What are Crypto Casinos?
A crypto casino differ from traditional online casinos (fiat-based) because the sites support wagering in Ethereum, Bitcoin, Litecoin, etc.
Players can deposit or request withdrawals in any of the supported cryptocurrencies. Regardless of the crypto casino sites, the staff settles winnings in the player's choice of cryptocurrency.
Standard casino payment methods like credit cards or e-wallets follow strict regulatory guidelines. But an online crypto casino is less restrictive and allows you to submit real-money bets anonymously.
Even cash-outs are possible while protecting your privacy and personal information.
Crypto and Bitcoin gambling allows players to enjoy table or slot games with digital currencies.
The best crypto casinos are global and open to the whole world. An online casino knows no borders or geographical restrictions.
Quick Info Crypto Casinos
| 🏅 TonyBet Casino | 100% up to C$1000 + 120 Free Spins |
| 🏅 Katsubet Casino | 111% up to C$1500 + 111 Free Spins |
| 🏅 7Bit Casino | 100% up to C$300 + 100 Free Spins |
| 🏅 King Billy Casino | Up to C$2500 + 250 Free Spins |
| 🏅 Mirax Casino | 111% up to C$1500 + 111 Free Spins |
Benefits of Playing on Casino Crypto Sites
You will undoubtedly notice certain advantages when you gamble on crypto and BTC casinos.
- Lower Transaction Fees: Cryptocurrencies use decentralized means of transferring value; hence, there are no middlemen costs during deposits and payouts. Users still pay low fees to get their transactions confirmed. The beauty of crypto is that you can adjust transaction costs depending on the urgency for a confirmation.
- Anonymous Online Gambling: An online crypto casino asks neither about your identity nor where you are from. Your personal information remains safe and in your control. Your bank can track your activities whenever you use traditional fiat currencies like the USD.
- You Can Play Whenever You Want: Additionally, a crypto casino is open around the clock. You are ready as long as you have a PC or Android or IOS phone with a good internet connection.
- Secure and Irreversible Transactions: Crypto transactions are indeed safe and irreversible. It can't happen that they go astray or get lost because blockchain technology is public and transparent. No central entity can take money that doesn't belong to them.
- Fast Transactions: Compared to fiat payments, cryptocurrency transactions are much faster. They can be processed and confirmed within minutes, while traditional banking can take up to three business days.
- Bigger Casino Bonuses: Crypto casinos have unquestionably better bonus offers for players. Various welcome bonuses, free spins and deposit bonus promos exist.
Disadvantages of Playing at Cryptocurrency Casinos
Despite the many positives, playing casino games with crypto also has drawbacks. We will break them down for you.
- Cryptocurrencies are Volatile: Volatility is a concern when discussing Bitcoin gambling. The value can jump up or down by 10% or 20% in a few days. Most digital coins have limited supplies, and from time to time, some are removed or added to the collection. That causes their value to rise or fall.
- There Needs to be More Adoption: Even if there are many pros to using crypto for sports betting or playing casino games, only some providers have supported them. More adoption by online casinos is needed to popularize Bitcoin casino games.
- Some Cryptocurrency Exchanges Don't Favour Crypto Gambling Platforms: Due to the public and transparent transaction records, all people can check the history of most digital currencies. Sadly some US crypto exchanges don't allow their customers to use their services if the coins have gambling connections.
- The Threat of Unlicensed Crypto Casinos: Some casino crypto sites, for example, operate without licenses or regulatory oversight. Using such platforms is unsafe because they can close shop any day or run off with your money. We advise Canadian players to use only recommended crypto casinos.
The 10 Best Crypto Casinos in 2023
Gamblers from Canada can choose from a wide selection of cryptocurrency online casinos when they feel like gaming. If you follow our recommendations, you will have a great time with crypto casino sites.
Our list of the ten best cryptocurrency casinos looks like this:
- Wolfy
- 7bit
- KatsuBet
- Mirax
- ICE Casino
- Tonybet
- King Billy
- Slot Vibe
- BC.Game
- Rocketpot
Tonybet
| Pros | Cons |
|---|---|
| 💚 Extensive offer of almost 4,000 online casino games. | ❤️ Long payouts for specific payment methods. |
| 💚 Multiple-level loyalty and VIP programs. | ❤️ No shortcuts to live casino games or table games from the landing page. |
| 💚 Deposits and withdrawals via bank, debit/credit cards, e-wallets, and cryptocurrencies. | ❤️ Customer support isn't available over the phone. |
| A sportsbook with thousands of daily matches. |
Tonybet is a known brand in the online casino industry. They have been operating for over 20 years and offer a crypto casino, sportsbook, and live dealer games. Tonybet is further known for its slot machines, which include progressive jackpot games featuring amusing bonus play.
