The crypto casino landscape is now an ultra-competitive space, with hundreds of operators allowing players to deposit, stake and withdraw funds using popular coins such as Bitcoin, Ethereum and Ripple. As a result, choosing the best crypto casino online can often feel like the Wild West.
Although many of these gambling platforms offer an array of benefits – notably instant deposits and withdrawals, anonymous accounts and provably fair guarantees, we believe that there are only a handful of operators that make the cut.
In this brief guide we explore what a crypto casino is, why the underlying technology far outweighs that of a fiat casino and ultimately, where you can find the best crypto casino online in 2018.
Why do we need crypto casinos?
In a nut shell, there a three fundamental aspects that you should consider prior to joining a new online casino. Firstly, can you trust them? Secondly, do I need to submit a range of personal information such as my passport? Thirdly, how long will it take before I receive my winnings? To explore these ideas further, let’s break them down in more detail.
How can I trust an online casino?
So, you’ve found an online casino and decided to take the plunge. You go and register an account and are ready to deposit some real-world funds. You use your debit card and within a few seconds, your newly created account is funded. Great! You’re ready to hit the blackjack tables. But wait? How do you actually know that the underlying software is playing fair?
Wouldn’t it be ultra-easy for an online casino to just rig the outcome of each gaming outcome? Well, the simple answer is yes. The reason for this is that the gaming data that generates each result is kept behind closed doors, meaning that there are no measures in place for the player to authenticate that this data is legitimate.
As a result, the player must trust that the casino is credible. However, as history suggests, users can never be certain that this is the case. A simple visit to SBR – a highly trusted website that reviews fiat gambling websites, illustrates that there are literally thousands of platforms that are blacklisted as a result of fraudulent activity.
This is a major problem in the traditional online casinos sector.
How much privacy will I lose at an online casino?
When you play at a traditional fiat casino, the sign up process is similar across the board. You will initially need to provide the platform with your personal information. This will include your full name, date of birth, nationality and residential address.
Prior to making your first withdrawal, you will then need to supply the casino with a plethora of documents. At a minimum this will consist of a government issued ID (passport or driving license) and a proof of address (bank statement or utility bill).
There is also a good chance that you will need to provide copies of your payment method. For example, if you deposited funds using a debit or credit card, then you will need to upload a scan of the front and back of the card. As you can no doubt ascertain, at this point of the end-to-end gambling experience the casino has a significant amount of data on you.
Regardless of whether or not you think this is ethical, the casinos are simply complying with domestic anti-money laundering legislation.
So now that we’ve covered trust and privacy, the next part of our ‘Best Crypto Casino Online’ guide is going to discuss the withdrawal process.
The withdrawal of winnings
Aside from enjoying the thrill of the game, the ultimate aim of gambling is to win money. As a result, when it comes to withdrawing your funds, you want a seamless experience. However, this is far from what traditional fiat casinos can offer.
In the previous section we discussed that prior to having a withdrawal processed, the player must upload a variety of documents. A manual verification team will then need to authenticate that these documents are valid and that they match the information provided by the player.
In itself, this can take up to three working days. Once you have passed the initial KYC (Know Your Customer) process, you will then need to wait for the payments team to manually process your request.
This can also take three working days, which is highly inefficient. Moreover, during this waiting period the casino allows the player to reverse their request, tempting them to gamble their winnings instead of cashing out.
Finally, when using traditional payment methods such as a debit or credit card, it can also take an additional three working days until the respective financial institution clears the funds.
If you have read our ‘Best Crypto Casino Online’ guide up to this point, then you should now have a really good understanding of the key issues that players face. We are now going to discuss how crypto casinos do things differently.
How are crypto casinos different?
In a nut shell, by gambling at a crypto-specific casino, all of the three aforementioned issues are alleviated. Let’s break it down section by section.
We discussed earlier that when playing at a fiat casino, the player has to trust that the operator is playing fair. To clarify, this is because they keep all of the gameplay data behind closed doors, with no mechanisms in place for the player to audit it.
The best crypto casino online platforms do things differently. They use an innovative protocol known as provably fair, which is supported by the mathematical discipline of cryptography. The way it works is the outcome of each casino game is generated in a transparent manner by producing a random seed from both the player and the operator.
