Cryptocurrency Betting
Legal Cryptocurrency Betting Having first hit the scene in early 2009, cryptocurrency is still a relatively recent development in the world of exchange and is increasing in popularity, with more vendors adding it as an accepted form of payment each day. Cryptocurrency betting. For more insights, you can read the full review of BetOnline by my fellow CryptoManiak R.R. Betting successfully in sports is cryptocurrency betting basically about understanding the techniques used by bookmakers and learning to overcome and harness them to your advantage. While online betting sites. New safest Trend in Cryptocurrencies betting! The people who are interested in Cryptocurrencies whom we call as enthusiasts try to claim that Bitcoin is impervious and can impact the government policies. While making transactions of cryptocurrencies Blockchain technology can be leveraged to protect the users security and integrity. The explosion of cryptocurrency has wholly modernized and transformed online betting to the point where it is fast becoming the preferred currency of betting. It seems that more and more people are seeking out the use of crypto sports betting sites to have a better and more varied gaming experience.
Cryptocurrency gambling is experiencing widespread adoption and more users are wishing to use it for their online gaming activities. Some sites offer Bitcoin Gambling while others already offer deposits and withdrawals in various cryptocurrencies and this is something that will continue into 2021.
It’s no longer enough to just offerBitcointransactions on your iGaming site. Some users may want the choice to switch to fiat as well and you should provide the execution of transactions in a variety of different coins such as:
- Etherum
- Litecoin
- Monero
- DASH
- Bitcoin Cash.
Cryptocurrency was once a niche market but it is now widely accepted and adopted. You can be paid in crypto, buy a house with crypto, do your weekly shop with crypto, and of course gamble with crypto. This application of the technology on everyday activities has led to peoples perception of it improving. It is now recognised as something with value, benefits, and that is secure and trustworthy. Incorporating crypto payments into your site is a must, read on to learn why…
The expected rise of Cryptocurrency Gambling
Those that have been seeking a greater level of privacy in their financial transactions have been increasingly drawn to cryptocurrency gambling due to its decentralized nature. Virtual currencies such as Bitcoin, Monero, Ether and various other cryptocurrencies have become increasingly more popular, particularly in the online gambling sector.
As we move into 2021, both players and operators are becoming more aware of the benefits of cryptocurrency gambling. Bitcoin Gambling Casinos and Sports betting platforms which accept crypto payments are successfully using it as a selling point and growing their client base. Additionally, other platforms and startups will show a willingness to adopt cryptocurrency as a valid form of payment.
The increase in its popularity and adoption is due to several factors that are particularly beneficial to the online gambling market. Benefits such as instant transactions, low fees, and anonymity all play a part in the way it is continuing to successfully infiltrate iGaming. This, in turn, is likely to contribute to an increase in players that are drawn to Bitcoin gambling, resulting in an increase in revenue across the board.
Benefits of Cryptocurrency gambling
Cryptocurrency and Bitcoin gambling i
Cost-Efficiency and Low Transaction Fees
From an online gaming license holders point of view, providing crypto payments on your online gambling site also has many benefits. Merchants can often negotiate better rates for conventional payments but still, a big chunk of income is lost on paying fees to payment service providers. But with cryptocurrency payments, things are rather different. Some of the leading crypto payment gateways charge as little as 0.5% which is significantly less than fiat currency competitors. By providing for crypto payments on your site, you can funnel a large percentage of your revenue through a payment method that saves you a fortune on processing fees.
Instant and Borderless transactions
Chances are, your customers will not all be located in one country. Therefore, offering cryptocurrency payments means that your international client base can enjoy instant cross-border payments and transactions. The transaction is completed in a matter of seconds and it’s secure, immutable, and private. The best thing is that even those without a bank account or credit/debit card can send crypto paymentsmaking online purchasing and playing accessible for all.
When you transact in cryptocurrency, you don’t have to wait for it to be processed or clear and you certainly don’t have to pay international fees. Anyone with an internet connection can send a cryptocurrency transactionwhen they want, to whom they want, and for how much they want.
Privacy & Transparency on Cryptocurrency and Bitcoin Gambling
Cryptocurrency transactions all take place on the blockchain– a decentralised ledger that is completely immutable. This means that once a transaction is made, it is permanent and cannot be reversed, edited, deleted, or otherwise tampered with.
This means that the risk of fraud, identity theft and counterfeit payments are significantly reduced. Crypto payments provide both online gaming license holders and players with an extra layer of security.
