Top Gambling Sites Accepting Cryptocurrency in 2020
Are your brand-new cryptocurrencies burning a hole in your ePocket? Look no further; we have for you a list of the best online gambling sites that are now accepting cryptocurrencies.
We’ve compiled this list of top cryptocurrency gambling sites in the hopes that you will find a place to spend your shiny new cryptocurrencies and maybe win some more money to invest in your favorite coins.
You may be wondering why we have chosen these sites specifically and if there is a criterion or specific method for choosing sites like these. We choose our sites based on their reputability, history with past or existing customers, and their overall trustworthiness.
Because of the unregulated nature of cryptocurrency and the fact that isn’t accepted everywhere, it can be hard to find places to spend it when you feel the urge. There are some online stores that accept certain cryptocurrencies like Bitcoin, Litecoin, and Ethereum as a form of payment, but they can be few and far between.
Wouldn’t you rather use them in a place that gives you the chance to win some more money?
Gambling online with cryptocurrency can be stressful, especially because a lot of the newer sites that enter the scene seemingly overnight have the potential to be scamming you. Sadly, there are sites out there that will try to steal your entire online wallet full of the cryptocurrencies you’ve bought and collected.
Fear not, though, as we have chosen these sites to help you take the stress and guesswork out of choosing where to entrust your money and information. You can bet and play at any of our recommended sites without having to worry too much about your safety.
The above sites are not the only cryptocurrency gambling sites we recommend, either. In the interests of making sure you use the most suitable sites possible, we’ve also ranked the top sites for a few specific currencies. You can see these rankings on the following pages.
Cryptocurrencies are a digital and intangible form of currency. The most well-known of the bunch is called Bitcoin, but there are dozens of different types of cryptocurrencies or coins out there.
The appeal of cryptocurrency is that it is not controlled by a central authority, like a bank, so you have more control over your money. It’s also not trackable by the government, though this is beginning to change as the use of cryptocurrencies has become more popularized.
It’s also said to be more secure because all transactions are validated through what’s called the blockchain.
What Is the Blockchain?
The blockchain is a record of all transactions made in a given time period, listed in chronological order. It makes wallets and personal information more secure from hacking and theft and helps combat scams like double-spending.
Double-spending is a fraudulent technique that basically means the person committing the fraud is trying to spend the same amount of cryptocurrency twice, and the transactions have to be done in quick succession.
Say Jack has one Bitcoin in his wallet. He purchases something from Jill in exchange for one Bitcoin, but he also wants to buy something from John for one Bitcoin, so he quickly sends one Bitcoin to John before his transaction with Jill clears.
Remember, Jack only had one Bitcoin in his account to begin with. This is the essence of double-spending. Jack is getting more than what he paid for. But the blockchain’s setup works to prevent fraudulent tactics such as these through separate validation.
Don’t worry if this seems confusing or hard to understand. You really don’t need to understand all the technical stuff behind cryptocurrencies to enjoy gambling with them. If you’d like to learn more, however, you can check out the following page.
In most cases, you would purchase your cryptocurrency of choice at what’s called an exchange.
An exchange is basically an online marketplace for buying, selling, and trading cryptocurrency. After you’ve purchased your coin of choice, it is put into your online wallet. This wallet is where all of your different cryptocurrencies are stored.
Your wallet is kind of like a bank account. When you make a purchase with your cryptocurrency or use it in an online casino, you will provide your wallet’s ID number in order to complete the purchase.
Cryptocurrencies are infamously volatile, meaning that their price and value change multiple times a day, sometimes drastically. Because of that volatility, it can be a risky investment for anyone.
Although there are several advantages to owning and using cryptocurrency, it is important that you understand the risks involved. Any cryptocurrency you own could go up in value, but it also could go down.
Of course, it’s the same with most other investments. And there are risks involved in gambling, too, which is perhaps one reason why cryptocurrencies have become so popular among those who gamble online.
Online Gambling with Cryptocurrency
As cryptocurrencies continue to rise in popularity, many online gambling sites have worked hard to accommodate this new type of payment and betting method. Now, any online gambling activity you have enjoyed in the past without using cryptocurrency can be enjoyed using cryptocurrency as your betting method.
Not all activities can be found on the same sites, though.
Some sites that accept the cryptocurrency of your choice may only offer sports betting. Others may only offer casino games. This may be slightly inconvenient for those who enjoy an array of gambling activities and games and would like to continue to enjoy them with the same ease and convenience that they are used to.
The good news is that there are some sites that DO offer an “all-in-one” gambling experience. These are typically the sites we choose to recommend, although not exclusively.
If you’ve spent time previously combing the long list of available online gambling sites to find one that meets your needs and is safe, trustworthy, and reputable, you’ll know how much of a pain that can be. That’s precisely why we’ve put together our list of recommendations above.
We’ll talk a little more about these recommendations and why we’ve chosen them later. There are a few key points we should make first, though.
Online gambling with cryptocurrency is just as easy as using traditional currencies
Using cryptocurrency is an especially good option for American gamblers, who may have issues with getting online gambling transactions approved by their banks
Withdrawing from gambling sites in cryptocurrency typically results in you receiving funds more quickly than the alternatives
These are among the primary reasons you should consider using cryptocurrency for your online gambling. Provably fair gambling is another good reason, which is another topic we’ll get to later.
First, we should explain the different types of cryptocurrency gambling sites.
