Complete guide to using Cryptocurrency for Gambling

Online casinos and its online games have been developing at the speed of light.

You blink your eyes for one second and, once you open them again, new games have been released, with more modern and exciting features. 

Technology has been making the world move fast and online casinos even faster. It’s not easy to keep up with all the novelties constantly brought to us by technology advancements and sometimes you might feel like you are staying behind. 

Rest assured that you are not alone and plenty of online gambling fans struggle with keeping up with all the fast-speed changes that keep happening, whether we are paying attention or not. 

With people like you in mind, we have prepared this guide to help you navigate a major revolution in the casino industry – the emergence of using cryptocurrency for gambling. 

Bitcoin online casinos make online gambling and betting less busy and more transparent. Moreover, in addition to Bitcoin, you can deposit through other cryptocurrencies like Ethereum, Litecoin or Doge.

You know Bitcoin online casinos are becoming more and more popular, but perhaps you are not sure about what are the reasons behind this increasing popularity.  

Read this complete guide to using cryptocurrency for gambling and you will better understand all the advantages or cryptocurrency and how to use them to your advantage. 

Sounds good?

Let’s go!

Why are cryptocurrencies so popular?

Easy to use:

Many cryptocurrencies online casino sites offer very simple online gambling games such as beginner friendly bitcoin live casino games. 

Accessibility:

As long as you have an internet connection available, you can access the online cryptocurrency casino anytime, anywhere. Also, as cryptocurrency is accepted, it now includes many countries that previously did not allow online casinos to create accounts. As cryptocurrencies are becoming more popular all over the world, anyone who wants to try online casino games can easily do so.

Payments are getting faster and faster:

Cryptocurrency-based online casinos tend to pay much faster than their rival casinos. Bitcoin online casinos typically pay out within 12 to 24 hours. This is quite impressive when you compare to other typical casino payment methods available, which typically can take up to three to five business days to process the payment.

Much lower transaction fees:

Another advantage of cryptocurrency payments is that the transaction fees charged per transaction are substantially lower. Sometimes, there are even no fees at all!

Anonymous betting:

Cryptocurrency-based online casino players can create anonymous profiles, deposit and withdraw income without having to provide their details. This makes cryptocurrency casinos more attractive and safer to use for a lot of people. Lengthy registration and verification processes can make new players somehow uncomfortable. With cryptocurrency, your anonymity and privacy are secure. 

Transparency:

With blockchain technology, there is an element of transparency like there was never before. With Bitcoin casinos you can be sure you are up for an honest and fair game.

No more scams, no more frauds. Just legitimate and unambiguous odds, with no hidden concealed information.

Create your first Bitcoin Wallet 

Now that you have read all about the endless advantages of using cryptocurrency in your gambling activities, you are probably wondering which crypto currency to go with and how to start the process of owning and using crypto.

Even though any cryptocurrency is better than none cryptocurrency, it is undeniable that there is one in particular that stands out from the competition and you probably know which one we are talking about.

If your guess was Bitcoin, you have guessed it right!

Bitcoin remains the most important cryptocurrency in the world. In addition to being the most accepted cryptocurrency, based on the Coinmarketcap statistics, holding Bitcoin for a period of time before sales can bring huge profits. You can choose to sell your bitcoin at any time because it is always in high demand.

Furthermore, the algorithms used in bitcoin games such as online craps, sports betting and many other games were found to be fair. That means you have a great chance of winning at a Bitcoin casino.

You can create a Bitcoin wallet online or on your smartphone. You can use a debit card to fund Bitcoin wallets, or you can buy directly from other Bitcoin users who are willing to sell their Bitcoins.

You can check out next time how to buy Bitcoin and get started. 

How to buy Bitcoin?

Buying Bitcoin can seem like a daunting process, but only until you try it out for the first time. There are many trusted platforms where buying Bitcoin is no different from using traditional payment services. You just have to link your debit card, your bank account or your PayPal account and in a few minutes you will have Bitcoin in your account.

Even so, we recommend that you pay attention to the reputation of the exchange platform because, next to the right exchanges, there are many fraudulent offers. Some of the most reliable services to buy Bitcoin online with fiat currencies are Coinbase, Binance, Gemini and FTX.

What games can I play using Cryptocurrency?

One of the best ways to illustrate the wide adoption of Bitcoin and other cryptocurrencies is by the variety of games available to play. A few years ago, Bitcoin gambling was something quite exotic, and players had to go through the trouble of finding a place to play. Nowadays, even the best known casino brands are forced to add support for Bitcoin, realizing how big this segment of the market has become.

Rest assured that almost every known type of online gambling is available with Bitcoin. First of all, it deals with all kinds of online slots. Their number is estimated at more than 10,000 now! In addition, all the popular table games, including their live dealer versions, have been adapted to play with crypto. 

Popular Bitcoin casino table games include Live Blackjack, Baccarat, Online Poker and Live Roulette to name a few, but that's not all.

Live Casino game shows like Crazy Time, Dream Catcher and Monopoly Live are in a category of their own. They have become a real breakthrough in the gaming industry in recent years and are also available with Bitcoin.

All these online games are available to you at your favorite casino online Tuskcasino. 

Can I get a bonus for betting with crypto?

All of the best Bitcoin casinos like Tuskcasino online casino offer bonuses for new players that can be worth a lot of money. Let's take a look at the most common types of bonus offers.

Deposit bonuses

Deposit match bonuses are the most common type of bonus offered at the best Bitcoin casinos. They offer a bonus that players can use on most casino games, and the size of the bonus is directly tied to the amount of money the player deposits into their account.

Crypto casino deposit bonuses can be quite large. 

Free spins

Bitcoin casino free spins bonuses offer players free spins that they can use on a specific slot game or any slot game at the casino. 

No deposit bonuses

Very few casinos offer no deposit bonuses. A no deposit bonus from a Bitcoin casino allows players to sign up for an account and claim free spins or cash for gambling, without having to make a deposit first. The benefit of a Bitcoin casino with no deposit bonus for players is that they are free to leave the casino and go elsewhere after exhausting the bonus funds.

Also, Bitcoin games are often superior to their traditional counterparts. For example, thanks to the money saved on fees, Bitcoin casinos can offer a higher RTP on slots, which directly affects the gaming experience. Furthermore, you will find that sports betting also has better odds when playing with Bitcoin. By the way, sports betting is integrated into many Bitcoin casinos as well, including Tuskcasino online casino.