Sportsgrid Staff
Host · Writer - Published: 11/21/24
The top crypto sweepstakes casinos provide no purchase gaming options, along with optional BTC purchases and secure crypto redemptions. Social casinos like Stake.us and Luckybird.io support crypto transactions, helping you maintain anonymity while enjoying fair casino games.
In this article, we provide details of how sweepstakes casinos work and when cryptocurrency payments become necessary. You’ll learn about some features of cryptocurrencies that improve the quality of services you get on sweepstakes sites, along with step-by-step guides on how to use this purchase option. We also talk about some of its drawbacks, although these are simply minor inconveniences.
Sweepstakes casinos don’t support real money deposits, but they offer an optional GC purchase option. To complete this purchase, some casinos allow you to use cryptocurrencies like Bitcoin. On these online casinos, the casinos affect how the wallets work, their GC purchases, and redemptions, in the following ways:
Each cryptocurrency has its perks, but most of them share general features, including:
One feature of crypto sweepstakes casinos is the presence of provably fair technology. This technology eliminates the need for independent game testers to confirm the RNGs of a game. Instead, you have the option to verify the randomness of every game round on your own.
Not all sweepstakes casinos are safe, and, understandably, you won’t want to provide your bank information to a random site. With cryptocurrencies, you don’t have to give any financial information. All you need to do is scan a QR code for optional GC purchases or provide a crypto wallet address to receive your redemption. This is not the case if you play on a Sweepstakes casino using Mastercard, since they require your information to proceed.
Transactions on sweepstakes casinos accepting Visa often experience delays due to bank verifications and other middlemen. With cryptocurrencies, verification is done on the blockchain, and the process is complete within minutes. This means you can complete purchases or receive redemptions within a much shorter period. The lack of middlemen also helps reduce the fees on your purchases or redemptions. However, you still need to ensure you select a cryptocurrency with low gas fees, which is likely not going to be Ethereum.
The prices of each cryptocurrency change due to various market conditions, and this can sometimes be a benefit when playing on crypto sweepstakes casinos. If you have a wallet with cryptocurrencies you purchased earlier, you can time your optional GC purchases to coincide with periods when your coin has a higher dollar value. You can also time your redemptions to periods when you get more cryptocurrencies for each SC you redeem.
Because Bitcoin was the first recognized cryptocurrency, it’s where most new crypto-users minds go when they hear crypto mentioned. The fact is there are now tonnes of cryptocurrencies available and more popping up all the time, meaning there are a lot to choose from.
Some of the top cryptocurrencies that are widely accepted include Bitcoin (BTC), Etherium (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). Each of these coins have their own positives and pitfalls, but it’s helpful to know a few other trusted coins.
Bitcoin is the most well-known cryptocurrency, so novices tend to gravitate towards it, and it’s easy to see why. Using BTC at social casinos provides much quicker transaction time that traditional payment methods. It’s also considered a safe and anonymous way to play at social casinos.
Another positive of using Bitcoin is that it’s one of the more widely accepted cryptocurrencies, so if a social casino has limited crypto options, you can still expect to see Bitcoin on the list. The only drawback is that not every social casino accepts cryptocurrencies in general.
Bitcoin, like all cryptocurrencies can be highly volatile, meaning your winnings could either be worth a lot more if you exchange them for traditional currency, or suddenly be worth a lot less – even if it’s just sitting in your account.
Typical redemption speed: under 10 minutes.
Ethereum is another popular cryptocurrency that tends to be widely accepted across platforms that use cryptocurrencies. Much like Bitcoin, transaction times are short, and any processing costs are generally low. Ethereum also offers anonymity and security when playing at social casinos.
As you’d expect of a cryptocurrency, Ethereum value can be very volatile. You might also be charged a fee for making purchases with ETH, depending on where you’re hoping to pay. Some social casinos don’t accept ETH at all, which is another negative.
Typical redemption speed: 2-3 minutes.
