When I first ventured into the world of crypto casinos, I made rookie mistakes—costly ones. I chased bonuses without thoroughly understanding the fine print, trusted platforms without verifying their licenses, and underestimated the complexities of navigating this fast-evolving space. It’s embarrassing to admit, but these pitfalls were a wake-up call.
This page exists to ensure you don’t fall into the same traps. Drawing from years of experience, extensive research, and insights from a growing crypto-gambling community, I have created this guide as your compass. Whether you’re a seasoned player looking for advanced strategies or a newcomer seeking foundational advice, this resource is designed to equip you with the knowledge to make smarter, safer, and more informed decisions.
Why Crypto Casinos Are Different—and Why You Should Care
Crypto casinos aren’t just digital versions of traditional online gambling platforms. They are a disruptive force in the gaming industry, offering unique advantages such as anonymity, fast payouts, and provably fair games powered by transparent blockchain technology. However, these benefits come with challenges—regulatory ambiguity, inconsistent licensing standards, and varying levels of platform security.
The Risks I Encountered (And How You Can Avoid Them)
- Blindly Bonus Chasing Without Understanding Terms
When I started, I fell victim to the allure of flashy bonus offers, only to discover hidden wagering requirements, withdrawal limits, and restrictions that made cashing out nearly impossible. Always scrutinize the terms and conditions before committing to a bonus—it’s not optional; it’s essential! - Trusting Unlicensed Casinos
Not all crypto casinos are created equal. Many operate without proper licensing or jurisdictional oversight, putting players at serious risk of fraud. Verifying a casino’s licensing authority—such as the MGA, Curaçao eGaming, or UKGC—is critical to ensuring that you’re playing on a legitimate and secure platform. Unlicensed crypto casinos have no legal obligation to return your funds or honour large payouts. Imagine the nightmare of hitting a life-changing jackpot, only to discover that the casino refuses to pay you what you rightfully won. It’s an all-too-common horror story in the crypto gambling world. While licensing might not seem like a priority at first, you’ll realize its importance the moment something goes wrong. Don’t gamble with your winnings—ensure the platform you choose is fully licensed and trustworthy from the start.
The UK Gambling Commission (UKGC) emphasizes the importance of playing on licensed platforms to ensure consumer protection. They state: “When consumers access illegal gambling sites, they expose themselves to risks and are not afforded the protections required in the regulated sector.” Gambling Commission
This underscores the necessity of verifying a casino’s licensing status before engaging in online gambling. Unlicensed casinos operate without regulatory oversight, leaving players vulnerable to fraudulent practices and without legal recourse in disputes. - Underestimating Blockchain’s Role
One of crypto gambling’s most compelling features is provably fair technology, but not all platforms implement it correctly—or at all. Learn to verify game outcomes on platforms using blockchain to ensure fairness and transparency.
The Analytical Breakdown: How to Choose the Right Crypto Casino
Choosing the best crypto casino is not a one-size-fits-all decision. Here’s a structured approach to help you evaluate your options:
Key Factors to Consider:
- Regulation and Licensing:
Look for casinos regulated by reputable jurisdictions. A valid license ensures adherence to standards of fairness, data protection, and financial security. - Payment Methods and Crypto Support:
A strong casino offers multiple payment options, from Bitcoin and Ethereum to fiat conversion through trusted services. Diversified payment options reflect reliability and user accessibility. - Game Library and Software Providers:
High-quality platforms partner with reputable providers like NetEnt, Evolution Gaming, and Pragmatic Play. A robust game library isn’t just about variety—it’s about quality and trust in game fairness. - Community Reputation and Reviews:
Beyond star ratings, I’ll delve into forums like Bitcointalk or Reddit to assess real user experiences of the crypto casinos that I analyse. - Provably Fair Mechanisms:
Casinos leveraging blockchain to verify game outcomes are leagues ahead. If a platform claims “provably fair” without detailed documentation, proceed with caution.
What You’ll Find on This Page
To help you make informed decisions, I have segmented this page into actionable, easy-to-navigate sections. Here’s a glimpse:
- Detailed Casino Comparisons
- “Best Crypto Casinos”
- “Newest Crypto Casinos of 2024”
- “Crypto Casinos with Aviator “
Each category provides in-depth analysis, from game selection to transaction speed, with recommendations tailored to your priorities—whether anonymity, speed, or welcome bonuses.