The list of game providers includes over 65 brands at present. The card and table games selection begin with roulette, blackjack, and baccarat, but that's not all.
Players from Canada get various promotions and bonuses, such as first-deposit bonuses, reload bonuses, free spins, and cashback. High rollers can win even more by participating in VIP tournaments. Additionally, the wagering requirements in the VIP program are only 3x.
Online crypto casino players won't have difficulties wagering with crypto during their stay. Among the supported assets, they can use BTC, ETH, USDT, BCH, and others. Even though the support is helpful and knowledgeable, you can't call them over the phone in case of urgent matters.
Katsubet
| Pros | Cons |
|---|---|
| 💚 Provably fair casino games. | ❤️ RTP rate below 94.00%. |
| 💚 Quick processing of withdrawals. | ❤️ Customer support speaks only English. |
| 💚 Anonymous and private. | |
| Fully optimized for modern smartphones and tablets. |
Katsubet is an accredited crypto casino with a Curacao gaming license. Moreover, the website is SSL encrypted, offers players free demo modes, and focuses on anonymity. The choice of games is particularly eye-catching and includes over 7000 different titles.
- Slot Games
- Crypto Casino Games
- Games with Buy Features
- Live Casino Games
- Table Games
- New and Trending Games
In contrast to online banking, which can take the banks 3-4 days to finalize, cryptocurrency withdrawals are instant. Canadian players can, therefore, try Bitcoin, Dogecoin, Tether, Bitcoin Cash, Ethereum, Cardano, Ripple, etc.
Mobile gaming is one of Katsubet's biggest strengths. The entire lobby of live casino games plays wonderfully on tested Android and iOS phones. Lastly, thanks to their fair system, Katsubet allows gamblers to verify game results.
Bitstarz
| Pros | Cons |
|---|---|
| 💚 Welcome bonus of 5 BTC. | ❤️ Strict Terms and Conditions. |
| 💚 Quick registrations and deposits. | |
| 💚 Native casino games. | |
| 💚 Free deposits and withdrawals. |
Bitstarz offers a significantly easier sign-up process than any other casino crypto brand we have tested. You can immediately deposit and start playing with crypto or a fiat currency from the landing page. The game catalogue, in particular, is filled with a variety of games:
- Slots
- Live Casino games
- Table games
- Bitstarz Original games and video poker
- Crypto games
- Buy options
- Megaways
- Provably fair games
Bitstarz keeps its players entertained with unique promotions like Table Wars, Level Up Adventures or Slot wars, e.g., if you want even more bonus offers, become a VIP and get no-limit payouts and a dedicated VIP manager.
Bitstarz has won the best crypto casino award a few times, undoubtedly showing its excellence. Still, we feel like the T&Cs and rules of play are too strict sometimes. Your account could be frozen and investigated if you make a severe rule infringement.
7Bit Casino
| Pros | Cons |
|---|---|
| 💚 Supports multiple languages. | ❤️ RTP rates are not available for games. |
| 💚 A lobby of 7000+ online casino titles. | ❤️ Many restricted countries and territories. |
| 💚 Regular tournaments for both new and existing players. | |
| 💚 Follows responsible gambling guidelines. |
7Bit casino is generally a top-rated and recommended online crypto casino. It offers players simple registrations without identity verification and a bonus of up to 5 BTC. If you need more than that to get started, there are also 100 free spins. Daily promos and cashback offers are available almost every day of the week.
The list of supported game providers includes, for example, NetEnt, Betsoft, Pragmatic Play, Microgaming, Amatic, and more. There is no shortage of game entertainment as we found an arsenal of popular video poker variants and dice.
Fans of video slots will, not surprisingly, find both classic and brand-new games. These also include jackpots and mega ways. Daily and weekly races offer prize pools with additional wins. Finally, a dedicated support team speaks French, English, and other languages if something needs clarification.
