Stablecoins

Using Stablecoins for Sports Betting Bankroll Management

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Bankroll management has been always linked with long-term success in sports betting.

You may be following the tipsters, you may be creating your own models, or you may just be struggling to stay disciplined, but how you spend your money is frequently as important as the bets themselves.

Over the last few years, stablecoins have begun to be used by some bettors. Although many bettors are doing quite well with traditional tools, in some cases it could help to make things a little more streamlined.


Introduction to Stablecoins and Their Significance

Stablecoins are a category of cryptocurrencies, the value of which is supposed to remain constant, and it is normally pegged to a fiat currency, such as the US dollar.

The most used are the USDT (Tether), USDC and DAI. They do not change their price as intensively as Bitcoin or Ethereum.

This gets rid of one of the biggest drawbacks of crypto use for bettors. When you bet using a volatile coin and the price declines, then your bankroll is hurt regardless of whether you win a bet or not. Such a problem does not exist with stablecoins.

This is further applicable when you are already delving into crypto-friendly websites or attempting to learn more about crypto casinos, where stablecoins are usually the most used method of making payments on websites that accept them.


Practical uses of Stablecoins

To most bettors, bankroll management is not only important for the bets themselves, but also for real-life situations like moving money around between accounts, employing a large number of tipsters or arranging funds.

Some practical work can be done by stablecoins:

  • Handling various bookmakers: If you are betting in several different places, fast transfers are vital.
  • Timing your bets effectively: When time is of the essence, quicker deposits mean you’re less likely to miss suggested odds.
  • Having a bankroll system in place: This makes it easier to keep betting money and personal money apart.

This is by no means revolutionary, but it reduces friction.


The Core Advantage: Consistency

Most staking plans are founded on consistency. Be it fixed staking or a percentage of your bankroll, the point is that the size of your unit is constant.

Stablecoins help you:

  • Keep a relatively constant amount of bankroll.
  • Be less worried about massive market swings in determining stakes.
  • Adhere to outcomes in the long term.

This simplifies the process of making a judgement on whether a strategy or a tipster is really profitable.


Quick Processing and Fewer Hold-ups

One of the more noticeable benefits is transaction speed. Conventional means are at times slow, especially when making payments to some bookmakers or international transactions.

With stablecoins:

  • Taking deposits is generally quicker in comparison with conventional banking procedures, based on the network.
  • Quicker and predictable withdrawals can be made.
  • Moving money between accounts has fewer delays.

This could make bankroll management with multiple accounts easier on a day-to-day basis.


Charges and their Long-term Effect

Fees are easily forgotten, but they add up. You may be transacting with:

  • Currency conversion costs.
  • Payment processing fees.
  • Withdrawal charges.

In numerous situations, stablecoins can save some of these expenses based on the network you utilise – in particular, when you transact money regularly. 


Potential Risks

Stablecoins, similar to any other financial instrument, have certain risks and restrictions.

Not Necessary for Everyone

Cards, bank cheques or e-wallets are quite satisfactory to many gamblers. Stablecoins are more of a convenience than a need.

Platform Differences

Not all bookmakers accept stablecoins, and the cost and policies to conduct business could be varied, so it is best to inquire before getting into it.

Stablecoin Reliability

Minor deviations can be experienced, although they are expected to be constant and in exceptional cases, a few coins have been temporarily de-pegged. By sticking with popular choices, this risk is minimised.

User Mistakes

Crypto transactions are irreversible. Even minor mistakes such as a wrong wallet address cannot be undone.


Final Thoughts

Stablecoins will not make an unlucky gambler a winner. The basics – value, discipline and sensible staking – are much more important than the tools you employ.

That said, stablecoins have the potential to reduce some of the bankroll management headaches for bettors who already have a structured approach. The faster transfers (depending on the network), the further differentiation of funds and, perhaps, a reduction in the costs, make the process even smoother.

They are not essential but may be a convenient addition – especially when you are constantly moving money about or when you are working more than one betting scheme at a time.

 

 

bitcoin against a deck of cards with poker chips on table

Top Modern Crypto Casinos Ranked by Security, Speed, and Rewards

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The crypto casino industry has grown. Players don’t just want Bitcoin deposits anymore. They want proof of licensing, fast cash-outs, clear bonus rules with low wagering, and loyalty programs that actually pay off beyond the first week.

Looking at a site through three lenses at once tells you way more than just checking the welcome offer.

We’re talking security (real licensing, encryption, fair play verification), speed (how fast your money moves, how many coins they accept), and rewards (what the bonus structure looks like, what wagering looks like, how the VIP tiers stack up).

Here’s what five modern sites deliver when you size them up this way. Remember, online gambling isn’t legal everywhere.

You’re responsible for checking your local rules before signing up or depositing. Play responsibly, only bet what you can afford, and make sure you’re at least 18 years old.

How to Select the Top Modern Crypto Casinos

We scored each site on those three fronts: security features, payout speed, and reward value. All data came straight from site pages and independent reviews, current as of early 2026.

  • Licensing and Regulatory Jurisdiction: We checked for published license numbers from recognized gaming authorities, not just vague claims about being “licensed.”
  • Encryption and Security Infrastructure: We looked for SSL encryption, two-factor authentication, provably fair certification, and cold wallet storage, the four security standards crypto players actually care about.
  • Withdrawal Speed and Crypto Coverage: We documented how fast withdrawals are processed and how many cryptocurrencies each site supports, because those two factors decide how quickly and flexibly you can access your winnings.
  • Bonus Wagering Requirements: We examined wagering multipliers on welcome bonuses and promos, prioritizing zero or low requirements since those offer more real-world value.
  • VIP and Ongoing Rewards Program: We reviewed long-term benefits like rakeback, cashback, and loss rebates, since ongoing rewards show site quality far better than one-time sign-up bonuses.

List of the Top Modern Crypto Casinos

Here are the five crypto casinos we’re breaking down:

  1. JB Casino
  2. BiggerZ
  3. BC.Game
  4. mBit Casino
  5. JackBIT

Top Modern Crypto Casinos Ranked by Security, Speed, and Rewards

  1. JB Casino

  • License: Curaçao Online Gaming License OGL/2024/1519/0809; launched 2022; iTech Labs ISO/IEC 17025 certified, independent verification of game fairness and RNG integrity
  • Security: SHA-256 encryption; provably fair game system; 10,000+ games from 100+ providers; 80+ supported cryptocurrencies, widest crypto coverage on this list
  • Withdrawal Speed: 5–10 minute crypto withdrawals, confirmed fastest documented withdrawal time on this list
  • Welcome Bonus: 470% up to $4,000 + 400 free spins across first 4 deposits
  • Ongoing Rewards: Multi-tier VIP program with escalating cashback, reload bonuses, and priority withdrawals at higher levels

Casino Overview:
Since launching in 2022, JB Casino earned iTech Labs ISO/IEC 17025 certification, meaning an independent lab verified its game fairness and random number generator meet international standards.

If you start playing on this site, you can claim your JB casino bonus today and access a collection of 10,000+ games while using any of 80+ cryptocurrencies, the widest selection featured here. SHA-256 encryption protects transactions, and the provably fair system lets you check results yourself.

Withdrawals land in 5–10 minutes, the fastest processing time documented in this comparison. The welcome offer spreads 470% (up to $4,000) and 400 free spins across your first four deposits, backed by a tiered VIP program that rewards repeat play.

Best For: Players who want independently certified fairness (iTech Labs ISO/IEC 17025), the fastest documented withdrawals here (5–10 minutes), and the widest crypto selection (80+) in one place.

Standout Feature: iTech Labs ISO/IEC 17025 certification, paired with 5–10 minute withdrawals and 80+ supported cryptocurrencies, creates the strongest mix of verified fairness, payout speed, and crypto flexibility on this list.

  1. BiggerZ

  • License: Anjouan license ALSI-202504023-F11; launched 2025; 5,000+ games, including exclusive Originals titles not available on other sites
  • Security: SSL encryption; provably fair system; Anjouan-regulated operator with published license number
  • Withdrawal Speed: Instant crypto withdrawals; 11 supported cryptocurrencies
  • Welcome and Base Rewards: 5% daily rakeback, applied every day regardless of win or loss; available from day one without VIP tier requirement
  • VIP Reward: 50% loss rebate for VIP members, the highest loss recovery percentage on this list

Casino Overview:
BiggerZ came online in 2025, making it the newest entry here. It stands out with exclusive Originals games you won’t find anywhere else and a reward system that kicks in from your very first bet.

The 5% daily rakeback lands every 24 hours with zero wagering and no VIP level needed, so any player gets it right away.

VIP members get a 50% loss rebate, the highest recovery rate in this group. Instant crypto withdrawals work across 11 supported coins.

Best For: Players who want a fresh site with exclusive Originals games, immediate 5% daily rakeback from day one, and the highest VIP loss rebate (50%) on this list.

Standout Feature: 5% daily rakeback available to all players from day one (no VIP tier required) combined with a 50% loss rebate for VIP members, makes this the most rewarding ongoing structure for casual and high-volume players alike.

  1. BC.Game

  • License: Curaçao-licensed; established 2017, the longest-operating site on this list with zero confirmed security breaches since launch
  • Security: TLS 256-bit AES encryption + Cloudflare DDoS protection + 2FA; provably fair system; zero breaches documented since 2017
  • Withdrawal Speed: Fast crypto withdrawals; 150+ supported cryptocurrencies, the broadest crypto selection on this list
  • Welcome Bonus: 4-tier welcome package up to $20,000 total across first deposits
  • Ongoing Rewards: 140-level VIP program, the deepest tiered loyalty structure on this list; level-based cashback, reload bonuses, and exclusive high-roller benefits

Casino Overview:
BC.Game opened in 2017 under a Curaçao license and has run for eight years without a single confirmed security breach.

TLS 256-bit AES encryption, Cloudflare DDoS protection, and two-factor authentication guard the site, backed by provably fair systems.

With 150+ cryptocurrencies accepted, it offers the broadest coin range here, covering mainstream and niche altcoins alike.

The welcome package goes up to $20,000 across four deposit tiers, and the 140-level VIP program (the deepest loyalty structure featured) rewards steady play with rising cashback and high-roller perks.

Best For: Experienced crypto players and high-volume bettors who want the longest-established site on this list (2017), the broadest crypto selection (150+), a $20,000 welcome package, and the deepest VIP structure (140 levels).

Standout Feature: Zero security breaches since 2017, backed by TLS 256-bit AES encryption, Cloudflare DDoS protection, and 2FA, combined with support for 150+ cryptocurrencies and a 140-level VIP program, makes this the most battle-tested site featured.

  1. mBit Casino

  • License: Direx N.V., Curaçao; established 2014, second-longest operating site on this list
  • Security: SSL encryption; provably fair system; licensed through Direx N.V. Curaçao regulatory framework; 10+ years of operational track record
  • Withdrawal Speed: 95% of withdrawals processed in under 15 minutes; 10 supported cryptocurrencies
  • High-RTP Games: Bitty’s Blackjack Pro (99.23% RTP); Plinko mBit and Bitty’s Dice (99% RTP each), documented the highest-RTP proprietary games on this list
  • VIP Program: 10-level Stellar Club, level-based cashback, weekly reload bonuses, birthday bonuses, and a dedicated account manager at senior tiers

Casino Overview:
mBit Casino started operations in 2014 under Direx N.V., Curaçao licensing, making it one of the original dedicated crypto sites.

Over a decade of continuous operation backs a withdrawal record showing 95% of transactions processed under 15 minutes.

Its proprietary Originals catalog includes Bitty’s Blackjack Pro at 99.23% RTP and both Plinko mBit and Bitty’s Dice at 99% RTP, the highest documented return-to-player rates on proprietary games in this lineup. The 10-level Stellar Club VIP program delivers cashback, reload bonuses, and dedicated account management at higher tiers.

Best For: Players who value a decade-plus operating track record, 95% sub-15-minute withdrawals, and access to the highest-RTP proprietary casino games (99%–99.23%) documented on this list.

Standout Feature: Proprietary Originals with the highest documented RTP here (Bitty’s Blackjack Pro at 99.23%, Plinko mBit and Bitty’s Dice at 99%) backed by 10+ years of operation and a 95% sub-15-minute withdrawal track record.

  1. JackBIT

  • License: Ryker B.V., Curaçao Gaming Control Board, license OGL 2024 1800 1049; launched 2022; 7,000+ games, including full sportsbook, live casino, esports, and instant games
  • Security: 256-bit SSL encryption; 2FA; cold wallet fund storage; AI-enhanced fraud detection with behavioral pattern recognition; provably fair system
  • Withdrawal Speed: Crypto withdrawals processed within 1 day, typically within 1 hour; 17+ supported cryptocurrencies; no mandatory KYC for standard play
  • Welcome Bonus: 30% instant rakeback + 100 wager-free spins (code WELCOME, minimum $50 deposit, activate within 24 hours); sportsbook: 100% cashback on first lost bet
  • VIP Program: Rakeback VIP Club, up to 30% instant rakeback across 11 tiers (Rookie through Legend); no wagering requirement on rakeback; no cap on rakeback winnings

Casino Overview:
JackBIT launched in 2022 under Ryker B.V. and Curaçao Gaming Control Board license OGL 2024 1800 1049, combining a 7,000+ game library (slots, live casino, sportsbook, esports, instant games) with a security stack of 256-bit SSL encryption, 2FA, cold wallet storage, and AI-enhanced behavioral fraud detection.

No KYC is required for standard play or withdrawals, and crypto payouts typically land within one hour.

The welcome package includes 30% instant rakeback plus 100 wager-free spins, and the 11-tier Rakeback VIP Club offers up to 30% instant rakeback with no wagering requirement and no cap on winnings.

Best For: Players who want no-KYC access, AI-enhanced security, a combined casino and sportsbook under one license, and instant rakeback with no wagering requirements from day one through an 11-tier VIP program.

Standout Feature: AI-enhanced fraud detection with behavioral pattern recognition layered over 256-bit SSL, 2FA, and cold wallet storage, combined with no-KYC standard play and a wager-free rakeback VIP program with no cap on winnings across 11 tiers.