No chargebacks on Crypto Payments
Businesses bear a lot of losses from chargebacks. This is where a customer makes a card payment, receives the item, and then reports the charge as fraudulent to get it refunded. There are
New technology savvy generations
The market is particularly popular with Millenials whose spending power is increasing as they progress through their thirties. Cryptocurrency payment facilities will allow you to share this forward-thinking and progressive group of consumers and entice them to use your services. Integration of cryptocurrency in your business is a smart move for those looking to engage this market.
Considering all of the benefits above, we can expect to see a significant increase in the number of crypto payments, particularly in the gaming sector, over the next few years. As far back as 2013, Bitcoin gambling transactions accounted for as much as 50% of all Bitcoin transactions. Bitcoins popularity has significantly increased since then. These figures show that incorporating cryptocurrency into any iGaming platform is no longer an option, it’s a necessity.
The cryptocurrency was once a niche market but it is now widely accepted and adopted. You can be paid in crypto, buy a house with crypto, do your weekly shop with crypto, and of course gamble with crypto. This application of the technology on everyday activities has led to peoples perception of it improving. It is now recognised as something with value, benefits, and that is secure and trustworthy.
But it’s no longer enough to just offer Bitcoin transactions on your iGaming site. You need to provide the execution of transactions in a variety of different coins including Etherum, Litecoin, Monero, DASH and Bitcoin Cash.
World’s Finest Crypto Jurisdictions for Cryptocurrency Gambling
When it comes to cryptocurrency gambling, there are two kinds of jurisdiction. The first are those that have created a legal framework to nurture and develop the industry, and those that haven’t. Some operators choose to work in jurisdictions that don’t have the necessary frameworks in place but this is something of a grey area. It can lead to issues with third parties, advertisers, software companies, and banks, as well as potential issues with the authorities.
Fast Offshore recommends only working in reputable jurisdictions that have an adequate structure in place to regulate and oversee the industry. Doing so helps you boost your credibility and stay on the right side of the law. Our top four crypto jurisdictions for gaming are:
Curacao
Curacao is a prime jurisdiction for gaming and crypto gaming startups. They have been in the iGaming business since the mid-’90s and offer one of the most cost-efficient, quick, and simple licensing processes around. In addition to that, they are crypto-friendly and those with a Curacao gaming license are welcome to offer transactions in a range of cryptocurrencies and virtual coins.
Those that opt for a Curacao license for their crypto gaming company can enjoy 0% tax and VAT, quick and straight forward licensing, and a simple setup process with minimal red tape and bureaucracy.
We tend to recommend Curacao as the perfect jurisdiction for startup crypto gaming companies. The low costs involved in the process in-country means they can prove their concept and get the company in good financial shape before seeking to license in another jurisdiction.
Kahnawake
Cryptocurrency Betting Exchange
Kahnawake’s online gambling license comes with a solid reputation. The Gaming Commission is known for its zero-tolerance approach to violations of fair play, underage gaming, or any criminal activity. As such, a license from them carries weight when it comes to negotiating with third parties or setting up bank accounts. They are also welcoming to online gambling companies that want to offer cryptocurrency payments.
The setup costs more than Curacao but significantly less than Malta, ongoing fees are affordable as well. In terms of timescale, everything can be done within a few months. While there is more paperwork to get through when compared to Curacao, there is less than in Malta or other crypto jurisdictions.
Those acquiring a Kahnawake crypto gaming license can enjoy 0% tax rates in Kahnawake as well, meaning there is more liquidity for expanding the business going forward.
Malta
Recently, the Maltese government has taken steps to incorporate crypto into the market. They became the first country in the world to create a comprehensive legal framework for cryptocurrency, blockchain, and virtual assets. Nicknamed “The Blockchain Island”, Malta is home to blockchain startups, crypto exchanges, and several gaming companies that offer transactions in a variety of cryptocurrencies.
The Malta Gaming Authority is by far the most reputable in the world and the license comes with a hefty price tag. But for those with the capital to invest, or established iGaming companies, it is a solid option. The Maltese government is extremely ‘pro-business’ in their approach and there are a wealth of benefits to operating a Maltese crypto gambling company. These include some of the lowest effective corporate tax rates in the EU and access to a highly-skilled, English speaking workforce.
Costa Rica
The Central American country of Costa Rica does not offer an online gambling license. Companies are allowed to incorporate a company where the purpose is online crypto gambling and they are then allowed to conduct activities from Costa Rica. In terms of cryptocurrency, the Costa Rican government is very pro-crypto and supports the growth and development of the industry. Again, they take a somewhat hands-off approach which is great for startups that are finding their feet.