- Payment Method-Specific Listings
Whether you’re using Bitcoin, Ethereum, Apple Pay, or fiat currencies like USD or EUR, you’ll find curated lists of platforms optimized for your preferred method. - In-Depth Platform Reviews
Every review goes beyond the basics. You’ll find data-backed assessments on payout speed, customer support responsiveness, and user security protocols. - Educational Resources
- What is blockchain gaming?
- How to set up a crypto wallet safely.
- How to use provably fair algorithms to verify your game outcomes.
- Exclusive Insights
Discover trends shaping the future of crypto casinos, such as the integration of AI in game fairness, the adoption of SegWit and Taproot in Bitcoin transactions, and emerging regulatory standards.
Why Trust This Guide?
- Experience:
As a seasoned player and crypto analyst, I have navigated the highs and lows of crypto casinos firsthand. Every insight shared here is grounded in practical experience. - Research:
This page reflects hundreds of hours of research, drawing from reputable sources like industry reports, blockchain analytics, and player feedback from trusted communities. - Transparency:
I disclose biases, sponsorships, or affiliations, ensuring my recommendations are ethical and objective. - Community-Driven Updates:
This guide evolves with input from a vibrant community of crypto casino players and experts. Your feedback shapes its content, ensuring relevance and accuracy.
Ready to Dive In?
If you’re new to the world of crypto casinos, start at the top and work your way through this guide for a comprehensive understanding. Seasoned players can jump directly to the sections most relevant to their interests, using the interactive table of contents for seamless navigation.
Remember, the world of crypto casinos is both exciting and treacherous. With the right knowledge, you can maximise your rewards while minimising risks. My goal is to be your trusted guide on this journey—empowering you to play smarter, safer, responsibly and with confidence.
Disclaimer: All content on CoinMarketExpert is unbiased and based on objective analysis. The information provided should not be interpreted as an endorsement of cryptocurrency, any service provider, or offering. It is not intended as a solicitation to gamble, trade, or invest in cryptocurrency. Both gambling and cryptocurrencies carry substantial risk and are not suitable for everyone. No representation or warranty is given as to the accuracy or completeness of this information and consequently, any person acting on it does so entirely at their own risk.
How to Evaluate Welcome Bonuses and Wagering Requirements for Crypto Casinos
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| $1-$5,000 | $5,001-$10,000 | $10,001-$15,000 | $15,001-$20,000 | >$20,000 | ||||||||||||||||||||||||||
The table above is updated periodically to help you easily identify the best crypto casinos based on both bonus offers and wagering requirements. We aim to provide you with accurate and up-to-date information on each casino’s welcome bonus structure and the corresponding wagering requirements for new players.
How to Use This Table:
Wagering Requirements: This column provides a crucial insight into the amount you will actually need to wager before you can withdraw any bonus winnings. Higher requirements mean you will need to play more to turn bonus funds into real, withdrawable money—a factor that can significantly impact your gaming experience and overall profitability.
What sets this chart apart is its focus on the effective wagering requirement. Crypto casinos often advertise wagering terms that appear more attractive than they really are, leading many players to underestimate the true cost of redeeming bonuses. I go beyond these surface-level claims by carefully analysing the casino’s full terms and conditions to present the actual wagering requirement—not the promotional figure that’s often incomplete or misleading.
Why does this matter? Because transparency is critical to making informed decisions. By providing you with the real numbers, this chart ensures that you won’t be caught off guard by unexpected playthrough conditions. This rigorous approach to uncovering and reporting accurate data reflects the commitment to expertise, authority, and trustworthiness that makes this resource genuinely unique.
By relying on this chart, you will gain a clear understanding of what’s required to convert bonuses into cash, enabling you to choose platforms that align with your gaming style and financial goals with complete confidence.
Bonus Categories: The chart contains bonuses, broken down by deposit ranges, helping you quickly assess which casinos offer the best value based on your intended deposit. For example, if you’re looking for low wagering requirements, casinos with 0X or 5X might suit you best. If you’re a high-stakes player, casinos offering larger welcome bonuses with higher deposit requirements may offer the best return.
Finding the Best Fit:
Choosing the “best” crypto casino is subjective and depends on what you value most. Certain players prefer the highest bonuses with minimal wagering requirements, while others focus on VIP experiences, game variety, or overall user experience. Our regularly updated table and resources on this page will surely help you objectively find the best crypto casino that suits precisely the criteria that you’re after.
Let’s dive into welcome bonuses first. As mentioned above, one of my first rookie mistakes was to go on a ‘bonus hunting’ spree with my crypto, fishing for new crypto casinos offering the best welcome bonuses.
