Casinos are increasingly accepting Bitcoin as a form of payment, with some casinos operating solely on cryptocurrency.
In a nutshell, this is how crypto gambling works – you deposit funds into your online casino account using your crypto wallet, you gamble with the funds in your casino cashier, and if you wish to withdraw winnings, you can withdraw them to your crypto wallet.
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Using Cryptos to Gamble
Whether it is legal to gamble with crypto or not will depend on a few different factors. Most importantly, it all depends on the laws in your particular jurisdiction.
Blockchain systems have innovative features that have the potential to transform the online gambling sector. Blockchain provides for permanent records, it’s completely secure and transparent, and gives a layer of anonymity. It doesn’t require a middleman but does require validation and verification procedures, allowing for fair and reliable transactions. Since the central premise of crypto is blockchain tech, you can gamble with cryptocurrency at online casinos that recognize and support it.
The History of Cryptocurrencies
Here’s what we know about how and when the fully constructed concept of decentralized digital currencies and their implementation first surfaced.
The 2008 economic crisis in the United States became a watershed moment in the global economy's history because it provided a much-needed wake-up call to the apostles of global finance's ruthless behavior. As a result, during the 2008 recession, an anonymous person/persons known as Satoshi Nakamoto emerged.
Even today, the identity of Nakamoto is a highly speculative topic shrouded in mystery. Nobody knows who exactly this person was or if the entity was actually one individual or a team of persons. In 2009, Nakamoto produced a white paper outlining what blockchain is and how it works and even laid out its source code. Consecutively, Nakamoto launched the world’s first cryptocurrency, Bitcoin, along with the white paper.
Crypto Casino Bonuses
Apart from the fact that you can access and play real money games at an online casino from the comfort of your own home (or from anywhere else) at any time of the day or night, the other appeal to online casinos is the fact that they offer plenty of bonuses. Here are some of the most popular types of crypto bonuses seen across the iGaming industry today.
Crypto Casino Free Spins
Free spins are a common type of bonus issued by online casinos. Using free spins, players can play select slot machines with the prospects of winning real money, but for free. Instead of putting their own money on the line, the player will use the free spins they have been issued. Some crypto casinos encourage using cryptocurrencies by offering crypto spins for players that make qualifying crypto deposits.
No Deposit Crypto Casino Bonus
The no deposit bonus is a comparatively recent type of online casino bonus where the casino rewards someone simply for opening an account with the casino. Such bonuses are effective in growing the user base for the casino while offering players a good start to their gaming journey even before they make a single deposit. Crypto casinos may also offer such bonuses, and these are sometimes referred to as a no deposit crypto casino bonus.
Deposit Crypto Casino Bonus
The deposit crypto bonus is arguably the most common type of crypto bonus there is. This could come in the form of a weekly deposit bonus, daily deposit bonus, new player deposit welcome bonus, etc. Any crypto deposit bonus will require the player to make a certain qualifying deposit to receive the bonus. An example could be – depositing 0.000003 BTC or higher and receiving a 100% match bonus.
No Wagering Bonus
Wagering requirements are a common bonus condition that dictates if and when a player can withdraw bonus winnings. Basically, it states how much money the player must deposit and play through before he or she is eligible to cash out bonus funds.
However, some crypto casinos push things to the next level and offer crypto bonuses with zero wagering requirements. In this case, the player can withdraw bonus funds without having to wager any of their own money. Such no-wagering bonuses are valuable and highly sought after by players but are rare to come by.
Reload Bonuses
Any deposit you make to your online casino cashier account after your initial deposit is technically a reload. When a crypto casino offers a match bonus or free spins or a combination of both for qualifying bonuses, this is essentially referred to as reload bonus.
🎰 Crypto Casino Experience
The quality of the user experience of playing at a crypto casino highly depends on the specific crypto casino in question. Just like how there are several thousands of online casinos, there are now hundreds of different casinos that accept and support crypto payments and crypto gaming.
