What are 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.
Top Stablecoins for Gambling Online
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.
Tether (USDT)
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 (USDC)
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 (DAI)
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.
Binance USD (BUSD)
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.
TrueUSD (TUSD)
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.
Why You Should Gamble with Stablecoins
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:
- Price Stability: The stable value of these coins is their biggest advantage over other cryptos. Whether you’re holding or gambling with them, you won’t have to worry about the value of your money reducing at any time. This gives players confidence and reduces the volatility experienced in crypto gambling.
- Fast Transactions: Like other cryptos, stablecoin transactions are carried out over blockchain networks. Hence, they’re convenient and super fast. This means your winnings are expected to reach your account within a few minutes after being sent by the casino.
- Low Transaction Fees: Even though their value is associated with a fiat currency, transactions involving stablecoins do not attract huge fees like traditional payments. Both players and casino operators can save costs.
- Global Accessibility: Whether the coin is pegged to your local currency or not, you can access it from your location. Stablecoins facilitate borderless transactions without the limitations imposed by traditional banks. Furthermore, stablecoin casinos usually accept players from all parts of the world.
- Anonymity & Privacy: Compared to traditional payments, stablecoins offer a higher level of privacy. You don’t have to submit your banking details to deposit or withdraw. You can also choose to stay anonymous when gambling with stablecoins.
- Accepted by a Large Number of Casinos: Stablecoins like USDT and USDC are some of the most popular cryptocurrencies in the world and in the gambling industry. As a result, it is not difficult to find a casino that accepts them. You won’t have to start converting your coins before you can gamble online.
- Wide Variety of Games: Stablecoins are accepted by the best online casinos in the world. These platforms partner with the biggest software providers in the industry, powering their lobbies with thousands of games. It doesn’t matter what category of games you love the most, you’ll find them at the best stablecoin gambling sites.
- Plenty of Bonuses: Stablecoin casinos offer numerous bonuses for all kinds of players. What’s more, many of these bonuses are usually available to claim in coins like USDT.
Drawbacks of Gambling with Stablecoins
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.
How to Choose a Good Stablecoin Casino
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:
- License: The first thing you should check before gambling at any casino is the license with which it operates. Pick only casinos that are licensed and regulated by reputable gambling authorities.
- Security: After checking the license, take time to examine the security systems used by the casino. A good gambling site must have a valid SSL certificate to prove that its users’ details are secure.
- Stablecoins Accepted: You should also check if the casino supports a stablecoin you hold or if it accepts one you can easily buy. It’s better to play at casinos that accept a variety of these stablecoins to give you more flexibility.
- List of Other Cryptocurrencies: Also, take a look at the list of other cryptocurrencies and tokens supported by the casino. A good casino should support popular cryptos like BTC, ETH, LTC, DOGE, XRP, SOL, and many others.
- Other Payment Methods: In addition to cryptocurrencies, some casinos accept fiat methods like e-wallets, credit/debit cards, and instant bank transfers. If you feel like you may ever need to deposit with fiat currencies, make sure the casino you pick supports convenient methods.
- Games Collection & Software: Explore the casino lobby to see the number of games and the categories offered. Find out if the site offers the kinds of games you love and if there are multiple versions. Furthermore, examine the software providers and make sure they are trusted and licensed companies.
- Bonuses & Promotions: If you love to claim bonuses for free play, you should not forget to explore the casino’s promotion page. A good iGaming platform offers enough bonuses for both new and existing members. Consider if they offer tournaments as well, and what kind they offer.
- Customer Service: If you ever face difficulties while gambling, you might need professional help from the casino operator. A good platform ensures players have effective channels to reach them for solutions. 24/7 live support and email contacts are the most popular contact options. Some top casinos go further to offer support via social media and telephone.
- Mobile Compatibility: A good gambling website must be accessible on smartphones of any kind. Users must be able to play games, claim bonuses, make payments, contact the support team, and do many other things with their mobile devices. Only pick casinos that are perfectly mobile-optimized.
- Expert Reviews: The fastest way to pick a good stablecoin casino is by reading reviews from industry experts. For example, at CoinGambling.info, our experts thoroughly examine various crypto casinos under all the factors we’ve mentioned. Only the best crypto casinos are recommended on our platform. Reading expert reviews will save you the stress of evaluating various casinos by yourself.
Getting Started at Stablecoin Casinos
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:
- Select a suitable stablecoin casino
- Visit the website and tap the “Sign Up” or “Register” button
- Follow the prompts and complete your registration
- Confirm your registration by email, if necessary
- Sign in to your new account and make a deposit
- Explore the casino’s lobby and play games of your choice
- Cash out your winnings
What Games Can You Play at Stablecoin Casinos?
