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Trying to figure out why so many online casinos in Asia have started allowing players to make transactions using crypto? If so, then you’re in the right place! In this article, we’ll cover everything about crypto casinos from exciting bonuses and different types of cryptocurrencies to pros, cons and whether or not it’s a safe way to make casino transactions.
A List of the Best Crypto Casinos
How Crypto Works at Online Casinos
Crypto first made its appearance around 2009 and ever since has become increasingly popular not only in Asia but all over the world. As time went by online casinos started noticing that more and more players weren’t too keen on gambling online because they weren’t comfortable with sharing sensitive information and making payments that could be traced back to them.
From the moment crypto became one of the accepted methods at online casinos, players now had the opportunity to gamble anonymously without fear of potential hackers gaining access to their personal funds, and with the added benefit of playing games from almost anywhere in the world.
Because there are quite a few cryptos that can be used to gamble online, each method may differ slightly. But to give you a general idea of what to expect when using crypto to make deposits at an online casino in Asia, we’ve provided an example using Bitcoin below.
Once you’ve chosen a reputable crypto casino click Login or Join Now
Make your way to the Cashier option and click Deposit
Select Bitcoin as your preferred crypto
Choose your payment option
Indicate how much you’d like to deposit and take note of the min/max limits
Choose your Bitcoin transfer type
After reviewing your information click on the Deposit option to finalise the transaction
Security While Crypto Gambling
Because these digital payment systems don’t have any links to financial institutions like many other payment methods, it’s natural to question whether or not it’s truly safe to use online. However, the name cryptocurrency actually came about because encryption is used to verify each casino transaction.
By using advanced coding when storing and transmitting crypto data between wallets, these methods guarantee excellent security. Not only will you be using one of the safest payment methods, but by registering at an online casino that holds an online gambling license you can rest easy knowing that in order to obtain that license the site would need to have been inspected and found to be 100% safe and secure.
Crypto Casino Pros & Cons
Although there are many casinos that have a few cryptos on their list of accepted payment methods, by doing a little research you’ll find that there are many online gambling sites that have been labelled as Crypto Casinos.
There are numerous benefits that come with using this method to gamble online, however, there are also a few downfalls that should be considered as well.
Below you’ll find a few of the pros and cons that come with using crypto to gamble online so that you have the information you need to determine whether or not this is the perfect casino payment method for you.
Although casino deposits are free and instant when using cryptocurrency, it’s important to note that the crypto itself may charge a transaction fee. There are quite a few factors that could influence the amount you’ll need to pay, however, below we’ve listed the standard fees you can expect to pay per transaction.
Details About Popular Casino Cryptos
|Cryptocurrency||Launched||Deposit Time||Withdrawal Time||Fees|
|Bitcoin (BTC)||2009||Instant||Instant||0.000042 BTC|
|Ethereum (ETH)||2015||Instant||Instant||0.0039 ETH|
|Litecoin (LTC)||2011||Instant||Instant||0.00013 LTC|
|Ripple (XRP)||2012||Instant||Instant||0.00001 XRP|
|Cardano (ADA)||2017||Instant||Instant||0.16 ADA|
|Binance Coin (BNB)||2017||Instant||Instant||0.50%-4%|
|Dogecoin (DOGE)||2013||Instant||Instant||1.94 DOGE|
Alternative Crypto Casino Methods Breakdown
|Payment Method||Deposit Time||Withdrawal Time||Fees|
|Instant Banking||Instant||0-7 Days||Depending|
|Sitpac||Instant||1-2 Business Days||1%-5%|
Our Final Thoughts About crypto Casinos
After reviewing the different cryptocurrencies and the sites that accept them, it’s not difficult to see why so many Asian players have chosen these methods to make casino transactions. Not only will you have peace of mind knowing that each transaction is safe and secure, but you’ll also get to claim exciting bonus offers!
Although there may be a small fee to pay depending on the crypto you choose to use, casino transactions with these methods are fast and free. If you’re a tech-savvy person looking to gamble anonymously, then we definitely recommend using cryptocurrency the next time you decide to gamble online.
No. Not every online casino will allow players to make deposits and withdrawals using crypto.
Yes. There are loads of bonuses available to players who use crypto to gamble online.
Although there are no fees for making casino transactions with crypto, you may need to pay a small transaction fee charged by the crypto you’ve chosen. The amount you’ll need to pay will differ depending on the cryptocurrency you’re using.
Yes. Alternative payment methods are accepted at crypto casinos online.
To play at any online casino you will need to be at least 18 years old.
One of the ways to make sure your crypto casino is safe is to scroll to the bottom of the site’s home page where you should find the logo and licence number issued by the site’s regulatory body.
Yes. There are quite a few cryptocurrencies, including Litecoin, Bitcoin and Ethereum.
When you make deposits and withdrawals using crypto you’ll find that each transaction is processed instantly.