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Best Decentralized Casinos & Gambling Sites 2024

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Decentralized gambling is a huge growth market. Players deposit cryptocurrencies instead of fiat money, ensuring transparent, fast, and low-cost payments. Other perks include fairer house edges, instant payouts, large sign-up bonuses, and anonymity.

Read on to discover the best decentralized crypto casinos and gambling sites for 2024. Learn which blockchain casinos offer the best games, welcome packages, and fastest withdrawals.

200% Instant Bonus Up To 10 ETH

Official Partner
AC Milan
21/03/24

200% Instant Bonus Up To 10 ETH

  • World's first licensed Telegram casino
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100% Bonus Up To 1 BTC + 10% Weekly Cashback

21/03/24

100% Bonus Up To 1 BTC + 10% Weekly Cashback

  • No KYC required
  • Generous VIP rewards program
  • Instant crypto payouts
NO CODE REQUIRED
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Four Deposit Bonuses Matched Between 270-360%

21/03/24

Four Deposit Bonuses Matched Between 270-360%

  • Huge range of regular promotions
  • Bet on casino games, sports, lottery & bingo
  • Wide range of payment methods
NO CODE REQUIRED
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200% Up To $25,000

21/03/24

200% Up To $25,000

  • Monthly $WSM token airdrops
  • Over 5,000 top casino games
  • Supports many cryptos including meme coins
NO CODE REQUIRED
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100% Up To $1,500

30/05/24

100% Up To $1,500

  • 10% Weekly Cashback
  • Sportsbook and Poker Offering
  • Bitcoin Lightning Network
9.5
4.5 Stars
NO CODE REQUIRED
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200% Welcome Bonus Up To $25,000 + 50 Free Spins

21/03/24

200% Welcome Bonus Up To $25,000 + 50 Free Spins

  • Up to 100 free spins daily as well as loyalty rewards
  • Instant payouts with no withdrawal limits
  • Supports over 20 cryptos & Wallet Connect
NO CODE REQUIRED
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Weekly 10% Cashback + Instant Withdrawals

Official Partner
Juventus
28/06/24

Weekly 10% Cashback + Instant Withdrawals

  • Facilitates Instant Withdrawals
  • Wide Range of Payment Methods
  • 10% Weekly Cashback on Net Losses with no Wagering Requirements
8.6
4.5 Stars
NO CODE REQUIRED
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200% Bonus Up To 1 BTC + 50 Spins

21/03/24

200% Bonus Up To 1 BTC + 50 Spins

  • Play via web or instantly on the Telegram app
  • Over 170 immersive live dealer tables
  • Great for high rollers
NO CODE REQUIRED
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Exclusive Bonus Of 200% + 300 FS + Up To 20% Cashback

27/03/24

Exclusive Bonus Of 200% + 300 FS + Up To 20% Cashback

  • No KYC and VPN-friendly
  • 24/7 Customer Support + Instant Withdrawal
  • Anonymous Casino with Amazing Loyalty Program
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4.5 Stars
NO CODE REQUIRED
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100% Bonus & 50 Free Spins + 20% Weekly Cashback

20/05/24

100% Bonus & 50 Free Spins + 20% Weekly Cashback

  • Anonymous, No KYC & VPN friendly
  • 10,000+ most popular slots with weekly free spins
  • No limits and instant deposits/withdrawals
8.8
4.5 Stars
NO CODE REQUIRED
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30/05/24

5% Daily Winback To All Players!

  • Instant Web3 withdrawals up to $100K per day
  • Max RTP on all casino games
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NO CODE REQUIRED
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Deposit $50+ and get 3 Fortune spins

13/06/24

Deposit $50+ and get 3 Fortune spins

  • Offers up to 500% bonus on 4 deposits
  • Supports anonymous gambling and 15+ cryptos
  • 24/7 live support and 20% cashback on deposit loss
8.7
4.5 Stars
NO CODE REQUIRED
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Max 30% Rakeback + 100 First Deposit Free Spins

30/05/24

Max 30% Rakeback + 100 First Deposit Free Spins

  • Instant deposits and withdrawals
  • No KYC and VPN friendly
  • Get 6000+ games with VPN
8.1
4.5 Stars
NO CODE REQUIRED
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100% Up To 5 BTC + 100 Free Spins

21/03/24

100% Up To 5 BTC + 100 Free Spins

  • Up to 20% cashback on weekends
  • Instant Withdrawals
  • More than 9,000 Games Available
NO CODE REQUIRED
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200% Welcome Boost Up To 20,000 USDT