Sportsbet.io
| Pros | Cons |
|---|---|
| 💚 Crypto sportsbook and casino. | ❤️ No welcome bonus. |
| 💚 Native mobile app. | ❤️ Slightly smaller odds than the competition. |
| 💚 Bet boosters. | |
| Unlimited payout limits. |
Sportsbet.io has been a dominant force and, thus, considered one of the best Bitcoin casinos since 2016. It features sports betting (in-play and pre-match), a crypto casino, esports, and virtual sports.
Whether a new or experienced player, Sportsbet.io offers everyone daily bet boosters with higher odds. Regular sports bettors are sometimes surprised by free bets with no additional wagering requirements.
We wish we had seen familiar casino bonuses and promos such as welcome offers or free spins. However, Sportsbet.io doesn't have those. They have other promotions, like mystery rewards, raffle tickets, free casino bets, fantasy leagues, and betting bots.
In detail, we have tested the withdrawal speed using Bitcoin, Ethereum, and Tether. The site sends them free of charge and in 10-20 minutes on average. In general, casino game players enjoy cashback on thousands of online games. That includes:
- Video Slots
- Live Casino Games
- Bombay Club Offers
- Unique Turbo Games
mBit Casino
| Pros | Cons |
|---|---|
| 💚 Anonymous crypto gambling. | ❤️ Restricted in the United States. |
| 💚 Perfectly optimized iOS and Android mobile apps. | ❤️ It doesn't provide provably fair casino games. |
| 💚 Excellent withdrawal limits for high rollers. | |
| 💚 First-class loyalty program. |
mBit Casino has been online since 2014, and players often recommend it in friend circles. It owns a Curacao eGaming license and is safe and secure. While writing this review, we loved the dark colours and background because it doesn't strain the eyes.
The casino lobby loads explicitly quickly on desktop and mobile devices. It comprises crypto games, slots, card games (blackjack and baccarat), video poker, and live dealer games.
There are exclusive bonuses for new players and an exciting selection of games. The welcome package entails deposit bonuses of up to 4 BTC and 300 free spins. In addition, there are perks like mBit races where you can win free cash with no wagering requirements. Players can also take quizzes and win thousands of free spins.
This Bitcoin gambling operation supports BTC, BCH, ETH, DOGE, USDT, and LTC. mBit Casino processed the transactions within 10-15 minutes every time we wanted to withdraw our winnings.
King Billy
| Pros | Cons |
|---|---|
| 💚 Huge C$2500 welcome bonus. | ❤️ No sportsbook. |
| 💚 Potential for massive progressive jackpot wins. | ❤️ No self-exclusion for problem gamblers. |
| 💚 Licensed and regulated by the Malta Gaming Authority. | |
| Daily tournaments. |
King Billy delivers a refreshing gameplay experience due to its old-school look.
It's the bonus and promotions category that delighted us the most. King Billy greets new Canadian players with a welcome pack of up to C$2500 and 250 free spins. More free spins are available as part of the ‘Slot of the Month' promo.
Following that, you can get cashback offers once a week and extra weekend promos on Gonzo's Quest slot game.
Equally important is a friendly selection of banking options. Canadians can deposit to King Billy using fiat or cryptocurrencies. Besides, most deposits and withdrawals are instant and free of charge. You can search online casino games according to the providers or the type of game. They are, thus, categorized into:
- New
- Top
- Jackpot
- Table
- Slots
- And Live Casino Games
Mirax Casino
| Pros | Cons |
|---|---|
| 💚 Low wagering requirements. | ❤️ All deposits and withdrawals aren't free. |
| 💚 Supports major cryptocurrencies. | ❤️ No live chat. |
| 💚 Everything from penny slots to progressive jackpots. | |
| On-site exchange. |
Mirax Casino is still in its infancy, launched in 2022. But players didn't take long to recognize it as a valuable asset in the crypto gambling niche. A Curacao-based company regulates and licenses the casino and makes it safe. In truth, all players can activate a 2FA system to protect their accounts from unauthorized access.
Choosing the games you want to play from the top of the site is easy. If you look at the game providers, you will find nearly 100 different names. Slots take up most of the space, but there are also jackpot games, table games, and live casino games.
The welcome package is worth CAD 1500 and includes reload bonuses and free spins. Some promos, for example, require promo codes, while other high-roller cashback offers don't.
There is a VIP program with ten stages where players can win cash prizes and free spins. The casino has a rich FAQ section explaining the most common questions players might have. In case something is missing, you can contact customer support over email. Sadly, we didn't find a live chat feature.
