Who Should Make Use of This Crypto Gambling Sites Comparison?
This comparison is aimed at anyone that wants to take advantage of the broad range of benefits that crypto offers bettors. Using Bitcoin or altcoins at online casinos and betting sites essentially cuts out the middleman. It means you send your funds direct to the operator, without having to worry about handling fees or conversion fees. That makes transactions quick and efficient, while also bringing the costs down.
This guide is perfect for seasoned online bettors that want to switch from dollars to crypto when banking with gambling sites. It is also aimed at newcomers to the world of online betting. We will explain how to sign up for an account at an online casino and how to fund your account using Bitcoin, Ethereum or another cryptocurrency.
If you know very little about crypto, this guide will explain how to buy digital tokens, how to keep them safe and how to make deposits. If you are a seasoned crypto investor, this guide will help you identify the best crypto gambling sites for your particular needs.
How to Identify the Best Crypto Gambling Sites in Australia
The best crypto gambling sites all share a number of key attributes:
Quick and Free Transactions
Crypto allows for extremely quick peer-to-peer transfers, so deposits should arrive almost instantly in your account. Withdrawals should also be rapid, as it takes a matter of minutes to transfer from one wallet to another. Some sites are pretty slow to process withdrawal requests, so you should stick to those that send you the money you have requested within a couple of hours. You should not have to pay any deposit or withdrawal fees when banking with Bitcoin or another cryptocurrency at an online gambling site either.
Game Quality and Variety
The best online casinos offer a broad range of high-quality games for you to choose from. That should include 3-reel slots, 5-reel slots, 3D slots, progressive jackpots, table games, speciality games and various live dealer games. They should feature titles from the leading software providers, such as Microgaming, Playtech and Evolution Gaming. Online sports betting sites should cover a large number of sporting events, both pre-match and in-play, while providing a wide array of betting markets on each event and offering features like live streaming, bet builders and cash out.
Strong User Experience
The best Bitcoin gambling sites are laid out in a clear format and easy to navigate. The design should be clean and free of clutter. They should provide you with educational materials and helpful features. You should also benefit from 24/7 customer service via phone, live chat or email.
There are several crypto gambling sites battling for your business, and many of them compete to offer the most attractive sign-up bonuses. A couple of sites cannot provide bonuses, because they are totally anonymous, but most sites that accept crypto and fiat currencies will offer bonuses. Some even provide higher bonuses for crypto users in order to encourage you to use them. The best sites offer a reload bonus, exciting ongoing promotions and a loyalty program too.
The best online casinos display the RTP (return to player) rate on each of their games, and they feature lots of games with a high RTP or a large potential jackpot. The leading sports betting sites consistently offer above-average odds and sometimes provide market leading prices on certain markets. You should not have to settle for substandard odds at a crypto gambling, because the operators save money by using crypto as opposed to dollars, and they should really pass on at least some of those savings to punters.
Editor’s Recommendation – The Best Crypto Gambling Sites in Australia
Casinonic makes a strong choice for any punters seeking an online casino that accepts Bitcoin and Bitcoin Cash. It offers a large suite of high-quality games from the world’s leading software providers, including Microgaming, Netent, Betsoft, Quickspin and Classic Play.
You can play all manner of pokies, including progressive jackpots offering large payouts, plus table games, video poker and live dealer games.
This sits among the best Bitcoin gambling sites, because it follows a clean, uncluttered, intuitive design and provides robust security measures. Customer service is available 24/7, and it also accepts Visa, Mastercard and Neteller as banking methods if you want to use AUD alongside BTC and BCH.
Casinonic offers a 100% welcome deposit worth up to $500, with a 50x wagering requirement that must be used within seven days. Pokies count 100% towards fulfilling wagering requirements. You will receive a 50% bonus on your next nine deposits, with up to $5,000 in bonus cash available for new customers. There are weekly promotions too.
Other high-quality crypto gambling Australia sites include King Johnnie, Zwin, Pokies Parlour and PlayCroco. You can also check out 1xBit.com, which accepts Bitcoin, Bitcoin Cash, Dash, Dogecoin, Ethereum, Litecoin, Monero, Ripple, Tron, Tether and Zcash.
The leading sports betting sites in Australia – the likes of TAB, Sportsbet, Bet365 and Ladbrokes – do not accept crypto. You need to look a little further afield to find highly-rated bookies that accept Bitcoin and other cryptocurrencies.
YouWager is a pretty good online betting site that welcomes Australian players and accepts crypto. The layout is a little basic, but it offers attractive odds on a wide range of sports. Nitrogen Sports is another excellent sportsbook for crypto users. It is totally anonymous, so you will not benefit from any bonuses, but the odds are reasonably good, the list of sporting events covered is broad and it also offers poker and a casino.