Factors to Consider When Choosing a Modern Crypto Casino

Lack of Regulatory Protections

It is important to note that most crypto casinos operate outside traditional gambling regulators like the UK Gambling Commission (UKGC).

This means:

  • No guaranteed adherence to fairness or consumer protection rules
  • Reduced player fund protection
  • No access to independent dispute resolution (e.g. IBAS)
  • Limited oversight on how games are run – no independent testing requirement (unlike UKGC-certified RNG audits)

Many are licensed in offshore jurisdictions (e.g. Curaçao), which offer far weaker enforcement than UK or EU regulators. 

Whilst there are benefits to using crypto casinos, players should also be aware of these risks.

Verify the License Number, Not Just the Licensing Claim

A casino saying it’s “Curaçao licensed” without showing a specific license number isn’t giving you verifiable proof.

Always match the named operator and license number to what’s published on the casino’s About or Terms page before putting money down.

Calculate the Real Value of a Welcome Bonus After Wagering Requirements

A big welcome bonus with a 40x wagering requirement can deliver less usable value than a smaller bonus at 0x.

Divide the bonus amount by the wagering multiplier to see how much of your own cash you’ll need to cycle through before withdrawing any bonus-related winnings.

Match Crypto Coverage to Your Preferred Coin

Not every crypto casino supports every coin.

If you hold ETH, SOL, XMR, or less common altcoins, confirm the site explicitly lists your coin for both deposits and withdrawals before registering.

Test Withdrawal Speed with a Small Deposit Before Committing

Published withdrawal speed claims are best checked yourself.

Make a small first deposit and process a test withdrawal before placing larger bets, since actual processing times can differ from what’s advertised.

Evaluate the VIP Program for Long-Term Play, Not Just Sign-Up Value

A VIP program rewarding consistent play with rakeback, cashback, or loss rebates adds up significantly over time.

Check whether the program’s ongoing rewards connect to realistic wagering thresholds or demand unreachable volume before delivering any real benefit.

Final Thoughts

The most telling filter for choosing a crypto casino isn’t the size of the welcome bonus.

It’s the combination of a verifiable named license, a documented withdrawal track record, and an ongoing rewards structure delivering real value across regular play, not just your first deposit.

Verify the license number independently, test withdrawals before committing large deposits, and calculate the actual usable value of any bonus after applying wagering requirements.

Always deposit only what you can afford to lose, confirm that gambling is legal where you live, and use site-provided responsible gambling tools proactively.

These steps protect your experience and your bankroll.

 

Crypto Casinos – Best Bitcoin & Altcoin Casinos in 2026

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Over the past few years, crypto casinos have become one of the fastest-growing areas of the online gambling industry.

What began as a niche concept used mainly by cryptocurrency enthusiasts has evolved into a global sector attracting millions of players.

The appeal is easy to understand. Crypto casinos combine the excitement of traditional online gambling with the speed, privacy, and global accessibility of digital currencies like Bitcoin and Ethereum.

Instead of relying on banks, card payments, or e-wallets, players can deposit and withdraw funds directly using cryptocurrency.

Transactions are often faster, fees can be lower, and players may enjoy a greater level of anonymity.

But like any emerging sector, crypto casinos also raise questions. Are they safe? How do they work? What are the advantages and risks compared with traditional online casinos?

In this guide, we’ll explain everything you need to know about crypto casinos, including how they operate, why they are growing so quickly, and what players should consider before using them.

What Are Crypto Casinos?

Crypto casinos are online gambling platforms that accept cryptocurrencies as a payment method for deposits, wagers, and withdrawals.

Instead of using traditional currencies like pounds, euros, or dollars, players use digital assets such as:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Tether (USDT)
  • Dogecoin (DOGE)
  • Other altcoins

Some crypto casinos operate exclusively with cryptocurrency, while others allow players to use both crypto and traditional payment methods.

The main difference lies in how payments are processed. In a traditional casino, transactions pass through banks or payment processors.

In a crypto casino, payments are sent directly via the blockchain, the decentralised ledger technology that powers cryptocurrencies.

This can make transactions quicker, more transparent, and potentially cheaper.

How Crypto Casinos Work

At their core, crypto casinos operate similarly to conventional online casinos. Players create an account, deposit funds, choose games, place bets, and withdraw winnings.

However, the payment process works differently.

1. Creating an Account

Most crypto casinos allow users to create an account quickly. Some require minimal personal information, while others have full identity verification depending on regulations and licensing.

2. Depositing Cryptocurrency

Instead of entering card details or bank information, players send cryptocurrency to the casino’s wallet address.

For example:

  • A player chooses Bitcoin as their deposit method.
  • The casino generates a unique wallet address.
  • The player sends BTC from their crypto wallet.

Once the transaction is confirmed on the blockchain, the funds appear in the casino account.

3. Playing Casino Games

Players can then use their crypto balance to wager on games such as:

  • Slots
  • Blackjack
  • Roulette
  • Poker
  • Live dealer games
  • Crash games
  • Dice and other provably fair games

Many crypto casinos offer thousands of games through established gaming software providers.

4. Withdrawals

Withdrawals work similarly to deposits. The player requests a withdrawal to their crypto wallet, and the casino sends the funds through the blockchain network.

Depending on the cryptocurrency used, withdrawals can be processed within minutes.

Why Crypto Casinos Are Growing So Fast

The popularity of crypto casinos has expanded rapidly over the past decade. Several factors explain why they are attracting both experienced gamblers and new players.

Faster Payments

Traditional casino withdrawals can take days due to banking processes and security checks.

With cryptocurrency, transactions can often be processed much faster. Some crypto casinos offer near-instant withdrawals, particularly when using faster blockchain networks.

Lower Fees

Bank transfers, card payments, and currency conversions often involve fees.

Cryptocurrency payments typically involve lower transaction costs, especially for international users.

Global Accessibility

One of the biggest advantages of crypto casinos is that they are not tied to traditional banking systems.

This allows players from many different countries to access gambling platforms more easily.

For people in regions with restricted banking access or limited payment options, cryptocurrency can provide a practical alternative.

Increased Privacy

Some players prefer the greater privacy offered by crypto transactions.

While blockchain transactions are publicly recorded, they are usually linked to wallet addresses rather than personal identities.

As a result, some crypto casinos allow players to gamble without providing extensive personal information.

Innovation and New Game Types

Crypto casinos have also introduced new types of games that do not exist in traditional casinos.

These include:

  • Crash games
  • Blockchain-based lotteries
  • Dice games with transparent odds
  • Provably fair gambling systems

These formats appeal to players who enjoy fast-paced games and transparency around results.

Understanding “Provably Fair” Gaming

One concept frequently associated with crypto casinos is provably fair gaming.

Provably fair systems use cryptographic algorithms to prove that game outcomes are random and have not been manipulated.

Here’s a simplified explanation of how it works:

  1. The casino generates a secret server seed.
  2. The player generates a client seed.
  3. Both values are combined with a cryptographic function.
  4. The outcome of the game is determined from this calculation.

Because the process is verifiable, players can check whether the result was genuinely random.

This system is particularly common in crypto-native games such as:

  • Dice
  • Crash
  • Plinko
  • Coin flip

Provably fair gaming has helped crypto casinos build credibility among players who value transparency.

A smartphone screen shows a cryptocurrency wallet with a visible Bitcoin balance, highlighting the digital assets held by the user. This image represents the growing trend of crypto gambling and online casino games, emphasizing the convenience of managing Bitcoin transactions on mobile devices.

Top 5 Crypto Casinos in 2026

Selecting our top crypto casino sites involved evaluating several key factors: licensing status, cryptocurrency support, withdrawal speed, game library depth, bonus fairness, and whether players can realistically access and use the platform in early 2026.

We’ve focused on established operators with track records rather than fly-by-night operations. Each casino was assessed on real-world performance, not just marketing claims.

Important disclaimer: None of these casinos hold a UKGC licence. UK players using these sites are gambling on an offshore basis without UK regulatory protections. You have no recourse to UK ombudsman services if disputes arise.

Please note we have no affiliation to nor do we endorse any of the operators listed. Information is for educational purposes only.

1. BC.Game – Established Global Crypto Casino with Huge Game Library

BC.Game has been operating since around 2017, making it one of the most recognisable crypto gambling sites worldwide.

Licensed in Curaçao, it’s built a solid reputation over nearly eight years of continuous operation—an eternity in the crypto casino space.

The welcome package is structured across multiple deposits, typically totalling up to 5 BTC or $20,000+ equivalent across four deposits.

Wagering requirements sit in the 40x-60x range, which is standard for crypto casinos if somewhat higher than decent UKGC offers.

Key facts:

  • Licence: Curaçao eGaming
  • Games: 8,000+ including slots, live dealer tables, BC originals
  • Welcome bonus: Multi-stage package up to 5 BTC across four deposits
  • Cryptocurrencies: 100+ supported including BTC, ETH, LTC, DOGE, USDT
  • Typical withdrawal: Minutes once KYC complete (often light for small amounts)

The massive game library includes slots from tier-one providers, live dealer tables from Evolution and Pragmatic Play, plus proprietary provably fair titles like Crash, Plinko and Dice.

For sports betting fans, there’s a comprehensive sportsbook covering Premier League football, Champions League, horse racing and tennis with competitive odds, in-play betting and early cash-out options.

BC.Game processes 24/7 crypto withdrawals typically within minutes once any KYC requirements are satisfied. UK-friendly features include GBP display options and reliable processing during UK waking hours.

The provably fair house games allow you to verify every outcome via cryptographic hashes—a level of transparency that most traditional casinos simply can’t match.

That said, BC.Game remains unlicensed by the UKGC. UK players use it at their own risk, with no access to UK dispute resolution services.

2. Lucky Block – Hybrid Fiat & Crypto Casino Accessible from the UK

Lucky Block launched in 2022 with a Curaçao licence, positioning itself as a hybrid platform accepting both traditional payment methods (Visa, bank cards) and cryptocurrencies including BTC, ETH, LTC, USDT and XRP.

This flexibility makes it accessible to players who might be dipping their toes into crypto gambling for the first time.

The typical welcome offer includes a match bonus up to 200% plus 50-100 free spins, along with 20% cashback for the first seven days on losses.

These figures change regularly, so verify current terms before depositing.

Key facts:

  • Licence: Curaçao
  • Games: 4,000+ from Pragmatic Play, Hacksaw Gaming, Nolimit City, Evolution
  • Welcome bonus: Up to 200% match plus free spins and 7-day cashback
  • Cryptocurrencies: BTC, ETH, LTC, USDT, XRP plus fiat options
  • Typical withdrawal: 10-20 minutes via crypto

The casino games library spans 4,000+ titles from respected providers, while the sportsbook covers football, horse racing, cricket and MMA markets.

Simple registration, GBP equivalent display, and crypto withdrawals often clearing in under 20 minutes make it genuinely UK-friendly.

Responsible gambling tools include deposit limits, loss limits and self-exclusion options—though these fall short of UKGC standards.

There’s no GAMSTOP integration, and disputes won’t reach a UK-regulated ADR provider.

The site works smoothly on both desktop and mobile devices, with a clean interface that doesn’t overwhelm new users.

Live chat is responsive, typically connecting within a few minutes during peak UK hours.

3. Mega Dice – Telegram-First Bitcoin Casino for Fast, Mobile Play

Mega Dice emerged around 2023 as a newer entrant with an interesting twist: you can play directly via Telegram bot without logging into a full website.

It holds a Curaçao licence and focuses heavily on Bitcoin and stablecoin play.

The welcome package targets high rollers, offering up to 200% match plus 50 free spins totalling $1,000+ equivalent.

The platform leans into quick, mobile-first gambling—which cuts both ways for UK players.

Key facts:

  • Licence: Curaçao
  • Games: 2,000+ slots and live casino titles
  • Welcome bonus: Up to 200% match plus 50 free spins
  • Cryptocurrencies: BTC and stablecoins primary focus
  • Typical withdrawal: Under 30 minutes post-basic KYC

The game selection covers 2,000+ slots and live casino games, with rapid deposits and withdrawals the main selling point.

Telegram integration means UK bettors can place quick bets on their phone without full website logins—convenient, but this also makes it dangerously easy to lose track of time and spending.

Basic KYC triggers typically apply to larger withdrawals or when AML red flags appear. Once verified, withdrawals usually process within 30 minutes.

However, Mega Dice’s quick-access nature heightens overspending risks. You can place bets in seconds without the friction that sometimes serves as a natural brake.

Critically, Mega Dice is unregulated by the UKGC. UK players have no recourse to UK ombudsman services if a dispute arises—you’re entirely reliant on the operator’s goodwill and their offshore regulator’s limited oversight.

 

4. Wild.io – Crypto-Only Casino Focused on Provably Fair Gaming

Wild.io launched around 2022 as a crypto-only platform with a Curaçao licence and a strong emphasis on provably fair mechanics.

If transparency and verifiable fairness matter to you, this one deserves attention.

The welcome package offers up to 400% in matched deposits across your first four deposits, maxing at around $10,000 plus 300+ free spins.

Wagering requirements typically fall in the 35x-50x range.

Key facts:

  • Licence: Curaçao
  • Games: 3,000+ with heavy slot focus plus live dealer
  • Welcome bonus: Up to 400% across four deposits, max ~$10,000 plus 300+ free spins
  • Cryptocurrencies: BTC, ETH, LTC, DOGE with low minimums
  • Typical withdrawal: Often within an hour, network conditions permitting

Supported coins include Bitcoin, Ethereum, Litecoin and Dogecoin with notably low minimum deposit levels—making it accessible for UK players wanting to test with small amounts before committing larger bankrolls.

The game library spans 3,000+ titles with a heavy slot focus, good live roulette and blackjack coverage, plus in-house Crash and Mines style games that are fully verifiable.

The loyalty scheme includes rakeback, weekly 15% cashback and tiered VIP benefits.

What sets Wild.io apart is its transparency tooling. Hash checkers and seed controls let you independently verify game outcomes—a significant improvement over the opacity of many traditional casinos where you’re simply trusting third-party auditors.

Provably fair technology means you can regenerate and verify results yourself rather than taking the casino’s word for it.

