The Rise of Cryptocurrencies Online

Cryptocurrencies like Bitcoin are becoming more popular by the day, and their use in the world of online casinos and sportsbooks is becoming increasingly ubiquitous. Players are flocking to use these cryptocurrencies because they provide certain advantages in the way of security and privacy, but online casinos and sportsbooks are rewarding their use through special bonuses and promotions!

But why is that?

Why is there a push for players to begin using crypto? On this page, we’ll  answer those questions. Then, we’ll give you some important information regarding the great bonuses and rewards you can earn by using cryptocurrencies at our favorite online casinos and sportsbooks!

The Best Crypto Benefits at Online Sportsbooks

The benefits to using cryptocurrencies like Bitcoin or Ethereum at online sportsbooks are numerous and are worth the time to look over and consider. Here are just a few!

Sportsbook Benefits
MyBookie
  • 5% fee charged on credit card deposit will be offered back as crypto rewards (total rewards is double the fee cost)
  • 100% bonus on the first 3 Bitcoin deposits
  • No deposit fee
  • Fast payouts within 24 hours
  • 100% success rate on deposits
  • Higher deposit limits, up to $10,000
BetNow
  • No deposit fee
  • Lower deposit amount of $20
  • Fast payouts within 48 hours
  • 100% success rate on deposits
Bovada
  • Fast deposit within 60 seconds
  • Fast Withdrawals within 15 minutes
  • No deposit fee
  • 100% success rate on deposits
  • Bigger bonuses including 150% Bitcoin Casino Match Bonus up to $1,500
BetOnline
  • No deposit fee
  • Fast payouts within a few minutes
  • Bigger Bonuses including 100% first time deposit bonus and 35% reload deposit bonus
BetUS
  • No deposit fee
  • Fast payouts within a few minutes
  • 100% success rate on deposits
  • Extra 25% bonus on deposits

The Best Crypto Benefits at Online Casinos

The benefits to using cryptocurrencies like Bitcoin or Ethereum at online casinos are copious as well. There are some offers and bonuses that may be too enticing to pass up!

Casino Benefits
Las Atlantis
  • $20 deposit using Bitcoin
  • 280% +20 Free Spins on Pulsar; Bitcoin users earn 30 free spins for a deposit or $50 or more!
Super Slots
  • $20 deposit using Bitcoin
  • 5% deposit boost for using Bitcoin
Red Dog Casino
  • $20 deposit using Bitcoin.
  • 20% extra or 245% deposit match for Bitcoin users
  • Up to 160% in 24/7 Deposit Bonus; Bitcoin users gain extra 25%
Vegas Casino Online
  • $5 deposit using Bitcoin
Wild Casino
  • $2 to $20 deposit using Bitcoin
  • 150% up to $1,500 Crypto Bonus
  • $5,000 five-tier bonus becomes $9,000 bonus when using Bitcoin!

What Is Cryptocurrency Anyway?

Although they have been around for several years, cryptocurrencies and the idea behind how they operate remain relatively obscure from the consciousness of the public.

People are used to dealing with fiat money, a fancy term for the money we use every day as currency. The money we use is government-issued and not backed by commodities like silver or gold. Central banks can have more control over the economy with the use of fiat money because they can regulate how much is printed.

Cryptocurrencies do not exist in the form of physical paper money but are a digital asset that sit in a computerized database. This means they are not subject to the control of a central banking entity. Each crypto works through a financial transaction database called a blockchain that is open to the public.

Jan Lasky’s Six-Point Criteria
To give you a clearer idea of this concept, let’s look at Bank of America Senior Vice President and Community Developer Jan Lasky’s six conditions criteria for cryptocurrencies.

  1. The system does not answer to a central bank or other authority.
  2. The system keeps track of each unit and its owner.
  3. The system dictates when new units can be created. When created, the system explains the context for their origin and decides on the ownership of said units.
  4. Ownership of units is exclusively proved through cryptography, a way to prevent third parties or the public from gaining access to private information.
  5. The system will allow transaction where unit ownership can be changed.
  6. If two change-of-unit-ownership directives occur at the same time, the system will only perform one.

