Wager using crypto for big rewards at Winz online crypto casino

Jump into the fun of gambling when you deposit cryptocurrency for betting at online casino Winz. Crypto is proving to be a popular transaction option for casino gaming, but what exactly is it about this payment method that makes it so good? 

From seamless payment to higher levels of security, join us as we explore the biggest reasons why so many players wager using crypto. Additionally, learn about the different cryptos that we support on the platform, like Bitcoin (BTC), Ethereum (ETH), Tether (USDT) and Litecoin (LTC).

Find out why cryptos and casinos go hand-in-hand and all the best games you can play using the currency. This includes slots, table games and live casino games that you can play at Winz.io Casino.

What is crypto?

Crypto is one of the top payment options in any online crypto casino worldwide. It uses blockchain technology and has a decentralised structure.

The blockchain consists of multiple layers and nodes that run the system’s software. Each node can record, communicate and secure the network, making them essential to its structure. On the other hand, the decentralised nature of crypto comes from how the network doesn’t rely on financial institutions like banks or government offices to work.

These factors work together to guarantee safe transactions, detailed documentation, anonymous transfers and the highest level of transparency between the casino platform and the player.

Different Winz.io crypto payment options

Let’s delve deeper into cryptocurrency casinos by learning about the most popular cryptos in the industry and what makes each of them special. The cryptos listed below are not only the most well-known but are payment options available at Winz.io Casino. 

Bitcoin

Bitcoin is a digital asset developed in 2009 by an unidentified individual or group under Satoshi Nakamoto's pseudonym. It is a currency that can only be produced, saved, and used online since it is entirely virtual.

This cryptocurrency was one of the first to gain traction in the public eye. This crypto coin gained public interest due to its decentralised nature and its development of blockchain technology.

Each time you make a Bitcoin transaction, the data is stored on the blockchain after Bitcoin miners review the legitimacy of your fund transfer. The transaction is permanently recorded once it’s been stored on the blockchain. That means it cannot be altered or manipulated by suspicious entities.

Ethereum

Ethereum is a global decentralised software platform based on blockchain technology. It’s best known for its native crypto, ether (ETH). 

Vitalik Buterin was the first to publish a paper defining the project in 2013. Soon after its introduction to the public, the project attracted more developers like Gavin Wood, Charles Hoskinson, and Amir Chetrit in 2014, and it was officially launched in 2015. 

Ethereum builds a peer-to-peer network for smart contracts or application code that can be safely executed and verified. Another highlight of ETH is that it uses a proof-of-stake (PoS) consensus mechanism to process transactions and create new blocks on a blockchain. As a result, these transactions will only take an average of 12 seconds to be completed.

Litecoin

Litecoin (LTC) is another popular crypto coin launched in 2011. It is a fork of Bitcoin (BTC) created using the open-source code of Bitcoin. It was made to be a quicker and lighter variant of Bitcoin, seeking to improve upon the system of its predecessor.

With 54 transactions per second (tps), Litecoin confirms transactions faster than Bitcoin, which only has 7 tps. Compared to Bitcoin, Litecoin also has better storage and a more advanced proof-of-work mining algorithm.

These qualities have guaranteed Litecoin’s spot as one of the best crypto coins for online gambling. Its fast transaction speed ensures you can enjoy your casino games without waiting long for your deposits to be processed on the blockchain.

Dogecoin

In 2013, Jackson Palmer invented Dogecoin as a joke. However, Billy Markus' assistance and the public's backing helped the cryptocurrency gain popularity. They both purchased the Dogecoin.com domain later in 2013 and launched Dogecoin at a token price of $0.10.

Dogecoin has a market valuation of $11.66 billion as of 2024. This shows that it has evolved from a meme coin to one of the most powerful competitors in the crypto space. With the help of a large community, 

Dogecoin's 33 transactions per second (tps) speed has made the coin a top choice among gamblers. The coin is favourable because it allows them to deposit and withdraw money quickly, making their gaming experience smoother.

Tether

Since its introduction to the public in 2014, Tether (USDT) has gained significant traction, rivalling industry titans like Bitcoin (BTC) and Ethereum (ETH).

What distinguishes USDT from other cryptocurrencies is its steady value, which is not subject to abrupt fluctuations. This results from its 1:1 anchoring to the US dollar's value. As a result, the abrupt changes in the crypto market will not diminish your profits and money.

Since it provides transparency, reliability, and reasonable transaction fees, USDT is also recognised as one of the greatest options for cryptocurrency betting. It ensures quick and economical transfers for your betting demands.

Ripple

Ripple Labs Inc. was originally founded in 2012 and named Opencoin until 2015. The company is responsible for developing the blockchain-based digital payment platform known as Ripple. 

The currency was created to address the lengthy and slow process of transferring money internationally between banking institutions. Specifically, to become a better alternative to SWIFT or the ‘Society for Worldwide Interbank Financial Telecommunications.’ 

Ripple’s open-source, peer-to-peer, and decentralised technology helps overcome this by enabling cross-border transactions across well-established financial institutions. This system improvement benefits Users from faster, low-cost, and more efficient transactions.

The platform's consensus engine, the Ripple Consensus Algorithm (RPCA), allows it to process 1,500 transactions per second. Furthermore, the average transaction fee is $0.00001, which pales in contrast to the $31 fee rise for Bitcoin in 2023.

