Crypto Casinos

Amazing bitcoin casinos, crypto casinos and cryptocurrency news

Amazing bitcoin casinos, incredible altcoin casinos and cryptocurrency news go hand in hand in the crypto world. Be let em spin and do your research here!

let em spin offers cryptocurrency news and information and has some of the amazing Bitcoin Casino and Cryptocurrency Altcoin casino bonusses available. All information and news contained on this website is NOT intended as investment advice or to encourage gambling.

let em spin .com cannot be held responsible for any losses incurred.  Whilst we always aim to give as much information as possible, you must always DYOR (do your own research) and never invest more money than you can afford to lose.

For both crypto and crypto and bitcoin casinos 18+ Be Gamble Aware When the FUN stops, STOP! Gambling and crypto casino gambling can be addictive, if you or somebody close to you has a gambling problem, please seek help. 18+ Be Gamble Aware.

Anonymous gambling with cryptocurrencies just with an email address at Betplay casino
So what will you find on let em spin?
Cryptocurrency Ratings:

Be sure to check out the Wise Cryptocurrency Ratings for the worlds most in depth and accurate ratings for all the top cryptos. These ratings are based on facts and fundamentals rather than prices. Detailed stats and explanations are listed for all of the 15 key ranking factors and we are constantly monitoring changes and reviewing fresh information in order to keep these ratings as accurate and up to date as possible.

Wonderful Bitcoin Online Casinos, BTC:

Bitcoin casinos are online casinos that accept Bitcoin as a payment method. Bitcoin gambling has become increasingly popular in recent years due to the many benefits it offers. Some of the pros of using crypto to gamble include privacy, faster transactions, and lower fees.

However, there are also some cons to using Bitcoin for online gambling. One of the biggest disadvantages is that Bitcoin is still not widely accepted by online casinos but here at let em spin we select some of the best Bitcoin Casinos according to customer satisfaction and ease of use.  As always the value of Bitcoin can be volatile, which means that players may lose money if the value of Bitcoin drops even if winning in the casino. Whilst this is a huge disadvantage the reverse of this volatility can also be the case.

Pros and Cons of crypto casinos

In terms of the pros and cons of Bitcoin and cryptocurrency altcoin gambling, there are several things to consider. One of the biggest advantages is that Bitcoin transactions are fast and secure with many of these casinos using the Bitcoin lightening network to process transactions. This means that players can deposit and withdraw funds quickly and easily without having to worry about security issues.

Another advantage for many in the cryptocurrency world is that Bitcoin transactions are anonymous, which means that players can gamble without having to reveal their identity and in some instances, their location.

In summary, while there are many benefits to using Bitcoin for online gambling, there are also some drawbacks. Players should carefully consider these pros and cons before deciding whether or not to use Bitcoin for online gambling.

Important Cryptocurrency gambling Disclaimers:
18+ / 21+ Responsible Cryptocurrency Gambling:

You must be 18+ years old or 21+ years old (depending on your jurisdiction) before you are legally allowed to gamble at a crypto casino or a crypto sportsbook. General terms and conditions apply at cryptocurrency casinos and cryptocurrency sportsbooks and bonus terms and conditions apply on any casino or betting bonus should you choose to accept one. Always very carefully read all T&C’s.

You understand that you are using all information on this website at your own risk. let em spin does not hold any responsibility for any missing or wrong information. The cryptocurrency casino information provided is purely for information and Wisecryptos cannot be held responsible for any losses incurred

Vital Bitcoin Online Casino Player Support & Customer Services

It is very possible that at some point in your casino play you’ll require some form of assistance from the casino – this could be for any reason; verification, flushing a withdrawal, assistance with bonus offers etc.

It can be extremely frustrating playing at a casino that is not only hard to contact but one that is also dismissive or unresponsive so we look at their support methods very closely.  We particularly favour casinos that offer a live chat 24/7 facility as we believe this is the most efficient way for players to get their problems solved.

We also gather information about casino complaints from other websites and warnings about rogue casinos not on gamstop.

Problem gamblers if you are in the UK we would suggest a service such as GamCare or Gamblers Anonymous who offer free, non judgemental advice.

We also recommend using the Gamstop self exclusion service to exclude yourself from all UK online casinos and bookmakers.

