Crypto Casino: Discover the Best Crypto Casinos in Australia 2024
Crypto casinos have revolutionised the online casino industry. With crypto, players can make deposits and withdrawals faster than ever before without compromising on security. Based on our experience, more and more players are using crypto at casinos for the speed, ease, and low fees on offer.
Our team has put together a list of the top casinos that accept crypto to help you find the best sites available. We'll also explore how to deposit and withdraw using crypto at online casinos, highlight some pros and cons, and offer some alternatives.
First, let's look at the best crypto casino sites available in Australia.
| Special Information | Casino | Capabilities | Bonus Information | Let's Play! | More Information |
|---|---|---|---|---|---|
1  WinShark Casino  Bitcoin Dogecoin |
Terms and conditionsTerms and conditions apply. Play responsibly | 18+ | Bonus structure
General information
Payment providers  Neosurf Bitcoin Ezeewallet Visa Mastercard MiFinity Cardano EthereumGame developers  Pragmatic Play Quickspin Betsoft Play'n Go Yggdrasil Booongo Playtech FUGASO | |||
2  Swiper Casino BitcoinDogecoin |
Terms and conditionsTerms and conditions apply. Play responsibly | 18+ | Bonus structure
General information
Payment providers NeosurfBitcoin Paysafecard Neteller SkrillVisaMastercard DogecoinGame developers Pragmatic Play Evolution Gaming Nolimit CityQuickspin Relax Gaming Hacksaw GamingBetsoft Elk Studios | |||
3  Malina Casino BitcoinDogecoin |
Terms and conditionsTerms and conditions apply. Play responsibly | 18+ | Bonus structure
General information
Payment providers NeosurfBitcoinPaysafecardNetellerSkrillMastercard FUNid LitecoinGame developers Pragmatic PlayNolimit CityQuickspinRelax GamingHacksaw GamingBetsoftElk StudiosPlay'n Go | |||
4  PlayAmo Casino BitcoinDogecoin |
| Bonus structure
General information
Payment providers NeosurfBitcoinPaysafecardNetellerSkrillVisaMastercard MaestroGame developers BetsoftBooongoFUGASO PlaysonYggdrasil Tom Horn Gaming BGaming Gamevy | |||
5  Lucky Wins Casino BitcoinDogecoin |
Terms and conditionsTerms and conditions apply. Play responsibly | 18+ | Bonus structure
General information
Payment providers NeosurfBitcoinPaysafecardNetellerSkrillVisaMastercardMaestroGame developers Pragmatic PlayBetsoftFUGASOYggdrasilBooongoPlaysonTom Horn GamingBGaming | |||
6  Dolly Casino Bitcoin |
Terms and conditionsTerms and conditions apply. Play responsibly | 18+ | Bonus structure
General information
Payment providers NeosurfBitcoinPaysafecardNetellerSkrillVisaMastercard Jeton WalletGame developers Pragmatic PlayEvolution GamingNolimit CityQuickspinRelax GamingHacksaw GamingBetsoftElk Studios | |||
7  Talismania Casino BitcoinDogecoin |
Terms and conditionsTerms and conditions apply. Play responsibly | 18+ | Bonus structure
General information
Payment providers NeosurfBitcoinPaysafecardNetellerSkrillVisaMastercardDogecoinGame developers Pragmatic PlayNolimit CityQuickspinRelax GamingHacksaw GamingBetsoftPlay'n GoElk Studios | |||
8  Spirit casino BitcoinDogecoin |
| Bonus structure
General information
Payment providers NeosurfBitcoinVisaMastercardMaestro CoinsPaidDogecoinEthereumGame developers BetsoftBooongoFUGASOPlaysonYggdrasilTom Horn GamingBGamingGamevy | |||
10% Cashback | 9  RollXO Casino BitcoinDogecoin |
Terms and conditionsTerms and conditions apply. Play responsibly | 18+ | Bonus structure
General information
Payment providers NeosurfBitcoinSkrillVisaMastercardMaestro Google PayDogecoinGame developers BetsoftBooongoFUGASOPlaysonYggdrasilTom Horn Gaming BF GamesBGaming | ||