Some crypto casinos exclusively support cryptocurrencies and do not accept payments or withdrawals in fiat currencies using traditional payment methods such as credit cards or debit cards. Generally, as long as the player has a working crypto wallet and is well-versed in how to use the wallet to receive payments and make payments, the player's experience at crypto casinos is usually satisfactory or better.
🚦 Security, Licensing, and Provably Fair
When real money transactions, personal player information, and sensitive banking data are involved, safety and security are of utmost importance. This is especially true in online gambling, where many players prefer a certain level of privacy and anonymity.
When it comes to security at a crypto casino, there are a few things you should consider.
- A recognized online gambling regulatory body must license the casino. When the casino is licensed, it entails that the platform adheres to certain standards of safety and security.
- The casino must encrypt its data using the best technologies available.
- The casino must use a certified and approved random number generator algorithm that makes the game results provably fair.
🔑 Staying Safe While Crypto Gambling
It is most important to stay safe when gambling with cryptocurrencies. The two biggest factors that will determine the level of safety are your choice of online crypto casino and your choice of crypto wallet. If you make sure you sign up with a reputed, licensed, and trustworthy online crypto casino, then you can breathe easy knowing you are in safe hands.
Likewise, it is also important to choose the right crypto wallet that offers highly secure features. Needless to say, you should always keep your crypto casino password/username and your crypto wallet credentials confidential, and you must not share them with anyone else.
Pros of Crypto Gambling
✅ Security: Bitcoin transactions do not involve the submission of any personal information, which protects you from identity theft. And there can be no chargebacks since Bitcoin transactions are irreversible once they are processed.
✅ Privacy: Given that none of your personal information is associated with your Bitcoin wallet or transactions, there ensues an inherent level of privacy and anonymity. At the same time, there is also a good degree of transparency and verifiability since anybody may look up information about addresses and balances in a public ledger.
✅ Decentralization: Since there is no central authority over your cryptocurrency funds, nobody but you have full control over your account and your money. Crypto transactions are peer-to-peer, meaning no one can freeze your account or decline your transactions (as long as you have sufficient funds).
✅ Speed: Compared to traditional banking methods such as credit cards, e-wallets, and bank wire transfers, crypto transactions are lightning-fast in processing speed. Deposits are instant, and withdrawals, once approved, are also nearly instantaneous. On the contrary, a credit card or bank wire transfer cashout could take anywhere between 3-10 business days.
✅ Low fee: Since transactions are peer-to-peer and there is no central authority taxed with processing the transaction, the processing fees are usually non-existent. However, your crypto wallet service and the casino may charge nominal processing fees. What’s more, depending on where you live, your crypto casino winnings might be completely free of tax obligations.
Cons of Crypto Gambling
❌ Learning curve: Being a new concept and technology, not everyone is comfortable with using cryptocurrencies, let alone for the purpose of online gambling. Many people are apprehensive about the whole thing and avoid trying it. There is a lenient learning curve that doesn’t help such hesitant users either.
❌ Volatility: Crypto coins are highly volatile when compared to fiat currencies. While this is a good thing for many, it can be a discouragement for most. Prices of cryptocurrencies like Bitcoin (which is considered one of the most stable coins) can still fluctuate by a good margin in just 24 hours or even lesser.
How to Choose a Crypto Casino
When selecting a crypto casino, these are the important factors to consider:
📋 Licensing: The casino must be licensed by a recognized online gambling regulatory body. We recommend players steer clear of unregulated and unlicensed casinos because they can be a cesspool for fraudulent activities.
🔐 Crypto coin and wallet support: Just because a casino supports cryptocurrency, it does not mean it will be suitable for you. You must ensure that the casino supports the specific crypto coin that you intend on using and also that it supports the crypto wallet that you use. You also want to check if crypto is supported just for deposits or withdrawals.
🚀 Game collection: Any casino is only as good as its game library. It would not mean much if the casino had great features, customer service, lucrative bonuses, etc., if the game collection was underwhelming. Ensure the casino offers a good volume of games and also that the quality of games offered is satisfactory.
