Most Popular Cryptocurrencies in Online Casinos | Research January 2024

[judeafante]

I hope we have something like this every year not only in the gambling section but all the other sections of this forum that are Cryptocurrency related, we will advance our learning and newbies can easily grasp all that happened and the past and current stat, kudos to OP for coming up to something like this.

[Kakmakr]

Guys, .....do you still remember when SatoshiDice was sold for 126,315 BTC, around $11.5 million at the time. (Now valued at about $4 837 000 000 at a price of $38 280 per coin.) 

They regarded that as one of the largest Bitcoin transactions back in the day, so that made some history too.    (Make you wonder how many of those coins are still owned by the original owners) 

Thank you OP, for taking the time to gather all that data to create a nice Infographic like that.

[Cling18]

As we could notice, the gambling community is growing and improving each day. It simply means that blockchain technology has reached lots of milestones already which amazes us each day. The infographic is too impressive and Op seems to do a series of research to provide it. I believe that blockchain gambling could even reach more in the coming years.

[bittraffic]

Are you also surprised to learn the casino you kept playing since 2016 is not a licensed casino?
I have not experienced any hassle from them though.

Great job to OP. I'd like to see some for inforgraphics to some other companies built since the time BTC started.
Stats of exchanges or something like stats of fiat base casino that also started accepting crypto.

[Haunebu]

Just noticed this infographic and I was blown away by your effort op. You clearly did your research thoroughly since all the statistics that you presented seem accurate.

Never knew that Bitcasino(One of my favourite crypto gambling sites) was the first licensed crypto casino. Also, I am not surprised to see the rise in number of crypto gambling sites over the years for obvious reasons.

[hyudien]

Guys, .....do you still remember when SatoshiDice was sold for 126,315 BTC, around $11.5 million at the time. (Now valued at about $4 837 000 000 at a price of $38 280 per coin.) 

They regarded that as one of the largest Bitcoin transactions back in the day, so that made some history too.    (Make you wonder how many of those coins are still owned by the original owners) 

Thank you OP, for taking the time to gather all that data to create a nice Infographic like that.

Looking back on those days, and sadly can't go back and expect more purchases. Ah damn it's been a long time and it once hit me so hard that I couldn't sleep when I thought of SatoshiDice. 

The infographic that the OP made is enough to give us a little light so it's not difficult to find a list of casino lists we are looking for to do a comparison. Maybe if the OP added more infographics we would be very helpful.

[TimeTeller]

Are you also surprised to learn the casino you kept playing since 2016 is not a licensed casino?
I have not experienced any hassle from them though.

Great job to OP. I'd like to see some for inforgraphics to some other companies built since the time BTC started.
Stats of exchanges or something like stats of fiat base casino that also started accepting crypto.

Are you talking about freebitco here? Because that's one of the first gambling sites that I've played also.
I believe, freebitco earned their credibility by time. And they don't find a need to acquire gaming license up until now.
And yet, many players are still going to this site, getting free satoshis, playing WoF, joining the Lambo contest and many others.
This infographic also established the use case of crypto in the gambling industry as this industry is one of the pioneering applications of crypto.

[og kush420]

I check the Infographic and its interesting especially if you will provide a source on each major event that you indicated on the timeline on the page of your Infographics. I'm here in Bitcointalk for a long time but I didn't most of that major event which I really want to read from a reliable source. Since you are the owner of the website, please put your Infographics directly here by just cropping it in parts then upload it on imgur to copy the image BBCode individually.

Your thread will be interesting if all the details in your Infographic is visible already here rather than visiting your website which is very laggy to scroll down.

I have only read about coins this is the fine representation and also for the newbies, very detailed and informative. But I agree with @coin_trader if you squeeze them a bit to one post it would look more interesting. Have that been for  a social media post that would be a very interesting posts in carousel posts. Very nicely put together. Are you working on more posts? Would love to see what’s coming next.

[SweetL0u]

Very interesting stats,
thanks for sharing

[decodx]

This is a great infographic! It really puts things into perspective.

I have a few questions, though. Did you only consider casinos that have an ANN topic on bitcointalk forum or did you use other data sources? How do you differentiate between crypto casinos and online casinos that accept crypto payments?