10  Casiny Casino Bitcoin |
Terms and conditionsTerms and conditions apply. Play responsibly | 18+ | Bonus structure
General information
Payment providers NeosurfBitcoinVisaMastercardMaestroCoinsPaidGoogle PayEthereumGame developers Pragmatic PlayEvolution GamingQuickspinBetsoftPlaysonYggdrasilBooongoElk Studios | |||
11  FatFruit Casino BitcoinDogecoin |
Terms and conditionsTerms and conditions apply. Play responsibly | 18+ | Bonus structure
General information
Payment providers NeosurfBitcoinPaysafecardNetellerSkrillVisaMastercardMaestroGame developers BetsoftFUGASOPlaysonYggdrasilBooongoTom Horn GamingBF GamesBGaming | |||
12  Lucky Circus Casino BitcoinDogecoin |
Terms and conditionsTerms and conditions apply. Play responsibly | 18+ | Bonus structure
General information
Payment providers NeosurfBitcoinPaysafecardVisaMastercardMaestroCoinsPaidDogecoinGame developers BetsoftBooongoFUGASOPlaysonYggdrasilTom Horn GamingBF GamesBGaming | |||
13  Spins Heaven Casino BitcoinDogecoin |
| Bonus structure
General information
Payment providers BitcoinVisaMastercardCoinsPaidDogecoinEthereumLitecoin TetherGame developers Evolution Gaming AristocratNolimit City Push GamingQuickspinRelax Gaming Big Time GamingHacksaw Gaming | |||
10% Cashback | 14  God of Wins Casino BitcoinDogecoin |
| Bonus structure
General information
Payment providers NeosurfBitcoinEzeewalletVisaMastercardCardanoEthereumLitecoinGame developers Pragmatic PlayBetsoftBooongoPlaytechFUGASOPlay'n GoPlaysonYggdrasil | ||
8% Cashback | 15  Gangsta Casino BitcoinDogecoin |
Terms and conditionsTerms and conditions apply. Play responsibly | 18+ | Bonus structure
General information
Payment providers NeosurfBitcoinSkrillEzeewalletVisaMastercardDogecoinJeton WalletGame developers Pragmatic PlayNolimit CityPush GamingQuickspinRelax GamingHacksaw Gaming 1x2GamingPlaytech |
Showing 15 out of 170
Recommended Crypto Casinos at a Glance
Here are our recommended casinos at a glance to quickly see which site may be right for your gaming needs.
| Type of Casino | Best Casino |
|---|---|
| Best overall | PlayAmo Casino |
| For mobile play | Olympia Casino |
| Offers low minimum deposits | 5 Bonuses Casino |
| Fast payouts | Winshark Casino |
| Safest casino | 24 Casino |
Crypto Casinos We Recommend
Let's take a more detailed look at some of our recommended sites that offer a variety of cryptocurrencies for deposits and withdrawals.
PlayAmo Casino
Pros:
-
An impressive collection of 2000+ games
-
-
-
Cons:
-
Limited regular promotions
-
-
PlayAmo Casino - an AusCasino favourite
PlayAmo Casino offers players a rich gaming experience with over 2,000 games, including pokies, table games, and live dealer options. It’s known for quick payouts, multiple payment methods, including cryptocurrency, and rewarding bonuses. The platform is mobile-optimised, with 24/7 customer support, making it a top choice for a hassle-free and exciting gaming experience.
Terms and conditions apply. Play responsibly | 18+
Olympia Casino
Pros:
-
-
-
-
-
Cons:
-
-
-
Olympia Casino - excellent for bonuses
Olympia Casino is a top choice for players seeking crypto-friendly gaming. The site supports multiple cryptocurrencies like Bitcoin and Ethereum, offering quick and easy transactions. You can choose from over 3,000 games, including popular pokies, table games, and live casino options. The welcome bonus is also huge! New players can access up to $10,000, spread across four deposits. Plus if you need help, customer service is on hand, 24/7 via live chat, WhatsApp, and Telegram.