20/05/24

200% Welcome Boost Up To 20,000 USDT

  • Privacy first - play anonymously
  • Instant deposits and withdrawals
  • VIP Roulette: High Stakes Live
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10% Cashback Instantly On Every Deposit

30/05/24

10% Cashback Instantly On Every Deposit

  • 2,500+ Casino Games
  • In-game Multicurrency
  • Fast Deposit/Withdrawals
8.2
4.5 Stars
NO CODE REQUIRED
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180% up to 20,000 USDT

16/08/24

180% up to 20,000 USDT

  • Extremely fast withdrawals
  • Variety of crypto payments
  • Web 2 & 3 experience
8.3
4.5 Stars
NO CODE REQUIRED
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Welcome Bonus: Get 5 BTC + 180 Free Spins

21/03/24

Welcome Bonus: Get 5 BTC + 180 Free Spins

  • Offers mystery prizes, tournaments, level up rewards and much more
  • Wide range of payment methods from crypto to Skrill
  • Casinomeister accredited casino
NO CODE REQUIRED
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2,250 USDT matched bonus + 90 Free Spins

13/08/24

2,250 USDT matched bonus + 90 Free Spins

  • Fast transactions
  • Withdrawable LP bonuses
  • Buy crypto with a card
8.5
4.5 Stars
NO CODE REQUIRED
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Get Up to 4,500 USDT Extra on First Deposits

21/03/24

Get Up to 4,500 USDT Extra on First Deposits

  • One of the best live dealer crypto casinos
  • Fully licensed & regulated
  • Lots of jackpot slots
NO CODE REQUIRED
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21/03/24

Weekly Giveaways & Promotions

  • Supports crypto deposits
  • Large library of +3,000 casino games
  • Available on mobile devices
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The Best Decentralized Casinos and Crypto Gambling Sites Listed:

The best decentralized casinos for 2024 are summarized below:

  1. WSM Casino – 2024‘s overall best decentralized gambling site
  2. Betpanda – Leading decentralized casino with 10% weekly cashback
  3. CoinPoker – Best blockchain poker site with 150% signup bonus
  4. TG.Casino – Regulated Telegram casino/sportsbook with instant payouts
  5. Lucky Block – One of the best options for playing online crypto slot games
  6. Mega Dice – Offers heaps of popular casino games/sports betting markets
  7. BC.Game – New players get four matched deposit bonuses of up to $20k
  8. Wild.io – Get 350% worth of deposit bonuses and up to 200 free spins
  9. Cryptorino – A great option for getting 10% cash back on weekly losses
  10. Ybets – Sign up and get three Engine of Fortune spins to win up to 5 BTC

Reviewing the Best Decentralized Gambling Sites for Players

The following reviews cover everything players need to know about the top decentralized online casinos. I discuss bonuses, fairness, available gambling games, payout times, and more. My reviews are unbiased and based on my own subjective experiences.

1. Wall Street Memes – The Overall Best Decentralized Gambling Site in the Market

  • Welcome Bonus: 200% deposit match up to $25,000. Plus, up to 10 x $20 free sports bets and 50 free spins
  • Wager Requirement: 10% of the bonus is released whenever the original deposit is wagered 6 times (deposit bonus), 0x (sports bets), 35x (free spins)
  • Payout Time: Instant
  • Minimum Deposit: 0.0001 BTC
  • Established Date: 2023
  • License: Curaçao

Look no further than Wall Street Memes when choosing a decentralized casino. Wall Street Memes is a crypto-centric gambling site that supports over 5,000 games. This includes slots from NetEnt, Betsoft, Pragmatic Play, Hacksaw Gaming, and other regulated developers. Not to mention blackjack, roulette, baccarat, video poker, craps, and keno.

Wall Street Memes also offers live poker games with live dealer tables and a sportsbook with in-play betting. It also offers instant-win games with provably fair outcomes, including dice, Hi-Lo, crash, and plinko. Players can open a Wall Street Memes account in seconds—just enter and verify an email address. The minimum first-time deposit is just 0.0001 BTC.

Wall Street Memes blackjack tables

In addition to Bitcoin, Wall Street Memes also accepts Dogecoin, XRP, Ethereum, Toncoin, Solana, and more. The first deposit is matched by 200% (up to $25,000). Depending on the deposit size, players also get up to $200 in free sports bets. 50 free spins worth up to $4 each are also included. Wall Street Memes processes withdrawals instantly.