How Our Experts Test Crypto Gambling Sites
Our experts sign up for accounts with all the cryptocurrency gambling sites that target Australian players. They test the speed, ease and security of the registration process, make sure any bonuses are working properly and deposit money into an account using Bitcoin, Ethereum, Bitcoin Cash or another altcoin.
They will assess the overall quality of the user interface on a number of different platforms. The best crypto gambling sites are optimised for mobile use on any iPhone, Android or Windows Phone device, and also run smoothly on a desktop. They should run on high-quality software, look attractive and offer simple, effective navigation.
Our experts examine the level of transparency each gambling site provides. Casinos should display the RTP of each game, along with clear instructions on how to play. They should be licensed and regulated by a respected licensing authority, and use the latest SSL encryption software to keep your details safe, while displaying a clear commitment to responsible gambling.
The reviewers are also looking for excellent game variety and quality, covering pokies, table games, live dealer games, scratchcards, keno and more. They will play a broad range of games to check the graphics are clear, there are no glitches and that the RNG appears to be working fairly.
They will interact with the customer service team, assess waiting times and mark the general helpfulness and knowledge of the staff. They will make withdrawals and assess the speed with which the money arrives, and the ease of the process.
Once our expert reviewers have compiled all of this information, we are able to compare the various different Bitcoin gambling sites against one another. We can then recommend the best in the business to our readers, giving you the best possible chance of having fun and hopefully winning some cash in the process.
We regularly update our guide, as we know how regularly crypto gambling sites launch. We also continually review the operators featured, ensuring they maintain elite standards. You should therefore return to this page on a regular basis to ensure that you are always aware of the best crypto gambling sites.
Finding the Best Crypto Gambling Sites for You
Each crypto gambling site has different strengths and weaknesses. You should work out your priorities as a gambler, the games you prefer to play, the size of your bankroll, and the level of online wagering you plan to enjoy, as that will help you find your perfect match.
Ask yourself a series of questions. Are you looking for a casino, a sports betting site, an online poker room, or all three merged into one? Do you want to bet on a broad range of sports, or just a few? Do you prefer pokies, or are you more into live dealer play? What is your preferred cryptocurrency and does the gambling site accept it? Do you want to use dollars at certain times alongside crypto? What is more important to you – a generous welcome bonus, or consistently good odds on a long-term basis?
Once you answer these questions, you will be able to identify the best crypto gambling site for your particular needs. Some sites have a narrow range of slots, but a large and vibrant live dealer section. Others have more than 1,000 pokies, but no live dealer games. Some welcome high rollers and offer VIP loyalty programs, whereas others are better for casual players that want low minimum bets at tables.
You might also consider signing up for accounts with multiple crypto gambling sites. This allows you to claim multiple bonuses, and it means you have a broader range of games and wagering opportunities at your disposal.
Benefits of Using Cryptocurrency for Online Gambling
Using cryptocurrency for online gambling offers a wealth of benefits:
Crypto transactions are extremely quick, as they are decentralized and simply involve sending money from one wallet to another on a peer-to-peer basis. You can therefore send money directly to a crypto gambling site operator, without having to go through a traditional financial institution. This is reasonably helpful for deposits, and extremely helpful for withdrawals. You might have to wait up to five business days to receive a standard withdrawal in dollars, but crypto withdrawals often arrive on the same day they are requested.
Crypto is a very secure means of sending money to a crypto gambling site and receiving funds from your account. Only you and the gambling site will ever have the wallet addresses, so there is no risk of transfers being intercepted by hackers during the handling process. You do not need to input your bank details on web forms, as you just use a crypto wallet address instead.
Many bettors like using crypto for the anonymity it offers. That allows you to place wagers at betting sites based in any country around the world. Yet there are other key benefits to the sort of anonymity that sites like Nitrogen offer. It means you will not be bombarded with annoying marketing materials to your email address or phone. It also means a betting site cannot restrict you for success, as some bookies have been known to curtail winning players in the past.
Crypto transactions are generally much cheaper for betting sites to process. They do not need to pay handling fees, conversion fees and so on to banks, and only a miniscule fee goes to the miners, so it is a very cost-effective way for them to receive money. That should in theory allow them to pass at least some of those savings on to punters in the form of more attractive odds. They should also offer free crypto withdrawals.
How to Fund an Online Gambling Account with Crypto
Follow these steps to fund your account at an online casino or bookmaker with crypto:
- Choose one of the safe, secure, reputable, licensed sites recommended on this crypto gambling Australia guide.
- Click “Register”, “Sign Up” or “Get Started” at the top of the homepage.