Terms and conditions apply. Play responsibly | 18+
Lucky Wins Casino
Pros:
-
-
-
-
-
Cons:
-
-
-
Lucky Wins - easy to navigate
Lucky Wins Casino offers an extensive game selection where you can choose from hundreds of popular pokies, table games (think poker, blackjack, roulette and more), and live casino options. New players can benefit from generous welcome bonuses, but high wagering requirements and a limited withdrawal timeframe can be challenging. Overall, Lucky Wins provides a reliable and user-friendly platform.
Terms and conditions apply. Play responsibly | 18+
Dolly Casino
Pros:
-
-
-
-
-
Cons:
-
-
-
Dolly Casino - plenty of crypto options
Dolly Casino is a strong option for players who prefer using cryptocurrencies. With over 3,500 games available, including a top-tier live casino section, it caters to a wide range of players. The platform supports multiple cryptocurrencies like Bitcoin, Ethereum, and Tether, allowing for quick and secure transactions. New players are welcomed with a generous bonus package spread across the first three deposits..
Terms and conditions apply. Play responsibly | 18+
Rabona Casino
Pros:
-
-
-
-
-
Cons:
-
-
-
Rabona Casino - great option for mobile play
Rabona Casino offers a wide selection of games, including pokies, table games, and live dealer options. It supports popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin. The platform is optimised for mobile play, making it easy to play on the go on various devices. Rabona Casino also provides 24/7 customer support, ensuring assistance is always available.
Terms and conditions apply. Play responsibly | 18+
Swiper Casino
Pros:
-
-
-
Cons:
-
-
-
Swiper Casino - massive game selection
Swiper Casino offers over 10,000 games to choose from! You can play high quality pokies, table games, and live dealer options. The platform supports multiple cryptocurrencies like Bitcoin, Litecoin, and Dogecoin, ensuring secure and fast transactions. For new players, the casino also offers a generous welcome bonus of up to $750 plus 200 free spins.
Terms and conditions apply. Play responsibly | 18+
What is Crypto and What are Crypto Casinos?
Crypto is a digital currency that uses cryptography for security. This makes the currency decentralised and independent of traditional financial institutions. For casino players, using crypto is super easy and secure. You purchase the currency, store it in a digital wallet, and then transfer it to your online casino account. It offers fast, secure, and anonymous transactions.
A crypto casino is an online casino that accepts crypto as a form of payment. These casinos let you bet, win, and cash out using crypto. They're especially popular with players who value privacy because you don't need to provide any personal financial info to the casino. Plus, they've earned a reputation for being incredibly fast, with most cryptos offering instant deposits and withdrawals. They also allow you to bypass traditional banking systems, offering a unique and efficient way to enjoy online gambling.
Types of Crypto Available at Online Casinos
As cryptocurrency continues to gain popularity, several types have become commonly available at online casinos. Each crypto has its own set of advantages and disadvantages, and their availability can vary between casinos. Here are some of the most common cryptocurrencies you'll find at Aussie online gambling sites:
How to Deposit at Casinos with Crypto
Although there can be slight differences in depositing across different cryptocurrencies, it's typically pretty straightforward and quick to make deposits. Follow these steps to get started.
- Sign up: Create an account at your chosen crypto casino and then head to the cashier section, where you can choose to deposit funds to your account.
- Select crypto: Choose crypto as your payment method and copy the casino’s wallet address.
- Transfer funds: Paste the wallet address in your digital wallet and enter the amount you want to deposit.
- Confirm and play: Confirm the transaction, and your funds should appear in your casino account within minutes - ready for you to play your favourite casino games!
How to Withdraw from Casinos with Crypto
Withdrawing your winnings using crypto is also fast and secure. Follow these simple steps to complete a withdrawal:
- Go to the cashier: Navigate to the withdrawal section of the casino and choose your specific crypto as your withdrawal method. Some crypto casinos require you to withdraw using the same crypto used for deposits.
- Enter wallet address: Paste your digital wallet address details so the casino knows where to send your winnings.
