What are the best crypto exchanges for gambling? It is asked if those who, own cryptocurrencies, would like to recover cash to spend right on online gaming. This is no small question if you consider the huge differences that incur between one platform and another. Differences that concern the most important parameter for those who would like to get back in possession of “spendable” liquidity: commissions.
Differences, however, also concern the real possibility of achieving this goal and thus involve the offer in terms of crypto. Very trivially, some holders of “exotic” cryptocurrencies may experience difficulties in finding an Exchange that can cover, perhaps with decent commissions, their needs.
So, here is a list of the best Exchanges for online casinos, compiled by taking into consideration fees, crypto pool, and other important parameters.
Connecting the best Crypto Exchanges with Online Casinos
The link between best crypto exchanges and online casinos might elicit some bewilderment on the one hand and some unwarranted references on the other. In the first case, the world of cryptocurrencies and the world of online gaming might actually appear distant. In the second case, it would give voice to the detractors that investing in Bitcoin and the like is little more than a gamble.
In reality, the connection is very simple and has nothing to do with actual gambling. Rather, it concerns the need to recover money that can be immediately spent on other activities. Cryptocurrencies were born to provide an alternative to traditional currencies, but this goal is still quite far off. They are therefore investment assets and as such illiquid. Hence, the need to repurpose them in order to secure liquidity.
Indeed, many would-be players prefer to trade the cryptocurrencies in their possession, rather than reserve capital in euros, dollars, etc. In a way, it is like identifying a practical use for an investment that may have run its course.
How cryptocurrency exchanges work
Before listing the best crypto Exchanges for casinos, it is good to take stock of the very Exchanges and the opportunities they offer. This term simply means platforms that allow you to exchange cryptocurrencies for cryptocurrencies, and fiat currencies (i.e., euro, dollar, pound, etc.).
Exchanges are used both for building portfolios, perhaps diversified ones, but also for trading. In fact, one has a relatively easy game, once the price has exceeded the purchase price, to sell and thus forfeit a rich surplus.
In this respect, the best crypto exchanges are contrasted with CFD brokers. CFDs are derivative products that allow you to profit from price fluctuations without actually owning the asset. They are sometimes less expensive and faster – cryptocurrency transactions are subject to technical timeframes – but they precisely have the defect of not allowing real ownership. So, in the specific case of cash recovery, they are simply unserviceable.
The best crypto exchanges for casinos
The time has come to list and describe the best online casino exchanges. That is those platforms that allow you to recover liquidity from a crypto wallet and, ideally, spend it on online gaming as well. The selection is the result of a study of the offerings, fees, and additional services. In general, the experience that each platform offers cryptocurrency holders was taken into consideration.
eToro is a very special case among cryptocurrency exchanges. Technically, it is a broker like many others but in addition to providing CFD trading, it also provides Exchange services. It does just that through the eToro platform. The strength of this platform is twofold: on the one hand, the security, guaranteed by FIPS 140 encryption, which is the standard of choice in the United States; on the other hand, the costs, which are very low, in line with those of brokers.
However, eToro is also accessible, in the sense that it is very easy to use. The barriers to entry are very low, to the point that the minimum initial deposit is set at 50 euros. And for those who still show skepticism, there is a totally free demo account, with which to “taste” the potential of the platform. In conclusion, one of the best Exchanges for casinos, is, to recover liquidity without leaving significant amounts of money on the pot and without any major worries. The brand is one of the best crypto exchanges.
Binance is one of the most distinguished names in the crypto world. After all, it is the largest exchange in the world. It is also one of the few that has gained authority beyond the borders of the crypto world, as evidenced by the number of partnerships it has entered into in recent years. The prestige is also due to the provision of a dedicated cryptocurrency, BinanceCoin, a sign of certain stability and opulence.
In terms of the services provided, Binance stands out for its total accessibility, symbolized by the minimum deposit of 0.01 euros. Trading fees are very low, and the same can be said of those related to withdrawals. So, recovering liquidity is simple and inexpensive thanks to Binance. Good integration with major international payment circuits is also reported. This, and much more, make it one of the best crypto exchanges to use for online gambling.
Coinbase is another old acquaintance of all cryptocurrency enthusiasts. It is one of the most experienced platforms, having been founded back in 2012. It is not surprising, then, that over time it has matured a competitive relationship with Binance, considered its staunchest rival. A dynamic, this, obviously benefits investors, traders, and ordinary cryptocurrency holders alike.
Among Coinbase’s strengths is its cryptocurrency offering, which among other things is constantly being updated. Also notable is an excellent technical infrastructure, which overcomes some of the technical limitations of the cryptocurrencies themselves. In essence, transactions are faster than the structure of virtual currencies suggests. So, Coinbase is an excellent platform to trade cryptocurrencies, perhaps with fiat currencies and in order to recover liquidity, why not, even play online games. For the reasons above Coinbase is one of the best crypto exchanges for online gaming.
TRT stands for The Rock Trading. It has a peculiarity that precedes, in order of importance, all other features: it is a 100% Italian platform, a symbol of the growth of the sector even in the Bel Paese.
Fortunately, it is also a very good platform. Of course, the offer could be more nourished, but it is still growing. However, a state-of-the-art commission structure that comes to investors’ aid is noteworthy. For currencies, commissions are between 0.02% and 0.20%. Fastlane transactions, however, which make it possible to overcome some technical limitations (slowness), are 1.39%.
In the background is an efficient technical infrastructure, which unravels around the user a comfortable, secure, easy-to-manage environment. Credit also goes to the interface, to which the developers have taken special care. Again, therefore, we are talking about an excellent platform for exchanges, one of the best Exchanges for casino players.
