{"id":130,"date":"2020-09-16T20:47:00","date_gmt":"2020-09-16T20:47:00","guid":{"rendered":"https:\/\/wolfbet.com\/blog\/?p=130"},"modified":"2025-01-22T14:42:13","modified_gmt":"2025-01-22T14:42:13","slug":"online-gambling-with-cryptocurrency","status":"publish","type":"post","link":"https:\/\/wolfbet.com\/blog\/online-gambling-with-cryptocurrency\/","title":{"rendered":"A Beginner\u2019s Guide To Online Gambling With Cryptocurrency"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #1f88ff;color:#1f88ff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #1f88ff;color:#1f88ff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ez-toc-columns-2 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/wolfbet.com\/blog\/online-gambling-with-cryptocurrency\/#The_Role_of_Cryptocurrencies_in_Gambling\" >The Role of Cryptocurrencies in Gambling<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/wolfbet.com\/blog\/online-gambling-with-cryptocurrency\/#Online_Gambling_with_Crypto_What_You_Should_Know\" >Online Gambling with Crypto: What You Should Know<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/wolfbet.com\/blog\/online-gambling-with-cryptocurrency\/#The_Pros_of_Gambling_with_Cryptocurrency\" >The Pros of Gambling with Cryptocurrency<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/wolfbet.com\/blog\/online-gambling-with-cryptocurrency\/#Are_There_Any_Cons_to_Crypto_Gambling\" >Are There Any Cons to Crypto Gambling?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/wolfbet.com\/blog\/online-gambling-with-cryptocurrency\/#Crypto_Gambling_How_To_Get_Started\" >Crypto Gambling: How To Get Started<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/wolfbet.com\/blog\/online-gambling-with-cryptocurrency\/#1_Open_a_Non-Custodial_Wallet\" >1. Open a Non-Custodial Wallet<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/wolfbet.com\/blog\/online-gambling-with-cryptocurrency\/#2_Buy_Trade_Mine_or_Win_Some_Crypto\" >2. Buy, Trade, Mine, or Win Some Crypto<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/wolfbet.com\/blog\/online-gambling-with-cryptocurrency\/#3_Choose_a_Trusted_User-Friendly_Casino\" >3. Choose a Trusted, User-Friendly Casino<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/wolfbet.com\/blog\/online-gambling-with-cryptocurrency\/#4_Study_The_Rules_of_a_Casino_Game\" >4. Study The Rules of a Casino Game<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/wolfbet.com\/blog\/online-gambling-with-cryptocurrency\/#5_Pick_Which_Coin_Youll_Use\" >5. Pick Which Coin You\u2019ll Use<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/wolfbet.com\/blog\/online-gambling-with-cryptocurrency\/#6_Transfer_Crypto_To_The_Casino\" >6. Transfer Crypto To The Casino<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/wolfbet.com\/blog\/online-gambling-with-cryptocurrency\/#7_Start_Gambling\" >7. Start Gambling<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/wolfbet.com\/blog\/online-gambling-with-cryptocurrency\/#Gambling_Strategies_To_Win_More_Crypto\" >Gambling Strategies To Win More Crypto<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/wolfbet.com\/blog\/online-gambling-with-cryptocurrency\/#Dice_Strategies\" >Dice Strategies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/wolfbet.com\/blog\/online-gambling-with-cryptocurrency\/#Hilo_Strategies\" >Hilo Strategies<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/wolfbet.com\/blog\/online-gambling-with-cryptocurrency\/#Online_Crypto_Gambling_The_Verdict\" >Online Crypto Gambling: The Verdict<\/a><\/li><\/ul><\/nav><\/div>\n<p>With the fast evolution of cryptocurrencies, it was only a matter of time until people started using them for entertainment purposes, including online gambling.<\/p>\n\n\n\n<p>The practice of gambling with FIAT currency using just a web browser is commonplace today but cryptocurrencies have only recently entered the game to replace them.<\/p>\n\n\n\n<p>So how do you navigate this totally new landscape?