Various online casinos have begun exploring cryptocurrency payment opportunities over the years. The benefit of using cryptocurrency includes an extra layer of privacy, transparency, and faster deposits and withdrawals. Finding the best casinos that accept many cryptocurrencies can be tricky, but we have put together a comprehensive list.
Why Crypto Matters To Casinos
Online gambling and betting have become a massive industry over the past few years. Reports indicate the industry was valued at $53.7 billion in 2019, with numerous prosperous years of solid growth projected at the time. Moreover, the COVID-19 pandemic has boosted online gambling, as physical casinos were forced to close their doors for several months.
The internet is a global platform for various products and services, including online gambling. More importantly, the industry has been legalized in numerous countries, a trend that will likely continue in 2022 and beyond. As online gambling gains more traction, the number of online casinos grows. Some of these casinos have ventured into the world of cryptocurrency payments due to more transparency and faster transactions. Today, there are various casinos allowing you to play with Bitcoin, and that number keeps rising year over year.
However, casinos must look beyond accepting only Bitcoin as a payment method. There are various viable cryptocurrencies on the market today, although their popularity may differ. Therefore, finding the right casino accepting the cryptocurrency you prefer to use is essential. Thankfully, there are multiple casinos that accept many different cryptocurrencies today. Interestingly, the same currencies tend to come back up across multiple platforms.
As one of the top established cryptocurrency gambling platforms and casinos allowing you to play with Bitcoin, CloudBet has clarified that they want to incorporate as many cryptocurrencies as possible. Currently, that list includes Bitcoin, Bitcoin Cash, Ethereum, Pax Gold, Tether, USDC, DAI, PAX, Chainlink, Dogecoin, Dash, and Litecoin. Moreover, the platform has generous welcome bonuses, and various weekly reload bonuses and hosts a growing selection of provably fair games.
The Bitstarz casino is one of the household names in the world of casinos and online gambling. Its mobile-optimized online casino has a user-friendly interface and supports six different cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Dogecoin, Tether (USDT), and Litecoin. The casino primarily accepts the top cryptocurrencies and assets by market cap. These currencies have been around for years and have built up a loyal following.
Similar to Bitstarz, mBit Casno accepts the same six cryptocurrencies to let users enjoy an online gambling experience. The casino is a bit more novice gambler-friendly through its native reward structure. More specifically, having the option to join casino tournaments without wagering requirements or thresholds appeals to both novice and advanced users alike. mBit Casino is often mentioned on the list of casinos allowing you to play with Bitcoin, but the company keeps exploring broader cryptocurrency support.
Although most people may not be familiar with SuperSlots yet, the platform is quickly rising the ranks thanks to very fast payouts, a nice welcome bonus, and a collection of top-quality casino games. In addition, it is one of the few casinos to accept Ripple (XRP) as a payment method, along with Bitcoin, Bitcoin Cash, Litecoin, and Ethereum.
Thanks to appealing welcome bonuses and a growing library of modern and well-known online casino games, 7bit Casino continues to generate much attention in the world of cryptocurrency casinos. Moreover, their acceptance of Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Dogecoin confirms there is a big market for cryptocurrencies in the online gambling segment.
There is a huge market for casino providers looking to capitalize on the momentum of cryptocurrencies. Several providers have already taken the plunge and seem to benefit from these extra payment solutions. Moreover, cryptocurrencies appear to provide fewer headaches for depositing and withdrawing for both users and casino operators. In addition, it provides a cheaper alternative that works faster and provides more transparency, bringing more legitimacy to the concept of online gambling and casinos.
However, what is interesting is the introduction of support for stablecoins, along with traditional cryptocurrencies like Bitcoin and Ethereum. That shift makes sense on paper, as stablecoins cannot deviate from their fiat currency peg. For example, a USDT issued by Tether will always be worth $1 and can be redeemed for one U.S. Dollar through Tether. Bitcoin or Ethereum, on the other hand, can see their value increase or decrease by 5-10% in a day without any particular reason.
As more casinos allow you to play with Bitcoin, it is a matter of time until they integrate other similar currencies. Time will tell whether that means more stablecoin integration of support for traditional cryptocurrencies or both. Exploring the different options can prove worthwhile to casino operators, particularly with the expected growth of online gambling over the coming years.
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