Can you play with crypto at an online casino?

Author: Live Casino Direct
 
Extreme

Cryptocurrencies are revolutionizing the way we spend and receive money online. Online gambling is one of the industries that has fully embraced them. Many global brands welcome crypto as both a deposit and withdrawal method. In Canada, there are many online casinos offering a wide range of options for players holding Bitcoin, ETH, LTC and other altcoins.

How do crypto payments at online casinos work? It's slightly different to more traditional forms of online spending. To make a deposit into your casino account, you select an operator that welcomes your particular coin. Then, follow the instructions on screen to move funds from your private wallet into the casino’s public address. It won't be long before your gaming account has been funded and you can go and enjoy blackjack, roulette and other games using your crypto stash.

The pros and cons of using cryptocurrencies as a payment method in an online casino are discussed.

Some players don't want their casino payments to appear on their bank statements or credit card receipts. Bitcoin was developed to act as an anonymous payment option with no public record or paper trail. Most of the payment options that gambling sites welcome are secure, recognized and trusted. Cryptocurrencies improve online security as they don’t store sensitive data on a website”s server. The main perk of using crypto is that your transaction will be completed far quicker than any of other payment methods offered.

There are some cons to using cryptocurrencies to fund your casino and betting accounts. The value of Bitcoin and other cryptocurrencies can fluctuate, so the speed of withdrawals is limited. There is still some resistance to crypto, and finding sites and apps that will let you pay in BTC and ETH is difficult.

As per the Public Gambling Act of 1867, all Indian states, except Goa, Daman and Sikkim, prohibit gambling. Land-based casinos are legalized in GoA and Damans, and online gambling is legalized under the Sikksim Online Gaming (Regulation) Rules 2009. Horse racing is permitted only in a licensed premise in select states.

As per the Public Gambling Act of 1867, all Indian states except Goa, Daman and Sikkim prohibit gambling. Land-based casinos are legalized in GoA and Damans, as per Public Gaming Act 1976. Online gambling and E-gaming are legal in Sikksim under the Sik kim Online Gaming (Regulation) Rules 2009. Horse racing is permitted only in a licensed premise in select states.

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