Jean Gabriel | January 4, 2023 | Updated on: January 10th, 2023
Top Cryptocurrency Casinos in Australia
Find the Best Cryptocurrency Casinos in Australia with Casino Inquirer and our team of experts. Is it safe to use cryptocurrencies at online casinos, and how does it all work? Our team of experts has prepared this detailed breakdown to acquaint new players with using crypto at Aussie casinos.
We will guide players on using cryptocurrencies for online gambling in Australia and the benefits and drawbacks of using crypto. There are several popular cryptos that are accepted by top casinos, including Bitcoin, Litecoin, Ethereum, and more. Let’s dive in and learn everything about using Cryptocurrencies at Australian Online Casinos.
Best Casinos that Accept Cryptocurrency
What is Cryptocurrency?
The best way to think of Cryptocurrency is that it is a virtual currency and an alternative means of banking to traditional methods. Cryptocurrencies are not controlled by any banking institution or government. Crypto is completely decentralised, with Blockchain controlling the currency.
All transactions are logged into the crypto’s ledger, which can be viewed by anyone. This helps boost the security, as the ledger cannot be altered or manipulated by anyone.
Using Cryptocurrency at Australian Online Casinos
Using Cryptocurrency at Aussie casino sites is relatively easy. It just requires a few extra steps to be completed before your first deposit or withdrawal. Once a player has chosen their exchange and created their crypto wallet, it will be as simple as any other banking option.
Below we have outlined the steps players will use to both deposit and withdraw funds from their chosen casino.
Cryptocurrency Deposits
If you intend to deposit funds into your account using Cryptocurrency, follow the steps below.
- Step 1 – Your first step will be to obtain your crypto of choice. You will need to head over to a cryptocurrency exchange and purchase your crypto.
- Step 2 – Set up your crypto wallet and transfer your newly acquired cryptocurrency to your wallet.
- Step 3 – Select a top casino site from our recommended list and create your account. Fill in the required information, and your account will be ready to go in minutes.
- Step 4 – Head over to the Cashier section and make your deposit. Select your cryptocurrency and input your wallet details. Then select how much you want to deposit and click confirm.
- Step 5 – Your deposit should clear instantly, and then your funds will be available to you. Once your funds clear, head over to your favourite casino game and start playing for real money!
Making Withdrawals with Crypto
Making withdrawals with Cryptocurrency is as easy as any other banking option. Follow these steps, and you will have your winnings withdrawn in no time!
- Step 1 – Before you can withdraw any winnings, make sure you have cleared any wagering requirements from any claimed bonuses. If you have not cleared the wagering requirements, you will not be able to withdraw your winnings.
- Step 2 – Head over to the cashier section and select Withdrawals. Choose your crypto and put in the amount you want to withdraw.
- Step 3 – Next, input the details of your wallet. The funds will then be transferred. This should take less than 24 hours.
- Step 4 – You can now sell your crypto at a crypto exchange and transfer the money into your bank account.
Advantages of Using Cryptocurrency in Australia
Every banking option comes with its own advantages and disadvantages. When it comes to using Cryptocurrencies at Australian casino sites, there are plenty of advantages. Below are some of the reasons you should seriously consider using crypto.
Safest Deposits
Cryptocurrencies offer Australian players some of the most secure ways to deposit money at a casino site. All deposits are recorded onto a public ledger in the blockchain. This means the player or casino cannot dispute the payment.
Fast Payouts
Most payout options at Australian Casino sites can take several days to clear a payment. This is due to the internal security checks that need to take place. However, due to the Blockchain technology used and the security it provides, payouts can be completed much faster. In most cases, it will take less than 24 hours.
Larger Limits
Most Cryptocurrencies come with larger banking limits than eWallets or debit/credit cards. While this is not always the case, it most often is. Some casinos even allow unlimited sized deposits when using crypto. Withdrawal limits are more often in line with other deposit methods, but sometimes they can be higher as well.
