Discover the best online crypto casinos in Germany! Welcome bonuses, reload bonuses and crypto bonuses are waiting for you.
Gaming platforms have adapted relatively quickly to this epoch-making change and have integrated cryptocurrency payments and deposits into their payment systems. Today, there are Bitcoin and crypto casinos based entirely on this elusive currency. In this article we will present to you the positive and negative factors of crypto casinos, keeping it realistic.
Cryptocurrencies, the innovative digital currency of our modern age, started their career in 2009. Bitcoin burst onto the financial market as a pioneer, causing some confusion and panic among the major powers. The power of the digital currency lies in the word 'digital', which translates quite simply to the fact that this fictional currency has never existed in physical reality as cash.
The gambling industry reacted quickly to the financial world of cryptocurrencies, and immediately discovered the potential of digital coins, therefore cryptocurrency casinos were launched in the early 2010s. A decade has passed since then, but still, we need to be very careful with these types of currencies.
Why? First of all, they are unpredictable, so the cryptocurrency casinos that rely on them can be too. So it’s important to carefully research the security of a crypto casino and to study the principles of how cryptocurrency works. Of course, there are also some best crypto casino sites in Germany that are proven to be reliable.
Hence, due to the high level of anonymity and transparency in Bitcoin casinos (BTCCasino for short) and crypto casinos, they are increasingly finding their way into the hearts of players in Germany. The number of internet casinos that work with a crypto payment service provider are still small, but growing each day.
They may seem a bit complicated, but there is no need to be too intimidated. The set-up for cryptocurrency casinos is the same as for traditional online gaming platforms, except for financial transactions, as both the stakes placed on the games and the payout of winnings are made in cryptocurrency.
There are also casinos that accept FIAT currencies in addition to cryptocurrencies, meaning you can make deposits and withdrawals with 'real' money. These casinos can also be called cryptocurrency casinos. The difference between a crypto casino and a BTCCasino is that a crypto casino accepts more than one cryptocurrency, while a BTCCasino accepts only Bitcoin.
A BTCCasino operates with an internal online wallet. So when you sign up to an online casino, you automatically get a ‘storage space’ to upload your balance there. The value of your winnings is also deposited in this safe provided by the casino, and you can withdraw this money at any time, but beware as cryptocurrency casinos like to limit the amount you can withdraw not only in Germany, but everywhere.
Bitcoin (BTC for short) is the mother of all cryptocurrencies and was traded for the first time in 2009. It immediately started to attract attention, most notably in recent years, so its market value has risen sharply. Therefore it has the highest market capitalization of all cryptocurrencies, including Ethereum and Litecoin.
It’s based on blockchain technology, that is nothing more than blocks of data that are linked together like a chain. The special thing about it is the transparency of the traded currency at all times. Hence cryptocurrencies, including BTC can also be viewed as an investment, but due to constant trading, they are subject to strong fluctuations in value. This can work to the advantage or disadvantage of investors, gamblers and BTCCasinos.
A Bitcoin casino is an online casino in which the BTC cryptocurrency is offered for making deposits and withdrawals.
It would be a lie to tell you that all of these casinos are dangerous. They do have a lot of doubt around them, because of the fluctuations that surround the cryptocurrencies, which can lead to plenty of payout loopholes. This is why you need to be well informed, so you can find the best crypto casino in Germany.
There are also many strengths to a crypto gaming platform. These include:
There are other benefits once you're involved, but these are the most common.
In my opinion, anyone entering the virtual doors of a Bitcoin casino, even if it’s the best crypto casino in Germany, should be a little suspicious. I say this, because these casinos are the easiest place for fraudsters to hide.
So let's take a look at the weaknesses of online cryptocurrency casinos:
Remember, the above is based on worst-case scenarios and you should not worry if you choose a casino that is licensed.
An advantage to play with cryptocurrencies in a best crypto casino is the high level of security and speed of transactions, for one. The payment system is independent of all banking institutions. And many gamblers prefer to play in complete anonymity, and by using cryptos, their identity can remain unrecognised.
Furthermore, withdrawals with cryptos are very fast compared to other financial transactions. This is a big plus point in favour of using cryptocurrencies, after you found the best crypto casino in Germany for yourself.
The basics of how to find the best crypto casino are the same as for an online casino. That is, the first and most important thing to check is whether it has a gaming licence from an official gaming authority.
After that, you should check what payment options it offers, whether it works with prominent game developers, the size and quality of its game menu, and whether the bonuses offered by the casino are good deals (for this, it is essential to read the bonus terms and conditions, as the minimum deposits and wagering requirements are described there). You can check out for example the next online casinos:
These casinos are a great choice for new and old players too. They offer really great welcome bonuses also.
Crypto casinos are often associated with fraud, but in terms of security, there is currently little on the market that compares to a blockchain-regulated cryptocurrency. You also have an investment at your disposal by using cryptos.
The use of cryptos as digital currencies are legal in Germany and are already widespread. The legality can vary depending on the gaming licence, but the general use of the method itself is legal.
However, as cryptos are by no means offered for payments in all online casinos in Germany and fluctuations can make it difficult to use, it’s always advisable to know alternative methods. Be careful and if you are planning to play at an online casino of this type, you should carefully research whether the gaming platform you have chosen is trustworthy.
In 2021, Germany legalises gaming and online casinos, and with them cryptocurrencies that since then can also be traded without restrictions. This means that a crypto casino in Germany that owns a licence from a prominent gaming authority, is legal.
Provided the crypto casino you’re eyeing has a valid licence, you can rest assured that it’s both secure and reputable. In addition, the cryptocurrency BTC is considered highly secure and is strictly regulated by the blockchain, so if you also find this type of cryptocurrency in the casino, that means extra safety.
Yes, it is possible, whether it's a platform that only offers sports betting or a digital casino with a sportsbook section, paying with cryptocurrency is possible in both online spaces in Germany. This is because sports betting is part of gaming and is therefore treated in the same way by online gaming platforms in terms of payment options.
Cryptocurrency casinos regulated by gaming authorities are required to follow AML and KYC regulations and these must be transparent to all their users. They are also audited by independent third-party firms to verify that they have adequate cybersecurity measures in place.
Bitcoin was the first cryptocurrency to appear on the market, making it the most easily accessible today. Other cryptocurrencies based on blockchain technology include Ethereum, Tether, Bitcoin Cash, Litecoin and Dogecoin. Litecoin originated from Bitcoin.
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