The iGaming industry and the cryptocurrency market are in continuous growth and both have been following a similar path since they entered the digital market, mainly in terms of their introduction in new countries, regulations, and user acceptance, key points that you must be aware if you want to know how to start a bitcoin casino.
As we mentioned, since online casinos and cryptocurrencies are both digital, it was sure that sooner or later they would end up complementing each other. SOFTSWISS chose to pioneer this merger back in 2013 by introducing the first crypto-ready online casino.
Below we will look at the difference between a crypto casino and a dice site, what it takes to launch a successful online crypto casino, and share our extensive knowledge in crypto gambling.
What is a Crypto Casino?
In order to have a better understanding of how do crypto casinos work, it is essential to know what they are. Crypto casinos are no different to traditional online casinos. However, they have several differentiating features. Before we dive into the concept and definition, it is necessary to understand the differences between a crypto casino, dice site and blockchain casino, as many users get confused.
Crypto Casino
A crypto casino is an online gambling platform that allows players to use cryptocurrencies such as Bitcoin, Ethereum, or others to wager on traditional online casino games without immediate involvement of the blockchain for each transaction. Players at crypto casinos register an account and deposit cryptocurrencies as they would normally do in a fiat currency. Game wagers are deducted from the player’s balance (or wallet).
Blockchain Casino
A blockchain casino operates on a blockchain network, meaning that all aspects of its operation, including deposits, withdrawals, and bets, are recorded on a public or private blockchain. These casinos leverage the blockchain technology's transparency and immutability of blockchain technology to ensure the fairness of games and the integrity of transactions. Players typically do not need an account to play at these casinos. Instead, they can connect their crypto wallet directly in-game while winnings and losses are transparently recorded on the blockchain.
How to Start a Bitcoin Casino | SOFTSWISS
A dice site is a kind of casino that typically offers one game – a dice-based probability game, where players bet on the outcome of a dice roll. Dice sites may be integrated into a broader crypto or blockchain casino, while others may be independent sites specialising in just one particular game without requiring players to register.
Dice sites are often considered to be the precursor to online casinos. In 2013, SOFTSWISS bridged the gap between dice sites and traditional online casinos by introducing cryptocurrency deposit methods and enabling the use of crypto in casino games.
Most users choose to play and gamble at crypto casinos because of the advantages they offer that are not found in traditional online casinos.
Advantages of a Crypto Casino
When considering the option of opening a crypto casino, weigh in on its advantages before starting this business.
Anonymity
One of the most significant advantages of crypto casinos is that the registration process differs from that of traditional online casinos. No personal details or verification documents are required there, just an email and cryptocurrency address. After reaching a certain deposit-withdrawal threshold, players will be prompted to upload certain KYC documents.
Security
One of the strong points of cryptocurrencies is their security. On the one hand, there is anonymity, which helps to protect the user's identity and personal data. On the other hand, there is the blockchain, the system by which transfers are made.
For users, the main difference is that when using traditional payment methods, they have to enter personal and financial data that leaves traces that a third party could access. When using the cryptocurrency payment method, no personal data is used, making it more secure and allowing the user to deposit more confidently.
Instant Transfers
Some crypto casinos work with crypto processors like CoinsPaid, an intermediary of sorts, to process payments. Still, payments are processed almost instantaneously, regardless of block processing time.
Does Volatility Affect a Crypto Casino
Cryptocurrencies are known for their volatility, a defining characteristic that can have the most significant effect on a crypto casino. Volatility in cryptocurrencies means that their value can fluctuate drastically in a relatively short period, with the influence being either positive or negative.
When analysing the impact of cryptocurrency volatility on an online casino or bookmaker, two aspects come into play: how fluctuations influence players and how they influence operators.
How Players Are Affected By Crypto Volatility
The main point to consider when analysing fluctuations' impact on players in a crypto casino is that increases or decreases in the crypto value do not directly affect the player's crypto-based winnings or losses. The impact of cryptocurrency volatility arises when players decide to convert their funds to fiat currency.
On the other hand, players are generally used to taking the risk of losing money, so slight fluctuations or negative trends do not affect their behaviour much. In the case of large negative fluctuations, many tend to switch their cryptocurrencies to stablecoins (Tether) to avoid further losses. Others prefer to continue betting, hoping that the value of the cryptocurrency will rise again.
How Operators Are Affected By Crypto Volatility
If cryptocurrency experiences significant fluctuations, be it an increase or decrease in value, crypto casinos will be affected. This can be either directly through the change in the fiat value of prizes, bonuses and promotions, or indirectly through the reaction of their players.
The typical rule of thumb is that most players will panic and want to withdraw their cryptocurrencies and then change them to fiat or stablecoins. This causes network congestion, making transactions more expensive and slower.
While there is no plan of action when these situations occur, many operators have adopted some tactics to minimise risks and to take after fluctuations. They:
- Adjust the betting limits in their games.
