With the rise of cryptocurrencies comes the rise of crypto sweepstakes casinos. There are many reasons bettors worldwide want to turn to the crypto world when it comes to online casinos. Using crypto requires less personal/sensitive bank information to be shared, takes less time for transfers to complete, and involves smaller transaction fees when withdrawing/cashing out.
How Crypto Sweepstakes Casinos Work
If you’re familiar with regular sweepstakes casinos, crypto casinos aren’t very different. Crypto sweepstakes casinos still operate on the same sweepstakes models other online casinos use: They use Gold Coins (GCs) that have no monetary value and Sweeps Coins (SCs) that can be exchanged for cash or real prizes.
In regular sweepstakes casinos, fiat money is used to make in-app purchases for Gold Coins. Traditional money is also used when cashing out any Sweeps Coins earned from games. The only real difference when it comes to crypto sweepstakes casinos is that they use certain cryptocurrencies in place of fiat money to operate. This means that cryptocurrencies are used to purchase Gold Coins, and any Sweeps Coins that are redeemed will be cashed out using the same cryptocurrency.
Most Popular Crypto Casinos
Whether using traditional money or cryptocurrency, it is important to first find a trustworthy online casino, preferably one with a good number of positive reviews from other active users or reputable sites. Review sites like Sweeps Casino feature some of the best online casinos, including crypto sweepstakes casinos.
Some of the most popular sweepstakes casinos that accept crypto include Sugar Sweeps Casino, Sweepstastic Casino, Moonspin Casino, and YAY Crypto Casino. While Sugar Sweeps Casino, Moonspin Casino, and YAY Crypto Casino exclusively accept cryptocurrencies as payment and withdrawal/cashout methods, Sweeptastic Casino offers both fiat transactions and crypto ones. Much like other online casinos, each of these crypto casinos offers hefty bonuses, such as no deposit bonuses and daily log-in bonuses.
Sugar Sweeps Casino is a social casino with the special feature of allowing users to transfer their credits from one game to another on the platform to give players more flexibility in the overall gaming experience. Sweeptastic Casino uses Lucky Coins as their Gold Coins and rewards new players with a generous welcome bonus of 10,000 Lucky Coins upon registration. Moonspin Casino is a crypto-exclusive online casino that offers players a daily bonus of 1,000 Gold Coins once every 24 hours. Lastly, YAY Crypto Casino features a wide selection of games, from jackpot games to video slots.
Most Popular Currency Used In Sweepstakes Crypto Casinos
One of the advantages of using a crypto sweepstakes casino is global accessibility. Certain online casinos can be tied to a certain region or country, as traditional fiat money from one region may differ from another’s. However, crypto can be used anywhere in the world, allowing bettors everywhere to participate in (and cash out from) crypto sweepstakes casino games.
Although Bitcoin is by far the most popular cryptocurrency used in crypto casinos, other commonly used cryptocurrencies include Litecoin, Ethereum, Dogecoin, Ripple, Tether, and Tron.