Withdrawals typically process within an hour depending on network conditions.

For UK players who value verifiable fairness over regulatory protection, Wild.io represents a reasonable trade-off.

5. CoinCasino – Privacy-Heavy Bitcoin Casino with Big Welcome Bonus

CoinCasino has grown rapidly as a privacy-focused platform, sometimes accessible via Telegram, with an offshore licence (typically Anjouan or Curaçao).

The headline welcome bonus is attention-grabbing: 200% BTC match up to $30,000 plus 50 free spins, with ongoing weekly cashback up to 25%.

Key facts:

  • Licence: Anjouan/Curaçao
  • Games: 4,000+ including slots, live dealer, Crash, Plinko, poker
  • Welcome bonus: 200% BTC match up to $30,000 plus 50 free spins
  • Cryptocurrencies: BTC, ETH, USDT and other major coins
  • KYC policy: Minimal until higher withdrawal thresholds

The platform emphasises privacy features: minimal sign-up data requirements, wallet-based deposits using only a wallet address, and delayed KYC until you hit higher withdrawal thresholds.

For anonymous crypto casinos, this is about as streamlined as it gets.

The game library includes 4,000+ titles spanning slots, live dealer games, Crash, Plinko and poker across BTC, ETH and USDT.

Greater privacy comes with less regulatory oversight. UK readers should treat large balances cautiously and withdraw profits frequently rather than letting them accumulate.

The reduced oversight means disputes are harder to resolve and fund recovery is essentially impossible if something goes wrong.

Best for: UK players who prioritise anonymity and huge bonus ceilings, but fully accept the risks of offshore play with minimal regulatory protection.

The image features a colorful stack of casino chips beside Bitcoin and Ethereum coins, all set on a vibrant gaming table, symbolizing the intersection of traditional casino games and modern crypto gambling. This visual represents the growing trend of online casinos that accept cryptocurrencies for gaming transactions.

Pros and Cons of Crypto Casinos 

Crypto casinos can offer genuine advantages in speed and flexibility, but they also introduce risks that simply don’t exist with conventional online casinos under proper regulation — e.g. UK Gambling Commission UKGC rules for UK casinos.

Understanding both sides helps you make an informed decision.

Pros

  • Near-instant deposits and fast withdrawals: While a typical UKGC casino bank card withdrawal takes 2-5 working days, BTC withdrawals clear in 10-30 minutes. Lightning Network or Solana transactions can complete in seconds.
  • Larger, more generous bonuses: Crypto casino sites routinely offer 300-500% match bonuses versus 100-200% at typical fiat sites. Whether these represent good value depends on wagering requirements.
  • Access when UK banks block gambling transactions: Many UK banks restrict transfers to gambling sites. Using crypto via a regulated exchange bypasses this friction entirely.
  • Provably fair games: Cryptographic verification lets you check every roll, spin or crash outcome yourself—transparency that traditional online gambling platforms cannot match.
  • Low fees on efficient chains: Sending DOGE costs pennies. USDT on Tron is under $0.01. Compare this to card processing fees that casinos typically absorb but ultimately pass to players.
  • Global sports markets: Access bookmakers offering markets that UK-focused sites might not cover, with competitive odds on football, horse racing and international sports.

Cons

  • No protection in disputes: Offshore crypto gambling sites don’t participate in Alternative Dispute Resolution (e.g. IBAS in the UK). If something goes wrong, you’re on your own.
  • Not part of GAMSTOP: Most crypto casinos aren’t linked to the UK’s self-exclusion scheme. If you’ve self-excluded, these sites won’t block you.
  • Crypto price volatility: A £500 Bitcoin deposit could be worth £450 or £550 by the time you finish a session. Stablecoins like USDT mitigate this but introduce other risks.
  • Tax complexity for frequent traders: While casual gambling winnings are generally tax-free, frequent wallet-to-wallet movements or high-volume play may trigger Capital Gains Tax reporting obligations.
  • Exposure to scam operators: The offshore, lightly-regulated nature of many crypto gambling sites means untested operators can disappear with player funds.
  • Irreversible transactions: Send crypto to the wrong address and it’s gone forever. No bank to call, no chargeback to request.

For responsible gambling support, UK players should know that GAMSTOP, GamCare and BeGambleAware are UKGC-exclusive services.

Offshore crypto casinos do not honour these self-exclusions, so you’ll need to rely on personal safeguards like sterling budgeting before conversion, wallet transaction exports, and device-level blocking software.

Supported Cryptocurrencies at Crypto Casinos

While Bitcoin remains the original cryptocurrency, most 2026 crypto casinos support a wide basket of coins.

Some are better suited to UK bettors than others, depending on your priorities around speed, fees and stability.

Bitcoin (BTC): The original and most widely accepted. Ten-minute block times mean slower confirmations, and fees typically run $1-5 during busy periods. Secure and universally supported, but not ideal for rapid micro-bets. Best for larger deposits where speed matters less.

Ethereum (ETH): Smart contract pioneer with lower fees post-Merge, typically $0.50-2 via Layer 2 solutions like Base. Volatile for gambling balances but widely supported. Best for players already holding ETH who want to avoid conversion.

Tether (USDT): USD-pegged stablecoin available on Ethereum, Tron and Solana. Eliminates volatility concerns—your balance won’t swing while you bet. Fees under $0.01 on Tron make it ideal for UK players avoiding GBP swings without wanting BTC exposure. Best for serious bankrolls where stability matters.

Litecoin (LTC): 2011 Bitcoin fork with 2.5-minute blocks and fees around $0.01. Reliable middle ground for mid-sized bets—faster than BTC, more established than newer chains. Best for £100-500 deposits seeking speed without stablecoin complexity.

Dogecoin (DOGE): One-minute blocks and ultra-low fees under $0.001 make it perfect for small, rapid deposits. Best for casual play under £100 where transaction costs need to be negligible.

XRP: Ripple’s token offers 3-5 second settlement with near-zero fees. Fast and cheap, though less universally supported than BTC or ETH. Best for players prioritising pure speed.

Solana (SOL): High-throughput chain with 400ms blocks and fees under $0.0001. Rising popularity for Crash games, though occasional network outages create reliability concerns. Best for players comfortable with newer technology.

Stablecoins (USDT/USDC): These merit special mention for UK players. While USD-pegged rather than GBP, they eliminate the daily price swings that can erode a BTC bankroll.

If you’re betting £500 worth, you want it to still be worth £500 when you cash out—regardless of what Bitcoin does overnight.

Some casinos accept high-volatility meme coins like SHIB or PEPE.

These can be fun for micro-stakes, but keeping serious bankrolls in more established assets makes sense.

The volatility that makes meme coins exciting for traders makes them poor gambling bankrolls.

Important: Buying crypto directly through casino gateways often incurs 5-10% fees.

Players are better served using FCA-regulated exchanges like Coinbase UK or Kraken (typically 1-2% fees) then transferring to the casino at network cost only.

Game Selection at Crypto Casinos

Top crypto casinos in 2026 now rival or beat traditional UK sites in terms of game depth and variety. The days of crypto gambling meaning a handful of dice games are long gone.

Modern crypto casino games span everything from slot machines to live dealer tables to sports betting markets.

Traditional slots and jackpot slots: Expect 2,000-8,000+ slot titles at leading sites, with RTPs typically ranging 95-98%.

Progressive jackpots from major providers mean life-changing wins are possible, though the odds remain the same as any legitimate casino.

High-volatility options from Nolimit City and Hacksaw Gaming sit alongside steadier picks.

Table games: Roulette games, blackjack, baccarat and casino hold’em are standard offerings.

You can play table games with stakes from pennies to high betting limits depending on the table.

RTP on well-implemented games matches or exceeds traditional casinos.

Live dealer games: Evolution, Pragmatic Play Live and other major providers offer live dealer games streamed 24/7 with GMT-adjusted schedules.

Players can find English-speaking dealers at any hour. The experience mirrors what you’d find at UKGC-licensed sites—professional studios, multiple camera angles, real cards and wheels.

Crypto-native titles: This is where bitcoin casinos genuinely differentiate.

Crash games let you watch a multiplier climb until it “busts”—cash out before the crash and you win, stay too long and lose your stake.

Mines, Plinko and Dice games offer similar mechanics with provably fair technology allowing independent verification of every outcome via cryptographic hashes and seed checks.

Sports and esports betting: Major crypto sportsbooks match Bet365 and similar UK bookies for coverage.

Football markets span Premier League to Champions League to international competitions.

Horse racing coverage for UK meetings, cricket, tennis, MMA and esports betting round out the offering. Odds typically show 95%+ RTP, competitive with traditional bookmakers.

Lottery games and different casino games like video poker expand the selection further. Most sites optimise for desktop and mobile devices, with instant-play browser access rather than downloads.

What defines a top-tier crypto casino library:

  • 3,000+ games minimum
  • 20+ providers including tier-one names
  • High-RTP options (96%+ average)
  • Live lobbies open 24/7 GMT
  • Provably fair originals with verifiable outcomes
  • Demo modes for testing before real-money play

Crypto Casino Bonuses and Promotions

Many crypto casinos advertise eye-watering welcome bonuses—400% up to $10,000 sounds incredible. But the small print determines whether these represent genuine value or elaborate marketing.

Main bonus types:

  • Welcome match bonuses: First deposit matched at 100-500%, sometimes across multiple deposits
  • Free spins: Bonus spins on specific slots, usually with wagering attached
  • Reload bonuses: Ongoing deposit matches for existing players, typically 50% weekly
  • Rakeback/cashback: Percentage of losses returned, often 10-25%
  • VIP tiers: Loss rebates and perks scaling with volume
  • Sports free bets: Stake-back offers on specific markets

Understanding wagering requirements:

Let’s work through a concrete example. A deposit bonus of 100% up to £500 at 40x wagering means:

  • You deposit £500, receive £500 bonus
  • Total wagering required: £500 × 40 = £20,000
  • You must wager £20,000 before withdrawing bonus funds

Compare this to decent UKGC-licensed offers at 25x-35x wagering.

Crypto casinos typically run higher—35x-60x is common. The headline bonus looks bigger, but extracting value requires significantly more play.

Realistic terms matter more than headline numbers:

  • Game weightings: Slots typically count 100%, table games often only 10%
  • Max bet caps: Usually £5/spin during bonus wagering
  • Time limits: 7-30 days to complete wagering before expiry
  • Non-withdrawable until cleared: Bonus funds locked until requirements met

Here at Honest Betting Reviews we test bonuses during live trials, tracking whether stated terms match actual experience.

We’ve found max bet caps enforced inconsistently, game weightings buried in lengthy terms, and time limits that make completion unrealistic for casual players.

The best crypto casinos offer bonus wagering that’s challenging but achievable. The worst wave massive numbers that exist purely for marketing—nobody completes 80x rollover on a 400% match.

Quick Answer: Are Crypto Casinos Legal and Safe for UK Players?

Each country has its own rules when it comes to crypto casinos, but let’s address the elephant in the room when it comes to UK players.

Under the Gambling Act 2005 and subsequent updates through the Financial Services and Markets Act 2023, cryptocurrency deposits are explicitly classified as “money’s worth.”

This means any operator legally targeting UK residents must hold a UK Gambling Commission (UKGC) Remote Operating Licence.

The practical reality? Almost no pure crypto-only casinos hold a UKGC licence.

Those that do operate as hybrids—they convert your crypto to GBP equivalents immediately upon receipt, impose the same stake limits and verification requirements as traditional online casinos, and integrate with GAMSTOP for self-exclusion.

You’ll also face 15-45 minute regulatory clearance delays even on fast networks like Lightning.

Despite this regulatory framework, many UK players still access offshore crypto casinos licensed in Curaçao, Anjouan or Malta. Sites like BC.Game or Lucky Block operate outside UKGC protections entirely. This means:

The legal reality in the UK:

  • Operators need UKGC licensing to legally market to UK residents
  • Pure crypto casinos operating offshore are technically unlicensed for UK play
  • Using unlicensed sites isn’t a criminal offence for players, but you lose all regulatory protections

What UK players actually do:

  • Access Curaçao-licensed crypto casinos without issue
  • Accept the trade-off of no Alternative Dispute Resolution (ADR), no affordability checks, and no GAMSTOP integration
  • Take personal responsibility for bankroll management and dispute resolution

How to Choose the Best Crypto Casino

Bettors should look past flashy bonuses and consider licensing, withdrawal reputation and long-term trust.

A 500% bonus means nothing if you can’t actually withdraw winnings.

Priority checklist for evaluation:

  • Licence and jurisdiction: Curaçao is minimum standard; Anjouan or unlicensed is higher risk
  • Track record: How long operating? Launched 2020+ with clean history beats 2024 newcomer
  • Player reviews: Search “[site name] withdrawal problems” and check forums like AskGamblers
  • Game providers: Tier-one names (Evolution, Pragmatic Play) indicate legitimacy
  • Withdrawal times: Test with small amounts before large deposits
  • KYC policy: Understand when verification triggers (often larger withdrawals or AML flags)
  • Responsible gambling tools: Deposit limits, loss limits, self-exclusion options
  • Customer support: Test live chat responsiveness before committing funds

Practical verification checks:

  • Search “casino name + scam” and “casino name + withdrawal” before depositing
  • Verify SSL encryption (padlock icon, HTTPS)
  • Test live chat with a question before depositing—response under 5 minutes is acceptable
  • Make a small test deposit and withdrawal (£50-100) before sending serious funds
  • Check transparent terms pages exist (not just marketing copy)

UK-specific risk factors:

Choosing an offshore crypto casino versus a UKGC brand like Bet365 or Betfair means accepting fundamentally different risk levels:

  • No GAMSTOP participation—self-exclusion won’t block access
  • No UK Alternative Dispute Resolution—disputes resolve through offshore regulator (if at all)
  • No affordability checks—nobody stopping you from depositing beyond your means
  • No segregated player funds requirement—your balance may be commingled with operating funds

This doesn’t make crypto casinos inherently bad, but it means taking personal responsibility that UKGC regulation otherwise handles for you.