Why Are Cryptos Enjoying Huge Popularity?

Arguably the biggest advantage to using cryptocurrencies is that they are fully secure and basically anonymous transactions. Players at online casinos or sportsbooks need only provide a Bitcoin or other crypto address to enjoy a wide variety of real money games without the need for any other kind of personal identifying information.

People love cryptos because their use does not require them to divulge personal information to a casino or sportsbook. Think about the registration process one goes through to play at a land casino in Vegas or an online sportsbook. One is required to input personal information to prove age and present an array of documents to verify like drivers’ licenses, banking information, or utility bills. And God forbid if a server gets hacked. Therefore, people love using Bitcoin and the like. They offer much more security and privacy than credit cards or other forms of depositing.

There is a ton of buzz and excitement surrounding the rise of Bitcoin and other cryptos. We are dealing with a relatively novel, exhilarating corner of the internet—the blockchain. The enthusiasm is contagious as players can pioneer the blockchain network on their own, essentially creating their own destiny independent of traditional fiat money systems and central bank surveillance.

Online casino and sportsbook players are now in charge of their own deposits and withdrawals without having to pay transaction fees into the central banking entities. In the world of online gaming, you seek to gain as much extra money as you can. Combine the rewards you earn along the way using crypto with less overhead from traditional depositing and withdrawal methods like credit cards and you have yourself one winning combination!

Referenced and alluded to throughout this post, many online casinos and sportsbooks are rewarding players for using cryptos such as Bitcoin or Ethereum in the form of free spins and matching deposit bonuses! Online gambling sites and sports betting businesses see the value of cryptos as an exciting way to attract more customers, much like having the most up-to-date, attractive slots or blackjack games.

Many experts and pundits see the value of cryptocurrencies growing exponentially over the next few years. Online casinos and sportsbooks realize they cannot miss the boat on something that is projected to be a huge success in the days and years to come. Introducing bonuses for players using cryptocurrencies not only pushes this reality forward, but online gambling outfits use this method of transacting to create enticing offers that help to grow their businesses in innovative ways!

Bitcoin casinos are establishments that accept anyone that has Bitcoins to use and are not subject to the constraints imposed by the government on non-Bitcoin casinos.

Geolocation-based restrictions mean a casino has limited access as to who can play there. Take an online casino in Pennsylvania for example. If this casino operates under the umbrella of the Pennsylvania Gaming Control Board, they cannot take on players outside of the geographic borders of PA by law. But if there happens to be a Bitcoin casino operating in Pennsylvania, that means people outside the state or even in other countries can use this casino to enjoy real money online gambling.

Bitcoin is not subject to any government regulation, so anyone can play. And using Bitcoin casinos means players can place bets from anywhere at any time and still enjoy their favorite online casino or sportsbook!

While some casinos and sportsbooks require you to jump through hoops by sharing your personal information for registration purposes, many online gambling businesses are not only allowing their customers to use cryptos like Bitcoin but also rewarding them. To remain competitive, these online casinos and sportsbooks have given their customers this choice for depositing and withdrawing money because they understand that privacy matters to a lot of people.

When your personal information is gathered, there is a possibility it could be sold to a third party. We are not saying it happens all the time just that it is in the realm of possibility. And you don’t have to worry about your accounts being hacked by cyber thieves or have your usernames or passwords stolen through malware.

When using Bitcoin or other cryptocurrencies, you will not have to worry about divulging personal information. This allows players to enjoy a higher level of security as they play for real money online. The only risk of losing money that a gambler should be concerned about is the risk associated with gambling itself, not nefarious outside sources intent on stealing personal information.

Depositing With Crypto at Online Sportsbooks

Our five favorite sportsbooks all accept a variety of cryptocurrencies that can be used to create your deposit. Notice that minimum amounts tend to be lower than credit cards. Not bad!

