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Best Cryptocurrency Casinos For Indian Players 2022
Thanks to cryptocurrencies at online casinos, online gamblers will no longer have to use their credit cards or bank accounts to play. Say goodbye to the hassles of prepaid cards and electronic payment systems.
Are you wondering how to use cryptocurrencies in your online casino games? Perhaps you have heard of people talking about playing and winning using crypto. Well, read on. In this article, we take a look at different crypto accepted by online casinos.
A huge population of gaming enthusiasts have already used currencies like Bitcoin and there are many reasons why. Therefore, if you want to know how crypto gaming works, scroll further!
Top 5 Crypto Casinos To Play In India 2022
What Is Cryptocurrency?
Simply put, cryptocurrency is a form of digital money that you can use to buy goods and services. To some extent, they work like tokens or chips of trade online. To get crypto, you will have to exchange fiat currency. Blockchain is the technology that supports the entire process. It will manage and record all transactions that you make using crypto.
Common cryptocurrency accepted in online casinos
Bitcoin is the most famous cryptocurrencies in the world. Apart from making controversial news, it seems to be a favourite for most people. All the crypto casino sites accept bitcoin. Still, you will be happy to know that there are other crypto options.
The most popular crypto in present day times. It is widely accepted in other industries too.
Ethereum started as a crowd funding project but is currently used to support large businesses.
Bitcoin Cash was meant to offer faster transactions than typical bitcoin.
Just like Bitcoin, Litecoin used encryption methods to create, transfer and confirm transactions. However, Litecoin has more coins and faster transfers.
The Stellar blockchain’s crypto is called the lumen. It is growing more popular everyday.
Ripple is a successful and popular Altcoins. In fact, it is accepted by many huge companies, including casinos.
Tether is popular because it is a stable currency, backed by the dollar.
What are crypto casinos?
After knowing the different types of cryptos, it is time to look at the casino side of it. Crypto casinos are online gambling sites where gamblers use cryptocurrencies like Bitcoin to deposit into their accounts. Using crypto is simple, as you will learn below.
The use of crypto for gambling and betting has emerged because of the control and anonymity it provides.The transaction does not require personal and financial details to be complete.
Cryptocurrency casinos are convenient and secure
Using crypto like Litecoin makes it easy to manage and move money around. But perhaps the most appreciated part about crypto is the privacy they provide. The convenience of using cryptocurrencies for gambling is a huge advantage. It means you can play, win and withdraw your payouts undercover!
How To Get Started with crypto online casinos?
Playing and cashing out at crypto casinos is easy and straightforward. Let us dive into all the steps you need to make before playing.
Step 1: Create a crypto wallet for your funds
You must create a crypto wallet. It is the only place you can store your currencies like Bitcoin, Litecoin, Ether, etc. There is a wide range of wallets online. Therefore, we suggest that you only sign up at the best and safest cryptocurrency wallets.
Step 2: Buy the cryptocurrency
If it is your first time buying crypto, it is better to start with Bitcoin currency. It is popular and easier to understand. Plus, all crypto casinos accept BTC. Still, you can go for the alternatives, if your casino of choice allows it.
Ensure that you always buy crypto from licensed platforms. This will ensure that your funds are well protected from any sort of breach.
Step 3: Sign up at a trusted crypto gambling platform
Once you are sure of the games you want to play, it is time to join a crypto site. Playing at top casino sites ensures that you get tons of bonus offers. Above all, certified casinos are prompt with giving payouts.
Do you know of the best crypto casinos? If you are not sure, check out our list of the most trustworthy casinos to play with crypto.
Step 4: Make a deposit
When you are ready to re-fill your bankroll, the site will give you an address where you can send the crypto. Enter the address in your wallet and watch the funds reflect in your casino account instantly.
Step 5: Play, have fun and win!
Now that your player’s account is loaded, it is time to treat yourself. Head over to the casino’s lobby and pick any game that you like. Remember that you can always try and test the game in a demo version until you are comfortable making real money bets.
Pros of using crypto at online casinos
We hope that by now, you have learned a few things about crypto gambling. The main question is, should gamblers use crypto to play at online casinos?
To help you make an informed decision, let us go through the pros of gambling with cryptocurrencies like Bitcoin.
- Faster payouts – You no longer have to wait 3 business days to get your wins. Crypto withdrawals take a much shorter time to be processed.
- Flexible limits – When it comes to the lowest and highest deposits, most casino sites offer flexible limits.
- You can still access bonuses – The best part about using crypto for gambling is that you still get to accept and use bonuses. Plus, you might just happen to stumble upon a special promotion meant for crypto players.
- Low fee – Crypto deposits and withdrawals attract fewer fees or charges than typical currency.
- Moving your money is easy – Crypto transactions are faster and easier.
- Remain anonymous – The biggest convenience of crypto gambling is anonymity. All your personal data remains private throughout your gaming escapades.
Tips to online gambling with cryptocurrency
Before you can start spinning reels and joining table games using cryptocurrencies, we have some tips you might find useful. They will help to boost your gaming experience and increase your chances of making a payout.
Manage your crypto coin bankroll
We always insist that gamblers play within their budgets and the story does not change with crypto. Have a size betting strategy in place to make sure that you don’t go overboard with your spending.
Use a stable coin
One of the most notable facts about crypto is volatility. The price of cryptos changes faster than the weather. You might withdraw cash wins when the coin’s value has lowered, thus exposing you to losses.
‘StableCoins’ are a type of cryptocurrencies whose value is pegged to other asset classes, such as gold or fiat currencies to stabilize their prizes. The biggest risk factor with crypto is volatility. After all, one tweet from Elon Musk could change everything, like with dogecoin and bitcoin, earlier in 2022. That is why some people could be sceptical about using crypto for mobile gaming. Most players want to know the value of their coins in a week or more.
Fortunately, we have stable coins to help us tackle price fluctuations. So, how does it work?
The entity responsible for a stable coin will put up a ‘reserve’ where the asset or basket of assets is securely stored. For example, ₹100,000 in a land-based bank, to back up 100,000 unites of stable coin. In short – the money in the reserve will be a collateral for the stable coin.2