First invented back in 2008 with the arrival of Bitcoin, a cryptocurrency is a digital payment system that operates beyond the control of governments and financial institutions. They have hit the headlines as opportunities for investment but, more and more, cryptocurrencies are now being used to pay for goods and services.
It’s best to think of a cryptocurrency as just another currency which you have to buy using normal, so-called ‘fiat’ currency like US dollars, pound sterling, or euros. You then store your cryptocurrency in an online wallet until you need to spend it.
There’s been a real explosion in the number of cryptocurrencies released, but there are evidently some real market leaders. Here are the five that are most widely accepted by casinos.
For most people, Bitcoin is the currency that they have heard a great deal about, and it’s certainly the most popular. So this is the one that you’ll find is most widely accepted.
Ethereum has been designed to be an even faster way to complete transactions than with Bitcoin. As a result, it’s becoming increasingly popular with casinos and their customers.
Unlike most other cryptocurrencies, Ripple has the backing of a number of banking institutions who have started using its blockchain technology to speed up transactions.
All cryptocurrencies include a high level of security and privacy and this is further enhanced by Monero. Unsurprisingly, this has helped to make it very popular with players.
One of the cryptocurrencies that can be regarded as having evolved directly from Bitcoin, Litecoin offers even faster and more secure transactions.
Crypto casinos offer players all the games they’d expect to find in any online casino, including:
But many also have dedicated crypto games, which are specifically designed for the use of the currency. These include Bitcoin Dice, as well as special slots that pay out all of their winnings in the cryptocurrency of the player’s choice.
Playing on mobile casinos has seen a real explosion over the last few years. So, today you can expect to find that all crypto casinos have a first-class version of their site that you can play on a smartphone or tablet, wherever and whenever the mood takes you.
Because it’s vital for all operators in the sector to be transparent and above board about their dealings, there are special measures taken by cryptocurrency casinos to prove that this is the case. The main example of this is, that at the start of a game, the casino generates a so-called random seed number that you are then sent. You then add your own seed number and, when the bet has taken place, the number is returned. The fact that it is still the same number guarantees that the casino is behaving in a provably fair way.
We’re here to help you choose the ideal casino for your needs and our reviews will tell you all you need to know. We also make it simple for you to register for the sites that take your fancy in just a few steps. So, if you’re thinking about looking for your perfect crypto casino, here some things to check out first:
All casinos offer welcome bonuses, but some are more generous and have fewer conditions than others. So make sure you examine the full details in our reviews.
Having a variety of games to choose from is important if you don’t want to get bored with a site. You’ll be able to see which titles are available before you commit – and look out for games from names like NetEnt and Microgaming.
Safety and Security
Always make sure that a site has been fully licensed and adheres to the highest security and encryption standards. You can rest assured that all the sites you’ll find on Bet On Aces have been tested and found to be safe and secure.
The best crypto sites offer a number of ways to contact the company and provide 24/7 customer support. One of these methods should definitely be live chat so you can resolve any issues immediately if and when they arise.
Once you’ve clicked through from Bet on Aces to the crypto casino of your choice, then you’ll find the sign-up process is generally pretty simple. The information you’ll need to give will include:
- Your email address.
- The password and account name you want to use.
- Your choice of cryptocurrency.
- Confirmation that you want to accept the bonuses on offer.
Then it’s just a question of accepting the site’s terms and conditions and you’ll be good to go.
Making Deposits and Withdrawals
You’ll receive full instructions about deposits and withdrawals on the site itself, which will generally follow these processes:
- Find and copy the address for payment.
- Go to your online wallet and paste the address.
- Enter the amount, and pay.
- Choose the withdrawals option on the crypto casino site.
- Enter your address in the space provided.
- Enter the amount to withdraw, and your online wallet will soon be credited.
There are many advantages to playing in a crypto casino including security and anonymity. It’s just a question of doing your research and finding one that meets all of your criteria. Fortunately, we’ve gathered all this information together for you in one place. Now it’s up to you to choose.