- Educate their players, teaching them how to prepare to face the volatility of cryptocurrencies.
- Offer bonuses in stablecoins, such as USDT, to motivate users to keep playing.
International Adoption of Cryptocurrency
Understanding the context of cryptocurrencies globally will be beneficial for determining the most commonly used cryptocurrencies and their prevalence across various countries.
Just because a country has regulated the use of cryptocurrencies does not mean that their adoption rate among online casinos and sportsbook players is 100%. Regulation indicates that the market in a specific country may be more receptive to a crypto casino, but it is not guaranteed.
- Bitcoin is the cryptocurrency of choice for players to make deposits. It is the first cryptocurrency and the most reputable.
- Bitcoin in some countries is considered a ‘commodity’ rather than a ‘store of value’ or ‘asset’.
- Although some casinos accept tokens, they can be seen as a complication as it is difficult for gaming providers to implement them in-game, and their success is heavily dependent on the widespread adoption of the specific token.
Before marketing your crypto casino brand to any geographic audience, it is important to know the legal status of cryptocurrencies in the territory. In part, it will help your crypto casino's success. Researching the situation in each country can take a long time; so you can check the cryptocurrency's legal status of the territory you are interested in.
For a crypto casino, it is not the total volume of transactions that matters, but rather the consistency with which cryptocurrency transactions are made within a specific territory or among a particular population within a country.
Below are the countries with the greatest crypto adoption rates over the past three years (scored out of 60) according to The Henley Crypto Adoption Index 2024.
*Values are subject to change.
Most Popular Cryptocurrencies in 2025
How to Start a Bitcoin Casino | SOFTSWISSBased on 2024 stats, here are the top crypto for 2025:
- Bitcoin (BTC)
- Ethereum (ETH)
- Binance Coin (BNB)
- Tether (USDT)
- XRP (XRP)
- U.S. Dollar Coin (USDC)
- Solana (SOL)
- Cardano (ADA)
- Dogecoin (DOGE) How to Start a Bitcoin Casino | SOFTSWISS
*Data from: Staxpayments.com
*Values are subject to change.
*Data from: Coingecko.com
*Values are subject to change.
Steps to Create a Crypto Casino
If you are interested in how to make a bitcoin casino, you should take into consideration the following key points:
- Market Research
- Obtaining a Licence
- Choosing a Software Provider
- Games
- Web Design
- Crypto Casino Payments
- Marketing Strategy
Market Research
The first step to starting a crypto casino involves conducting market research. Information can often be the key to success or the road to failure. For this reason, collecting as much data as possible is important.
- Does your marketing expertise let you acquire crypto player traffic?
- Users of crypto casinos are players with experience and knowledge of cryptocurrencies and, generally, also of online casinos.
- Do you have the budget to target such players?
- To enter a niche market, you must be well prepared and have the financial backing to cope with expensive user acquisition channels.
- What games are best for a crypto audience?
- You need to know that some games only work with fiat currencies. What game providers will you need? Are there tools to enable games for crypto-play?
- What are your competitors doing, and should you do the same or different?
- Looking at competitors and learning from them is very important to prevent problems with fluctuations and to minimise risks. Then, it is up to you how to make your brand stand out.
With the accurate answers to the above questions, you can develop a unique proposition with a higher likelihood of success in the market.
Obtaining a Licence
A gaming licence is a permit issued by an authorised body of a country or territory (often called a jurisdiction). A gaming licence allows an online casino to offer gambling services to players.
At the moment, there are few licences that facilitate gambling services with cryptocurrencies. Considering that cryptocurrency adoption in the iGaming market is still low, holding a licence is critical to positioning your casino as a trustworthy choice for players.
Choosing a Software Supplier
The software of an online casino is the cornerstone for the project’s operation and success. To deliver excellent service to users, it must meet several essential requirements.
The software must be able to:
- Offer games that accept cryptocurrencies. Not all online casino games are crypto-friendly; you have to take the trouble to research and contact game providers or implement a hub that adds the best crypto games to your platform.
- Support cryptocurrencies that players want to play with. Previously, we showed you which cryptocurrencies are the most popular to play online casino games. It is key to success that your crypto casino platform supports these cryptocurrencies.
- Offer a system for managing your deposited currencies. The cryptocurrency processor is a vital part of every crypto casino's operation. The best processors, like CoinsPaid, offer both hot and cold wallet options.
- Provide an in-game currency conversion. It is one of the main features that the best crypto casino platforms must have. It allows players to play games that do not accept cryptocurrencies. This feature converts the crypto balance into wagers supported by the game.
Crypto Casino Games
When launching a crypto casino, game availability stands as a critical factor. Certain games and providers may not inherently support cryptocurrency payments. In this case, the Crytpo Casino solution from SOFTSWISS is an excellent option that allows users to bet in games not originally designed for cryptocurrencies.
Here is a list of the most popular games that accept cryptocurrencies and the best providers supporting crypto as a payment method.
