Online casino players in New Zealand are increasingly turning to cryptocurrencies instead of traditional banking methods when funding their accounts. Using crypto allows you to benefit from quick, secure and cost-effective deposits and withdrawals at online casinos.
However, it can be difficult to know where to find the best crypto casino New Zealand sites, how to fund your account and how to mitigate risk. This guide to the best crypto casino operators will help you find elite sites that deserve your business and provide you with all the information you need to effectively use crypto for banking.
Crypto online casino is an online casino that accepts cryptocurrency for deposit or withdrawals via crypto wallet.
The trend for crypto gambling is growing with each passing year, and it might make sense to use Bitcoin or an altcoin when funding your account.
The decentralized nature of Bitcoin, Bitcoin Cash, Litecoin and other cryptocurrencies means you cut out the middleman. You conduct direct, peer-to-peer transactions with a Bitcoin casino, so there are no handling fees or conversion fees. Banking with crypto is therefore quicker, safer and cheaper than using a fiat currency like NZD.
Several online casinos have embraced the cryptocurrency revolution by adding Bitcoin, Ethereum, Litecoin and others as payment methods. However, it can be difficult to identify the best cryptocurrency casino sites from the crowd, so look out for these key traits:
Crypto transfers should be a lot quicker than traditional banking methods. Casino players are often forced to wait for several business days to receive bank wire transfers after requesting a withdrawal, but you should receive your crypto transfer within less than an hour. However, some online casinos process payments much quicker than others. Some sites take a day or two to process payments, which is unhelpful, so look out for sites that guarantee same day payments for crypto users. All crypto deposits and withdrawals should be free.
The best Bitcoin casino sites work with the world’s leading software providers to offer a diverse range of high-quality games. You should find hundreds, if not thousands, of slots, table games and speciality games to choose from, ranging from old-school classics to the latest new releases. A great crypto casino will generally feature live dealer games from Evolution Gaming, and slots from the likes of Microgaming, Playtech and IGT, plus many smaller studios. You should find progressive jackpots, game show style offerings, scratchcards, and much more.
There are several crypto casino New Zealand sites vying for your attention, and many of them offer bonuses and promotions in order to stand out from the crowd. This is not possible at anonymous Bitcoin casino sites, but if you have to register your details you should benefit from a competitive sign-up bonus, a strong suite of ongoing promotions and a lucrative loyalty scheme. Remember to read the small print, because some bonuses carry onerous wagering requirements, making them less attractive than they initially sound. If a Bitcoin casino does not offer bonuses, it should instead carry lots of games with a high RTP.
The leading crypto casinos are a pleasure to use. They should be easy to navigate, intuitively designed and aesthetically pleasing, without any clutter on the pages. The best Bitcoin casino sites have a search function that allows you to find games and software providers quickly, along with various shortcuts and features that enhance the user experience.
You should only sign up for an account with a crypto casino that has a long history of paying customers out in full and on time. Avoid sites that have a history of late payments or withholding payments for spurious reasons. Go for reputable sites that have a loyal customer base, and offer transparency. They should be licensed, regulated and very clear about things like RTP, bonus terms, bet limits, banking limits and gaming rules. You should also be able to access strong, effective customer support on a 24/7 basis via live chat, phone or email, and find a comprehensive FAQ section on the site.
BitStarz is an excellent choice for anyone that wants to play at a high-quality crypto casino. It features a broad range of excellent games from respected, licensed software providers like Evolution, NetEnt, Pragmatic Play, Yggdrasil and Asia Gaming. The breadth of the range is phenomenal, with more than 3,000 to choose from.
That range includes slots, jackpots, table games, live casino games and specific BTC games. The user experience is excellent. The search function works well, and you can sort by game or software provider. It is an attractive site, and the games are neatly boxed on each page.
It is easy to see why BitStarz has won awards. It provides 24/7 live chat support, the average cash out time is just 10 minutes, and it has more than 2.7 million players spread across the globe. This crypto casino accepts players in New Zealand. It will double your initial deposit up to 1 BTC for its welcome bonus, which is an absolutely colossal sign-up bonus when you consider just how valuable a single Bitcoin is now.
|🔍 Legal in NZ||Yes|
|🎁 Welcome Bonus||1 BTC|
|🔝 Cash out||10 min|
|📱 Customer Service||24/7|
Cryptocurrency offers casino players several key advantages over trading banking methods using fiat currencies:
Crypto is typically the fastest way to receive funds from an online casino. The money does not need to be sent via a bank or an e-wallet provider, as it just goes straight from the crypto casino company’s wallet to your wallet. That cuts out the mind-numbing waiting times that many online casino players have been forced to endure over the years. Bitcoin is very quick, and certain altcoins are even faster, so you should be able to request a payout at any time of day and receive it quickly.
