Crypto casinos are the latest technological advancement in online gambling, and especially in India. Since crypto casinos make use of cryptocoins – the money of the internet – in this Bitcoin casino review we’ll be inspecting how they’re different from regular casinos and how to get the best ones.
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What are Crypto Casinos?
Cryptocoin casinos make use of crypto wallets and their cryptocurrencies to make deposits and withdrawals. In some cases, you can play games directly with these cryptocoins; in others, you’ll need to convert to a fiat currency.
Crypto casinos are growing in popularity directly alongside the rise of cryptocurrency as a means of exchange. This is because it provides a lot of freedom never before seen from any kind of money. The characteristics of cryptocoins as a game-changer can be found in crypto casinos as well, in the following ways:
Cryptocurrency is a very transparent technology, with every transaction visible for all to see. This is because it uses a decentralised ledger without the interference of a central governing body like the bank, government and any other middlemen. Despite this transparency, it is also very private. Odd as that sounds, when you make transactions at cryptocoin casinos, none of your personal info is linked to any of the transactions. This means that your personal identity is always safe and is proof of just how anonymous crypto casinos are.
This safety also extends to securing your crypto wallet or transactions from being hijacked by hackers. This is because the blockchain that defines most cryptocurrencies is secured with cryptographic technologies. These include Hashing and Digital Signatures for secure transactions and recognisable but anonymous user verification.
Bitcoin transactions, for instance, use the SHA-256 hash algorithm that randomly generates unique numbers to verify each transaction. A hacker would have to consume a lot of CPU power and override the blockchain itself to copy your transactions. This is highly unlikely, and it just goes to prove how secure crypto gambling sites are.
Depositing or withdrawing funds at casinos that accept cryptocurrency is always cheaper than other casinos accepting only regular currency banking methods. This is simply because cryptocurrency as a technology is built entirely on the premise of decentralisation.
Each transaction is facilitated by the power of a network of computers including yours that are referred to as “nodes.” Each transaction is also documented on a decentralised ledger and since there are no middlemen, there’s no need for fees! Tokens for transactions are instead paid to miners who run computer calculations to generate new coins. These tokens are quite low.
The advantages of not having middlemen doesn’t stop at just fees but also affects speed as well. How, you ask? Well, like we explained earlier, the blockchain is powered and run by several computers like yours all around the world. This massive computing power drives the network to complete fast withdrawals of huge amounts in minutes or seconds. The best crypto casinos make sure that their users enjoy this feature.
Is it Legal to Play at a Cryptocoin Casino?
New crypto casinos are popping up everyday around the globe. However, in recent times, many gamblers still want to know, “are crypto casinos legit”? Well, let’s break it down now, shall we? First of all, you should know that any casino that you play at should be licensed by a recognised governing body.
The issue most governments seem to have with cryptocurrency is that they feel it is easily used for criminal activities. However, a licensed and regulated casino eliminates such fears. Once you cross this step using crypto wallets for transactions is easy. This is because, in the best crypto casinos you can easily convert your cryptocoin to a local currency while playing.
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How to Choose the Best Crypto Online Casino
There will always be disagreements on which online cryptocoin casino site is the best, or which is even good enough. So, how can you know which to gamble at? Let us find out.
It’s obvious why this is the first thing we talk about. If the crypto casinos are not licensed in your gambling jurisdiction, then it is a big NO. Besides being a sort of safe haven for you to enjoy using crypto, a licensed casino means that you have your winnings secure and that the games are fair. Top licenses include those from the Malta Gambling Authority, Government of Gibraltar, UK Gambling Commission and more.
It’s all for the games, isn’t it? The reason we’re currently explaining to you why cryptocoin casinos are great for you, is because you want to play games with them, and make some money in the process. So if you’re going to select the best crypto casino today, it must have a large and varied gaming catalogue.
You should be able to play at crypto slot machines that range a variety of themes, with high RTP and variance that matches your preference. However, you should also have plenty of table games available, including Indian favourites like Teen Patti and Andar Bahar, as well as casino classics like roulette and blackjack.
The response of a casino to the complaints of its users is very important. You need to be sure that your casino will not leave your questions unanswered when the time comes. You should always take out time to check out what other users say, since it’s your money at stake after all.
As we have explained earlier, you may convert your cryptocoin to your local currency when you get to play. It is therefore a wise move to find a cryptocurrency casino that has other payment solutions that are safe, convenient and low-cost. Examples include debit and credit cards like Visa, Mastercard and Maestro, e-wallets like Paypal or Skrill, prepaid cards including Astropay, as well as local pay-by-phone options like PhonePe and Paytm.
Every online casino today, including cryptocoin casinos, offers some form of reward for joining or for continuing to play at their casino. However, wagering requirements guide how you can use them. Therefore, you should always read the wagering requirements and terms and conditions for any single promotion offer that you come across. Let’s look at some of the most common casino bonuses that you’ll encounter online.
