How to Gamble with Crypto Online

Michael H
October 17, 2023
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The 21st century can aptly be described as the Digital Age. The internet is the biggest source of information and communication that humanity has ever had, and most of us perform everyday tasks using this wonderful invention. In the digital age, it is only right that we should be using digital currencies. We are, of course, talking about crypto.

By this point, everyone is well aware of what cryptocurrency is, how it works, and what you can use it for. What most people don’t realize is that a lot of gambling websites have begun embracing crypto. Indeed, players and fans can now place bets using Bitcoin, Ethereum, Litecoin, and plenty of the other popular cryptocurrencies that have managed to rise to the top.

In this article, we are going to provide a guide for those of you who would like to try crypto-based gambling. We will discuss making deposits, withdrawals, selecting games, and much more. Without further ado, let us get into the meat and potatoes of this article.

Making Deposits with Cryptocurrency

The first thing you have to consider is depositing using crypto. However, not all websites accept crypto deposits. Therefore, the first step is discovering the online casinos that list “cryptocurrency” as a viable payment method.

Once you’ve discovered the website, you have to check whether it is safe to use. To do so, all you need to do is find out whether the website has a license. If the casino is licensed, then you are safe to gamble there. Now it is time to place a deposit. The following is a step-by-step guide to depositing using crypto.

Step 1: Visit the website

Step 2: Select the “Banking Option” menu

Step 3: Go to “deposits”

Step 4: Select cryptocurrency as your preferred method

Step 5: Make a deposit

Step 6: Play the game

If you would like to learn more about crypto-based depositing, you can read more about making a deposit on Stake.com. The website offers some excellent tips, tricks, and also lists quite a few crypto games that you can play for real money.

Making Withdrawals with Cryptocurrency

The best part about crypto-based gambling is that withdrawals are very quick. As a peer-to-peer system, cryptocurrency does not require any third party to review the payments, so you can get your cash sooner, rather than later.

Many might think that this makes cryptocurrency unsafe. However, that could not be further from the truth. In fact, crypto is one of the safer online gambling payment methods. After all, using blockchains and encryption is a sure-fire way to stay secure and anonymous.

The only issue you may face is the incredible volatility of crypto. While many get volatility wrong, it absolutely can be a problem for gamblers. However, savvy crypto-investors should be able to handle it. But, we do recommend getting a handle on crypto before you start gambling.

Before we close off this segment, we would like to give you a brief step-by-step guide on how to withdraw using cryptocurrency:

Step 1: go to the “withdrawal” section of your casino

Step 2: select cryptocurrency as a withdrawal method

Step 3: select the amount of cash you want to withdraw

Step 3.5: make sure that the amount is within the withdrawal limit

Step 4: collect your cash and enjoy

As you can see, withdrawing with crypto could not be simpler. All you have to do is follow these four simple steps, and you will have no problem collecting your crypto winnings.

Most Popular Games to Gamble on with Crypto

When browsing online casinos, most people are looking for diverse gaming libraries. However, there are a few games that most would consider “staples.” Without these games, the casino will surely get overlooked, and the customers will look elsewhere. But just which games are staples of casinos? And which of them allow crypto-based gambling?

Slots

Of course, slots are a must-have. Throughout the slot machine’s history, these simple games have become the most popular and sought-after games, not just online, but in land-based casinos. After all, there is a reason that any gambling establishment will feature dozens, if not hundreds of these machines in their main gambling hall.

Blackjack

The most popular card game in western casinos, blackjack is a staple of the casino industry. Online, you can play it with an AI dealer or a live dealer. Not only that, but you can absolutely place crypto-based deposits, and then collect your cash in the form of Bitcoin, Ethereum, or Tether, if you win.

Video Poker

Like slots, Video Poker is an incredibly successful game. Despite sharing a name with the popular card game, video poker is a lot closer to slots. You spin the reels, and must land a winning poker hand in order to win. At crypto casinos, video poker is an incredibly popular game.

Responsible Gambling using Crypto

In this final section, we would like to have a little discussion about responsible gambling. Basically, what we mean by responsible gambling is playing casino games in moderation, never spending too much time or money on any individual game, and just treating the practice as a hobby that you enjoy once in a while.

With online casinos, falling victim to problem gambling can be very easy. Despite the measures that these websites have taken to combat addiction, there are quite a few people who manage to get past these measures, and fall prey to problem gambling. That is why, we would like to share some methods that you can use to take action yourself and protect yourself.

Deposit Limits: Limit the amount of deposits you make yourself, rather than relying on the casino.

Account Timer: Limit the amount of time you spend gambling daily to less than 2 hours.

Bankrolls: Set aside a bankroll, and make sure that you never exceed the sum you’ve put aside for gambling.

It’s a Hobby: Remember that gambling is not a great way to make money. Instead, treat it as a hobby that sometimes may reward you.

Walk Away: Whether after a big win or a huge loss, walk away. It is not worth it to “double your cash” or to “keep going until you make it.”

Author Michael H

Michael is a true sports fanatic that loves playing slot games. He's an experienced writer with a passion for gambling, and keeps our readers informed about the top pokies. In his free time you can find him at the poker tables.