Crypto casinos are becoming an increasingly common phenomenon these days. The online gambling industry is growing every year, with an estimated compound annual growth rate (CAGR) of 11.7% by 2030. This growth in the market prompts more crypto casinos to join the call.
Furthermore, new crypto casinos strive to outdo their competitors. They endeavour to provide superior user experience in a bid to advance their reputation.
To help Canadian players get started, we’ve gathered the information you want, from an up-to-date list of all the newest online casinos that accept the major cryptocurrencies to the Pros and Cons of new crypto casinos. Also, we will pinpoint how to choose a reliable crypto casino.
Recently Launched Crypto Casinos
Crypto casinos are quickly becoming the most popular form of gambling in the online casino industry, and for a good reason. They offer all the excitement of traditional gambling with a few key benefits: no risk of losing money to a third party, no requirement to show identification at the door, and no expensive travel arrangements.
We’ve got you covered if you’re looking for a new crypto casino. Above are some of our favorite crypto casinos.
How do new crypto casinos work?
While new crypto casinos work similar to conventional online gambling sites, they are different because they use cryptocurrency instead of cash.
Following their relatively recent establishment in the industry, this is one of the fastest-growing industries.
These casinos offer an alternative to traditional gambling sites, which accept fiat currency for their transactions.
Crypto Casinos vs. Traditional Casinos
- First, a crypto casino will not accept cash or credit cards as payment methods. Instead, they only allow players to deposit money into their accounts using cryptocurrencies such as Bitcoin and Ethereum. Therefore, players must purchase a cryptocurrency of their choice before playing.
- Another difference between traditional and crypto casinos is that when playing at a traditional casino, you can withdraw your winnings in cash or credit card form. However, players must make crypto casino withdrawals using the same cryptocurrency they used to make their deposits.
- Typically, crypto casinos do not require as much personal information from their players. Players can make crypto transactions with increased security and anonymity, which attracts global interest from gambling enthusiasts.
- Finally, crypto casinos’ transaction times are often instant. Likewise, their lack of withdrawal limit attracts high rollers and dedicated gamblers alike.
How do crypto casinos work?
If you are interested in crypto, you’ve probably heard of the new crypto casinos that have been popping up all over the world. You may be wondering how they work, why they’re so popular, and what kind of games are available at these casinos.
New crypto casinos allow users to deposit their cryptocurrencies into their accounts and then use those funds to make bets or to play their favorite games. The casinos then pay out the winnings directly in the crypto form. The process is simple and seamless—you don’t have to do anything other than fund your account with an accepted cryptocurrency and start betting!
Deposits and Withdrawals
Smooth, reliable, and fast deposits & withdrawals are part of the essential elements of playing at any online casino. You have to deposit money into your account before you can make any bets, and once you’ve accumulated your winnings, you’ll need to withdraw them.
If you are new to crypto casinos, or whether you just want to learn more about deposits and withdrawals, then read on!
In order to make a deposit, you’ll need to add funds from your wallet to your account.
For example, if you wanted to deposit BTC on an Ethereum casino, then all you’d need is an address for the casino’s wallet—and then an address for your wallet. From there, you will need sufficient Ether in order to complete the transaction. However, your chosen crypto casino will stipulate your minimal deposit amount.
After gaming in a casino, players will need to cash out their winnings. If they’ve been playing with cryptocurrencies, they can simply transfer their winnings from their casino account to their wallet address.
However, if they’ve been playing with fiat currencies instead, then they will need to exchange their winnings into cryptocurrency before being able to transfer them back out again!
Choosing the best new Bitcoin casinos
The vast US gambling market is rapidly expanding, which prompts the emergence of new Bitcoin casinos on a daily basis. It is imperative that players are equipped with the relevant knowledge before they start playing. Also, it is crucial to ensure that your money is safe, the games are fair, and the customer support is excellent.
But how do you choose the best casino for you?
Here’s a quick guide on how to make an informed decision when selecting a new cryptocurrency casino for your US-based gambling needs.
The first thing that you should consider is customer support. You want to ensure the casino has excellent customer service. The best crypto casinos offer 24/7 live chat, a dedicated and detailed FAQ page, and email and phone contact details. Ideally, your casino will respond to your queries promptly and effectively.
Games on offer
Next, take a look at the games on offer. The number of games available in a casino can vary from one site to another. Expect to find tons of options when it comes to online gambling, from slots and table games to poker and sports betting. However, every player has preferences; the more variety available on a given site, the better your chances of finding something you love.
Also, a casino’s interface is important. A well-organized selection of games with advanced search filters will help you to locate your favorite games quickly and with ease.
Reputable casinos work with top software providers such as NetEnt and Evolution Gaming to create high-quality and popular games.
Games to play at new crypto casinos
Security options of the casino site
The most important thing when choosing a new bitcoin casino is security. Ensure the site protects all your personal data through SSL encryption and ensure your information remains private at all times. They should also use RNGs (random number generators) to ensure fairness in every aspect of their operations—from gameplay to payouts.
