Are you an enthusiastic gambler who loves cryptocurrencies? If so, why not combine the two and start crypto gambling?
If you don’t know how crypto gambling works, don’t worry; this article will provide you with all the necessary information. It has everything from crypto gambling pros and cons to a step-by-step guide on choosing the best crypto gambling UK casino!
So if you want to discover more, keep reading!
Top 20 Crypto Gambling Sites in the UK
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The State of UK Crypto Gambling in 2023
Cryptocurrency, also called “crypto,” is a type of digital money used to make online transactions. Some of the most well-known cryptocurrencies are Bitcoin, Ethereum, and Ripple.
As cryptocurrencies became more popular, online casinos decided to use them to make transactions faster and easier for their users.
People who use cryptocurrencies can keep their identities secret. They also don’t have to deal with banks, which is always a plus. But gambling with crypto comes with its fair share of drawbacks. The biggest one is the lack of security.
When gambling in the UK, people who use crypto risk using services that aren’t regulated. They are also more likely to be turned away from the Financial Ombudsman Service (FOS) and the Financial Services Compensation Scheme (FSCS).
Even though the lack of safety is a big problem, that doesn’t mean there isn’t a way to get around it. As you read, you’ll learn more about licensed UK casinos and how to use cryptocurrency through Neteller for the safest gambling options.
How Are Crypto Gambling Sites Secured?
People who gamble in online casinos can make a lot of money, but there is a high chance that fraud and other illegal activities will occur. Because of this, online casinos use the blockchain system to ensure that both the casino and the player are safe.
Blockchain is a technology that uses a public, globally distributed ledger to keep track of transactions. Blockchain systems can be used to keep track of any transaction, but they are most often used with cryptocurrencies.
Every new transaction is saved in a “block” and added to a “chain.” This is where the term “blockchain” comes from. With each new transaction record, the technology uses encryption and redundancies that can’t be changed. Each record also has a time stamp, and anyone who is part of the blockchain can see it. This lets people check the record and make sure there are no mistakes.
How to Gamble with Crypto at UK Online Casinos
If you want to try crypto gambling but don’t know where to start, you could use Neteller to play at UK online casinos. Here is what you should do:
Step #1. Load Cryptocurrency in Neteller
Neteller is an online wallet that a lot of online casinos accept. To play at an online casino with it, you only need to:
Visit Neteller’s official website
Read the terms and conditions
Fill out the required information
Press the ‘Continue’ button
Once your account is ready, you can put your cryptocurrency into the wallet. To do this, go to the account overview and click the “Money In” button. Then, choose how much you want to deposit and move the money from an existing cryptocurrency wallet.
Step #2. Connect Your Neteller Account
The next step in crypto gambling is to link your Neteller account to your chosen crypto casino UK. Of course, make sure that this online casino accepts Neteller, so you don’t waste your time on one that doesn’t.
When you find a crypto casino that accepts Neteller, you can link them together. To do this, you need to:
Log into your online casino account
Visit the cashier section
Choose Neteller for making a deposit
Step #3. Make Deposits and Withdrawals Using Crypto
After going through the simple steps above, you will be asked to enter your 16-digit Neteller account number and the amount you want to deposit.
After that, you’ll have to enter your “Secure ID,” which you can find in your electronic wallet. If you have enough money, the deposit will be made right away.
Then, you need to follow the familiar steps:
Log into your online casino account
Go to the cashier section
Open the withdrawals
Enter the amount you wish to withdraw
Click on the green arrow
That’s all there is to it. If you don’t have any pending automatic withdrawals, you’ll be able to get your money in no time.
Which Cryptocurrencies Can I Gamble With at UK Casinos?
UK casinos support a variety of cryptocurrencies, as does Neteller. So let’s take a look at some of the most popular cryptocurrencies used in gambling and beyond.
