As a leader in the sports prediction market and a great online casino comparison, AltGambler is up to date. Always up to date with the latest news and trends in the industry, the recent concept of "crypto casino" holds no secrets for us.
Our team shares their honest opinion on the cryptocurrency casino and its advantages in this review.
Playing at an online casino with cryptocurrency reveals several advantages, and the AltGambler team has gathered them for you:
Transfer your funds securely: from your crypto-wallet to your player account;
Enjoy anonymous transactions: due to the encryption of your data;
Deposit with peace of mind: with this easy-to-use virtual payment system;
Withdraw your winnings and receive them instantly in your crypto wallet;
Play your crypto casino as you wish: anywhere and anytime, from your smartphone, tablet, or computer.
Cryptocurrencies have been very popular lately with internet users, and they continue to multiply; today, hundreds of different ones exist! Our team has compiled a list of the most popular cryptocurrencies used in online casinos.
The law of supply and demand governs the value of a cryptocurrency. Simply put, the value of a cryptocurrency is determined by the price at which people want to sell it and by the price they are willing to pay for it. For more information on cryptocurrencies, you can visit the dedicated page on coinbase.com.
Furthermore, the price of a cryptocurrency is also influenced by the scarcity of its tokens (tokens). If the supply of circulation is high and the demand low, the prices of the respective currencies will depreciate. On the contrary, if the supply is low and the demand is high, the prices of the cryptocurrencies will follow the curve, and their value will increase.
Market capitalization: over 510 billion euros
Number in circulation: 18.6 million
Date of creation: 2008
It is the first cryptocurrency published on the market as open-source software and is the most used to date. This is mainly due to its extreme security. All bitcoins transactions are recorded and verified directly on the famous "blockchain".
The term "bitcoin casinos" or "BTC casinos" will probably ring a bell for some of you; these newer sites mainly offer cryptocurrency use and are becoming increasingly numerous on the web.
Market capitalization: over 150 billion euros
Number in circulation: 114 million
Date of creation: 2015
It is the second most used cryptocurrency in the world. Ethereum is a virtual platform that hosts and implements software, such as security programs, identity verification, and payment methods.
Its technology also allows its users to set up so-called "smart contracts". For example, with this currency, a user can establish a contract stipulating that he or she can later buy something only if certain conditions are met, without going to a notary or incurring any additional costs.
Its digital currency is Ether. Unlike Bitcoin, this virtual currency does not have a limit on the maximum amount allowed in circulation.
Market capitalization: over 6.9 billion euros
Number in circulation: 18.6 million
Date of creation: 2017
This currency is a fork* of the Bitcoin cryptocurrency, which explains their many similarities. Bitcoin Cash goes through different blockchains. The big difference between the two currencies remains the cost of a transaction: a payment made by BCH is much cheaper, and its transfer will also be faster.
*What is a fork? This term is used when a change in the usual protocol or a basic rule of the blockchain is made by a community.
Market capitalization: over 13 billion euros
Number in circulation: over 132 million
Date of creation: 2013
Inspired by the famous internet meme "Doge" picturing a Shiba Inu, this currency is nevertheless no joke and is today the 7th largest cryptocurrency in the world in terms of capitalization. Dogecoin has a fun and friendly image, which is why it has become so popular. Its first use was the possibility of tipping on Reddit and Twitter social networks, consisting of rewarding quality content. Apart from its classic use dedicated to transferring money from an A address to a B address for a user, this cryptocurrency is widely used for charitable causes (sports competitions, art projects, humanitarian missions, etc.).
Market capitalization: over 7.8 billion euros
Number in circulation: 66.3 million
Date of creation: 2011
This is a decentralized software, similar to Bitcoin. These two digital currencies are very similar and share the same source code. Being managed by no central authority, Litecoin crypto allows its users ultra-fast, low-cost transactions. Unlike Bitcoin transactions, which can sometimes take up to 9 minutes to complete, transactions made in LTC take less than 2 minutes.
If you've never played at a crypto casino before, don't worry; it's not complicated. The AltGambler team has taken it upon themselves to test this for you, so we can explain how to do it in 6 steps.
Before playing with cryptocurrency, you must choose and create a crypto wallet. It can come in several formats: either as a physical key or a digital wallet, accessible online. As a reminder, this is a 100% secure storage medium, which will allow you to keep your digital tokens. With it, transferring your funds is a breeze.
Having an online cryptocurrency wallet is still the most popular format to date. Accessible to anyone from the internet, creating an account there is super simple. For more information, please refer to your crypto-wallet platform; it will tell you:
The information you will have to fill in to register;
The sites where you can pay with your cryptocurrency;
Instructions on how to make your online payments.
There are different types of wallets, each with its advantages and disadvantages. Following our research, we present you with the best crypto wallets for total protection and guaranteed storage of your money.
Once you've logged into your crypto wallet, you'll need to buy cryptocurrency. Depending on the platform, you'll have more or fewer choices for making a deposit.
To deposit funds, choose from your options: by credit card, Paypal, bank transfer, Skrill, or Neteller. Note that your crypto-wallet will always indicate the imposed deposit limit and the minimum amount required.
Once the amount is entered, and the digital currency is selected, your real money will be converted into cryptocurrency, taking into account the conversion rate, which is constantly changing. Down/up: the value of a cryptocurrency is continuously changing.
With your crypto wallet filled, you can now sign up for a crypto casino or an online casino that accepts cryptocurrency payments.
Choose a crypto casino on which cryptocurrency payments are accepted, such as Stake or Cloudbet. Go to your casino's website from the web browser of your preferred device (mobile, computer, or tablet).
Type "Cloudbet" into your search bar. Once you are logged in to the home page, click on the "Register" button or pop-up. You will then be asked to fill in your personal information:
First name(s), last name(s);
Date of birth;
Mailing Address ;
Confirm your registration with the link received in your email address, and you are done! You are now registered.
To have great fun with a real stake, benefit from your welcome bonus and try to win a maximum of winnings, you must start by making a deposit. To do so:
Click on your online casino's "Deposit" button and choose the payment method: cryptocurrency. You will have the choice to deposit in Bitcoin, Litecoin, Ethereum, etc.
Select the currency and the deposit amount.
Copy the transaction address or scan the QR code visible on your screen on your crypto wallet platform.
The payment will be processed within minutes and converted directly into euros or dollars in your casino account. Most of the time, you will receive a confirmation by email. If not, you can always check your transaction's status from your player account or by asking your customer service.
Every good online cryptocurrency casino offers its new players a welcome bonus. Why? To attract people, but primarily to encourage new registrants in their first steps. This offer is often presented as a deposit bonus, a percentage offered on your first deposit, sometimes enhanced with some free spins.
At Stake Casino, take advantage of a generous offer on your first deposit. To activate it, you have two options:
Activate the offer from your "Deposit" window, and make sure it is selected before you complete your transaction;
Or from your "Promotions" tab, go to the offer in question and click on "Take advantage".
Once the bonus has been activated and your deposit validated, your player balance will automatically update. It is important to note that this establishment is one of the so-called no-wager casinos, as it offers bonuses without wagering requirements. Very interesting, isn't it?
Here's the last and most fun step: pick a game, any game, and have fun. With your bankroll complete, you can enjoy extended sessions! So, be alert, be strategic, use your luck and start betting.