Beginner’s Guide to Gambling With Cryptocurrency

04/01/2021 | Categories: Gambling Guides | Published by: BTCGOSU | Last updated: 01/04/2022

Cryptocurrencies have become an integral part of the online gaming sphere. This is why there are hundreds of online casinos where you can play games with digital currencies such as Bitcoin, Ethereum, and others. This is a guide to crypto gambling with cryptocurrency for beginners.

What is Cryptocurrency?

If you’re searching for how to play games with cryptocurrencies, you must have known what they are, but for the avoidance of doubt, it is essential to explain them briefly.

Digital coins or cryptocurrencies are blockchain-based monetary instruments that can be transferred from one person to another electronically. This peer-to-peer usage is possible through cryptography which makes it impossible for the transactions to be altered.

Furthermore, the blockchain technology on which it is built is resistant to malicious activities because it is decentralized. The so-called distributed ledger technology is protected by different nodes located at different locations and each node has a full copy of the blockchain that is updated daily as transactions go on in it.

The summary is that cryptocurrencies, as a form of computer based-money, are safe to use. This is the reason why casinos are increasingly adopting it for gambling.

Where Can You Get Cryptocurrencies?

There are many places where you can get cryptocurrencies, but the most common source of this virtual money are exchanges. At cryptocurrency exchanges, you can purchase any coin of your choice. It is easier to get the most common ones though. These are the coins that have greater acceptance among coin users. Consequently, they have higher circulation.

The most popular cryptocurrency is Bitcoin. Others that are well-known due to their uses and the community around them are Ethereum, Litecoin, Ripple, Stellar, Tron, Cardano, Monero, Dash, Doge, Zcash, Ethereum Classic, Bitcoin Cash, and many others.

To get some coins, sign up at a cryptocurrency exchange such as Coinbase, Gemini, Binance, and others. You should be able to purchase the coin of your choice with your credit card. The coin would be stored in a wallet in your account. However, if you want full control of your coin, it is a good idea to get a private wallet such as Atomic Wallet or Exodus and send the coins from the exchange wallet in your account to your private wallet downloaded on your device.

What Games Are Available With Crypto?

Most online games that are available to be played with fiat can be played with cryptocurrencies. You just have to find a casino that supports the digital coin that you want to play games with and sign up with them.

Bear in mind that these casinos would likely support the more popular coins than those with lower circulation. So coins like Bitcoin, Ethereum, Tron, and Litecoin would have more use at gaming sites like PIVX or Waves.

Whatever games you have in mind, there would likely be a cryptocurrency casino where you could play the game of your choice. Baccarat, Craps, Poker, Video Poker, Sports Betting, Keno and Scratch Cards games are among popular cryptocurrency games at casinos.

Others are the Lottery, Sic Bo, Hilo, Minesweeper, Plinko, Slots, Rummy, Bingo, general Table Games, and Live Dealer Games. As you can see, you won’t be short of games that you can play with cryptocurrencies.

Advantages of Gambling With Cryptocurrencies

They can be used anonymously, unlike fiat which links a person’s identity to their bank account.
They eliminate the use of middlemen and third parties, thereby reducing the cost of transactions.
Commissions and fees are lower with cryptocurrency casinos.

Disadvantages of Gambling With Crypto

Digital currencies are volatile. Their prices may rise and fall rapidly.
The number of casinos supporting the use of tokens for gaming is still relatively small.

Which Casinos Are Best for Crypto Games?

As a rule, you should play games in cryptocurrency casinos that are already established. This would help you avoid sites that are shady and those that would not pay after you have secured winnings.

The best way to find reliable crypto casinos is through recommendations and reviews. Acquaintances that have used specific casinos may recommend them to you. You Could also search the web for reviews from other users.

We have some very good cryptocurrency casinos that you could use to play some of the most exciting online games. Just follow some of our recommendations.

The features that make good cryptocurrency casinos are:

Ease of Deposits and Withdrawals

A good cryptocurrency casino should be easy to sign up for. Make deposits or withdrawals without the need for extensive documentation. This is in keeping with the anonymizing principles of digital currencies.

Large Library of Games

You should not have issues finding the sort of games that you like. Some casinos have thousands of games in their library. This effectively caters to the taste of all types of players.

User-friendly Interface

Gaming is meant for the users to have fun. This is why online casinos are designed with appealing features and made easy to use for gamers. Games should be easily accessible. Players on the homepage should not be confused on how to use the site to access the games of their choice.

Mobile Friendliness

Being able to play the games of your choice on the move is standard among online casinos. Be sure that any crypto gaming site you use for gaming is mobile-friendly.

Support Service

The customer support must be professional and efficient, else you won’t have issues that you encounter on the site-resolved as quickly as possible. A good support desk should have quick communication tools such as live chat and phone calls.

Quick Sign-Up and User Anonymity

There are many cryptocurrency casinos that would not ask for documentation before using their platform. Email should be enough in signing up. Withdrawals also should be hassle-free also. If you’re concerned with anonymity, be sure to check the casino’s Terms of Service before using it for games.

How Do You Play Games With Cryptocurrencies?

Follow these steps to start playing games with digital currencies.

Choose the crypto casino you prefer and sign up
Make a deposit from your wallet to your account at the casino
Start playing games with the cryptocurrencies in your account

Conclusion

Gambling with cryptocurrencies should be all about entertainment, even though there is the possibility that you would win the jackpot, do not count on it. Use only funds that you can afford to lose when playing games.