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The Top 12 Cryptocurrency Gambling Platforms

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The newest innovation in the crypto field is the development of cryptocurrency gambling platforms. Let's check the top 12 cryptocurrency gambling platforms.

Crypto space has completed dominated the world within the last few years. It has completed changed the way people believed in digital trading. The popularity of this market is increasing day by day. The reason for the success and so much popularity of this space is due to continuous innovations and inventions in this field. One of the newest innovation in this field is the development of cryptocurrency gambling platforms. It would have been rather surprised that someone would have imagined that gambling will not enter in this space. These kinds of platforms usually make bet on happenings. If you win, you get the almighty crypto coin else loses some of your money.

 

Let’s discuss the top 12 cryptocurrency gambling platforms that have impacted the crypto space:

 

1. 1xBit:

1xBit is one of the best platforms one for cryptocurrency gambling. The casino games on this site are fantastic. Most of the betting is done in the domain of sports. You can bet on almost every event of games including leagues and tournaments going all across the globe. Moreover, you can bet of virtual games too. It supports five-minute deposits and accepts dozens of cryptocurrencies. It has the biggest number of game software providers and the sportsbook and competitive odds are very large here. The minimum withdrawal limit is also quite low that is just 3mBTC.

https://1xbit.com

 

2. Fortune Jack:

It is one of the best places to play Bitcoin poker. It has been one of the oldest gambling platforms in the market. Fortune Jack is a registered and licensed cryptocurrency gambling site. They offer a huge number of betting games. The anonymity and exceptional security of the player are guaranteed. All the data is protected through SSL encryption. Apart from it, they also provide bonuses and promotions. It accepts various cryptocurrencies like  BTC, LTC, ETH, Bitcoin Cash etc. The payment is very fast almost within 15 minutes. The customer support is very helpful. However, as per some of the users, few games don’t work on fortune jack.

https://fortunejack.com/

 

3. BitcoinCasino.us:

It is a new addition in the list. Within a very small time, it has become one of the most preferable cryptocurrency gambling platforms. It also supports numerous exciting games. The lightning-fast deposits and withdrawals are amazing features. It accepts Ethereum, Bitcoin Cash, Litecoin, and DOGE. The game selection is very extensive and funny. However, before you withdraw, you need to wager your deposit 3x.

https://www.bitcoincasino.us/

 

4. BetChain:

It is also one of the best cryptocurrency gambling platforms. Like other alternatives, it also has a huge collection of games secures by highly protected security. The user interface and design are excellent. It supports fiat currencies along with cryptocurrencies. The minimum deposit amount is very low. The customer support is very amicable. However, before withdrawing amount, you need to submit an identity proof and often the process of depositing takes half an hour. Apart from these shortcomings, it is so cool to use.

https://www.betchain.com/

 

5. 7Bit Casino:

As per some users, it is not the best cryptocurrency gambling platform but for sure, it is nothing less than the top ones. It supports instant deposit and withdrawals. A huge collection of slots, table games, and live casino games are there. The customer assistance is incredible and 24*7. Huge varieties of fiat and cryptocurrencies are accepted on this platform. It enables multiple payment methods. However, one of the drawbacks of this platform is the poorly designed and slow operating user experience.

https://7bitcasino.com/

 

6. mBit Casino:

It is one of the best crypto casinos. It has a huge collection of exciting games and also provides security. It offers a fantastic sports-betting service on the massive selection of crypto casino games. The customer support is almost 10/10 and very friendly. The payments on this platform are very instants. However, the user interface needs a kind of some polishing. Also, there is a heavy wagering requirement on bonus offers present on the website. It has a very shiny look.

https://www.mbitcasino.com/

 

7. BitStarz:

It is one interesting name on this list. It offers a no deposit bonus i.e. you don’t have to deposit a single cryptocurrency unit and even though they give you free 20 spins. Just you have to log in with a valid email address to claim this bonus. The deposits and withdrawals are instants. The user interface and design are amazing. It has numerous variety of exciting cryptocurrency gambling games. However, the promotions present on these platforms have very heavy wagering requirements.

https://www.bitstarz.com/

 

8. PlayAmo:

Again, this platform provides you with some free cryptocurrency gambling spins. The transactions of deposit and withdrawal are very fact and secured. The games are very funny and rewarding. The customer support service is very helpful and offer live chat. It accepts a wide selection of fiat and cryptocurrencies. These amazing features have led it to be one of the most preferable ones. However, for bitcoin payments, the welcome bonus is not available.

https://www.playamo.com/

 

9. BetCoin:

It is one of the best cryptocurrency gambling platforms. You will find fantastic games here with an almost fair probability of a win. The deposits and withdrawals are very fast. The minimum deposit amount is relatively low. Also, there are not any wagering requirements on the welcome offer. You mind some of the controversies on Reddit, but it has maintained its dignity. However, the website is very poorly designed and as per users, the customer support is not up to the mark.

https://www.betcoin.ag/

 

10. Cloudbet:

It has been six years of innovation of this platform. This platform supports live games betting as well as other casino games such as slots, roulette, blackjack etc. The sportsbook and odds are fantastic. The customer support team is superb. The user interface is intuitive and flawless. However, it only accepts BTC and BTH. Also, there is a limited number of casino games present on this cryptocurrency gambling platform.

https://www.cloudbet.com/en/

 