If you have already self excluded then we advise you to avoid playing at bitcoin online casinos and altcoin online casinos not on Gamstop. With the anonymity of crypto casinos it is not possible for them to check your GAMSTOP, KRUKS, or SPELPAUS status VISIT GAMSTOP

Excellent Casino Verification Process

The first time you play at an online casino, the idea of verifying your account can be confusing and sometimes arduous.  After all, they are able to take your money without knowing who you are, but as soon as you want it back then you have to prove that you are who you say you are!  Despite most Bitcoin casinos and cryptocurrency altcoin casinos not having KYC (Know your customer) in some cases that’s the way it is for now at some casinos.

Verifying your account is the first thing you should do after registering and before depositing, it’s good practice to do this.  This ensures that when you do want to make a withdrawal it’s dealt with within the casinos withdrawal guide times and you won’t have to wait for your money.

We’ve heard of some pretty crazy verification processes from some rather unsavoury casinos that ask their customers to go to extraordinary lengths to verify their accounts, usually these are just stalling tactics.

Superb Online Casino Software Providers

A great casino always has a wide selection of games from the world’s best providers.  Casino’s are merely hosts for games, they don’t make the games themselves.

We all like different games so to cater for the wider market, the more software providers a casino has then the more choice the player has which is a good thing.

Some of the notable gaming providers to look out for are Netent, PlayN’Go, Quickspin and Pragmatic Play.

Cryptocurrencies in 2023: Legislation, Security, and Online Gambling

Cryptocurrencies are digital assets that use cryptography and blockchain technology to enable peer-to-peer transactions without intermediaries. They have been around for more than a decade, but they have gained more popularity and attention in recent years, especially in 2021, when the market capitalization of all cryptocurrencies reached over $2 trillion.

However, cryptocurrencies also face many challenges and risks, such as volatility, scalability, security, and regulation. In this blog post, we will explore how these issues are being addressed in 2023 and what implications they have for the cryptocurrency industry and its users.

Legislation and Security of Cryptocurrencies in 2023

One of the main challenges for cryptocurrencies is the lack of a clear and consistent regulatory framework across the world. Different countries have different approaches and attitudes towards cryptocurrencies, ranging from supportive to hostile. Some countries, such as China, India, and Turkey, have banned or restricted the use of cryptocurrencies, citing concerns over financial stability, money laundering, terrorism financing, and consumer protection. Other countries, such as Switzerland, Singapore, and Japan, have embraced cryptocurrencies and provided legal clarity and guidance for their development and innovation.

Global coordination and harmonization of cryptocurrency regulation

In 2023, we may see more global coordination and harmonization of cryptocurrency regulation, as several international organizations and standard-setters are working on setting the expectations and requirements for the market. For example, the Financial Action Task Force (FATF), the global anti-money laundering watchdog, has issued revised guidance on how to apply its standards to virtual assets and virtual asset service providers (VASPs), such as exchanges, wallets, and custodians. The guidance covers topics such as licensing, registration, supervision, customer due diligence, transaction monitoring, reporting, sanctions compliance, and information sharing.

Basel Committee on Banking Supervision (BCBS)

Another example is the Basel Committee on Banking Supervision (BCBS), the global standard-setter for prudential regulation of banks. The BCBS has published its final rules on the prudential treatment of cryptoasset exposures by banks in December 2022. The rules classify cryptoassets into two groups: Group 1 cryptoassets are those that are eligible for treatment under the existing Basel Framework, such as tokenized traditional assets or stablecoins that are backed by sovereigns or central banks. Group 2 cryptoassets are those that do not meet the criteria for Group 1 and pose additional risks, such as bitcoin and other cryptocurrencies. The rules require banks to hold a minimum capital requirement of 1250% for Group 2 cryptoassets, which is equivalent to a 100% risk weight.

Security and integrity of the cryptocurrency market

These regulatory developments aim to enhance the security and integrity of the cryptocurrency market and to protect the interests of investors and consumers. However, they also pose some challenges and costs for both traditional financial institutions and crypto native firms that want to participate in the market. For instance, they need to comply with various rules and standards across different jurisdictions, which may increase their operational complexity and burden. They also need to enhance their risk management capabilities and procedures to deal with the unique risks of cryptocurrencies, such as cyberattacks, thefts, frauds, hacks, or technical errors.

