What is Bitcoin Gambling?

Bitcoin gambling or crypto gambling is an innovative form of online gambling with cryptocurrencies like Bitcoin, Ethereum, and Litecoin. It uses blockchain technology to provide a secure, transparent, and fair gaming experience. Here’s how it works:

1. Players deposit the crypto that they want to use to play into their accounts on a crypto gambling platform.
2. They can use crypto to play anything from slots to traditional gambling games to innovative, blockchain-specific offerings.
3. The players then withdraw the winnings back into their crypto wallet, a process that is often much faster and more secure compared to traditional online gambling.

The key benefits of crypto gambling are easy to see. Firstly, it offers heightened security, a critical aspect of online financial transactions. Cryptocurrency is inherently more secure than traditional payment methods.

Secondly, the blockchain technology in crypto gambling platforms ensures that every transaction is completely transparent. Each transaction and game outcome is recorded on the blockchain, allowing for easy verification and trust in the system.

Lastly, crypto gambling is known for provably fair games. This feature is unique to blockchain and crypto platforms, and allows players to verify the fairness of each game. This ensures that the outcomes are not manipulated and are entirely based on chance. All these benefits put together make crypto gambling a highly attractive option for online gamblers seeking security, transparency, and fairness.

Is Crypto Gambling Safe and Legal?

Crypto gambling is a new, ever-evolving industry with a lot of moving parts and different rules depending on where you are playing from. As with most things related to cryptocurrency, the laws on the books for crypto gambling sites vary wildly from one place to another, and may not even exist at all. The legality of crypto gambling will depend on your jurisdiction; laws and regulations for cryptocurrency and gambling vary significantly across nations.

Some Countries Allow It: Crypto gambling can often be legal in countries that permit both gambling and cryptocurrency usage; many European nations regulate and legalize online gambling while permitting the use of cryptocurrencies for betting purposes.
Some Countries Prohibit or Limit Crypto Gambling: Crypto gambling can often be illegal in countries that prohibit or heavily regulate gambling. Let’s take the US, for example, where online gambling laws vary greatly by state – with some states permitting online gambling that includes cryptocurrency usage while others do not.
Regulatory Grey Areas: Crypto gambling can also fall within countries whose gambling laws were written before cryptocurrency’s inception and have yet to be modified accordingly. This often happens as existing regulations were implemented before their inclusion was made a legal obligation.

Always consult your jurisdiction’s relevant laws and regulations if you’re uncertain about the legality of cryptocurrency gambling in your region. Seek legal advice as soon as possible if any doubt arises regarding this aspect.

Crypto Gambling vs Traditional Online Gambling - Which One to Choose?

There are numerous advantages to playing at crypto gambling sites compared to traditional online gambling. The best Bitcoin gambling sites are typically faster, have lower fees, and have more games than traditional online gambling sites. Using cryptocurrencies instead of fiat currencies and traditional payment methods also makes crypto gambling sites more accessible to the average player. Crypto payments also allow for greater anonymity and better privacy.

There are downsides to playing at crypto gambling sites though. The most obvious downside is the volatility of the value of cryptocurrency. One day your wallet could be worth $100. The next, it could be worth $50. However, if you are in for the long run, this volatility is less of an issue.

The other most notable risk of crypto gambling relates to something many enthusiasts actually like about cryptocurrency, that is, the lack of regulations. Playing at BTC gambling sites gives you the chance to play fun, exciting games and make secure transactions super quickly. It also puts you at risk of being exposed to the dark underworld of cryptocurrency, which involves things like money laundering, pump-and-dump schemes, and outright fraud.

The best way to avoid these tricky situations is to stick to the secure BTC gambling sites on this list that we’ve approved. If you only play at reputable crypto gambling sites, you're unlikely to experience the worst of the crypto industry.

Which Currencies Can You Use at Crypto Gambling Websites?

There are thousands of cryptocurrencies on the market. While some are just short-lived meme coins, while others have risen to the top to become established currencies with huge market caps. You find a good mix of cryptocurrencies accepted at crypto gambling sites. Here are the coins you should expect to see at the best crypto-gambling sites.

Bitcoin (BTC)

Bitcoin is the biggest and most popular cryptocurrency in the world, and the most widely-accepted coin at crypto gambling sites. Some sites operate just as BTC gambling sites and only accept Bitcoin. If you are looking to just dip your toe into crypto gambling sites, starting with Bitcoin is a good way to go. Buying and transferring Bitcoin is super easy compared to some of the more niche coins out there, so you really cannot go wrong.