11. BitCasino:

It is also one of the trusted and popular cryptocurrency gambling platform. The gambling environment is secure and provides some high-quality casino games. It also offers various exciting offers. The payouts are super-fast. The customer support supports live chat for 24*7. The UI is completely modern and intuitive. However, the famous table poker games are not available and you can access this platform only in UK and US.

https://bitcasino.io/

 

12. Oshi.io:

It is one of the non-US player supporting cryptocurrency gambling platform. It is a Japanese-themed casino platform. The game library is very comprehensive. You can build your bonus tools here. It accepts digital and fiat currencies except for the USA Bitcoin gamblers. Due to its uniqueness and secure features, Oshi.io has become one of the most preferable domain in this field especially in Asian countries like Japan.

https://oshi.io/

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#Bitcoin

Donald Trump policies push Mexico to Bitcoin

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Mexico has seen a new all-time high trading volume on localbitcoins. This comes out on the back of the announcement from the Trump Whitehouse.

Mexico has seen a new all-time high trading volume on localbitcoins. This comes out on the back of the announcement from the Trump Whitehouse that remittance payments of Mexican migrants in the United States of America will potentially be the target of new restrictions essentially ending the possibility of Mexican migrant workers to be able to cheaply send money back home to their families.

 

Mexico adopting Bitcoin:

Mexico has been experiencing a massive increase in the number of transactions on localbitcoins. Mexican migrant workers are believed to be exploited by the remittance companies which are charging around 10% fees. What is essentially being discussed here by the Trump Whitehouse is a new tax on these migrant workers. The number that they are currently floating around is a 3% tax on the remittances going from the USA to Mexico. This may not seem super crazy but considering the $33.4 billion which were sent to Mexico in 2018 alone, that extra 3% could mean $1 billion more per year for the United States government.

 

98% of the transactions that were sent during the last year, were sent via electronic means which means that there is actually a very strong remittance route that is ready for mass disruption going from the United States to Mexico and Bitcoin could be the perfect answer. However, the average size of a remittance payment from the United States to Mexico is $322 last year and the problem is that if the fees rise again exponentially on bitcoin, then bitcoin might not be the ideal cryptocurrency for these kinds of smaller remittance payments. Maybe we are going to see some other cryptocurrency being adopted in that situation. But regardless of which cryptocurrency is used, we can see that there is a clear need for disruption as government policies again seeks to impede or overly exploit the free float of money.

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Bitcoin Crashes Downwards: Is BTC Going to Fall Back to $4000?

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Bitcoin fell down to test the $5000 support level. If the current support around $5000 is broken, BTC might really crash to $4500 and $4200 support levels.

Bitcoin fell down to test the $5000 support level which is the most crucial level for BTC currently. The downward correction started after bitcoin tested the $5500 resistance level yesterday at around 18:00 UTC.

 

The resistance around $5500 proved very strong and pushed the price downwards sharply. The sharp declining pattern attracted a lot of sellers which even pushed the price below $5200 support level and BTC tested the $5000 support reaching up to $5018.

BTCUSD Price Chart- Coinbase

BTCUSD Price Chart- Coinbase

Bitcoin is currently trading around $5070 (at the time of publication) showcasing a bearish pattern.

 

Bitcoin Price Drop:

The sudden price drop has led to people speculating that BTC might soon crash back to the $4000 range. Earlier, analysts were also predicting the sudden rise of bitcoin to be a conspiracy. Also, Bloomberg had also called the sudden rise a Blip. If BTC had successfully crossed over the $5500 range, the next major resistance was around $5800, however, BTC fell sharply losing more than $400 in value over the last 24 hours.

 

The bearish move does not clearly indicate a crash towards $4500 and $4000 range, however, if the current major support around $5000 is broken, BTC might really crash to $4500 and $4200 support levels. With the price of bitcoin falling, other major altcoins are also in the red zone today with Ethereum falling more than 8% in the last 24 hours, XRP falling more than 6% and Litecoin falling around 12% in the last 24 hours.

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China to completely ban crypto mining: Bitcoin about to Crash Hard?

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As reported by Bloomberg, China is moving towards putting a complete ban on mining bitcoin and other crypto as it causes serious wasatage of resources.

As reported by Bloomberg, China is moving towards putting a complete ban on mining cryptocurrencies such as bitcoin. In accordance to a document posted by the National Department and Reform Commission of China, the mining of cryptocurrencies should be completely banned as it causes serious wasatage of resources.

 

China is known to be the largest hub of cryptocurrency mining with huge mining rigs been set up in the country. Earlier, China has also banned small investors to invest in security token offerings or STOs and only large investors with more than $1 million funds are allowed to invest in such projects. Now, the country is planning to take strict action against cryptocurrency miners in the country.

 

Cryptocurrency miners were earlier attracted to China due to their cheap electricity rates and subsidies in the country, however, due to the strict actions being taken by the government with the guidelines of the NDRC which has disincentivized cryptocurrency mining, a lot of miners have shut down their operations or moved to other nations.

 

Largest Mining Pools in China:

China has been a hub for some of the largest cryptocurrency mining polls. Even though the mining pools have been shifting to other countries, there has been some effect of the ban on the market for bitcoin and other cryptocurrencies as the mining is a major part of the overall working of cryptocurrencies.

 

How do you think the complete ban on cryptocurrency mining in China will effect the bitcoin price? Tell us in the comments section below.

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