The Best Online Casinos For Altcoin Gambling
Choosing an online casino that suits all your Bitcoin and Altcoin gambling needs has never been harder. Business is booming for Cryptocurrencies, there are more Altcoins emerging by the day, and with them come the plethora of online casinos!
Here’s Our breakdown of the best Altcoin gambling sites the online casino industry has to offer. Of course, we’re delving deep and bringing you everything in between! Stay with us to find out more about what defines an Altcoin as well as the top Altcoins to use on cryptocurrency casinos.
Defining An Altcoin
Essentially the “Alt” in Altcoin represents an alternative. To what exactly? Well, Bitcoin. Any cryptocurrency that is not Bitcoin is therefore defined as an Altcoin. Some controversy has recently emerged with a few Bitcoiners claiming that Etheruem should not be defined as an Altcoin as it is Bitcoins closest competitor. But for now, I think everyone’s settled on Bitcoin being Bitcoin and Altcoins being any other coin.
The Top Altcoins Of 2021
Bitcoin has been the king of the crypto world for some time now. However, with the help of services like Altcoin casinos, Altcoins are taking the rise and in a hasty manner! Some of the Altcoins you’re sure to find on on many Bitcoin casinos, as well as Altcoin casinos, are:
- Ethereum (ETH)
Market cap is over $557 Billion
- Binance Coin (BNB)
Market cap is over $104 Billion
- Tether (USDT)
Market cap is over $73 Billion
- Solana (SOL)
Market Cap is over $64 Billion
- Cardano (ADA)
Market cap is over $52 Billion
- XRP (XRP)
Market cap is over $47 Billion
- U.S Dollar Coin (USDC)
Market cap is over $38 Billion
- Polkadot (DOT)
Market cap is over $37 Billion
- Dogecoin (XDG)
Market cap is over $28 Billion
Why It’s Important To Consider Market Cap When Looking At Altcoins
It is important to consider market cap when looking at Altcoins, as in order to best determine the value of a cryptocurrency, an investor needs as many statistics they can gather. Though a solid indication of value price is simply not the only viable factor to measure a cryptocurrency’s value. Investors can use
the market cap of a cryptocurrency can add more references to compare its value across cryptocurrencies. As an invaluable statistic, it can show inventors the potential growth of a cryptocurrency and whether or not it is safer to buy compared to other cryptocurrencies!
Our List Of Only The Best Crypto Gambling Sites!
BitStarz is a leading competitor in the online casino industry. They provide a truly enjoyable platform that is well organized and of exceptional quality. You can’t start to mention the quality of the online casino without mentioning that you can easily play games for free without creating an account!
Truly one of the highest-ranked Bitcoin casinos out there, with their extensive list of casino games that are probably the best one could get their hands on BitStarz is highly recommended. Established in 2014 BitStarz is owned by a reputable casino operator named DAMA N.V., BitStarz is also licensed by Curacao eGaming.
BitStarz only caters to the connoisseurs of Altcoin Gambling With over 4000 different table games, slot games, and live dealer games of the highest quality, their players are truly spoiled for choice!
Not only does it accept Bitcoin but also Bitcoin Cash, Litecoin, Dogecoin, Ethereum, and Ripple are all supported to use on the BitStarz website. All of these powerful assets together are what earns BitStarz its place on our list, A wide range of cryptocurrencies and online casino games is what we appreciate most in cryptocurrency casinos!
BitStarz has an impressive list of game providers that are sure to please! Asia Gaming, BetSoft, and Booming Games are just a few of their top providers. BitStarz offers a unique sign-up bonus that rewards players before even depositing into their accounts! BitStarz offers players up to 20 free spins just for creating an account on their website!
mBit Casino is an online gambling platform that truly focuses on making its players feel a part of a community. Offering a live chat room for players to make new friends and talk about all their Bitcoin and cryptocurrency interests. The welcome bonus at mBit includes your chance to win up to 5 BTC and 300 free spins as a welcome deposit bonus.
A notable feature that mBit Casino offers its players is SSL encryption which ensures protection over user data and communication! Additionally, mBit casino is supported by software providers with likes of BetSoft and Play ‘N Go. These software providers are audited regularly by third party firms. It is important to note that the site holds no information toward any of its games being provably fair.
The vast number of software providers mBit Casino has under their belt is their secret weapon to providing a wide variety of Bitcoin games as well as Altcoin games! mBit offers an impressive number of games with over 2500 of them. These games include a variety of table games, slot games, and of course live dealer games!
mBit Casino makes our list due to its exciting number of games and software providers. Also you can be sure to find the following cryptocurrencies available for use on their website, Bitcoin Ethereum, Bitcoin Cash, Litecoin and Dogecoin.
7Bit Casino is a retro-themed Bitcoin casino that has one of the widest ranges of cryptocurrencies a Bitcoin Casino has to offer. Established in 2014 7Bit casino has made a home for its loyal players! Owned by the reputable Bitcoin casino operator Dama N.V., 7Bit casino is also licensed by Curacao eGaming.
7Bit Casino seeks to impress their players off first meeting them. A unique welcome bonus, unlike any other Bitcoin casino that offers a bundle of 200 free spins when you make your first deposit equivalent to 2.5 mBTC/$20. You can make the deposit in other cryptocurrencies of the same value!
This Bitcoin casino is truly exceptional when it comes to supported cryptocurrencies. Ad well as Bitcoin there are a number of Altcoins available including Ethereum, Radicle, Dogecoin, Tether, and XDG.
With an acknowledgeable list of software providers including BetSoft, Big time Gaming,Yggdrasil and many more. Players can enjoy award-winning games with the likes of A Night in Paris and The Slot Father from BetSoft on this Bitcoin Casino! You can expect to find a multitude of slot games, table games and live dealer games at 7Bit Casino.
