Frederick Jace
When the crypto revolution started in earnest about five years ago, there was no telling where it would take us. As that picture gets clearer, it should not surprise anyone to see that the online gambling industry has made inroads towards accepting cryptocurrencies as a viable casino banking option.
Should things continue progressing as they are, there might come a day when cryptos are the preferred and only means of exchange between gamblers and online casinos.
At this point in time, there are two types of crypto-casinos. First, there are fiat currency casinos that now accept cryptocurrencies as a banking option. Sometimes, one of these casinos might actually provide access to a crypto game or two.
Second, there are now a growing number of online casinos that only accept cryptocurrencies. In many of these instances, the entire online casino is geared towards operating through the crypto prism. That includes online casino games that accept crypto bets and payout in crypto.
The Challenges Crypto-Casinos Face
As is the case with any new technology, the conversion of the online casino industry to crypto comes with growing pains. At this time, the biggest obstacle for both gamblers and casinos is trying to manage crypto valuations. With crypto prices changing by the second, someone has to be constantly watching one of the top crypto exchanges.
For gamblers, they face the challenge of learning about blockchain technology and how cryptocurrencies work in the marketplace as an investment and a means of exchange. On the plus side, gamblers can reap benefits such as:
- Anonymous online gambling
- Casino banking transactions with low to no fees
- Faster transactions
- Larger banking limits and bonus offers
It’s important to note that Bitcoin is by far the crypto of choice for online gamblers. With that said, other coins like Ethereum, Dogecoin, Litecoin, and Bitcoin Cash are gaining momentum.
Top Crypto Gambling Sites in 2022
According to gambling industry experts, about 15% of the online casinos currently in operation are accepting cryptocurrencies as a banking option. In the U.S., that number is currently 0%. From over in Europe, here is a list of the crypto-casinos that seem to have things going in the right direct:
mBit Casino: 2000+ casino games, welcome deposit 150% match plus free spin site
TrustDice Casino: casino and sportsbook combined, welcome bonus of 100 satoshis site
True Flip Casino: hundreds of games, live casino, 10% cashback welcome bonus site
Bspin Casino: 1000+ games, live casino, welcome bonus of up To 3 BTC + 60 Free Spins site
1XBit Casino: casino games, eSports, Sportsbook, live casino, welcome bonus of up to 7 BTC Site
Stake Casino: hundreds of casino games, Sportsbook, comprehensive bonus menu of over a dozen options site
BC.Game Casino video slots, live casino games, tremendous list of bonus promotion site
Remember, if all things are equal, the best crypto-casinos will be the ones that offer the best bonuses. Each gambler is responsible for doing their own research to find the best options
