching design and convenient website structure
  • Compatible with mobile phones, tablets
  • Original casino rounds
  • Rakeback for VIP clients
  • Accepts BTC, ETH, LTC, BCH, XRP, TRX, EOS and Doge

Cons:

  • Poor collection of games
  • Casino is not available for players from the US, Australia, Curaçao and the Czech Republic

7Bit

Pros:

  • Attractive system of promotions and bonuses
  • Wide choice of provably fair games
  • Great collection of different casino rounds
  • Accepts such cryptocurrencies as BTC, ETH, DOGE and LTC
  • Accepts traditional money and provides traditional payment methods (credit cards, etc.)

Cons:

  • Wagering requirements for some promos are complicated to fulfill
  • Closed for players from the U.S., U.K., Israel, Italy, France

Bitstarz

Pros:

  • Provides a provably fair gambling
  • Instant depositing and withdrawing
  • User-friendly website
  • More than 3,000 casino games
  • Attractive welcome bonuses of up to 5 BTC
  • Fast banking operations
  • It is possible to make payments with Skrill, MasterCard, Neteller, Bitcoin, Litcoin, Bitcoin Cash, Ethereum, Dogecoin
  • Modern UX/UI

Cons:

  • Provided promos have wagering requirements, which are difficult to fulfill

CloudBet

Pros:

  • The highest casino limits on the market
  • The lowest minimum for betting
  • Sports betting (the EPL, the UEFA Champions League, NBA, NHL, boxing, darts, ATP tennis, etc.)
  • Convenient blog and great chat for beginners
  • Immediate payouts
  • User-friendly website interface
  • Accepts Bitcoin, Bitcoin Cash, LTC, DOGE, Dash
  • Wide selection of games

Cons:

  • Absence of the mobile app
  • No poker products
  • Slow site loading speed

Fortune Jack

Pros:

  • Immediate depositing and withdrawing processes
  • Guaranteed players’ anonymity
  • High level of security (SSL encryption protects your personal data)
  • Quality customer support 24/7
  • Accepts BTC, LTC, ETH, Monero, Bitcoin Cash, and others

Cons:

  • Some games from the offered list do not function

mBit

Pros:

  • Great collection of casino games (more than 1,000 options)
  • Availability of sport betting
  • Standing clients support service
  • Wide choice of bonuses and promos
  • Special VIP program

Cons:

  • Heavy restrictions for some bonuses

1XBit

Pros:

  • Quick payments (five-minute deposits and withdrawals)
  • Availability of a large sportsbook
  • Accepts a great number of diverse digital currencies
  • Cooperation with greatest casino game software providers

Cons:

  • Inconvenient interface
  • High minimum withdrawal limit

How We Rate Crypto Casinos – Stake.Today Methodology

Before making our top of the best crypto casinos on the modern gambling market, we have explored a great number of market offers. Stake team has checked the number and quality of games, security level, withdrawal restrictions, licensing, and other parameters to offer you 7 high-grade crypto casinos and answer all the burning questions about crypto gambling.

Bitcoin Casino Is Provably Fair or Not?

It is difficult to trust random unverified gaming platforms. For this reason, there are a lot of players who refuse to gamble online. Fortunately, the gambling world offers a great novelty namely Bitcoin casinos for everyone who is looking for reliability and safety.

Due to the unique provably fair system provided by Bitcoin casinos, gamers can check all changes in the outcome of bets. Also, these crypto casinos including BTC gaming platforms allow using digital money for depositing and withdrawing. So, gamblers can withdraw finances from their crypto funds.

It should be mentioned that not all BTC casinos offer provably fair games. Provably fair rounds imply the combination of the blockchain technology and smart contracts. Such unification assures the fairness of every game.

The reason why the majority of Bitcoin casinos feature provably fair is that they use the blockchain system to support cryptocurrency payments while this system is included in the provably fair rounds. So, it could be presumed that provably fair rounds at BTC casinos are more often impromptu.

Why Provably Fair Gambling Is The Future of BTC Casinos

All You Should Know About Provably Fair Gambling

Provably fair gambling is a gaming process which allows gamers to independently and immediately verify the authenticity of a spin or a shuffle. Such gambling is available due to the following tools:

  • Random Number Generator (provides the generation of millions of numbers in a second and defines the outcome of a certain game)
  • Seed Generator (elaborates seed numbers, which are added into the algorithms to determine the game result)
  • Hashing (transforms the long line of data into a short one to encrypt seed numbers)

These special technologies help you determine whether the casino controls the game outcome.