The Lightning Network and the Use Case of Cryptocurrencies in Online Gambling

Another challenge for cryptocurrencies is the scalability problem. The scalability problem refers to the limited capacity of the underlying blockchain networks to process transactions quickly and efficiently. For example, the Bitcoin network can only process about six transactions per second on average, while the Ethereum network can handle about 15 transactions per second. These numbers are far lower than those of traditional payment systems, such as Visa, which can process about 1, 700 transactions per second.

Usability and adoption of cryptocurrencies

The scalability problem affects the usability and adoption of cryptocurrencies, especially for applications that require high throughput and low latency, such as online gambling. Online gambling is a popular and exciting form of entertainment that allows people to play various games of chance, such as slots, poker, roulette, blackjack, and more. However, traditional online gambling platforms often have some drawbacks, such as slow transactions, high fees, limited privacy, and regulatory restrictions.

That’s why many gamblers are turning to crypto casinos, which are online gambling sites that accept cryptocurrencies as a payment method.

Crypto casinos offer several advantages over conventional online casinos, such as:
Faster and cheaper transactions: Cryptocurrencies can be transferred almost instantly and with minimal fees, thanks to their decentralized nature and peer-to-peer network. This means that gamblers can deposit and withdraw their funds more quickly and conveniently than using fiat currencies.
Greater privacy and security: Cryptocurrencies do not require users to provide personal or financial information to use them, unlike credit cards or bank transfers. This means that gamblers can enjoy more anonymity and protection from identity theft or fraud. Moreover, cryptocurrencies are secured by cryptography and blockchain technology, which make them resistant to hacking or tampering.
More choice and accessibility: Cryptocurrencies are not controlled by any central authority or intermediary, which means that gamblers can access crypto casinos from anywhere in the world, regardless of their local laws or regulations. Moreover, crypto casinos often offer a wider range of games and features than traditional online casinos, such as provably fair games, live dealers, sports betting, and more.
However, crypto casinos also face some challenges and risks that gamblers should be aware of, such as:
Volatility and unpredictability: Cryptocurrencies are known for their high price fluctuations and market movements, which can affect the value of the funds that gamblers hold or win. For example, if a gambler wins 1 bitcoin today, it might be worth $50,000 tomorrow or $30,000 the next day. This means that gamblers need to be prepared for the potential losses or gains that come with crypto gambling.
Lack of regulation and consumer protection: Cryptocurrencies are not regulated by any government or agency, which means that there is no legal framework or standard for crypto casinos to follow. This means that gamblers have less recourse or guarantee if they encounter any issues or disputes with crypto casinos, such as unfair games, delayed payments, or scams. Moreover, some crypto casinos may operate without a valid license or certification from reputable authorities or organizations, which can compromise their credibility and trustworthiness.
Technical complexity and learning curve: Cryptocurrencies are not as easy or intuitive to use as fiat currencies, which means that gamblers need to have some basic knowledge and skills to use them effectively. For example, gamblers need to know how to create and manage a cryptocurrency wallet, how to send and receive transactions, how to secure their funds from hackers or thieves, and how to deal with network congestion or errors.
Gamblers who want to try crypto gambling

Therefore, gamblers who want to try crypto gambling should do their research and due diligence before choosing a crypto casino. They should also be responsible and cautious with their gambling behavior and budget.

One of the possible solutions to the scalability problem is the Lightning Network, which is a second-layer payment protocol that operates on top of the Bitcoin blockchain. It enables near-instant and low-cost transactions by using Bitcoin’s native smart contract functionality.

The Bitcoin Lightning Network

The Lightning Network is composed of multiple bi-directional payment channels that handle transactions parallel to the main blockchain. A payment channel is a private connection between two users that allows them to exchange bitcoin without broadcasting every transaction to the blockchain. Instead, they only record the opening and closing balances of the channel on the blockchain.

To open a payment channel, both users need to lock some bitcoin in a multisig address that requires both signatures to spend. This creates a funding transaction that is broadcasted to the blockchain. Then, they can update their balance within the channel by exchanging signed transactions that spend from the multisig address. These transactions are not broadcasted to the blockchain but are kept off-chain as proofs of payment.

To close a payment channel, both users need to agree on the final balance and sign a closing transaction that spends from the multisig address according to their updated balance. This creates a settlement transaction that is broadcasted to the blockchain.

