What is a live crypto casino?
A crypto live casino is a gambling site that offers deposits and withdrawals in cryptocurrencies such as Bitcoin and Ethereum and has live dealer casino games in its selection.
First launched in the early 2010s, crypto casinos sought to provide casino players with a way to use their crypto. They have become a popular option among casino players, who have a broad selection to choose from, since the crypto market keeps expanding.
Many crypto live casinos do not accept traditional payment methods such as debit cards, e-wallets, or bank transfers. While they may lack variety in their banking methods, crypto live casinos are renowned for offering a large selection of live casino games.
Why are crypto live casino sites popular?
Live crypto casinos have grown in popularity since their launch due to the number of benefits they offer, such as:
- Fast transactions – Cryptocurrency transactions are some of the fastest on the market. Withdrawals only take a matter of minutes to complete, while many crypto live casinos offer instant deposits.
- Large game library – Many of the best crypto live casinos offer thousands of games to enjoy, including a diverse selection of live dealer games.
- Increased payment limits – As cryptocurrencies are an unrestricted asset, there are no set minimum or maximum payment limits that players must adhere to. This allows players to make significant transactions that wouldn't be possible with traditional payment methods.
Best live casino crypto payment methods
While crypto live dealer casinos do not accept traditional payment methods, they do offer a variety of cryptocurrency options. In fact, the best crypto casinos offer more than two dozen different cryptocurrencies, allowing you to deposit and withdraw with your favorite coin.
To help you decide what cryptocurrency you should use when making your live casino crypto transactions, we've broken down the most popular payment options below:
- Bitcoin – The biggest name in cryptocurrency, Bitcoin is available at just about every single crypto live casino you can think of. It's one of the most reliable cryptocurrencies on the market and offers low transaction fees, making it an appealing option for players.
- Ethereum – Another of the most popular crypto coins is Ethereum. Through the use of smart contracts, some live casinos allow players to play directly from their Ethereum wallet, meaning you don't need to deposit or withdraw to enjoy your favorite games. When used as a conventional payment method, Ethereum is popular due to its fast transaction times and availability.
- Dogecoin – Once considered a meme coin, Dogecoin has slowly become available at a variety of crypto live casino sites. This is due to its fast transaction times, with confirmations taking around 1 minute, and low transaction fees.
- XRP – Created as a way to facilitate international transactions, it's no surprise that XRP or "Ripple" is available at many top live crypto casino sites. Transactions typically take seconds to complete, with fees usually costing less than a fraction of a penny.
- Litecoin – Seen as the little brother to Bitcoin, Litecoin was designed to improve upon the original Bitcoin network. This means faster transaction times (2.5 minute confirmations rather than 10 minute confirmations), and the ability to make more transactions in a single block.
If you don't already own cryptocurrency and you're not sure how to go about purchasing it, don't panic. Many crypto live casino sites offer Ramp network payments. The Ramp network allows players to quickly and easily purchase cryptocurrencies using fiat currency, such as dollars or pounds.
Any cryptocurrencies you purchase will be immediately deposited into your casino wallet. However, when it's time to withdraw your winnings, you'll have to withdraw to a crypto wallet.
Popular crypto live dealer games
Live crypto casino sites offer a large variety of live dealer games, giving players a choice of options once they've funded their account. Faced with so many options, many new players don't know where to begin. So, to point you in the right direction, here are three of the most popular crypto casino live dealer games.
- Live blackjack – Arguably the most popular live casino game; in this card game, players aim to beat the dealer by getting as close to 21 as possible without going over. Blackjack is popular thanks to its low RTP rate (one of the lowest at the casino) and interactive gameplay.
- Dream Catcher – A live casino gameshow, Dream Catcher is a "big wheel" game where players bet on where they think the wheel will stop. If the player guesses correctly, they receive a payout equivalent to the number they bet on (e.g. if they bet $10 that the wheel will stop on number 10, they'll receive $100). Dream Catcher is popular as it makes the most of the live dealer format by encouraging the host to interact with the players. It also offers large potential rewards thanks to its multipliers and bonus rounds.
- Live roulette – Many of the best sites offer a variety of roulette variants that mix up the classic format. In roulette, players must bet on where they think the ball will land in the wheel, which makes it easy to learn. Its popularity stems from its variety of betting options and fast-paced gameplay.
Pros & cons of live crypto casino sites
While crypto casinos offer many benefits, there are some downsides to consider. To ensure that you can make an informed decision, we've highlighted the key pros and cons of live crypto casinos below.
| Pros | Cons |
|---|---|
| Lower minimum and larger maximum transaction limits | Requires players to be somewhat familiar with cryptocurrency |
| Large selection of live dealer casino games | Crypto is a highly volatile asset which increase your risk while gambling |
| Extremely fast withdrawals | |
| Variety of cryptocurrency payment options |
Summary
Crypto live casino sites are a unique type of live dealer casino that accepts crypto payment methods. This comes with advantages such as fast transactions and larger withdrawal limits but requires players to be familiar with how to use crypto. Live crypto casinos typically offer a large variety of games, giving players a greater range of options when they start playing.
Before you jump into live crypto gaming, make sure you check out our unbiased reviews conducted by our team.
