Australian crypto casinos
Cryptocurrencies have become a hit in the wallets of online casino players. For this reason, more and more online gambling operators have decided to introduce these modern and anonymous online payments. If you are wondering whether it is worth depositing and withdrawing funds in the form of Bitcoin, Ethereum or Tether at a casino, our answer is short – it is certainly worth it. Playing with cryptocurrencies offers many benefits, such as anonymity of payments, high security and the possibility of gaining bonuses, not only at the beginning.
In this practical guide for online casino players, we will present everything you need to know about playing with cryptocurrencies. Here you will learn about security issues in casinos, and you will also find out what gambling games are worth playing with Bitcoin and other cryptocurrencies. We will also present what bonuses you can count on in the casinos recommended here, as well as what the rules for cryptocurrency deposits and withdrawals are in practice. Finally, we also provide answers to the most frequently asked questions about cryptocurrency gambling. Playing with Bitcoin, Ethereum or Ripple and dozens of other cryptocurrencies is less complicated than you think. Find out for yourself by reading this guide prepared by casino experts.
What are the differences between online casinos and crypto casinos?
A crypto casino is a gambling site that accepts cryptocurrencies as its primary payment method. The selection of gambling games and bonuses is adapted to the specificity of cryptocurrencies. Players limit formalities to a minimum, and the security of each transaction is ensured by taking advantage of the possibilities. In such a casino, of course, there are many attractive bonuses for all players. You can get reload bonuses here, up to 100 free spins, as well as cashback bonuses, welcome and no deposit bonuses, and free spins for regular deposits.
In today’s gambling industry, crypto casinos can take two main forms:
- Online casinos that accept both fiat currencies and cryptocurrencies. Available payment methods allow you to choose the currency during the transaction and even quickly convert it on the website.
- Cryptocurrency casinos where you can only make payments via Bitcoin and other cryptocurrencies. There are fewer such online casinos on the market.
Many licensors impose additional requirements on crypto casinos that they must meet before obtaining a license. This is because cryptocurrencies are riskier than FIAT currencies and are not backed by any government. Additionally, when creating accounts at Bitcoin casinos, players do not have to provide their detailed information, which can make it difficult to identify their identity.
Finally, regulators want to make sure that online casinos using cryptocurrencies have adequate reserves and can prove the source of the funds obtained.
Is crypto casino safe?
The most important determinant of the level of security an online casino can offer, whether it accepts FIAT or cryptocurrencies, is its gambling license. If the Bitcoin casino you have chosen is licensed by the Malta Gaming Authority or the UK Gambling Commission, it means that it has met basic security requirements and provides a high level of protection for its players.
However, there may be other gambling licenses appearing in the industry that also confirm the honesty of online casinos. These include a license issued by the Government of Curacao, the Alderney Gambling Control Commission, the Gibraltar Gambling Commission or local licenses. They enjoy a relatively high level of credibility. Bitcoin casinos that do not have any gambling license cannot be considered safe. It is better to avoid such companies.
While a gambling license is of great importance, every online casino should provide additional layers of protection, including fair gaming results and encryption of transmitted data. Most crypto casinos, and certainly the reputable ones worth recommending, offer top-notch security with a firewall that protects against hackers and additional SSL encryption for all financial transactions and transmitted personal data.
However, it is worth remembering that cryptocurrency transactions have their payment security technology. It’s one of the safest ways to secure crypto transactions and has many additional data protection features that alternative payment methods don’t offer.
The way deposit and withdrawal transactions are processed gives greater protection to your financial information. To deposit or withdraw funds, you do not have to provide your payment card number or electronic banking password. Just enter your cryptocurrency wallet address and confirm the transaction.
Why choose crypto casinos?
Crypto casinos are worth your attention. Choose them if you care about the high security of your transactions, speed of gaming and payment processing, and anonymity. Check why it is worth choosing crypto casinos.
Security and anonymity
The biggest concern for players choosing real money games is protecting their funds when making payments. Every top Bitcoin casino has state-of-the-art security measures. However, much depends on the decisions and actions of the players themselves. The crypto casino allows you to make transactions with an increased level of protection against cybercriminal attacks. The use of technology is generally considered to be one of the safest methods of conducting financial transactions online. This is because once a transaction is accepted, it cannot be reversed.