Functioning of Provably Fair Gambling

The provably fair gambling system works when the casino platform elaborates the seed numbers, which are included in the data list, which is hashed and sent to the gamer. Players add their seed numbers to received, the bet plays out and define the outcome. So, every gamester has a possibility to verify the fairness of games outcomes.

In case there are any differences between inputted numbers and used in the bet, the gamer would find out about a violation.

Provably Fair Gambling Is a Solution to Common Issues of the Gaming Industry

Withdrawal Restrictions

The first problem of the gaming industry is that casinos provide unprofitable withdrawal systems. Thus, they allow you to play and get the square win, but it will be complicated to receive your money due to the intricate withdrawal system for the residents of particular coutries.

Very often, casinos require gamesters to verify their identity not before deposit but withdrawal request. To protect yourself from the unfair gambling companies, pay attention to the terms and conditions on the official casino website and consider reviews from respectable resources.

Terrible Odds

You should understand that provably fair gambling system does not change the mathematic algorithm of the casino rounds. It does not enhance your odds of winning, but it makes you gaming safer because assures the reliability of the selected casino.

Due to the functioning of the provably fair gambling, it is possible to be sure that the game outcome is not planned and fixed, but is random instead. If you still want to improve your chances of winning, you should take into account the peculiarities of the house edge of each casino round.

Are There Fake Provably Fair Bitcoin Casino Sites

Unfortunately, the gambling industry is quite popular among fraudsters. There is a possibility to stumble upon a fake provably fair bitcoin casino site.

There are online casinos, which attract customers with the proposition of the provably fair bitcoin and traditional games, however, do not provide the provably fair system. Experts from Stake Casino have found websites with published game source codes, which are aimed at verification by the Bitcoin community. Such codes assure the honesty of a certain platform, but they could be fake as well.

If you are a player, who has an enhanced level of understanding of the cryptography and the blockchain technology, you can be calm because it is quite difficult to cheat you. However, if you belong to the majority of those players, who are not good at technology, you need to take into account the opinion of specialists before registering on online gambling platforms.

Crypto Casino Selection of Cryptocurrencies

To be recognized as an authoritative crypto casino, an online gaming platform needs to offer a list of at least three different cryptocurrencies available for betting. Therefore, the catalog, which we have prepared for you, includes gaming resources, which offer a great number of digital currencies for all players.

Of course, the most popular cryptocurrency in the industry is Bitcoin, however, we do not limit customers to only one option. Thus, besides the BTC currency, online casinos from our list accept at least Ethereum, Litecoin, and Bitcoin Cash. Moreover, we monitor the state on the crypto market and in the gambling world, follow analytical articles on this topic written by Forbes specialists. So, Stake Today is ready to add new casinos and popular currencies to the list.

Popular Crypto at Bitcoin Casinos

There is a common misconception that Bitcoin is the only cryptocurrency, which deserves your attention. It is greatly promoted for some reasons and its name is well-known, but its popularity does not make BTC the best virtual currency.

All authoritative crypto casinos give their clients a wide choice of cryptocurrencies, so, you can choose an option in accordance with your individual preferences. Here are the descriptions of the most popular virtual currencies accepted in online casinos.

Bitcoin (BTC)

Bitcoin is the most commonly offered digital currency on all crypto gambling platforms. Such a success of BTC is justified by the safety, which its use guarantees. Although this digital currency does not offer the fastest payment system, it assures safe transactions in the online sphere.

In addition, Bitcoin attracts both casino operators and players with its unique characteristics namely decentralization. It is possible to provide depositing and withdrawing operations with BTC all over the world without the government control.

BTC is a stable leader among all cryptocurrencies accepted by online gambling venues and this will definitely not change in the near future.

Ethereum (ETH)

Ethereum (ETH) is one more popular virtual currency in the online gambling industry. That is why most Bitcoin casinos try to include ETH to the list of accepted cryptocurrencies.

Despite the fact that Ethereum has the second place in popularity after Bitcoin, it allows making deposits much faster than players can make with the use of BTC. Moreover, the fees you receive are greatly smaller than the fees for Bitcoin betting.

