Cryptocurrency Gambling Sites
Cryptocurrency is an online currency that has gained steam in recent years. The popularity of Bitcoin and other cryptocurrencies has led to many online casinos accepting crypto as both a deposit and a withdrawal method. Offering privacy through anonymity, and rapid transaction times, crypto is one of the fastest growing casino payment options.
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Cryptocurrency gambling deposits are not for everybody. If you’re not sure this payment method is for you, there are numerous other options available, including:
Pros and Cons of Using Crypto at Casinos
As with any payment method, there are ups and downs to using cryptocurrencies. A very different type of currency, cryptocurrencies have some unique perks compared to other payment options.
- Anonymity – No personal details are shared, and no third parties are involved in transactions
- Tax free – Cryptocurrencies is not subject to taxation
- Instant Withdrawals – No wait time for deposits or withdrawals
- Fee Free – No deposit or withdrawal fees
- Unlicensed Casinos – Crypto casinos do not need a license to provide cryptocurrency payments
- Limited Options – Cryptocurrencies are accepted at fewer online casinos than other payment methods
How do I get Cryptocurrency?
Getting into cryptocurrency is easier than you may think. This online currency is not as niche as it once was.
How to Buy Cryptocurrency
There are numerous exchanges for purchasing cryptocurrency. The most popular option is Bitcoin (BTC), which often requires a wallet. Obtaining a Bitcoin wallet can be done simply, and you’re then ready to buy cryptocurrency.
Saudi Arabia has several popular BTC exchanges, research is suggested to find the best one for you. Once you’ve chosen your exchange, simply go through any necessary verification stage, navigate to the Bitcoin purchasing page, and follow instructions.
The Importance of Brokers and Exchanges
Whether you’re purchasing Bitcoin or any other cryptocurrency, in the UAE, Saudi Arabia, or anywhere else, the most important factor is the broker or exchange you use.
There is a myriad of available options, and they are not all created equally. It’s important to read reviews and information on the available options to find the one that best suits your needs.
How to Use Cryptocurrency
Once bitcoins (or alternative cryptocurrency) have arrived in your wallet, you’re ready to get started at a casino of your choice!
Simply find a casino that accepts betting with bitcoin, make your deposit, and start playing.
Sign up with your chosen online casino
Navigate to the ‘Payments’ section of your chosen casino
Select your chosen cryptocurrency (i.e. ‘Bitcoin’) as your method of depositing money
You will be provided a personal web address for your account
Go to your crypto wallet and paste the address into the ‘Send’ tab
Enter the amount you want to deposit, and press ‘Confirm’
Your funds should arrive in your account within minutes, if not immediately
Go to the ‘Cashier’ section of your chosen online casino
Click the ‘Withdrawals’ button on the ‘Cashier’ page
Select your chosen cryptocurrency as your withdrawal method
Select the amount you would like to withdraw (this amount must be available in your account)
Enter the personal web address for your cryptocurrency account or scan the QR code
Confirm the transaction
Your funds should arrive in your crypto wallet within minutes, if not immediately
Are Cryptocurrencies Secure to Use for Online Casinos?
Cryptocurrencies are a safe and secure option for casino players from Arab countries for multiple reasons.
For many, their online gambling practices are something they prefer to keep to themselves. Whatever your reasons for wanting to do that, cryptocurrency makes it possible by ensuring your anonymity during online casino play.
Most payment methods require at least need a name and a small amount of information to be shared with either the casino or a third-party. This is not the case with cryptocurrencies, where your transactions are kept fully anonymous and your personal information is not seen, let alone retained by the online casino.
There have been questions about the security of cryptocurrencies, but this has more to do with the casinos than the currencies. As online casinos do not need to be licensed to provide cryptocurrency payments as they do with other payment options, there are some less than trustworthy casinos out there.
This means it’s important to research your chosen online casino is trustworthy in advance of making a deposit. As long as the casino of your choosing is safe and secure, then your crypto payments will be too.
Can I also use Cryptocurrency for Sports Betting?
Yes! As cryptocurrency gambling sites gain popularity, it isn’t only online casinos offering crypto payments. Online sports betting sites are also getting in on the action.
Like online casinos, there are fewer crypto sportsbooks compared to more mainstream payment methods, but the number is growing.
If you want to use crypto at a sports betting site, just check out our recommended best crypto sports betting sites for Arabian players at the top of this page.
Can I Get a No Deposit Bonus when Using Crypto?
For sure. No deposit bonuses are offered at various online casino sites. This is a promotion that gives you a small amount of bonus cash or free spins to try out the games at a site before making your first deposit.
These bonuses are usually given regardless of your chosen payment method, so it should be possible to use cryptocurrency deposits and still take full advantage of a no deposit bonus.
Other Types of Cryptos to Use at Cryptocurrency Casinos
While Bitcoin is undoubtedly the most well-known cryptocurrency option, it is far from the only one. The list of cryptocurrencies is growing on a near daily basis, and some names have risen to the top.
Currently the second largest cryptocurrency behind BTC, Ethereum is available at almost as many online casinos in the Middle East as Bitcoin.
Despite Ethereum’s market share, Litecoin is still considered by many to be the most popular payment method after Bitcoin. Currently the sixth biggest cryptocurrency in the world, Litecoin is available at most crypto casinos.
The buzz around Dash has faded a little since its 2014 inception. However, due to its advanced privacy measures and solid reputation, Dash remains popular as an online casino payment method.
Completely community-funded and boasting its own specialist techniques to ensure privacy, XMR is yet to have a huge reach at online casinos. However, that is likely to change in the near future.
Libra doesn’t actually exist yet. But the expected 2020 launch of Facebook’s venture into cryptocurrency already has a huge amount of buzz. Expect this to become one of the biggest cryptocurrencies in a relatively short space of time.
Are Crypto Transfers at Casinos Fast?
One of the main reasons for the popularity of crypto payments at online casinos is the speed of transactions Both deposits and withdrawals using cryptocurrencies are immediate in most cases, and rarely take longer than a minute or two.
There are few payment methods that can challenge crypto when it comes to transaction speed, ensuring that your funds arrive swiftly in your wallet on withdrawals, and your casino account on deposits.
Now you know the basics (and more) of crypto casinos, sign up to one of our recommended online casinos that accept cryptocurrencies, so you can start using this safe, secure, and swift payment method.