<\/p>\n\n\n\n<p>Here is the answer\u2026<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Role_of_Cryptocurrencies_in_Gambling\"><\/span>The Role of Cryptocurrencies in Gambling<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Cryptocurrencies such as Bitcoin, Ethereum, and Litecoin are well-known for their volatility. You never know whether they\u2019ll tank or shoot up the stars the next day.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/wolfbet.com\/?c=blog9&amp;utm_source=blog&amp;utm_medium=post&amp;utm_campaign=9\"><img decoding=\"async\" src=\"https:\/\/storage.googleapis.com\/wolfdotbetblog\/1\/2020\/12\/offer.png\" alt=\"\" class=\"wp-image-592\"><\/a><\/figure>\n\n\n\n<p>Many people have found their fortune by mining these cryptocurrencies in the early days of their existence but those who arrived late are now left with the scraps.<\/p>\n\n\n\n<p>Today, mining Bitcoin and other valuable cryptocurrencies has become an improbable task to pursue for most people due to the rising energy costs the practice requires.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/storage.googleapis.com\/wolfdotbetblog\/1\/2020\/09\/Wolf.bet-XRP-Stock-Stable-Coin-IMAGE.png\" alt=\"xrp is a fairly stable cryptocurrency for online gambling\" class=\"wp-image-337\"><figcaption class=\"wp-element-caption\">Ripple (XRP) is a fairly stable coin and ideal for online gambling (Source: Investing Haven)<\/figcaption><\/figure>\n\n\n\n<p>Some of the coins are also considered stable by now (<a href=\"https:\/\/cointelegraph.com\/news\/xrp-price-stable-as-ripple-unlocks-1-billion-tokens-from-escrow-wallet\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Ripple is a good example<\/a>), meaning that there\u2019s not much opportunity to keep mining for more.<\/p>\n\n\n\n<p>And that\u2019s where gambling comes in\u2026<\/p>\n\n\n\n<p>With increasing competition and organizations trying to get their hands on blockchain tech, online gambling has become a surprisingly viable way to get a head start on crypto.<\/p>\n\n\n\n<p>And the best part?\u00a0<\/p>\n\n\n\n<p>It\u2019s a lot of fun!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Online_Gambling_with_Crypto_What_You_Should_Know\"><\/span>Online Gambling with Crypto: What You Should Know<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Certain cryptocurrencies are a risky investment in their own right due to their extreme volatility so you should know that gambling with crypto is an even riskier move.<\/p>\n\n\n\n<p>A lot of people find the element of risk to be the fun part of crypto: trying to predict the price, looking at the stock prices, and then finally trading on the market.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/storage.googleapis.com\/wolfdotbetblog\/1\/2020\/09\/Wolf.bet-Bitcoin-Volatility-Chart-IMAGE.png\" alt=\"bitcoin is a volatile cryptocurrency and risky for gambling\" class=\"wp-image-338\"><figcaption class=\"wp-element-caption\">Bitcoin is rather volatile and risky to gamble with (Source: Skim)<\/figcaption><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.investors.com\/research\/gbtc-stock-is-grayscale-bitcoin-trust-a-buy-now\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">It\u2019s a process that\u2019s made the news multiple times<\/a>\u00a0but you should be aware of a few things before you launch yourself into using crypto for online gambling as well:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Only gamble with disposable income:<\/strong>\u00a0you do\u00a0<em>not<\/em>\u00a0want to use your main source of income for high-risk activities such as trading or gambling.<\/li>\n\n\n\n<li><strong>Look into the legitimacy of the casino first:<\/strong>\u00a0since crypto is so new in the game, many casinos aren\u2019t compliant with regulatory requirements.<\/li>\n\n\n\n<li><strong>Choose your crypto wisely:\u00a0<\/strong>not all digital coins carry the same degree of risk when gambling so choose the cryptocurrency you use thoughtfully.<\/li>\n\n\n\n<li><strong>Make it about the fun, not the riches:<\/strong>\u00a0gambling can result in big wins and potentially life-changing results but you should know the odds are stacked against you.