A person is focused on researching various online gambling options on their laptop, with a notepad and phone beside them, possibly exploring different casino games, including bitcoin casinos and traditional online casinos. The scene suggests an interest in crypto gambling and the best crypto casino sites for a comprehensive gaming experience.

UK Regulations, Tax and Responsible Gambling with Crypto Casinos

Understanding the regulatory landscape helps UK players make informed decisions about where and how they gamble online with cryptocurrency.

The regulatory framework in 2026:

The Gambling Act 2005 remains the foundation, with the Financial Services and Markets Act 2023 clarifying that cryptocurrency deposits constitute “money’s worth.”

Operators targeting UK residents need UKGC licensing—there’s no special crypto exemption.

Many crypto casinos avoid this by operating offshore and not offering UK-specific banking or marketing.

They accept UK players who find them, but they don’t actively solicit UK business in ways that trigger licensing requirements. This grey area persists, though enforcement has tightened since mid-2025.

The FCA’s 2026 crypto regime:

The Financial Conduct Authority now oversees stablecoin issuance, custody and trading under full authorisation (replacing earlier AML registration).

Exchanges face capital reserve requirements and market abuse monitoring.

The Travel Rule requires exchanges to transmit user identity data for transfers over £1,000 GBP equivalent—effectively eliminating anonymous play on compliant platforms.

Tax treatment for UK players:

  • Casual gambling winnings: Generally not taxable—HMRC treats gambling wins differently from investment gains
  • Crypto trading gains: Capital Gains Tax applies if you’re trading between coins speculatively
  • The grey area: Frequent wallet-to-wallet movements or high-volume play may trigger CGT reporting obligations, especially from January 1, 2026 when new crypto firm mandates require detailed transaction reporting

If you gamble significant sums in volatile crypto assets or move funds regularly between wallets and exchanges, speaking to a UK tax adviser is worth the cost.

The line between “gambling winnings” and “trading gains” isn’t always obvious.

UK support tools and organisations:

  • GAMSTOP: National self-exclusion scheme—now attempting wallet-linking for licensed sites, but offshore crypto casinos don’t participate
  • GamCare: Free counselling and support for gambling problems
  • BeGambleAware: Information, advice and support resources
  • National Gambling Helpline: 0808 8020 133

The critical point: most offshore crypto casinos are not linked into GAMSTOP. Self-excluding there won’t block access to Curaçao-licensed bitcoin gambling sites.

Practical safeguards:

  • Set a sterling budget before converting to crypto—decide your gambling bankroll in pounds, not coins
  • Export transaction history from wallets regularly for your records
  • Use deposit limits where available, even if not mandatory
  • Consider device-level blocking software if self-control is a concern
  • Treat crypto gambling separate from investment portfolios

How to Start Gambling with Crypto Safely (Step-by-Step)

If you currently bet in GBP with traditional online gambling sites and want to try crypto casinos, here’s a practical process that minimises risk while you learn.

Step 1: Research and select a reputable crypto casino

Use the criteria above to evaluate options. Prioritise operators with 3+ years of operation, positive withdrawal reports, and tier-one game providers. BC.Game’s eight-year track record, for example, provides more confidence than a site launched last month. Check our reviews for current assessments of payout reliability and bonus fairness.

Step 2: Create your casino account

Registration at most crypto casinos requires only an email address initially. New crypto casinos may offer wallet-connect options for even more streamlined signup. Avoid sites demanding extensive personal information upfront—legitimate KYC triggers when you withdraw, not when you register.

Step 3: Set up a secure crypto wallet

You need somewhere to hold your crypto before sending it to a casino. Options include:

  • Hot wallets (online): MetaMask, Trust Wallet—convenient but connected to internet
  • Cold wallets (offline): Ledger, Trezor—more secure for larger amounts

For gambling bankrolls, a hot wallet is typically sufficient. Keep amounts modest and never store your entire crypto portfolio where you’re actively gambling.

Do: Enable 2FA on your wallet, use a strong unique password, back up your seed phrase on paper stored securely offline.

Don’t: Share your seed phrase with anyone, ever. No legitimate service security verification will ever ask for it. Store seed phrases digitally or in cloud storage.

Step 4: Buy crypto from a regulated UK exchange

Use FCA-registered exchanges like Coinbase UK or Kraken rather than buying directly through casino gateways. Exchange fees run 1-2% versus 5-10% through casino buy buttons.

For your first attempt, buy £50-100 worth of a straightforward coin like USDT or LTC. This is enough to test the process without significant risk.

Step 5: Make a small test deposit

Send your crypto to the casino’s deposit address. Triple-check the address before confirming—crypto transactions are irreversible. Wrong address means lost funds with no recovery option.

Wait for blockchain confirmations (varies by network—check the casino’s requirements). Your balance should credit within minutes for most coins.

Step 6: Play conservatively and claim any bonus

Place small bets initially. If you claimed a welcome bonus, understand the wagering requirements before you start. Check game weightings and max bet caps to avoid accidentally voiding your bonus.

Step 7: Verify withdrawal functionality

Before depositing more, withdraw a small amount (£20-50) back to your wallet. This confirms:

  • The casino actually processes withdrawals
  • You’ve entered your wallet address correctly
  • Any KYC requirements are completed
  • Approximate processing time for future withdrawals

Expect 10-60 minutes for most crypto withdrawals at reputable sites.

Step 8: Scale gradually based on proven performance

Only after successfully completing 2-3 deposit and withdrawal cycles should you consider larger amounts. Enable any available deposit limits as a safety net. The verification successful message on your account should give you confidence before increasing stakes.

Critical safety notes:

  • Enable 2FA on both casino and exchange accounts
  • Use a password manager with unique passwords for each site
  • Start with amounts you can afford to lose entirely
  • Network fees exist—factor them into your bankroll planning
  • Malicious bots and phishing sites target crypto users; always verify you’re on the genuine casino URL

Frequently Asked Questions about Crypto Casinos 

Are crypto casinos legal (for UK residents)?

Using offshore crypto casinos isn’t illegal for individual UK players, but the operators themselves aren’t licensed to serve UK customers. This means you gamble without UKGC protections—no ombudsman, no mandatory dispute resolution, no GAMSTOP integration. The legal burden falls on operators, not players, but the practical risk falls entirely on you.

Can UK banks block transfers to crypto exchanges?

Some UK banks restrict gambling-related transactions and occasionally flag crypto purchases. However, FCA-registered exchanges like Coinbase UK generally process purchases without issues. If your bank blocks a direct exchange purchase, alternatives include using a different bank account or peer-to-peer purchasing. Bank transfers to regulated exchanges rarely trigger blocks since you’re buying an asset, not gambling directly.

Do I have to complete KYC at crypto casinos?

Policies vary. Many kyc crypto casinos require verification before processing larger withdrawals—typically triggered around $2,000-5,000 or when AML flags appear. Some kyc casinos require it upfront. Verification casinos usually request ID documents, proof of address, and sometimes source of funds documentation. Best no kyc casinos may accept smaller withdrawals without verification but will eventually require it for significant amounts.

How fast are withdrawals compared to UK bank cards?

Dramatically faster. UKGC casino card withdrawals typically take 2-5 working days. Crypto transactions complete in 10-60 minutes for most coins once casino processing begins. Lightning Network or stablecoin withdrawals on fast chains can clear in under a minute. This speed advantage is one of the main reasons UK players accept the regulatory trade-offs.

Which coins are best for low-fee gambling?

For small deposits under £100, DOGE and Litecoin offer minimal fees (under $0.01). USDT on Tron is excellent for larger amounts—fast and cheap with price stability. Avoid Bitcoin for frequent small transactions; network fees of $1-5 eat into modest bankrolls. Solana offers near-zero fees but occasional network congestion issues.

Can I use crypto at UKGC-licensed casinos?

Very limited options exist. Some UKGC operators have trialled crypto deposits, but the regulator’s caution means most mainstream UK brands rely on debit cards and e-wallets. Where crypto is accepted, it’s converted to GBP immediately with full KYC required—eliminating most speed and privacy advantages that attract players to crypto casinos in the first place.

Are provably fair games genuinely fair?

Yes, when implemented correctly. Provably fair technology publishes cryptographic hashes before each round, allowing players to verify outcomes weren’t manipulated. You can independently regenerate results using the server seed (revealed after betting closes) and your client seed. This mathematical verification is actually more transparent than traditional RNG systems audited by third parties like eCOGRA. The catch: you need to actually verify results, not just trust the “provably fair” label.

Will crypto gambling affect my credit file?

No. Crypto casinos don’t report to UK credit agencies, and crypto transactions don’t appear as gambling on bank statements (they show as transfers to/from exchanges). However, this cuts both ways—there are no affordability checks protecting you from overextending, and no paper trail that might prompt self-reflection about gambling volume.

What happens if I have a dispute with a crypto casino?

Without UKGC licensing, you have no access to UK Alternative Dispute Resolution services. Your options are limited to the casino’s internal complaints process and their offshore regulator (Curaçao’s gaming authority, for example). Resolution rates and timeframes vary wildly. For this reason, we recommend withdrawing winnings promptly rather than letting large balances accumulate at any single offshore site.

Are top bitcoin casinos the same as regular online casinos with crypto added?

Not quite. Many bitcoin casinos are crypto-native, built from the ground up around blockchain technology with provably fair games, instant withdrawals and privacy-focused registration. Others are traditional online gambling sites that added crypto as a payment option.

The crypto-native platforms typically offer better speed and transparency; the hybrids offer familiarity and sometimes better regulatory standing. Neither is inherently superior—it depends on your priorities.

Final Thoughts on Crypto Casinos

Crypto casinos offer UK players speed, flexibility and bonuses that traditional online gambling platforms struggle to match.

The trade-off is real: no UKGC safety net means you’re on your own if something goes wrong.

Disputes go unresolved, self-exclusion schemes don’t apply, and volatility can erode your bankroll overnight.

For players who understand and accept these risks, offshore crypto gambling provides a genuinely different experience.

Start small, verify withdrawals before committing serious funds, and never gamble more than you can afford to lose entirely.

 

 

 

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When Crypto Disappears: The Real Risks of Sending Coins to Unverified Casinos

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In April, a Reddit user posted about losing 2.3 Bitcoin, then valued at about $150,000, after making payments to a relatively obscure crypto casino that overnight disappeared.

This increasingly typical situation underscores the dangers that permeate the broad, rapidly changing crypto gambling landscape.

The Booming Crypto Casino Economy

The cryptocurrency gambling sector has grown by about 70% since 2020, building a $250 billion industry that still lures players with the assurances of privacy and convenience.

The growth has spawned hundreds of new sites, but the line between legitimate operators and elaborate scams gets more and more ambiguous.

“People are attracted to crypto gambling due to the anonymity and the potentially reduced house edges,” a digital currency security expert elucidates. “But the same anonymity provides the ideal setting for fraud.”

How Your Crypto Disappears

When depositing cryptocurrency to unverified casinos, there are a number of disastrous situations:

Exit Scams

Most fraud websites are temporary, and they accept deposits up to a certain amount before vanishing into thin air. Such operations usually rebrand and relaunch under new names, targeting another cryptocurrency community.

Rigged Games

Lacking regulation, unverified casinos can rig game results with opaque algorithms. Participants may enjoy wins in the beginning to invite greater deposits before the odds somehow change.

Wallet Redirection

Certain advanced scams use wallet address change malware that changes the casino deposit address to the scammer’s wallet address during the transaction.

Frozen Withdrawals

A classic tactic is to add impossible withdrawal conditions when accepting deposits. Players can be told they have to wager their deposit 50x before withdrawal or face unknown “security checks” that are never resolved.

Finding Safe Harbor: Verification Matters

Verification procedures are in place to save players from such predatory practices. Reputable crypto casinos generally provide:

  • Licensing from highly reputable jurisdictions such as Curaçao, Malta, or the Isle of Man
  • Clear ownership information with identifiable members
  • Third-party audited random number generators
  • Provably fair gaming algorithms
  • Established presence within the crypto gambling community

But how do players safely distinguish the legitimate from the scams? That question has spawned an industry of websites that specialize in reviewing crypto gambling websites.

These websites audit security protocols, test withdrawal procedures, and compile player experiences to provide overall safety ratings.

Red Flags That Must Stop You Cold

Several warning signs suggest that a crypto casino might not refund your coins:

Unrealistic Promotions: Promotions such as 500% deposit bonuses with minimal wagering requirements usually mask withdrawal impossibilities.

Anonymous Operators: Legitimate firms don’t hide who owns them.

Missing License Information: Large casinos state their licensing jurisdiction and license numbers prominently.

Limited Deposit Choices But Numerous Withdrawal Limitations: This kind of disequilibrium always suggests a one-way cash flow structure.

No Community Footprint: The older sites possess discussion threads, reviews, and social media presence spanning months or years.

Guarding Your Virtual Assets

When venturing into crypto gambling, several precautionary steps can significantly reduce risk:

Research prior to depositing. One option is to check review sites to see casino legitimacy from various sources. Also, test with small amounts.

Initially, only deposit what you’re comfortable losing completely, perhaps 0.001 BTC or equivalent, just to test the withdrawal system.

Confirming addresses manually can be a solution. Manually confirm deposit addresses instead of depending on copy-paste features.

Always verify cold storage policies. Trustworthy platforms hold 95 % of funds in cold storage and maintain publicly transparent reserve verification.

And last but not least, look for fair technology. This enables you to confirm that game outcomes weren’t manipulated.

The Regulatory Horizon

The crypto gambling industry operates in a regulatory grey area that’s ever more coming into clarity. Authorities like Curaçao have developed bespoke licensing regimes for crypto gambling operations, while others have prohibited such ventures outright.

Websites that operate under these new regulatory frameworks tend to have more protections than their completely unregulated cousins, but they are still not subject to the same general oversight as traditional gambling.

The promise of crypto gambling, convenience, possibly more favorable odds, and anonymity, warrants a huge risk when dealing with untested sites.

By doing your homework on casinos, playing with small deposits first, and watching out for red flags, you’ll mostly eliminate the risk of your crypto vanishing into the ether.

Keep in mind that there is no “undo” in crypto transactions and no central authority to call upon in case something goes wrong. Your security relies on you taking the time to verify.