In an online crypto casino, you do not have to worry about the security of your data, enjoying full anonymity. However, this only applies to strictly crypto casinos, which do not require you to provide personal data when registering an account.
For this reason, you will no longer be able to change or modify any of the transactions being processed. Cryptocurrency gambling also allows users to remain fully anonymous, which helps to increase the security of their business.
Faster and more convenient payments
Customers visiting the online casino can log in from different countries around the world. Offering cryptocurrency payments means that the operator provides players from different countries with the possibility of fast, safe and anonymous transactions, without the need to set up new e-wallet accounts or log into a bank account. Cryptocurrency wallets are assigned to one digital currency, so players do not have to worry that a given gambling site will not accept their currency or will have to incur currency conversion costs.
Transacting in cryptocurrency means players don’t have to wait for it to be processed or settled. They also avoid international transfer fees. When making a deposit, you do not need to provide any of your detailed information, such as your credit card number, login or password for electronic banking, or even your name and surname. This significantly speeds up the entire process and ensures safety.
Possibility to play from anywhere in the world
Thanks to new technology, you can use a crypto casino wherever you want. Instead of going to a land-based casino or sitting in front of your computer, you can open casino websites on your phone or use the mobile app at any time.
When playing at online casinos, you are not limited by time or place. The only thing you should remember is to ensure a stable and fast internet connection to avoid delays, interruptions in gameplay or payment problems. You can make payments using your cryptocurrency wallet from your phone with just one tap on the screen. Regardless of whether you choose Litecoin, Ethereum, Bitcoin Cash or other digital currencies – the transaction will be credited to your account within a few minutes.
Better offers and bonuses
At Bitcoin casinos, you will find many attractive bonus offers. The best crypto casinos have a wide range of promotions for new players and regulars. On the one hand, they want to attract new players, and on the other hand, they want to make sure that already registered users will be properly motivated to log in to the online casino regularly.
Welcome bonuses are standard. When making your first deposit, you can receive an increase in your deposit up to a certain level, for example, 100% up to 30 mBTC and up to 100 free spins.
However, if you are lucky, you may find that a casino will offer you a no deposit bonus. This is a great option to test new games, increase your game balance and reduce the risk of losing your own money. All you need to do is create a new account on the cryptocurrency casino website and the free spins or money will be automatically added to your account. It is true that in the case of a no deposit bonus, you cannot count on receiving as many as 100 free spins – their number will range from 10 to 30 spins.
If you decide to play regularly with one operator, a loyalty program and a VIP program will be a great option for you. All you have to do is make deposits and place bets, and in return, you will receive loyalty points and climb the leaderboard with other players. The VIP program provides unique benefits at the highest loyalty levels.
How do we rate Australian Bitcoin casinos?
Choosing the best crypto casinos in Australia requires a careful evaluation of several critical criteria to ensure a secure, enjoyable, and fair gaming experience. Here are the key factors to consider when selecting a crypto casino:
- Licensing and regulation
Ensure the crypto casino is licensed and regulated by a reputable authority. This guarantees that the casino operates under strict guidelines for fairness, security, and responsible gambling.
- Cryptocurrency support
Look for casinos that support a wide range of cryptocurrencies to provide flexibility in deposits and withdrawals. Popular options include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP), among others.
- Security measures
The best crypto casinos employ advanced security measures to protect player data and transactions. This includes SSL encryption, two-factor authentication (2FA), and cold storage of digital assets.
- Game variety
A diverse selection of games is essential for a fulfilling gaming experience. Top crypto casinos offer a wide range of slots, table games, live dealer games, and more from leading software providers.
- Provably fair games
Provably fair technology allows players to verify the fairness of each game outcome. Casinos that offer provably fair games demonstrate transparency and build trust with players.
- Bonuses and promotions
Evaluate the bonuses and promotions offered by the casino. Look for welcome bonuses, deposit bonuses, free spins, and VIP programs that add value to your gaming experience.
- Withdrawal speed
One of the advantages of crypto casinos is the potential for fast withdrawals. Verify the casino’s withdrawal policies to ensure you can access your winnings promptly.