The Bitcoin Lightning Network also allows users to route payments through multiple channels

The Lightning Network also allows users to route payments through multiple channels without opening a direct channel with each other. This creates a network of interconnected channels that can facilitate payments across different users. For example, if Alice wants to pay Bob but does not have a direct channel with him, she can use an intermediary node that has channels with both Alice and Bob.

The Lightning Network offers several benefits for Bitcoin payments, such as:
Faster and cheaper transactions: The Lightning Network can process transactions almost instantly and with minimal fees because they do not rely on block confirmation or miner validation. This makes Bitcoin more suitable for micropayments and everyday purchases.
Greater scalability and capacity: The Lightning Network can handle millions of transactions per second because they are processed off-chain and do not congest the main blockchain. This makes Bitcoin more competitive with other payment systems and platforms.
More privacy and security: The Lightning Network can enhance the privacy and security of Bitcoin transactions because they are not recorded on the public ledger and are encrypted by default. This makes Bitcoin more resistant to censorship, surveillance, or analysis.

The Lightning Network can also improve the use case of cryptocurrencies in online gambling, as it can enable faster and cheaper deposits and withdrawals, as well as more privacy and security for gamblers. However, the Lightning Network is still in its early stages of development and adoption, and it faces some technical and operational challenges, such as network reliability, liquidity management, routing optimization, user experience, and interoperability.

Cryptocurrency Conclusion

Cryptocurrencies are changing the way we think about money and payments, as well as how we interact with online platforms and services, such as online gambling. In 2023, we may see more developments and innovations in the cryptocurrency industry, as well as more regulation and security measures. The Lightning Network is one of the promising solutions that can enhance

Unveiling the Future of Online Gaming: Crypto Casinos

In recent years, the world of online gaming has witnessed a revolutionary shift with the emergence of crypto casinos. These innovative platforms offer players a unique and secure way to enjoy their favorite casino games while harnessing the power of blockchain technology. In this post, we’ll explore the ins and outs of crypto casinos, highlighting their benefits, features, and the potential they hold for the future of online gambling.

What Are Crypto Casinos?

Crypto casinos, also known as cryptocurrency casinos, are online gambling platforms that allow players to wager and win using various digital currencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and others. Unlike traditional online casinos that rely on fiat currencies, crypto casinos operate exclusively with cryptocurrencies, offering players greater anonymity, transparency, and security.

The Rise of Crypto Casinos

The rise of crypto casinos can be attributed to several factors, including the increasing adoption of cryptocurrencies worldwide and the growing demand for decentralized and provably fair gaming platforms. Cryptocurrencies provide players with instant transactions, lower fees, and enhanced privacy, making them an ideal choice for online gambling enthusiasts.

Moreover, the underlying blockchain technology ensures transparency and fairness in gameplay, allowing players to verify the integrity of each wager and game outcome. This level of transparency fosters trust between players and operators, mitigating concerns about rigged or manipulated games often associated with traditional online casinos.

Key Features of Crypto Casinos

Anonymity: Crypto casinos offer players the option to gamble anonymously without disclosing personal information. Transactions are conducted using cryptocurrency wallets, providing an added layer of privacy and security.

Provably Fair Gaming: One of the most significant advantages of crypto casinos is their use of provably fair algorithms. These algorithms allow players to verify the fairness of each game outcome by examining cryptographic hashes and seeds generated during gameplay.

Instant Transactions: Cryptocurrency transactions are processed instantly, allowing players to deposit funds and withdraw winnings without delays. This rapid transaction speed enhances the overall gaming experience, enabling seamless and uninterrupted gameplay.

Lower Fees: Crypto casinos typically charge lower transaction fees compared to traditional online casinos, allowing players to retain more of their winnings. With minimal fees, players can enjoy more value from their gambling activities.

Global Accessibility: Cryptocurrencies are not bound by geographic restrictions or regulatory barriers, enabling players from around the world to access crypto casinos. This global accessibility expands the player base and fosters a diverse and vibrant gaming community.

The Future of Crypto Casinos

As cryptocurrencies continue to gain mainstream acceptance, the future of crypto casinos looks bright. With advancements in blockchain technology and increasing regulatory clarity, crypto casinos are poised to become a dominant force in the online gambling industry.

Moreover, the integration of innovative features such as non-fungible tokens (NFTs) and decentralized finance (DeFi) protocols could further enhance the functionality and appeal of crypto casinos. These features offer players new opportunities to engage with digital assets and participate in unique gaming experiences.

