Many casinos now offer deposits through cryptocurrencies

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Cryptocurrency is becoming extremely popular with modern consumers as the digital currencies can make it easier to transfer funds globally. Using cryptocurrency to fund your casino gaming means sourcing casinos that offer this facility, however. There are unfortunately no casinos that we can recommend that offer you an casino bonus on your first deposit if you use cryptocurrencies so if that is what you are looking for then it’s better to deposit with zimpler.

There are a range of US-based casinos where cryptocurrency deposits are acceptable and this trend is slowly percolating around the globe. The other alternative is to exchange cryptocurrencies using a regular payment provider and many of them do accept cryptocurrency deposits, this means you can gamble with any online casino. Unfortunately, here in the UK the Gambling Commission don’t allow deposits by way of digital currencies, so any online casino that’s regulated out of the UK won’t accept cryptocurrency deposits at present. As stated, there are ways around this and use of popular cryptocurrencies to fund cash with online payment providers is one way of ensuring you can play at any online casino.

About cryptocurrency

The growing popularity of cryptocurrencies is testament to their ease of use on digital platforms. However, it’s important to use popular cryptocurrencies. There are nearly 1,500 cryptocurrencies in existence and more are being added all the time. Some of the most popular ones are Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, Dogecoin and Stellar.

One of the main benefits of cryptocurrencies is their high level of security and this alternative digital currency should prove extremely popular for gambling in future years. However, at this moment in time there aren’t too many major casinos that will accept cryptocurrency deposits. Furthermore, as already noted it’s important for consumers to use the popular cryptocurrencies, as these are increasingly utilised in digital marketplaces.

Using cryptocurrency for online gambling

A variety of online casinos will accept cryptocurrency deposits, although these are mostly Bitcoin or Ethereum casinos, betting sites, dicing sites and poker sites. Some of these include:

All the above casinos have been independently verified by specialists in cryptocurrency and test evaluations are available online, if needed.

If you prefer to deposit your cryptocurrency with a recognised online payment provider, you will find that Neteller, Skrill and Trustly will accept Bitcoin. Although, you may need to carry out some independent research to find out which providers accept other cryptocurrencies. Of course, if you hold your cryptocurrencies in an electronic wallet you may be able to transfer all your holdings into Bitcoin prior to using your currency to fund gambling.

Reasons cryptocurrency is ideal for gambling

At present the use of cryptocurrencies to fund online gambling in UK registered casinos is forbidden by the Gambling Commission, however, experts feel it will only be a matter of time before it is a recognised method of payment. Using cryptocurrency to fund gambling deposits will benefit casinos immensely as it reduces the time taken to process deposits and associated transaction costs. In actuality the use of cryptocurrency for gambling deposits will also benefit customers immensely as well. This is because there won’t be any middleman transaction costs to pay.

Growing acceptance of all the major cryptocurrencies may well take some time. But, it seems this digital coinage is here to stay and casinos, for one, are highly welcoming of any changeover to rules about acceptable deposits. Ultimately, cuts in fees for casino transactions will be a positive move for players and for businesses, so it’s to be hoped that cryptocurrency deposits will be legally acceptable in far more online casinos in the very near future.