- Customer support
Reliable customer support is crucial. The best casinos offer multiple support channels, including live chat, email, and telephone, with responsive and helpful customer service.
How to start playing at crypto casino sites?
If you are just entering the world of online crypto casinos and do not fully understand how crypto online casinos work, we have prepared a short guide for you on how to quickly register an account and make your first deposit.
Time Needed: 10 Minutes
Tools Needed: Laptop/Mobile
Software Needed: Email
Step 1
Choose the best legal crypto casino
The first thing you need to do is find a casino for yourself. We make it easier for you with our reviews, where we recommend the best online casinos that offer cryptocurrency payments. From our proposals, choose the online casino that will delight you with its offer the most. From this page, you can go straight to the online casino home page.
Step 2
Register a new player account
Once you go to the website of your chosen casino, you can start creating a new account. Most crypto casinos do not require you to provide personal information or verify your identity using a passport scan, you just need to connect your cryptocurrency wallet to your account. If the casino asks you for additional information, it may be required by the licensor.
Step 3
Make a deposit
To make deposits and withdrawals at crypto casinos, you do not need to provide your bank account or credit card number. Go to the payments section and select Deposit. Follow the on-screen instructions. Unlike traditional payment methods, in this case, you will most often only be required to provide your crypto wallet address and the amount to be transferred to the casino account. Cryptocurrency deposits and withdrawals are anonymous, fast and secure. However, remember not to deposit more into the casino than you can afford to lose.
Step 4
Get your welcome bonus
Most gambling sites will offer you bonus money as a thank-you for signing up. Get your deposit bonus and free spins and increase your playing balance. Remember to meet the bonus wagering requirements before withdrawing.
Step 5
Start the game
Once you have made your payment and claimed your welcome bonus, you can proceed to the next step and check out the available real-money games. Choose the online games you want to play and have fun. Remember to manage your bankroll wisely and meet the wagering requirements before withdrawing your gambling winnings.
Top crypto casino sites in Australia 2024
- Fairspin Casino: Up to C$500 + 60 free spins
How to make a withdrawal from a crypto casino?
Withdrawing money in such a casino requires the following steps, which are similar regardless of the casino:
- Log in to go to your account. Go to the withdrawals tab.
- Select one of the cryptocurrencies you want to withdraw with. Enter the amount you want to transfer to your cryptocurrency wallet.
- Enter your cryptocurrency wallet and confirm the payment. Please check carefully whether you have entered the correct address (a string of characters). In the case of cryptocurrencies, it is not possible to withdraw a transaction.
- The withdrawal should appear in your wallet shortly after it has been checked by the staff under AML procedures. It generally takes no more than a day or two business days.
Some Bitcoin casinos may not support withdrawals directly but through gateways such as CoinsPaid. In this case, the money will be paid through an intermediary. From a casino player’s point of view, the difference may be the small additional commission charged on the withdrawal. However, it does not exceed a few percent and is not significant.
The most popular cryptocurrencies for Australian online gambling
Gambling with cryptocurrencies has already become a common practice, and more and more players are choosing to use digital currencies when placing bets on their online games. Some sites offer the option to pay with Bitcoin, while many others also accept deposits and withdrawals in other cryptocurrencies, including Litecoin, Ethereum and Dogecoin.
In 2024, it is not enough to offer only Bitcoin transactions. Some players may also want to choose to switch to fiat currencies or lesser-known digital currencies. Here are the most popular cryptocurrencies you can use for deposits and withdrawals at online casinos.
Bitcoin (BTC)
Bitcoin is the first cryptocurrency to gain global fame and is currently not only the most popular coin but also has the largest market capitalization. For many, the name bitcoin is even synonymous with cryptocurrencies and is used interchangeably.
What is Bitcoin? It is a decentralized digital currency that can be sold, bought and exchanged without the involvement of intermediaries such as banks. The creator of the Bitcoin cryptocurrency is the mysterious Satoshi Nakamoto. Its main goal was to revolutionize the global financial market and create an electronic payment system based on cryptographic evidence instead of trust.
Neither state governments, central banks, nor the economic situation of a given country affects the price of Bitcoin. Interestingly, speculations, movements of the largest investors and comments on social media have a much greater impact on the value of a digital coin.
