Online crypto casino – Pros and cons
Before we look at our Thunbderpick review and other specific crypto-gambling sites, let’s first take a look at the main pros and cons of playing at an online casino with crypto:
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Why play at the best crypto online casinos over traditional gambling sites
We always like to be upfront and honest here at SportsGambler, and as we have explained above, there are some downsides to gambling at an online crypto casino. However, as you can also see, the pros by far outweigh the cons in our opinion.
Still, given the price volatility and other challenges, why should you choose to gamble online with crypto over your traditional fiat currency? To back up the pros and cons above, the table below shows a direct comparison between crypto casinos and traditional online gambling sites.
| Crypto Online Casino | Traditional Online Casino | |
|---|---|---|
| 100% anonymity: | ✅ | ❌ |
| Provably fair games: | ✅ | ❌ |
| Betting bonuses: | ✅ | ✅ |
| No maximum withdrawal limits: | ✅ | ❌ |
| Low house edge | ✅ | ❌ |
| Global industry regulation: | ❌ | ✅ |
| Price volatility: | ❌ | ✅ |
A closer look at the top reasons to use a crypto casino…
Admittedly, we’ve been a bit vague thus far, and we’ve only given you a quick glance at the advantages of playing at a crypto casino, so it’s now time to take a deeper dive don’t you think?
Without further ado, here is a bit more insight into the advantages and disadvantages that we mentioned above:
When you use crypto to gamble online instead of traditional fiat currencies, no one can trace your payments or your ID. As well as keeping you private or more secure, advertisers, hackers, and, crucially, your bank cannot see that you are gambling online or trace deposits back to you.
Did you know that online and offline businesses throughout the world have to pay thousands in fees to the likes of Visa, Mastercard, and PayPal? Crypto payments are much cheaper to support, giving these online casinos less overheads. We have often found that the best sites pass these savings on to you in the form of higher odds and fairer value overall.
Bigger and better bonuses
For the same reasons that we have described above, crypto casinos usually offer larger welcome bonuses with more favourable conditions. One such example is the exclusive 200% welcome offer up to $2,000 that you can read more about in our Stake review here.
Higher deposit, withdrawal, and bet limits
Have you often found yourself frustrated by the maximum limits imposed by your current gambling site? It’s not actually the online casino’s fault; generally it’s the payment companies that dictate these limits. You face no such problem on the blockchain, which is why the best crypto online casinos tend to have high limits, or sometimes no maximum limits at all.
If we’re being honest, online casino gaming can get a bit samey, right? Well, not only do crypto casinos tend to have more games, but they also have different types of games that you can’t play on a regular gambling site. The main crypto-specific genre is “provably fair games”, which allow you to verify the fairness before each round.
One of the biggest advantages of using crypto in general, not just for online gambling, is that most currencies are decentralised. This puts you in control of your finances, as the currency isn’t tied to a governing body, company, or financial institution.*
*We should point out that not all cryptocurrencies are fully decentralised. For example, Ripple (XRP) is a centralised company, meanwhile, the value of Tether (USDT) is tied to the US Dollar.
And why you might not want to use an online crypto casino…
Card on the table here, we are, for the most part, unapologetic crypto gambling enthusiasts here at SportsGambler. That being said, we’re definitely not blind to the potential pitfalls of the practice, and we certainly don’t want to present to you a one-sided case.
With that in mind, here is a brief look at the two main reasons why you might not want to gamble with crypto (though we should stress that the pros definitely outweigh the cons in our eyes):
- Volatility – This is both a blessing and a curse for the best crypto casino sites, as the value of your crypto can seriously spike in value overnight, but can also drop sharply as well. This is a potential pitfall that we simply have to tolerate for the sake of centralization and anonymity. Solution to counteract price volatility: Make your deposit in USDT. This currency isn’t decentralised, but its value is tethered to the USD, which stabilises the value.
- Market regulation – Although things are getting much, much better, the crypto gambling sector is not yet as well regulated as traditional online betting. Still, there are a few regulatory bodies that oversee and licence crypto gambling sites, such as Curacao eGaming. Solution to counteract lack of market regulation: Make sure that you register with one of the best crypto online casinos as recommended by our experts here at SportsGambler. Our BC Game review is a good place to start.
