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Crypto Gambling

It’s hard to surprise British gamblers with traditional fiat payment methods, so our OnlineCasinoProfy team is going to cover the crypto gambling UK theme. Such payments are based on blockchain transactions, which allows players to have larger limits and keep the transactions charge-free and private. A wide range of software, including BTC slots and crash games, is focused on crypto players. The same is with sports betting. Crypto bonuses are also quite frequent. On this page, we’ll provide a crypto gambling guide 2024 to let our readers understand why cryptocurrency payments in iGaming are so popular and how to play at the best crypto casinos in the UK!

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What is Crypto Gambling?

Unlike the traditional fiat experience, crypto gambling stands out for several reasons. First and foremost, you transfer funds from your blockchain wallet and don’t need it to verify it or report your withdrawals. Besides, such transactions are instant, including cashouts, and commission-free. It’s convenient compared to popular yet slow payment options like debit cards or bank transfers. And the main advantage of cryptocurrency gambling is the absence of deposit limits, as well as higher cashout limits per transaction. It’s suitable for high-rollers and those who want to quickly reach higher VIP statuses.

Benefits of Crypto Gambling

We don’t say that you should forget about the GBP currency or payment options like e-wallets and debit cards. However, the gambling crypto option is definitely worth your attention. To understand why so many online casinos offer this option and what advantages you can gain for yourself, let’s examine the main advantages of crypto gambling sites available for British players.

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  • Anonymity

    When making payments via bank cards or e-wallets, they need to be registered in your name and verified at the casino. However, crypto wallets don’t set such restrictions and you can keep your transactions private.

  • Payment speed

    UK crypto gambling sites will provide not only instant deposits but also just as fast cashouts when players opt for BTC, ETH, and other blockchain variations. Getting withdrawals in a few minutes is what we really like.

  • Lower fees

    In some cases, the fees can be charged by the service where you keep your crypto wallet, while large online casinos try to absorb the commissions so that you enjoy charge-free deposits and withdrawals.

  • Wide acceptance

    Since this payment option is now extremely popular, it won’t be difficult to find crypto-friendly casinos according to your preferences and join the best crypto gambling sites.

  • Wide game selection

    Fond of slots? Or looking forward to playing with live dealers? Maybe interested in some crash games? At any rate, all this software is available for Bitcoin, Tether, and other cryptos.

The range of accepted currencies varies depending on the conditions of the crypto gambling site, so it’s worth checking the payments page or the drop-down list of currencies while registration. Below, we’ll explain the most popular currencies and recommend the best crypto wallet for online gambling!

Bitcoin

Bitcoin_logo

Perhaps, when we say ‘cryptocurrency’, Bitcoin is the first variation to think about since it’s one of the pioneers of the blockchain payments involved in online crypto gambling. It’s considered that BTC was invented by Satoshi Nakamoto in 2008, and it was he who implemented the Bitcoin software as open-source code a year later. This system is built on a peer-to-peer network. It does not have a central authority and allows anyone to become a miner. Interestingly, the last Bitcoin is considered to be generated in around 2140. Many online casinos have a BTC Games section in the catalogue. The currency is very volatile, and at the beginning of 2024, 1 BTC is equal to 20,000+ GBP.

Ethereum

Ethereum

One more popular option for UK crypto gambling is Ethereum, also known as Ether or ETH. Unlike Bitcoin, this currency is less volatile and the exchange rate is about 1,500 GBP for 1 ETH. This open-source blockchain option is second to Bitcoin in terms of market capitalisation. The method was first described in 2013 by Vitaly Buterin. However, the unusual thing about Ethereum is that it has a really long list of 8 founders. Casinos are really friendly to the method, so you simply open the ETH wallet, choose an online casino, and transfer funds to your account.

