Navigating the World of Cryptocurrencies at Online Casinos

With such a huge surge in the popularity of gambling online with cryptos, getting started can seem like a minefield. There are lots of factors to consider before you even think about making that first deposit. And with plenty of top crypto casinos available, which one will suit you best? New sites are popping up continuously, promising better bonuses, more games, and more cryptos to choose from.

 

With all this in mind, it’s important to get the full lowdown on how to make the right choice and to be informed. This is why you’ll find below some top tips directly from the experts.

And whether you are brand new to crypto gambling or an experienced player, you’ll find something useful right here.

Safety Matters

Due to the nature of cryptocurrencies, they can offer more strength when it comes to security. This is down the blockchain technology which backs up each virtual token. But it’s still important to keep your coins and yourself safe whilst playing at online crypto casinos.

 

• Licenses and regulation

Gambling with your crypto at a licensed online casino should be at the top of your priority list. This will ensure that you will always be treated fairly. It also means that if you run into any issues you will be able to seek help from the relevant licensing body.

 

• Online casino security

Online crypto casinos can still be hacked just like those which deal exclusively in fiat money. Thankfully most operate with SSL encryption which guards your data against this. Many of the most popular sites also have 2FA enabled for your logins and transactions. Giving you extra peace of mind that only you can operate your account.

 

• Keeping your crypto secure

Another super important factor is where you will store your cryptocurrencies. Choosing a good cold storage wallet for your larger amounts of coins is the safest way to operate. Whilst downloading an online wallet for your gambling transactions will serve you well. Always be sure to keep your login details safe and never leave your hard wallet laying around.

 

• Using a reputable exchange

It might be tempting to secure a deal with someone from a Bitcoin forum but think twice. It’s always better to stick to a reputable exchange. This way you can safely share your personal and payment details online.

Provably Fair Games

It’s likely you've already seen this term bandied around online casinos. Luckily you don’t need to be a mathematician to understand what it means either. In simple terms, if you play provably fair games you can verify the outcome of your round, yourself. You won’t need to rely on a third-party testing the RNG of a game.

Choosing Your Cryptocurrency

Bitcoin is by far the most popular choice on offer at crypto casinos. But it’s not everyone's bag and the instability it’s encountered might not be up your street. Each crypto has its own features, fees, transaction speeds, and other benefits. So it’s important to choose one that will suit you and also check that the online casino you have in mind supports it.

 

Taking into account your attitude towards risk is also another important factor. As we all know, what goes up must come down and some coins are more stable than others. Don’t forget that some of the most popular crypto online casinos will allow you to make payments in multiple coins. Meaning that you can play with BTC, BCH, LTC, ETH, and DOGE if you prefer.

Understanding Crypto Bonuses

Ah yes, the bright shiny deals and promos that lure us into online casinos. It can be really easy to get distracted by these but it’s important to focus on the Ts and Cs. If you like to convert bonuses to crypto then huge wagering requirements aren’t going to be fun. The same goes for deals with capped wins or those that only let you withdraw a percentage of your bonus conversion.

 

Loyalty and VIP programs offer a super way to earn some freebies whilst you play. But it’s always worth checking how you can qualify for these schemes and whether they will suit you. If you're more of a high roller then will the bonuses and perks be enough to make you feel valued? Is the loyalty program open to all players or does it require a huge amount of wagering first?

How To Choose the Best Crypto Casino

Of course, this all depends on your personal preferences as a gambler but there are some key points to bear in mind.

 

Restricted countries

Whilst many crypto casinos open their virtual doors to the majority of the world, some don’t. Check the Terms or have a quick chat with customer support before signing up, if you're not sure. Don’t run the risk of potentially having your winnings confiscated and your account shut down.

 

Payment terms

How many confirmations will your deposits require and how fast will your cash outs be? This is crucial information when navigating cryptos at online casinos. It’s also a good idea to check if you’ll be charged fees and verify what the max payout limits are.

 

Game selection

Check that there are enough games to satisfy you, based on your budget and how regularly you’ll play. If you prefer placing big wagers, check that the games on offer support this. Especially when you’re thinking of playing in the live casino. Do new games get added regularly to the lobby to ensure you won’t get bored?

 

Reputation

Unfortunately, there are some unsavory crypto casinos that don’t treat players very well. They might look good but they have a bad reputation when it comes to fairness, payouts, and reliability. It’s at this point that you’ll need to get an expert's opinion on what’s really going on. Thankfully there are sites like GoodLuckMate which make this part of the process easier. Where you can find all the relevant info on reputation, bonuses, accepted cryptos, and games in one handy place.