💰 Bonuses: When looking at the bonuses offered by a crypto casino, it is not enough to go by what is marketed. You must take a few minutes to read through the bonus terms and conditions if you wish to truly understand the value of any given bonus and how to make the most use of it.
📞 Customer support: Does the casino provide 24/7 customer support? How can they be contacted? Is customer support responsive and helpful? These play a big role in what sort of experience you will have at a crypto casino.
Crypto Wallets
A crypto wallet is a storage service for your crypto assets. When trading crypto, making crypto payments or receiving crypto payments, the user will have to use their crypto wallet. A crypto wallet could be an actual physical drive or a cloud wallet. The most basic function of a crypto wallet is to store the public and private keys for crypto transactions.
Crypto Wallets Available to South African Users
There are several options available for South Africans in terms of good, trusted crypto wallets. Which wallet you choose will depend on your requirements and may vary for each individual. Some wallets are great in terms of security; some offer the most competitive commissions/fees, some support ZAR, etc. A few SA-friendly crypto wallets that are worthy of your consideration include:
- Exodus
- Wasabi
- Luno
- GreenAddress
- Edge
How to Deposit with Crypto
- Log in to your crypto casino account
- Go to the cashier
- Go to the deposit tab
- Check for the deposit limit and bitcoin deposit fees and ensure they are agreeable.
- Select the deposit method (crypto)
- Copy the crypto address displayed
- Go to your crypto wallet and send crypto to the copied wallet address
- Your crypto will be available in your casino cashier within moments
How to Withdraw with Crypto:
- Login to your crypto casino account
- Ensure you have fulfilled all wagering requirements, if any
- Ensure you have a balance that warrants a payout (it must be over the minimum withdrawal limit)
- Go to the cashier section and select withdraw
- Copy and paste your crypto wallet address in the space provided
- Enter the withdrawal amount
- Confirm you've entered the correct details and submit the withdrawal request.
- Once approved, the amount will be funded to your crypto wallet
Mobile Crypto Casinos
When we talk about crypto casinos, we are talking about online casinos at the forefront of technological advancement. These casinos are already future-proof and generally offer some of the latest technological features, including support for various crypto coins. Therefore, it is not very surprising that such high-end, modern-day crypto casinos are fully mobile-friendly.
While some may offer dedicated, stand-alone mobile apps that you can download and launch whenever you wish to play casino games, the vast majority have instant-play mobile casinos that don’t require you to download or install any app.
As far as such instant-play mobile casinos are considered, to play on mobile, you need to ensure your smartphone or tablet (iOS, Android, Windows, etc.) is connected to the internet. It runs an operating system that is not obsolete. Now, you can use any mobile browser application, such as Google Chrome or Safari, to visit the crypto casino website.
Customer Support for Cryptos
Customer support is an integral part of any online casino and a pivotal part in delivering a good user experience, especially in crypto casinos where the number of concerns and questions players may have is typically higher. This is why most high-quality crypto casinos will have an extensive and well-organized FAQ section on their website which addresses common questions in good detail.
If you have a question, it is always a good idea to glance through the FAQ section, and you will likely find the answer/solution there. This saves you the time and effort of contacting a customer support agent. Having said that, there may be various occasions when you have to contact a customer support agent. In such cases, it is important that the casino offers different communication modes to reach out to customer support.
Most crypto casinos will offer live chat, email, and sometimes even a direct support phone number. The most convenient way to reach support is usually live chat since it is only a click away. However, if you need documented evidence of your conversation with customer support, it might be a wise idea to communicate with support via email.
Crypto Casino Login
Logging in to your crypto casino account is generally really simple and quick. Once you have signed up for an account, you will have a username and password that can be used to access your account from any supported device (PC or mobile). All you need to do is visit the crypto casino website, click or tap the login button and proceed to enter your username and password.
In case you have not used your account for a prolonged period of time and have forgotten your password, there is usually a ‘forgot password?’ link embedded within the login pop-up window, and you can follow the link to securely reset your password and regain access to your crypto casino account.