However, Ethereum is inferior to Bitcoin in its security assurance. The strong points of ETH are speed and cheapness.

Bitcoin Cash

It is necessary to understand the difference between Bitcoin and Bitcoin Cash because contrary to the popular belief these cryptocurrencies are not the same. However, they have similar working principles because Bitcoin Cash is a BTC offshoot.

Initially, Bitcoin Cash was elaborated to overcome the shortcomings of Bitcoin. Nowadays, it is possible to use Bitcoin Cash to improve some processes such as a slow transaction time. Bitcoin Cash allures developers because it is user-friendly, safe, and fast.

Litecoin (LTC)

Litecoin (LTC) is known as a popular and reliable altcoin, which is available on the market for 10 years. Litecoin and Bitcoin are often put on the same level. However, it should be mentioned that LTC is cheaper and faster than BTC.

The use of this cryptocurrency for the depositing and withdrawing procedures assures you the anonymity of your personality and the high security level for your finances.

Stablecoin

Stablecoin is the latest innovation in the crypto world, which has combined all the strong points of elaborated digital coins. The choice of Stablecoin as a currency for betting gives you a possibility to safeguard your personal data and stay anonymous. Nowadays, Stablecoin is not commonly used in the gambling world due to the great competition. However, specialists predict the increase of the number of online gaming centers, which will accept Stablecoin for betting.

Bitcoin Online Casino Licensing – Does It Still Matter?

If you want to protect your personal information and your money while playing casino games, you need to use the gambling service of casinos, which have special licenses. The availability of an official license means that a crypto casino provides its gambling business in accordance with established international standards and its activity is regulated by the relevant authorities.

However, licensing is more important for casino operators. A valid license allows saving spare funds in a secure environment and assures independence from the authorized bodies.

In addition, valid licensing helps to advance the reputation of a crypto casino and gain the clients’ loyalty, which is necessary due to the high competition in the industry.

Therefore, casino licensing still plays a great role in the development of the gaming platforms. The most popular bitcoin gambling license is the Curacao eGaming license. Others include Gibraltar, Malta and the UKGC.

UK Gambling Commission

Due to the high popularity of the gambling industry in the region, in 2014 the UK government instituted a special authority the UK Gambling Commission (UKGC) to provide a quality regulation procedure.

Today all casino operators who want to carry their gambling services for players from the UK have to get a valid license from the UKGC. This specific requirement protect players from the unreliable platforms maintained by fraudsters because the casino verification and evaluation are very thorough.

Furthermore, the UKGC is one of the most authoritative commissions in the gaming industry, so, every online casino, which has deserved its license, gets on the list of the most respectable gambling companies in the world.

The UK Gambling Commission has always taken a stance that all entrepreneurs who provide gambling services with the use of virtual currencies in the UK have to be verified and licensed.

However, only in 2016 this authority began to consider Bitcoin as a cash equivalent or an alternative to traditional money and started offering a regular protection system for all clients in the gambling industry. It is necessary to mention that you can be protected by the UK Gambling Commission only if you are a client of a bitcoin casino which is approved by the UKGC.

Curacao eGaming License

Curacao, which is a Caribbean island, is famous for the most popular licensing jurisdictions for online crypto casinos from all around the world. The local legislation related to the sphere of online gambling is one of the oldest because it was established in 1993.

In 2002, the Curacao eGaming License Authority got the right to regulate the cryptocurrency gambling business and issue licenses to online crypto casinos. Due to the fact that Curacao eGaming is one of the most presentable and cost effective license, the Curacao eGaming License Authority has the highest demand for licenses today.

The reason why the Curacao eGaming license attracts a lot of casino owners is that the offered requirements are clear and manageable. The great advantage is that both large experienced companies and newbies have a chance to fulfill all requirements and receive a valid license for the business.

Also consider that the Curacao licensing is quite beneficial. Licensed operators receive some of the most competitive tax rates in the world such as 2% corporate income tax, 2% on net profits, and 0% on gross incoming wagers.

US State Licensing of Bitcoin Casinos

It is important to consider that in the US there is no federal law, which forbids the use of cryptocurrency in the online gambling sphere. However, as every state has its own online gambling legislation, cryptocurrency gaming laws have some differences and are often unclear.

