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Crypto Betting

Crypto Betting Rating: 6,7/10 5079 votes

One can offer crypto betting under any of the licenses. A token-based software supplier license is especially popular with crypto and blockchain operators. The following application and annual license fees apply. Stake crypto casino and sportsbook was created by the Primedice team, a pioneer casino in the acceptance of Bitcoin. It inherited the concept of ‘provable fairness’ to prove to players that the results are fair and not manipulated.

Betting

Crypto Casino Guide provides qualified and trusted insight into the emerging space of cryptocurrency gambling based on genuine player experience. Having originated from within the trust-agnostic domain of blockchain and cryptocurrencies many websites we review feature cryptographically enforced provable fairness and otherwise conform to the highest security standards. Whether you are new to cryptocurrency or a proficient verteran, our expert advice will help you make the most out of your Bitcoin, Ethereum and the like.

Before we start: If you happen to be unfamiliar with either gambling or the cryptocurrency space – don’t worry. Irrespective of your prior experience please feel free to explore our dedicated beginner guides and ressources to help you find your way.

Undoubtedly any numerical ranking of the best cryptocurrency casinos can only provide an abstraction of the quality of the player experience you might encounter on those sites. Nevertheless we have identified an entire spectrum of quality characteristics, which are in our opinion reflective of the most reputable and trustworthy casino operators.

  • Fairness: The very best casinos implement provably fair games. Provable fairness relies on asymmetric public-private key cryptography to resolve bets and ensures that neither the casino nor the player can cheat the other party. In case of third party game providers, only the most reputable are integrated.
  • Security: Cryptocurrency transactions are immutable. This is why website and account security is an even more important feature for crypto casinos. Good providers protect their funds using cold wallets and multi-signature arrangements and their user’s accounts by sophisticated security and two factor authentification.
  • Stochastics: Excellent casinos offer competetive odds and return to player (RTP) parameters. Reputable providers typically feature at least 99.0% RTP on Dice and other original games and close to Las Vegas odds (about 99.5+%) on Blackjack. We provide you with the very best selected RTP games and you don’t have to settle for less.
  • Functionality: A healthy diversity of games is fundamental for many players. Premium casinos feature a wide selection ranging from Dice to elaborate real table games and a sportsbook with live betting.
  • Privacy: Top casinos care about their user’s privacy and protect their data. While allowing vibrant community interaction they don’t abuse your personal information or they even permit anonymous registration.
  • Speed: Good casinos are technically optimized and performant. They offer dice bots or API access to automate the betting process to pursue individual strategies.
  • Bonuses: Quality casinos reward their players’ loyalty by selected bonus incentives. These may range from a small percentage of rakeback on every bet over jackpots and raffles to dedicated VIP programs for high rollers. On the other end of the spectrum casinos may offer free crypto faucets to provide a seamless transition for new and recurring players.
  • Support: The intricacies of blockchain technology make a quick and competent support indispensable. Even though ideally not noticeable in-play, the underlying mechanics of cryptocurrencies should be made easily accessible and explainable to the clients as well as be covered by efficient troubleshooting.

The above criteria form the foundation of our qualified judgement and should always be given due diligence before committing to any crypto casino operator. A great authority on integrity in crypto gambling you can check for further information is the Crypto Gambling Foundation.

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10000$ daily races

Crypto Betting Sites

Excellent casino, the gold standard in crypto gambling. Great fundamentals, modern design and huge game selection.

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Earn a profit share by staking tokens

Popular casino with large slot and live games selection and regular events. Features an innovative earning mechanic that allows participation in the casino's profits.

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VIP Club, Tournaments, Loyalty Club

Beginner-friendly crypto casino which will immediately feel familiar to classic casino players and new crypto users.

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3+ BTC Jackpot, 2000$ weekly race

One of the oldest crypto casinos (est. 2014), currently in the process of being rejuvinated. Fast and modern with a dedicated mobile app.

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Parlay, Survivor pools, Jackpot

Crypto Betting

Very popular sportsbook with high-stakes live poker and casino games.

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Up to 0.003 BTC daily Faucet, 0.8% HE VIP Dice

Crypto

Provably fair casino with superior return to player on crypto dice and lottery and a generous crypto faucet.

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Up to 30% Rakeback, 0.0025 BTC daily Faucet

Dedicated and fast crypto dice site with a free crypto faucet, high rakeback and an engaging level system.

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Up to 30% Rakeback

Fast modern casino with an engaging loyalty program including excellent VIP rakeback rewards.

This website is supported by affiliate links wherever applicable. These compensations are provided by some casinos in order to incentivize new user referrals. Importantly however, these referral incentives are solely paid for by the casino and neither affect your chances nor our review ratings in any way. We want to provide you with the information to help you find the best casino experience and be a winner.