Litecoin has been around since 2011 and remains one of the most popular cryptocurrencies to this day. Transaction times are fast, with a 2-3 minute processing time at its fastest and it’s a cryptocurrency that’s widely accepted anywhere that uses cryptocurrency. All transactions are private and anonymous too.
As always with crypto, Litecoin is volatile, so that’s something to watch out for. It’s worth noting that despite being widely accepted, not everywhere will accept Litecoin.
Typical speed: 2-3 minutes.redemption
Bitcoin Cash has become a favourite among crypto users thanks to its faster and cheaper transactions compared to other cryptocurrencies.
Bitcoin Cash uses more energy than some of the other cryptocurrencies such as Bitcoin because of the way it the blockchain works, which has a stronger negative impact on the environment. It’s also worth noting that that transactions are considered less secure than Bitcoin due to the faster processing time.
Typical redemption speed: up to 10 minutes, but often instant.
Sweepstakes casinos have started to get on board with using crypto as a payment option for making Gold Coins purchases as well as a prize redemption method. Below are the cryptocurrencies our top 5 crypto sweepstakes casinos accept.
| Sweepstakes Casino | Cryptocurrencies Accepted |
|---|---|
| Stake.us | BTC, LTC, ETH ,BCH, DOGE, XRP, USDT, BNB, USDC, TRX, BUSD, CRO, ROS, SHIB, DAI, MATIC, LINK, SAND, APE, UNI |
| Lucky Bits Vegas | BTC, ETH, TRX, SOL, USDT, USDC |
| LuckyBird | BTC, ETH, DOGE, LTC, BCH, USDT, XRP |
| Rune Wager | BTC, LTC, ETH, SOL |
| Runestake | BTC, ETH, LTC, USDC |
In order to use crypto to make purchase anywhere, you’ll need to set up a crypto wallet. There are plenty of reputable crypto wallet platforms available, but we like MetaMask, Exodus and Trust Wallet because they are simple to use and available across your devices. It’s best to check which cryptocurrencies your preferred sweepstakes casino accepts, then double check the wallet platform you want to use also supports that cryptocurrency.
There are two types of crypto wallets to choose from – a hot wallet and a cold wallet. A hot wallet essentially is a software wallet that connects to the internet and because of this, makes transactions quick and convenient. There is some discussion around the security of hot wallets because all the data including seed phrases (which are a sequence needed to access the cryptocurrency) is stored online, there is no way of knowing if it has remained private.
A cold wallet keeps all the details in a physical device such as a USB drive. This is stored offline, but then needs to be connected to a hot wallet online when you want to use the cryptocurrency. Cold wallets are thought to have a higher level of security due to not being stored online, but they are less convenient for regular transactions.
Now you know the difference between the types of wallets, it’s worth thinking about how you can securely store your crypto. Lots of people like to keep a small amount of crypto in a hot wallet to allow for regular transactions, while keeping a larger portion of their crypto in a cold wallet for added security.
Other ways to add to the safekeeping of your crypto involve setting up two-factor authentication on your hot wallet and anything to do with your crypto balance.
Experts suggest you should also take note of your seed phrases using pen and paper so you have a hard copy in case of any hardware error or corruption of files. This means you have a hard copy of the details you need to recover your cryptocurrency.
It also makes sense to familiarize yourself with any phishing scams going around. If you know what to look out for, you won’t be fooled if something official-looking lands in your inbox asking for details.
Setting up a crypto wallet is generally quite straightforward. You will usually need to download some software on your device and the wallet gets created automatically as part of this and you’ll be able to purchase cryptocurrency immediately.
Buying Gold Coins with cryptocurrencies is similar yet different from how it works with the sweepstakes casino Trustly option. Here’s how it works:
Sign up at your preferred sweepstakes casino.
Navigate to the store and select the Gold Coin package you want.
Wait for the payment page to come up, and choose Bitcoin or any other cryptocurrency you want.
Copy the sweepstakes casino address from the purchase page
Enter the amount for the GC package you wish to buy and paste the address.
Confirm the transaction and wait for the gaming site to process the payment.