Completely Anonymous
Because cryptocurrencies aren’t tied to any banking organisation, they are far more private than other banking options. This also makes it much harder, if not impossible, for hackers to steal any information.
Most Popular Cryptocurrencies in Australia
Bitcoin may have been the first Cryptocurrency to gain popularity, but it has certainly not been the last. The most popular and common cryptocurrencies at Australian Casinos are also the most established. These include the likes of Bitcoin, Bitcoin Cash, Ethereum, Dash, and Litecoin. Below you will find information about the most popular cryptos available at Aussie casinos, including some general information about deposits, withdrawals, and more. This information will not be completely accurate for all casinos, so always double-check the limits at your chosen casino site.
Bitcoin
Bitcoin holds the distinction of being the first cryptocurrency, and it remains the most popular today. Bitcoin is also the most common crypto found at online casinos in Australia. It is safe and secure and has earned its place as a trusted banking option.
- Deposit Limits – AU$20 – AU$25 000
- Withdrawal Limits – AU$20 to AU$10 000
- Fees – No Fees
- Deposit time – Instant
- Withdrawal Time – Typically less than 24 Hours
Bitcoin Cash
Bitcoin Cash launched in 2017 and split from the original Bitcoin. The idea behind Bitcoin Cash was to increase the capacity of Bitcoin’s Blockchain. The Blockchain is around 8x larger than Bitcoin. Bitcoin Cash costs significantly less to buy than Bitcoin but comes with the same safety and security perks.
- Deposit Limits – AU$20 to AU$25 000
- Withdrawal Limits – AU$20 to AU$10 000
- No Fees
- Deposit Times – Instant
- Withdrawal Time – Less than 24 Hours
Litecoin
Litecoin was the second cryptocurrency to be invented and debuted around two years after Bitcoin. It was created by a former Google Programmer, who wanted to create a crypto that was even faster and better than the original.
The Blockchain used by Litecoin is four times bigger than Bitcoin’s. This created a cryptocurrency with even faster payments and greater growth potential. Litecoin is a great choice for gamblers familiar with Bitcoin but want an improved experience.
- Deposit Limits – AU$20 to AU$25 000
- Withdrawal Limits – AU$20 to AU$10 000
- No Fees
- Deposit Times – Instant
- Withdrawal Time – Less than 24 Hours
Dash
Dash was launched around six years after Bitcoin. While it has not gained as much mainstream recognition, it is still worth consideration. The main aim behind Dash was to offer levels of privacy never seen before. Dash is perhaps one of the most secure cryptocurrencies out there.
- Deposit Limits – AU$20 to AU$25 000
- Withdrawal Limits – AU$20 to AU$10 000
- No Fees
- Deposit Times – Instant
- Withdrawal Time – Less than 24 Hours
Ethereum
Ethereum is quite a unique cryptocurrency. Ether can be used as a digital currency, similar to any other crypto, and can be traded like Bitcoin, Litecoin, or any other. However, Ether is also a Cryptographic token that can be used to run applications and monetise work on the Ethereum Platform.
- Deposit Limits – AU$20 to AU$25 000
- Withdrawal Limits – AU$20 to AU$10 000
- No Fees
- Deposit Times – Instant
- Withdrawal Time – Less than 24 Hours
Other Cryptocurrencies
It wouldn’t be an over-exaggeration to say that Cryptocurrencies changed the financial world. It is no surprise that since the popularity of crypto has increased, there have been many others created. The five we mentioned above are not the only ones out there, and they’re not the only ones accepted at Australian casino sites.
Below are some others you may come across when gambling online in Australia. Many have not gained as much popularity, so they might not be that easy to find.
- 0x
- Dogecoin
- Stratis
- Ripple
- Monero
- Zcash
- Novacoin
How we Choose an Aussie Crypto Casino
Choosing a top cryptocurrency casino for Australian players follows much the same process. Before recommending a crypto casino to our readers, we look at a wide range of aspects. Below is a breakdown of what we look at, which should help you to know what to look for.
