Cryptocurrency payments allow anonymous and secure transactions on the Internet, which is why many users switch to this method of payment. Below is a list of online casinos for cryptocurrency with instant withdrawal and the use of digital coins to fund your account. This list expands as the owners of gambling sites expand the available set of payment systems and add modern tools in the form of altcoins to traditional methods of account replenishment.
History of Bitcoin Casino
The first cryptocurrency casinos began to appear in the early 2010s, when there was a worldwide boom in popularity to everything connected with digital money. It was then that the first operators offered their customers to play online casinos for bitcoins with a bonus. The uniqueness of the offer was that at the peak of the demand for cryptocurrency, the player earned not only on bets, but also on the constantly increasing rate of the coins.
Features of the working Bitcoin online casinos
Due to the technological imperfection of the sites, the introduction of a new way to make deposits and withdraw winnings took place in several stages:
- Operators announced the possibility to deposit tokens – the conversion of digital coins to the currency of the account – rubles, dollars, euros, etc. Withdrawal was carried out in the currency of the account.
- At some sites appeared an opportunity of cryptocurrency account maintenance. Now all calculations were made in tokens, but bets in gambling games were still made after conversion into fiat money.
- The first slot machines accepting bitcoin and satoshi slots in crypto casinos appeared. This led to a revolution in the gambling industry – now customers could switch completely to tokens without losing on the exchange rate difference during conversion.
Initially, all schemes were only tested on bitcoin (BTC), as it was the first blockchain platform, and others began to appear only since 2013. Over time, ether (ETH), litecoin (LTC), ripple (XRP) and other tokens were added to the list of available altcoins for account management.