In conclusion, crypto casinos represent a paradigm shift in the world of online gambling, offering players a secure, transparent, and decentralized alternative to traditional casinos. With their unparalleled features and potential for innovation, crypto casinos are reshaping the landscape of online gaming and paving the way for a more inclusive and equitable gaming ecosystem. As the industry continues to evolve, crypto casinos are poised to lead the charge towards a decentralized future of online gambling.

About crypto casinos

Crypto casinos are one of the newest forms of online casino gambling that you might enjoy. We say “might” because there can be no denying that playing at a cryptocurrency casino is certainly not going to be easy and for everyone. You must have a good understanding of cryptocurrencies and how they work to play at a crypto casino, and even then, you’ll need to make sure you’re playing at a trustworthy site. It is time we took a closer look at cryptocurrency casinos…

Why play at a crypto casino?

Most crypto casinos aren’t shy about accepting players from anywhere in the world. Cryptocurrencies such as bitcoins offer a certain degree of anonymity, and most crypto casinos offer even more. This makes them instantly appealing to players gambling from countries where online gaming isn’t strictly legit. Playing at such sites is also ideal if you don’t want your gambling finances tracked. Since they are locked in the BlockChain, it is a lot harder for any snoops to identify what you’ve been doing.

Unlicensed and Provably Fair Casinos

Most crypto casinos aren’t licensed. Some may proclaim that they have a license out of Curacao, Costa Rica or some other far-flung part of the world, but most casinos aren’t recognised by mainstream licensing jurisdictions. Of course, not having a license potentially makes crypto casinos unsafe. There is a possibility that you’ll end up playing at a rogue casino.

However, there is a solution. A separate certification (known as Provably Fair) has been designed to identify those cryptocurrency casinos which play by the rules. These casinos are audited and check for fair play gaming, so if you want evidence that a crypto casino is safe even if it doesn’t have a license, the Provably Fair mark is the way go.

Which cryptocurrencies do these casinos accept?

Virtually all crypto casinos accept bitcoin as their primary currency. However, in recent years, several new cryptocurrencies have sprung up, and most major crypto casinos have been scrambling to incorporate them all.

Major and non-major cryptocurrencies which can be used at the best crypto casinos include Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Dogecoin. Players should check which cryptocurrencies a casino offers before they decide to sign up and play with them.

Playable crypto games and slots

This is where things get tricky. Most respectable crypto casinos will be able to offer you games from popular and recognisable casino software providers. However, you are unlikely to find the major Microgaming, Playtech and NetEnt slots in too many of these casinos. They seldom get involved with cryptocurrency casinos. If you do find a casino which claims to have the lot, you should do a little digging. There is a good chance that they may be featuring pirated games.

BetSoft Gaming, RealTime Gaming, Rival Gaming and other mid-level casino software providers have been known to get involved in crypto casinos, though. In-house software is also commonly found at such casinos.

Can I really trust a crypto casino?

It isn’t just crypto casinos which accept cryptocurrencies. Many mainstream online casinos have started accepting bitcoins, too. If possible, we’d always advocate playing in a recognisable online casino which just happens to accept cryptocurrencies, too, alongside other currencies. These will usually offer the best games, promotional and support packages to boot.

However, if you’re heart is set solely on a cryptocurrency only casino, then we recommend doing extensive background checking. The trouble with crypto casinos is that since most are unlicensed, it can be tough to tell the good from the bad. For every quality and trustworthy crypto casino out there, there is a site which is a scam and may tell you that they are legit when it fact they are rogue or blacklisted.

New crypto casinos

From time to time we will be bringing you new crypto casinos and crypto casino reviews. Sadly due to the large number of rogue crypto casinos these additions will be more sporadic and limited. We will only bring you the best crypto casino list and crypto casino bonus information rather than adding every clip joint that opens their virtual doors.

Always read the General Terms & Conditions before registering to a crypto casino. Before accepting a crypto casino bonus, remember that Bonus Terms and Conditions apply.

Gambling addiction help resources:

Gamblers Anonymous USA = www.gamblersanonymous.org

BeGambleAware UK = www.begambleaware.org

Self exclusion for UK players at Gamstop (For non Gamstop sites you will need to self exclude manually):

Gamstop UK =  www.gamstop.co.uk

Bet blocking software for non UK residents and for blocking casinos not on Gamstop:

Gamban = www.gamban.com