Crypto Casinos - The Best Casinos in New Zealand

A crypto casino is an online casino that allows deposits and withdrawals in crypto. Any NZ casino that supports the payment method via crypto wallet in bitcoin, ethereum, ether, Tether/USDT and other tokens is considered a cryptocurrency casino.

Over the past few years, cryptocurrency has gained a foothold in many areas of business. It is actively used by retail chains, banks, hotels, IT companies, gambling establishments like Poli casinos. More and more companies and individuals rely on this method of payment for goods and services. Some even buy cars and real estate for cryptocurrency, which once again emphasizes the significant popularity and widespread use of electronic funds.

The emergence of bitcoin casinos has become a real breakthrough for the gambling industry. The use of cryptocurrency in the field of gambling is becoming an increasingly popular payment method, because reliable and secure transaction systems are best suited for the safe casinos industry. The first online casinos with cryptocurrency appeared in 2011, but gained wide popularity only in 2017. Two main factors contributed to this:

1. A sharp increase in the value of bitcoin.
2. Legalization of crypto in some countries of the world.

Cryptocurrencies are confidently conquering the gambling industry. Today it is a truly disruptive technology that opens up dozens of new opportunities, becoming an integral part of traditional business models. Every day dozens of new crypto casinos appear on the Internet and this trend continues to grow. Digital currencies are publicly available, respect anonymity and allow for confidential transactions. Players do not need to think about the presence of intermediaries when making payments in casinos, pay additional fees and worry about excessive attention from regulatory authorities.

Are Crypto Casinos Safe?

The fact that cryptocurrency belongs to decentralized payment systems may alarm some gamblers. Indeed, when using blockchain technology, no one controls financial transactions. However, this option makes cryptocurrency casinos a more secure option than portals with traditional transaction methods. The security of customers' personal data is controlled by minimizing the transfer of information, as no identity verification is required.

In traditional casinos, each client, before playing for money, must provide a full name, year of birth and attach scanned copies of identity documents. Additionally, the administration may request documents about a bank account or bank statement, pass verification, etc. In bitcoin casinos, all this is in the past, and in order to start playing, you just need to go through a simple registration and make a deposit.

It should also be borne in mind that cryptocurrency is not subject to any controlling banks, is not regulated by state and other institutions. Playing on it, there are no problems with the law. In addition, cryptocurrency games do not disclose information about the client's account. This allows you to place bets in crypto casinos, receive winnings and not fall into the eyes of tax authorities.

What Are The Advantages of Bitcoin Games And Other Cryptocurrencies?

Bitcoin games with withdrawals have advantages that make them more and more popular in the gambling market every day. Among such advantages are:

• 100% anonymity;
• fast and secure transfer of funds;
• minimal commission or its complete absence;
• a wide range of slot machines;
• honesty of the game;
• no risks associated with the loss of personal data;
• the ability to play 24/7, including in demo mode.

Bitcoin games with withdrawal offer gamblers all the features of a full-fledged casino, but with a certain list of advantages. And one of the main ones is security. Playing in cryptocurrency slot machines there is no risk that the user's personal data may be stolen. This is due to the fact that games with bitcoin and other cryptocurrencies are available to gamblers without mandatory verification. That is, the user just needs to register, make a deposit and choose cryptocurrency slot machines.

Also, it is impossible not to pay attention to the main feature of cryptocurrency - high volatility. For players, in case of cryptocurrency price growth, this is an obvious advantage. And here's why. For example, at the end of October 2018, you had several won bitcoins/satoshi on your account, which already in January increased in value by 200%. Thus, the players won a certain amount of bitcoins/satoshi in bitcoin slot machines, and after a while they increased their capital not by playing games, but by making a profit against the background of the cryptocurrency rate growth. However, high volatility is also a disadvantage if the crypto rate collapses.