Pros

  • Supports over 5,000 casino games
  • The first deposit is matched by 200%
  • New players also get 50 free spins and up to $200 in free sports bets
  • Crypto payments are processed instantly
  • No personal information or documents are needed when joining

Cons

  • The maximum free spins bonus requires a $1,000 deposit
  • The website is blocked when accessed from certain countries

Visit Wall Street Memes

2. Betpanda – Top-rated Decentralized Casino Supporting the Bitcoin Lightning Network

  • Welcome Bonus: 100% deposit match up to 1 BTC
  • Wager Requirement: The bonus and deposit amounts must be wagered 40 times (80x)
  • Payout Time: Instant
  • Minimum Deposit: No minimum deposit
  • Established Date: 2023
  • License: Costa Rica

Betpanda is one of the best options for players who prioritize fast deposits and withdrawals. While Bitcoin payments usually take 10 minutes, Betpanda is compatible with the Lightning Network. This means players can deposit and withdraw funds in seconds. What’s more, there are no minimum deposit requirements at Betpanda.

Considering the Lightning Network charges micro-cents in transaction fees, Betpanda is ideal for casual players looking to wager a few dollars. It supports thousands of gambling games too, keeping things fresh for players with each visit. This includes software-based and live table games, covering variations of roulette, baccarat, video poker, and blackjack.

Betpanda casino review

Betpanda also supports slots, instant-win games, and sports betting. It offers new customers a generous welcome package: the first deposit is matched by 100% (up to 1 BTC). Do note that Betpanda also supports some of the best altcoins. This includes Ethereum, Litecoin, TRON, BNB, XRP, and Tether.

Pros

  • Compatible with the Bitcoin Lightning Network
  • BTC deposits and withdrawals take seconds
  • Supports slots, table games, live dealers, and sports betting
  • Get a 1 BTC deposit bonus when joining
  • Top-rated live chat support is available 24/7

Cons

  • 80x wagering requirements for the welcome package
  • Provides limited information on VIP rewards

Visit Betpanda

3. CoinPoker – Popular Blockchain Poker Site With Decentralized Gambling Outcomes

  • Welcome Bonus: 150% deposit match up to $2,000
  • Wager Requirement: 2x the deposit amount must be paid in rake. Bonus funds are released in 10% increments
  • Payout Time: Instant
  • Minimum Deposit: No minimum deposit
  • Established Date: 2017
  • License: Curaçao

Launched in 2017, CoinPoker is considered one of the best Bitcoin poker sites. It offers live games in various poker forms, including cash tables and sit-and-go. It’s also popular for its poker tournaments. This includes satellite games with low entry fees; winners receive entry to a major tournament with huge payouts.

Freeroll games are also supported, meaning players can win real cryptocurrencies without paying an entry fee. CoinPoker leverages the blockchain protocol when dealing poker hands. This means gambling outcomes are decentralized and independently verifiable, and it also ensures hands can’t be predetermined by players.

CoinPoker review

Players will also like the CoinPoker user experience. It offers native poker software for desktops and mobiles, and operating systems include Windows, Mac, Android, and iOS. The CoinPoker welcome package comes with a 150% deposit match up to $2,000. Bonus funds are released as players pay rake. CoinPoker accepts Ethereum, Solana, Tether, Polygon, and Bitcoin.

Pros

  • The best decentralized gambling platform for poker players
  • Poker cards are generated via decentralized smart contracts
  • Deposits and withdrawals are approved immediately
  • Poker games include tournaments and sit-and-go tables
  • Offers $2,000 welcome package to first-time customers

Cons

  • Doesn’t offer casino games or sports betting
  • Bonus funds are only released when players pay rake

Visit CoinPoker

4. TG.Casino – Regulated Telegram Casino and Sportsbook With Instant Payouts 

  • Welcome Bonus: 200% deposit match up to 10 ETH and 50 wager-free spins
  • Wager Requirement: 10% of the bonus is released whenever the original deposit is wagered 6 times (deposit bonus), 0x (free spins)
  • Payout Time: Instant
  • Minimum Deposit: 0.0001 BTC
  • Established Date: 2024
  • License: Curaçao

TG.Casino is a new decentralized gambling site that’s regulated by the Curaçao government. It’s available on the Telegram app, allowing players to conveniently wager cryptocurrencies privately. TG.Casino accepts some of the best cryptocurrencies to buy, including Dogecoin, XRP, Bitcoin, Ethereum, and Tether.

