In the world of crypto gambling, there are no limits to the kind of coins you can use to bet. As long as the cryptocurrency is supported by the online casino, you’re good to go.
Due to their stability, stablecoins have become the favorite of many crypto lovers. Unlike other cryptocurrencies, you can keep your mind at rest as their values do not fluctuate dramatically. This makes stablecoins the go-to choice for many when it comes to gambling online.
It doesn’t matter if you’re an expert at stablecoin casinos or you just want to get started, this guide is for you. We will walk you through the process of enjoying gambling online with different kinds of stablecoins.
Stablecoins are cryptocurrencies designed to maintain a stable value by pegging them to fiat currencies such as USD and EUR or to commodities like gold or silver. Unlike other cryptos that experience price volatility, stablecoins do not experience fluctuation.
Hence, stablecoin casinos are iGaming platforms that allow users to make payments or bet with stablecoins such as USDT or USDC. When it comes to gambling, stablecoins provide a balance between fiat and other cryptocurrencies. Just like other cryptos, stablecoins aren’t legal tenders in most nations. However, they are relatively stable like fiat currencies.
There are currently about 200 stablecoins in the world today but only some of them have become popular. The most popular stablecoins are also popular in the online gambling sphere. In this section, we introduce the most common stablecoins used for gambling.
Pegged to the US dollar, Tether is considered the world’s first stablecoin. It is currently the most widely used stablecoin in the world, with its popularity extending to online gambling. The multitude of Tether casinos (mostly called USDT casinos) attest to how popular it is in online gambling.
USDT was launched in 2014 by the company, Tether Limited Inc. It operates on various blockchain networks, including Bitcoin, Ethereum, Tron, and EOS.
USD Coin is another stablecoin which is backed by the United States dollar. It was developed by Circle and released in 2018 as an alternative to USDT. It operates mainly on the Ethereum blockchain, but also functions on Solana and Algorand. There are also a large number of USDC casinos as the currency is the second most used stablecoin.
DAI is an ETH-based stablecoin created in 2017 and anchored to the US dollar. The currency is regulated and maintained by MakerDAO, a decentralized organization. While not as popular as USDT or USDC, there are many DAI casinos. According to CoinMarketcap, DAI is currently the third largest stablecoin.
BUSD is the stablecoin created by the popular cryptocurrency platform, Binance, in partnership with Paxos. The coin is pegged to the US dollar and runs on the Ethereum blockchain. As of 2022, BUSD became the third-largest stablecoin by market capitalization. However, it has been overtaken by other stablecoins.
Launched by TrustToken in 2018, TUSD is another stablecoin pegged to USD. The currency gained prominence for being the first USD-backed stablecoin to get daily checks on its dollar reserves by independent third-party auditors. While it is not as popular as USDT or USDC, it is one of the top 5 stablecoins in the markets.
As mentioned, Stablecoins were designed to mitigate the volatility of cryptocurrencies. Therefore, they offer some advantages over other cryptocurrencies and also over traditional currencies. Below, we highlight the biggest benefits of playing at stablecoin casinos:
The disadvantages attached to gambling with stablecoins are minimal. Since price volatility is mitigated, the primary concern is regulatory limitations. Because most cryptos aren’t accepted as legal tender yet, only a few gambling authorities allow their licensed casinos to accept them.
While stablecoins are great for gambling, it is important to choose reputable online casinos. Only when you gamble at trustworthy sites will you enjoy a good experience. When looking for a good stablecoin casino to play at, consider the following:
Crypto casinos that accept stablecoins are just like other regular gambling sites. It takes less than five minutes to set up your account and start playing for real money. If you’re a complete newbie at iGaming sites, here are the steps to get started:
There are almost no kind of gambling games you won’t find at crypto casinos. They offer all categories, ranging from classic slots to the most sophisticated live dealers. Below, we highlight the major categories of games to expect
The best crypto casinos make sure players have enough bonuses to spice up their gaming experience. Regardless of your level on the site, you’ll always find an opportunity to claim free credits. Here are the popular types of bonuses offered at stablecoin casinos:
The banking system at stablecoin casinos is the same as the regular cryptocurrency gambling sites. Their transactions are mainly carried out over the blockchain, so players enjoy speed, security, and transparency. In addition to the stablecoins, crypto iGaming sites also accept many other cryptocurrencies, especially popular ones like BTC, LTC, DOGE, XRP, and BNB.