<\/li>\n<\/ol>\n\n\n\n<p>Disclaimers aside, using crypto as a means to gamble can be amazing compared to FIAT currency, and we\u2019ll see why in the pros and cons below.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Pros_of_Gambling_with_Cryptocurrency\"><\/span>The Pros of Gambling with Cryptocurrency<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>If you know anything about cryptocurrencies, it\u2019s that they are meant to decentralize money through a network of peer-to-peer transactions via blockchain technology.<\/p>\n\n\n\n<p>We won\u2019t go through the basics here but you should know that the pros of gambling online with crypto are highly connected to the principles which made the digital coins so popular:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A decentralized network means\u00a0<strong>complete anonymity<\/strong>, creating a safe gambling environment that can\u2019t be controlled by financial institutions;<\/li>\n\n\n\n<li>Blockchain-based transactions are\u00a0<strong>forever stored<\/strong>\u00a0and can be looked up anytime, unlike traditional casinos which hide most of their financial statements;<\/li>\n\n\n\n<li>There\u2019s\u00a0<strong>no middle-man<\/strong>\u00a0between you and the potential to win big, thus making crypto casinos provably fair thanks to their transparent algorithms;<\/li>\n\n\n\n<li>Being almost impossible to connect a transaction to a specific person, crypto is an\u00a0<strong>extremely secure means of gambling<\/strong>, unlike FIAT currencies.<\/li>\n<\/ul>\n\n\n\n<p>These being just a few of the benefits, gambling with crypto offers a compelling argument as to whether FIAT currency is bound to become less and less relevant in the casino world.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Are_There_Any_Cons_to_Crypto_Gambling\"><\/span>Are There Any Cons to Crypto Gambling?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>As with most things, there\u00a0<em>are<\/em>\u00a0cons to gambling with crypto too, and we\u2019ll discuss them briefly to help you inform your betting strategy and hopefully make some big wins:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/wolfbet.com\/blog\/what-does-volatility-mean-in-slots\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"What does volatility mean in slots?\" target=\"_blank\" rel=\"noopener\">High volatility<\/a><\/strong>\u00a0means your wins could result in losses anyway depending on which coins you are using and how much you are wagering;<\/li>\n\n\n\n<li>Gathering an\u00a0<strong>initial amount of crypto<\/strong>\u00a0may require some extra effort (and fees!) if you don\u2019t already have a pool of coins at your disposal;<\/li>\n\n\n\n<li>There are\u00a0<strong>only a handful of trusted casinos<\/strong>\u00a0that offer crypto-only betting (known as crypto casinos) so the choice can be limited to just a few;<\/li>\n\n\n\n<li>The\u00a0<strong>wealth of features available to crypto gamblers<\/strong>\u00a0could result in confusion for players who are used to traditional casinos or who are just starting out.<\/li>\n<\/ul>\n\n\n\n<p>The latter becomes more of a benefit once you get used to the mechanisms behind some of these features and lower your risk of losing significant amounts of money.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Crypto_Gambling_How_To_Get_Started\"><\/span>Crypto Gambling: How To Get Started<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>So how do you get started gambling online with cryptocurrencies and what are the steps necessary to enjoy your first few games at a trusted crypto casino?<\/p>\n\n\n\n<p>Here\u2019s the breakdown:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Open_a_Non-Custodial_Wallet\"><\/span>1. Open a Non-Custodial Wallet<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/storage.googleapis.com\/wolfdotbetblog\/1\/2020\/08\/Wolf.bet-Screenshot-of-Blockain.com-Best-Bitcoin-Wallet-for-Online-Gambling-Site-SCREENSHOT.png\" alt=\"the best bitcoin wallet for online gambling is blockchain.com\" class=\"wp-image-160\"><\/figure>\n\n\n\n<p>The first thing you want to do (if you haven\u2019t already) is to open a non-custodial cryptocurrency wallet. What does \u201cnon-custodial\u201d mean?