Although the prohibition of providing crypto casinos is not directly spelled out in the law, there are states where all forms of online gaming are banned, which automatically forbids the bitcoin casinos. In such states, the online crypto gambling cannot be legal and safe.

So, if you do not want to participate in illegal activities, you need to choose crypto casinos in those regions where the crypto gaming business is lawful. The list of states where the web gambling with the use of BTC is available includes:

  • Delaware (since 2012)
  • Nevada (since 2012)
  • New Jersey (since 2013)
  • Pennsylvania (since 2017)

The regulative legislation for the online crypto gambling industry in the US is poorly elaborated today, but, fortunately, there is a large number of options for everyone who is searching for US-friendly casinos.

ACT Gambling and Racing Commission

Due to the great popularity of the gambling entertainment in Australia, this country has created the authorized regulatory body which is called the Australian Capital Territory (ACT) Gambling and Racing Commission. The creation of this authority was aimed at the establishment of control of all gambling activities and elaboration of a protection system for all users. However, it should be considered that the online gambling is still illegal in Australia.

Isle of Man’s Gambling Supervision Commission (GSC)

The Isle of Man is well known to the majority of gamblers from all over the world especially from the UK. The Isle of Man is also called the Bitcoin Island and is a self-governing dependency of the British Crown.

By 2016, the number of those interested in digital currencies has greatly increased, so, the government decided to approve the use of altcoins and bitcoins as a cash equivalent in the online gambling industry.

Final Thoughts

The licensing of the online crypto gambling business is a necessity today because it allows providing a legal activity and assure protection to both casino operators and players. There are different commissions with diverse peculiarities and requirements, however, if they are on our list, they all can be trusted.

More often, the choice of the licensing depends on the region of the online casino founders and the peculiarities of the local gambling legislation. As there is quite a big number of locations where the registration and licensing of the online gambling business is complicated, the best solution is to use the service of such authorities as the Curacao eGaming License Authority.

Besides the fact that the Curacao eGaming licensing is still one of the authoritative in the gambling world, it is also compatible with various large and small gambling businesses.

Best BTC Bonuses & Promotions for Free Crypto Gambling

Whether you are a customer of the traditional gambling venue or a crypto casino, you have a possibility to get some benefits from the system of promotions and bonuses. The availability of additional benefits is the mandatory feature of modern gaming outlets because it draws attention of a great number of players. It would be useful for you to familiarize yourself with the basic terms, main types of casino bonuses, and the most advantageous promos.

No-Deposit

No-deposit bonus is a benefit, which we can attribute to the group of classic casino deals. This bonus type is quite attractive because it does not depend on your investments. That is why it often consists of a sum, which is smaller than of the welcome deposit bonus.

It is quite simple to get a no-deposit benefit from the casino. You just need to sign up on the gaming website, open your personal account, and accept the offered no-deposit deal. Of course, the offer of no-deposit benefit is accessible only for new clients of the casino. However, for some reasons no-deposit bonus is a rarity in a great number of crypto gaming outlets. They prefer to implement a system of complimentary bonuses, which require investments from customers.

Deposit Offers at Bitcoin Casinos Online

Crypto casino deposit bonus is one more option from the standard list of casino bonuses. As well as the previously mentioned no-deposit bonus, the deposit bonus is complimentary deal, which is available only once on each gambling site after your registration.

Although the deposit bonus amount is limited, it is the most popular casino benefit among players. All you need to do to get it is register on the official gambling website, open the personal account, make a first investment (the deposit sum is more often determined by the casino operator), and use your bonus on your favorite games.

The deposit bonus is a certain percentage of the invested sum, which is defined by the gambling platform. The most beneficial option is the welcome bonus that is 100% of the deposit. It is quite attractive that some bitcoin casinos provide more than one deposit deal. So, you have a chance to get more advantages from the deposit offer.

Free Spins

This casino benefit type differs from the deposit and no-deposit bonuses, which are determined in the cash equivalent. The bonus of free spins does not include additional money for paying, it is actually free playing.

Free spins are more often offered as a welcome bonus to all new customers of the online casino. This bonus contains a definite number free chances of spinning the slot. Therefore, when you receive free spins, you can try your luck playing the best casino slot games without spending your money.

