Welcome to our comparison of Crypto Casinos vs. Traditional Online Casinos! Dive into our article and find out which one of them is better, if it is any? Our path in the online gambling industry has started just when crypto gained some tracking in this world. And since then it has taken over the world and changed our lives forever.
- Introduction: The Rise of Crypto Casinos vs. Traditional Casinos
- Speed & Convenience: Which One Wins?
- Anonymity & Security: How Do They Compare?
- Crypto Casinos vs. Traditional Online Casinos: Bonuses & Promotions
- Crypto Casinos vs. Traditional Online Casinos: Game Selection
- Crypto Casinos vs. Traditional Online Casinos: Withdrawal Limits & Fees
- Real Examples: How Crypto Casinos Stack Up Against Fiat-Only Platforms
- Our selection of the best crypto casinos to play in
- Crypto Casinos vs. Traditional Online Casinos Final Verdict: Which Casino Type Is Right for You?
- Crypto Casinos vs. Traditional Online Casinos: Frequently asked questions
Introduction: The Rise of Crypto Casinos vs. Traditional Casinos
It was back in 2012 when the first crypto gambling website has been launched, and it was called SatoshiDice. While SatoshiDice is not your classic online casino, but more like a bet on a crypto website, it has paved the way for what was coming. Two years later in 2014 Bitstarz was launched. It was one of the first serious crypto online casinos which has been a big name to this day. Once the subject of conversation for nerds – crypto has went on the rise after 2015 when it has really gained mainstream popularity. After Bitstarz was born and their success was huge, everybody else wanted to join crypto gambling space.
Until that day we had a traditional casinos only, where credit cards, paysafecard, vouchers or e-wallets were available to pay in. And then all of a sudden another player joined this game – crypto. Thousands of different coins poped up and people started to not only gamble with buying crypto but also gambling with the crypto in the casinos. Which could make a double gamble in the end. You win in the casino, while your Bitcoin goes up in between, so we call it a double win!
What has fueled crypto casinos?
Traditional casino did not have any chance but to adapt to this new crypto landscape and to add it to their payment methods. With the rise of crypto, there was something else that put the fuel in the casino machinery. The rise of crypto millionaires. Over the night there was a lot of people making a lot of money. And this easy money was also easy to spend, especially for those who were gamblers before. That also helped for the crypto casino industry to gain such growth since crypto money was and still is pouring like crazy. Let us dive more into the main differences between Crypto Casinos vs. Traditional Online Casinos.
How Stake destroyed the casino industry
When talking about crypto casinos we can not proceed without mentioning Stake. Founded in 2017 this online crypto casino is one of the biggest casinos in the world, and that has happened in a span of only few years. Billions of dollars are poured into Stake and with Stake having so much money it was easy for it to destroy the whole industry. With so much power and money, Stake easily set their own rules in the casino industry, bought all of the influencers and promotors and basically everyone else has to follow it.
Speed & Convenience: Which One Wins?
Lets talk a bit about differences in speed and convenience between classic fiat payment methods versus crypto.
If you come to a crypto casino unprepared and want to start depositing, it will require some work and you will lose some nerves – trust us. This is because you will need to open a crypto wallet firstly and deposit funds into it. After your funds arrive, which could take a while, you need to buy the cryptocurrency with it. Then you are all set to start depositing in a crypto casino.
So in this case, if you do not have crypto wallet ready, the traditional casino will fit you more as it will be more convenient. Basically you just log in, choose credit card, bank transfer or e-wallet and your deposit will be there in a couple of minutes.
But if you have crypto wallet with cryptocurrency in it ready, then this method could be also a convenient one to use.
How fast are crypto deposits compared to fiat deposits?
Crypto deposits are usually processed in a couple of minutes time, and the processing time can depend on the crypto currency selected and the total amount of it. Crypto runs on a blockchain and each transaction needs to be confirmed with a couple of blocks before it lands on the wallet.
Fiat payment methods such as credit cards and ewallets or vouchers can be faster compared to a crypto one. Fiat methods will appear on your balance instantly once your deposit is processed, so from this point of view we can say that most of the fiat methods are faster to deposit in a casino.
Then we have also one method which we left out and that is bank transfer. Those are a bit more complicated as they can be instant sometimes, but on the other hand they can also take hours or days. This pretty much depends on your bank.