 

Crypto Gambling Regulation: What’s Legal, What’s Not?

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Photo by Drew Rae via Pexels 

Crypto gambling is taking the online gaming world by storm, with digital currencies shaking up the casino scene.

With perks like quick transactions and more privacy, it’s easy to see why players are ditching traditional payment methods for crypto.

But here’s the catch: the legal side of things is a bit of a mess. Some countries support this form of gaming, while others are still debating or banning it.

In places where it’s allowed, crypto slots have quickly become a favorite, but operators have to keep up with rapidly changing laws to stay compliant.

What Crypto Gambling Is and Why It’s Popular

Crypto gambling means betting or playing casino games using digital currencies like Bitcoin instead of traditional money. Its popularity stems from several key benefits:

  1. Faster transactions: Crypto deposits and withdrawals are processed much quicker than traditional banking methods. This allows players to access their winnings almost instantly.
  2. Lower fees: Unlike credit cards that often chip away at your balance with hefty charges, virtual currency transactions typically come with minimal costs.
  3. Global access: Crypto gambling sites are available everywhere and skip past the usual banking and currency rules. This allows players from around the world to join in on the action.
  4. High level of privacy: Since digital currency transactions don’t need a lot of personal info, players get to enjoy more privacy than in traditional casinos.

Moreover, many casinos that accept virtual currencies offer provably fair games, which use blockchain technology.

This system lets you verify the fairness of outcomes and gives you confidence in the game’s integrity.

Is Crypto Gambling Legal?

The legality depends on two main factors: whether online gambling is allowed and whether digital currency use is permitted in a country.

In regions where internet casinos are banned or crypto use is restricted (e.g., Iraq, Qatar, Bangladesh), it is illegal.

In countries where both online gambling and virtual currencies are legal, this form of gaming can be considered lawful.

However, many regions are still in a legal gray area, with no clear regulations on crypto casinos. This uncertainty means operators and potential players need to stay updated on any legal changes.

Picture from David McBee via Pexels

 

Regulations in Popular Jurisdictions

United States

The legal status of crypto casinos is highly fragmented. Federal law doesn’t regulate them directly and leaves the issue to individual states. New Jersey, Nevada, and Michigan have legalized internet gambling sites, though not all explicitly permit virtual currency use.

Others, like Maryland, allow online sports betting but ban online casinos, while Utah and Hawaii prohibit all forms of gambling.

In states where crypto platforms are prohibited, many players turn to offshore sites. However, they operate outside U.S. jurisdiction, which means there are no legal protections if disputes arise.

United Kingdom

The United Kingdom Gambling Commission is responsible for regulating all forms of gambling, including online platforms. In 2017, it clarified that crypto used in casinos should be treated like traditional money.

While the commission doesn’t specifically regulate this form of entertainment, it permits licensed operators to accept crypto deposits, provided they comply with strict anti-money laundering (AML) and Know Your Customer (KYC) requirements.

Operators must verify the source of crypto funds and convert them to fiat currency in player accounts to mitigate risks related to volatility.

Canada

Gambling is regulated at the provincial level, with provinces like Ontario actively supporting it. Although digital currency isn’t considered legal tender, Canada has been a leader in its regulation.

It was the first country to approve a Bitcoin exchange-traded fund (ETF), now listed on the Toronto Stock Exchange.

Canadians can legally use digital currencies on licensed provincial platforms or reputable offshore sites for betting.

However, only government-run casinos can offer online gambling services. Operators face strict restrictions, but players can access foreign platforms as long as companies comply with AML/CFT and KYC regulations.

European Union

Malta stands out as a global hub, offering licenses to crypto casinos with strict AML and KYC requirements. The Malta Gaming Authority (MGA), a pioneer in crypto regulation, established a Blockchain Sandbox Framework for testing virtual currency gambling products.

In contrast, countries like Germany and France impose stricter controls, with some banning digital currencies as a payment option in casinos.

Italy, though one of the first to regulate online gaming establishments, doesn’t yet have specific rules for crypto gambling. It leaves the activity unregulated but not explicitly prohibited.

Asia

This continent has a diverse approach to crypto casinos. China enforces strict bans on both digital currencies and gambling, with exceptions in Macau, while Japan allows this type of virtual money but tightly regulates gaming platforms.

South Korea allows foreigners to play on platforms that accept BTC but bans local citizens from any form of gambling. In contrast, the Philippines has regulated online casinos that accept digital currencies and is particularly crypto-friendly.

Risks and Challenges in Crypto Gambling Regulation

The lack of standardized regulations is one of the main risks. Inconsistent laws across jurisdictions create confusion for both operators and players. This complicates cross-border operations and weakens consumer protection.

Another major challenge is AML and KYC compliance. The pseudonymous nature of cryptocurrencies makes it difficult to verify user identities and monitor transactions. This increases the risk of illicit activity and regulatory violations.

Lastly, overregulation may suppress innovation and push businesses toward unregulated platforms, which would harm legal markets.

 

Best Crypto Sportsbooks: Where to Bet with Bitcoin in 2025

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Cryptocurrency has changed online betting forever with faster transactions, more privacy and often better odds than traditional bookmakers.

If you’re looking for the best crypto sportsbook in 2025 you’ve come to the right place.

In this guide we’ll cover the top betting sites that accept Bitcoin and other cryptocurrencies, what makes a great crypto sportsbook and how to get started.

Why Choose a Crypto Sportsbook?

Traditional sportsbooks have their benefits but crypto betting platforms bring unique advantages:

  • Fast Transactions – Deposits and withdrawals are almost instant compared to traditional banking.
  • Privacy and Anonymity – Many crypto sportsbooks require minimal personal information.
  • Better Odds and Lower Fees – Crypto betting platforms often provide better odds and lower transaction costs.
  • Global Access – No restrictions on location since cryptocurrencies operate globally.
  • Provably Fair Gaming – Many sportsbooks use blockchain technology to ensure fairness.

With these benefits it’s no wonder more people are switching to crypto sportsbooks.

Top Crypto Sportsbooks in 2025

Okay, let’s have a look at the top crypto sportsbooks available in 2025. Here is our top six in descending order: 

1. bet105

bet105 has rapidly emerged as a leading crypto sportsbook, offering bettors competitive odds and a seamless betting experience.

The platform operates exclusively with cryptocurrencies, including Bitcoin, Ethereum, USDT, and USDC, allowing for swift transactions and enhanced privacy. bet105 is renowned for its reduced juice model, providing better value for punters compared to traditional sportsbooks.

The platform covers a wide array of sports, from major leagues like the NFL and NBA to international soccer competitions and esports.

Additionally, bet105 offers a dynamic live betting platform with no limits, welcoming both casual and professional bettors. ​

Key Features:

  • Cryptocurrency Transactions: Supports Bitcoin, Ethereum, USDT, and USDC for both deposits and withdrawals.
  • Competitive Odds: Reduced juice model offering better value.​
  • Wide Sports Coverage: Includes NFL, NBA, international soccer, tennis, MMA, boxing, and esports.
  • Live Betting: User-friendly platform with real-time updates and no betting limits.​
  • Fast Withdrawals: Majority of withdrawals processed automatically within hours.

Plus bet105 are currently have a special deposit $5 get $25 welcome offer for new customers. 

2. Stake.com

Stake.com has made a name for itself as one of the most popular crypto sportsbooks. With a clean interface, extensive sports coverage and exclusive promotions it’s a favourite among crypto bettors.

Key Features:

  • Supports Bitcoin, Ethereum, Litecoin and more.
  • Extensive markets on football, tennis, basketball and esports.
  • Regular promotions and bonuses for crypto users.
  • Fast withdrawals with low fees.

3. Cloudbet

Launched in 2013 Cloudbet is one of the original Bitcoin betting sites. It’s known for high betting limits, a huge selection of sports and a top notch live betting experience.

Key Features:

  • Accepts Bitcoin, Bitcoin Cash, Ethereum and more.
  • High betting limits especially for Bitcoin users.
  • Great live betting platform.
  • Generous welcome bonuses.

4. BC.Game

BC.Game is a new player in the crypto sportsbook scene. With a fast, interactive platform and a wide range of betting options it’s for both casual and serious bettors.

Key Features:

  • Supports many cryptocurrencies.
  • Competitive odds and wide range of markets.
  • Daily promotions and VIP rewards.
  • Fast, anonymous transactions.

5. Sportsbet.io

Sportsbet.io is known for its user-friendly platform and great betting options. It’s the official betting partner of major football clubs and has a strong mobile experience.

Key Features:

  • Accepts Bitcoin, Ethereum, Litecoin and more.
  • VIP program with exclusive rewards.
  • Fast deposits and withdrawals.
  • Unique features like “BetBuilder” for customised bets.

6. BetOnline

BetOnline is a hybrid sportsbook that accepts both fiat and crypto transactions. It’s perfect for those transitioning into crypto betting while still having access to traditional payment methods.

Key Features:

  • Accepts Bitcoin, Ethereum and other altcoins.
  • Wide range of betting markets including esports.
  • Competitive odds and early lines.
  • Great customer support and mobile friendly platform.

Bitcoin Betting Features and Benefits

Bitcoin and other cryptocurrencies offer many advantages for sports bettors making them a preferred choice over traditional payment methods.

Here’s why betting with Bitcoin can be better option in certain instances:

  • Zero or Minimal Transaction Fees – Traditional sportsbooks often charge high fees for deposits and withdrawals especially when using bank transfers or credit cards. Bitcoin transactions have low fees so you get to keep more of your winnings.
  • Enhanced Privacy and Security – One of the biggest draws of Bitcoin betting is the level of privacy it offers. Unlike traditional sportsbooks that require a lot of personal and banking details, many crypto sportsbooks allow you to bet with just an email address. And blockchain technology ensures secure and tamper-proof transactions.
  • Faster Withdrawal Times – With fiat betting withdrawals can take days to process due to bank delays. Bitcoin transactions are processed almost instantly so you can access your winnings sooner.
  • Higher Betting Limits – Many sportsbooks have lower betting limits on fiat transactions to manage risks. Crypto sportsbooks often have higher betting limits so it’s ideal for high rollers.
  • Exclusive Crypto-Only Bonuses and Promotions – Many sportsbooks offer exclusive bonuses for users who deposit with Bitcoin. These promotions often include enhanced deposit matches, free bets or cashback rewards that aren’t available to fiat bettors.
  • No Currency Conversion Fees – For international bettors converting currencies can result in extra costs. With Bitcoin you can deposit and withdraw in the same currency without worrying about conversion fees.
  • Protection Against Payment Blocking and Regional Restrictions – In some regions, banks and financial institutions block gambling transactions. Bitcoin allows you to bypass these restrictions so you can deposit and withdraw seamlessly no matter where you are.

By making the most of these benefits, crypto bettors can have a more efficient and cost effective betting experience.

How to Get Started with Crypto Betting

If you’re new to crypto betting it may seem intimidating at first but it’s actually easy. Follow these steps to get started safely and efficiently:

Step 1: Set Up a Cryptocurrency Wallet

A cryptocurrency wallet is necessary for managing and storing your Bitcoin or other digital assets. Popular wallets are MetaMask, Trust Wallet, and Ledger. Choose a wallet that balances convenience with security.

Step 2: Purchase Cryptocurrency for Betting

You can buy Bitcoin, Ethereum or other cryptocurrencies from a reputable exchange like Binance, Coinbase or Kraken. Transfer your funds to your personal wallet instead of leaving them on the exchange for better security.

Step 3: Choose a Crypto Sportsbook and Make Your First Deposit

Pick a sportsbook that suits your needs and supports your chosen cryptocurrency. Once registered go to the deposit section, copy the sportsbook’s crypto address and transfer funds from your wallet.

Step 4: Implement Security Best Practices

Use two-factor authentication (2FA) and store your private keys securely. Don’t share your wallet details with anyone.

Step 5: Verify KYC Requirements

Some crypto sportsbooks require KYC (Know Your Customer) verification for withdrawals. Be prepared to provide identification if needed.

Step 6: Convert Winnings Back to Fiat (If Needed)

If you want to withdraw your winnings to traditional currency use a crypto exchange to convert and transfer the funds to your bank account.

Step 7: Consider Tax Implications

Check local tax laws, crypto gambling winnings may be taxed in certain jurisdictions.

Depositing and Withdrawing with Bitcoin

Using Bitcoin for deposits and withdrawals on a sportsbook is usually quick and convenient. Here’s how the process works:

Depositing Funds:

  • Navigate to the deposit section of your chosen sportsbook.
  • Copy the provided Bitcoin wallet address.
  • Send the desired amount from your crypto wallet.
  • Transactions are usually confirmed within minutes.

Withdrawing Winnings:

  • Go to the withdrawal section and enter your Bitcoin wallet address.
  • Specify the amount you wish to withdraw.
  • Confirm the request and wait for processing.
  • Crypto withdrawals are typically faster than traditional banking methods.

Alternative Cryptocurrencies to Bitcoin

While Bitcoin is the most widely used cryptocurrency in sports betting, many sportsbooks also accept:

  • Ethereum (ETH): Faster transaction speeds and lower fees than Bitcoin.
  • Litecoin (LTC): Known for quick transactions and lower costs.
  • Tether (USDT): A stablecoin pegged to the US dollar, reducing volatility.
  • USD Coin (USDC): Another stablecoin ideal for maintaining a consistent betting balance.
  • Dogecoin (DOGE): A fun, community-driven option with low fees.
  • Ripple (XRP): Fast and cost-effective transactions.
  • Binance Coin (BNB): Often used for sportsbook transactions with Binance integration.
  • Tron (TRX): Low-fee, high-speed blockchain transactions.
  • Cardano (ADA): A growing option with strong security and scalability.
  • Dash (DASH): Designed for privacy-focused transactions.

How Do Crypto Sportsbooks Compare to Traditional Sportsbooks?