Ethereum (ETH)

Ethereum is the second most popular cryptocurrency in the market, after Bitcoin. But crypto users tend to be fans of Ethereum for its other capabilities, not just for gambling transactions. Ethereum is used for smart contracts and decentralized applications making it a good choice for NFT and other Web-3 investors. In the crypto gambling sites context, Ethereum works just like Bitcoin, meaning you should expect super fast and secure transactions. Ethereum is available at most crypto-gambling sites.

Litecoin (LTC)

The speed of Litecoin is what makes it so popular within the crypto community. While it works very similarly to Bitcoin, Litecoin transactions are processed nearly four times faster than Bitcoin transactions.

Solana (SOL)

Solana is one of the newest and fastest-growing cryptocurrencies in the market. It is pretty similar to Ethereum as far as usage goes, but less widely used - although its popularity is steadily growing. You should be able to use it at most of the biggest crypto gambling sites.

Dogecoin (DOGE)

Dogecoin burst onto the scene a few years ago via social media hype, including with an endorsement from Elon Musk. It was once just a meme coin, but it is now one of the most widely accepted cryptocurrencies at crypto gambling sites. Because of its popularity, you can buy and sell Dogecoin as easily as you can buy and transfer any of the other top cryptocurrencies.

Crypto Gambling Site Platform Types

Gambling games are not limited to cards and Bitcoin roulette. There are numerous games in which players can stake their money and win big. The following are some of the most popular Bitcoin gambling games that players can participate in:

Sportsbooks

Cryptocurrencies have been widely-accepted at online sportsbooks for over a decade. Now, most of the top Bitcoin gambling sites also let you bet on sports. eSports betting is especially popular at crypto betting sites since most crypto fans tend to skew younger and more tech-savvy than traditional gamblers. Players can put a wager on possible outcomes before or during the game.

Pre-match predictions allow players to predict the scoreline or other possible outcomes before the game begins, while in-play predictions allow players to make predictions while the game is still being played.

Because of its inclusive nature, Bitcoin sports betting is one of the most popular kinds of online crypto gambling. Several mainstream users are already shifting their attention to the rapidly growing market. Globally, the sports gambling market is expected to reach $182 billion by 2030, according to a report carried out by Grand View Research.

Casinos

Crypto slots games come in many different themes, types, and sizes, but the most common games you will see at crypto gambling sites are traditional table games and slots. These games include online blackjack, roulette, baccarat, sic bo, and other table games.

Slot games tend to make up the biggest number of crypto gambling site games. Most sites will have hundreds or even thousands of slots, and some crypto gambling sites will also offer exclusive games that are unavailable anywhere else.

Poker Sites

Poker was one of the earliest and most popular kinds of online gambling, and remains a highly competitive arena of online gambling. The best Bitcoin gambling sites will have a good selection of world-class games, as well as hosting tournaments where you can participate and compete against other crypto gambling games fans.

The majority of the best Bitcoin poker sites offer both cash tables and tournaments. At some sites, you'll also be able to play video poker, where you'll compete against the banker using fixed odds.

Lotteries

Crypto lottery games are some of the oldest and most popular forms of crypto gambling. Like dice games, lottery games are popular because they are so simple.

Blockchain-based lottery games are gaining popularity because they’re not subject to the constraints you’ll find in traditional lottery games. The Lucky Block NFT gaming platform, for example, allows players worldwide to select random numbers for as little as $5.

What Bonuses Do Crypto & Bitcoin Gambling Sites Offer?

One of the biggest upsides to playing at Bitcoin gambling sites compared to traditional gambling sites is the huge amount and variety of bonuses available. Bitcoin sites typically have more generous and creative bonuses than their traditional online gaming counterparts. Here are some of the bonuses you should expect to see at the best Bitcoin gambling sites. All of the below bonuses are generally subject to wagering requirements, so make sure you read the fine print.

Welcome Bonus

All the best bitcoin gambling sites will offer you a reward for signing up. With that being said, these bonuses vary greatly from site to site. The best crypto gambling welcome bonuses will match your first deposit, give you some free spins, and other perks. For example, on a platform promising a 100% welcome bonus, if a user deposits $100, the player will receive $200 instead of the original deposit amount.