Bets.io
| Pros | Cons |
|---|---|
| 💚 Adheres to responsible gambling standards. | ❤️ Supports only cryptocurrencies and no fiat payments. |
| 💚 Up to 20% in cashback daily. | |
| 💚 +5000 online games, including +2500 slots. | |
| Above-average wagering requirements. |
The developers specifically designed Bets.io for crypto usage and it doesn't support traditional fiat banking methods. That dramatically impacts players' privacy, who can remain unidentified while gambling at one of the best Bitcoin casinos.
Bets.io doesn't have the biggest deposit bonuses we have seen. However, you can get a 100% matched first-deposit bonus of up to 1 BTC. Weekend reload bonuses offer up to 0.5 BTC in free cash and 120 free spins. We appreciated the weekly cashback of up to 20% and 1000 USDT.
This crypto casino supports 12 cryptocurrencies such as BTC, BCH, ETH, LTC, DOGE, USDT, XRP, etc. The customer support was surprisingly fast when we contacted them over live chat. However, we needed to wait several hours to get a response to our email inquiry.
Bets.io games are accessible via the navigation bar on the left. Overall, the most popular selections include slot games, live dealer games, table games, jackpots, and games with buy features.
Ice Casino
| Pros | Cons |
|---|---|
| 💚 270 free spins as a welcome bonus. | ❤️ No dark mode. |
| 💚 256-bits of security and firewalls. | ❤️ No standalone mobile app. |
| 💚 Customer support available over the phone. | |
| 💚 Over 50 game providers. |
Ice Casino has been a reliable casino crypto operation since 2013. It's a hybrid platform that supports crypto and fiat payments through advanced security standards. Moreover, Ice Casino has become recognizable for its casino bonuses.
Besides the welcome pack, there are weekly cashback deals, reload and no-deposit bonuses.
The selection of games has been tested and certified for fairness by the experts from eCOGRA. Meanwhile, the casino lobby features thousands of online games, including 3500 slots and famous live casino games. The most recognized table games are naturally also part of the selection.
Ice Casino organizes regular live tournaments where the prize can be up to C$20,000. You can play on the casino directly through the web browser using a phone or PC. A separate mobile app doesn't exist, and as a matter of fact, we didn't feel the need to have one.
Tips to Choose the Perfect Crypto Casino
It's certainly challenging to select the best crypto casino for gamblers in Canada. A range of options are available, and each site offers something different. We will recommend what you should pay attention to because we don't want you to make mistakes.
- Check if your favourite cryptocurrency is supported. In brief, all crypto casinos we have reviewed support BTC. The platform must support both deposits and withdrawals in cryptocurrency. Otherwise, you will have to use fiat if you can't request payouts in crypto. If you aren't using Bitcoin, but a less popular asset like Solana, check the payments page to see if the coin is supported.
- Play on trusted online crypto casino sites only. Sadly, some casinos have poor reputations due to how they handle their business. To ensure you use a reputable brand, check if it's on our list of Canadian crypto casinos. Given that, always look for licensed casinos.
- Take into consideration the games offered. If you enjoy playing exotic games, then search for your favourites before signing up. Some cryptocurrency casinos, for example, don't have sportsbooks. If sports betting is a priority, you will have to search elsewhere.
- Check the quality of customer support. Before depositing real money, we always speak to the customer service department. You need to be sure they are knowledgeable and have the skills to help you. As an illustration, ask them some questions and see how long they need to respond and in what manner.
What Casino Games Can I Play on Crypto Casinos?
A good crypto casino evidently offers its players exhilarating games in various varieties.
Look at our table below to discover what is out there for you:
| Casino Game | Game Variants |
|---|---|
| Slot Games | Classic, progressive jackpots, 3D, penny slots, slots with buy features, megaways, bonus game slots, video poker. |
| Table Games | Blackjack, roulette, poker, baccarat, craps, Sic bo, money wheels. |
| Live Casino Games | Live blackjack variants, baccarat, roulette, poker, live game shows, Sic bo, Dragon Tiger. |
| Instant Win Games | Lotteries, bingos, scratch cards. |
| Provably Fair Games | Dice, Plinko, Keno, Mines, HiLo, Mines, Crash. |
| Sports Betting | Live, pre-match, virtual sports, eSports, and future betting. |
Bonuses and Promotions on Cryptocurrency Casinos
Online crypto casino brands undoubtedly have large casino bonuses that they offer to their players. Compared to traditional fiat casinos, we have found that these bonus promos are significantly more lucrative.