Crypto sportsbooks offer several advantages over traditional bookmakers:

  • Speed: Deposits and withdrawals are processed much faster than bank transfers.
  • Lower Fees: Traditional sportsbooks often charge processing fees, while crypto transactions typically have minimal costs.
  • Anonymity: Many crypto sportsbooks require minimal personal details, unlike fiat betting sites.
  • Better Odds: Reduced operational costs often translate into better odds for bettors.
  • Availability: Crypto sportsbooks are accessible worldwide, whereas traditional sportsbooks may have regional restrictions.

Despite these advantages, some bettors prefer traditional sportsbooks due to regulatory oversight and fiat banking options.

Common Concerns and Issues with Crypto Sportsbooks

While crypto sportsbooks have many benefits there are potential risks and concerns to be aware of:

  • Regulatory Uncertainty – Crypto betting laws vary by country. Always check the legal status of online gambling in your area.
  • Volatility Risks – Cryptocurrencies are very volatile. Consider using stablecoins (e.g., USDT) to minimize fluctuations.
  • Security – Look for sportsbooks with encryption and 2FA.
  • Red Flags – Avoid sportsbooks with bad reviews, no transparency or unclear terms.
  • Reputation – Check for platforms with a history of fair play and timely payouts.
  • Dispute Resolution – Read customer support policies before depositing.
  • Responsible Gambling Tools – Look for sites with deposit limits and self-exclusion options.
  • Licensing – some crypto sportsbooks are not licensed by gambling regulators, meaning there is less oversight of matters such as protecting customer funds. Your options should things go wrong may be more limited than with traditional bookmakers. Bear this risk in mind when using a crypto sportsbook. 

Now you know what to look out for with crypto sportsbooks. They can be more risky to use than traditional sportsbooks so it’s important to watch out for the red flags. 

Betting Responsibly with Crypto Sportsbooks

While crypto sports betting offers many benefits, responsible gambling is crucial:

  • Set a Budget: Determine how much you can afford to lose and stick to it.
  • Use Betting Limits: Many sportsbooks offer tools to set deposit and wager limits.
  • Avoid Chasing Losses: Stay disciplined and don’t try to recover losses with reckless bets.
  • Take Breaks: Regularly step away from betting to maintain a healthy perspective.
  • Stay Informed: Learn about the risks of gambling and seek help if needed.

By practising responsible gambling, you can enjoy the benefits of crypto sports betting while maintaining control over your finances.

Conclusion – the Best Crypto Sportsbooks

Crypto sportsbooks are changing the game, offering speed, security and accessibility that traditional bookmakers can’t match.

Whether you’re a seasoned bettor looking for better odds and lower fees or a newcomer wanting to try out crypto betting, there’s never been a better time to get started.

By choosing a good sportsbook, practising responsible gambling and staying up to date with the latest crypto betting news, you can maximise your experience and broaden your betting options.

From bet105’s sleek platform to Stake.com’s vast market coverage, the options are endless for those ready to jump in.

As crypto betting evolves, being ahead of the curve will give you an edge in this fast paced industry.

So whether you’re betting on the Premier League, NBA, esports or niche sports, the best crypto sportsbooks can give a viable alternative to traditional sportsbooks.

Ready to Bet with Crypto? Choose a trusted sportsbook like bet105, make your first deposit and good luck betting with Bitcoin and other cryptocurrencies today!

Please remember to always gamble responsibly and only risk money you can afford to lose. 

 

Top 5 Cryptocurrencies for Online Betting: Secure and Fast Options

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Photo by RDNE Stock project

In recent years, the adoption of cryptocurrencies as a payment option for online bookmakers has taken on a whole new dimension.

The increasing acceptance of cryptocurrencies by bookies and players is due to the many benefits they offer. And as the cryptocurrency ecosystem continues to evolve, more cryptocurrencies keep emerging, with each one offering a unique proposition.

If you are interested in using cryptocurrency for online betting, then you want one that is secure yet fast.

So, in this article, we will be elaborating on the top 5 cryptocurrencies to use for online betting and the factors that influence their transaction speed.

Top 5 Secure and Fast Cryptocurrencies to Use for Online Betting

From Bitcoin to Ethereum to Tether, there are thousands of different cryptocurrencies you can use for online betting. But if your focus is to use a cryptocurrency that offers incredible transaction speed, then you must also take into account the security measures that cryptocurrency has in place.

So, below we have wrapped up the top 5 cryptocurrencies that offer a fair combination of security and speed.

  • Ethereum

Ethereum is one of the best options if you are looking for a cryptocurrency with a mixture of speed and top security. Choosing to use the best Ethereum betting sites offers you great advantages such as alluring bonuses and access to a large game library, plus Ethereum is the second largest cryptocurrency by market cap. With the Ethereum 2.0 version developers are working on, Ethereum could eventually support up to 100,000 transactions per second, address the issue of scalability, and reduce its energy consumption. 

  • Solana

Solana is another excellent fast cryptocurrency to consider because of its high-performance blockchain network. Launched in 2017, Solana is unique in its PoS consensus mechanism that allows it to process up to 3000 transactions per second, or up to 710,000 transactions per second theoretically. The design of the Solana network provides a fast, secure, and low-cost transaction option, making it an excellent option for online betting. It also offers several cool features and tools to support developers, making it an attractive option for developers looking to build decentralized applications that can scale to meet the demands of a growing user base. 

  • Ripple

Ripple is a real-time gross settlement system, remittance network, and currency exchange that allows for near-instantaneous transactions. According to the Ripple website, it uses a Ripple Protocol Consensus Algorithm (RPCA), where transaction settlement on the XRP Ledger takes 3-5 seconds. It is a cryptocurrency designed to be efficient and fast, with a transaction speed of 1,500 transactions per second. Also, Ripple offers low-cost transactions because its transaction fees are based on the amount of XRP used in the transaction and not the value of the transaction itself, making it an attractive option for bettors looking to process payment across borders quickly and efficiently. 

  • Hedera

Hedera Hashgraph, popularly regarded as the next-generation distributed ledger technology, is designed to be a scalable, secure, and fast cryptocurrency. It uses a unique consensus mechanism, hash graph consensus, that allows for efficient and fast validation of transactions. The Hedera network can process up to 10,000 transactions per second, making it one of the fastest blockchains in the market. In addition to its impressive speed, Hedera offers low latency, increased security, stability, and high throughput. 

  • Tron

Tron is a decentralized blockchain platform that offers bettors high speed and low cost on transactions, which comes in handy, especially after cracking the code to win your bets. It uses a Delegated Proof of Stake (DPoF) consensus mechanic that allows for efficient and fast validation of transactions. It is capable of processing over 2000 transactions per second, which is significantly faster than what many blockchain networks are capable of. Furthermore, Tron offers a thriving ecosystem of DeFi and dApp projects and support for multiple programming languages that make it highly scalable. 

 

Factors Influencing the Speed of Blockchain Transactions

Photo by RDNE Stock project

A slow blockchain transaction speed may lead to longer wait times for bettors, which can negatively impact their overall user experience.

Blockchain transaction speed can be influenced by several factors, causing it to be slow in processing and confirming your transactions.

If your transactions are taking longer than they ought to, it could be due to one of the following reasons:

  • Network Congestion

When the number of transactions waiting to be processed exceeds the network’s capacity, it leads to network congestion, which can cause delays. During such times, such as significant market movement or during ICOs, miners tend to prioritize transactions that use congestion algorithms to manage the queue. 

  • Transcation Fees

Another factor that can influence your transaction speed is the amount you set for the fee. You have the luxury of choosing how much you want to set for the transaction fee, but it’s important to note that setting too low a transaction fee may cause delays as miners tend to prioritize transactions with higher fees. Although when there are not many activities on the network, you may be able to get away with setting a low transaction fee and still get your transaction processed on time.   

  • Block Size

When you set a transaction via crypto, it gets transmitted in what is called a block. Depending on the cryptocurrency, each block has a size that determines how much data it can transmit. As such, cryptocurrencies with larger block sizes can process more transactions, making them less prone to congestion or reduced speed. But it’s also worth noting that cryptocurrencies with larger block sizes require more computational resources. 

  • Network Protocol

Furthermore, a cryptocurrency network protocol can influence its speed as it defines how data is transferred on the network. Depending on the cryptocurrency you use, some make use of consensus mechanisms like PoS, PoW, DPoS, and so on. It’s important to know the network protocol of the cryptocurrency you choose to use as it not only influences transaction speed but also scalability.

  • Transaction Complexity

The complexity of a transaction is another factor that doesn’t get spoken about well enough. When you’re sending cryptocurrencies, you’re essentially sending data; however, not every data is equal. Some are more complex to decode than others, and the harder they are, the more computational resources, or longer it will take, as the case may be. As such, if your transaction type involves complex data, such as one involving a smart contract, it’s best to set high transaction fees to incentivise miners to process it faster. 

 

 

Town Star – Results Update

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Town Star is a play-to-earn farming game from Gala Games, similar in style to Farmville. You can check out our full guide on it here.

Whilst things started off promisingly with this game, sadly the inherent weakness of the in-game economy we identified in earlier updates has had the impact we predicted. 

In essence the problem is that you have an economy where lots of people are earning significant amounts of the the in-game currency (Town Coin) and then want to sell it to cash in those earnings. However, on the other end there are very few buyers for that Town Coin.

The reason being is that there is very little reason to own the coin, other than to hold it in your wallet – which allows you to…earn more Town Coin!

Leaving aside the fact you can also achieve the same effect by holding Gala Tokens in your wallet instead, you can probably see the issue here. There is little incentive to buy Town Coin other than enabling you to earn more Town Coin (which is itself dilutive of course), meaning the value of the token is bound to drop in these circumstances. And drop it has – all the way from over $2 to $0.09 at the time of writing. 

Fundamentally, as we described in previous updates, there needs to be utility for Town Coin. Whether this is in using it to build items in the game, enhance your trading capabilities with other towns or some other use, there has to be a reason for people to want to buy the token and not just sell it.

Until this issue is addressed we don’t see a bottom for Town Coin and it could easily go to zero (or close to zero). In these circumstances there doesn’t seem much point putting in the many hours necessary to play the game when the earnings are virtually zero.

So we will leave this review in abeyance until these issues are addressed and we start to see some actual utility and value for Town Coin.

It seems this issue of in-game “tokenomics” as they are called is not limited to Town Star but is something all play-to-earn games are experiencing. Perhaps if one game developer figures it out then others can follow, but for the time being it is a space we will monitor rather than participate in.

 

 

 

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Town Star – Results Update

10th February 2022

Town Star is a play-to-earn farming game from Gala Games, similar in style to Farmville. You can check out our full guide on it here.

In order to earn tokens in Town Star, you need to own NFTs. These are the farming items that you use in the game like grain storage, water fountains, shops and so on. 

We purchased four NFTs and have been playing the game for a few months now.

Each day you can earn the game’s native token, Town Coin (TOWN), by completing a daily challenge. It’s not too difficult at the moment and takes a few hours at the start of the month to build up your town and then around an hour per day to complete. 

Since our last update we have earned another 734 Town Coin, which means we have now earned 1734 Town Coin in total.

The problem is that Town Coin has absolutely plummeted in price since our last update. It was $0.56 per coin but is now just $0.18 per coin at the time of writing.

So our net earnings are only worth $312, which is pretty disappointing to be honest considering the cost of the NFTs and the work put in.

As we said last time, for the token to have value they really need to integrate it into the game. Whilst they said last Autumn they plan to do so, we have not heard anything since about what their plans are or when they may do so.

In the meantime we will keep working away to earn Town Coin in the hope that it goes up in value at some point.

 

 

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Town Star – Results Update

6th January 2022

If you’ve been following us recently you’ll know we’ve been delving into the world of play-to-earn games. Whilst our focus here is mainly on betting and trading systems, we are always interested in alternative ways to make some extra income and the play-to-earn space looks set to explode this year.

Our first foray in this area was Sorare, which if you’ve been tracking our journey you’ll have seen we’ve been doing very well with over $20,000 in prizes won last year. 

Our next venture into this space is with an interesting little game called Town Star from Gala Games. 

This is a fun game that is a lot like Farmville if you ever played that game. You can read our full guide on Town Star here.

In order to be able to earn in the game, you have to first purchase some NFTs. These are the farming items that you use in the game like grain storage, water fountains, shops and so on. 

We purchased four NFTs:-

  • Alfa Fountain (OK)
  • Rare Sugarcane storage
  • Water Tower
  • Sugarcane storage

We also received a free Express Depot for becoming a gold Gala member.

Each one of these NFTs pays out a certain number of Town Coin per day if you complete a Daily Challenge, which you can then exchange for other cryptocurrency and then fiat money. 

However, unfortunately at the moment we are not able to use all our NFTs. This is because you need to have a certain amount of what is called “Gala Power.” There is a full article explaining it here, but in essence you need a certain amount of Gala tokens and/or Town Coin in your wallet.

At current prices this means spending thousands of dollars to move up the Gala Power levels and use your NFTs, which is far from ideal.

Gala Games say they will allow renting out of NFTs in future (no date confirmed though) and they may adjust the terms of the Power levels to take account of things like account age, number of NFTs etc, but for the time being we are stuck with this situation. The simple advice is it’s better to buy one big NFT than lots of small ones – you only need one Gala token in your wallet to use one NFT. 

Anyway, putting that issue aside how has it been going on Town Star? 

We have managed to earn Town Coin pretty much every day (apart from the odd day like Christmas Day, for obvious reasons) and so far have earned just over 1,000 Town Coin. 

At today’s prices of $0.56 per Town Coin, that equals just over $560. 

That’s not bad for a few weeks work and the NFTs we bought have gone up a lot in value. In particular the Rare Sugarcane Storage cost us around $1,200 when we bought it and is now selling for around $3,000. 

In this game you are hostage to the price of Town Coin, which has fluctuated quite a lot since we joined the game, from around $0.30 all the way up to over $2. 

We imagine when they actually integrate the token into the game itself – which they have said in two blog posts they plan to do – its value could appreciate, although that rests on them bringing lots of new players to the game too. 

In any event, the bottom line is our earnings have been pretty good so far even with the price of Town Coin having fallen a lot over the past month. It’s also a fun game to play so we would say we are cautiously optimistic about this one. There is still a lot of work for them to do to bring it to the mainstream but the early signs are encouraging. 