<\/p>\n\n\n\n<p>We have a\u00a0<a href=\"https:\/\/wolfbet.com\/blog\/highest-paying-bitcoin-games\/\">full guide<\/a>\u00a0on the topic.<\/p>\n\n\n\n<p>Long story short, your best bet is to use the\u00a0<a href=\"https:\/\/www.blockchain.com\/wallet\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Blockchain.com Wallet<\/a>\u00a0as it\u2019s the most reliable and secure option in the market for non-custodial wallets.\u00a0<\/p>\n\n\n\n<p>Go ahead and open one now!<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_Buy_Trade_Mine_or_Win_Some_Crypto\"><\/span>2. Buy, Trade, Mine, or Win Some Crypto<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/storage.googleapis.com\/wolfdotbetblog\/1\/2020\/08\/Wolf.bet-Home-Page-of-Coinbase-Crypto-Exchange-SCREENSHOT.png\" alt=\"the most famous crypto exchange is coinbase\" class=\"wp-image-256\"><\/figure>\n\n\n\n<p>Now that you have your wallet, you want to fill it up with some crypto. Depending on the wallet you choose, you may store different types of cryptocurrencies.<\/p>\n\n\n\n<p>The Blockchain.com Wallet only allows for the most trusted crypto to be stored, meaning that your choice is limited to \u201conly\u201d a handful of digital coins.<\/p>\n\n\n\n<p>To start generating the first few bits of your crypto wealth, we recommend taking a look at\u00a0<a href=\"https:\/\/wolfbet.com\/blog\/highest-paying-bitcoin-games\/\">one of the many games available<\/a>\u00a0that allow you to win real crypto by simply playing.<\/p>\n\n\n\n<p>While you won\u2019t amass a fortune playing these games, they can help you get the foot in the door and fully realize what it means to own some crypto.<\/p>\n\n\n\n<p>Of course, you can also go the traditional way and try mining your Bitcoins but you\u2019ll soon notice that the practice might require more resources than you can throw at it.<\/p>\n\n\n\n<p>Once you\u2019re acquainted with handling cryptocurrency, you can also buy and trade in stock exchanges such as the Blockchain.com Exchange or\u00a0<a href=\"https:\/\/www.binance.com\/en\/trade\/BTC_USDT\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Binance\u2019s Exchange<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Choose_a_Trusted_User-Friendly_Casino\"><\/span>3. Choose a Trusted, User-Friendly Casino<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/storage.googleapis.com\/wolfdotbetblog\/1\/2020\/07\/Wolf.bet-Image-of-Bitcoin-Dice-Game-SCREENSHOT.png\" alt=\"screenshot of bitcoin dice game on wolf.bet\" class=\"wp-image-106\"><\/figure>\n\n\n\n<p>Handling crypto is one part of the puzzle but when it comes to gambling with it, you can\u2019t settle on the first random casino that pops up in your Google Search\u2026<\/p>\n\n\n\n<p>You have to do some digging.<\/p>\n\n\n\n<p>The best crypto casinos offer the following:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>A\u00a0<strong>provably fair experience<\/strong>, meaning that the algorithms behind each wager are made available and transparent to all users of the online service;<\/li>\n\n\n\n<li>A\u00a0<strong>friendly user interface<\/strong>\u00a0which isn\u2019t just a bunch of buttons mashed together onto a playing field (remember, the fun factor comes before the riches!);<\/li>\n\n\n\n<li>A\u00a0<strong>variety of features<\/strong>\u00a0that allow you to play either strategically or on a whim, helping you find your playing style without compromising on the fun factor, and;<\/li>\n\n\n\n<li>A\u00a0<strong>pool of casino games<\/strong>\u00a0adapted to the use of cryptocurrencies, meaning that the experience is catered to the coins\u2019 insane divisibility (up to 8 decimal places!).<\/li>\n<\/ol>\n\n\n\n<p>On top of these four elements, you also want to make sure that the casino is on top of regulations in your country and that you don\u2019t end up on a scammy website.<\/p>\n\n\n\n<p>Using a non-custodial wallet is a good way to cover all traces of your spending on gambling but it\u2019s not the only rule to staying safe online\u2014you have to do some research beforehand.