Incorporating a crypto gaming company in Costa Rica does come with some challenges. There may be difficulties. Likely, you won’t be able to get a conventional bank account, which is ok if you solely want to transact in crypto. We recommend launching your platform in Costa Rica, ironing out any issues, honing your offering and then going for licensing elsewhere.
Questions about Cryptocurrency Gambling? Contact Fast Offshore
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The rapid rise of cryptocurrencies such as Bitcoin and other digital coins has been nothing short of astonishing. Cryptocurrency has affected all kinds of industries, including online gambling.
Using cryptocurrencies to gamble online has become increasingly popular, especially in the US. You can bet with Bitcoin, play casino games with Ethereum, and more.We’re going to guide you through gambling online with cryptocurrency, starting with our list of the best crypto gambling sites for 2021.
| Rank | DE Gambling Site | Exclusive Bonus | Products | Get Started | |
|---|---|---|---|---|---|
| #1 | Betway | 100% Up To€250 |
| Visit Site | Betway |
| #2 | Europa Casino | 200% Up To€500 |
| Visit Site | Europa Casino |
| #3 | Jackpot City Casino | 100% Up To€400 |
| Visit Site | Jackpot City Casino |
| #4 | 22Bet | 100% Up To€300 |
| Visit Site | 22Bet |
| #5 | Spin Casino | 100% Up To€400 |
| Visit Site | Spin Casino |
Our top-rated gambling sites accepting cryptocurrency are safe to use, and they offer excellent value and quality products.
Most of them work with more than just Bitcoin, so you can use various cryptos for real money gambling.
They all rate highly in a number of key areas, such as the bonuses and promotions they offer, mobile compatibility, and customer support.
We explain more about the cryptocurrency gambling websites we recommend further down this page, and provide plenty more information and advice.
Here’s what you’ll find in this guide to online gambling with cryptocurrencies.
One of the most popular ways to gamble online with cryptocurrency is to bet on sports.
The following online sportsbooks are the top crypto betting sites we recommend.
| Betting Site | Accepted Crypto | Welcome Bonus | More Information |
| Bovada | Bitcoin, Bitcoin Cash | $750 | Bovada Review |
| MyBookie | Bitcoin, Bitcoin Cash, Litecoin, Ripple, Ethereum | $1,000 | MyBookie Review |
| BetOnline | Bitcoin, Bitcoin Cash, Litecoin, Ripple, Ethereum | $1,000 | BetOnline Review |
| BetNow | Bitcoin, Bitcoin Cash | $1,000 | BetNow Review |
| BetUS | Bitcoin, Bitcoin Cash, Litecoin, Ethereum | $5,000 | BetUS Review |
These sports gambling sites not only accept cryptocurrency, they offer a host of other benefits, too.
Here are just a few of them.
- Large bonuses for betting with crypto online
- Fast payments for cryptocurrency withdrawals
- Excellent range of sports and betting options
- Competitive odds and lines
- Mobile betting via crypto gambling apps
It’s not just sports you can bet on either. You’ll find all kinds of other betting markets at these cryptocurrency online gambling sites.
You can wager real money on political events, esports, reality TV shows, and much more. You’ll never be short of something to bet on, whatever the time of year.
If you live in the USA, online cryptocurrency casinos are THE best way play casino games for real money. You’ll get bigger and better bonuses than with any other option, and any winnings will be paid out fast.
Here are the best crypto gambling sites for playing casino games.
| Online Casino | Accepted Crypto | Welcome Bonus | More Information |
| Las Atlantis Casino | Bitcoin | $14,000 | Las Atlantis Review |
| Super Slots Casino | Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Stellar, Ripple | $6,000 | Super Slots Review |
| Red Dog Casino | Bitcoin | $12,250 | Red Dog Review |
| Wild Casino | Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Stellar, Ripple | $300 | Wild Casino Review |
| PlayAmo Casino | Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin, Tether | $100 | PlayAmo Review |
All of these cryptocurrency casinos online have a strong variety of games. You’ll be able to play slots, blackjack, roulette, video poker, and many more.
In addition to the great welcome bonuses available, these sites all offer other promotions for casino gambling online with cryptocurrency.
You’ll find reload bonuses, wagering leaderboards, and other promos that can help to boost your profits.
Mobile casino apps are also available at these sites, for those of you that like to play on your phone or tablet.
Let’s take a more detailed at how online crypto gambling works, starting with the different options at your disposal.
Which Cryptos Can You Gamble With?