Players have access to thousands of games, including slots, keno, plinko, dice, and video poker. More than 100 live dealer tables are supported too, with live casino games covering roulette, Monopoly, Deal or No Deal, blackjack, roulette, and Bitcoin craps. TG.Casino is also ideal for placing sports bets. Pre-match and in-play odds are available on over 30 popular sports.

TG.Casino review

This includes soccer, basketball, cricket, and tennis. A huge welcome package awaits new players. The first deposit is matched by 200% (up to 10 ETH). You’ll also get 50 free spins. These come without any wagering requirements. TG.Casino processed withdrawals instantly and customer support operates 24/7.

Pros

  • Most withdrawal requests are approved instantly
  • Supports hundreds of live dealer games
  • Accessible on the Telegram app
  • Great customer support team
  • New players get 50 free spins without wagering requirements

Cons

  • Some bonuses require TGC tokens, which are native to TG.Casino
  • Doesn’t offer weekly reload bonuses

Visit TG.Casino

5. Lucky Block – One of the Best Options for Playing Online Slot Games With Crypto    

  • Welcome Bonus: 200% deposit match up to €25,000 + 50 free spins
  • Wager Requirement: 10% of the bonus is released whenever the original deposit is wagered 6 times
  • Payout Time: Instant
  • Minimum Deposit: 0.0001 BTC
  • Established Date: 2022
  • License: Curaçao

Lucky Block is one of the best decentralized casinos for playing online slots. I found almost 5,000 slot games, including popular Megaways titles like Piggy Riches 2, 9 Blazing Cashpots, Great Buffalo, and Wild Coyote. Lucky Block is also one of the best Bitcoin slots sites for bonus buy games. This includes Fire in the Hole 2, Zeus Fortune, and Piggy Cluster Hunt.

Players can also filter slots for progressive jackpots, Drops & Wins, and titles paying over 10,000x. New players at Lucky Block get 50 free spins when depositing at least €20. That first deposit will also trigger a 200% match (up to €25,000). Lucky Block also offers seasonal slot promotions. For example, players can win up to 230 spins by playing Slot of the Week.

Lucky Block casino review

Lucky Block also offers table games, including baccarat, roulette, and craps. Dozens of blackjack tables are also available. Lucky Block accepts over a dozen cryptocurrencies, including Bitcoin, Ethereum, and Solana. Players can access Lucky Block on web and mobile browsers. It’s also available on the Telegram app.

Pros

  • One of the best options for slot fans
  • Play Megaways, progressive jackpots, and bonus buys
  • Deposit €20 to get 50 free spins on Wanted Dead or a Wild
  • The first deposit comes with a 200% match
  • Regulated by the Curaçao government

Cons

  • Players must meet challenging wagering terms to withdraw bonuses
  • Blocks access from some countries

Visit Lucky Block

An Overview of Decentralized Casino Sites

Online gambling is a multi-billion dollar arena. The industry has witnessed many changes in recent years; one of the most revolutionary is ‘decentralization’. Put simply, decentralization makes online gambling a fairer and more transparent place for players. Decentralized casinos implement innovative technologies like smart contracts and blockchain protocol.

For example, rather than leveraging expensive and slow bank wires, players can deposit funds with Bitcoin and other popular cryptocurrencies. This low-cost alternative ensures that payments are processed almost instantly. Players simply need a self-custody wallet that’s funded with a supported coin. Decentralized casinos have also revolutionized online gambling accounts.

What is decentralized gambling?

Traditional casinos typically have a strict sign-up process. In addition to personal information, players are asked for a government-issued ID and a document verifying their home address. Decentralized casinos embrace privacy and anonymity. They only require an email address from players, and this is only for account recovery purposes.

Decentralized casinos have also created a sea-change in gambling withdrawals. Many platforms have automated the cashout process. Players request a payout back to their wallet, and the casino will process the transfer immediately. Put otherwise, players no longer need to wait days or weeks to receive their money.

A Closer Look at How Decentralized Casinos Operate

Decentralized gambling will be new to many players – especially those without experience in cryptocurrencies and blockchain technology.

With this in mind, I’ll now break down the fundamentals. Read on to learn how decentralized crypto gambling works.

Decentralized Accounts 

The first aspect of decentralized gambling is joining an online casino. Most platforms in this space have a common approach to account opening; players are only required to supply an email address.