  • Provable fairness
  • Decentralization
  • Censorship resistance
  • Personal liberty
  • Capital gains on crypto funds
  • Casino investment options
  • Community

Contrary to popular belief, the online gambling industry is not very open to innovations. There are some unnamed rules in this industry: Working with a prestigious licensor, regular auditions by a reputable auditing company, not accepting players from some countries … Only the gambling sites that meet all of this criteria are considered as “reliable” and recommended. The review sites also prepare their content in accordance with these criteria. These are the things that all professional editors first check in a gambling site. However, both the online gambling industry and these criteria are about to change forever: Crypto gambling has the potential to change the rules and determine the future of this industry. In this article, you can find everything you want to know about crypto gambling.

Stake Crypto Betting

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What Is Crypto Gambling?

In its simplest form, crypto gambling is a kind of gambling that uses peer-to-peer currencies. We are sure you’ve heard of virtual currencies like Bitcoin, Ethereum, and Litecoin. In crypto gambling, these are used as currency. So there is no difference in terms of content: You still play the same casino games. The rules of the game, the conditions of winning, and the probabilities do not change. Instead of “classic” currencies like USD and EUR, you play using encrypted virtual currencies.

However, this definition is insufficient to explain the meaning of crypto gambling. If crypto gambling was merely a currency change, it couldn’t have the potential to change the whole industry. The distinguishing element here is the blockchain technology used by these virtual currencies. This technology does not directly affect the games, but it changes the operation of the casinos from start to finish. We will give more details below, but before we continue, know that there are two types of crypto gambling sites at the moment:

  • Online Casinos That Support Crypto Currencies: There are more casinos of this type. These casinos support virtual currencies (Bitcoin, Litecoin, Dogecoin, etc.) in addition to other currencies. Crypto currency support is only valid for deposit and withdrawal transactions, and there are no other advantages provided by this technology. Such casinos can be a starting point for entry into the world of crypto gambling, but that’s all they can offer. They do not have a “revolutionary” feature.
  • Online Casinos That Are Built On The Blockchain: These are the “true” crypto gambling casinos. In such casinos, virtual currencies are not only supported as a deposit/withdrawal method. All the advantages of blockchain technology are used. The real crypto gambling experience can only be offered by this type of casinos. Below, we will explain what this means.

How Does Crypto Gambling Work?

The most important feature of blockchain technology is to make safe, fast, and anonymous money transfers. For example, the recipient and sender information of a transfer over the blockchain is always confidential. You can see when the transfer takes place and even what the amount is, but you never see who the parties are. For this reason, crypto gambling sites have, above all, the following advantages:

  • Anonymous Membership. You do not need to share your credentials to become a member of a crypto gambling site. An e-mail address is enough to sign up.
  • No Country Limitations. Wherever you live in the world, you can make money transfers via blockchain. Therefore, country restrictions that normal gambling sites perform due to their licenses do not apply to crypto gambling sites.
  • No ID Verification. You do not need to verify your identity to withdraw your winnings. You can play anonymously, earn money and withdraw it at any time.
  • Fast Cash Outs. Both deposit and withdrawal transactions are completed within seconds.
  • No Commissions. You do not have to pay a commission or a transaction fee to any brokerage company. There is no need to pay a fee for blockchain transactions.
Betting

However, the most important feature of crypto gambling technology is that it removes the need for licensors and supervisory agencies. These institutions were established to guarantee that the games presented are fair and to control the operations of the casino. However, crypto gambling sites do not need to have an electronic gaming license. They do not even need to be audited. All this is done by the blockchain itself and/or users.

Crypto Gambling vs. Normal Gambling

Before continuing, let’s show the differences between the two types of gambling sites on a table:

Crypto GamblingNormal Gambling
Anonymous MembershipYesNo
ID VerificationNoYes
Country LimitationsNoYes
Deposit/Withdrawal TimeSecondsHours – Days
Fees/CommissionsNoYes, plenty
Electronic Gaming LicenseNoYes, mandatory
Constant AuditionNoYes, mandatory
Truly Fair GamesYesNo
House Edge0.87% (average)5-15% (average)
Currency Exchange Rate LossesNoYes

The “provably fair” feature is the reason why crypto gambling sites do not need a license. Simply put, an RNG software decides whether or not you have won in regular gambling sites. For example, if you are playing poker, which cards you will get depends on the numbers generated by this software. In normal gambling sites, the RNG software is controlled by the casino. In other words, there is no way to know whether the numbers generated are really random. Crypto gambling sites also use an RNG software, but thanks to the provably fair feature, it is possible for players to control randomness before each “roll”. Again, to put it simply, the website will send an encrypted seed to your computer beforehand and roll the dice after that. After the roll, you can check this seed and see if it really is random. In other words, it is not possible to cheat on games with the provably fair feature, and for the same reason, the house edge rate is quite low.

Some crypto gambling sites using a more advanced blockchain such as Ethereum take this one step further: In these sites, RNG software is stored on the blockchain, not on the casino servers. So it is not possible at all to interfere with its functioning. Crypto gambling sites do not need a license and/or audition for this reason: The guarantee and fairness that players need is provided by blockchain.

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Imagine an online casino that does not need a license or audition, accepts members from anywhere in the world, pays in mere seconds, and functions transparently; Crypto gambling technology promises this. For the same reason, it has the potential to change the online gambling industry forever.

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