The main reason is that crypto casinos save a ton of money by transacting with cryptocurrencies. When moved between two addresses, digital assets like Bitcoin or Ethereum have pretty low transaction fees. Since they save capital on these fees, they give back more to the community with attractive casino bonuses.
When you get a bonus, you have activated a cheat code. You can place larger wagers than the money in your account balance. In either case, more capital means greater chances to land big wins.
There is a catch, however. Rules and wagering requirements control how often you must roll over the bonus cash before it's yours. That can be anywhere from 20 to 70 times the amount and differs from site to site. We encourage you to read the TOS as soon as you want to activate a casino bonus.
You can play without any rewards or promotions and only gamble with the real money you brought. Some players choose that, but that way, they don't get a boost when they start playing.
Here are the most popular types of crypto bonuses available:
- Welcome Bonuses
- First Deposit Bonuses
- Reload Bonuses
- No Deposit Bonuses
- Free Spins
- Cashback Bonuses
- Loyalty and VIP Bonuses
Welcome Bonuses on a Crypto Casino
Firstly, a welcome bonus is usually a combination of several casino bonuses. The best Bitcoin casinos will offer them to players the moment they register. In truth, the welcome package consists of a matched deposit bonus and free spins. Some platforms provide no-deposit bonuses as part of the welcome promo as well.
It's important to realize that a real cash deposit is mandatory to activate a deposit bonus. If the online casino matches the promo 100%, you get double the money in your bankroll. So, if you deposit 1 BTC, a 100% matched bonus will take your account balance up to 2 BTC.
First Deposit Bonuses
As the name might suggest, this is undeniably a bonus you receive the first time you deposit. They come with minimum and maximum deposit amounts and aren't valid for the 2nd, 3rd, or subsequent transactions. The first deposit bonus is frequently more tempting than the rest to give you a more significant edge initially.
Reload Bonuses on Crypto Casinos
A reload bonus is a term that describes the rewards you receive whenever you deposit multiple times. Those are the deposit bonuses during the 2nd, 3rd, 4th, etc., deposit to a crypto casino. Such promotions can be lower in price money and only be matched at 50%, e.g.
No Deposit Bonuses
A no deposit bonus would enable new players to start playing without delay, even if they didn't make a cash deposit. It's an effective strategy to test a new online crypto casino without risk to your capital.
An online gambling site doesn't always provide a no-deposit bonus as free cash. You can also receive free spins, i.e., these promotions are lower than real-money deposit bonuses. But we think they are worth it as they let you test out new games for free.
What are Free Spins?
Free Spins is another bonus that goes hand in hand with the welcome bonus package. Hence, it allows gamblers to play a fixed number of free rounds on online slots. The site rarely gives you a choice of which game you want to play as they select it.
In addition, there could be time limits regarding how long you have before the free spins promo expires. Many casinos also limit the maximum wagers players can make per session. Once you have met all rules and wagering requirements, the site will add any amount won to your overall balance.
Cashback Promotions
When you lose funds on sports betting or online casino games, you can get some back through cashback bonuses. Cryptocurrency casinos send the money back to players in a percentage depending on how much they lost. This offer could say 10% cashback weekly up to C$200, i.e. If you wagered and lost CAD 200 in the previous week, then the platform will give you C$20 in new bets.
Loyalty and VIP Bonuses on Casino Crypto Sites
Loyalty programs are common overall on online gambling platforms. Players participating in such promotions receive specialized treatment and collect points they can convert into rewards. Loyalty programs are, in essence, multi-tier systems where the payouts depend on the level you have reached.
VIP Bonuses are for players who spend significant money on a crypto casino. They can, therefore, enrol in VIP programs and receive promotions not available to regular players.
Are Crypto Casinos Secure and Fair?
Cryptocurrency transactions rely on blockchain technology for security and transparency. Crypto is the first and most successful use case of blockchain technology. That is to say that cryptocurrency casinos differ from traditional fiat platforms in several ways.
- A crypto casino hosts provably fair games. Standard online casinos give players no insight into the results of their bets. To explain, they must trust the providers and can't verify outcomes. Crypto casinos have provably fair games where players can verify every result publicly.
- Crypto gambling sites don't ask for sensitive information. Fiat casinos have obligatory KYC upon registration and AML checks for the source of your money. The security teams store these records on centralized servers, making them a target for hackers and scammers. In contrast, crypto casinos are more relaxed in this regard and often require the bare minimum, for example, only an email and password.