- Enter any personal details required if it is not an anonymous crypto gambling site. You may also have to verify your email address and provide proof of identification and physical address for KYC (know your customer) compliance.
- When your account is set up, visit the cashier section of the site and click “Deposit”.
- Choose Bitcoin, Ether, Bitcoin Cash or another cryptocurrency when asked for a deposit method. Enter the amount you wish to deposit, and click to confirm.
- You will either be given a scannable QR code or a long address to copy.
- Head over to your crypto wallet (more information on wallet choices further down this article, and select “Send”. Either scan the QR code or paste the long address you copied from the cashier.
- Confirm the wallet address and confirm the transaction.
- The funds should arrive in your crypto gambling account within around 10 minutes to an hour, and you will receive the required blockchain confirmations. You can then start betting
Tips for Mitigating Risk
The volatility of Bitcoin and other cryptocurrencies is the main concern for bettors. If it rises in value, your winnings will be boosted. However, if the price drops significantly in the time it takes for you to place your bets and make a withdrawal, that will significantly eat into your winning margins.
You might therefore decide to regularly place bets, withdraw any winnings on the same day and quickly convert to AUD in order to protect yourself from any wild swings. You can also opt for a stablecoin like Tether if the betting site accepts it, as that is supposed to track the US dollar and it should not be too prone to large fluctuations against the Australian dollar.
Another major risk involves entering the incorrect wallet address, as there is generally no way to retrieve your money once it is gone. You can mitigate this by carefully double checking you have entered the correct address before confirming any transaction.
Best Cryptocurrencies to Invest In
The best cryptocurrency you can buy for online gambling has to be Bitcoin. It is the most widely accepted cryptocurrency at online betting sites, and it is on sale at all cryptocurrency exchanges. Bitcoin is the world’s largest cryptocurrency by a considerable margin, and it has numerous real world uses.
Ether, the native token on the Ethereum blockchain, is the second largest cryptocurrency, and many betting sites also accept it. You will often find Bitcoin Cash listed as a payment method too. This is a spin-off from Bitcoin, designed to facilitate quicker transfers on larger blocks. Litecoin is also accepted at many gambling sites.
Other altcoins that you might be able to use include Dash, Dogecoin, Monero, XRP, Tron, Tether and Zcash. All altcoins are highly speculative and volatile, so make sure you do your research and read crypto reviews before deciding which cryptocurrencies to invest in.
How to Buy Crypto
You can buy crypto currency online at a number of established cryptocurrency trading sites. They include Coinbase, Binance, Kraken and Gemini. Each site has its strengths and weaknesses. For example, Coinbase charges higher trading fees than some of its rivals, but it offers a very slick user experience and it is great for beginners. Binance is cheaper for trading, it offers more altcoins and it provides more advanced analytical tools, but it charges high withdrawal fees for Bitcoin.
Once upon a time, it was more cost-effective to get involved in crypto mining than to buy crypto online. However, mining has become increasingly difficult and competitive, meaning the market is dominated by large mining pools and companies. You either have to invest in a lot of expensive, noisy hardware and join a pool, or rent out hash power from a cloud mining provider, which eats into any potential margins you will make. You are probably better off simply buying crypto online.
Where to Store Crypto
It is generally not advisable to store your crypto at an exchange or at a web-based wallet, as that leaves you vulnerable to hackers. You should quickly move your crypto off the exchange by sending it to your own wallet. You can download a free wallet that sits on your desktop or mobile, but it is a lot safer to invest in a hard, offline, hardware wallet.
If you store your crypto offline, it means that it cannot be compromised by hackers. You can opt for a simple paper wallet, but that could easily be lost or damaged. A hard wallet by Trezor or Ledger requires an initial investment, but it is worth it in order to keep your money safe and secure. You can then send money from Bitcoin wallets to a Bitcoin casino quickly and easily.
Conclusion – Choosing the right crypto gambling sites for your needs
There are a number of compelling reasons to use cryptocurrency as your banking method at online betting sites. It is generally quicker, simpler and cheaper to choose Bitcoin or an altcoin over a fiat currency like AUD. However, only a fraction of the online casinos and bookies available to Australian players accept crypto, so you have to work harder to find the best crypto gambling sites Australia.
If you stick to the sites listed on this page, you will be assured of a high-quality experience. Some offer higher bonuses than their rivals, while others provide superior game quality or broader game variety. Work out your key priorities and sign up for multiple accounts.
You can then buy crypto at a reputable exchange that charges reasonable fees, and send it to a hard wallet that offers cold storage. Use your wallet to quickly fund your account, enjoy playing a variety of games, and then quickly convert any winnings back to AUD if you want to avoid any sharp fluctuations in the value of cryptocurrencies like Bitcoin and Ether.