Cryptocurrency Address Explained
When we talk about cryptocurrency addresses, we usually refer to a string of characters that signifies a crypto wallet. Each crypto address is unique, and it marks the location of a specific wallet on the blockchain.
Crypto addresses are technically public (although often pseudonyms), so you can see the amount of crypto a wallet has, as well as the pseudonym of its owner. Exceptions to this rule are true privacy-based blockchains like Monero.
Physical Address of Cryptocurrencies
Cryptocurrencies don’t have one specific location. However, they do have to be registered somewhere to operate. Bitcoin, for example, has its headquarters in San Francisco, California. Ethereum, on the other hand, has its corporate headquarters in Madrid, Spain. Here are some headquarters of cryptos:
- Bitcoin HQ: San Francisco, California, USA;
- Ethereum HQ: Madrid, Spain;
- Litecoin HQ: Boston, Massachusetts, USA;
- Dash HQ: Scottsdale, Arizona, USA;
- Dogecoin HQ: Frostviken, JämtlandeIän, Sweden;
- Tether HQ: Hong Kong;
- Monero HQ: Sydney, New South Wales, Australia;
- Neo HQ: Shanghai, China;
- Ripple HQ: San Francisco, California, USA.
Top Crypto Casinos Compared
Casino Information | mBit CasinomBit Casino Review | Thunderbolt CasinoThunderbolt Casino Review | Springbok CasinoSpringbok Casino Review |
---|---|---|---|
Rating | 4.8/5 | 4.7/5 | 4.9/5 |
Bonus | 110% up to 1 BTC + 300 free spins | R350 Free No Deposit Bonus + Up to R10,000 Bonus | R500 Free No Deposit + 500% up to R5000 & 50 Free Spins |
Coupon code | |||
Top Features | Generous Welcome BonusLive Chat SupportBitcoinPopular Games | Trusted Banking MethodsExclusive BonusesLarge Selection of Games | Excellent on MobileGood Game VarietyBitcoinTrusted Casino |
Min. Deposit | $BTC 0.06 | $R25 | $R25 |
Payment Methods | 2 more Litecoin, Dogecoin | 2 more Payz, EasyEFT | 2 more Visa, MasterCard |
Currencies | BTC, BCH, LTC, ETH, DOGE, USDT | ZAR, BTC | ZAR, BTC |
Licenses | |||
Website | Play Now | Play Now | Play Now |
FAQs about the Best Crypto Casinos
Which cryptocurrencies are accepted at online casinos?
This will vary from one online casino to another. Some online casinos sell themselves as crypto casinos even though they only accept Bitcoins in addition to traditional fiat currencies. On the other hand, a few crypto-exclusive casinos only support cryptocurrencies and do not accept any fiat currencies.
The most popular crypto coins supported at online casinos include Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ripple, Tether, Monero, etc. A few online casinos may also accept altcoins, such as Dogecoin.
Is it possible to withdraw Crypto from an online gambling site?
Yes, of course. Most of the SA-friendly online crypto casinos recommended above are crypto-friendly for both deposits and withdrawals. Some online casinos only offer crypto-based withdrawals since processing fees are easier for them to process and cheaper.
However, there are lots of casinos that only accept crypto deposits but will not support crypto withdrawals.
How long does it take to withdraw cryptocurrencies?
Generally speaking, crypto-based withdrawals are some of the fastest cashout methods at online casinos. Usually, the processing time for bank cards is 3-5 business days, bank wire transfers take 5-7 business days, and e-wallet withdrawals may take up to 24-48 hours to process.
On the other hand, crypto withdrawals are processed instantly or within a few hours of the transaction being okayed by the casino. However, different casinos have different pending periods for withdrawals which also adds to the total withdrawal time.
Do crypto casinos offer welcome bonuses?
Yes, most crypto casinos offer a welcome bonus in some form or another. The most common type of welcome bonus is where a new player is rewarded with a match bonus on their first or initial few crypto deposits made right after signing up for an account.