Types of Cryptocurrency Gambling Sites
There are two different options for you if you want to gamble online using your cryptocurrency of choice.
You can go with cryptocurrency-only sites, which are usually in their infancy and have less of an established history, or you can go with pre-established sites you may already know and love that have added cryptocurrencies like Bitcoin as a method of payment.
These sites are in their infancy and therefore are more of a risk. There is not a very long list of proven safe and reputable sites of this nature, so it’s important that you use caution and take the extra time and extra steps to ensure that your money and information are as safe as they can be.
The cryptocurrency-only setup, as the name suggests, deals only in cryptocurrency. Your bets and payouts are both going to be in whichever types of coin or cryptocurrencies the site hosts. This setup is very convenient for avid and frequent users of cryptocurrency, as you do not have to take the extra time or effort to transfer your winnings back into your chosen coin.
But again, these sites are in their infancies and may not have the experience and capability of dealing with high-volume patronage, making the site susceptible to sudden shutdowns or crashes.
There are some exceptions, though, and we do consider cryptocurrency-only sites when it comes to compiling our recommendations.
Established Sites Accepting Cryptocurrency
A better option for those who are not as serious about cryptocurrencies but still would like to use them to gamble or bet are established sites that have added cryptocurrencies as a payment option.
If you have been gambling or betting online for a while and have a site that you know, love, and trust, making the switch to a different site just to use cryptocurrency is not ideal or convenient.
But luckily, some of the major sites have begun to add certain cryptocurrencies to their sites for use in payments or payouts.
This means that the convenience of cryptocurrency-only sites has met the security and know-how of your trusted and established sites.
Using these sites allows you to continue to play your favorite games on an interface you are familiar with, but now you can pay with and collect your winnings in your favorite coin.
Sites that have established histories also have a setup that can handle a high traffic volume and are capable of handling the volatility of cryptocurrency, so they are not as likely to go bust.
Provably Fair Gambling
Provably fair gambling is something that, for now, is exclusive to cryptocurrency gambling. It is revolutionary, making it impossible for the casino or the player to cheat at whatever game is being played.
Provably fair (PF) gambling uses cryptographic hash functions, which are basically mathematical algorithms that map data and string them together in a way that they cannot be tampered with or reversed in any way, similar to the hash functions in a blockchain.
This makes it easy for the casino to PROVE to the player that they hosted a fair game.
Each game has its own algorithm based on what it is. For example, dice games have different algorithms than a card game. Each gambling site deals with their algorithms differently, too.
At present, there is no implemented algorithm for PF poker. There is a theoretical application called “mental poker,” but there are still some kinks to be worked out. Mental poker requires each player to decrypt their cards, so if one player goes offline, the game pauses indefinitely with no way of finishing the game solo or rendering the offline player as forfeited.
Please note that there is a definite difference between provably FAIR results and provable results. Don’t be swayed into believing that they are the same concept.
Provable results show the game results to the casino but not the player. The casino could dupe the player by sending losing results because the player can’t actually tell if they have genuinely lost or won.
Winning bets could be thwarted through the casino’s deliberate disconnection of a player if that winning bet is placed, and the casino would then refuse the player the payment earned through the win.
And as with any online casino, regardless of the payout method, there is a risk of playing in a casino that was put up to scam its customers by letting them win and then not allowing them to withdraw their winnings.
If you choose to play on a provably fair gambling site, you can check for an explanation of their provable fairness. This might be in an FAQ somewhere on the site or in a section built exclusively for explaining PF to their customers. If it isn’t there, you shouldn’t play.
For more information on provably fair gaming how to gamble online with cryptocurrency, check out the following page.
The sites listed at the top of the page have been chosen carefully so that you don’t need to spend the extra time looking for one that is reputable, trustworthy, and fair.
We understand that it isn’t always easy to weed through the copious number of gambling sites and pick out the ones that you can trust with your money, so we choose the ones we share with you based on a few key factors. These include the following.
Ease of use
Range of gambling activities available
Quality of customer support
Speed of withdrawals
The first three points on the list are arguably the most important of all. We do a lot of research, as well as call on our own experiences, to ensure that the sites we recommend are all definitely trustworthy and reputable.
The experiences and stories of players who have used the site in the past or even at present are invaluable. It’s important to collect a number of opinions in order to establish how the site treats its players, its timeliness when it comes to payouts, and how fair the games are.
When you are choosing a site on your own, remember to read at least 10 reviews or stories about the site in question, spanning over at least a year, to establish a general feeling or idea of how this site works to please the player.
In terms of history, we typically prefer to go with sites that have been established for AT LEAST a couple of years. Knowing that the site has stood the test of time and has the capabilities of dealing with a high volume of players is important.
You do not want to wake up one morning only to find that the site you’ve been winning on has gone bust, disappeared, and taken all your money with it.
Integrity is obviously important. Owning cryptocurrency is stressful enough as it is given its volatility, and gambling comes with its own risks. The last thing you need is a site rigging the odds against you or cheating you in some other way.
The other factors we look at when rating gambling sites are mostly about user experience. The bottom line is that we want to make sure our recommendations are safe and that you’ll have a good time using them.
Gambling has a lot of factors to be considered, but your best defense is arming yourself with knowledge and understanding of the sites you are considering using.
We hope to simplify your search by providing you both with the tools to find reputable sites by yourself and a few recommendations in case you don’t feel ready to do it all on your own just yet.