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
- Online Slots: Slots at crypto casinos come in various kinds – classic 3-reels, 5-reel video slots, megaways, cluster pays, progressive jackpots, and many more. They also feature a variety of themes, including adventure, crime, romance, heroes, science, mythology, TV/movies, and many others. You can play most online slots for both free and for real money.
- Table Games: Lovers of classic table games like poker, baccarat, roulette, blackjack, and craps will also find many games to enjoy at stablecoin casinos. These games are offered in multiple variants from different providers. Table games are also available for free play.
- Video Poker: If you want a faster version of the poker game, then you can try the numerous variants of video poker at crypto casinos. There are variations like Deuces Wild, Bonus Poker, Joker Poker, and Jacks or Better.
- Instant Wins: You can win quick prizes at online casinos with the various kinds of instant-win games available. The most popular kinds are scratchcards, video bingo, video lotto games, Slingo, and many others.
- Live Casinos: Crypto casinos offer you hundreds of games where you get to engage with real human dealers and other players. These live games come in various kinds, with the most popular being table games like blackjack, roulette, baccarat, and poker. There are also game shows like Adventures Beyond Wonderland, Crazy Coin Flip, Monopoly Live, and Sweet Bonanza Candyland.
- Provably Fair Games: Provably fair games refer to those games that allow you to verify the results of each round. The most popular types are crash games, Mines, and Plinko. However, there are also provably fair slots, video poker, bingo, keno, and more.
- Lotteries: If you’re a big fan of participating in and watching lottery draws, you have a chance to do it online. Some crypto casinos offer special lotteries with affordable tickets. There may be daily, weekly, and monthly draws, depending on the casino.
Stablecoin Casino Bonuses & Promotions
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:
- Welcome Deposit Bonus: The welcome deposit bonus refers to the promo cash gift received after you fund your account for the first time. Your bonus cash is usually a percentage of the amount you deposited. Many times, free spins are added to the cash bonus.
- Free Spins: Free spins refer to free rounds on slot games. They could be valid on many slot games or just one. Winnings from free spins are usually considered as bonus cash that must be used to play games before they can be withdrawn.
- No Deposit Bonus: The no-deposit bonus is an offer you can claim without having to make any deposit. It is usually given to new players after registration to help them play for real money without using their funds. Rarely, it may also be available to existing users of the casino. The no-deposit bonus can be free spins or free cash.
- Reload Bonus: A reload bonus is given to current members of a casino when they make a new deposit. It can be a daily, weekly, or monthly offer, depending on the casino.
- Cashback: Some casinos offer cashback deals where you get back a percentage of the money you lost while wagering on games. The percentage is usually from 30% and below.
- Rakeback: Rakeback is a special promo by crypto casinos where you get a small percentage of all your real money bets back. These include both the bets you won and those you lost. Usually, the rakeback is calculated from the average house edge of games.
- Referral Bonus: Many crypto casinos feature referral programs where players are given unique signup codes or links. Whenever people sign up with these links or codes, the players qualify for a referral bonus.
- VIP/Loyalty Rewards: The VIP/loyalty reward includes benefits such as bonus cash, free spins, or faster withdrawals that are given to regular players at a casino. Players are grouped into different levels, depending on their lifetime wagers. The higher your level, the bigger the bonuses you receive.
Making Payments with Stablecoins at Gambling Sites
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.
How to Deposit with Stablecoins
Whether you want to deposit with USDT, BUSD, or TUSD, the process is the same. We have broken it down below
- Sign in to the casino site or register if you don’t have an account
- Go to the “Cashier” or “Deposit” section
- Choose a stablecoin from the list of cryptocurrencies displayed
- Copy the wallet address displayed on your screen
- Launch your crypto wallet and transfer funds to the address you copied
- Wait a few seconds for the deposit to show up in your account
How to Withdraw Stablecoin Winnings
Withdrawals are as easy as deposits. You can make your request in less than one minute. Here’s how it’s done:
- Log in to the casino site
- Go to the “Withdrawal” page or go to “Cashier” and switch to the withdraw section
- Select your stablecoin from the list of cryptocurrencies displayed
- Enter the amount you wish to withdraw
- Paste your wallet address into the necessary field.
- Submit your withdrawal request
Mobile Gaming at Stablecoins Casinos
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.
Sports Betting with Stablecoins
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.
Responsible Gambling at the Best Stablecoin Casinos
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.
Final Thoughts on Stablecoin Gambling
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!
FAQ
What stablecoin is the best for gambling?
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.
Is it legal to gamble with stablecoins?
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.
Are stablecoin casinos safe?
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.
What stablecoin casino bonuses can I claim?
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.
How do I purchase stablecoins for gambling?
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.