Since their emergence in 2009, cryptocurrencies have steadily gained traction as a legitimate and increasingly popular method of online payment. This trend is particularly visible in the online casino industry, where the advantages of fast, borderless, and bank-independent transactions are highly valued by players.
In this article, we explore how cryptocurrencies are used for deposits and withdrawals in online casinos, the most widely supported tokens, typical transaction fees and limits, as well as the risks and benefits of using crypto as a gambling payment method in 2025.
In the past few years, crypto casinos have moved from being a niche novelty to a serious contender in the payment options offered by reputable gambling platforms. Many licensed operators now support crypto deposits and withdrawals alongside traditional payment methods, often with comparable casino bonuses and faster processing times.
However, not all crypto casinos are created equal. Some offer seamless support for multiple tokens and zero internal fees, while others impose strict limits, slow processing, or minimal bonus eligibility for crypto users. That’s why it’s essential to know what to look for before choosing a site.
Most of the online casino operators we offer through Kingbonus do have crypto payment as an option. Here are our most popular choices:
Cryptocurrencies are decentralized digital assets that allow peer-to-peer transactions without the involvement of banks or traditional financial institutions. These tokens operate on blockchain technology, which acts as a tamper-proof ledger that records all movements of value.
Because they are independent of central control, cryptocurrencies are inherently resistant to censorship and external interference. They are also programmable, which has given rise to a wide range of blockchain applications—from smart contracts to tokenized assets and decentralized apps.
As of 2025, the global crypto market is valued in the trillions, with Bitcoin, Ethereum, and stablecoins like USDT leading the charge in both transaction volume and adoption by online casinos.
Bitcoin was introduced in 2009 by the pseudonymous developer Satoshi Nakamoto. It was born out of a desire to create a trustless, decentralized alternative to fiat currencies — one that removed banks and governments from the equation. Blockchain technology provided the necessary transparency and immutability to make this vision possible.
In the early days, Bitcoin was used mostly by tech enthusiasts, and its price was highly volatile. But as the technology matured, more investors and developers entered the space, leading to a boom in new projects — including Ethereum, which introduced programmable smart contracts in 2015.
The 2020s saw increased institutional adoption, with major companies accepting crypto and launching crypto-related financial products. Today, there are thousands of cryptocurrencies, but only a handful are widely used for real-world transactions — particularly in the online casino industry.
While thousands of cryptocurrencies exist, only a small number are accepted by online casinos as valid payment methods. The key criteria for acceptance are high liquidity, broad market recognition, and a stable trading volume. In practice, most casinos focus on a handful of major cryptocurrencies with a proven track record in real-money transactions.
Bitcoin remains the most widely accepted cryptocurrency in the gambling industry. It is often the default option for crypto deposits and withdrawals due to its longstanding dominance and large user base. Ethereum has also become a common choice, particularly appreciated for its faster confirmation times and the flexibility offered by its smart contract capabilities.
Stablecoins have gained significant ground in recent years, with USDT (Tether) standing out as the most frequently supported. Because its value is pegged to the US dollar, Tether appeals to players seeking a more predictable bankroll without the volatility typically associated with crypto markets. Litecoin and Bitcoin Cash are also commonly supported, valued for their low fees and quicker processing times compared to older blockchain protocols.
Some casinos support additional cryptocurrencies such as XRP, Dogecoin, and Cardano, but these are less consistently offered across platforms. More speculative tokens or meme coins are rarely accepted due to their unstable pricing and low real-world utility in the payments ecosystem.
Depositing with cryptocurrency is a quick and streamlined process, provided the player already has a crypto wallet with sufficient funds. Most online casinos have a dedicated deposit section within the player account, where supported payment options are clearly listed. After selecting cryptocurrency as the method, players choose the desired token and enter the amount they wish to deposit.
The casino then provides a unique deposit address, either in the form of a scannable QR code or a plain-text public key. Players must ensure that they send the funds to this exact address via their wallet. Once the transaction is confirmed on the blockchain, the casino account is typically credited within minutes. As with all blockchain transfers, the process is irreversible, so careful attention to detail is crucial when initiating the payment.
Withdrawing funds via cryptocurrency works in much the same way as depositing. The user navigates to the withdrawal section of their casino account and selects cryptocurrency as the preferred payout method. They must then input their wallet’s public address and confirm the amount they wish to withdraw.
Most casinos process crypto withdrawals more quickly than fiat methods, and payouts are often completed within one hour, depending on network congestion and internal processing times. Before making a withdrawal, players are typically required to complete full account verification. This includes ID and address confirmation in line with standard anti-money laundering protocols. Once approved, the withdrawal is sent to the specified wallet address, with no intermediary bank involved.
Every online casino sets its own limits on cryptocurrency deposits and withdrawals. These limits vary depending on the operator, the token used, and the player’s account status. As a general guideline, minimum deposit amounts tend to range between 10 and 30 euros, with Bitcoin often requiring a slightly higher threshold compared to altcoins or stablecoins.
Maximum deposits are usually capped at around 5,000 euros per transaction, although higher limits may be granted to VIP or high-volume players. Minimum withdrawals are often set at 30 euros or more, primarily to ensure that the transaction costs do not outweigh the amount transferred. Likewise, withdrawal ceilings are typically set in the 5,000 euro range per day or transaction, though again these limits may be adjusted based on player tier and account activity.