Welcome bonuses, or sign-up bonuses, offered by online and crypto casinos are often marketed in a way that appears highly appealing to players, especially the bonus hunters, while leaving out key details, making it seem like a more favourable offer than it is. For instance, terms like “Earn a bonus up to $1,000” or “200% sign-up bonus” are designed to attract new players, often with bold promises of extra playing funds, but when paired with strict wagering or withdrawal restrictions, the actual value of the bonus could be extremely unappealing.
Many welcome bonuses come with wagering requirements, which means you must play through the bonus amount (sometimes both the deposit and bonus amount) multiple times before you can withdraw any winnings. For example, a 100% match bonus with a 40x wagering requirement on the bonus amount means you would need to wager 40 times the bonus before any winnings can be cashed out. This is a significant commitment!
Additionally, these bonuses often come with withdrawal caps (limiting the maximum amount you can cash out from bonus winnings), activation steps (requiring players to activate the bonus within a set period), and expiration dates (limiting the time you have to meet wagering requirements). Some crypto casinos also specify that certain games, such as popular options like blackjack or live dealer games, do not contribute towards the wagering requirements. This means that playing these games may not help you fulfil the bonus conditions, potentially extending the time and money needed to meet the terms!
In some cases, opting out of the welcome bonus may be more beneficial for players who prioritise flexibility and ease of withdrawal. By doing so, players can enjoy a simpler gaming experience without needing to meet complex requirements, enabling faster access to any potential winnings.
Being informed and reviewing the terms carefully allows you, as the player, to make better decisions when choosing whether or not to take a casino’s welcome bonus.
Best Crypto Casinos 2024 (Overall Rating)
I have carefully handpicked crypto casinos that have proven their reliability over time, earning a reputation for being genuinely trustworthy. These casinos offer a diverse selection of games, generous rewards, and are committed to ensuring player satisfaction and security.
To ensure a balanced and well-rounded evaluation, I have also explored online communities, including Reddit, and factored in recent user feedback to refine the recommendations. The approach prioritises transparency, and below I have outlined the specific criteria used to highlight why these crypto casinos stand out. This ensures that the selection process is structured, objective, and most of all, helps you make an informed decision.
Transparency is imperative. While CoinMarketExpert may receive compensation from certain operators, this does not influence our rankings. Our mission is to create long-term value by applying rigorous research and analysis to an industry that often favours quick, shortsighted decisions.
Rest assured that the information you’ll find on this page is the result of thorough primary and secondary research, designed to help you make the best possible choice.
- EUR2,000 Welcome Bonus
- 200 Free Spins
- EUR18,000 Daily Real Money Contests
- EUR 10,000 Daily Lotteries
- Exciting Sports Promos
- Live Dealer games and win $$$$
- 180% Welcome Bonus (rising to 360%)
- Free money bets
- 10K Spin the Wheel Prize
- EUR30M Slot & Live Casino Drops
- EUR1M cash bomb prizes
- VIP Club
- 180% Welcome Bonus up to $3,000
- Win 1 BTC Spin the Wheel
- $10M Jackpots
- Double Rakeback
- $50K King of King Tournaments
- VIP Club
5. 
- 100% First Deposit (Match) Bonus
- 100 Free Spins
- Daily cash back up to 9%
- Loyalty Rewards
- Chest Rewards
Table of Contents
⭐ Advantages of using a crypto casino over a traditional online casino
⭐ Disadvantages of using a crypto casino
⭐ Types of Crypto Casinos
⭐ Choosing a Safe Crypto Casino
⭐ Evaluating a Crypto Casino
⭐ Crypto Casino Staking Strategy
Advantages of using a crypto casino over a traditional online casino
The advantages of using a crypto casino over a traditional online casino are strikingly clear:
- Anonymity: As long as you’re transacting crypto-to-crypto, most crypto casinos will not require KYC (Know-Your-Customer), which I see as a major distinct advantage because it allows you to bypass traditional financial institutions and remain anonymous. This matters because banks can (and believe me, they do) track your spending habits and categorise you based on their internal risk policies. Showing gambling activity on your bank statements may negatively impact your credit rating and borrowing potential down the line – so strongly consider using crypto casinos to keep a clean bank trail.
- Social experience: Crypto casinos offer a highly social experience, making traditional online casinos feel outdated. Many platforms allow you to chat anonymously with other players, providing a truly interactive and engaging atmosphere that’s fun and can be helpful in many ways.