Bitcoin. Bitcoin, or BTC, was created in 2009 by a programmer named Satoshi Nakamoto. It was the first cryptocurrency and is still one of the most popular today. Bitcoin wants to make banks less important. It uses a blockchain system to make sure that every transaction is protected. So, Bitcoin gambling is thought to be safe. It’s also not hard to find a BTC casino where you can gamble with bitcoin because of its popularity.
Ethereum. Ether is a cryptocurrency under Ethereum, a blockchain platform that creates a network for secure peer-to-peer transactions. These transactions are known as “smart contracts.” They allow the users to send and receive money without a third party or a central authority. But to send money, a person must have an Ethereum account and spend Ether.
EOS. EOS is a blockchain platform where the token of the same name is the main form of cryptocurrency. It was created in June 2018 when the coin offering raised 4.1 billion dollars in cryptocurrency. EOS is a decentralized platform with the goal of developing and executing business or distributed applications (DApps). The system architecture used by the platform is EOS.IO. The aforementioned Ethereum is the network’s main rival.
Cardano. Cardano is a blockchain platform that uses ADA as its main cryptocurrency. It was created in 2015 by Charles Hoskinson, but it only launched two years later, in 2017. Similar to both EOS and Ethereum, Cardano uses a proof-of-stake (POS) blockchain system. Essentially, with POS, crypto owners can make transactions using their staked coins. as opposed to the proof-of-work (POW) blockchain system employed by bitcoin, which requires miners to solve cryptographic problems in order to conduct transactions.
Solana. Solana was established in 2017 and is currently housed within the Geneva-based Solana Foundation. Its blockchain system was developed by Solana Labs in San Francisco, and it uses a proof-of-stake (POS) model as well. The major benefit of this network is that it can handle many transactions while also charging lower transaction costs. Solana also makes use of cryptocurrency under the same name, SOL.
How to Choose a UK Crypto Casino Site
If you are into crypto gambling and are looking for the best crypto casinos in the UK, you should consider a few things.
#1. Restricted Countries
If you have a certain casino in mind or have heard of one that other gamblers like, you first need to find out if it is available where you live. Some online casinos are licensed worldwide, while others are prohibited in certain countries.
So, you need to do a quick Google search or check their website to discover if the casino of your choice is available in your country before getting overly excited. If the casino is prohibited in your location, you won’t be able to access it at all.
In case you can enter the gambling website hassle-free, consider it 100% legal in your country.
#2. Supported Payment and Withdrawal Methods
After determining whether the casino you’re interested in is accessible in your country, your next step should be looking into payment methods supported by the casino.
Reputable casinos have a wide variety of deposit and withdrawal options, and you will most likely be able to find the one that fits your needs the best. But this might not be the case with lesser-known online casinos.
In the end, It all comes down to what cryptocurrency you want to use while crypto gambling in the UK.
#3. Deposit and Withdrawal Speed
You should always check the deposit and withdrawal times, even if it’s a bitcoin casino UK or any other online gambling website.
You wouldn’t want to gamble at a casino, make a deposit, or withdraw money, only to learn that the transaction would take hours or even days to process. This is not only annoying, but it may also obstruct some of your crucial plans.
So, do your research before making any deposits or withdrawals. Usually, when dealing with UK crypto gambling casinos, the transfers should happen quickly, if not instantly.
#4. Provably Fair
Choosing the best crypto gambling UK casino requires many key decisions, one of which is whether the casino uses provably fair technology.
The term describes a technical method for ensuring fair play that makes use of the blockchain system. Therefore, if a game has provably fair technology, each player can verify that the random number generator (RNG) performed as intended.
Seeing if the casino of your choice has this mechanism in place will guarantee that you will have the same opportunities to win as other players. You can usually find this information at the bottom of every betting website’s homepage.
#5. License and Registration
It is essential to know whether the casino is authorized.
When you gamble at unlicensed casinos, there is a good chance that the casino will take all of your earrings. Additionally, winnings should be taxed, although this is not the case at unregistered casinos. Therefore, by gambling there, you are aiding in tax fraud.
Online casinos are typically examined by organizations to determine their legitimacy, such as the Malta Gambling Authority and UK Gambling Commission. Casinos that are not licensed do not follow the same process and cannot be trusted.