While many online casinos advertise cryptocurrency payments as fee-free, it is important to recognize that third-party costs still apply. These fees are not charged by the casino itself, but rather by the blockchain network, wallet provider, or exchange used to convert between fiat and crypto.
Network fees, sometimes referred to as gas fees, are required to process transactions on the blockchain. The amount varies depending on the token and the level of congestion at the time of transfer. For example, Ethereum used to suffer from high gas fees during peak periods, though recent protocol upgrades have stabilized transaction costs.
In addition, some wallet providers charge a service fee for executing transfers, typically ranging between one and two percent of the transaction value. If the player is converting funds on a centralized exchange before depositing, further fees may be added by the platform. Therefore, while casinos themselves may not charge fees, the total cost of a transaction can vary depending on the user’s specific setup.
A growing number of online casinos now offer tailored promotions for users who choose to deposit with cryptocurrency. These bonuses are often equal in value to standard welcome offers but may be distributed in crypto tokens rather than fiat equivalents. Some casinos even offer exclusive promotions reserved for crypto users.
In most cases, new players can expect to receive a matched deposit bonus when funding their account with crypto, such as a 100% bonus up to a predefined limit in Bitcoin or Ethereum. Certain platforms also provide free spins or reload offers tied specifically to crypto deposits.
It is essential to read the terms and conditions associated with each bonus. Wagering requirements for crypto bonuses tend to range between 35x and 45x, with time limits usually set between seven and fourteen days. Some bonuses are offered as non-sticky, meaning the deposited amount must be played through before the bonus activates. In addition, casinos may restrict the use of bonus funds on certain games, particularly jackpot or live dealer titles.
Cryptocurrency payments offer several clear advantages for casino players. One of the most significant is the speed of withdrawals, which can be completed in a matter of minutes compared to days with traditional bank transfers. Because transactions occur directly on the blockchain, players are not dependent on bank approval or processing windows.
Privacy is another key benefit. Crypto payments do not require any interaction with a bank account or card issuer, which means they do not affect the user’s credit rating or appear in financial statements. For many players, this added discretion is a compelling reason to choose crypto over fiat.
In terms of cost-efficiency, cryptocurrencies often result in lower total transaction fees, especially for cross-border transfers. Players also benefit from exclusive bonuses that are only available when using crypto as a payment method.
Despite the benefits, cryptocurrencies also come with specific drawbacks. Price volatility is one of the most pressing concerns. The value of a player’s crypto holdings can fluctuate significantly between deposit and withdrawal, introducing an extra layer of financial risk.
Security is another issue. Users must take responsibility for their private keys and wallet access. If a private key or seed phrase is lost or compromised, there is no way to recover the funds. Additionally, the technical knowledge required to manage crypto wallets and execute transactions may be intimidating for beginners.
Finally, not all casinos accept cryptocurrency payments. Although adoption is growing, fiat remains the dominant method in many regions, and players may find that their preferred platform does not yet support crypto transactions.
For players who prefer not to use cryptocurrencies, there are still several effective alternatives that offer a degree of anonymity and fast processing. E-wallets such as Skrill, Neteller, and MiFinity remain popular for their speed and flexibility. These services operate independently of banks and often support instant deposits and withdrawals.
Prepaid vouchers, like Paysafecard, offer another privacy-focused solution. Users can deposit funds using a 16-digit code without linking a bank account or card. For those who prioritize simplicity, bank cards such as Visa and Mastercard remain widely accepted, though withdrawal times are generally slower.
Services like Revolut and other digital banks offer a hybrid experience, allowing users to switch between fiat and crypto within a single platform. However, fee structures vary, and not all support direct gambling transactions.
The use of cryptocurrency in online casinos introduces unique considerations for responsible gambling. Unlike fiat deposits, the value of crypto funds can increase or decrease rapidly, which may encourage impulsive decision-making. For this reason, players are strongly advised to treat crypto gambling as a form of entertainment, not investment.
It is important to only play with funds that can be comfortably lost, and to avoid using crypto assets intended for long-term savings or other financial goals. Where possible, large crypto holdings should be kept in secure offline wallets, rather than casino accounts.
Setting clear limits on deposits, playing time, and losses remains essential. Players should remain aware of market conditions, but avoid letting price fluctuations dictate their gambling behaviour. Staying in control of both one’s gameplay and crypto usage is key to maintaining a positive experience.
Cryptocurrency has become a practical and widely accepted method of payment in the online casino industry. Its speed, privacy, and independence from the traditional banking system make it an attractive choice for many players in 2025. Whether using Bitcoin for its reputation, Ethereum for its efficiency, or a stablecoin for its predictability, crypto offers a flexible alternative to fiat transactions.
Understanding the associated risks, fees, and technical requirements is essential before adopting crypto for gambling. However, with proper care and a responsible approach, cryptocurrency can enhance the overall user experience — offering faster payments, increased privacy, and access to exclusive offers across many trusted platforms.
Lead streamer and expert on online casinos.
Natvig has been in the industry since 2019. He started streaming on Twitch and has later expanded Kingbonus into Instagram, Youtube and Kick.