Ripple

Ripple

This is an RTGS (Real-time gross settlement) system which also works as a currency exchange and remittance network. It’s a product represented in 2012 by the Ripple Labs Inc US company, hence the name. Ripple has tokens of several types, including fiat, crypto, and commodities. The method is quite popular in daily transactions. For example, by 2018, 100+ banks were dealing with the method, though they used only Ripple’s XCurrent messaging technology instead of crypto due to its volatility risks. The best crypto gambling sites accept XRP pretty often. The approximate exchange rate is 1 XRP to 0.38 GBP.

Dogecoin

Dogecoin

One more popular currency you can find on crypto gambling websites is Dogecoin or DOGE. Billy Markus and Jackson Palmer are the software engineers standing behind the product. They represented the currency in 2013 as a joke since it’s the first meme coin with the Shiba Inu dog on the coin’s face. However, this joke managed to succeed, so the peak market capitalisation in 2021 exceeded $85 billion. The exchange rate is very different from the other cryptocurrencies mentioned above since 1 DOGE is worth about 0.067 GBP. Its slogan is “fun and friendly Internet currency”, and we can add that it’s gambling-focused as well.

Litecoin

Litecoin

What is the best crypto gambling site without LTC? Litecoin was represented by Charlie Lee, a Google employee, on October 7, 2011. Technically, it uses the slightly modified Bitcoin codebase, which makes the method quite similar. However, there are certain differences. For example, Bitcoin’s targeted block time is 10 minutes, while this rate for LTC is 2.5 minutes, which makes the method more attractive in terms of fast transactions. You get approximately 70 GBP for 1 LTC. If your online casino has crypto bonuses, in most cases, Litecoin is also involved in the promotion.

Tether

Tether

USDT is also extremely popular in the iGaming niche. It was represented by Tether Limited Inc in 2014. As for this gambling sites crypto option, Tether is a stablecoin, which means that it’s pegged to a reference asset. In this case, it’s USD (mainly, 1:1) and the company claims that they have all United States dollars in reserve to guarantee withdrawals. Since GBP and USD have a bit different rates, 1 USDT is equal to about 0.80 GBP. It’s convenient to calculate such transactions when playing for real funds at an online casino since it’s very common to fiat dollar payments.

Solana

Solana

It’s a rather new option launched in 2020 by Solana Labs owned by Anatoly Yakovenko and Raj Gokal. The rate is about 1 SOL for 16 GBP. The currency’s total market cap was US$55 billion in January 2022. Statistically, the company boasts 11.5M+ active accounts, 21.9M+ NFTs minted, and a really low average cost per transaction worth $0.00025. This currency provides block times of 400 milliseconds for super-fast payments, an opportunity to handle thousands of transactions per second, and an eco-friendly approach so that a Solana transaction consumes as little as a few Google searches. If your crypto gambling platform accepts SOL, it’s a good way to deposit and withdraw.

Steps to Follow While Gambling with Crypto

To start gambling with crypto, you need to deal not only with an online casino but also with the blockchain system since it’s necessary to create a wallet and top it up before you deposit and start playing for real money. But don’t worry, modern services, as well as the guide below, simplify things and it takes a few minutes to get started.

Create a Crypto Wallet

You can get an online, software, or hardware wallet. Newbies will appreciate the online version since it’s enough to sign up for a certain service. Once it’s created, you get a unique address and can top up the account to transfer funds then.

Purchase Cryptos

The next step is adding cryptocurrency for gambling to your wallet, so you need to top it up. There are different ways to do it, including getting a direct crypto transfer or the exchange service when you pay with another currency and get crypto then.

Choose a Gambling Site

Next, it’s time to choose crypto gambling sites UK. This page and our site in general have the main goal to highlight the best online casinos according to the focus on crypto and essential details like easy-to-wager bonuses and top-notch games.

Choose a Game

Now, you can start gambling with cryptocurrency. Choose a game to play, considering its RTP, volatility, functions, and plot. These can be slots, crash games, tables, live software, or whatever else you appreciate.

