Best Stablecoin Casinos – Crypto Casinos with Stablecoins
Stablecoin casinos represent an arguably safer option for any gambler who wants to get involved in cryptocurrency betting but isn’t prepared to take a risk on highly volatile cryptocurrencies like Bitcoin and altcoins. If you want something with a value that you can rely on, then stablecoin casinos could be the way to go.
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What is a Stablecoin?
Stablecoins, by definition, have their value fixed. They are cryptocurrencies where the value is pegged/tied to that of either another currency, a commodity, or perhaps some other type of financial instrument. They are designed to take away the highly volatile nature of other cryptocurrencies.
In most cases, stablecoins are often tied to the US dollar. Tether (USDT) is arguably the most famous stablecoin tied to a real-world currency. However, others may be tied to commodities such as gold or have their value fixed in other ways. Whichever way they are fixed, the likelihood is that their value will remain constant for the foreseeable future, with only major economic upsets unbalancing them.
What Are Stablecoin Casinos?
As you might imagine, stablecoin casinos are literally any online casinos that accept notable and renowned stablecoins. For the most part, these operate in just the same way that any cryptocurrency casino would. However, the key difference is that they specialize in accepting stablecoins over other options.
The most notable stablecoins are those that are tied to the US dollar, and among the more popular stablecoins that you can come across are:
- Tether (USDT)
- USD Coin (USDC)
- Dai (DAI)
- TerraUSD (UST)
- Binance USD (BUSD)
Types of Stablecoins
The types of stablecoins we have discussed above are those that are tied to FIAT currencies, such as the US dollar. These are known as FIAT-collateralised stablecoins. There are other types. Crypto-collateralized stablecoins, for instance, are tied to other cryptocurrencies. However, these are less stable than their name suggests and more open to volatility than FIAT-collateralised stablecoins.
Finally, we have algorithmic stablecoins. These are kept stable using algorithms and are run in much the same way that the US Federal Reserve regulates the US dollar or central banks regulate and stabilize other currencies. You can find stablecoins from all three examples at some of our best stablecoin casino sites.
The Advantages of Playing with Stablecoins at Crypto Casinos
Playing with Stablecoins has its perks. While not as numerous as choosing to play with other cryptocurrencies, they are, nonetheless, important. Here’s what you need to know:
You Know the Value and Can Rely on It
Stablecoins have fixed values. Because of this, you aren’t going to be engaging in what could be called double gambling – gambling on games and gambling by using highly volatile cryptocurrencies. They aren’t likely to lose value.
Ideal for Beginners
If you are new to cryptocurrencies and bet with BTC, you may have to get used to its value. You might not know what your stake truly represents in real money, for instance. However, as stablecoins are tied to FIAT currencies (on many occasions), you’ll know exactly how much you’re betting, making them ideal for beginners.
The Disadvantages of Playing with Stablecoins at Crypto Casinos
There are downsides to using stablecoins at online casinos, too. Here are a few of the key ones you should make a note of:
No Profit on the Horizons
Because stablecoins are often tied to a FIAT currency or have their value fixed in other ways, they are far safer to use. However, because they are not volatile, you can’t expect to make any money when you trade them in.
Not Widely Accepted in Games
You’ll find plenty of online casinos that accept stablecoins. What you won’t find is a wealth of software providers who have made their games stablecoin-friendly. Therefore, many such games will convert your stablecoin balance into something else (FIAT or another cryptocurrency) for gameplay, and you could lose out on the exchange there.
How to Choose the Best Stablecoin Casino
Before you sign up to play at stablecoin casinos, you may wish to consider the following:
- Check to see which type of stablecoin you want to use first
- Read our reviews to find a stablecoin casino that has the option you want
- Acquire a wallet that will allow you to store those stablecoins
- Head to an exchange to purchase the relevant stablecoin and transfer it to your wallet
- Sign up at the necessary casino and deposit into your account using your stablecoin
Featured Stablecoin Crypto Casinos
We’ve tested a handful of stablecoin cryptocurrency casinos, and we believe we know what features the best ones should offer. In our research, we’ve found several that fit the bill, but two excel above the rest. We recommend exploring these two stablecoin casinos first:
BC.Game
WOLF.BET
Conclusion
Now that you know about stablecoin casinos, it is time to head over to one and sign up, right? Follow the tips listed above to get started with stablecoins. Begin by exploring our stablecoin casino reviews and exploring what each has to offer and why we’ve recommended them to you. Having found the perfect site, you can then register as a new player and start betting at stablecoin casinos today.
Your Stablecoin Crypto Casino Questions Answered
Do all crypto casinos accept stablecoins?
No. Only selected cryptocurrency casinos accept stablecoins, although USDT is widely available at many top crypto casino sites.
Can I play live dealer games with stablecoins?
That depends. Not all crypto casinos offer live dealer games, but many of the better ones will do.
Can I claim stablecoins online casino bonuses?
We’ve seen plenty of examples of top stablecoin casino bonuses where sites accept USDT, so we’d like to think so, yes.
Is it safe to wager with stablecoins?
We’d argue that betting with stablecoins is safer than betting with cryptocurrencies. There is less volatility involved, therefore less risk, for starters.
Are stablecoin deposits free from fees?
That depends on where you play. However, we check to ensure that our top recommended stablecoin casinos offer fair Ts and Cs when it comes to deposits and withdrawals.