Some crypto casinos even offer a no deposit welcome bonus where a new player is rewarded with free spins or free casino credits upon signing up for an account; no deposit is required.
Are all crypto casinos safe?
The World Wide Web is vast, and we cannot speak for all crypto casinos. New crypto casinos are released daily for different markets worldwide as the demand for crypto gambling sites surges exponentially. Not all crypto casinos are going to be safe. This is why players must research and vet the crypto casino they plan to sign up with beforehand.
Since crypto transactions are untraceable, the number of frauds facilitated by crypto is also rising. It is important to only play games at crypto casinos that are well-known, licensed, regulated, and have a trustworthy track record.
Summary: Author's Personal Experience with Crypto Casinos
I believe that the pros far outweigh the cons of crypto online gambling. This is true not just from the perspective of me as a player but also from the standpoint of online casino operators. Removing middle parties (such as banks) from online gambling transactions ensures fast, inexpensive, private, and verifiable transactions, which are especially important in online gambling. Just as online casinos are taking over from land-based casinos, crypto casinos seem to be slowly surging in the traditional online casino space.
There are already hundreds of top-notch crypto casinos that package crypto support, high-end games, lucrative promotions, and tons of other exciting features. Change can be unsettling, but adapting to a rapidly evolving online gambling sector is key to staying relevant and enjoying the latest games and offers. Once you get past the initial apprehension of crypto, you will soon realize the buzz around crypto and why crypto is the perfect solution for things like real money, online casino gambling, or sports betting.
Of course, like anything involving your hard-earned money, stay on the safe side and research each crypto casino you sign up for. Ensure they have a license from a reputed governing body and a track record of happy users.
Why We Are The Crypto Casino Experts
We have tested and reviewed 50+ crypto casinos for the South African market
We have personally used 9 different cryptocurrencies to deposit and withdraw from South African crypto casinos
We survey real South African players who use cryptocurrency as their payment method of choice
One of South Africa's top Bitcoin casinos has given us a testimonial as a reliable source of crypto casino information
Reviewing Crypto Casinos For South Africans
We have rigorously tested and reviewed over 50 cryptocurrency casinos for the South African market. Our evaluation covered key factors like game quality, cryptocurrency options, transaction speed, and regulatory compliance. We also assessed user experience, security measures, and customer support to ensure South African players can confidently choose the best platforms for a secure and enjoyable gaming experience.
First-Hand Crypto Experience Using Cryptocurrencies at Online Casinos
As part of our thorough review process, we have personally utilized nine different cryptocurrencies for deposits and withdrawals at South African crypto casinos. This hands-on approach allowed us to evaluate each cryptocurrency transaction's efficiency, ease of use, and reliability. We scrutinized factors such as transaction speed, fees, and overall user experience with various digital currencies to ensure South African players can access seamless and secure financial interactions on these platforms.
Top Crypto Casinos Trust Our Reviews
One of South Africa's leading Bitcoin casinos has officially recognized us with a testimonial, highlighting our role as a trusted and reliable source of information in the crypto casino sector. This endorsement reflects our commitment to providing accurate, comprehensive, and up-to-date insights into Bitcoin casinos and their offerings. It underscores our reputation for delivering valuable reviews and analyses that help players make informed decisions, ensuring a trustworthy and enjoyable gaming experience in the rapidly evolving world of cryptocurrency gambling.
Sources Backing Our Content
The reference list below features sources from reputable websites and articles from well-known institutions. Our commitment to accuracy and reliability ensures that the information you find here is of the highest quality.
Cryptocurrencies - South Africa | Statistia
Financial Sector Conduct Authority (FSCA)
Exploring high stakes: Gambling trends in South Africa | The Media Online
Rudie Venter is a seasoned online casino games expert with 13 years of industry experience. Holding a degree in psychology, he combines academic insight with practical knowledge of casino game strategies. Rudie's talent lies in demystifying game mechanics, making them accessible and fun for everyone. On his time off, Rudie loves a good ol’ braai and watching the rugby with a naughty Klippies & Coke (in moderation, of course).
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