Crypto Casinos 2023 Review
Crypto gambling is gaining momentum quickly owing mainly to the privacy it inspires and the significant earning potential from crypto prize pools. There are several trusted crypto casinos on the market today, each with pros and cons.
Before depositing crypto into a Bitcoin (BTC) casino, you must consider many factors. First, you must know what a crypto casino is.
What is a crypto casino?
A casino can be one of the best places to be! That said, I do not advocate reckless spending of money at a casino - you should only 'invest' what you can afford to lose. Winning at a casino is a matter of both luck and skill.
Online casinos generally offer more consumer protection, as you can play your favourite slot machines, blackjack, and roulette games from the comfort of your home computer, device, or phone, with the option to set spending restrictions. You can also regulate the time you spend on a platform.
A crypto casino is an online gaming platform that accepts crypto deposits. Now, this has its advantages and disadvantages. Depositing in crypto eliminates KYC/AML regulations. No 'records' of your spending activity can be directly traced to your bank account.
Associated fees are on the lower side, and jackpots are significantly higher than in other online casinos. Of course, all of these 'goodies' come with potentially drastic drawbacks as well.
Let's examine the pros and cons of crypto casinos in detail.
What are the advantages of gambling at a crypto casino?
The pros of crypto gambling include:
- Absolute financial privacy: Some crypto casinos offer complete financial privacy, while others restrict your privacy depending on the cryptocurrency you deposit on the platform (Bitcoin deposits, for example, will unlock greater privacy).
Financial privacy equates to financial freedom, as records of your activities at such institutions are not documented by banks or credit agencies. This means you can gamble in peace, away from prying eyes - but please, always be responsible. Do not get rekked!
- Low fees: Compared to other online casinos, crypto casinos charge significantly lower fees. When you think of a traditional casino website, deposit, withdrawal, and credit card fees come to mind.
Transferring cryptocurrencies like Bitcoin and Litecoin (LTC) from a crypto wallet to a Bitcoin casino, for example, is cost-effective and saves time - the best of both worlds.
- Play from anywhere, literally: The gambling industry is heavily regulated, and rightly so. Online casinos must acquire a licence of operation and ensure their activity is legal in each country they provide their services.
Additionally, taxes, fees, and suspicious activity must be reported at the earliest. Players from restricted countries are likely to be blocked, even if they use a VPN to access the website (bank/credit card transfers will reveal your identity eventually).
This is not the case with crypto casinos. You can deposit and withdraw cryptocurrencies from almost anywhere and use a VPN to hide your location. You can gamble anonymously. Mind you, ONLY indulge in crypto gambling on a licensed website.
- Lucrative bonuses: Using cryptocurrencies helps crypto casinos save on chargeback, deposit, and payout fees. These savings allow institutions to offer better bonuses and more frequent promotions. Bonus sizes, therefore, result from avoided costs rather than some scammy scheme.
Many of these pros may lead to daunting cons. Let us dive into them.
What are the disadvantages of crypto gambling at a casino?
Listed below are the cons of crypto gambling:
- Lack of regulation can come back to haunt you: Online casinos should be licensed. If they are not, they will cease to exist in no time. This means that they must abide by KYC/AML regulations. Owing to fiat currency circulation, governments, financial institutions, and banks are actively in the loop.
Cryptocurrency operation, however, can be done without a licence. This means no governmental agency or traditional financial institution is reported to.
- No chargebacks: An online casino only accepts payment via bank transfer, credit card deposit, or other traditional fiat deposit methods (like PayPal or Google Pay). As part of the traditional finance system, these gambling institutions must deal with chargebacks.
This means you can request your credit card provider, for example, to execute a chargeback, leading your gambling operator to help recoup your funds. This is in case you feel scammed or there is proof of wrongdoing on the part of the online casino.
Owing to the lack of a financial intermediary when it comes to deposits in a Bitcoin casino, you cannot request a chargeback. This means you must be extra vigilant and place your trust in only the best of the best. Do not click on scammy links!
- Cryptocurrency price volatility: When you win when gambling on an online casino in GBP or USD, your funds are safe from extravagant price fluctuations. That may not be the case when you are crypto gambling.