  MyBookie BetNow Bovada BetUS BetOnline
Bitcoin $20 min $10 min
$40,000 max
$10 min
$5,000 max
$10 min
$50,000 max
$20 min

$500,000 max

Bitcoin Cash $20 min $10 min
$40,000 max
$10 min
$5,000 max
$10 min
$50,000 max
$20 min
$100,000 max
Ethereum $20 min N/A N/A $10 min

$50,000 max

$20 min

$100,000 max

Litecoin $20 min N/A N/A $10 min

$50,000 max

$20 min

$100,000 max

Ripple $20 min N/A N/A N/A $20 min
$100,000 max

Withdrawing With Crypto at Online Sportsbooks

Enjoy faster payouts that are transaction-free using Bitcoin for your withdrawals! The benefits of using crypto at your favorite sportsbook keep on multiplying.

  Minimum Maximum Time frame Fee
MyBookie $25 $5,000 2 business days Free
BetNow $5 $2,500 2 business days Free
Bovada $10 No limit 1 to 5 business days Free
BetUS $10 $5,000 3 to 5 business days Free
BetOnline $20 $3,500 1 to 2 business days Free

Depositing and Withdrawing Crypto at Online Casinos

Enjoy the perks and advantages of using cryptocurrencies at one of our favorite online casinos. Use them to gain higher bonuses, enjoy faster payouts, and receive no transaction fees once your money is sent straight to your account.

Las Atlantis

  Min/Max Deposit Sign-up Speed Min/Max Withdrawal Estimated Payout Time
Bitcoin $20 to $2,500 Up to 15 minutes $150 to $2,500 1 to 3 days

Super Slots

  Min/Max Deposit Sign-up Speed Min/Max Withdrawal Estimated Payout Time
Bitcoin $20 to $500,000 Instant $20 to $25,000 2 days
Bitcoin Cash $20 to $100,000 Instant $20 to $25,000 2 days
Ethereum $20 to $100,000 Instant $20 to $25,000 2 days
Litecoin $20 to $100,000 1 to 2 days $20 to $25,000 2 days
Ripple $20 to $100,000 Instant $20 to $25,000 2 days
Stellar $20 to $100,000 Instant $20 to $25,000 2 days

Red Dog Casino

  Min/Max Deposit Sign-up Speed Min/Max Withdrawal Estimated Payout Time
Bitcoin $20 to $25,000 Up to 15 minutes $150 to $2,500 1 to 3 days

Vegas Casino Online

  Min/Max Deposit Sign-up Speed Min/Max Withdrawal Estimated Payout Time
Bitcoin $5 to $5,000 Up to 15 minutes $150 to $5,000 1 to 2 days

Wild Casino Banking

  Min/Max Deposit Sign-up Speed Min/Max Withdrawal Estimated Payout Time
Bitcoin $20 to $100,000 Instant $20 to $100,000 2 days
Bitcoin Cash $20 to $100,000 Instant $20 to $100,000 2 days
Ethereum $20 to $100,000 Instant $20 to $100,000 2 days
Litecoin $2 to $100,000 1 to 2 days $20 to $100,000 2 days
Ripple $20 to $100,000 Instant $20 to $100,000 2 days

Crypto Is the Way to Go!

Cryptocurrencies like Bitcoin and Ethereum are growing by the day and gaining more momentum in the online gambling market. There are so many ways to gain extra free money and receive discounts using cryptos and it might be worth your time to check them out! They could ensure you long-term success in all your wagering and betting endeavors.

Matt Marino / Author

Matt Marino is a writer with a passion for learning to adapt to new situations and discovering innovations along the way. Through his day job as a Route Sales Representative at Cellone’s Italian Bread, Matt has learned to meet a large volume of client needs and deadlines quickly while maintaining a high level of quality. Matt is a graduate of Geneva College with a B.A. in Communications and a concentration in Public Relations and Writing. If he's not on the road or at his computer, you will likely find Matt watching Pixar’s Cars for the 109th time with his 3-year-old son or drinking iced coffee in his recliner.