Bonuses

The bonus program has always been one of the good reasons for choosing a casino. In most cases, the gifts themselves do not depend on the currency of replenishment, only on the amount. Since cryptocurrency is only gaining popularity in Ukraine, we expect a surge in bonuses for replenishing the casino with cryptocurrency. Therefore, all current no deposit bonuses, cashback, deposit bonuses and other gifts can be obtained by depositing electronic currency to the balance of your personal account.

Read more how you can claim crypto bonus at https://betpokies.co.nz/crypto-casinos 

Popular Cryptocurrencies

As for the cryptocurrency itself, online casinos support the most popular options for replenishing the balance and withdrawing funds. In particular, today you can replenish the casino with cryptocurrency using:

• Ethereum (ETH);
• Tether/USDT;
• Bitcoin Cash (BCH);
• Dash (DASH);
• Litecoin (LTC).

Such a variety of cryptocurrencies provides users with maximum comfort and flexibility. In the account settings, you can change a particular currency if the platform website supports several types of crypto.

How to Deposit in Crypto Casinos?

The procedure for making a deposit in cryptocurrency casinos has a lot in common with transactions carried out on conventional platforms with payment through e-wallets and bank cards.

To replenish an online casino with cryptocurrency, follow the instructions:

1. Go to the casino website that supports the cryptocurrency you need and register.
2. Select the "Cashier/Deposit" section in your personal account.
3. Find the necessary cryptocurrency from the proposed ones.
4. Specify the deposit amount.
5. Get a special address (key) for the transaction.
6. Copy the address and send the amount specified in the application to it.
7. Wait for confirmation.

Money is credited instantly. After replenishment, you can play for money, use bonuses, participate in the loyalty program and withdraw winnings.

How to Withdraw Money From a Crypto Casino?

Withdrawing bitcoins and other cryptocurrencies from a casino is quite simple. To do this, you need to follow the algorithm of actions, thanks to which you can easily create a withdrawal request and receive electronic coins to your personal account:

• Log in to the gaming club website.
• Go to the "Cashier/Withdrawal" section.
• Choose Bitcoin or another cryptocurrency from the list.
• Make sure that the minimum required withdrawal amount is available and specify the required amount.
• Write your wallet address.
• Get acquainted with the commission and limits.
• Confirm the transaction.
• Wait for the funds to be credited to the cryptocurrency wallet.

Crypto casinos pay out winnings within a few minutes. Rarely, withdrawals can take up to 3 business days. If the money has not come to the specified electronic wallet in a few days, it is recommended to create a request to the support service to clarify the situation.

What Are The Deposit And Withdrawal Limits?

All virtual clubs with digital currency are conditionally divided into 2 types:

• They work with cryptocurrency and other payment instruments (Yumani, Visa, Mastercard, Kiwi, etc.).
• Accept only crypto: Litecoin, Bitcoin, Ethereum, etc.

Depending on the policy of the institution, limits on deposits and withdrawals are set. To give an example in the equivalent of fiat currencies, it is

• from 5 to 10 NZD/USD - the amount of the minimum deposit;
• from 5 to 50 NZD/USD - the amount of the minimum withdrawal.

As a rule, the operator does not charge a commission for replenishment, and for withdrawal it rarely exceeds 1-2%. Additional information about the limits can be found in the relevant section on the casino website or by contacting support operators in the online chat.

Disadvantages

The number of casinos that support cryptocurrency is growing rapidly. Many clubs that were previously skeptical about blockchain are actively switching to bitcoin payments. However, despite the growing popularity and advantages of cryptocurrency casinos, they are not without drawbacks:

• high market volatility;
• lack of legal status and, as a result, the impossibility of appealing decisions in court
• limited number of slot machines and providers that support cryptocurrency for betting;
• unstable exchange rate of electronic currencies;
• much less bonuses than in classic online casinos.

The main problem is that digital currency is quite unstable, which is why a serious imbalance between the amount that the gambler deposited and the amount that he received on his account can create problems in terms of financial stability.