Red Dog Casino
Though Red Dog Studio is still a relatively new Bitcoin casino it has become a staple for players seeking to fulfill their online gambling needs. Established in 2019, Red Dog Casino has embellished itself with a 225% match and with no max winnings cash out, on the player’s first deposit as a welcome bonus. Like all casinos, there are conditions that apply to this bonus. The deposit must be between $10 and $30 of value and there are additional wagering requirements.
Red Dog Casino came blazing onto the online casino industry and has already put itself in the races as one of the best bitcoin gambling sites! Simple to use and extremely easy on the platform is a joy to use. The website is also secured with the latest SSL encryption ensuring the protection of players.
It has become a tradition of Red Dog Casino to put forth a special monthly bonus to all existing players which typically includes a match bonus and free spins! You’ll be happy to hear that this wanderlust of an online casino is licensed by Curacao eGaming.
Red Dog Casino is partnered with Real Time Gaming, they are focused on their jaw-dropping slot games and offer a wide variety of quality table games as well. However, they do not offer any live dealer games. Red Dog Casino currently supports a few cryptocurrencies on their website which include Bitcoin and Litecoin, However still a solid online casino in our books!
Cloudbet Casino is one of the first Bitcoin casinos to hit the block. They have since never wavered in their drive to hold their top position in the online casino industry. Established in 2013 Cloudbet is operated by Halcyon Super Holdings BV. Not only does CloudBet offer casino games but also adds sports betting options!
An astounding welcome bonus is offered by CloudBet for the first deposit players make, players receive a 100% match of 5BTC, in order to be viable for this bonus players must deposit a minimum of 0.01 BTC. Additionally, you will get 80 free spins with the bonus! Wager the bonus at the slot games, table games, and video poker games that CloudBet provides.
CloudBet has assured its players a secure platform to enjoy while being licensed by both Curacao eGaming as well as E-Gambling Montenegro. With an amazing list of software providers like Asia Gaming, BetSoft, Play ‘N Go , MicroGaming and so many more CloudBet easily offers a multitude of slot games, table games, live casino games as well as a variety of sports betting options!
Unfortunately, CloudBet only supports Bitcoin and BitcoinCash on their website. Though the offer few cryptocurrencies CloudBet ups the ante with their original promotions! With bonuses like Money Back Monday, Turnover Tuesday, Win-Win Wednesday, Turbo Thursday, and their Free Spins Tournament Weekend! It’s no wonder they’ve kept players returning to their casino time and time again.
How To Use Altcoins For Online Gambling
Gambling with Altcoins can actually have benefits over gambling with Bitcoin, the most obvious being that Bitcoin is the most expensive cryptocurrency available. Therefore though rewards or winnings with Altcoins may have less value it is essentially less harmful to players’ wallets.
Cryptocurrencies are known to be volatile this can sometimes affect cashing out winnings. When you cash out be sure to check that the value of your cryptocurrency has not changed so much that it effects the profit you’ve made from winnings. Now for the steps!
Step 1: Open A Cryptocurrency Wallet
Cryptocurrency wallets can come in different categories, for now, we recommend you stick to a hosted wallet. This essentially works the way a bank would wallet providers store your cryptocurrency with a trusted third party, the same way you trust a bank to keep your money,
Cryptocurrency wallets will be very similar to the way you would open a PayPal account. The instructions are generally very straight forward. However, the only difference being when money is loaded onto a cryptocurrency wallet that money can then be turned into a cryptocurrency of the same value.
Finally to open a cryptocurrency wallet all you have to do is find a trusted provider, follow the instructions to create an account and you’re all set
Step 2: Deposit Funds Into Your Cryptocurrency Wallet
As mentioned before cryptocurrencies can be extremely volatile! Once your account is created you will have to put FIAT money into the account with which you can then buy a cryptocurrency of your liking.
It is important to always watch the price fluctuations of cryptocurrencies as the rate be much higher or lower than you initially expected!
Step 3: Deposit Your Newly Owned Cryptocurrency Into An Online Casino
First, you will need to decide on a trustworthy and also enjoyable casino, you have our list! Once you’ve chosen an online casino that suits you, you will likely have to create an account before depositing. When your account is created simply find the deposits page and follow the instructions. The transaction may take a moment to be approved and that’s it you’re on your way to playing an online casino game!
Step 4 : This One’s For The Winners!
When you win your first prize playing an online casino game simply process the withdrawal through the online casino, within a few minutes the cryptocurrencies you have won will be deposited into the wallet you created by the online casino!
And that’s all there really is to it. Now get out there and win some Crypto!
Frequently Asked Questions
To clear some of the confusion though cryptocurrencies are technically full units. They are not like physical money is, in the sense that the coin can be split up into small pieces. You don’t have to buy a full coin however you can buy a small portion, of course, the option to buy a full coin will always be available
Yes, it absolutely is, gambling with cryptocurrencies does not make it illegal or legal. However, the legal status of gambling can depend on certain restrictions. Some sites are therefore only available to players in certain countries. Always remember to read the terms and conditions of an online casino as well as its restrictions.
Converting cryptocurrencies back to FIAT currencies is not difficult at all. Each step is usually accompanied by a comprehensive description of how to complete it in the wallet.
Yes, 100%. Usually, the cryptocurrencies available for withdrawal on an online casino will be exactly the same as the deposit options available. The cryptocurrency you withdraw depends on the casino and the cryptocurrencies that are supported by their website.
Absolutely, one can find specifically designed crypto bonuses at online gambling platforms such as mBit, 7Bit, Red Dog, as well as many others. The first bonus that is offered by most online casinos is a welcome bonus that usually requires a minimum deposit amount. These bonuses will come in the form of match bonuses up to a certain value as well as a number of free spins.