I considered a casino as a crypto one if they have only crypto payments, or they had only crypto payments first and then added fiat payment, or casinos that position themselves as crypto casinos (mention in in titles and allow use crypto as an account currency)

Ah, that explains it. I thought the total number was a bit low. I know for a fact that many online casinos that previously only accepted fiat are now accepting cryptocurrencies as well. With online gambling being so popular nowadays, it seems only natural that all providers in this space would want to take advantage of it.

[timerland]

Well done on this extremely detailed infographic.

It is clear that as time has moved on, there has been a rapid influx of new casinos.

I personally still stick to the old classics because they are simply much more trustworthy and have stood the test of time. A lot of people just throw their money at new casinos, but I think that it is incredibly risky to do so especially without the proper research going into it beforehand.

[Fatunad]

This is a great infographic! It really puts things into perspective.

I have a few questions, though. Did you only consider casinos that have an ANN topic on bitcointalk forum or did you use other data sources? How do you differentiate between crypto casinos and online casinos that accept crypto payments?

I considered a casino as a crypto one if they have only crypto payments, or they had only crypto payments first and then added fiat payment, or casinos that position themselves as crypto casinos (mention in in titles and allow use crypto as an account currency)

Ah, that explains it. I thought the total number was a bit low. I know for a fact that many online casinos that previously only accepted fiat are now accepting cryptocurrencies as well. With online gambling being so popular nowadays, it seems only natural that all providers in this space would want to take advantage of it.

We've seen already some old or typical fiat casinos had made out some crypto integration which it isnt surprising for a business to adapt on what the current trend and they have seen that
there are some crypto gamblers who do really gamble heavily which means that they shouldnt really miss out those people and trying to get one.For those who are solely focused
on crypto casinos that we do have today then they are the ones who do really get much attention on this crypto space community and its evident.

[seoincorporation]

When i join this crazy crypto world in 2014 i did it because the casinos used to give away money to the customers, the old and famous chat lotto was a thing. And for that time the licenses for the casinos was irrelevant, all the users used to make the same question:

Is this provably fair? and how can I verify my rolls?

Now is totally different, we see more users but none of them cares if the site is provably fair. they just focus on the license. So, we can see new casinos but at the same time we see new gamblers too.

[Mauser]

Very interesting summary you made here, it looks very professional. Thank you for it. By looking through it I was very surprised. Some of the statistics are new to me. Especially that only 3% online casinos identify as crypto casinos. Somehow I thought that after the crypto rally from last year that we had many more crypto casinos. I know that all the big casinos from Las Vegas also operate online, but the huge rise of crypto casinos should match that. My own perception is probably skewed towards crypto casinos through this forum. Except for playing poker on some old school software, I would say that all my online gambling is done on crypto casinos.
What is a bit alarming to me is that only 51% of crypto casinos have a valid gambling licence. That number seems a bit low too. I would have expected the pressure from gamblers to be much higher on casinos to operate with a valid licence. Especially since online gambling licences can be obtained for around 10,000 USD from some tax haven countries. When choosing a casino I will always prefer to gamble on the one that has a licence, compared to another one.

[Fivestar4everMVP]

When i join this crazy crypto world in 2014 i did it because the casinos used to give away money to the customers, the old and famous chat lotto was a thing. And for that time the licenses for the casinos was irrelevant, all the users used to make the same question:

Is this provably fair? and how can I verify my rolls?

Now is totally different, we see more users but none of them cares if the site is provably fair. they just focus on the license. So, we can see new casinos but at the same time we see new gamblers too.

Do not forget to mention KYC as this will be our concern to know if the gambling site does not require KYC or it will ask for KYC. We will love to see a crypto gambling site that does not require KYC and fortunately, we already have many of those. Besides that, in the last 2 years, the number of crypto gambling sites increased. They all offer different things for their customers, which can give us more convenience.