Free Faucets at Crypto Gaming Sites

Free faucets are a novelty of the casino bonuses systems, which you cannot see at the traditional gaming venues. However, free faucets have already become very popular and beneficial deals on various crypto gaming sites.

Free crypto faucets are faucets that drop digital currencies. More often this bonus type is used at the bitcoin online casinos due to the fact that free faucets are referred to the development of this virtual currency.

Initially, there were bitcoin faucet platforms, which were created with the purpose of spreading the information about the features of the digital currency. They introduced users to the basics of the use of cryptocurrency, digital wallet, and blockchain transactions.

Zero-Wager Bonuses

A zero-wager bonus is the benefit, which you can receive without the fulfillment of wagering requirements. The number of times you use the bonus amount in the game does not depend on processes of the bonus claiming and withdrawing. It should be mentioned that zero-wager bonuses that are also known as no-wagering benefits are very popular on the majority of crypto gambling sites.

Reload & Cashback BTC Offers

Reload and cashback casino bonuses are frequently used by online crypto gambling centers. This bonus type is available for those gamers who make a deposit investment not just once. More often, players who are bitcoin owners want to make several investments, so, the reload and cashback offers are frequently called special BTC bonuses. It is possible to receive reload and cashback benefit fulfilling similar requirements, which are established in the bonus terms and conditions.

Loyalty & VIP Club Rewards at Bitcoin Gambling Sites

Do not forget that every gambling venue is a specific community. Modern casinos offer much more than just a collection of interesting games and an opportunity to gain some money. Nowadays, an online gambling platform is a special organization, which has its own rules, course, and segregation. In addition to entertainment, gaming sites provide a system of beneficial bonuses, loyalty policy, and VIP clubs.

There are diverse loyalty programs at various online gaming resources, but they all attract a lot of clients, which is justified by the great number of benefits that you can get with the loyalty program. Those gamers who prefer to bet large sums of money or cryptocurrency, can apply for a place in the VIP club due to the VIP program for high-rollers of a certain casino.

So, you get a chance to play only with those gamesters who stake large sums as well. In addition, the VIP club membership gives you a possibility to get more benefits from various promos, exclusive VIP bonuses, birthday presents, etc. That is why, it is important to explore the loyalty program of the gaming platform before signing up. You need to find the most appropriate loyalty system, which will meet all your requirements and preferences.

Crypto Casinos Support

When you choose a crypto casino, you should understand that the selected option is a progressive gambling venue. So, you can be sure that the technical support of this online casino ensures the highest level of security for your finances and the high-grade quality of all entertainment options. For instance, all crypto casinos from our list cooperate only with the best casino games providers such as famous Microgaming, Betsoft and Relax Gaming.

Bitcoin Casino Games Review from Stake Today

Crypto Casino Gamers

Membership in the online crypto gambling community gives a possibility to be sure that you play with reliable and payable players. Although crypto casinos allow gamers to stay anonymous while they entertain themselves, it does not mean that there are a lot of fraudsters on such platforms. Crypto casino operators control the activity of every gamer to assure the highest level of security for their clients. In addition, due to the crypto casino standards, gamers can play crypto games only if they are owners of any digital currency.

Blockchain-built

The blockchain technology, which is frequently used in the online gambling industry today, is not a passing trend; it is a future of the online casino business. Due to the fact that the blockchain system is an integral part of the any cryptocurrency structure, all online casinos, which plan to accept digital money for betting, have to maintain the blockchain-built. This new peculiarity of casinos improves the security level of the gambling venues and simplifies the control process.

Provably Fair

The provably fair gambling system is a godsend for every gamer who want to play and be sure that the gaming process is fair. With provably fair casino games gamers can stay calm because it is guaranteed that the round outcome is not fixed and planned by the casino operator.

Unfortunately, the provably fair gaming technology cannot advance your chances to win. However, the technology helps you not to waste your time at those unfair casinos, which offer you games with fixed results.

Traditional

It should be mentioned that crypto casinos are not something absolutely new and unclear. In fact, gambling platforms, which accept cryptocurrency as a betting currency, are not so different from traditional gaming outlets.