- Transparency: Crypto casinos are built using blockchain technology, which provides a highly transparent infrastructure. That’s the point of using blockchain technology after all. All wins and losses can be checked on-chain. Most crypto casinos should offer provably fair games, which allow you to check and verify on-chain whether the games you’re playing on the platform are fair and not rigged!
- Data & Analytics: Because of the way they are built, crypto casinos often provide real-time analytics, giving you insights like which slot games have the highest volatility, vigorish, return-to-player (RTP), and which games are currently trending. You can also see recent big payouts or wins, which adds excitement and transparency that traditional casinos lack.
- Rewards: Crypto casinos offer significantly better welcome bonuses and promotions. For instance, traditional online casinos can give new players a welcome bonus of up to $2000 whereas crypto casinos can offer welcome bonuses of up to 5 BTC or more!
- Faster and cheaper transactions: And lastly, I want to point out that crypto casino transactions are much faster with lower fees for both deposits and withdrawals.
- Faster withdrawal speed: As you may already know, the transaction speed for crypto casinos depends on the token, the underlying blockchain network and the amounts that are transacted. All cryptocurrency transactions must be verified on the blockchain and these transaction verifications require a certain number of confirmations. Since miners verify transactions in priority of the higher fees first, the transaction confirmation time will depend on the transaction size. This means that smaller-sized transactions (that result in a smaller fee to the miner) will usually take longer to verify than transactions that are much larger in size. However, on average, blockchain transactions are verified within 10 minutes. Whilst this may be a little frustrating for you to wait a few minutes for your funds to be deposited at a crypto casino, it is much more convenient for withdrawals since traditional online casino withdrawals can take up to 5 business days to be processed! To be fair, certain crypto casinos are now beginning to offer instant deposits and withdrawals, although that is very much dependent on the crypto payment gateway they are using to facilitate transactions.
- Lower transaction fees: Crypto casinos do not charge a fee for deposits and withdrawals made in cryptocurrency. However, if you are exchanging fiat-to-crypto then you will most likely be hit with a fee. With, traditional online casinos, deposits are usually free although you will most likely incur a fee, typically of around 2.5% of the transaction amount, when making a withdrawal.
- No deposit and withdrawal limits: Crypto casinos generally do not impose limits on the maximum amount that you can deposit and withdraw although I have noticed a few casinos that do impose limits recently, so pay careful attention to the fine print. Traditional online casinos will always impose a maximum amount that you can deposit and sometimes withdraw. Always check the FAQ sections, terms and conditions and if you’re still in doubt contact the operator’s customer support.
Disadvantages of using a crypto casino
I have outlined three disadvantages, which are risks that you can easily mitigate:
- Unlicensed crypto casinos: Be careful of crypto casinos operating without a license, as it is extremely difficult to pursue legal recourse in the event of disputes or issues with your funds – believe me, it’s a nightmare – so steer clear of any crypto casino that doesn’t have a valid license. Without proper licensing, there’s no governing authority to hold them accountable, which leaves you, as the player, vulnerable to fraud, unfair practices, or even outright theft! This is why it’s crucial to only choose reputable, well-reviewed platforms that hold licenses from recognised jurisdictions.
- Crypto price volatility: As you may know already, the price of cryptocurrencies is highly volatile, meaning the value of your winnings or deposits held at a crypto casino will fluctuate – unless you are holding stablecoins. If you store your winnings and deposits in stablecoins then you will no longer be subject to any asset volatility in the crypto market.
- Technical (smart contract) vulnerabilities: Crypto casinos, especially those that claim to be fully decentralised, can be prone to technical vulnerabilities such as smart contract bugs, which may lead to the loss of funds. Since decentralised platforms rely heavily on code and blockchain protocols, any flaws can be exploited by hackers. Additionally, the ‘fully decentralised’ platforms currently available often lack customer support and don’t offer protections such as insurance to help recover lost funds. In the following section, I differentiate between decentralised and centralised crypto casinos.
Types of Crypto Casinos
There are two types of crypto casino – you guessed it – centralised and decentralised!
Centralised Crypto Casinos
A centralised crypto casino is controlled by a third party that has full control over your account. In other words, players don’t have any control over their private keys or wallets. Instead, the casino takes full custody of the funds, managing deposits and withdrawals on behalf of the user. This is not necessarily a bad thing.