This might surprise gambling veterans. After all, the traditional process requires a name, date of birth, nationality, residential address, and other personal details, not to mention a comprehensive KYC verification procedure.

This typically requires a passport, state ID card, or driver’s license. The casino will often need to verify the document manually. This means players must wait several hours or days before they can begin playing. KYC checks are rarely required at a decentralized casino.

Decentralized Payments 

The next part of the decentralized gambling process is payments. Players deposit popular cryptocurrencies, which are then used as the wagering currency. However, stakes are specified in ‘fiat’ money like USD or EUR. This is a convenient way to assess wagering amounts.

Deposits are made from a private wallet. Players must copy their deposit address from their casino account, paste it into their wallet, and transfer the coins. Decentralized casinos online use the blockchain to verify payments, meaning they’re often confirmed in minutes or even seconds.

Additionally, although fees vary depending on the network (e.g. Bitcoin or Solana), deposits often only cost a few cents. Now, payments at traditional online casinos are not only expensive but slow. For example, bank wires often take 3-5 days to arrive.

Decentralized Games 

One of the latest online casino trends is ‘decentralized games’. These are gambling games that leverage blockchain technology. This means game outcomes are generated in a fair, immutable, and transparent way.

Players can verify outcomes independently, as most blockchains are open-sourced. For example, suppose you’re playing a video poker game with a 99.5% return-to-play (RTP). You can verify beyond doubt that the stated RTP is legitimate.

Decentralized casinos explained

This isn’t the case when playing traditional casino games, which are backed by conventional random number generators (RNGs). The key issue is that RNG outcomes aren’t open-sourced, so players cannot verify their credibility.

Why Use a Decentralized Gambling Site?

I’ll now elaborate on the key benefits available when using DeFi gambling sites

Gamble Online in Privacy

The online gambling space has become overly intrusive, with casinos not only demanding personal information but also ID verification documents. These pain points can be avoided by using a decentralized casino site.

As mentioned, you can register an account simply by entering an email address and a password. Privacy is also assured through wallet-to-wallet payments. The casino will only see the player’s wallet address when coins are deposited.

For example, a Bitcoin wallet address looks like this:

  • 3LYJfcfHPXYJreMsASk2jkn69LWEYKzexb

In contrast, traditional casinos require deposits to be in the account holder’s name. Payments will also appear on bank and credit card statements, which can be problematic if you want to keep your gambling activities private.

Avoid Jurisdictional Restrictions

Decentralization, in general, is all about inclusion. Traditional products and services should be available to the masses, not only to people from certain backgrounds. This concept also applies to decentralized casinos.

After all, players in many countries do not have access to gambling facilities. Even attempting to access a casino site can be met with government restrictions. Bypassing these restrictions with a VPN alone often doesn’t work.

As mentioned, players must enter personal information when joining a traditional casino. They won’t be able to join if they’re from a prohibited country. In comparison, decentralized casinos only ask for an email address from players, meaning their home country is irrelevant.

Receive Your Winnings in Minutes

Waiting for an online casino to approve withdrawals can be stressful, especially when cashing out large amounts. Before receiving their winnings, players need to go through a few steps.

First, players request a withdrawal – traditional online casinos average 48 hours but longer frames are possible. The casino will then process the payment (e.g. by initiating a bank wire). Then players must wait for their financial institution to receive and credit the payment.

Decentralized casinos have revolutionized these steps. Put simply, withdrawal requests are usually approved and processed immediately. The funds are automatically transferred to the player’s wallet – taking minutes to arrive.

Reduced Overheads Means Larger Bonuses

Another benefit of using a decentralized casino platform is that bonuses are often larger. They typically come with fairer terms too. This is because decentralized platforms have much lower overheads, with the savings passed onto players.

For example, Wall Street Memes offers one of the most generous bonuses we’ve come across. The first deposit is matched by 200% up to $25,000. So, if you deposited $7,000 worth of Bitcoin, you’d get an extra $14,000.

Wall Street Memes also offers 50 free spins, each valued at up to $4. So, if you land a 50x pay line, you’d win $200. First-time players also receive up to $200 worth of free sports bets. This is just one example—lucrative bonuses are available at most decentralized gambling sites.

Drawbacks and Risks of Decentralized Casinos

Players should also consider the downsides when researching the best decentralized casinos.