- Enter amount: Type in how much of your winnings you want to withdraw in crypto.
- Confirm and wait: The casino will process your withdrawal once you hit confirm. Depending on your chosen casino, crypto withdrawals are typically processed within a few minutes to a few hours.
Is it Safe to Use Crypto at Online Casinos?
Crypto casinos are generally considered safe. Crypto offers strong encryption and transactions are secured by advanced cryptographic algorithms. So it's highly resistant to fraud and hacking.
Other security features typically include robust protection against unauthorised access and transaction tampering. All currency exchange providers operating in Australia also need to register and enrol with AUSTRAC
Ccrypto doesn't typically offer chargebacks or buyer protection.
Why Play at Crypto Online Casinos?
Using crypto at online casinos offers several advantages, including fast transactions, enhanced privacy, and lower fees compared to traditional payment methods. It’s a great option for players who want anonymity and want to avoid delays and additional fees that often come with bank transfers or credit cards.
However, on the downside, the volatility of crypto prices and the lack of chargeback options can be drawbacks.
Pros and Cons of Crypto Casinos
To help you decide if crypto gambling sites are for you, let's take a closer look at some of the advantages and disadvantages that these sites offer.
Pros
- Quicker transaction times compared to traditional banking methods.
- Advanced encryption and decentralised technology.
- Transaction fees are generally lower than those for credit cards or bank transfers.
- Players can maintain a high level of privacy.
Cons
- The value can fluctuate significantly.
- Not all online casinos accept crypto,.
- Crypto transactions are irreversible.
Which Crypto Is Best For Online Casinos?
Choosing the best cryptocurrency for online gambling depends on your priorities. For example, are you looking for fast transactions? Or are low fees and privacy more important to you? Based on our experience, here are some things you should consider before deciding which crypto is best for your online casino needs.
Transaction Speed
Faster transactions mean quicker deposits and withdrawals, which can enhance your gaming experience by reducing wait times.
Best options: Cryptocurrencies like Litecoin (LTC) and Ethereum (ETH) generally offer faster transaction times compared to Bitcoin (BTC).
Transaction Fees
High transaction fees can eat into your winnings or increase the cost of playing.
Best options: Cryptocurrencies like Litecoin, Bitcoin and Dogecoin are known for their low transaction fees. Based on our experience, we recommend avoiding Ethereum during high network congestion periods, as its gas fees can be unpredictable.
Privacy Needs
If privacy is a major concern when you're playing online casino games, we recommend choosing a cryptocurrency that offers strong anonymity features.
Best options: Monero (XMR) is the leading privacy-focused cryptocurrency offering untraceable transactions. Litecoin, with its MimbleWimble implementation, also provides excellent privacy-enhancing features. While it's not fully anonymous like Monero, it offers an extra layer of privacy over other crypto options.
Check for Acceptance
Not every casino is a crypto casino! And not every crypto casino offers all types of cryoptocurerncies. Make sure you check that your chosen cryptocurrency is supported by the online gambling sites you want to use.
Best options: Bitcoin online casinos are one of the most popular crypto casinos. You'll find plenty of Bitcoin casinos in Australia, followed by Ethereum and Litecoin.
Ease of Use
Some cryptocurrencies are easier to use and integrate better with online wallets and casinos.
Best options: Bitcoin offers widespread support. Ethereum casinos are also a good option, with many user-friendly wallets and exchange options.
Community and Development
A strong community and active development indicate long-term viability and support, which is important if you use cryptocurrency regularly.
Best options: Bitcoin, Ethereum, and Litecoin all have large, active communities and are in ongoing development.
Reviews and User Experiences
Based on our experience playing hundreds of online casinos, reviews and other player experiences can be invaluable. Learning from others’ experiences can provide insights into the practicality and reliability of using a particular cryptocurrency for online gambling.
Best options: Look for user reviews and testimonials about their experiences using specific cryptocurrencies at online casinos. Bitcoin casinos and Litecoin casinos typically receive very positive reader feedback.
Limits, Fees, and Charges
We investigated the limits, fees, and costs of using crypto at online casinos.