Well, then the question is, those gambling sites that do not require kyc right now, how long will they continue to operate without requiring kyc from its customers?, I personally think we shouldn't be so hard on gambling site that ask their customers for kyc verification, this is due to several reasons which sometimes, we the users fail to understand, alot of bad eggs in our society today use all means available to launder money and commit all sort of evil crimes, this set of individuals won't hesitate to make use of a gambling site to perpetrate their evil act if they find the opportunity, and most gambling sites requiring kyc verification from their customers today are only doing so to protect themselves and their customers from such kind of people, because at the end of it all, what ever happens or affects the gambling site affects the customers who have their money stored in the site too.

[South Park]

I hope we have something like this every year not only in the gambling section but all the other sections of this forum that are Cryptocurrency related, we will advance our learning and newbies can easily grasp all that happened and the past and current stat, kudos to OP for coming up to something like this.

Without a doubt it was an interesting read and I hope something similar could be done about exchanges, after all if gambling is the second industry in terms of significance to this market, and without a doubt exchanges would be the number one and it would be interesting to know how they have evolved over the years as this market has gained more and more attention from the public in general and the amount of money invested in it has increased in such a significant manner.

[mindrust]

Guys, .....do you still remember when SatoshiDice was sold for 126,315 BTC, around $11.5 million at the time. (Now valued at about $4 837 000 000 at a price of $38 280 per coin.)  

They regarded that as one of the largest Bitcoin transactions back in the day, so that made some history too.    (Make you wonder how many of those coins are still owned by the original owners)  

Thank you OP, for taking the time to gather all that data to create a nice Infographic like that.

Didn't they become a BCH casino later on? I remember this casino somehow. The buyer was Roger V probably. (or someone very close to him) He must have thought that if he buys one of the OG casinos, he can raise the BCH adoption...

I just checked the domain, they indeed accept only BCH.



Last bet was 3 hours ago... Seems pretty dead. I don't know if he can sell it for a million USD nowadays...

[Oilacris]

I hope we have something like this every year not only in the gambling section but all the other sections of this forum that are Cryptocurrency related, we will advance our learning and newbies can easily grasp all that happened and the past and current stat, kudos to OP for coming up to something like this.

Without a doubt it was an interesting read and I hope something similar could be done about exchanges, after all if gambling is the second industry in terms of significance to this market, and without a doubt exchanges would be the number one and it would be interesting to know how they have evolved over the years as this market has gained more and more attention from the public in general and the amount of money invested in it has increased in such a significant manner.

Comparing about numbers then i could say that casinos is much more in numbers rather into those exchange platforms existing including those who had been standing as of today and to those who had
been died or hacked but speaking with volume or liquidity then nothing beats out these exchangers which we know that it is no doubt to be on top in terms of marketshare.
It is true that it would be good if we do able to see other infographics on related to exchanges which is similar to this to have at least on picturing out
on how far we had able to reach out.

[pieppiep]

Well, then the question is, those gambling sites that do not require kyc right now, how long will they continue to operate without requiring kyc from its customers?, I personally think we shouldn't be so hard on gambling site that ask their customers for kyc verification, this is due to several reasons which sometimes, we the users fail to understand, alot of bad eggs in our society today use all means available to launder money and commit all sort of evil crimes, this set of individuals won't hesitate to make use of a gambling site to perpetrate their evil act if they find the opportunity, and most gambling sites requiring kyc verification from their customers today are only doing so to protect themselves and their customers from such kind of people, because at the end of it all, what ever happens or affects the gambling site affects the customers who have their money stored in the site too.

If you ask me how long will they continue without asking KYC to their customers, I do not have the right answer because that will depend on each casino. But the casino that wants to give the best services will still do this while they can also negotiate with the gambling providers not too strict to their customers.

If we talk about laundering money, we talk about a lot of money that will be used to gamble and for that, the casino can ask them about the funds, where the money comes from, etc. The casino can also ask them to verify those people to know their customers who use big money.

[paxmao]

The total number of casinos at international level that are starting to accept crypto is growing by the minute no doubt. There is a clear growth in the gambling industry in general and there is nothing that would deter a casino from accepting any type of currency including a range of cryptos. I think that the question now is much more about which cryptos will be accepted, that is, what type of stability in acceptance makes creating a payment gate worth the effort.