 

 

 

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Town Star – New Review

25th November 2021

If you’ve been following us recently you’ll know we’ve started to get involved in the play-to-earn gaming revolution. 

Whilst this isn’t strictly in the “betting category,” we do occasionally like to venture into other fields like forex, crypto and passive income. Anything really that can make an extra bit of income on the side! 

So our first foray in the play-to-earn field was Sorare, the fantasy football game that runs on the blockchain. If you’ve been following our journey you’ll have seen it’s been going very well with lots of rewards won. 

Our next sortie into the realm of play-to-earn games then is a fun little simulation game called Town Star from Gala Games.

We’ve written a full guide here on what Town Star is all about and how you can earn from it, but basically it’s a lot like Farmville. You run a small town and have to build it up from scratch by farming goods and then selling them. 

In order to earn tokens on it (which you can then sell on exchanges like Coinbase), you have to buy NFTs – or non-fungible tokens. These are the farming/industrial items like wheat storage, water fountains, solar panels and so on. Then you have to complete a daily challenge in the game to earn your tokens.

Another way to earn Town Coin is to finish high up on the leaderboard, although that is very tough so for most people the focus will be on earning the daily Town Coin. 

We’ve recently joined the game and will be documenting our journey here, just as we have been doing with Sorare.

So far we have one NFT placed in the game, earning 14 of the game’s tokens, called Town Coin, per day.

At today’s prices of $1.23 per Town Coin, that’s $17 per day in earnings, for just a small amount of time playing the game each day. Some people are already earning over $100 per day from the game. 

There is also the potential to move up the levels and be able to place more NFTs in the game, thus earning more Town Coin. 

Plus of course the value of Town Coin could go up as well – although it could also go down so you do have to accept the fluctuations in the price of the token and not expect it will necessarily go up. 

If more people join the game though, in theory it should drive more adoption of the token. 

Just to note that the cheapest NFTs that pay out Town Coin are currently priced at around $730. So at current prices it would take approximately 54 days to earn back the cost of the NFT. 

That presumes Town Coin stays at its current price of course, but it gives you a ball park idea of the payback time anyway. You also will own the NFT and they are generally going up in price all the time.

Please note there are a very limited supply of the NFTs though and they are selling out fast. All of the NFT info is covered in our guide so we recommend you read that first before buying any of them. 

In any event, given the potential here and the fact it’s quite a fun game to play, we are looking forward to running this review and will update our progress here as usual.

In the meantime you can open a Gala Games account and start playing Town Star for free here.

 

 

bitclub network pic

BitClub Network – Final Review

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We have been invested in the BitClub Network for over 18 months now and to be frank the writing is on the wall: it looks highly unlikely we will make our money back here so it’s time to wrap up the review.

We originally invested $500 in the scheme back in November 2017 and at the time Bitcoin was rocketing in value and cryptocurrency schemes like this were receiving massive hype.

Just to recap, the BitClub Network is a Bitcoin mining scheme where you can buy shares in their mining operation and receive a portion of the profits as a daily payout. 

In the early days it seemed to produce decent daily payouts but over time those payouts have become smaller and smaller. As we have discussed elsewhere, this is primarily due to the fact that as more people enter the mining game, the slice of the cake each one receives gets smaller. And unfortunately a huge number of new operators entered the mining game when cryptocurrency prices took off, leaving a very small slice of the pie for each one. 

So all we have to show for our investment so far is 0.00469 BTC, which at today’s prices is worth about $37.

We have received more than that in mining earnings –  0.02146 BTC (or $171) to be precise – but plowed a large portion of that back into buying more mining shares.

In hindsight that was clearly a mistake and we would have been better served just receiving the earnings and then withdrawing them rather than reinvesting.

Our current daily payout is around $0.05, so with 477 days left on our original contract, we can expect to earn around $24 at today’s prices.

Whichever way you look at it then we are due to suffer a substantial loss from this investment, probably a loss of around $450 from our original $500 investment.

If we hadn’t reinvested in more mining shares then the loss would be around $300, but either way it has been extremely disappointing to say the least. 

So there isn’t much left to say other than that this receives a big FAILED rating from us and is certainly not a scheme we could recommend (nor any other bitcoin mining scheme for that matter). 

 

 

 

 

 

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BitClub Network – Results Update

20th August 2018

Not much change for our BitClub Network investment, with just 0.01745 Bitcoin earned so far in total, which equals around $112 at current prices.

That means we have earned 0.00207 Bitcoin since our last update six weeks ago, which is the equivalent of around $13.

We are now earning less than $1 per day, which is a little disappointing really.

Also slightly worrying is the fact that we have set our account to use our mining earnings to buy more shares, but we haven’t actually repurchased any shares since January as we haven’t made enough to meet the threshold.

So we are kind of stuck in no-man’s land not able to earn enough to increase our mining earnings and not earning enough as it is to make a profit (or it will be a long time anyway until we make a profit).

The only thing left to hope for then is a big rise in the price of Bitcoin, but that seems a remote prospect at the moment. 

 

 

 

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BitClub Network – Results Update

5th July 2018

The BitClub Network is a scheme where you can buy shares in a Bitcoin mining operation and receive daily payouts in Bitcoin in return.

We invested $500 in the scheme back in November last year and so far we have earned 0.01538 Bitcoin, which is equivalent to around $102 at the time of writing.

Since our last update over two months ago we have earned 0.00485 Bitcoin, which is the equivalent of around $32.

So at the current rate of earning about $16 per month, it would take us another two years to make our money back. 

That all depends of course on the price of Bitcoin, which hopefully will start increasing at some point after a rotten first half to the year.

At the moment then this isn’t looking like a great investment but things can all change quickly in the world of cryptocurrencies. 

 

 

 

 

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BitClub Network – Results Update

23rd April 2018

Our investment in the BitClub Network continues to chug along without much fanfare. Since our last update a month ago we have mined another 0.00229 Bitcoin, which is currently the equivalent of about $21. 

That means we have now mined 0.01053 Bitcoin in total, which is the equivalent of around $94 at the time of writing.

That is from a $500 investment back in November. So it is going to take quite a while at the current rate to make back our original investment. Even though we are reinvesting our earnings into more mining shares, things still aren’t really taking off yet. 

Good to see that the price of Bitcoin has picked up over the last week or so though, which of course makes a big difference to the value of our mining earnings. Hopefully the price will continue to rise back up towards the highs we saw before Xmas of $20,000. 

 

 

 

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BitClub Network – Results Update

22nd March 2018

The BitClub Network is a scheme where you can invest in shares in their Bitcoin mining operation and then receive daily payouts in Bitcoin in return.

We invested $500 in the scheme back in November last year and so far we have earned 0.00824 Bitcoin, which is equivalent to around $72 at the time of writing.

We have reinvested those earnings back into more mining shares, to increase our return over the long term.

It remains to be seen however how long it will take to recoup our initial investment, which may rest to a large extent on what happens to the Bitcoin price over the coming months and years. We will just have to wait and see on that front. 

 

 

 

 

 

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BitClub Network – Results Update

22nd February 2018

Our BitClub Network investment continues to move along slowly and steadily.

Just to recap, the BitClub Network is a Bitcoin mining scheme where you can buy shares in their mining operation and receive a portion of the profits. 

Since our last update we have earned another 0.00282 Bitcoin from our mining contract, meaning we have now earned 0.00704 Bitcoin in total, which is the equivalent of around $71 at the time of writing. That is from an investment of $500 back in November.

We have reinvested all of our earnings back into new mining shares, although as stated previously that is a slow process because you have to wait 30 days for your new shares to start mining.

Eventually we hope this investment will make some profit, it may take a year or so but with reinvestment it could become quite lucrative in the long term, particularly if the Bitcoin price started increasing again. 

 

 

 

 

 

 

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BitClub Network – Results Update

23rd January 2018

Our mining earnings from the BitClub Network continue to move along fairly slowly, with a further 0.00274 in Bitcoin mined since our last update.

That means we have now mined 0.00422 Bitcoin in total, which equates to about $43 at the time of writing. That is from an initial investment of $500 worth of mining shares on 14th November 2017. 

So in over two months we have earned less than 10% of our investment back, which is pretty slow going if we’re honest.

Unfortunately the BitClub Network have stopped showing the daily updates for how much we’ve mined, so we can’t do an update to our results spreadsheet.

In terms of our efforts to grow our earnings, so far we have made two reinvestments in further mining shares, equivalent to around 5% each of a full share. Just like the main purchases however, you don’t start earning anything from those shares until 30 days has elapsed.

So the whole thing is rather slow going. Hopefully though over time these reinvestments will start piling up and our mining earnings will increase.

Plus of course the Bitcoin price might start moving upwards again and we are still waiting to hear if the BitClub Network are going to be increasing their mining power.

For the time being though, our earnings from the BitClub Network have been pretty unspectacular.

 

 

 

 

 

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BitClub Network – Results Update

27th December 2017

There has been a bit of a delay in updating the results for the BitClub Network, a Bitcoin mining scheme.

This is because after you purchase a share in one of their mining pools, you have to wait 30 days for them to set up the mining equipment before you start earning any Bitcoin.

So after purchasing a share for $500 on 14th November, nothing happened on our account until 15th December.

We therefore only have 12 days of earnings to report. 

For those 12 days, we have earned 0.00148 bitcoin, which equates to around $24 at the time of writing.

You can view full results here.

Please note that the amount of Bitcoin we have earned is double that on the spreadsheet, as half of our earnings have been reinvested in more mining shares.

At current rates, we would end up with about $750 worth of Bitcoin after a year of mining if we just withdrew all our earnings. Obviously it would be better to just buy Bitcoin and hold it in that scenario.

The $500 of Bitcoin we invested on 14th November would already be worth $1230 if we had just held it rather than investing in the BitClub Network.

That would be more than we will have earned in a year though mining at current rates, so on that basis you could say the BitClub Network hasn’t been a great investment so far.

However, where it can really pay off is if you reinvest all of your earnings for an extended period and allow your mining shares to build up. This can enable your earnings to grow exponentially over time, so that is what we will do.

We have also heard that the BitClub Network will be increasing their mining power and have some other exciting developments planned for 2018, so hopefully we will see things pick up in the near future and some improved earnings.

 

 

 

 

 

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BitClub Network – Re-Review

14th November 2017

We reported a few months ago that we were discontinuing our review of the BitClub Network as we were concerned it could be a scam.

That was based primarily on a post from 99 Bitcoins which raised certain concerns about the scheme.

So we felt it wasn’t worth risking our money or you potentially following us in.

However, some significant developments have occurred at the BitClub Network recently that have made us reconsider our position. 

These are basically as follows:

– Firstly, there is independent verification that the BitClub Network does indeed own significant Bitcoin mining operations. That can be seen at the blockchain website and is represented in the pie chart below

BitClub Network

As you can see, the BitClub Network owns 2.8% of the Bitcoin mining power available (hashrate), so we know the mining is real and given the exceptional growth in Bitcoin’s value, this mining should be very profitable.

– Secondly, we have seen interviews and footage of the BitClub CEO Russ Medlin, so that adds a degree of assurance when the owner of the scheme is prepared to show their face in public.

– Thirdly, they have made adjustments to the mining pool options so that you can now reinvest as much, or as little, as you want. This provides greater flexibility to the investment proposition offered by the BitClub Network, which is welcomed.

– Fourthly, they are making significant investment in upgrading their hashing power over the next few months, which will mean greater profits from the mining pools (although if more people join the mining pools then this could dilute the earnings somewhat).

All in all then it is looking like a much more credible, flexible and potentially profitable venture than it did previously so we will be making an investment here and doing a full in-depth review of the BitClub Network.

The other concern we had previously was that the returns we had seen from investors didn’t look that much better than if they had just bought Bitcoin and held it.

However, Bitcoin has enjoyed incredible growth over the last couple of years and we are not sure that will be maintained over the next couple of years. We may be wrong of course, but we would expect growth rates to be a little more gradual and not quite so exponential as they have been going forward.

That would make an investment in the BitClub Network more attractive if it turned out to be the case vis-a-vis just buying Bitcoin and holding it. 

We shall see, but either way it seems worth testing out to see how it gets on. So we will run a live trial and will update our results here regularly.

In the meantime you can check out the BitClub Network here. 

 

 

 

 

 

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BitClub Network – Update

3rd August 2017

We are discontinuing our review of BitClub Network, a service that offers to mine Bitcoin for you and share in the proceeds.

The reason for discontinuing the review is that we have been contacted by people warning this could be a scam.

After investigating a little ourselves, we are not sure either way, but there is enough of a risk that it could be a scam to warrant ending our interest in it.

There is a very good post here on a website called 99 Bitcoins outlining the red flags about the scheme and the possibility that it could be a Ponzi scheme.

Now you may ask why we don’t continue our review to discover if it is a scam or not. 

Well, as pointed out in the post on 99 Bitcoin, the problem with it is that if it is a scam (and again we are not saying it is or it isn’t) then the whole thing could break down very suddenly, with all investors losing their money.

That is what happens with Ponzi schemes – they can keep going for quite a long time as long as money is coming in from new investors to pay off current investors. But if the influx of new investors stops, you can have a problem if there isn’t enough money being generated from the investment scheme itself.

Websites involving Bitcoin have been known to shut down suddenly without warning and with money invested being lost – and obviously with something like this it is not regulated by the FCA or any body like that, so you have no chance of getting your money back. 

So we could run a review for six months, a year, longer even and everything could be running fine, with revenues being generated. At that point we would have to give it a positive rating based on the performance.

But then if things did suddenly collapse and it went bust, it would be too late. It would be no good us turning round and saying “sorry it’s a scam” because your monies would be gone.

So all we can say is have a good look at the post on 99 Bitcoins and see what you think. 

For us, a point that sticks out is that the kind of returns people are reporting in the comments section of that article could have been achieved just by purchasing some Bitcoin and holding it – without needing to be involved with the Bitclub Network and their mining operation.

That for us makes us wonder what the point in being involved with it is and moreover is a little suspicious. 

In any event, as we say either way we cannot be sure if it is a scam. But we feel there are enough doubts raised to make us sound a warning to you so you can make your own mind up.