The main difference is the implementation of the virtual currency into the gambling business. This innovation mostly influences the financial part of the business. However, the rest stays the same. Crypto casinos are platforms with traditional games, rules, standards, bonuses, etc. Moreover, the use of digital money allows even to improve the level of the casino, so, there is no reason to be afraid of the crypto gambling.

Crypto Casino Games – Popular Types at Stake.Today

The list of the best crypto gambling platforms, which Stake Casino has prepared for you, includes casinos with great collections of quality and interesting games. Whether you are a newbie in the gaming world or an experienced gamer with a great number of winnings behind, you will be able to find appropriate entertainments in accordance with your individual preferences and requirements. Crypto casinos offer a wide range of slots, card games, tables, sports betting, special crypto games, etc.

Slots

Slots are probably the most popular casino games since their first appearance. Machines like Money Train, Book of Dead draw attention of a large number of gamers all over the world, because these casino games have very simple rules and thousand-dollar jackpots on offer.

Moreover, when you select Deadwood or San Quentin video slot (by Nolimit City), you do not need to make big bets. For $30-$40 stake, you can get a chance to win 1K dollars or even to hit the top jackpot of 13K or even 150K. Additionally, there is a unique possibility to spin slots without investments by using the welcome bonus. You can receive such in the form of free spins.

Bitcoin Progressive Slot Machines

What is a very alluring feature of every crypto gaming outlet is that it has much more casino games than the traditional one does. The best online casinos offer a number of progressive slot machines for their clients, such as Mega Moolah from Microgaming. You can discover more information, if you read bitcoin jackpot slots reviews on trustworthy resources before playing for crypto.

Table Games

Table games have already become a classic in the gambling industry, so, it is not surprising that they are stable options in the menu. The list of table games includes a lot of different games, such as:

Of course, this list could be expanded due to the great number of varieties of table games. It is convenient that the rules of table games do not change even when you play them online. In addition, the use of cryptocurrency for betting does not influence this type of entertainment.

Crypto Card Titles

Crypto card titles give a great chance to simplify the life of gamers who use virtual currency for gambling. Everyone can enjoy the entertainments.

Live Dealer Games

Although the existing forms if online gambling are very convenient, there are still a lot of gamers who prefer the traditional casino format due to the availability of the real communication. That is why the elaboration of live dealer casino games has become an amazing invention.

Live casino games allow gamblers to erase the line between the reality and the online world. Nowadays, it is possible to stay at home and play your favorite games with real players from different countries (Germany, Denmark, Canada, NZ, etc.) and get a thrill of the game.

If you do not want to play with the automated system, the service of live dealers is perfect for you. At Stake, casino live dealers are nice men and women, who have professional croupier skills. So, gamers receive a sense of presence when enjoying Craps, Deal or No Deal, Dream Catcher, or Super Sic Bo provided by Evolution Gaming among other suppliers.

Sportsbook

Popular casino games are not the only proposition of the modern crypto gambling facilities. It is also possible to use virtual currencies for the betting on diverse sports. Nowadays, you can rate on the win of your favorite football team or boxer with any digital currency and receive a chance to replenish your crypto funds in the electronic wallet.

In addition, the sportsbook, which accepts cryptocurrency guarantees the higher level of security and provides more convenient and faster transactions for betting on live events.

Top sports at Stake are:

  • Ice Hockey
  • Tennis
  • Soccer
  • Baseball
  • Basketball
Mobile Compatibility

To provide the highest level of the comfort for clients, the majority of online gambling platforms create mobile applications. Such apps allow players and bettors to use the gambling service anytime and anywhere with the help of any portable device like a tablet, phone, or laptop. It is very convenient that mobile versions of the casino have the same structure and offer the same list of offers as the desktop version.

Bitcoin Gambling at Crypto Casinos: Pros & Cons

5 Pros of Crypto (BTC) Casino Sites

Let’s find out why there are so many people interested in switching from the traditional casino to modern crypto gambling. The uniqueness of digital currency in the gaming sphere is that it attracts even those players who do not have any coins. There is a large number of gamblers from all over the world who acquired some virtual currencies with the only purpose to join the crypto gambling. Such popularity of the innovative casinos is justified by the following beneficial features of crypto gambling.

Decentralization

One of the reasons why so many players prefer to use the cryptocurrency for staking at casinos is that a lot of cryptocurrencies like Bitcoin are decentralized. This unique characteristic means that such digital currencies are independent from all governments and banks, which usually control all your finances.