- Cryptocurrency doesn't have a single point of failure. Since traditional online casinos keep all data in the same place, they have a single point of failure. In short, if their servers crash or malfunction, the entire site disappears. But the blockchain is public and distributed and isn't affected by the uptime of any single server.
Regulation and Licensing of Crypto Casinos
Regulation and regulatory frameworks, in sum, differ from country to country. Some nations regulate crypto gambling, while others consider it an objective for the future. Please ensure that you always follow the local laws wherever you are.
In Canada, for example, each province regulates its local subjects. Players must report and pay taxes on their capital gains from crypto gambling.
Cryptocurrency casinos, though, acquire gaming licenses to show their seriousness and honesty. Experienced regulators protect players from harm and guarantee that the sites will respect their terms of use. Playing on licensed online casinos is undeniably the best way to protect your data and finances.
Regulators perform audits to check the fairness and trustworthiness of casino software. License holders can penalize sites and even cancel their licenses whenever a site doesn't follow recommended guidelines. If regulators deem specific terms unfair, they can request that the casinos alter or remove them.
In the hope that it will help, these are the most popular regulators for crypto casinos:
- Curacao
- The UK Gambling Commission
- Malta Gaming Authority
- The Gibraltar Gambling Commission
- The Alderney Gambling Control Commission
Which Cryptocurrencies Do the Best Crypto Casino Sites Accept?
As an illustration, there are over 20.000 crypto coins and tokens as of February 2023. Many aren't that popular, and you can't find them as deposit and withdrawal methods on gambling sites. Still, there are some we believe it's worth keeping in mind when you participate in crypto gambling. We will list the 25 most popular options for Canadian players.
| Cryptocurrency | Abbreviation |
|---|---|
| Bitcoin | BTC |
| Ethereum | ETH |
| Tether | USDT |
| Binance Coin | BNB |
| Ripple | XRP |
| USD Coin | USDC |
| Cardano | ADA |
| Dogecoin | DOGE |
| Polygon | MATIC |
| Solana | SOL |
| Polkadot | DOT |
| Litecoin | LTC |
| Tron | TRX |
| Dai | DAI |
| Chainlink | LINK |
| Monero | XMR |
| Bitcoin Cash | BCH |
| Stellar | XLM |
| Binance USD | BUSD |
| Shiba Inu | SHIB |
| Avalanche | AVAX |
| Uniswap | UNI |
| Tezos | XTZ |
| Zcash | ZEC |
| Dash | DASH |
Is Customer Support Available on a Crypto Casino?
When we review crypto gambling sites, we especially pay close attention to the quality of the customer service department. It's, by and large, a vital element in any ratings we issue to individual operators.
It's rare to find online crypto casino platforms today that don't offer players dedicated customer support. If you come across a place like that, we recommend staying away. Customer service is who you turn to in case of issues or problems that may arise.
In essence, we have discovered that the support agents are available through the following:
- Live Chat
- Email Support
- Phone Support
- Support Over Telegram and Other Social Media
Live chat and email support are surely the two most common methods to contact customer support.
Availability over the phone isn't typical, and we think many casinos can do better in general. Crypto holders often use Telegram in their circles, so it's positive that support agents are active on that medium.
NFTs in Combination With Online Gambling
Sooner or later, new cryptocurrency trends will appear on the market and cause a frenzy among users. The appearance of NFTs did precisely that in 2014. Since then, they have entered multiple industries, including the crypto casino niche.
What are NFTs?
NFT stands for Non-Fungible Token and specifically refers to a unique asset. A CAD 10 bill, i.e., is fungible, and each item is worth the same. You can replace one C$10 note with another, and you will hold the same value.
A non-fungible token is distinctive, and each unit is designed differently. Further, these coins are tokenized and reside on a blockchain. Users can find Most NFTs on the Ethereum blockchain, but there are others.
Anything from the real world can be tokenized, such as artwork, identities, real estate, property rights, and tweets. An NFT is publicly available, but only one person owns it and can produce the required digital proof.
Meanwhile, the most significant use cases for NFTs are digital collectables and art. However, they are also popular as trading cards for sports and online video games or as proof of land ownership in virtual surroundings.
What Use Case Do NFTs Have in Crypto Gambling?
Crypto casinos have noticed the popularity of NFTs and are, thus, starting to introduce them in various ways. Rather than depositing fiat or crypto coins and tokens, NFTs can be used for wagers. Instead of paying standard casino bonuses, you can earn a non-fungible token.
