Casino gaming and sports betting has maintained remarkable growth despite slowing global economic trends. According to an industry report, the global online gambling market size will reach $19.16 billion by 2027, up from $13.1 billion in 2020, representing a 5.5% compound annual growth rate (CAGR) over a seven-year period.
With so much potential, a number of online gambling sites have implemented the use of cryptocurrencies for both deposits and payouts. Many players today are researching the best Bitcoin gambling sites due to the anonymity of crypto assets and their numerous benefits.
This guide will review the best crypto gambling sites and the best deposit bonuses to look out for.
Top Bitcoin Gambling Sites in 2023
Looking for the best Bitcoin online gambling sites? The following are some of the most well-known names in cryptocurrency gambling and their respective unique selling points (USPs):
- Lucky Block – Brand New Crypto Casino & Sportsbook
- HunnyCrypto – Top Gambling website.
- BC.Game – Top Bitcoin Gambling Site for US Players
- Cloudbet – Long-standing Crypto Gambling Site
- Metaspins – Top Crypto Gambling Site for Slots Play
- mBit – Best Bitcoin Casino Site Today
- Bitslot – Popular Gambling Platform for Cashback Bonus
- Winz.io – Crypto Casino and Sportsbook with No Wagering Requirement
- Punt Casino – Best Crypto Gambling Platform with Free Spins
- FortuneJack – Gambling Platform with Price Betting System
- BetOnline – Top Platform for Free Withdrawals
- Hell Spin – 3,400+ Versatile Gambling Games
- Thunderpick – Best Gambling Platform for Low Minimum Deposit
- Wild Casino – Popular Gambling Platform for High Reload Bonuses
- Betflip – 111% Deposit on Sign-up
- 1xBit – Best Bitcoin Gambling Site for Sports Betting
- Bovada – Top US Gambling Site That Accepts Bitcoin
Which Digital Currencies are Supported by Online Gambling Sites?
As we have stated throughout this guide, Cryptocurrencies play an important role in the operation of the best Bitcoin gambling sites. What are the most popular options for players, and which cryptocurrencies are used by the next generation of gambling operators?
Bitcoin, Ethereum, Litecoin, Dogecoin, and Solana are the most popular crypto gambling tokens. These coins are popular because of their large market capitalization, strong market presence, and, most importantly, their popularity and crypto brand awareness.
Bitcoin is the most popular cryptocurrency, accounting for roughly 40% of the cryptocurrency market. Because transactions are only settled between two parties in a peer-to-peer (P2P) fashion, the digital asset eliminates intermediaries.
Many people regard Bitcoin as a hedge against inflation and a store of value because of its limited supply (only 21 million coins will ever be mined). Bitcoin’s popularity has grown over time, propelling the emerging crypto space to a $3 trillion market cap in November 2021, making it the best crypto to buy.
The crypto asset is regarded as the pinnacle of decentralized currencies and has seen widespread adoption across various industries.
Ethereum is another well-known name and a popular choice among crypto gambling sites. It was introduced as a more advanced alternative to Bitcoin, and it makes use of smart contracts. Smart contracts are self-executing lines of code that allow for the creation of distributed applications and solutions.
Ethereum has grown in popularity and has served as the foundation for several ecosystems. It is the second most valuable cryptocurrency, accounting for 19% of the emerging market. Ethereum is also decentralized and is used for financial settlements by several ecosystems.
Dogecoin is a fork of the Litecoin network, which is a fork of the Bitcoin network. It is a meme token that was created shortly after Bitcoin gained popularity to mock the growing number of cryptocurrencies. Dogecoin was initially used as a tipping system for user-created content and views.
However, following a number of endorsements from billionaire entrepreneur Elon Musk and other investors, the joke coin has since become a top crypto asset. Dogecoin is now gaining traction as more businesses incorporate the meme coin into their payment systems.
Litecoin was introduced shortly after Bitcoin and aims to be the silver to Bitcoin’s gold. The protocol operates on a less energy-intensive algorithm and makes use of Scrypt technology. Litecoin also has a short coin bar and an estimated total supply of 84 million coins.
The blockchain network allows for faster transaction resolution and is significantly less expensive. Because of its speed, Litecoin is currently ranked as one of the top 50 most valuable digital assets and is preferred by crypto gambling operators.
Solana is another popular coin that players can use to fund their accounts at crypto gambling sites. The Solana blockchain is a high-performance, censorship-resistant scalable network that allows users to develop decentralized applications and execute low-cost transactions.
Solana is a popular ‘Ethereum killer’ because it is faster, cheaper, and uses less energy to verify transactions. The platform rose to prominence on the blockchain after breaking into the top ten most valuable crypto assets in 2021, less than two years after its official launch.
Although these are the most popular coins for most Bitcoin gambling sites, users should know that all supported coins incur blockchain miners or gas fees. This is the cost of validating transactions on the blockchain network.