There is no one true best crypto wallet for gambling, but there are a variety of great options out there depending on your currency and casino of choice.
Cryptocurrency casinos have become increasingly popular in recent years, and for good reason. Cryptocurrency offers a level of security, speed, and anonymity that traditional fiat currency simply cannot match. Additionally, the decentralized nature of cryptocurrency allows for more fairness and transparency in the gambling process. From faster transactions to lower fees and more diverse options, we will explore why gambling with cryptocurrency is the way of the future.
In this article, we will dive into the various benefits of using cryptocurrency for gambling and give you our recommended crypto wallets for all your gambling needs.
Best for Bitcoin: Electrum
Best for Ethereum: MetaMask
Best for Litecoin: Exodus
Best for stablecoins: Binance
Best for crypto: Trust Wallet
Best Bitcoin wallet for online gambling: Electrum
Electrum is a very popular non-custodial Bitcoin wallet and is considered the best Bitcoin wallet for online gambling.
Electrum supports hardware wallet integration, working with well-known wallets such as Ledger-Nano S, Trezor, and more.
This wallet may only accept Bitcoin, but its lack of supported currencies is made up for by its great security and low fees. Electrum has a flat fee rate of roughly 0.2 mBTC.
Best Ethereum wallet for online gambling: MetaMask
MetaMask currently has a user base of roughly 21 million monthly active users, and it has quickly become one of the most popular crypto wallets. MetaMask supports Ethereum and tokens built on networks compatible with the Ethereum blockchain.
It is widely supported at online casinos, with BSpin even offering it as a method to log in, and has relatively low fees ranging from 0.3% to 0.875%.
If you would like to learn more about MetaMask, read our MetaMask Gambling Guide.
Best Litecoin wallet for online gambling: Exodus
Launched in 2015, Exodus wallet is one of the most popular beginner and novice Litecoin wallets. Alongside supporting the sale, buying, and storing of Litecoin, Exodus also supports an additional 290 other cryptocurrencies.
Not only is this the best Litecoin wallet for online gambling, but users can also earn crypto through staking and swapping tokens easily. This non-custodial wallet may be your best Litecoin gambling bet.
If you would like to learn more about Exodus, read our Exodus Wallet Gambling Guide.
Best stablecoin wallet for online gambling: Binance
Binance is a world-renowned cryptocurrency exchange and wallet that supports multiple stablecoins, including USDC, TUSD, PAX, and more. It is multi-chain, supporting multiple blockchains such as Ethereum, Binance Smart Chain, etc.
Binance wallet offers a high level of security, ease of use, and earning opportunities have made them a top option for stablecoin holders. Having launched their stablecoin, they are considered an expert in the field.
Best crypto wallet for gambling: Trust Wallet
Over 25 million people use Trust Wallet and it comes recommended as the wallet of choice by some of the biggest cryptocurrency casinos in the world, including Stake.
With Trust Wallet, you can buy, exchange, and securely store cryptocurrency. Trust Wallet supports 65 blockchains and +4.5 million assets. Meaning almost any cryptocurrency you can think of they do support.
To learn more about this wallet read our guide to Trust Wallet gambling and casinos.
Best Bitcoin wallet for sports betting
There is a range of benefits when using a crypto or bitcoin wallet for sports betting and other casino activities.
And while the advantages are clear, it is hard to choose one single “best bitcoin wallet for sports betting”. Even limiting it to one currency does not make it easier, as there are a variety of features that could individually benefit players differently.
When looking for the best crypto wallet for sports betting, it’s important to note what currencies the sports betting site you are playing at accepts. Generally, the most important thing to consider when selecting the best bitcoin wallet for sports betting is the trustworthiness of the wallet and the cryptocurrencies accepted at the sportsbook.
But it is always recommended to do your research, and find the best crypto wallet for gambling that fits your individual needs and preferences.
Benefits of using crypto wallets for gambling
Three main types of cryptocurrency wallets are popular among gamblers, all for different reasons. The three main types of cryptocurrency wallets used for casino payments are:
- desktop wallets
- cloud-based wallets
- mobile wallets.
Finding the best cryptocurrency wallets for gambling can reduce complexity, fees, waiting time, and risks. The main benefits include but are not limited to:
- Security: Transactions made through crypto wallets are secured by encryption and cryptographic algorithms, making them less susceptible to fraud or theft.
- Speed: Transactions made through crypto wallets are processed faster compared to traditional payment methods, making it easier and quicker to place bets or access winnings.
- Low fees: Transactions made through crypto wallets generally have lower transaction fees compared to traditional payment methods.
- Accessibility: Many online gambling platforms accept a variety of cryptocurrencies, giving users more options for payment and allowing for easy access to a wider range of gambling services.
- Anonymity: Transactions made with a crypto wallet are generally considered more secure and anonymous compared to traditional payment methods.
We can not say for sure which cryptocurrency wallets are the best for gambling, but through trial, community sentiment, and figures, you can get pretty close. So here it is, the best cryptocurrency gambling wallets.
Gambling safety and security
Cryptocurrency gambling does not have to be intimidating, confusing, or risky, with the help of these crypto gambling wallets you can play in peace.
We have selected these cryptocurrency wallets for gambling for a variety of reasons. Some are more user-friendly, some have heightened security, others offer great fees, and some are coin specific, such as the best bitcoin wallet for online gambling. Before choosing your preferred cryptocurrency gambling wallet, think about what you are looking for.
Our list of recommendations should help narrow down your options to the best of the best. If you want to learn more about cryptocurrency and Bitcoin wallets, Bitcoin Chaser has you sorted.
You can learn more about cryptocurrencies, casinos, cryptocurrency casinos, and blockchain technology at Bitcoin Chaser.