Most people have heard about Bitcoin by now, and it remains the most popular cryptocurrency by quite some distance. All of the top crypto gambling websites accept BTC.
It’s not your only option, though. Several other cryptocurrencies can be used for real money online gambling.
Here’s what you need to know about Bitcoin and its alternatives.
| Cryptocurrency | Key Details | Year Launched |
| Bitcoin | The biggest and most expensive virtual currency is used widely, not only in crypto gambling online. | 2009 |
| Ethereum | The sophisticated Ethereum blockchain is used by many modern crypto projects and that has helped the coin rise in status. | 2015 |
| Bitcoin Cash | Bitcoin Cash was born after a Bitcoin fork in 2017 and has become very popular since. | 2017 |
| Litecoin | Litecoin was created as a Bitcoin alternative early on and has developed well. | 2011 |
| Stellar | Stellar’s transactions are simpler and faster compared to other coins in the crypto world. | 2014 |
| Ripple | Ripple has been backed by various mainstream financial institutions since its inception. | 2012 |
As not every top crypto gambling site accepts all the different coins, we’ve compiled rankings of the best sites for each of the most popular cryptocurrencies.
Check these out if you want to gamble online with a specific crypto.
- Bitcoin Gambling Sites – Our picks for the best gambling sites accepting Bitcoin.
- Bitcoin Cash Gambling Sites – The top Bitcoin Cash gambling options online.
- Ethereum Gambling Sites – The best sites for gambling with Ethereum.
- Litecoin Gambling Sites – Trusted gambling sites accepting Litecoin.
The whole process of gambling online with cryptocurrencies is fairly simple.
Let’s take a look at all the steps you’ll have to go through.
As you can see, gambling with crypto online is not too complicated and you should be able to get used to it quite fast.
If you do have any issues, all of the top sites and apps for cryptocurrency gambling have customer support staff available. They’re there to help you if you need it.
Now that you know HOW to gamble online with cryptocurrency, the question is SHOULD you?
US gamblers should definitely consider using cryptos for their online betting and gaming. It’s just so much better than the other payment methods using traditional currency.
But it’s not only for those living in the USA. There are some benefits to gambling online with cryptocurrencies that apply wherever you live.
To help you decide if crypto gambling is for you, let’s take a look at the pros and cons.
- Fast payments. Using crypto is one of the fastest ways to withdraw your online gambling profits.
- Low fees. You can enjoy low or no fees at all if you decide to deposit using BTC, ETH, LTC, XRP, or another popular cryptocurrency.
- Flexible limits. The highest and the lowest accepted deposits by most gambling sites and apps are via crypto. You can usually start from the $10-20 and go all the way to thousands of dollars.
- Extra promotions. The costs of operating with crypto are low, so many gambling websites that accept cryptocurrencies encourage their customers to use them by offering extra bonuses and promotions.
- Easy to move your bankroll. Using multiple apps and gambling sites with crypto is much easier because of the fast payouts and the low fees.
The upsides of using Bitcoin and other cryptos to gamble on the internet are clear.
It doesn’t matter what form of gambling you enjoy, or how much you gamble with, there’s a strong case for cryptocurrencies being your best option.
If you gamble for high stakes, it’s almost a no-brainer.
Naturally, there are downsides as well. Before you invest your money in cryptocurrencies and start gambling with them, make sure you’re aware of the drawbacks.
Here are the main ones.
- Volatile price. The price of most cryptocurrencies is jumping around all the time and that affects the value of your coins.
- Managing cryptos can be complicated. Bitcoin and other cryptos have gone a long way in this regard, but they are still not as easy to manage as the traditional currency.
- Risk of hackers. The crypto world is still full of hackers and people who are looking to steal your money. While most wallets and crypto gambling websites have solid measures, there is a risk.
While we feel that that the advantages definitely outweigh the disadvantages, you have to consider the downsides of internet gambling with crypto before getting started.
If you feel comfortable with the potential issues that come from crypto gambling online, remember that you don’t have to dive in with thousands of dollars.
You can start using online gambling sites accepting cryptocurrencies using relatively small amounts of cash.
There are two main types of online gambling sites that work with cryptocurrencies.
- Crypto-only gambling platforms that don’t accept other currencies.
- Traditional gambling websites that have started accepting BTC and other coins at some point.
Both options have their merits, and you’re not limited to one or the other.
We’ll compare the two for you, though, to help you decide which might be better for you.
First in line are the gambling sites that accept cryptocurrencies and nothing else. You can ONLY make deposits and withdrawals using a digital asset like Bitcoin.