Our standout casinos
Discover the best crypto casino sites right here
One of the main issues that you will face when it comes to gambling with crypto, is finding a legit and regulated site that is 100% safe and secure. That’s where we can step in, both as avid casino gamers and industry experts.
Via the banners on this page, you can directly access our reviews of all online crypto casino platforms that are legally accessible from your location. We use geolocation technology to make sure that we only present to you the options that are available where you are.
How we rate and review the best crypto online casinos
As I said before, we’re not crypto casino happy clappers here at SportsGambler. At the end of the day, our aim is to give you clear and concise information to help you make a decent and informed decision.
This extends to our review process for all crypto casino sites, and we aim to be fully transparent. That’s why you’ll find that our Roobet review and all other ratings follow the same formula, and use the same criteria, which have been described for you here:
- Bonus offer – First of all, we take a look at the welcome offer and all other betting bonuses available on the site. It’s no secret that everything looks good in the promo material, but it’s the small print and using the bonus in practice that gives us a true measure of its quality and value.
- Usability, look, and feel – Next up, we register an account and use the site to ensure that it is user-friendly for players of all experience levels. And of course, it doesn’t hurt if the branding is clear and the site is easy on the eye as well.
- Mobile gameplay – It’s 2024, so most, if not all of us now do the majority of casino gaming on our smartphones. The best crypto casino sites now have official apps, but most are still working with mobile-optimised websites, which can be more than suitable substitutes.
- Payments – Perhaps most importantly, it’s essential that we look at the range of cryptocurrencies that are accepted on the site. Additionally, we also look at the deposit and withdrawal process and limits, and make sure that there are no hidden fees or potential trip hazards to look out for.
- Customer service – If and when you encounter a problem, it’s always good to at least have the confidence that help is on hand 24 hours a day. We test out all customer service channels and rate them based on response time and helpfulness.
- Licensing and security – To be honest, this isn’t the most exciting part of our reviews, but nevertheless it is absolutely essential. We need to be 100% certain that the site is legal and regulated, and that you will be safe and secure while playing there.
- Additional rewards and loyalty – All online crypto casino sites give a bonus to new customers, but the best ones strive to keep their existing players happy and coming back for me. That’s why we always take an early look to see what rewards await you should you decide to register and play at the crypto casino.
Top five tips for playing at an online crypto casino in 2024
Are you now converted to the potential upsides of crypto gambling online? If so, we’re pleased to hear it, but we want to make sure that you have as safe and secure a time as possible.
So before we finish up here today, here are our experts’ top five tips to help you along when playing at online casinos that accept crypto payments:
The first step should be to choose a legit crypto casino site that suits your needs perfectly. That’s why we recommend that you start with the online casino comparison and reviews here at SportsGambler.
Carefully Consider Which Crypto to Bet With
There are hundreds of cryptocurrencies, stablecoins, and altcoins to choose from, so take the time to research and pick the right one. If you want the advantages of decentralization, then Bitcoins and Ethereum are good places to start. However, if you want price stability, then USDT might be a better option for you.
Don’t deposit more than you can afford and then start each gaming session on a whim. Make a basic bankroll budget and gaming plan so that you can keep on top of your finances.v
Convert Your Account Currency to USD
Most crypto casinos will allow you to convert your account currency to USD or another fiat currency. We strongly recommend doing this as it makes your betting and account balance much easier to keep track of.
Play Some Provably Fair Games
One of the more fun things about crypto gambling is being able to play games that you can find on traditional sites. It’s definitely worth giving some provably fair games a shot, especially Crash, Dice, and Mines.
Conclusion – Find the best crypto online casinos today
Well, guys, the time has sadly almost come for us to leave you here today, but before we go, let’s have a quick summary of everything that we’ve covered here today. More than anything, it’s important to make sure that you pick a crypto online casino that we have recommended. You can also read our individual reviews on crypto casino sites, such as the Thunderpick review. Additionally, we also advise taking the time to carefully consider which crypto coin is the right one for you when it comes to gambling. Lastly, remember that you can always bookmark this page and check back in with us.
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