Some people are reluctant to use online casinos because they do not want to enter their bank details on web forms. They are worried about hackers, identity theft and other security issues. Crypto transactions can be a lot safer, as you never need to provide the best crypto casino sites with your bank details. You simply copy a long address from the online casino, enter it on your crypto wallet and make the transaction.
Some Bitcoin casinos are anonymous, which brings a few benefits to certain players. It means that you can play at these sites from anywhere in the world. It also means they cannot limit your play if you are successful, and they will not bombard you with marketing material, as they do not have your number or email address.
There are numerous advantages to using cryptocurrency for deposits and withdrawals at online casinos. The only potential downside is the volatility of these coins. They regularly increase or decrease by 10% or more in value during a single day. If the coin increases by the time you withdraw your winnings, you essentially win twice. However, if your chosen cryptocurrency plummets, it can seriously eat into your winnings.
One way to mitigate this risk is to make a deposit, play for a set period of time, withdraw to your wallet when your session is finished and covert your funds. You can swap them for a fiat currency, or convert them to Tether, which tracks the price of the US dollar. Then you only have to worry about the NZD-USD exchange rate, which is not prone to wild fluctuations. You can actually use Tether at some online casinos, which is helpful, as it is a stablecoin and protects you from volatility.
Casino players are generally limited in the range of cryptocurrencies they can use for deposits and withdrawals. They do not accept niche altcoins, but many allow you to use Bitcoin, Ethereum, Litecoin, Bitcoin Cash, XRP (Ripple) and Stellar. The best option is probably Bitcoin, as it is by far the largest cryptocurrency by market cap.
You can buy Bitcoin at all cryptocurrency exchanges, or earn it via crypto mining, and it is now widely seen as a key asset for anyone that wants to hold value. Many liken it to digital gold. It fluctuates, and goes through bearish cycles, but the overall price trajectory over the past decade is extremely positive, so you might not have to worry about short-term depreciation if you plan to hold for a long period of time.
Ethereum is another strong option. Ethereum is actually a network that facilitates decentralized apps, transactions and other decentralized finance projects. Ether is the native token for the Ethereum network, and you can find it at most sites that allow you to buy crypto currency online. Like Bitcoin, it has a number of real world uses and it is accepted at multiple online retailers, service providers and crypto casino New Zealand sites.
Bitcoin Cash was created in a hard fork from Bitcoin in 2017. It has a larger block size, which facilitates quicker transactions. You can therefore often send and receive Bitcoin Cash quicker than Bitcoin.
Litecoin is an early altcoin based on Bitcoin, but designed to fuel smaller transactions, leading it to be dubbed the silver to Bitcoin’s gold. It also allows quick and secure transactions, but the future outlook for Bitcoin Cash and Litecoin is not quite as secure as Bitcoin and Ethereum.
Many crypto trading sites allow to buy Bitcoin, Ether and hundreds of other cryptocurrencies.
The leading exchanges include:
Check out the crypto reviews and find a reputable site with reasonably low fees and high liquidity. Many beginners prefer Coinbase, because it is very user-friendly. More advanced traders might prefer Binance, but be warned that the Bitcoin withdrawal fees can be pretty steep if you are buying a small amount.
You should consider storing crypto in an external wallet, as exchange-based wallets have been hacked in the past. Web-based wallets are pretty insecure, so most people choose a software wallet or a hardware wallet. You can download software crypto wallets for your desktop or mobile device. They are pretty convenient, allowing you to easily transfer money to and from an online casino.
The safest option is generally a hardware wallet. The downside is that you have to buy one, and they are not quite as convenient, but they allow you to store your coins offline, which is secure. They are also a lot more durable than basic paper wallets, so anyone holding a considerable amount of crypto should consider investing in a hardware wallet such as the Ledger Nano X or Trezor Model T.
Crypto provides numerous benefits for online casino players. It can make the banking process quicker, more convenient, safer and cheaper. You just have to stick to trustworthy, reputable online casinos that have a lengthy history of treating customers fairly and paying out on time. Also make sure you trade at established crypto exchanges with high liquidity, low slippage and reasonable fees, and consider investing in a hardware wallet to keep your crypto safe. Using stablecoins like Tether can protect you from price volatility in the crypto market.
It’s vital that you double-check the legality of crypto casinos online before you get started. This will ensure that you cover all of your bases. Set yourself up for an enhanced crypto gambling experience by reading our coverage here at CryptoGmblr.com.
Bonus offers are part and parcel of the online casino experience. The best crypto casinos in New Zealand offer exciting deals. Take a look at our latest comparison to find out precisely which online crypto casinos have the top bonuses on offer.
Naturally, you’ll be looking to ensure that your crypto funds are kept secure when using an online casino. There are a number of operators who have highly-secure platforms. Read our latest reviews and guides here at CryptoGmblr.com to find out more.
Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.
Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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