Your crypto accounts cannot be blocked or frozen by any authorized body in any region. So, when you choose crypto (BTC) casino sites, you can save your funds in the digital wallet avoiding any external regulation.

Far Lower Transaction Fees

Gambling is inseparably linked with different financial transactions, which include depositing and withdrawing procedures. Online gaming industry as any other suffers from the high fees, which it is impossible to avoid using any payment system.

Therefore, the appearance of crypto funds has become a godsend for all casino operators because the implementation of crypto technologies into the gaming business allows reducing the commissions. Due to the specifics of the blockchain technology, which is an integral part of cryptocurrencies, it is possible to pay far lower transaction fees. That means that players have a chance to keep more of their winnings than at the traditional casino with classic payment methods.

Result Verification

Virtual currency is famous for its transparency. This feature is essential for all gamblers who do not want to deal with fraudsters and lose their money. When you use any digital currency for betting, you can check all your financial operations at the public ledger. So, you have proofs of all provided payments and receive a chance to verify financial operations provided by the casino.

Worldwide Acceptance

Digital currency is a universal international currency, which is used by citizens of different countries on the same terms. So, if you live in a region where the gambling activity is forbidden, it is better to choose crypto casinos. All payments related to such platforms will not be controlled by the national authorities. It is also possible to become a client of any foreign online casino, so, you open new gambling horizons. Using the digital currency you can play anywhere.

Bitcoin Player Anonymity

The use of cryptocurrencies for betting at online casinos brings a specific feature, which draws attention of a great number of gamers. Cryptocurrency allows players to stay anonymous while playing.

If your choice is playing at a crypto casino, you can be sure that the personal data will be well-protected. When you perform a transaction, the transition is visible, but it is only an amount that could be seen. Players who perform transactions in any cryptocurrency know that the transaction information will never be recorded on the credit card or a bank account.

It is also convenient that some crypto gambling platforms operate based on the system of fully anonymous personal accounts. So, you do not need to reveal your real name, address, and other personal data, if you do not want to.

3 Cons of Crypto Casinos

When it comes to any selection, it is essential to take into account both strong and weak points of the object of the upcoming choice. Therefore, before you decide to join the online gambling community and bet with cryptocurrency, you need to consider the advantages of the crypto gaming platform as well as its disadvantages.

Although crypto gaming sites have a lot of beneficial features, they cannot offer a perfect model of gambling. It is obvious that online gambling sites, which accept cryptocurrency, have some cons.

No Recourse

The first problem is that blockchain does not have an owner. So, in case there is an issue with the transaction, it would be quite difficult to find a solution. Of course, you can receive a certain level of customer support from your crypto wallet provider or the gambling site itself, but they are not able to control the blockchain technology.

In addition, although the use of cryptocurrency is famous due to the high level of safety, no one can be 100% secure. If your money from the digital wallet is stolen, you have a little chance to find and retrieving it.

There is only one useful recommendation: you need to verify the reliability of the digital wallet and the gaming site.

No Chargebacks Or Reversals

One more reason to find a respectable gambling website is that the use of cryptocurrency does not imply chargebacks and reversals. After the transaction confirmation, your funds leave your crypto wallet immediately. You cannot get your money back in case there is a problem with a certain casino as opposed to playing with the credit card.

High Volatility

High volatility is one more unique feature of the cryptocurrency, which can lead to a large number of fluctuations. This feature is an advantage and a disadvantage at the same time. For example, due to high volatility, the value of BTC increases on a regular basis. However, this specific can have an opposite effect on other virtual currencies.

Volatility has an impact on players of the crypto casino while they exchange their crypto coins back to a fiat currency. If a platform provides conversion of coins to the fiat currency, you may lose a part of your winnings.

BTC Gambling Guide from Stake.Today Casino

Stake online casino has tried to give you a complete information about the peculiarities of the crypto gambling sites. So, now you are prepared enough to join the crypto gaming industry.

Best Crypto Wallets & Why Do Casino Players Need It?

The need to have crypto wallets exists because these digital storages allow for not just saving your finances but also providing total control over your payment operations. When you own any virtual currency, you are completely independent in all transactions.