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Study_The_Rules_of_a_Casino_Game\"><\/span>4. Study The Rules of a Casino Game<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Now comes the fun part.<\/p>\n\n\n\n<p>You\u2019ve found the perfect casino and want to start playing some games but how do you go about winning when you don\u2019t even know how they work?<\/p>\n\n\n\n<p>If you\u2019ve had experience in a traditional casino environment, you\u2019ll recognize most of the concepts used in crypto casinos as well\u2026<\/p>\n\n\n\n<p>But not all things are the same!<\/p>\n\n\n\n<p>One of the most popular games in crypto gambling is\u00a0<a href=\"https:\/\/wolfbet.com\/casino\/dice\">Dice<\/a>. Similar to Craps in its most basic form, Dice is a game known for its simplicity: you wager on the outcome of a roll based on a chosen threshold (from 0 to 100) and gain\/lose <a href=\"https:\/\/wolfbet.com\/blog\/multiplier-symbols-boosting-your-winnings-in-online-slots\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Multiplier Symbols: Boosting Your Winnings in Online Slots\" target=\"_blank\" rel=\"noopener\">multiplier<\/a> on the odds of winning.<\/p>\n\n\n\n<p>For each game, you\u2019ll have a specific set of rules and features. For example, Dice offers you\u00a0<a href=\"https:\/\/wolfbet.com\/blog\/bitcoin-dice-auto-bet\/\">auto betting features<\/a>\u00a0that allow you to wager multiple times based on specific settings and thresholds which set boundaries (otherwise it goes on forever!).<\/p>\n\n\n\n<p>Sounds awesome, right?<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Pick_Which_Coin_Youll_Use\"><\/span>5. Pick Which Coin You\u2019ll Use<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Once you\u2019ve found the game you\u2019d like to start with, it\u2019s time to choose which coin you\u2019d like to use. We recommend starting with\u00a0<em>one<\/em>\u00a0coin not to get confused about their value.<\/p>\n\n\n\n<p>Here are a few things to consider:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Start with lower-value crypto:<\/strong>\u00a0we don\u2019t recommend starting your crypto gambling experience with Bitcoin or Ethereum as they carry the highest risk.<\/li>\n\n\n\n<li><strong>Experiment with\u00a0<em>one<\/em>\u00a0game and\u00a0<em>one<\/em>\u00a0coin for a few days:<\/strong>\u00a0casinos are exciting so you may want to try everything but we recommend sticking to the basics for a while.<\/li>\n\n\n\n<li><strong>Make use of all features available:<\/strong>\u00a0what\u2019s the point of wagering low-value coins if you can\u2019t figure out which game features will help you win big in the future?<\/li>\n\n\n\n<li><strong>Look out for daily promotions:<\/strong>\u00a0crypto casinos will share\u00a0<a href=\"https:\/\/twitter.com\/wolfdotbet\" rel=\"nofollow noopener\" target=\"_blank\">daily giveaways and promotions<\/a>\u00a0on their social channels as well as their site.<\/li>\n\n\n\n<li><strong>Participate in the community:<\/strong>\u00a0most online casinos will have chatting available so make the most of it by engaging with more experienced crypto gamblers.<\/li>\n<\/ul>\n\n\n\n<p>Two great coins to start with are Ripple (XRP) and Dogecoin (DOGE). DOGE is a bit harder to get your hands on than XRP but\u00a0<a href=\"https:\/\/wolfbet.com\/blog\/online-gambling-with-bitcoin\/\">both are\u00a0<em>much<\/em>\u00a0easier to handle compared to Bitcoin<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"6_Transfer_Crypto_To_The_Casino\"><\/span>6. Transfer Crypto To The Casino<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/storage.googleapis.com\/wolfdotbetblog\/1\/2020\/08\/Wolf.bet-Screenshot-of-Deposit-Section-on-Wolf.bet-SCREENSHOT.png\" alt=\"BTC address from wolf.bet deposit section\" class=\"wp-image-169\"><\/figure>\n\n\n\n<p>Ready to wager on the outcome of your roll?<\/p>\n\n\n\n<p>Then you can transfer your crypto directly from your wallet to the casino (it\u2019s as simple as copying and pasting the address provided).