Best USA Bitcoin Casinos

USA Crypto Casinos Summary

With cryptocurrencies becoming more and more popular each and every day, not only in the US but worldwide, it is more than understandable why some online casinos have started implementing them as a payment method. Other online casinos have their reservations towards the idea of accepting cryptocurrencies and it is due to the fact that if they have a Malta Gaming Authority (MGA) or a UK Gambling Commission (UKGC) license, for example, they will have to forfeit it because none of these regulators support gambling with cryptocurrencies.

As expected, online crypto casinos are quite convenient for players who prefer keeping their privacy, love quick transactions, low fees, and the idea of not using fiat currencies for gambling. All of this sounds good on paper, but there are also casinos that are going to try and capitalize on the fact that this sector of the industry is fairly unregulated and before you know it, your balance might be lost.

Whether you have decided you wish to start playing at online crypto casinos or are simply interested in this part of the industry, the following information will definitely give you some valuable fundamental insight.

Why you should consider playing at a crypto casino?

The blockchain technology that the bigger and more popular cryptocurrencies use is inarguably one of the safest transaction methods in general. Put simply, the blockchain makes it nearly impossible to change recorded transactions, but the transactions themselves cannot be traced back to you.

No personal information is required when transferring cryptocurrencies, which one might think that it will affect the transaction itself, but it actually will not, and even better, the government cannot manipulate or monitor any of the transactions happening, meaning you will remain anonymous during this whole activity.

Another thing that we mentioned earlier is the speed of the transactions. Both depositing and withdrawing take less than a couple of minutes, sometimes even only a couple of seconds. This is something that bank providers are not very fond of as it can cause a disruption in the long term.

One more reason why banks are not fond of cryptocurrency transactions is the fact that there are little to no fees, and when compared to fees that often go up to the double digits, it is easy to see why people will start preferring crypto transactions instead of conventional fiat transactions more and more.

Pros & Cons

Although the pros outweigh the cons, it will depend on what you value when it comes to privacy, security, fees, transactions speed, etc.

PROS

Privacy – It comes with no surprise that remaining anonymous while making transactions and playing in an online casino is one of the biggest reasons why people decide to give crypto casinos in particular a try.

Speedy transactions – You can easily start playing at any crypto casino, due to how easy and fast it is to deposit, and you can reap your winnings in the same fashion, with little to no effort and considerably fewer headaches in comparison to the more conventional methods.

Little to no fees – The fees required to make a transaction from and to your crypto wallet are considerably less than what it would cost to do the same using your bank account.

Crypto-only games – Some game providers have started developing games that can only be played using crypto, and are already alternating games that have been out for a while to also accept crypto, alongside fiat currencies.

No US restrictions – While most states in the US forbid their casinos from accepting cryptocurrencies, there aren’t any specific laws that forbid the citizens from playing at off-shore licensed online crypto casinos.

CONS

Security – It is easier to be deceived by crypto casinos, due to the fact that the better regulators such as Malta Gaming Authority (MGA) or a UK Gambling Commission (UKGC) are yet to decide whether they wish to affiliate with crypto casinos, so the only other option becomes a Curacao license, which some experienced players are not fond of.

Cryptocurrencies are volatile – As the crypto industry is rather new and due to its nature, it is possible that your winnings can be worth a ton one day and nothing the next.

Regulations + License + Specifics for US

When it comes to online crypto casino regulations we have to start off by giving more information on the biggest regulators.

The Malta Gaming Authority (MGA) – This is probably the most popular regulator when it comes to online casinos. They have been around since 2001 so you could guess that they have quite the experience. Their main goal is to ensure fairness and transparency for players who choose online casinos under their license. It’s been a while since MGA has put out a statement as to why they do not wish to affiliate with crypto casinos, but it is most likely due to the fact that cryptocurrencies can be used for activities in the grey sector.

UK Gambling Commission (UKGC) – On par with the MGA regulator in terms of popularity, they have been around for a bit less, as they were formed in 2007 and even assumed the responsibility to keep the National Lottery in Great Britain regulated since 2013. The reason why they do not affiliate with the crypto casino industry is only up to speculations, but you could probably make a “wild” guess as to why. Although they accept applications from crypto casinos they are yet to announce any affiliation with one.

Now we have to look at the regulator that crypto casinos have no other choice but to go to, which is not necessarily a bad thing.

Curacao Gaming Control Board (CGCB) – Curacao is a well-known off-shore regulator with mixed reviews when it comes from the players’ personal experience. It is not the most secure due to the fact that there is not that much evidence that the Curacao officials assist players affected by delayed payments, lower payouts, etc, which is why you should be on the lookout for casinos that are only there to deceive and scam you. Other than that, it should be noted that this is the only regulator that accepts crypto as a payment option for their casinos, so owners are left with little to no choice at this point.

Accepted cryptocurrencies

As time goes by, new cryptocurrencies keep popping up every day. The ones that surge up in popularity are the ones that the online crypto casinos tend to work with the most. It comes as no surprise that nearly every single online crypto casino works with Bitcoin.

US-based online crypto casinos tend to accept more than just Bitcoin, as some other options are the next in line Ethereum, followed by the smaller cryptocurrencies such as Litecoin, Bitcoin Cash, Dash, Tether, and of course, most recently, the notorious Dogecoin, which surged to stardom in a matter of hours, starting off as a joke.

It should be noted that there are also a lot of online crypto casinos that take in players’ requests to add new cryptocurrencies as a payment option.

Deposits & Withdrawals

It is so much easier and faster to deposit and withdraw funds from online crypto casinos than it is from conventional online casinos, allowing players to get to game in a matter of minutes, after setting up their account.

In order to make transactions, you will need a crypto wallet, which is similar to a bank account in a sense. It is an address where all of your coins are accounted for. No transactions can be made if you lack a crypto wallet, so if you don’t have one already, we recommend creating one or purchasing a physical one.

Once you own a crypto wallet and have registered an account in a crypto casino, you will need to find the, (usually) big green deposit button. In there you will have to choose a cryptocurrency you wish to deposit in and transfer the chosen amount to the provided address, which will add the sum to your account’s balance.

When it comes to withdrawals you will need to perform a similar action. Once you go to the wallet section you will need to select the cryptocurrency you have available and write down the amount you wish to withdraw. After that, it will take less than a couple of minutes (although it can sometimes take some more time) after the casino approves your request, to see the sum added to your balance.

Final Thoughts

It is clear when you look at the comparisons that crypto casinos have way more advantages when it comes to payments when compared to your regular online casino. Nothing can compete with the privacy and security of cryptocurrency transactions.

We would definitely recommend trying out this sector of the casino industry, as there are also other benefits as exclusive games, special offers for players who use crypto, and better bonuses and prizes.

If you are looking for a suitable casino, make sure you check our top-rated crypto casinos and go through the reviews for more details.