If you win in BTC, for example, you may wake up to see that the cryptocurrency's price has fallen significantly. Be extra careful when cryptocurrency gambling and withdraw your winnings immediately. The last thing you need is price fluctuations eating into your profits.
If you keep in mind the above cons of crypto gambling, the switch from traditional gambling to crypto gambling may not be a tough one, especially considering the many advantages of indulging in the cryptocurrency side of things.
When you are looking for a crypto casino, there are points to keep in mind.
What you should look for in a crypto casino
To have the best crypto gambling experience, look for these things when considering a crypto casino:
Always opt for licensed crypto casinos: Unlicensed casinos may offer more lucrative bonuses and promotions, but they come with greater risk. Remember that you cannot fall back on a third-party institution to help you if you are scammed. You are your own boss.
Seek the best overall experience: Some casinos offer better experiences and features than others.
When considering crypto casinos, look at restricted countries, the number of accepted cryptocurrencies, customer care, provably fair games, payout and withdrawal terms and conditions (including speed of action), the number of available games, and VIP bonuses and programmes.
Anonymity: If you are looking for an anonymous experience, perform due diligence and choose the best option. Keep in mind the above two points to stay on the safer side.
Additional safety controls: Crypto casinos that allow you to control spending limits and monitor the amount of time you spend on the platform are not just looking to earn money but actually care about their customers. In an industry where customer well-being is often overlooked, look out for yourself.
Now that you know what crypto casinos are, everything about choosing one, and the pros and cons, it is time to explore the best cryptocurrency gambling websites in the business today.
Top crypto casinos 2023
Mentioned below are the best crypto casinos in 2023:
Stake: Best overall cryptocurrency casino experience.
Cloudbet: Fantastic crypto welcome bonus.
BC.Game: A gamified VIP programme experience makes it stand out.
Bitcasino.io: The best user experience in the business.
Bets.io: Anonymous crypto gambling? Here is your best bet (pun intended!).
Thunderpick: Where innovation and cryptocurrency gambling meet.
Metaspins: The best customer care at your service.
Founded in 2017 with a Government of Curacao licence, Stake is one of the more well-rounded crypto casinos on this list.
Stake offers more than 100 cryptocurrency deposit options such as Bitcoin, Ethereum (ETH), Litecoin, Dogecoin (DOGE), and Ripple (XRP), more than 1,000 casino games, an active community, and multiple languages of operation. 2FA safety is another important point of consideration, as well as lucrative promotions.
The website comes with an attractive user interface (UI). To create an account, click the Register Instantly button, enter your email address and date of birth, and create a username and password. Agree to their terms and conditions and click on the Play Now button.
Alternatively, you can register via Facebook, Google, LINE, or Twitch. If you do not own crypto, fiat deposit options such as debit/credit card, Google Pay, and Apple Pay are also available.
While Stake offers frequent, amazing promotions, there is no welcome bonus, which is odd. Other sports betting websites may offer better odds than Stake on major sporting events. In terms of payout details, fees, and restrictions, it is difficult to determine how Stake operates.
https://www.cloudbet.com/en/) is one of the best crypto casinos in the business and offers an amazing BTC welcome bonus. If you deposit up to 5 BTC, you will receive an unmatched welcome bonus, which is hard for rivals to match. Founded way back in 2013, Cloudbet also holds a Curacao licence.
You can deposit numerous cryptocurrencies, such as Bitcoin, Ethereum, Dogecoin, Bitcoin Cash (BCH), Tether (USDT), and Polkadot (DOT). In terms of community support, the crypto exchange offers a whopping 17 languages of operation, including English, Spanish, German, Italian, French, Russian, and Japanese.
To register, simply enter your email address and create a password. You can register via Google, Facebook, and GitHub as well.
With a beautiful UI, provably fair games, a secure website, thousands of slots including more than 50 live tables, a rather impressive sportsbook, exotic betting options, and withdrawals within 10 minutes, Cloudbet is a good cryptocurrency betting option.
That said, Cloudbet has a fair share of cons, including limited details of operation (fees, restrictions, and payout details), the VIP programme being invite-only, and a potential handling fee for deposits.
Looking for a promotion-driven crypto gambling experience? BC.Game has your back. At the time of writing, BC.Games offers 15 promotions. Its welcome bonus is outstanding. New players will receive a bonus of up to 270% on their first deposit, which may go up to 360% by the time they make their fourth deposit! Neat.
