top crypto and Bitcoin gambling sitesI think it is fair to say, Bitcoin is here to stay! It has been around for 12 yrs already and it isn’t going anywhere, except to the Moon! Our page is for those of us that have embraced Crypto Currencies, especially Bitcoin, therefore. Therefore ,we have created this list of the best online casino sites that readily accept Crypto Currencies.

Top Online Casino & Betting Sites that Accept Crypto

  1. NetBet
  2. 10Bet
  3. BetFred

We update this list daily, as Crypto is still in its infancy. Please check back to see the movers and shakers.

Crypto gambling refers to the practice of using cryptocurrencies, such as Bitcoin, Ethereum, or other digital tokens, to wager on various types of games typically found in online casinos. This form of gambling offers several distinctive features compared to traditional online gambling that uses fiat currencies like the US dollar or euro. Here are some key aspects of crypto gambling:

A crypto casino is an online gambling platform that uses cryptocurrencies instead of traditional fiat currencies like dollars or euros.

Here is a Deeper Overview of Crypto Casinos Online

Most Popular Cryptocurrencies

  • The most common cryptocurrencies used in crypto casinos are Bitcoin, Ethereum, Litecoin, and Dogecoin. Players can deposit, bet, and withdraw winnings using these digital currencies.

How Does a Crypto Gambling Site Actually Work?

  • Crypto casinos operate on blockchain technology, which is a decentralized digital ledger that records all transactions.
  • This allows for transparent, verifiable, and secure gambling transactions without the need for a centralised financial institution.
  • Players can gamble on a variety of casino games like slots, table games, sports betting, etc. all using cryptocurrency.

Advantages of Using Crypto Currencies

  • Faster, more efficient transactions with lower fees compared to traditional online casinos.
  • Anonymity and privacy since players don’t have to provide personal banking information.
  • Access to a wider range of games, including “provably fair” games where the fairness can be cryptographically proven.

Drawbacks of Crypto Gambling Sites

  • Less regulation compared to licensed, traditional online casinos in many jurisdictions.
  • Higher risk of fraud, scams, or hacking since the crypto casino industry is still largely unregulated.
  • Volatility in cryptocurrency prices can impact winnings and payouts.

Overall, crypto casinos aim to provide a unique online gambling experience by leveraging the benefits of cryptocurrency technology. But they also come with additional risks that players should be aware of

What does “provably Fair” Mean

The idea behind provably fair games is to provide players with a way to cryptographically verify that the outcomes of casino games are truly random and unbiased, eliminating the need to trust the casino completely. This is especially important in the cryptocurrency gambling space, where the decentralised nature of the technology has led to concerns about potential manipulation or unfair practices by the casino operators.

The way it works is that when a player initiates a game, the casino’s server generates a random seed value. This seed is then hashed using a secure cryptographic algorithm, and the casino shares this hash with the player before the game is played. After the game has completed, the casino reveals the original seed value used to determine the outcome.

The player can then take the revealed seed and independently recreate the hash, comparing it to the one originally provided by the casino. If the hashes match, it mathematically proves that the casino did not tamper with the game’s outcome, as the seed value used was the one that was committed to before the game even started.

This transparent, verifiable process helps build trust between the casino and the player, as the player can be confident that the game’s fairness can be cryptographically proven. It’s a key feature of many crypto casinos, as it helps differentiate them from traditional online gambling sites where players have to rely more heavily on the casino’s reputation and promises of fairness.

Of course, while provably fair games can demonstrate the integrity of game outcomes, they don’t necessarily protect against other casino-related risks, such as financial instability or vulnerability to hacking. Players should still conduct their own due diligence when choosing a crypto casino to ensure it is reputable and secure overall.

How Do Provably Fair Games Work:

  1. Seed Generation:

  • When a player initiates a game, the casino’s server generates a random seed value. This seed is used to determine the game outcome.
  • The seed is generally a large, cryptographically secure random number.

  1. Hashing the Seed:

  • The casino’s server then hashes the seed using a secure hashing algorithm, like SHA-256 or SHA-3.
  • Hashing is a one-way cryptographic function that creates a unique, fixed-length output (called a hash) from the input seed.

  1. Sharing the Hash:

  • The casino shares the hash of the seed with the player before the game is played.

  1. Revealing the Seed:

  • After the game has completed, the casino reveals the original seed value used to determine the outcome.

  1. Verifying the Outcome:

  • The player can then use the revealed seed and the previously shared hash to independently verify that the outcome of the game was indeed determined by the seed, and therefore, was provably fair.

Crypto not your thing? Then why not gamble at regular online betting sites