<\/p>\n\n\n\n<p>Most crypto transfers are extremely fast so you can expect to start playing your game of Dice just a few minutes after you\u2019ve initiated the process.<\/p>\n\n\n\n<p>Excited yet?<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"7_Start_Gambling\"><\/span>7. Start Gambling<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>You\u2019ve chosen a trusted casino, you know the rules of the game, you\u2019ve considered the different coins you could use, and you\u2019ve committed to sending some crypto through.<\/p>\n\n\n\n<p>Now you\u2019re ready to start gambling.<\/p>\n\n\n\n<p>Even with lower-value cryptocurrency, you don\u2019t want to wager too high initially. Get used to the betting mechanisms first and raise your wagers incrementally until you find a sweet spot.<\/p>\n\n\n\n<p>As you get acquainted with the game you\u2019re playing, you should try and spot patterns that could help you create a winning strategy for the long-term.<\/p>\n\n\n\n<p>Can\u2019t think of any strategy?<\/p>\n\n\n\n<p>Here are some below\u2026<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Gambling_Strategies_To_Win_More_Crypto\"><\/span>Gambling Strategies To Win More Crypto<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The strategy you use to win more crypto will vary based on the game you\u2019re playing. There are two games which we recommend trying as a beginner:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Dice<\/li>\n\n\n\n<li>Hilo<\/li>\n<\/ol>\n\n\n\n<p>Dice is simple to start (perfect for a beginner!) but hard to master. The moment you\u2019ll think you cracked the code is when you start losing your bets. So never lower your guard\u2026<\/p>\n\n\n\n<p>Hilo, instead, is a game which relies on the odds of choosing whether the next card in a deck is higher or lower than the card currently displayed on the table.<\/p>\n\n\n\n<p>While both games tend to get quite complex as you figure out all the details, Hilo has more going for it in terms of sheer possibilities and features.<\/p>\n\n\n\n<p>Here are some strategies for both:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dice_Strategies\"><\/span><a href=\"https:\/\/wolfbet.com\/blog\/bitcoin-dice-strategies\/\">Dice Strategies<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/storage.googleapis.com\/wolfdotbetblog\/1\/2020\/07\/Wolf.bet-Bitcoin-Dice-Auto-Betting-Default-Strategies-SCREENSHOT.png\" alt=\"default strategies for bitcoin dice auto bet\" class=\"wp-image-148\"><\/figure>\n\n\n\n<p>With their names originating from the respective creators, there are three famous betting strategies that apply well to crypto Dice:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>The Martingale:<\/strong>\u00a0a time-tested strategy dating all the way back to the 18th century, the Martingale assumes you\u2019ll lose bets and that you\u2019ll make up for them by doubling down on every loss. If that sounds crazy to you, go ahead and try it!<\/li>\n\n\n\n<li><strong>The D\u2019Alemebert:<\/strong>\u00a0the D\u2019Alembert is a bit more sophisticated than the Martingale in that it has two different parts to it\u2026 1) Increasing your bet size after a loss, and; 2) reducing bet size after a win. It may sound convoluted but it works like a charm.<\/li>\n\n\n\n<li><strong>The Paroli:<\/strong>\u00a0the most sophisticated out of the three, the Paroli strategy follows a three-bet set rule, limiting the number of outcomes possible to just eight. By doing this, you are narrowing down the risk and enhancing your opportunities to win big.<\/li>\n<\/ol>\n\n\n\n<p>Which strategy you choose depends on your playing style. You can learn more about the details for each of these strategies in our\u00a0<a href=\"https:\/\/wolfbet.com\/blog\/bitcoin-dice-strategies\/\">full guide to winning at Bitcoin Dice<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Hilo_Strategies\"><\/span><a href=\"https:\/\/wolfbet.com\/blog\/high-low-card-game\/\">Hilo Strategies<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/storage.googleapis.com\/wolfdotbetblog\/1\/2020\/08\/05-1024x518.jpg\" alt=\"screenshot of hilo card game on wolf.bet\" class=\"wp-image-222\"><\/figure>\n\n\n\n<p>Hilo is mistakenly known as a strategy-less game but there are quite a few interesting takes on how to strategize your way to bigger winnings in this card game:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Aiming for lower payouts:\u00a0<\/strong>betting small isn\u2019t a bad thing if you know what you\u2019re doing\u2026 That is the philosophy behind this strategy, where you try and gather as many cards as possible while keeping your winning odds as high as you can.