Deposit Limits and Fees
When using crypto at online casinos, deposit limits typically align with the casino’s policies rather than the crypto itself. Most casinos allow deposits up to €5,000 (about $8,000), though some may set lower limits, like €2,000. The minimum deposit amount is usually around $10-20.
Although each cryptocurrency is different, most charge a small network fee for each transaction, which covers the cost of processing. These fees are typically minimal and are often absorbed by the casino, meaning no additional charges for you. There can also be currency exchange fees for converting crypto from another currency.
Withdrawal Limits and Fees
The maximum withdrawal limit at most online casinos is typically around $8,000 per transaction. There is usually a minimum withdrawal limit, often set around $20.
The casino generally imposes these limits rather than the crypto itself, allowing larger withdrawals. If needed, you can withdraw larger amounts over multiple transactions. Cryptocurrencies may charge a small network fee per transaction, but the casino often absorbs these.
Other Limits and Fees
Cryptocurrencies don't have a monthly subscription fee or sign-on fee, making them cost-effective for players. There are no different account types that alter the fee structure or limits. Crypto doesn't pay interest on funds in your account, as it functions primarily as a digital currency rather than a savings tool.
Features and Apps
Let's explore some of the key features of crypto to help you decide if crypto gambling is right for you.
Features
Crypto uses advanced blockchain technology to secure transactions and protect customers' funds, making it highly resistant to fraud. Although different cryptocurrencies will have slightly different set ups, most usually incorporate multi-factor authentication and encryption to safeguard user accounts.
Unlike traditional payment methods, crypto doesn't support chargebacks. Once made, all transactions are final and irreversible.
Mobile App
Because crypto is a decentralised digital currency, no mobile apps are available to users. Instead, you can download a crypto wallet from a third party that supports transactions.
Crypto Casinos - Latest Brands in November
| Rank | Casino | 1st deposit bonus and free spins | Minimum deposit | Terms and conditions | Let's Play! |
|---|---|---|---|---|---|
| 1 |  kinbet6 Casino | 1st deposit bonus and free spins 100% up to $1500 | Minimum deposit $30 | Terms and conditions Terms and conditions apply. Play responsibly | 18+ | |
| 2 | RollXO Casino 10% Cashback | 1st deposit bonus and free spins 100% up to $3000 | Minimum deposit $300 | Terms and conditions Terms and conditions apply. Play responsibly | 18+ | |
| 3 | Spirit casino | 1st deposit bonus and free spins 100% up to $3000 | Minimum deposit $300 | Terms and conditions Terms and conditions apply. Play responsibly | 18+ | |
| 4 | Spins Heaven Casino | 1st deposit bonus and free spins 400% up to $2000 | Minimum deposit $20 | Terms and conditions Terms and conditions apply. Play responsibly | 18+ | |
| 5 | FatFruit Casino | 1st deposit bonus and free spins 100% up to $1500 | Minimum deposit $30 | Terms and conditions Terms and conditions apply. Play responsibly | 18+ | |
| 6 |  HeroSpin Casino 25% Cashback | 1st deposit bonus and free spins 100% up to $750 | Minimum deposit $30 | Terms and conditions Terms and conditions apply. Play responsibly | 18+ | |
| 7 |  Casino Orca | 1st deposit bonus and free spins 100% up to $500 | Minimum deposit $20 | Terms and conditions Terms and conditions apply. Play responsibly | 18+ | |
| 8 |  Casinova | 1st deposit bonus and free spins 100% up to $750 | Minimum deposit $30 | Terms and conditions Terms and conditions apply. Play responsibly | 18+ | |
| 9 | God of Wins Casino 10% Cashback | 1st deposit bonus and free spins 120% up to $1000 | Minimum deposit $35 | Terms and conditions Terms and conditions apply. Play responsibly | 18+ | |
| 10 |  Spinline Casino | 1st deposit bonus and free spins 100% up to $460 | Minimum deposit $155 | Terms and conditions Terms and conditions apply. Play responsibly | 18+ | |