What makes Bitcoin (and many other cryptocurrencies) unique is that every transaction ever made is recorded on a public ledger accessible to anyone, known as the Blockchain. This makes transactions virtually impossible to reverse and very difficult to counterfeit.
Bitcoin premiered in 2009. Since then, its value has increased dramatically and currently, in 2022, it is almost $20,000. For comparison, it started at less than A$150. The supply of Bitcoin is limited and amounts to 21 million coins. There are currently 19 million coins in circulation, but the process of mining new bitcoins is becoming slower and more difficult. For this reason, we will probably reach the supply limit only in a dozen or so years.
Bitcoin Cash (BCH)
Bitcoin Cash is a cryptocurrency that runs on the same cryptocurrency as Bitcoin. It was established in 2017 as the so-called “hard fork” of the Bitcoin blockchain. Bitcoin Cash was intended to help address many of Bitcoin’s shortcomings and make it easier to process more transactions faster. Bitcoin Cash uses a larger block size than Bitcoin, initially expanded to 8 MB and later to 32 MB. As a result, more than 100 transactions can be processed in a second.
However, Bitcoin Cash still works very similarly to Bitcoin. It also has the same supply as Bitcoin, and the mining process works practically the same. Miners confirm and add transactions to the blockchain by solving mathematical problems. In return, they receive Bitcoin Cash tokens as a reward for their work.
Litecoin (LTC)
Litecoin is considered one of the first “altcoins”, a group of digital currencies that were created in opposition to Bitcoin. It is also the second oldest currency after Bitcoin, often considered its spin-off.
Litecoin was created to improve on all of Bitcoin’s shortcomings, including increasing transaction speeds. Currently, it is up to 54 transactions per second, compared to Bitcoin, which initially offered the ability to process up to 5 transactions per second. Litecoin also accelerated the generation of new blockchains from 10 minutes (Bitcoin) to 2.5 minutes.
Litecoin is based on a peer-to-peer (P2P) cryptocurrency payment network, so transactions can be settled almost instantly.
Ethereum (ETH)
Ethereum is considered the second most popular cryptocurrency after Bitcoin. It was founded in 2015 by Vitalik Buterin and Gavin Wood. Unlike its biggest rival, Bitcoin, Ethereum is intended to be more than just a store of value or a medium of exchange. Ethereum is a computer network that is decentralized and built on.
The main currency of the Ethereum network is Ether. This native token can be used to buy and sell goods and services. However, there is more you can do with Ethereum. All network users can create applications that in. They work just like applications or programs on your computer.
Ethereum has also implemented smart contracts. They work just like regular contracts concluded between two parties. Each of them agrees to provide goods/services or payment in the future. Lawyers are not needed to conclude contracts, because the Ethereum network encodes the contract and checks whether its provisions have been implemented.
Tether (USDT)
Tether stands out as a pivotal cryptocurrency in the realm of online gambling, especially for Australian players seeking stability amidst the volatile crypto market. Launched in 2014, Tether is a type of cryptocurrency known as a stablecoin, which aims to maintain a constant value by being pegged to a fiat currency, in this case, the US dollar. This one-to-one pegging with the USD means that one Tether generally equals one dollar, providing a stable medium of exchange for online casino transactions.
What sets Tether apart in the online gambling industry is its ability to offer the benefits of digital currency transactions, such as speed and security, without the price fluctuations associated with other cryptocurrencies. This stability is particularly appealing to players who wish to manage their bankrolls without the added risk of their deposit’s value changing significantly overnight.
Tether operates on several blockchains, including Bitcoin, Ethereum, and TRON, ensuring wide compatibility and accessibility. This flexibility allows for seamless deposits and withdrawals at online casinos, making it a preferred option for players who prioritize transaction speed and minimal fees without sacrificing the value stability that traditional fiat currencies offer.
Popular games at crypto casinos
In online casinos that accept cryptocurrency payments, you will find huge catalogs of casino games from which you can easily choose the titles you want to play. Game libraries are full of products from top software providers such as NetEnt, Evolution Gaming, Microgaming, Play’N Go, Big Time Gaming and Pragmatic Play. There is also no shortage of games related to cryptocurrencies, such as Satoshi Secret or NFT Megaways.