 

 

 

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BitClub Network – New Review

18th July 2017

Over the last few years we have heard a lot about Bitcoin and have often wondered “what the dickens is it all about?”  

There seem to be never-ending news stories about how this “cryptocurrency” is changing the world and all sorts of strange things happening around it.

Like many things when they are new and groundbreaking in the way Bitcoin is, there is also often a lot of confusion about what they actually are.

So we recently decided to do some digging and find out what all the fuss is about.

 

What is Bitcoin?

Well, first up, let’s start with what it is.

Bitcoin is a digital currency that allows people to conduct a transaction directly between themselves without a third party like a bank, Paypal or Western Union.

This has the advantage of meaning the transaction doesn’t have any fees and is direct. 

It also allows people in some parts of the world who don’t have bank accounts but do have the internet to potentially trade. 

There is a fixed amount of Bitcoin that will be created in a fixed timeframe, which gives it a stable base.

It is also not controlled by any bank, government or corporation. 

 

Why So Much Excitement?

There has been a great deal of excitement around Bitcoin and you may be wondering why. 

Well, in addition to the advantages mentioned above about reducing fees for financial transactions and purchases as well as decentralising currency, Bitcoin has been generating excitement for another reason.

That reason has been it’s skyrocketing value!

Just this year, Bitcoin has gone from being worth $997 at the start of January to $2373 at the time of writing. 

But that’s nothing compared to its rise since May last year, when it was valued at $237 – so that’s a 1000% increase.

Or go back five years and it was worth just $10 – so that’s a 23,000% increase to today!

Or in other words, if you had bought $1,000 worth five years ago it would be worth $230,000 now.

Here are the gains in chart format:

Bitcoin Value Chart

Chart courtesy of Coindesk.com

It’s pretty insane and in one sense, you might think that getting in now would mean you’ve “missed the boat” so to speak.

But there are some analysts who say the Bitcoin revolution has only just begun and still has plenty of miles to run, claiming that it could be worth many times its current value in ten or fifteen years’ time.

Obviously no-one can say for sure where the value of Bitcoin is ultimately going to end up, but there are opportunities to be part of the revolution around it whatever happens to its value in the long run. 

 

What is BitClub Network?

One such opportunity we heard about recently around the Bitcoin phenomenon piqued our interest. 

This is something called the BitClub Network.

As the name suggests, it is a club that is involved with taking advantage of the Bitcoin revolution.

Basically they say that as a member there are a number of advantages: 

You can receive a share of the benefits of their “mining” of Bitcoin (mining is the backbone that allows Bitcoin to function. New Bitcoins are created as a reward for miners who secure & verify payments in the blockchain).

So by receiving a share of the Bitcoin they mine, you should receive considerably more Bitcoin overall then if you just bought some Bitcoin and held on to it.

Secondly, they are starting to mine other cryptocurrencies that you can take advantage of.

And finally they say they are creating their own currency which members will get the benefits of.

It looks like an interesting enough opportunity to test out, so we are going to join and run a trial of this and see how much we make from it.

The beauty of it is that it’s a completely passive investment so once you have joined and paid up you don’t need to do anything.

It costs $99 to become a member and then you have the choice of investing in shares of their mining pool, starting at $500 and going up to $2000.

Anyway, we will update this page periodically during the trial on how things are going.

In the meantime, you can check out the BitClub Network here.

 

 

 

genesis mining

Genesis Mining – Final Review

/3 Comments

It is now a year since we signed up to a contract to mine the cryptocurrency Monero with Genesis Mining and so it’s time to wrap up our review.

Basically Genesis Mining is a company that allows you to “mine” cryptocurrency – or in other words participate in verifying transactions on the blockchain and receive rewards for it. You receive a daily payout and can then transfer the proceeds from your Genesis account to another wallet and convert it to fiat currency (real money). 

You can choose to mine a variety of cryptocurrencies but at the time we signed up Monero was the best available so that was the one we chose to mine. 

The overall results are as follows:

  • Amount Invested: $819
  • Returns to Date: 1.83 Monero (current value = $82)

We still have a year left to run on our contract but even with that we are looking at a substantial loss here. Suffice to say this has been a disaster and one of the worst investments we have ever made.

The main problem in reality has been the crash in the cryptocurrency market that has affected the price of Monero (and just about all other cryptocurrencies).

At one stage, Monero was worth over $400 and at those prices we would have just about recouped our investment by now. 

But alas it is currently worth just $45 and the returns have therefore been pitiful. 

In terms of the mining itself, it has also been disappointing in that we were projected to receive 6 Monero per year at the start of our contract but have in fact received less than 2 so far. 

This is in large part down to increases in the “difficulty” of mining – or in other words more people participating in mining thus reducing the slice of the pie that each person gets. 

So there isn’t much left to say other than that this receives an epic FAILED rating from us and is not something we could recommend to anyone. 

Looking at the bigger picture, cryptocurrency had an astonishing run last year and those who got in early enough would have made a lot of money, but in reality it is a highly speculative market with most coins having no underlying value and many having no purpose.

It has also been a magnet for scammers and spammers of all kinds which has further tarnished cryptocurrency’s reputation and damaged its long-term prospects. 

Will the current slide in the market continue or will cryptocurrency someday recover its lustre?

Who knows, it is anyone’s guess really. But the wild ride experienced over the last couple of years should be a salutary lesson to everyone involved about the risks of participating in an unregulated investment and just how much markets can be driven by hype and hyperbole rather than fundamental value. 

No doubt someone will write a book about the whole thing at some point, but for the time being we are definitely out of the crypto markets and anything related to them. 

 

 

 

 

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Genesis Mining – Results Update

6th April 2018

It’s been a while since we updated our ill-fated investment in the cryptocurrency scheme Genesis Mining so we thought high time for an update.

The main news is that we have now mined one Monero in total, which is the equivalent of around $121 at the time of writing. That is from an initial investment of $819. 

Last time we reported that Genesis would no longer be able to mine Monero and would be mining other coins instead and converting them to Monero for those of us holding Monero contracts.

Well that all seems to have worked reasonably well, with payouts having resumed and actually increased over the last few days to around 0.006 Monero per day, which is the equivalent of around 2 Monero per year.

However, that is still well below the initial payouts we were receiving when our contract started and nowhere near enough to pay back our initial investment, unless Monero skyrockets in price at some point.

In that case though we would still have been better to just hold Monero originally rather than invest in mining, so either way this is looking like a dead duck and perhaps one of the worst investments we have ever made.

You live and learn as they say. 

 

 

 

 

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Genesis Mining – Results Update

6th April 2018

Well our investment in Genesis Mining has descended into farce since our last update.

Firstly, they have set a minimum payout level of 0.4 Monero, in what seems to us a completely arbitrary and unnecessary move. They don’t even show how much Monero we have mined, so we can’t even update our figures here.

Secondly, Monero is undergoing a fork and will switch to a new algorithm, meaning Genesis won’t even be able to mine it anymore. They say it’s ok, they will switch to “mining the best coins available and converting them to Monero for you.” But forgive us if we are a little sceptical.

Finally, the returns from mining have crashed so badly it’s probably all irrelevant anyway. 

So the bottom line here is that it looks like we would have been better just buying some Monero at the outset and holding it rather than investing in mining.

We certainly wouldn’t advise anyone to invest in cryptocurrency mining from Genesis or anybody else for the time being, unless things radically change. The bubble has well and truly burst. 

 

 

 

 

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Genesis Mining – Results Update

24th February 2018

We have earned another 0.08 Monero with Genesis Mining since our last update, which means we have now mined 0.81 Monero in total.

Unfortunately they have had problems with recording the payments so we aren’t able to update the daily results.

But the current situation is that we are earning around 0.004 Monero per day, compared to around 0.016 at the outset, so a massive drop. 

This is due to the mining difficulty increasing, which is indicative of more and more people entering the mining game, so the mining rewards are shared among a greater number of people. 

It’s not surprising really when you have something that’s so profitable and the barriers to entry are as low that every man and his dog wants a piece of the action.

The reality is that if the difficulty keeps increasing then we will end up mining pretty much zero Monero and it will be pointless.

At the moment it is looking like it probably would have been better to just buy six Monero with our $800 at the outset rather than buy a mining contract, because it looks very unlikely we are going to end up with more than six Monero. That is just how the cookie crumbles sometimes though, at the time it looked like a very profitable endeavour.

Anyway, we will keep on monitoring things and see if there is any way to improve our returns going forward. 

 

 

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Genesis Mining – Results Update

5th February 2018

We have earned another 0.23 Monero from our Genesis Mining contract, which means we have now mined 0.73 Monero in total since our contract started in November.

You can view full results here.

For some reason on our Genesis Mining account there are a few days missing, which means the total on our spreadsheet is less than we have actually mined. We have contacted Genesis Mining to ask them why that is the case.

Anyway, the 0.73 Monero we have mined so far would be quite good, apart from the fact that the recent cryptocurrency market crash has meant the price of Monero is back down to just $193 whereas it was over $400 a month ago!

Whilst that is disappointing, at the same time prices may well bounce back over the next few months, so unless you are wanting to cash out your earnings then it shouldn’t really be a problem.

 

 

 

 

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Genesis Mining – Results Update

3rd January 2018

We have now mined just over 0.5 Monero since our contract with Genesis Mining started around six weeks ago.

With Monero priced at $400 at the time of writing, that means we have made just over $200 worth of Monero in six weeks, which is pretty good.

You can view full results here.

Just a reminder that our original investment was $819, so we are nearly a quarter of the way to recouping our investment already.

As you can see from the results, the amount of Monero we are mining each day has dropped quite a lot since the start of the contract (by about half), but that is just a reflection of the price of Monero having more than doubled in that time, so the difficulty of the mining has increased and the two things pretty much cancel each other out.

Anyway, we are quite pleased with this as a passive income stream and once we have earned enough Monero, we could consider reinvesting it into more mining power to increase our earnings exponentially.

That time is quite a way off so we will have to wait and see what we do then, but it is a case of so far so good with Genesis Mining.

 

 

 

 

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Genesis Mining – Results Update

3rd December 2017

We are a couple of weeks into our investment with Genesis Mining and so far things have been going well.

We have mined 0.218 Monero so far, which equates to around $45 at the time of writing with Monero priced at $205 per coin. Our investment at the start was $819.

You can view full results here.

If the current rates continued, then we would end up with approximately 11.5 Monero at the end of our 2-year contract, which would be a return of around $2,340.

Things aren’t likely to stay at the same rate in terms of the amount of Monero mined though, because as the price goes up, the mining difficulty also goes up and you end up mining less coin.

Roughly speaking though the two things should even themselves out.

Either way, it’s looking like an excellent passive income investment so far as we haven’t had to do anything – just sit back and watch the Monero roll in. Good stuff.

 

 

 

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Genesis Mining – New Review

19th November 2017

Here at Honest Betting Review we have recently moved into the cryptocurrency space in the hope of landing some of the phenomenal returns that have been generated in it.

As well as buying some Bitcoin and other cryptocurrencies, we have also participated in ICOs (Initial Coin Offerings) of companies like Electroneum and joined lending platforms such as Bitconnect.

Now we are investing in the mining of cryptocurrencies, another way to potentially profit from the crypto world.

We recently started a review of the BitClub Network and will be mining some Bitcoin through that platform.

And today we are starting a new trial of another mining platform called Genesis Mining.

Just in case you aren’t familiar with the idea of mining crytocurrencies, basically what it entails is using considerable computing power to verify transactions made using Bitcoin and cryptocurrencies and to ensure their smooth functioning.

For providing these services, miners are provided with a share of the coin that is generated. This can be very lucrative if the coin being mined is valuable, for example with Bitcoin being worth over $7,000 currently.

Genesis Mining has been around for three years and is a reputable and well-known mining company. They apparently have over a million members and are the world’s leading cloud mining platform.

They have a level of transparency often absent from the crypto space, with members able to view their mining farms and there are a number of videos showing their mining operations in action.

By investing in a company like Genesis Mining, you are essentially renting the mining hardware for a fixed period for a given fee.

Then however much coin is mined each day is paid directly to you, which you can withdraw, invest in more mining or convert to another cryptocurrency.

Some of the advantages of Genesis Mining are that:

  • – The mining equipment is already set up so you can start earning straight away
  • – You can mine a range of cryptocurrencies including Bitcoin, Ethereum, Litecoin, Dash, Monero and Zcash.
  • – You can choose your payouts in different cryptocurrencies from the one mined in
  • – You can start mining with as little as $28
  • – You can pay by credit card so don’t need to go through the complex process of buying a cryptocurrency first

So all in all Genesis Mining looks like a very good offering and one we are looking forward to testing.

Unfortunately at the moment all their Bitcoin mining contracts are sold out, so having done some research we think the next best coin to mine at the moment is Monero.

So we have bought a Monero contract of 1000 H/s for $819.

The H/s is the mining power you are getting – the more powerful, the more coin you will mine.

Using the calculator at cryptocompare it estimates we would receive $825 profit per year, which would work out as a return on investment of over 200% over the 2-year lifetime of the contract.

However, that doesn’t account for the potential increase in the price of Monero over that time, nor for the potential to reinvest some of the earnings into more mining power.

So for example if we mined six Monero coins per year and the price of the coin doubled each year, we would actually receive $4680 worth of Monero and a return on investment of nearly 600%.

Of course, the price of Monero could actually drop and the difficulty of the mining could increase (reducing the amount of coin mined) so these numbers are just rough estimates really, but they give you some guidance as to what is possible anyway.

We will probably look to mine some other coins with Genesis Mining as well. It isn’t clear when Bitcoin will be available again, so we may mine some Ethereum and Litecoin in the meantime.

As we say with all cryptocurrency-related investments, if you are thinking of investing in this please only risk money you can afford to lose. Although Genesis Mining looks about as solid and legitimate as it gets in the crypto world, there is still a risk things could go wrong and you could lose your investment.

Anyway, in terms of th review we will update progress here regularly so you can see how we are doing with our mining.

In the meantime you can check out Genesis Mining and GET A 3% DISCOUNT on any purchase you make by using the Code 0yHBEq here.