You’ll have no issues using cryptocurrencies on these gaming platforms, similar to how easy it is to use the sweepstakes casino Paysafecard option. But first, you need to acquire cryptocurrencies from an exchange before you can use them to buy Gold Coins.
In case you’re wondering what Gold Coins are, then know that this is one of the two types of coins you can use at sweepstakes casinos. The other are Sweepstakes Coins and you can receive both through various bonuses and promotions. While you use both for playing games, there are certain differences to keep in mind, and they’re as follows:
Now that you know the different coins at sweepstakes casinos, let’s discuss how to get cryptocurrencies:
You can buy cryptocurrencies on various sites, including trusted exchanges such as Coinbase, Binance, and Kraken, as well as peer-to-peer platforms. Ensure your selected site is reputable and has a track record of offering reliable and satisfactory services. Most exchanges and other trade platforms will require you to create an account and complete KYC verification.
These sites allow you to purchase different virtual currencies, including Bitcoin. If it’s a peer-to-peer platform, you’ll be connected directly to a seller that offers you the crypto equivalent of your fiat money. These exchanges usually take only a few minutes to complete.
Many exchanges allow you to store your cryptocurrencies on their platform. This is called hot storage because your holdings are online. You can also opt for personal wallets that enable you to store your virtual currencies offline.
Open CrownCoinsCasino
Open CrownCoinsCasino
As we mentioned earlier, you can only redeem Sweepstakes Coins. However, before doing this, you must have met specific terms and conditions. First, you must have played through these coins a certain number of times. You also have to verify your identity before making your first redemption. Once you’ve met these conditions, you can kickstart the exchange by following these steps:
The first thing to check when looking for crypto sweepstakes casinos is whether the platform supports these payment methods. Be sure you have various alternatives to choose from, especially popular options like Bitcoin, Ethereum, Litecoin, and Tether.
You should also pick a platform with a decent game collection. There should be slots, instant win games, and other options that appeal to you. Besides games and payment methods, evaluate the platform’s terms and conditions, safety protocols, and mobile compatibility.
Whilst crypto is widely legal across all US states, not every state allows Sweepstakes casinos to operate. Because of this, not every crypto sweepstakes casino will be available in every state.
Below shows the states where our top 5 crypto sweepstakes casinos are banned.
| Sweepstakes Casino | Banned States |
|---|---|
| Stake.us | Arizona, Connecticut, Delaware, Idaho, Kentucky, Louisiana, Maryand, Michigan, Montana, Nevada, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, Washington, West Virginia |
| Lucky Bits Vegas | Arizona, Connecticut, Delaware, Idaho, Kentucky, Louisiana, Maryland, Michigan, Montana, Nevada, New Jersey, New York, Pennsylvania, Rhode Island, Washington, and West Virginia |
| LuckyBird | Connecticut, Delaware, Idaho, Michigan, Nevada, Washington |
| Rune Wager | Washington |
| Runestake | Idaho, Michigan, Nevada, Washington |
From this sweepstakes casino crypto site evaluation, you can tell that there are several upsides to using these payment methods. However, there are also downsides, and we’ve noted these pros and cons below:
There is no shortage of social casinos in the US, but you need to ensure you’re picking the best option. For those who’re comfortable using digital currencies, you can find trustworthy BTC-only sweepstakes casinos to visit. However, we recommend choosing a site that supports several coins to avoid being forced to redeem BTC at a time when its price is fluctuating.
For the best social gaming experience, Stake.us and Lucky Bits Vegas are our top picks for crypto users. Both sites offer massive welcome packages, and you can learn more by taking any of our banners.
Open CrownCoinsCasino
Open CrownCoinsCasino
Yes, sweepstakes casino crypto sites are legal. These platforms have permission to operate in all US states except Washington and Idaho.
You can find the best sweepstakes casinos that accept cryptocurrencies on our page. We’ve selected top platforms that are safe, reliable, and have offerings to cater to varying player preferences.
You can use cryptocurrencies to purchase Gold Coins and redeem Sweepstakes Coins at sweepstakes casinos.
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