Free Spins

Free spins are a great way to discover new games or to play at your favorite slots without breaking the bank. Most Bitcoin gambling sites will give you free spins when you create your account, while peppering them in as part of other promotions throughout the year.

Free Bets

Free bets typically apply to crypto sports betting but they also can refer to table games. They will either work as bonus credits deposited into your account or as set wagers you have to use as one lump sum.

Free Poker Chips

Like free bets and free spins, free poker chips are pretty much what they sound like. These bonuses can only be used at video poker games. You can use your bonus chips in place of or alongside your crypto wagers when you play poker at crypto gambling sites.

VIP Rewards

VIP rewards are essentially perks you earn by participating in a crypto gambling site’s VIP program. These can include free spins, free bets, special bonus offers, and more. At most Bitcoin gambling sites, you will automatically be enrolled in the program, which means you just need to start playing to start earning perks.

Cashback

Cashback or rakeback bonuses give you bonus credits back, generally as a percentage of your losses. For example, a 10% cashback bonus means you will get 10% of the amount wagered and lost back as bonus credits. Rakeback bonuses on bitcoin gambling websites are often tied to a specific period of time, typically either weekly or monthly.

No-Deposit Bonus

No-deposit bonuses on bitcoin gambling websites are highly sought after because they compensate a player for signing up before they’ve even made a deposit. When a deposit is eventually made, this can significantly increase a player’s total wagering power. It’s safe to say that these are the rarest kinds of bonuses to find, and very much in demand.

Tournaments & Giveaways

Tournaments and giveaways are fun ways to earn bonuses and compete against other players on bitcoin gambling websites. In tournaments, there normally will be a pool of money available to all players. You then earn your stake of the pool by playing against the other competitors.The higher you end up on the leader boards, the bigger your slice of the pie.

Top Crypto Gambling Sites Bonuses

What to Look for When Choosing the Best Bitcoin Gambling Site?

Having reviewed hundreds of crypto gambling sites, we have identified some key things you should look for when picking the right gambling site with crypto.

1. Reputation and trust

The most important factor when choosing a crypto gambling site is reputation and trust. Playing at crypto gambling sites can be very fun, but it can quickly turn sour if you play at the wrong sites. Always do your research before picking a site - look for BTC gambling sites that operate under a valid license and offer a safe and secure platform for their users. If something does not feel right, there are many other places to play.

2. Available countries

Once you pick a site you can trust, you need to make sure it is actually available in your country. Certain countries, like the US, have very strict regulations for crypto gambling sites. Others are more open to them. Figure out which category your jurisdiction falls into and pick a site that you can actually play at.

3. Fast deposits and withdrawals

On the whole, Bitcoin gambling sites will have faster deposits and withdrawals than sites that only accept fiat currency. With that being said, some sites are faster than others. The best Bitcoin gambling sites will have lightning-quick deposits and withdrawals so you can make the most of your money as fast as possible.

4. Deposit and withdrawal limits

Waiting a long time to deposit and withdraw your cryptocurrency can be annoying. What is even worse is not being able to make any deposits or withdrawals because you have hit your limit. The best bitcoin gambling sites make speedy deposits and withdrawals a point of pride. Make sure to look at the minimum and maximum withdrawal amounts before creating your crypto gambling site account.

5. Crypto transaction fees

Transaction fees at the best crypto gambling sites are usually low to nonexistent, but that does not mean some sites won’t take advantage and charge you a lot for your transactions anyway. You should look for sites that clearly list how much you’ll be expected to fork out for every transaction, and then see if it’s worth your while.

6. Diversity of games and game providers

Typically, the best Bitcoin gambling sites will have a huge variety of games. However, some sites specialize in offering certain types of games, so they will be more limited. You should make sure a site actually has the types of games you want to play before creating your account. Look for familiar names from trustworthy game providers that you’ve enjoyed in the past.

7. Variety of bonuses and VIP programs

Welcome bonuses are often eye-catching, but we really recommend that you look deeper. The best crypto gambling sites will have a generous welcome bonus, regular bonuses for existing players, and a rewarding VIP program. Here, the importance of reading the terms and conditions cannot be underestimated - a juicy bonus rarely comes without strings attached.

8. Customer support

The best crypto gambling sites should have a solid customer support section. This should include a 24/7 live chat, email form, and a comprehensive FAQ section. A lot of sites skimp on these features, so make sure you check first. A crypto gambling website that ticks all these boxes clearly has its customers’ interests at heart.