- Player Safety – Our most important consideration is always the safety and security of our readers. We will never recommend a crypto casino if we do not believe it is 1005 safe and secure. The last thing we want is for our readers to land up playing rigged games and being scammed.
- Crypto Selection – If your main focus is looking for a cryptocurrency casino, you must make sure you choose a gambling site with a wide selection of trusted crypto deposit and withdrawal methods.
- Games – The heart of any Australian Casino site is the game selection. We look for casinos that have massive selections of games from multiple different providers. We like to see a wide range of pokies, table games, specialty games, and live dealer titles. We want to make sure when our readers sign up at a cryptocurrency casino; they never run out of games to play.
- Bonuses – Aussie players love their casino bonuses, so we make sure the casinos we recommend offer the best bonuses around. The casino will get extra bonus points if there are additional exclusive bonuses for crypto users.
History of Cryptocurrencies
Cryptocurrencies were developed following the 2008 global recession. A Mysterious Japanese programmer named Satoshi Nakamoto is said to be the inventor of Bitcoin. No one knows for sure who this is, but there are some people who claim they are Nakamoto. Bitcoin burst onto the scene on the 3rd of January 2009.
Many established financial experts were initially sceptical, but it didn’t take long for businesses and consumers to start to embrace Bitcoin. The next big event in the history of cryptocurrencies was the launch of Litecoin in October of 2011. It was faster to mine and a larger Blockchain. Litecoin allowed for 84 million Litecoin, compared to 21 Million Bitcoin.
Then in 2014, the next crypto was launched, Ethereum. In many ways, Ethereum was even more ambitious than its predecessors. The following year, in 2015, Dash was launched. The focus of Dash was privacy. Then in 2017, Bitcoin Cash separated from Bitcoin. The purpose behind the separation was to increase the limit of Bitcoin’s blockchain.
Other Popular Casino Banking Options
- American Express Casinos
- Bitcoin Casinos
- Bitcoin Cash Casinos
- Credit Card Casinos
- Ethereum Casinos
- MasterCard Casinos
- Neosurf Casinos
- Neteller Casinos
- Skrill Casinos
- Visa Casinos
- Wire Transfer Casinos
Cryptocurrency Casino FAQs
Yes, cryptocurrency is one of the safest banking options available. We only recommend the safest Australian Online Casinos to our readers, so you’re guaranteed safe and trusted casino games, plus a secure banking option.
Yes, they do. There are many Australian casino sites that permit players to use a wide range of cryptocurrencies to be used for both deposits and withdrawals. As cryptocurrencies have gotten more popular, almost all casino sites accept some form of crypto.
After Bitcoin launched in 2009, it took around a year before casino sites started to accept cryptocurrency. In the beginning, casino sites were designed around cryptocurrencies, and these were the only banking options that were accepted. However, in time, casinos began to offer both crypto methods and traditional banking options.
The most popular cryptocurrencies used at Australian Casino sites include Bitcoin, Ethereum, and Litecoin. These aren’t the only ones you will find, though, but these are the most popular.
No, there are no fees associated with using Bitcoin or other cryptos. Whether you are depositing or withdrawing funds, you will encounter no fees.
In most cases, when using cryptocurrencies at Australian casino sites, players will get much better banking limits. The minimum deposit amount is typically the same as traditional banking options, but the maximum deposit limit is much higher. In some cases, it can even be unlimited. For withdrawals, the minimum withdrawal is often lower than many traditional banking options, while the maximum withdrawal is similar.
Cryptocurrencies offer some of the fastest transactions times of any banking options at Aussie Casino sites. When it comes to deposits, the transaction will clear instantly. However, this isn’t that special, as all other deposit options will also clear instantly. The real benefit is when withdrawing. Most withdrawal methods take a few days, in some cases, up to ten business days. Cryptocurrency withdrawals tend to clear within 24-hours, but in many cases, you can expect your winnings in less than two hours.