The provably fair protocol then combines these two seeds to generate the result of the game. All of the provably fair data is public, meaning that anyone can verify that the outcome was generated in a true and fair way.
As a result, there is no requirement for the player to trust that the casino is legitimate – as code is law.
Regarding the issues of privacy, we discussed that players are not only expected to reveal their real-world personal information, but that they also need to verify this in the form of documentation. We also mentioned that the reason for this is due to anti-money laundering regulations, which state that online gambling platforms must understand who their customer is and where they are from.
Essentially, online casinos that cater specifically for cryptocurrency deposits and withdrawals do not fall under the same remit as fiat casinos. This is because they do not have any relationship with real-world money. As a result, they do not need to identify the players that use their services.
Ultimately, when players open an account at a crypto casino, all they need to supply is an email address. This allows players to gamble anonymously. We have created a more comprehensive guide on the legalities of crypto casinos here.
The final issue that we wanted to discuss in more detail was with regards to the withdrawal process. We mentioned earlier that withdrawing funds from a fiat casino is highly inefficient, often taking days (if not weeks) before the player receives their winnings.
On the contrary, when withdrawing funds in the form of cryptocurrency, the process is practically instant. There is no requirement for a payments team to manually process the request, meaning that the transaction is facilitated in an autonomous manner.
As a result, the best crypto casino online platforms allow players to receive their winnings back in their personal cryptocurrency wallet within just a few minutes.
So now that we’ve covered the issues of traditional fiat casinos and how crypto-specific platforms provide real-world solutions, let’s find out where you can find the best crypto casino online operators.
Where can I find the best crypto casino online?
It is important to remember that there are close to 100 online gambling websites that now focus purely on cryptocurrency deposits and withdrawals. As a result, finding the best platform can be a difficult task. We have independently tested the vast majority of these websites and have narrowed down our recommendation list to just five.
All of the identified platforms are highly established, fully regulated and utilize provably fair technology. Moreover, they all facilitate instant deposits and withdrawals. We have compiled an impartial review on all of the below casinos, so if you want more information simply click on its respective link.
The first platform from our best crypto casino online list is FortuneJack. Created in 2014, the operator has a full gaming license from the Curacao authorities. Moreover, all of their games are guaranteed for their fairness through a provably fair protocol.
The gaming suite is highly comprehensive and consists of traditional table games such as, roulette and dice, as well as hundreds of slots. Moreover, it is also possible to access real-world live dealers.
By registering an account for the first time, you have the potential to receive a matched deposit bonus of up to 5 BTC, as well as 250 free slot machine spins. If you want more information on how to get free bets, see our guide here.
BitStarz were first launched in 2014 and offer a significant amount of games. This includes a full range of traditional table games, live dealers and a comprehensive slot department. They are also regulated in Curacao and utilize provably fair.
The platform supports five different cryptocurrencies and deposits and withdrawals are instant. By opening an account at BitStarz for the first time, you can get a 100% matched deposit bonus of up to 1 BTC.
mBit casino were also created in 2014, hold a full gaming license and have installed provably fair technology on all of their software games. Not only does the platform host table games, dice, slots and live dealers, but they also have a fully comprehensive sportsbook.
mBit supports five different cryptocurrencies and they offer new players a 110% matched deposit bonus of up to 250mBTC. Customer support is also highly rated, which can be accessed 24/7 through a live chat facility.
Launched in 2013, Betcoin are one of the most established crypto casinos in the industry. They allow players to deposit with 9 different cryptocurrencies and the withdrawal process is instant. The platforms hosts hundreds of traditional casino games, slots, live dealers and a massive sports betting facility.
All of the aforementioned software games are backed by provably fair and they hold a license from the Curacao authorities. Live chat is available 24/7 for anyone who requires support. If you are yet to open an account at mBit, you can get a 100% matched deposit bonus up to 1 BTC.
The final operator that we wanted to include in our best crypto casino online list is Crypto-Games. The platform focuses purely on simplicity, meaning that it is a great casino for those who prefer basic gameplay. As a result, there are only 7 casino games available to play.
Nevertheless, all of these games are guaranteed for their fairness through a provably fair protocol and they are in full receipt of a gaming license from the Curacao Gaming Control Board. Although there are no sign up promotions available at Crypto-Games, the casino has one of the lowest house-edges in the industry.