Many centralised platforms hold a license, which obligates them to follow processes and procedures to protect their players. In my experience, they also offer a superior user experience, better security measures, and have a functional customer support system in place that ‘fully decentralised’ platforms often lack. In fact, my research using data from both Google Trends and Ahrefs, indicates that 84% of crypto casino traffic is currently heading towards centralised crypto casinos – not their decentralised counterparts. Why this is happening will be clear to you in the following section. However, what’s important here is that you are able to distinguish between safe platforms and potential bad actors.
If you choose a centralised crypto casino (as most players do), it’s important to find one that holds a valid license from a decent jurisdiction. And, just because a centralised crypto casino is licensed doesn’t mean your anonymity will be compromised. As long as you are transacting crypto-to-crypto, you probably won’t be forced to undergo tedious KYC (Know Your Customer) procedures. Many licensed platforms still allow players to maintain a degree of privacy while adhering to regulatory standards, particularly when using cryptocurrencies exclusively.
Best Centralised Crypto Casinos (overall rating)
| Bonuses, Free Spins and Rewards | |
|---|---|
Bons | ⭐ EUR2,000 Welcome Bonus ⭐ 200 Free Spins ⭐ EUR18,000 Daily Real Money Contests ⭐ EUR 10,000 Daily Lotteries ⭐ Exciting Sports Promos ⭐ Live Dealer games and win $$$$ |
 BC Game Casino | ⭐ 180% Welcome Bonus (rising to 360%) ⭐ Free money bets ⭐ $10K Spin the Wheel Prize ⭐ EUR30M Slot & Live Casino Drops ⭐ EUR1M cash bomb prizes ⭐ VIP Club |
 K8 Casino | ⭐ 180% Welcome Bonus up to $3,000 ⭐ Win 1 BTC Spin the Wheel ⭐ $10M Jackpots ⭐ Double Rakeback ⭐ $50K King of King Tournaments ⭐ VIP Club |
 Stake Casino | ⭐ $75K Weekly Raffles ⭐ $100K Daily Race ⭐ $2.5M Monthly Drops ⭐ VIP Club |
RocketPot Casino | ⭐ 100% First Deposit (Match) Bonus ⭐ 100 Free Spins ⭐ Daily cash back up to 9% ⭐ Loyalty Rewards ⭐ Chest Rewards |
Decentralised Crypto Casinos
With decentralised crypto casinos, you retain full control of your private keys, giving you full autonomy over your funds. However, this doesn’t make you immune to hacking risks or technical vulnerabilities, such as smart contract bugs, which can lead to the loss of funds.
Decentralised platforms rely heavily on code and blockchain protocols, and any flaws in the system can be exploited, sometimes without the safety net of customer support or insurance to help you recover any of your lost funds. As mentioned earlier, there’s a good reason why 84% of crypto casino traffic is currently heading toward centralised crypto casinos and not their decentralised counterparts!
I have visited crypto casinos that claim to be fully decentralised – and honestly, the space is still underdeveloped. The majority of decentralised crypto casinos that I have visited did not work well, the user experience was awful and unsurprisingly, many of them have even ceased to operate. Below is a list of decentralised crypto casinos:
1. Edgeless
- Platform: Ethereum-based
- Features: No house edge on certain games, transparency via smart contracts, provably fair games.
- Tokens: EDG token used within the platform.
2. FunFair
- Platform: Ethereum-based
- Features: Operates on smart contracts for transparent, provably fair gaming. Fast, low-cost transactions using the FUN token.
- Games: Slot games, table games, and more.
3. DAO.Casino (Now called DAOBet)
- Platform: Custom blockchain
- Features: Decentralised autonomous organization (DAO) governs the casino, games built on a blockchain for transparency and fairness.
- Tokens: BET token
4. Etheroll
- Platform: Ethereum-based
- Features: Simple dice game with 1% house edge, fully decentralised, provably fair.
- Games: Single game, dice.
5. Wagerr
- Platform: Custom blockchain (Proof-of-Stake)
- Features: Decentralised sports betting, low fees, and a deflationary model where WGR tokens are burned after each bet.
- Tokens: WGR token used for betting.
6. WinDice
- Platform: Ethereum-based
- Features: Decentralised dice game with real-time fairness verification via blockchain.
7. Augur (Betting Platform)
- Platform: Ethereum-based
- Features: Prediction market and betting platform, decentralised, fully open-source.
- Tokens: REP token
8. Peerplays
- Platform: Graphene blockchain
- Features: Peer-to-peer decentralized betting and gambling, fairness ensured by blockchain smart contracts.