Success rate with crypto deposits versus fiat deposits
Now this is a topic we like to talk about. One thing where crypto really stands out is a success rate. If you manage to execute the crypto deposit process correctly your crypto deposit will work every single time.
Just make sure that you enter the correct wallet address, otherwise your deposit might get lost.
Compared to a fiat deposits, especially the credit cards which could have high fail rate, crypto will land on your balance every time.
So based on that crypto deposits have won.
But there is one thing which is a down side of crypto deposits, and those are the lost deposits. In case you are not careful enough when using crypto addresses you might send your crypto to a wrong address. That means in practice that your money is lost, as it is most likely not possible to recover it.
Anonymity & Security: How Do They Compare?
Another benefit of crypto casinos is their security. Although Crypto casinos might not require KYC procedures, the crypto itself offers security and anonymity. This is perfect for anyone who does not want to share their ID or credit card image to a third party such as casino.
Playing with crypto is completely anonymus as long as the casino does not require KYC check on you. This is a lot different from traditional casinos where they are obliged to do a KYC check on you, at least when it comes to withdrawals.
With crypto casinos this should not be a problem, basically you enter your crypto wallet addres and once it is confirmed you will receive your money there.
Security – Crypto vs Traditional casinos
Both type of casinos should be secure, although nothing can be really secure since hackers are always a step ahead. So let us check what happens in a case of a hackers breach into a casino database.
In every traditional casino they will find a bunch of players information such as credit cards, personal info, and ID images. So this can be a big problem.
While if they breach into a crypto casino where KYC is not mandatory, hackers will not find much except for your personal info and your wallet address. So based on that you risk less in a crypto casino then in a traditional one.
Crypto Casinos vs. Traditional Online Casinos: Bonuses & Promotions
When crypto casinos took over the world, they also came with a bang. One thing crypto casinos were able to stand out is their bonuses. Crypto casinos tend to offer high and attractive bonuses compared to traditional casinos.
Since crypto casinos have lower operating fees they are able to give out better promotions as the traditional casinos. This makes them highly attractive for the players.
Crypto bonuses and cashback
Most of the crypto casinos offer special bonuses on your crypto deposits. Those bonuses are usually higher than the normal welcome bonus.
Besides that there can be also a crypto cashback, where you can receive higher cashback if you deposit with crypto.
Nowadays online casinos mostly operate with both fiat and crypto payment methods, so the line between traditional and crypto casinos is a bit more blurred. Because of that also the promotions become highly competitive, so we advise you to do a research in order to claim the best bonuses available. Usually are the pure crypto casinos those that offer the most crazy welcome bonuses. But beware of the terms and conditions, always read those first before you get caught in a trap if the bonus sounds to good to be true!
Crypto Casinos vs. Traditional Online Casinos: Game Selection
Once it comes to game selection there should not be much difference between traditional and crypto casinos. Although there might be big differences anyway.
If we take a look at a big crypto casino such as Stake or BC.Game or Gamdom you will notice that there is a lot of games available. Basically the same number than in the traditional casinos.
But if you decide to play in any smaller or newer crypto casino you might be lacking a selection of games. But this does not apply to small or new crypto casinos only, that is also pretty common in traditional smaller casinos.
So take our piece of advice and aim for any of the well known crypto casinos to enjoy in a wide selection of games available. Big casinos will also tend to offer their own branded games, which even expands the overall selection of games.
So to conclude this, is there any big difference regarding the games in both types of casino? The answer is no, the number of games will more depend on a size of casino, then on their primary payment method.
Crypto Casinos vs. Traditional Online Casinos: Withdrawal Limits & Fees
Crypto payments come with the fees. That is for sure, so we have to keep in mind that each deposit that we will make in a crypto casino will be charged with the fees from the exchange or our wallet.
Same thing can apply for the withdrawals from the casinos, however there is one difference here. Some of the crypto casinos will cover your withdrawal fees on their own, while in others you will be charged those crypto fees. We advise you to check in the casino terms and conditions how they handle withdrawal and deposit fees.
In traditional casinos you will most likely not be charged any fees on deposits with fiat methods, however it can also happen sometimes that there can be fees on credit card deposits. Again this can differ from a casino to a casino.
Withdrawal and deposit limits
One really good thing about crypto, especially if you are a high roller is the no deposit limit per transaction. That means that you can deposit 20k,30, 50k or more per crypto transaction.