Take into account the fact that most cryptocurrencies tends to increase in their value, so, it is reasonable to have a special storage to save your money and to regulate all operations provided with coins.

It is possible to find a wide range of electronic wallets for cryptocurrency storage, so, you need to employ a careful approach to the choice of this tool. You should consider if the wallet service offers two-factor authentication, which protects your account from hacker attacks.

Another useful tip is to keep your keys in a safe place, because in case you lose them you will have a possibility to recover your account and any funds stored there. Remember that the only information related to your digital wallet you can share is its electronic address. It is necessary to allow casinos depositing finds into your wallet when you want to withdraw your winnings.

Familiarize yourself with the peculiarities of the most popular crypto wallets.

Electrum

Electrum is known as a user-friendly crypto wallet, which has a lot of fans all over the world and is one of the oldest electronic money storages. If you choose the Electrum wallet, you receive two-factor authentication and a simple validation system. Such a system is used to assure your absolute control over your fees.

Unfortunately, Electrum is not so universal as other electronic wallets, because it does not accept all digital currencies. However, it still attracts a large number of users due to the high level of security and user-friendliness.

Coinbase

Coinbase is one of the most popular digital wallet systems. It is a reliable, safe, and convenient option, the choice of which allows you to buy and store your coins in one place.

Due to the simplicity and clarity of the Coinbase system, this digital storage is a great option for those who want to save virtual money for the first time.

Coinbase is alluring for users because it cares about their comfort. Thus, Coinbase provides a great mobile app, which has the same features that the browser version. So, it is possible to check your crypto funds and carry out transactions anytime and anywhere even without the Internet connection. Due to the fact that the Coinbase verification procedure can take time, it is better to register an account only if you plan to trade crypto in the near future.

Edge

Edge is an excellent option for those casino players who prefer to enjoy their favorite games on their mobile devices. However, this electronic storage system is compatible only with the iOS operating system.

Edge draws attention of a lot of users because it is decentralized, safe, user-friendly, and private. In addition, this crypto wallet is versatile because it accepts a great number of diverse digital currencies and you can store several currencies on the account at the same time.

How To Set Up An Account at BTC Gaming Site

If you want to set up a personal account at a BTC gaming site, you need to go through a very simple registration procedure, which will not take up a lot of your time and effort. So, there are only several easy steps:

  • Select a casino and go to the official website
  • Click “Sign Up”, “Join”, or “Play Now”
  • Input the required information (name, contacts, address, etc.)
  • Create a strong password and login
  • Share your location and jurisdiction details (city/town, ZIP/Postal code, state/province, etc.)
  • Enter some private details (optional)
  • Accept terms and conditions
  • Complete the registration process

Everyone who plans to sign up on the crypto gambling platform should familiarize themselves with the specifics of the industry. For example, you can play with the use of cryptocurrency, if you are an owner of any virtual currency. In addition, read reviews of different casinos to find the one, which meets all your requirements.

How To Make a Deposit to Play for Crypto

There are two ways to make a deposit with cryptocurrency at the online casino: to use the digital wallet or to transfer money directly from the exchange.

If you prefer the first option, you need to carry out the following actions:

  • Register your personal crypto wallet
  • Add funds to the wallet
  • Transfer the desired sum of money to the casino account

In case you do not want to own the digital wallet, you can bet with virtual currency by executing these steps:

  • Go to the exchange
  • Choose the virtual currency you need
  • Buy it in a couple of clicks
  • Immediately transfer the purchased currency to the casino account

Of course, you can use both options while you play. However, the use of digital wallet is more reliable and safe. When you buy virtual currency on exchanges, you create a risk of being cheated by fraudsters. Moreover, the availability of a crypto wallet gives a possibility to control all your transactions and manage your crypto funds.

How To Withdraw BTC, ETH from An Online Casino

In fact, the withdrawing process of digital currency from the casino account is similar to the depositing procedure. The most popular method of crypto withdrawal is the use of the electronic wallet.

To receive your winning from the crypto casino with the help of a digital wallet, it is necessary to carry out the following actions:

  • Create a personal crypto wallet, if you do not own it yet
  • Share the address of the virtual wallet with the casino operator
  • Check the transaction information on the account of your digital wallet
  • Receive withdrawal from the casino

It is also possible to get your winnings through exchanges, if you register an electronic wallet on a certain exchange.