Both deposits and withdrawals are processed for free at the best stablecoin gambling sites. The only charges you have to prepare for are the blockchain network fees. What’s more, the best platforms process withdrawals almost instantly, so players can access their winnings within a few minutes.
Some crypto casinos also accept fiat currencies. Therefore, you can switch to currencies like USD, EUR, or GBP at any time you wish at these casinos. To accept fiat payments, the gambling websites feature traditional banking processors. These include cards like Visa and Mastercard, e-wallets like Skrill and Neteller, and online transfer methods like iDebit, UPI, and Interac.
Whether you want to deposit with USDT, BUSD, or TUSD, the process is the same. We have broken it down below
Withdrawals are as easy as deposits. You can make your request in less than one minute. Here’s how it’s done:
Whether you’re at home, in your office, or on a train, betting with stablecoins is easy. As long as you have an Android or iOS mobile device, you can connect to a crypto casino at any time.
The best crypto casinos are built with mobile optimization in mind, so they adjust smoothly to your device screen and browser. Online casino games are also created with HTML5 technology, which ensures you can play them easily on both mobile casino apps and browsers.
Punters who love sports betting can also enjoy wagering on sports events and leagues with their favorite stablecoin. Most top stablecoin casinos also offer sportsbooks, so it won’t be difficult to find where to bet.
Interestingly, their sportsbooks are usually loaded with various kinds of sports, including popular options like basketball, football, volleyball, badminton, cricket, rugby, handball, and tennis. The best crypto sportsbooks cover thousands of betting markets across all these sports. They also feature markets on both international and national sports events on different continents.
Regardless of which currency you’re betting in, it’s your responsibility to stay safe at all times. The first thing you must keep in mind is that betting on sports and casino games is mostly based on luck and there’s no guarantee of winning. Hence, gambling must be seen as a form of entertainment only and never a source of money.
With the above at the back of your mind, set a budget before you start gambling. Make sure whatever you set aside is an amount you can afford to lose. Then take the necessary measures that will help you stick to your budget.
Fortunately, the best stablecoin casinos we recommend on our site are committed to responsible gambling. They all offer enough restriction tools for you to control the time and money you spend on gambling. These include deposit limits, wagering limits, time limits, loss limits, cool-off, reality check, and self-exclusion.
Betting online with stablecoins is no doubt the best option for crypto gamblers concerned about the volatility of cryptocurrencies. Whether you’re betting with USDT, USDC, BUSD, or DAI, you enjoy stability. You won’t have to worry about the value of your casino earnings decreasing overnight.
What’s more, you enjoy all the benefits of crypto gambling when you use stablecoins. The casinos offer instant withdrawals, large collections of games, remarkable bonuses, effective customer support, and much more. They also provide secure platforms for you to gamble safely.
If you’re a holder of stablecoins, don’t hesitate to explore our list and find the most suitable casino right now. Don’t forget to utilize responsible gambling tools when necessary. Good luck!
It’s difficult to pick the best stablecoin for gambling as this depends on individual preferences. However, the most popular stablecoins are BUSD, TUSD, USDT, USDC, and DAI.
As long as it is legal to gamble with cryptocurrencies in your region, it’s also legal to bet with stablecoins. Find out what the gambling regulations in your country or region are.
Stablecoins are safe as they are based on blockchain networks, which are secure and transparent. However, not all casinos that accept them might be safe. You have to consider the casino’s license, security systems, and reputation to know if it is safe.
There are various bonuses available at stablecoin casinos for you. These include the welcome bonus, no deposit, free spins, reload bonus, cashback, rakeback, and many others.
To purchase a stablecoin or any other cryptocurrency, find a suitable exchange and register. After completing the necessary registration and verification steps, add a fiat payment method on the exchange platform to buy your crypto.