How to Play at a Crypto Gambling Site

Now that you know what to consider when picking a crypto-gambling site, you are ready to learn how to create an account. Follow the steps below.

Step 1 – Choose a Gambling Site

This should be easy for you to do now since you know what to look for, but just to give you a refresher, you should pick a crypto gambling site that is reputable and available in your country. There are a lot of good options at the top of this list. The site should have a wide variety of games that you want to play, quick transactions, and a good customer support section.

Step 2 – Create an Account

Creating your account is usually as easy as clicking a button to sign up and filling out a form with some basic information such as your email address. Some countries have additional Know Your Customer requirements, so don’t be surprised if you are asked to provide your full name, address, occupation, and other personal details.

Besides filling out the form, you should also look for bonus offers. Some crypto-gambling sites have bonuses that you can only claim if you opt into them when you create your account.

Step 3 – Open Your Email

After filling out the sign-up form, you will be sent a confirmation email. Check your inbox, open the email, and follow any final sign-up steps the site asks you to do.

Step 4 – Make a Deposit

The last thing you need to do to get your account started is make a deposit. This is relatively straightforward at most crypto gambling sites. All you need to do is send your crypto from your wallet to your new crypto gambling site account.

Step 5 – Find a Game To Play

Once you have some funds in your account, all that is left for you to do is start playing

Our Methodology When Reviewing Crypto Gambling Sites

Here at CryptoNews we like to be very transparent with all our crypto gambling reviews. We are very upfront about exactly what factors we consider and how each site scores according to those factors.

The seven key factors we consider in our comprehensive reviews are Anonymity, Security, Payout Speeds, Bonuses, Game Selection, Deposit Methods, and Fees and Limits. Our crypto gambling experts use these seven factors to evaluate all the top Bitcoin gambling sites and give you the most honest crypto gaming site reviews possible.

Anonymity

1 star: Requires extensive personal information for registration and transactions.

2 stars: Collects some personal information but allows for partial anonymity.

3 stars: Offers reasonable anonymity with minimal personal information required.

4 stars: Provides a high level of anonymity with optional KYC procedures.

5 stars: Ensures complete anonymity, allowing users to play without any personal information.

Security

1 star: Lacks SSL encryption and other basic security measures.

2 stars: Implements basic security features but may have vulnerabilities.

3 stars: Utilizes industry-standard security protocols and practices.

4 stars: Has advanced security measures, including two-factor authentication.

5 stars: Adheres to the highest security standards, such as end-to-end encryption and regular security audits.

Payout Speeds

1 star: Slow and unpredictable withdrawal times, often taking more than a week.

2 stars: Moderate withdrawal times, usually within 3-5 business days.

3 stars: Relatively fast withdrawals, typically within 1-3 business days.

4 stars: Fast withdrawals, processed within 24 hours.

5 stars: Instant withdrawals, allowing users to access their funds immediately.

Bonuses

1 star: Minimal or no bonuses offered.

2 stars: Limited and unappealing bonus options.

3 stars: Offers standard bonuses with reasonable terms and conditions.

4 stars: Provides generous bonuses with fair playthrough requirements.

5 stars: Exceptional bonus programs, including frequent promotions and loyalty rewards.

Game Selection

1 star: Limited and outdated game library.

2 stars: Modest game selection with a lack of variety.

3 stars: Diverse range of games, covering popular categories.

4 stars: Extensive game portfolio with top-tier titles.

5 stars: Comprehensive collection, featuring the latest games and live dealer options.

Deposit Methods

1 star: Limited deposit options, excluding major cryptocurrencies.

2 stars: Accepts a few cryptocurrencies but lacks traditional payment methods.

3 stars: Supports a variety of cryptocurrencies and some fiat options.

4 stars: Offers a wide range of deposit methods, including popular cryptocurrencies and traditional payment options.

5 stars: Accepts a broad spectrum of cryptocurrencies and fiat currencies with various payment methods.

Fees and Limits

1 star: High transaction fees and restrictive withdrawal limits.

2 stars: Moderate fees and limits that may be unfavorable to some users.

3 stars: Reasonable fees and limits suitable for most players.

4 stars: Low fees and generous withdrawal limits.

5 stars: No fees or very minimal fees, accompanied by high withdrawal limits.

