Crypto Currency Casinos

Most people are familiar with Bitcoin, not least from the economic news, but there are more digital currencies than that. Bitcoin and other models are normally called cryptocurrencies and today they can be used both for trading and as investments. However, not at online casinos anymore.

Briefly about cryptocurrencies

As currencies with the same viability as, for example they have also been able to be used for games at cryptocurrency casinos such as bitcoin casino. This has long been a trend even in licensed casinos , where today it is a matter of making deposits and verifying oneself with bank identification. Previously, you had the opportunity to both deposit and withdraw for example, bitcoin.

This is how you play with cryptocurrencies

Crypto casino is not completely different from a regular online casino. The only difference really is that sites that support cryptocurrencies offer their players the choice to make deposits and withdrawals with digital currencies. In all other aspects, Bitcoin casinos work in the same way as other online casinos, but with several risks that are included when playing at a casino without a license.

Start playing with cryptocurrencies 3 steps

To be able to play with Bitcoin and other currencies at gaming companies and casinos, you must go through three steps:

1. Decide which cryptocurrency to play with

2. Arrange with a wallet

3. Buy the currency.

But since the gaming market no longer approves games with cryptocurrencies, we can not recommend a gaming company where this is approved anymore.

Pros and cons of casinos with cryptocurrency

If it is Bitcoin or another cryptocurrency you want to play with, there are of course advantages to finding a casino that offers the opportunity. Today, however, it is difficult to see the benefits of playing casino with cryptocurrency that are not the same as playing at online casinos with egTrustly.

Value changes

Poorer consumer protection

No tax-free games

Even those who have no deeper knowledge of Bitcoin know that the value of the digital currency has fluctuated enormously in recent years. After a modest, but still fairly steady increase in value, from the start, both the value and the interest.

For deposits with credit cards, there are strong consumer protection rules and for deposits with Trustly, you accept deposits with Bank Identification. For deposits with cryptocurrencies, you really have no consumer protection at all. In addition, there is always the risk that your wallet or computer will be hacked. You may also happen to enter the wrong sender and in such cases it will be very difficult to get your money back.

Last but not least, we should mention that cryptocurrencies most often have a license outside the EU. The effect is that the winnings you may record cannot be seen as tax-free.

There are several online casinos that accept payments with Bitcoin. However, the opportunity to play casino with Bitcoin is not offered to players, even if a gaming company can approve deposits with Bitcoin in other countries where the law for online gaming looks different.

Summary

Playing online casino with Bitcoin or another cryptocurrency is a thing of the past, at least for us players. Of course, there is the possibility of making deposits with cryptocurrencies at international online casinos, but as the risks with it are too many and too great, there is nothing we can neither recommend nor give a clearer picture of at present. With this said, we do not mean that Bitcoin is a bad currency, on the contrary, we have seen various cases where people have found great benefits in buying Bitcoin.