Crypto pokies
Slot machines at crypto online casinos are incredibly diverse and available in many different options, often with loads of free spins. Here you will find slot machines with three and five reels, with several or a dozen paylines, based on various winning mechanisms, as well as advanced Megaways slots with hundreds of thousands of ways to win.
Every online casino that accepts cryptocurrencies, including Bitcoin, Bitcoin Cash, Litecoin, Ethereum and others, has classic fruit machines, video slots, as well as modern progressive jackpot machines in its library. Playing slot machines is by far the most popular form of gambling around the world. It offers players plenty of opportunities to win big, thanks to bonus features, free spins rounds, multipliers and multiple paylines.
Players can choose slots that best suit their gaming style. Ranging from low-volatility, low-risk games to high-volatility slots that allow you to hit rarer but high wins.
Progressive jackpots
The most exciting slots on offer at a cryptocurrency casino are progressive jackpots. They have a jackpot that is constantly growing with each subsequent bet placed by players from all over the world who choose this slot in online casinos connected by a network of progressive jackpots. The prize pool grows until one of the players wins it.
Crypto live casino
The best Bitcoin casinos have a wide selection of live dealer games. Thanks to this, you can get the amazing experience of playing in a land-based casino without leaving your home. This is possible thanks to live interactions, games broadcast in real time and a real dealer who will guide you throughout the game.
Live casino games allow you to take full advantage of playing at home, even at high stakes. Live table games are also available to play for cryptocurrencies, mainly Bitcoin. They are provided by the best developers of this type of game, including Evolution Gaming. The main table games to choose from are live blackjack, live roulette, live baccarat and live poker. Game show games such as Monopoly Live and Crazy Time also arouse a lot of emotions.
Crypto sports betting
The online casino market does not remain indifferent to sports fans who love to bet on their favorite teams and players. Quite often, in a Bitcoin casino, you will also find the option to place sports bets with cryptocurrencies. Pre-match and live sports betting is available, as well as welcome bonuses for new tipsters – including free bets and top-ups.
Popular crypto casinos for Aussies
- BC.Game Casino
This innovative online casino has quite a few unusual features. One of them is the casino’s cryptocurrency, called BCD, or BC Dollar. Bonuses are awarded here in BCD. For the first deposit, we can get up to 180% bonus, a maximum BCD 20,000. Bonuses are awarded up to the fourth initial deposit, for which we get a 360% top-up up to 100,000 BCD. However, it is worth mentioning that this crypto casino also accepts virtual coins with lower capitalization, such as Arbitrum, Solana and Cardano.
- 7Bit Casino
In this Bitcoin casino, the starting bonus is spread over the first four deposits. The first deposit will increase your deposit by 100% up to 1.5 BTC. However, the last of these deposits adds a maximum of 1 BTC to the account, with an increase of 100%. In total, thanks to the starting bonuses at 7BitCasino, we can receive up to 5 BTC. Also noteworthy is the large selection of online slots, total at 7BitCasino exceeds two thousand.
- Katsubet Casino
If you like the styles of Japanese manga and anime, you will like Bitcoin Casino. The first deposit adds 100% up to 1.5 BTC, and bonuses are awarded up to the fourth deposit. In total, players can get the equivalent of 5 Bitcoins. The bonuses do not end there, because at Katsubet you can also receive a bonus for high turnover or a Monday reload bonus. Both types of bonuses are 50%.
- Lemon Casino
This classic casino, well-known to Australian players, offers several starting bonuses. To start with, we can get a 100% bonus of up to AUD 600 on the first deposit, as well as 200 free spins. In addition, you can receive a 400% bonus up to AUD 50 or the equivalent in cryptocurrencies. This bonus can be used on Megaways games. In addition, there is a welcome bonus of 15% cashback on live games for the first 50 rounds lost. Lemon Casino supports all major cryptocurrencies such as Bitcoin, Ethereum and Ripple.
- Hell Spin Casino
This stylish casino with a bison in the main role offers a 100% starting bonus up to AUD 1,200, enriched with 150 free spins or the corresponding amount in cryptocurrency. This online casino also offers interesting scratch cards as part of the VIP program. By advancing to the next levels of the program, you can win additional prizes in digital scratch cards, with the first one available after making a wager of AUD 100. Regular players will also benefit from cashback, which in this casino is up to 7%.