| 11 |  Legiano Casino | 1st deposit bonus and free spins 100% up to $750 | Minimum deposit $30 | Terms and conditions Terms and conditions apply. Play responsibly | 18+ | |
| 12 |  Wildsino Casino | 1st deposit bonus and free spins 100% up to $750 | Minimum deposit $30 | Terms and conditions Terms and conditions apply. Play responsibly | 18+ | |
| 13 |  SpinBetter Casino | 1st deposit bonus and free spins 100% up to €300 | Minimum deposit €10 | Terms and conditions Terms and conditions apply. Play responsibly | 18+ | |
| 14 | Swiper Casino | 1st deposit bonus and free spins 100% up to $750 | Minimum deposit $30 | Terms and conditions Terms and conditions apply. Play responsibly | 18+ | |
| 15 |  Staxino Casino | 1st deposit bonus and free spins 100% up to $300 | Minimum deposit $20 | Terms and conditions Terms and conditions apply. Play responsibly | 18+ | |
| 16 |  Bet on Red Casino 5% Cashback | 1st deposit bonus and free spins 100% up to $500 | Minimum deposit $30 | Terms and conditions Terms and conditions apply. Play responsibly | 18+ | |
| 17 |  24 Casino 10% Cashback | 1st deposit bonus and free spins 100% up to $750 | Minimum deposit $30 | Terms and conditions Terms and conditions apply. Play responsibly | 18+ | |
| 18 |  Spinjo Casino | 1st deposit bonus and free spins 100% up to $1000 | Minimum deposit $30 | Terms and conditions Terms and conditions apply. Play responsibly | 18+ | |
| 19 |  LuckyHour Casino 10% Cashback | 1st deposit bonus and free spins 100% up to $750 | Minimum deposit $30 | Terms and conditions Terms and conditions apply. Play responsibly | 18+ | |
| 20 |  RT BET Casino 25% Cashback | 1st deposit bonus and free spins 100% up to $1750 | Minimum deposit $50 | Terms and conditions Terms and conditions apply. Play responsibly | 18+ |
How to Sign up for Cryptocurrency
Getting started with crypto can take a little research to determine which crypto is right for you and how you will transact online. Here's how to get started.
- Choose a crypto exchange: Sign up for an account on a reputable cryptocurrency. Based on our experience, we recommend Binance, Coinbase, or Kraken. You'll need to verify your ID as required by the platform and deposit funds.
- To buy cryptocurrency, Head to the trading section of the exchange, select the crypto you want to buy, and enter the amount you wish to purchase.
- Set up a crypto wallet: Choose a wallet type based on your needs (hot or cold wallet). Download the wallet software or set up your hardware wallet. You'll need to create a secure password and back up your recovery phrase.
- Transfer your cryptocurrency: If you bought crypto on an exchange, transfer it to your wallet by entering your wallet address on the exchange’s withdrawal page.
- Use cryptocurrency for transactions: To make a payment, go to the payment service or online merchant that accepts crypto. Enter the required details and confirm the transaction using your wallet. For online gambling, deposit crypto into your casino account and start playing.
The KYC Process
Many cryptocurrency platforms follow Know Your Customer (KYC) processes, although decentralised exchanges don't typically need to. That's because they don't hold user funds or personal information.
If you're using a centralised exchange (like Coinbase or Kraken
Crypto wallets are either custodial or non-custodial (self-hosted). If you're using a custodial wallet, you will need to follow KYC processes. This is because these types of wallets hold the private keys to a customer's wallet.
How We Rate Crypto Casinos
Our process for rating the best crypto casinos is thorough and all about recommending sites that offer a high-quality experience for players. We use strict casino review criteria to work out which casinos excel in offering crypto as a payment option. Here are some of the things we look at:
Availability
Ease of use
Customer service
Limitations
Fees
Crypto Bonuses and Promotions
If you're playing at a reputable crypto casino on our list, you'll find plenty of generous casino bonuses on offer. We've tested all the bonuses available at the sites on our list and put together our top recommendations. Our team has tested these by making deposits and checking the wagering requirements and terms and conditions to ensure they are fair and beneficial for everyone.
