(Newswire.net — January 25, 2024) — At the moment, gambling establishments are developing rapidly in terms of offering more options for the average player. Try to remember the number of casinos 5 years ago that provided the ability to play using cryptocurrency. Most likely, you barely heard about them.
There were so few. Moreover, a significant portion of them were just deserted due to some distrust from the general public. Today, everything has changed, and you can read more on casino withdrawals with crypto. Cryptocurrencies have come to occupy a serious place within gambling establishments. Let’s take a deeper look at this topic and explore it for your own convenience.
Criteria for Selecting the Best Bitcoin Casinos
Many players truly do not know what to rely on when choosing a casino to avoid scammers. The solution is actually quite simple – you just need to focus on some key pillars that we can outline below.
Licensing and Regulation
Casino licensing has been around for quite some time. For example, the British, where there used to be a lot of the best crypto gambling sites of all kinds, have long provided one of the strongest licenses in the industry. Unfortunately, they still do not provide licenses for those gambling establishments that offer cryptocurrency services. At the same time, the Curaçao offshore license provides a license for cryptocurrency casinos, but with some reservations. So, if you want to rely on any regulatory body, you need to familiarize yourself with all the nuances that follow from this.
Importance of choosing licensed and regulated platforms
Licensing is an important factor when choosing a Bitcoin casino. It provides you with legal protection against any dissatisfaction that correlates with the law. In any case, most regulators today do not license those casinos that, for one reason or another, have chosen to operate using cryptocurrency. People even have the misconception that if a casino does not have a license, then it is bad. We will say that having a license is good, but if you want to play with cryptocurrency, then you already need to focus on public reputation.
Overview of regulatory bodies overseeing crypto gambling
Let’s look at the main casino regulatory bodies specifically for cryptocurrencies that you can currently find:
- Financial Conduct Authority. This is a British subdivision that regulates the flow of cryptocurrency. It is quite difficult for a casino to obtain this license, so no one really tries. The British do not associate cryptocurrencies with casinos at all, so it is most likely useless anyway.
- Malta Gaming Authority. A very popular offshore license known for its heightened level of respect and safety. You may have seen it many times, and they recognize cryptocurrency as a means of depositing and withdrawing funds from the best online crypto gambling sites.
- Curaçao eGaming. Another popular offshore license that makes it possible to start a casino using cryptocurrency. Less reliable than the Maltese one, but still common.
- Australian Securities and Investments Commission. Australian licenses have always been known for being isolated and difficult to obtain, even for Australian businessmen. Most Australian companies opt for the above offshore options due to their flexibility.
Now that we have looked at some licenses let’s move on to another equally interesting section.
Best crypto gambling sites online
We’ve compiled five of the best crypto-gambling sites online for your enjoyment. Let’s explore what makes them stand out.
Wild Fortune: Generous Rewards
Boasting generous promotions and over 7,000 games, Wild Fortune aims to create a wide-ranging and rewarding casino. Its Malta license and robust platform provide a secure foundation, while strong reviews praise its offerings. Players can expect a world-class experience backed by licensing and powered by variety.
BitReels: Crypto Focused
With 4+ star ratings, BitReels brings crypto to the forefront. It is one of the best crypto-gambling sites. Holding prestigious licenses, it offers 2,000+ games, tournaments, and a standout VIP program. Supporting leading cryptos and fiat currencies, it blends licensing, promotions, and crypto-tech for a modern product. BitReels is built for slots and crypto lovers.
SkyCrown: New Kid on the Block
As the new kid on the block under a Curaçao license, SkyCrown bursts onto the scene with 6,000+ games, generous promotions, crypto support, and a stellar mobile experience. While improving service aspects, its features and mobility are creating waves. SkyCrown brings next-gen offerings in a fresh package.
BitKings: The Royal Treatment
With royal treatment, including vast games and big rewards, BitKings equates crypto and VIP. Its Curaçao license, 6,600+ games, generous crypto bonuses, live dealers, and exclusive VIP perks aim to make it a premier crypto destination. BitKings rolls out the red carpet for crypto players.
Stay Casino: Modern and Stylish
Boasting a modern interface and 8,000+ game variety, Stay Casino, powered by an established operator, offers a stylish experience. Its promotions, tournaments, crypto options, and more create a feature-packed offering. Minor issues aside, Stay Casino provides engaging contemporary flair. It completes our list of the best online crypto-gambling sites.