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Online gambling has exploded in popularity over the last few years, with more and more states and countries legalizing it. Couple this with a global pandemic, where many people are simply unable to visit indoor casinos with large crowds of people, and you’ve got a popular form of entertainment.
But did you know that you don’t need to only gamble with cash? You can also gamble with popular cryptocurrencies, like bitcoin.
What is bitcoin gambling, you ask? It’s the same as normal gambling, it’s just that bitcoin gambling sites let you fund your account, and take your earnings, in bitcoin.
Because bitcoin has become much more prominent as a global, decentralized currency, more and more gambling websites, and other types of businesses, accept it as payment.
Keep reading to learn about the best gambling sites to check out.
Las Atlantis
Las Atlantis is one of the top bitcoin casino sites. It’s extremely popular and is a great site to sign up for. They offer up to a 280% welcome bonus, which can add up to quite a bit, depend on how much you find your account with.
With sizable jackpots and tons of great games, this site should be the first you try.
Bovada
Do you like sports betting? It’s even better when you can use cryptocurrency like bitcoin to place your bet.
Bovada specializes in crypto betting on sports and offers a signup bonus worth up to $5,000. Along with sports, you can play traditional casino games, play with a live dealer, and bet on horse racing.
Slots.lv
Looking for massive signup bonus potential? Look no further than Slots.lv, where you can earn a bitcoin bonus of 300 percent, up to $7,500. Gambling with crypto on Slots.lv means playing table games, video poker, and participating in tournaments.
Other than Bitcoin Gambling Sites, Where Else Can You Earn?
Gambling with cryptocurrencies like bitcoin has a number of benefits. For one, gambling is fun. It’s a great way to pass the time, especially when there are many different ways to gamble and games to play.
Another benefit when it comes to crypto is that it’s much easier to deal with than fiat currencies, such as the US dollar. Bitcoin, and cryptocurrency in general, exists in part to make the transfer of money across the world much easier, more affordable, and less of a hassle.
It’s available in nearly every country since it’s decentralized and can’t be controlled by the government or shut down by any singular entity. This is great news when it comes to online gambling, as many of the best websites are headquartered offshore, where gambling laws are more favorable.
Lastly, bitcoin gambling is great because it’s a way to make money. If you’re lucky, you may even earn big. But gambling isn’t the only way to make money with bitcoin. Here are some of the top ways you can grow your crypto portfolio.
Buy and Hold
No other asset class has delivered the kind of return on investment that bitcoin and other reputable cryptocurrencies have, over the last ten years. In 2011, the value of bitcoin was between $1 and $32, while in mid-2021, the value has been hovering around $50,000.
Had you bought a few years ago, or even just a few months ago, your crypto investment could have grown significantly, which means your portfolio would be worth more. Buying and holding cryptocurrencies that are poised to increase in value is the laziest, but one of the most effective ways to earn more money with bitcoin and other cryptocurrencies.
Staking Crypto
Another way to earn money with your cryptocurrencies, such as bitcoin, ethereum, and tezos, is by staking them. Staking your cryptocurrencies is the process of tying up a certain amount of your currency to be used by the blockchain to power other transactions.
As a result of allowing your currencies to be used in this way, you are essentially paid for your service, which can range from one to 10 percent depending on the currency that you stake. This is yet another passive income strategy.
Earning Interest
You can also earn interest on many of your different cryptocurrencies, such as bitcoin, by holding them on lending platforms such as Celsius. You don’t have to lend the currency out yourself, as that could pose more risk.
Instead, the platform facilitates lending, and by simply depositing and holding your crypto on one of these platforms, you can earn between one and 12 percent, depending on the going rate for different cryptocurrencies.
You can deposit and withdraw your crypto at any time, making this another great, passive way to put your crypto to work.
Day Trading
Looking to make more money with crypto in a hands-on kind of way? Consider day trading.
While many people trade crypto as a hobby, others treat it as a business and do it full-time. It can be very profitable. But if you do it in your spare time, you may be able to make an extra $20, or even $100 per day.
With day trading, your goal is to buy crypto and sell it for a profit, within a short time frame. It requires the ability to read technical charts and make sense of market information quickly.
It can be very fun and very rewarding. It’s also risky and requires some degree of speculation. In this way, it’s sort of like gambling.
Making the Most of Your Bitcoin
Bitcoin gambling is just plain fun. And with so many bitcoin gambling sites, you’ll never get bored, and you may find a few games you are really good at, allowing you to make some money.
If you have a decent amount of cryptocurrency, consider dividing it up for different tasks. Set aside a certain amount to gamble with each month. Then, put the rest of your crypto to work for you.
You can stake some of it, and designate some to a lending platform to earn stable interest rates that are much higher than any traditional bank will provide.
If you have the time, you can also experiment with day trading, and see if you like that as much as gambling.
Looking for more tips like this? Head over to our blog to keep reading.
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