Disclaimer: This article is sponsored content and should not be considered as financial or investment advice. Always do your own research before making any financial decisions. The opinions expressed in this article are those of the author and do not necessarily reflect the views of CryptoGlobe.
If you have ever wondered if any fully licensed and regulated online casinos accept cryptocurrency at checkout, you’ve come to the right place.
Let’s dive straight in to discover more about the cryptocurrency payment method and find out how it can be used in 2024 for deposits and withdrawals at online casinos.
Do online casinos accept cryptocurrency?
Yes and no. For example, some online casinos only accept fiat currencies like Euros, US/Canadian dollars, and Pound Sterling, and traditional online payment methods, such as credit & debit cards, bank transfers, prepaid voucher/gift cards, mobile wallets and eWallets.
You can also now find a growing number of perfectly secure online casinos that accept one or more cryptocurrencies, meaning it’s possible to top up your online casino account and cash out your winnings across the more secure (and anonymous) blockchain network.
Any casino online that’s fully licensed and regulated by the UK Gambling Commission doesn’t yet accept cryptocurrency payments.
However, you can now find many crypto-accepting online casinos licensed to operate in other major global jurisdictions by various reputable licensing authorities. In other words, the crypto casinos that you can legally access will depend on where you live.
Can crypto-accepting online casinos be trusted?
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Crypto-accepting online casinos can be trusted, provided they are fully licensed and regulated by one or more mid to top-tier licensing authorities. Some of the industry’s most reputable operators also control today’s best crypto casinos.
They are essentially the same as regular online casinos (iGaming websites that don’t accept cryptocurrency payments across the blockchain network), and they will accept anywhere from one to twenty or more legitimate cryptocurrencies.
Examples of the most commonly accepted cryptocurrencies players can use today are the following:
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
- DogeCoin (DOGE)
- Binance Coin (BNB)
- Ripple (XRP)
- Avalanche (AVAX)
You can also find sites that accept various other top-performing cryptocurrencies, such as US Dollar Coin (USDC), Solana (SOL), Cardano (ADA), Litecoin (LTC), and Tron (TRX), to name a few.
Crypto transactions are much quicker than traditional payment method transaction processing times, and there are little or no fees attached to crypto payments.
Final thoughts
Although it won’t happen any time soon, some have suggested that all iGaming sites will accept cryptocurrencies in the future. This payment method has made iGaming sites more accessible than ever and will help safeguard the essence of online freedom.
Players who use cryptocurrency can look forward to enhanced security and efficiency.
It’s a convenient and reliable way for some players to top up their online casino accounts and cash out their winnings, but for others, credit and debit cards, eWallets, and other traditional payment methods are the preferred ways to deposit and withdraw.
Featured image via Pixabay.
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- Source: https://www.cryptoglobe.com/latest/2024/04/navigating-the-world-of-cryptocurrency-payments-at-online-casinos/
