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A Simple Guide to Blockchain Gambling & Crypto Betting
Gambling with cryptocurrencies has become one of the most accessible ways to both play casino games and wager in sports anywhere in the world.
The Casino Wizard’s team has reviewed over 210 crypto casinos since the site’s launch in 2017, so we’ve decided to write this complete guide to Blockchain gambling to share our knowledge and help improve the crypto gambling journey of both newcomers and veterans.
What is Blockchain Gambling
Blockchain gambling refers to any gambling activity that involves the usage of Blockchain-based cryptocurrency. Most Blockchain gambling sites accept Bitcoin and popular altcoins like Litecoin, Dogecoin, Tether, and Ethereum. You may also find casinos that accept Ripple, Cardano, Solana, Bitcoin Cash, and other cryptos with high trade volume. Some, such as BC.Game, have their own tokens that you can trade.
These are some of the key differences between Blockchain gambling and traditional FIAT-currency gambling:
- More anonymous than traditional gambling.
- Involves not having to pay any fees.
- Withdrawals are often approved instantly.
- Usage of provably fair algorithms to verify game outcomes.
While not all cryptocurrencies operate with Blockchain technology, the vast majority of them do. Some tokes and cryptos use DLTs (Distributed Ledger Technologies, which are tools that store data without the need of the Blockchain) but they aren’t popular. These include HBAR, IOTA, and Ripple’s XRP Ledger.
Is Gambling on the Blockchain Legal?
Unlike FIAT-currency gambling, Blockchain gambling is unregulated in most markets and technically not allowed in countries where online casinos can obtain licenses. Countries with regulated markets like Mexico, the United States, Colombia, Spain and Italy do not allow crypto casinos and therefore Blockchain gambling isn’t technically allowed.
countries with strict online gambling markets.
However, there’s a good reason why blockchain casinos thrive in countries with regulated markets like the US and the UK. These casinos accept players from almost anywhere in the world and require little verifications.
Since Blockchain gambling sites are hosted offshore, they don’t stick to national laws, pay less taxes, offer better casino bonuses (and sometimes better game return rates).
Casino Wizard Tip Types of Blockchain Gambling
Blockchain casinos and gambling sites are designed to provide players with a gambling experience that adapts to their needs. In the beginning, crypto gambling was archaic and unresponsive. Over a decade later, it has become as fluid as FIAT-currency gambling. Some (including some Casino Wizard team members) think that Blockchain gambling is even better than gambling with traditional currencies.
This is what you can do if you plan to partake in Blockchain gambling:
- Virtual casino gambling: slots, blackjack, baccarat, roulette, poker, video poker, dice and many other casino games are widely available in Blockchain gambling sites.
- Live casino gambling: top live studios like Evolution, Pragmatic Play, and more recently Live88 develop games that are crypto-friendly, allowing you to play live casino games with Blockchain currencies.
- Blockchain Sports betting: modern sportsbooks allow people to wager the same currencies that are accepted in Bitcoin casinos. This also includes eSports betting and live betting, as well as future betting and any other sort of sportsbook-related activity.
- P2P Gambling: just like with regular currency, you can use Blockchain-based currencies to place bets against other people and give whoever wins a pre-agreed payout. This is not a mainstream form of Blockchain gambling, but very popular between friends and family.
Pros & Cons of Gambling on the Blockchain
At The Casino Wizard, we’ve been advocating for the popularization of Blockchain gambling for years. Our team is wildly familiar with crypto gambling and most of the top-rated casinos that we’ve reviewed accept cryptocurrencies.
These are the main reasons why we think that Blockchain gambling is superior to traditional online gambling, and a couple of disadvantages that you should be aware of before you decide to spend your crypto here.
Pros
- Accessible from almost anywhere in the world.
- More private and less KYC verifications involved.
- Gives you access to instant withdrawals with no fees.
- Better rewards, including no deposit bonuses, and more games than traditional and regulated casinos.
Cons
- Widlly unregulated.
- Blockchain casinos are known not to offer good Responsible Gambling support.
Popular Blockchain Casino Games
Deciding to partake in Blockchain gambling doesn’t mean compromising access to some of the world’s leading casino games, like it happened when the scene was just starting. Today, software developers make sure that their games can be played with popular cryptos, and online casinos that accept BTC and popular altcoins allow players to try out all their games with any of them.
These are the most common games that you’ll find in casinos that deal with Blockchain currencies.
Blockchain Poker
Although video poker and virtual poker against the house are popular in the Blockchain gambling world, you’ll also find online casinos where you can play against other users. Modern software developers make cryptocurrencies compatible with their poker platforms due to the growing popularity of Blockchain gambling.
Blockchain Crash Games
Crash games, which are commonly found in online casinos of all sorts, originated in the crypto gaming scene. Titles like Aviator (classic Crash), and games like Mines and Plinko were popularized by crypto gamblers and later made it into the mainstream gambling scene. We have a crash gambling guide that you can read if you’re interested in these sorts of games.
Blockchain Dice
What once was the most popular form of crypto gambling is still prevalent in today’s online casinos. Blockchain dice (or Bitcoin Dice) can be found in the “arcade” or “crash” sections of Blockchain casinos across the globe, and it’s one of those games that stand out for their quick payouts, flexible volatility and large payout potential.
Blockchain Slots
The most common types of game found in Blockchain gambling sites are online slots. Leading sites, such as the ones we’re recommending on this page, stand out for their 4,000+ game catalogs, packed both with casino classics and new titles alike.