Cardano

In recognition of the 19th-century mathematician and pioneer of computer programming, Ada Lovelace, the native Cardano token, ADA, was established. The network was developed in 2014 by Charles Hoskinson, the Ethereum co-founder, after a difference in opinion from Vitalik Buterin.

Cardano is a third-generation decentralised network and blockchain ecosystem that relies on Proof of Stake (PoS). It aims to provide a blockchain ecosystem that is more useful, scalable, interoperable, and sustainable than Ethereum. Cardano is preferred by many for offering a more robust and scalable blockchain with its Proof of Stake (PoS) consensus mechanism.

The 3 big benefits of using cryptocurrency in online casinos

Now that you know more about the top cryptos, let’s look at the advantages that come with using crypto to gamble below:

High-levels of security

On the blockchain, cryptocurrency transactions are stored as information or "blocks." Thousands of computers receive a copy of these encrypted records. The ability to cross-validate all data minimises the risk of malicious activity. 

There’s no way to alter the payment once a huge computer network has confirmed it. If anyone tries to manipulate or alter the record, other nodes on the block can reject it. 

Regardless of the rigid security system of most cryptos, many still want additional forms of protection. To ensure the security of your crypto when gambling, you can apply the following:

• Hold your private keys on cold wallets
• Keep your crypto protected in reputable wallets like Ledger Nano S, KeepKey and Exodus
• Use strong passwords with a mix of letters, numbers and symbols. 

Anonymous betting

Blockchain technology ensures the safety and anonymity of crypto casino players by using encryption to hide personal information from the blockchain record. It typically only shows data like the amount of money transferred and when the transaction was made, but not the account owner’s details.

This ensures no one can monitor your online transfers, even though the transaction logs are publicly accessible. This is particularly crucial for protecting your privacy and controlling your digital footprint.

Control over your money

Since cryptocurrency is digital and decentralised, it is neither supported by a central body nor controlled by traditional banks. This sharply contrasts conventional payment methods, such as bank transfers, which depend on the government and financial organisations like banks.

Blockchain technology allows currencies to be stored in the "cloud" rather than with a third party. You may access your money and transact with this technology anytime and anywhere.

Thanks to crypto's decentralised structure, you have complete control over your money. It denotes that neither a centralised body nor outside middlemen impose restrictions on your transactions.

Crypto casino games at Winz.io Casino

With all the big benefits of using cryptos laid out, you’re likely wondering what gaming options you have where you can use your cryptos. At Winz.io, you can use your crypto to play a wide selection of slot, crash, and table games.

Learn about each of these games and our recommendations below.

Slot games

Online slots are well-liked crypto casino games in which landing winning combinations promises impressive rewards. Regarding mechanics, players must stake their money, spin the reels, and wait for matching symbols to land that align with the paylines.

The game pays you according to the symbols that landed and your stake when a winning combination lands. To improve your gaming experience, various online slots also come with bonus features like bonus games, cascading reels, and free spins.

The Dog House by Pragmatic Play

The Dog House is an animal-themed slot game with an RTP of 96.51% by Pragmatic Play. Playing the game reveals a grid with 5 reels with 20 ways to win. In addition, the game’s symbols consist of high-low-paying cards like the 10, J, Q, K and A, while high-paying symbols look like the various dogs in the game. Wild and bonus icons are the game’s special symbols, while special features include multipliers and Free Spins.

Crash Games

The Crash gameplay is characterised by its simplicity, short rounds, and a chance to win big rewards. Aviator, Plinko and Dice are a few well-known examples of this game.

With its simple mechanics, crash games provide a fresh and exciting way to gamble. This game is especially appealing for gamblers with high-risk tolerance who enjoy the thrill of a luck-based game. 

We highly recommend trying out these two popular crash games at Winz.io:

Aviator

In Spribe's Aviator, players guess when the jet will hit its highest multiplier point before crashing to win rewards.

A plane with a multiplier will take off at the beginning of the round, and the longer it stays on the screen, the larger the multiplier value. You must claim your winnings before the plane crashes, as this multiplier will return to zero. Players can collect their payouts anytime while the aircraft is still in the air.

Table games

Table games are staples of online casinos like Winz.io crypto casino, offering some of the most popular games like baccarat, roulette, poker and blackjack. Each game has different mechanics and rewards in store, making them fun for various gamblers.

For example, thrill-seeking players can play luck-based games like roulette and baccarat, where high skill levels aren’t necessary. For others who enjoy the fun of strategising, blackjack and poker is a more thrilling option. 

Test your luck with our recommended table games at Winz.io:

Indulge in a crypto casino classic when you play Baccarat by Habanero. This game is similar to a standard game of baccarat, where your goal is to predict which hand, between the Player's or the Banker’s hand, is closest to the value of nine. You may also choose to wager on a tie if you believe that the Player's and Banker's hands will be equal in value.

How to deposit and withdraw using crypto

Depositing funds and withdrawing your rewards from Winz.io Casino only takes a few clicks. Learn how to start betting and grabbing your hard-earned prizes with the step-by-step guide below.

Jump into the fun of crypto betting at Winz.io

As a premier crypto gambling platform, Winz.io Casino wants to ensure that you have a seamless and easy transaction process. To do this, we provide many Winz.io crypto options to ensure our seamless payment process. 

Deposit today and enjoy a new way to gamble when you play crypto games at Winz.io. In addition, enjoy your hard-earned wins fast through our quick and easy crypto withdrawal process. Start your journey at Winz and win big with your crypto wagers today!

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