Kraken has a very special history behind it. Above all, a long history. In fact, it is one of the “oldest” Exchanges, having been founded in 2011. Originally, it was exclusively reserved for Bitcoin, partly because there were not that many cryptocurrencies around. However, in the intervening years, partly as a result of a path of change triggered by some misadventures, it has been able to change its skin. So much so that today it is probably the exchange with the widest cryptocurrency offering. In fact, there are more than 100 of them.
In parallel, it has also increased its transaction volume, thus positioning itself as a benchmark for cryptocurrency holders. In contrast, there is still reported uncertainty regarding regulatory issues. Still, it remains a good Exchange to get back in possession of one’s liquidity and, ideally, spend it on recreational activities, such as those offered by online casinos. Well, for all these reasons also Kraken is one of the best crypto exchanges.
Bitstamp is another well-known Exchange that we put among the best crypto exchanges. It has made a slow but nevertheless steady rise. Launched in Slovenia back in 2011, it has also conquered foreign markets, such as the United Kingdom. At the same time, it has been able to specialize and find its own niche. As of today, Bitstamp is considered a reference point, especially for traders, and in particular for those who work with the most important cryptos: Bitcoin and Ethereum. The reason for this lies in a state-of-the-art technical infrastructure, which shortens transition times, and an accommodating approach to fees. This is evidenced by the daily transaction volume figure: $700 million.
However, it can also be employed by those who, very trivially, would like to exchange cryptocurrencies for fiat currencies and return to spendable liquidity. So, it can certainly be considered by those who aim to move the capital from cryptocurrencies to online gaming activities.
Poloniex represents a bit of a white fly in the cryptocurrency world. In fact, it is an extremely regulated exchange. Then again, it is headquartered in the United States, which goes hard on regulation. Indeed, Poloniex has received the “blessing” of the SEC and FINRA. Another factor in favor of Poloniex’s security is ownership, which belongs to Circle, a brand backed by Goldman Sachs.
No wonder Poloniex is considered a safe haven by all those who, skeptical of the cryptocurrency world, seek above-average security guarantees. In the background, services are still comparable to the best crypto exchanges, both in terms of cryptocurrency offerings and costs. So, we are facing one of the best Exchanges for online casinos, that is, for recovering liquidity to spend on Internet gaming activities.
OKX is a very special Exchange. First, because it has some important investors on its side, from whom it has received valuable endorsements. Above all, the famous Tim Draper was appreciated for his skills (just think that he managed to recover some big brands just with crypto investments).
OKX has another peculiarity: it is designed primarily for speculators. Hence, a marked focus on the theme of “speed,” the result of an incredibly advanced technical infrastructure. In addition, the Exchange also places great importance on tokens, contributing to the development of a market that never ceases to hold surprises.
By virtue of this, although not exactly in the top ranks in terms of transaction volume, it stands out for its incredibly high turnover, which is well in excess of $1 billion. So, it deserves to be taken into consideration by those who want to recover liquidity, perhaps to play online casinos and thus we also put OKX among the best crypto exchanges for online gambling.
Hubi is an Exchange that is still growing, as evidenced by its registry. In fact, it was founded only in 2018. It is among the newest entrants, but it has nonetheless carved out an important space for itself. Credit goes to an extremely accommodating approach to fees, which winks at the most active investors and even the bravest traders. Commensurate with the commissions is a minimum initial deposit that is simply zero–to zero.
Of course, Hubi has its flaws, chief among them an offering not up to par with the best crypto exchanges, which falls short of 40 cryptocurrencies. Otherwise, it is still an excellent Exchange, as much for trading as for, very trivially, trading cryptocurrencies, perhaps with fiat currencies, why not for playing online games. So, it can be counted among the best crypto Exchanges for casinos.
CEX also represents a bit of a white fly in the crypto world. There are two reasons for this. First, it was also born as a reference point for miners. A vocation it has retained until recently, as one particular figure shows: it has come to hold more than 40 percent of global mining power. The second reason lies in the location of its headquarters, which is the United Kingdom. This exposes it to even stricter regulation, and thus a really stringent approach to security guarantees, which is to the benefit of users. Registration with FINCEN, as well as the application of KYC Standard policies, is the hallmark.
Nonetheless, it excels in other respects as well, not disfiguring in comparison to the freest Exchanges. The offer is very abundant and varied, and the fees are low. We are therefore facing one of the best Exchanges for online casinos, or rather one of the best crypto Exchanges for those who want to recover liquidity by exchanging cryptocurrencies for fiat currencies.
What is the link between the best crypto exchanges and casinos?
No direct link, of course. However, Exchanges are the only solution for those who, holding cryptos, want to regain possession of their liquidity, then convert Bitcoin and the like with euros, dollars, etc. without spending so much money on fees. Of course, this “newfound” liquidity can also be spent on online casinos. Indeed, many prefer to move money out of cryptocurrency wallets so as not to commit capital currently available.
What is the best crypto exchange?
There is no absolute best Exchange, there are few that can be compared and recognized as the best crypto exchanges. More to the point, one should speak of “best suited” to one’s needs. In any case, it is possible to identify a group of the best crypto Exchanges that objectively deliver good services.
How to choose the cryptocurrency exchange?
Precisely, certain parameters make it possible to identify the best crypto Exchanges that stand out in an otherwise saturated landscape. The reference is to cryptocurrency offerings, which must be abundant and varied; fees, which must be accommodating; security guarantees; and accessibility of interfaces.
How much does an average exchange cost?
It is difficult to quote figures that apply to all the best crypto Exchanges, partly because it depends on situations, the cryptocurrencies themselves, and other parameters. In general, anything below the point.