- Games: Sports betting, poker, dice, lotteries.
9. CryptoGames
- Platform: Multiple cryptocurrencies (BTC, ETH, etc.)
- Features: Provably fair games, low house edge, crypto-only casino.
10. TrueFlip
- Platform: Blockchain-based lottery
- Features: Decentralized, transparent lottery games with provably fair algorithms, crypto rewards.
- Tokens: TFL token
The decentralised crypto casino space is still in its infancy. Given the rapid advancements in blockchain technology and the increasing interest in decentralised finance (DeFi), I believe a hybrid model will emerge in the near future. This model will likely combine the transparency, security, and autonomy of decentralised platforms with the user experience, scalability, and regulatory compliance of traditional casinos. Such a hybrid approach could offer the best of both worlds.
Safe Crypto Casinos: How do you Identify them?
Identifying a safe crypto casino is crucial because it is still, without a doubt, the wild-west out there!
No matter how legitimate a crypto casino site may appear, always do some basic due diligence and use some good old-fashion common sense without ignoring your gut instinct —if something feels off or raises red flags, it’s best to move on.
1. Check whether the crypto casino holds a valid license from a decent jurisdiction
Regulators play an important role in policing casinos, ensuring they operate in a compliant manner. Regulatory entities periodically carry out extensive checks on every licensed casino operator. Also, depending on the jurisdiction, it is mandatory for casinos to be audited by a reputable third-party specialist to ensure there are no conflicts of interest between the operator and its players.
Crypto casinos that operate without a valid gambling license are scams! If you are going to gamble, always choose a crypto casino that holds a valid gambling license from a good jurisdiction because if you do get lucky and win large sums of money, an unlicensed casino operator can just refuse to give you the payout.
The strongest gambling licenses are obtained from jurisdictions within the European Union. The UK, Gibraltar, and Malta are highly regarded due to the stringent compliance requirements imposed by regulators on casinos to receive and maintain their gambling licenses.
The majority of crypto casinos operate under a Curacao gambling license, which is not typically regarded as a top-tier jurisdiction in the gambling industry. However, this does not necessarily mean it is a poor choice. Regulation in Curacao has evolved to strike a balance between oversight and operational freedom. Many operators are drawn to Curacao for several reasons: the relatively low license fees compared to other jurisdictions, minimal bureaucratic hurdles, and a faster licensing process, which can take around two weeks.
Curacao’s regulatory framework is designed to make sure operators are compliant with basic standards and licensing requirements and it does not involve itself heavily in disputes between players and casino operators. This contrasts with jurisdictions with more robust regulatory practices that actively mediate such disputes.
Although a Curacao license might not have the reputation for being “blue-chip” or top-tier, it’s not all that bad and generally considered passable. Ultimately, crypto casinos licensed in Curacao must build their reputation the old-fashioned way.
If you want to find out whether an online casino or crypto casino holds a valid license then the first thing you need to do is go to the operator’s website and scroll down to the bottom of the page. There you will usually find the details of the type of gambling license an operator has from a particular jurisdiction. But just because a crypto casino shows that it has a license (on its website) does not necessarily mean it genuinely has one – so take some time to do some passive due diligence!
If you have some time on your hands, you may easily check whether an online casino holds a valid license. This can be done by visiting the licensee registrar of the various regulatory bodies that oversee gambling in a particular jurisdiction. Here’s a brief list below:
| Popular Gambling Jurisdictions | Licensee Registrar |
|---|---|
| United Kingdom | Gambling Commission |
| Malta | Malta Gaming Authority (MGA) |
| Gibraltar | Gibraltar Gambling Commission (GGC) |
| Alderney | Alderney Gambling Control Commission |
| Cyprus | Cyprus Gaming Commission |
| Isle of Man | Gambling Supervision Commission |
| Curaçao | Curaçao Gaming Control Board |
2. Check whether the crypto casino is using a variety of licensed game providers
You will want to ensure that a licensed crypto casino uses the services of established third-party gaming software providers such as Playtech, Apricot (formerly Microgaming), NETENT and Evolution Gaming just to name a few. These game providers are licensed to develop casino games.
It’s always a good idea to check if a crypto casino features games from reputable game providers. Playing games developed by well-known and trusted companies can help you avoid issues with potential tampering. Games created in-house by the casino or by lesser-known providers carry higher risks, so sticking with established names can offer more peace of mind and ensure a fairer gaming experience.
