Many consider cryptocurrencies to be the future of online payments. But what benefits do they bring? How can they improve the daily lives of online gambling enthusiasts? Our review will answer these questions while showing you the best crypto casino NZ for 2022.
The Best Crypto Casino in 2022
Here are some of the best licensed crypto casinos in New Zealand. See what cryptocurrencies they accept and how to join the fun:
| Casino | Rating | Cryptocurrencies | Play here: | |
|---|---|---|---|---|
| 1. | Rolletto | 9 | Bitcoin, Tether, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash | Play here |
| 2. | Bitcasino.io | 9 | Bitcoin, Litecoin, Tron, Ethereum, Tether, Ripple, Cardano, Dogecoin | Play here |
| 3. | CasinoDays | 8 | Bitcoin, Bitcoin Cash, Litecoin, Ripple, Tether, Ethereum | Play here |
| 4. | LynxBet | 8 | Bitcoin, Bitcoin Cash, Litecoin, Ripple | Play here |
| 5. | DublinBet | 7 | Bitcoin, Bitcoin Cash, Litecoin, Tether, Ethereum, Tron | Play here |
| 6. | 7Bit Casino | 7 | Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Doge | Play here |
| 7. | WOW Casino | 7 | Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Doge | Play here |
| 8. | Foggy Star | 6 | Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Doge, Tron | Play here |
1. Rolletto – Bitcoin, Tether, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash
Rolletto is a licensed casino with over 4,200 games, including pokies and live tables. The casino is known for its many bonuses and regular promotions. It accepts seven cryptocurrency options.
2. Bitcasino.io – Bitcoin, Litecoin, Tron, Ethereum, Tether, Ripple, Cardano, Dogecoin
Bitcasino.io is an award-winning online casino known for exclusive games and exciting bonuses. It accepts many popular cryptocurrencies, including Dogecoin and Cardano.
3. CasinoDays – Bitcoin, Bitcoin Cash, Litecoin, Ripple, Tether, Ethereum
CasinoDays offers more than 4,000 games powered by the best providers in the iGaming industry. It also benefits from generous promotions and several crypto payment options to get you going.
4. LynxBet – Bitcoin, Bitcoin Cash, Litecoin, Ripple
LynxBet is a new Metaverse-inspired online casino. It features over 1,000 games by more than 50 reputable providers and accepts several crypto options, such as Bitcoin, Bitcoin Cash, Litecoin, and Ripple.
5. DublinBet – Bitcoin, Bitcoin Cash, Litecoin, Tether, Ethereum, Tron
DublinBet promises to bring the luck of the Irish to New Zealand. The casino offers more than 1,500 games, an exclusive VIP program, and six different cryptocurrency options.
6. 7Bit Casino – Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Doge
7Bit is a futuristic online casino known for its huge game selection – over 7,000 titles! It accepts various cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.
7. WOW Casino – Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Doge
WOW Casino will surprise you with its huge welcome bonus. This crypto casino also offers a good game selection, with over 1,000 titles. Join now and deposit with your favourite cryptocurrencies.
8. FoggyStar – Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Doge, Tron
Aim for the stars with FoggyStar, an online casino with everything you need: astronomical bonuses and a game selection out of this world. Not to mention it accepts several popular crypto options.
| Did you know? |
|---|
| Cryptocurrencies are treated as property in New Zealand. This means that you’ll have to pay income tax when buying or selling crypto. |
How We Picked the Best Crypto Casinos
To select the best crypto casinos, our team analysed several key parameters. With these, you’ll be able to make an informed decision when choosing an NZ crypto casino.
We checked how many cryptocurrencies a casino accepts
Most crypto enthusiasts trade and hold more than one of these digital currencies. Therefore, having an online casino where you can use the most popular crypto options is crucial.
We checked the casino’s wagering requirements
Analysing wagering requirements helps us conclude how fair a casino is. Wagering requirements dictate how many times players have to play through their bonus. For instance, if you receive a $50 bonus with a 50x wagering requirement, you’ll have to place $2,500 in wagers before being able to withdraw your funds.
We checked withdrawal fees
Some transactions with crypto are subject to fees, which are used to support the network and keep it running. In addition, crypto casinos may also charge deposit/withdrawal fees.
We checked the casino’s gambling licence and safety
Licences help guarantee the safety of players when gambling only. The gambling commissions that oversee these licences are also responsible for checking if casinos are up to standard. If a casino has a licence, rest assured it was deemed safe and secure.
| Did you know? |
|---|
| Players don’t have to pay taxes when withdrawing from an online casino, no matter the amount. You may have to pay taxes if you invest this money, though. |
What are Cryptocurrencies?
Cryptocurrencies are digital currencies based on cryptography and secured by a decentralised system called the “blockchain”. It consists of a network featuring multiple computers, called nodes, that authorise transactions.
