While there has always been a lot of back-and-forth arguing about cryptocurrency, it is hard to deny that it is still useful in many places. However, one of the less well-known uses for cryptocurrencies stems from casinos, somewhere you would not expect to be able to spend it.
But can you use cryptocurrency at casinos, and how does the process work? More importantly, are there any major differences when using cryptocurrency that you need to be aware of?
Can You Use Cryptocurrency at Any Casino?
Let’s get the most important detail out of the way first – not all casinos allow cryptocurrency as a currency option.
This is unsurprising, considering that many casinos stick to the most popular and widespread payment methods. This means things like PayPal or regular card payments rather than something more niche and complex like crypto.
However, two kinds of casinos do accept cryptocurrency. One of these is a more accessible option that blends with other casino sites, while the other is focused entirely on cryptocurrency and does not generally allow any other payments.
“Hybrid” Crypto Casinos
Hybrid casinos allow both fiat currency and cryptocurrency as payment methods. These are often restricted to specific kinds of cryptocurrency, usually meaning the most popular types, but are still a functional way to gamble with cryptocurrency if you want to.
Since they offer multiple payment options, certain features and bonuses may apply only if you use specific payment types. This means looking at the fine print and promotional offers ahead of time is important.
Crypto-Only Casinos
Crypto-only casinos are dedicated cryptocurrency casino platforms that generally only accept crypto as their payment method. This means they are less widely accessible, but it also ensures they remain crypto-friendly rather than potentially removing that option.
As you might expect, these sites usually only allow cryptocurrency, so there is no need to worry about different bonuses or restrictions. However, there may still be limits on which cryptocurrencies you can use, especially very obscure ones.
Should You Use Cryptocurrency at Online Casinos?
As with many cryptocurrency use cases, this comes down to personal preferences. Whether you choose to use crypto for your online casino gambling will depend on the kind of experience you want – for example, crypto is anonymous and much more secure. Still, it also limits your casino options quite dramatically.
It also comes down to what kind of currency you want to use since some will be less widely accepted. A popular cryptocurrency might be usable on almost all sites that accept crypto, while a more niche one might need to be exchanged for something different if you want to use it properly.
There are plenty of crypto casinos to explore, especially if you already use and invest in many cryptocurrencies. However, if you are not too familiar with cryptocurrency as a whole and want to try it at a casino, then you should look over your options before you jump into using the first casino site you find.