Here are three top casino bonuses when depositing with crypto:
- Olympia Casino: Players can access up to a whopping $10,000 at this online casino, with fair wagering requirements and 200 free spins.
- 5 Bonuses Casino: This casino will give players the chance to access up to $7,500 when you sign up and create an account online.
- Winmaker Casino: This site also offers a generous welcome bonus for new players - up to $7,500 plus 500 free spins. Wagering requirements are x40.
Is Crypto Legal in Australia?
Yes, crypto is legal to use in Australia. It's recognised as a legitimate currency, and you can legally use it for transactions, including deposits and withdrawals at online casinos. Crypto is regulated by the Australian Transaction Reports and Analysis Centre (AUSTRAC), which ensures compliance with anti-money laundering and counter-terrorism financing laws. There are no specific restrictions on using crypto for gambling in Australia.
Does Crypto Disclose Tax Information?
No, crypto doesn't disclose user information to the ATO. However, if there is suspicion of money laundering or tax evasion, different providers may be required to provide information upon request, especially with a court order.
Online casinos accepting crypto rarely report individual player data to tax authorities, focusing instead on general statistics. In Australia, gambling winnings are generally not taxed unless you are a professional gambler, so there is typically no requirement to report these earnings
Using Crypto to Transact at Online Casino Sites
If you're new to crypto casinos or cryptocurrency generally, it can be quite technical when you first start out. When gambling online, you'll use a specific cryptocurrency to transact. However, you may need to use a cryptocurrency exchange, a crypto wallet, or a payment service to facilitate the transfer.
Unlike traditional currencies issued by governments (fiat money), cryptocurrencies operate on decentralised networks based on blockchain technology. A blockchain is a distributed ledger that records all transactions across a network of computers, making it nearly impossible to alter or hack the data.
Components of Cryptocurrency
To use cryptocurrency, you'll interact with cryptocurrency exchanges, crypto wallets, and payment services. Let's explore a little further.
- Cryptocurrency exchange: A cryptocurrency exchange is a platform where you can buy, sell, or trade cryptocurrencies. It acts as a marketplace where you can exchange your fiat currency (like AUD) for cryptocurrency (like Bitcoin, Ethereum, etc.).
- Crypto wallet: A crypto wallet is a digital tool for storing, sending, and receiving cryptocurrencies. It doesn't store your actual coins but holds your private keys, which are crucial for accessing crypto on the blockchain. You can choose from hot wallets (connected to the internet, like mobile apps), or cold wallets which are offline and considered more secure.
- Payment service: A crypto payment service facilitates the use of cryptocurrency for transactions, particularly for purchasing goods or services online. These services can also be used to make payments at online casinos or to transfer funds between individuals. Some examples include BitPay and CoinPayments, which let businesses accept payment by cryptocurrencies.
Alternatives to Cryptocurrency
Crypto isn't for everyone. Given the technical know how to get started, you may want to consider other options that give you similar benefits. Here are our top alternatives, consider these options which are typically available at many traditional casino sites.
Conclusion
Compared to traditional online casinos, crypto casinos (like Bitcoin casino sites or Ethereum sites) offer significant benefits in terms of transaction speed and low fees. You also benefit from anonymity, which is a big drawcard for players who value their privacy when gambling online.
Be aware however that some casinos may not support withdrawals in crypto, which could be a drawback. And it's high volatility can impact how much you end up with when it comes time to withdrawing your winnings from playing casino games.
Overall crypto is a great choice for those who prioritize speed and privacy in their online gaming. And there are plenty of reputable crypto casinos available.
Crypto Casino - FAQs
Article Sources
Our writers use a range of reliable sources when producing our articles. We include stats, reports, original reporting and interviews with casino industry experts. We also reference original research from reputable publishers. Our editorial policy outlines the standards our editorial team need to follow to ensure we’re always providing accurate and unbiased content for our readers.
Nathan is our in house finance expert. He covers everything there is to know about the various payment options available at online casinos, helping you choose the best payment method for you.
Read more about the author