Mobile crypto casinos
You can also play in a Bitcoin casino on your smartphone or tablet. Most often, you have two options to choose from a mobile application to download and play via a mobile website. However, there is a lot of freedom in the world of online casinos. The best BTC casinos won’t always offer you a mobile app to download, but you can always launch their website in your mobile browser.
Moreover, a big advantage of an online casino on the phone is the ability to take your favorite entertainment with you wherever you have a stable Internet connection. It doesn’t matter whether you have an Apple device with iOS or an Android smartphone. Popular casino games are now available on all devices, regardless of their operating system.
Best mobile crypto casino
Up to A$1200 + 150 free spins
- Games: 5000
- Win rate: 95.75%
- Payout time: 1-5 days
New crypto casinos
One of the most compelling advantages of new crypto casinos is the enhanced security and privacy they offer. Transactions made with cryptocurrencies are encrypted and decentralized, meaning they do not pass through traditional financial institutions. This not only reduces the risk of fraud and hacking but also ensures that players’ financial and personal information remains confidential. In an era where online privacy is increasingly valued, the anonymity afforded by crypto transactions is a significant draw for many players.
Furthermore, new crypto casinos are celebrated for their speed and efficiency. Deposits and withdrawals can be processed at a fraction of the time it takes for conventional payment methods, allowing players to access their winnings more quickly and start playing their favorite games without delay. This efficiency extends to the signup process as well, with many crypto casinos requiring minimal personal details, thus facilitating a smoother entry into the world of online gambling.
The global accessibility of cryptocurrencies also means that new crypto casinos can reach a wider audience. Traditional online casinos often face geographical and regulatory hurdles that can restrict access for players from certain countries. In contrast, crypto casinos, by their decentralized nature, offer a more inclusive platform, enabling players from around the world to participate without the need for currency conversion or compliance with restrictive banking regulations.
Best new crypto casino 2024
Up to A$750 + 100 free spins + 1 bonus crab
- Games: 3000
- Win rate: 95.55%
- Payout time: 1-5 days
Live dealer crypto casinos
Live dealer games, streamed in real time from professional studios or actual casino floors, provide an immersive experience that closely mirrors the physical casino environment. Players can interact with real dealers and other players, observe the live action on gaming tables, and place their bets in real-time, all from the comfort of their homes. This interaction bridges the digital divide, offering a personalized and engaging experience that many find lacking in traditional online casinos.
The integration of cryptocurrencies into this live dealer format enhances the appeal by addressing several limitations associated with conventional online gambling. Firstly, the use of cryptocurrencies like Bitcoin, Ethereum, and Litecoin allows for significantly faster deposit and withdrawal times compared to traditional banking methods. This efficiency ensures that players can access their winnings more swiftly and enjoy a seamless gaming experience without the typical delays of fiat currency transactions.
Moreover, the decentralized nature of cryptocurrencies offers a level of security and privacy seldom found in online fiat transactions. Players can enjoy live dealer games without the need to disclose sensitive financial information, reducing the risk of fraud and identity theft. The anonymity provided by crypto transactions also means that players from regions with strict gambling regulations can participate without the same level of exposure or restriction.
Best live crypto casino 2024
Up to C$500 + 60 free spins
- Games: 4600
- Win rate: 94.5%
- Payout time: 1-5 days
What is worth remembering when playing in online casinos with cryptocurrencies
Cryptocurrency casino is a trend that is difficult to ignore. Still, many players want to be sure that their money goes to a trusted and reputable operator. Here are some facts to keep in mind when choosing a casino that accepts digital currencies to play.
Cryptocurrency rates are unstable
The value of cryptocurrencies is extremely volatile. This creates a huge risk for digital currency holders, who can quickly lose or gain from changes in digital currency prices. If you deposit cryptocurrencies, place crypto bets, and then withdraw your winnings, the value of your funds may vary at each stage of your gambling adventure.