This seems restrictive, but actually leads to certain positives.
These online crypto gambling operators usually don’t ask for verification and some won’t even ask for your name.
You can stay private and enjoy poker, cryptocurrency betting, and casino games from many countries that are usually restrictive when it comes to online gambling.
There’s another benefit here, as some of the games have another layer of protection when it comes to fair play.
The so-called “provably fair” approach uses the power of the different blockchains to make sure that the outcomes are truly random and can’t be hacked or manipulated in any way.
On the downside, the quality of crypto-only gambling sites is usually a little lower than the traditional sites.
The number of games at crypto online casinos is limited, there’s not much traffic on the poker tables, and the overall experience is slightly worse.
If you don’t want to try the dedicated sites for crypto gambling on the web, you can always choose more reputable sites and apps that have been around for a while and accept Bitcoin and other cryptocurrencies.
They offer the best of both worlds in many ways, so it’s a sensible decision.
Here are some of our suggestions if that’s your preferred choice.
| Gambling Site | Products | Year Established |
| BetOnline | Casino, Sportsbook, Poker, Racebook, Live Casino | 2004 |
| Las Atlantis | Casino, Live Casino | 2020 |
| Bovada | Casino, Live Casino, Sportsbook, Racebook, Poker | 2011 |
| MyBookie | Casino, Live Casino, Sportsbook, Racebook | 2014 |
| Super Slots | Casino, Live Casino | 1998 |
Cryptocurrency Betting Coins
As you can see, the top online gambling sites accepting cryptocurrency have been around for years.
The betting sites and online casinos listed here are some of the very best around, period. We recommend them whether you want to gamble with cryptocurrency OR traditional currency.
Before you start using gambling websites accepting crypto, we have some tips you should read.
These will help improve your cryptocurrency online gambling experience, and even increase your chances of winning money.
Stick to the Most Popular Coins
There are so many cryptocurrencies out there nowadays that can be confusing.
The best cryptocurrency gambling sites are adding more and more of them to their platforms, but we recommend sticking to the mainstream options like Bitcoin, Ethereum, and Bitcoin Cash.
Here are the main reasons why they are the best choice for gambling online with crypto.
- Higher volumes – You can exchange your crypto for fiat faster.
- More wallets work with them – Pretty much every crypto wallet works with the likes of Bitcoin and Ethereum, so you can find a suitable one with ease.
- Lower chance of extension – We’ve seen some cryptocurrencies go to zero. The danger is much lower if you pick one that has been around for longer.
- Better security – The mainstream wallets have proven that they are safe if you follow basic guidelines.
- Accepted everywhere – The more popular a cryptocurrency is, the more gambling sites on the internet will accept.
You can always try your luck with smaller coins, but we really don’t advise it.
One of the biggest problems with online crypto gambling is that the price of most currencies is very volatile. You might withdraw some cash and lose a lot of value if the rate is currently down.
There’s a relatively simple way to mitigate the risks by keeping most of your bankroll outside of the crypto online gambling sites and in a stable coin.
Most wallets offer some sort of solution that will allow you to maintain the value of your money.
Be Extra Careful With Security
We already mentioned how one of the downsides of gambling with crypto on the internet is the large number of threats.
You should stay extra careful and follow all best practices for protecting your money, such as the following.
- Use secure passwords
- Don’t share your credentials with anyone
- Don’t log in from unknown networks
- Don’t open shady links or download suspicious files
- Use two-factor authentication whenever possible
- Keep your mobile device logged out of cryptocurrency gambling apps when you’re not using them.
Simply put, you should use your common sense and take advantage of all security measures at your disposal when you gamble with crypto online.
Don’t put yourself at any more risk than is necessary.
Keep Your Eyes Open for Special Offers
Most crypto online gambling sites love it when their customers use Bitcoin, Ethereum, and similar options. This is because the transaction costs these sites incur are lower.
As such, they often actively promote cryptocurrencies by adding cashback, bonuses, and other promos. Whether you’re sports betting with cryptocurrency or playing casino games with crypto, there’ll be some appealing offers.
You should regularly check the promotions page of the crypto gambling websites you use and your email, so you don’t miss out on good opportunities for extra value.
You now know all about online cryptocurrency gambling. We hope you found our guide useful. If you’re ready to get started, make sure you join one our top-rated gambling sites accepting cryptocurrencies.
Some of you might still have questions about digital currency in general. That’s normal if you have just discovered the world of Bitcoin, Ethereum, and other cryptocurrencies.
The following pages provide more information, so go ahead and check them out.