1.Crypto Welcome Bonus
This is the type of bonus that you’ll get for joining a casino. It may be a deposit bonus that multiplies your initial deposit(s) by a certain percentage up to a certain amount. This type of welcome bonuses usually come with free spins to play crypto slot machines.
2.Crypto No Deposit Bonus
Crypto casinos’ no deposit bonus is another type of welcome bonus that you can get. Unlike the deposit bonus, the no deposit bonus is free once you sign up and does not require that you make a deposit to claim it. But the best no deposit crypto casinos set themselves apart from the rest by attaching favourable wagering requirements and withdrawal limits to the offer.
3.Bitcoin Casino Free Spins
Whether you’re playing slots on your PC or at a mobile bitcoin casino, there are several ways you can get free spins. One way is to get it together with a deposit bonus and another is when the casino gives it to you as a no deposit bonus. Whichever way you get the bonus offer, you must check to find out the terms and conditions attached to winning with the free spins.
4.Crypto Loyalty Programs
When it comes to getting rewards for your continuity at a particular casino, you should always check out the VIP and loyalty programs. Crypto casinos loyalty programs keep track of the deposits and bets you make with a point rewarding system. These points that you gather eventually move you up the different tiers of the loyalty program and give you rewards like better bonus percentages and bigger withdrawal limits.
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Pros & Cons of Casinos That Accept Cryptocurrency
Like all other currencies, there are advantages and disadvantages to using crypto casinos. Knowing what these are can help you make a more informed decision and ensure that you and your money are safe.
- Transactions are as secure as can possibly be
- You are assured of low fees on your withdrawals with cryptocoin casinos
- Crypto transactions are transparent and unchangeable
- Deposits and withdrawals at casinos that accept cryptocurrency are fast
- Your winnings can get bigger without even playing due to the profitable rises in a lot of cryptocoins over time like in Bitcoin and Ethereum, for example
- The value of cryptocoins over time is quite volatile for exchange with real currency
- Cryptocurrencies are not yet fully integrated into many other sectors of society and global economy
Guide on How to Register at Online Crypto Casinos
Before you can make deposits and play games at a crypto casino, you should know what it takes to register. And to be honest, it’s not different from a regular online casino. Here’s how to register at a cryptocurrency casino in 3 steps:
- Click the “register” or “sign up” button after selecting your choice from our list of recommended casinos.
- Fill in your personal info and contact details as requested and hit the “submit” button.
- Confirm your identity either through a code by phone, or a link by email.
How to Deposit and Withdraw at Crypto Casinos
Now that you’ve registered, you should know how to make transactions with your cryptocoin. Let us look at the ways that you can deposit or cash out money at an online cryptocoin casino.
You can make secure, fast and cheap deposits at a bitcoin casino or any other crypto casino in 7 simple steps:
- Create a crypto wallet.
- Fund it with cash.
- Head over to your casino.
- Select your preferred cryptocurrency as the deposit option.
- Indicate the amount you want to deposit.
- Fill in your wallet address.
- Your casino amount will be credited within seconds or minutes.
You can make use of platforms like Oobit to find your wallet with your credit card, and in turn, easily find your cryptocoin casino account.
While preparing for deposits – you already set up your bitcoin wallet. So, with withdrawals, it is far easier. In fact, it’s as easy as 1-2-3.
- Head over to the cashier for a withdrawal.
- Select the amount you want to withdraw.
- Fill in your wallet address, and then your crypto wallet will be credited within minutes.
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Cryptocurrencies When Playing at Crypto Casino
So, we’ve been talking about the nature of cryptocoin casinos and how they benefit you. Let us now take a look at examples of some popular crypto coins to see how useful they are.
This is by far the most popular, the most valuable and the most used cryptocurrency of all. It’s no surprise since it is the first successful application of decentralised and cryptographic money. In Bitcoin casinos, it is very easy and fast due to its popularity and large node network.
Ethereum is the second most valuable and most used crypto wallet out there. Its cryptocurrency is called ether. It is also a decentralised blockchain, but it builds on bitcoin. One of such extra features is the smart contract, which enables automatic payments immediately after the terms of a deal are fulfilled. This feels like a useful feature in Ethereum casinos.
People have a lot of fun with Dogecoin memes online, almost to the point of not considering that it has real value. However, dogecoin is a truly valuable decentralised coin with transaction fees that are lower than the already low ones charged on Bitcoin. This is very useful in Dogecoin casinos.
Best Crypto Wallets When Gamble on a Crypto Casino
There are several crypto wallets that you can use at casinos to gamble with popular cryptocurrencies. These crypto wallets make peer-to-peer transactions easy between you, your casino and other members of the cryptocurrency community.