<\/li>\n\n\n\n<li><strong>Aiming for higher payouts:\u00a0<\/strong>higher risk is also correlated with bigger rewards so you might want to mix and match all your betting options until you gather the fifth card in a row. That\u2019s when you know you should collect your payouts!<\/li>\n\n\n\n<li><strong>First card hunt (12x multiplier):\u00a0<\/strong>have the stomach to go all in? Then go ahead and chase an Ace or a King without ever thinking about any other card\u2026 You might lose a lot, or you might win a 12x multiplier! It\u2019s a huge win with the right wager.<\/li>\n<\/ol>\n\n\n\n<p>The last strategy is a bit of a stretch if you\u2019re not the risky type but you might give it a try. To learn more about Hilo and see the strategies in action,\u00a0<a href=\"https:\/\/wolfbet.com\/blog\/high-low-card-game\/\">check out our full guide<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Online_Crypto_Gambling_The_Verdict\"><\/span>Online Crypto Gambling: The Verdict<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Whether you just want to have some fun or you\u2019re planning to become a competitive gambler, cryptocurrencies have already demonstrated their versatility in the casino world.<\/p>\n\n\n\n<p>The verdict on using them for online gambling?<\/p>\n\n\n\n<p>It\u2019s worth it,<em>\u00a0but only if you know what you\u2019re doing.<\/em><\/p>\n\n\n\n<p>Luck is a part of the game but you can\u2019t just rely on it as most games will require consistent exercise before you see any significant profit. Joining in for the hype is also a risky move.<\/p>\n\n\n\n<p>We recommend that you take your time to fully understand the rules of\u00a0<em>one<\/em>\u00a0crypto casino game and the risks involved before you throw yourself into the wagering cycle\u2026<\/p>\n\n\n\n<p>So, what game will you start with?<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/wolfbet.com\/?c=blog9&amp;utm_source=blog&amp;utm_medium=post&amp;utm_campaign=9\"><img decoding=\"async\" src=\"https:\/\/storage.googleapis.com\/wolfdotbetblog\/1\/2020\/12\/end.png\" alt=\"\" class=\"wp-image-593\"><\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>With the fast evolution of cryptocurrencies, it was only a matter of time until people started using them for entertainment purposes, including online gambling. The practice of gambling with FIAT currency using just a web browser is commonplace today but cryptocurrencies have only recently entered the game to replace them. So how do you navigate [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":131,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gambling"],"acf":[],"_links":{"self":[{"href":"https:\/\/wolfbet.com\/blog\/wp-json\/wp\/v2\/posts\/130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wolfbet.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wolfbet.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wolfbet.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wolfbet.com\/blog\/wp-json\/wp\/v2\/comments?post=130"}],"version-history":[{"count":0,"href":"https:\/\/wolfbet.com\/blog\/wp-json\/wp\/v2\/posts\/130\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wolfbet.com\/blog\/wp-json\/wp\/v2\/media\/131"}],"wp:attachment":[{"href":"https:\/\/wolfbet.com\/blog\/wp-json\/wp\/v2\/media?parent=130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wolfbet.com\/blog\/wp-json\/wp\/v2\/categories?post=130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wolfbet.com\/blog\/wp-json\/wp\/v2\/tags?post=130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}