The days of delayed online casino payouts are over! Instead, go to a crypto casinos and utilize Bitcoin, Ethereum, or any of a dozen other currencies to get your money faster. No more waiting days for your earnings to be deposited into your bank account. Not only is cryptocurrency speedy, but it also has a safe and secure transaction verification mechanism.
Crypto is a booming sector, and many online casinos have recognized the need to adapt in order to handle currencies such as Bitcoin, Ethereum, and Litecoin, among others. These banking techniques provide gamers complete control over their spending by minimizing fees and speeding up transactions.
Best Crypto Casino Sites in the Philippines for 2023
Most major cryptocurrencies use peer-to-peer transaction techniques, which means you’re transmitting money to another individual. This differs from traditional banking systems, which include third-party providers such as banks, credit unions, eWallet providers, and even card-service providers.
Bitcoin was the first cryptocurrency, and it is the most well-known, but it is not the be-all and end-all of digital currencies. Ethereum is the second-largest cryptocurrency by market capitalization, and it is far faster than Bitcoin. Whereas Bitcoin transactions rely on proof-of-work network verification, Ethereum now employs proof-of-stake, which substantially reduces the amount of energy consumed for each transaction. Other currencies, including as BitcoinCash, Litecoin, and Solana, have begun to improve the crypto process.
In layman’s words, crypto is a secure, person-to-person transaction system that removes third-party intermediaries and decreases costs imposed by these intermediaries. It’s perfect for gamblers because it’s quick, secure, and anonymous.
Basics of Crypto Casinos and Its Service Offerings
A crypto casinos, as the name implies, is a gaming platform that primarily takes cryptocurrencies. Check the platform’s homepage or click the ‘Banking’ or ‘Payment’ sections to see if it takes cryptocurrencies. These sections will include a list of accepted payment methods, including cryptocurrency. You can also expect the same selection of casino games at crypto betting sites, including regular video slots, table games, and live dealer games. The main difference is that at an online crypto casinos, you can deposit and withdraw sums using your cryptocurrency.
Types of Crypto Casinos
Bitcoin Gambling Sites:
Bitcoin is the first cryptocurrency, having been created in 2009 on the original block chain (the decentralized network). While many other coins are now available, the number of casinos that accept Bitcoin (BTC) is greater than any other cryptocurrency, therefore we look at which sites are the best and why you should use Bitcoin for your payments.
Litecoin Gambling Sites:
Litecoin, another cryptocurrency that was introduced on Github in 2011, is the brainchild of a former Google employee. This is yet another attempt to build the same decentralized network at a higher speed. Litecoin (LTC) is a great alternative to Bitcoin that is being accepted by more casinos every day.
BitcoinCash (BCH) Gambling Sites:
After the original open-source blockchain technology was released, an increasing number of developers sought ways to improve it and mitigate the challenges that arose as a result of its popularity. BitcoinCash is a cryptocurrency that arose from a break in the Bitcoin blockchain and is now widely recognized as the cryptocurrency’s likely successor.
Ethereum Gambling Sites:
Another famous blockchain network is Ethereum, whose money (Ether) is now widely recognized by online gaming companies. Ether is hailed as more efficient by those that use it, with acceptance times faster than BTC. We examine all of the sites that accept Ether as payment and what makes one site superior to another in the long run for gamers.
As you may have observed, we are quite prejudiced toward cryptocurrency. However, in our defense, it is an excellent banking option, particularly for those who visit online casinos. Here are some of the main reasons why you should consider adopting cryptocurrency instead of your existing banking method.
The possibility to collect crypto-exclusive bonuses is one of the key reasons that gamblers choose to deposit using Bitcoin over a credit card. Because online casinos want to have large crypto wallets, they can provide larger deposit bonuses, free spins, or cashback on crypto deposits. Deposit increases of up to 600% are possible in some situations for crypto deposits! Before claiming crypto bonuses, always read the terms and conditions.
Whereas credit and debit card transactions must be approved by a third party, crypto transactions are validated by the blockchain network. In most circumstances, withdrawals will be processed within hours rather than days. This depends on the cryptocurrency you’re using, with Bitcoin taking up to 24 hours other coins like Ethereum, Litecoin, and BitcoinCash completing verification in less than an hour.
Crypto has always been associated with security. The blockchain technology that underpins cryptocurrency transactions is transparent, with each transaction being recorded in a public ledger. Furthermore, seed phrases, two-factor authentication, and other security features are used to protect crypto wallets and exchanges. Transactions are also usually anonymous, which means you can deposit at online casinos without disclosing your personal information to banking or credit card companies.
When depositing and withdrawing from online casinos, online banking solutions such as eWallets or credit/debit cards frequently levy additional fees. However, because cryptocurrency is a peer-to-peer currency, crypto casinos can eliminate fees. In some cases, you’ll have to pay a small fee for using your wallet (commonly referred to as “gas”), but for the most part, you’ll see significantly fewer fees than if you used a traditional banking method.
Crypto Casino Safety Tips
When you first start using cryptocurrencies for gambling, there are a few things you should bear in mind. Because crypto is not administered by a third entity, such as a bank, you will not receive any type of fraud protection or insurance on your funds. The easiest method to avoid having your crypto assets stolen is to follow a few safety rules:
- Never give anyone your seed phrase or crypto wallet passwords. The seed word is supposed to be unhackable, but if you share it carelessly or retain it on your computer, you expose yourself to vulnerabilities. The easiest way to keep your seed phrase safe is to keep a hard copy in a notebook or other paper in a lockbox.
- Use many wallets. Experienced cryptocurrency users will store at least two wallets, if not more. A cold wallet is one that does not communicate with any websites or casinos. The cold wallet is intended to limit touch and consequently exposure. Your everyday wallet is referred to as a hot wallet, and it communicates with casinos and other websites. Keep only the minimal necessities in your hot wallet.
- When gambling online, always utilize a VPN. This just provides another layer of security to your online activities and may stop hackers from attempting to access your IP address and cryptocurrency wallets.
- Use trusted websites. Signing contracts with your wallet for sites you don’t trust is a bad idea. Some hackers will create staging sites that appear to be your favorite exchange or crypto casino, but are actually phishing for your wallet info. Always double-check the legitimacy of the website you’re visiting.
Today, it is simple to find casinos that accept Bitcoin. If you want to enjoy the benefits of crypto casino gambling, there are dozens of top-tier sites that are completely regulated and licensed to operate. However, just as you would when looking for the greatest online casino, you need exercise caution when comparing the top cryptocurrency betting sites.
When faced with an endless list of options, pick casinos that provide a diverse range of games, tempting bonuses and promotions, and a reputable cashier section. Look for a crypto casino that has a diverse selection of video slots, table games, jackpot games, and live dealer games. Consider the quality of bonuses offered by your selected Bitcoin or Ethereum casino.
Furthermore, look for a crypto casino no deposit bonus in the form of free spins or bonus cash for the greatest experience. Aside from these regular promotions, you can’t go wrong with cashback, comp points, and reload incentives.