Crypto casinos are on the rise. Why wouldn’t they? Hosting fun casino games has a lot of perks for both the casino and players. For players, online crypto casinos are convenient because they have lower transaction fees, are more transparent, and allow players to bask in their anonymity. On the other hand, crypto casinos enjoy operating with minimal expenses. They don’t need to employ many people and rent disgustingly expensive buildings to run their operations.
If you’re new to crypto casinos, you may be wondering how you can use the cryptos you saved or won for the past few years to play some blackjack and online casino games. Thankfully, you’ve come to the right place. Here’s a quick guide on how exactly you can do just that.
- Find a casino that accepts crypto
The first step is to find a casino where you can play blackjack online for bitcoin and other crypto. You can easily find these casinos by using a search engine. However, note that even if a casino accepts crypto, it doesn’t mean you can play right away since the casino you’ll find might not accept the crypto you have.
Currently, there are multiple cryptocurrencies in circulation. As of 2022, there are more than 8,000 cryptocurrencies worldwide, with Bitcoin (BTC), Ethereum (ETH), and LiteCoin (LTC) being the top three most popular ones. (1)
However, most casinos only accept BTC and a few popular altcoins like ETH and LTC. Meanwhile, stablecoins, like Tether (USDT), are slowly gaining acceptance in crypto casinos. Typically, a casino needs to accept three currencies to be considered a crypto casino.
However, if you don’t want to spend time searching, you can try to visit Stake. The online casino on Stake offers gameplay for crypto. And it also provides new crypto games like a crypto crash.
- Check their games catalog and how they operate
Don’t forget to check the casino’s list of games. Despite blackjack being a popular casino game, not all casinos have it. Additionally, some casinos only offer a single game, so don’t forget to check before you proceed to the next steps.
Another thing you should check is how the casino operates. For example, some casinos online can allow anonymous players to join, while some run on a KYC (Know-Your-Customer) basis, requiring players to register and provide identifiable information first.
- Review the casino first
Before you play a game, you need to review the casino first. Primarily, you should focus on the casino’s security and licensing. If a casino is trustworthy and fair, it should have gambling licenses from any of the leading authorities:
- United Kingdom Gambling Commission (UKGC)
- Alderney Gambling Control Commission (AGCC)
- Malta Gaming Authority (MGA)
- Curaçao EGaming
- Gibraltar Gambling Commission (Gibraltar Regulatory Authority)
Also, always check the web address of the casino. If the address only has HTTP instead of HTTPS, don’t play there because HTTP websites aren’t encrypted and secure enough for any form of transactions involving money.
If you don’t like to play in crypto-centric casinos because you’re unsure of their security level, you may play in well-known casinos that accept crypto deposits.
- Find a trustworthy coin exchange
Not all people have many cryptos to burn to play casino games online. There will be a point when you empty your wallet and you’ll need to exchange some of your fiat currency for virtual coins. As much as possible, don’t try to exchange with strangers or even people in the casino’s community—that’s the kind of gamble you don’t want to play.
- Get cold storage for your crypto
Gambling online can be entertaining, even if you lose a lot. While it’s good you’re happy with your blackjack games, you may want to keep some of your coins secure. The best way to do that is to have cold storage.
Cold storage or a cold wallet can keep your coins offline and unavailable, unlike a regular crypto wallet. With one, hackers and the online casino of your choosing won’t be able to get into your coins, which can prevent you from burning or losing your coins accidentally or in a hacking incident. (3)
- Visit review sites
Finally, before you get an account in the casino you found, do some background research on review sites. While some review sites for crypto casinos are engineered and a bit fraudulent, there are legit ones you can trust.
There are multiple reasons you would want to bet away your coins in a blackjack game in an online casino. It may be because it’s less expensive than playing in a real casino. Perhaps you want to farm some coins because you want to invest in your favorite cryptocurrency. Or crypto casinos and their games may be your cup of tea. Regardless, follow the steps mentioned above to get the best out of your blackjack and other casino games in the casino you’ll play.
- “30 Cryptocurrency Statistics : Facts + Trends”, Source: https://www.zippia.com/advice/cryptocurrency-statistics/
- “Major Gambling Licensing Jurisdictions”, Source: https://www.onlinebetting.org.uk/betting-guides/gambling-licensing-jurisdictions.html
- “Cold Storage”, Source: https://www.investopedia.com/terms/c/cold-storage.asp