Respectable game software providers will always conduct due diligence on the casino operators they work with to safeguard their reputation and license. Therefore knowing that a crypto casino has games from respected game software providers adds an extra layer of monitoring and player safety.
3. Check whether the crypto casino is using third parties to audit the operation and its games
To obtain a casino gambling license from the UK Gambling Commission or Malta’s MGA, crypto casino operators would need to agree to be regularly audited by a specialised third-party organisation such as eCOGRA or TST (Technical Systems Testing) which is a subsidiary of Gaming Laboratories International (GLI). These auditing companies regularly conduct thorough investigations on online casinos and their games to ensure safety and fairness towards players.
Certain gaming licenses make it mandatory for casino operators to perform regular third-party audits. This is why it is so important for you to know the jurisdiction of where a crypto casino has been licensed.
From a player’s perspective, crypto casinos that undergo regular audits can provide greater peace of mind, as these audits help ensure the games are fair and the operations are transparent. However, it’s important to note that the absence of regular audits does not automatically indicate fraudulence.
While audits are a valuable indicator of trustworthiness, a casino that is not audited could still operate ethically and fairly. Nonetheless, players should exercise caution and conduct thorough research, looking for other signs of legitimacy and reliability.
Evaluating a Crypto Casino
Now that you understand how to find a safe crypto casino, how do you go about evaluating it?
In addition to going through the key requirements identified above, which explain how to choose a safe crypto casino, I have also outlined 5 important points for you to check when evaluating a crypto casino.
1. Third-party validation
You may want to check social media comments on Reddit and perhaps Twitter, Facebook, and Telegram. You may also want to search for opinions on Trustpilot as well as see what employees have to say about the crypto casino by checking websites such as Glassdoor. These combined initiatives should provide you with a very good overview of the crypto casino that you are preparing to play games on.
2. Crypto Casino Bonus Conditions
Crypto casinos offer bonuses to incentivize new players to sign up and play. Always make sure to read the terms and conditions concerning crypto casino promotions and welcome bonuses very carefully. I’ll explain why this is important in a moment, so keep reading.
This section teaches you what to look out for when evaluating the bonuses offered by crypto casinos.
Make Sure you Activate the Casino Bonus
Do not make the mistake of assuming that the crypto casino bonus will be awarded to you automatically.
It really depends on the crypto casino operator. Sometimes the bonus is awarded to you automatically (assuming you have satisfied the wagering requirements) and sometimes you may need to manually activate the bonus in advance by either using a special code or toggle button in the dashboard.
Check the Crypto Casino Bonus Wagering Requirements
When you claim a bonus from a crypto casino, the money you receive is often paid in the form of bonus money as opposed to real cash. It is the same for free spins too, so any potential payouts (or casino winnings) you get when you use them are also paid in bonus money.
This bonus money is usually kept in a separate wallet and comes with a wagering requirement attached to it.
So here’s the thing you need to know. You cannot automatically withdraw the bonus money. In order to withdraw the bonus money that you receive, you will first need to satisfy the wagering requirements (and any other terms attached to the bonus.)
Many newbies, as well as seasoned players, have trouble understanding what a wagering requirement really means. A wagering requirement is an amount of money (typically a multiple of the bonus) that you must gamble through (i.e. wager) before being allowed to make a cash withdrawal.
Only once you have satisfied the wagering requirements, will your bonus money turns into real money that you can withdraw. I stress, if you do not meet the wagering requirements, your bonus money will not be converted into real money for withdrawal.
Even if your chosen crypto casino operator offers a casino bonus, you always have the right to not accept it if you don’t want it. All you have to do is opt-out or simply not claim it – although it is not recommended since the bonus boosts your chances of winning.
This is exactly how wagering requirements work for crypto casino bonuses.
Let’s say the crypto casino is rewarding you with $100 in bonus money when you make a deposit of $100. So in total, you get to play with $200 rather than $100, which increases your chance of winning.
Now let’s say there is a wagering requirement of 40x the bonus. This means you will not be allowed to withdraw any potential winnings until you have gambled the equivalent of $4,000!
$100 (bonus) x 40 (wagering) = $4,000.
⚠️ always check whether the deposit amount is included or excluded from the wagering requirements.
If the deposit amount is included in the wagering requirement, then you would need to gamble through $8,000!!
$100 (bonus) + $100 (deposit) x 40 (wagering) = $8,000.