The Casino Wizard’s Recommended Blockchain Casinos
Like we said in the beginning of this article, we have reviewed dozens of casinos that accept Blockchain-based payment options. Out of all the sites that we’ve reviewed, we’ve given some of them higher ratings than others because of their exceptional offers.
If you’re looking for the best Blockchain casinos, the following are the top five, according to our team.
mBit Casino
mBit Casino has been improving ever since we first reviewed it back in 2020. The platform discloses the RTP of all of its games and delivers bonuses worth more than 1 BTC. That, coupled with its quick withdrawals, makes mBit one of our favorite online casinos of all time.
BitStarz Casino
BitStarz is one of the world’s leading crypto gambling sites, and it lives up to its expectations. The platform’s selection of over 7,000 games, variety of weekly tournaments for low and high rollers, and modern design make it a leading Blockchain gambling site. It accepts over Blockchain-based 500 different cryptocurrencies.
Wild.io Casino
Wild.io accepts payments in cryptocurrencies and FIAT currencies, and stands out for its modern design, quick payouts, loose verification requirements and selection of high-roller-friendly rewards. It’s newer than other casinos that we’ve reviewed, but one of the best crypto platforms that we’ve visited nonetheless.
7Bit Casino
7Bit Casino has become one of our favorite casinos to claim low-deposit and no deposit bonuses. This crypto-only casino is operated by DAMA N.V., a company that owns over 15 crypto casinos and stands out as one of the most reliable Blockchain gambling site operators on the planet.
Coins Game Casino
We first got acquainted with Coins Game Casino when we came across its 150 no deposit free spins, and it’s become one of our favorite Blockchain casinos ever since. The platform boasts a selection of over 5,000 games, offers bonuses with fair terms, and provides players with weekly rewards and reload bonuses.
A Quick Guide on How to Gamble with Blockchain Units
Newcomers may think that starting out in the world of Blockchain gambling can be challenging, but that’s not the case. It’s easier than ever to create an account on a Blockchain gambling site and wager money in seconds.
These are the steps that you’ll have to follow if you want to jump into the action as quickly as possible:
Make sure that you have a crypto wallet and buy your preferred crypto in an exchange of your choice.
Open an account on the Blockchain gambling site of your preference.
Your account will be assigned a crypto wallet. Use it to transfer the money from your own wallet or exchange account to your casino account.
Play your favorite games or wager in sports as you see fit. You can use the crypto in the casino in any way you like to.
Withdraw the cryptocurrency once you’re done playing by selecting the “Withdraw” option and entering your personal crypto wallet address.
Pros & Cons of Gambling on the Blockchain
At The Casino Wizard, we’ve been advocating for the popularization of Blockchain gambling for years. Our team is wildly familiar with crypto gambling and most of the top-rated casinos that we’ve reviewed accept cryptocurrencies.
These are the main reasons why we think that Blockchain gambling is superior to traditional online gambling, and a couple of disadvantages that you should be aware of before you decide to spend your crypto here.
Pros
- Accessible from almost anywhere in the world.
- More private and less KYC verifications involved.
- Gives you access to instant withdrawals with no fees.
- Better rewards, including no deposit bonuses, and more games than traditional and regulated casinos.
Cons
- Widlly unregulated.
- Blockchain casinos are known not to offer good Responsible Gambling support.
What the Future Holds: Blockchain Gambling Advances
We’ve seen Blockchain gambling become more and more relevant with the passing of time, mostly because of how accessible it is to people that live in countries where online gambling is strictly regulated.
Based on what we’ve seen so far, and our experience playing online casino games for well over 20 years, we think that these are the main changes to look forward to in the future. You can compare them to our predictions for the future of gambling to see what we think the next few years hold in store for us.
- Regulation and licensing from trustworthy authorities: we’ve already seen the MGA license some casinos that accept cryptocurrencies, and we expect this trend to continue into the 2030s as crypto becomes more and more mainstream
- More games, better payout systems: we expect the Blockchain gambling scene to continue evolving. More games will become available and better ways to receive your crypto will be created.
- Integration with VR technologies. The evolution of virtual reality is likely going to affect the way we play in crypto casinos. Although VR gambling is still in its infancy, it’s very likely that it’ll become more ingrained in popular culture with the pass of time, and so it will become more relevant in the Blockchain gambling scene.
The future may be uncertain, but one thing’s for sure: Blockchain gambling is not only here to stay, but it’s going to continue evolving and become much more of a dominant force as the years go by.
Stay Safe & Be Responsible when Gambling in the Blockchain
Blockchain gambling requires a lot of self-control and awareness. It's important to do proper research before gambling in online casinos that accept cryptocurrencies: you should only gamble in online sites that are properly licensed and tested by professionals, like us, to ensure that you won't have issues when withdrawing your money.
Follow our Responsible Gambling guidelines and make smart decisions when gambling online.
- A Simple Guide to Blockchain Gambling & Crypto Betting
- What is Blockchain Gambling
- Is Gambling on the Blockchain Legal?
- Types of Blockchain Gambling
- Pros & Cons of Gambling on the Blockchain
- Popular Blockchain Casino Games
- The Casino Wizard’s Recommended Blockchain Casinos
- A Quick Guide on How to Gamble with Blockchain Units
- Pros & Cons of Gambling on the Blockchain
- What the Future Holds: Blockchain Gambling Advances
- Stay Safe & Be Responsible when Gambling in the Blockchain
Frequently asked questions
Legit casino don’t charge fees for crypto deposits or withdrawals. You will need to pay gas fees when transferring crypto, but that’s it.
Yes. Most popular cryptocurrency use blockchain technology, so both concepts reference the same type of gambling.
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