This approach ensures that each site is being treated fairly and that you get a fair view of what each site has to offer. Our process is repeated continually too so that our lists and reviews constantly reflect the actual reality of the crypto gambling market.

Best Crypto and Bitcoin Gambling Sites Verdict

Bitcoin gambling offers a more speedy, secure and anonymized way of playing gambling games online, and has completely changed the face of internet gambling. The platforms are less fee-driven and aim to provide their customers with the best possible user experience.

Although there are several Bitcoin gambling sites to choose from, we recommend Lucky Block. The platform is one of the best crypto gambling platforms available and is powered by a powerful Telegram bot that allows for instant and secure sign-up and crypto transfers. Furthermore, the game lineup is quite impressive, with some offering well over 2,000 games spanning slots, sports, casinos, dice, poker, and several others. It also provides thousands of casino games, a $1 minimum deposit, a 200% matched bonus deposit and 50 free spins.

All the normal considerations that you should keep in mind when playing online gambling games still apply. No matter which of these crypto gambling sites you end up playing at, make sure you never wager more than you can comfortably afford to lose, and remember to play responsibly.

Why You Can Trust CryptoNews

As the world’s largest crypto news website, CryptoNews has been a pillar in the cryptocurrency community since 2016. Our longstanding presence in the industry, combined with our commitment to delivering accurate and timely information, makes us a trusted source for crypto enthusiasts and professionals alike.

Our team of over 30 dedicated employees works tirelessly to ensure the quality and reliability of our content. We conduct weekly fact checks and constantly update our information to reflect the latest trends and data in the crypto world. With CryptoNews, you’re not just reading another article; you’re gaining insights from a seasoned, dependable source in the realm of cryptocurrency. We have strict editorial guidelines that you can read more about here.

Crypto and Bitcoin Gambling Sites FAQs

What is the best bitcoin casino in 2024 for USA players?

Our picks for the best Bitcoin gambling sites are Lucky Block, Mega Dice, and BC.Game.

Can I gamble Bitcoin online?

Yes, players can gamble with Bitcoin. However, we advise players to be careful, as gambling is a game of chance.

Where can I gamble with crypto tokens?

Users can gamble on all the top sites we have reviewed in this guide. However, our top pick is Lucky Block  The new platform is powered by Telegram, intuitive and offers an impressive library of games, tables, sports wagering, and more.

How do I know that crypto gambling is secure?

To make sure you’re playing at a secure crypto gambling site, check if the platform is licensed and regulated by a reputable authority. You should also research the reputation of the gambling platform, and verify if the platform uses provably fair algorithms so that it can’t manipulate game results.

What is the best Bitcoin wallet for gambling?

The best Bitcoin wallet really comes down to personal preference, but if you are looking for a good overall wallet MetaMask and TrustWallet are good picks.

How do you deposit crypto on a Bitcoin gambling website?

The first step is creating an account with a crypto exchange and buying the cryptocurrency you want to play with. From there, you go to your Bitcoin gambling site and find your account’s wallet address. It will usually be a huge string of characters. Copy that address and withdraw your cryptocurrency into it back at your crypto exchange.

What is a provably fair game?

Provably fair games are games backed by a blockchain technology algorithm that ensures the games produce random, fair results. The difference between these games and traditional casino games is that the fairness of the games are much more verifiable since the algorithm and its results are stored publicly on the blockchain.

What is the best crypto gambling site online right now?

Our review team found the best crypto gambling site is Lucky Block. The platform has a clean-cut user interface, a sizable game library, and offers table games and sports gambling. It is powered by Telegram which allows for instant and secure playing.

References

• Responsible gaming regulations and statutes guide - AmericanGaming.org
• U.S. most popular cryptocurrency 2021 - 2023 - Statista.org
• Provably Fair Games - Provably.com
• Gambling regulation and the General Data Protection Regulation (GDPR) - GamblingCommission.gov.uk
• Gambling: Government expected to tighten regulation on sector - BBC.co.uk
• Practical Law - ThomsonReuters.com
• Crypto Assets and Cyber Enforcement Actions - SEC.gov
• Sports Betting Market Size, Share & Trends Analysis Report By Platform, By Betting Type (Fixed Odds Wagering, Exchange Betting, Live/In-Play Betting, eSports Betting), By Sports Type, By Region, And Segment Forecasts, 2023 - 2030 - GrandViewResearch.com