Generally, every authorized online casino will place a transparent license number and address on its homepage that everyone can easily spot. If you can’t find it on the homepage, your best bet (pun intended) would be to look for some other place to bet with your digital assets.
#6. Game Selection
Choosing the finest crypto gambling UK casino to play at requires consideration of all the aforementioned elements, but you also need to take into account your personal interests and preferences.
If a casino meets all the other requirements but doesn’t have the games you want to play, what’s the point of gambling there? Gambling is supposed to be enjoyable for you.
Now that most online casinos offer a wide selection of games, you shouldn’t have any trouble selecting one that you enjoy playing. But just to be cautious, browse the games and pick the casino that offers the ones you think you’ll enjoy.
Advantages and Disadvantages of Crypto Gambling
Now that you are aware of the essential steps to choosing the best crypto gambling UK casino, consider some of the advantages and disadvantages of crypto gambling in the UK.
Advantages of Crypto Gambling
Crypto gambling comes with a lot of benefits. Some of the most important ones are:
Privacy. While gambling with cryptocurrency, you have the option to remain anonymous. The casinos value your privacy, and most of them use the latest technology to keep your personal data safe.
Security. Online casinos that support cryptocurrencies use the blockchain system and proof-of-work (POW) or proof-of-stake (POS) models. For optimal security, this technology ensures every transaction record is time-stamped, encrypted, and available to everyone using the system.
Speed. When it comes to gambling with cryptocurrency, all transactions are done momentarily. Keep in mind that traditional transaction methods can take hours or even days to execute the payments.
Provably fair. Most crypto casinos use provably fair technology. Thus, if you decide to play at these gambling websites, you can rest assured that the odds of earning money are good and the games are fair.
Disadvantages of Crypto Gambling
Like everything else, even crypto gambling has drawbacks. The most notable ones are:
Less governmental control. Players may experience difficulties at the casino without a third-party organization ready to assist them because there is no regulating body monitoring the procedure. Because of this, it is always a good idea to gamble at a licensed casino, where there is a lower chance that you will run into any problems while gambling with crypto.
Fluctuation. Some cryptocurrencies see more frequent value fluctuations than others. Your earnings will fall if the value of the cryptocurrency you were using to bet lowers. However, it can also work the opposite way, increasing your wins. So keep an eye out and focus more on the market.
Absence of refunds. The absence of a return mechanism is another drawback of crypto gambling. There is no established procedure to follow if you send money to the incorrect address or send more than you need.
Crypto VS Traditional Payment Methods
After reviewing some of the benefits and drawbacks of crypto gambling, let’s compare crypto payment methods to traditional ones.
Payment MethodProsConsCryptocurrenciesNo connection to the authoritiesSecurity and transparency in every transactionFast transaction approvalQuick withdrawals with no settlement feesLow costs for safetyLower commission costsNot subject to Financial Conduct Authority regulation (FCA)Frequent cyber attacksVulnerability to scams or fraudulent activityPossibility of removing the currency or losing the e-walletFrequently changing cryptographic valuesDebit/Credit CardsDebit Cards:
Avoid debtNo yearly costsSuitable for a small purchaseEasy to obtain
Time to identify mistakesCan improve creditProvide rewardsSet high limitsDebit Cards:
Having minimal fundsCharge for overdraftsChallenging for expensive itemsNeed a PIN
Can become a scam victimChance of damaging creditPossibility of spending too muchPaysafecardGuaranteed privacy and security when making transactionsStraightforward transaction process that requires minimal effort7 months after a card’s activation, monthly maintenance costs are chargedLimits with cash vouchers, e-vouchers, and daily payoutPayPalAn easy way to send money to family and friendsAn additional level of security and fraud protectionPossibility of recovering funds in case of fraudPersonal and financial information is protected by encryption technologyNo charges apply when sending money to family and friendsIncurred costs for commercial transactionsInstant money access has a 1% feeBank transfers that are free take several daysAggressive policies when it comes to freezing accounts
Best Crypto Gambling Apps in 2023
If you prefer to gamble on your mobile phone, then here are some of the best crypto gambling apps you should try in 2023!