Some of the main risks to be aware of are summarized below:

  • Regulation is Still Nascent: Decentralized gambling is still an up-and-coming concept, which means regulatory developments are still nascent. For example, many decentralized casinos are licensed with offshore bodies, which could mean limited player protections if issues arise. More stringent regulation could hinder the industry’s growth, especially regarding anonymity.
  • Many Casinos Have a Limited Track Record: I found that even the best decentralized casino sites have a limited track record. Many have been operational for under 1-2 years. This increases the risk for players. In contrast, many casinos in the traditional space have been active since online gambling began.
  • Cryptocurrencies are Volatile: Although cryptocurrency payments are fast and cost-effective, a downside is that they do witness high volatility. For example, suppose you deposit $100 worth of Dogecoin into your casino account. You increase your balance to $120. However, the DOGE/USD price has since dropped by 20%, meaning your profits are effectively wiped out. The solution here is to deposit and wager stablecoins like Tether.
  • Beginners Might Find Wallet Payment Intimidating: Another downside of decentralized casinos is that beginners might find wallet payments intimidating. Players must be comfortable using long and complex wallet addresses. It’s also important to have basic knowledge of network standards. For instance, depositing ETH into a BNB Chain address will lead to a loss of funds.

How to Choose a Decentralized Gambling Site 

I’ve established the benefits and downsides of decentralized gambling. Next, you might need some guidance on how to choose the best decentralized casino for you.

This section discusses the most important factors to consider when making an informed decision.

Safety and Regulation

Decentralized casinos accept cryptocurrencies rather than fiat money, meaning regulatory compliance isn’t as stringent. This means decentralized platforms aren’t required to hold a gambling license from central authorities, unlike conventional online casinos. Even so, I found that the top decentralized gambling sites are regulated by at least one reputable body.

This instills confidence in players, knowing that their chosen gambling site takes safety seriously. For example, Wall Street Memes, Betpanda, and many other decentralized sites are regulated by the Curaçao government. Players can independently verify gambling licenses on the public register.

Wall Street Memes gambling license

That said, safety checks shouldn’t stop there. Players should ensure their chosen casino offers two-factor authentication (2FA). This is mandatory at many decentralized casinos. 2FA protects accounts if the login credentials are compromised. This is because access isn’t granted until the 2FA code is entered, which is only available on the player’s registered smartphone.

Games Available

Decentralized casinos generally offer two different gaming formats. One option is to play traditional games from reputable software providers. Examples include Hacksaw Gaming, Microgaming, Evolution, and NetEnt. These providers rely on RNGs, although they’re audited by multiple licensing bodies nonetheless.

The second and perhaps more favorable option is ‘provably fair’ games. These are backed by decentralized smart contracts, meaning outcomes and game selection are transparent and independently verifiable. The leading provably fair providers are BGaming and Spribe. Players should also consider what specific gambling games they want to play.

For example, the best decentralized casinos support thousands of options, ranging from table games with live dealers and slots to video poker, sports betting, and keno. Some platforms even offer decentralized lotteries with huge payouts. You can also play decentralized poker games with cryptocurrencies – CoinPoker is the standout provider.

Accepted Cryptocurrencies

It’s also worth checking what cryptocurrencies are accepted before joining a decentralized casino. Bitcoin was the only option in the early days of decentralized online gambling platforms. However, platforms have since expanded into popular altcoins. For example, Lucky Block accepts XRP, Dogecoin, USD Coin, TRON, Pepe, BNB, BONK, Toncoin, and more.

Most, if not all of these altcoins are considerably more efficient than Bitcoin. For example, it takes 10-15 minutes for decentralized casinos to process Bitcoin deposits. The exception is Betpanda – which uses the Lightning Network, meaning transactions take seconds. Nonetheless, Ethereum, BNB, and many other altcoins typically arrive in under two minutes.

Withdrawal Speeds

When choosing a decentralized gambling site, it’s crucial to check the average withdrawal speeds. If payout times are fast, this information is often displayed on the homepage. Most of the decentralized platforms on my list offer instant withdrawals, which means payouts are processed immediately.

As such, the cryptocurrencies will be deposited in your wallet in minutes. However, be aware that in some cases delays can happen. For example, withdrawals of over $10,000 will likely need manual approval. This is to ensure the player’s account hasn’t been compromised and that money laundering suspicions aren’t present.

