Bitcoin and other cryptocurrencies have become a popular way to pay for goods and services since their inception over a decade ago. The most popular crypto-assets gradually have been added to the list of casino and sportsbook payment options.
As Bitcoin casino wagering is becoming a standard way of paying online in South Africa, more punters and casino players are eager to find out more about this digital currency and other popular ones. To help you, our team of crypto casino experts has compiled a guide to using cryptocurrency online casino sites in South Africa as well as an updated list of some of the best crypto casino sites 2024 for South African players.
Best Cryptocurrency Casinos - November 2024
Brief History of Cryptocurrency
Bitcoin or BTC is a decentralized digital currency. The virtual coin was invented in 2008 by Satoshi Nakamoto, the alias of the individual or group of people who took credit for the invention of the cryptocurrency coin. Bitcoin transactions are completed quickly and anonymously between users via a peer-to-peer network dedicated to Bitcoin. These transactions trigger no or very low fees.
All Bitcoin selling and buying transactions are recorded in a blockchain, which is a distributed ledger responsible for keeping and guarding all records. As Bitcoin is a safe payment option online it has turned into one of the most widely used cryptocurrencies that have been created ever since it was released. You may have heard of Litecoin, Ethereum, Dogecoin, Monero, and many others.
Litecoin, Ethereum, Monero, and Bitcoin Cash casino venues are similarly popular choices for players and punters in South Africa. In spite of the high volatility of crypto assets, crypto casino sites are highly trusted by millions of passionate gamers.
Popularity of Crypto Casino Gambling in SA
Lots of casino players and sports punters from South Africa choose to prioritize Bitcoin and other crypto-assets over fiat currencies every day. They do it because:
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they enjoy the anonymity and enhanced security
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the associated fees are very low
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crypto gambling allows online casino players to hide their identity and protect their confidential transactions from third parties
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they can enjoy quality, fun-filled provably fair gambling and sports betting at Bitcoin and other crypto casino sites and sports betting platforms
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they can choose from dozens of trustworthy Bitcoin casino sites online for players in SA
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most BTC casino sites in the country are highly reputable casinos have that been personally reviewed and picked by our experts as recommended casinos to wager real money
The Most Popular Cryptocurrencies Used By Online Casino Sites In SA
There are thousands of newfound ways of transacting money at an online casino for real money in South Africa. The following cryptocurrencies are the most popular of them:
Bitcoin Casino Gambling & Sports Wagering
There is an almost endless number of Bitcoin casino sites for players in SA. Choose your favourites and enjoy:
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multi-layer encryption solutions when making deposits and withdrawals
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extremely small deposit and withdrawal fees (usually 0.0001 BTC)
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fully transparent verification processes as a result of using the blockchain technology
At a Bitcoin casino, you will be allowed to wager without having to fill in your personal and financial data. You will, however, need to provide your Bitcoin wallet address, as well as a valid email address. Players and punters in South Africa particularly appreciate the fact that all Bitcoin funds are sent without the use of any intermediaries.
Where to buy Bitcoin for online casinos in SA
While you could mine your own Bitcoin, you can also buy it from a reputable exchange in SA. You may prefer to use Coinbase, Blockchain, Xapo and other similarly popular web wallets to keep your bitcoins safe. Once you have BTC use it to sign up and wager or bet at a new casino or sportsbook site online.
How to use Bitcoin in an online casino
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To make a deposit, link your bitcoin wallet to your new casino account.
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Fill in the amount you would like to deposit. The transaction is usually instant.
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To cash out funds, visit the banking page online, select the wallet where you would like to receive your money, and fill in the amount to complete the withdrawal request.
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Some BTC or BTC Cash casino sites manually process withdrawals requests for security reasons. This means the pending time might be longer.
Litecoin Casino Gambling and SportsBetting
Litecoin is slowly recording the same level of popularity as Bitcoin on gambling and sports betting platforms that accept cryptocurrencies. Some players consider LTC as the superior option when compared to BTC thanks to quicker transaction speeds.
Where can you buy Litecoin?
You can buy Litecoin from top coin exchanges in South Africa that also transacts Bitcoin such as Bityard, Coinbase, Crypto.com, or Coinmama.
How to use Litecoin in an online casino
Depositing and cashing out funds at a Litecoin casino is easy:
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Open a new account with a Litecoin exchange in SA and create a Litecoin wallet.
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Sign up for a new crypto casino player account;
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Add the selected Litecoin wallet as a banking option with the casino.
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Transfer funds between the LTC wallet and your casino account with the help of the deposit or withdraw buttons.
Ethereum Casino Gambling and Sports Betting
Ethereum is the second most popular crypto asset on the market. The developer of the Ethereum blockchain is also responsible for creating a system based on smart contracts. This made Ethereum more accessible and easier to use compared to Bitcoin.
Where to buy Ethereum
Try trusted traders like Coinbase, Gemini, or eToro. to get the best Ethereum exchange deals every day.
How to use Ethereum in an online casino
Follow the same steps used to open an online casino account at an Ethereum casino and make a first deposit using this crypto coin. For smoother transactions and zero fees, buy Ethereum using South African Rands.
Monero Casino Gambling and Sports Wagering
Monero (XMR) is another highly popular casino cryptocurrency preferred by South African players and punters. It provides full anonymity when transacting online since all Monero transactions are untraceable.
Where to buy Monero
Use exchanges like Binance, Poloniex, or Kraken to buy and sell Monero and get a Monero wallet for your online gaming needs.
How to use Monero in an online casino
For quick Monero deposits, use the GUI wallet. Top it up using standard exchanges to buy your coins using ZAR. Follow the regular cryptocurrency depositing and withdrawal steps to complete your transactions.
Pros and Cons of Using A Cryptocurrency Casino Online South Africa
Cryptocurrency casinos have many advantages that make them extremely popular in SA, as well as a small number of drawbacks worth mentioning:
Pros of Using Bitcoin at Online Casinos
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generous crypto bonuses, including no deposit bitcoin bonuses, free spins, or deposit match bonuses
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enhanced security through the blockchain technology
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Provably Fair games from top providers
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fast registration and casino transactions
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discretion
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no additional fees and extra charges
Cons of Using Bitcoin at Online Casinos
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high volatility expressed in the constantly fluctuating value of Bitcoin and other cryptocurrencies
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some technicalities associated with Crypto casinos might feel overwhelming for some players who do not know how to use wallet addresses and private keys
Ready to take advantage of the anonymity, zero fees, security, and top quality of a cryptocurrency casino or sportsbook in SA? Take your pick from our upgraded list of reputable Bitcoin casino sites for 2024!