#1. Betfred Casino
In the 1960s, when it first started, Betfred Casino mostly concentrated on sports betting, but starting in 2004, it expanded to include a wide range of other online games.
The casino is licensed and regulated by the UK Gambling Commission. It offers more than 200 slot games and has a variety of promotions as well as rewards for its users.
You have two options when it comes to mobile gambling: you can either utilize their mobile app or open their website on a mobile browser. The majority of the casino’s games will be accessible via the app. They function flawlessly as well.
Neteller is one of the payment methods that the app offers if you want to play with your cryptocurrency. To use your cryptocurrency for gambling, you can simply link your Neteller account to your casino account.
#2. Captain Spins Casino
Captain Spins Casino was created in 2019 by White Hat Gaming Limited. It is a licensed casino regulated by the Malta Gaming Authority. The casino uses 128-bit encryption for maximum safety.
With the casino’s extremely substantial welcome bonus, you can receive up to 520 free spins. In order to reward its devoted users, it also maintains a loyalty program.
In terms of mobile gambling, you have a choice of using the app or visiting the website through the browser. The app is fully optimized, so you won’t have any trouble finding and playing any game. Blackjack, poker, roulette, slots, and many other games are available in the mobile app.
Don’t worry if you want to use your cryptocurrency to gamble on the app. The casino accepts Neteller. Therefore, all you need to do is register there and link it to your casino account.
#3. Video Slots Casino
Although Videoslots Casino is headquartered in Malta, it has Swedish roots. It has received a significant endorsement after winning Casinomeister’s “Best New Casino” award for 2014.
The casino offers a broad selection of online slot games from top gambling software developers, including NetEnt, Microgaming, Play’n Go, and others.
The Video Slots Casino has licenses from several different governments. In addition, it uses the latest SSL encryption to keep its users’ personal data safe.
The casino video slot games can be accessed on mobile devices via an app or a mobile browser. Again, Neteller is one of the accepted payment options, so you can gamble with your digital assets.
Best Bonuses at UK Crypto Casino Sites
Gambling can be quite exciting, but you know what’s even more thrilling? The potential for additional rewards while gambling.
If you love receiving rewards, then keep reading as you are about to see which UK crypto casino sites give the best bonuses.
#1. Plush Casino
A sizable welcome bonus is provided by Plush Casino to all new players. You may receive up to £100 and 100 free spins with the welcome bonus.
Plush Casino also offers two additional promotions. With Cash Spins, you may get five cash spins three times a week by making a £10 deposit, while with Bonus Spins, you must deposit £10 to receive 20 free spins.
#2. Mansion Casino
Mansion Casino offers a great welcome bonus for its new players: the ability to double the deposit! To receive this bonus, new players must deposit between £20 and £500.
On top of the welcome bonus, the casino has promotional offers that tend to change from time to time. Examples of such promotions are Drops & Wins and Wild Wednesdays.
#3. Regent Play Casino
Regent Play provides a welcome bonus, much like the first two casinos. The incentive, worth £200 in cash back, is divided among three deposits.
In addition, the casino provides a no-deposit bonus. You will get 100 free spins after creating an account. Additionally, Regent Play hosts live competitions where you can take home a lot of prizes.
Finally, it offers loyalty and VIP programs. They come in seven different tiers, each of which has its own advantages.
Best UK Bitcoin Casino
BC.Game is one of the best bitcoin gambling UK casinos, not to mention it also supports over 150 cryptocurrencies.
The casino offers live games, dealer games, table games, lottery, sports betting, and much more. Every game on the website uses probably fair technology so you don’t have to worry about fairness when it comes to winning.
Best UK Ethereum Casino
Ethereum is a payment method that is accepted at Winz Casino. Additionally, it supports a few other cryptocurrencies like Ripple, Litecoin, and Bitcoin.