KYC Requirement

One of the key pillars of decentralized gambling is anonymity. Many players want access to online casino services without being asked to upload KYC documents. Therefore, check the casino’s KYC requirements when researching providers. If the casino is ‘KYC-free’, this is often displayed on the homepage. Look for terms like ‘No KYC’, ‘Anonymity’, and ‘Privacy’.

That said, casinos must ensure they comply with anti-money laundering regulations. This means KYC will be mandatory if the casino suspects potential fraud. For example, depositing a larger amount of Bitcoin, making low-free bets, and then immediately withdrawing that Bitcoin to another wallet would raise suspicions.

Welcome Bonuses and Ongoing Promos

Once you’ve covered the fundamentals – including safety, withdrawals, and KYC – the next step is to assess bonuses. The main focus should be on the welcome package, which is offered to players opening an account for the first time. The welcome package can be worth thousands of dollars when using a decentralized casino.

But do ensure you’re aware of the wagering requirements. These must be met before any bonus winnings can be cashed out. For example, suppose you receive a 2 ETH bonus with 30x wagering requirements. You’d need to wager 60 ETH before requesting a payout from the bonus balance.

TG.Casino bonus

One of the best bonuses right now is offered by TG.Casino. It offers 50 free spins on Wanted Dead or a Wild. Unlike most bonuses, the winnings can be withdrawn without wagering requirements. TG.Casino’s welcome package also includes a 200% deposit boost (up to 10 ETH).

Check out the Luck Block welcome package too. It offers new players a 200% deposit bonus (up to €25,000) and 50 free spins. I’d also suggest clicking the ‘Promotions’ button to see what bonuses are available to existing players. This could include weekly reloads, free spins, or cashback. VI/loyalty programs should also be assessed.

Betting and Payment Limits

Limits likely won’t be an issue if you’re a casual player looking to wager a few dollars here and there. However, those looking to bet larger amounts should be aware of any potential limitations. For example, some casinos implement betting limits on certain gambling products – especially sports betting.

Additionally, withdrawal limits can also be imposed. This can be a major issue if you’re trying to withdraw considerably more than the limits allow. For example, suppose the decentralized casinos limit withdrawals to $5,000 per week. You want to withdraw $2,000, meaning it’ll take a month before receiving the full amount.

Withdrawal limits are almost always displayed in the general terms and conditions. Make sure you check them before proceeding. You can often increase your betting and withdrawal limits by becoming a VIP player. Check the casino’s VIP page to see what’s available.

User Experience

I’d also suggest players review the overall user experience when choosing a decentralized gambling site. For example, how long does it take to open an account and deposit funds? Is it easy to browse and load games, or is the platform difficult to navigate?

These are the sorts of questions you should ask when reviewing platforms. The user experience should be assessed on all of the devices you’re planning to use. For example, the casino might offer a great experience on desktop browsers. But the same casino might offer a sub-par experience when using the mobile app.

Step-by-Step Guide on Decentralized Gambling

This final section will walk you through the steps of using a decentralized casino. You’ll learn how to register an account, make a wallet-to-wallet deposit, place crypto bets, and withdraw your winnings.

I’m using Wall Street Memes for this tutorial. But the steps are much the same with most platforms – so feel free to use your preferred provider.

Step 1: Open a Decentralized Gambling Account

The first step is the easiest. Visit the Wall Street Memes website on a desktop or mobile browser. Click the ‘Sign Up’ button. A registration form will appear on the left-hand side.

Wall Street Memes casino open an account

Type in your email address and choose a username. The email address must be valid, as it’s required if the login credentials are forgotten. Choose a password and click the ‘Sign Up & Play’ button. Your Wall Street Memes account is now ready to fund.

Step 2: Get a Decentralized Wallet

You can skip this step if you already have a decentralized wallet (also known as a self-custody or non-custodial wallet). If not, you must get a suitable wallet for decentralized gambling. This will keep your gambling winnings safe and allow you to easily deposit and withdraw funds. Decentralized wallets also ensure your privacy is protected.

Best Wallet review

My suggestion for newbies is Best Wallet. Its mobile app is user-friendly and ideal for gambling payments. You can scan the casino’s deposit address via a QR code, too, eliminating costly mistakes. Best Wallet is free to download and supports over 60 networks, including Bitcoin, Solana, Ethereum, BNB Chain, and TRON.

Step 3: Add Some Cryptocurrencies to the Decentralized Wallet

So far, you’ve opened a Wall Street Memes account and downloaded Best Wallet. The next step is to transfer some cryptocurrencies into the Best Wallet app. This will be used to deposit funds into Wall Street Memes.