Different Ways of Gambling with Cryptocurrency

The best crypto gambling websites provide players with a wide range of betting opportunities, be it a stake on slots or a sports betting wager. The games to play are also diversified, as well as the sports events to make a prediction. In these blocks, we’ll cover the main directions you can choose to place cryptocurrency bets and hunt for real wins.

Crypto Gaming Platform

One of the largest sectors in the crypto currency gambling area is occupied by online casinos since these sites are convenient, mobile-focused, and packed with hundreds of games, as well as additional advantages like bonuses, tournaments, and VIP privileges. Today, you can meet either sites that accept both fiat and crypto or fully crypto-based operators. The industry is sure to boost, so the number of crypto casinos is increasing and the accepted currencies are not only BTC but also alternative cryptos like LTC, ETH, USDT, and more. Below, we’ll highlight the most popular gambling crypto games and give some tips in this regard!

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Crypto Slots

The lobby is sure to highlight this software first. Slot machines are crypto gambling games based on reels spinning to randomly determine the symbols position. Once they are on a payline, your bet is multiplied accordingly. The features making this software so cool are Megaways, Bonus Buy, and more, while the best providers are NetEnt, Microgaming, and others.

Crypto Poker

This game of skill allows players to collect hand values and get paid accordingly. For example, a Pair pays 1:1, while the Four of a Kind combination pays 20:1. The most desired combination is Royal Flash consisting of 10, J, Q, K, and A cards of the same suit and multiplying your gambling cryptocurrency bet as 100:1.

Crypto Roulette

In roulette, you access dozens of betting options, including inside, outside, and special bets. Even money bets like black or red are the simplest and pay 1:1, while betting on a specific number can bring up to 35:1 when the ball lands on this position. Cryptocurrency gambling sites can offer European, French, American (2 zeros), and other types.

Crypto Baccarat

Crypto gambling with baccarat is also popular since this card game is easy to play and has an average RTP of over 97%. You play with the dealer, and the one who gets hands with a value of 9 or the closest to it wins. When you overcome 9, just substitute 10 (eg. 17 – 10 = 7).

Crypto Blackjack

It’s considered one of the best gambling cryptocurrency due to the high RTP, which can exceed 99% (eg. 99.62% on Multihand Blackjack by Pragmatic Play) and quite simple rules since your goal is to get a hand worth 21 or close to it yet not overcome this limit.

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Crypto Dice

The best cryptocurrency gambling sites are certain to display dice games, also known as craps. For example, Craps by Betsoft. The game has a large betting table where you can bet on Pass Line or Don’t Pass Line and select dozens of betting options in this regard. 

Crypto Lottery

Lotteries for online gambling cryptocurrency are just as popular. Players can try out keno, scratch cards, instants (including crash), and other variations. For example, Banana Keno by Caleta Gaming, Spaceman by Pragmatic Play, or the legendary Avalon Scratch by Microgaming (Games Global).

Crypto Bingo

This lottery type is worth your attention for being a complex game with a range of bonuses in addition to the basic gameplay where you get numbers from bingo balls and try to cover lottery tickets.

One of the top cryptocurrency gambling titles of this type is Viking Runecraft Bingo by Play’n GO.

Live Casino

A crypto gambling game powered by a live dealer is a live game played in real time and streamed from a professionally equipped studio. These can be blackjack (Speed Blackjack), roulette (Multiball Roulette), baccarat (Squeeze Baccarat), and live show (Monopoly Live) games. Please note that such games don’t have a demo mode.

Crypto Gambling Sites with Betting Options

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As well as casino games, sports betting with crypto is also compatible with online gambling crypto payments. When you are a sports enthusiast or want to experience something new, you can choose reliable online bookmakers and bet on various kinds of sports, including football, baseball, cricket, basketball, horse racing, or more unusual variations like fantasy sports and e-sports. Pretty often, gambling crypto sites support both casino and sports betting options, but in some cases, you’ll come across a site focused on sportsbooks only. You’ll be able to place BTC, ETH, XRP, and other crypto bets.