There are several provably fair games available at the casino. Additionally, it provides a fantastic welcome bonus where you may get up to 300 free spins for making a cryptocurrency deposit.
Best UK Tether Casino
Visit Meta Spins Casino if you wish to use Tether for crypto gambling. Along with Tether, it also supports Tron, Cardano, Dash, and other cryptocurrencies.
The casino has slots, table games, and live dealers, all of which are provably fair. It doesn’t have a minimum deposit requirement, but it also doesn’t have a welcome bonus.
Best UK Binance Coin Casino
One of the finest places to use Binance tokens for gambling is Stake. It also accepts XRP, Dogecoin, EOS, and a few other cryptocurrencies.
You can play a range of table games, slots, live dealers, lottery games, and sportsbooks at Stake Casino. All of these games have been proven to be fair, so you can rest easy.
The casino doesn’t offer a welcome bonus, but it also does not have a minimum deposit requirement.
Best UK US Dollar Coin Casino
Coin Zino is the place to go if you want to gamble with US dollar coins. In addition to US dollars, this casino also accepts digital currencies like Bitcoin, Ethereum, Litecoin, and others.
The casino’s live dealers, slots, and table games have all been shown to be completely impartial. The casino offers a welcome bonus as well. In addition to 10% cashback on losses, you can receive a 100% deposit match up to $500.
The Future of Crypto Gambling
Gambling has existed for as long as we can remember. Ancient card and dice games, animal fights, and even gladiator arena battles are all forms of gambling.
Online gambling became popular with the rise of the internet. It made gambling available to everyone, no matter where they were in the world. They can bet as long as they have a computer or other electronic device and internet connectivity.
It was inevitable that cryptocurrency would penetrate the gambling sector as both technology and financial systems advanced. The blockchain system gained traction, particularly with the advent of decentralized applications with an emphasis on gambling (dApps).
What, therefore, is the future of cryptocurrency gambling? Well, the industry will continue to advance as long as technology does. For instance, the term “metaverse” can be used in the cryptocurrency gambling industry.
Metaverse is simply an online virtual environment where you can interact with others, conduct business, trade goods, and play cryptocurrency games. There are some metaverse casinos that are decentralized, such as Earnbet, Decentraland, and others.
The number of metaverse casinos and other creations will increase as technology develops.
Crypto Gambling FAQ
#1. Is crypto gambling legal in the UK?
In the UK, crypto gambling is legal. If you play at an unauthorized internet casino, you can be found engaging in unlawful activities.
The best way to make sure you’re playing at a legitimate website is to check whether it has the UK Gambling Commission’s seal of approval.
#2. Is crypto gambling safe?
If you play by the rules and take the necessary precautions, crypto gambling is 100% secure. As an illustration, you should never play at an unregulated online casino because you run the risk of being scammed and losing money there.
#3. What is the best crypto gambling site in the UK?
One of the top cryptocurrency gaming sites in the UK is Betfred Casino. It provides a huge selection of games, bonuses, and much more. You can also link your Neteller account to it and gamble with your digital funds hassle-free.
#4. What cryptocurrency is best to gamble with?
It should come as no surprise that the most common cryptocurrency for gambling is Bitcoin as it is also the most widely utilized cryptocurrency. When you gamble with Bitcoin, you can access, deposit, and withdraw your funds in an instant.
#5. Is crypto gambling taxable?
In the UK, there is no particular tax on cryptocurrency gambling. Your gambling winnings, however, are either liable to income tax or capital gains tax.
The type of transaction you make with your crypto earrings determines how you are taxed.
Here we have it—the top 20 bitcoin and crypto gambling UK sites to bet safely on in 2023.
After reading this article, you should be fully informed about crypto gambling, including its advantages and disadvantages, the top UK casinos for crypto gambling, how to gamble securely using cryptocurrencies, and much more.
It may not be simple to find the ideal casino or e-wallet, but we hope that this article has helped you get closer to everything you need to start your crypto gambling UK journey.