On the other hand you can not deposit that much per one transaction in traditional fiat casino, since there are limits imposed per transaction. So mostly you can deposit like 5.000€ maximum with credit card for example.
Same thing goes for withdrawals, as usually crypto withdrawals have much higher limits than the normal fiat casinos, and faster processing times.
From what we have tested we found out that with crypto you are able to perform one withdrawal in amount of 5.000€, while the same amount for credit card withdrawal will have to be broken down into 5x.1000€ withdrawals.
Real Examples: How Crypto Casinos Stack Up Against Fiat-Only Platforms
Now let us take two examples, one crypto casino and one so called traditional casino.
Traditional type of casino – Videoslots
The best example of traditional casino is VideoSlots. Videoslots has been established back in 2011 and is still avoiding to onboard crypto payment methods. This once really popular online casino could be in trouble in our opinion as it feels outdated today. The overall design looks like we are still stuck in 2011 and with competition nowadays its hard to compete with that. Videoslots for example welcomes you with 11 free spins on your first deposit.
Really? Eleven spins? It is impossible to compete with such offer nowadays compared with crypto casinos where they will throw hundreds of free spins at you like the money is not real. And then you get to a second welcome bonus which is 100% up to 200€. This one is kinda normal, but still too low for the modern world.
Crypto casinos – Stake, BC.Game, Gamdom, Bitkingz
Then we have an example of crypto casino such as Stake. Stake is currently the most popular crypto casino in the world despite throwing out crazy bonuses. In fact, we could not find any welcome bonuses at all. Only tournaments and raffles. On the other hand if we check their competition, BC.Game those guys went all in and are offering 11.000€ of welcome bonuses. That is much more than the traditional 100% up to 200€ right? The promotions are the biggest difference in favor of crypto casinos when comparing Crypto Casinos vs. Traditional Online Casinos.
The overall design of crypto casinos is sleek and clean, modern but not too busy. They tend to keep it pretty simple and that is all we need. Crazy selection of games are available in most of the crypto casinos, so its pretty logical why everyone is switching to those nowadays.
And to keep in mind crypto casinos most likely offer also traditional payment methods such as credit cards and bank transfers aswell. So from this point of view they are already one step in front of traditional ones.
Our selection of the best crypto casinos to play in
Up to
25% Rakeback.
High Roller Bonus.
Deposit bonus up to
180% Bonus
up to 20.000 USD.
Deposit bonus up to
100% Bonus
up to 2.500 EUR.
Crypto Casinos vs. Traditional Online Casinos Final Verdict: Which Casino Type Is Right for You?
So there is no right or wrong answer here. It all comes down to your own personal preferences. If you are savy in technology and keeping up with the newest trends then crypto casinos will fit you. If you prefer old school and traditional ways of playing in the casinos then traditional casinos will fit you more.
Definitely we can recommend playing at crypto casinos since they tend to be more modern and have better promotions overall. You just got to be careful to select the trustworthy one, since you do not want to stick at a crpto casino with low volumes where your withdrawals might get stuck on pending. Choose big crypto casinos where cash flows like crazy and you are good to go. Same goes for the traditional casinos, as long as you stick to the licensed and reputable casinos you have nothing to be afraid of. We hope that this article has helped you to learn what are the main differences between Crypto Casinos vs. Traditional Online Casinos.
Crypto Casinos vs. Traditional Online Casinos: Frequently asked questions
What are the main differences between crypto casinos and traditional online casinos?
Crypto casinos primarily use cryptocurrencies like Bitcoin and Ethereum for transactions, offering enhanced privacy and faster processing times. Traditional online casinos rely on fiat currencies and conventional payment methods, which may involve longer transaction times and more stringent verification processes.
Are crypto casinos more secure than traditional online casinos?
Crypto casinos leverage blockchain technology, providing a transparent and tamper-proof record of transactions, which enhances security and fairness. Traditional online casinos use SSL encryption and other security measures to protect user data. Both can be secure, but the decentralized nature of blockchain offers an added layer of protection
Do crypto casinos offer better bonuses and promotions?
Many crypto casinos provide generous bonuses, such as deposit matches and free spins, often with lower wagering requirements. This is partly due to lower transaction costs associated with cryptocurrencies. Traditional casinos also offer promotions, but they may come with higher wagering requirements.