And what’s great about them is that you can handle several of your crytpocoins on one platform at once. We have already talked about the usefulness of Oobit as a crypto wallet for casinos.
But there are also others like Coinspaid, which is ideal for casino payments, Mycelium, which caters to mobile users, and Coinbase – the world’s largest crypto trading platform.
These are all “hot wallets”, which means they are always connected to the internet. However, “cold wallets”, such as Ledger and Trezor, store your coins on physical hardware and do not need to be connected to the internet. This gives you extra security at your cryptocurrency casinos, as your coins are not digitally vulnerable. However, cold wallets are not as fast as hot wallets. Some of the best physical wallets include.
Best Crypto Casinos for Indian Players
Like many other countries, authorities in India have tried to control cryptocurrency. The most notable is the attempt by the Reserve Bank of India (RBI) to regulate it in 2018. And despite the Supreme Court overturning the ban in 2020, rumours have it that a government ban on crypto is imminent again. This time, in favor of a digital currency from the RBI.
However, it has not proven successful yet. So, selecting the best Indian crypto casinos is purely based on other features like licensing, bonuses and games. You could do a quick Google search to see the best crypto casinos Reddit users are into, and you’d learn a lot. Or you could just save time and effort by checking out our carefully curated list of the 5 best crypto casinos in India.
This is a truly futuristic casino as its website is filled with so much technological creativity. First of all, the casino uses only crypto banking methods. As if that level of transparency is not enough, the Return to Player percentages (RTP) for games is calculated in real time as every gamer plays, to show the latest returns of all the games.
BitStarz is one of the most recognisable names in the crypto gambling space. This is because of their swift deposits and withdrawals which stay true to the nature of cryptocoin transactions. But perhaps their most attractive characteristic is their promotions page which is filled with all kinds of welcome, weekly and reload bonuses.
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This is perhaps the most popular Indian crypto online casino. 10Cric is a merger of sports betting and casino games under one top-quality roof. It covers all the important IPL cricket league games that you may want to quickly wager on if you’re not playing at the casino. Besides cricket betting, 10cric is stacked with all sorts of slots and table games for your gaming pleasure.
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7Bit Casino is among the top crypto casinos worldwide, alongside the likes of BitStarz. 7Bit Casino has generous bonus offers, a large amount of the best software providers and fair casino games. The streamlined crypto banking options in this casino makes this already appealing casino into one of the best on the Indian market today.
This is one of our favourites just because of how beautiful the site is. There are also several high roller games and live casino games by Evolution Gaming to hopefully make you some cool cash on live dealer games. It’s very easy to sign up and get started at this casino – just hit the play button and follow our simple steps guide.
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Crypto Casinos Conclusion
The appeal of crypto casinos is very strong. The worth given to cryptocoins by the computing power of many computers makes the technology an unstoppable train. Also, the ease and value of each transaction relative to other banking methods is rather impressive.
All these factors help dispel any fear of crypto casinos losing their value in the future. And you too can explore this new financial frontier when you hear over to any of our recommended crypto casinos and begin playing your favourite games.
1. Are crypto casinos legal?
Yes, they are. You just have to make sure that the cryptocoin casino you choose is licensed in your area, and that gambling as a whole is also not illegal.
2. What is the most legit online crypto casino?
There’s no such thing as “the most legit crypto casino.” You just have to make sure that your choice is licensed and has all the features of a good casino. Look through our article and you’ll surely find one that suits your needs from amongst our recommended casinos.
3. Where can I gamble with Bitcoins?
There are several crypto online casinos that you can play at that will accept Bitcoin and also accept the Indian Rupee (INR) as an alternative currency in its other banking methods. You can check them all out among our recommended casinos and see which one is best for you.
4. What is the best cryptocurrency casino in India?
You can find several great bitcoin casinos in our list of recommended casinos. However, the casino that is best for you, is left for you to decide based on how well the features suit you.
5. What is a crypto casino no deposit bonus?
This is a bonus offer that you get for free upon signing up. You do not need to make a deposit, unlike in a match bonus, before you can claim a crypto no deposit casino bonus.
6. How do I deposit with Bitcoin at a Bitcoin Casino?
It’s simple – get a bitcoin wallet and fund it, head over to your casino, select the amount you want in your account, input your wallet address and watch your funds move in at lightning speed.
7. Does crypto casinos have customer support?
Yes, a good crypto casino is sure to have customer support. This is important and it is wise if you do your research on the customer support of your preferred cryptocoin casino.
8. Do crypto casinos have transaction fees?
Yes, because you’re going to be charged a really small sum by the network to compensate the nodes that have made your transaction successful. In the long run, since it benefits the blockchain network as a whole, the fee is useful for cryptocurrencies at large and for you as well.
9. Are crypto casinos secure?
Absolutely! Security is one of the keynotes of the blockchain. It is definitely the most secure banking method out there.