Best Wallet review

You can buy cryptocurrencies with a debit/credit card on Best Wallet – just click the ‘Buy’ button. Choose which coin to purchase (Tether is a good option – it’s a stablecoin pegged to USD), enter an amount, and follow the on-screen instructions to complete the payment.

Move to the next step when the coins are shown in your Best Wallet balance.

Step 4: Make a Decentralized Casino Deposit

Now go back to your Wall Street Memes account and click the ‘Wallet’ button. Bitcoin is the default deposit method, but you can change this to the cryptocurrency you purchased in the previous step.

Deposit funds at Wall Street Memes casino

You will now see the deposit address for the respective coin. Open the Best Wallet app and scan the QR code. This will add the deposit address to an outgoing transfer. You can then enter the transfer amount and confirm.

The deposit will appear in your Wall Street Memes account in seconds or minutes, depending on which coin was used. For example, Solana and XRP could arrive in under 60 seconds. Bitcoin might take about 10-15 minutes.

Step 5: Search for Decentralized Games and Gamble Responsibly

You’ve now got funds to play with. Simply search for your preferred game and begin playing. If you’re not sure which games to play, use the filters on the left-hand side.

Blackjack games at Wall Street Memes casino

For instance, clicking on live dealers will reveal classic table games like blackjack, roulette, and baccarat. You can also use the search bar. In my example, I’ve searched for ‘Blackjack’.

Step 6: Request a Wallet-to-Wallet Withdrawal 

You’ll hopefully have an enjoyable gaming experience that’s resulted in some gambling winnings. Cashing out couldn’t be easier when using Wall Street Memes.

So, open the Best Wallet app and click the coin you’re withdrawing. Click ‘Receive’ and copy the deposit address. Then go back to Wall Street Memes, and click on the ‘Wallet’ button followed by ‘Withdraw’. Then paste the address you just copied.

In the ‘Amount’ field, type the withdrawal size. Then click the ‘Withdraw’ button to confirm the payout.

How Secure and Legit Are Decentralized Casinos?

Decentralized gambling is largely safe, especially when compared to traditional casino sites. After all, payments are made privately from an anonymous wallet, so players aren’t exposing their financial information on the casino’s website. There’s often no requirement to upload passports or other KYC documents.

Data breach risks can be avoided. Another safeguard is that the best DeFi casinos are regulated. Players are typically forced to install 2FA requirements, too. This protects players in the event their login credentials are compromised. Games are also considered safe, as they’re transparently backed by the blockchain and smart contracts.

However, it’s crucial to note that not all decentralized gambling operators are safe and legitimate. It’s relatively easy for unscrupulous actors to create a bogus crypto casino with rigged games or an inability to withdraw funds. This is why independent research is paramount. Always stick with reputable, regulated decentralized crypto casinos.

Conclusion

Decentralized gambling is the future – especially as we approach the Web 3.0 era. Cryptocurrencies, blockchain, and other innovative technologies ensure players get a better deal.

Overall, Wall Street Memes is one of the best decentralized gambling and casino sites. When you join, you’ll get 50 free spins and a 200% deposit bonus. Slots, blackjack, roulette, and thousands of other games are available. Best of all, Wall Street Memes offers instant payouts.

Visit Wall Street Memes

FAQs

What are decentralized casinos?

Do online casinos use blockchain?

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What are the best coins to use at a decentralized gambling site?

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References

  1. Online Gambling – Worldwide (Statista)
  2. What is Decentralization in Blockchain? (Amazon Web Services)
  3. How to Calculate Return to Player (RTP) (Gambling Commission)
  4. Provably Fair (BGaming)
  5. Crypto Firm Tether Says it has Around $1.6 Billion in Excess Reserves to Back its USDT Stablecoin (CNBC)

Kane Pepi is an established financial and crypto content writer who has an impressive portfolio of over 2k articles, guides, and market insights. With his market knowledge in specialized areas such as asset valuation and analysis, portfolio management, and financial crime prevention, Kane Pepi has acquired a good reputation for delivering succinct explanations of complex financial issues. He has a Bachelor's Degree in Finance and a Master's Degree in Financial Crime, and is currently completing his Doctorate degree, which investigates the intricacies of money laundering in the cryptocurrency and blockchain technology sectors. Kane's experience in the world of finance make him a valuable resource for those looking to navigate the world of finance and cryptocurrency.

View all Posts by Kane Pepi

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