Founded in 2017 with a Curacao operation licence, you can deposit hundreds of cryptocurrencies and take advantage of the service in numerous languages. The website comes with a light and dark mode, a simple layout, and, most importantly, a provably fair selection of casino games.
That said, the lucky spin game is not provably fair. Given that it is a ‘lucky’ spin, you will not lose any money, so try it regardless! To register, simply enter your email address/phone number, create a password, and agree to their terms and conditions.
One of the standout features of the gambling provider is the ability to exchange altcoins for Bitcoin, Ethereum, or Dogecoin. This means that you can play with a wide selection of crypto assets! BC. Game’s VIP experience is among the best around.
Bitcasino.io, or Bitcoin Casino, is an interesting option for crypto gambling. As soon as you open the website, a popup will appear on the bottom left of your screen, requesting you to connect your MetaMask wallet to the website. This will enable you to log in, deposit, and withdraw, all from one place.
Bitcasino.io has the simplest website of the options reviewed so far. You can log in with MetaMask or Google. Alternatively, you can create an account by creating a username and password. Google Authenticator 2FA is available, making website login a secure experience.
The crypto gambling provider was founded in 2014 and, surprise, surprise, holds a Government of Curacao eGaming licence. Bitcasino.io claims to be the first of the licensed crypto casinos. I cannot verify whether this is true.
The welcome bonus is quite attractive, to say the least.
You will receive 20% cashback on your deposit! Bitcasino.io has a sound customer service reputation. That said, if you want to ask a customer representative questions before registering, this is not possible. You can access a list of FAQs instead.
You can deposit cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Tether, and Cardano (ADA). Fiat deposit options are dependent on your region. The cryptocurrency casino has a solid Loyalty Club, so do check it out.
Other pros include more than 3,000 casino games, by far the largest selection on this list, and many active promotions. The provider's sportsbook odds disappoint, though. Compared to prominent crypto gambling and online gambling providers, the odds on offer are on the lower side.
Bitcasino.io is not an anonymous gambling website. For anonymous gambling, check out Bets.io.
This brings us to the final crypto casino of the discussion, Thunderpick. Apart from having a cool name, the gambling provider does pack a punch. The crypto eSports betting website is an innovative colossal.
Registered as recently as 2017 under a Curacao eGaming licence, while Thunderpick’s website may not speak of innovation, its offerings sure do. Starting from the registration process, it is quite easy to sign up.
With the craze for eSports reaching feverish heights of late, Thunderpick is one of the best websites for eSports crypto gambling. Popular tournaments for games such as League of Legends, Dota 2, Valorant, Rainbow Six, Kings of Glory, and Overwatch are covered, with impressive odds.
At the time of writing, 212 eSports events are covered, with mesmerising promotions to back up your gambling prowess. If you are not interested in eSports, the sportsbook offers good odds, and there are many casino games to choose from with good promotions.
Thunderpick is one of the best crypto casinos for prize pools, with lucrative daily prize drops. Along with promotions and prize pools, a well-crafted rewards scheme is in place. The games at Thunderpick are provably fair and, importantly, there is an option for responsible gaming restrictions!
This is very important if you think you may have a gambling addiction. I urge you to explore this option and consider Thunderpick for this feature alone. With nearly 2,000 slots, an active betting community, exotic casino offerings, and a VIP membership programme with insane perks, it is hard to look beyond Thunderpick.
Crypto casinos conclusion
On a final note, DYOR at all times, stay safe, and choose a crypto casino that best meets your gambling needs. Have fun!
Author: Brendan Beeken
Moni Talks Founder and Chairman Brendan Beeken is an entrepreneur, commercial strategist, investor, and philanthropist. He writes on a wide range of subjects, including cryptocurrency, decentralised finance, blockchain, business advice, and professional wellbeing, for news and business websites, as well as Latest Moni and his personal site, brendanbeeken.com. Brendan draws from his own research and more than two decades of personal experience in business to offer a unique insight, perspective, and commentary on diverse subjects. He is passionate about making the cryptocurrency space more accessible and encouraging safer and more responsible trading and investing. Brendan's LinkTree is https://linktr.ee/brendanbeeken.