When Bitcoin was invented in 2009, few could have predicted that it would have been the start of a multi-trillion dollar industry. It’s been a little over a decade since then, and we’ve seen the cryptocurrency industry transform in unimaginable ways. Today, the cryptocurrency market is worth a whopping $2 trillion USD (at the time of writing), with Bitcoin continuing to account for a large percentage of the market capitalisation.
Cryptocurrencies have totally revolutionized the way we do things – including gambling. Over the past few years, we’ve been seeing more and more online casinos take altcoins (and Bitcoin) on board, either alongside or in place of their fiat currency options. And it’s only the very beginning. As Bitcoin and altcoin gambling starts to overshadow the traditional online casinos, it’s important that you stay in the know. We’ll be taking a look at the best altcoin casinos and gambling sites, so that you can start participating in the fastest growing industry in the world.
The Best Altcoin Casinos
When you begin your altcoin gambling career, you’re going to want to ensure that your chosen crypto casino is trustworthy, established, and, let’s not forget, entertaining. A generous welcome package is a plus too. Fortunately, we’ve done the dirty work for you. The following list includes all of the altcoin gambling establishments that have earned our gold star of approval.
Bitstarz is arguably one of the more established altcoin casinos on the market. Having launched in 2014, this casino is home to thousands of fantastic games, including video slots, virtual games, live casino games, table games, and more.
The casino accepts both fiat and altcoin options, which we appreciate. The platform allows you to play with a wide range of currencies including Australian dollars, Canadian dollars, Chinese yuan, Euros, Japanese yen, Norwegian kroner, New Zealand dollars, Polish zlotys, Russian rubles, and US dollars, as well as Bitcoin, Litecoin (LTC), Dogecoin (DOGE), Ethereum (ETH), Bitcoin Cash (BCH), and Tether (USDT).
Deposit and withdrawal speeds will depend on your chosen payment method – with a speed range between instant and 5 days. It’s worth noting that transacting with crypto is almost instant, so altcoin gamblers will never have to wait 5 days.
$500 or 5BTC + 180 free spins
Greenspin casino is another altcoin casino that we love. It was established in 2020, making it one of the newer altcoin gambling sites. Greenspin is one of the first socially responsible gambling platforms, and offers a massive selection of games, various payment methods, and solid promotions and bonuses.
Greenspin accepts Tether (USDT), Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and Dogecoin (DOGE). Greenspin also accepts a range of fiat currencies, but, as per usual, the fiat transaction speeds will be much slower than the altcoin options.
Up to 650 EUR + 100 free spins
KingBit burst onto the altcoin casino scene in 2019 and quickly made a name for itself thanks to its incredibly generous bonuses and wide range of games. Players have the option to gamble with an impressive selection of altcoins including Litecoin (LTC), Ripple (XRP), and Tether (USDT), as well as Bitcoin (BTC).
KingBit casino has a huge selection of the top casino games in the world, from providers such as Ezugi, Mascot Gaming, BetSoft, Wazdan, Nolimit City, Sinomenal, Pragmatic Play, Booming Games, and Reel Time Gaming. Players will find slots, scratch cards, table games, jackpots, virtual games, video poker and video bingo at this highly entertaining online casino.
110% up to 1BTC
The top altcoin casino on our list of the best altcoin casinos is BetChain. BetChain launched in 2014 and is one of the most well-loved altcoin casinos on the market. It offers players fantastic bonuses, a huge range of altcoin games, a user-friendly platform, and reputable online altcoin gambling and altcoin betting.
Players will find slots, poker games, video poker games, card games, provably fair games, live dealer games, and much more. The crypto payment options include Bitcoin (BTC), Litecoin (LTC), Dogecoin (DOGE), Ethereum (ETH), and Bitcoin Cash (BCH). BetChain also accepts a selection of fiat currencies, including Australian dollars, Canadian dollars, Euros, Norwegian kroner, Russian rubles, and South African Rands.
100% welcome bonus up to 1 BTC
What are Altcoins?
If you’re not familiar with the term, ‘altcoin’ refers to any cryptocurrency that is not Bitcoin, deriving from “alternative coin” (alternative to Bitcoin). You’ve probably heard some of these names before, like: Ripple (XRP), Litecoin (LTC), Ethereum (ETH), and Bitcoin Cash (BCH). Like Bitcoin, altcoins are cryptocurrencies that use blockchain technology to facilitate secure peer-to-peer transactions.
Using Bitcoin’s success as a springboard, each altcoin has developed their own unique rules and benefits to appeal to different users. Some altcoins promise faster transactions or lower transaction fees, while others prove to be more eco-friendly than Bitcoin. Whatever the case, it’s an increasingly competitive market and driving innovation fast and furiously.