It becomes impossible to forge transactions in this network through these mechanisms, ensuring a high degree of safety and security.
What is considered to be a crypto casino?
Essentially, any casino that accepts cryptocurrencies as a payment method is a crypto casino. Using crypto in online gambling is beneficial due to its decentralised nature that protects players and casinos alike.
While Bitcoin is the most popular cryptocurrency, many online casinos also accept different alternatives, such as Ethereum, Litecoin, Ripple, Tether, and Dogecoin.
| Did you know? |
|---|
| No one knows who created Bitcoin. However, many programmers have announced they were responsible but offered no irrefutable proof. |
How to Use Cryptocurrency at Online Casinos
Using cryptocurrency is very simple; each player must have a wallet identified by a unique alphanumeric code, the public key, and verified by another code, the private key.
To make a transaction, players have to provide the destination wallet, i.e. the casino’s public key, and confirm the transaction with their private key. After the transaction is verified by the blockchain’s nodes, it goes through.
Are there any fees when depositing and withdrawing at a crypto casino?
Cryptocurrency fees in online gambling depend on two main aspects: network fees and casino fees. Network fees change according to the crypto used; for instance, Ethereum has a special network fee called gas. The best crypto casino won’t charge fees for deposits or withdrawals.
How to place a deposit and withdraw your winnings using cryptocurrencies
Here’s what you should do to deposit with crypto:
- Go to your casino profile and click “Deposit”.
- Choose your cryptocurrency and copy the wallet address.
- Go to your wallet and start a transaction.
- Paste the address and verify the transaction with your private key, or automatically if you use software like Metamask.
- Enjoy your funds!
To withdraw, follow the steps below:
- Go to your casino profile and click “Withdraw”.
- Select your preferred crypto.
- Type the amount and paste your wallet address.
Crypto transactions are usually verified in a few minutes, depending on the cryptocurrency chosen.
| Did you know? |
|---|
| The first commercial use of Bitcoin was to buy a pizza. In 2010, Laszlo Hayecz purchased two pizzas for 10,000 Bitcoin, now worth about $459,950,000. |
Solutions to Common Issues When Using Crypto at Online Casinos
Using crypto can be confusing at first, especially for those who aren’t familiar with these new digital currencies. The same can happen if you’re an online casino beginner, so here’s what you should do if you run into issues:
- I can’t withdraw funds with cryptocurrency – If you’re using a bonus, please ensure you completed the requirements before proceeding. Alternatively, check if your preferred cryptocurrency is supported and your wallet address is correct.
- I can’t make a deposit – Check if you typed the right wallet address and if your chosen crypto is accepted.
- I can’t change my account details – Some account information can only be changed by customer support. If you can’t change it manually, please contact customer support.
- I didn’t receive the money in my wallet – Since transactions in the blockchain have to be authorised by several nodes, they may suffer delays. Please wait for a while longer before trying again.
| Did you know? |
|---|
| Transaction speed can greatly vary between cryptocurrencies. Bitcoin allows seven transactions per second, Ethereum allows 15, and Solana allows 65,000. |
Pros and Cons of Using Cryptocurrencies at Online Casinos
Like any other casino payment method, cryptocurrencies have advantages and drawbacks. Get to know them below:
| PROS | CONS |
|---|---|
| Faster than most traditional payment methods | Requires players to be cautious, as crypto transactions are untraceable |
| All transactions can be seen in the blockchain, allowing for transparency | Refunds can only be requested by contacting support |
| Lower fees than other payment methods | Extreme volatility |
| Highly private, as your wallet is only identified by an alphanumeric code | May be subject to tax in New Zealand |
| Highly secure due to the nature of the blockchain |
Cryptocurrency vs. Other Payment Methods
Crypto payments are faster, safer, and more private than traditional methods. See how crypto stacks up against the most popular payment methods in New Zealand:
| Feature | Cryptocurrencies | Cards | Bank Transfers | Skrill | Neteller |
|---|---|---|---|---|---|
| 100% Private | ✔ | ✖ | ✖ | ✖ | ✖ |
| Transparency | ✔ | ✖ | ✖ | ✖ | ✖ |
| Encryption | ✔ | ✔ | ✔ | ✔ | ✔ |
| Fast | ✔ | ✖ | ✖ | ✔ | ✔ |
| Did you know? |
|---|
| Some e-wallets now allow you to buy crypto. For instance, you can purchase crypto directly within the Skrill app. |
Conclusion
In an increasingly high-tech world, cryptocurrencies are becoming the payment method of the future. Privacy, safety, and transparency are among the main reasons for their huge success.
Crypto is also becoming one of the most popular methods for online gambling, especially in licensed casinos. Players can verify every transaction through the blockchain, ensuring fair and safe gameplay.