Jenna james | November 9, 2023 | Updated on: January 2nd, 2024
Cryptocurrency and the iGaming industry form a perfect relationship. The dispersed nature of crypto and the ever-innovative approach of the online gambling market made the two branches an ideal match.
Whether we’re talking about Ethereum, Bitcoin, Litecoin, Doge, or any other popular tokens, more and more casino enthusiasts are using them to deposit and request withdrawals.
In this article, we look closely at how cryptocurrency improves the entire online gaming process and gives AU players multiple benefits.
This new currency has become popular lately. A cryptocurrency is an online digital currency that enables clients to buy goods and services without requiring mediators. Its dispersed nature and the extra privacy it offers make it secure. Cryptocurrencies are digital tokens used to purchase goods and services using blockchain. Its anonymity is its appeal.
Due to its widespread popularity, many casinos have started to accept this type of currency for their casino games. In no time, the notion of Crypto Casino started to become popular, especially in Australia. Many Aussies who love gambling started to be even more interested in crypto casinos.
What Are Cryptocurrency Casinos?
We’re sure that all Aussies are well familiar with the classic casinos. (Ever since the year), 2000 casinos boomed in Australia, making online pokies/slots one of the favorite pastimes. A cryptocurrency casino is nothing more than one of those where you to play your favorite pokies and table games that allow payments in crypto.
Most Popular Cryptos Accepted by Crypto Casinos
Bitcoin
The start of cryptocurrency, you heard about Bitcoin if you’re a casino fan. The number of Bitcoin Casinos is higher than all other cryptocurrencies together.
Ethereum
Ethereum is a blockchain app considered the second most stable alternative to Bitcoin. Its advanced technology makes it possible for crypto casino Australia players to hide their financial information and personal details.
Litecoin
Also known as an altcoin, it’s been in the Crypto Casino world since 2011 and is among players’ favorite payment options. This cryptocurrency has the same properties as its alternatives, though it also has its unique features.
Bitcoin Cash
Bitcoin Cash is an updated version of the original Bitcoin. Some accepted the update; others didn’t, which split the original and the updated cryptocurrency.
Tether
Tether has been controversial among cryptocurrencies, though that didn’t stop its rise to popularity among casino players. Its stability remained its top quality over the years.
Dogecoin
The Internet meme reference cryptocurrency quickly developed a huge fanbase. Dogecoin is a devolved digital currency, which functions through blockchain mining. Dogecoin started to spark interest with crypto casino Australia players by how easy it is to open a Dogecoin wallet.
Which Games Can You Play?
If you thought there’s a certain list of casino games that can be played with cryptocurrency, you can now breathe easily. You can play all the real money pokies, table games, and other casino games designed for standard currency with Bitcoin.
Casinos that Offer Cryptocurrency Games
When it comes to picking the best crypto casino in Australia, there’s plenty to choose from. That’s why we’ve put together a list of the top-rated venues that accept Aussie players.
Advantages and Disadvantages of Cryptocurrency Casinos
We’ve compared the two kinds of casinos where AU players can pay and play with cryptocurrency.
Advantages
Guaranteed instant transfer of money.
Complete anonymity.
Improved security.
Low or inexistent fees.
Disadvantages
Stakes are higher when playing casino games with a cryptocurrency.
Not all pokies can be played with all kinds of crypto – some of them are only optimized for Bitcoin.
There aren’t as many cryptocurrency casino sites compared to regular ones.
Playing With Cryptocurrency Bonuses
Crypto casinos offer consistent casino bonuses, just like regular-currency counterparts. Playing with these gambling bonuses can come with a consistent boost in gameplay and winning chances. The crypto gambling Australia landscape has reputable casino sites that know how to reward their players.
New casino players can check out new cryptocurrency online casinos with a no deposit bonus and welcome bonus, while returning AU players can choose from reload bonuses, percentage bonuses, cashback promotions, with or without wagering, and the list goes on. Cryptocurrency bonuses use the same principles as standard bonuses.
How to Deposit and Withdraw Funds with Crypto
Most casino players fear that the deposit and withdrawal process is a lot more complicated when using cryptocurrency. However, nothing could be further from the truth. Whether you’re using ETH, BTC, Dogecoin, Bitcoin Cash, or any crypto, the process is similar, and you can get it done in a few simple steps.
Open a crypto wallet of your choice.
Link a payment method to your cryptocurrency wallet.
Access the casino account and click on “Deposit”.
Select the cryptocurrency of choice from the list of available payment methods.
Enter the deposit amount and click on “Deposit”.
Scan the QR code from within your crypto wallet to open the transaction page.
Send the funds to the Recipient Address from your wallet.
How to Withdraw
Go to your Casino account and click on “Withdraw” (it could be located under My Account in some casinos)
Insert your crypto wallet public key and the amount you wish to withdraw.
Click the Withdraw button.
The amount will be sent to your wallet instantly.
The Future of Cryptocurrency Casinos
When it comes to crypto gaming, Australia doesn’t show any signs of slowing down. There’s incredible chemistry between web gambling and cryptocurrencies that will not see them apart.
With Bitcoin and Ethereum becoming popular across the globe, there’s no doubt that more crypto casino sites will appear. Also, the great spike in prices experienced by the major cryptocurrencies this year served as a great advertisement for crypto casino sites and gambling using tokens.
FAQs About Cryptocurrency Casinos
Are All Pokies Available for Playing with Crypto?
Even if you play at a legit crypto casino, it doesn’t mean all the slots in its offer will be available for crypto playing.
Are All Cryptocurrency Casinos Regulated?
Every country or jurisdiction has different regulations for cryptocurrency casinos. However, regulations are not the most important aspect when choosing a crypto casino.
Is Crypto Gambling Legal?
Of course, no laws or regulations deem playing online casino games with cryptocurrency as illegal.
Does one Need a Physical Crypto Wallet to Play at Crypto Casinos?
There are no laws or regulations deeming playing casino games with cryptocurrency as illegal.
What’s the Minimum Deposit in Crypto Casinos?
The minimum deposit changes from casino to casino, though it’s usually the equivalent of minimum values for fiat casinos.