Crypto casino welcome bonuses may be in the form of free spins, which you can use on slot games.
This is exactly how wagering requirements work for crypto casino free spins.
If you claim a free spins offer, you will normally need to work out the requirements based on how much you win. For instance, let’s imagine you have claimed 20 free spins with a 10x wagering requirement and you won $15 whilst playing.
$15 (Free Spins Wins) x 10 (Wagering) = $150
As you can see from the above example, the $15 you won has a 10x wagering requirement, which means you’ll need to complete wagering requirements of $150 before you can withdraw.
Check the Time Limits on Crypto Casino Bonuses and Free Spins
Crypto casino operators may impose a time limit on the bonuses and/or free spins. This means that if you do not use the bonus or free spins before a certain number of days the bonus or free spins will be removed.
Check the Game Contribution
Crypto casino bonuses will usually also have a game contribution condition. What this means is that not all games will contribute towards the wagering requirement. Table games are sometimes not counted towards the wagering requirements whereas certain slot games may count as 100% towards releasing the bonus. Always check the game contribution from the start!
This is exactly how game contribution works for unlocking crypto casino bonuses.
Let’s say you have a crypto casino bonus of $500 that you will withdraw after meeting wagering requirements of $1000.
The crypto casino has a game contribution of 100% on slots, and you gamble $10 on every spin for 100 spins. This means, in the end, you have gambled $1000 on slots, and the entire (100%) is counted towards your wagering requirement to convert your bonus money to real money that you can withdraw.
Let’s say instead of playing on slot games (with 100% contribution) you gamble your money on poker tables (with a game contribution of only 5%). In this example, you would need to bet $20,000 on poker games to satisfy the $1,000 wagering requirement since the game contribution is only 5%!
What this all means is that if you want to release your casino bonus of $500, then it would be better for you to just stick to those games that have the highest game contribution.
⚠️ Always look at the wagering requirements together with the game contribution otherwise you could be betting on games that do not count towards converting your bonus money into real money.
3. Payments: Deposits and Withdrawals
Deposit and withdrawal methods are important to evaluate. Naturally the wider the choice of deposit and withdrawal methods, the better it is for you.
It is most important for players to understand that deposit and withdrawal policies differ significantly between crypto casinos, therefore always make sure to investigate.
Each crypto casino operator will have its own rules for payments. Make sure you check the following:
1. deposit and withdrawal limits
2. verification procedures
3. accepted cryptocurrencies
4. deposit and withdrawal fees
5. deposit and withdrawal processing times
4. Customer Support
Any decent crypto casino will offer live customer support via chatbox on their website as well as a contact number, and an email address. You may occasionally find social media support too. The greater the availability of the different forms of support, the better it is for the player.
5. Responsible Gambling
Every decent crypto casino will have a responsible gambling policy and procedure. Certain crypto casinos will also have a self-exclusion option that allows a player to ban them self from gambling for a certain period of time if they feel they are becoming addicted to gambling.
Crypto Casino Staking
Crypto Staking Barbell Strategy
I am a big advocate of responsible gambling – that essentially means not gambling more than you can comfortably afford to lose.
Could crypto savings and staking be part of the answer to responsible gambling?
Certain hedge fund managers have been able to create asymmetric risk/return opportunities by applying what is known as a barbell strategy. This involves parking funds into interest-bearing securities that are deemed to be relatively low-risk and then utilizing the interest that is earned to trade high-risk assets that have the opportunity of producing outsized returns.
This strategy may be applied to gambling too.
A crypto casino player may want to consider the option of only gambling the interest that is earned from stablecoin savings or from crypto staking.
🚀 It is possible to earn an Annualized Percentage Return (‘APR’) as high as 12%-22% on certain stablecoin savings and staking accounts!
In the worst-case scenario, the interest that is invested is lost although the initial capital is still preserved. Alternatively, in the best-case scenario, the interest that is gambled produces material outsized material returns.
The strategy of combining crypto staking with gambling could be a sensible approach to responsible gambling since players can enjoy wagering on games and the thrill of getting lucky and earning material outsized returns without losing their original capital (since they would only be gambling the ‘interest’ portion earned through crypto savings and/or staking.
ALWAYS PLAY RESPONSIBLY
Playing online casino games responsibly is very important. All licensed casino operators have a responsibility to protect their players. If you are gambling money that you cannot afford to lose then that is a clear sign that you are addicted to gambling. If this describes your behavior, then inform the customer support of your casino operator immediately and ask them to exclude your player account.