Certain gambling platforms have started minting their NFT collections that they can give to players as tournament/promo rewards. Another popular trend is purchasing land in metaverse blockchain games. This virtual territory can be re-sold to loyal players or used as a location for a VR casino.
After that, we noticed that sites allow their players to engage in sports betting with NFTs. That is equally true for regular sports and eSports. Fans of jackpot games can now get their payouts in non-fungible tokens.
How Does the Future Look for Crypto Casinos?
To begin with, we expect that game designers will create new and revolutionary casino games. Access to gambling platforms will become global and straightforward regardless of a player's location. The speed of internet access will, sooner or later, improve worldwide to allow for a superb gaming experience.
Live dealer games will surely change with the introduction of new technologies. Virtual reality allows walking around a 3D VR casino and looking at other players' actions. It can also help to find winning tables or interact with fellow gamers.
New tech advancements will make it possible to use AI software and supervise the gameplay with your eyes or voice. Instead of clicking on your computer mouse or a phone's touchscreen, you will use brand-new technology. With it, you will look and tell the casino what bets to make.
Crypto Casinos and Responsible Gambling
Currently, the best cryptocurrency casinos respect and adhere to responsible gambling guidelines. This initiative aims to offer players a safe environment for online gambling while protecting potentially problematic players. We suggest that you consider the casino industry as entertainment, not a job that pays your wages.
If it starts feeling like an addiction and has a negative impact, then crypto casinos will recommend seeking professional help. Online casinos have developed tools that help them filter out underage gamblers. Additionally, there are several options to combat gambling addiction.
- Time Limits – A crypto casino has a feature where you can set how long you are allowed to gamble, e.g. When you have reached the limit, you will no longer be able to play that day.
- Loss Limits – A configured loss limit explicitly determines the maximum sum of money you can lose in a specific period. It's convenient because it prevents losing more than what you can afford.
- Wagering Limits – Wagering restrictions prevent problem gamblers from playing above a set number. By the same token, players can limit how much they can deposit.
- Self-Exclusion – The self-exclusion feature freezes your crypto casino betting account temporarily or permanently. Once you are in that state, you can't submit bets.
- Pop-Up Notifications – In brief, messages show players how long they have been gambling. Consider taking a break with this in mind.
What Challenges Could Online Crypto Casino Sites Face in the Future?
The competition in the crypto gambling market is rigorous. Hence, new sites offer more than the old and established ones. Players will forget about them and go elsewhere unless they keep up with recent trends.
Changes in local laws and regulations could make online gambling illegal in certain jurisdictions. Further, regulators could ban whole sets of games by specific providers in some countries. More taxation would affect returns and make operating a casino unprofitable.
Recurring data leaks have finally made people mindful of their private information. Cryptocurrency casinos generally don't require identity verification. Hence there are no records to lose.
Lastly, scammers use various techniques to take advantage of online casino offers. For example, they create multiple accounts to collect casino bonuses numerous times, which isn't allowed.
VPNs and IP-changing software allow masking the location of the player. Cheaters the casinos banned in the past could again return or gamble from restricted areas, i.e.
FAQ
What is a crypto casino?
A crypto casino differs from a regular online casino because it allows players to bet with cryptocurrencies.
Is crypto gambling legal?
That depends particularly on whether online gambling is legal in that territory. If it is, so is crypto gambling.
I don't own Bitcoin. Can I gamble with any other coins?
You can place wagers with, for example, Ethereum, Litecoin, Tether, Dogecoin, Ripple, Bitcoin, etc.
Do crypto casinos accept Canadian players?
Many cryptocurrency casinos accept players from Canada.
Are crypto casinos optimized for mobile use?
They are available as mobile casinos and support Android and iOS operating systems.
Lars Wahlström is a recognized leader in the iGaming industry, with over 20 years of experience from both the tech side and an operator. He's now CEO and Publisher at ARGO Gaming Group, the company behind Casinoclaw.
Games and gambling has been an interest of Lars' since early years and besides slots and casino, he's also into poker, sports betting and trotting.
All this experience is drawn upon when he writes, and we dare say he's one of the best casino writers out there. Lars' base is the ARGO HQ and Stockholm office, but he travels a lot and often participates in industry trade shows and panels. To get in contact with Lars, use our contact page or message him directly on LinkedIn or Twitter.