Growth of Bitcoin and Altcoins
As we’ve already mentioned, Bitcoin was the first successful cryptocurrency, launched back in 2009. Bitcoin was invented by Satoshi Nakamoto, an anonymous individual or group of people, whose identity remains a mystery to this day. Despite not knowing who they are, Nakamoto’s innovations in blockchain technology went on to spark a global boom of digital assets.
Cryptocurrencies are supported by blockchain technology, which makes it possible to trade without a centralised system (in other words: it allows one to sidestep the banks). The term “blockchain” is likely to accompany any conversation relating to Bitcoin and other cryptocurrencies, and simply refers to the technology on which that currency operates. For instance, Bitcoin runs off of the Bitcoin blockchain, while Ethereum runs off its own Ethereum blockchain.
At first, cryptocurrencies were largely seen as a fringe idea, but this dramatically changed after the crypto bull run of 2017. Cryptocurrencies had already grown in popularity by that point, but when Bitcoin’s price peaked just under $20,000, things started to change and the world took notice. Altcoins, forever on the trail of Bitcoin, swiftly followed suit, and the entire digital asset market swelled thanks to what has become known as the “ICO Boom”. This involved hundreds of projects launching their platforms and along with it an avalanche of new altcoins. Many didn’t make it.
Today, cryptocurrencies like Ethereum, Ripple, and Bitcoin are household names. The crypto market has grown in leaps and bounds and sparked the creation of alternative industries, like the altcoin gambling scene.
If you’re looking to start gambling at altcoin casinos, it’s probably a good idea to first acquire some altcoins. Let’s take a look at the top seven altcoins at the time of writing, according to CoinMarketCap.
- Ethereum (ETH)
The largest altcoin and second-largest cryptocurrency in the world (after Bitcoin). Ethereum provides a platform on which developers can create their own decentralised applications (also known as dapps) and smart contracts.
- Binance Coin (BNB)
Interestingly, BNB was first launched on the Etherium blockchain under a different name but has since moved over to the platform’s own blockchain. BNB is the native token to Binance, one of the world’s largest crypto exchanges.
- Cardano (ADA)
Cardano was built by one of the co-founders of Ethereum and offers a relatively similar purpose, with a few tweaks of course. ADA facilitates the creation of dapps and smart contracts on the platform.
- Dogecoin (DOGE)
Dogecoin was initially created as a joke, making fun of the wild speculation around cryptocurrencies. It’s since outgrown its joke status and built up a mass following, mostly because of its celebrity backing but also because it’s so much faster than other altcoins.
- Tether (USDT)
A stablecoin that is pegged to the US Dollar on a 1:1 basis. Tether, and several other altcoins, provide the market with stability in times of intense volatility. They also allow businesses and individuals to make global payments without being subjected to any volatility should it arise.
- Ripple (XRP)
Ripple, also referred to as XRP is a ‘currency exchange and remittance network’ created by Ripple Labs Inc. The network is used by institutions to make very fast and cheap global transactions.
- Polkadot (DOT)
Polkadot was named the most profitable and trustworthy altcoin of 2020. It aims to remove the slow communication process between public and private blockchains.
When you’re looking to start playing at altcoin casinos, you should first decide which altcoin you want to play with. Any of the top ten cryptocurrencies by market cap will be fairly accessible and easy to buy.
How to Start Playing with Altcoins
When you want to trade altcoins, you’ll need to do so over a cryptocurrency exchange or trading platform. Exchanges like Binance and Coinbase are established and trustworthy, and allow you to buy altcoins with your credit or debit card. All you need to do is sign up, complete a KYC process, and have a crypto wallet where you can store your digital assets.
Crypto wallets are digital wallets that allow you to store your cryptocurrency, however, you will likely need several wallets if you’re looking to buy several cryptocurrencies as one crypto wallet does not support another (e.g. Ethereum wallets cannot hold XRP, while Litecoin wallets cannot hold USDT).
Each wallet is made up of a public key, an address to where people can send your crypto, and a private key that allows you access to your crypto funds. Never share your private key with anyone as this will immediately give them access to your funds.
Every altcoin casino has a specific address, which they will share with you so that you can use it to deposit your altcoin. Usually, the funds will be credited to your account instantaneously – although it does depend on the coin and online gambling platform of your choosing. Different coins have different transaction times and may take a little longer on occasion due to network congestions.
Playing with altcoins is simpler than it might sound, and allows users to tap into the fast-paced world of cryptocurrency to benefit their playing habits. For instance, when playing with altcoins you can start playing faster than if you had deposited fiat, and who has time to wait around for funds to clear these days?
Start Playing at Altcoin Casinos Today
Now that you have a comprehensive list of the best altcoin casinos, you can start playing the very best games the industry has to offer. From slots to video poker, table games, scratch cards, live casino games, altcoin games and altcoin gambling, there’s nothing that these altcoin casinos can’t do.