Another thing to consider when choosing a casino is whether or not they have a license from the government where their casino is located. Or if they’re licensed by an independent organization like eCOGRA (eCommerce Online Gaming Regulation & Assurance).
You can also check licensure from a reputable regulatory body like Curaçao eGaming or Malta Gaming Authority. The casino regulators help regulate online casinos’ fairness, security, and responsible gaming practices around the world. These licenses represent legitimacy and trustworthiness, which will help prevent fraud and keep your funds safe from hackers.
It would be best if you also looked into their reputation, such as any recent scandals involving them or anything else that could affect their reputation negatively.
If a crypto casino has been around for a while and has positive reviews from players (and not just paid reviewers), that’s usually a good indication of a trustworthy provider. Players can also look for the Provably Fair logo, which is another representation of game fairness.
The cost of withdrawing winnings varies depending on which method you choose to withdraw funds. Most casinos offer several methods of payment, including debit cards, credit cards, bank transfers, PayPal, and Skrill (formerly Moneybookers). Some crypto casinos accept only cryptocurrencies.
Both casino providers and e-wallets can impose charges on players’ transactions. Therefore, it is important to check their terms and conditions beforehand.
Additionally, check the withdrawal times associated with your chosen payment method. The best casinos facilitate instant withdrawal without limits. It is also wise to check for wagering requirements that players may have to satisfy before they can withdraw their winnings.
Accepted payment methods
What payment methods do they accept? All new crypto casinos accept a growing range of cryptocurrencies. Some also accept fiat currency. It’s important that your chosen site supports a wide range of payment methods or currencies. A wide range of methods often indicates a reputable casino provider.
Advantages of Crypto Casinos
The new BTC casinos are quickly gaining popularity. Many players turn to these casinos because they offer more security and anonymity than traditional online casinos. Here are some additional advantages associated with crypto casinos:
- Anonymous gaming: Most of these casinos do not require you to provide your personal information when registering an account with them. This means that you can play anonymously, which is something that conventional casinos cannot offer.
- Higher levels of security: Cryptocurrency is decentralized, meaning that it’s not controlled by any government or bank—its users own it. Moreover, this implies that nobody can take away your money or freeze your account, which is a possible occurrence when using other types of gambling sites.
- Fast Payouts: You can deposit and withdraw funds quickly using cryptocurrencies like Bitcoin or Ethereum, so you don’t have to wait for a wire transfer or check to clear before you can play again.
- They’re mobile-friendly. With a smartphone or tablet, you can access and play any game from anywhere in the world!
- No credit card fees. Unlike traditional casinos that charge hefty fees for both deposits and withdrawals, crypto casinos usually charge very little or no fees, and transactions are processed instantly from your wallet.
- They’re easy to use: Anyone who has used PayPal before will find it easy to navigate around these sites, even if they’ve never gambled before. They have simple interfaces that make it easy for anyone to place bets and win big!
- Crypto casinos are often referred to as the new generation of online casinos. Therefore, the quality of their games is often superior. This is due to their use of innovative HTML5 technology and their partnership with top software providers.
Disadvantages of Crypto Casinos
- You need to buy Bitcoin or Ethereum first to play at a crypto casino. This can be difficult if you don’t have access to an exchange or don’t have a credit card.
- You will likely have to pay fees when processing e-wallet transactions.
- Only a few crypto casinos accept US players.
- Cryptocurrency is volatile by nature. The value and stability of crypto can fluctuate significantly and rapidly. However, this can be detrimental, or it can work in your favor.
New Crypto Casino – FAQs
What is the best new Crypto casino?
The best new crypto casino is one that offers a great selection of games, fair odds, and a secure platform. When choosing a crypto casino, the most important thing is to check its reputation and ensure it has been around for a while. You also want to ensure that the site has been audited by a reputable third party, who will confirm that all of its gambling policies are fair and transparent.
Can I play live in the new Bitcoin Casinos?
Yes! Many of the new crypto casinos offer live games like blackjack, roulette, baccarat, and more. In addition, there are some sites where you can play poker with other players from all around the world! While they’re not popular online casinos, they’re growing in popularity because they’re convenient; you don’t need to leave your house to play!
Is it legal to gamble in new Crypto casinos?
It’s legal to gamble in the new crypto casinos if you’re over 21 years old and live in one of the states where gambling is allowed. The states that allow gambling include Nevada, New Jersey, Delaware, Pennsylvania, Mississippi, and Louisiana.
Crypto casinos remain the most outstanding solution to your gambling needs. They are built on a decentralized platform meaning your funds are always safe with crypto casinos. Additionally, they are very efficient, and this is one of the main things that makes crypto casinos popular as a gambling platform. In addition to all these fantastic benefits, crypto casinos offer better odds, which can help you win lucrative jackpots!