Sportsbook

Whether it’s a sportsbook section or a separate crypto sports gambling site, you are certain to find loads of events and kinds of sports. Perhaps, you are a fan of The UEFA Champions League or enjoy The Ultimate Fighting Championship. At any rate, you can try to predict an outcome of a certain event and get rewarded if it’s right.

Esports

Cyber sports are just as popular among crypto online gambling users. Lots of popular games are involved in this area, including Valorant, Smite, CS:GO, LOL, Dota 2, Call of Duty, Rainbow Six Siege, Rocket League, and Overwatch. Popular teams play, while you enjoy the streams and bet on the results.

Horse Betting

What are the top crypto gambling sites without horse betting? In some cases, you can find fantasy sports where the races are virtual. But the most popular variation is a real stream of the race where you can learn more about the horses and the results of the previous events to make the right predictions.

Advantages and Disadvantages of Crypto Gambling

  • Anonymous payments Your crypto gambling website won’t make you verify the blockchain wallet, while the transactions are kept private.
  • Attractive payment speed Players won’t experience the tiring processing time. A few minutes and your deposit or withdrawal is approved and transferred.
  • New crypto-friendly games Providers focus on crypto games, especially crashes so that you see your balance in crypto rather than a converted fiat amount.
  • Special crypto bonuses The best gambling crypto sites reward players who choose BTC and alternative blockchain methods with special bonuses upon such deposits.
  • Not all casinos accept crypto Though the method is becoming so popular, some conservative operators still prefer fiat methods or accept cryptos yet convert them to the local fiat currency.
  • The currencies are volatile As well as the gambling industry itself, the blockchain market is very volatile, especially when we are talking about Bitcoin.
  • Fewer bonuses are crypto-friendly While crypto players find specific offers of crypto for gambling, they won’t experience regular reload bonuses for depositing the traditional way.
  • Need to understand the blockchain concept For some players, it may be challenging to open a blockchain wallet, understand the difference between TRC-20 and ERC-20, and so on.

Conclusion

Here at OnlineCasinoProfy, we believe that online casinos should be not only safe, which is a must, but also convenient and accessible. That’s why an opportunity to use cryptocurrency simplifies things and allows more players to join the area by making fast, anonymous, and safe transactions. The wide range of cryptos available for players nowadays includes Bitcoin, Ethereum, Ripple, Tether, and others, so it’s enough to choose the best crypto wallet for gambling, top it up, and enjoy your both responsible and engaging casino experience!

FAQ

Is crypto gambling real?

Yes, today, loads of trustworthy online casinos accept cryptocurrency and allow players to place real money bets on slots, table games, and sportsbooks.

Is cryptocurrency gambling legal?

In some countries, blockchain transactions are prohibited, while offshore operators accept crypto gambling legal transactions without restrictions.

Is cryptocurrency gambling profitable?

When you play crypto games, they are the same in terms of RNG and fair outcomes. Like with fiat, you can lose your money or win a lucrative prize.

What is the best type of crypto gambling?

Regarding games to bet on, try to pick titles with an RTP of over 95.5%. As for the best crypto for gambling, BTC, LTC, ETH, XRP, and others are among the most popular.

Where to find the best crypto gambling site?

Join our OnlineCasinoProfy experts and view the rating on this page. We’ve tested and explored all the recommended sites ourselves so that you can trust us.
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Here at OnlineCasinoProfy, we believe that online casinos should be not only safe, which is a must, but also convenient and accessible. That’s why an opportunity to use cryptocurrency simplifies things and allows more players to join the area by making fast, anonymous, and safe transactions. The wide range of cryptos available for players nowadays includes Bitcoin, Ethereum, Ripple, Tether, and others, so it’s enough to choose the best crypto wallet for gambling, top it up, and enjoy your both responsible and engaging casino experience!

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