Cryptocurrency payments are difficult to track
Crypto casinos often have trouble proving to regulators the source of their revenue from Bitcoin, Litecoin, Ethereum and other transactions. This creates the risk of supporting transactions aimed at money laundering. On the other hand, all cryptocurrency transactions are done using. It is a decentralized ledger in which a transaction once made cannot be changed. This means that once a transaction is posted, it is permanent and cannot be reversed, deleted or modified. While in practice it may not be easy for novice players to analyze the extensive data records, in theory, the risk of fraud, identity theft and fraudulent payments is negligible.
Low availability in some countries
Not all governments are optimistic about cryptocurrency transactions. Moreover, the lack of clear regulations in most jurisdictions often relegates crypto casinos to the so-called gray zone. It is therefore possible that in some countries access to casinos accepting cryptocurrencies will be very limited.
In countries such as El Salvador, Bitcoin is recognized as the official currency. South Korea has significant restrictions on paying with cryptocurrencies. You can pay with cryptocurrencies in the UK, but gambling operators must meet many additional, strict standards to operate legally in the UK. In European Union countries, the method of regulating cryptocurrencies is still being discussed.
Still a new, developing gambling niche
The ability to play in an online casino with funds deposited using cryptocurrencies is something new in the world of gambling. Many online casino regulators still struggle to precisely establish rules for regulating such casinos. Some regulators, such as the UK Gambling Commission, have even stated that online casino operators seeking to obtain a gambling license often find it difficult to prove the source of funds when cryptocurrencies are included in their applications.
Cryptocurrencies such as Bitcoin Cash, Litecoin, Ethereum and Ripple are still less popular than traditional payment options such as credit cards, bank transfers or e-wallet payments. Many crypto casinos still offer the same benefits to players depositing in FIAT and digital currency.
Crypto casino pros and cons
Modern casinos all over the world are connecting crypto to payment instruments, and narrow-profile cryptocurrency platforms are being launched. Our website presents the current rating of online casinos that accept Bitcoin. At the same time, working with digital currency at a casino has not only advantages but also disadvantages. Despite all the listed advantages of cryptocurrencies, several significant disadvantages hinder their development in the gambling industry.
- Fast deposits and withdrawals: All transactions involving cryptocurrency wallets are fast. While instant deposits are standard not only in Bitcoin casinos, in the case of crypto casinos you can also count on instant withdrawals.
- Fair games: Casino games based on cryptocurrencies have their gameplay history saved. This makes them resistant to fraud and manipulation of results.
- Anonymous gambling: If you want to play at a real casino site but don’t provide your personal information or connect your cryptocurrency casino account to your bank account, you can play completely anonymously at a Bitcoin casino. An additional advantage: you don’t have to worry that hackers using phishing scams will get your data.
- Need to set up a cryptocurrency wallet: To be able to play at a Bitcoin casino, players must have a crypto wallet. Each digital currency, such as Litecoin, Ethereum or Bitcoin, has its wallet that must first be created and then topped up. For players who are just entering the world of crypto, this can be troublesome.
- Few games dedicated exclusively to cryptocurrencies: Although gambling games in which you can pay only with cryptocurrencies are being created, their number may still not satisfy real gambling fans. Casino software developers focus on creating games in which you can pay with both fiat currencies and cryptocurrencies.
- Few regulated gambling sites: There is no shortage of regulators who have trouble issuing licenses for some online casinos with cryptocurrencies. This is due to difficulties in determining the source of funds and identifying players. Another problem is the risk associated with fluctuations in the value of cryptocurrencies.
Final thoughts on Australian crypto casinos
Using cryptocurrencies such as Bitcoin to make deposits and withdrawals at online casinos is considered one of the safest payment methods available. Cryptocurrency transactions are anonymous, fast and relatively cheap.
The best crypto casinos will offer you a high level of protection and plenty of opportunities for great entertainment. Here you will find casino games designed specifically for cryptocurrency payments, attractive bonuses and a wide selection of cryptocurrencies with which you can fund your account. If you decide to play in the casino for a longer period, be sure to also pay attention to the VIP program (loyalty program) and regular bonuses for regular players, up to 100 free spins or increased deposits by the casino.
What is worth remembering when deciding to play in a crypto casino? The value of digital currencies is constantly changing. This means that the amount you win one day may have a different value just a few hours later.
